Earnings Releases

STEM, INC. reported first quarter 2024 results: revenue $25.5 million, net income $72.3 million. Guidance reaffirmed.

“Stem Announces First Quarter 2024 Results Substantial increase of +42% CARR-to-ARR conversion since January 2024 Introducing Next Generation Asset Performance Management Software Suite Reaffirming Full Year 2024 Operating Cash Flow, Adjusted EBITDA, Gross Margin and Bookings Guidance First Quarter 2024 Financial and Operating Highlights Financial Highlights 1 • Revenue of $25.5 million, down from $67.4 million (-62%) in 1Q23.”

Palomar Holdings, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $368.1 million, net income $26.4 million, EPS $1.04 per diluted share. Guidance raised.

“of 2024 as compared to $20.4 million, or $0.80 per diluted share, for the first quarter of 2023 . First Quarter 2024 Highlights ● Gross written premiums increased by 47.2% to $368.1 million compared to $250.1 million in the first quarter of 2023 ● Net income of $26.4 million, compared to $17.3 million in the first quarter of 2023 ● Adjusted net income (1) of $27.8”

BICYCLE THERAPEUTICS PLC reported first quarter ended March 31, 2024 results: net income Net loss was $26.6 million, EPS $(0.62) basic and diluted net loss per share.

“Net loss was $26.6 million, or $(0.62) basic and diluted net loss per share, for the three months ended March 31, 2024”

Acadian Asset Management Inc. reported first quarter ended March 31, 2024 results: net income $14.6 million, EPS $0.37.

“BrightSphere Reports Financial and Operating Results for the First Quarter Ended March 31, 2024”

BridgeBio Pharma, Inc. reported financial results for first quarter ended March 31, 2024.

“BridgeBio Pharma, Inc. reported recent business updates and its financial results for the first quarter ended March 31, 2024.”

GRID DYNAMICS HOLDINGS, INC. reported First Quarter 2024 results: revenue $79.8 million, net income ($3.9 million), EPS ($0.05).

“Grid Dynamics Reports First Quarter 2024 Financial Results Revenue of $79.8 million and GAAP Net Loss of $3.9 million”

RESIDEO TECHNOLOGIES, INC. reported the first quarter ended March 30, 2024 results: revenue $1.49 billion, net income $43 million, EPS $0.29.

“and solutions for homes and businesses, today announced financial results for the first quarter ended March 30, 2024 . First Quarter 2024 Financial Highlights • Net revenue of $1.49 billion, down 4% compared to $1.55 billion in the first quarter 2023 • Net income of $43 million compared to $57 million in the first quarter 2023 • Fully diluted EPS of $0.29 and $0.38”

SolarWinds Corp reported first quarter ended March 31, 2024 results: revenue total revenue for the first quarter of $193.3 million, net income Net income for the first quarter of $15.6 million.

“and IT management software, today reported results for its first quarter ended March 31, 2024. First Quarter Financial Highlights • Total revenue for the first quarter of $193.3 million, representing 4% year-over-year growth, and total recurring revenue representing 93% of total revenue. • Net income for the first quarter of $15.6 million. • Adjusted EBITDA for”

Cigna Group reported first quarter 2024 results: revenue $57.3 billion, net income $0.3 billion, EPS $0.97 per share. Guidance raised.

“The Cigna Group Reports Strong First Quarter 2024 Results, Raises 2024 Outlook • Total revenues for the first quarter 2024 were $57.3 billion • Shareholders’ net loss for the first quarter 2024 was $0.3 billion, or $0.97 per share”

Utz Brands, Inc. reported the first quarter ended March 31, 2024 results: revenue $346.5 million, net income $2.4 million, EPS Basic loss per share of $(0.05). Guidance reaffirmed.

“and a small-cap growth and value Staples equity, today reported financial results for the Company’s fiscal first quarter ended March 31, 2024. 1Q’24 Summary (1) • Net sales of $346.5 million • Organic Net Sales increased 1.5% • Gross Profit Margin expansion of 480 bps • Adjusted Gross Margin expansion of 280 bps • Net income of $2.4 million vs. net loss of $(14.5)”

Arcosa, Inc. reported first quarter ended March 31, 2024 results: revenue $598.6, net income $39.2, EPS $0.80. Guidance raised.

“for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Three Months Ended March 31, 2024 2023 % Change ($ in millions, except per share amounts) Revenues $ 598.6 $ 549.2 9 % Net income $ 39.2 $ 55.7 (30) % Adjusted Net Income (1)(2) $ 36.0 $ 51.7 (30) % Diluted EPS (2) $ 0.80 $ 1.14 (30) % Adjusted Diluted EPS (1)(2) $ 0.73 $ 1.06 (31) %”

WestRock Co reported second quarter of fiscal 2024 results: revenue Net sales of $4.73 billion, net income Net income of $16 million, EPS Earnings of $0.06 per diluted share.

“paper and packaging solutions, today announced results for its fiscal second quarter ended March 31, 2024. Second Quarter Highlights and other notable items: • Net sales of $4.73 billion • Net income of $16 million, Adjusted Net Income of $101 million; net income included $81 million of restructuring and other costs, net • Earnings of $0.06 per diluted share”

Frontdoor, Inc. reported fiscal quarter ended March 31, 2024 results: revenue $378 million, net income $34 million, EPS $0.43 per diluted share. Guidance raised.

“be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Frontdoor Announces First-Quarter 2024 Revenue Increased 3% to $378 Million; Gross Profit Margin Expanded 510 bps to 51%; Net Income of $34 Million and Adjusted EBITDA (1) of $71 Million; Raising Full-Year 2024 Gross Profit Margin and Adjusted EBITDA (2)”

Ranpak Holdings Corp. reported first quarter ended March 31, 2024 results: revenue $85.3 million, net income $8.1 million net loss.

“• Packaging System placement up 0.9% year over year to approximately 140,800 machines at March 31, 2024 • Net revenue for the first quarter increased 5.0% year over year to $85.3 million and increased 4.4% year over year on a constant currency basis to $88.5 million • Net loss for the first quarter of $8.1 million compared to net loss of $12.4 million for the”

Custom Truck One Source, Inc. reported three months ended March 31, 2024 results: revenue $411.3 million, net income Net loss of $14.3 million.

“and other infrastructure-related end markets, today reported financial results for its three months ended March 31, 2024. CTOS First-Quarter Highlights • Total revenue of $411.3 million, a decrease of $40.9 million, or 9.0%, compared to $452.2 million for the first quarter of 2023 primarily due to fewer rental asset sales and lower rental demand from the utility”

Ecovyst Inc. reported the quarter ended March 31, 2024 results: revenue $160.5 million, net income $1.2 million, EPS $0.01.

“of advanced materials, specialty catalysts and services, today reported results for the first quarter ended March 31, 2024. First Quarter 2024 Results & Highlights ▪ Sales of $160.5 million, compared to $160.9 million in the first quarter of 2023, reflecting higher sales volume in virgin sulfuric acid and regeneration services, offset by lower sales of advanced”

LINDE PLC reported the quarter ended March 31, 2024 results: revenue $8,100 million, net income $1,627 million, EPS $3.35. Guidance initiated.

“--- EX-99.1 (PRESS RELEASE) --- EX-99.1 2 linde_ex991.htm PRESS RELEASE linde_ex991.htm EXHIBIT 99.1 Linde Reports First-Quarter 2024 Results First-Quarter Highlights ➢ Sales $8.1 billion, down 1%, underlying sales up 1% ➢ Operating profit $2.1 billion, adjusted operating profit $2.3 billion, up 6% ➢ Operating profit margin 25.9%; adjusted operating profit margin”

Vir Biotechnology, Inc. reported first quarter ended March 31, 2024 results: revenue $56.4 million.

“cash equivalents and investments declined by approximately $118 million during the first quarter of 2024. Revenues: Total revenues for the quarter ended March 31, 2024, were $56.4 million compared to $63.0 million for the same period in 2023. Revenues were comprised of the following components: Three Months Ended March 31, 2024 2023 % Change (in millions)”

Optimum Communications, Inc. reported the quarter ended March 31, 2024 results: revenue $2.3 billion, net income ($21.2) million, EPS ($0.05) per diluted share.

“customer relationships and elevating network and service quality, all while maintaining financial discipline." First Quarter 2024 Financial Overview • Total Revenue of $2.3 billion (-1.9% year over year). • Residential Revenue (1) of $1.8 billion (-2.9% year over year). • Residential Revenue per user (ARPU) (2) of $135.67 (+0.3% or +$0.35 year over year). •”

Altair Engineering Inc. reported first quarter ended March 31, 2024 results: revenue $172.9 million, net income $16.5 million, EPS $0.20 per diluted share. Guidance reaffirmed.

“Total revenue was $172.9 million compared to $166.0 million for the first quarter of 2023, an increase of 4.1% in reported currency and 5.1% in constant currency • Net income was $16.5 million compared to a net loss of $(2.0) million for the first quarter of 2023. Net income per share, diluted was $0.20 based on 89.8 million diluted weighted average common shares outstanding”

Cactus, Inc. reported first quarter ended March 31, 2024 results: revenue Revenue of $274.1 million, net income Net income of $49.8 million, EPS diluted earnings per Class A share of $0.59.

“2024 – Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the first quarter of 2024. First Quarter Highlights • Revenue of $274.1 million and operating income of $62.6 million; • Net income of $49.8 million and diluted earnings per Class A share of $0.59; • Adjusted net income (1) of $59.6 million and diluted”

Ingersoll Rand Inc. reported the quarter ended March 31, 2024 results: revenue $1,670 million, net income $202 million, EPS $0.50 per share. Guidance raised.

“Excellence (IRX): • First quarter orders of $1,707 million, down 4%, or down 7% organic ◦ On a two-year stack, up 5%, or up 1% organic • Reported first quarter revenues of $1,670 million, up 3%, or down 1% organic 1 ◦ On a two-year stack, up 24%, or up 20% organic 1 • Reported net income attributable to Ingersoll Rand Inc. of $202 million, or earnings of $0.50”

Schneider National, Inc. reported the three months ended March 31, 2024 results: revenue $ 1,319.0, net income $ 18.5, EPS $0.10. Guidance reaffirmed.

“the Company’s results of operations for the periods indicated. Three Months Ended March 31, (in millions, except ratios & per share amounts) 2024 2023 Change Operating revenues $ 1,319.0 $ 1,428.7 (8)% Revenues (excluding fuel surcharge) 1,163.1 1,249.5 (7)% Income from operations 28.7 114.6 (75)% Adjusted income from operations 30.0 114.6 (74)% Operating ratio”

Moderna, Inc. reported the first quarter ended March 31, 2024 results: revenue $167 million, net income GAAP net loss of $1.2 billion, EPS GAAP diluted EPS of $(3.07). Guidance reaffirmed.

“Moderna Reports First Quarter 2024 Financial Results and Provides Business Updates Reports first quarter revenues of $167 million , GAAP net loss of $1.2 billion and GAAP diluted EPS of $(3.07) Prepares for launches of RSV vaccine and Spikevax® 2024-2025 formula; reaffirms 2024 expected product sales of approximately $4 billion”

VERRA MOBILITY Corp reported first quarter ended March 31, 2024 results: revenue $209.7 million, net income $29.1 million, EPS $0.17 per share. Guidance raised.

“Verra Mobility Announces First Quarter 2024 Financial Results • Total revenue of $209.7 million • Net income of $29.1 million • Generated cash flows from operations of $34.3 million • Increasing 2024 financial guidance”

Varex Imaging Corp reported three and six months ended March 29, 2024 (second quarter of fiscal year 2024) results: revenue $206 million, net income GAAP net earnings $0.03 per diluted share; Non-GAAP net earnings $0.16 per diluted share. Guidance lowered.

“May 2, 2024 – Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the second quarter of fiscal year 2024. 2QFY24 Summary • Revenues $206 million • GAAP gross margin 32% | Non-GAAP gross margin* 33% • GAAP operating margin 4% | Non-GAAP operating margin* 6% • GAAP net earnings $0.03 per diluted share | Non-GAAP net”

Shattuck Labs, Inc. reported the quarter ended March 31, 2024 results: net income Net loss was $18.5 million for the quarter ended March 31, 2024, or $0.37 per basic and diluted share, EPS $0.37 per basic and diluted share.

“Shattuck Labs, Inc. (Shattuck) (Nasdaq: STTK), a clinical-stage biotechnology company pioneering the development of bi-functional fusion proteins as a new class of biologic medicine for the treatment of patients with cancer and autoimmune disease, today reported financial results for the quarter ended March 31, 2024 and provided recent business highlights.”

MAMMOTH ENERGY SERVICES, INC. reported first quarter ended March 31, 2024 results: revenue $43.2 million, net income Net loss of $11.8 million, EPS $0.25 loss per diluted share. Guidance lowered.

“Total revenue was $43.2 million for the first quarter of 2024 compared to $116.3 million for the same quarter of 2023 and $52.8 million for the fourth quarter of 2023. Net loss for the first quarter of 2024 was $11.8 million, or $0.25 loss per diluted share, compared to net income of $8.4 million, or $0.17 per diluted share, for the same quarter of 2023 and net loss of $6.0 million, or $0.12 loss per diluted share, for the fourth quarter of 2023.”

Coinbase Global, Inc. reported the quarter ended March 31, 2024 results: revenue $1.6 billion, net income $1.2 billion.

“We generated $1.6 billion of total revenue and $1.2 billion of net income*.”

Great Elm Capital Corp. reported first quarter ended March 31, 2024 results: revenue $8.9 million, EPS ($0.05).

“yield of 12.2%. Sales aggregated to $12.4 million at a weighted average current yield of 9.7%. Financial Review Total investment income for the quarter ended March 31, 2024 was $8.9 million, or $1.03 per share. Net expenses for the quarter ended March 31, 2024 were approximately $5.7 million, or $0.66 per share. Net realized and unrealized losses for the quarter”

Frontier Group Holdings, Inc. reported financial results for first quarter of 2024.

“On May 2, 2024 , Frontier Group Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.”

Arteris, Inc. reported the first quarter ended March 31, 2024 results: revenue $12.9 million, net income $9.4 million or $0.25 per share. Guidance reaffirmed.

“Arteris' continued influence as a leading commercial system IP vendor in the semiconductor industry,” concluded Janac. First Quarter 2024 Financial Highlights: • Revenue of $12.9 million • Annual Contract Value (ACV) and trailing-twelve-months (TTM) variable royalties of $58.2 million , up 6% year-over-year • Remaining performance obligation (RPO) of $74.7”

NextCure, Inc. reported first quarter 2024 results: net income Net loss was $17.1 million.

“NextCure, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024.”

Kimbell Royalty Partners, LP reported the quarter ended March 31, 2024 results: revenue $87.5 million, net income approximately $9.3 million, EPS $0.04 per common unit. Guidance reaffirmed.

“24,678 barrels of oil equivalent (“Boe”) per day (6:1), an increase of 1.4% from Q4 2023, or 5.6% on an annualized basis · Record Q1 2024 oil, natural gas and NGL revenues of $87.5 million, an increase of 4.2% from Q4 2023 · Q1 2024 net income of approximately $9.3 million and net income attributable to common units of approximately $3.2 million, as compared to”

NovoCure Ltd reported quarter ended March 31, 2024 results: revenue $138.5 million, net income $38.8 million, EPS $0.36.

“Total net revenues for the quarter were $138.5 million, an increase of 13% compared to the same period in 2023.”

WillScot Holdings Corp reported first quarter ended March 31, 2024 results: revenue $587 million, net income $56 million. Guidance reaffirmed.

“first quarter 2024 results and provided an update on operations and the current market environment, including the following highlights: Q1 2024 • Revenue increased 4% to $587 million and Income from continuing operations was $56 million. Income from operations included approximately $15 million of integration and transaction-related expenses. Adjusted EBITDA”

MODIV INDUSTRIAL, INC. reported financial results for the first quarter ended March 31, 2024.

“On May 2, 2024, Modiv Industrial, Inc., a Maryland corporation (the “Company”), issued an earnings press release relating to the Company’s financial results for the first quarter ended March 31, 2024.”

Madison Square Garden Sports Corp. reported fiscal third quarter ended March 31, 2024 results: revenue $430.0 million.

“its 2024-25 Knicks and Rangers season ticket renewal initiative, which has seen strong demand to date. In the fiscal 2024 third quarter, the Company generated revenues of $430.0 million, an increase of $47.2 million, or 12%, as compared to the prior year period. In addition, the Company reported operating income of $79.7 million, a decrease of $2.0 million, or”

Rimini Street, Inc. reported fiscal first quarter ended March 31, 2024 results: revenue $106.7 million, net income $1.3 million, EPS $0.01.

“Revenue was $106.7 million for the 2024 first quarter, an increase of 1.2% compared to $105.5 million for the same period last year.”

Cable One, Inc. reported first quarter of 2024 results: revenue $404.3 million, net income $47.3 million.

“2023. Adjusted EBITDA less capital expenditures was $151.2 million in the first quarter of 2024 compared to $132.7 million in the first quarter of 2023 . • Total revenues were $404.3 million in the first quarter of 2024 compared to $421.9 million in the first quarter of 2023. • The Company paid $16.8 million in dividends during the first quarter of 2024. • The”

PJT Partners Inc. reported first quarter ended March 31, 2024 results: revenue $329 million, EPS GAAP Diluted EPS of $1.22 and Adjusted EPS of $0.98.

“PJT Partners Inc. Reports Record First Quarter 2024 Results First Quarter Overview > Record First Quarter Revenues of $329 million, an increase of 65% from a year ago > GAAP Pretax Income of $54 million and Adjusted Pretax Income of $55 million, an increase of 85% and 81%, respectively, from a year ago > GAAP Diluted EPS of $1.22 and Adjusted EPS of $0.98, an increase of 82% and 81%, respectively, from a year ago”

Shake Shack Inc. reported first quarter ended March 27, 2024 results: revenue $290.5 million, net income $2.2 million, EPS $0.05 per diluted share. Guidance reaffirmed.

“shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Shake Shack Announces First Quarter 2024 Financial Results ▪ Total revenue of $290.5 million, up 14.7% versus 2023, including $280.6 million of Shack sales and $9.9 million of Licensing revenue. ▪ System-wide sales of $443.3 million, up 12.3% versus 2023. ▪ Same-Shack”

JOINT Corp reported Q1 2024 results: revenue $29.7 million, net income $947,000, EPS $0.06 per diluted share. Guidance reaffirmed.

“franchisor of chiropractic clinics, reported its financial results for the quarter ended March 31, 2024. Financial Highlights: Q1 2024 Compared to Q1 2023 • Grew revenue 5% to $29.7 million. • Recorded operating income of $1.1 million, compared to operating loss of $653,000. • Reported net income of $947,000, compared to $2.3 million, including the receipt of the”

Xenia Hotels & Resorts, Inc. reported the quarter ended March 31, 2024 results: net income $8.5 million, or $0.08 per share, EPS $0.08 per share.

“Xenia Hotels & Resorts, Inc. (NYSE: XHR) (“Xenia” or the “Company”) today announced results for the quarter ended March 31, 2024.”

Wayfair Inc. reported first quarter ended March 31, 2024 results: revenue $2.7 billion, net income Net loss was $248 million, EPS Diluted loss per share was $2.06.

“in such a filing. --- EX-99.1 (EX-99.1) --- Wayfair Announces First Quarter 2024 Results, Reports Fourth Consecutive Quarter of Strong Profitability Q1 Net Revenue of $2.7 billion with 22.3 million Active Customers BOSTON, MA — May 2, 2024 — Wayfair Inc. (“Wayfair,” “we,” or “our”) (NYSE: W), one of the world’s largest destinations for the home, today”

Orion S.A. reported first quarter 2024 results: revenue $502.9 million, net income $26.7 million, EPS $0.45.

“Net sales of $502.9 million, up $2.2 million, year over year • Net income of $26.7 million, down $15.6 million, year over year • Diluted EPS of $0.45, down $0.25, year over year”

GoDaddy Inc. reported the first quarter that ended March 31, 2024 results: revenue $1.1 billion, net income $401.5 million.

“experiences empowers our ability to drive attach, conversion and retention, laying a solid foundation for enduring shareholder value." Business Highlights • Total revenue of $1.1 billion, up 7% year-over-year on a reported and constant currency basis. • Applications and Commerce (A&C) revenue grew 13%, year-over-year, to $383.1 million. Annualized recurring”

Udemy, Inc. reported the quarter ended March 31, 2024 results: revenue $196.8 million, net income Net Loss $ (18.3).

“our confidence in the long-term opportunity available to Udemy,” concluded Brown. First Quarter 2024 Financial Highlights • Total revenue increased 12% year-over-year to $196.8 million and exceeded the high end of Udemy’s guidance range for the quarter. Revenue growth includes a negative impact of 2 percentage points from changes in foreign exchange (FX) rates”

AVANOS MEDICAL, INC. reported financial results for three months ended March 31, 2024.

“On May 2, 2024, Avanos Medical, Inc. (the "Company") issued a press release announcing its results of operations for the three months ended March 31, 2024.”

El Pollo Loco Holdings, Inc. reported first quarter ended March 27, 2024 results: revenue $116.2 million, net income $5.9 million, EPS $0.19 per diluted share.

“period ended March 27, 2024. Highlights for the first quarter ended March 27, 2024 compared to the first quarter ended March 29, 2023 were as follows: ● Total revenue was $116.2 million compared to $114.5 million. ● System-wide comparable restaurant sales (1) increased by 5.1%. ● Income from operations was $9.7 million compared to $7.8 million. ● Restaurant”