Every material Form 8-K Wolverine World Wide filed with the SEC in 2024, 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). Newest first; each brief links to its own page and to the filing on SEC.gov.
Wolverine World Wide voluntarily reduced the commitment under its revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent, from $1 billion to $800 million, effective December 11, 2024, without a formal amendment. Management says $800 million of borrowing capacity is sufficient given the divestitures completed in 2023 and 2024, and expects the change to lower unused commitment fees with no expected effect on operations or leverage.
Revolving credit commitment reduced from $1 billion to $800 million, agreed December 6, 2024
Reduction effective December 11, 2024; no formal amendment to the Credit Agreement was required
Company expects lower unused commitment fees and no effect on operations or leverage
Wolverine World Wide reported third-quarter 2024 results on November 7, 2024. Reported revenue fell 16.6% to $440.2 million, while diluted earnings per share rose to $0.28 from $0.11 a year earlier. The company raised its full-year 2024 revenue and EPS outlook, but its ongoing business revenue still declined 7.0% from the prior year.
Q3 2024 reported revenue of $440.2 million, down 16.6% from $527.7 million; ongoing revenue of $440.1 million, down 7.0% from $473.3 million
Diluted EPS of $0.28 vs. $0.11 a year earlier; adjusted diluted EPS of $0.29
Full-year 2024 ongoing revenue outlook raised to $1.730 to $1.745 billion from $1.71 to $1.73 billion
Full-year diluted EPS outlook raised to $0.56 to $0.66 from $0.53 to $0.63; net debt at quarter end was $563 million, down $373 million year over year
Wolverine World Wide reported second-quarter 2024 revenue of $425.2 million, down 27.8% from $589.1 million a year earlier, and diluted earnings per share of $0.17 versus $0.30. The company raised parts of its full-year 2024 outlook, including diluted EPS of $0.53 to $0.63 (previously $0.43 to $0.63) and ongoing revenue of $1.71 billion to $1.73 billion, while the year-over-year declines reflect divestitures and lower sales.
Q2 2024 diluted EPS was $0.17 versus $0.30 a year earlier, down 43.3%; adjusted diluted EPS was $0.15 versus $0.19.
Ongoing revenue for the quarter was $424.8 million, down 18.4% from $520.8 million; the company cited divestitures of Keds, Wolverine Leathers and Sperry.
Full-year 2024 diluted EPS guidance is $0.53 to $0.63, and ongoing revenue guidance is $1.71 billion to $1.73 billion.
Inventory at quarter end was $297.1 million, down 54.1% from the prior year, and net debt was $666 million.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Wolverine World Wide filing is on SEC EDGAR ↗. 8-K briefs of other companies →