secwatch / observer

Earnings Releases

Quarterly and annual results disclosed under 8-K Item 2.02.

8-K items 2.02 JSON
BZH BEAZER HOMES USA INC

BEAZER HOMES USA INC reported three and six months ended March 31, 2024 results: revenue $538.6 million, net income $39.2 million, EPS $1.26 per diluted share.

“from continuing operations of $34.7 million, or $1.13 per diluted share, in fiscal second quarter 2023 • Adjusted EBITDA was $58.8 million, down 5.4% • Homebuilding revenue was $538.6 million, down 0.6% on a 1.8% decrease in home closings to 1,044, partially offset by a 1.2% increase in average selling price (ASP) to $515.9 thousand • Homebuilding gross margin was”
NBIX NEUROCRINE BIOSCIENCES INC

NEUROCRINE BIOSCIENCES INC reported the first quarter ended March 31, 2024 results: revenue $515.3 million, net income $43.4 million, EPS $0.42. Guidance reaffirmed.

“Neurocrine Biosciences, Inc. (Nasdaq: NBIX) today announced its financial results for the first quarter ended March 31, 2024”
UFPT UFP TECHNOLOGIES INC

UFP TECHNOLOGIES INC reported first quarter ended March 31, 2024 results: revenue $105.0 million, net income $12.7 million, EPS $1.64 per diluted common share outstanding.

“UFP Technologies, Inc. (Nasdaq: UFPT), a designer and custom manufacturer of comprehensive solutions primarily for the medical market, today reported net income of $12.7 million or $1.64 per diluted common share outstanding for its first quarter ended March 31, 2024, compared to net income of $9.7 million or $1.27 per diluted common share outstanding for the first quarter of 2023. Net Sales for the first quarter were $105.0 million compared to 2023 first quarter sales of $97.8 million.”
SHOO STEVEN MADDEN, LTD.

STEVEN MADDEN, LTD. reported the first quarter ended March 31, 2024 results: revenue $552.4 million, net income $43.9 million, EPS $0.60 per diluted share. Guidance reaffirmed.

“are non-GAAP measures that exclude the items defined as “Non-GAAP Adjustments” in the “Non-GAAP Reconciliation” section. First Quarter 2024 Results ● Revenue increased 19.1% to $552.4 million, compared to $463.8 million in the same period of 2023. ● Gross profit as a percentage of revenue was 40.7%, compared to 42.1% in the same period of 2023. Adjusted gross profit”
ROCK GIBRALTAR INDUSTRIES, INC.

GIBRALTAR INDUSTRIES, INC. reported three-month period ended March 31, 2024 results: revenue $292.5, net income $24.9 million, EPS $0.81 per share. Guidance reaffirmed.

“and CEO Bill Bosway. First Quarter 2024 Consolidated Results Three Months Ended March 31, $Millions, except EPS GAAP Adjusted 2024 2023 Change 2024 2023 Change Net Sales $292.5 $293.3 (0.3)% $292.5 $288.8 1.3% Net Income $24.9 $21.1 18.0% $24.5 $22.0 11.4% Diluted EPS $0.81 $0.68 19.1% $0.80 $0.71 12.7% Residential, Infrastructure and Agtech collectively”
NHTC NATURAL HEALTH TRENDS CORP

NATURAL HEALTH TRENDS CORP reported the quarter ended March 31, 2024 results: revenue $11.0 million, net income $188,000, or $0.02 per diluted share.

“of life” products under the NHT Global brand, today announced its financial results for the quarter ended March 31, 2024 . First Quarter 2024 Financial Highlights • Revenue of $11.0 million decreased 8% compared to $11.9 million in the first quarter of 2023 . The decrease was entirely due to changes in the differences in deferred revenue between the two periods.”
FLG FLAGSTAR BANK, NATIONAL ASSOCIATION

FLAGSTAR BANK, NATIONAL ASSOCIATION reported first quarter 2024 results: net income net loss of $327 million, EPS $0.45 per diluted share. Guidance raised.

“The Company reported a net loss of $327 million for first quarter 2024 and a net loss available to common shareholders of $335 million, or $0.45 per diluted share.”
BBSI BARRETT BUSINESS SERVICES INC

BARRETT BUSINESS SERVICES INC reported first quarter ended March 31, 2024 results: revenue $265.8 million, net income Net loss of $0.1 million, EPS $(0.02) per diluted share.

“BBSI Reports Strong First Quarter 2024 Financial Results - Revenues of $265.8 Million”
TWI TITAN INTERNATIONAL INC

TITAN INTERNATIONAL INC reported the first quarter ended March 31, 2024 results: revenue $482.2 million, EPS $0.29. Guidance initiated.

“Our balance sheet strength and cash flow prospects set us up to create value over the long-term.” Results of Operations Net sales for the three months ended March 31, 2024 were $482.2 million, compared to $548.6 million in the comparable period of 2023. Net”
ALL ALLSTATE CORP

ALLSTATE CORP reported financial results for first quarter of 2024.

“The Registrant’s press release dated May 1, 2024, announcing its financial results for the first quarter of 2024”
AMRN AMARIN CORP PLCUK

AMARIN CORP PLCUK reported the three months ended March 31, 2024 results: revenue $56.5 million.

“Total net revenue for the three months ended March 31, 2024 was $56.5 million, compared to $86.0 million in the corresponding period of 2023, a decrease of 34%.”
WOLF WOLFSPEED, INC.

WOLFSPEED, INC. reported its fourth quarter of fiscal 2024 results: revenue $185 million to $215 million, net income $166 million to $189 million, EPS $1.32 to $1.50 per diluted share. Guidance initiated.

“For its fourth quarter of fiscal 2024, Wolfspeed targets revenue from continuing operations in a range of $185 million to $215 million. GAAP net loss from continuing operations is targeted at $166 million to $189 million, or $1.32 to $1.50 per diluted share.”
WOLF WOLFSPEED, INC.

WOLFSPEED, INC. reported financial results for the fiscal third quarter ended March 31, 2024.

“On May 1, 2024 , Wolfspeed, Inc. (the "Company") issued a press release announcing results for the fiscal third quarter ended March 31, 2024.”
SCI SERVICE CORP INTERNATIONAL

SERVICE CORP INTERNATIONAL reported three months ended March 31, 2024 results: revenue $1,045.4, net income $131.3, EPS $0.89. Guidance reaffirmed.

“of this press release. The table below summarizes our key financial results. (Dollars in millions, except for per share amounts) Three months ended March 31, 2024 2023 Revenue $ 1,045.4 $ 1,028.7 Operating income $ 232.2 $ 245.6 Net income attributable to common stockholders $ 131.3 $ 144.8 Diluted earnings per share $ 0.89 $ 0.93 Earnings excluding special items”
AVT AVNET INC

AVNET INC reported its third quarter ended March 30, 2024 results: revenue $5.7 billion, EPS $0.97.

“Act of 1933 except as shall be expressly set forth in such filing. --- EX-99.1 (EX-99.1) --- ​ ​ Avnet Reports Third Quarter 2024 Financial Results Third quarter sales of $5.7 billion and diluted EPS of $0.97 Adjusted diluted EPS of $1.10 Electronic Components operating margin of 4.1% PHOENIX – May 1, 2024 – Avnet, Inc. (Nasdaq: AVT ) today announced results”
JBSS SANFILIPPO JOHN B & SON INC

SANFILIPPO JOHN B & SON INC reported Fiscal 2024 third quarter ended March 28, 2024 results: revenue Net sales increased $33.3 million, or 14.0%, to $271.9 million, EPS Diluted EPS decreased 14.8% to $1.15 per share.

“Net sales increased $33.3 million, or 14.0%, to $271.9 million”
FLEX FLEX LTD.

FLEX LTD. reported fourth quarter and fiscal year ended March 31, 2024 results: revenue Net Sales: $6.2 billion, net income GAAP Net Income from continuing operations: $395 million, EPS GAAP Earnings Per Share from continuing operations: $0.93.

“May 1, 2024 – Flex (NASDAQ: FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Highlights: • Net Sales: $6.2 billion • GAAP Operating Income: $159 million • Adjusted Operating Income: $333 million • GAAP Net Income from continuing operations: $395 million • Adjusted Net Income from continuing”
STGW Stagwell Inc

Stagwell Inc reported the three months ended March 31, 2024 results: revenue $670 million, net income $1.3 million, EPS $(0.01). Guidance reaffirmed.

“NY, May 1, 2024 (NASDAQ: STGW) – Stagwell Inc. (“Stagwell”) today announced financial results for the three months ended March 31, 2024. FIRST QUARTER RESULTS: • Q1 Revenue of $670 million, an increase of 8% versus the prior year period. • Q1 Net Loss attributable to Stagwell Inc. Common Shareholders of $1.3 million versus Income of $1.4 million in the prior year”
EZPW EZCORP INC

EZCORP INC reported second quarter ended March 31, 2024 results: revenue $285.6, net income $21.5, EPS $0.29.

“shareholders,” concluded Given. CONSOLIDATED RESULTS Three Months Ended March 31 As Reported Adjusted 1 in millions, except per share amounts 2024 2023 2024 2023 Total revenues $ 285.6 $ 258.4 $ 280.2 $ 258.4 Gross profit $ 167.6 $ 149.2 $ 164.6 $ 149.2 Income (loss) before tax $ 28.7 $ (7.3) $ 27.6 $ 24.3 Net income (loss) $ 21.5 $ (6.8) $ 20.7 $ 17.1 Diluted”
MTG MGIC INVESTMENT CORP

MGIC INVESTMENT CORP reported financial results for the quarter ended March 31, 2024.

“The Company issued a press release on May 1, 2024 announcing its results of operations for the quarter ended March 31, 2024”
ADP AUTOMATIC DATA PROCESSING INC

AUTOMATIC DATA PROCESSING INC reported third quarter ended March 31, 2024 results: revenue $5.3 billion, net income $1.2 billion, EPS $2.88. Guidance reaffirmed.

“(EXHIBIT 99) --- EX-99 2 q3fy24exhibit99.htm EXHIBIT 99 Document ADP Reports Third Quarter Fiscal 2024 Results • Revenues increased 7% compared to last year's third quarter to $5.3 billion; 6% organic constant currency • Net earnings increased 14% to $1.2 billion, and adjusted net earnings increased 13% to $1.2 billion • Adjusted EBIT increased 12% to $1.5 billion,”
IDXX IDEXX LABORATORIES INC /DE

IDEXX LABORATORIES INC /DE reported the quarter ended March 31, 2024 results: revenue $964 million, EPS $2.81. Guidance reaffirmed.

“Laboratories, Inc. (NASDAQ: IDXX), a global leader in pet healthcare innovation, today announced first quarter results. First Quarter Results The Company reports revenues of $964 million for the first quarter of 2024, an increase of 7% as reported and organic, driven by Companion Animal Group ("CAG") growth of 7% as reported and organic, and Water revenue growth”
KMPR KEMPER Corp

KEMPER Corp reported the first quarter of 2024 results: net income net income of $71.3 million, or $1.10 per diluted share, EPS $1.10 per diluted share.

“Kemper Corporation (NYSE: KMPR) reported net income of $71.3 million, or $1.10 per diluted share, for the first quarter of 2024, compared to a net loss of $80.1 million, or $(1.25) per share, for the first quarter of 2023.”
PTC PTC INC.

PTC INC. updated its fiscal second quarter ended March 31, 2024 guidance (reaffirmed).

“On May 1, 2024, PTC Inc. announced results for its fiscal second quarter ended March 31, 2024.”
DGII DIGI INTERNATIONAL INC

DIGI INTERNATIONAL INC reported second fiscal quarter ended March 31, 2024 results: revenue $108 million, net income $4 million, EPS $0.11.

“its financial results for its second fiscal quarter ended March 31, 2024. Second Fiscal Quarter 2024 Results Compared to Second Fiscal Quarter 2023 Results • Revenue was $108 million, a decrease of 3%. • Gross profit margin was 57.9%, an increase of 130 basis points. • Net income was $4 million, compared to $6 million. • Net income per diluted share was”
TECH BIO-TECHNE Corp

BIO-TECHNE Corp reported the third quarter ending March 31, 2024 results: revenue $303.4 million, EPS $0.31.

“reported its financial results for the third quarter ending March 31, 2024. ​ Third Quarter FY2024 Highlights ​ ● Third quarter organic revenue increased by 2% (3% reported) to $303.4 million. ​ ● GAAP earnings per share (EPS) was $0.31 versus $0.43 one year ago. Delivered adjusted EPS of $0.48 compared to $0.53 one year ago. ​ ● Strong commercial execution in”
SMG SCOTTS MIRACLE-GRO CO

SCOTTS MIRACLE-GRO CO updated its fiscal 2024 guidance (reaffirmed).

“The Company reaffirms its previously announced non-GAAP fiscal 2024 guidance.”
SMG SCOTTS MIRACLE-GRO CO

SCOTTS MIRACLE-GRO CO reported first six months of fiscal 2024 results: revenue sales of $1.94 billion, down 6 percent from $2.06 billion a year earlier, net income GAAP net income was $77.0 million, or $1.34 per diluted share, EPS $1.34 per diluted share.

“6.95 times, well within the covenant maximum of 7.75 times. The maximum EBITDA multiple under the revised leverage ratio covenants decreases to 6.50 in the third quarter and to 6.00 in the fourth quarter of the fiscal year. Going forward, the Company expects to operate well within covenant bounds. The Company recorded pre-tax restructuring charges of $77.0”
SMG SCOTTS MIRACLE-GRO CO

SCOTTS MIRACLE-GRO CO reported second quarter ended March 30, 2024 results: revenue U.S. Consumer net sales increased 2 percent to $1.38 billion from $1.36 billion in the same period last year, net income Non-GAAP adjusted net income for the quarter... was $211.9 million, or $3.69 per diluted share, EPS $3.69 per diluted share.

“a position of strength and with a growth mindset.” Financial Results Second Quarter Details For the quarter ended March 30, 2024, total Company sales were approximately flat at $1.53 billion compared to a year ago. U.S. Consumer net sales increased 2 percent to $1.38 billion from $1.36 billion in the same period last year. U.S. Consumer segment favorability was”
SMG SCOTTS MIRACLE-GRO CO

SCOTTS MIRACLE-GRO CO reported three and six months ended March 30, 2024 results: revenue total Company sales were approximately flat at $1.53 billion compared to a year ago, net income GAAP net income of $157.5 million, or $2.74 per diluted share, EPS $2.74 per diluted share.

“a position of strength and with a growth mindset.” Financial Results Second Quarter Details For the quarter ended March 30, 2024, total Company sales were approximately flat at $1.53 billion compared to a year ago. U.S. Consumer net sales increased 2 percent to $1.38 billion from $1.36 billion in the same period last year. U.S. Consumer segment favorability was”
JCI Johnson Controls International plc

Johnson Controls International plc reported fiscal second quarter 2024 results: revenue $6.7 billion, net income GAAP net loss was $(277) million, EPS $0.78. Guidance reaffirmed.

“2024 GAAP earnings per share (“EPS”) of $(0.41). Excluding special items, adjusted EPS was $0.78 (see attached footnotes for non-GAAP reconciliation). Sales in the quarter of $6.7 billion were flat compared to the prior year on an as reported basis and increased 1% organically. GAAP net loss was $(277) million. Adjusted net income was $533 million. “We are proud”
TTEK TETRA TECH INC

TETRA TECH INC updated its fiscal year 2024 guidance (raised).

“Increasing Fiscal Year 2024 Net Revenue and EPS full year guidance”
TTEK TETRA TECH INC

TETRA TECH INC reported second fiscal quarter ended March 31, 2024 results: revenue $1.25 billion, EPS $1.42.

“Tetra Tech Reports Record Second Quarter Results and Raises Full Fiscal Year Guidance · Record Revenue $1.25 billion and Record Net Revenue $1.05 billion · Record Q2 EBITDA $135 million, up 28% Y/Y · Record Q2 EPS of $1.42, up 34% Y/Y”
CLH CLEAN HARBORS INC

CLEAN HARBORS INC reported the first quarter ended March 31, 2024 results: revenue $1.38 billion, net income $69.8 million, EPS $1.29 per diluted share. Guidance raised.

“with this report as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Press Release Clean Harbors Announces First-Quarter 2024 Financial Results • Posts 5% Q1 Revenue Increase to $1.38 Billion, Led by 10% Growth in Environmental Services • Generates Q1 Net Income of $69.8 Million, or EPS of $1.29 • Achieves 7% Growth in Q1 Adjusted EBITDA to $230.1 Million with Margin”
PUBLIX SUPER MARKETS INC

PUBLIX SUPER MARKETS INC reported three months ended March 30, 2024 results: revenue $15.1 billion, net income $1.4 billion, EPS $0.41 per share.

“Maria Brous (863) 680-5339 Publix Reports First Quarter 2024 Results and Stock Price LAKELAND, Fla., May 1, 2024 Publix’s sales for the three months ended March 30, 2024 were $15.1 billion, a 5% increase from $14.3 billion in 2023. Comparable store sales for the three months ended March 30, 2024 increased 2.8%. The company estimates sales increased 1% due to the”
QCOM QUALCOMM INC/DE

QUALCOMM INC/DE reported second quarter of fiscal 2024 results: revenue $9.4 billion, EPS $2.06.

“Mauricio Lopez-Hodoyan Vice President, Investor Relations Phone: 1-858-658-4813 | e-mail: ir@qualcomm.com Qualcomm Announces Second Quarter Fiscal 2024 Results Revenues: $9.4 billion GAAP EPS: $2.06, Non-GAAP EPS: $2.44 —QCT Automotive: Design Win Pipeline Now Approximately $45 Billion 1 — —Increased Quarterly Cash Dividend to $3.40 Annualized Payout Per”
EQC Liquidating Trust

EQC Liquidating Trust reported the quarter ended March 31, 2024 results: net income $23.4 million, or $0.22 per diluted share.

“Net income attributable to common shareholders was $23.4 million, or $0.22 per diluted share, for the quarter ended March 31, 2024.”
PLPC PREFORMED LINE PRODUCTS CO

PREFORMED LINE PRODUCTS CO reported first quarter of 2024 results: revenue $140.9 million, net income $9.6 million, or $1.94 per diluted share.

“OHIO – MAY 1, 2024 - Preformed Line Products Company (NASDAQ: PLPC) today reported financial results for its first quarter of 2024. Net sales in the first quarter of 2024 were $140.9 million compared to $181.8 million in the first quarter of 2023, a 22% decrease due primarily to a slowdown in spending within the communications end market. Foreign currency translation”
ASTE ASTEC INDUSTRIES INC

ASTEC INDUSTRIES INC reported first quarter ended March 31, 2024 results: revenue $309.2 million, net income $3.4 million, EPS $0.15.

“Implied orders increased 2.4% sequentially from the fourth quarter. • Backlog of $559.8 million as of March 31, 2024 approaching historical range. • Net sales decreased 11.1% to $309.2 million. • Gross margin of 24.9% decreased 70 basis points. • Diluted EPS of $0.15 compared to $0.53; Adjusted EPS of $0.34 compared to $0.90. • Federal highway and pavement contract”
FMAO FARMERS & MERCHANTS BANCORP INC

FARMERS & MERCHANTS BANCORP INC reported the 2024 first quarter ended March 31, 2024 results: net income $5.4 million, EPS $0.39 per basic and diluted share.

“Net income for the 2024 first quarter ended March 31, 2024, was $5.4 million, compared to $6.5 million for the same period last year. Net income per basic and diluted share for the 2024 first quarter was $0.39, compared to $0.47 for the same period last year.”
NC NACCO INDUSTRIES INC

NACCO INDUSTRIES INC reported three months ended March 31, 2024 results: net income $4,570, EPS $0.61.

“NACCO Industries, Inc. (the “Company”) issued a press release announcing the unaudited financial results for the three months ended March 31, 2024”
MGM MGM Resorts International

MGM Resorts International reported financial results for the quarter ended March 31, 2024.

“This current report on Form 8-K is being furnished to disclose the press release issued by the Registrant on May 1, 2024. The purpose of the press release, furnished as Exhibit 99.1, was to announce the Registrant’s results of operations for the quarter ended March 31, 2024.”
DLHC DLH Holdings Corp.

DLH Holdings Corp. reported fiscal second quarter ended March 31, 2024 results: revenue $101.0 million, net income $1.8 million, EPS $0.12 per diluted share.

“solutions to federal agencies, today announced financial results for its fiscal second quarter ended March 31, 2024. Second Quarter Highlights • Second quarter revenue was $101.0 million in fiscal 2024 versus $99.4 million in fiscal 2023 • Earnings were $1.8 million, or $0.12 per diluted share, for the second quarter of fiscal 2024 versus $0.8 million, or $0.06”
WEC WEC ENERGY GROUP, INC.

WEC ENERGY GROUP, INC. reported first quarter of 2024 results: revenue $2.7 billion, net income $622.3 million, EPS $1.97 per share. Guidance reaffirmed.

“WEC Energy Group reports first-quarter results MILWAUKEE – WEC Energy Group (NYSE: WEC) today reported net income of $622.3 million, or $1.97 per share, for the first quarter of 2024 – up from $507.5 million, or $1.61 per share, in last year's first quarter. Consolidated revenues totaled $2.7 billion, down $207.9 million from the first quarter a year ago.”
PFE PFIZER INC

PFIZER INC reported first quarter of 2024 results: revenue $14,879 million, net income $3,115 million, EPS $0.55. Guidance raised.

“First-Quarter 2024 Results ▪ Solid First-Quarter Results Reflect Continued Growth of Key Products and Progress in Executing 2024 Priorities ▪ First-Quarter 2024 Revenues of $14.9 Billion – Expected Decline in Comirnaty (1) and Paxlovid Revenues Drove a Year-Over-Year Operational Decrease in Revenues of 19% – Excluding Contributions from Comirnaty (1) and”
NNN NNN REIT, INC.

NNN REIT, INC. reported the quarter ended March 31, 2024 results: revenue $ 215,407, net income $ 94,371, EPS $ 0.52.

“Revenues $ 215,407 $ 204,108 Net earnings $ 94,371 $ 90,167 Net earnings per share $ 0.52 $ 0.50”
CULP CULP INC

CULP INC updated its fourth quarter of fiscal 2024 ended April 28, 2024 guidance (lowered).

“On May 1, 2024, Culp, Inc. (the “Company”) issued a news release regarding revised expectations about its financial results for the fourth quarter of the Company’s fiscal 2024 ended April 28, 2024.”
VTR Ventas, Inc.

Ventas, Inc. updated its the quarter ended March 31, 2024 guidance (raised).

“On May 1, 2024, Ventas, Inc. (the “Company”) issued a press release announcing its results of operations for the quarter ended March 31, 2024.”
RGEN REPLIGEN CORP

REPLIGEN CORP reported first quarter of 2024, covering the three-month period ended March 31, 2024 results: revenue $151.3 million, net income $2.1 million, EPS $0.04. Guidance reaffirmed.

“Repligen Corporation 41 Seyon Street Building #1, Suite 100 Waltham, Massachusetts 02453 Repligen Reports First Quarter 2024 Financial Results • Reports first quarter revenue of $151 million • Increased new modalities revenue by 16% year-over-year • Increased Filtration (non-COVID) revenue by 12% year-over-year • Achieved a nine-month book-to-bill ratio of 1.03”
NVEC NVE CORP /NEW/

NVE CORP /NEW/ reported the quarter and fiscal year ended March 31, 2024 results: revenue $7.08 million, net income $3.81 million, or $0.79 per diluted share, EPS $0.79 per diluted share.

“NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter and fiscal year ended March 31, 2024. Total revenue for the fourth quarter of fiscal 2024 decreased 45% to $7.08 million from $12.8 million for the prior-year quarter.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.