AI filing briefs · archive

8-K filings in February 2025, explained

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).

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25 of 1,027 briefs match

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PCGPG&E Corp Feb 12, 8:40 PM ET

PG&E raises 2025 core EPS guidance to $1.48-$1.52; Q4 GAAP EPS falls to $0.30

Mixed earnings Written later 2.027.01

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
Read the filing on SEC.gov ↗
TRTOOTSIE ROLL INDUSTRIES INC Feb 12, 7:30 PM ET

Tootsie Roll Q4 net earnings fell 22% to $22.5 million on $11.0 million tax write-off

Mixed earnings Written later 2.02

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.
Read the filing on SEC.gov ↗
PPCPILGRIMS PRIDE CORP Feb 12, 6:40 PM ET

Pilgrim's Pride Q4 EPS rises to $0.99 as sales fall 3.5% to $4.4 billion

Mixed earnings Written later 2.02

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.
Read the filing on SEC.gov ↗
GTYGETTY REALTY CORP /MD/ Feb 12, 5:00 PM ET

Getty Realty cuts 2025 AFFO guidance on tenant bankruptcy despite higher 2024 results

Mixed guidance Written later 2.02

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.
Read the filing on SEC.gov ↗
KAIKADANT INC Feb 12, 4:59 PM ET

Kadant Q4 revenue rises 8% to $258 million; GAAP EPS falls 12% to $2.04

Mixed earnings Written later 2.027.01

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.
Read the filing on SEC.gov ↗
CGNXCOGNEX CORP Feb 12, 4:38 PM ET

Cognex Q4 revenue rises 17% to $230 million; Q1 2025 outlook $200 million to $220 million

Mixed earnings Written later 2.028.01

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
Read the filing on SEC.gov ↗
CXTCrane NXT, Co. Feb 12, 4:28 PM ET

Crane NXT Q4 sales rise 11.8% to $399.1 million; GAAP EPS $1.00 vs. $0.86

Mixed earnings Written later 2.02

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
Read the filing on SEC.gov ↗
CWSTCASELLA WASTE SYSTEMS INC Feb 12, 4:22 PM ET

Casella Waste Q4 revenue rises 18.9% to $427.5 million; issues 2025 guidance

Mixed earnings Written later 2.02

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
Read the filing on SEC.gov ↗
VECOVEECO INSTRUMENTS INC Feb 12, 4:16 PM ET

Veeco Q4 revenue rises to $182.1 million, but quarterly profit falls

Mixed earnings Written later 2.02

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.
Read the filing on SEC.gov ↗

First American Q4 EPS $0.69 vs $0.33 a year earlier; full-year EPS $1.26 vs $2.07

Mixed earnings Written later 2.02

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
Read the filing on SEC.gov ↗
UPWKUPWORK, INC Feb 12, 4:12 PM ET

Upwork Q4 revenue up 4% to $191.5 million; 2025 revenue guidance below 2024

Mixed earnings Written later 2.02

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
Read the filing on SEC.gov ↗
PEGAPEGASYSTEMS INC Feb 12, 4:08 PM ET

Pegasystems Q4 profit falls 17% as revenue rises 3%; board approves 2-for-1 stock split

Mixed earnings Written later 2.028.01

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.
Read the filing on SEC.gov ↗
ROLROLLINS INC Feb 12, 4:06 PM ET

Rollins Q4 revenue rises 10.4% to $832 million; GAAP EPS flat at $0.22

Mixed earnings Written later 2.02

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
Read the filing on SEC.gov ↗

IRT Swings to 2024 Net Income of $39.3 Million and Sets 2025 EPS Guidance of $0.19-$0.22

Mixed earnings Written later 2.027.01

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%
Read the filing on SEC.gov ↗
CRSRCorsair Gaming, Inc. Feb 12, 4:05 PM ET

Corsair posts $99.2 million 2024 net loss; 2025 revenue outlook set

Mixed earnings Written later 2.02

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.
Read the filing on SEC.gov ↗

Advanced Energy Q4 revenue $415.4 million tops guidance; 2024 revenue down 10%

Mixed earnings Written later 2.02

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
  • Q1 2025 guidance: revenue $392 million +/- $20 million; GAAP EPS $0.48 +/- $0.25; non-GAAP EPS $1.03 +/- $0.25
Read the filing on SEC.gov ↗
LADLITHIA MOTORS INC Feb 12, 8:49 AM ET

Lithia & Driveway Q4 revenue rises 20% to $9.2 billion; adjusted EPS falls 6%

Mixed earnings Written later 2.028.01

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
Read the filing on SEC.gov ↗
SLVMSylvamo Corp Feb 12, 7:19 AM ET

Sylvamo 2024 diluted EPS rises 21% to $7.18; Q1 adjusted EBITDA seen at $85M-$105M

Mixed earnings Written later 2.02

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.
Read the filing on SEC.gov ↗
DBDDIEBOLD NIXDORF, Inc Feb 12, 7:03 AM ET

Diebold Nixdorf Q4 revenue falls 4.6%; authorizes first $100 million buyback

Mixed earnings Written later 2.02

Diebold Nixdorf reported fourth-quarter 2024 revenue of $988.9 million, down 4.6% from $1,036.8 million a year earlier, and a GAAP net income of $6.4 million, down from $23.1 million. For full-year 2024, GAAP revenue was $3.75 billion and the company posted a GAAP net loss of $14.5 million, while adjusted EBITDA was $452.2 million. The board also authorized a $100 million share repurchase program and guided to 2025 adjusted EBITDA of $470 million to $490 million, with revenue flat to up low single digits.

  • Q4 2024 GAAP net sales were $988.9 million, down 4.6% from $1,036.8 million; Q4 GAAP net income was $6.4 million versus $23.1 million a year earlier.
  • Full-year 2024 GAAP net loss was $(14.5) million; adjusted EBITDA was $452.2 million and free cash flow was $108.8 million.
  • 2025 outlook: adjusted EBITDA of $470 million to $490 million, free cash flow of $190 million to $210 million, and total revenue flat to up low single digits.
  • The board authorized a share repurchase program of up to $100 million; the company paid down $338 million of debt during 2024.
Read the filing on SEC.gov ↗

Healthcare Services Group Q4 revenue rises to $437.8 million; net income falls to $11.9 million

Mixed earnings Written later 2.02

Healthcare Services Group reported fourth-quarter 2024 revenue of $437.8 million, up from $423.8 million a year earlier, but net income fell to $11.9 million from $23.5 million, with diluted EPS of $0.16 versus $0.32. The company guided to mid-single digit revenue growth in 2025 and first-quarter 2025 revenue of $440.0 to $450.0 million, which gives shareholders a near-term outlook alongside a sharp drop in quarterly profit.

  • Q4 2024 revenue was $437.8 million versus $423.8 million in Q4 2023; net income was $11.9 million versus $23.5 million, inclusive of new business start-up costs.
  • Full-year 2024 revenue was $1.72 billion versus $1.67 billion in 2023; full-year diluted EPS was $0.53 versus $0.52.
  • 2025 outlook: mid-single digit revenue growth, Q1 2025 revenue of $440.0 to $450.0 million, and cash flow from operations excluding the payroll accrual change of $45.0 to $60.0 million.
  • Cash and marketable securities were $135.8 million at year-end, and the company has repurchased over $16.0 million of stock since February 2023.
Read the filing on SEC.gov ↗
UEUrban Edge Properties Feb 12, 6:59 AM ET

Urban Edge Properties Q4 FFO as Adjusted rises to $0.34 a share; net income falls

Mixed earnings Written later 2.027.01

Urban Edge Properties reported fourth-quarter and full-year 2024 results and gave initial 2025 guidance. FFO as Adjusted per diluted share rose 8% to $1.35 for the year, but GAAP net income fell from 2023, which included a $217.4 million gain on sale of real estate. The board raised the quarterly dividend 12% to $0.19 per share, which matters to shareholders as a direct change in cash payouts.

  • Q4 2024 net income attributable to common shareholders was $30.1 million, or $0.24 per diluted share, versus $221.2 million, or $1.88, in Q4 2023.
  • Q4 2024 FFO as Adjusted per diluted share was $0.34, up from $0.31 in Q4 2023.
  • 2025 guidance: FFO as Adjusted of $1.37 to $1.42 per diluted share and net income of $0.32 to $0.37 per diluted share.
  • Quarterly dividend raised 12% to $0.19 per share, payable March 31, 2025 to holders of record on March 14, 2025.
Read the filing on SEC.gov ↗
THCTENET HEALTHCARE CORP Feb 12, 6:47 AM ET

Tenet Q4 net income rises to $318 million as revenue falls 5.7% to $5.07 billion

Mixed earnings Written later 2.02

Tenet Healthcare reported fourth quarter 2024 results and issued its full year 2025 outlook. Fourth quarter net income available to common shareholders rose to $318 million, or $3.32 per diluted share, from $244 million, or $2.30, a year earlier, while net operating revenues fell 5.7% to $5.072 billion, reflecting hospital divestitures.

  • Q4 2024 adjusted diluted EPS was $3.44, versus $2.68 in Q4 2023
  • Q4 2024 Adjusted EBITDA was $1.048 billion, versus $1.012 billion in Q4 2023
  • FY 2025 Adjusted EBITDA outlook is $3.975 billion to $4.175 billion, with net operating revenues of $20.6 billion to $21.0 billion
Read the filing on SEC.gov ↗

Blackstone Mortgage Trust 2024 net loss $204 million; Q4 net income $37 million

Mixed earnings Written later 2.02

Blackstone Mortgage Trust reported a 2024 net loss attributable to the company of $204 million, or $(1.17) per share, compared with net income of $247 million, or $1.43 per share, in 2023. Fourth-quarter net income attributable to the company was $37 million, or $0.21 per share, but full-year Distributable EPS was $(0.03), below the $2.18 in dividends paid per share, and book value per share fell to $21.87 from $22.17 at September 30, 2024.

  • Full-year 2024 net loss attributable to the company: $204 million, or $(1.17) per share, versus 2023 net income of $1.43 per share
  • Q4 2024 net income attributable to the company: $37 million, or $0.21 per share, versus a Q3 2024 loss of $(0.32) per share
  • Full-year 2024 Distributable EPS: $(0.03); before charge-offs of CECL reserves: $2.15, versus $2.18 in dividends paid per share
  • Q4 2024 dividend of $0.47 per share; book value per share $21.87 at December 31, 2024, including $4.31 per share of CECL reserves
Read the filing on SEC.gov ↗
CVSCVS HEALTH Corp Feb 12, 6:32 AM ET

CVS Health Q4 adjusted EPS falls to $1.19 as revenue rises 4.2%

Mixed earnings Written later 2.02

CVS Health reported fourth-quarter and full-year 2024 results on February 12, 2025, with revenue up 4.2% in both periods but profit down sharply. The company also issued 2025 guidance of $5.75 to $6.00 in adjusted EPS and $4.58 to $4.83 in GAAP diluted EPS, which shareholders will weigh against the lower 2024 earnings.

  • Q4 2024 total revenues rose to $97.7 billion, up 4.2%, while adjusted EPS fell to $1.19 from $2.12 a year earlier.
  • The Health Care Benefits segment posted a Q4 adjusted operating loss of $439 million, compared with adjusted operating income of $676 million, citing higher utilization and Medicare Advantage star ratings.
  • Full-year 2024 GAAP diluted EPS was $3.66 versus $6.47, and adjusted EPS was $5.42 versus $8.74.
  • 2025 guidance: adjusted EPS of $5.75 to $6.00, GAAP diluted EPS of $4.58 to $4.83, and cash flow from operations of approximately $6.5 billion.
Read the filing on SEC.gov ↗
VRTVertiv Holdings Co Feb 12, 6:06 AM ET

Vertiv Q4 sales rise 26% to $2.35 billion; 2025 sales guidance raised

Mixed earnings Written later 2.027.01

Vertiv reported fourth-quarter 2024 net sales of $2,346.4 million, up 26% from a year earlier, and adjusted diluted EPS of $0.99, up 77%. GAAP diluted EPS fell to $0.38 from $0.60, mainly because of a $180.0 million charge tied to the change in fair value of warrant liabilities. The company raised its 2025 net sales midpoint by about $75 million versus November guidance while keeping its adjusted diluted EPS outlook consistent with November.

  • Q4 2024 net sales $2,346.4 million vs. $1,865.4 million in Q4 2023; net income $147.0 million vs. $232.6 million
  • GAAP diluted EPS $0.38 vs. $0.60; adjusted diluted EPS $0.99, up 77%
  • Change in fair value of warrant liabilities was a $180.0 million expense in Q4 2024, versus $54.5 million a year earlier
  • 2025 guidance: net sales $9,125 million to $9,275 million; adjusted diluted EPS $3.50 to $3.60
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