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).
Marcus & Millichap reported fourth quarter 2024 revenue of $240.1 million, up 44.4% from $166.2 million a year earlier, and net income of $8.5 million, or $0.22 per diluted share, compared with a net loss of $10.2 million in the prior-year quarter. For full year 2024, revenue rose 7.8% to $696.1 million and the net loss narrowed to $12.4 million from $34.0 million, but the company said its results are preliminary until it files its Form 10-K.
Q4 2024 total revenue was $240.1 million versus $166.2 million; brokerage commissions were $202.8 million versus $144.6 million.
Full year 2024 net loss was $12.4 million, or $0.32 per diluted share, compared with a net loss of $34.0 million, or $0.88, in 2023.
Management said near-term challenges are expected to extend through the first half of 2025, with about $70.5 million remaining under the share repurchase program.
The company has not yet filed its Form 10-K for 2024, so all reported results are subject to change.
Corsair Gaming said CEO Andy Paul will retire from the CEO role and board effective July 1, 2025, and the board appointed President and COO Thi La as CEO effective the same date. The filing does not report any financial results or guidance changes tied to the transition, so the change is a leadership transition rather than a change in reported performance.
Andy Paul notified the company of his retirement on February 10, 2025; he will serve as CEO until June 30, 2025 under a Transition Agreement
Thi La, currently President and COO, was appointed CEO on February 11, 2025, effective July 1, 2025, on a three-year employment term at an annual base salary of $800,000
La's target annual bonus is 120% of base salary, and the company intends to grant equity with an aggregate target value of $5 million, subject to board approval
If Paul stays through June 30, 2025 and signs a release, his stock options and RSUs fully vest and his option exercise period extends 24 months
Cinemark's Compensation Committee approved an amended and restated Short-Term Incentive Plan (STIP) on February 11, 2025, setting the terms for annual cash bonuses for certain executive officers and other key employees. The plan ties bonuses to company performance goals and allows individual adjustments, which affects how incentive pay is set for the company's leadership.
Compensation Committee approved the amended STIP on February 11, 2025
Bonuses are paid if the company meets performance goals set by the committee
Individual bonuses may be cut by up to 50% or raised by up to 15%, capped at 200% of target
Participants must generally stay employed through the last day of the plan year
Acuity Brands said Senior Vice President and Chief Human Resources Officer Dianne S. Mills notified the company on February 10, 2025, of her plan to retire from that role effective December 31, 2025. She is expected to stay on as a strategic advisor for a period after retiring, and the company has not yet entered into any compensation arrangements with her.
Dianne S. Mills, SVP and Chief Human Resources Officer, gave notice on February 10, 2025
Retirement from the role is effective December 31, 2025
Mills is expected to continue as a strategic advisor for a period after retiring
No compensation arrangements had been entered into with Mills as of the filing
Hecla reported record full-year 2024 sales of $929.9 million and net income applicable to common stockholders of $35.3 million, or $0.06 per share, compared with a 2023 loss of $84.8 million. Net income included $50 million of Lucky Friday insurance proceeds, and the company said it reduced net debt, lowering its net leverage ratio to 1.6 times from 2.7 times. The company also declared dividends on its common stock and Series B preferred stock, and said it had streamlined its dividend policy to eliminate the silver-linked component.
Full-year 2024 sales were $929.9 million, up from $720.2 million in 2023; adjusted EBITDA was $337.9 million.
Net income applicable to common stockholders was $35.3 million, or $0.06 per share, versus a loss of $84.8 million in 2023.
Common dividend of $0.00375 per share: record date March 10, 2025, payable on or about March 24, 2025; Series B preferred dividend of $0.875: record date March 14, 2025, payable on or about April 1, 2025.
Hecla projects 2025 silver production to remain comparable to 2024, with Keno Hill power curtailments expected to continue through the first half of 2025.
ARMOUR Residential REIT amended its equity sales agreement to raise the number of common shares it may sell through agents by 15,000,000. The amended program covers up to 24,049,403 shares, including 9,049,403 shares left unsold under earlier amendments. The filing does not state how many shares have been sold or the proceeds, and it describes the change only as a sales program expansion, so existing shareholders may face potential dilution if these shares are issued.
Amendment No. 5 dated February 13, 2025 adds 15,000,000 shares to the at-the-market sales program
Total shares available under the amended agreement: 24,049,403, including 9,049,403 unsold shares carried over
Sales agents include BUCKLER Securities, B. Riley Securities, BTIG, Citizens JMP, Janney Montgomery Scott, JonesTrading, Ladenburg Thalmann and StockBlock Securities
Shares will be issued under a prospectus supplement filed February 13, 2025 on shelf registration Form S-3 (No. 333-278327)
Ice Mountain LLC, a selling stockholder tied to the Katz family of former Elkay, sold 7.75 million Zurn Elkay common shares at $35.00 per share in an underwritten offering that closed February 13, 2025. Zurn Elkay did not sell any shares and received no sale proceeds, but it repurchased 1,636,905 shares from the underwriters for approximately $55 million.
Offering size: 7,750,000 shares priced at $35.00 per share; underwriters also had an option for 1,162,500 more shares, which was exercised February 12, 2025
Zurn Elkay repurchased 1,636,905 shares from the underwriters, approximately $55 million, at the price the underwriters paid the selling stockholder
The company received no proceeds from the sale of shares by Ice Mountain LLC
Ice Mountain LLC's remaining shares are subject to a lock-up agreement that expires October 31, 2026
PDF Solutions reported record fourth-quarter and full-year 2024 total revenues of $50.1 million and $179.5 million, up 22% and 8% respectively. The company said it expects full-year 2025 revenues to grow at a rate approaching 15%, while GAAP net income for the quarter fell to $0.5 million from $0.9 million a year earlier.
Q4 2024 total revenues were $50.1 million, up 22% from the fourth quarter of 2023, with GAAP diluted EPS of $0.01 versus $0.02 a year earlier.
Non-GAAP diluted EPS for Q4 2024 was $0.25, compared with $0.15 in Q4 2023.
Full-year 2024 revenues were $179.5 million, up 8%, and GAAP diluted EPS was $0.10 versus $0.08 in 2023.
CEO John Kibarian said the company expects 2025 full-year revenues to grow at a rate approaching 15% year over year.
Ingersoll Rand reported fourth-quarter and full-year 2024 results, with full-year revenue of $7,235 million, up 5%, and full-year adjusted EPS of $3.29, up 11%. The company also gave 2025 guidance calling for revenue growth of 3% to 5% and adjusted EPS of $3.38 to $3.50, which would help shareholders gauge expected growth from the 2024 base.
Q4 2024 revenue was $1,899 million, up 4%, and reported net income attributable to the company was $230 million, or $0.57 per share.
Q4 2024 adjusted EPS was $0.84, compared with $0.86 in the fourth quarter of 2023.
Full-year 2024 adjusted EPS was $3.29, up 11%, and reported EPS was $2.06.
2025 guidance: revenue growth of 3% to 5%, adjusted EBITDA of $2,130 million to $2,190 million, and adjusted EPS of $3.38 to $3.50.
Ameren reported fourth-quarter and full-year 2024 results on February 13, 2025. Full-year GAAP diluted EPS was $4.42, up from $4.38 in 2023, and adjusted EPS was $4.63, after excluding $55 million of charges tied to matters outstanding for over a decade. The company affirmed its 2025 EPS guidance of $4.85 to $5.05 and issued a 6% to 8% diluted EPS compound annual growth rate target for 2025 through 2029.
Q4 2024 net income attributable to common shareholders was $207 million, or $0.77 per diluted share, versus $158 million, or $0.60, in Q4 2023.
Full-year 2024 adjusted EPS was $4.63 versus $4.38 in 2023; the excluded charges were $45 million for Rush Island and $10 million for FERC-related customer refunds.
Ameren expects projected rate base growth of about 9.2% compounded annually from 2024 through 2029.
Results are unaudited; the press release and financial statements were furnished under Items 2.02 and 8.01, and a conference call is set for February 14, 2025.
On February 13, 2025, Alexandria Real Estate Equities, Inc. issued and sold $550 million of 5.50% Senior Notes due October 1, 2035, in a registered public offering. The notes are unsecured senior obligations, fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P., and rank equally with the company's existing and future unsecured senior debt. The filing adds new long-term debt for shareholders to weigh, and it does not discuss the use of proceeds.
$550 million aggregate principal of 5.50% Senior Notes issued February 13, 2025, maturing October 1, 2035
Interest is payable semi-annually on April 1 and October 1, beginning October 1, 2025
Notes may be redeemed before July 1, 2035 at par plus accrued interest and a make-whole amount; U.S. Bank Trust Company, National Association is trustee
Franklin BSP Realty Trust reported fourth-quarter 2024 GAAP net income of $30.2 million, or $0.29 per diluted share, up slightly from $30.0 million, or $0.28, a year earlier. For the full year, GAAP net income fell to $92.4 million, or $0.82 per diluted share, from $144.5 million, or $1.42, in 2023, and Distributable Earnings fell to $100.7 million from $189.5 million.
Q4 2024 GAAP net income $30.2 million ($0.29 per diluted share) vs. $30.0 million ($0.28) in Q4 2023
Full-year 2024 GAAP net income $92.4 million ($0.82 per diluted share) vs. $144.5 million ($1.42) in 2023
Full-year 2024 Distributable Earnings $100.7 million ($0.92 per fully converted share) vs. $189.5 million ($1.92) in 2023
Declared Q4 2024 common dividend of $0.355 per share; book value $15.19 per diluted share at December 31, 2024
Bio-Rad reported fourth-quarter 2024 net sales of $667.5 million, down 2.0%, and income from operations of $58.4 million, down from $95.3 million a year earlier. A $976.5 million loss from changes in the fair market value of equity securities and a loan receivable, which the company said substantially contributed to the result, drove a net loss of $715.8 million, and the company also began a restructuring that it expects to cost $45 million to $50 million. Shareholders also face a pending Stilla Technologies acquisition and 2025 guidance for non-GAAP currency-neutral revenue growth of 1.5% to 3.5%.
Q4 2024 net sales were $667.5 million, down 2.0% from $681.2 million; Life Science segment sales fell 5.5% to $275.0 million.
Q4 2024 net loss was $715.8 million, or $25.57 per diluted share, versus net income of $349.7 million in Q4 2023.
Restructuring plan initiated February 7, 2025, to eliminate about 5% of the workforce, with total costs estimated at $45 million to $50 million, $30 million to $35 million of which is expected in Q1 2025.
Company made a binding offer to buy all equity interests in Stilla Technologies, a French corporation, and expects 2025 non-GAAP operating margin of 13.0% to 13.5%.
Kroger appointed David Kennerley, 51, senior vice president and chief financial officer from PepsiCo Europe, as its CFO effective April 3, 2025. Kennerley joins Kroger on March 10, 2025, and Todd Foley, the interim CFO, remains in that role until April 3 before retiring at the end of the first quarter.
Kennerley has been CFO for PepsiCo Europe since March 2020 and has worked at PepsiCo since 2001.
Kennerley's compensation includes an annual base salary of $800,000 and an annual incentive bonus target of $800,000.
He will receive a one-time cash bonus of $1.35 million and a one-time grant of $2.8 million in restricted shares, to be awarded in March 2025.
Foley remains interim CFO until April 3, 2025, then stays as senior vice president until his retirement at the end of the first quarter.
Sonoco's board approved an increase in its size from eleven to twelve directors and appointed Scott A. Clark, a former Michelin executive, as an independent director. Clark will serve on the Audit Committee and Executive Compensation Committee and will stand for shareholder election at the 2025 Annual Meeting.
Board expanded from 11 to 12 directors; Clark appointed on February 12, 2025
Clark, 59, spent 28 years at Michelin, most recently as Executive Vice President and member of its Group Executive Committee
Clark joins the Audit Committee and Executive Compensation Committee and will receive standard non-employee director compensation
International Paper said it committed on February 11, 2025 to permanently close its containerboard mill in Campti, Louisiana, and announced on February 13 that it will also close a recycling plant in Phoenix, Arizona, a box plant in Hazleton, Pennsylvania, and a sheet feeder facility in St. Louis, Missouri. The company estimates pre-tax charges of about $357 million, mostly noncash asset write-offs, to be recorded in the three months ending March 31, 2025. The closures reduce containerboard capacity and affect 495 hourly and 179 salaried employees, which shareholders should weigh against the charge.
Campti, La. mill operations expected to cease by March 31, 2025; closure reduces containerboard capacity by about 814,000 tons annualized in the 8-K (press release says about 800,000 tons)
Estimated pre-tax charges of about $357 million: $311 million noncash asset write-off, including $276 million accelerated depreciation, and $46 million cash severance and shutdown charges
Press release adds closures of Phoenix, Ariz. recycling plant, Hazleton, Pa. box plant and St. Louis, Mo. sheet feeder facility, all ceasing operations by the end of April 2025
Company expects the Campti closure to reduce its workforce by about 481 employees; 495 hourly and 179 salaried employees are affected across the facilities
Verisign CFO George Kilguss III informed the board on February 10, 2025, that he will retire effective May 31, 2025. The board appointed John D. Calys, the company's Senior Vice President, Global Controller and Chief Accounting Officer, to succeed him as Principal Financial Officer and Principal Accounting Officer. The change is a senior finance leadership transition, and the filing does not report any financial results or guidance tied to it.
George E. Kilguss III, EVP and CFO, retires effective May 31, 2025, after 13 years with the company and CFO since 2012
John D. Calys, SVP, Global Controller and Chief Accounting Officer, succeeds Kilguss as CFO upon his retirement
Calys previously served as interim CFO in 2011 and 2012; compensation terms for his new role have not been decided as of the filing date
Kilguss is expected to serve as an advisor after retiring, with compensation terms not yet decided
Motorola Solutions reported fourth-quarter and full-year 2024 results, with Q4 sales up 6% to $3.0 billion and full-year sales up 8% to $10.8 billion. Full-year GAAP EPS fell 7% to $9.23, while non-GAAP EPS rose 16% to $13.84, and the company expects 2025 revenue growth of about 5.5% and non-GAAP EPS of $14.64 to $14.74.
Q4 2024 sales were $3,010 million, up 6% from Q4 2023; full-year sales were $10,817 million, up 8%.
Q4 GAAP EPS was $3.56, up 3%; full-year GAAP EPS was $9.23, down 7%, while full-year non-GAAP EPS was $13.84, up 16%.
2025 outlook: full-year revenue growth of about 5.5% and non-GAAP EPS of $14.64 to $14.74; first-quarter non-GAAP EPS of $2.98 to $3.03.
Backlog reached $14.7 billion, up 3%, and the company agreed to acquire Theatro after quarter end.
Kinsale Capital reported fourth-quarter 2024 net income of $109.1 million, or $4.68 per diluted share, up from $103.4 million, or $4.43, a year earlier. For full-year 2024, net income rose to $414.8 million, or $17.78 per diluted share, from $308.1 million, or $13.22, in 2023. The company also estimates about $25 million in pre-tax wildfire catastrophe losses, net of reinsurance, for the first quarter of 2025.
Q4 2024 net income $109.1 million, $4.68 per diluted share, vs. $103.4 million, $4.43 in Q4 2023
Full-year 2024 net income $414.8 million, $17.78 per diluted share, vs. $308.1 million, $13.22 in 2023
Q4 gross written premiums rose 12.2% to $443.3 million; combined ratio was 73.4% vs. 72.1% a year earlier
Estimated pre-tax wildfire catastrophe losses of about $25 million, net of reinsurance, expected in Q1 2025
Federal Realty reported full-year 2024 diluted earnings of $3.42 per share, up from $2.80 in 2023, and FFO of $6.77 per diluted share, up from $6.55. Fourth-quarter diluted EPS was $0.75 versus $0.76 a year earlier, while quarterly FFO rose to $1.73 from $1.64. The company also introduced 2025 guidance of $3.00 to $3.12 in diluted EPS and $7.10 to $7.22 in FFO per diluted share.
Full-year 2024 total revenue was $1.20 billion, versus $1.13 billion in 2023, and net income available for common shareholders was $287.2 million.
Fourth-quarter 2024 total revenue was $311.4 million, versus $291.8 million a year earlier; quarterly diluted EPS was $0.75 versus $0.76.
Portfolio was 94.1% occupied and 96.2% leased as of December 31, 2024, up 190 and 200 basis points year over year.
2025 guidance: diluted EPS of $3.00 to $3.12 and FFO per diluted share of $7.10 to $7.22; a regular quarterly dividend of $1.10 per share was declared, payable April 15, 2025.
Twilio reported fourth quarter 2024 revenue of $1.19 billion, up 11% year over year, and GAAP income from operations of $13.7 million, compared with a loss of $361.7 million a year earlier. For full year 2024, revenue rose 7% to $4.46 billion and the GAAP operating loss narrowed to $53.7 million from $876.5 million, while the company gave first-quarter 2025 revenue guidance and reiterated its full-year 2025 targets. For shareholders, the filing shows higher revenue and a much smaller operating loss, plus a new share repurchase program of up to $2.0 billion.
Q4 2024 GAAP income from operations of $13.7 million, versus a GAAP loss from operations of $361.7 million in Q4 2023.
Full year 2024 GAAP loss from operations of $53.7 million, versus $876.5 million in 2023; GAAP net loss per share of $0.66 versus $5.54.
Q1 2025 revenue guidance of $1.13 billion to $1.14 billion; full year 2025 targets reiterated, including non-GAAP income from operations of $825 million to $850 million.
In January 2025, the board authorized a share repurchase program of up to $2.0 billion, expiring December 31, 2027.
Bright Horizons reported fourth-quarter and full-year 2024 results on February 13, 2025, with revenue up 10% in the quarter and 11% for the year. The company also gave 2025 guidance of $2.85 billion to $2.9 billion in revenue and $3.95 to $4.15 in diluted adjusted earnings per share, which shareholders can compare with the $3.47 reported for 2024.
Q4 2024 revenue was $674 million, up 10%, and diluted earnings per share were $0.50 versus $0.09 a year earlier.
Full-year 2024 revenue was $2.7 billion, up 11%, and net income was $140 million, up 89%.
2025 guidance: revenue of $2.85 billion to $2.9 billion and diluted adjusted EPS of $3.95 to $4.15, versus $3.47 for 2024.
GoDaddy reported fourth-quarter 2024 revenue of $1.2 billion, up 8% year over year, and net income of $198.6 million, down 82% from a year earlier. The prior-year quarter included a non-routine, non-cash income tax benefit, and the company guided 2025 revenue to $4.860 billion to $4.940 billion, about 7% growth at the midpoint.
Q4 2024 revenue of $1.2 billion, up 8% year over year; diluted EPS of $1.36 versus $7.72 in Q4 2023.
Q4 2024 net income of $198.6 million versus $1,114.1 million in Q4 2023, which included a non-routine, non-cash tax benefit.
2025 outlook: full-year revenue of $4.860 billion to $4.940 billion and free cash flow of at least $1.500 billion, versus $1.356 billion in 2024.
Digital Realty reported fourth-quarter 2024 results with net income available to common stockholders of $179 million, or $0.51 per diluted share, compared with $0.03 a year earlier. Core FFO per diluted share rose to $1.73 from $1.63 a year earlier, and the company introduced a 2025 constant-currency Core FFO outlook of $7.05 to $7.15 per share, which matters to shareholders as a forward view of per-share earnings.
Net income available to common stockholders was $179 million, or $0.51 per diluted share, in Q4 2024, versus $0.03 in Q4 2023 and $0.09 in Q3 2024.
Core FFO per diluted share was $1.73 in Q4 2024, up from $1.63 a year earlier and $1.67 in the prior quarter.
Adjusted EBITDA was $751 million, down 1% from the prior quarter and up 7% from a year earlier.
The 2025 constant-currency Core FFO per share outlook is $7.05 to $7.15, with total revenue projected at $5.800 to $5.900 billion.
DaVita reported fourth-quarter 2024 revenue of $3.295 billion, up from $3.146 billion a year earlier, and diluted EPS of $3.09 versus $1.62. Adjusted diluted EPS was $2.24, down from $2.59 in the third quarter of 2024, and the company gave 2025 adjusted diluted EPS guidance of $10.20 to $11.30. The gain on changes in ownership interests contributed to the GAAP results, and shareholders benefit from the company's continued share repurchases.
Q4 2024 revenue was $3.295 billion, compared with $3.146 billion in Q4 2023.
Q4 2024 diluted EPS was $3.09, compared with $1.62 a year earlier; adjusted diluted EPS was $2.24, versus $2.59 in Q3 2024.
Full-year 2024 adjusted diluted EPS was $9.68, up from $7.67 in 2023.
2025 guidance: adjusted operating income of $2.010 billion to $2.160 billion and free cash flow of $1.000 billion to $1.250 billion.
Cohu reported fourth-quarter 2024 net sales of $94.1 million, down from $137.2 million a year earlier, and a GAAP net loss of $21.4 million, or $0.46 per share. For full year 2024, revenue fell to $401.8 million from $636.3 million and the GAAP net loss was $69.8 million, or $1.49 per share, so shareholders saw both lower sales and larger losses. The company guided first-quarter 2025 sales to $97 million, plus or minus $7 million.
Q4 2024 GAAP net loss of $21.4 million ($0.46 per share) versus a net loss of $2.0 million ($0.04 per share) in Q4 2023
Q4 2024 non-GAAP net loss of $7.1 million ($0.15 per share); full year 2024 non-GAAP net loss of $10.9 million ($0.23 per share)
Q1 2025 sales expected at $97 million, plus or minus $7 million
Company acquired Tignis, Inc., an artificial intelligence process control and analytics software provider; no shares were repurchased in Q4 2024
Republic Services reported fourth-quarter 2024 net income of $512 million, or $1.63 per diluted share, up from $1.39 a year earlier, on revenue growth of 5.6 percent. The company also issued 2025 guidance, including adjusted diluted earnings per share of $6.82 to $6.90 and revenue of $16.850 billion to $16.950 billion, which gives shareholders a outlook for the year ahead.
Q4 2024 revenue of $4,046 million, up 5.6 percent; net income of $512 million versus $440 million a year earlier
Q4 adjusted EPS of $1.58, up from $1.41 in the prior-year quarter; full-year 2024 EPS of $6.49 versus $5.47 in 2023
2025 guidance: revenue $16.850 billion to $16.950 billion; adjusted EBITDA $5.275 billion to $5.325 billion
2025 adjusted free cash flow expected at $2.320 billion to $2.360 billion; acquisitions of about $1 billion planned
IDACORP and Idaho Power appointed Scott W. Madison, a certified public accountant and former executive of the MDU Utilities Group, to their boards effective February 13, 2025, and to the IDACORP Audit Committee. The filing also reports a leadership change at Idaho Power, where Angelique Rood was promoted to Vice President of Corporate Services and Communications, succeeding Debra Leithauser, who is retiring effective October 31, 2025.
Madison's appointment is effective immediately and runs until the IDACORP annual meeting scheduled for May 2025, with annual election thereafter.
Madison will receive IDACORP common stock valued at approximately $140,000 on or about March 1, 2025, prorated compensation for 2025 service.
Madison retired in January 2025 as Executive Vice President of Business Development and Gas Supply for the MDU Utilities Group.
Debra Leithauser retires effective October 31, 2025, and will remain a Vice President on special projects until then.
Knowles reported fourth-quarter and full-year 2024 results and gave first-quarter 2025 guidance. Full-year revenue from continuing operations rose 21% to $553.5 million, but the company posted a full-year net loss of $237.8 million, driven by a $261.2 million loss from discontinued operations. The board also approved an additional $150 million for the stock repurchase program, bringing the amount available to approximately $194 million.
Q4 2024 revenues were $142.5 million, up from $139.2 million a year earlier; Q4 GAAP diluted EPS from continuing operations was $0.12, versus $0.29 a year earlier
Q4 non-GAAP diluted EPS was $0.27, versus $0.22 a year earlier
Q1 2025 guidance: revenues from continuing operations of $124 million to $134 million; non-GAAP diluted EPS of $0.16 to $0.20
Board approved $150 million added to the buyback program as of February 13, 2025; about $194 million is available
Yelp reported fourth-quarter and full-year 2024 results on February 13, 2025. Full-year net revenue rose 6% to a record $1.41 billion and net income rose 34% to $133 million, while adjusted EBITDA grew 8% to $358 million. The company also gave a 2025 outlook of $1.470 billion to $1.485 billion in net revenue and $345 million to $360 million in adjusted EBITDA, with Services advertising growth offsetting weaker Restaurants, Retail & Other advertising.
Q4 2024 net revenue was $362 million, up 6% year over year and $10 million above the high end of the company's outlook range.
Full-year 2024 diluted earnings per share were $1.88, compared with $1.35 in 2023.
Services advertising revenue rose 11% to $879 million, while Restaurants, Retail & Other advertising fell 3% to $470 million.
For 2025, Yelp expects net revenue of $1.470 billion to $1.485 billion and adjusted EBITDA of $345 million to $360 million.
Wynn Resorts reported fourth-quarter 2024 operating revenues of $1.84 billion, flat year over year, and net income attributable to the company of $277.0 million, down from $729.2 million a year earlier. The prior-year figure included a $474.2 million income tax benefit, while adjusted diluted earnings per share rose to $2.42 from $1.91. The company also declared a quarterly dividend of $0.25 per share.
Q4 2024 diluted EPS was $2.29 versus $6.19 in Q4 2023; adjusted diluted EPS was $2.42 versus $1.91.
Q4 2024 Adjusted Property EBITDAR was $619.1 million, down from $630.4 million in Q4 2023.
Full-year 2024 operating revenues were $7.13 billion, up $596.1 million, and diluted EPS was $4.35 versus $6.32.
Quarterly dividend of $0.25 per share is payable March 5, 2025, to holders of record as of February 24, 2025.
Roku reported fourth-quarter 2024 total net revenue of $1.2 billion, up 22% from a year earlier, and a net loss of $35.5 million, down from $78.3 million. The company also gave 2025 outlook, projecting full-year total net revenue of $4.610 billion and Adjusted EBITDA of $350 million, which gives shareholders a company-provided benchmark for the year ahead.
Q4 2024 total net revenue was $1.2 billion, up 22% year over year; Platform revenue was $1.04 billion, up 25%
Q4 2024 net loss was $35.5 million, or $0.24 per share, versus a net loss of $78.3 million, or $0.55 per share, a year earlier
Q4 2024 Devices gross loss was $47.4 million; Adjusted EBITDA was $77.5 million versus $47.7 million
2025 outlook: Q1 total net revenue of $1.005 billion and full-year total net revenue of $4.610 billion, with full-year Adjusted EBITDA of $350 million
Warrior Met Coal reported fourth-quarter 2024 net income of $1.1 million, or $0.02 per diluted share, down from $128.9 million, or $2.47 per diluted share, a year earlier. Full-year 2024 net income fell to $250.6 million from $478.6 million, and fourth-quarter total revenues were $297.5 million compared with $363.8 million in the prior-year quarter. The company also issued 2025 guidance, including coal sales of 8.2 to 9.0 million short tons, and declared a regular quarterly dividend of $0.08 per share.
Q4 2024 net income was $1.1 million ($0.02 per diluted share) versus $128.9 million ($2.47) in Q4 2023
Q4 2024 Adjusted EBITDA was $53.2 million versus $163.7 million; average net selling price was $154.54 per short ton versus $234.56
2025 guidance includes coal sales of 8.2 to 9.0 million short tons and cash cost of sales of $117 to $127 per short ton
Quarterly dividend of $0.08 per share, payable March 3, 2025 to holders of record as of February 24, 2025
Airbnb reported fourth-quarter 2024 revenue of $2.5 billion, up 12% year over year, and net income of $461 million, compared with a net loss of $349 million in Q4 2023. For Q1 2025, the company expects revenue of $2.23 billion to $2.27 billion and expects Adjusted EBITDA and its margin to decline from Q1 2024, which it attributes mainly to calendar factors and FX headwinds.
Q4 2024 revenue was $2.5 billion, up 12% year over year; full-year 2024 revenue was $11.1 billion.
Q4 2024 net income was $461 million (19% margin) versus a net loss of $349 million in Q4 2023, which included about $1 billion of non-recurring tax items.
Q4 2024 Adjusted EBITDA was $765 million, up 4%, with a 31% margin; full-year 2024 free cash flow was $4.5 billion.
For Q1 2025, revenue is expected at $2.23 billion to $2.27 billion, and the company plans $200 million to $250 million of investment in new businesses in 2025.
WaFd shareholders approved the 2025 Stock Incentive Plan at the February 11, 2025 Annual Meeting, replacing the 2020 Incentive Stock Plan, which expired January 22, 2025. The plan reserves 3,250,000 shares of common stock for stock options, restricted stock, restricted stock units, performance awards and other stock-based awards, and it will expire February 11, 2030. Shareholders also elected five directors, approved a non-binding advisory vote on executive compensation, and ratified Deloitte & Touche, LLP as auditor for fiscal 2025.
3,250,000 shares of common stock reserved under the 2025 Plan, subject to adjustment provisions
2025 Plan approval vote: 67,031,380 for, 3,540,529 against, 101,363 abstained
Plan replaces the 2020 Incentive Stock Plan, which expired January 22, 2025; the 2025 Plan expires February 11, 2030
Deloitte & Touche, LLP ratified as independent registered public accountants for fiscal 2025 with 74,122,496 votes for
LXP Industrial Trust reported fourth quarter 2024 results on February 13, 2025. Total gross revenues rose to $100.9 million from $83.0 million, and net income attributable to common shareholders rose to $31.4 million, or $0.11 per diluted share, from $13.0 million, or $0.04. Adjusted Company FFO fell to $47.0 million, or $0.16 per diluted share, from $51.4 million, or $0.17, and the trust estimated 2025 Adjusted Company FFO of $0.61 to $0.65 per diluted share.
Q4 2024 net income attributable to common shareholders was $31.4 million, or $0.11 per diluted share, versus $13.0 million, or $0.04, in Q4 2023.
Q4 2024 Adjusted Company FFO was $47.0 million, or $0.16 per diluted share, versus $51.4 million, or $0.17, in Q4 2023.
Total gross revenues were $100.9 million, versus $83.0 million a year earlier, including $15.0 million of additional rental revenue from a tenant purchase option.
2025 guidance: net income attributable to common shareholders of $0.01 to $0.05 per diluted share and Adjusted Company FFO of $0.61 to $0.65 per diluted share.
Vontier and certain subsidiaries signed amendments dated February 12, 2025, creating a three-year, $500 million senior unsecured term loan maturing February 12, 2028, and a five-year, $750 million senior unsecured revolving credit facility maturing February 12, 2030, with Bank of America as agent. The filing sets borrowing costs that depend on Vontier's long-term debt credit rating and extends the maturities of its existing credit agreements, but it does not state how much has been borrowed.
Term loan: three-year, $500 million, maturing February 12, 2028; Term SOFR plus 0.875% to 1.500% or Base Rate plus 0% to 0.500%
Revolving credit facility: five-year, $750 million, maturing February 12, 2030, including a $25 million swingline sublimit and a $75 million letter of credit sublimit
Revolver pricing: Term SOFR plus 1.015% to 1.575% or Base Rate plus 0.015% to 0.575%, depending on credit rating; agreements filed as Exhibits 10.1 and 10.2
Penske Automotive Group reported fourth quarter 2024 revenue of $7.7 billion, up 6% and a quarterly record, and earnings per share of $3.54 versus $2.84 a year earlier, a comparison that includes a $40.7 million goodwill impairment in the prior-year quarter. For full year 2024, revenue rose 3% to $30.5 billion, but net income attributable to common stockholders fell 12.8% to $918.9 million and EPS fell to $13.74 from $15.50. The board also declared a quarterly dividend of $1.22 per share, up 2.5%.
Q4 2024 revenue $7.7 billion, up 6%; net income attributable to common stockholders $236.4 million; EPS $3.54 vs $2.84
Q4 2023 included a $40.7 million goodwill impairment, or $0.61 per share
Full year 2024 EPS $13.74 vs $15.50; net income $918.9 million vs $1.05 billion
Dividend $1.22 per share, payable March 6, 2025, to holders of record as of February 24, 2025
LeMaitre Vascular agreed on February 7, 2025 to appoint Dorian LeBlanc as Chief Financial Officer and principal financial officer, effective March 10, 2025. LeBlanc most recently served as CFO of LumiraDx Limited, and later as its Chief Operating Officer, and the filing describes his offer letter terms, including base salary, bonus target, equity awards and severance.
Dorian LeBlanc agreed to terms on February 7, 2025 and takes over as CFO effective March 10, 2025.
Starting annual base salary of $565,000, with a discretionary bonus target of $225,000 and an annual equity award of $375,000 vesting over four years.
One-time restricted stock unit award valued at $100,000, vesting over four years.
If terminated without cause on or before March 10, 2028, severance is $100,000; after that date, it is the greater of two weeks of base salary per full year of service or $225,000.
Lincoln Electric reported fourth-quarter 2024 net sales of $1.02 billion, down 3.4% from a year earlier, as organic sales fell 7.5%. Diluted EPS was $2.47, down from $2.70, while adjusted EPS, which excludes special items, rose to $2.57 from $2.45, so shareholders see lower reported profit but higher underlying earnings per share.
Q4 2024 net sales were $1,022.0 million, down 3.4% from $1,058.5 million; organic sales fell 7.5%, with acquisitions adding 5.2%.
Diluted EPS was $2.47 versus $2.70 a year earlier; adjusted EPS was $2.57 versus $2.45.
Operating income was $177.0 million (17.3% of sales) versus $204.0 million (19.3%); adjusted operating margin was 18.2% versus 17.2%.
Full-year 2024 net sales were $4.0 billion, down 4.4%, and diluted EPS was $8.15 versus $9.37.
PPL reported 2024 net income of $888 million, or $1.20 per share, up from $1.00 in 2023, and earnings from ongoing operations of $1.69 per share, up from $1.60. The company set a 2025 earnings forecast of $1.75 to $1.87 per share and raised its capital plan to $20 billion for 2025 through 2028, which it says will require $2.5 billion in equity.
2024 reported EPS $1.20 vs. $1.00 in 2023; ongoing EPS $1.69 vs. $1.60
Fourth-quarter 2024 ongoing EPS was $0.34, down from $0.40 a year earlier
2025 EPS forecast range $1.75 to $1.87, midpoint $1.81; growth targets of 6% to 8% extended through at least 2028
Quarterly common dividend raised about 6%, from $0.2575 to $0.2725 per share, payable April 1, 2025
Organon reported fourth-quarter and full-year 2024 results and gave 2025 guidance. Full-year revenue rose 2% to $6.4 billion, but GAAP diluted EPS fell 17% to $3.33, and fourth-quarter GAAP net income dropped to $109 million from $546 million, a period that included a $476 million Swiss tax benefit. The 2025 revenue range of $6.125 billion to $6.325 billion sits below 2024 revenue, which shareholders should weigh against the company's adjusted margin outlook of 31.0% to 32.0%.
Q4 2024 revenue was $1.592 billion, flat with Q4 2023; diluted EPS was $0.42 versus $2.13, while non-GAAP adjusted diluted EPS was $0.90 versus $0.88
Full-year 2024 adjusted diluted EPS was $4.11 versus $4.14 in 2023; adjusted EBITDA margin was 30.6% versus 31.0%
2025 guidance: revenue of $6.125 billion to $6.325 billion, including an approximate $200 million foreign exchange headwind; adjusted EBITDA margin of 31.0% to 32.0%
Board declared a quarterly dividend of $0.28 per share, payable March 13, 2025, to holders of record on February 24, 2025
Xencor's Audit Committee concluded on February 11, 2025 that its 2023 annual report and its three 2024 quarterly reports can no longer be relied upon. The errors involve accounting for a November 2023 royalty transaction with OMERS Life Sciences and the treatment of research and development and state tax items. The company identified material weaknesses in internal control over financial reporting and expects to file amended reports before its 2024 Form 10-K.
The royalty deal with OMERS Life Sciences should be treated as debt, not deferred income; deferred income was overstated by $156.9 million and debt understated by $168.5 million for 2023.
Cash flow from operating activities for 2023 was overstated by $163.0 million, with financing cash flow understated by the same amount; the filing says there is no impact on cash and marketable debt securities.
Tax errors add an uncertain tax position of $5.6 million for 2023 and state income tax expense understated by approximately $2.2 million, excluding interest and penalties.
RSM US LLP recalled its February 28, 2024 audit reports, and the company plans to file amendments to each prior filing.
Knife River reported fourth-quarter 2024 revenue of $657.2 million, up 2%, and net income of $23.3 million, up 12% from a year earlier, with diluted EPS of $0.41 versus $0.36. For full-year 2024, revenue reached a record $2.9 billion and net income rose 10% to $201.7 million. The company also introduced 2025 revenue guidance of $3.0 billion to $3.2 billion and adjusted EBITDA guidance of $485 million to $535 million, excluding the pending $454 million Strata acquisition.
Q4 2024 net income $23.3 million vs. $20.7 million; diluted EPS $0.41 vs. $0.36
Full-year 2024 revenue $2.9 billion, up 2%; adjusted EBITDA $463.0 million, up 7%
2025 guidance: revenue $3.0 billion to $3.2 billion; adjusted EBITDA $485 million to $535 million
Strata Corporation acquisition for $454 million remains on track, with anticipated closing in the first half of 2025
Zebra Technologies reported fourth-quarter 2024 net sales of $1,334 million, up 32.2% from a year earlier, with GAAP diluted earnings of $3.14 per share versus $0.31. For full-year 2024, net sales rose 8.7% to $4,981 million and GAAP diluted EPS was $10.18 versus $5.72. The company guided 2025 net sales growth of 3% to 7% and non-GAAP diluted EPS of $14.75 to $15.25, and said it remains cautious about the rest of the year amid trade, geopolitical and macroeconomic uncertainty.
Q4 2024 net income was $163 million, or $3.14 per diluted share, versus $17 million, or $0.31, in Q4 2023; non-GAAP diluted EPS was $4.00 versus $1.71.
Full-year 2024 net sales were $4,981 million, up 8.7%, and full-year free cash flow was $954 million.
2025 outlook: first-quarter net sales growth of 8% to 11% and non-GAAP diluted EPS of $3.50 to $3.70; full-year net sales growth of 3% to 7% and non-GAAP diluted EPS of $14.75 to $15.25.
The outlook excludes the Photoneo acquisition, which the company expects to close in the first quarter of 2025.
PHINIA reported fourth-quarter 2024 net sales of $833 million, down 5.6% from a year earlier, and net earnings of $5 million, or $0.12 per diluted share, compared with $33 million, or $0.70 per share, in Q4 2023. For full year 2024, net sales were $3.40 billion and net earnings were $79 million, down from $102 million, and the company guided to 2025 net earnings of $140 million to $170 million. The board also raised the quarterly dividend 8% to $0.27 per share and increased its share repurchase authorization by $200 million.
Q4 2024 net earnings were $5 million, or $0.12 per diluted share, versus $33 million, or $0.70 per share, in Q4 2023.
Full year 2024 net sales were $3.40 billion, down 2.8%, and net earnings were $79 million, versus $102 million in 2023.
2025 guidance: net sales of $3.23 billion to $3.43 billion and net earnings of $140 million to $170 million.
Quarterly dividend raised to $0.27 per share from $0.25; repurchase program increased by $200 million, with about $320 million available.
Curtiss-Wright reported fourth-quarter and full-year 2024 results in a February 12, 2025 press release. Full-year sales rose 10% to $3.1 billion and diluted EPS was $10.55, up from $9.20, while the company also issued 2025 guidance calling for total sales of $3,335 million to $3,385 million and adjusted diluted EPS of $12.10 to $12.40.
Full-year 2024 sales of $3.1 billion, up 10%; reported diluted EPS of $10.55 versus $9.20 in 2023.
Fourth-quarter 2024 reported operating income of $155 million, down 4%; sales of $824 million, up 5%.
2025 guidance: total sales of $3,335 million to $3,385 million (7% to 8% growth) and diluted EPS of $12.10 to $12.40 (11% to 14% growth on an adjusted basis).
Full-year 2024 free cash flow of $483 million and share repurchases of $250 million.
Datadog reported fourth-quarter 2024 revenue of $738 million, up 25% from a year earlier, and fiscal 2024 revenue of $2.68 billion, up 26%. It also issued fiscal 2025 revenue guidance of $3.175 billion to $3.195 billion. For shareholders, revenue growth and higher non-GAAP earnings per share were partly offset by lower GAAP earnings per diluted share and a lower GAAP operating margin.
Fourth-quarter non-GAAP net income per diluted share was $0.49, up from $0.44; GAAP net income per diluted share was $0.13, down from $0.15.
Fourth-quarter GAAP operating margin was 1%, down from 5%; non-GAAP operating margin was 24%, down from 28%.
First-quarter 2025 revenue is expected between $737 million and $741 million; fiscal 2025 non-GAAP net income per share is expected between $1.65 and $1.70.
In December 2024 Datadog issued $1 billion of 0% convertible senior notes due 2029 in a private placement.
Zoetis reported fourth quarter and full year 2024 results and issued full year 2025 guidance. Fourth quarter revenue was $2.3 billion, up 5%, and full year revenue was $9.3 billion, up 8%, with reported diluted EPS of $5.47 for the year. For 2025, the company expects revenue of $9.225 billion to $9.375 billion and reported diluted EPS of $5.70 to $5.80, or adjusted diluted EPS of $6.00 to $6.10.
Fourth quarter 2024 net income was $581 million, or $1.29 per diluted share, up 11% and 13% on a reported basis.
Full year 2024 revenue was $9.3 billion, up 8%, and net income was $2.5 billion, or $5.47 per diluted share.
2025 guidance: revenue of $9.225 billion to $9.375 billion; reported diluted EPS of $5.70 to $5.80; adjusted diluted EPS of $6.00 to $6.10.
The medicated feed additive portfolio divestiture was completed on October 31, 2024.
Howmet Aerospace reported record fourth quarter and full year 2024 revenue, net income and cash generation, with fourth quarter revenue of $1.9 billion, up 9% year over year, and full year revenue of $7.4 billion, up 12%. The company raised the midpoint of its 2025 revenue growth guidance to approximately 8% and expects improved profit and cash generation, and its board approved a 25% increase in the quarterly dividend to $0.10 per share.
Q4 2024 net income was $314 million, or $0.77 per diluted share, versus $236 million, or $0.57, in Q4 2023.
Full year 2024 net income was $1.2 billion, or $2.81 per diluted share, versus $765 million, or $1.83, in 2023.
FY 2025 revenue guidance baseline is $8.030 billion, with the midpoint growth raised to approximately 8% from 7.5%.
The quarterly dividend rises to $0.10 per share, payable February 25, 2025; $2.15 billion of repurchase authorization remained as of January 31, 2025.
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