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).
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.
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
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
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.
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
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
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.
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
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.
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
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
Teradyne reported fourth-quarter 2024 revenue of $753 million, up 12% from $671 million a year earlier and at the high end of its guidance, with GAAP diluted EPS of $0.90 versus $0.72 and non-GAAP EPS of $0.95 versus $0.79. The company guided first-quarter 2025 revenue to $660 million to $700 million and non-GAAP EPS to $0.58 to $0.68, and said it plans to realign its Robotics business.
Q4 2024 revenue of $753 million versus $671 million in Q4 2023; GAAP net income of $146.3 million
Q1 2025 guidance: revenue of $660 million to $700 million; non-GAAP EPS of $0.58 to $0.68
Full-year 2024 revenue of $2.82 billion and GAAP diluted EPS of $3.32, including a $57.1 million gain on sale of business
Results released January 29, 2025; conference call scheduled for 8:30 a.m. ET on January 30, 2025
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
CSW Industrials reported fiscal third-quarter 2025 results for the period ended December 31, 2024, with revenue up 10.7% to $193.6 million and net income attributable to the company up to $26.9 million. Acquisitions contributed most of the revenue growth, while gross margin narrowed and quarterly operating cash flow fell, which shareholders may watch in coming periods.
Revenue rose 10.7% to $193.6 million; acquisitions added 8.7 percentage points and organic growth 1.9%.
Diluted EPS was $1.60, or $1.48 adjusted, compared with $1.07 adjusted in the prior-year quarter.
Gross margin fell 90 bps to 41.4%, which the company attributed mainly to higher freight expense.
Quarterly operating cash flow was $11.6 million, versus $47.0 million a year earlier; the company declared a $0.24 dividend payable February 14, 2025.
Quest Diagnostics reported fourth quarter 2024 revenue of $2.62 billion, up 14.5%, and reported diluted EPS of $1.95, up 14.7%, with full year revenue of $9.87 billion, up 6.7%. The company gave 2025 reported diluted EPS guidance of $8.34 to $8.59 and raised its quarterly dividend 6.7% to $0.80 per share. Shareholders see higher reported earnings in 2024, a 2025 outlook above the 2024 reported EPS of $7.69, and a larger dividend.
Q4 2024 reported diluted EPS $1.95 vs. $1.70 in Q4 2023; adjusted diluted EPS $2.23, up 3.7%
Full year 2024 revenue $9.87 billion, up 6.7%; full year reported diluted EPS $7.69, up 2.7%
2025 reported diluted EPS guidance $8.34 to $8.59; adjusted diluted EPS guidance $9.55 to $9.80
Quarterly dividend raised from $0.75 to $0.80 per share, payable April 21, 2025, record date April 7, 2025
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
Northrop Grumman reported 2024 sales of $41.0 billion, up 4 percent from $39.3 billion in 2023, and net earnings of $4.2 billion, or $28.34 per diluted share. That figure includes a $332 million after-tax pension mark-to-market benefit; excluding it, MTM-adjusted EPS was $26.08, compared with $15.61 in 2023, which included a B-21 charge. The company said its 2025 financial guidance is in line with its prior outlook.
Fourth quarter 2024 sales were $10.7 billion, comparable with the prior-year quarter, and diluted EPS was $8.66.
2024 free cash flow was $2.6 billion, up 25 percent, and the company returned $3.7 billion to shareholders through buybacks and dividends.
2025 guidance: sales of $42.0 billion to $42.5 billion, MTM-adjusted EPS of $27.85 to $28.25, and free cash flow of $2.85 billion to $3.25 billion.
Backlog reached a record $91.5 billion; the Training Services divestiture is expected to close mid-year 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.
Trane Technologies reported fourth-quarter and full-year 2024 results on January 30, 2025, in a press release attached as Exhibit 99.1. Revenue and continuing earnings per share rose in both periods, and the company guided to 2025 GAAP and adjusted continuing EPS of $12.70 to $12.90. For shareholders, the filing shows higher sales and earnings for 2024 and a published 2025 EPS range.
Q4 2024 reported revenues of $4.9 billion, up 10 percent; GAAP continuing EPS of $2.67 versus $2.23 a year earlier
Full-year 2024 reported revenues of $19.8 billion, up 12 percent; GAAP continuing EPS of $11.35 versus $8.89
2025 guidance: GAAP and adjusted continuing EPS of $12.70 to $12.90; reported revenue growth of approximately 6.5 to 7.5 percent
Full-year 2024 free cash flow of $2.8 billion; $1.3 billion deployed on share repurchases
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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