Earnings Releases

AMERICAN ELECTRIC POWER CO INC updated its 2024 guidance (reaffirmed).

“AEP management reaffirms its 2024 operating earnings guidance range to $5.53 to $5.73 per share.”

AMERICAN ELECTRIC POWER CO INC reported First Quarter ended March 31, 2024 results: revenue $5.0 billion, net income $1,003.1 million, EPS $1.91 per share. Guidance reaffirmed.

“AMERICAN ELECTRIC POWER Preliminary, unaudited results First Quarter ended March 31, 2024 2023 Variance Revenue ($ in billions): 5.0 4.7 0.3 Earnings ($ in millions): GAAP 1,003.1 397.0 606.1 Operating (non-GAAP) 670.4 571.6 98.8 EPS ($): GAAP 1.91 0.77 1.14 Operating (non-GAAP) 1.27 1.11 0.16 EPS based on 527 million shares 1Q 2024, 514 million shares 1Q 2023.”

HUBBELL INC reported first quarter ended March 31, 2024 results: EPS Q1 diluted EPS of $2.73; adjusted diluted EPS of $3.60. Guidance reaffirmed.

“Hubbell Incorporated (the “Company”) issued a press release announcing results for the first quarter and three months ended March 31, 2024.”

CRAWFORD UNITED Corp reported the quarter ended March 31, 2024 results: revenue $ 38.4 million, net income $3.0 million, EPS $ 0.85 per fully diluted share.

“Crawford United Corporation Announces First Quarter 2024 Results ● Sales of $ 38.4 million for the quarter ● $4.6 million sequential increase in sales from prior quarter ● Net income of $3.0 million ● Earnings per share of $ 0.85”

SKYWORKS SOLUTIONS, INC. reported Q2 FY24 ended March 29, 2024 results: revenue $1.046 billion, EPS diluted earnings per share of $1.14.

“Revenue for the second fiscal quarter of 2024 was $1.046 billion. On a GAAP basis, operating income for the second fiscal quarter was $189.2 million with diluted earnings per share of $1.14. On a non-GAAP basis, operating income was $279.1 million with non-GAAP diluted earnings per share of $1.55.”

Matson, Inc. updated its fiscal year ending December 31, 2024 guidance (raised).

“As such, we now expect full year consolidated operating income to be modestly higher than the level achieved in 2023.”

Matson, Inc. reported three months ended March 31, 2024 results: revenue $722.1 million, net income $36.1 million, EPS $1.04.

“Matson, Inc. (“Matson” or the “Company”) (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $36.1 million, or $1.04 per diluted share, for the quarter ended March 31, 2024. Net income for the quarter ended March 31, 2023 was $34.0 million, or $0.94 per diluted share. Consolidated revenue for the first quarter 2024 was $722.1 million compared with $704.8 million for the first quarter 2023.”

FRANKLIN ELECTRIC CO INC reported first quarter of 2023 results: revenue $484.6 million, EPS $0.79.

“First quarter 2023 net sales of $484.6 million”

FRANKLIN ELECTRIC CO INC reported first quarter of 2024 results: revenue $460.9 million, EPS $0.70. Guidance reaffirmed.

“Franklin Electric Co., Inc. today announced its first quarter financial results for fiscal year 2024. First quarter 2024 net sales were $460.9 million”

CECO ENVIRONMENTAL CORP reported first quarter ended March 31, 2024 results: revenue $126.3 million, net income $1.5 million, EPS $0.04. Guidance reaffirmed.

“reported its financial results for the first quarter results of 2024. First Quarter Summary (1) • Orders of $145.3 million • Backlog of $389.5 million, up 9 percent • Revenue of $126.3 million, up 12 percent • Net income of $1.5 million, down 25 percent; non-GAAP net income of $4.0 million, up 11 percent • GAAP EPS (diluted) of $0.04; non-GAAP EPS (diluted) of $0.11 •”

ECOLAB INC. reported the first quarter ended March 31, 2024 results: revenue $3,751.9, net income $412.1, EPS $1.43. Guidance raised.

“​ ​ ​ Adjusted ​ ​ ​ (unaudited) ​ Public Currency Rates ​ % ​ Public Currency Rates ​ % (millions, except per share) ​ 2024 ​ 2023 ​ Change ​ 2024 ​ ​ 2023 ​ Change Net sales ​ $3,751.9 ​ ​ $3,571.6 ​ ​ 5 % ​ $3,751.9 ​ ​ $3,571.6 ​ ​ 5 % Operating income ​ 517.9 ​ ​ 351.6 ​ ​ 47 % ​ 547.7 ​ ​ 379.3 ​ ​ 44 % Net income attributable to Ecolab ​ 412.1 ​ ​ 233.4 ​ ​”

Air Products & Chemicals, Inc. reported fiscal 2024 third quarter results: EPS 3.00 to 3.05. Guidance reaffirmed.

“Maintaining fiscal 2024 full-year adjusted EPS guidance* of $12.20 to $12.50, up six to nine percent over prior year adjusted EPS*; fiscal 2024 third quarter adjusted EPS guidance* of $3.00 to $3.05”

Air Products & Chemicals, Inc. reported fiscal 2024 full-year results: EPS 12.20 to 12.50. Guidance reaffirmed.

“Maintaining fiscal 2024 full-year adjusted EPS guidance* of $12.20 to $12.50, up six to nine percent over prior year adjusted EPS*; fiscal 2024 third quarter adjusted EPS guidance* of $3.00 to $3.05”

Air Products & Chemicals, Inc. reported second quarter of fiscal year 2024 results: net income 581 million, EPS 2.85. Guidance reaffirmed.

“Air Products Reports Fiscal 2024 Second Quarter GAAP EPS of $2.57 and Adjusted EPS of $2.85”

STRYKER CORP updated its first quarter 2024 guidance (raised).

“Stryker Corporation issued a press release on April 30, 2024 announcing its first quarter 2024 operating results.”

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE reported first quarter of 2024 results: net income $4.3 billion net income for the first quarter of 2024.

“On April 30, 2024, Fannie Mae filed its quarterly report on Form 10-Q for the quarter ended March 31, 2024 and is issuing a press release reporting its financial results for the periods covered by the Form 10-Q. Copies of the press release and a financial supplement are furnished as Exhibits 99.1 and 99.2, respectively, to this report and are incorporated herein by reference.”

ADVANCED MICRO DEVICES INC reported first quarter ended March 30, 2024 results: revenue $5.5 billion, net income $123 million, EPS $0.07.

“revenue for the first quarter of 2024 of $5.5 billion, gross margin of 47%, operating income of $36 million, net income of $ 123 million and diluted earnings per share of $0.07.”

CORNING INC /NY reported first quarter ended March 31, 2024 results: revenue $2.98 billion, EPS $0.24.

“we are poised to deliver powerful incremental profit and cash flow and generate substantial shareholder value.” First-Quarter 2024 Financial Highlights: ● GAAP sales were $2.98 billion. Core sales were $3.26 billion. Year over year, GAAP and core sales declined by 6% and 3%, respectively. ● Profitability improved despite the lower sales, reflecting the”

MOLSON COORS BEVERAGE CO reported the 2024 first quarter results: revenue Net sales increased 10.7% reported and 10.1% in constant currency, net income U.S. GAAP net income attributable to MCBC of $207.8 million, $0.97 per share on a diluted basis, EPS $0.97 per share on a diluted basis. Guidance reaffirmed.

“Molson Coors Beverage Company Reports 2024 First Quarter Results Delivers First Quarter Top-Line Growth of 10.7% with Growth Across Both Business Units First Quarter Income Before Income Taxes Increases 160.5%, while Underlying Income Before Income Taxes Increases 68.8% on a Constant Currency Basis Reaffirms 2024 Full Year Guidance for Top-Line and Bottom-Line Growth”

COCA COLA CO reported first quarter 2024 results: revenue $11.3 billion, EPS $0.74.

“success, thanks to the right strategies, clear alignment, a powerful portfolio and strong execution.” Highlights Quarterly Performance • Revenues: Net revenues grew 3% to $11.3 billion, and organic revenues (non-GAAP) grew 11%. Revenue performance included 13% growth in price/mix and a 2% decline in concentrate sales. Concentrate sales were 3 points behind unit”

CLOROX CO /DE/ reported third quarter ended March 31, 2024 results: revenue $1.81 billion, EPS ($0.41) per diluted share.

“20, 2024 divestiture of the company's Argentina business and all comparisons are with the third quarter of fiscal year 2023 unless otherwise stated. • Net sales decreased 5% to $1.81 billion compared to a 6% net sales increase in the year-ago quarter. The decrease was driven largely by lower volume from temporary distribution losses resulting from the widescale”

ALLURION TECHNOLOGIES, INC. reported first quarter 2024 results: revenue $9.2 million to $9.3 million.

“Management expects preliminary unaudited results for the period as follows: • Revenue in the range of $9.2 million to $9.3 million, reflecting growth of between 12%-13% over the fourth quarter of 2023”

GE HealthCare Technologies Inc. reported the first quarter ended March 31, 2024 results: revenue $4.6 billion, net income $374 million, EPS $0.81. Guidance reaffirmed.

“of 2024 consistent with our previous comments, and we remain on track to deliver our guidance for the year.” First Quarter 2024 Total Company Financial Performance • Revenues of $4.6 billion declined 1% r eported and were approximately flat on an Organic* basis year-over-year, with decreased volume partially offset by positive price. • Total company book-to-bill was”

Lumen Technologies, Inc. reported first quarter ended March 31, 2024 results: revenue $ 3,290, net income 57, EPS 0.06. Guidance reaffirmed.

“Total Revenue (3)(4) $ 3,290 3,738 Cost of Services and Products 1,652 1,817 Selling, General and Administrative Expenses 823 721 Net Loss on Sale of Business 22 77 Stock-based Compensation Expense 14 14 Net Income 57 511 Net (Loss) Income, Excluding Special Items (5)(6) (41) 97 Adjusted EBITDA (2)(5)(7)(8) 807 1,137 Adjusted EBITDA, Excluding Special Items (2)(5)(7)(8)(9) 977 1,251 Net Income Margin 1.7 % 13.7 % Net (Loss) Income Margin, Excluding Special Items (5)(6) (1.2) % 2.6 % Adjusted EBITDA Margin (5) 24.5 % 30.4 % Adjusted EBITDA Margin, Excluding Special Items (5)(9) 29.7 % 33.5 % Net Cash Provided by Operating Activities 1,102 595 Capital Expenditures (10) 713 640 Unlevered Cash Flow (5) 670 305 Unlevered Cash Flow, Excluding Cash Special Items (5)(11) 799 275 Free Cash Flow (5) 389 (45) Free Cash Flow, Excluding Cash Special Items (5)(11) 518 (75) Net Income per Common Share - Diluted 0.06 0.52”

DIH HOLDING US, INC. reported the nine months ended December 31, 2023 results: revenue $47.1 million.

“Revenue of $47.1 million for the nine months ended December 31, 2023, representing growth of 42.1% over the prior year period”

Ponce Financial Group, Inc. reported financial results for first quarter ended March 31, 2024.

“issued a press release announcing its financial results with respect to its first quarter ended March 31, 2024”

DT Midstream, Inc. reported first quarter ended March 31, 2024 results: net income 97 million, EPS 0.99.

“DT Midstream Reports Strong First Quarter 2024 Results DETROIT, Apr. 30, 2024 – DT Midstream, Inc. (NYSE: DTM) today announced first quarter 2024 reported net income of $97 million, or $0.99 per diluted share.”

Viant Technology Inc. reported first quarter ended March 31, 2024 results: revenue $53,393, net income $(3,214), EPS $(0.06).

“Viant.” First quarter 2024 Financial Highlights, year-over-year ( in thousands, except percentages and per share data): 2024 2023 Change (%) (NM = Not Meaningful) GAAP Revenue $ 53,393 $ 41,720 28 % Gross profit $ 23,513 $ 18,383 28 % Net loss $ (3,214) $ (9,376) 66 % Net loss as a percentage of gross profit (14) % (51) % NM Net loss attributable to Viant”

CCC Intelligent Solutions Holdings Inc. reported the three months ended March 31, 2024 results: revenue $227.2 million, net income GAAP net loss was $0.6 million.

“innovation the CCC IX Cloud will unlock for customers as well as CCC’s large and growing partner ecosystem.” First Quarter 2024 Financial Highlights Revenue • Total revenue was $227.2 million for the first quarter of 2024, an increase of 11% from $204.9 million for the first quarter of 2023. Profitability • GAAP gross profit was $167.9 million, representing a gross”

Harmony Biosciences Holdings, Inc. reported Q1 2024 results: revenue WAKIX Net Revenue of $154.6 Million, net income GAAP net income for the quarter ended March 31, 2024, was $38.3 million, EPS $0.67 per diluted share. Guidance reaffirmed.

“ADVANCES PITOLISANT FRANCHISE TO EXTEND REVENUE POTENTIAL BEYOND 2040; STRENGHTENS SLEEP/WAKE LEADERSHIP AND DIVERSIFIES INTO RARE EPILEPSY ​ WAKIX® (pitolisant) Net Revenue of $154.6 Million for First Quarter 2024; ~30% Growth Year-over-Year ​ Supplemental New Drug Application for Pitolisant in Idiopathic Hypersomnia Planned for Second Half 2024 ​ On Track Toward”

Mirion Technologies, Inc. reported the first quarter ended March 31, 2024 results: revenue $192.6 million, net income $26.5 million, EPS $0.13. Guidance reaffirmed.

“• Revenues for the first quarter increased 5.8% to $192.6 million, compared to $182.1 million in the same period in 2023. • Net loss was $26.5 million in the first quarter, compared to a net loss of $42.9 million in the same period last year. Adjusted EBITDA was $39.5 million, a 7.9% increase from $36.6 million in the same period last year. • Income from operations margin was (2.5)% in the first quarter, compared to (7.5)% in the same period last year. Adjusted EBITDA margin was 20.5% in the first quarter, compared to 20.1% in the same period last year. • GAAP net loss per share for the first quarter was $0.13, compared to $0.22 in the first quarter of 2023. Adjusted earnings per share for the quarter was $0.06, in-line with the same period last year.”

Nautilus Biotechnology, Inc. reported the first quarter ended March 31, 2024 results: net income $18.7 million.

“Net loss was $18.7 million for the first quarter of 2024”

Root, Inc. reported the quarter ended March 31, 2024 results: net income net loss of $6 million.

“On April 30, 2024, Root, Inc. (the "Company") announced its financial results for the quarter ended March 31, 2024”

10x Genomics, Inc. reported first quarter ended March 31, 2024 results: revenue $141.0 million, net income -$59.9 million. Guidance reaffirmed.

“Revenue was $141.0 million for the first quarter of 2024, a 5% increase from $134.3 million for the corresponding prior year period. Gross margin was 66% for the first quarter of 2024, as compared to 73% for the corresponding prior year period. The decrease in gross margin was primarily due to change in product mix driven by Xenium instruments. Operating expenses were $154.4 million for the first quarter of 2024, a 3% increase from $150.4 million for the corresponding prior year period. This increase was driven by higher legal expenses and costs for facilities and information technology partially offset by lower personnel expenses, including stock-based compensation. Operating loss was $61.5 million for the first quarter of 2024, as compared to $52.0 million for the corresponding prior year period. Operating loss includes $36.1 million of stock-based compensation for the first quarter of 2024, as compared to $42.1 million of stock-based compensation for the corresponding prior year per”

TransMedics Group, Inc. reported quarter ended March 31, 2024 results: revenue $96.9 million, net income $12.2 million, EPS $0.35 per fully diluted share. Guidance raised.

“Net revenue of $96.9 million in the first quarter of 2024, a 133% increase compared to the first quarter of 2023”

Acreage Holdings, Inc. reported full year ended December 31, 2023 results: revenue $223.4 million.

“Full year consolidated revenue of $223.4 million”

Acreage Holdings, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $52.8 million, net income $35.7 million.

“its financial results for the fourth quarter (“Q4 2023”) and full year ended December 31, 2023 (“FY 2023”). Fourth Quarter 2023 Financial Highlights • Consolidated revenue of $52.8 million. • Gross margin was 32%. Excluding the impact of non-cash inventory adjustments, Q4 2023 adjusted gross margin was 33%. • Net loss for Q4 2023 was $35.7 million. • Adjusted”

Amcor plc updated its third quarter and first nine months of fiscal year 2024 guidance (raised).

“On April 30, 2024, Amcor plc (the “Company”) issued a press release regarding financial results for the third quarter and first nine months of fiscal year 2024.”

Equitrans Midstream Corp reported financial results for first quarter 2024.

“Equitrans Midstream Corporation issued a news release announcing its first quarter 2024 earnings.”

Columbia Financial, Inc. reported the three months ended March 31, 2024 results: net income net loss of $1.2 million, EPS $0.01 per basic and diluted share.

“reported a net loss of $1.2 million, or $0.01 per basic and diluted share, for the quarter ended March 31, 2024”

Industrial Logistics Properties Trust reported financial results for the quarter ended March 31, 2024.

“On April 30, 2024 , Industrial Logistics Properties Trust, or the Company, issued a summary press release and a detailed earnings presentation announcing the Company's financial results for the quarter ended March 31, 2024.”

FIRSTSUN CAPITAL BANCORP reported the first quarter ended March 31, 2024 results: net income Net income of $12.3 million, EPS $0.45 per diluted share.

“On April 30, 2024 , FirstSun Capital Bancorp issued an earnings press release announcing financial results for the first quarter ended March 31, 2024.”

urban-gro, Inc. reported the quarter ended March 31, 2024 results: revenue $15.5 million, net income $2.1 million, EPS $0.18 net loss per share. Guidance reaffirmed.

“urban-gro, Inc. Reports First Quarter 2024 Financial Results and Reaffirms Full Year 2024 Guidance • Revenue of $15.5 million, representing a sequential increase of 4% over $15.0 million •”

Lemonade, Inc. reported the three months ended March 31, 2024 results: revenue $119.1 million, net income ($47.3) million. Guidance raised.

“increased by $33.7 million or 22% as compared to the first quarter of 2023, primarily due to the increase of IFP earned during the quarter. 8 Revenue First quarter revenue of $119.1 million increased by $23.9 million or 25% as compared to the first quarter of 2023, primarily due to the increase of gross earned premium, ceding commission income and net investment”

Select Water Solutions, Inc. reported the first quarter ended March 31, 2024 results: revenue $366.5 million, net income $3.9 million. Guidance initiated.

“Revenue for the first quarter of 2024 was $366.5 million as compared to $374.9 million in the fourth quarter of 2023 and $416.6 million in the first quarter of 2023. Net income for the first quarter of 2024 was $3.9 million as”

JBG SMITH Properties reported financial results for the three months ended March 31, 2024.

“On April 30, 2024, JBG SMITH Properties (the “Company”) announced its financial results for the three months ended March 31, 2024.”

Invitation Homes Inc. reported financial results for the quarter ended March 31, 2024.

“On April 30, 2024, Invitation Homes Inc. (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter ended March 31, 2024.”

DigitalBridge Group, Inc. reported financial results for the quarter ended March 31, 2024.

“DigitalBridge Group, Inc. (the “Company”) issued an earnings release and detailed presentation announcing its financial position as of March 31, 2024 and its financial results for the quarter ended March 31, 2024.”

ASHLAND INC. updated its second quarter of fiscal year 2024 guidance (reaffirmed).

“On April 30, 2024, Ashland Inc. (“Ashland”) announced preliminary second quarter results, which are discussed in more detail in the news release (the “News Release”) attached to this Current Report on Form 8-K (“Form 8-K”) as Exhibit 99.1, which is incorporated herein by reference into this Item 2.02.”

PayPal Holdings, Inc. reported the quarter ended March 31, 2024 results: revenue $7.7 billion, EPS $0.83.

“Q1’24 revenue increased 9% to $7.7 billion; 10% on a currency-neutral basis (FXN) Q1’24 GAAP EPS increased 18% to $0.83; non-GAAP EPS increased 27% to $1.08”