513 material Form 8-K filings that 427 companies we cover made with the SEC in November 2024, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Ziff Davis reported unaudited third-quarter 2024 revenue of $353.6 million, up 3.7%, and adjusted diluted EPS of $1.64, up 9.3%. GAAP results were weaker: the net loss widened to $48.6 million, or $1.11 per diluted share, including an $85.3 million goodwill impairment. The company reaffirmed its fiscal 2024 guidance.
Q3 2024 revenue was $353.6 million, up from $341.0 million. Digital Media rose 5.8% to $283.6 million, while Cybersecurity and Martech fell 4.1% to $70.0 million.
Net loss was $48.6 million, or $1.11 per diluted share, compared with $31.0 million, or $0.67, in Q3 2023. The period included an $85.3 million goodwill impairment.
Adjusted diluted EPS rose 9.3% to $1.64 from $1.50, and adjusted EBITDA rose 9.6% to $124.7 million.
Fiscal 2024 guidance was reaffirmed: revenue of $1.411 billion to $1.471 billion and adjusted EBITDA of $500.0 million to $521.0 million. An earnings call is set for November 8, 2024, at 8:30 a.m. ET.
Red Rock Resorts reported third quarter 2024 net revenues of $468.0 million, up 13.7% from a year earlier, and Adjusted EBITDA of $182.7 million, up 4.3%. Net income fell 19.0% to $55.4 million, and diluted earnings per share were $0.48 versus $0.60, so revenue and Adjusted EBITDA growth did not carry through to the bottom line for shareholders.
Net revenues were $468.0 million, up $56.4 million from $411.6 million in Q3 2023; Las Vegas operations revenues were $464.7 million.
Net income was $55.4 million, down $13.0 million from $68.4 million; diluted EPS was $0.48 versus $0.60.
The Board declared a $0.25 per Class A share dividend for Q4 2024, payable December 31, 2024 to holders of record as of December 16, 2024.
Corpay reported third-quarter 2024 revenue of $1,029.2 million, up 6%, and diluted EPS of $3.90, up 7%, with adjusted diluted EPS of $5.00, up 11%. The company slightly lowered its full-year 2024 revenue guidance, citing fuel prices and foreign exchange rates, while maintaining its $19.00 cash EPS guide, and the board raised the share repurchase authorization by $1 billion.
Q3 2024 revenue of $1,029.2 million, up 6% from $970.9 million; first quarter above $1 billion, per the company
Q3 diluted EPS $3.90, up 7%; adjusted diluted EPS $5.00, up 11% from $4.49
2024 revenue guidance lowered to $3,980 million to $4,010 million (midpoint $3,995 million); cash EPS guide maintained at $19.00
Share repurchase authorization increased by $1 billion; $500 million Term Loan B upsizing completed September 26, 2024
Monster Beverage reported third-quarter 2024 net sales up 1.3% to $1.88 billion, but net income fell 18.1% to $370.9 million and diluted earnings per share fell to $0.38 from $0.43. The results include $21.5 million in net-of-tax charges, and the company also disclosed a new director effective January 1, 2025 and a bylaw change adopting a majority voting standard for director elections.
Q3 2024 net income was $370.9 million, down from $452.7 million; diluted EPS was $0.38 versus $0.43 a year earlier.
Adjusted diluted EPS was $0.40 versus $0.41; the gap reflects $10.6 million in Alcohol Brands inventory reserves and $16.7 million in a Hansen intellectual property provision.
William W. Douglas III was elected a director by the Board on November 6, 2024, effective January 1, 2025.
Fourth Amended and Restated By-laws, effective November 6, 2024, adopt a majority voting standard for director nominees, with plurality voting retained for contested elections.
Brighthouse Financial reported third quarter 2024 net income available to shareholders of $150 million, or $2.47 per diluted share, down from $453 million a year earlier. Adjusted earnings rose to $767 million, but that figure includes $524 million of net favorable notable items tied to the annual actuarial review. The estimated combined RBC ratio of 365% to 385% is below the company's 400% to 450% target range, and the company said it is in the final stages of a reinsurance transaction intended to address this.
Net income available to shareholders was $150 million, or $2.47 per diluted share, versus $453 million, or $6.89 per share, in Q3 2023.
Adjusted earnings were $767 million, or $12.58 per diluted share, including $524 million of net favorable notable items; adjusted earnings less notable items were $243 million, or $3.99 per share.
Estimated combined RBC ratio was between 365% and 385% at September 30, 2024, below the 400% to 450% target range; a reinsurance transaction is in final stages and expected before year-end.
The company repurchased about $64 million of common stock in Q3 2024 and about $215 million year-to-date through November 1, 2024.
DXC Technology reported second quarter fiscal 2025 results for the quarter ended September 30, 2024, with revenue down 5.7% to $3.24 billion and GAAP diluted EPS down 53.1% to $0.23. The company raised its full-year non-GAAP EPS, adjusted EBIT margin and free cash flow guidance, but full-year organic revenue guidance was revised to a decline of 5.5% to 4.5% from 6.0% to 4.0%, so shareholders see a higher profit outlook alongside falling sales and lower GAAP earnings.
Quarterly revenue was $3.24 billion, down 5.7% year-over-year (down 5.6% on an organic basis).
GAAP diluted EPS was $0.23, down 53.1%; non-GAAP diluted EPS was $0.93, up 32.9%.
Full-year non-GAAP diluted EPS guidance rose to $3.00-$3.25 from $2.75-$3.00; free cash flow guidance rose to about $550 million from about $450 million.
Full-year revenue guidance is $12.9 billion to $13.1 billion, a decline of 5.5% to 4.5% on an organic basis versus the prior 6.0% to 4.0%.
MP Materials reported third-quarter 2024 revenue of $62.9 million, up 20% from a year earlier, driven by sales of separated NdPr. Profit measures worsened: the net loss was $25.5 million, or $(0.16) per diluted share, compared with a $4.3 million loss a year earlier, and Adjusted EBITDA was a $11.2 million loss versus $15.6 million of positive Adjusted EBITDA. For shareholders, the revenue growth came with higher cost of sales from early separated product production.
Revenue rose 20% year-over-year to $62.9 million, from $52.5 million, as NdPr sales volume reached 404 metric tons.
Net loss was $25.5 million, versus a $4.3 million loss in the third quarter of 2023; diluted EPS was $(0.16) versus $(0.02).
Adjusted EBITDA was $(11.2) million, down $26.7 million year-over-year, mainly due to higher cost of sales from initial separated product production.
Record REO production of 13,742 metric tons rose 28% year-over-year; the company repurchased 13.0 million shares in March and 2.2 million shares in August 2024.
Solventum reported third-quarter 2024 sales of $2.082 billion, up 0.4%, while GAAP earnings per share fell to $0.70 from $2.66 a year earlier and adjusted EPS was $1.64 versus $2.87. The company raised its full-year 2024 adjusted EPS guidance to $6.50 to $6.65 from $6.30 to $6.50, so shareholders get a higher outlook alongside a sharp drop in quarterly profit.
Q3 2024 net sales $2.082 billion, up 0.4%; organic sales up 0.3%
GAAP EPS $0.70 vs. $2.66 in Q3 2023; adjusted EPS $1.64 vs. $2.87
Full-year 2024 adjusted EPS guidance raised to $6.50 to $6.65 (previously $6.30 to $6.50)
Full-year free cash flow guidance raised to $750 million to $850 million (previously $700 million to $800 million)
Sunrun reported third-quarter 2024 results on November 7, 2024. Total revenue fell $26.0 million, or 5%, from a year earlier, while the net loss attributable to common stockholders shrank to $83.8 million, or $0.37 per share, from $1,069.5 million a year earlier, a period that included a $1,158 million goodwill impairment. The company reiterated its Cash Generation guidance of $350 million to $600 million for 2025 and $50 million to $125 million for Q4 2024.
Total revenue was $537.2 million, down 5% from the third quarter of 2023, as solar energy systems and product sales fell 47%.
Net loss attributable to common stockholders was $83.8 million, or $0.37 per share, versus $1,069.5 million in Q3 2023.
Cash Generation was $2.5 million in Q3 2024, the second consecutive quarter of positive Cash Generation.
Full-year 2025 Cash Generation guidance of $350 million to $600 million was reiterated, not changed.
CarGurus reported third-quarter 2024 total revenue of $231.4 million, up 5% from a year earlier, and GAAP net income of $22.5 million, up 19%. Nine-month results were weaker, with total revenue down 4% and a net loss of $24.9 million driven by $144.4 million of impairment-related charges. The board also authorized a $200.0 million share repurchase program for fiscal year 2025.
Q3 2024 Marketplace revenue was $204.0 million, up 15%, while total revenue rose 5% to $231.4 million.
Q3 GAAP net income was $22.5 million, up 19%; nine-month GAAP net loss was $24.9 million, including $144.4 million of impairment-related charges.
Q4 2024 guidance: total revenue of $219 million to $239 million and non-GAAP EPS of $0.50 to $0.55; full-year 2024 total revenue of $885 million to $905 million.
Board authorized a $200.0 million share repurchase program for fiscal year 2025.
Arlo Technologies reported third-quarter 2024 revenue of $137.7 million, up 5.9% from a year earlier, with service revenue of $61.9 million up 21.2%. The GAAP net loss per share widened to $(0.04) from $(0.01), while non-GAAP net income per share rose to $0.11 from $0.09. The company guided fourth-quarter revenue to $116 million to $126 million.
Q3 2024 revenue $137.7 million, up 5.9% from $130.0 million in Q3 2023
Service revenue $61.9 million, up 21.2% year over year; annual recurring revenue $241.6 million, up 20.8%
GAAP net loss per share $(0.04) vs. $(0.01) a year earlier; non-GAAP net income per share $0.11 vs. $0.09
Q4 2024 outlook: revenue $116 million to $126 million; GAAP EPS $(0.06) to $0.00; non-GAAP EPS $0.07 to $0.13
DiamondRock reported third-quarter 2024 results, with total revenues up 3.1% to $285.1 million but net income down 2.6% to $26.6 million. The company lowered its full-year 2024 comparable RevPAR growth guidance to 1.5% to 2.0%, from 1.5% to 3.0%, citing current transient trends and Hurricanes Helene and Milton, while keeping the Adjusted EBITDA midpoint and raising the Adjusted FFO per share midpoint.
Q3 2024 net income was $26.6 million, or $0.11 per diluted share, versus $27.3 million, or $0.12, a year earlier.
Q3 2024 Adjusted EBITDA rose 3.3% to $75.6 million, and Adjusted FFO per share was $0.26, flat year over year.
Full-year 2024 comparable RevPAR growth guidance was cut to 1.5% to 2.0% from 1.5% to 3.0%.
H&R Block reported fiscal 2025 first-quarter results for the period ended September 30, 2024. Revenue rose 5% to $193.8 million, but the pretax loss grew to $232.3 million and the loss per share from continuing operations widened to $(1.23) from $(1.11). The company reaffirmed its full-year fiscal 2025 outlook and repurchased $210 million of shares in the quarter.
Total revenue of $193.8 million, up $10.0 million or 5% from the prior year, driven by higher company office volumes and international tax preparation revenue
Pretax loss increased by $19.9 million to $232.3 million, with total operating expenses up $32.0 million to $422.1 million
Loss per share from continuing operations was $(1.23) versus $(1.11); adjusted loss per share was $(1.17) versus $(1.05)
Full-year fiscal 2025 outlook reaffirmed, including revenue of $3.69 to $3.75 billion and adjusted diluted EPS of $5.15 to $5.35
StepStone reported results for the quarter ended September 30, 2024, its fiscal second quarter of 2025. Total revenues rose 42% year over year to $271.7 million and adjusted net income rose 78% to $53.6 million, while GAAP net income fell 10% to $53.1 million and diluted earnings per share dropped to $0.26 from $0.42. The company also declared a quarterly dividend of $0.24 per share, up from $0.21, payable December 13, 2024.
Total revenues were $271.7 million, up from $191.4 million a year earlier; total performance fees were $86.9 million versus $49.3 million.
GAAP net income attributable to StepStone Group Inc. was $17.6 million, compared with $26.2 million a year earlier.
Adjusted net income was $53.6 million ($0.45 per share), versus $30.2 million ($0.26 per share), and fee-related earnings were $72.3 million, up from $43.8 million.
The Board declared a $0.24 quarterly dividend per share, payable December 13, 2024, to holders of record on November 29, 2024; assets under management were $176.1 billion.
Yelp reported third-quarter 2024 net revenue of $360 million, up 4% from a year earlier, and net income of $38 million, down 34% from $58 million. It also adjusted its full-year 2024 outlook to $1.397 billion to $1.402 billion of net revenue and $341 million to $346 million of Adjusted EBITDA, and agreed to acquire RepairPal for approximately $80 million in cash, with closing expected by year-end. Revenue grew while profit declined, and shareholders will weigh the RepairPal deal against that mix.
Q3 net revenue rose 4% to $360 million; diluted EPS was $0.56 versus $0.79 a year earlier
Q3 Adjusted EBITDA was $101 million, up 5%, with a 28% margin; the company said this was $14 million above the high end of its outlook range
Full-year 2024 outlook adjusted to $1.397 billion–$1.402 billion net revenue and $341 million–$346 million Adjusted EBITDA
RepairPal acquisition for approximately $80 million in cash; RepairPal generated about $30 million in revenue over the twelve months ended August 31, 2024
Collegium reported third-quarter 2024 product revenue of $159.3 million, up 17% year over year, while GAAP net income fell to $9.3 million from $20.6 million a year earlier. The company reaffirmed its full-year 2024 product revenue guidance of $620.0 million to $635.0 million and said Vikram Karnani will become President and Chief Executive Officer effective November 12, 2024, succeeding Michael Heffernan, who remains Chairman.
Q3 2024 product revenue was $159.3 million versus $136.7 million a year earlier; GAAP diluted EPS was $0.27 versus $0.53
Q3 2024 adjusted EBITDA was $105.1 million, up 18% from $89.4 million; GAAP operating expenses rose to $62.0 million from $35.3 million
Full-year 2024 guidance reaffirmed: product revenue $620.0 million to $635.0 million, adjusted EBITDA $395.0 million to $405.0 million
Karnani's agreement includes a $875,000 base salary, a 75% target bonus, a $500,000 signing bonus and $10 million in equity awards
XPEL reported third-quarter 2024 revenue of $112.9 million, up 9.9% from a year earlier, and net income of $14.9 million, or $0.54 per share, up 9.1%. For the first nine months, net income fell to $36.6 million, or $1.32 per share, from $40.8 million, or $1.48 per share, and the company estimated fourth-quarter revenue at $105 million to $107 million. The results are preliminary and unaudited until the Form 10-Q, expected on or before November 8, 2024.
Q3 2024 revenue $112.9 million, up 9.9%; gross margin 42.5% versus 40.4%
Q3 2024 net income $14.9 million, or $0.54 per share, versus $13.7 million, or $0.49 per share
Nine-month net income $36.6 million, or $1.32 per share, versus $40.8 million, or $1.48 per share in 2023
Q4 2024 revenue estimated at $105 million to $107 million, assuming US growth of about 10%
ScanSource reported fiscal first-quarter 2025 results for the quarter ended September 30, 2024, with net sales down 11.5% to $775.6 million and GAAP diluted EPS up 13.1% to $0.69. GAAP operating income fell 26.8% to $17.6 million, and the company reaffirmed its fiscal 2025 annual outlook without change. For shareholders, per-share profit rose on lower sales, while the sales decline and operating income drop show a weaker underlying operating trend.
Net sales were $775.6 million, down 11.5% year over year; non-GAAP net sales, excluding currency and acquisitions, fell 10.7%.
GAAP diluted EPS was $0.69 versus $0.61; non-GAAP diluted EPS was $0.84 versus $0.74.
GAAP operating income was $17.6 million versus $24.1 million, including $5.1 million in restructuring and other charges.
Fiscal 2025 outlook was reaffirmed: net sales $3.1 billion to $3.5 billion, adjusted EBITDA $140 million to $160 million, and free cash flow of at least $70 million.
Under Armour reported second-quarter fiscal 2025 results for the quarter ended September 30, 2024, with revenue down 11% to $1.4 billion and GAAP net income of $170 million, compared with $105 million a year earlier. The company raised its fiscal 2025 profit outlook, narrowing the expected operating loss to $176 million to $196 million from $220 million to $240 million, while also increasing marketing investment by about $25 million.
Net revenues fell 10.7% to $1,399 million; North America revenue decreased 12.9% to $863 million.
Diluted EPS was $0.39 on a GAAP basis and $0.30 adjusted, versus $0.23 GAAP a year earlier.
Fiscal 2025 operating loss outlook is $176 million to $196 million, versus the prior $220 million to $240 million.
Cash and cash equivalents totaled $531 million at quarter end, with no borrowings under the $1.1 billion revolving credit facility.
MACOM reported fiscal fourth-quarter 2024 revenue of $200.7 million, up 33.5% from a year earlier, and GAAP net income of $29.4 million, or $0.39 per diluted share, up from $0.34. For the full fiscal year, revenue rose 12.5% to $729.6 million, but GAAP net income fell to $76.9 million, or $1.04 per diluted share, from $91.6 million, or $1.28, a year earlier. The company guided fiscal first-quarter revenue to $212 million to $218 million and adjusted earnings per diluted share to $0.75 to $0.81.
Q4 fiscal 2024 revenue was $200.7 million, up 33.5% year over year and 5.4% from the prior quarter
Q4 GAAP diluted EPS was $0.39 vs. $0.34 a year earlier; adjusted diluted EPS was $0.73 vs. $0.56
Fiscal 2024 GAAP income from operations was $73.7 million vs. $107.4 million; adjusted income from operations was $175.0 million vs. $189.6 million
Fiscal Q1 2025 (ending January 3, 2025) outlook: revenue of $212 million to $218 million; adjusted EPS of $0.75 to $0.81
Diebold Nixdorf reported third-quarter 2024 revenue of $927.1 million, down 1.7% from a year earlier, and a GAAP net loss of $21.7 million. Adjusted EBITDA rose 7.7% to $117.5 million, and the company said it expects to finish 2024 at the high end of its unchanged adjusted EBITDA guidance of $435 million to $450 million.
Q3 2024 revenue of $927.1 million, down 1.7% year over year
GAAP net loss of $21.7 million; GAAP operating profit of $46.4 million, down 21.1%
Adjusted EBITDA of $117.5 million, up 7.7% year over year
Full-year 2024 adjusted EBITDA guidance of $435 million to $450 million unchanged; company expects the high end of the range
Bentley Systems reported third-quarter 2024 revenue of $335.2 million, up 9.3% year over year, while GAAP diluted earnings per share fell to $0.13 from $0.16. The CFO said 2024 total revenue is expected at the lower end of the annual outlook range, though the company expects an increased cash flow outlook for the year.
Q3 2024 total revenues were $335.2 million, up 9.3% (9.1% in constant currency) from a year earlier.
Q3 GAAP diluted EPS was $0.13 versus $0.16; adjusted EPS was $0.24 versus $0.22.
CFO Werner Andre said 2024 total revenue growth is expected at the lower end of the annual outlook range, citing declines in Cohesive professional services for Maximo.
On October 18, 2024, the company entered into a five-year $1.3 billion revolving credit facility with a $500 million accordion feature.
Steven Madden reported third-quarter 2024 revenue up 13.0% to $624.7 million, but GAAP diluted EPS fell to $0.77 from $0.87 as operating income declined. The company raised its 2024 revenue growth and EPS outlook and declared a $0.21 quarterly dividend, so shareholders get higher guidance alongside lower reported profit.
Q3 revenue rose 13.0% to $624.7 million from $552.7 million; GAAP net income attributable to the company was $55.3 million, or $0.77 per diluted share, versus $0.87 a year earlier
Adjusted diluted EPS was $0.91 versus $0.88; the GAAP decline reflects an $8.6 million pre-tax trademark impairment in the quarter
2024 guidance now calls for revenue growth of 13% to 14% and GAAP diluted EPS of $2.36 to $2.41 (Adjusted $2.62 to $2.67)
Quarterly dividend of $0.21 per share is payable December 27, 2024, to holders of record on December 13, 2024
PENN Entertainment reported third-quarter 2024 revenue of $1,639.2 million, up from $1,619.4 million a year earlier, and a net loss of $37.5 million, versus a $725.1 million loss in the prior-year quarter that included a $923.2 million loss on the Barstool disposal. Adjusted EBITDAR fell to $348.4 million from $445.1 million, and adjusted EPS was a loss of $0.25 compared with earnings of $1.21, so the headline profit measures weakened on a year-over-year basis. The filing gives no new guidance.
Total revenues of $1,639.2 million, up from $1,619.4 million for the three months ended September 30, 2023
Net loss of $37.5 million, or $(0.24) per diluted share, compared with a net loss of $725.1 million, or $(4.80) per share, a year earlier
Adjusted EBITDAR of $348.4 million, down from $445.1 million; Interactive segment adjusted EBITDA loss of $90.9 million
Total liquidity of $1.8 billion as of September 30, 2024, including $834.0 million in cash and cash equivalents
Papa Johns reported third quarter 2024 results for the period ended September 29, 2024. Total revenues fell 3.1% to $506.8 million, and adjusted diluted EPS fell to $0.43 from $0.53, while GAAP diluted EPS rose to $1.27 from $0.48, helped by a $41.3 million gain on the sale of two Quality Control Center properties. Shareholders face lower underlying sales and profit alongside a one-time gain that lifted reported earnings.
Total revenues were $506.8 million, down $16.0 million or 3.1% from a year earlier.
Diluted EPS was $1.27 versus $0.48, including a $41.3 million gain on sale of QC Center properties; adjusted diluted EPS was $0.43 versus $0.53.
Adjusted operating income fell $4.3 million, or 12.9%, to $29.3 million, mainly due to lower Domestic Company-owned restaurant margins.
Total comparable sales declined 4.9% in the quarter, and the board declared a fourth quarter dividend of $0.46 per share payable November 29, 2024.
DNOW Inc. reported third quarter 2024 revenue of $606 million, up from $588 million a year earlier, but net income attributable to the company fell to $13 million, or $0.12 per diluted share, from $35 million, or $0.32 per share, in the same quarter of 2023. Excluding other costs, which mainly included International restructuring charges of $8 million, diluted earnings per share were $0.21 compared with $0.25 a year earlier.
Revenue was $606 million for the quarter ended September 30, 2024, compared with $588 million a year earlier and $633 million in the prior quarter.
GAAP diluted EPS was $0.12, compared with $0.32 in the third quarter of 2023; non-GAAP diluted EPS excluding other costs was $0.21, compared with $0.25.
Cash provided by operating activities was $74 million for the quarter; the company repurchased $7 million of common stock and had $261 million in cash and no long-term debt at September 30, 2024.
Tapestry reported fiscal first-quarter 2025 revenue of $1.51 billion, roughly flat year over year. Reported diluted EPS fell to $0.79 from $0.84, while non-GAAP diluted EPS rose to $1.02 from $0.93, after $0.23 per share of acquisition-related costs. The company raised its fiscal 2025 non-GAAP EPS outlook to $4.50 to $4.55 from $4.45 to $4.50.
Net sales were $1.51 billion, approximately flat versus the prior year on both reported and constant currency bases; Coach sales rose 1%.
Reported net income was $187 million, or $0.79 per diluted share, versus $195 million, or $0.84, a year earlier.
Non-GAAP diluted EPS was $1.02 versus $0.93; acquisition costs, mainly financing and professional fees tied to the proposed Capri Holdings acquisition, reduced EPS by $0.23.
Fiscal 2025 non-GAAP EPS guidance is $4.50 to $4.55; the quarterly dividend is $0.35 per share, payable December 23, 2024.
Wolverine World Wide reported third-quarter 2024 results on November 7, 2024. Reported revenue fell 16.6% to $440.2 million, while diluted earnings per share rose to $0.28 from $0.11 a year earlier. The company raised its full-year 2024 revenue and EPS outlook, but its ongoing business revenue still declined 7.0% from the prior year.
Q3 2024 reported revenue of $440.2 million, down 16.6% from $527.7 million; ongoing revenue of $440.1 million, down 7.0% from $473.3 million
Diluted EPS of $0.28 vs. $0.11 a year earlier; adjusted diluted EPS of $0.29
Full-year 2024 ongoing revenue outlook raised to $1.730 to $1.745 billion from $1.71 to $1.73 billion
Full-year diluted EPS outlook raised to $0.56 to $0.66 from $0.53 to $0.63; net debt at quarter end was $563 million, down $373 million year over year
United Parks & Resorts reported third-quarter 2024 results with total revenue of $545.9 million, down 0.4%, and net income of $119.7 million, down 3.1%. Diluted EPS rose 8.3% to $2.08, which the filing ties to share repurchases, and attendance fell 1.4% to 7.0 million guests amid a calendar shift and hurricanes Debby, Helene and Milton.
Q3 total revenue $545.9 million (down 0.4%); net income $119.7 million (down 3.1%); diluted EPS $2.08 (up 8.3%)
Adjusted EBITDA $258.4 million, down 3.0%; attendance 7.0 million guests, down 1.4%
Company repurchased 4.1 million shares for about $211.7 million in Q3; about $74.9 million remained under the program as of September 30, 2024
Revolving credit facility increased from $390 million to $700 million during the quarter
NCR Voyix reported third-quarter 2024 results, with GAAP revenue of $711 million, down from $809 million a year earlier, and a net loss from continuing operations of $31 million, compared with $266 million a year earlier. Adjusted EBITDA was $93 million versus $103 million, and the company maintained its full-year 2024 revenue and adjusted EBITDA guidance. The company said it completed the $2.45 billion sale of its Digital Banking business and reduced $1.84 billion of debt and other obligations.
GAAP revenue was $711 million versus $809 million; normalized revenue was $708 million versus $794 million.
Net loss from continuing operations was $31 million versus $266 million; diluted EPS from continuing operations was $(0.24).
Adjusted EBITDA was $93 million versus $103 million; normalized Adjusted EBITDA was $101 million versus $133 million.
Full-year 2024 total revenue guidance of $2,805M to $2,860M and adjusted EBITDA guidance of $355M to $375M were maintained; about $100 million of sale proceeds is planned for share repurchases over 12 months.
Elanco reported third-quarter 2024 revenue of $1,030 million, down 4% on a reported basis and up 1% organic constant currency, and adjusted EPS of $0.13 versus $0.18 a year earlier. Reported net income of $364 million was driven by a $640 million pre-tax gain on the July 2024 sale of its aqua business, but the company's adjusted results declined. It also narrowed its full-year 2024 guidance, lowering the top end of its adjusted EBITDA range and reported EPS range.
Q3 adjusted EBITDA was $163 million, down 24%, and adjusted EBITDA margin was 15.8% versus 20.0% a year earlier.
Full-year 2024 revenue guidance was narrowed to $4,420 million to $4,450 million from $4,410 million to $4,460 million.
Full-year adjusted EBITDA guidance was lowered to $900 million to $930 million from $900 million to $940 million; reported EPS guidance was cut to $0.58 to $0.64 from $0.63 to $0.71.
Fourth-quarter 2024 revenue is expected between $1.00 billion and $1.03 billion, and the company expects to provide detailed 2025 guidance in February 2025.
Edgewell Personal Care reported fourth-quarter and fiscal 2024 results for the year ended September 30, 2024, and gave a fiscal 2025 outlook. Fourth-quarter net sales fell 3.1% and GAAP diluted EPS dropped to $0.17 from $0.58, while full-year net sales rose 0.1% and adjusted EPS rose 18%. The fiscal 2025 outlook calls for adjusted EPS of $3.15 to $3.35, which would be growth from $3.05, but the weak quarter and higher restructuring charges weigh on near-term results.
Q4 fiscal 2024 net sales were $517.6 million, down 3.1%; GAAP diluted EPS was $0.17 versus $0.58 a year earlier
Fiscal 2024 net sales were $2,253.7 million, up 0.1%; GAAP diluted EPS was $1.97 versus $2.21, and adjusted EPS was $3.05, up 18%
Fiscal 2025 outlook: adjusted EPS of $3.15 to $3.35 and organic net sales growth of approximately 1% to 3%
Quarterly cash dividend of $0.15 per share declared October 31, 2024, payable January 8, 2025
Privia Health reported third-quarter 2024 results on November 7, 2024, with revenue up 4.9% to $437.9 million and adjusted EBITDA up 25.8% to $23.6 million. GAAP net income fell 37.4% to $3.5 million, and GAAP diluted EPS fell to $0.03 from $0.05. The company raised its full-year 2024 guidance, with all listed metrics now at or above the high end of prior ranges.
Q3 2024 total revenue was $437.9 million, up 4.9% from $417.3 million; GAAP net income was $3.5 million versus $5.6 million a year earlier.
Adjusted EBITDA was $23.6 million, up 25.8%; non-GAAP adjusted net income per diluted share was $0.20 versus $0.17.
Full-year 2024 adjusted EBITDA guidance was raised to $85 million to $90 million, at the high end of the prior range.
Cash and cash equivalents were $422.0 million at September 30, 2024, with no debt.
Prestige Consumer Healthcare reported fiscal second-quarter 2025 results for the three months ended September 30, 2024. Revenue fell 0.9% to $283.8 million, which the company attributed mainly to limited ability to supply strong demand for Clear Eyes and declines in the Cough & Cold and Analgesic categories, while diluted EPS rose to $1.09 from $1.07 and the company reaffirmed its full-year fiscal 2025 outlook. For shareholders, lower revenue was paired with slightly higher per-share earnings and unchanged guidance.
Q2 revenue of $283.8 million, down 0.9% from $286.3 million a year earlier
Q2 diluted EPS of $1.09 vs. $1.07; net income of $54.4 million vs. $53.6 million
First-half revenue of $550.9 million, down 2.6%; first-half diluted EPS of $2.06 (non-GAAP adjusted $1.98)
Fiscal 2025 outlook reaffirmed: revenue of $1,125 to $1,140 million and adjusted diluted EPS of $4.40 to $4.46
RXO reported third-quarter 2024 revenue of $1.04 billion, up from $976 million a year earlier, and adjusted EBITDA of $33 million, up from $26 million. The company posted a GAAP net loss of $243 million, which included $248 million in transaction, integration, restructuring and other costs, and it completed its Coyote Logistics acquisition on September 16, 2024.
Revenue was $1.04 billion versus $976 million in Q3 2023; gross margin was 17.3% versus 17.7%.
GAAP net loss was $243 million, or $1.81 per diluted share, versus a net loss of $1 million in Q3 2023; adjusted diluted EPS was $0.05.
Q4 2024 outlook: adjusted EBITDA of $40 million to $45 million and Brokerage gross margin of 12% to 14%.
Expected annualized cost synergies from Coyote integration were raised to at least $40 million.
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