secwatch / observer

Earnings Releases

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

8-K items 2.02 JSON
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.”
STEL Stellar Bancorp, Inc.

Stellar Bancorp, Inc. reported the first quarter of 2024 results: revenue $102.1 million, net income $26.1 million, EPS $0.49.

“quarter of 2024 compared to 2.03% for the fourth quarter of 2023. First Quarter 2024 Results Net interest income in the first quarter of 2024 decreased $3.8 million, or 3.6%, to $102.1 million from $105.9 million for the fourth quarter of 2023. The net interest margin on a tax equivalent basis decreased 14 basis points to 4.26% for the first quarter of 2024 from 4.40%”
First Savings Financial Group, Inc.

First Savings Financial Group, Inc. reported the three and six months ended March 31, 2024 results: net income net income of $4.9 million, or $0.72 per diluted share, for the quarter ended March 31, 2024.

“On April 25, 2024, First Savings Financial Group, Inc. announced its financial results for the three and six months ended March 31, 2024.”
AMC AMC ENTERTAINMENT HOLDINGS, INC.

AMC ENTERTAINMENT HOLDINGS, INC. reported the first quarter ended March 31, 2024 results: revenue approximately $951.4 million, net income $(163.5) million, EPS $(0.62).

“a comprehensive statement of our financial results for the quarter ended March 31, 2024. AMC expects: · Total revenues for the quarter ended March 31, 2024, to be approximately $951.4 million compared to $954.4 million for the quarter ended March 31, 2023. · Net loss for the quarter ended March 31, 2024, to be $(163.5) million, compared to a net loss of $(235.5)”
Federal Home Loan Bank of San Francisco

Federal Home Loan Bank of San Francisco reported the first quarter of 2024 results: net income $124 million.

“Net income for the first quarter of 2024 was $124 million”
CUBE CubeSmart

CubeSmart reported three months ended March 31, 2024 results: net income Net income attributable to the Company’s common shareholders was $94.5 million for the first quarter of 2024, EPS Reported diluted earnings per share attributable to the Company’s common shareholders of $0.42. Guidance reaffirmed.

“CubeSmart (the “Company”) announced its financial results for the three months ended March 31, 2024”
BOTJ BANK OF THE JAMES FINANCIAL GROUP INC

BANK OF THE JAMES FINANCIAL GROUP INC reported for the three months ended March 31, 2024 results: revenue 10.51 million, net income 2.19 million, EPS 0.48.

“2023. The recovery in 2024 was driven in part by a de cline in loans and continuing evaluation of risks inherent within the loan portfolio . Total interest income increased to $10.51 million in the first quarter of 2024 compared to $9.10 million in the first quarter of 2023 . The year-over-year increase primarily reflected the Company’s ongoing upward adjustments to”
Village Bank & Trust Financial Corp.

Village Bank & Trust Financial Corp. reported the first quarter of 2024 results: net income $1,772,000, EPS $1.19 per fully diluted share.

“Net income for the first quarter of 2024 was $1,772,000, or $1.19 per fully diluted share, compared to net income for the first quarter of 2023 of $1,540,000, or $1.04 per fully diluted share.”
PIPR PIPER SANDLER COMPANIES

PIPER SANDLER COMPANIES reported first fiscal quarter ended March 31, 2024 results: revenue $343, net income $42, EPS $2.43.

“dividends." First Quarter 2024 Results U.S. GAAP Adjusted (1) (Dollars in millions, except per share data) Q1 vs. vs. Q1 vs. vs. 2024 Q4-23 Q1-23 2024 Q4-23 Q1-23 Net revenues $343 -27 % 15 % $334 -27 % 15 % Pre-tax margin 15.3 % -2.9pp 6.6pp 16.8 % -4.9pp 2.7pp Net income attributable to Piper Sandler Companies $42 -18 % 66 % $50 -31 % 18 % Earnings per”
SAIA SAIA INC

SAIA INC reported first quarter 2024 results: revenue $754.8 million, EPS $3.38.

“$2.85 in the first quarter of 2023. Highlights from the first quarter operating results were as follows: First Quarter 2024 Compared to First Quarter 2023 Results • Revenue was $754.8 million, a 14.3% increase • Operating income was $117.9 million, an 18.9% increase • Operating ratio of 84.4% compared to 85.0% • LTL shipments per workday increased 15.7% • LTL tonnage”
OIS OIL STATES INTERNATIONAL, INC

OIL STATES INTERNATIONAL, INC reported the quarter ended March 31, 2024 results: revenue $167.3 million, net income net loss of $13.4 million, or $0.21 per diluted share, EPS $0.21 per diluted share.

“after-tax, or $0.15 per share) • Net loss of $1.9 million, or $0.03 per diluted share, excluding goodwill and other charges (a non-GAAP measure (1) ) • Consolidated revenues of $167.3 million decreased 20% sequentially, driven primarily by the timing of conversion of orders from backlog • Adjusted EBITDA (a non-GAAP measure (1) ) of $15.5 million • Received two 2024”
TROW PRICE T ROWE GROUP INC

PRICE T ROWE GROUP INC reported the first quarter of 2024 results: revenue $1.8 billion, net income $573.8 million, EPS $2.49.

“42.2 (0.1) (1) The Capital allocation-based income represents the change in accrued carried interest. The percentage change is not meaningful (n/m). Net revenues in Q1 2024 were $1.8 billion, an increase of 13.8% from Q1 2023 and an increase of 6.6% from Q4 2023. The Q1 2024 increase over Q1 2023 was primarily driven by increases in investment advisory fees on higher”
CHTR CHARTER COMMUNICATIONS, INC. /MO/

CHARTER COMMUNICATIONS, INC. /MO/ reported the three months ended March 31, 2024 results: revenue $13.7 billion, net income $1.1 billion.

“lines. • As of March 31, 2024, Charter had a total of 32.0 million residential and SMB customer relationships, excluding mobile-only relationships. • First quarter revenue of $13.7 billion grew by 0.2% year-over-year, driven by residential mobile service revenue growth of 37.8% and residential Internet revenue growth of 1.9%. • Net income attributable to Charter”
CNC CENTENE CORP

CENTENE CORP reported the first quarter ended March 31, 2024 results: revenue Total revenues (in millions) $ 40,407, EPS GAAP diluted EPS $ 2.16. Guidance raised.

“announced today its financial results for the first quarter ended March 31, 2024. In summary, the 2024 first quarter results were as follows: Total revenues (in millions) $ 40,407 Premium and service revenues (in millions) $ 36,337 Health benefits ratio 87.1 % SG&A expense ratio 8.9 % Adjusted SG&A expense ratio (1) 8.7 % GAAP diluted EPS $ 2.16 Adjusted”
FCAP FIRST CAPITAL INC

FIRST CAPITAL INC reported the quarter ended March 31, 2024 results: net income $3.0 million, EPS $0.88 per diluted share.

“First Capital, Inc. Reports Quarterly Earnings CORYDON, Ind., April 26, 2024 (GLOBE NEWSWIRE) -- First Capital, Inc. (the “Company”) (NASDAQ: FCAP), the holding company for First Harrison Bank (the “Bank”), today reported net income of $3.0 million, or $0.88 per diluted share, for the quarter ended March 31, 2024, compared to net income of $3.8 million, or $1.14 per diluted share, for the quarter ended March 31, 2023.”
CRI CARTERS INC

CARTERS INC reported first quarter fiscal 2024 results: revenue $661 million, EPS $1.04. Guidance reaffirmed.

“as amended. --- EX-99.1 (EX-99.1) --- Contact: Sean McHugh Vice President & Treasurer (678) 791-7615 Carter ’ s, Inc. Reports First Quarter Fiscal 2024 Results • Net sales $661 million vs. $696 million in Q1 2023 • Diluted EPS $1.04 vs. $0.95 in Q1 2023; adjusted diluted EPS $0.98 in Q1 2023 • Returned $38 million to shareholders through dividends and share”
HERITAGE COMMERCE CORP

HERITAGE COMMERCE CORP reported preliminary financial results for first quarter ended March 31, 2024.

“On April 25, 2024, Heritage Commerce Corp (the “Company”), the holding company for Heritage Bank of Commerce, issued a press release announcing preliminary unaudited results for the first quarter ended March 31, 2024.”
HFWA HERITAGE FINANCIAL CORP /WA/

HERITAGE FINANCIAL CORP /WA/ reported the quarter ended March 31, 2024 results: net income $5.7 million, EPS $0.16 per diluted share.

“Heritage Financial Corporation (“Heritage”) issued a press release announcing its financial results for the quarter ended March 31, 2024.”
ALV AUTOLIV INC

AUTOLIV INC reported the first quarter of 2024 results: revenue $2,615 million net sales, EPS $1.52 EPS. Guidance reaffirmed.

“EX-99.1 (EX 99.1) --- EX-99.1 2 alv-ex99_1.htm EX 99.1 EX-99.1 Exhibit 99.1 Financial Report January - March 2024 Q1 2024: Broad based improvements Financial highlights Q1 2024 $2,615 million net sales 5% net sales increase 5% organic sales growth* 7.4% operating margin 7.6% adjusted operating margin* $1.52 EPS, 77% increase $1.58 adjusted EPS*, 76% increase Full year”
NOV NOV Inc.

NOV Inc. reported first quarter 2024 results: revenue $2.16 billion, net income $119 million, EPS $0.30.

“NOV Reports first quarter 2024 Results, return of capital framework, $1 billion share repurchase authorization, and Plan to increase dividend 50% • Revenue of $2.16 billion, an increase of 10% year-over-year • Operating Profit of $162 million, an increase of $36 million year-over-year • Net Income of $119 million, down $7 million year-over-year • Fully diluted earnings per share of $0.30, down $0.02 year-over-year • Adjusted EBITDA* of $241 million, an increase of $46 million year-over-year”
SCCO SOUTHERN COPPER CORP/

SOUTHERN COPPER CORP/ reported the first quarter ended on March 31, 2024 results: revenue $2,599.8 million, net income $736.0 million.

“+(602) 264-1375 southerncopper@southernperu.com.pe www.southerncoppercorp.com ​ ● ​ ​ April 25, 2024 Southern Copper Corporation (NYSE and BVL: SCCO) ● 1Q24 net sales were $2,599.8 million, which represented growth of 13.3% with regard to 4Q23’s figure. Expansion was primarily fueled by an increase in the sales volumes of copper (+9.6%) and silver (+15.3%) and by”
TMP TOMPKINS FINANCIAL CORP

TOMPKINS FINANCIAL CORP reported first quarter of 2024 results: revenue $50.7 million, net income $16.9 million, EPS $1.18.

“Net interest income was $50.7 million for the first quarter of 2024”
TR TOOTSIE ROLL INDUSTRIES INC

TOOTSIE ROLL INDUSTRIES INC reported first quarter ended March 31, 2024 results: revenue $151,464,000, net income $15,834,000, EPS $0.22.

“First quarter 2024 net sales were $151,464,000 compared to $160,711,000 in first quarter 2023, a decrease of $9,247,000 or 6%. First quarter 2024 net earnings were $15,834,000 compared to $13,401,000 in first quarter 2023, and net earnings per share were $0.22 and $0.19 in first quarter 2024 and 2023, respectively, an increase of $0.03 per share or 16%.”
TEX TEREX CORP

TEREX CORP reported the first quarter 2024 results: revenue $1.3 billion, net income $108.5 million, EPS $1.60. Guidance raised.

“APRIL 25, 2024) --- EARNINGS RELEASE OF TEREX CORPORATION DATED APRIL 25, 2024 Document Terex Reports Strong First Quarter 2024 Results; Raises Full-Year Outlook • Sales of $1.3 billion increased 5% year-over-year • Income from operations of $158 million, up 7% year-over-year • Operating profit margin of 12.2% improved 20 bps year-over-year • Earnings per share”

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.