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).
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
Baker Hughes reported fourth-quarter 2024 revenue of $7.4 billion, up 8% year-over-year, and GAAP diluted EPS of $1.18 versus $0.43 a year earlier, with the GAAP figure boosted by a $664 million U.S. tax valuation allowance release. Full-year 2024 revenue was $27.8 billion, up 9%, and the company said it will raise its quarterly dividend 10% to $0.23. Shareholders see higher revenue, profit and a larger dividend, though fourth-quarter operating income fell 29% sequentially after a $281 million restructuring, impairment and other charge.
Q4 2024 revenue of $7,364 million, up 8% year-over-year; orders of $7,496 million, up 9%.
GAAP diluted EPS of $1.18 vs. $0.43 a year earlier; adjusted diluted EPS of $0.70, up 37%.
Q4 GAAP income tax benefit of $398 million reflects a $664 million valuation allowance release; restructuring, impairment and other charges were $281 million.
Quarterly dividend to increase 10% to $0.23 per share; full-year 2024 adjusted diluted EPS was $2.35.
Federated Hermes reported fourth-quarter 2024 diluted EPS of $1.04, up from $0.96 a year earlier, and full-year 2024 EPS of $3.23, down from $3.40. Full-year results include a $66.3 million non-cash impairment of an intangible asset recorded in Q2 2024, which the company said reduced EPS by $0.73. Total managed assets reached a record $829.6 billion at Dec. 31, 2024.
Q4 2024 net income was $84.7 million, compared with $82.2 million in Q4 2023.
Full-year 2024 net income was $268.3 million, compared with $299.0 million in 2023, including the $66.3 million impairment charge.
Total managed assets were $829.6 billion at Dec. 31, 2024, up 10% from $757.6 billion a year earlier.
The board declared a $0.31 quarterly dividend payable Feb. 14, 2025; the company bought back 552,533 Class B shares for $22.1 million in Q4 2024.
First Horizon Corporation elected Jeffrey J. Brown, former CEO of Ally Financial, to its board on January 27, 2025, and director Harry V. Barton, Jr. said he will retire at the 2025 annual meeting. The board also amended its bylaws to increase its size from 13 to 14 members until that meeting, after which it returns to 13. These are governance changes that do not include reported financial results.
Jeffrey J. Brown, age 51, elected to the board effective immediately; he will stand for shareholder election at the 2025 annual meeting and joins the Compensation, Executive, and Risk Committees
Harry V. Barton, Jr., age 70, will retire from the board when directors are elected at the 2025 annual meeting, scheduled for April 29, 2025
Bylaw Section 3.2 amended effective immediately to set board size at 14 members until the 2025 annual meeting, then 13
Arthur J. Gallagher & Co. reported fourth quarter 2024 revenues before reimbursements of $2,680.0 million, up from $2,393.1 million a year earlier, and net earnings of $258.2 million, compared with a net loss of $39.6 million. The company also reported full year 2024 net earnings of $1,470.4 million, up from $966.0 million in 2023, and separately adopted amended and restated bylaws on January 29, 2025.
Q4 2024 diluted EPS was $1.12 as reported, versus a loss of $0.15 in Q4 2023; adjusted diluted EPS was $2.13, versus $1.82
Full year 2024 revenues before reimbursements were $11,400.6 million, versus $9,926.5 million in 2023; full year diluted EPS was $6.50, versus $4.42
Full year 2024 adjusted diluted EPS was $10.09, versus $8.70 in 2023
Amended bylaws, effective January 29, 2025, clarified meeting chairman authority, deleted the performance-related fee disclosure requirement, and allowed bylaw amendments by written consent
PennyMac Mortgage Investment Trust reported fourth-quarter 2024 net income attributable to common shareholders of $36.1 million, or $0.41 per diluted share, on net investment income of $107.9 million. For the full year, net income attributable to common shareholders fell to $119.2 million, or $1.37 per diluted share, from $157.8 million, or $1.63, in 2023.
Q4 2024 diluted EPS of $0.41, up from $0.36 in Q3 2024 but below $0.44 in Q4 2023
Full-year 2024 net investment income of $334.2 million, down from $429.0 million in 2023
Book value per common share rose to $15.87 at December 31, 2024, from $15.85 at September 30, 2024
Q4 2024 cash dividend of $0.40 per common share was paid on January 24, 2025
Adeia Inc. entered into Amendment No. 4 to its credit agreement on January 30, 2025, refinancing its existing term loans with new Refinancing Term B Loans of $487,082,812.50. The amendment lowers the interest rate margin on these loans to 2.50% per annum for SOFR loans and 1.50% for base rate loans, and the loans mature on June 8, 2028.
New Refinancing Term B Loans totaling $487,082,812.50 reprice the entire term loan amount.
SOFR loan margin reduced to 2.50% per annum; base rate loan margin reduced to 1.50% per annum.
A 1.00% prepayment premium applies to any repricing of the new loans within six months of the amendment closing date.
Loans mature June 8, 2028, the same maturity date as the prior term loans.
Ameris Bancorp reported fourth-quarter 2024 net income of $94.4 million, or $1.37 per diluted share, up from $65.9 million, or $0.96 per diluted share, a year earlier. Full-year 2024 net income was $358.7 million, or $5.19 per diluted share, compared with $269.1 million, or $3.89 per diluted share, in 2023. The company also raised its quarterly cash dividend to $0.20 per share from $0.15.
Q4 2024 adjusted net income was $95.1 million, or $1.38 per diluted share, compared with $73.6 million, or $1.07, in Q4 2023
Full-year 2024 net income of $358.7 million compared with $269.1 million in 2023
Quarterly dividend increased by $0.05, or 33.3%, to $0.20 per common share
Q4 net interest margin was 3.64%, up 13 basis points from 3.51% in Q3 2024; no shares were repurchased in Q4
Amentum's Compensation Committee approved a equity grant to CEO John Heller on January 28, 2025, consisting of 1,373,955 options and 155,938 restricted stock units. The company says the grant is meant to make up value lost when prior equity awards were converted in connection with the transaction that made Amentum a public company.
Option award: 1,373,955 options with an exercise price of $22.71, vesting ratably over three years and expiring on the fourth anniversary of the grant date
RSU award: 155,938 restricted stock units vesting ratably on the first, second and third anniversaries of the grant date
Vesting may accelerate upon qualifying termination of employment
Option award agreement filed as Exhibit 10.1; RSU form agreement was previously filed with an 8-K on November 13, 2024
Xylem said its fourth-quarter and full-year 2024 results will be largely in line with or above its prior guidance, and that management committed on January 28, 2025 to a restructuring plan with workforce reductions across all businesses and functions. The company expects pre-tax charges of $95 million to $115 million, mostly in 2025, which will weigh on reported profit while the cuts aim to streamline the organization.
Q4 and full-year 2024 results expected to be largely in line with or above guidance given October 31, 2024
Restructuring committed January 28, 2025, with workforce reductions across all businesses and functions
Pre-tax charges of approximately $95 million to $115 million, primarily in 2025, including about $19 million in Q4 2024
Most workforce reductions expected in fiscal 2025, with some in 2026, subject to local laws
Eastman Chemical reported fourth-quarter and full-year 2024 results, with sales and per-share earnings both higher than a year earlier. The company also projected 2025 EPS of $8.00-$8.75 and cash from operations of about $1.3 billion.
Q4 2024 sales were $2,245 million, up 2% from $2,207 million; GAAP diluted EPS was $2.82 versus $2.61, and adjusted EPS was $1.87 versus $1.31.
Full-year 2024 sales were $9,382 million, up from $9,210 million; GAAP diluted EPS was $7.67 versus $7.49, and adjusted EPS was $7.89 versus $6.40.
Q4 2024 GAAP earnings before interest and taxes fell to $349 million from $477 million, which included a 2023 gain on the Texas City sale.
For 2025, the company expects EPS of $8.00-$8.75 and cash from operations of about $1.3 billion.
Adobe said Chief Strategy Officer and EVP Scott Belsky will resign effective March 15, 2025, to pursue another career opportunity. The filing also discloses a new 2025 Performance Share Program and a 2025 Executive Annual Incentive Plan for executive officers, with awards tied to relative stockholder return, Net New Sales, revenue and non-GAAP earnings per share.
Scott Belsky notified Adobe on January 24, 2025 of his resignation as Chief Strategy Officer and EVP, Design & Emerging Products, effective March 15, 2025.
The 2025 Performance Share Program has a three-year Relative TSR Goal (calendar 2025-2027) and a Net New Sales Goal, each weighted 50%, with payouts capped at 200% of target.
Chair and CEO Shantanu Narayen has a target Performance Share award of 73,837 shares, with a maximum of 147,674 shares.
The 2025 Executive Annual Incentive Plan requires at least 95% of the fiscal 2025 GAAP revenue target and 95% of the non-GAAP diluted EPS target before any bonus is paid.
The Hartford reported fourth quarter 2024 net income available to common stockholders of $848 million ($2.88 per diluted share), up 11% from a year earlier, while core earnings of $865 million ($2.94 per diluted share) fell 7%. For full year 2024, net income rose 24% to $3.1 billion and core earnings rose 11% to $3.1 billion, and the company returned $2.1 billion to stockholders.
Q4 2024 net income available to common stockholders was $848 million ($2.88 per diluted share), up from $766 million in Q4 2023.
Q4 2024 core earnings were $865 million ($2.94 per diluted share), down from $935 million in Q4 2023.
Q4 2024 included a $203 million pre-tax charge for asbestos and environmental reserves, of which $62 million was ceded to the A&E retroactive reinsurance treaty, and a $58 million pre-tax benefit from the Navigators ADC deferred gain amorti
For full year 2024, net income was $3.1 billion ($10.35 per diluted share) and core earnings were $3.1 billion ($10.30 per diluted share).
RPC's board adopted amended and restated bylaws effective January 28, 2025, which move the company to annual director elections starting at the 2025 Annual Meeting. Six directors resigned their current terms so they can be nominated for one-year terms, and the bylaws also add stockholder nomination and disclosure requirements that shareholders proposing directors or business will need to meet.
Board approved and adopted amended and restated bylaws on January 28, 2025, effective the same day
Six directors (Gary W. Rollins, Richard A. Hubbell, John F. Wilson, Jerry W. Nix, Patrick J. Gunning, Ben M. Palmer) tendered resignations effective immediately before the 2025 Annual Meeting election
After the 2025 Annual Meeting, directors can be removed with or without cause by holders of a majority of shares entitled to vote in director elections
Bylaws add stockholder nomination requirements, including Rule 14a-19 compliance and a rule that proxy cards used for soliciting be a color other than white
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
Cavco reported results for its fiscal third quarter ended December 28, 2024, with net revenue of $522 million, up 16.8% from a year earlier, mainly on higher home sales volume. Net income attributable to common stockholders rose 56.9% to $56.5 million, and diluted earnings per share were $6.90 versus $4.27, which the company said included positive tax items and stock buybacks.
Net revenue of $522 million, up 16.8% from $447 million, primarily on home sales volume growth of 21.6%
Diluted EPS of $6.90 versus $4.27 a year earlier; net income attributable to common stockholders of $56.5 million
Financial services gross profit was 55.5% of net revenue, compared with 36.8% in the prior-year quarter
Stock repurchases were approximately $42 million in the quarter; backlogs totaled $224 million at quarter end
Weyerhaeuser reported fourth quarter 2024 net earnings of $81 million, or 11 cents per diluted share, on net sales of $1.7 billion, down from $219 million, or 30 cents, a year earlier. For full year 2024, net earnings were $396 million, or 54 cents per share, versus $839 million in 2023, and the company expects first quarter 2025 earnings before special items and Adjusted EBITDA to be about $20 million higher than the fourth quarter.
Q4 2024 net earnings were $81 million, up from $28 million in Q3 2024 but down from $219 million in Q4 2023; Adjusted EBITDA was $294 million versus $321 million a year earlier.
Full year 2024 net sales were $7.1 billion and Adjusted EBITDA was $1.3 billion, compared with $7.7 billion and $1.7 billion in 2023.
Q1 2025 outlook: earnings before special items and Adjusted EBITDA are expected to be about $20 million higher than Q4 2024.
The company returned $735 million to shareholders based on 2024 results and actions, including $153 million of share repurchases completed in 2024, and raised its base dividend by 5.3 percent.
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
The Bancorp reported fourth-quarter 2024 net income of $55.9 million, or $1.15 per diluted share, up from $44.0 million, or $0.81, a year earlier, with EPS up 42%. The company affirmed its 2025 guidance of $5.25 per share, but said planned 2025 buybacks of $150 million are $100 million lower than in 2024 to help repay $96 million of senior secured debt.
Q4 2024 net income of $55.9 million, or $1.15 per diluted share, versus $44.0 million, or $0.81, in Q4 2023
Full-year 2024 EPS growth of 23%, per CEO Damian Kozlowski
2025 guidance of $5.25 per share affirmed; it does not include $150 million of planned 2025 buybacks
Planned buybacks cut $100 million from 2024 to repay $96 million of senior secured debt
Boot Barn Holdings reported fiscal third-quarter 2025 results for the quarter ended December 28, 2024, with net sales up 16.9% to $608.2 million and diluted earnings per share of $2.43, compared with $1.81 a year earlier. The company said third-quarter diluted EPS was above the high end of its guidance range and issued updated fiscal 2025 guidance that supersedes its October 28, 2024 outlook. Net income included an estimated $0.22 per diluted share benefit tied to the former CEO's resignation.
Same store sales rose 8.6%, with e-commerce same store sales up 11.1%
Income from operations increased to $99.5 million from $75.1 million
Fiscal 2025 guidance: total sales of $1.908 billion to $1.918 billion and diluted EPS of $5.81 to $5.90
Fourth-quarter guidance: total sales of $451 million to $460 million and diluted EPS of $1.17 to $1.26
FirstCash reported record fourth-quarter and full-year 2024 revenue and GAAP net income, driven mainly by its pawn operations, and declared a quarterly dividend of $0.38 per share. The company's 2025 outlook expects pawn to remain the main earnings driver, while its AFF payment solutions segment is expected to see revenue decline 10% to 15% in 2025.
Q4 2024 revenue was $884 million, up 4% from $852 million a year earlier; GAAP diluted EPS was $1.86 versus $1.53, up 22%
Full-year 2024 revenue was a record $3.4 billion, up 8%; GAAP net income was $259 million, up from $219 million, with diluted EPS of $5.73 versus $4.80
Adjusted (non-GAAP) Q4 diluted EPS rose 4% to $2.12 from $2.04
Quarterly dividend of $0.38 per share is payable February 28, 2025 to holders of record as of February 14, 2025
Sprinklr appointed Jan R. Hauser and Stephen M. Ward, Jr. to its board, effective January 29, 2025, expanding the board from eight to ten directors. Audit Committee Chair Edwin Gillis will hand the chair role to Ms. Hauser on March 31, 2025 and leave the board on June 12, 2025, after which the board will have nine directors.
Jan R. Hauser appointed as a Class I director and Audit Committee member, effective January 29, 2025
Stephen M. Ward, Jr. appointed as a Class II director and Compensation Committee member, effective January 29, 2025
Edwin Gillis steps down as Audit Committee Chair effective March 31, 2025, and leaves the board June 12, 2025
Company extended Gillis's post-termination option exercise period for vested options until June 12, 2026
Gen Digital reported third-quarter fiscal 2025 revenue of $986 million, up 4%, and GAAP diluted EPS of $0.26, up 18%. It narrowed its full-year fiscal 2025 non-GAAP revenue range to $3,915 million to $3,930 million, raising the low end, while the EPS range moved to $2.20 to $2.22 from $2.18 to $2.23, which lowers the top end. A $42 million legal contract dispute charge is included in GAAP results.
Q3 GAAP operating income of $374 million, up 13%; GAAP diluted EPS of $0.26, up 18%
Q3 non-GAAP diluted EPS of $0.56, up 15%; non-GAAP operating margin 58.5%
FY25 non-GAAP revenue guidance $3,915 million to $3,930 million, up from $3,905 million to $3,930 million; EPS guidance $2.20 to $2.22, down from $2.18 to $2.23 at the top end
Quarterly dividend of $0.125 per share payable March 12, 2025 to holders of record on February 17, 2025
Visa reported fiscal first-quarter 2025 results for the quarter ended December 31, 2024, with net revenue of $9.5 billion, up 10% from a year earlier. GAAP net income was $5.1 billion, or $2.58 per share, up 8% per share, while non-GAAP EPS was $2.75, up 14%. The board also declared a quarterly dividend of $0.590 per share, payable March 3, 2025 to holders of record as of February 11, 2025.
Net revenue of $9.5 billion rose 10% (11% on a constant-dollar basis); payments volume grew 9% and processed transactions grew 11%.
GAAP net income of $5.1 billion rose 5%; GAAP EPS of $2.58 rose 8%.
Results included $213 million of severance costs and $75 million of net equity investment losses.
Visa repurchased about 13 million class A shares for $3.9 billion in the quarter and had $9.1 billion of remaining repurchase authorization as of December 31, 2024.
VIAVI reported preliminary fiscal second-quarter results for the quarter ended December 28, 2024, with net revenue of $270.8 million, up 6.4% year over year. GAAP net income fell 15.0% to $9.1 million, while non-GAAP diluted EPS rose 18.2% to $0.13. The company also guided third-quarter net revenue to $276 million to $288 million and non-GAAP EPS to $0.10 to $0.13, and said the results are preliminary until it files its Form 10-Q.
Net revenue of $270.8 million, up $16.3 million or 6.4% year over year; Network Enablement revenue rose 15.1% to $179.0 million
GAAP diluted EPS of $0.04, down $0.01 or 20.0% year over year; non-GAAP diluted EPS of $0.13, up $0.02 or 18.2%
Third-quarter fiscal 2025 guidance: net revenue of $276 million to $288 million and non-GAAP EPS of $0.10 to $0.13
Acquisition of Inertial Labs, Inc. completed January 28, 2025; results remain preliminary pending the Form 10-Q
ResMed reported fiscal second-quarter 2025 results for the quarter ended December 31, 2024, with revenue up 10% to $1.3 billion and diluted earnings per share of $2.34, up from $1.42. The prior-year quarter included $64.2 million of restructuring charges, which lifts the year-over-year comparison; non-GAAP diluted EPS rose 29% to $2.43. The board also declared a quarterly dividend of $0.53 per share.
Revenue rose 10% to $1.3 billion ($1,282.1 million); gross margin improved 300 basis points to 58.6%.
Diluted EPS was $2.34 versus $1.42; non-GAAP diluted EPS was $2.43 versus $1.88.
Operating cash flow was $309 million; $78 million was paid in dividends and $75 million was spent on share repurchases.
Quarterly dividend of $0.53 per share has a February 13, 2025 record date and is payable March 20, 2025.
AppFolio reported fourth-quarter revenue of $204 million, up 19% year over year, and full-year 2024 revenue of $794 million, up 28%. Full-year GAAP operating income rose to $136 million from $1 million, while fourth-quarter GAAP operating income fell to $23 million from $28 million. The company also gave 2025 guidance of $920 million to $940 million in revenue, and its interim CFO Tim Eaton was named interim Principal Accounting Officer.
Q4 2024 revenue $204 million, up 19% year over year; Q4 GAAP operating income $23 million vs. $28 million in Q4 2023
FY 2024 revenue $794 million, up 28%; FY 2024 GAAP operating income $136 million vs. $1 million in 2023
2025 outlook: revenue of $920 million to $940 million; non-GAAP operating margin of 24.5% to 26.5%
On January 29, 2025, Tim Eaton was appointed interim Principal Accounting Officer while remaining interim CFO
SkyWest reported fourth-quarter 2024 net income of $97 million, or $2.34 per diluted share, up from $18 million, or $0.42 per share, a year earlier. For the full year 2024, net income was $323 million, or $7.77 per diluted share, compared with $34 million, or $0.77 per share, in 2023. Revenue and profit both rose sharply, which points to a strong year for shareholders, though cash and marketable securities declined over the quarter.
Q4 2024 total operating revenues were $944 million, up 26% from $752 million in Q4 2023
Full year 2024 net income was $323 million, or $7.77 per diluted share, versus $34 million, or $0.77, in 2023
Cash and marketable securities were $802 million at December 31, 2024, down from $836 million at September 30, 2024
Share repurchases in Q4 2024 totaled 47,000 shares for $4.9 million, with $48 million of remaining authorization
Western Digital said CEO David Goeckeler will resign, effective upon completion of the spin-off of its flash business, and Irving Tan, currently Executive Vice President of Global Operations, will succeed him as CEO. Goeckeler and two other directors will also leave the board to join Sandisk Corporation, the flash business that will become an independent public company.
Irving Tan will become CEO, succeeding David V. Goeckeler, effective upon completion of the Spin-Off; the board made the appointment on January 25, 2025.
Tan's base salary will rise to $1,000,000, with a short-term incentive target of 150% of base salary.
Tan will receive a promotion equity award with a grant date value of $6,500,000, and his fiscal 2026 annual LTI award is expected to increase to $11,500,000.
Directors David V. Goeckeler, Thomas Caulfield and Miyuki Suzuki will resign from the board effective with the Spin-Off, and Tan, Bruce Kiddoo and Roxanne Oulman will join it.
Bank of Hawaii's Human Resources and Compensation Committee awarded service-based restricted stock units on January 24, 2025 to two designated named executive officers, Marco A. Abbruzzese and S. Bradley Shairson, with 7,032 units each. The grants are routine compensation under the company's 2024 Stock and Incentive Plan and do not involve a change in officer roles.
Grant date: January 24, 2025, awarded by the Human Resources and Compensation Committee
Marco A. Abbruzzese, Vice Chair, Wealth Management: 7,032 RSUs
S. Bradley Shairson, Vice Chair and Chief Risk Officer: 7,032 RSUs
Grants made under the 2024 Stock and Incentive Plan; form of grant agreement filed as Exhibit 10.1
Kirby reported fourth quarter 2024 results. GAAP net earnings attributable to Kirby fell to $42.8 million, or $0.74 per share, from $61.9 million, or $1.04 per share, a year earlier, after a $56.3 million non-cash impairment charge. Excluding one-time items, adjusted earnings were $74.9 million, or $1.29 per share, and revenues rose slightly to $802.3 million, and the company expects 2025 earnings per share growth of 15% to 25%.
Q4 2024 GAAP EPS $0.74 vs. $1.04 in Q4 2023; adjusted EPS $1.29, up 24% year over year
Q4 revenues $802.3 million vs. $799.2 million in Q4 2023
$56.3 million non-cash impairment in Distribution and Services, mainly conventional diesel fracturing equipment inventory
2025 outlook: earnings per share growth of 15% to 25% year over year; operating cash flow of $620 million to $720 million
Berkshire Hills Bancorp reported fourth-quarter 2024 GAAP net income of $19.7 million, or $0.46 per share, down from $37.5 million, or $0.88 per share, in the prior quarter. Operating earnings rose 5% linked quarter to $26.0 million, or $0.60 per share, but GAAP results included $6.6 million in non-operating expenses related primarily to the pending merger with Brookline Bancorp.
Q4 2024 GAAP EPS $0.46 vs $0.88 in Q3 2024; operating EPS $0.60, up 3% linked quarter and 28% year over year
Total net revenue $110.2 million in Q4 2024 vs $125.6 million in Q3 2024 and $80.0 million in Q4 2023
FY2024 GAAP EPS $1.43 vs $1.60 in 2023; FY2024 operating EPS $2.22, up 4%
Management held a conference call on January 30, 2025 to discuss results and provide guidance; the filing does not state guidance figures
Cullen/Frost reported fourth-quarter 2024 net income available to common shareholders of $153.2 million, up from $100.9 million a year earlier, when results included a $51.5 million FDIC surcharge. For full-year 2024, net income available to common shareholders fell 2.6% to $575.9 million, and diluted EPS was $8.87 versus $9.10 in 2023. The board also authorized a $150 million share repurchase program running through January 28, 2026.
Q4 2024 net income available to common shareholders was $153.2 million, up $52.3 million from $100.9 million in Q4 2023
Q4 2024 diluted EPS was $2.36, compared with $1.55 in Q4 2023
Full-year 2024 net income available to common shareholders was $575.9 million, down 2.6% from $591.3 million in 2023
Board authorized up to $150 million in common stock repurchases through January 28, 2026, and declared a first-quarter dividend of $0.95 per common share payable March 14, 2025
ASGN Incorporated (NYSE: ASGN) said President Rand Blazer will move to Executive Vice Chairman effective March 1, 2025, and will advise on strategic initiatives. Shiv Iyer, a former Accenture consulting executive, will become President as part of a planned succession. The filing does not discuss financial results or compensation changes, and it names ASGN Incorporated, not Everforth Inc (EFOR) as listed in the request.
Rand Blazer (75) resigns as President effective March 1, 2025, and becomes Executive Vice Chairman
Shiv Iyer, former Americas Consulting and Industry X Lead Executive at Accenture, will become President
Blazer and the company amended his employment agreement on January 29, 2025
Blazer was named President in 2022 and has been with the company since its 2012 combination with Apex Systems
Schneider National reported fourth-quarter 2024 operating revenues of $1.3 billion, down 2% from a year earlier, while income from operations rose 35% to $42.4 million and diluted EPS rose to $0.18 from $0.15. The company guided to 2025 adjusted diluted EPS of $0.90 to $1.20, but full-year 2024 net income fell to $117.0 million from $238.5 million.
Q4 2024 operating revenues were $1.3 billion versus $1.4 billion in Q4 2023; income from operations was $42.4 million versus $31.3 million.
Diluted EPS was $0.18 versus $0.15; adjusted diluted EPS was $0.20 versus $0.16.
Full-year 2024 net income was $117.0 million versus $238.5 million, and diluted EPS was $0.66 versus $1.34.
2025 guidance calls for adjusted diluted EPS of $0.90 to $1.20 and net capital expenditures of $400 million to $450 million; the quarter included about $7.0 million of claims reserve expense.
Lantheus Holdings appointed Phuong Khanh (P.K.) Morrow, M.D., a former pharmaceutical executive focused on oncology, to its board of directors, effective February 1, 2025. The board expanded to eleven directors, nine of whom are independent, and Dr. Morrow will sit on the Science and Technology Committee. The filing describes a board seat, not a change in financial results or guidance.
Dr. Morrow was appointed by the board on January 29, 2025 and is effective February 1, 2025.
Board size increased to eleven directors; Dr. Morrow is a Class II Director with a term expiring at the 2026 annual meeting.
Director compensation: $60,000 annual cash retainer, $7,500 for Science and Technology Committee service, a $100,000 initial grant, and a $400,000 annual equity grant starting in 2025.
Dr. Morrow was previously Chief Medical Officer at CRISPR Therapeutics and held roles at Amgen; she currently leads oncology R&D at Takeda.
Darling Ingredients issued a statement on fourth quarter and fiscal 2024 results for its 50/50 Diamond Green Diesel (DGD) joint venture, whose figures were reported by its partner Valero. DGD's renewable diesel segment earned about $170 million in operating income in the quarter, but a lower of cost-or-market valuation adjustment of about $118 million reduced results, and the company's full-year 2024 figures also include a $176 million adjustment. The filing does not include consolidated revenue, earnings per share or 2025 guidance; the company will release full results and outlook on February 6, 2025.
DGD Q4 2024 EBITDA per gallon was $0.40, or $0.81 excluding the lower of cost-or-market adjustment
DGD full-year 2024 EBITDA per gallon was $0.46, or $0.60 excluding the adjustment
DGD sold or shipped 292.8 million gallons in Q4 2024 and 1.25 billion gallons for full-year 2024
Full fourth quarter and fiscal 2024 results and 2025 outlook are scheduled for release and a conference call on February 6, 2025
ScanSource reported fiscal second-quarter 2025 results for the quarter ended December 31, 2024, with net sales down 15.5% year over year and GAAP net income down 47.9%. The company reaffirmed its fiscal 2025 outlook and said its CEO, Mike Baur, was also appointed President effective January 27, 2025, with no change to his compensation.
Net sales were $747.5 million versus $884.8 million a year earlier; gross profit rose 1.0% to $101.7 million.
GAAP diluted EPS was $0.70 versus $1.29; non-GAAP diluted EPS was $0.85, unchanged year over year.
Fiscal 2025 outlook reaffirmed: net sales $3.1 billion to $3.5 billion and adjusted EBITDA $140 million to $160 million.
Mike Baur, Chair and CEO, was appointed President effective January 27, 2025, and his compensation will not change.
National Fuel Gas reported fiscal first-quarter 2025 results for the quarter ended December 31, 2024. GAAP net income fell to $45.0 million ($0.49 per share) from $133.0 million ($1.44 per share) after $104.6 million in after-tax impairment charges in its Exploration & Production segment, while adjusted operating results rose 14% to $151.9 million ($1.66 per share). The company raised its fiscal 2025 adjusted EPS guidance to $6.50 to $7.00 from $5.50 to $6.00, citing higher forecasted natural gas prices.
GAAP net income of $45.0 million, or $0.49 per share, versus $133.0 million, or $1.44 per share, a year earlier
Impairment charges of $104.6 million after tax, mainly a full cost ceiling test write-down at Seneca
Adjusted operating results of $151.9 million, or $1.66 per share, up 14% from the prior year
Fiscal 2025 adjusted EPS guidance raised to $6.50 to $7.00 from $5.50 to $6.00; NYMEX gas price assumption raised to $3.50 per MMBtu from $2.80
Oshkosh reported fourth-quarter 2024 net sales of $2.62 billion, up 6.3 percent, and diluted EPS of $2.33 versus $2.28 a year earlier. It initiated 2025 EPS guidance of about $10.30 (adjusted about $11.00) and raised its quarterly dividend 11 percent to $0.51 per share. Defense segment operating income fell 75.8 percent on contract catch-up adjustments, and the company expects Access demand to soften in the first half of 2025.
Q4 2024 sales were $2.62 billion, up 6.3 percent; Vocational sales rose 19.8 percent to $880.6 million.
Q4 2024 diluted EPS was $2.33 (GAAP) and $2.58 (adjusted), versus $2.28 and $2.56 a year earlier.
Defense segment operating income fell 75.8 percent to $15.0 million, reflecting cumulative catch-up adjustments on contracts.
2025 guidance: diluted EPS of about $10.30 and adjusted EPS of about $11.00 on projected net sales of about $10.6 billion; quarterly dividend of $0.51 payable March 3, 2025.
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.
NETSCOUT reported third-quarter fiscal 2025 revenue of $252.0 million, up from $218.1 million a year earlier, and GAAP net income of $48.8 million, or $0.67 per diluted share, compared with a net loss of $132.6 million in the prior-year quarter that included a goodwill impairment charge. The company narrowed its fiscal 2025 outlook ranges while keeping the midpoints for revenue and non-GAAP earnings per share unchanged.
Q3 fiscal 2025 revenue was $252.0 million versus $218.1 million in Q3 fiscal 2024; product revenue was $128.2 million versus $95.8 million.
GAAP net income was $48.8 million, or $0.67 per diluted share, versus a net loss of $132.6 million, or $(1.87) per share, a year earlier; non-GAAP diluted EPS was $0.94 versus $0.73.
Fiscal 2025 revenue outlook narrowed to $810 million to $820 million from $800 million to $830 million; non-GAAP EPS outlook narrowed to $2.15 to $2.25 from $2.10 to $2.30, with midpoints maintained.
The company intends to fully repay the $75.0 million outstanding on its revolving credit facility in the fourth quarter of fiscal 2025.
ManpowerGroup reported fourth-quarter 2024 revenue of $4.4 billion, down 5% as reported, and diluted EPS of $0.47 versus a loss of $1.73 a year earlier, which reflected large prior-year charges. Excluding restructuring, pension, and Austria-related charges, quarterly EPS was $1.02, down 27% in constant currency, and the company guided first-quarter 2025 diluted EPS to $0.47 to $0.57.
Q4 2024 revenue was $4.4 billion, down 5% as reported and down 3% in constant currency; net earnings were $22.5 million versus a net loss of $84.5 million a year earlier.
Full-year 2024 revenue was $17.9 billion, down 6%, while diluted EPS was $3.01 versus $1.76 in 2023; adjusted EPS was $4.55.
First-quarter 2025 diluted EPS is guided to $0.47 to $0.57, including an estimated 6 cents unfavorable currency impact and a 36% effective tax rate.
The company repurchased $34 million of common stock in the fourth quarter.
Parker Hannifin reported fiscal second-quarter 2025 results for the quarter ended December 31, 2024, with net sales of $4.74 billion, down from $4.82 billion a year earlier, while diluted EPS rose 39% to $7.25 on a reported basis. The company said the reported profit increase was helped by gains on divestitures, and adjusted EPS rose 6% to $6.53. The company also updated its fiscal 2025 guidance, which now calls for sales growth of (2%) to 1% and EPS of $24.46 to $25.06.
Net sales were $4.74 billion versus $4.82 billion a year earlier; organic sales growth was 1%.
Diluted EPS was $7.25 versus $5.23; adjusted EPS was $6.53 versus $6.15, up 6%.
Net income was $949 million, including a $249.7 million gain on divestitures in the quarter.
Fiscal 2025 guidance: sales growth of (2%) to 1% and EPS of $24.46 to $25.06, or $26.40 to $27.00 adjusted.
S&T Bancorp reported fourth-quarter 2024 net income of $33.1 million, or $0.86 per diluted share, up slightly from $32.6 million in the third quarter but down from $37.0 million, or $0.96 per share, a year earlier. For full year 2024, net income was $131.3 million, or $3.41 per diluted share, compared with $144.8 million, or $3.74, in 2023. The board also approved a quarterly dividend of $0.34 per share, up $0.01 from a year earlier.
Q4 2024 net income $33.1 million ($0.86 diluted EPS) vs. $32.6 million ($0.85) in Q3 2024 and $37.0 million ($0.96) in Q4 2023
Full year 2024 net income $131.3 million ($3.41 EPS) vs. $144.8 million ($3.74 EPS) in 2023
Q4 2024 net interest income $83.3 million, down $1.2 million from Q3 2024; total assets $9.7 billion at December 31, 2024
Dividend of $0.34 per share payable February 27, 2025 to shareholders of record on February 13, 2025
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
Marsh & McLennan reported fourth-quarter and full-year 2024 results on January 30, 2025, in a press release furnished under Item 2.02. Full-year revenue rose 8% to $24.5 billion and GAAP earnings per share rose 9% to $8.18, while fourth-quarter revenue rose 9% to $6.1 billion. The filing does not include 2025 guidance.
Q4 2024 revenue $6.1 billion, up 9%; Q4 GAAP EPS $1.59, up 5%
Full-year 2024 revenue $24.5 billion, up 8%; GAAP EPS $8.18, up 9%
Full-year adjusted EPS $8.80, up 10%, per the company's non-GAAP measure
Company repurchased 4.3 million shares for $900 million in 2024
Roper Technologies reported fourth-quarter 2024 revenue of $1.88 billion, up 16%, and GAAP net earnings of $462 million, up 22%. For the full year, revenue was $7.04 billion, up 14%, and adjusted DEPS was $18.31, up 10%. The company also initiated 2025 guidance calling for adjusted DEPS of $19.75 to $20.00 and total revenue growth of 10% or more.
Q4 2024 revenue was $1.88 billion, up 16%, with organic growth of 7% and acquisitions contributing 9%
Q4 2024 adjusted DEPS was $4.81, up 10%; GAAP DEPS was $4.28, up 22%
Full year 2024 operating cash flow was $2.39 billion; adjusted free cash flow was $2.28 billion, up 16%
2025 guidance: full year adjusted DEPS of $19.75 to $20.00, and first quarter adjusted DEPS of $4.70 to $4.74
Tractor Supply reported fourth-quarter 2024 net sales up 3.1% to $3.77 billion, but diluted EPS fell 3.3% to $0.44 and net income fell 4.6%. For fiscal 2024, net sales rose 2.2% to $14.88 billion and diluted EPS rose 1.1% to $2.04, and the company guided to fiscal 2025 diluted EPS of $2.10 to $2.22 and net sales growth of 5% to 7%.
Q4 2024 net sales rose 3.1% to $3.77 billion; comparable store sales rose 0.6%.
Q4 2024 net income fell 4.6% to $236.4 million; diluted EPS was $0.44 versus $0.46 a year earlier.
Fiscal 2024 diluted EPS was $2.04, up from $2.02 in fiscal 2023.
Fiscal 2025 guidance: net sales up 5% to 7%, operating margin 9.6% to 10.0%, diluted EPS $2.10 to $2.22.
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