Earnings Releases

USANA HEALTH SCIENCES INC reported first quarter ended March 30, 2024 results: revenue $228 million, EPS $0.86. Guidance reaffirmed.

“Sciences, Inc. (NYSE: USNA) today announced financial results for its fiscal first quarter ended March 30, 2024. Key Financial & Operating Results • First quarter net sales were $228 million versus $248 million during Q1 2023, and increased 2% sequentially in constant currency. • First quarter diluted EPS was $0.86 as compared with $0.95 during Q1 2023. • Company”

EXPAND ENERGY Corp reported first quarter 2024 results: net income Net income of $26 million, or $0.18 per fully diluted share, EPS $0.18 per fully diluted share.

“Chesapeake Energy Corporation (NASDAQ:CHK) today reported first quarter 2024 financial and operating results. • Net income of $26 million, or $0.18 per fully diluted share; adjusted net income (1) of $80 million, or $0.56 per share”

ARCBEST CORP /DE/ reported first quarter 2024 results: revenue $1.0 billion, net income $2.9 million, EPS $0.12 per diluted share.

“ArcBest ® (Nasdaq: ARCB) , a leader in supply chain logistics, today reported first quarter 20 24 revenue from continuing operations of $ 1.0 billion, compared to $1.1 billion in the first quarter of 2023. First quarter 202 4 operating income from continuing operations was $ 22.4 million , compared to $21.2 million in the prior year period, and net loss from continuing operations was $ 2.9 million, or $ 0.12 per diluted share , compared to net income of $18.8 million, or $0.75 per diluted share, in 2023 .”

SITE Centers Corp. reported financial results for the quarter ended March 31, 2024.

“On April 30, 2024, SITE Centers Corp. (the “Company”) issued a quarterly financial supplement containing financial and property information of the Company (“Quarterly Supplement”) for the quarter ended March 31, 2024, which includes a News Release containing financial results of the Company.”

LITTELFUSE INC /DE reported the first quarter ended March 30, 2024 results: revenue Net sales of $535 million, EPS GAAP diluted EPS was $1.93 and adjusted diluted EPS was $1.76. Guidance reaffirmed.

“Littelfuse, Inc. (NASDAQ: LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, today reported financial results for the first quarter ended March 30, 2024: • Net sales of $535 million were down 12% versus the prior year period, and down 12% organically • GAAP diluted EPS was $1.93 and adjusted diluted EPS was $1.76 • Cash flow from operations was $57 million and free cash flow was $42 million”

KADANT INC reported the first quarter ended March 30, 2024 results: net income $25 million, EPS $2.10.

“Kadant Inc. (the “Company”) announced its financial results for the fiscal quarter ended March 30, 2024.”

CREDIT ACCEPTANCE CORP reported three months ended March 31, 2024 results: net income $64.3 million, EPS $5.08 per diluted share.

“On April 30, 2024, Credit Acceptance Corporation (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2024 and details for the related April 30, 2024 webcast.”

SEABOARD CORP /DE/ reported the three months ended March 30, 2024 results: revenue $ 2,191, net income $ 22, EPS $ 22.66.

“Net sales ​ $ 2,191 ​ $ 2,499 ​ Operating loss ​ $ (20) ​ $ (63) ​ Net earnings (loss) attributable to Seaboard ​ $ 22 ​ $ (16) ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings (loss) per common share ​ $ 22.66 ​ $ (13.78)”

INCYTE CORP reported first fiscal quarter ended March 31, 2024 results: revenue Total revenues of $881 million in the first quarter (Q1'24). Guidance reaffirmed.

“Incyte Reports 2024 First Quarter Financial Results and Provides Updates on Key Clinical Programs – Total revenues of $881 million in the first quarter (Q1'24) (+9% Y/Y) – Jakafi ® (ruxolitinib) net product revenues of $572 million in Q1'24, total paid patients increased +5% Y/Y; reiterating full year 2024 guidance of $2,690 - $2,750 million”

ZEBRA TECHNOLOGIES CORP reported first quarter ended March 30, 2024 results: revenue $1,175 million, net income $115 million, EPS $2.23 per diluted share. Guidance raised.

“Overlook Point Lincolnshire, IL 60069 USA +1 847 634 6700 www.zebra.com Zebra Technologies Announces First-Quarter 2024 Results First-Quarter Financial Highlights • Net sales of $1,175 million; year-over-year decrease of 16.4% • Net income of $115 million and net income per diluted share of $2.23 • Non-GAAP diluted EPS decreased year-over-year to $2.84 • Adjusted”

GULFPORT ENERGY CORP reported the three months ended March 31, 2024 results: net income $52.0 million. Guidance reaffirmed.

“On April 30, 2024, Gulfport Energy Corporation (“Gulfport”) issued a press release reporting its financial and operational results for the three months ended March 31, 2024, and provided an update on its 2024 development plan and financial position.”

MERIT MEDICAL SYSTEMS INC reported first quarter ended March 31, 2024 results: revenue $323.5 million, EPS $0.48.

“mike.piccinino@westwicke.com ​ ​ ​ ​ ​ ​ ​ ​ FOR IMMEDIATE RELEASE MERIT MEDICAL REPORTS RESULTS FOR FIRST QUARTER ENDED MARCH 31, 2024 ● Q1 2024 reported revenue of $323.5 million, up 8.7% compared to Q1 2023 ● Q1 2024 constant currency revenue* up 9.3% compared to Q1 2023 ● Q1 2024 constant currency revenue, organic* up 7.0% compared to Q1 2023 ● Q1 2024”

DENNY'S Corp reported first quarter ended March 27, 2024 results: revenue $110.0 million, net income $4.7 million, EPS $0.09 per diluted share. Guidance reaffirmed.

“the pandemic began. These initiatives are sure to generate incremental sales and margins at our flagship brand.” First Quarter 2024 Highlights (1) • Total operating revenue was $110.0 million compared to $117.5 million in the prior year quarter. • Denny's domestic system-wide same-restaurant sales** were (1.3%) compared to the equivalent fiscal period in 2023,”

ZYNEX INC reported the first quarter of 2024 results: revenue $46.5 million, net income $10,000, EPS $0.00. Guidance reaffirmed.

“Zynex Reports First Quarter 2024 Financial Results Q1 2024 Revenue Increased 10% to $46.5 Million”

TETRA TECHNOLOGIES INC reported first quarter 2024 results: revenue $151 million, net income $915,000.

“ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS • First quarter revenue of $151 million increased 3% year-over-year. • First quarter net income was $915,000 and net income per share attributable to TETRA stockholders was $0.01.”

EVANS BANCORP INC reported first quarter of 2024 results: net income $2.3 million, EPS $0.42 per diluted share.

“Net income was $2.3 million, or $0.42 per diluted share, in the first quarter of 2024, compared with $10.2 million, or $1.85 per diluted share, in the fourth quarter of 2023 and $5.8 million, or $1.06 per diluted share, in last year’s first quarter.”

BLUE RIDGE BANKSHARES, INC. reported first quarter ended March 31, 2024 results: net income net loss of $2.9 million, EPS $0.15 per diluted common share.

“Blue Ridge Bankshares, Inc. issued a press release announcing its financial results for the first quarter ended March 31, 2024.”

TRIMAS CORP updated its guidance (reaffirmed).

“TRIMAS REPORTS FIRST QUARTER 2024 RESULTS Reaffirms Full Year 2024 Guidance”

TRIMAS CORP reported first quarter ended March 31, 2024 results: revenue $227.1 million, net income $5.1 million, EPS $0.12 per diluted share. Guidance reaffirmed.

“(NASDAQ: TRS) today announced financial results for the first quarter ended March 31, 2024. TriMas First Quarter Highlights • Achieved quarterly net sales growth of 5.4% to $227.1 million • Increased net sales within TriMas Packaging, its largest segment, by 9.3%, and TriMas Aerospace by 34.7% • Diluted EPS was in line with the prior year quarter, and adjusted”

MIDDLEFIELD BANC CORP reported the three months ended March 31, 2024 results: net income $4.2 million, EPS $0.51 per diluted share.

“On April 30, 2024, Middlefield Banc Corp. issued a press release announcing financial results for the three month period ended March 31, 2024.”

STARBUCKS CORP reported 13-week fiscal second quarter ended March 31, 2024 results: revenue $8.6 billion, EPS $0.68.

“31, 2024. A copy of the press release is attached as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Starbucks Reports Q2 Fiscal 2024 Results Q2 Consolidated Net Revenues Down 2% to $8.6 Billion, Driven by a Complex Operating Environment Q2 GAAP and Non-GAAP EPS of $0.68; Long-Term Strategy Remains Intact Q2 Active U.S. Starbucks ® Rewards Membership Totals 32.8 Million,”

EDISON INTERNATIONAL reported the quarter ended March 31, 2024 results: net income net loss of $11 million, EPS $0.03 per share. Guidance reaffirmed.

“Edison International issued a press release reporting its financial results and the financial results for its subsidiary, Southern California Edison Company, for the quarter ended March 31, 2024.”

UNITED STATES LIME & MINERALS INC reported the quarter ended March 31, 2024 results: revenue $71.7 million, net income $22.4 million ($3.92 per share diluted), EPS $3.92 per share diluted.

“Texas, April 30, 2024 - United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported first quarter 2024 results: The Company’s revenues in the first quarter 2024 were $71.7 million, compared to $66.8 million in the first quarter 2023, an increase of $4.9 million, or 7.4%. Lime and limestone revenues were $71.5 million in the first quarter 2024, compared to”

O-I Glass, Inc. /DE/ reported first quarter ended March 31, 2024 results: revenue $1.6 billion, net income $0.45 per share (diluted), EPS $0.45 per share (diluted). Guidance lowered.

“we expect this new innovative technology will create a significant competitive advantage for our company well into the future,” said Andres Lopez, O-I Glass CEO. Net sales were $1.6 billion in the first quarter of 2024 compared to $1.8 billion in the prior year reflecting slightly lower average selling prices and a 12.5 percent decline in sales volume (in tons).”

POWELL INDUSTRIES INC reported Fiscal 2024 second quarter ended March 31, 2024 results: revenue $255 million, net income $33 million, or $2.75 per diluted share, EPS $2.75 per diluted share.

“2024 second quarter ended March 31, 2024. All comparisons are to the second quarter of Fiscal 2023, unless otherwise noted. Second Quarter Key Highlights: • Revenues totaled $255 million, an increase of 49%; • Gross profit of $63 million, or 24.6% of revenue, a 510 basis point improvement; • Net income of $33 million, or $2.75 per diluted share; • New orders (1)”

NATIONAL PRESTO INDUSTRIES INC reported first quarter 2024 results: revenue $ 76,653,000, net income $ 6,568,000, EPS $ .92.

“Net Sales $ 76,653,000 $ 80,409,000 Net Earnings $ 6,568,000 $ 8,878,000 Net Earnings Per Share $ .92 $ 1.25”

HEARTLAND EXPRESS INC reported the three months ended March 31, 2024 results: revenue $270.3 million, net income Net Loss of $15.1 million, EPS Basic Loss per Share of $0.19.

“Heartland Express, Inc. (Nasdaq: HTLD) announced today financial results for the three months ended March 31, 2024. Three months ended March 31, 2024: • Operating Revenue of $270.3 million, • Net Loss of $15.1 million, • Basic Loss per Share of $0.19, • Operating Ratio of 105.3% and 105.6% Non-GAAP Adjusted Operating Ratio (1) , • Total Assets of $1.5 billion, • Stockholders' Equity of $848.8 million.”

WERNER ENTERPRISES INC reported first quarter ended March 31, 2024 results: revenue $769.1 million, net income $6.3 million, EPS $0.10.

“--- EX-99.1 (EX-99.1) --- Werner Enterprises Reports First Quarter 2024 Results First Quarter 2024 Highlights (all metrics compared to first quarter 2023) • Total revenues of $769.1 million, down 8% • Operating income of $15.6 million, down 71%; non-GAAP adjusted operating income of $18.6 million, down 68% • Operating margin of 2.0%, down 440 basis points; non-GAAP”

PUBLIC SERVICE ENTERPRISE GROUP INC reported first quarter of 2024 results: net income $ 532, EPS $1.06 per share. Guidance reaffirmed.

“PSEG announced financial results for the three months ended March 31, 2024. A copy of the earnings release dated April 30, 2024 is furnished as Exhibit 99 to this Form 8-K.”

PACCAR INC reported the first quarter of 2024 results: revenue $8.74 billion, net income $1.20 billion ($2.27 per diluted share), EPS $2.27 per diluted share.

“PACCAR achieved quarterly revenues of $8.74 billion in the first quarter of 2024, compared to the $8.47 billion reported in the same period in 2023. The company achieved net income of $1.20 billion ($2.27 per diluted share) in the first quarter of 2024.”

CAMDEN NATIONAL CORP reported first quarter ended March 31, 2024 results: net income $13.3 million, EPS $0.91.

“Camden National Corporation (the “Company”) issued a press release on April 30, 2024 announcing earnings for the fiscal quarter ended March 31, 2024.”

GARTNER INC reported three months ended March 31, 2024 results: revenue $1,473, net income $211 million, EPS $2.67. Guidance raised.

“RESULTS HIGHLIGHTS (Unaudited; $ in millions, except per share amounts) Three Months Ended March 31, Inc/(Dec) 2024 2023 Inc/(Dec) FX Neutral GAAP Metrics : Revenues $ 1,473 $ 1,409 4.5 % 4.6 % Net income 211 296 (28.8) % na Diluted EPS 2.67 3.68 (27.4) % na Operating cash flow 189 165 14.7 % na Non-GAAP Metrics : Adjusted EBITDA $ 382 $ 379 0.8 % 1.7”

UDR, Inc. reported the quarter ended March 31, 2024 results: net income $0.13, EPS $0.13 per diluted share. Guidance raised.

“UDR ANNOUNCES FIRST QUARTER RESULTS AND RAISES CERTAIN FULL-YEAR 2024 GUIDANCE RANGES”

ARMSTRONG WORLD INDUSTRIES INC reported first quarter 2024 results: revenue $326.3 million, net income $59.9 million, EPS $1.36. Guidance raised.

“On April 30, 2024, Armstrong World Industries, Inc. (the "Company") issued a press release announcing its first quarter 2024 consolidated financial results.”

OLD POINT FINANCIAL CORP reported first quarter ended March 31, 2024 results: net income $1.7 million, EPS $0.34 per diluted share.

“On April 30, 2024 Old Point Financial Corporation (the “Corporation”) issued a press release reporting its earnings and financial results for the first quarter ended March 31, 2024.”

F&M BANK CORP reported the quarter ended March 31, 2024 results: net income $1.2 million, EPS $0.35 per share.

“Net income was $1.2 million or $0.35 per share for the quarter ended March 31, 2024”

F&M BANK CORP reported the quarter ended March 31, 2024 results: net income $1.2 million, EPS $0.35 per share.

“Net income was $1.2 million or $0.35 per share for the quarter ended March 31, 2024”

FIRST NATIONAL CORP /VA/ reported the three months ended March 31, 2024 results: net income $3.2 million, EPS $0.51.

“First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $3.2 million and diluted earnings per common share of $0.51 for the three months ended March 31, 2024.”

ARROW FINANCIAL CORP reported the three-month period ended March 31, 2024 results: net income $7.7 million, EPS $0.45 per diluted share.

“Net income for the first quarter of 2024 was $7.7 million and fully diluted earnings per share ("EPS") was $0.45”

FIRST FINANCIAL CORP /IN/ reported the three months ended March 31, 2024 results: net income Net income was $10.9 million, EPS Diluted net income per common share of $0.93.

“First Financial Corporation (NASDAQ:THFF) today announced results for the first quarter of 2024. ● Net income was $10.9 million compared to the $16.0 million reported for the same period of 2023; ● Diluted net income per common share of $0.93 compared to $1.33 for the same period of 2023;”

BRINKER INTERNATIONAL, INC reported financial results for third quarter ended March 27, 2024.

“On April 30, 2024, Brinker International, Inc. (the "Company") issued a Press Release announcing its third quarter of fiscal 2024 results and updated guidance for fiscal 2024.”

Archer-Daniels-Midland Co reported the quarter ended March 31, 2024 results: EPS $1.42. Guidance reaffirmed.

“ADM Reports First Quarter 2024 Results, Affirms Full-Year EPS Guidance Reported EPS of $1.42, Adjusted EPS 1 of $1.46”

TENET HEALTHCARE CORP reported quarter ended March 31, 2024 results: revenue $5,368, net income $2,151, EPS $21.38. Guidance raised.

“results for first quarter 2024 versus first quarter 2023 are as follows: Three Months Ended March 31, ($ in millions, except per share results) 2024 2023 Net operating revenues $5,368 $5,021 Net income available to Tenet common shareholders from continuing operations $2,151 $143 Net income available to Tenet common shareholders from continuing operations per”

3M CO updated its first-quarter guidance (reaffirmed).

“On April 30, 2024, 3M Company issued a press release reporting first-quarter financial results and initiating its full-year 2024 guidance reflecting completion of Solventum spin (attached hereunder as Exhibit 99.1 and incorporated herein by reference).”

MCDONALDS CORP reported the first quarter ended March 31, 2024 results: revenue $6,169, net income $1,929, EPS $2.66.

“KEY FINANCIAL METRICS - CONSOLIDATED Dollars in millions, except per share data Quarters Ended March 31, 2024 2023 Inc/ (Dec) Inc/ (Dec) Excluding Currency Translation Revenues $ 6,169 $ 5,898 5 % 4 % Operating income 2,736 2,532 8 8 Net income 1,929 1,802 7 7 Earnings per share-diluted $ 2.66 $ 2.45 9 % 9 % Results included pre-tax charges of $35 million, or”

MERCURY GENERAL CORP reported financial results for the first quarter ended March 31, 2024.

“On April 30, 2024, the Company issued a press release announcing its financial results for the first quarter ended March 31, 2024.”

ELI LILLY & Co reported first quarter of 2024 results: revenue $8,768.0, net income $2,242.9, EPS $2.48. Guidance raised.

“on important public announcements, visit the news section of Lilly's website. Financial Results $ in millions, except per share data First Quarter 2024 2023 % Change Revenue $ 8,768.0 $ 6,960.0 26% Net income – Reported 2,242.9 1,344.9 67% Earnings per share – Reported 2.48 1.49 66% Net income – Non-GAAP 2,335.3 1,463.9 60% Earnings per share – Non-GAAP 2.58”

LEGGETT & PLATT INC reported first quarter ending March 31, 2024 results: revenue $1.1 billion, EPS $.23. Guidance reaffirmed.

“APRIL 30, 2024 LEGGETT & PLATT REPORTS 1Q RESULTS, ANNOUNCES 2Q DIVIDEND OF $.05 AND UPDATES CAPITAL ALLOCATION PRIORITIES Carthage, MO, April 30, 2024 --- · 1Q sales of $1.1 billion, a 10% decrease vs 1Q23 · 1Q EPS and adjusted 1 EPS of $.23, a decrease of $.16 vs 1Q23 · Board declared second quarter dividend of $.05 per share · Company updated capital”

Unum Group reported the first quarter of 2024 results: net income $395.2 million ($2.04 per diluted common share).

“On April 30, 2024, Unum Group (the "Company") issued a news release reporting its results for the first quarter of 2024”

ILLINOIS TOOL WORKS INC reported first quarter 2024 results: revenue $4.0 billion, EPS $2.73. Guidance reaffirmed.

“ITW Reports First Quarter 2024 Results • Revenue of $4.0 billion, organic growth declined (0.6)% as expected”