1,024 material Form 8-K filings that 832 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).
StoneX entered a February 5, 2025 employment agreement with Group President Charles Lyon, setting his bonus structure and severance terms. On February 11, 2025, it amended Sean O'Connor's prior agreement so he no longer participates in the annual bonus or long-term incentive plan. The filing gives no financial results, and the impact on shareholders is limited to executive pay terms.
Lyon's annual bonus is paid about 70% in cash and 30% in restricted stock, with shares priced at a 25% discount to fair market value.
O'Connor's agreement was amended on February 11, 2025, removing his eligibility for the Annual Bonus and LTIP.
Full agreements will be filed as exhibits to the Form 10-Q for the quarter ending March 31, 2025.
On February 11, 2025, International Paper's board appointed David A. Robbie as an independent director, effective immediately, and approved an Executive Severance Plan covering named executive officers. The board now has 11 members, 10 of them independent, and Robbie joins the Audit and Finance and Public Policy and Environment committees. The severance plan sets payment multiples for executives, so shareholders may want to note its potential cost if executives are terminated.
David A. Robbie appointed independent director effective February 11, 2025; he will stand for re-election at the May 2025 shareowners meeting
Robbie previously served on the DS Smith board since 2019; International Paper acquired DS Smith on January 31, 2025
Severance Plan sets a 2x Total Cash Compensation multiple for CEO Andrew K. Silvernail and 1.5x for other named executive officers
Silvernail's outplacement cap is $75,000; other named executive officers' cap is $40,000
Acadia reported fourth-quarter and full-year 2024 results on February 11, 2025. Q4 net earnings were $0.07 per share, up from a loss of $0.02 a year earlier, and FFO Before Special Items rose to $0.32 per share from $0.28; full-year 2024 net earnings were $0.19 per share versus $0.20 in 2023. The company set initial 2025 FFO Before Special Items guidance of $1.30-$1.39 per diluted share and raised its quarterly dividend 5.3% to $0.20 per share.
Q4 2024 net income was $8.2 million, or $0.07 per share, versus a net loss of $1.6 million, or $0.02 per share, in Q4 2023
Q4 2024 FFO Before Special Items was $0.32 per share versus $0.28; full-year 2024 net earnings were $0.19 per share versus $0.20
2025 guidance: net earnings of $0.22-$0.27 per diluted share and FFO Before Special Items of $1.30-$1.39 per diluted share, versus $1.28 in 2024
Quarterly dividend raised 5.3% to $0.20 per common share, payable April 15, 2025 to holders of record as of March 31, 2025
PennyMac Mortgage Investment Trust closed an underwritten offering of $172.5 million in 9.00% Senior Notes due 2030 on February 11, 2025, including $22.5 million from the underwriters' full exercise of their over-allotment option. The notes add fixed-rate debt that the company must repay with interest, and they are guaranteed by subsidiary PennyMac Corp.
Notes carry a 9.00% annual interest rate, paid quarterly, with the first payment on May 15, 2025, and maturity on February 15, 2030.
The company may redeem the notes at 100% of principal plus accrued interest on or after February 15, 2027, on at least 30 days' notice.
On a change of control, holders can require repurchase at 101% of principal plus accrued interest.
The notes are approved for listing on the New York Stock Exchange under the symbol PMTV, with trading expected within 30 days.
Monarch Casino & Resort reported fourth-quarter 2024 net revenue of $134.5 million, up 4.9%, and net income of $25.5 million, up 40.1%, with diluted EPS of $1.36 versus $0.93 a year earlier. For full year 2024, net revenue rose 4.1% to $522.2 million and net income rose 14.1% to $94.1 million. The company also declared a $0.30 per share cash dividend payable March 15, 2025, to holders of record on March 1, 2025.
Q4 2024 net revenue $134.5 million, up 4.9% from $128.2 million
Q4 2024 net income $25.5 million, up 40.1%; diluted EPS $1.36 vs. $0.93
Full-year 2024 net revenue $522.2 million (up 4.1%); net income $94.1 million (up 14.1%)
Cash dividend of $0.30 per share payable March 15, 2025, to holders of record March 1, 2025
Everus Construction Group reported fourth quarter 2024 revenue of $759.7 million, up 19.5%, but net income fell to $34.4 million from $36.4 million and diluted EPS fell to 67 cents from 72 cents. For full year 2024, net income rose 4.5% to $143.4 million and diluted EPS rose to $2.81, and the company initiated 2025 guidance of $3.0 billion to $3.1 billion in revenue and $210 million to $225 million in EBITDA, below the $232.2 million reported for 2024.
Q4 2024 revenue $759.7 million, up 19.5%; EBITDA $58.3 million, up 0.2%, with margin down 150 basis points to 7.7%
Full year 2024 revenue $2.85 billion, flat; net income $143.4 million, up 4.5%; diluted EPS $2.81 versus $2.69
2025 guidance: revenue $3.0 billion to $3.1 billion; EBITDA $210 million to $225 million, with margins expected to be lower than 2024
Spinoff from MDU Resources completed Oct. 31, 2024; year-end backlog $2.8 billion, up 38.3%
NCR Voyix said Eric Schoch is leaving his role as Executive Vice President and President, Retail, effective immediately, and moving to an operational role focused on product strategy. Darren Wilson, previously President, International, succeeds him in the retail and payments role, also effective immediately. The filing discloses no change to Schoch's compensation or benefits and no financial results, so the change is a management reshuffle rather than a shift in reported performance.
Eric Schoch departs as EVP and President, Retail, effective February 11, 2025, and will lead key strategic product initiatives reporting to CEO James G. Kelly
Darren Wilson appointed EVP and President, Retail and Payments, effective February 11, 2025; he previously served as EVP and President, International
Schoch's compensation, benefits and participation in the 2024 Executive Severance Plan are unchanged
Brighthouse Financial reported fourth-quarter 2024 net income available to shareholders of $646 million, or $10.79 per diluted share, compared with a net loss of $942 million, or $14.70 per share, a year earlier. Adjusted earnings were $304 million, or $5.07 per diluted share, up from $177 million, or $2.73, while annuity sales fell 5% year over year. For shareholders, the company also repurchased $250 million of stock in 2024, reducing shares outstanding by about 8%.
Q4 2024 net income available to shareholders: $646 million ($10.79 per diluted share), versus a net loss of $942 million ($14.70) in Q4 2023
Q4 2024 adjusted earnings: $304 million ($5.07 per diluted share), versus $177 million ($2.73) in Q4 2023; includes a $48 million unfavorable notable item
Full-year 2024 net income available to shareholders: $286 million ($4.64 per diluted share), versus a net loss of $1,214 million in 2023
Company repurchased $250 million of common stock in 2024 and about $25 million more through February 7, 2025; holding company liquid assets were $1.1 billion
Eversource reported full-year 2024 GAAP earnings of $811.7 million, or $2.27 per share, compared with a 2023 loss of $442.2 million, and non-GAAP recurring EPS of $4.57, up from $4.34. It forecast 2025 earnings of $4.67 to $4.82 per share and introduced a five-year $24.2 billion investment plan for 2025 to 2029, which includes $1.2 billion of planned equity issuance. Fourth-quarter GAAP results included a $298.3 million after-tax loss on the pending sale of the Aquarion Water Company, which is expected to close by late 2025.
Full-year 2024 GAAP EPS was $2.27, compared with a 2023 loss of $(1.26) per share; fourth-quarter 2024 GAAP EPS was $0.20
Non-GAAP recurring EPS was $4.57 for 2024, up from $4.34 in 2023; 2025 EPS guidance is $4.67 to $4.82 per share
Five-year investment plan of $24.2 billion for 2025 to 2029, an increase of $2.1 billion over the prior plan
Expects to raise $1.2 billion of equity over 2025 to 2029, with the majority expected in the latter half of the period
Pebblebrook's board approved 2025 compensation for its executive officers on February 7, 2025, with a structure substantially the same as 2024. Pay combines base salary, a cash bonus tied to 2025 objectives, and long-term equity awards, with 60% of equity subject to performance-based vesting over 2025-2027.
Jon E. Bortz's 2025 target cash incentive bonus is $1,390,000 on a base salary of $840,000; Raymond D. Martz and Thomas C. Fisher each have a $590,000 target bonus on a $560,000 base salary.
Time-based grants vest in one-third increments on January 1, 2026, 2027 and 2028; Bortz received 112,168 LTIP Units, and Martz and Fisher received 47,426 units each (Fisher's as Restricted Share Units).
Performance units cover a three-year period ending December 31, 2027, with 70% tied to relative TSR and 30% to absolute TSR.
Bonus objectives include Adjusted FFO per share (30% of target), completed dispositions (20%) and a hurricane recovery goal for LaPlaya (10%).
Edwards Lifesciences reported fourth-quarter 2024 results on February 11, 2025, with net sales up 9% to $1.39 billion and GAAP diluted EPS of $0.58, compared with $0.55 a year earlier. The company reiterated its 2025 sales and adjusted EPS guidance and gave first-quarter 2025 projections, so the results and outlook are steady for shareholders.
Q4 2024 net sales were $1,385.8 million, up from $1,266.4 million a year earlier.
Q4 2024 GAAP diluted EPS was $0.58 versus $0.55; adjusted diluted EPS was $0.59.
2025 guidance reiterated: constant currency sales growth of 8% to 10% and adjusted EPS of $2.40 to $2.50.
Q1 2025 outlook: total sales of $1.35 billion to $1.43 billion and adjusted EPS of $0.58 to $0.64.
Primerica reported fourth-quarter 2024 results with total revenues of $788.1 million, up 12%, and net income from continuing operations of $167.7 million, up 9%. Diluted earnings per share from continuing operations rose 14% to $4.98, and the company raised its quarterly dividend 16% to $1.04 per share, which matters to shareholders because it reflects higher profit per share and added capital returned to them.
Diluted adjusted operating earnings per share were $5.03, up 17%; full-year 2024 diluted EPS from continuing operations was $20.99, up 28%
Investment and Savings Products sales rose 41% to $3.3 billion; client asset values reached a record $112.1 billion
Board approved a new $450 million share repurchase program through December 31, 2025, after $44.4 million of Q4 buybacks
Dividend of $1.04 per share is payable March 14, 2025, to holders of record on February 21, 2025
Eagle Bancorp disclosed leadership changes: Executive Chair Norm Pozez will not stand for re-election as a director when his term ends at the 2025 Annual Meeting, and Susan Riel, the current President and CEO, has assumed the role of Chair, Chief Executive Officer and President. Eric Newell (CFO) and Ryan Riel were promoted to Senior Executive Vice President, with a further announcement on their new responsibilities expected soon.
Norm Pozez, Executive Chair, will not stand for re-election; his term expires at the 2025 Annual Meeting of Shareholders
Susan Riel now serves as Chair, Chief Executive Officer and President
Eric Newell and Ryan Riel promoted to Senior Executive Vice President; the company says new responsibilities and reporting structure will be announced later
Pozez's 32,646 performance-based RSUs and 21,764 time-based restricted shares awarded February 12, 2024 will continue vesting on original schedules
Assurant reported fourth-quarter and full-year 2024 results on February 11, 2025, with GAAP net income up 10% in the quarter to $201.3 million and up 18% for the year to $760.2 million. Full-year GAAP net income per diluted share rose 21% to $14.46, and the company expects modest growth in 2025 Adjusted EBITDA and Adjusted EPS excluding reportable catastrophes, or high-single-digit growth excluding 2024 favorable prior year development.
Q4 2024 GAAP net income per diluted share was $3.87, up 13% from $3.42; Q4 Adjusted EBITDA rose 6% to $381.4 million.
Full-year 2024 Adjusted earnings, excluding reportable catastrophes, per diluted share rose 19% to $20.35.
2025 outlook calls for modest growth in Adjusted EBITDA and Adjusted EPS excluding reportable catastrophes, and high-single-digit growth excluding $107 million of 2024 favorable prior year development.
Holding company liquidity was $673 million at December 31, 2024; 2024 share repurchases and dividends totaled $456 million.
Mirion reported fourth-quarter 2024 revenue of $254.3 million, up 10.4%, and GAAP net income of $15.9 million versus a net loss of $14.5 million a year earlier. The company reaffirmed its 2025 guidance from its December 2024 Investor Day and introduced adjusted EPS guidance of $0.45 to $0.50 per share, giving shareholders a clearer view of 2025 profitability.
Q4 2024 revenue was $254.3 million, up from $230.4 million a year earlier.
Q4 adjusted EBITDA was $69.6 million, up 14.1% from $61.0 million; GAAP net income was $15.9 million versus a $14.5 million net loss.
Full-year 2024 net loss attributable to stockholders was $36.1 million, compared with $96.9 million in 2023.
2025 guidance: adjusted EBITDA of $215 million to $230 million, adjusted free cash flow of $85 million to $110 million, and adjusted EPS of $0.45 to $0.50.
InvenTrust Properties reported fourth-quarter 2024 net income of $9.8 million, or $0.13 per diluted share, up from $2.9 million, or $0.04, a year earlier. The Board also approved a 5% dividend increase and the company gave initial 2025 guidance for Core FFO of $1.79 to $1.83 per diluted share, compared with $1.73 for 2024.
Q4 2024 Core FFO was $0.43 per diluted share, up from $0.41 in Q4 2023; Nareit FFO was flat at $0.45
Full-year 2024 Core FFO was $1.73 per diluted share, up from $1.65 in 2023
Initial 2025 guidance: Net Income $0.27 to $0.33 per diluted share and Core FFO $1.79 to $1.83
Annual dividend rate rises 5% to $0.9508 per share, with the next quarterly dividend of $0.2377 expected in April 2025
Kite Realty Group reported fourth-quarter 2024 net income attributable to common shareholders of $21.8 million, or $0.10 per diluted share, up from $8.0 million, or $0.04, a year earlier. Full-year 2024 net income fell to $4.1 million, or $0.02 per share, from $47.5 million, mainly because of a $66.2 million impairment charge; the company also gave initial 2025 guidance of $1.98 to $2.04 per diluted share for Core FFO and declared a first-quarter 2025 dividend of $0.27 per share, up 8.0% year over year.
Q4 2024 Core FFO of the Operating Partnership was $115.8 million, or $0.52 per diluted share, compared with $0.47 in Q4 2023
Full-year 2024 net income was reduced by a $66.2 million impairment charge; excluding it, net income would have been $70.3 million, or $0.32 per diluted share
2025 guidance: net income of $0.45 to $0.51 per diluted share, NAREIT FFO of $2.02 to $2.08, and Core FFO of $1.98 to $2.04
Dividend of $0.27 per share payable on or about April 16, 2025, to holders of record as of April 9, 2025
IAC reported fourth-quarter 2024 revenue of $989.3 million, down 6% from a year earlier, and a net loss of $199.0 million, compared with net earnings of $327.8 million in Q4 2023. The loss reflects a $287.4 million unrealized loss on its MGM Resorts stake, while operating income rose to $50.6 million from a loss of $37.0 million. The board also approved a plan to spin off its full Angi Inc. stake, and CEO Joey Levin will step down upon completion of the spin-off.
Q4 2024 revenue $989.3 million, down 6%; Adjusted EBITDA $142.0 million, down 9%
Diluted loss per share $(2.39) in Q4 2024 versus earnings of $3.70 per share in Q4 2023
FY 2025 Adjusted EBITDA outlook of $345 million to $425 million
Free cash flow $289.0 million for 2024, up from $48.2 million in 2023
Exelixis reported fourth-quarter 2024 total revenues of $567 million, up from $480 million a year earlier, and GAAP diluted EPS of $0.48, up from $0.27. For fiscal 2024, total revenues were $2.17 billion and GAAP net income was $521.3 million, compared with $1.83 billion and $207.8 million in 2023. The company kept its 2025 financial guidance unchanged, and that guidance does not include any impact from a possible U.S. approval of CABOMETYX for neuroendocrine tumors.
Q4 2024 net product revenues were $515.2 million, versus $429.3 million in Q4 2023.
Q4 2024 non-GAAP diluted EPS was $0.55, versus $0.33 a year earlier.
2025 total revenues guidance is $2.15 billion to $2.25 billion, unchanged from prior guidance.
The FDA's PDUFA target action date for CABOMETYX in advanced neuroendocrine tumors is April 3, 2025.
Toll Brothers extended the maturity dates of its revolving credit facility and its $650 million term loan to February 7, 2030, and increased the revolver's total commitments from $1.955 billion to $2.35 billion. The filing describes these as changes made under the existing terms of the agreements, with no other provisions modified, which gives the company longer-dated borrowing capacity.
Revolving credit agreement maturity extended from February 14, 2028 to February 7, 2030
Revolving commitments increased from $1.955 billion to $2.35 billion
All $650 million of outstanding term loan maturities extended to February 7, 2030
Registrant and substantially all 100% owned home building subsidiaries guarantee both facilities
Mercury General reported fourth-quarter 2024 net income of $101.1 million, or $1.82 per diluted share, down from $191.4 million, or $3.46, a year earlier, while net premiums earned rose 18.1% to $1.35 billion. The company also estimated net pre-tax catastrophe losses of $155 million to $325 million from the January 2025 California wildfires, which may weigh on first-quarter 2025 results and shareholder returns.
Q4 2024 net income was $101.1 million ($1.82 per diluted share) versus $191.4 million ($3.46) in Q4 2023; full-year 2024 net income was $468.0 million ($8.45 per diluted share).
Q4 2024 combined ratio was 91.4%, compared with 98.6% in Q4 2023; operating income per diluted share was $2.78 versus $1.15.
Estimated net pre-tax wildfire catastrophe losses are $155 million to $325 million, based on estimated gross losses of $1.6 billion to $2.0 billion; the Board declared a quarterly dividend of $0.3175 per share payable March 27, 2025.
DoorDash reported fourth-quarter and full-year 2024 results, with revenue up 25% year over year and GAAP net income attributable to common stockholders of $141 million, compared with a loss of $154 million in the year-earlier quarter. The company also gave a first-quarter 2025 Adjusted EBITDA outlook of $550 million to $600 million and authorized up to $5.0 billion in share repurchases.
Q4 2024 revenue was $2.9 billion, up 25% Y/Y; GAAP net income attributable to common stockholders was $141 million versus a $(154) million loss in Q4 2023.
Q4 2024 Adjusted EBITDA was $566 million, up from $363 million in Q4 2023.
Q1 2025 outlook: Marketplace GOV of $22.6 billion to $23.0 billion and Adjusted EBITDA of $550 million to $600 million.
On February 11, 2025, the board authorized repurchases of up to $5.0 billion of Class A common stock, inclusive of the remaining $876 million under the prior authorization.
United Fire Group reported fourth quarter 2024 net income of $31.4 million, or $1.21 per diluted share, up from $19.6 million a year earlier, and full year net income of $62.0 million, compared with a net loss of $29.7 million in 2023. The combined ratio improved to 94.4% in the quarter from 99.2%, and the company said it expects its fixed maturity portfolio to generate over $80 million of annualized fixed maturity income. The filing furnishes the earnings release and gives no formal earnings guidance.
Q4 2024 net income was $31.4 million ($1.21 per diluted share) versus $19.6 million ($0.77 per diluted share) in Q4 2023; adjusted operating income was $1.25 per diluted share versus $0.65.
Full year 2024 net income was $62.0 million ($2.39 per diluted share), compared with a net loss of $29.7 million in 2023.
Q4 2024 net written premiums rose 13% to $278.5 million; the combined ratio improved to 94.4% from 99.2%, and the company estimated wildfire losses of $7 million to $10 million.
Allison Transmission reported record full-year 2024 net sales of $3.2 billion, up 6% from 2023, and diluted EPS of $8.31, up 12%. Fourth-quarter diluted EPS was $2.01 versus $1.91 a year earlier, while fourth-quarter adjusted EBITDA and adjusted free cash flow both declined, and the company guided to 2025 net sales of $3.2 billion to $3.3 billion and net income of $735 million to $785 million.
Full-year 2024 net sales were $3,225 million, up $190 million, and net income was $731 million.
Fourth-quarter 2024 net sales were $796 million, up 3%, and diluted EPS was $2.01 versus $1.91 a year earlier.
Fourth-quarter adjusted EBITDA fell to $270 million from $277 million, and adjusted free cash flow fell to $136 million from $186 million.
2025 guidance calls for net sales of $3,200 million to $3,300 million and adjusted free cash flow of $635 million to $685 million.
Sensata reported fourth-quarter 2024 revenue of $907.7 million, down 8.5% from a year earlier, and adjusted EPS of $0.76, down 6.2%. GAAP EPS was $0.04, compared with a loss of $1.34 a year earlier, which reflects a $321.7 million goodwill impairment charge in the prior-year quarter. For the first quarter of 2025, the company guided to revenue of $870 million to $890 million and adjusted EPS of $0.70 to $0.73, both below fourth-quarter 2024 levels.
Q4 2024 revenue was $907.7 million, down $84.8 million or 8.5%; adjusted operating income was $174.9 million, down 4.8%.
Full-year 2024 revenue was $3.93 billion, down 3.0%; adjusted EPS was $3.44, down 4.7%; GAAP EPS was $0.85 versus a loss of $0.03 in 2023.
Q1 2025 guidance: revenue $870 million to $890 million and adjusted EPS $0.70 to $0.73, versus Q4 2024 revenue of $907.7 million and adjusted EPS of $0.76.
CFO Brian Roberts expects full-year 2025 revenue to be organically flat with 2024 at approximately $3.6 billion, after about $300 million of revenue exited in 2024.
Agree Realty reported fourth quarter and full year 2024 results on February 11, 2025, and gave initial 2025 AFFO per share guidance of $4.26 to $4.30. Quarterly Core FFO and AFFO per share rose, while fourth quarter net income per share fell 5.7%, so shareholders see mixed quarterly earnings alongside higher funds from operations.
Q4 2024 net income per share fell 5.7% to $0.41, while full year net income per share rose 4.8% to $1.78
Q4 2024 Core FFO per share rose 3.5% to $1.02 and AFFO per share rose 4.7% to $1.04
2025 guidance: AFFO per share of $4.26 to $4.30 and investment volume of $1.1 to $1.3 billion
Year-end liquidity was over $2.0 billion, including about $1.1 billion of Credit Facility availability
Red Rock Resorts reported fourth quarter 2024 net revenues of $495.7 million, up 7.1%, while net income fell 19.5% to $87.7 million. For the full year, net revenues rose 12.5% to $1.94 billion, but net income declined 13.8% to $291.3 million, so revenue growth did not carry through to profit for shareholders.
Q4 2024 Adjusted EBITDA was $202.4 million, up 0.5% from $201.3 million in Q4 2023.
Q4 2024 diluted earnings per Class A share were $0.76, versus $0.95 in Q4 2023.
Board declared a $0.25 per Class A share dividend for Q1 2025, payable March 31, 2025 to holders of record on March 17, 2025.
Director Timothy A. Holt told MGIC Investment Corporation on February 9, 2025 that he does not intend to stand for re-election when his current term ends at the Annual Meeting of Shareholders on April 24, 2025. The filing states his decision was not due to any disagreement with the company's operations, policies or practices.
Director Timothy A. Holt informed the company on February 9, 2025 of his decision
He will not stand for re-election when his term ends at the April 24, 2025 Annual Meeting of Shareholders
The filing states there was no disagreement on operations, policies or practices
United Community Banks entered into a one-year employment agreement with Richard W. Bradshaw, who continues as Executive Vice President and Chief Banking Officer, effective February 10, 2025. The agreement sets a minimum base salary of $675,000 and includes severance terms if he is terminated without cause or resigns for good reason, which shareholders may view as a retention and compensation commitment for a senior executive.
Agreement effective February 10, 2025, for a one-year term that renews automatically each year unless notice of nonrenewal is given
Base salary not less than $675,000; target annual cash incentive at least 100% of base salary
Severance upon termination without cause or for good reason includes 1.5 times base salary plus target incentive, plus 18 months of COBRA premiums
NNN REIT reported results for the fourth quarter and full year ended December 31, 2024, with full-year revenue of $869.3 million, up from $828.1 million, and full-year Core FFO of $3.32 per share, up from $3.26. It also issued 2025 guidance of $3.33 to $3.38 per share for Core FFO, above the 2024 level, while full-year diluted net earnings per share edged down to $2.15 from $2.16.
Full-year 2024 revenue was $869.3 million versus $828.1 million in 2023; full-year diluted net earnings per share were $2.15 versus $2.16.
Fourth-quarter 2024 revenue was $218.5 million versus $216.2 million, and diluted net earnings per share were $0.52 versus $0.53.
2025 guidance: Core FFO of $3.33 to $3.38 per share and AFFO of $3.39 to $3.44 per share; acquisition volume of $500 to $600 million.
Occupancy was 98.5% at December 31, 2024, and the annual dividend per share was increased to $2.29.
IPG Photonics reported fourth-quarter 2024 revenue of $234.3 million, down 22% from a year earlier, and diluted EPS of $0.18 versus $0.89. The company guided to first-quarter 2025 revenue of $210 million to $240 million and said its chief accounting officer, Thomas J. Burgomaster, will retire March 1, 2025, succeeded by Mary E. Buttarazzi.
Q4 2024 revenue $234.3 million, down 22% year over year; net income attributable to the company $7.8 million versus $41.4 million
Full-year 2024 operating loss of $208.3 million and net loss of $181.5 million, including a $190.2 million net loss from divestiture and sale of assets
Q1 2025 guidance: revenue $210 million to $240 million; adjusted EPS $0.05 to $0.35; adjusted EBITDA $19 million to $35 million
Mary E. Buttarazzi named Vice President, Corporate Controller and Chief Accounting Officer effective March 1, 2025
Marriott reported fourth quarter 2024 total revenues of $6,429 million, up 5% from a year earlier, but net income fell to $455 million from $848 million and adjusted diluted EPS fell 31% to $2.45. The prior-year quarter included $228 million of tax benefits and a $223 million tax valuation allowance release, which the company cited as a reason for the year-over-year decline. The company also gave a 2025 adjusted diluted EPS forecast of $9.82 to $10.19, compared with $9.33 for 2024.
Q4 2024 total revenues $6,429 million vs $6,095 million; worldwide RevPAR up 5.0 percent
Q4 reported diluted EPS $1.63 vs $2.87; adjusted diluted EPS $2.45 vs $3.57
Q4 adjusted EBITDA $1,286 million, up 7 percent from $1,197 million
2025 full-year adjusted diluted EPS forecast $9.82 to $10.19; first quarter 2025 forecast $2.20 to $2.26
Cytokinetics' Board appointed Robert E. Landry as a director on February 10, 2025, filling a vacant seat as a Class II member with a term expiring at the 2027 annual meeting, and also named him to the Audit Committee. The Board determined he is independent, and the filing describes his director pay, including a $440,000 annual equity grant and a one-time option grant with a $700,000 fair value.
Robert E. Landry appointed to fill a vacant Board seat effective February 10, 2025; term expires at the 2027 annual meeting.
Named to the Board's Audit Committee; annual retainer of $12,500 for that role plus a $50,000 Board retainer.
Annual equity grant with a $440,000 grant date fair value; one-time Initial Grant option with a $700,000 grant date fair value vesting over three years.
AutoNation reported fourth quarter 2024 revenue of $7.2 billion, up 8% on a same-store basis, but diluted EPS fell 8% to $4.64 and net income fell 14% to $186.1 million. For full year 2024, revenue fell 1% to $26.8 billion and diluted EPS fell 26% to $16.92, while the company repurchased $460 million of stock, a 7% share reduction.
Q4 2024 same-store new vehicle retail unit sales rose 12%, while new vehicle gross profit fell $23 million to $212 million.
Q4 adjusted EPS was $4.97, compared with $5.02 a year earlier.
Full-year 2024 net income was $692.2 million, down 32% from $1,021.1 million in 2023.
Leverage was reduced to 2.4X at the end of Q4, and the company reported $1.3 billion of liquidity at December 31, 2024.
Carrier reported fourth quarter 2024 sales of $5.1 billion, up 19% including 6% organic growth, and adjusted EPS from continuing operations of $0.54, up 50%. GAAP EPS from continuing operations was a loss of $0.05, driven mainly by a tax charge of approximately $650 million tied to an internal business reorganization. For 2025, Carrier expects adjusted EPS of $2.95 to $3.05 and plans to repurchase about $3 billion in shares.
Q4 2024 sales $5.1 billion, up 19%; organic growth 6%
Q4 GAAP EPS from continuing operations ($0.05); adjusted EPS $0.54
Full-year 2024 adjusted EPS $2.56, up 16%; GAAP EPS $1.22
2025 guidance: sales $22.5 to $23.0 billion; adjusted EPS $2.95 to $3.05
Curbline Properties reported fourth quarter 2024 net income attributable to Curbline of $11.5 million, or $0.11 per diluted share, up from $7.6 million, or $0.07, a year earlier, and Operating FFO of $23.8 million, or $0.23 per diluted share, up from $17.9 million, or $0.17. The company also projected 2025 net income of $0.48 to $0.56 per diluted share and Operating FFO of $0.97 to $1.01 per diluted share, which shareholders can compare against future results.
Q4 2024 net income attributable to Curbline: $11.5 million ($0.11 per diluted share) vs. $7.6 million ($0.07) in Q4 2023
Q4 2024 Operating FFO: $23.8 million ($0.23 per diluted share) vs. $17.9 million ($0.17) in Q4 2023
Full-year 2024 net income attributable to Curbline was $10.3 million, down from $31.0 million in 2023, with $30.8 million of transaction costs cited in the income statement
2025 guidance: net income of $0.48 to $0.56 per diluted share; Operating FFO of $0.97 to $1.01 per diluted share
Humana reported a fourth-quarter 2024 GAAP net loss of $5.76 per share, compared with a $4.42 loss a year earlier, while fourth-quarter revenue rose to $29.2 billion from $26.5 billion. The company reaffirmed its 2025 outlook, with GAAP EPS guidance of approximately $15.88 and an expected individual Medicare Advantage membership decline of approximately 550,000. Shareholders face a wider quarterly loss and lower full-year EPS, partly offset by higher revenue and unchanged 2025 guidance.
4Q24 GAAP net loss per share of $5.76 versus $4.42 in 4Q23; Adjusted net loss per share of $2.16 versus $0.11 in 4Q23
FY 2024 GAAP EPS of $9.98 versus $20.00 in FY 2023; Adjusted EPS of $16.21 versus $26.09
4Q24 GAAP revenue of $29.2 billion versus $26.5 billion in 4Q23; FY 2024 revenue of $117.8 billion versus $106.4 billion
FY 2025 GAAP EPS guidance of approximately $15.88 (Adjusted approximately $16.25); individual Medicare Advantage membership expected to decline by approximately 550,000
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