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).
Louisiana-Pacific reported fourth-quarter and full-year 2024 results in a press release dated February 19, 2025, filed with the SEC as Exhibit 99.1. Q4 net sales rose 3% to $681 million and full-year net income reached $420 million, but the company guided 2025 consolidated Adjusted EBITDA to $615 million to $635 million, below the $688 million reported for 2024.
Q4 2024 net sales rose 3% to $681 million; net income was $63 million ($0.89 per diluted share) versus $0.81 a year earlier.
Q4 Adjusted EBITDA fell $5 million to $125 million; full-year 2024 net income was $420 million ($5.89 per diluted share), up $243 million.
2025 consolidated Adjusted EBITDA guidance is $615 million to $635 million for the full year and $130 million to $150 million for Q1 2025.
Quarterly dividend for Q1 2025 was raised to $0.28 per share from $0.26.
OGE Energy reported 2024 diluted earnings of $2.19 per share, up from $2.07 in 2023, with net income of $441.5 million compared with $416.8 million. The company guided to 2025 consolidated earnings of $2.21 to $2.33 per diluted share, with a $2.27 midpoint, and expects annual earnings per share growth of 5% to 7% from that midpoint, which signals continued growth for shareholders.
2024 net income was $441.5 million, or $2.19 per diluted share, versus $416.8 million, or $2.07, in 2023
Fourth-quarter 2024 net income was $101.9 million, or $0.50 per diluted share, versus $48.2 million, or $0.24, a year earlier
2025 guidance midpoint is $2.27 per diluted share, within a range of $2.21 to $2.33
Board approved a second-quarter dividend of $0.42125 per common share, payable April 25, 2025, to holders of record on April 7, 2025
Advance Auto Parts director Sherice R. Torres told the board on February 12, 2025, that she will not stand for re-election at the company's upcoming annual shareholder meeting. The filing says her decision was not due to any disagreement with the company on its operations, policies, or practices.
Sherice R. Torres informed the board on February 12, 2025, of her decision
She will not stand for re-election at the upcoming annual shareholder meeting
The filing states there was no disagreement with the company on operations, policies, or practices
On February 13, 2025, MPT's operating partnership closed $1.5 billion of 8.500% notes due 2032 and €1.0 billion of 7.000% notes due 2032, and the company amended its revolving credit and term loan agreement. The notes are secured by first-priority liens on equity of subsidiaries owning or ground leasing 169 properties, and the amendment extends the revolving facility's maturity to June 30, 2027 while removing several financial covenants and resetting the interest rate to SOFR plus 2.25%. The filing shows new secured debt ranking alongside the credit facility, which may affect how much collateral is available to unsecured creditors and shareholders.
$1.5 billion of 8.500% Senior Secured Notes due February 15, 2032 and €1.0 billion of 7.000% Senior Secured Notes due 2032 were issued under an indenture dated February 13, 2025.
Notes are secured by first-priority liens on equity of subsidiaries that own or ground lease 169 properties with 20 operators in the United States, United Kingdom and Germany.
Amendment No. 3 extends the revolving credit facility maturity to June 30, 2027, resets interest to SOFR plus 2.25% and sets a maximum secured leverage ratio of 40%.
Before February 15, 2028, up to 40% of each note series may be redeemed at 108.500% (dollar notes) or 107.000% (euro notes) using equity offering proceeds.
Director Tracy A. Embree notified Louisiana-Pacific on February 13, 2025 that she will not stand for re-election at the 2025 Annual Meeting of Stockholders. She will serve out her current term, which expires at that meeting, and the company says the decision was for personal reasons, not a disagreement over operations, policies or practices.
Notice given to the company on February 13, 2025
Embree served on the Board for nine years
Her term runs until the 2025 Annual Meeting of Stockholders
Company states no disagreement on operations, policies or practices
CVR Energy reported fourth-quarter 2024 net income attributable to stockholders of $28 million, or 28 cents per diluted share, down from $91 million, or 91 cents, a year earlier. Adjusted results moved to a loss of 13 cents per share from adjusted earnings of 65 cents, and full-year net income attributable fell to $7 million, or 6 cents per share, from $769 million, or $7.65. The company attributed the refining decline mainly to lower crack spreads and, to a lesser degree, lower throughput.
Fourth-quarter 2024 net sales were $1.947 billion, compared with $2.202 billion in the fourth quarter of 2023.
Full-year 2024 net income attributable to CVR Energy stockholders was $7 million, or 6 cents per share, versus $769 million, or $7.65 per share, in 2023.
Petroleum Segment adjusted EBITDA was $9 million in the fourth quarter of 2024, compared with $152 million a year earlier; adjusted refining margin was $6.45 per barrel versus $12.91.
The company raised $408 million in the fourth quarter of 2024 through a Term Loan and the sale of its 50% interest in Midway Pipeline, and ended 2024 with $987 million in cash.
Aramark Services, Inc., an indirect wholly owned subsidiary of Aramark, entered into Incremental Amendment No. 17 to its credit agreement on February 18, 2025, establishing $1,395,000,000 of new U.S. Term B-8 Loans due June 2030. The proceeds were used to refinance the U.S. Term B-4 Loans, redeem the company's 5.000% Senior Notes due 2025, and pay related fees and costs. The filing describes a refinancing of existing debt rather than new borrowing for an acquisition or other stated purpose.
New U.S. Term B-8 Loans totaling $1,395,000,000, fungible with existing B-8 loans due June 2030
Loans bear interest at Term SOFR or a base rate, plus a margin of 2.00% (Term SOFR) or 1.00% (base rate)
Proceeds refinanced U.S. Term B-4 Loans and redeemed the 5.000% Senior Notes due 2025
Quarterly principal installments begin March 31, 2025, with a balloon payment of $2,346,397,208.12 at maturity
Sonoco reported a fourth-quarter 2024 GAAP net loss attributable to Sonoco of $43 million, or $(0.44) per diluted share, compared with net income of $81 million a year earlier. Adjusted diluted EPS was $1.00 versus $1.02, and full-year 2024 net sales fell 3% to $5.3 billion. The company guided 2025 adjusted EPS to $6.00 to $6.20, which it says reflects growth from the Eviosys acquisition completed December 4, 2024.
Q4 2024 net sales were $1.4 billion, up 2%, while GAAP operating profit fell to $56 million from $103 million
Full-year 2024 GAAP diluted EPS was $1.65 versus $4.80; adjusted diluted EPS was $4.89 versus $5.26
2025 guidance: adjusted EPS of $6.00 to $6.20, operating cash flow of $750 million to $850 million, and adjusted EBITDA of $1.3 billion to $1.4 billion
Agreement to sell the TFP business to TOPPAN Holdings, Inc. for approximately $1.8 billion
Toll Brothers reported first-quarter fiscal 2025 net income of $177.7 million, or $1.75 per diluted share, down from $239.6 million, or $2.25 per share, a year earlier. The company blamed the decline primarily on impairments and a delay in the sale of a stabilized apartment property in one of its joint ventures, and it reaffirmed all key full-year homebuilding guidance.
Home sales revenues were $1.84 billion, down 5%, while delivered homes rose 3% to 1,991.
Net signed contract value was $2.31 billion, up 12%, but management said sales are pressured at the lower end of the market.
Overall impairments were $22.6 million, compared with $1.5 million a year earlier.
Full-year fiscal 2025 guidance was reaffirmed, including 11,200 to 11,600 deliveries; second-quarter deliveries are guided to 2,500 to 2,700 units.
Brinker International appointed Timothy (TJ) Johnson to its Board of Directors, effective February 12, 2025, and the company announced it on February 18. The Board also set a $585,000 annual base salary for Executive Vice President and Chief Financial Officer Ware, with a 75% target bonus and an expected annual equity award valued at $750,000, which the company said reflects her performance and aligns pay with the median for her role at its peer group.
Timothy Johnson was appointed to the Board on February 12, 2025; the filing says he has not yet been assigned to any Board committee.
Johnson was Chief Financial and Chief Administrative Officer at Victoria's Secret & Co. since 2021, with a planned retirement in June 2025.
CFO Ware's base salary is $585,000, with a target bonus of 75% of base salary under the Bonus Plan.
Ware is expected to receive an annual equity award valued at $750,000, split between restricted stock units and performance-based RSUs.
The Andersons reported fourth quarter 2024 net income attributable to the company of $45 million, or $1.31 per diluted share, down from $51 million, or $1.49 per share, a year earlier. For the full year, net income rose to $114 million, or $3.32 per diluted share, from $101 million, or $2.94 per share, but adjusted EBITDA for the year was $363 million, down from $405 million in 2023.
Q4 2024 net income attributable to the company was $45.1 million, versus $51.2 million in Q4 2023
Q4 2024 sales and merchandising revenues were $3.12 billion, versus $3.21 billion in Q4 2023
Full-year 2024 net income was $114.0 million ($3.32 per diluted share), versus $101.2 million ($2.94) in 2023
Management will discuss results and 2025 outlook on a webcast on February 19, 2025, at 8:30 a.m. ET
Loews Corporation's Compensation Committee set the compensation for Benjamin J. Tisch, who was appointed President and Chief Executive Officer effective January 1, 2025, and approved special stock appreciation right (SAR) grants to him, Alexander H. Tisch and CFO Jane J. Wang. The SARs only deliver value if Loews stock rises to $100, $150 or $200 per share, and the filing describes them as not part of regular annual pay, so shareholders may see added incentive tied to share price gains.
Benjamin J. Tisch base salary $1,000,000; 2025 target cash incentive $2,600,000; 2025 target PRSU award of 10,690 units with grant date fair value of $900,000
Special SAR grants on February 17, 2025 total 100,000, 150,000 and 200,000 SARs for Benjamin and Alexander Tisch at $100, $150 and $200 exercise prices
Grant date fair value of SAR awards: $4,093,500 each for Benjamin and Alexander Tisch; $3,070,125 for Jane J. Wang
SARs have a 10-year term and become exercisable seven years after grant
Centerspace reported results for the year ended December 31, 2024, showing a net loss of $1.27 per diluted share compared with net income of $2.32 in 2023. Core FFO per diluted share rose 2.1% to $4.88, and the company gave 2025 guidance of $4.86 to $5.10 in Core FFO per diluted share. The filing also amended its Code of Conduct and Code of Ethics for Senior Financial Officers, which the company says make no material change to obligations.
Full-year 2024 net loss of $1.27 per diluted share, versus net income of $2.32 in 2023; fourth-quarter net loss was $0.31 per share
Core FFO of $4.88 per diluted share for 2024, up from $4.78; same-store NOI grew 3.7%
2025 guidance: Core FFO of $4.86 to $5.10 per diluted share; net loss of $0.71 to $0.45 per diluted share
Quarterly distribution of $0.77 per share, payable April 8, 2025 to holders of record March 28, 2025
International Flavors & Fragrances reported fourth quarter and full year 2024 results on February 18, 2025. Full year reported EPS was $0.95 versus a loss of $10.05 in 2023, which included a $2.6 billion goodwill impairment, while fourth quarter reported EPS was a loss of $0.18 on fourth quarter sales up 3% to $2.77 billion. For 2025 the company guided to sales of $10.6 billion to $10.9 billion and adjusted operating EBITDA of $2 billion to $2.15 billion, with the Pharma Solutions divestiture assumed to close June 30, 2025.
Full year 2024 reported sales were $11.48 billion, flat versus 2023; comparable currency neutral sales rose 6%.
Full year 2024 reported EPS was $0.95 versus a loss of $10.05 in 2023; adjusted EPS excluding amortization was $4.31.
Fourth quarter 2024 reported loss before taxes was $(115) million; reported EPS was $(0.18).
2025 guidance: sales of $10.6 billion to $10.9 billion and adjusted operating EBITDA of $2 billion to $2.15 billion.
At its February 12, 2025 annual meeting, shareholders elected all ten director nominees and ratified Deloitte & Touche LLP as the independent auditor for fiscal 2025. The filing also discloses fiscal 2024 cash bonuses approved February 11, 2025, which were left out of the proxy statement because the amounts had not yet been set.
Christopher T. Metz received 13,980,186 votes for and 5,321,592 withheld, the weakest support among the ten nominees.
Deloitte & Touche LLP was ratified with 19,566,205 votes for and 268,191 against.
Non-equity incentive pay for fiscal 2024 includes $920,000 for Mary Beth Springer and $341,000 for John Hanson; the Board withdrew Proposal Three on an officer exculpation amendment.
Element Solutions reported full-year 2024 net sales of $2.46 billion, up 5% from 2023, and reported net income of $245 million, up from $118 million. It also issued 2025 adjusted EBITDA guidance of $520 million to $540 million, while fourth-quarter net income fell 29% to $55 million.
Full-year 2024 adjusted EBITDA was a record $535 million, up 11% on a reported basis from $482 million in 2023.
Fourth-quarter 2024 net income was $55 million, down 29% from $77 million a year earlier.
2025 guidance: adjusted EBITDA of $520 million to $540 million, with first-quarter 2025 adjusted EBITDA of about $125 million.
The company expects a reduction of about $30 million from the Graphics business sale, expected to close in the first quarter of 2025 for about $325 million.
Liberty Energy director Audrey Robertson gave notice on February 12, 2025, that she intends to resign from the board. Her resignation is effective only upon and subject to Senate ratification as Assistant Secretary of Energy, Efficiency and Renewables at the U.S. Department of Energy. She will remain on the board until she is confirmed, so the filing does not change the company's board or operations today.
Audrey Robertson provided notice of resignation from the Board on February 12, 2025.
Resignation is effective upon and subject to Senate confirmation as Assistant Secretary of Energy, Efficiency and Renewables.
Robertson will continue to serve on the Board unless and until confirmed by the Senate.
The filing was signed by Chief Legal Officer and Corporate Secretary R. Sean Elliott on February 18, 2025.
Comstock Resources reported fourth-quarter 2024 results with a GAAP net loss of $55.3 million, compared with net income of $108.4 million a year earlier. The loss reflects a $126.9 million unrealized hedging loss, and adjusted net income rose to $46.3 million, or $0.16 per share, while revenue fell, and the company reported that proved reserves fell to 3.8 Tcfe from 4.9 Tcfe, which shareholders should weigh alongside a planned increase in 2025 drilling spending.
Q4 2024 net loss was $55.3 million, or $0.19 per share, versus net income of $108.4 million, or $0.39 per share, in Q4 2023.
Q4 2024 adjusted net income was $46.3 million, or $0.16 per share, versus $27.9 million, or $0.10 per share, in Q4 2023.
Q4 2024 total revenues were $366.5 million, down from $410.6 million; production was 124.2 Bcfe versus 140.6 Bcfe.
Proved reserves at December 31, 2024 were 3.8 Tcfe, down from 4.9 Tcfe, with 2025 development spending planned at $1.0 billion to $1.1 billion.
Genworth reported fourth-quarter 2024 net loss of $1 million, or breakeven per diluted share, compared with a $212 million loss a year earlier but down from $85 million of net income in the third quarter. Full-year 2024 net income was $299 million, or $0.68 per diluted share, up from $76 million in 2023, while quarterly total revenues fell to $1.78 billion from $1.91 billion.
Q4 2024 adjusted operating income was $15 million, or $0.04 per diluted share, versus a $230 million loss in Q4 2023 and $48 million in Q3 2024.
Full-year 2024 adjusted operating income was $273 million, or $0.62 per diluted share, compared with $41 million in 2023.
Enact reported Q4 2024 adjusted operating income of $137 million; Long-Term Care Insurance adjusted operating loss was $104 million.
The company repurchased $51 million of common stock in Q4 2024 and $565 million program-to-date through February 14, 2025.
La-Z-Boy reported fiscal third-quarter 2025 results for the quarter ended January 25, 2025, with sales up 4% to $522 million and GAAP diluted EPS of $0.68, up from $0.66 a year earlier. The company guided fiscal fourth-quarter sales to $545-565 million and Non-GAAP operating margin to 8.5-9.5%, assuming no significant changes in tariffs. The board also declared a $0.22 quarterly dividend, and the company has returned $90 million to shareholders year to date.
Third-quarter sales were $522 million, up 4%; Retail segment sales rose 11% to $228 million
GAAP net income attributable to La-Z-Boy fell 1% to $28.4 million, while GAAP diluted EPS rose to $0.68 from $0.66
Fourth-quarter outlook: sales of $545-565 million and Non-GAAP operating margin of 8.5-9.5%, assuming no significant tariff changes
Quarterly dividend of $0.22 per share, payable March 14, 2025 to holders of record on March 4, 2025
SiriusPoint reported a fourth quarter 2024 net loss of $21.3 million, or $0.13 per diluted share, which the company attributed mainly to three one-off items tied to its repositioning. Core combined ratio improved to 90.2% from 93.4% a year earlier, and full-year 2024 net income available to common shareholders was $183.9 million, or $1.04 per diluted share.
Q4 2024 net loss attributable to common shareholders of $21.3 million, or $0.13 per diluted share, driven by the CM Bermuda repurchase, closure of the Enstar LPT transaction, and a write-down of a single MGA investment
Q4 2024 Core combined ratio of 90.2%, versus 93.4% in Q4 2023; Core income of $66.7 million, versus $46.3 million
Full-year 2024 underlying net income of $304 million, up 14% from the prior year; full-year Core combined ratio of 91.0%, versus 89.1% in 2023
Book value per diluted common share ex. AOCI of $14.64 at December 31, 2024, up from $13.33 a year earlier
JBG SMITH reported a full-year 2024 net loss of $143.5 million, or $1.65 per diluted share, up from a $80.0 million loss, or $0.78 per share, in 2023. Core FFO fell to $73.9 million ($0.83 per diluted share) from $154.1 million ($1.46) a year earlier, and the company expects earnings to keep declining during the first half of 2025.
Full-year 2024 net loss was $143.5 million ($1.65 per diluted share) versus $80.0 million ($0.78) in 2023.
Fourth-quarter Core FFO was $11.6 million ($0.14 per diluted share), down from $36.1 million ($0.38) a year earlier.
The company expects continued decreases in earnings and higher Net Debt to Annualized Adjusted EBITDA during the first half of 2025.
Share repurchase capacity is about $840 million, and the company repurchased $170.7 million of shares in 2024.
Broadstone Net Lease appointed Richard Imperiale and Joseph Saffire to its board on February 13, 2025. Directors Shekar Narasimhan and Denise Brooks-Williams said they will not stand for re-election at the 2025 Annual Meeting, and the board plans to reduce its size from 11 to 9 after they leave. The filing reports no disagreement behind their decisions, and the changes do not involve any financial results.
Richard Imperiale and Joseph Saffire were appointed directors effective February 13, 2025, serving until the 2025 Annual Meeting.
Shekar Narasimhan (board member since October 2007) and Denise Brooks-Williams (board member since May 2021) will leave the board when their terms end at the 2025 Annual Meeting.
The board increased from 9 to 11 directors and intends to return to 9 after the departures.
The company intends to hold its next annual meeting in May 2025, according to the press release.
Devon Energy reported fourth-quarter 2024 net earnings of $639 million, or $0.98 per diluted share, and core earnings of $756 million, or $1.16 per share. The company raised its quarterly dividend 9 percent to $0.24 per share and lowered its 2025 capital program by about $200 million while raising its production forecast, which matters to shareholders because it adds to capital returned and reflects a higher expected output for less capital.
Q4 2024 net earnings were $639 million, up from $812 million in Q3 2024 but down from $1,152 million in Q4 2023.
Q4 2024 free cash flow was $738 million, and the company returned $444 million to shareholders through dividends and buybacks.
2025 production outlook raised 2 percent to 805,000 to 825,000 Boe per day; capital program of $3.8 to $4.0 billion, a 5 percent or $200 million decline.
Quarterly dividend raised 9 percent to $0.24 per share, payable Mar. 31, 2025, to holders of record on Mar. 14, 2025.
Penumbra reported fourth-quarter and full-year 2024 results, with revenue up 10.8% in the quarter and 12.9% for the year. Net income fell sharply, to $14.0 million for the year from $91.0 million in 2023, largely due to a $76.9 million impairment charge tied to its Immersive Healthcare business. The company projected 2025 revenue of $1,340.0 million to $1,360.0 million, growth of 12% to 14%.
Q4 2024 revenue was $315.5 million, up 10.8% from $284.7 million; Q4 net income was $33.7 million versus $54.2 million a year earlier.
Full-year 2024 revenue was $1,194.6 million, up 12.9%, but income from operations fell to $9.3 million from $73.6 million.
The 2024 results include a $76.9 million impairment charge and a $5.8 million Italian government payback provision.
For 2025, the company projects total revenue of $1,340.0 million to $1,360.0 million and operating margin of 13% to 14%.
Dutch Bros Inc. appointed Kory Marchisotto, Chief Marketing Officer of e.l.f. Beauty, to its Board of Directors effective February 18, 2025, filling a vacancy created when the board expanded to ten members. The board determined she is independent under NYSE rules, and the filing reports no related-party transactions requiring disclosure.
Board increased to ten members on February 13, 2025; Marchisotto appointed effective February 18, 2025, to serve until the 2025 annual meeting
Marchisotto has served as Senior Vice President and Chief Marketing Officer of e.l.f. Beauty since 2019
She will receive director cash retainers and equity grants under the company's Director Compensation Policy, and the company entered its standard indemnification agreement with her
MasterBrand reported fourth-quarter 2024 net sales of $667.7 million, down 1% from a year earlier, and net income of $14.0 million, down 61%. The company also introduced 2025 guidance calling for adjusted EBITDA of $380 million to $410 million and adjusted diluted EPS of $1.40 to $1.57, while noting that tariff impacts beyond those in effect on the release date are not included.
Q4 2024 diluted EPS was $0.11 versus $0.28 in Q4 2023; adjusted diluted EPS was $0.21 versus $0.35
Full-year 2024 net sales were $2.7 billion, down 1%; net income was $125.9 million, down 31%
2025 outlook: adjusted EBITDA of $380 million to $410 million; adjusted diluted EPS of $1.40 to $1.57 (full-year 2024 adjusted diluted EPS was $1.37)
No shares were repurchased in Q4 2024; the company repurchased about 371 thousand shares for about $6.5 million over the full year
Sirius XM Holdings said it hired Richard N. Baer, former chief legal officer of Airbnb, as Executive Vice President, General Counsel and Secretary, effective March 3, 2025. He succeeds Patrick Donnelly, who is retiring, and the filing sets out a three-year employment agreement with a $1,000,000 base salary and a 150% target bonus. For shareholders, this is a senior officer change with compensation terms tied in part to three-year free cash flow and relative total shareholder return.
Baer's employment term runs March 3, 2025 to March 4, 2028, renewing automatically each March 4 unless either party gives notice.
Base salary is $1,000,000, with a target annual bonus of 150% of base salary and a one-time $500,000 sign-on bonus.
Equity grants total $5,000,000 in RSUs: $1,500,000 time-based, $2,000,000 time-based and $1,500,000 performance-based tied to three-year free cash flow and relative TSR for 2025 to 2027.
Baer succeeds Patrick Donnelly, who is retiring after nearly twenty-seven years with the company.
On February 18, 2025, Essex Portfolio, L.P., the operating partnership of Essex Property Trust, Inc., issued $400.0 million of 5.375% senior notes due April 1, 2035, with the parent company guaranteeing them. Net proceeds were approximately $395.5 million, which the filing says are intended mainly to repay debt maturities, including part of $500.0 million of 3.500% notes due April 2025.
Notes issued at 99.604% of principal, with semi-annual interest payments starting October 1, 2025
Proceeds of approximately $395.5 million after underwriting discount and offering expenses, partly earmarked for repaying $500.0 million of 3.500% notes due April 2025
Exhibit index describes the form of notes as 5.500% due 2034, which differs from the 5.375% due 2035 in the filing text
RB Global reported fourth quarter and full year 2024 results on February 18, 2025. Fourth quarter revenue rose 10% to $1.1 billion and net income rose 41% to $118.4 million, and the company gave a 2025 adjusted EBITDA outlook of $1,320 million to $1,380 million, compared with $1,302.7 million for full year 2024. The filing also confirms a quarterly dividend of $0.29 per share payable March 3, 2025.
Q4 2024 total revenue rose 10% year over year to $1.1 billion; diluted EPS was $0.58, up 41%.
Q4 2024 adjusted EBITDA rose 13% to $346.0 million; diluted adjusted EPS was $0.95, up 16%.
2025 outlook: adjusted EBITDA of $1,320 million to $1,380 million; GTV growth of 0% to 3%.
Quarterly cash dividend of $0.29 per share, payable March 3, 2025, to holders of record on February 14, 2025.
HealthEquity reported year-end operating metrics for the fiscal year ended January 31, 2025, showing growth in HSAs, total accounts and HSA Assets. The company affirmed its fiscal 2025 and 2026 guidance and set March 18, 2025 as the date for its fourth quarter and fiscal 2025 results, which will give shareholders the first full financial results for the period. The filing does not include reported revenue, profit or earnings per share for the period.
HSAs rose 14% to 9.9 million as of January 31, 2025, from 8.7 million a year earlier
HSA Assets grew 27% to $32.1 billion, from $25.2 billion a year earlier
Total Accounts rose 9% to 17.0 million; new HSAs from sales in the quarter fell 5% to 471
The company affirmed its fiscal 2025 and 2026 outlook and will report fourth quarter and fiscal 2025 results on March 18, 2025
Essential Utilities director Roderick K. West resigned from the Board and all committees he served on, effective immediately, after informing the company on February 15, 2025. The company said the resignation was not due to any disagreement over operations, policies or practices, but to time commitments from his recent appointment as chief executive officer of Algonquin Power and Utilities Corp.
Resignation informed to the company on February 15, 2025; effective immediately
West had served on the Board since 2023 and sat on the Corporate Governance and Executive Compensation Committees
Company states no disagreement with management on operations, policies or practices
West cited time commitments from becoming CEO of Algonquin Power and Utilities Corp. (TSX/NYSE: AQN)
Adeia reported fourth-quarter 2024 revenue of $119.2 million, up from $86.9 million a year earlier, and GAAP diluted EPS of $0.32 versus $0.11. For full-year 2024, revenue fell to $376.0 million from $388.8 million and GAAP diluted EPS fell to $0.57 from $0.60. The company guided 2025 revenue to $390.0 million to $430.0 million.
Q4 2024 GAAP net income was $36.0 million, versus $12.7 million in Q4 2023.
Full-year 2024 GAAP net income was $64.6 million, versus $67.4 million in 2023; non-GAAP diluted EPS was $1.26, versus $1.39.
Company paid down $50.0 million on its term loan and repurchased $20.0 million of common stock in Q4 2024.
2025 outlook: revenue of $390.0 million to $430.0 million and GAAP net income of $76.5 million to $81.6 million.
Cadence reported fourth-quarter 2024 revenue of $1.356 billion, up from $1.069 billion a year earlier, and non-GAAP diluted EPS of $1.88, up from $1.38. For fiscal 2024, revenue reached $4.641 billion and non-GAAP EPS was $5.97, and the company gave 2025 guidance of $5.14 billion to $5.22 billion in revenue and $6.65 to $6.75 in non-GAAP EPS.
Q4 2024 revenue was $1.356 billion versus $1.069 billion in Q4 2023; GAAP diluted EPS was $1.24 versus $1.19.
Fiscal 2024 revenue was $4.641 billion versus $4.090 billion in 2023; non-GAAP diluted EPS was $5.97 versus $5.15.
Year-end backlog was $6.8 billion and current remaining performance obligations were $3.4 billion.
For fiscal 2025, the company expects GAAP diluted EPS of $4.19 to $4.29 and non-GAAP diluted EPS of $6.65 to $6.75.
Magnolia Oil & Gas reported fourth-quarter 2024 net income of $88.7 million, down 22% from $113.9 million a year earlier, and diluted EPS of $0.44 versus $0.53. Full-year 2024 net income was $397.3 million, down 10%, while total revenues rose to $1.32 billion from $1.23 billion and production grew 9%. The company also raised its quarterly dividend 15% to $0.15 per share and guided to 2025 total production growth of 5% to 7% on D&C capital of $460 million to $490 million.
Q4 2024 net income $88.7 million (down 22%); diluted EPS $0.44 versus $0.53; Q4 total revenues $326.6 million versus $322.6 million
Full-year 2024 net income $397.3 million (down 10%); diluted EPS $1.94 versus $2.04; full-year total revenues $1.32 billion versus $1.23 billion
Quarterly dividend raised 15% to $0.15 per Class A share, payable March 3, 2025, to holders of record as of February 14, 2025
2025 guidance: D&C capital of $460 million to $490 million and full-year total production growth of 5% to 7%
Perdoceo reported fourth-quarter 2024 revenue of $176.4 million, up 19.3%, and diluted EPS of $0.47 versus $0.26. For the full year, revenue fell 4.0% to $681.3 million while diluted EPS was $2.19 versus $2.18, and the company gave a 2025 full-year diluted EPS outlook of $2.11 to $2.31.
Q4 2024 operating income rose 133.2% to $37.2 million; full-year operating income rose 15.8% to $174.3 million.
Full-year 2024 adjusted diluted EPS was $2.29 versus $2.10 a year earlier; the company completed the USAHS acquisition in December 2024.
2025 outlook: full-year operating income of $172.0 million to $192.0 million and diluted EPS of $2.11 to $2.31.
Board declared a quarterly dividend of $0.13 per share, payable March 13, 2025 to holders of record on March 1, 2025.
Expeditors International of Washington reported fourth quarter 2024 results on February 18, 2025, with diluted EPS of $1.68 versus $1.09 a year earlier. Revenue, net earnings and operating income all rose sharply from the prior-year quarter, and the company said it returned $1.1 billion to shareholders through buybacks and dividends in 2024.
Diluted EPS of $1.68 for the quarter, up 54% from $1.09; full-year 2024 diluted EPS was $5.72 versus $5.01
Net earnings attributable to shareholders of $236 million, up 49%; operating income of $301 million, up 51%
Revenues of $3.0 billion for the quarter, up 30%; full-year 2024 revenues of $10.6 billion, up 14%
Repurchased 2.0 million shares in the quarter at an average price of $120.14; 2024 capital returned to shareholders totaled $1.1 billion
TTM Technologies said James P. Walsh will become Chief Operating Officer on July 1, 2025, replacing Philip Titterton, who will move to an advisory role for the foreseeable future. The filing describes this as a planned succession, and Walsh's pay package includes a $450,000 base salary.
Walsh, currently Senior Vice President of Operations (North America) & Global EHSSS, takes the COO role beginning July 1, 2025.
Titterton, the current COO, moves to an advisory position and will assist with special operations projects.
Walsh's compensation includes a $450,000 base salary, a 60% target cash bonus, restricted stock units with an approximate grant value of $292,500, and performance share units with an approximate grant value of $357,500.
Lear Corporation elected Julian Blissett, the recently retired head of General Motors' China operations, to its Board of Directors on February 14, 2025, for a term ending at the 2025 annual meeting. The Board determined he is independent, and he will not serve on any committees in his first year.
Julian Blissett was elected to the Board on February 14, 2025, for a term ending at the 2025 annual meeting of shareholders.
Blissett retired in 2024 after a 28-year career at General Motors, including nearly 20 years in China.
The Board determined he is independent under NYSE standards; new non-employee directors do not join committees in their first year.
He will receive non-employee director compensation under the Outside Directors Compensation Plan.
Otter Tail reported 2024 diluted EPS of $7.17, up from $7.00 in 2023, on net income of $301.7 million, while full-year operating revenues fell to $1.33 billion from $1.35 billion. The company's 2025 diluted EPS guidance of $5.68 to $6.08 is below 2024 actual results, with declines expected in the Plastics and Manufacturing segments, which matters to shareholders for near-term earnings expectations.
2024 diluted EPS was $7.17 versus $7.00 in 2023; fourth-quarter diluted EPS was $1.30 versus $1.37.
2025 diluted EPS guidance is $5.68 to $6.08, with Plastics expected to decline 29% and Manufacturing expected to decline 27%.
Electric segment earnings are expected to rise 7% in 2025, based on an average rate base increase of 12%.
Long-term EPS growth target was raised to 6 to 8% from 5 to 7%; five-year capital spending plan totals $1.4 billion for the Electric segment.
Noble reported fourth-quarter 2024 results on February 17, 2025. Revenue rose from $643 million a year earlier, driven by a full quarter of the Diamond Offshore acquisition, while GAAP net income fell from $150 million and diluted EPS fell from $1.03 to $0.59. The company also issued 2025 revenue and adjusted EBITDA guidance and approved a $0.50 quarterly dividend, which matters to shareholders because revenue and adjusted EBITDA rose while GAAP earnings declined year over year.
Q4 2024 total revenue was $927 million versus $643 million a year earlier; net income was $97 million versus $150 million.
Diluted EPS was $0.59 versus $1.03 a year earlier; adjusted diluted EPS was $0.56 versus $0.39.
Adjusted EBITDA was $319 million versus $201 million a year earlier; marketed fleet utilization was 77% versus 82% in the prior quarter.
2025 guidance: total revenue of $3,250 million to $3,450 million and adjusted EBITDA of $1,050 million to $1,150 million; quarterly dividend of $0.50 per share payable March 20, 2025.
Genuine Parts reported fourth-quarter and full-year 2024 results on February 18, 2025. Sales rose in both periods, but diluted earnings per share fell sharply, weighed by restructuring costs and a $62 million inventory write-down, and the company issued 2025 guidance and raised its quarterly dividend 3%.
Q4 2024 GAAP diluted EPS was $0.96, versus $2.26 a year earlier; adjusted diluted EPS was $1.61 versus $2.26 in the prior-year quarter.
Full-year 2024 sales were $23.5 billion, up 1.7%; GAAP diluted EPS was $6.47 versus $9.33, and adjusted diluted EPS was $8.16, down 12.5%.
2025 guidance calls for adjusted diluted EPS of $7.75 to $8.25 and total sales growth of 2% to 4%; GAAP EPS guidance excludes a pension settlement charge expected in late 2025 or early 2026.
Quarterly dividend raised 3% to $1.03 per share, payable April 2, 2025 to shareholders of record March 7, 2025.
Tennant reported record full-year 2024 net sales of $1.29 billion, up 3.5%, but net income fell 23.6% to $83.7 million and diluted EPS fell 24.9% to $4.38. The company's 2025 guidance projects net sales of $1.21 billion to $1.25 billion and an organic sales decline of 1% to 4%, which shareholders will weigh against the weaker profit trend.
Full-year 2024 net sales rose 3.5% to $1,286.7 million; diluted EPS fell to $4.38 from $5.83.
Fourth-quarter net income was $6.6 million, down 78.7%, and included $10.3 million of legal contingency costs.
2025 guidance: net sales of $1,210 million to $1,250 million, organic net sales decline of 1% to 4%, and diluted EPS of $3.80 to $4.30.
Full-year adjusted EBITDA rose 8.2% to $208.8 million, with a 16.2% margin.
Vulcan Materials reported fourth-quarter 2024 revenue of $1,853.6 million, up from $1,834.3 million a year earlier, and adjusted EBITDA of $550.1 million, up from $476.1 million. For full-year 2024, revenue fell to $7,417.7 million from $7,781.9 million, while the company issued 2025 guidance calling for net earnings of $1.01 to $1.17 billion and adjusted EBITDA of $2.35 to $2.55 billion. The company also said it will redeem all $400 million of its 4.50% notes due 2025 on March 28, 2025.
Q4 2024 diluted EPS attributable to Vulcan was $2.21, versus $1.70 in Q4 2023
Full-year 2024 revenue was $7,417.7 million, versus $7,781.9 million in 2023
2025 guidance: net earnings attributable to Vulcan of $1.01 to $1.17 billion; adjusted EBITDA of $2.35 to $2.55 billion
Redemption of $400 million 4.50% notes due 2025 scheduled for March 28, 2025
Watsco reported fourth-quarter 2024 sales of $1.75 billion, up 9%, and diluted EPS of $2.37, up from $2.06 a year earlier. For full-year 2024, sales rose 5% to a record $7.62 billion, but diluted EPS fell to $13.30 from $13.67. The board also raised the annual dividend 11% to $12.00 per share, effective with the April 2025 payment.
Q4 net income attributable to Watsco rose 17% to $97 million; Q4 diluted EPS was $2.37 versus $2.06.
Full-year net income attributable to Watsco was $536 million, flat with 2023; full-year diluted EPS was $13.30 versus $13.67.
Full-year operating cash flow rose 38% to a record $773 million.
Annual dividend increased to $12.00 per share from the April 2025 payment; the company has paid dividends for 51 consecutive years.
Blackbaud reported unaudited fourth-quarter and full-year 2024 results, with a GAAP net loss driven by $405.4 million in EVERFI impairment and disposition charges. Revenue grew, and full-year non-GAAP diluted EPS rose to $4.07, but the company also issued 2025 guidance with GAAP revenue of $1.115 billion to $1.125 billion, below its 2024 GAAP revenue of $1.155 billion.
Q4 2024 GAAP total revenue was $302.2 million, up 2.4%; Q4 GAAP net loss was $330.8 million, or $6.74 per diluted share.
Full-year 2024 GAAP total revenue was $1.2 billion (exact $1.155 billion), up 4.5%; full-year GAAP net loss was $283.2 million, or $5.60 per share.
Full-year 2024 non-GAAP diluted EPS was $4.07, up $0.09; 2025 guidance calls for non-GAAP EPS of $4.16 to $4.35.
The company plans to buy back 3% to 5% of its outstanding shares in 2025; about $645 million remained under its repurchase program as of December 31, 2024.
Valmont reported fourth-quarter and full-year 2024 results. Q4 diluted EPS rose to $3.84 from $1.38 and net sales rose 2.1% to $1.04 billion, while full-year net sales fell 2.4% to $4.08 billion and diluted EPS rose to $17.19 from $6.78. The company also guided 2025 diluted EPS to $17.20 to $18.80 on net sales of $4.0 to $4.2 billion, a range that brackets the prior year's level.
Q4 2024 net sales rose 2.1% to $1.04 billion; operating income was $120.0 million, or 11.6% of net sales, versus $63.5 million a year earlier
Full-year 2024 diluted EPS was $17.19 versus $6.78 in 2023, which included a $140.8 million goodwill and intangible impairment in 2023
2025 outlook: net sales of $4.0 to $4.2 billion and diluted EPS of $17.20 to $18.80, excluding any effect from proposed additional U.S. tariffs on Mexico and Canada
Operating cash flow rose 86.7% to $572.7 million for the full year; Moody's upgraded the company's credit rating to Baa2
Asbury Automotive Group agreed on February 14, 2025 to acquire substantially all assets of The Herb Chambers Companies for about $1.34 billion, covering 33 dealerships, 52 franchises and three collision centers in Massachusetts and Rhode Island. The company said the deal is expected to close late in the second quarter of 2025, subject to manufacturer approvals, regulatory clearances and other customary conditions, and that it will be funded with credit facility capacity, mortgage proceeds and cash. The size of the purchase is large relative to the deals described in the filing, and closing is not assured until those conditions are met.
Purchase price is about $1.34 billion, including $750 million for goodwill and about $590 million for real estate and improvements
The acquired businesses include 33 dealerships, 52 franchises and three collision centers; the seller retains the Mercedes-Benz of Boston dealership
Closing requires manufacturer approvals and Hart-Scott-Rodino waiting period expiration, and is expected late in the second quarter of 2025
Asbury will deliver $10 million in earnest money; the seller may owe a $100 million termination fee in some circumstances
Fluor reported fourth quarter and full year 2024 results on February 18, 2025. Revenue rose to $16.3 billion and GAAP net income attributable to Fluor reached $2.1 billion, or $12.30 per diluted share, driven by a $2.2 billion NuScale-related equity method gain, while adjusted EPS fell to $2.32 from $2.73 and new awards and backlog declined. Fluor set 2025 adjusted EBITDA guidance of $575 million to $675 million and adjusted EPS guidance of $2.25 to $2.75.
Full year 2024 revenue was $16.3 billion, up from $15.5 billion in 2023; adjusted EBITDA was $530 million, down from $613 million.
Net income reflected $2,221 million for deconsolidation and remeasurement of the NuScale investment, partly offset by a $116 million jury-verdict provision at a joint venture.
New awards were $15.1 billion versus $19.5 billion, and ending backlog was $28.5 billion versus $29.4 billion.
2025 guidance: adjusted EBITDA of $575 million to $675 million and adjusted EPS of $2.25 to $2.75 per share; Q4 share repurchases were $125 million, with $300 million planned for 2025.
Visteon reported fourth-quarter and full-year 2024 results in which net sales and GAAP net income declined from 2023, while adjusted EBITDA reached a record for the full year. The company also issued 2025 guidance for sales, adjusted EBITDA and adjusted free cash flow, and the compensation committee approved officer pay increases effective April 1, 2025.
Q4 2024 net sales were $939 million versus $990 million a year earlier, and diluted EPS was $4.37 versus $12.98.
Full-year 2024 net sales were $3,866 million versus $3,954 million, and net income was $274 million versus $486 million, with diluted EPS of $9.82 versus $17.05.
Full-year 2024 adjusted EBITDA was a record $474 million versus $434 million in 2023. 2025 guidance is sales of $3.65 billion to $3.85 billion and adjusted EBITDA of $450 million to $480 million, excluding any 2025 tariff impact.
On February 16, 2025, the committee approved pay increases for certain officers, including a $1,150,000 base salary and $10,000,000 long-term incentive award for CEO Sachin Lawande.
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