1,027 material Form 8-K filings that 835 companies we cover made with the SEC in February 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).
AptarGroup reported fourth-quarter 2024 net income of $101 million, up 62%, with reported sales up 1% to $848 million and core sales up 2%. The company guided first-quarter 2025 adjusted EPS to $1.11 to $1.19, below the $1.19 adjusted EPS it reported for the first quarter of 2024, citing an expected currency headwind of about 7 cents and a higher tax rate.
Q4 2024 diluted EPS was $1.49 vs $0.93 a year earlier; adjusted EPS was $1.52, up 27%
Q4 reported sales rose 1% to $848 million; core sales rose 2%, with currency a negative effect
Q1 2025 adjusted EPS guidance of $1.11 to $1.19 vs $1.19 adjusted in Q1 2024; FX headwind of about 7 cents
Board approved a $0.45 quarterly dividend payable February 26, 2025 and a $500 million share repurchase authorization
Post Holdings reported first-quarter fiscal 2025 results for the period ended December 31, 2024, with net sales of $1,974.7 million, up 0.4%, and net earnings of $113.3 million, up 28.6%. The company raised its fiscal 2025 Adjusted EBITDA outlook to $1,420-$1,460 million from $1,410-$1,460 million and approved a new $500 million share repurchase authorization effective February 10, 2025, which replaces the existing program.
Net sales were $1,974.7 million, up 0.4% from $1,965.9 million; diluted EPS was $1.78 versus $1.35 a year earlier
Adjusted diluted EPS was $1.73 versus $1.69; Adjusted net earnings were $111.9 million versus $113.7 million
Fiscal 2025 Adjusted EBITDA outlook raised to $1,420-$1,460 million from $1,410-$1,460 million
New $500 million buyback approved February 4, 2025; $200.2 million remained under the existing authorization as of February 6, 2025, which will be cancelled February 9, 2025
Minerals Technologies reported fourth-quarter and full-year 2024 results in a press release furnished under Item 2.02 of a Form 8-K dated February 6, 2025. Fourth-quarter net sales slipped 1% to $518.1 million while diluted EPS rose to $1.68 from $1.22, and full-year net sales fell 2% to $2.12 billion while diluted EPS more than doubled to $5.17 from $2.58. The filing does not include forward guidance, and the company will discuss the results on a conference call on February 7, 2025.
Q4 2024 net sales were $518.1 million, down 1% from $524.5 million in Q4 2023.
Q4 diluted EPS was $1.68 versus $1.22; excluding special items, it was $1.50 versus $1.28.
Full-year 2024 net sales were $2.12 billion, down 2%; diluted EPS was $5.17 versus $2.58, or $6.15 versus $5.21 excluding special items.
In 2024 the company repurchased $64 million of shares and repaid $39 million of debt.
CNO Financial Group reported fourth-quarter 2024 net income of $166.1 million, or $1.58 per diluted share, up from $36.3 million, or $0.32, a year earlier. Net operating income, which excludes non-economic market-volatility accounting impacts, rose to $138.0 million, or $1.31 per diluted share, from $133.9 million, or $1.18. For shareholders, full-year 2024 net income was $404.0 million, or $3.74 per diluted share, versus $276.5 million, or $2.40, in 2023, and the company returned $349.3 million to shareholders during the year.
4Q24 net income $166.1 million, $1.58 per diluted share, versus $36.3 million, $0.32 in 4Q23
4Q24 net operating income $138.0 million, $1.31 per diluted share, versus $133.9 million, $1.18 in 4Q23
Full-year 2024 net income $404.0 million, $3.74 per diluted share, versus $276.5 million, $2.40 in 2023
Returned $349.3 million to shareholders in 2024; $240.3 million of repurchase authority remained at December 31, 2024
Principal Financial Group reported fourth-quarter and full-year 2024 results, with GAAP net income of $905.4 million in the quarter versus a $871.7 million loss a year earlier. It also raised its first-quarter 2025 dividend to $0.75 per share and approved a new $1.5 billion share repurchase authorization, while its 2025 outlook is consistent with long-term targets of 9-12% non-GAAP operating EPS growth.
4Q24 GAAP net income attributable to PFG was $905.4 million, or $3.92 per diluted share, compared with a loss of $871.7 million, or $3.66 per share, in 4Q23
4Q24 non-GAAP operating earnings per diluted share were $1.94, up 6% from $1.83; full-year 2024 was $7.65 excluding significant variances, up 11%
Quarterly dividend raised to $0.75 per share, payable March 28, 2025, to shareholders of record as of March 12, 2025
Board approved a new $1.5 billion share repurchase authorization; about $0.8 billion remained under the prior authorization at December 31, 2024
Regency Centers reported fourth-quarter and full-year 2024 results and gave initial 2025 guidance. Nareit FFO per diluted share rose to $1.09 in the fourth quarter from $1.02 a year earlier, while net income per diluted share slipped to $0.46 from $0.47, including a $14.3 million impairment charge. The company guided to 2025 Core Operating Earnings of $4.30 to $4.36 per share, above the $4.13 reported for 2024.
Q4 2024 Nareit FFO was $199.5 million, or $1.09 per diluted share, versus $1.02 in Q4 2023; full-year 2024 Nareit FFO was $4.30 per share.
Q4 2024 net income attributable to common shareholders was $83.1 million, or $0.46 per diluted share, versus $0.47 a year earlier; the quarter included a $14.3 million impairment charge.
2025 guidance: Nareit FFO of $4.52 to $4.58 per diluted share and Core Operating Earnings of $4.30 to $4.36, compared with 2024 actuals of $4.30 and $4.13.
Same Property percent leased reached a record 96.7% at December 31, 2024; the quarterly common dividend declared February 4, 2025 is $0.705 per share.
Victory Capital reported fourth-quarter 2024 revenue of $232.4 million, up 12.9% from a year earlier, and GAAP net income of $76.9 million, or $1.17 per diluted share, up 39.4% from $55.2 million. Compared with the third quarter, net income fell 6.2%, and the company cited a $15.6 million increase in compensation-related expenses. The board also approved a new $200 million share repurchase plan and a 7% increase in the quarterly dividend to $0.47 per share.
Q4 2024 revenue $232.4 million, up 12.9% from $205.8 million in Q4 2023
GAAP diluted EPS $1.17 for Q4 2024, versus $0.82 in Q4 2023 and $1.24 in Q3 2024
Adjusted net income with tax benefit per diluted share $1.45, versus $1.15 a year earlier
New $200 million share repurchase plan; quarterly dividend raised to $0.47, payable March 10, 2025
Powell Industries reported first quarter fiscal 2025 results for the period ended December 31, 2024, with revenue up 24% from the prior year and diluted earnings per share of $2.86, up from $1.98. Net income rose 44% to $34.8 million, and new orders grew to $269 million, though revenue and profit both fell sequentially from the fourth quarter, which the company attributed mainly to seasonality. Management said it expects robust revenue and earnings through the rest of fiscal 2025.
Revenue of $241.4 million, up 24% year over year but down 12% from $275.1 million in the fourth quarter of fiscal 2024
Net income of $34.8 million, or $2.86 per diluted share, up 44% from $1.98 a year earlier
New orders of $269 million versus $198 million a year earlier; backlog steady at $1.3 billion
Conference call scheduled for February 7, 2025 at 11:00 a.m. Eastern time
Encompass Health reported fourth-quarter 2024 net operating revenue of $1,405.0 million, up 12.7%, and diluted earnings per share from continuing operations of $1.18, up from $0.94 a year earlier. The company also issued 2025 guidance for net operating revenue of $5,800 million to $5,900 million, Adjusted EBITDA of $1,160 million to $1,200 million, and adjusted earnings per share of $4.67 to $4.96.
Q4 2024 net operating revenue was $1,405.0 million, up from $1,246.8 million; diluted EPS from continuing operations was $1.18 versus $0.94
Q4 2024 Adjusted EBITDA was $289.6 million, up 13.6%; adjusted EPS was $1.17 versus $0.95
2025 guidance: net operating revenue $5,800 million to $5,900 million; Adjusted EBITDA $1,160 million to $1,200 million; adjusted EPS $4.67 to $4.96
Management will discuss results on an earnings call at 10:00 a.m. Eastern Time on February 7, 2025
COPT Defense Properties reported fourth-quarter and full-year 2024 results in an earnings release furnished as Exhibit 99.1. Full-year net income was $143.9 million, compared with a net loss of $74.3 million in 2023, which included impairment losses on real estate, and revenue rose to $753.3 million from $685.0 million.
Q4 2024 FFO per diluted share was $0.64, up from $0.62 in Q4 2023; full-year FFO per diluted share was $2.57, up from $2.41.
Q4 2024 diluted EPS was $0.31, compared with $0.30 in Q4 2023; full-year 2024 diluted EPS was $1.23, compared with a loss of $0.67 in 2023.
Q4 2024 total revenues were $183.4 million, up from $179.7 million; quarterly dividend per share was $0.295, up from $0.285.
Q4 2024 diluted AFFO was $47.9 million, down from $54.3 million in Q4 2023, while full-year diluted AFFO rose to $222.2 million from $203.0 million.
Lumentum reported fiscal second quarter 2025 net revenue of $402.2 million, up 19.4% from the prior quarter and 9.7% from a year earlier, with GAAP net loss narrowing to $60.9 million, or $0.88 per diluted share. It guided fiscal third quarter net revenue to $410 million to $425 million and non-GAAP diluted EPS to $0.47 to $0.53, and said CEO Alan Lowe will transition to Michael Hurlston.
Q2 net revenue $402.2 million vs. $336.9 million in Q1 and $366.8 million in Q2 2024
GAAP net loss $60.9 million ($0.88 per diluted share) vs. $82.4 million in Q1 and $99.1 million in Q2 2024
Q3 fiscal 2025 outlook: net revenue $410 million to $425 million; non-GAAP diluted EPS $0.47 to $0.53
Cash, cash equivalents and short-term investments were $896.7 million, down $19.4 million from Q1
Cousins Properties reported fourth-quarter 2024 results on February 6, 2025. Funds from operations (FFO) rose to $108.9 million, or $0.69 per share, from $98.3 million, or $0.65 per share, a year earlier, while net income available to common stockholders fell to $13.6 million, or $0.09 per share, from $18.8 million, or $0.12 per share, which the company attributed mainly to higher depreciation. The company also gave initial 2025 guidance of FFO between $2.73 and $2.83 per share.
Q4 2024 FFO was $108.9 million, or $0.69 per share, versus $98.3 million, or $0.65 per share, in Q4 2023.
Q4 2024 net income available to common stockholders was $13.6 million, or $0.09 per share, versus $18.8 million, or $0.12 per share.
Full-year 2024 FFO was $414.1 million, or $2.69 per share, versus $398.3 million, or $2.62 per share, in 2023.
2025 guidance: net income of $0.25 to $0.35 per share and FFO of $2.73 to $2.83 per share.
Mohawk Industries reported fourth-quarter 2024 net sales of $2.6 billion, up 1.0% as reported but down 1.0% on an adjusted basis, and diluted EPS of $1.48 versus $2.18 a year earlier. Adjusted EPS was $1.95 versus $1.96, and the company expects first-quarter 2025 adjusted EPS of $1.34 to $1.44, including a $0.35 impact from order management system problems in its Flooring North America segment.
Q4 2024 net earnings were $93 million, or $1.48 per diluted share, compared with $140 million, or $2.18, in Q4 2023; adjusted diluted EPS was $1.95 versus $1.96.
Full-year 2024 diluted EPS was $8.14 versus a loss of $6.90 in 2023, which included $878 million of impairment charges; full-year adjusted EPS of $9.70 rose about 6%.
First-quarter 2025 adjusted EPS is expected between $1.34 and $1.44, with the company citing ongoing softness in all markets and a $0.35 EPS impact from system issues.
Free cash flow for 2024 was $680 million and the company repurchased 1.3 million shares for $161 million.
EastGroup Properties reported fourth-quarter 2024 diluted EPS of $1.16, down from $1.35 a year earlier, mainly because the 2023 quarter included $13 million in property sale gains and there were no sales in the 2024 quarter. Funds from operations (FFO) excluding gains on involuntary conversion and business interruption claims rose 5.9% to $2.15 per diluted share, and the company set 2025 guidance of $8.80 to $9.00 in FFO per share.
Q4 2024 diluted EPS was $1.16 versus $1.35 in Q4 2023; the 2023 quarter included $13 million in real estate sale gains and there were no sales in Q4 2024.
Q4 2024 FFO excluding certain claim gains was $2.15 per diluted share versus $2.03, an increase of 5.9%.
Full-year 2024 diluted EPS was $4.66 versus $4.42, and FFO excluding certain claim gains was $8.31 versus $7.70, an increase of 7.9%.
2025 guidance calls for EPS of $4.71 to $4.91 and FFO of $8.80 to $9.00 per diluted share.
Genpact reported full-year 2024 net revenues of $4.77 billion, up 6.5%, and adjusted diluted EPS of $3.28, up 10%. GAAP diluted EPS fell 16% to $2.85 and net income fell 19% to $514 million, with the 2023 comparison including a $170 million non-recurring tax benefit. The company also raised its quarterly dividend 11% to $0.17 and added $500 million to its share repurchase authorization, and it guided to 2025 adjusted diluted EPS of $3.52 to $3.59.
Full-year 2024 net revenues were $4.77 billion, up 6.5%; fourth-quarter net revenues were $1.25 billion, up 8.9%
Diluted EPS was $2.85, down 16%; adjusted diluted EPS was $3.28, up 10%
2025 outlook: net revenues of $5.029 billion to $5.125 billion and adjusted diluted EPS of $3.52 to $3.59
Quarterly dividend raised to $0.17 per share (11% increase), payable March 26, 2025; repurchase authorization increased by $500 million
For the fiscal third quarter ended December 31, 2024, Take-Two reported net bookings of $1.37 billion, up 3% from $1.34 billion a year earlier, while GAAP net revenue was $1.36 billion, down from $1.37 billion. The GAAP net loss widened to $125.2 million, or $0.71 per share, from $91.6 million, or $0.54 per share, and the company reiterated its fiscal 2025 net bookings guidance of $5.55 billion to $5.65 billion. Shareholders are weighing bookings growth against a larger loss and slightly lower revenue.
Net bookings were $1.37 billion, up 3% from $1.34 billion; recurrent consumer spending grew 9%.
GAAP net revenue was $1.36 billion, compared with $1.37 billion in the prior-year quarter.
GAAP net loss was $125.2 million, or $0.71 per share, versus $91.6 million, or $0.54 per share, a year earlier.
Fiscal 2025 net bookings guidance was reiterated at $5.55 billion to $5.65 billion; fiscal fourth-quarter net bookings outlook is $1.484 billion to $1.584 billion.
NMI Holdings reported fourth-quarter 2024 net income of $86.2 million, or $1.07 per diluted share, up from $83.4 million and $1.01 a year earlier but down from $92.8 million and $1.15 in the third quarter. Full-year 2024 net income rose to $360.1 million, or $4.43 per diluted share, from $322.1 million, or $3.84, in 2023, and the board authorized an additional $250 million share repurchase through December 31, 2027.
Q4 2024 net income $86.2 million, $1.07 per diluted share, vs. $83.4 million, $1.01 in Q4 2023 and $92.8 million, $1.15 in Q3 2024
Full-year 2024 net income $360.1 million, $4.43 per diluted share, vs. $322.1 million, $3.84 in 2023; adjusted diluted EPS $4.50
Q4 2024 loss ratio 12.0%, up from 6.2% a year earlier and 7.2% in Q3 2024; total revenue $166.5 million
Board authorized an additional $250 million share repurchase plan effective through December 31, 2027
Fortinet reported fourth-quarter 2024 revenue of $1.66 billion, up 17.3% from a year earlier, and GAAP diluted EPS of $0.68 versus $0.40. It also issued 2025 revenue guidance of $6.650 billion to $6.850 billion, compared with full-year 2024 revenue of $5.96 billion. Chief Financial Officer Keith Jensen plans to retire on May 15, 2025, and Chief Accounting Officer Christiane Ohlgart is expected to succeed him, which shareholders may watch during the transition.
Q4 2024 revenue was $1.66 billion, up 17.3% from $1.42 billion; GAAP net income was $526.2 million.
GAAP diluted EPS was $0.68 for Q4 2024, compared with $0.40 a year earlier.
2025 guidance: revenue of $6.650 billion to $6.850 billion; Q1 2025 revenue of $1.500 billion to $1.560 billion.
Keith Jensen, 66, will retire May 15, 2025 and remain in service through June 30, 2025; Christiane Ohlgart is set to become CFO.
Phillips Edison & Company reported fourth quarter and full-year 2024 results and issued 2025 guidance. Fourth quarter net income attributable to stockholders rose to $18.1 million, or $0.15 per diluted share, from $13.5 million, or $0.11, a year earlier, and full-year Core FFO per share reached $2.43, up 3.8%. For 2025, the company guided Core FFO per share to $2.52 to $2.59, which it says represents 5.1% growth at the midpoint, and gross acquisitions of $350 million to $450 million.
Q4 2024 net income attributable to stockholders was $18.1 million, or $0.15 per diluted share, versus $13.5 million, or $0.11, in Q4 2023.
Q4 2024 Core FFO was $85.8 million, or $0.62 per diluted share, up 10.2%; full-year Core FFO was $2.43 per diluted share, up 3.8%.
2025 guidance: Core FFO per share $2.52 to $2.59; Nareit FFO per share $2.47 to $2.54; net income per share $0.54 to $0.59.
Conference call and webcast set for Friday, February 7, 2025, at 12:00 p.m. Eastern Time.
VeriSign reported fourth-quarter 2024 revenue of $395 million, up 3.9%, but net income fell to $191 million from $265 million, and diluted EPS fell to $2.00 from $2.60. The prior-year quarter included a $69.3 million income tax benefit. For full-year 2024, revenue rose 4.3% to $1.56 billion and diluted EPS rose to $8.00 from $7.90, while net income declined to $786 million from $818 million.
Q4 2024 revenue $395 million, up 3.9% from Q4 2023; Q4 operating income $264 million vs. $256 million
Q4 2024 net income $191 million and diluted EPS $2.00, vs. $265 million and $2.60 in Q4 2023, which included a $69.3 million tax benefit
Full-year 2024 revenue $1.56 billion, up 4.3%; diluted EPS $8.00 vs. $7.90; net income $786 million vs. $818 million
Full-year 2024 share repurchases totaled $1.21 billion; $1.02 billion remained under the program as of Dec. 31, 2024
CleanSpark reported fiscal first-quarter 2025 results for the quarter ended December 31, 2024, with revenue of $162.3 million, up 120% from $73.8 million a year earlier, and net income of $246.8 million, or $0.85 per basic share, compared with $25.9 million, or $0.14, in the prior-year period. The income statement includes a $218.2 million gain on the fair value of bitcoin, and adjusted EBITDA rose to $321.6 million from $69.1 million, which matters to shareholders because the reported profit increase was large relative to the prior year.
Revenue of $162.3 million, up $88.5 million, or 120%, from $73.8 million a year earlier
Net income of $246.8 million, or $0.85 per basic share, versus $25.9 million, or $0.14 per basic share
Adjusted EBITDA of $321.6 million, up from $69.1 million; the company said it closed a $650 million convertible bond
Power Integrations reported fourth-quarter 2024 revenue of $105.2 million, up 18% from a year earlier but down 9% from the prior quarter, with GAAP diluted EPS of $0.16 versus $0.25 a year earlier. For full-year 2024, revenue fell to $419.0 million from $444.5 million and GAAP diluted EPS fell to $0.56 from $0.97. The company guided first-quarter 2025 revenue to be flat with the fourth quarter, plus or minus five percent.
Q4 2024 net revenues were $105.2 million, up 18% year over year and down 9% from Q3 2024.
Q4 2024 GAAP diluted EPS was $0.16 and non-GAAP diluted EPS was $0.30, versus $0.25 and $0.22 a year earlier.
Full-year 2024 net revenues were $419.0 million versus $444.5 million in 2023; GAAP diluted EPS was $0.56 versus $0.97.
Q1 2025 outlook: revenue flat versus Q4 2024 plus or minus 5%; GAAP gross margin 55% to 55.5%.
Paylocity reported second-quarter fiscal 2025 results for the three months ended December 31, 2024, with total revenue of $377.0 million, up 16% from a year earlier. GAAP net income was $37.5 million, or $0.66 per diluted share, down from $38.1 million, or $0.67, a year earlier, and the company said it increased its revenue and profitability guidance for fiscal 2025.
Total revenue was $377.0 million, up 16%; recurring and other revenue was $347.7 million, up 17%.
GAAP net income was $37.5 million, or $0.66 per diluted share, versus $38.1 million, or $0.67, a year earlier.
Fiscal 2025 total revenue is now expected at $1.558 billion to $1.568 billion; adjusted EBITDA at $542.0 million to $550.0 million.
Long-term debt of $325.0 million reflects borrowings to fund the Airbase acquisition on October 1, 2024.
Qualys reported fourth-quarter 2024 revenue of $159.2 million, up 10% year over year, with GAAP net income of $44.0 million and GAAP diluted EPS of $1.19 versus $1.08 a year earlier. The company also guided 2025 revenue to $645.0 million to $657.0 million (6% to 8% growth) and non-GAAP diluted EPS to $5.50 to $5.90, below the $6.13 reported for 2024, and said it would increase its share repurchase program by $200 million.
Q4 2024 non-GAAP net income was $59.4 million, or $1.60 per diluted share, versus $1.40 a year earlier.
Full-year 2024 revenue was $607.6 million, up 10%, and GAAP net income was $173.7 million, or $4.65 per diluted share.
2025 guidance: full-year GAAP EPS of $3.62 to $4.02 and non-GAAP EPS of $5.50 to $5.90; Q1 2025 revenue of $155.5 million to $158.5 million.
Share repurchase program increased by $200 million; 2024 repurchases of common stock totaled $139.9 million.
Boyd Gaming reported fourth-quarter 2024 revenue of $1.0 billion, up from $954.4 million a year earlier, and net income of $170.5 million, or $1.92 per share, versus $92.6 million, or $0.94 per share, in the prior-year quarter. Full-year 2024 revenue rose to $3.9 billion, but full-year net income of $578.0 million was below $620.0 million in 2023, although diluted EPS was $6.19 compared with $6.12. The filing furnishes the earnings press release as Exhibit 99.1 and does not include forward guidance.
Q4 2024 adjusted earnings were $174.7 million, or $1.96 per share, compared with $163.8 million, or $1.66 per share, in Q4 2023.
Full-year 2024 adjusted earnings were $611.3 million, or $6.55 per share, versus $639.9 million, or $6.31 per share, in 2023.
The company repurchased $203 million of its shares in Q4 2024 and had about $640 million remaining under current authorizations as of December 31, 2024.
Prior-year Q4 results included $103.3 million in non-cash impairment charges.
StepStone reported results for the quarter ended December 31, 2024, with total revenues of $339.0 million, compared with negative $14.6 million a year earlier. The GAAP net loss attributable to StepStone widened to $192.0 million, or $2.61 per diluted share, as equity-based compensation rose to $486.4 million, while non-GAAP measures such as fee-related earnings and adjusted net income grew, and the board declared a $0.24 quarterly dividend.
GAAP net loss attributable to StepStone was $192.0 million, or $2.61 per diluted share, versus a loss of $20.2 million, or $0.32 per share, a year earlier.
Equity-based compensation was $486.4 million, compared with $14.0 million in the prior-year quarter.
Adjusted revenues were $243.9 million, up 32%; fee-related earnings were $74.1 million, up 46%; ANI per share was $0.44 versus $0.37.
Board declared a $0.24 per share quarterly dividend, payable March 14, 2025, to holders of record on February 28, 2025.
Exponent reported fourth-quarter 2024 total revenues of $136.8 million, up 11.3%, and net income of $23.6 million, or $0.46 per diluted share, versus $0.41 a year earlier. The company also raised its quarterly cash dividend from $0.28 to $0.30 per share and guided to first-quarter 2025 revenues down in the low-single digits and full-year 2025 revenues growing in the low-single digits.
Q4 2024 total revenues rose 11.3% to $136.8 million; net income rose to $23.6 million, or $0.46 per diluted share, from $20.9 million, or $0.41
Quarterly dividend increased from $0.28 to $0.30 per share, payable March 21, 2025 to holders of record as of March 7, 2025
Q1 2025 guidance: revenues before reimbursements down in the low-single digits; EBITDA 25.0% to 26.0% of revenues before reimbursements
Full-year 2025 guidance: revenues before reimbursements to grow in the low-single digits; EBITDA 26.25% to 27.0%
Neurocrine Biosciences reported fourth-quarter 2024 total revenues of $627.7 million, up from $515.2 million a year earlier, driven by INGREZZA net product sales of $615 million. GAAP net income fell to $103.1 million, or $1.00 per diluted share, from $147.7 million, or $1.44, as operating expenses rose, while non-GAAP diluted EPS rose to $1.69 from $1.54. The company also issued full-year 2025 INGREZZA net product sales guidance of $2.5 billion to $2.6 billion.
Q4 2024 total revenues $627.7 million vs. $515.2 million in Q4 2023; full-year 2024 total revenues $2,355.3 million vs. $1,887.1 million
Q4 2024 GAAP diluted EPS $1.00 vs. $1.44; non-GAAP diluted EPS $1.69 vs. $1.54, with the company citing $28 million of higher stock-based compensation tied to CRENESSITY approval and the CEO retirement charge
CRENESSITY fourth-quarter 2024 net product sales were $2 million, reflecting initial pharmacy orders after FDA approval in December 2024
Full-year 2025 guidance: INGREZZA net product sales of $2.5 billion to $2.6 billion; non-GAAP R&D of $890 million to $940 million and non-GAAP SG&A of $955 million to $975 million
Doximity reported fiscal third-quarter 2025 results for the quarter ended December 31, 2024, with revenue of $168.6 million, up 25% year over year, and net income of $75.2 million, up from $48.0 million. The company also issued fourth-quarter guidance of $132.5 million to $133.5 million in revenue and updated its fiscal 2025 revenue guidance to $564.6 million to $565.6 million.
Q3 revenue of $168.6 million versus $135.3 million a year earlier, up 25%
Diluted net income per share of $0.37 versus $0.24; adjusted EBITDA of $102.0 million, up 39%
Q4 guidance: revenue of $132.5 million to $133.5 million; adjusted EBITDA of $62.5 million to $63.5 million
Fiscal 2025 guidance updated to revenue of $564.6 million to $565.6 million and adjusted EBITDA of $306.6 million to $307.6 million
Expedia Group reported fourth-quarter 2024 revenue of $3.2 billion, up 10% from a year earlier, and gross bookings of $24.4 billion, up 13%. GAAP net income attributable to stockholders more than doubled to $299 million, and the board's Executive Committee declared a $0.40 quarterly dividend, reinstating a payout suspended in 2020 that shareholders will receive if they are on record by March 6, 2025.
Q4 2024 gross bookings were $24.4 billion, up 13%, and booked room nights were 86.4 million, up 12%.
Q4 2024 net income attributable to Expedia Group stockholders was $299 million, versus $132 million; diluted EPS was $2.20, versus $0.92.
Quarterly dividend of $0.40 per share: record date March 6, 2025; payable March 27, 2025.
In 2024, the company repurchased over 12 million shares for $1.6 billion.
Monolithic Power Systems reported fourth-quarter 2024 revenue of $621.7 million, up 36.9% from $454.0 million a year earlier, and non-GAAP diluted earnings of $4.09 per share, up from $2.88. GAAP diluted EPS of $29.88 was inflated by a $1.3 billion tax benefit from a foreign subsidiary. The board raised the quarterly dividend to $1.56 per share from $1.25 and approved a $500 million stock repurchase program that expires February 4, 2028.
Q4 2024 revenue of $621.7 million compared with $454.0 million a year earlier and $620.1 million in the prior quarter.
GAAP net income of $1.4 billion ($29.88 per diluted share) included a $1.3 billion tax benefit; non-GAAP net income was $198.4 million ($4.09 per diluted share).
First-quarter 2025 revenue outlook is $610.0 million to $630.0 million.
Dividend of $1.56 per share payable April 15, 2025 to holders of record as of March 31, 2025.
AGCO reported fourth-quarter and full-year 2024 results on February 6, 2025. Full-year net sales fell 19.1% to $11.7 billion, and reported net loss was $(5.69) per share, compared with net income of $15.63 per share in 2023, after impairment charges, restructuring costs and a $507.3 million loss on the sale of the Grain & Protein business. The company reaffirmed its 2025 outlook of net sales of about $9.6 billion and earnings per share of $4.00 to $4.50, which shareholders will watch as industry demand weakens.
Full-year 2024 adjusted net income was $7.50 per share, versus $15.55 in 2023 (non-GAAP).
Fourth-quarter 2024 net sales were $2.9 billion, down 24.0%, with a reported net loss of $(3.42) per share.
2025 outlook: net sales of about $9.6 billion, adjusted operating margin of about 7% to 7.5%, and earnings per share of $4.00 to $4.50.
Sonos reported first quarter fiscal 2025 revenue of $551 million, down from $613 million a year earlier, and GAAP net income of $50.2 million, down from $80.9 million. The company also disclosed a reorganization and reduction in force affecting about 12% of employees, with expected restructuring charges of $15 million to $18 million, mostly in the second quarter. Shareholders face lower reported profit and a restructuring charge, and the company will provide guidance only on its earnings call.
Revenue of $551 million versus $613 million in the prior-year quarter; Americas revenue was $325 million versus $392 million
GAAP diluted EPS of $0.40 versus $0.64 a year earlier; non-GAAP diluted EPS of $0.64 versus $0.84
Expected restructuring and related charges of $15 million to $18 million, substantially all for employee severance and benefits, mostly in fiscal Q2 2025
No numerical guidance in the release; the company will provide guidance on its first quarter earnings call
Darling Ingredients reported fourth-quarter 2024 net income of $101.9 million, or $0.63 per diluted share, up from $0.52 a year earlier, while net sales fell to $1.4 billion from $1.6 billion and Combined Adjusted EBITDA fell to $289.5 million from $350.9 million. For fiscal 2024, net income fell to $278.9 million from $647.7 million, and the company gave 2025 Combined Adjusted EBITDA guidance of $1.25 to $1.30 billion, compared with $1.08 billion in 2024.
Q4 2024 net income attributable to Darling was $101.9 million, or $0.63 per diluted share, versus $84.5 million, or $0.52, in Q4 2023.
Q4 2024 total net sales were $1.4 billion, down from $1.6 billion, reflecting lower finished product pricing.
Fiscal 2024 net income was $278.9 million, or $1.73 per diluted share, versus $647.7 million, or $3.99, in fiscal 2023.
2025 guidance calls for Combined Adjusted EBITDA of $1.25 to $1.30 billion, versus $1.08 billion for fiscal 2024.
Patrick Industries reported fourth-quarter 2024 net sales up 8% to $846 million, helped by acquisitions and higher Housing revenue, but operating income fell 31% to $40 million and diluted EPS dropped to $0.42 from $0.94. For full year 2024, net sales rose 7% to $3.7 billion while diluted EPS fell to $4.11 from $4.33. The board also declared a $0.40 quarterly dividend per share.
Q4 2024 net sales $846 million, up 8%; operating income $40 million, down 31%
Q4 2024 diluted EPS $0.42 versus $0.94 a year earlier; adjusted diluted EPS $0.52
Full year 2024 net sales $3.7 billion, up 7%; diluted EPS $4.11 versus $4.33 in 2023
Quarterly dividend of $0.40 per share, payable March 3, 2025, to holders of record on February 18, 2025
InterDigital reported fourth quarter 2024 revenue of $252.8 million, up from $105.5 million a year earlier, and diluted EPS of $4.09 versus $1.41. Full-year 2024 revenue was $868.5 million, up 58%, and the company raised its quarterly dividend from $0.45 to $0.60 per share, starting with the dividend paid in the second quarter of 2025. The company also gave full-year 2025 revenue guidance of $660 million to $760 million and diluted EPS guidance of $6.79 to $9.67.
Q4 2024 revenue $252.8 million vs. $105.5 million in Q4 2023; diluted EPS $4.09 vs. $1.41
Full-year 2024 revenue $868.5 million, up 58%; diluted EPS $12.07 vs. $7.62
Quarterly dividend increased from $0.45 to $0.60 per share, effective with the dividend paid in Q2 2025
2025 outlook: full-year revenue $660 million to $760 million; Q1 2025 revenue $112 million to $116 million
BorgWarner reported fourth quarter 2024 net sales of $3,439 million, down 2.4%, and a GAAP net loss of $(1.84) per diluted share, driven by $646 million of goodwill and fixed asset impairment charges. The company also gave 2025 guidance for net sales of $13.4 billion to $14.0 billion and GAAP earnings of $3.84 to $4.12 per diluted share, and declared a quarterly dividend of $0.11 per share.
Q4 2024 GAAP net loss of $(1.84) per diluted share, compared with earnings of $0.64 in Q4 2023; adjusted EPS was $1.01 versus $0.90
Full-year 2024 net sales of $14,086 million, down 0.8%; GAAP EPS $1.63 versus $2.70 in 2023
2025 guidance: net sales $13.4 billion to $14.0 billion, adjusted EPS $4.05 to $4.40, free cash flow $650 million to $750 million
Quarterly dividend of $0.11 per share, payable March 17, 2025, to holders of record on March 3, 2025
Ralph Lauren reported fiscal third-quarter 2025 results for the quarter ended December 28, 2024, with revenue up 11% to $2.1 billion and diluted earnings per share of $4.66, up 11% from $4.19 a year earlier. The company raised its full-year fiscal 2025 revenue and adjusted operating margin expansion outlook, which is a positive signal for shareholders.
Q3 diluted EPS was $4.66 reported and $4.82 adjusted, up 11% and 16% respectively from the prior year
Q3 revenue rose 11% to $2.1 billion, with North America up 7%, Europe up 16% and Asia up 14%
Full-year fiscal 2025 constant currency revenue growth is now expected at approximately 6% to 7%
Company repurchased approximately $74 million of Class A common stock in the third quarter
Insight Enterprises reported fourth-quarter 2024 net sales of $2.1 billion, down 7% year over year, and net earnings of $37.0 million, down 59%. For the full year, net sales fell 5% to $8.7 billion, while Adjusted diluted earnings per share were flat at $9.68 and gross margin reached a record 20.3%. The company expects 2025 Adjusted diluted earnings per share of $9.70 to $10.10.
Q4 2024 net sales were $2.1 billion, down 7%, while gross profit rose 1% to $439.6 million
Q4 2024 net earnings were $37.0 million and diluted earnings per share were $0.99, versus $2.42 a year earlier
Full year 2024 net sales were $8.7 billion, down 5%, and Adjusted diluted earnings per share were $9.68, flat year over year
2025 outlook: Adjusted diluted earnings per share of $9.70 to $10.10, with gross margin expected to remain approximately 20%
Gates Industrial reported fourth-quarter 2024 net sales of $829.4 million, down 3.9% from the prior-year quarter, and net income attributable to shareholders of $36.6 million, or $0.14 per diluted share, versus $0.24 a year earlier. For the full year, net sales fell 4.5% to $3,408.2 million and GAAP diluted EPS was $0.74, down from $0.84, while adjusted EBITDA rose to $761.1 million. The company also introduced 2025 guidance, including adjusted EBITDA of $735 million to $795 million and adjusted EPS of $1.36 to $1.52.
Q4 2024 net sales were $829.4 million, down 3.9%, with core sales down 2.6%, led by soft demand in Agriculture and Construction.
Q4 2024 net income attributable to shareholders was $36.6 million, or $0.14 per diluted share, compared with $0.24 a year earlier; adjusted EPS was $0.36 versus $0.37.
Full-year 2024 adjusted EBITDA was $761.1 million, up from $747.0 million, and operating cash flow was $379.6 million.
2025 guidance calls for adjusted EBITDA of $735 million to $795 million and adjusted EPS of $1.36 to $1.52.
Arrow Electronics reported fourth-quarter 2024 sales of $7.28 billion, down 7% from a year earlier, and GAAP diluted earnings of $1.86 per share, down from $3.54. For full-year 2024, sales fell 16% to $27.9 billion and GAAP diluted EPS was $7.29, versus $15.84 in 2023. The company said fourth-quarter sales and EPS were above the high end of its own guidance ranges and gave first-quarter 2025 guidance of $5.98 billion to $6.58 billion in sales.
Q4 2024 sales were $7.28 billion versus $7.85 billion in Q4 2023; GAAP diluted EPS was $1.86 versus $3.54, and non-GAAP EPS was $2.97 versus $3.98.
Full-year 2024 sales were $27.9 billion, down 16%, and GAAP diluted EPS was $7.29 versus $15.84 in 2023.
Q1 2025 outlook: consolidated sales of $5.98 billion to $6.58 billion and GAAP diluted EPS of $0.98 to $1.18.
The company said Q4 sales and EPS were above the high end of its guidance ranges.
Belden reported fourth-quarter 2024 revenue of $666 million, up 21% year over year, and GAAP EPS of $1.42, up from $0.91. For the full year, revenue fell 2% to $2,461 million and GAAP EPS fell to $4.80 from $5.66. The company guided first-quarter 2025 revenue to $605 million to $620 million and adjusted EPS to $1.43 to $1.53.
Q4 2024 revenue of $666 million, up 21% year over year and up 14% organically
Full-year 2024 revenue of $2,461 million, down 2%; GAAP EPS of $4.80 versus $5.66 a year earlier
Full-year 2024 adjusted EPS of $6.36, down 7% from $6.83
Q1 2025 guidance: revenue $605 million to $620 million; adjusted EPS $1.43 to $1.53
Under Armour reported third-quarter fiscal 2025 revenue down 6% to $1.4 billion, with net income of $1 million compared with $111 million a year earlier. The company raised its adjusted diluted EPS outlook to $0.28 to $0.30 from $0.24 to $0.27, while still expecting revenue to fall about 10% for the year, which matters to shareholders because results and guidance point in different directions.
Q3 revenue fell 6% to $1.4 billion; North America fell 8% to $844 million.
Q3 GAAP net income was $1 million; adjusted net income was $35 million; adjusted diluted EPS was $0.08.
Fiscal 2025 adjusted diluted EPS outlook raised to $0.28 to $0.30 from $0.24 to $0.27; GAAP diluted loss per share expected at $0.48 to $0.50.
Restructuring plan range increased to $140 million to $160 million; company had $727 million in cash at quarter end.
Maximus reported fiscal first-quarter 2025 revenue of $1.40 billion, up 5.7% from a year earlier, and raised its full-year fiscal 2025 adjusted diluted EPS guidance to $5.90 to $6.20. GAAP diluted EPS fell to $0.69 from $1.04 because of about $38 million in divestiture-related charges, which shareholders will weigh against the higher adjusted results and guidance.
Revenue rose 5.7% to $1.40 billion; U.S. Federal Services revenue rose 15.3% to $780.7 million.
Diluted EPS was $0.69 versus $1.04 a year earlier; adjusted diluted EPS was $1.61 versus $1.34.
Full-year fiscal 2025 revenue guidance is $5.2 billion to $5.35 billion, and free cash flow guidance is $355 million to $385 million.
Q1 cash used in operating activities was $80.0 million; the company bought back 3.1 million shares for $237 million in the quarter.
Acadian Asset Management reported fourth-quarter 2024 results, with total revenue up 27.9% to $167.8 million and net income attributable to controlling interests up 86.4% to $42.5 million. Diluted earnings per share were $1.13, compared with $0.54 a year earlier, and the board approved a $0.01 per share interim dividend. For shareholders, the filing shows higher earnings per share, aided in part by a lower average diluted share count from stock repurchases.
Q4 2024 total revenue was $167.8 million, up 27.9% from $131.2 million in Q4 2023.
U.S. GAAP diluted EPS was $1.13 versus $0.54 a year earlier; ENI diluted EPS was $1.30 versus $0.77.
Assets under management were $117.3 billion at December 31, 2024, with net inflows of $0.9 billion in the quarter.
The board declared a $0.01 per share interim dividend, payable March 28, 2025 to holders of record on March 14, 2025.
Intercontinental Exchange reported fourth-quarter and full-year 2024 results, with full-year net revenues of $9.3 billion, up 16% year over year, and full-year GAAP diluted EPS of $4.78, up 14%. Fourth-quarter net income attributable to ICE rose to $698 million from $373 million a year earlier, and the company said it expects to resume share repurchases in the first quarter of 2025.
Full-year 2024 GAAP diluted EPS was $4.78, up 14%; adjusted diluted EPS was $6.07, up 8%.
Q4 2024 GAAP diluted EPS was $1.21, versus $0.65 in Q4 2023; adjusted diluted EPS was $1.52 versus $1.33.
Full-year 2024 operating cash flow was $4.6 billion and adjusted free cash flow was $3.6 billion; dividends paid exceeded $1 billion.
2025 GAAP operating expense guidance is $4.915 billion to $4.965 billion; the company expects to resume share repurchases in the first quarter.
Air Products reported fiscal first-quarter 2025 results with GAAP EPS of $2.77, up 1%, and GAAP net income of $650 million, up 5%. The company kept its full-year fiscal 2025 adjusted EPS guidance of $12.70 to $13.00 and raised its quarterly dividend to $1.79 per share, while sales fell 2% to $2.9 billion.
GAAP net income of $650 million, up 5%; GAAP net income margin of 22.2%, up 150 basis points
Adjusted EPS of $2.86, up 1%; adjusted EBITDA of $1.2 billion, up 1%
First-quarter sales of $2.9 billion, down 2% from the prior year, with volumes down 2%
Fiscal 2025 adjusted EPS guidance of $12.70 to $13.00 maintained; second-quarter guidance of $2.75 to $2.85
HII reported fourth-quarter 2024 revenue of $3.0 billion and diluted earnings per share of $3.15, down from $3.2 billion and $6.90 a year earlier. The company said lower volume, weaker performance at Newport News Shipbuilding, and prior-year gains from a court judgment sale and an insurance settlement drove the decline. The release also gave 2025 outlook, including free cash flow of $300 million to $500 million, and year-end backlog of $48.7 billion.
Q4 2024 revenue was $3.0 billion, compared with $3.2 billion in Q4 2023; segment operating margin was 3.4%, versus 10.4%
Q4 2024 diluted EPS was $3.15, compared with $6.90 in Q4 2023; full-year 2024 diluted EPS was $13.96, versus $17.07
Full-year 2024 revenue was $11.5 billion, up less than 1%; net cash from operating activities was $393 million
FY25 outlook includes free cash flow of $300 million to $500 million; backlog was $48.7 billion as of December 31, 2024
Advanced Drainage Systems (ADS) reported unaudited results for the fiscal third quarter ended December 31, 2024, with net sales rising 4.3% while net income and diluted EPS fell. The company confirmed its previously issued fiscal 2025 targets of $2.900 billion to $2.975 billion in net sales and $880 million to $920 million in Adjusted EBITDA, and declared a $0.16 per share cash dividend, which matters to shareholders because profit fell even as sales grew.
Net sales rose $28.2 million, or 4.3%, to $690.5 million; net income fell 23.0% to $82.3 million
Diluted EPS was $1.04, down from $1.34; Adjusted EBITDA fell 6.2% to $191.5 million
Fiscal 2025 guidance was confirmed: net sales $2.900 billion to $2.975 billion, Adjusted EBITDA $880 million to $920 million
Cash dividend of $0.16 per share is payable March 14, 2025, to holders of record on February 28, 2025
IQVIA reported fourth-quarter 2024 revenue of $3,958 million, up 2.3% on a reported basis, and adjusted diluted EPS of $3.12, up 9.9%. GAAP diluted EPS fell 4.7% to $2.42, and the company reaffirmed its 2025 outlook while raising its share repurchase authorization by $2.0 billion to $3.013 billion.
Q4 2024 revenue was $3,958 million, up 2.3% reported and 3.0% at constant currency; full-year revenue was $15,405 million, up 2.8%.
Q4 GAAP net income was $437 million, down 6.8%; adjusted diluted EPS was $3.12, up 9.9%.
2025 guidance reaffirmed: revenue of $15,725 million to $16,125 million and adjusted diluted EPS of $11.70 to $12.10.
Board increased share repurchase authorization by $2,000 million on February 5, 2025; full-year 2024 repurchases totaled $1,350 million.
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