secwatch / observer

Earnings Releases

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

8-K items 2.02 JSON
BARNES GROUP INC

BARNES GROUP INC reported the first quarter ended March 31, 2024 results: revenue $431 million, net income $1.9 million, or $0.04 per share, EPS $0.04. Guidance reaffirmed.

“RESULTS Long-term Profitable Growth Strategy Driving a More Aerospace Oriented Business Comparisons are year-over-year unless noted otherwise First Quarter 2024: • Sales of $431 million, up 28%; Organic Sales up 4% • Operating Margin of 9.2%; Adjusted Operating Margin of 11.9%, up 80 bps • Adjusted EBITDA Margin of 18.7%, up 130 bps • GAAP EPS of $0.04; Adjusted”
BALL BALL Corp

BALL Corp reported financial results for first quarter ended March 31, 2024.

“On April 26, 2024, Ball Corporation (“Ball") issued a press release and will hold a conference call regarding its financial results for the first quarter ended March 31, 2024.”
TNET TRINET GROUP, INC.

TRINET GROUP, INC. reported the first quarter ended March 31, 2024 results: revenue $1.3 Billion, EPS $1.78.

“TriNet Announces First Quarter 2024 Results 1% Growth in Total Revenues to $1.3 Billion 4% Growth in Professional Service Revenues to $214 million Net Income per Diluted Share of $1.78 and Adjusted Net Income per Diluted Share $2.16”
EAF GRAFTECH INTERNATIONAL LTD

GRAFTECH INTERNATIONAL LTD reported first quarter of 2024 (three months ended March 31, 2024) results: revenue $137 million, net income $31 million loss, EPS $0.12 loss per share.

“Net sales for the first quarter of 2024 were $137 million, a decrease of 2% compared to $139 million in the first quarter of 2023. The decline primarily reflected a decrease in the weighted-average realized price for volume derived from short-term agreements and spot sales ("non-LTA") and a shift in the mix of our business from volume derived from our take-or-pay agreements that had initial terms of three-to-five years ("LTA") to non-LTA volume. These factors were offset by a 43% increase in sales volume in the first quarter of 2024, compared to the same period in 2023. Net loss for the first quarter of 2024 was $31 million, or $0.12 per share.”
CVX CHEVRON CORP

CHEVRON CORP reported first quarter 2024 results: EPS $2.97 per share - diluted.

“On April 26, 2024 , Chevron Corporation (the “Company”) issued a news release announcing unaudited first quarter 2024 earnings of $5.5 billion.”
AVB AVALONBAY COMMUNITIES INC

AVALONBAY COMMUNITIES INC reported first quarter 2024 results: EPS EPS $ 1.22.

“On April 25, 2024 , AvalonBay Communities, Inc. issued a press release announcing its first quarter 2024 operating results.”
PPIH Perma-Pipe International Holdings, Inc.

Perma-Pipe International Holdings, Inc. reported its fiscal fourth quarter and 2023 fiscal year ended January 31, 2024 results: revenue $ 40.2 million for the quarter and $ 150.7 million for the year, net income $ 8.6 million for the quarter and $ 10.5 million for the year.

“(847) 929-1200 investor@permapipe.com Perma-Pipe International Holdings, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results • The Company generated net sales of $ 40.2 million for the quarter and $ 150.7 million for the year • Income before income taxes of $ 3.2 million for the quarter and $ 9.9 million for the year • Net income of $ 8.6 million for”
FCN FTI CONSULTING, INC

FTI CONSULTING, INC reported first quarter ended March 31, 2024 results: revenue $928.6 million, net income $80.0 million, EPS $2.23.

“First quarter 2024 revenues of $928.6 million increased $121.8 million, or 15.1%, compared to revenues of $806.7 million in the prior year quarter.”
GLBZ GLEN BURNIE BANCORP

GLEN BURNIE BANCORP reported first quarter ended March 31, 2024 results: net income $3,000, EPS $0 per basic and diluted common share.

“Net income for the first quarter was $3,000, or $0 per basic and diluted common share, as compared to $0.44 million, or $0.15 per basic and diluted common share for the three-month period ended March 31, 2023.”
FCN FTI CONSULTING, INC

FTI CONSULTING, INC reported financial results for First Quarter 2024.

“ITEM 2.02. Results of Operations and Financial Condition FTI Consulting, Inc. (“FTI Consulting”) uses a presentation from time to time in its discussions with investors and analysts (the “Presentation”). The Presentation includes FTI Consulting’s past and present financial results, operating data and other information. A copy of the Presentation is furnished as Exhibit 99.1 and has been posted to the FTI Consulting website at www.fticonsulting.com.”
VRTS VIRTUS INVESTMENT PARTNERS, INC.

VIRTUS INVESTMENT PARTNERS, INC. reported the three months ended March 31, 2024 results: revenue $ 222.0, net income $ 29.9, EPS $ 4.10.

“(in millions, except per share data or as noted) Three Months Ended Three Months Ended 3/31/2024 3/31/2023 Change 12/31/2023 Change U.S. GAAP Financial Measures Revenues $ 222.0 $ 197.9 12 % $ 214.6 3 % Operating expenses $ 189.7 $ 169.3 12 % $ 175.6 8 % Operating income (loss) $ 32.3 $ 28.6 13 % $ 39.0 (17 %) Operating margin 14.5 % 14.4 % 18.2 % Net”
ROP ROPER TECHNOLOGIES INC

ROPER TECHNOLOGIES INC reported the first quarter ended March 31, 2024 results: revenue $1.68 billion, net income $382 million, EPS $3.54. Guidance raised.

“First quarter 2024 highlights • Revenue increased 14% to $1.68 billion; organic revenue increased 8% • GAAP DEPS increased 33% to $3.54; adjusted DEPS increased 13% to $4.41 • GAAP net earnings increased 34% to $382 million • Adjusted EBITDA increased 16% to $676 million • Operating cash flow increased 14% to $531 million”
EFSI EAGLE FINANCIAL SERVICES INC

EAGLE FINANCIAL SERVICES INC reported quarter ended March 31, 2024 results: net income $2.5 million, EPS $0.72.

“Earnings per share increased by $0.03 for the quarter to $0.72.”
EFSI EAGLE FINANCIAL SERVICES INC

EAGLE FINANCIAL SERVICES INC reported first quarter 2024 results: net income $2.5 million, EPS $0.72.

“Net income for the quarter ended March 31, 2024 was $2.5 million”
WT WisdomTree, Inc.

WisdomTree, Inc. reported the three months ended March 31, 2024 results: revenue $96.8 million, net income $22.1 million, EPS $0.13.

“of net inflows , primarily driven by inflows into our international developed equity and U.S. equity products. 0.36% average advisory fee , unchanged from the prior quarter. $96.8 million of operating revenues , an increase of 6.6% from the prior quarter primarily due to higher average AUM. 79.4% gross margin (1) , a 0.3 point decrease from the prior quarter due”
HCA HCA Healthcare, Inc.

HCA Healthcare, Inc. reported the first quarter ended March 31, 2024 results: revenue $17.339 billion, net income $1.591 billion, EPS $5.93 per diluted share. Guidance reaffirmed.

“HCA Healthcare, Inc. (NYSE: HCA) today announced financial and operating results for the first quarter ended March 31, 2024. Key first quarter metrics (all percentage changes compare 1Q 2024 to 1Q 2023 unless otherwise noted): ● Revenues totaled $17.339 billion ● Net income attributable to HCA Healthcare, Inc. totaled $1.591 billion, or $5.93 per diluted share”
NWL NEWELL BRANDS INC.

NEWELL BRANDS INC. reported first quarter 2024 results: revenue $1.7 billion, net income $9 million, EPS $0.02. Guidance reaffirmed.

“due to the seasonality of the business. With a stronger than anticipated start to the year we remain confident in our full year outlook." Executive Summary – Net sales were $1.7 billion, a decline of 8.4 percent compared with the prior year period. Core sales declined 4.7 percent compared with the prior year period. – Reported gross margin increased to 30.5”
OPY OPPENHEIMER HOLDINGS INC

OPPENHEIMER HOLDINGS INC reported first quarter 2024 results: revenue $353.1 million, net income $26.1 million, EPS $2.50 basic earnings per share.

“Oppenheimer Holdings Inc. Reports First Quarter 2024 Earnings New York, April 26, 2024 – Oppenheimer Holdings Inc. (NYSE: OPY) (the "Company" or "Firm") today reported net income of $26.1 million or $2.50 basic earnings per share for the first quarter of 2024, an increase of approximately 78.2%, compared with net income of $14.6 million or $1.32 basic earnings per share for the first quarter of 2023. Revenue for the first quarter of 2024 was $353.1 million, an increase of 9.8%, compared to revenue of $321.7 million for the first quarter of 2023.”
POR PORTLAND GENERAL ELECTRIC CO /OR/

PORTLAND GENERAL ELECTRIC CO /OR/ reported the three months ended March 31, 2024 results: net income $109 million, or $1.08 per diluted share, EPS $1.08 per diluted share (GAAP). Guidance reaffirmed.

“Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $109 million, or $1.08 per diluted share, for the first quarter of 2024.”
HTO H2O AMERICA

H2O AMERICA reported the quarter ended March 31, 2024 results: revenue $149.4 million, net income $11.7 million, EPS $0.36. Guidance reaffirmed.

“last year. Diluted EPS for the quarter ended March 31, 2024 was $0.36, or a 3% decrease compared to $0.37 in the same quarter last year. Operating revenue for first quarter was $149.4 million, compared to $137.3 million for the same quarter last year. The increase was largely driven by rate increases of $10 million, primarily in California, increases in the”
KTCC KEY TRONIC CORP

KEY TRONIC CORP reported three months ended March 30, 2024 results: revenue approximately $140 million, EPS ($0.18) to ($0.23) per share.

“today announced its preliminary results for the three months ended March 30, 2024. For the third quarter of fiscal 2024, Key Tronic expects to report revenue of approximately $140 million, in line with revenue expectations, and a net loss of approximately ($0.18) to ($0.23) per share, which is below expectations. The lower than expected earnings are primarily a”
MOG-A MOOG INC.

MOOG INC. reported fiscal year 2024 results: revenue $ 3,550, EPS $ 6.87. Guidance raised.

“FY 2024 Guidance Current Previous Net sales $ 3,550 $ 3,500 Operating margin 11.9 % 12.0 % Adjusted operating margin 12.4 % 12.0 % Diluted net earnings per share* $ 6.87 $ 6.86 Adjusted diluted net earnings per share* $ 7.25 $ 6.90 *Diluted net earnings per share figures for 2024 are forecasted to be within range of +/- $0.20.”
MOG-A MOOG INC.

MOOG INC. reported the quarter ended March 30, 2024 results: revenue $930 million, EPS $1.86.

“Quarter Highlights • Net sales of $930 million increased 11% compared to the prior year's quarter, with increases in all four segments, including a 26% increase in Commercial Aircraft. • Operating margin of 12.0% increased 200 basis points. Business performance across all segments contributed an incremental 165 basis points. Also, the current quarter included a 150 basis point benefit from the Employee Retention Credit associated with the CARES Act. The current quarter also included 115 basis points of higher impairments and restructuring. • Adjusted operating margin of 13.6% increased 320 basis points, driven by the underlying business performance, as well as the Employee Retention Credit. • Diluted earnings per share of $1.86 increased 39% due to the higher operating profit and the Employee Retention Credit, partially offset by the current quarter's restructuring and impairment charges. • Adjusted diluted earnings per share of $2.19 increased 54%, reflecting earnings associated from”
IMO IMPERIAL OIL LTD

IMPERIAL OIL LTD reported the fiscal quarter ended March 31, 2024 results: net income $1,195 million, EPS $2.23 per share on a diluted basis.

“Imperial announces first quarter 2024 financial and operating results • Quarterly net income of $1,195 million”
FHB FIRST HAWAIIAN, INC.

FIRST HAWAIIAN, INC. reported financial results for the quarter ended March 31, 2024.

“On April 26, 2024, First Hawaiian, Inc. (together with its consolidated subsidiary, "First Hawaiian") reported its earnings for the quarter ended March 31, 2024.”
GNTX GENTEX CORP

GENTEX CORP reported first quarter ended March 31, 2024 results: revenue $590.2 million, net income $108.2 million, EPS $0.47.

“car, dimmable glass and fire protection technologies, today reported financial results for the three months ended March 31, 2024. 1st Quarter 2024 Summary • Net sales of $590.2 million, a new quarterly sales record, and a 7% increase compared to the first quarter of 2023 • Gross profit margin of 34.3%, an increase of 260 basis points from the first quarter of”
XOM EXXON MOBIL CORP

EXXON MOBIL CORP reported first quarter of 2024 results: net income $8,220 million, EPS $2.06 per share assuming dilution.

“ExxonMobil Announces First-Quarter 2024 Results • Generated strong first-quarter earnings of $8.2 billion and $14.7 billion of cash flow from operating activities”
DAIO DATA I/O CORP

DATA I/O CORP reported financial results for first quarter 2024.

“A press release announcing first quarter 2024 results was made April 25, 2024”
AN AUTONATION, INC.

AUTONATION, INC. reported the fiscal quarter ended March 31, 2024 results: revenue $6.5 billion, net income $ 190.1, EPS $4.49.

“Lisa Rhodes Ryans (954) 769-4120 publicrelations@autonation.com AutoNation Reports First Quarter 2024 Results • Q1 2024 EPS $4.49, compared to $6.07 a year ago • Q1 2024 Revenue $6.5 billion, compared to $6.4 billion a year ago • Q1 2024 After-Sales gross profit increased 9% from a year ago to a record $556 million • Year-to-date through April 24, 2024, repurchased”
AON Aon plc

Aon plc reported financial results for the quarter ended March 31, 2024.

“Aon plc issued a press release (the “Press Release”) announcing its results of operations for the quarter ended March 31, 2024.”
SXT SENSIENT TECHNOLOGIES CORP

SENSIENT TECHNOLOGIES CORP reported the quarter ended March 31, 2024 results: revenue $384.7 million, EPS 73 cents. Guidance raised.

“and personal care markets, today reported financial results for the first quarter ended March 31, 2024. First Quarter Consolidated Results • Reported revenue increased 4.2% to $384.7 million in the first quarter of 2024 versus last year’s first quarter results of $369.0 million. On a local currency basis (1) , revenue increased 3.8%. • Reported operating income”
CL COLGATE PALMOLIVE CO

COLGATE PALMOLIVE CO reported the quarter ended March 31, 2024 results: revenue $5,065, EPS $0.83.

“• The Company updated its financial guidance for full year 2024 First Quarter Total Company Results (GAAP) ($ in millions except per share amounts) 2024 2023 Change Net Sales $5,065 $4,770 +6.2 % EPS (diluted) $0.83 $0.45 +84 % First Quarter Total Company Results (Base Business - Non-GAAP)* 2024 2023 Change Organic Sales Growth +9.8 % Base Business EPS”
NWE NorthWestern Energy Group, Inc.

NorthWestern Energy Group, Inc. reported the three months ended March 31, 2024 results: net income $65.1 million, EPS $1.06 per diluted share. Guidance reaffirmed.

“NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (Nasdaq: NWE) reported financial results for the three months ended March 31, 2024. Net income for the period was $65.1 million, or $1.06 per diluted share, as compared with net income of $62.5 million, or $1.05 per diluted share, for the same period in 2023.”
BHRB Burke & Herbert Financial Services Corp.

Burke & Herbert Financial Services Corp. reported the quarter ended March 31, 2024 results: net income $5.2 million, EPS $0.69 per diluted share.

“Net income totaled $5.2 million for the quarter, compared to $5.1 million the previous quarter and $7.5 million for the same quarter in 2023. Diluted earnings per share for the quarter was $0.69, compared to $0.67 the previous quarter and $1.00 for the same quarter in 2023.”
TVGN Tevogen Bio Holdings Inc.

Tevogen Bio Holdings Inc. reported preliminary financial results for the year ended December 31, 2023.

“On April 26, 2024, Tevogen Bio Holdings Inc. (the “Company”) issued a press release announcing certain expected pro forma combined financial results of the Company and the Company’s wholly owned subsidiary, Tevogen Bio Inc. (“Tevogen Bio”), and certain expected financial results of Tevogen Bio as of and for the year ended December 31, 2023.”
NECB NorthEast Community Bancorp, Inc./MD/

NorthEast Community Bancorp, Inc./MD/ reported the three months ended March 31, 2024 results: net income $11.4 million, EPS $0.86 per diluted share.

“NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $11.4 million, or $0.87 per basic share and $0.86 per diluted share, for the three months ended March 31, 2024 compared to net income of $11.2 million, or $0.77 per basic and diluted share, for the three months ended March 31, 2023.”
NXDR Nextdoor Holdings, Inc.

Nextdoor Holdings, Inc. updated its first quarter ended March 31, 2024 guidance (raised).

“The Company preliminarily expects that its revenue will exceed, and its adjusted EBITDA loss will be narrower than, the previously reported guidance.”
AFBI Affinity Bancshares, Inc.

Affinity Bancshares, Inc. reported the quarter ended March 31, 2024 results: net income net income of $1.3 million, EPS $0.20.

“On April 26, 2024, Affinity Bancshares, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2024.”
MRBK Meridian Corp

Meridian Corp reported First Quarter 2024 results: net income $ 2,676, EPS $ 0.24.

“Meridian Corporation Reports First Quarter 2024 Results and Announces a Quarterly Dividend of $0.125 per Common Share. MALVERN, PA., April 26, 2024 — Meridian Corporation (Nasdaq: MRBK) today reported: Three Months Ended (Dollars in thousands, except per share data)((Unaudited) March 31, 2024 December 31, 2023 March 31, 2023 Income: Net income $ 2,676 $ 571 $ 4,021 Diluted earnings per common share $ 0.24 $ 0.05 $ 0.34”
Greenbrook TMS Inc.

Greenbrook TMS Inc. reported the fiscal year ended December 31, 2023 results: revenue $73.8 million, net income $49.3 million, EPS $(1.25).

“are in United States dollars, unless otherwise stated. FISCAL 2023 OPERATIONAL AND FINANCIAL HIGHLIGHTS · Consolidated revenue increased by 10% in Fiscal 2023 to a record $73.8 million, up $7 million as compared to the fiscal year ended December 31, 2022 (“ Fiscal 2022 ”) despite the closure of 53 treatment centers (approximately 29% of active treatment”
AVTR Avantor, Inc.

Avantor, Inc. reported first fiscal quarter ended March 31, 2024 results: revenue $1.68 billion, net income $60.4 million, EPS $0.09. Guidance reaffirmed.

“Act of 1933, except as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Avantor® Reports First Quarter 2024 Results • Net sales of $1.68 billion, decrease of 5.6%; organic decline of 6.3% • Net income of $60 million; Adjusted EBITDA of $283 million • Diluted GAAP EPS of $0.09; adjusted EPS of $0.22 • Operating cash flow”
CBFV CB Financial Services, Inc.

CB Financial Services, Inc. reported three months ended March 31, 2024 results: net income $ 4,196, EPS $ 0.82.

“CB Financial Services, Inc. (“CB” or the “Company”) (NASDAQGM: CBFV), the holding company of Community Bank (the “Bank”), today announced its first quarter 2024 financial results.”
CVEO Civeo Corp

Civeo Corp reported full year 2024 results: revenue 625 million to $700 million. Guidance reaffirmed.

“Civeo is maintaining its previously provided revenue and Adjusted EBITDA guidance ranges of $625 million to $700 million and $80 million to $90 million, respectively.”
CVEO Civeo Corp

Civeo Corp reported first quarter ended March 31, 2024 results: revenue 166.1 million, net income net loss of $5.1 million, EPS ($0.35) per diluted share.

“Civeo generated revenues of $166.1 million and reported a net loss of $5.1 million, or $0.35 per diluted share.”
GLPI Gaming & Leisure Properties, Inc.

Gaming & Leisure Properties, Inc. reported the quarter ended March 31, 2024 results: revenue $376.0 million, net income $179.5 million, EPS $0.64 per diluted share. Guidance reaffirmed.

“impact of a nearly $29 million year-over-year change in our reserve for credit losses, net. On an operating basis, first quarter total revenue rose 5.8% year over year to $376.0 million and AFFO grew 4.0%. Our first quarter growth reflects GLPI’s stable portfolio of gaming operator tenants combined with our liquidity and capital markets discipline. Collectively,”
ABBV AbbVie Inc.

AbbVie Inc. reported the first quarter ended March 31, 2024 results: revenue $12.310 Billion, EPS Diluted EPS of $0.77 on a GAAP Basis. Guidance raised.

“Decrease of 6.1 Percent; These Results Include an Unfavorable Impact of $0.08 Per Share Related to Acquired IPR&D and Milestones Expense • Delivers First-Quarter Net Revenues of $12.310 Billion, an Increase of 0.7 Percent on a Reported Basis and 1.6 Percent on an Operational Basis • First-Quarter Global Net Revenues from the Immunology Portfolio Were $5.371 Billion, a”
PSX Phillips 66

Phillips 66 reported quarter ended March 31, 2024 results: net income first-quarter earnings of $748 million, EPS $1.73 per share.

“Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress First-Quarter Results • First-quarter earnings of $748 million or $1.73 per share; adjusted earnings of $822 million or $1.90 per share”
U.S. SILICA HOLDINGS, INC.

U.S. SILICA HOLDINGS, INC. reported the quarter ended March 31, 2024 results: revenue $325.9, net income $13.7 million, or $0.17 per diluted share.

“principal repayment, extinguishing the debt at par using excess cash on hand. Total Company In millions Q1 2024 Q4 2023 Sequential Change Q1 2023 Year-over-year Change Revenue $ 325.9 $ 336.0 (3)% $ 442.2 (26)% Net Income $ 13.7 $ 29.1 (53)% $ 44.6 (69)% Tons Sold 4.092 3.865 6% 4.934 (17)% Contribution Margin* $ 105.5 $ 116.9 (10)% $ 152.8 (31)% Adjusted”
LYB LyondellBasell Industries N.V.

LyondellBasell Industries N.V. reported the quarter ended March 31, 2024 results: revenue $9,925, net income $473 million, EPS $1.44 per share.

“NEWS RELEASE FOR IMMEDIATE RELEASE HOUSTON and LONDON, April 26, 2024 LyondellBasell Reports First Quarter 2024 Earnings First Quarter 2024 Highlights • Net Income: $473 million, $501 million excluding identified items (a) • Diluted earnings per share: $1.44 per share; $1.53 per share excluding identified items • EBITDA: $1.0 billion, $1.1 billion excluding identified items • Cash used by operating activities: $114 million • Cash provided by operating activities of $4.3 billion over last 12 months resulting in 93% cash conversion (b) • Returned $408 million in dividends to shareholders Comparisons with the prior quarter and first quarter 2023 are available in the following table: Table 1 - Earnings Summary Millions of U.S. dollars (except share data) Three Months Ended March 31, 2024 December 31, 2023 March 31, 2023 Sales and other operating revenues $9,925 $9,929 $10,247 Net income 473 185 474 Diluted earnings per share 1.44 0.56 1.44 Weighted average diluted share count 326 326 327 E”
HFBL Home Federal Bancorp, Inc. of Louisiana

Home Federal Bancorp, Inc. of Louisiana reported financial results for the three and nine months ended March 31, 2024.

“On April 26, 2024, Home Federal Bancorp, Inc. of Louisiana (the “Company”) reported its results of operations for the three and nine months ended March 31, 2024.”

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.