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).
Marcus & Millichap reported third quarter 2024 results on November 8, 2024, with total revenue of $168.5 million, up 4.0% from $162.0 million a year earlier. The net loss narrowed to $5.4 million, or $0.14 per diluted share, from $9.2 million, or $0.24 per share, and adjusted EBITDA improved to approximately breakeven. The company said long-term interest rate volatility and pricing gaps between buyers and sellers will likely keep transaction timelines extended, and it did not give numeric guidance.
Q3 2024 total revenue of $168.5 million, up from $162.0 million; brokerage commissions rose to $142.0 million from $139.8 million
Q3 2024 net loss of $5.4 million, or $0.14 per diluted share, versus a net loss of $9.2 million, or $0.24 per share, in Q3 2023
Adjusted EBITDA increased by $6.6 million to approximately breakeven for the quarter
Nine-month revenue fell to $456.0 million from $479.7 million, and nine-month net loss was $20.9 million, or $0.54 per share; results are preliminary until the Form 10-Q is filed
At its 2024 Investor Day on November 7, 2024, Veeva's CFO Brian Van Wagener said the company expects third-quarter fiscal 2025 results at or above the guidance it gave on August 28, 2024. The filing does not provide a new numerical forecast, so shareholders are left with the original ranges as the benchmark.
Guidance given August 28, 2024: total revenue $682-685 million and non-GAAP fully diluted net income per share $1.57-1.58
Non-GAAP operating income guidance of $273-275 million and normalized billings of about $449 million were also previously issued
CFO statement made during the Investor Day presentation on November 7, 2024, covering the quarter ended October 31, 2024
Filing states no revised numerical guidance and no GAAP targets for operating income or net income per share
Victory Capital reported third-quarter 2024 results on November 7, 2024. Revenue rose 7.6% year over year to $225.6 million, and GAAP diluted earnings per share were $1.24, up from $0.77, though the company also recorded $2.6 billion in long-term net outflows for the quarter. The board raised the quarterly dividend to $0.44 per share from $0.41, and management said the pending Amundi transaction is expected to close in the first quarter of 2025.
Q3 2024 revenue of $225.6 million, up 7.6% from $209.7 million a year earlier and up 2.7% from $219.6 million in Q2 2024
GAAP net income of $82.0 million, or $1.24 per diluted share, versus $52.0 million, or $0.77, in Q3 2023
Long-term net outflows of $2.6 billion in the third quarter; total AUM ended at $176.1 billion
Quarterly dividend raised to $0.44 per share from $0.41, payable December 23, 2024, to holders of record on December 9, 2024
Axon reported third-quarter 2024 revenue of $544 million, up 32% from a year earlier, and net income of $67 million, or $0.86 per diluted share. The company raised its full-year 2024 revenue outlook to approximately $2.07 billion from a prior range of $2.00 billion to $2.05 billion, and its full-year Adjusted EBITDA outlook to approximately $510 million from $460 million to $475 million.
Q3 2024 revenue was $544 million, up 32% year over year; Axon Cloud & Services revenue rose 36% to $203 million.
Full-year 2024 revenue outlook raised to approximately $2.07 billion; full-year Adjusted EBITDA outlook raised to approximately $510 million.
Operating profit fell to $24 million from $57 million, mainly due to higher stock-based compensation expense of $102 million.
Net income was $67 million, or $0.86 per diluted share; non-GAAP net income was $113 million, or $1.45 per diluted share.
Mettler-Toledo reported third-quarter 2024 sales of $954.5 million, up 1% from a year earlier, and diluted EPS of $9.96 versus $9.21. Adjusted EPS rose 4% to $10.21, while adjusted operating profit was flat at $296.6 million. The company narrowed its full-year 2024 adjusted EPS forecast to $40.35 to $40.50 from $40.20 to $40.50, which raises the low end of the range.
Q3 2024 reported sales rose 1% to $954.5 million; diluted EPS was $9.96 versus $9.21 a year earlier.
Nine-month reported sales declined 1% to $2.827 billion; nine-month diluted EPS was $28.55, including a $1.07 per share non-cash tax benefit.
Full-year 2024 adjusted EPS is forecast at $40.35 to $40.50; the 2025 forecast is $41.85 to $42.50.
Management expects fourth-quarter 2024 local currency sales to rise about 8% and adjusted EPS of $11.63 to $11.78.
RingCentral reported third-quarter 2024 total revenue of $609 million, up 9% year over year, and GAAP operating income of $3 million, compared with a loss of $54 million a year earlier. The company raised its full-year 2024 total revenue range to $2.397 billion to $2.399 billion and its non-GAAP EPS outlook to $3.69, and it named Abhey Lamba as Chief Financial Officer.
Total revenue was $609 million, up from $558 million; subscriptions revenue was $583 million, up 10%.
GAAP net loss per share was ($0.09), compared with ($0.45) a year earlier; diluted non-GAAP EPS was $0.95, compared with $0.78.
Full-year 2024 non-GAAP EPS guidance was raised to $3.69, and free cash flow guidance was raised to $400 million to $405 million.
Abhey Lamba was appointed Chief Financial Officer.
A10 Networks reported third-quarter 2024 revenue of $66.7 million, up from $57.8 million a year earlier, and GAAP net income of $12.6 million, or $0.17 per diluted share, compared with $6.5 million, or $0.09, in the prior-year quarter. The Board also approved a $0.06 quarterly dividend and a new repurchase program of up to $50 million of common stock, and the filing contains no updated revenue or profit guidance.
Q3 2024 revenue was $66.7 million versus $57.8 million in Q3 2023; nine-month revenue was $187.5 million versus $181.3 million.
GAAP net income was $12.6 million ($0.17 per diluted share) versus $6.5 million ($0.09) a year earlier; non-GAAP EPS was $0.21 versus $0.16.
The Board approved a $0.06 per share quarterly dividend, payable December 2, 2024, to holders of record on November 18, 2024.
A new repurchase program authorizes up to $50 million of common stock, with no specified term; the company plans to fund it from existing cash and operating cash flow.
PDF Solutions reported third-quarter 2024 revenue of $46.4 million, up 10% from a year earlier, with GAAP net income of $2.2 million, or $0.06 per diluted share, compared with a net loss a year earlier. CEO John Kibarian said the company now expects fourth-quarter revenue to grow year over year in line with its 20% long-term growth target, and the company noted the results are preliminary until its Form 10-Q is filed.
Total revenues of $46.4 million, up from $42.4 million in Q3 2023 and $41.7 million in Q2 2024
Analytics revenue of $44.8 million, up 13% year over year; Integrated Yield Ramp revenue of $1.7 million, down from $2.9 million a year earlier
GAAP net income of $2.2 million ($0.06 per diluted share) versus a net loss of $5.0 million ($0.13 per share) in Q3 2023; non-GAAP diluted EPS of $0.25 versus $0.20
Fourth-quarter revenue expected to grow year over year in line with the 20% long-term revenue growth target
Saul Centers reported third-quarter 2024 results for the quarter ended September 30, 2024, with total revenue up to $67.3 million from $63.8 million and net income available to common stockholders up to $11.7 million, or $0.48 per share, from $10.0 million, or $0.42 per share. Diluted FFO per share rose to $0.83 from $0.76, and commercial leasing reached 95.7% from 94.2%, which points to higher earnings from the existing portfolio for shareholders.
Q3 2024 total revenue rose to $67.3 million from $63.8 million in Q3 2023.
Net income available to common stockholders was $11.7 million, or $0.48 per diluted share, versus $0.42 a year earlier.
Diluted FFO per share was $0.83 versus $0.76; nine-month diluted FFO per share was $2.46 versus $2.33.
Commercial portfolio 95.7% leased at September 30, 2024, up from 94.2%; residential portfolio 98.8% leased.
News Corp reported fiscal first-quarter 2025 results for the three months ended September 30, 2024, with revenue of $2.58 billion, up 3%, and net income of $144 million, up from $58 million a year earlier. The company also said CFO Susan Panuccio will leave the role on January 1, 2025, and be succeeded by Lavanya Chandrashekar, while director Kelly Ayotte will not stand for re-election.
Revenue was $2.58 billion, up 3% from $2.50 billion; EPS were $0.21 versus $0.05 a year earlier
Total Segment EBITDA rose 14% to $415 million; adjusted EPS were $0.21 versus $0.16
Lavanya Chandrashekar, formerly CFO of Diageo plc, becomes CFO effective January 1, 2025; Panuccio stays as Senior Advisor through June 29, 2025
Board size will be reduced to six members after Kelly Ayotte's departure, which the filing says did not result from any disagreement with the company
Kratos reported third quarter 2024 revenue of $275.9 million, up from $274.6 million a year earlier, and GAAP net income of $3.2 million, or $0.02 per share, compared with a net loss of $1.6 million in the prior-year quarter. Operating income, Adjusted EBITDA and Adjusted EPS were lower than a year earlier, and the company affirmed its full year 2024 financial forecast.
Q3 2024 revenue was $275.9 million versus $274.6 million in Q3 2023; Unmanned Systems revenue rose to $64.2 million from $56.7 million.
GAAP net income attributable to Kratos was $3.2 million ($0.02 per share), compared with a $1.6 million loss ($0.01 per share) in Q3 2023.
Operating income was $6.5 million versus $12.2 million, and Adjusted EBITDA was $24.6 million versus $27.7 million; Adjusted EPS was $0.11 versus $0.12.
Full year 2024 guidance was affirmed, with revenue of $1,125 million to $1,150 million; the company will provide 2025 guidance with its fiscal 2024 results in late February 2025.
Alarm.com reported third-quarter 2024 results for the quarter ended September 30, 2024. Total revenue rose 8.4% to $240.5 million, and GAAP net income attributable to common stockholders rose 87.9% to $36.7 million, or $0.67 per diluted share. The company also increased its full-year 2024 guidance, which points to higher expected revenue and profitability for shareholders.
Q3 total revenue rose 8.4% to $240.5 million; SaaS and license revenue rose 9.8% to $159.3 million.
GAAP diluted earnings per share were $0.67, compared with $0.37 in the third quarter of 2023.
Full-year 2024 total revenue guidance is $933.7 million to $935.9 million; non-GAAP adjusted EBITDA guidance is $174.0 million to $176.0 million.
Cash and cash equivalents were $1.17 billion at September 30, 2024, helped by the May 2024 issuance of $500.0 million in convertible notes.
Toast reported third-quarter 2024 results, with total revenue of $1,305 million, up from $1,032 million a year earlier, and net income of $56 million, compared with a net loss of $31 million in Q3 2023. The company raised its full-year 2024 Adjusted EBITDA outlook to $352 million to $362 million, up from $285 million to $305 million.
Total revenue rose to $1,305 million in Q3 2024 from $1,032 million in Q3 2023.
Net income was $56 million, or $0.07 diluted EPS, versus a net loss of $31 million, or $(0.09) per share, a year earlier.
Full-year 2024 Adjusted EBITDA outlook raised to $352 million to $362 million, up from $285 million to $305 million.
Q4 2024 Adjusted EBITDA is expected in the range of $90 million to $100 million.
Motorola Solutions reported third-quarter 2024 sales of $2.8 billion, up 9% from a year earlier, with GAAP EPS of $3.29 (up 22%) and non-GAAP EPS of $3.74 (up 17%). The company raised its full-year 2024 revenue growth outlook to 8.25% from about 8% and its non-GAAP EPS outlook to $13.63 to $13.68 from $13.22 to $13.30.
Q3 2024 sales were $2,790 million versus $2,556 million in Q3 2023; GAAP operating earnings were $711 million, up 11%.
Software and Services segment GAAP operating earnings fell 4% to $265 million, while its sales rose 7% to $1,006 million.
Operating cash flow was $759 million and free cash flow was $702 million, compared with $714 million and $649 million a year earlier.
The company paid $164 million in dividends and reported backlog of $14.1 billion, down 1% from the year-ago quarter.
Genpact reported third-quarter 2024 revenue of $1.21 billion, up 7% year over year, and diluted EPS of $0.74, up 16%. The company raised its full-year 2024 outlook, with adjusted diluted EPS now expected at $3.23 to $3.24, up from $3.14 to $3.18 previously.
Q3 2024 net income was $133 million, up 13% year over year, and adjusted diluted EPS was $0.85, up 12%.
Full-year 2024 revenue guidance is $4.740 billion to $4.751 billion, up from prior growth guidance of about 4.0% to 5.0% as reported.
Genpact repurchased about 1.9 million common shares in the quarter for about $75 million.
Fortinet reported third-quarter 2024 results on November 7, 2024, with total revenue of $1.51 billion, up 13.0% from a year earlier, and GAAP diluted earnings of $0.70 per share, up from $0.41. The company raised its 2024 revenue and non-GAAP operating margin guidance and increased its share repurchase authorization by $1 billion, which leaves about $2.03 billion available for buybacks.
Total revenue was $1.51 billion, up 13.0% from $1.33 billion in Q3 2023; service revenue rose 19.1%.
GAAP net income was $539.9 million, compared with $322.9 million in Q3 2023; GAAP diluted EPS was $0.70 versus $0.41.
Fiscal 2024 revenue guidance is $5.856 billion to $5.916 billion, and non-GAAP operating margin guidance is 32.9% to 33.9%.
As of November 7, 2024, about $2.03 billion remained available for share repurchases.
ADMA Biologics reported third quarter 2024 revenue of $119.8 million, up 78% from a year earlier, and GAAP net income of $35.9 million, compared with $2.6 million in the prior-year quarter. The company raised its full-year 2024 and 2025 revenue, GAAP net income and Adjusted EBITDA guidance, and appointed KPMG LLP as its new independent auditor.
Q3 2024 revenue was $119.8 million versus $67.3 million in Q3 2023; corporate gross margin was 50% versus 37%.
Q3 2024 GAAP net income was $35.9 million, or $0.15 per diluted share, versus $2.6 million a year earlier.
FY 2024 revenue guidance rose to more than $415 million from more than $400 million; FY 2024 GAAP net income guidance rose to more than $120 million from $105 million.
KPMG LLP was engaged as the new independent registered public accounting firm effective November 7, 2024, succeeding CohnReznick.
Artivion reported third-quarter 2024 results on November 7, 2024. Revenue rose 9% to $95.8 million from $87.9 million a year earlier, and the GAAP net loss narrowed to $2.3 million, or $0.05 per diluted share, from $9.8 million, or $0.24 per share. The company narrowed its full-year 2024 revenue guidance to $389 million to $396 million, with the low end raised from $388 million, and kept its adjusted EBITDA outlook of $69 million to $72 million.
Q3 2024 revenue was $95.8 million, up 9% on a GAAP basis and 10% in constant currency, versus $87.9 million in Q3 2023.
GAAP net loss was $2.3 million ($0.05 per diluted share), compared with a $9.8 million loss ($0.24 per share) a year earlier; non-GAAP net income was $5.0 million ($0.12 per share).
Full-year 2024 revenue guidance narrowed to $389 million to $396 million, from $388 million to $396 million previously.
Adjusted EBITDA rose 28% to $17.7 million in Q3 2024; full-year adjusted EBITDA is still expected at $69 million to $72 million.
Protagonist Therapeutics reported third quarter 2024 results, with license and collaboration revenue of $4.7 million, compared with none in the prior-year quarter. The net loss narrowed to $33.2 million, or $0.54 per share, from $34.1 million, or $0.58 per share, a year earlier, and the company said its cash runway extends through the end of 2027.
Q3 2024 license and collaboration revenue was $4.7 million, versus $0 in Q3 2023.
Q3 2024 net loss was $33.2 million ($0.54 per share), versus $34.1 million ($0.58 per share) in Q3 2023.
Nine-month 2024 net income was $143.5 million ($2.22 per diluted share), driven by a $255.0 million Takeda upfront payment recognized in Q1 2024.
Cash, cash equivalents and marketable securities were $583.3 million at September 30, 2024, which the company says provides runway through end of 2027.
Doximity reported fiscal second-quarter results for the period ended September 30, 2024, with revenue up 20% year-over-year and net income up 44%. The company also updated its full-year fiscal 2025 guidance, with revenue now expected at $535 million to $540 million, which shareholders will want to compare with the prior outlook.
Revenue of $136.8 million, up 20% from $113.6 million a year earlier
Net income of $44.2 million, up from $30.6 million; diluted EPS of $0.22 versus $0.15
Fiscal 2025 guidance: revenue $535 million to $540 million and adjusted EBITDA $274 million to $279 million; fiscal third-quarter revenue guidance of $152 million to $153 million
Restructuring and impairment charge of $2.3 million in the quarter, compared with $7.9 million a year earlier
Expedia Group reported third-quarter 2024 revenue of $4.1 billion, up 3% from a year earlier, and GAAP diluted earnings per share of $5.04 versus $2.87, with net income attributable to the company of $684 million. The company also raised its full-year guidance, though the filing text does not give the new figures. Chief Financial Officer Julie Whalen will step down once a successor is appointed, which is expected before February 17, 2025, and she resigned from the board effective immediately.
Revenue of $4.1 billion rose 3% year over year, including a 2-point negative impact from foreign exchange; gross bookings of $27.5 billion rose 7%
GAAP diluted EPS was $5.04 versus $2.87; adjusted EPS was $6.13 versus $5.41, up 13%
Adjusted EBIT was $892 million, down 1% from $903 million
Julie Whalen will remain CFO through February 17, 2025, and she resigned from the board effective November 7, 2024
Airbnb reported third-quarter 2024 results, with revenue up 10% year-over-year to $3.7 billion and Adjusted EBITDA up 7% to $2.0 billion. Net income fell to $1.4 billion from $4.4 billion, mainly because the prior-year quarter included a $2.8 billion one-time tax benefit. The company said it expects Q4 2024 revenue of $2.39 billion to $2.44 billion and a full-year 2024 Adjusted EBITDA Margin of approximately 35.5%.
Q3 2024 revenue was $3.7 billion, up 10% year-over-year; Nights and Experiences Booked rose 8% to 122.8 million.
Q3 net income was $1.4 billion, down from $4.4 billion in Q3 2023, which included a $2.8 billion one-time tax benefit.
Q4 2024 revenue is expected to be $2.39 billion to $2.44 billion, representing growth of 8% to 10%.
The company repurchased $1.1 billion of Class A common stock in Q3 2024 and had $4.2 billion remaining under its authorization as of September 30, 2024.
DXP Enterprises reported third-quarter 2024 results in a press release dated November 4, 2024, furnished under Item 2.02 of this 8-K. Sales rose 12.8% year over year to $472.9 million and GAAP diluted EPS was $1.27, up from $0.93, while Adjusted EBITDA reached $52.4 million. Free cash flow fell to $24.4 million from $38.3 million a year earlier, and interest expense rose to $15.7 million from $12.7 million.
Sales of $472.9 million, up 12.8% from $419.2 million in Q3 2023 and up 6.1% from $445.6 million in Q2 2024
GAAP diluted EPS of $1.27 vs $0.93 in Q3 2023; Adjusted EBITDA of $52.4 million vs $44.0 million
Free cash flow of $24.4 million vs $38.3 million in Q3 2023; interest expense of $15.7 million vs $12.7 million
Total debt of $544.5 million as of September 30, 2024; company raised an incremental $105 million after repricing existing debt
Ralph Lauren reported fiscal second-quarter 2025 results with revenue up 6% to $1.7 billion and reported diluted EPS of $2.31, up from $2.19. The company raised its full-year fiscal 2025 revenue and operating margin expansion outlook, citing brand momentum, which is a positive signal for shareholders.
Second-quarter revenue rose 6% to $1.7 billion on a reported basis, with Asia up 9%, Europe up 7% and North America up 3%.
Reported diluted EPS was $2.31 versus $2.19 a year earlier; adjusted diluted EPS was $2.54, up 21%.
Full-year fiscal 2025 constant currency revenue growth is now expected at about 3% to 4%, and operating margin expansion at about 110 to 130 basis points.
The company repurchased about $100 million of Class A stock in the quarter and ended with $1.7 billion in cash and short-term investments.
ACI Worldwide reported third-quarter 2024 revenue of $452 million, up 24% from a year earlier, and net income of $81 million, up 115%. The company raised its full-year 2024 revenue and adjusted EBITDA guidance, which is the main factor for shareholders.
Q3 2024 net income was $81 million, up from $38 million in Q3 2023; adjusted EBITDA was $167 million, up 61%.
Full-year 2024 revenue guidance is now $1.567 billion to $1.601 billion, up from $1.557 billion to $1.591 billion.
Full-year 2024 adjusted EBITDA guidance is now $433 million to $448 million, up from $423 million to $438 million.
Year-to-date 2024 share repurchases totaled $128 million, with $372 million remaining on the authorization at quarter end.
Vericel reported third-quarter 2024 total revenue of $57.9 million, up 27%, and a net loss of $0.9 million, or $0.02 per diluted share, compared with a $3.7 million loss a year earlier. The company raised its full-year profitability guidance to a 72% gross margin and 22% adjusted EBITDA margin, while keeping its full-year revenue guidance of $238 to $242 million, so shareholders see stronger margins but the company still reported a net loss.
Q3 total revenue of $57.9 million, up from $45.6 million; MACI revenue $44.7 million and Burn Care revenue $13.2 million
Q3 gross margin of 72%, up from 67%; operating expenses rose to $44.1 million from $35.7 million
Q3 net loss of $0.9 million, or $0.02 per diluted share, versus $3.7 million, or $0.08 per share, in Q3 2023
Full-year profitability guidance raised to 72% gross margin and 22% adjusted EBITDA margin, from 71% and 21%; revenue guidance maintained at $238 to $242 million
Installed Building Products reported third-quarter 2024 net revenue of $760.6 million, up 7.7% from a year earlier, and net income of $68.6 million, up 0.9%. Diluted earnings per share rose 1.7% to $2.44, and the board declared a $0.35 quarterly dividend. Margins narrowed, which the company attributed to a shift toward production builders and higher insurance expense.
Net revenue of $760.6 million, up 7.7% from $706.5 million; same branch revenue up 5.2%
Net income of $68.6 million, or $2.44 per diluted share, versus $68.0 million, or $2.40, a year earlier
Quarterly cash dividend of $0.35 per share, payable December 31, 2024, to holders of record on December 15, 2024
In October 2024, the company acquired Insulation Supplies, with annual revenue of over $22 million
Datadog reported third quarter 2024 results on November 7, 2024, with revenue of $690 million, up 26% from a year earlier, and GAAP net income of $51.7 million. The company also issued fourth quarter and full year 2024 revenue guidance of $709 million to $713 million and $2.656 billion to $2.660 billion, respectively, giving shareholders a current view of expected sales.
Q3 2024 revenue was $690 million, up 26% year over year; GAAP diluted EPS was $0.14 versus $0.06 a year earlier.
Non-GAAP diluted EPS was $0.46 versus $0.36 a year earlier; GAAP operating income was $20 million.
Operating cash flow was $229 million and free cash flow was $204 million for the quarter.
Q4 2024 revenue guidance is $709 million to $713 million; full year 2024 revenue guidance is $2.656 billion to $2.660 billion.
Nexstar Media Group reported third-quarter 2024 net revenue of $1.37 billion, up 20.7% from a year earlier, driven by distribution and advertising growth. Net income rose to $180 million from $8 million, and Adjusted EBITDA reached $510 million. Revenue and profit both improved, and the company returned $233 million to shareholders in the quarter.
Net revenue of $1,366 million, up 20.7% from $1,132 million in the third quarter of 2023
Net income of $180 million versus $8 million a year earlier; diluted earnings per share of $5.27 versus $0.70
Adjusted EBITDA of $510 million, up 82.8%, with political advertising revenue of $154 million in the quarter
Returned $233 million to shareholders in the quarter, reducing shares outstanding by 3.1%
N-able reported third-quarter 2024 revenue of $116.4 million, up 8.3% year over year, and GAAP net income of $10.8 million, compared with $6.0 million a year earlier. The company raised its full-year 2024 adjusted EBITDA margin outlook to 37% and set a full-year revenue outlook midpoint of $462 million, which matters to shareholders because it signals stronger profitability and a clearer view of the year's results.
Q3 2024 total revenue was $116.4 million, up 8.3% year over year, or 7.3% on a constant currency basis.
GAAP net income was $10.8 million, or $0.06 per diluted share; non-GAAP net income was $24.3 million, or $0.13 per diluted share.
Adjusted EBITDA was $44.8 million, up 22.7% year over year, with a 38.5% margin.
Q4 2024 revenue is expected in the range of $111.5 million to $113.0 million; full-year 2024 adjusted EBITDA is expected in the range of $169.3 million to $169.8 million, about 37% of revenue.
Evergy reported third quarter 2024 GAAP earnings of $465.6 million, or $2.02 per share, up from $351.6 million, or $1.53 per share, a year earlier. The company reaffirmed its 2024 EPS guidance of $3.73 to $3.93, established 2025 guidance of $3.92 to $4.12, and introduced a 2025-2029 capital investment plan of $16.2 billion.
Q3 2024 adjusted EPS (non-GAAP) was $2.02, compared with $1.88 in Q3 2023; the company cited new retail rates, FERC regulated investments and weather-normalized demand growth, partly offset by cooler summer weather and higher depreciation.
Quarterly dividend increased 4% to $0.6675 per share, payable December 20, 2024, to shareholders of record as of November 21, 2024.
Long-term adjusted EPS growth target of 4% to 6% through 2029, with growth expected in the upper half of that range beginning in 2026.
Evergy said a unanimous settlement in its Missouri West rate case is pending approval by the Missouri Public Service Commission.
US Foods reported fiscal third-quarter 2024 results for the period ended September 28, 2024, with net sales up 6.8% to $9.7 billion and net income up 55.8% to $148 million. The company also updated its fiscal 2024 outlook, raising the low end of its Adjusted EBITDA range and narrowing its Adjusted Diluted EPS range to $3.05 to $3.15.
Net sales rose 6.8% to $9.7 billion; total case volume rose 3.8%
Net income was $148 million, or $0.61 diluted EPS; Adjusted Diluted EPS was $0.85, up 21.4%
Adjusted EBITDA rose 13.2% to $455 million; Adjusted EBITDA margin was 4.7%
FY2024 Adjusted EBITDA guidance is $1.72 billion to $1.74 billion, up from $1.69 billion to $1.74 billion; Adjusted Diluted EPS guidance is $3.05 to $3.15, down from $3.00 to $3.20
Warby Parker reported third-quarter 2024 net revenue of $192.4 million, up 13.3% year over year, and a GAAP net loss of $4.1 million, down from $17.4 million a year earlier. The company raised its full-year 2024 net revenue and Adjusted EBITDA guidance, which matters to shareholders because it signals stronger expected growth and profitability for the year.
Q3 net revenue was $192.4 million, up 13.3% from the prior year period
GAAP net loss narrowed to $4.1 million from $17.4 million; Adjusted EBITDA rose to $17.3 million, a 9.0% margin
2024 net revenue guidance raised to $765 million to $768 million, growth of about 14% to 15%
2024 Adjusted EBITDA guidance of about $73 million at the revenue midpoint, on a 9.5% margin; 40 new stores planned for the year
Strategic Education reported third quarter 2024 results for the period ended September 30, 2024, with revenue up 7.0% to $306.0 million and diluted earnings per share of $1.15, compared with $0.77 a year earlier. Net income rose to $27.7 million from $18.5 million, and the company declared a regular quarterly dividend of $0.60 per share.
Revenue rose 7.0% to $306.0 million from $285.9 million in the third quarter of 2023.
Diluted EPS was $1.15 versus $0.77; adjusted diluted EPS was $1.16 versus $0.97.
Income from operations was $36.3 million, an 11.9% margin, versus $25.6 million a year earlier.
Quarterly dividend of $0.60 per share is payable December 9, 2024 to holders of record as of December 2, 2024.
Dynatrace reported fiscal second-quarter 2025 revenue of $418 million, up 19% from a year earlier, with GAAP earnings of $0.15 per diluted share versus $0.12. The company raised its full-year fiscal 2025 total revenue guidance to $1,665 million-$1,675 million from $1,644 million-$1,658 million, which signals higher expected sales for shareholders. Quarterly free cash flow fell to $20 million from $34 million a year earlier.
Q2 total revenue of $418 million, up 19%; ARR of $1,617 million, up 20%
GAAP EPS of $0.15 vs $0.12 a year earlier; non-GAAP EPS of $0.37 vs $0.31
Fiscal 2025 total revenue guidance raised to $1,665 million-$1,675 million from $1,644 million-$1,658 million (prior guidance issued August 7, 2024)
Quarterly free cash flow of $20 million vs $34 million a year earlier; $40 million spent on share buybacks in the quarter
Moderna reported third-quarter 2024 total revenue of $1.9 billion, up from $1.8 billion a year earlier, and GAAP net income of $13 million, compared with a net loss of $3.6 billion in the prior-year quarter. The company reiterated its 2024 net product sales outlook of $3.0 to $3.5 billion, but cut its full-year research and development expense forecast and raised its capital expenditure estimate, which shareholders will weigh against the lower cash balance.
Q3 2024 total revenue was $1.9 billion, versus $1.8 billion in Q3 2023; GAAP EPS was $0.03 versus a loss of $9.53 per share.
Full-year 2024 R&D expense is now expected at $4.6 to $4.7 billion, down from a previous $4.8 billion.
Full-year 2024 capital expenditures are now expected at about $1.2 billion, up from about $0.9 billion, including about $0.4 billion for the Norwood, MA campus.
Cash, cash equivalents and investments were $9.2 billion at September 30, 2024, down from $10.8 billion at June 30, 2024.
Acushnet reported third-quarter 2024 net sales of $620.5 million, up 4.6% year over year, and Adjusted EBITDA of $107.4 million, up 8.7%. Net income attributable to Acushnet was $56.2 million, down 1.9%, while diluted EPS rose to $0.89 from $0.85. The company reaffirmed its full-year net sales guidance and raised the low end of its full-year Adjusted EBITDA range, which now sits at $395 million to $405 million.
Q3 net sales $620.5 million, up 4.6% (5.0% in constant currency), driven by Titleist golf clubs, which rose 18.2%
Q3 net income attributable to Acushnet $56.2 million, down 1.9%; diluted EPS $0.89 vs. $0.85 a year earlier
Full-year 2024 Adjusted EBITDA now expected at $395 million to $405 million, compared with $385 million to $405 million previously
Full-year 2024 net sales guidance of $2,450 million to $2,500 million reaffirmed; quarterly dividend of $0.215 per share payable December 20, 2024
YETI reported fiscal third-quarter 2024 results for the period ended September 28, 2024. Net sales rose 10% to $478.4 million, GAAP diluted EPS rose 35% to $0.66, and adjusted EPS rose 18% to $0.71. The company narrowed its fiscal 2024 adjusted EPS outlook to approximately $2.65, the high end of its prior $2.61 to $2.65 range.
Q3 net sales rose 10% to $478.4 million; Direct-to-consumer sales rose 8% to $280.8 million and wholesale rose 14% to $197.6 million.
Diluted EPS rose 35% to $0.66 (GAAP) and adjusted EPS rose 18% to $0.71 for the quarter.
Fiscal 2024 adjusted EPS outlook is approximately $2.65, versus a previous range of $2.61 to $2.65; adjusted sales growth outlook is approximately 9%.
Capital expenditures outlook was set at approximately $50 million, versus a previous range of $50 million to $60 million.
Clear Secure reported third-quarter 2024 revenue of $198.4 million, up 23.7% from a year earlier, and net income of $38.0 million, or $0.25 per share, compared with $0.17 per share in the third quarter of 2023. Free cash flow was negative $37.9 million, reflecting an annual outflow of approximately $182 million to its credit card partner, and the company guided fourth-quarter 2024 revenue to $202 million to $204 million.
Q3 2024 revenue $198.4 million, up 23.7%; Total Bookings $227.5 million, up 18.7%
Net income $38.0 million, or $0.25 per share, versus $26.9 million, or $0.17 per share, in Q3 2023
Free cash flow was negative $37.9 million, including an annual outflow of approximately $182 million to a credit card partner
Q4 2024 guidance: revenue of $202 million to $204 million and Total Bookings of $224 million to $226 million; full-year Free Cash Flow growth of at least 40% versus 2023
Haemonetics reported second-quarter fiscal 2025 revenue of $345.5 million, up 8.6%, and GAAP diluted EPS of $0.66, up from $0.48 a year earlier. The company reaffirmed its fiscal 2025 adjusted EPS guidance of $4.45 to $4.75, while its organic revenue growth guidance was raised to 1% to 4% from 0% to 3%, and operating cash flow fell to $48.8 million from $99.1 million.
Q2 fiscal 2025 revenue was $345.5 million, up 8.6%; organic revenue rose 3.7%
GAAP net income was $33.8 million, or $0.66 per diluted share, versus $24.9 million, or $0.48, a year earlier
Adjusted EPS was $1.12, up 13.1%; fiscal 2025 adjusted EPS guidance of $4.45 to $4.75 was reaffirmed
Operating cash flow was $48.8 million versus $99.1 million, and free cash flow was $37.0 million versus $75.0 million
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