528 material Form 8-K filings that 462 companies we cover made with the SEC in January 2025, 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).
Phillips 66 reported fourth-quarter 2024 earnings of $8 million, or $0.01 per share, and an adjusted loss of $61 million, or $0.15 per share, compared with adjusted earnings of $859 million in the third quarter. The company said results were hit by $230 million in pre-tax accelerated depreciation tied to the Los Angeles Refinery, and full-year 2024 earnings fell to $2.1 billion, or $4.99 per share, from $7.0 billion in 2023.
Q4 2024 reported earnings were $8 million ($0.01 per share) versus $346 million in Q3 2024; adjusted loss was $61 million ($0.15 per share).
Refining adjusted pre-tax loss widened to $759 million, including accelerated depreciation tied to the Los Angeles Refinery.
Full-year 2024 earnings were $2.1 billion ($4.99 per share) and adjusted earnings were $2.6 billion ($6.15 per share).
Returned $1.1 billion to shareholders in Q4 through dividends and share repurchases; the company set new targets through 2027, including returning over 50% of operating cash flow to shareholders.
LyondellBasell reported a fourth-quarter 2024 net loss of $603 million, or $1.87 per diluted share, compared with net income of $185 million in the same quarter of 2023. Sales and other operating revenues were $9,497 million, down from $9,929 million a year earlier, and the company recorded $1,065 million of pre-tax asset write-downs. The filing also announced that Agustin Izquierdo will succeed Michael McMurray as chief financial officer effective March 1, 2025.
Q4 2024 net loss of $603 million, or $1.87 per share, versus net income of $185 million in Q4 2023
Q4 2024 sales and other operating revenues of $9,497 million, versus $9,929 million in Q4 2023
Full-year 2024 net income of $1,367 million, or $4.15 per share, versus $2,121 million in 2023
Agustin Izquierdo to succeed Michael McMurray as CFO effective March 1, 2025
Dorian LPG reported fiscal third-quarter results for the three months ended December 31, 2024, with revenue of $80.7 million, down 50.5% from $163.1 million a year earlier, mainly due to lower spot charter rates. Net income fell to $21.4 million, or $0.50 per diluted share, from $100.0 million, or $2.47, and the company declared an irregular dividend of $0.70 per share, payable February 27, 2025.
Revenue of $80.7 million, down $82.4 million or 50.5% from the prior-year quarter
Net income of $21.4 million, or $0.50 per diluted share, versus $100.0 million, or $2.47, a year earlier
Time charter equivalent rate of $36,071 per available day, down 49.9% from $71,938
Irregular dividend of about $30.0 million, or $0.70 per share, payable on or about February 27, 2025 to holders of record as of February 5, 2025
Adtalem Global Education Inc. (NYSE: ATGE) reported second quarter fiscal 2025 results on January 30, 2025, with revenue up 13.9% and diluted EPS of $1.98 versus $0.98 a year earlier. The company raised its fiscal 2025 revenue and adjusted EPS guidance, and the filing was made by Adtalem, not Covista Inc. (CVSA) as named in the request.
Revenue of $447.7 million, up 13.9% year-over-year; total enrollment of 91,264, up 11.6%
Diluted EPS of $1.98 versus $0.98 prior year; adjusted EPS of $1.81 versus $1.23
Fiscal 2025 revenue guidance raised to $1,730 million to $1,760 million; adjusted EPS guidance of $6.10 to $6.30
Repurchased $38 million of shares; $140 million remains under the $300 million authorization through January 2027
Deckers reported third-quarter fiscal 2025 results for the period ended December 31, 2024, with net sales up 17.1% to $1.827 billion and diluted EPS up to $3.00 from $2.52. The company raised its full-year fiscal 2025 revenue growth outlook to approximately 15% and its diluted EPS outlook to $5.75 to $5.80, which matters to shareholders because both headline measures improved and guidance moved higher.
Q3 net sales rose 17.1% to $1.827 billion; UGG brand sales rose 16.1% to $1.244 billion and HOKA brand sales rose 23.7% to $530.9 million
Q3 diluted EPS was $3.00 versus $2.52 a year earlier; operating income was $567.3 million versus $487.9 million
Full-year fiscal 2025 net sales are now expected to rise about 15% to $4.9 billion, and diluted EPS is now expected at $5.75 to $5.80
Company repurchased about 275 thousand shares for $44.7 million in the quarter and had about $640.7 million left under its repurchase authorization
PulteGroup reported fourth-quarter 2024 net income of $913 million, or $4.43 per diluted share, up from $711 million, or $3.28 per share, a year earlier. The result included a $255 million pre-tax insurance benefit, and home sale gross margin fell to 27.5%. The board also approved a $1.5 billion increase to the share repurchase authorization, which leaves $2.1 billion available, giving shareholders a larger capacity for buybacks.
Q4 net income was $913 million, or $4.43 per diluted share, including a $255 million pre-tax insurance benefit worth $0.93 per share; the prior-year quarter was $3.28 per share.
Home sale revenues rose 13% to $4.7 billion, driven by a 6% increase in closings to 8,103 homes.
Home sale gross margin was 27.5%, down from 28.9%; net new orders were 6,167 homes, compared with 6,214 a year earlier.
The board approved a $1.5 billion increase to the share repurchase authorization, leaving $2.1 billion remaining, as announced in a separate January 30, 2025 release.
Allegro MicroSystems reported fiscal third-quarter net sales of $177.9 million, down 30% from $255.0 million a year earlier and down from $187.4 million in the prior quarter, and posted a GAAP diluted loss of $0.04 per share versus earnings of $0.17. For the fourth quarter ending March 28, 2025, the company expects net sales of $180 million to $190 million and non-GAAP diluted EPS of $0.03 to $0.07.
Net sales were $177.9 million for the quarter ended December 27, 2024, versus $255.0 million a year earlier, and $187.4 million in the September 27, 2024 quarter.
GAAP diluted EPS was $(0.04) versus $0.17 a year earlier; non-GAAP diluted EPS was $0.07 versus $0.32.
Fourth-quarter guidance calls for net sales of $180 million to $190 million and non-GAAP diluted EPS of $0.03 to $0.07.
Interest expense is now expected to be about $6 million, reflecting the expected term loan repricing and a $30 million fourth-quarter debt repayment.
Comcast reported fourth-quarter 2024 revenue of $31.9 billion, up 2.1%, and adjusted earnings per share of $0.96, up 13.9%. For the full year, revenue was $123.7 billion, up 1.8%, and adjusted EPS was $4.33, up 9.0%. The company also raised its annualized dividend to $1.32 per share for 2025 and increased its share repurchase authorization to $15 billion.
Q4 revenue $31.9 billion, up 2.1%; full-year revenue $123.7 billion, up 1.8%
Q4 adjusted EPS $0.96, up 13.9%; full-year adjusted EPS $4.33, up 9.0%
Q4 net income attributable to Comcast $4.8 billion, up 46.6%, including a $1.9 billion income tax benefit from an internal corporate reorganization
Annualized dividend raised to $1.32 per share for 2025; share repurchase authorization increased to $15 billion
L3Harris reported fourth-quarter 2024 revenue of $5.5 billion, up 3%, and GAAP diluted EPS of $2.37, compared with $0.83 a year earlier. The company also issued 2025 guidance of $21.8 billion to $22.2 billion in revenue and non-GAAP diluted EPS of $10.55 to $10.85, but that EPS measure now excludes amortization of acquisition-related intangible assets, so it is not directly comparable with the prior $13.70 to $14.00 outlook.
Q4 2024 revenue $5.5 billion, up 3%; operating income $569 million vs $154 million a year earlier
Q4 2024 non-GAAP diluted EPS $3.47, up 4% from $3.35
2025 revenue guidance $21.8 billion to $22.2 billion; non-GAAP diluted EPS guidance $10.55 to $10.85 on the revised basis, vs prior $13.70 to $14.00
2025 adjusted free cash flow guidance $2.4 billion to $2.5 billion vs $2.3 billion in 2024
Blackstone reported fourth quarter 2024 results, with GAAP net income attributable to Blackstone of $704 million, up from $152 million a year earlier, and total revenues of $3.08 billion, up from $1.29 billion. For the full year, net income attributable to Blackstone was $2.8 billion, and the firm declared a quarterly dividend of $1.44 per share.
Q4 2024 diluted EPS was $0.92, compared with $0.20 in Q4 2023
Fee Related Earnings were $1.8 billion ($1.50 per share) in the quarter, and Distributable Earnings were $2.2 billion ($1.69 per share)
Total assets under management reached $1,127.2 billion, up 8% from a year earlier
Quarterly dividend of $1.44 per share, record date February 10, 2025, payable February 18, 2025
Bread Financial reported fourth quarter 2024 net income of $7 million, or $0.14 per diluted share, down from $43 million, or $0.87, a year earlier, as revenue fell 9% to $926 million. The company also gave 2025 guidance, including a net loss rate of 8.0% to 8.2%, and declared a $0.21 quarterly dividend, which matters to shareholders because the earnings decline is steep even though the outlook assumes no late fee reduction under the CFPB rule.
Q4 2024 net income $7 million and $0.14 diluted EPS, versus $43 million and $0.87 in Q4 2023 (total company)
Q4 2024 revenue $926 million, down 9% from $1,017 million; full year 2024 net income $277 million versus $718 million
2025 outlook: net loss rate of 8.0% to 8.2%, with the outlook assuming no late fee reduction related to the CFPB late fee rule
Quarterly dividend of $0.21 per share, payable March 21, 2025, to holders of record on February 14, 2025
Cardinal Health reported fiscal second-quarter 2025 revenue of $55.3 billion, down 4% from a year earlier, though revenue rose 16% excluding a previously communicated large customer contract expiration. Non-GAAP diluted EPS rose 2% to $1.93, and the company raised its fiscal 2025 non-GAAP EPS guidance to $7.85 to $8.00 while completing its majority acquisition of GI Alliance.
Q2 revenue $55.3 billion, down 4%; GAAP diluted EPS $1.65, up 10%; non-GAAP diluted EPS $1.93, up 2%
Fiscal 2025 non-GAAP EPS guidance raised to $7.85 to $8.00, from $7.75 to $7.90
Interest and other expense outlook raised to $200 million to $230 million, from $140 million to $170 million
GMPD segment profit guidance lowered to $130 million to $150 million, from $140 million to $175 million, due to a WaveMark receivables write-off
CNX Resources reported a fourth-quarter 2024 net loss of $144.6 million, or $0.97 per diluted share, compared with net income of $514.0 million, or $2.76 per diluted share, in the fourth quarter of 2023. The company's total revenue fell to $136.6 million from $968.8 million, mainly because of a $283.0 million loss on commodity derivative instruments, so shareholders face a sharp drop in reported earnings although the company also reported adjusted EBITDAX of $280 million.
Q4 2024 net loss of $144.6 million, or $0.97 per diluted share, versus net income of $514.0 million, or $2.76 per diluted share, in Q4 2023
Q4 2024 total revenue and other operating income of $136.6 million, versus $968.8 million in Q4 2023
Q4 2024 adjusted EBITDAX of $280 million, versus $262 million in Q4 2023; full-year 2024 net loss of $90.5 million
2025 guidance for adjusted EBITDAX of $1,090 million to $1,130 million; Apex Energy acquisition closed January 27, 2025, with a $505 million purchase price
Avery Dennison reported preliminary, unaudited fourth-quarter and full-year 2024 results, with fourth-quarter reported EPS of $2.16 versus $1.77 a year earlier and full-year reported EPS of $8.73 versus $6.20. The company also guided to 2025 reported EPS of $9.55 to $9.95 and adjusted EPS of $9.80 to $10.20. The filing also states the company will switch to a calendar-year fiscal year, with 2025 ending December 31, 2025.
Q4 2024 net sales were $2.2 billion, up 3.6%, with reported EPS of $2.16 and adjusted EPS of $2.38, up 10%
Full-year 2024 net sales were $8.8 billion, up 4.7%, with adjusted EPS of $9.43, up 19%
2025 guidance: reported EPS of $9.55 to $9.95; adjusted EPS of $9.80 to $10.20, excluding an estimated $0.25 per share of restructuring and other items
Audit Committee approved moving to a calendar-year fiscal year; the 2025 fiscal year began December 29, 2024 and ends December 31, 2025
Dynatrace reported fiscal third-quarter 2025 results for the quarter ended December 31, 2024, with total revenue up 19% to $436 million and non-GAAP EPS of $0.37 versus $0.32 a year earlier. The company raised its fiscal 2025 total revenue and non-GAAP net income guidance, but cut the midpoint of its ARR guidance by $18 million, and GAAP EPS of $1.19 includes a $320.9 million income tax benefit from an intra-entity IP transfer.
Total revenue of $436 million, up 19%; ARR of $1,647 million, up 16%
GAAP diluted EPS of $1.19 includes a $320.9 million income tax benefit ($1.06 per share) from an intra-entity IP transfer; non-GAAP diluted EPS was $0.37 versus $0.32
Fiscal 2025 total revenue guidance raised to $1,686 million-$1,691 million from $1,665 million-$1,675 million; ARR guidance midpoint lowered by $18 million to $1,705 million-$1,715 million
Q3 share repurchases of $40 million for 732,000 shares under a $500 million program
Lazard reported full-year 2024 U.S. GAAP net revenue of $3,052 million, up 21% from 2023, and net income of $280 million, or $2.68 per diluted share, compared with a 2023 loss of $0.90 per share. Fourth-quarter 2024 net revenue was $817 million, up 1%, and fourth-quarter diluted EPS was $0.80, up 23%. The company also declared a $0.50 quarterly dividend and said it may accelerate some employee deferred incentive award vesting into February 2025.
Full-year 2024 Financial Advisory net revenue was $1,756 million, up 27%; Asset Management net revenue was $1,187 million, up 3%.
Full-year 2024 adjusted diluted EPS was $2.34, compared with $0.77 in 2023; fourth-quarter adjusted diluted EPS was $0.78, compared with $0.66.
Lazard declared a quarterly dividend of $0.50 per share on January 29, 2025, payable February 21, 2025, to holders of record on February 10, 2025.
Ending AUM was $226 billion at December 31, 2024, down 8% from December 31, 2023.
Brunswick reported fourth-quarter 2024 net sales of $1,154.9 million, down from $1,361.9 million a year earlier, and a GAAP diluted loss of $(1.07) per share compared with earnings of $1.03 per share in the prior-year quarter. For full-year 2024, GAAP diluted EPS fell 63.9% to $2.21, and adjusted diluted EPS fell 48.1% to $4.57, while the company guided to 2025 net sales of $5.2 billion to $5.6 billion and adjusted diluted EPS of $3.50 to $5.00.
Q4 2024 net sales were $1,154.9 million, down 15.2% from $1,361.9 million in Q4 2023.
Q4 2024 GAAP diluted EPS was $(1.07), versus $1.03 a year earlier; as adjusted EPS was $0.24, down 83.4%.
Full-year 2024 GAAP diluted EPS was $2.21, down 63.9%; as adjusted diluted EPS was $4.57, down 48.1%.
2025 guidance calls for net sales of $5.2 billion to $5.6 billion and adjusted diluted EPS of $3.50 to $5.00; first-quarter 2025 adjusted EPS is guided to $0.15 to $0.25.
The Cigna Group reported fourth quarter and full-year 2024 results on January 30, 2025. Full-year revenue rose 27% to $247.1 billion and adjusted income rose 4% to $7.7 billion, but fourth-quarter adjusted income fell 8% on higher stop loss medical costs at Cigna Healthcare, and GAAP net income fell to $3.4 billion from $5.2 billion after a $2.7 billion VillageMD impairment. The company projects 2025 adjusted income of at least $7.9 billion, or $29.50 per share, and raised its quarterly dividend 8% to $1.51 per share.
Q4 2024 shareholders' net income was $1.4 billion ($5.13 per share), versus $1.0 billion ($3.49 per share) in Q4 2023; Q4 adjusted income was $1.8 billion ($6.64 per share), versus $2.0 billion ($6.79 per share).
Full-year 2024 shareholders' net income of $3.4 billion ($12.12 per share) included a non-cash after-tax loss of $2.7 billion ($9.53 per share) tied to the VillageMD impairment.
2025 adjusted income from operations is projected at least $7.9 billion, or at least $29.50 per share.
Quarterly dividend raised 8% to $1.51 per share, payable March 20, 2025; total share repurchase authorization is $10.3 billion after a $6.0 billion increase.
UPS reported fourth-quarter 2024 revenue of $25.3 billion, up 1.5% from a year earlier, and diluted EPS of $2.01 on a GAAP basis, compared with $1.87 a year earlier. The company also forecast 2025 consolidated revenue of about $89.0 billion, below its $91.1 billion for 2024, and an operating margin of about 10.8%, after announcing an agreement in principle to cut volume from its largest customer by more than 50% by the second half of 2026.
Q4 2024 consolidated revenue was $25.3 billion, up 1.5%; operating profit was $2.9 billion, up 18.1%
GAAP diluted EPS was $2.01 versus $1.87 a year earlier; non-GAAP adjusted diluted EPS was $2.75 versus $2.47
2025 outlook: revenue of about $89.0 billion and operating margin of about 10.8%, versus full-year 2024 revenue of $91.1 billion
Efficiency Reimagined and network reconfiguration target about $1.0 billion in annualized savings; Q4 charges totaled $639 million, or $0.74 per diluted share
Dow Inc. reported fourth-quarter 2024 net sales of $10.4 billion, down 2% from a year earlier, and a GAAP net loss of $35 million, or $0.08 per share. Operating earnings per share were $0.00, compared with $0.43 a year earlier, and operating EBIT fell $105 million to $454 million. The company also said it will cut costs by $1 billion and reduce 2025 capital spending by $300 million to $500 million.
Net sales were $10.4 billion, down 2% year-over-year; volume rose 1% while local price fell 3%.
GAAP net loss was $35 million ($0.08 per share), narrower than the $95 million loss a year earlier; significant items totaling $0.08 were mainly restructuring and efficiency costs.
Full-year 2024 GAAP net income was $1.2 billion, up from $660 million in 2023, while operating EBIT was $2.6 billion, down from $2.8 billion.
Dow plans $1 billion of targeted cost reductions and 2025 capital spending cuts of $300 million to $500 million.
Tetra Tech reported first-quarter fiscal 2025 results, with revenue up 16% year over year to $1.42 billion and net revenue up 18% to $1.20 billion. GAAP EPS fell to $0.00 from $0.28 because of a $115 million legal contingency charge, while adjusted EPS rose 25% to $0.35. The company raised the high end of its fiscal 2025 adjusted EPS guidance and reaffirmed the midpoint, while noting it has paused some U.S. federal government work, particularly with USAID.
Q1 revenue $1.42 billion, up 16% year over year; net revenue $1.20 billion, up 18%
GAAP EPS $0.00 versus $0.28 a year earlier, including a $115 million legal contingency charge; adjusted EPS $0.35, up 25%
Fiscal 2025 adjusted EPS guidance of $1.37 to $1.52, with the high end raised and the midpoint reaffirmed
Quarterly dividend of $0.058 per share payable February 26, 2025, to holders of record on February 12, 2025
United Rentals reported fourth-quarter 2024 total revenue of $4.095 billion, up from $3.728 billion a year earlier, and net income of $689 million, up 1.5%. Net income margin fell 140 basis points to 16.8%, and the company's 2025 outlook projects total revenue of $15.6 billion to $16.1 billion, excluding the pending H&E acquisition. The company also raised its quarterly dividend 10% to $1.79 per share and paused share repurchases while the H&E deal is pending, with closing expected in the first quarter of 2025.
Q4 2024 total revenue $4.095 billion vs $3.728 billion a year earlier; diluted EPS $10.47 vs $10.01; adjusted EPS $11.59
Net income margin fell 140 basis points to 16.8%; adjusted EBITDA margin fell 210 basis points to 46.4%
2025 outlook: total revenue $15.6 billion to $16.1 billion; adjusted EBITDA $7.2 billion to $7.45 billion; excludes pending H&E acquisition
Quarterly dividend raised 10% to $1.79 per share, payable February 26, 2025; share repurchases paused, with about $250 million of authorization remaining
Western Digital reported fiscal second quarter 2025 revenue of $4.29 billion, up 5% from the prior quarter and 41% from a year earlier, with GAAP diluted earnings per share of $1.63 compared with a loss of $0.93 a year earlier. The company guided fiscal third quarter revenue to $3.75 billion to $3.95 billion and non-GAAP EPS to $0.90 to $1.20, below the second quarter's $1.77 non-GAAP EPS, which matters to shareholders because the outlook points to lower results ahead while the company finalizes the separation of its HDD and Flash businesses.
Q2 revenue was $4.29 billion, up 5% sequentially and 41% year over year; Cloud revenue was $2.3 billion, up 6% sequentially.
Q2 GAAP diluted EPS was $1.63 and non-GAAP EPS was $1.77; GAAP gross margin fell to 35.4% from 37.9% in Q1.
Q3 fiscal 2025 guidance: revenue of $3.75 billion to $3.95 billion and non-GAAP diluted EPS of $0.90 to $1.20.
Operating cash inflow was $403 million, and the company ended the quarter with $2.29 billion in cash and cash equivalents.
ServiceNow reported fourth-quarter 2024 total revenues of $2,957 million, up 21% year over year, and full-year 2025 subscription revenue guidance of $12,635 million to $12,675 million, growth of 18.5% to 19%. The board also authorized an additional $3.0 billion in share repurchases, which the company says is aimed at managing dilution.
Q4 2024 GAAP net income was $384 million, or $1.86 per basic share and $1.83 per diluted share.
FY 2025 GAAP subscription revenue guidance is 18.5% to 19% year-over-year growth, compared with 23% GAAP subscription revenue growth in 2024.
Board authorized $3.0 billion in additional repurchases; about $266 million remained under the original $1.5 billion program as of December 31, 2024.
Q1 2025 GAAP subscription revenue guidance is $2,995 million to $3,000 million.
First Bancorp reported fourth-quarter 2024 net income of $3.6 million, or $0.08 diluted EPS, down from $18.7 million ($0.45) in the prior quarter and $29.7 million ($0.72) a year earlier. The results include a $36.8 million loss from a securities loss-earnback transaction, and the company also reported adjusted diluted EPS of $0.76 for the quarter. For shareholders, reported profit fell sharply, while the company's adjusted measures and net interest income rose.
Q4 2024 net income was $3.6 million, or $0.08 diluted EPS, versus $18.7 million ($0.45) in Q3 2024 and $29.7 million ($0.72) in Q4 2023.
A $36.8 million loss on securities from a loss-earnback transaction reduced noninterest income to negative $23.2 million for the quarter.
Adjusted diluted EPS was $0.76 for Q4 2024, up from $0.70 in Q3 2024, according to the company's non-GAAP reconciliation.
Full-year 2024 net income was $76.2 million, or $1.84 diluted EPS, compared with $104.1 million, or $2.53, in 2023.
Brinker International reported second quarter fiscal 2025 results for the period ended December 25, 2024, with total revenues of $1,358.2 million and net income of $118.5 million, both up from the prior-year quarter. The company also issued updated fiscal 2025 guidance, with total revenues expected at $5.15 billion to $5.25 billion and non-GAAP EPS expected at $7.50 to $8.00.
Total revenues were $1,358.2 million versus $1,074.1 million a year earlier; Chili's comparable restaurant sales rose 31.4%.
Net income was $118.5 million, or $2.61 per diluted share, versus $42.1 million, or $0.94, a year earlier.
Non-GAAP EPS excluding special items was $2.80 versus $0.99 in the prior-year quarter.
Updated fiscal 2025 guidance: total revenues of $5.15 billion to $5.25 billion and non-GAAP EPS of $7.50 to $8.00; the filing does not state prior guidance figures.
VF Corp reported third-quarter fiscal 2025 revenue of $2.83 billion, up 2% from a year earlier, and swung to diluted earnings of $0.43 per share from a loss of $0.24. The company guided fourth-quarter revenue down 4% to 6% and an adjusted operating loss of $(30) million to $0, while raising its fiscal 2025 free cash flow guidance to $440 million.
Q3 fiscal 2025 revenue was $2.83 billion, up 2% from $2.78 billion in Q3 fiscal 2024.
Q3 operating income was $226 million, compared with a loss of $91 million a year earlier; diluted EPS was $0.43 versus $(0.24).
Q4 fiscal 2025 guidance: revenue down 4% to 6% versus last year and an adjusted operating loss of $(30) million to $0 million.
Fiscal 2025 free cash flow guidance raised to $440 million from $425 million; quarterly dividend of $0.09 per share payable March 20, 2025.
RenaissanceRe reported a fourth-quarter 2024 net loss attributable to common shareholders of $198.5 million, or $(3.95) per diluted share, compared with net income of $1.58 billion in the fourth quarter of 2023. For full-year 2024, net income attributable to common shareholders was $1.8 billion ($35.21 per diluted share), down from $2.5 billion in 2023, while operating income rose to $2.2 billion. The company also estimated a pre-tax net negative impact of approximately $750 million from the California wildfires in the first quarter of 2025.
Q4 2024 net loss of $198.5 million, or $(3.95) per diluted share, versus net income of $1.58 billion in Q4 2023
Full-year 2024 net income of $1.8 billion ($35.21 per diluted share) versus $2.5 billion in 2023; operating income of $2.2 billion ($42.99 per diluted share) versus $1.8 billion
Hurricane Milton had a net negative impact of $270.5 million on Q4 2024 net income
Estimated pre-tax net negative impact of approximately $750 million from the California wildfires in Q1 2025, based on a $50 billion aggregate industry insured loss
Trustmark reported fourth-quarter 2024 net income of $56.3 million, or $0.92 per diluted share, up $5.0 million from the prior quarter and up from $36.1 million a year earlier. The Board raised the regular quarterly dividend 4.3% to $0.24 per share and the company resumed share repurchases, buying back $7.5 million of stock in the quarter, which the company says reflects improved profitability and capital levels.
Q4 2024 net income $56.3 million, diluted EPS $0.92, up from $0.84 in Q3 2024 and $0.59 in Q4 2023 (total EPS)
Full-year 2024 net income from adjusted continuing operations was $186.3 million, or $3.04 per diluted share, up 17.0% from the prior year
Quarterly dividend increased to $0.24 from $0.23, payable March 15, 2025, to holders of record on March 1, 2025
A $100.0 million repurchase program is authorized from January 1 through December 31, 2025; deposits fell 3.0% year over year to $15.1 billion
BXP, Inc. reported a fourth-quarter 2024 net loss attributable to BXP of $230.0 million, or $1.45 per diluted share, compared with net income of $83.6 million, or $0.53 per share, in the prior quarter. The loss reflects impairment charges of about $341.3 million on investments in three unconsolidated joint ventures, while diluted FFO per share declined slightly to $1.79 from $1.81. Shareholders should note the impairment-driven loss and the 2025 guidance of $6.77 to $6.95 in diluted FFO per share.
Q4 2024 net loss attributable to BXP, Inc. of $230.0 million, or $1.45 per diluted share, versus $0.53 per share in Q3 2024
Impairment charges of about $341.3 million related to three unconsolidated joint ventures
Q4 2024 total revenue of $858.6 million versus $859.2 million in Q3 2024; diluted FFO per share of $1.79 versus $1.81
2025 guidance: full-year diluted FFO per share of $6.77 to $6.95 and first-quarter 2025 diluted FFO per share of $1.63 to $1.65
Stride reported second-quarter fiscal 2025 revenue of $587.2 million, up 16.3%, and net income of $96.4 million, or $2.03 per diluted share, compared with $1.54 a year earlier. The company raised its full-year fiscal 2025 revenue forecast to $2.320 billion to $2.355 billion and its adjusted operating income forecast to $430 million to $450 million, which points to continued growth for shareholders.
Revenue of $587.2 million for the quarter ended December 31, 2024, compared with $504.9 million a year earlier
Net income of $96.4 million, or $2.03 per diluted share, versus $66.8 million, or $1.54 per diluted share
Full-year fiscal 2025 revenue outlook raised to $2.320 billion to $2.355 billion; adjusted operating income outlook of $430 million to $450 million
Second-quarter enrollments averaged 230.6K, up 19.4% from 193.1K a year earlier
F5 reported first-quarter fiscal 2025 revenue of $766 million, up 11% from $693 million a year earlier, and GAAP net income of $166 million, or $2.82 per diluted share, compared with $2.32 a year earlier. The company raised its fiscal 2025 revenue growth expectation to 6% to 7% from 4% to 5%, and its non-GAAP earnings per share growth expectation to 6.5% to 8.5% from 5% to 7%.
Revenue reached $766 million, up from $693 million; software revenue rose 22%, systems revenue rose 18%, and global services revenue rose 3%.
GAAP earnings were $2.82 per diluted share versus $2.32; non-GAAP earnings were $3.84 per diluted share versus $3.43.
Fiscal 2025 revenue growth guidance was raised to 6% to 7%, up from 4% to 5%.
Second-quarter fiscal 2025 guidance calls for revenue of $705 million to $725 million and non-GAAP earnings of $3.02 to $3.14 per diluted share.
Manhattan Associates reported fourth-quarter and full-year 2024 results that showed higher revenue and higher adjusted earnings per share than in 2023, while GAAP diluted EPS for the fourth quarter slipped to $0.77 from $0.78. The company's 2025 guidance projects GAAP EPS of $3.05 to $3.15 and adjusted EPS of $4.45 to $4.55, which the filing states are declines of 10% to 13% and 4% to 6%, respectively, from 2024.
Q4 2024 revenue was $255.8 million, up from $238.3 million in Q4 2023; Q4 GAAP diluted EPS was $0.77 versus $0.78, and adjusted diluted EPS was $1.17 versus $1.03.
Full-year 2024 revenue was $1,042.4 million, up from $928.7 million; GAAP diluted EPS was $3.51 versus $2.82.
2025 guidance: total revenue of $1,060 million to $1,070 million and adjusted EPS of $4.45 to $4.55.
In January 2025 the company eliminated about 100 positions and raised its share repurchase authority to $100.0 million.
General Motors reported a fourth-quarter 2024 net loss attributable to shareholders of $3.0 billion, reduced by more than $5 billion in special charges, including $4 billion of non-cash restructuring and China joint venture impairment charges and $0.5 billion tied to ending funding for the Cruise robotaxi business. Fourth-quarter revenue rose 11.0%, and full-year 2024 net income fell 40.7% to $6.0 billion, while 2025 net income guidance is $11.2 billion to $12.5 billion. For shareholders, strong operating measures are offset by large one-time charges and lower full-year GAAP profit.
Q4 2024 net loss attributable to stockholders of $3.0 billion; EPS-diluted was $(1.64) versus $1.59 a year earlier
Q4 2024 revenue rose 11.0% to $47.7 billion; EBIT-adjusted rose 42.8% to $2.5 billion
Full-year 2024 net income fell 40.7% to $6.0 billion; EBIT-adjusted rose 20.9% to $14.9 billion
2025 guidance: net income attributable to stockholders of $11.2 billion to $12.5 billion; EPS-diluted-adjusted of $11.00 to $12.00
Polaris reported fourth quarter 2024 sales of $1,755 million, down 23% from a year earlier, as the company cut shipments to manage dealer inventory in a subdued retail market. Reported diluted EPS fell 90% to $0.19, and adjusted diluted EPS fell 54% to $0.92. The company expects 2025 sales to fall 1% to 4% and adjusted EPS to fall about 65%, which signals a further sharp earnings decline for shareholders.
Q4 2024 sales were $1,755 million, down 23%; North America sales fell 26% to $1,481 million.
Full year 2024 reported diluted EPS was $1.95, down 78%; adjusted diluted EPS was $3.25, down 65%.
2025 outlook: sales down 1% to 4% and adjusted diluted EPS down approximately 65% versus 2024.
CEO Mike Speetzen said he anticipates challenging headwinds will carry forward into 2025.
Nucor reported fourth-quarter 2024 net earnings attributable to stockholders of $287 million, or $1.22 per diluted share, down from $785 million, or $3.16 per share, a year earlier. Full-year 2024 net earnings were $2.03 billion, or $8.46 per share, versus $4.53 billion, or $18.00 per share, in 2023. The company said it expects lower overall net earnings in the first quarter of 2025 because of higher corporate, administrative and tax costs.
Q4 2024 net sales were $7.08 billion, down 8% from $7.71 billion in Q4 2023 and down 5% from Q3 2024.
Full-year 2024 net sales were $30.73 billion, down 11% from $34.71 billion in 2023.
Q1 2025 outlook: steel mills and steel products earnings similar to Q4 2024; raw materials earnings expected to decrease; higher corporate, administrative and tax impacts may lower net earnings.
Nucor repurchased about 13.1 million shares in 2024 and declared a $0.55 per share quarterly dividend payable February 11, 2025.
AGNC Investment Corp. reported a fourth-quarter 2024 comprehensive loss of $(0.11) per share, versus comprehensive income of $0.64 per share in the prior quarter. Tangible net book value fell 4.6% to $8.41 per share, and the company declared a $0.36 dividend, producing a -0.6% economic return on tangible common equity for the quarter.
Net income was $0.10 per common share, down from $0.39 in the third quarter; other comprehensive loss was $(0.20) per share.
Tangible net book value per share was $8.41 as of December 31, 2024, down from $8.82 on September 30, 2024.
Net spread and dollar roll income was $0.37 per share, compared with $0.43 in the prior quarter.
The company issued 53.2 million shares through at-the-market offerings for net proceeds of $511 million.
Sanmina reported unaudited first-quarter fiscal 2025 results for the quarter ended December 28, 2024, with revenue of $2.01 billion, up from $1.87 billion a year earlier, and GAAP diluted EPS of $1.16 versus $0.98. The company guided to second-quarter revenue of $1.9 billion to $2.0 billion and non-GAAP diluted EPS of $1.30 to $1.40, and its board authorized up to $300 million in additional share repurchases, which affects shareholders through capital returns and earnings expectations.
Revenue of $2.01 billion versus $1.87 billion in the year-earlier quarter
GAAP diluted EPS of $1.16 versus $0.98; non-GAAP diluted EPS of $1.44 versus $1.30
Q2 fiscal 2025 outlook: revenue of $1.9 billion to $2.0 billion; non-GAAP diluted EPS of $1.30 to $1.40
Board authorized up to $300 million in additional buybacks; about $37 million remained available as of December 28, 2024
Moog reported fiscal first quarter 2025 net sales of $910 million, up 6% from $857 million a year earlier, and diluted EPS of $1.64, up 11% from $1.48. The company lowered its fiscal 2025 diluted EPS forecast to $8.06 from $8.20 while keeping its net sales outlook at $3.7 billion, and free cash flow was a use of $165 million in the quarter. The company also declared a 4% higher quarterly dividend of $0.29 per share, payable February 25, 2025.
Q1 2025 net sales rose 6% to $910 million, and diluted EPS rose 11% to $1.64; adjusted diluted EPS was $1.78, including $0.18 of out-of-period warranty expense.
FY 2025 diluted EPS guidance was cut to $8.06 from $8.20; net sales guidance of $3.7 billion and adjusted diluted EPS guidance of $8.20 were unchanged.
Free cash flow was a use of $165 million, compared with a use of $2 million a year earlier, driven by working capital requirements.
Board declared a quarterly dividend of $0.29 per share, payable February 25, 2025, to holders of record as of February 7, 2025.
Eastern Bankshares reported fourth-quarter 2024 net income of $60.8 million, or $0.30 per diluted share, compared with a net loss of $6.2 million in the third quarter, and operating net income rose 37% to $68.3 million. The company plans to sell and reinvest about $1.2 billion of low-yielding securities by the middle of the first quarter of 2025, which it expects to produce an after-tax non-operating loss of about $200 million, already reflected in shareholders' equity, and to add about $0.13 to 2025 operating earnings per share. The board also declared a regular quarterly dividend of $0.12 per share.
Q4 2024 net income was $60.8 million, or $0.30 per diluted share, versus a net loss of $6.2 million in Q3 2024.
Operating net income was $68.3 million, or $0.34 per diluted share, up from $49.7 million in Q3 2024.
About $1.2 billion of securities to be sold and reinvested in Q1 2025, with an after-tax non-operating loss of about $200 million already reflected in shareholders' equity; expected to add about $0.13 to 2025 operating EPS.
Quarterly dividend of $0.12 per share, payable March 14, 2025, to shareholders of record on March 3, 2025.
Twilio said preliminary fourth-quarter 2024 revenue grew about 11% year over year and that it expects positive GAAP income from operations for the quarter. Non-GAAP operating income for the quarter and full year 2024 is expected to exceed the top end of its October 30, 2024 guidance ranges. The board also authorized a $2.0 billion share repurchase program running through December 31, 2027.
Q4 2024 revenue growth of approximately 11% year over year, with positive GAAP income from operations for the quarter
Non-GAAP income from operations for Q4 and full-year 2024 above the top end of the October 30, 2024 guidance ranges
Free cash flow for fiscal 2024 within the range given on October 30, 2024
$2.0 billion share repurchase program authorized January 19, 2025, expiring December 31, 2027; prior programs expired December 31, 2024
Associated Banc-Corp reported a fourth-quarter 2024 net loss available to common equity of $164 million, or $1.03 per diluted share, compared with earnings of $85 million in the prior quarter. Full-year 2024 earnings were $112 million, or $0.72 per share, down from $171 million, or $1.13 per share, in 2023, as nonrecurring losses tied to a balance sheet repositioning weighed on results; excluding those items, adjusted full-year earnings were $367 million, or $2.38 per share.
Q4 2024 loss included a $130 million loss on a mortgage portfolio sale, a $148 million net loss on a sale of investments, and a $14 million loss on prepayments of FHLB advances
Adjusted Q4 2024 earnings were $91 million, or $0.57 per common share (non-GAAP)
2025 outlook: total net interest income growth of 12% to 13%, period end total loan growth of 5% to 6%, and noninterest expense growth of 3% to 4% (adjusted for the $14 million FHLB prepayment loss)
Period end deposits were $34.6 billion at December 31, 2024, up $1.2 billion from a year earlier; CET1 capital ratio was 10.00%
SouthState reported fourth-quarter 2024 net income of $144.2 million, or $1.87 diluted earnings per share, compared with $143.2 million and $1.86 in the prior quarter and $106.8 million and $1.39 a year earlier. The company also said it completed its merger with Independent Bank Group on January 1, 2025, and declared a quarterly dividend of $0.54 per share.
Q4 2024 net income was $144.2 million and diluted EPS was $1.87, versus $1.39 in Q4 2023; adjusted diluted EPS (non-GAAP) was $1.93
Net interest income rose to $369.8 million from $351.5 million in Q3 2024
Merger with Independent Bank Group, Inc. completed January 1, 2025
Quarterly dividend of $0.54 per share payable February 14, 2025 to holders of record as of February 7, 2025
Dime Community Bancshares reported a net loss available to common stockholders of $22.2 million, or $(0.54) per diluted share, for the quarter ended December 31, 2024, compared with net income of $11.5 million, or $0.29 per share, in the prior quarter. The loss reflected a $42.8 million pre-tax loss on the sale of securities and $9.1 million of income tax expense tied to the surrender of legacy BOLI assets, even as net interest income rose to $91.1 million. For full-year 2024, net income available to common stockholders was $21.8 million, or $0.55 per diluted share, down from $88.8 million, or $2.29, in 2023.
Q4 2024 net loss available to common stockholders was $22.2 million, or $(0.54) per diluted share, versus net income of $11.5 million, or $0.29, in Q3 2024.
Net interest income rose to $91.1 million from $79.9 million in Q3 2024; net interest margin was 2.79%, up from 2.50%.
Q4 2024 included a $42.8 million pre-tax loss on sale of securities and $9.1 million of income tax expense related to the BOLI surrender.
Full-year 2024 net income available to common stockholders was $21.8 million, or $0.55 per diluted share, compared with $88.8 million, or $2.29, in 2023.
Texas Capital Bancshares reported fourth quarter 2024 net income available to common stockholders of $66.7 million, or $1.43 per diluted share, compared with a net loss of $65.6 million in the third quarter, which included a $179.6 million loss on securities sales. For full year 2024, net income available to common stockholders fell to $60.3 million, or $1.28 per diluted share, from $171.9 million, or $3.54, in 2023. The board also authorized a share repurchase of up to $200.0 million through January 31, 2026.
Q4 2024 net income available to common stockholders was $66.7 million, or $1.43 per diluted share, versus a $65.6 million loss, or $1.41 per share, in Q3 2024 and $15.8 million, or $0.33, in Q4 2023.
Full year 2024 diluted EPS was $1.28 versus $3.54 in 2023; the company's adjusted full year EPS was $4.43 versus $3.85, a non-GAAP measure.
Q4 2024 net interest margin was 2.93%, down 23 basis points from Q3 2024.
On January 22, 2025, the board authorized a new buyback of up to $200.0 million through January 31, 2026, ending the remaining authorization under the January 17, 2024 program.
Alaska Air Group reported fourth-quarter adjusted earnings of $0.97 per share, above its prior guidance of $0.40 to $0.50, and full-year 2024 adjusted EPS of $4.87. It guided full-year 2025 adjusted EPS above $5.75 but expects a first-quarter 2025 loss of $0.50 to $0.70 per share. The company also authorized a new $1 billion share repurchase plan over four years.
Q4 2024 adjusted EPS was $0.97 versus prior guidance of $0.40 to $0.50; GAAP EPS was $0.55.
Full-year 2024 revenue was $11.7 billion; GAAP net income was $395 million, compared with $235 million in 2023.
Full-year 2025 adjusted EPS is expected to be above $5.75; Q1 2025 adjusted EPS is expected to be a loss of $0.70 to $0.50 per share.
A new $1 billion share repurchase plan begins in January 2025; about $250 million of shares were repurchased in Q4 2024.
Ally Financial reported fourth-quarter 2024 net income of $108 million, or $0.26 per share, up from $62 million a year earlier, but full-year 2024 net income fell to $668 million, or $1.80 per share, from $957 million, or $2.77, in 2023. The company also said it agreed to sell its Credit Card business, will stop new mortgage loan applications on January 31, and expects a workforce reduction to save over $60 million a year, which shareholders will weigh against the lower annual earnings.
Fourth-quarter 2024 net income $108 million, EPS $0.26, versus $62 million and $0.11 in fourth-quarter 2023
Full-year 2024 net income $668 million, EPS $1.80, versus $957 million and $2.77 in 2023
Agreement to sell Credit Card business, with a $118 million partial goodwill impairment excluded from adjusted metrics
Workforce reduction expected to save over $60 million annually, with a $22 million restructuring cost
Textron reported fourth-quarter 2024 income from continuing operations of $0.76 per share, down from $1.01 a year earlier, and adjusted EPS of $1.34 versus $1.60. For full-year 2025, it forecast GAAP EPS of $5.19 to $5.39 and adjusted EPS of $6.00 to $6.20, compared with full-year 2024 adjusted EPS of $5.48. Shareholders face weaker recent results, including a $53 million special charge and a $38 million inventory charge tied to the powersports pause, alongside a higher outlook.
Q4 2024 revenue was $3.613 billion, down from $3.892 billion; Textron Aviation revenue fell $242 million on the strike-related production disruption
Full-year 2024 GAAP EPS was $4.34, down from $4.57; adjusted EPS was $5.48, down from $5.59
2025 revenue is forecast at approximately $14.7 billion, up from $13.7 billion in 2024
Textron repurchased $1.1 billion of stock in 2024 and expects 2025 manufacturing cash flow before pension contributions of $800 million to $900 million
Progress Software reported fiscal fourth-quarter 2024 revenue of $215 million, up 21% from a year earlier, while GAAP diluted earnings per share fell to $0.03 from $0.34, a 91% decline; non-GAAP diluted EPS rose 30% to $1.33. The company guided fiscal 2025 revenue to $958 million to $970 million and GAAP diluted EPS to $1.08 to $1.23, versus $1.54 in fiscal 2024, and suspended its quarterly dividend to redirect capital toward debt repayment after completing the ShareFile acquisition on October 31, 2024.
Q4 2024 revenue $215 million, up 21% year-over-year; Annualized Recurring Revenue $842 million, up 46% on a constant currency basis
Q4 2024 GAAP diluted EPS $0.03 vs. $0.34 a year earlier; non-GAAP diluted EPS $1.33 vs. $1.02
FY 2025 revenue guidance $958 million to $970 million vs. $753 million in FY 2024; GAAP diluted EPS guidance $1.08 to $1.23 vs. $1.54
Board suspended quarterly dividend in Q4 2024 in connection with the ShareFile acquisition; cash payments for acquisitions were $852.7 million in the quarter
WaFd reported diluted earnings of $0.54 per share for the quarter ended December 31, 2024, down from $0.71 in the prior quarter and $0.85 a year earlier. The company said it will stop originating single-family mortgages and home equity lines of credit, recording $5.4 million in restructuring charges and expecting an 8% workforce reduction, which it estimates will save about $17 million in annual expenses by the end of June 2025.
Diluted EPS was $0.54 versus $0.71 for the prior quarter and $0.85 a year earlier; net income was $47.3 million, down 23% from the prior quarter.
Net interest income fell 10% to $155 million, and net interest margin dropped to 2.39% from 2.62%.
The company recorded $5.4 million in restructuring charges and expects annual expense savings of about $17 million by the end of June 2025.
Executive Vice President James Endrizzi moved to a Senior Vice President role effective January 16, 2025, and forfeits unvested awards of 37,841 restricted and performance shares.
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