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).
PG&E Corporation reported full-year 2024 GAAP earnings of $1.15 per share, up from $1.05 in 2023, and non-GAAP core earnings of $1.36 per share, up from $1.23. Fourth-quarter GAAP earnings fell to $0.30 per share from $0.43 a year earlier, and total operating revenues were essentially flat at $24.4 billion. The company raised its 2025 non-GAAP core EPS guidance to $1.48 to $1.52 per share and reaffirmed 2025 GAAP EPS guidance of $1.30 to $1.36.
Full-year 2024 GAAP EPS of $1.15 and non-GAAP core EPS of $1.36, compared with $1.05 and $1.23 in 2023
Fourth-quarter 2024 GAAP EPS of $0.30 versus $0.43 and non-GAAP core EPS of $0.31 versus $0.47 a year earlier
2025 non-GAAP core EPS guidance raised to $1.48 to $1.52 from $1.47 to $1.51; GAAP guidance reaffirmed at $1.30 to $1.36
Operating cash flow was $8.0 billion in 2024, up from $4.7 billion in 2023
Tootsie Roll reported fourth-quarter 2024 net sales of $191.4 million, down 2% from a year earlier, and net earnings of $22.5 million, or $0.32 per share, down 22%. The results include an $11.0 million non-cash write-off of deferred tax assets after the Board revoked a prior tax deductibility action, and excluding that charge, net earnings rose 14% to $33.5 million.
Q4 2024 net sales were $191.4 million versus $195.4 million in Q4 2023, a decrease of 2%.
Q4 2024 net earnings were $22.5 million, or $0.32 per share, versus $29.4 million, or $0.41 per share, a decline of 22% per share.
The $11.0 million non-cash deferred tax asset write-off reduced Q4 2024 net earnings; excluding it, net earnings would have been $33.5 million, up 14%.
Full-year 2024 net sales were $715.5 million versus $763.3 million, and net earnings were $86.8 million, or $1.22 per share, versus $1.28 per share in 2023.
Pilgrim's Pride reported fourth-quarter 2024 net sales of $4.4 billion, down 3.5% from the prior-year quarter, while GAAP diluted EPS rose to $0.99 from $0.57. For the full year, net sales rose 3.0% to $17.9 billion and GAAP diluted EPS rose to $4.57 from $1.36, so profit grew faster than sales in both periods.
Q4 2024 net sales were $4.4 billion, down 3.5%; the prior-year quarter had 14 weeks, per the filing's footnote.
Q4 GAAP net income was $235.9 million, with diluted EPS of $0.99 versus $0.57 a year earlier.
Q4 Adjusted EBITDA was $525.7 million, a 12.0% margin, up from $309.5 million (6.8%) a year earlier.
Full-year 2024 net sales were $17.9 billion, up 3.0%, and GAAP net income was $1.1 billion; a conference call is set for Feb. 13, 2025 at 7 a.m. MT.
OUTFRONT Media disclosed that Chief Revenue Officer Clive Punter will leave the company effective March 31, 2025. The separation is without Cause under his December 8, 2017 employment agreement, and he will receive the payments and benefits provided under that agreement.
Clive Punter, Chief Revenue Officer, separates effective March 31, 2025
Separation is without Cause under his Employment Agreement dated December 8, 2017
Mr. Punter is entitled to payments and benefits under that agreement; amounts are not stated in the filing
Antero Midstream reported fourth quarter 2024 net income of $111 million, or $0.23 per diluted share, a 10% per share increase from the prior year quarter. The company also issued 2025 guidance calling for net income of $445 million to $485 million and adjusted EBITDA of $1.08 billion to $1.12 billion, a 5% increase at the midpoint.
Q4 2024 net income was $111 million ($0.23 per diluted share), up 10% per share; adjusted EBITDA was $274 million, up 8%.
Full-year 2024 net income was $401 million ($0.83 per diluted share); full-year adjusted EBITDA was $1.05 billion, up 6%.
2025 guidance: net income of $445 million to $485 million and adjusted EBITDA of $1.08 billion to $1.12 billion.
In Q4 2024 the company repurchased 1.9 million shares for $29 million, leaving about $471 million under its $500 million authorization as of December 31, 2024.
Antero Resources reported fourth quarter 2024 net income of $150 million, up from $82 million a year earlier, and Adjusted Net Income of $181 million (non-GAAP). For 2025 it raised its maintenance production target by 50 MMcfe/d to 3.35 to 3.45 Bcfe/d and cut its drilling and completion capital budget by $25 million at the midpoint to $650 million to $700 million. Full-year 2024 net income was $57 million, down from $198 million in 2023.
Q4 2024 net income was $150 million vs. $82 million in Q4 2023; Adjusted EBITDAX was $332 million vs. $322 million
Q4 2024 net cash provided by operating activities was $278 million vs. $312 million a year earlier; Free Cash Flow was $159 million
2025 production guidance raised to 3.35 to 3.45 Bcfe/d; drilling and completion capital budget cut to $650 million to $700 million
Full-year 2024 Free Cash Flow was $73 million; estimated proved reserves were 17.9 Tcfe at year end 2024, flat from the prior year before sales of reserves in place
MSA Safety reported fourth quarter and full year 2024 results. Fourth quarter net sales rose 1% to $500 million, and GAAP diluted EPS rose 15% to $2.22 from $1.93. Full year net sales were $1.8 billion, up 1%, and full year GAAP diluted EPS was $7.21 versus $1.48 in 2023, a figure that included a $129 million divestiture loss in 2023. Full year free cash flow fell 39% to $242 million, and the company expects low-single-digit full-year organic sales growth in 2025.
Q4 2024 net sales $500 million, up 1% GAAP and 2% organic; adjusted diluted EPS $2.25 versus $2.06
Full year 2024 net sales $1.8 billion, up 1%; adjusted diluted EPS $7.70 versus $7.03
Full year 2024 free cash flow $242 million versus $397 million in 2023
2025 outlook: low-single-digit full-year organic sales growth; conference call February 13, 2025 at 10:00 a.m. Eastern
Getty Realty reported fourth-quarter 2024 net earnings of $0.39 per share, up from $0.30 a year earlier, and full-year 2024 AFFO of $2.34 per share, up from $2.25. The company lowered its 2025 AFFO guidance to $2.38 to $2.41 per diluted share from $2.40 to $2.42, citing the potential impact of a recent tenant bankruptcy filing, which lowers the outlook shareholders were given.
Q4 2024 net earnings were $0.39 per share versus $0.30 in Q4 2023; Q4 AFFO was $0.60 per share versus $0.57.
Full-year 2024 AFFO was $2.34 per share, a 4.0% increase from $2.25 in 2023.
2025 AFFO guidance was cut to $2.38 to $2.41 per diluted share from $2.40 to $2.42, due to a recent tenant bankruptcy filing.
The company invested $209.0 million across 78 properties in 2024 at an 8.3% initial cash yield.
Kadant reported fourth-quarter and fiscal 2024 results on February 12, 2025. Revenue grew, but GAAP diluted EPS fell in both the quarter and the full year, and the company's 2025 adjusted EPS guidance of $9.70 to $10.05 sits below its 2024 adjusted EPS of $10.28. Shareholders get a mixed picture: sales are up, while per-share profit and the adjusted outlook are weaker.
Q4 2024 net income fell 12% to $24 million and GAAP diluted EPS fell 12% to $2.04; Q4 interest expense rose to $4.6 million from $1.7 million.
Fiscal 2024 revenue rose 10% to $1.05 billion, while GAAP diluted EPS fell 4% to $9.48 and adjusted EPS rose 2% to $10.28.
2025 guidance: revenue of $1.040 to $1.065 billion, GAAP EPS of $9.63 to $9.98, and adjusted EPS of $9.70 to $10.05; guidance excludes any tariff impact.
Webcast and conference call to discuss results scheduled for February 13, 2025, at 11:00 a.m. Eastern.
AGCO's Board of Directors increased its size to eleven and appointed Zhanna Golodryga, executive vice president of Emerging Energy and Sustainability at Phillips 66, as a director effective April 1, 2025. The filing reports no financial results or guidance; the change adds a director with technology, cybersecurity and digital transformation experience.
Board voted February 7, 2025 to increase its size to eleven directors until the 2025 Annual Meeting
Zhanna Golodryga appointed effective April 1, 2025, serving an initial term expiring at the 2025 Annual Meeting
Golodryga is EVP of Emerging Energy and Sustainability at Phillips 66 and chairs the Technology Committee at Regions Financial Corporation
Company press release dated February 12, 2025 is furnished as Exhibit 99.1
Ventas reported full-year 2024 results, with Normalized FFO per share up 7% to $3.19 and attributable net income of $0.19 per share, compared with a loss of $0.10 per share in 2023. The company also gave 2025 Normalized FFO guidance of $3.35 to $3.46 per share and raised its quarterly dividend 7% to $0.48 per share, which may matter to shareholders because it points to expected profit growth and higher cash payouts.
Q4 2024 attributable net income was $0.13 per share, versus a loss of $0.23 per share in Q4 2023.
Full-year 2024 total revenues were $4.92 billion, up from $4.50 billion in 2023.
2025 Normalized FFO guidance range is $3.35 to $3.46 per share, compared with $3.19 in 2024.
Quarterly dividend increased to $0.48 per share, payable April 17, 2025 to holders of record on March 31, 2025.
Cognex reported fourth-quarter 2024 revenue of $230 million, up 17% from a year earlier, and diluted EPS of $0.16 versus $0.07. For full-year 2024, revenue rose 9% to $915 million, but diluted EPS fell 6% to $0.62. The company expects first-quarter 2025 revenue of $200 million to $220 million and declared a quarterly dividend of $0.08 per share.
Q4 2024 revenue $230 million, up 17%; excluding Moritex, revenue rose 12%
Q4 2024 net income per diluted share $0.16 versus $0.07; full-year diluted EPS $0.62 versus $0.65
Q1 2025 revenue guidance $200 million to $220 million; adjusted EBITDA margin 12% to 15%
Quarterly dividend $0.08 per share, payable March 13, 2025, to holders of record February 27, 2025
Tyler Technologies reported fourth-quarter 2024 total revenues of $541.1 million, up 12.5%, and GAAP net income of $65.2 million, or $1.49 per diluted share. The company also issued full-year 2025 guidance of $2.30 billion to $2.34 billion in total revenues and GAAP diluted earnings per share of $7.31 to $7.56, compared with full-year 2024 revenues of $2.138 billion and GAAP diluted earnings per share of $6.05.
Q4 2024 total revenues were $541.1 million, up 12.5%; GAAP net income was $65.2 million, or $1.49 per diluted share, up 67.7%.
Full-year 2024 total revenues were $2.138 billion, up 9.5%; free cash flow was $574.7 million, up 75.5%.
2025 guidance: total revenues of $2.30 billion to $2.34 billion; GAAP diluted EPS of $7.31 to $7.56; non-GAAP diluted EPS of $10.90 to $11.15.
Management will discuss results on a conference call on Thursday, February 13, 2025, at 10:00 a.m. ET.
Four Corners Property Trust reported fourth-quarter and full-year 2024 results, with rental revenue up 5.3% year over year to $60.7 million and full-year AFFO per diluted share up $0.06 to $1.73. Per-share net income was flat for both periods, while FFO per diluted share was flat for the quarter and up $0.03 for the year. The company also announced a larger credit facility and a $0.3550 quarterly dividend.
Q4 2024 rental revenue was $60.7 million, up 5.3%; Q4 net income attributable to common shareholders was $26.2 million, or $0.27 per diluted share, versus $0.27 a year earlier.
Full-year 2024 FFO per diluted share was $1.65, up $0.03; AFFO per diluted share was $1.73, up $0.06.
The company acquired 45 properties for $132.5 million in Q4 2024 and 87 properties for $264.6 million in 2024, with no dispositions.
The credit facility increased from $765 million to $940 million; the company declared a Q4 2024 dividend of $0.3550 per common share.
Wyndham Hotels & Resorts reported fourth-quarter 2024 net income of $85 million, up from $50 million a year earlier, and full-year net income of $289 million, flat year over year. The company also issued 2025 guidance calling for adjusted diluted EPS of $4.66 to $4.78, compared with $4.33 in 2024, and raised its quarterly dividend by 8% to $0.41 per share.
Q4 2024 diluted EPS was $1.08, up from $0.60; full-year diluted EPS was $3.61, up 6%.
Full-year 2024 adjusted EBITDA rose 5% to $694 million; full-year transaction-related expenses were $47 million, tied to defending an unsuccessful hostile takeover attempt.
2025 outlook: adjusted EBITDA of $745 million to $755 million and adjusted net income of $369 million to $379 million.
Quarterly dividend increase to $0.41 per share, from $0.38, expected to be declared in first quarter 2025.
MKS Instruments reported fourth-quarter 2024 revenue of $935 million, up from $893 million a year earlier, and GAAP net income of $90 million, or $1.33 per diluted share, compared with a net loss of $68 million in the prior-year quarter. The company guided first-quarter 2025 revenue to $910 million, plus or minus $40 million, and non-GAAP diluted EPS to $1.40, plus or minus $0.27, which is below the fourth-quarter revenue level.
Q4 2024 revenue of $935 million vs. $893 million in Q4 2023; non-GAAP diluted EPS of $2.15 vs. $1.17
Q4 2024 GAAP net income of $90 million, or $1.33 per diluted share, vs. a net loss of $68 million in Q4 2023
Q1 2025 guidance: revenue of $910 million (plus or minus $40 million) and GAAP diluted EPS of $0.63 (plus or minus $0.28)
Company made a voluntary $100 million principal prepayment on its USD term loan B in January 2025
Sunrun Inc. appointed Maria Barak as its Chief Accounting Officer, effective immediately, and she will serve as Principal Accounting Officer. Danny Abajian, who previously held that role, will remain Principal Financial Officer. The change is an internal promotion of a long-serving accounting leader and does not alter the company's reported financial measures.
Board approved Maria Barak's appointment on February 6, 2025, effective immediately
Barak previously served as VP, Corporate Controller from March 2023 to February 2025 and joined Sunrun in August 2017
Danny Abajian remains Principal Financial Officer
Barak will enter the standard indemnification agreement and the Key Employee Change in Control and Severance Plan
Q2 Holdings expanded its board from seven to eight directors and appointed Andre L. Mintz, a cybersecurity executive, as a director effective March 1, 2025. He also joins the audit committee and risk and compliance committee on the same date, and the board determined he is independent under NYSE rules.
Board increased from seven to eight directors; Mintz appointed on February 11, 2025, effective March 1, 2025
Mintz joins the audit committee and risk and compliance committee, effective March 1, 2025
Mintz has been Vice President, Global Security & Privacy Programs at Meta Platforms since January 2022
Mintz will receive director compensation, pro-rated for his partial year of service
Crane NXT reported fourth quarter 2024 net sales up 11.8% to $399.1 million, helped by the OpSec Security acquisition, and GAAP EPS of $1.00 versus $0.86 a year earlier. Operating profit fell 2.2% to $70.8 million, and the operating margin dropped to 17.7% from 20.3%. The company introduced 2025 adjusted EPS guidance of $4.00 to $4.30 and raised its quarterly dividend 6% to $0.17 per share.
Q4 2024 net sales $399.1 million, up 11.8%; core sales up 2.8%
Q4 GAAP EPS $1.00 vs. $0.86; adjusted EPS $1.20 vs. $0.99
Operating profit $70.8 million vs. $72.4 million; operating margin 17.7% vs. 20.3%
2025 guidance: adjusted EPS $4.00 to $4.30; first quarter dividend $0.17 per share, payable March 12, 2025
Casella Waste Systems reported fourth-quarter 2024 revenue of $427.5 million, up 18.9%, and a quarterly net income of $4.9 million, or $0.08 per diluted share, compared with a loss in the prior-year quarter. For full-year 2024, revenue rose 23.1% to $1.557 billion, but net income fell 46.7% to $13.5 million, and the company issued fiscal 2025 guidance including net income of $10 million to $25 million and Adjusted EBITDA of $410 million to $425 million.
Q4 2024 revenue was $427.5 million, up $67.9 million from the same period in 2023; Q4 net income was $4.9 million, or $0.08 per diluted share
Fiscal 2024 revenue was $1.557 billion, up 23.1%; net income was $13.5 million, down $11.9 million, with an $8.4 million Southbridge Landfill closure charge cited
Fiscal 2025 guidance: revenue of $1.775 billion to $1.805 billion, net income of $10 million to $25 million, and Adjusted EBITDA of $410 million to $425 million
The guidance excludes acquisitions not yet completed; the conference call is set for February 13, 2025 at 10:00 a.m. Eastern Time
Service Corporation International reported fourth-quarter 2024 revenue of $1,093.0 million, up $37 million or 4% from a year earlier, and diluted EPS of $1.04, up from $0.93. The company also gave 2025 adjusted EPS guidance of $3.70 to $4.00, with a midpoint of $3.85, which it says is within its long-term growth framework of 8% to 12%. Full-year 2024 net income attributable to common stockholders was $518.6 million, down from $537.3 million, and diluted EPS was flat at $3.53.
Q4 2024 revenue $1,093.0 million vs $1,055.8 million; diluted EPS $1.04 vs $0.93
Q4 results included a $20.3 million California legal reserve reduction, offset by $17.2 million in divestiture and impairment losses and $11.5 million in restructuring charges
2025 adjusted diluted EPS guidance $3.70 to $4.00, midpoint $3.85
Full-year 2024 net income attributable to common stockholders $518.6 million vs $537.3 million in 2023
On February 11, 2025, Moody's board committee approved an Executive Officer Cash Severance Policy. It requires stockholder ratification of new executive cash severance arrangements above 2.99 times base salary plus target annual bonus, and of amendments that increase such benefits above that threshold. This gives shareholders a say over certain large executive severance packages.
Policy adopted and effective February 11, 2025 by the Compensation & Human Resources Committee
Threshold: cash severance above 2.99 times base salary plus target annual bonus requires stockholder ratification
Amendments that increase existing cash severance above the same threshold also require ratification
Boise Cascade said its board appointed Joanna Barney, currently senior vice president of Western Operations, as executive vice president of its Building Materials Distribution division, effective February 17, 2025. The company also declared a quarterly dividend of $0.21 per share, payable March 19, 2025, to holders of record on February 24, 2025, which is relevant to shareholders' income.
Joanna Barney, age 51, appointed executive vice president of Building Materials Distribution, effective February 17, 2025
Annual base salary of $540,000 and annual short-term incentive target of 80% of base salary
Quarterly dividend of $0.21 per share, payable March 19, 2025, to stockholders of record on February 24, 2025
Division oversees the company's more than 40 distribution facilities across the U.S.
ARMOUR Residential REIT reported unaudited fourth-quarter 2024 results, showing a GAAP net loss to common stockholders of $49.4 million, or $0.83 per share, compared with net income to common of $62.9 million in the prior quarter. Distributable Earnings available to common stockholders fell to $46.5 million, or $0.78 per share, from $52.0 million, or $1.00 per share, and book value per common share declined to $19.07 from $20.76 at September 30, 2024, which matters to shareholders because it reflects the value of their equity stake.
Q4 2024 GAAP net loss to common stockholders was $49.4 million, or $0.83 per common share, versus net income to common of $62.9 million, or $1.21 per share, in Q3 2024.
Distributable Earnings available to common stockholders were $46.5 million, or $0.78 per share, down from $52.0 million, or $1.00 per share, in Q3 2024.
Book value per common share was $19.07 at December 31, 2024, compared with $20.76 at September 30, 2024; total economic return was (4.67)% for Q4 2024.
Common dividends were $0.24 per share per month, or $0.72 per share for Q4 2024, and the company declared $0.24 per share payable February 27, 2025 and March 27, 2025.
Q2 Holdings reported fourth-quarter 2024 revenue of $183.0 million, up 13% year-over-year, and GAAP net income of $0.2 million, compared with a net loss of $18.1 million a year earlier. The company also issued 2025 guidance of $772.0 million to $779.0 million in full-year revenue and updated its three-year framework, which raises the 2026 free cash flow conversion target to greater than 85% from 70%. For shareholders, the results show year-over-year gains in revenue, profit and adjusted EBITDA, along with higher long-term targets.
Q4 2024 revenue of $183.0 million, up 13% year-over-year; full-year 2024 revenue of $696.5 million, up 12%
Q4 2024 GAAP net income of $0.2 million, versus a net loss of $18.1 million in Q4 2023; full-year 2024 GAAP net loss narrowed to $38.5 million from $65.4 million
Q4 2024 adjusted EBITDA of $37.6 million, up from $23.2 million; full-year 2025 guidance of $772.0 million to $779.0 million in revenue and $165.0 million to $170.0 million in adjusted EBITDA
Updated three-year framework targets average annual subscription revenue growth of approximately 15% and a full-year 2026 free cash flow conversion above 85%, up from 70%
Essential Properties Realty Trust reported fourth quarter 2024 results, with diluted net income per share of $0.30, down 3% from a year earlier, while AFFO per share rose 7% to $0.45 and total revenues reached $119.7 million, up from $97.7 million. The company raised the bottom end of its 2025 AFFO per share guidance by $0.01 to a range of $1.85 to $1.89, which indicates higher expected cash earnings per share for shareholders.
Q4 2024 diluted net income per share was $0.30, down 3%; total revenues were $119.7 million versus $97.7 million a year earlier.
Q4 2024 AFFO per diluted share was $0.45, up 7%; FFO per diluted share was $0.47, up 2%.
Q4 2024 investments totaled $333.4 million across 78 properties at an 8.0% weighted average cash cap rate.
2025 AFFO per share guidance was raised at the bottom end by $0.01 to $1.85 to $1.89; investment volume estimate is $900 million to $1.1 billion.
Veeco reported fourth-quarter revenue of $182.1 million, up from $173.9 million a year earlier, and full-year 2024 revenue of $717.3 million, up from $666.4 million. Quarterly GAAP net income fell to $15.0 million from $21.6 million, and the company recorded a $28.1 million asset impairment; full-year GAAP results swung to net income of $73.7 million from a loss of $30.4 million. The company also guided first-quarter 2025 revenue to $155 million to $175 million.
Q4 2024 revenue was $182.1 million versus $173.9 million in Q4 2023; GAAP diluted EPS was $0.26 versus $0.37.
Q4 2024 non-GAAP diluted EPS was $0.41 versus $0.51 a year earlier.
Full-year 2024 GAAP diluted EPS was $1.23 versus a loss of $0.56; non-GAAP diluted EPS was $1.74 versus $1.69.
Q1 2025 guidance: revenue of $155 million to $175 million; GAAP diluted EPS of $0.11 to $0.22; non-GAAP diluted EPS of $0.26 to $0.36.
First American Financial reported fourth-quarter 2024 net income of $72 million, or $0.69 per diluted share, up from $0.33 a year earlier, on total revenue of $1.7 billion, up 18 percent. For the full year, revenue rose 2 percent to $6.1 billion, but GAAP diluted EPS fell to $1.26 from $2.07, mainly due to $402 million of full-year net investment losses, while adjusted EPS rose to $4.40 from $3.80.
Q4 2024 diluted EPS was $0.69 versus $0.33 in Q4 2023; adjusted EPS was $1.35 versus $0.69
Q4 net investment losses were $86 million, or $0.61 per diluted share, versus $42 million a year earlier
Full-year 2024 net investment losses were $402 million, or $2.91 per diluted share, mainly from the strategic investment portfolio rebalancing project
Board raised the common stock dividend by 2 percent to an annual rate of $2.16 per share; full-year operating cash flow was $897 million
Reddit reported fourth quarter 2024 revenue of $427.7 million, up 71% from a year earlier, and net income of $71.0 million, compared with $18.5 million in the prior-year quarter. For the first quarter of 2025, Reddit estimated revenue of $360 million to $370 million and Adjusted EBITDA of $80 million to $90 million, giving shareholders a range to compare with future results.
Q4 2024 revenue was $427.7 million, up 71% year over year; advertising revenue was $394.5 million.
Q4 2024 diluted EPS was $0.36; basic EPS was $0.40. Net income was $71.0 million versus $18.5 million a year earlier.
Full-year 2024 revenue was $1.3 billion, up 62%, and the full-year net loss was $484.3 million.
Q1 2025 outlook: revenue of $360 million to $370 million and Adjusted EBITDA of $80 million to $90 million.
Upwork reported fourth-quarter 2024 revenue of $191.5 million, up 4% year over year, and full-year revenue of $769.3 million, up 12%. Fourth-quarter GAAP net income of $147.2 million included a non-cash tax benefit of $140.3 million, and the company guided full-year 2025 revenue to $740 million to $760 million, below 2024 revenue.
Q4 2024 revenue $191.5 million, up 4% year over year; full-year 2024 revenue $769.3 million, up 12%
Q4 2024 GAAP net income $147.2 million, including a $140.3 million non-cash tax benefit; diluted EPS $1.03 versus $0.13 a year earlier
Q4 2024 adjusted EBITDA $50.2 million, a 26% margin; full-year 2024 adjusted EBITDA $167.6 million
2025 guidance: revenue $740 million to $760 million and adjusted EBITDA $180 million to $190 million; Q1 2025 revenue $186 million to $191 million
Palomar Holdings reported fourth-quarter 2024 net income of $35.0 million, or $1.29 per diluted share, up from $25.9 million, or $1.02, a year earlier. Adjusted net income rose 47.5% to $41.3 million, and the company expects full-year 2025 adjusted net income of $180 million to $192 million, compared with $133.5 million in 2024.
Q4 2024 gross written premiums rose 23.3% to $373.7 million, and net earned premiums rose 54.6%.
Q4 2024 diluted adjusted EPS was $1.52, versus $1.11 in Q4 2023; the combined ratio was 75.9%, versus 74.2%.
Q4 2024 catastrophe losses were $8.1 million, primarily related to Hurricane Milton.
For full-year 2025, the company expects adjusted net income of $180 million to $192 million, including $8 million to $12 million of catastrophe losses.
HubSpot reported fourth-quarter 2024 revenue of $703.2 million, up 21% from a year earlier, and GAAP net income of $4.9 million, compared with a net loss of $12.4 million in Q4 2023. For 2025, the company guided total revenue to $2.985 billion to $2.995 billion, up 14% year over year, and non-GAAP net income per diluted share to $9.11 to $9.19, which is a slower growth rate than the 21% reported for full-year 2024.
Q4 2024 total revenue was $703.2 million, up 21% as reported; subscription revenue was $687.3 million.
Q4 2024 GAAP net income was $4.9 million, or $0.09 per diluted share, versus a net loss of $12.4 million, or $0.25 per share, in Q4 2023.
Q4 2024 non-GAAP net income per diluted share was $2.32, compared with $1.77 in Q4 2023.
First-quarter 2025 revenue is guided to $697.0 million to $699.0 million, up 13% year over year.
STAG Industrial reported fourth-quarter and full-year 2024 results on February 12, 2025. Core FFO per diluted share rose 5.2% in the quarter to $0.61 and 4.8% for the year to $2.40, while full-year net income attributable to common stockholders fell 1.9% to $189.0 million. Shareholders get a measure of growth in core cash earnings, though full-year GAAP net income declined.
Q4 2024 Core FFO per diluted share was $0.61, up from $0.58 in Q4 2023; full-year 2024 was $2.40, up from $2.29.
Q4 2024 net income attributable to common stockholders was $50.9 million, up from $41.7 million; full-year was $189.0 million, down from $192.6 million.
Q4 2024 total revenue was $199.3 million, up from $183.3 million in Q4 2023.
Acquired 15 buildings in Q4 2024 for $293.7 million; portfolio occupancy was 96.5% as of December 31, 2024.
Pegasystems reported fourth-quarter 2024 GAAP net income of $119.1 million, down 17% from a year earlier, on revenue of $490.8 million, up 3%. Full-year 2024 revenue rose 5% to $1.5 billion, and the company gave 2025 guidance of $1.6 billion in revenue and $1.60 in GAAP diluted earnings per share. The board also approved a two-for-one stock split, which is subject to stockholder approval at the June 17, 2025 annual meeting.
Q4 2024 GAAP net income was $119.1 million, down 17%; GAAP diluted EPS was $1.25 versus $1.61.
Full-year 2024 revenue was $1.5 billion, up 5%; full-year GAAP diluted EPS was $1.11 versus $0.73.
2025 guidance: revenue of $1.6 billion, GAAP diluted EPS of $1.60, and free cash flow of $440 million.
Stock split requires stockholder approval; record date June 10, 2025, distribution expected June 20, 2025, post-split trading from June 23, 2025.
Dutch Bros reported fourth-quarter 2024 revenue of $342.8 million, up 34.9% from a year earlier, and net income of $6.4 million, compared with a net loss of $3.8 million in the same period of 2023. The company also gave initial 2025 guidance of $1.555 billion to $1.575 billion in total revenue and $265 million to $275 million in Adjusted EBITDA, which it says reflects elevated coffee costs.
Q4 2024 total revenues rose 34.9% to $342.8 million; diluted EPS was $0.03 versus $(0.02) a year earlier.
Full-year 2024 revenues were $1.28 billion, up 32.6%, and net income was $66.5 million versus $10.0 million in 2023.
2025 guidance: total revenues of $1.555 billion to $1.575 billion; Adjusted EBITDA of $265 million to $275 million; at least 160 shop openings; same shop sales growth of 2% to 4%.
CareTrust REIT reported fourth-quarter 2024 net income of $52.1 million, or $0.29 per diluted share, up from $26.3 million, or $0.22, a year earlier, and full-year normalized FFO of $232.9 million, or $1.50 per share. The company also issued 2025 guidance of $1.68 to $1.72 in normalized FFO per share and kept its quarterly dividend at $0.29 per share.
Q4 2024 net income attributable to CareTrust was $52.1 million ($0.29 per diluted share), versus $26.3 million ($0.22) in Q4 2023.
Q4 2024 normalized FFO was $72.9 million ($0.40 per share), versus $43.4 million ($0.36) a year earlier.
2025 guidance: net income of $1.35 to $1.39 per diluted share, normalized FFO of $1.68 to $1.72, and normalized FAD of $1.72 to $1.76, based on 187.5 million shares.
As of February 12, 2025, the company had $750.0 million available under its ATM Program and no borrowings on its $1.2 billion revolving credit line.
Paycom Software said its board appointed Bob Foster as chief financial officer, effective Feb. 21, 2025, when Craig Boelte retires. Boelte had told the board on July 31, 2024 that he intended to retire within nine to 12 months. The change moves the finance leadership role to an executive who has served as the company's executive vice president of accounting and finance since October 2024.
Bob Foster, 63, takes the CFO role effective Feb. 21, 2025, succeeding Craig Boelte, who retires that day.
Foster has been executive vice president of accounting and finance since October 2024 and joined the company in November 2022.
Foster previously led payroll company iiPay, including as chief executive officer from 2016 to October 2022, and was a senior partner at Ernst & Young.
Foster's annual base salary in the new role is $545,000, and he is eligible for the Annual Incentive Plan and equity awards.
QuidelOrtho reported fourth-quarter 2024 revenue of $708 million, down from $743 million, and a GAAP net loss of $153 million. For the full year, revenue fell to $2.78 billion from $3.00 billion, and the net loss was $2.03 billion, driven by a $1.82 billion goodwill impairment charge. The company also issued 2025 guidance of $2.60 billion to $2.81 billion in revenue and $575 million to $615 million in adjusted EBITDA.
Q4 2024 revenue was $708 million versus $743 million; GAAP diluted loss was $2.28 per share versus earnings of $0.10 per share
Full-year 2024 GAAP diluted loss was $30.16 per share, including a goodwill impairment charge of approximately $1.82 billion
Full-year 2024 adjusted diluted EPS was $1.85, down from $4.13; adjusted EBITDA was $543 million versus $723 million
2025 guidance: total revenue $2.60 billion to $2.81 billion, adjusted EBITDA $575 million to $615 million, adjusted diluted EPS $2.07 to $2.57
Rollins reported unaudited fourth quarter and full year 2024 results on February 12, 2025. Fourth quarter revenue rose 10.4% to $832 million and full year revenue rose 10.3% to $3.4 billion, while fourth quarter net income fell 2.9% to $106 million and GAAP EPS was flat at $0.22. The company gave qualitative 2025 expectations without numeric guidance.
Q4 revenue $832 million, up 10.4%; organic revenue up 8.5%
Q4 net income $106 million, down 2.9%; GAAP EPS $0.22, flat; adjusted EPS $0.23, up 9.5%
Full year 2024 GAAP EPS $0.96, up 7.9%; operating cash flow $608 million, up 15.0%
Management cited growth investments and December legacy auto claims developments as pressure on incremental margins
Independence Realty Trust reported net income available to common shares of $39.3 million for 2024, compared with a loss of $17.2 million in 2023, and CFFO per share of $1.16, up from $1.15. Fourth-quarter rental and other property revenue fell to $160.6 million from $166.7 million a year earlier, and full-year Adjusted EBITDA declined to $350.3 million from $366.8 million. The company also introduced 2025 guidance of $0.19 to $0.22 in diluted EPS and $1.16 to $1.19 in CFFO per share.
Full-year 2024 diluted EPS of $0.17, versus a loss of $0.08 per diluted share in 2023
Fourth-quarter 2024 net loss available to common shares of $1.0 million, compared with $40.5 million a year earlier
Same-store NOI rose 3.2% for full-year 2024, and the company said CFFO per share was at the high end of its guidance
2025 guidance: diluted EPS of $0.19 to $0.22, CFFO per share of $1.16 to $1.19, and same-store NOI growth of 0.8% to 3.3%
Corsair reported fourth-quarter and full-year 2024 results. Full-year net revenue fell to $1.3 billion from $1.5 billion in 2023, and the company posted a net loss attributable to common shareholders of $99.2 million, compared with net income of $3.2 million a year earlier. The company also gave 2025 guidance of $1.4 billion to $1.6 billion in net revenue and $80 million to $100 million in adjusted EBITDA, though it says these are estimates, not guarantees.
Q4 2024 net revenue was $413.6 million vs. $417.3 million in Q4 2023; Q4 net income was $1.3 million, or $0.01 per diluted share, vs. $0.06.
FY2024 net loss attributable to common shareholders was $99.2 million, or $0.95 per diluted share, vs. net income of $3.2 million in 2023.
FY2024 adjusted EBITDA was $54.7 million vs. $95.1 million in 2023.
2025 outlook: net revenue of $1.4 billion to $1.6 billion and adjusted EBITDA of $80 million to $100 million.
Robinhood reported fourth-quarter 2024 total net revenues of $1.01 billion, up 115% from a year earlier, and net income of $916 million, or $1.01 diluted earnings per share, compared with $30 million, or $0.03, in Q4 2023. The profit figure includes a $369 million deferred tax benefit, which added $0.41 to diluted EPS, so shareholders may weigh it against core operating results. The company also gave a 2025 outlook for combined Adjusted Operating Expenses and SBC of $2.0 billion to $2.1 billion.
Q4 2024 total net revenues were $1.01 billion, up 115% year-over-year; transaction-based revenues were $672 million.
Q4 2024 net income was $916 million, including a $369 million deferred tax benefit worth $0.41 of diluted EPS.
Full-year 2024 net income was $1.41 billion, or $1.56 diluted EPS, compared with a net loss of $541 million in 2023.
2025 outlook for combined Adjusted Operating Expenses and SBC is $2.0 billion to $2.1 billion; the Bitstamp and TradePMR acquisitions are expected to close in the first half of 2025.
Advanced Energy reported fourth-quarter 2024 revenue of $415.4 million, above the high end of its guidance, and GAAP EPS from continuing operations of $1.29, up from $1.01 a year earlier. For the full year, revenue fell 10% to $1.48 billion and GAAP EPS from continuing operations fell to $1.49 from $3.46, and first-quarter 2025 revenue guidance of $392 million +/- $20 million is below the fourth-quarter level.
Q4 2024 revenue was $415.4 million, versus $405.3 million in Q4 2023 and $374.2 million in Q3 2024
Q4 GAAP EPS from continuing operations was $1.29, including a one-time net tax benefit of $15.0 million; non-GAAP EPS was $1.30
Full-year 2024 revenue was $1.48 billion, down 10% from $1.66 billion in 2023
Sonic Automotive reported fourth quarter 2024 revenue of $3.9 billion, up 9% year-over-year, with reported net income of $58.6 million, up 51%, and diluted earnings of $1.67 per share, up 50%. For the full year, revenue was $14.2 billion, down 1%, while reported net income rose 21% to $216.0 million; adjusted net income fell 7% in the quarter and 20% for the year, and the board approved a $0.35 per share quarterly dividend.
Q4 2024 total revenues $3.9 billion, up 9%; reported net income $58.6 million, up 51%; diluted EPS $1.67, up 50%
Q4 adjusted net income $53.1 million, down 7%; adjusted diluted EPS $1.51, down 7%
Full year 2024 revenues $14.2 billion, down 1%; reported net income $216.0 million, up 21%; diluted EPS $6.18, up 24%
Board approved quarterly cash dividend of $0.35 per share, payable April 15, 2025, to holders of record on March 14, 2025
Lithia & Driveway reported fourth-quarter 2024 revenue of $9.2 billion, up 20% from a year earlier, and a 5% rise in diluted earnings per share to $8.12. Adjusted diluted EPS fell 6% to $7.79, and full-year 2024 diluted EPS fell 18% to $29.65, so shareholders see higher sales alongside lower profit per share. The company also declared a $0.53 per share dividend.
Q4 2024 revenue rose 20% to $9.2 billion from $7.7 billion; diluted EPS was $8.12 versus $7.74, while adjusted diluted EPS was $7.79 versus $8.32
Full-year 2024 revenue rose 17% to a record $36.2 billion; diluted EPS was $29.65, down 18% from $36.29
Insurance proceeds, partly offset by currency losses, added $0.17 to Q4 2024 diluted EPS
Dividend of $0.53 per share payable March 21, 2025 to shareholders of record as of March 7, 2025
Chefs' Warehouse reported fourth-quarter 2024 net sales of $1,033.6 million, up 8.7% from a year earlier, and GAAP net income of $23.9 million, or $0.55 per diluted share, versus $16.0 million, or $0.38, in the prior-year quarter. The company also issued fiscal 2025 guidance calling for net sales of $3.94 billion to $4.04 billion and adjusted EBITDA of $233 million to $246 million.
Q4 2024 net sales rose 8.7% to $1,033.6 million from $950.5 million
GAAP net income was $23.9 million, or $0.55 per diluted share, vs $16.0 million, or $0.38, in Q4 2023
Adjusted EBITDA was $68.2 million vs $59.0 million; operating income was $46.5 million vs $38.2 million
Fiscal 2025 guidance: net sales of $3.94 billion to $4.04 billion; adjusted EBITDA of $233 million to $246 million
Southern Company's board elected James O. (Jimmy) Etheredge as a director, effective April 1, 2025. He retired in August 2023 as CEO - North America of Accenture and advised Accenture until June 2024. The filing says his committee assignments are not yet set and will be disclosed later.
Board elected James O. (Jimmy) Etheredge as a new director on February 11, 2025, effective April 1, 2025
Etheredge retired as CEO - North America of Accenture plc in August 2023 and served as an advisor until June 2024
Committee assignments not yet determined; to be reported in a future 8-K amendment
He will receive the company's standard non-employee director cash and equity compensation
Planet Fitness said its board approved a leadership realignment effective March 3, 2025. Bill Bode will become Chief Operating Officer, Jennifer Simmons will become Chief Strategy Officer, and three existing roles will be eliminated. The filing does not give financial figures for the changes, and the company said no compensation changes were made for the affected executives.
Bill Bode, currently Division President, U.S. Franchise, becomes Chief Operating Officer and will oversee franchise, corporate club and equipment segments
Jennifer Simmons, currently Division President, Corporate Clubs, becomes Chief Strategy Officer
Roles eliminated as of March 3, 2025: Division President U.S. Franchise, Division President Corporate Clubs, and SVP, Chief Accounting Officer
Jay Stasz is designated principal accounting officer; the company will release full-year 2024 results and a 2025 outlook on February 25, 2025
Dominion Energy reported fourth-quarter 2024 operating earnings of $504 million ($0.58 per share), up from $260 million ($0.29 per share) a year earlier, though GAAP net income fell to $145 million ($0.15 per share) from $331 million ($0.37 per share). The company narrowed its 2025 operating EPS guidance to $3.28 to $3.52 per share, keeping the $3.40 midpoint unchanged, which signals no change to its outlook for shareholders.
Q4 2024 operating EPS of $0.58 versus $0.29 in Q4 2023; Q4 GAAP EPS of $0.15 versus $0.37
Full-year 2024 operating EPS of $2.77 versus $1.95 in 2023; full-year GAAP EPS of $2.44 versus $2.33
Q4 2024 operating revenue of $3.4 billion versus $3.5 billion in Q4 2023
2025 operating EPS guidance narrowed to $3.28 to $3.52, midpoint $3.40; 5% to 7% long-term growth rate through 2029 reaffirmed
Sylvamo reported fourth-quarter and full-year 2024 results. Full-year net income rose to $302 million ($7.18 per diluted share) from $253 million ($5.93) in 2023, while fourth-quarter net income fell to $81 million from $95 million in the third quarter. The company expects first-quarter 2025 adjusted EBITDA of $85 million to $105 million, well below the $157 million reported for the fourth quarter.
Full-year 2024 net sales were $3.8 billion ($3,773 million), up from $3,721 million; adjusted operating EPS was $7.42 vs. $6.51.
Fourth-quarter 2024 net income was $81 million ($1.94 per diluted share), down from $95 million ($2.27) in the third quarter.
First-quarter 2025 outlook: adjusted EBITDA of $85 million to $105 million, with volume projected to decline $20 million to $25 million.
Company paid $154 million of debt in 2024, ending the year with $591 million in net debt, and repurchased about $68 million of stock.
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