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).
Xcel Energy reported fourth-quarter and full-year 2024 results, with full-year GAAP earnings of $1.94 billion, or $3.44 per share, up from $3.21 in 2023. Full-year operating revenues fell to $13.44 billion from $14.21 billion, and the company reaffirmed its 2025 EPS guidance of $3.75 to $3.85 per share.
Full-year 2024 GAAP EPS was $3.44 versus $3.21 in 2023; ongoing EPS was $3.50 versus $3.35.
Fourth-quarter 2024 GAAP EPS was $0.81 versus $0.74 a year earlier; fourth-quarter ongoing EPS was $0.81 versus $0.83.
Full-year 2024 total operating revenues were $13.44 billion versus $14.21 billion in 2023.
Xcel Energy reaffirmed 2025 EPS guidance of $3.75 to $3.85 per share.
WEX reported fourth-quarter and full-year 2024 results, with Q4 revenue and adjusted earnings per share both down year over year while full-year revenue and adjusted EPS rose. The company also gave 2025 guidance of $2.60 billion to $2.66 billion in revenue and $14.65 to $15.25 in adjusted EPS per diluted share, a range that sits at or below the 2024 adjusted EPS of $15.28.
Q4 2024 revenue fell 4% to $636.5 million from $663.3 million; Q4 adjusted EPS was $3.57 versus $3.82, down 7%
Full-year 2024 revenue rose 3% to $2.63 billion; adjusted EPS rose 3% to $15.28 and GAAP EPS was $7.50
2025 guidance: revenue of $2.60 billion to $2.66 billion and adjusted EPS of $14.65 to $15.25; Q1 2025 adjusted EPS guidance is $3.35 to $3.50
Q4 2024 share repurchases totaled about $106 million; full-year repurchases totaled about $650 million
Corteva reported fourth-quarter 2024 net sales of $4.0 billion, up 7% from a year earlier, and a GAAP loss from continuing operations of $50 million, smaller than the $231 million loss in the prior-year quarter. For full-year 2024, net sales fell 2% to $16.9 billion and GAAP diluted EPS from continuing operations was $1.22, down from $1.30, while the company refined its 2025 net sales and Operating EPS outlook for currency effects and expects to repurchase about $1 billion of shares in 2025.
Q4 2024 net sales were $3,978 million, up 7%; Q4 GAAP loss from continuing operations was $50 million versus $231 million a year earlier.
Full-year 2024 net sales were $16,908 million, down 2%; GAAP diluted EPS from continuing operations was $1.22 versus $1.30 in 2023.
2025 guidance: net sales of $17.2 billion to $17.6 billion and Operating EPS of $2.70 to $2.95 per share, refined for the stronger U.S. dollar.
The company expects to repurchase approximately $1 billion of shares during 2025 and records approximately $150 million to $165 million in 2025 restructuring charges.
STERIS reported fiscal 2025 third-quarter results for the quarter ended December 31, 2024, with revenue up 6% to $1.4 billion and diluted EPS from continuing operations of $1.75, up from $1.49 a year earlier. The company lowered its fiscal 2025 revenue growth expectation to about 6% from 6.5% to 7.5% and narrowed its adjusted EPS range to $9.05 to $9.15 from $9.05 to $9.25, mainly due to currency. Shareholders get stronger quarterly growth alongside a less optimistic full-year outlook.
Q3 revenue rose 6% to $1.4 billion; diluted EPS from continuing operations was $1.75 versus $1.49
Adjusted diluted EPS was $2.32 versus $2.09 in the prior-year quarter
Fiscal 2025 revenue growth now expected at about 6%, versus prior expectations of 6.5% to 7.5%
Fiscal 2025 adjusted EPS now $9.05 to $9.15, versus $9.05 to $9.25; company cites about a ten cent negative currency impact
Weatherford reported fourth-quarter 2024 revenue of $1,341 million, down 2% from a year earlier, and net income attributable to the company of $112 million, down 20%. For full-year 2024, revenue rose 7% to $5,513 million and net income rose 21% to $506 million. The Board also declared a $0.25 per share quarterly dividend.
Q4 2024 revenue of $1,341 million fell 5% sequentially and 2% year-over-year; full-year revenue of $5,513 million rose 7%.
Q4 2024 diluted income per share was $1.50, compared with $1.90 in Q4 2023; full-year diluted income per share was $6.75, compared with $5.66.
CEO Girish Saligram cited a significant drop in activity in Latin America in the fourth quarter; Latin America revenue of $312 million fell 13% sequentially.
The Board declared a $0.25 per share dividend, payable March 19, 2025, to shareholders of record as of February 21, 2025.
Rayonier reported fourth quarter 2024 net income attributable to Rayonier of $327.1 million ($2.15 per share), up from $126.9 million a year earlier, with $291.1 million of that income from Large Dispositions. Adjusted EBITDA rose 23% to $115.1 million, but the company's 2025 Adjusted EBITDA guidance of $270-300 million is below the $298.8 million reported for full-year 2024, and its 2025 guidance excludes any further asset sales.
Q4 2024 net income attributable to Rayonier was $327.1 million ($2.15 per share), versus $126.9 million ($0.85 per share) in Q4 2023
Q4 2024 Adjusted EBITDA was $115.1 million, versus $93.7 million in the prior year quarter
2025 guidance: net income attributable to Rayonier of $79-100 million, EPS of $0.51-0.64, and Adjusted EBITDA of $270-300 million, versus $298.8 million for full-year 2024
Real Estate segment Adjusted EBITDA is guided to $86-96 million for 2025, down from the 'exceptionally strong' 2024 results
Safehold reported fourth-quarter 2024 results, with revenue of $91.9 million, down 11% from $103.0 million a year earlier, and GAAP earnings per share of $0.36 versus $0.58. For the full year, revenue rose 4% to $365.7 million and GAAP net income attributable to common shareholders was $105.8 million, compared with a loss of $55.0 million in 2023, a year that included a $145.4 million goodwill impairment. The mixed picture matters to shareholders because the quarterly decline and the full-year gain are driven by different factors.
Q4 2024 revenue was $91.9 million, down 11% from $103.0 million; Q4 GAAP EPS was $0.36 versus $0.58.
FY 2024 GAAP EPS was $1.48, compared with a loss of $0.82 in FY 2023, which included a $145.4 million goodwill impairment.
FY 2024 EPS excluding merger, Caret-related costs, non-recurring gains and prior-period credit loss provisions was $1.57, up 8% from $1.45.
Q4 GAAP net income fell 37% year over year, mainly because of a derivative hedge gain recorded in Q4 2023.
UDR reported fourth-quarter 2024 net loss per diluted share of $(0.02), compared with $0.10 a year earlier, and FFOA per diluted share of $0.63, flat year over year. The results include a $37.3 million non-cash loan reserve tied to a joint venture loan, and the company set full-year 2025 FFOA guidance of $2.45 to $2.55 per diluted share, which compares with $2.48 in 2024.
Q4 2024 net income per diluted share was $(0.02), versus $0.10 in Q4 2023; FFO per diluted share was $0.48, below the $0.61 to $0.63 guidance range.
Q4 2024 FFOA per diluted share was $0.63, flat year over year and above the $0.62 to $0.64 guidance range.
Full-year 2025 FFOA guidance is $2.45 to $2.55 per diluted share, versus $2.48 in 2024; the loan reserve is expected to reduce 2025 FFOA by about $0.02 per diluted share.
The board set a 2025 annualized dividend of $1.72 per share, a 1.2% increase, and the company will search for a new chief financial officer.
Deluxe reported fourth quarter and full year 2024 results and gave a full year 2025 outlook. Full year revenue fell 3.2% to $2,121.8 million, but net income rose to $52.9 million from $26.2 million, helped by cost management and lower restructuring spend. Fourth quarter net income fell 16.0% to $12.6 million, and the company guided 2025 revenue to $2.090 to $2.155 billion.
Full year 2024 revenue was $2,121.8 million, down 3.2% from $2,192.3 million in 2023; comparable adjusted revenue fell 1.2%.
Full year 2024 GAAP diluted EPS was $1.18 versus $0.59 in 2023; comparable adjusted diluted EPS rose 7.9% to $3.26.
Fourth quarter 2024 net income was $12.6 million, down from $15.0 million a year earlier.
2025 outlook: revenue of $2.090 to $2.155 billion, adjusted EBITDA of $415 to $435 million, adjusted diluted EPS of $3.25 to $3.55, and free cash flow of $120 to $140 million.
Impinj reported fourth-quarter and full-year 2024 results on February 5, 2025. Fourth-quarter revenue was $91.6 million, up from $70.7 million a year earlier, and full-year GAAP net income was $40.8 million, which included $45.0 million of litigation settlement income. The company guided to first-quarter 2025 revenue of $70.0 million to $73.0 million and a GAAP net loss, and Chief Revenue Officer Jeff Dossett will depart effective February 21, 2025.
Q4 2024 revenue of $91.6 million versus $70.7 million in Q4 2023; GAAP net loss of $2.7 million, or $0.09 per diluted share
Full-year 2024 GAAP net income of $40.8 million, or $1.39 per diluted share, including $45.0 million from litigation settlement income
Q1 2025 outlook: revenue of $70.0 million to $73.0 million; GAAP net loss of $16.8 million to $15.3 million, or $0.59 to $0.53 per share
Chief Revenue Officer Jeff Dossett intends to retire and will leave the company effective February 21, 2025
Envista reported fourth-quarter 2024 sales of $652.9 million, up 1.1% from a year earlier, and GAAP net income of $1.2 million, compared with a loss of $217.4 million in the same quarter of 2023. Adjusted diluted EPS fell to $0.24 from $0.29, and adjusted EBITDA declined to $91.0 million, so headline profit measures moved in different directions. The company also issued full-year 2025 guidance and reported a full-year 2024 net loss of $1,118.6 million, driven by a $1,153.8 million goodwill and intangible asset impairment.
Q4 2024 sales were $652.9 million, with core sales up 2.0%; GAAP diluted EPS was $0.01 versus a loss of $1.27 a year earlier
Q4 2024 adjusted EBITDA was $91.0 million, down from $100.5 million, with a margin of 13.9% versus 15.6%
Full-year 2024 net loss was $1,118.6 million, including a $1,153.8 million goodwill and intangible asset impairment
2025 guidance calls for core sales growth of 1% to 3%, adjusted EBITDA margin of about 14%, and adjusted EPS of $0.95 to $1.05, compared with full-year 2024 adjusted EPS of $0.73
EnerSys reported third-quarter fiscal 2025 net sales of $906.2 million, up 5.2% from a year earlier but below its $920 million to $960 million guidance, and adjusted diluted EPS of $3.12, above its $3.00 to $3.10 guidance. The company cut its full-year net sales forecast to $3,603 million to $3,643 million from $3,675 million to $3,765 million, while raising its full-year adjusted EPS forecast to $9.97 to $10.07 from $9.65 to $9.95, and declared a $0.24 quarterly dividend.
Q3 net sales $906.2 million, up 5.2%, but below the $920 million to $960 million guidance
Q3 adjusted diluted EPS $3.12 versus $2.56 a year earlier and guidance of $3.00 to $3.10; GAAP diluted EPS $2.88
Full-year fiscal 2025 net sales guidance lowered to $3,603 million to $3,643 million; adjusted EPS guidance raised to $9.97 to $10.07
Quarterly dividend of $0.24 per share payable March 28, 2025 to holders of record as of March 14, 2025
Mid-America Apartment Communities reported fourth quarter 2024 results on February 5, 2025. Diluted earnings per share rose to $1.42 from $1.37, but Core FFO per diluted share fell to $2.23 from $2.32, and full-year Core FFO per share declined to $8.88 from $9.17. Its initial 2025 Core FFO guidance midpoint of $8.77 is below the 2024 result, which may matter to shareholders weighing the company's near-term earnings outlook.
Q4 2024 diluted EPS $1.42 vs. $1.37 a year earlier; full-year 2024 EPS $4.49 vs. $4.71
Q4 2024 Same Store revenue down 0.2% and Same Store NOI down 2.1% year over year
2025 guidance: Core FFO per diluted share $8.61 to $8.93 (midpoint $8.77); EPS $5.51 to $5.83
Q1 2025 Core FFO guidance $2.08 to $2.24 per diluted share; quarterly dividend of $1.515 per share
SiTime reported fourth-quarter and full-year 2024 results on February 5, 2025. Revenue grew sharply, but the company still posted GAAP net losses for both periods, and the filing gives no revenue or earnings guidance for 2025. Non-GAAP net income was positive, but that measure excludes stock-based compensation and acquisition-related costs.
Q4 2024 net revenue was $68.1 million, up 18% from $57.7 million in Q3 2024 and up 61% from the year-ago period.
Full-year 2024 net revenue was $202.7 million, up 41% from $144.0 million in 2023.
Q4 2024 GAAP net loss was $18.8 million, or $0.80 per diluted share; non-GAAP net income was $11.8 million, or $0.48 per diluted share.
Full-year 2024 GAAP net loss was $93.6 million, or $4.05 per diluted share; non-GAAP net income was $22.2 million, or $0.93 per diluted share.
Sonos said it is reorganizing and reducing its workforce by about 12%, with its interim CEO Tom Conrad citing about 200 eliminated positions. The company expects $15 million to $18 million in restructuring charges, mostly employee severance and benefits, largely in the fiscal second quarter of 2025, and says the changes are meant to improve its operating model and cost structure.
Reduction in force covers approximately 12% of employees; the CEO's letter cites about 200 positions eliminated
Estimated restructuring and related charges of $15 million to $18 million, substantially all severance and benefits
Charges expected to be incurred substantially in fiscal Q2 2025; actual amounts may differ materially
First quarter fiscal 2025 results to be released before market open on February 6, 2025, with a call at 4:15 p.m. Eastern Time
Corpay reported fourth quarter 2024 revenue up 10% to $1,034.4 million, while GAAP net income fell 4% to $246.0 million, which includes about $37 million of net charges and gains. Adjusted EPS rose 21% to $5.36, and the company gave 2025 guidance of $4,350 million to $4,450 million in revenue and $20.75 to $21.25 in adjusted EPS, citing worse foreign exchange, fuel price and interest rate outlooks since November.
Q4 2024 revenue rose 10% to $1,034.4 million; GAAP diluted EPS was $3.44 versus $3.48 a year earlier
Q4 adjusted diluted EPS rose 21% to $5.36; GAAP results include a $90.0 million goodwill impairment and a $121.3 million gain on disposition of a business
2025 guidance: revenue of $4,350 million to $4,450 million and adjusted diluted EPS of $20.75 to $21.25
Company said its 2025 earnings growth outlook is adversely impacted by foreign exchange, fuel price and interest rate trends
ePlus reported results for the three and nine months ended December 31, 2024, with third-quarter net sales up 0.4% to $511.0 million but net earnings down 11.5% to $24.1 million. The company updated its fiscal 2025 outlook to net sales of $2.07 billion to $2.11 billion and adjusted EBITDA of $165.0 million to $171.0 million, and the filing does not state the prior range, so the direction of the change is not stated.
Q3 net sales rose 0.4% to $511.0 million; net earnings fell 11.5% to $24.1 million
Q3 diluted EPS was $0.91 vs $1.02 a year earlier; non-GAAP diluted EPS was $1.06 vs $1.18
Nine-month net sales fell 6.0% to $1,570.7 million; net earnings fell 11.7% to $82.8 million
Fiscal 2025 net sales now expected at $2.07 billion to $2.11 billion; adjusted EBITDA at $165.0 million to $171.0 million
Ford reported fourth-quarter 2024 net income of $1.8 billion, compared with a loss of $0.5 billion a year earlier, on revenue of $48.2 billion. For full-year 2024, adjusted EBIT was $10.2 billion, down from $10.4 billion in 2023, and the company forecast 2025 adjusted EBIT of $7.0 billion to $8.5 billion, below 2024's level, with first-quarter 2025 adjusted EBIT expected to be roughly breakeven.
Q4 2024 revenue rose 5% to $48.2 billion; diluted EPS was $0.45 versus a loss of $0.13 a year earlier
Full-year 2024 net income was $5.9 billion and diluted EPS was $1.46, up from $1.08; adjusted EPS fell to $1.84 from $2.01
2025 outlook: adjusted EBIT of $7.0 billion to $8.5 billion, adjusted free cash flow of $3.5 billion to $4.5 billion, and capital spending of $8 billion to $9 billion
Board declared a first-quarter regular dividend and a supplemental dividend of $0.15 per share each, payable March 3 to holders of record on Feb. 18
Align Technology reported fourth-quarter 2024 revenue of $995.2 million, up 4.0% from a year earlier, while GAAP net income fell 16.3% to $103.8 million, or $1.39 per diluted share, in a quarter that included $37.0 million of restructuring and other charges. For fiscal 2024, revenue rose 3.5% to $4.0 billion while net income fell 5.3% to $421.4 million. The company guided first-quarter 2025 revenue to $965 million to $985 million and expects low single-digit revenue growth for 2025, citing unfavorable foreign exchange.
Q4 2024 GAAP net income was $103.8 million, or $1.39 per diluted share, versus $124.0 million, or $1.64, a year earlier; non-GAAP diluted EPS was $2.44.
Fiscal 2024 revenue was $4.0 billion, up 3.5%, and GAAP diluted EPS was $5.62, versus $5.81 in 2023.
Q1 2025 revenue outlook is $965 million to $985 million, down sequentially from Q4 2024.
Company repurchased $352.9 million of common stock in 2024 and reported $1,043.9 million in cash and cash equivalents as of December 31, 2024.
Digi International reported first fiscal quarter 2025 results for the period ended December 31, 2024. Revenue fell 2% to $104 million, while net income was $10 million compared with a net loss of $3 million a year earlier, and the company left its fiscal 2025 outlook unchanged.
Revenue was $104 million, down 2% from the prior-year quarter.
Net income was $10 million, or $0.27 per diluted share, compared with a net loss of $3 million, or $0.08 per diluted share.
Annualized Recurring Revenue was $120 million at quarter end, up 11%.
Outstanding debt was reduced to $95.0 million, and fiscal 2025 guidance was unchanged, with revenue and Adjusted EBITDA projected to be flat year over year.
Connection reported fourth-quarter 2024 net sales of $708.9 million, up 1.8% year over year, but net income fell 12.9% to $20.7 million, or $0.78 per diluted share. For the full year, net sales declined 1.7% to $2.8 billion while net income rose 4.6% to $87.1 million, or $3.29 per diluted share. The board also declared a quarterly dividend of $0.15 per share, payable March 14, 2025.
Q4 2024 gross margin was 18.3%, down 30 basis points; gross profit was flat at $129.8 million.
Full-year 2024 gross margin rose 60 basis points to 18.6%; Adjusted EBITDA fell 5% to $118.9 million.
Quarterly dividend of $0.15 per share is payable March 14, 2025, to shareholders of record on February 25, 2025.
Q4 Public Sector Solutions net sales rose 42.9% to $143.7 million, while Enterprise Solutions fell 6.4% to $302.7 million.
FormFactor reported fiscal fourth-quarter 2024 revenue of $189.5 million, down 8.9% from the third quarter but up 12.7% from a year earlier, and full-year revenue of $764 million, up 15.2%. The company guided first-quarter 2025 revenue to $170 million plus or minus $5 million, below the fourth-quarter level, and said it is acquiring a 20% minority stake in FICT Limited with MBK Partners for approximately US$60M.
Q4 revenue $189.5 million, down from $207.9 million in Q3 fiscal 2024 and up from $168.2 million in Q4 fiscal 2023.
Q4 GAAP diluted EPS $0.12 versus $0.97 a year earlier, which included a $73.0 million gain from the sale of FRT; non-GAAP diluted EPS $0.27 versus $0.20.
FormFactor invests approximately US$60M in a consortium with MBK Partners to acquire FICT Limited; it will hold a 20% non-controlling stake, expected to close within the current quarter.
AOS reported fiscal second-quarter 2025 results for the quarter ended December 31, 2024, with revenue of $173.2 million, down 4.8% from the prior quarter and up 4.8% from a year earlier. GAAP net loss was $6.6 million, or $0.23 per diluted share, compared with a $2.9 million loss, or $0.10 per share, a year earlier. The company expects fiscal third-quarter revenue of about $158 million, plus or minus $10 million, which is below the current quarter.
Revenue $173.2 million, down 4.8% from the prior quarter and up 4.8% year over year
GAAP net loss $6.6 million ($0.23 per diluted share) vs. $2.9 million loss ($0.10) a year earlier
Non-GAAP net income $2.7 million, or $0.09 per diluted share; GAAP gross margin 23.1%
Fiscal Q3 outlook (quarter ending March 31, 2025): revenue approximately $158 million, plus or minus $10 million; GAAP gross margin 21.5%, plus or minus 1%
PTC reported first-quarter fiscal 2025 revenue of $565 million, up 3% from $550 million, and GAAP EPS of $0.68 versus $0.55, while non-GAAP EPS was $1.10 versus $1.11. The company lowered its full-year fiscal 2025 revenue and EPS guidance, which matters to shareholders because the outlook for the year is now lower than previously stated.
Q1 fiscal 2025 revenue was $565 million, up 3% from $550 million; GAAP EPS was $0.68 versus $0.55 and non-GAAP EPS was $1.10 versus $1.11.
FY2025 revenue guidance was lowered to $2.43 billion to $2.53 billion from $2.505 billion to $2.605 billion.
FY2025 non-GAAP EPS guidance was lowered to $5.30 to $6.00 from $5.60 to $6.30.
Q1 operating cash flow was $238 million, up 27%, and the company repurchased $75 million of its stock.
ITW reported fourth quarter and full year 2024 results, with revenue down 1.3% in both periods while GAAP earnings per share rose. The company also initiated 2025 guidance calling for GAAP EPS of $10.15 to $10.55 and a total revenue decline of 1% to 3%, so shareholders face a mixed picture of higher per-share earnings on lower sales.
Q4 2024 revenue was $3.9 billion, down 1.3%; organic revenue fell 0.5%
Q4 GAAP EPS was $2.54, up 7%; full-year GAAP EPS was $11.71, which includes one-time items of $0.30 (LIFO change) and $1.26 (Wilsonart sale), with adjusted EPS of $10.15
2025 guidance: GAAP EPS of $10.15 to $10.55 and total revenue decline of 1% to 3%, including a foreign currency headwind of $0.30 per share
Full-year 2024 free cash flow was $2.8 billion, and the company returned $3.2 billion to shareholders through dividends and buybacks
NOV reported fourth-quarter 2024 revenue of $2.31 billion, down 1% from a year earlier, and net income of $160 million, or $0.41 per diluted share, versus $598 million a year earlier. That prior-year figure included a $485 million release of deferred tax valuation allowances. For the first quarter of 2025, management expects revenue to fall 1% to 3% year over year and Adjusted EBITDA of $235 million to $265 million.
Q4 2024 operating profit rose 29% to $207 million; Adjusted EBITDA rose 3% to $302 million.
Q4 2024 net income was $160 million, or $0.41 per diluted share, compared with $598 million, or $1.51 per diluted share, in Q4 2023.
Full-year 2024 revenue was $8.87 billion, up $287 million, and full-year net income was $635 million, down from $993 million.
NOV returned $337 million to shareholders in 2024 and expects to return at least 50% of Excess Free Cash Flow annually.
American Financial Group reported fourth-quarter 2024 net earnings of $255 million ($3.03 per share), down from $263 million ($3.13 per share) a year earlier, while core net operating earnings rose to $262 million ($3.12 per share) from $238 million ($2.84). For full-year 2024, diluted EPS was $10.57 versus $10.05 in 2023, and the company said its 2025 plan would result in core operating EPS of approximately $10.50.
Q4 2024 net earnings were $255 million ($3.03 per share), versus $263 million ($3.13) in Q4 2023, including $7 million in after-tax non-core realized losses.
Q4 2024 core net operating earnings were $262 million ($3.12 per share), versus $238 million ($2.84) in Q4 2023.
Full-year 2024 diluted EPS was $10.57 versus $10.05 in 2023; full-year core net operating EPS was $10.75.
For 2025, the company expects core operating EPS of approximately $10.50, and estimates Southern California wildfire losses of $60 to $70 million.
Griffon Corporation reported fiscal first-quarter 2025 results for the period ended December 31, 2024. Net income rose to $70.9 million, or $1.49 per diluted share, from $42.2 million, or $0.82, a year earlier, while revenue fell 2% to $632.4 million. Management said it is on track to meet its financial targets for the year.
Revenue was $632.4 million, down 2% from $643.2 million a year earlier.
Adjusted EBITDA rose 13% to $131.2 million, and adjusted earnings per share were $1.39 versus $1.07.
Free cash flow was $142.7 million, and $390.3 million remained under the share repurchase authorization at December 31, 2024.
Net debt was $1.32 billion, with leverage of 2.4x net debt to EBITDA.
CDW reported fourth-quarter 2024 net sales up 3.3% to $5.2 billion, but net income fell 10.8% and diluted EPS fell 9.8% to $1.97, while full-year net sales declined 1.8% to $21.0 billion. The company also raised its share repurchase authorization by $750 million and declared a quarterly dividend of $0.625 per share.
Q4 2024 net sales were $5.2 billion, up 3.3% from $5.0 billion, while gross profit margin fell to 22.3% from 23.0%.
Q4 2024 diluted EPS was $1.97 versus $2.18 a year earlier; full-year 2024 diluted EPS was $7.97 versus $8.10.
Board authorized a $750 million increase to the buyback program, incremental to $588 million unused as of December 31, 2024.
Quarterly dividend of $0.625 per share is payable March 11, 2025 to holders of record on February 25, 2025.
Performance Food Group reported fiscal second-quarter 2025 net sales up 9.4% to $15.6 billion and Adjusted EBITDA up 22.5% to $423.0 million, but net income fell 45.8% to $42.4 million and diluted EPS fell 46.0% to $0.27, mainly due to higher interest expense from recent acquisitions. The company raised its full-year fiscal 2025 net sales and Adjusted EBITDA outlook, which matters to shareholders because the higher sales forecast is paired with lower reported profit so far.
Q2 net sales rose 9.4% to $15.6 billion, driven by recent acquisitions including Cheney Brothers.
Q2 net income fell $35.9 million to $42.4 million, primarily due to a $38.8 million increase in interest expense.
Full-year fiscal 2025 net sales outlook raised to about $63 billion to $64 billion from $62.5 billion to $63.5 billion.
Full-year Adjusted EBITDA outlook raised to $1.725 billion to $1.8 billion from $1.7 billion to $1.8 billion.
Reynolds Consumer Products reported fourth-quarter 2024 net income of $121 million, down 12% from a year earlier, while full-year 2024 net income rose 18% to $352 million on lower operating costs and lower interest expense. The company expects full-year 2025 net revenues to fall by low single digits from $3,695 million and forecasts Adjusted EBITDA of $670 million to $690 million, which shareholders will weigh against 2024 results.
Q4 2024 net income was $121 million, down 12% from $137 million; diluted EPS was $0.58 versus $0.65.
Full-year 2024 net revenues were $3,695 million versus $3,756 million in 2023, while net income rose to $352 million from $298 million.
2025 guidance: net revenues down low single digits; Adjusted EBITDA of $670 million to $690 million; Adjusted EPS of $1.61 to $1.68.
Board approved a quarterly dividend of $0.23 per share, payable February 28, 2025, to holders of record on February 14, 2025.
RXO reported fourth-quarter 2024 revenue of $1.7 billion, up from $1.0 billion a year earlier, while swinging to a GAAP net loss of $20 million from net income of $2 million. Adjusted EBITDA rose to $42 million, but gross margin fell to 15.5% from 18.0%, and the company expects first-quarter 2025 adjusted EBITDA of $20 million to $30 million.
Q4 2024 GAAP diluted loss per share was $0.12; adjusted diluted EPS was $0.06, the same as in Q4 2023.
Q4 GAAP net loss included $34 million in transaction, integration, restructuring and other costs.
RXO expects Q1 2025 adjusted EBITDA of $20 million to $30 million and Brokerage gross margin of 12% to 14%.
The company raised its Coyote Logistics cost synergy estimate to at least $50 million annualized.
Stanley Black & Decker reported fourth quarter 2024 net sales of $3.7 billion, flat versus the prior year, and diluted EPS of $1.28, compared with a diluted loss of $2.03 a year earlier. For full year 2024, revenue fell 3% to $15.4 billion, while diluted EPS was $1.95 versus a loss of $2.07 in 2023. The company's 2025 planning assumptions, which exclude new tariffs, include adjusted EPS of $5.25 and free cash flow of $750 million, but management said tariff planning remains a factor.
Q4 2024 net sales were $3.7 billion, flat versus prior year; Q4 diluted EPS was $1.28 versus a diluted loss of $2.03 in Q4 2023.
Q4 adjusted EPS was $1.49; full year 2024 revenue was $15.4 billion, down 3%, and full year adjusted EPS was $4.36.
2025 planning assumptions excluding new tariffs: adjusted EPS of $5.25 (+/- $0.50), GAAP EPS of $4.05 (+/- $0.65), and free cash flow of $750 million (+/- $100 million).
Full year 2024 free cash flow was $753 million, which supported $1.1 billion in total debt reduction.
Workday announced a restructuring plan to eliminate about 1,750 positions, or 8.5% of its current workforce, and to exit certain owned office space. The company expects fiscal 2025 fourth-quarter and full-year results to be in line with or above prior guidance, except for GAAP operating margin, which will be reduced by the charges from the plan.
Plan expected to cost $230 million to $270 million, with $60 million to $70 million recognized in the fourth quarter of fiscal 2025 and the rest in the first quarter of fiscal 2026
About $145 million to $175 million of the charges are future cash expenditures for severance and related costs; about $50 million to $60 million are non-cash stock-based compensation; about $35 million are non-cash office space impairment c
Actions expected to be substantially complete by the second quarter of fiscal 2026; fourth-quarter GAAP operating margin expected to be 22 to 23 percentage points below non-GAAP margin
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