secwatch / observer

Earnings Releases

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

8-K items 2.02 JSON
SAM BOSTON BEER CO INC

BOSTON BEER CO INC reported first quarter ended March 30, 2024 results: revenue $426.1 million, net income $12.6 million, EPS $1.04. Guidance reaffirmed.

“Net revenue of $426.1 million increased 3.9% • Gross margin of 43.7% up 570 basis points year over year • Net income of $12.6 million • Diluted income per share of $1.04”
FIRST BANCSHARES INC /MS/

FIRST BANCSHARES INC /MS/ reported first quarter ended March 31, 2024 results: net income Net income available to common shareholders totaled $20.6 million for the quarter ended March 31, 2024, EPS diluted earnings per share were $0.65.

“The First Bancshares, Inc. issued a press release announcing its results of operations for the first quarter of 2024.”
POOL POOL CORP

POOL CORP reported first quarter of 2024 results: revenue $1.1 billion, net income $78.9 million, EPS $2.04. Guidance reaffirmed.

“2 pool-q12024xer.htm POOL Q1 2024 EARNINGS RELEASE Document Exhibit 99.1 FOR IMMEDIATE RELEASE POOL CORPORATION REPORTS FIRST QUARTER RESULTS Highlights • Net sales of $1.1 billion exceeded $1.0 billion in the first quarter for the fourth consecutive year • Operating income of $108.7 million with a solid operating margin of 9.7% • Net cash provided by”
CBZ CBIZ, Inc.

CBIZ, Inc. reported the first quarter ended March 31, 2024 results: revenue $494.3 million, net income $76.9 million, EPS $1.53 per diluted share. Guidance reaffirmed.

“CBIZ, Inc., (NYSE: CBZ) (“CBIZ” or the “Company”), a leading provider of financial, insurance and advisory services, today announced results for the first quarter ended March 31, 2024. For the 2024 first quarter, CBIZ recorded revenue of $494.3 million, an increase of $39.7 million, or 8.7%, compared with $454.6 million reported for the same period in 2023. Acquired operations contributed $12.8 million, or 2.8%, to first-quarter 2024 revenue growth. Same-unit revenue increased by $26.9 million, or 5.9%, for the quarter, compared with the same period a year ago. Net income was $76.9 million, or $1.53 per diluted share, compared with $73.2 million, or $1.44 per diluted share, for the same period a year ago.”
RMD RESMED INC

RESMED INC reported the quarter ended March 31, 2024 results: revenue $1.2 billion, EPS $2.04.

“he prior year period • Revenue increased by 7% to $1.2 billion; up 7% on a constant currency basis • Gross margin grew 260 bps to 57.9%; non-GAAP gross margin grew”
HUBG Hub Group, Inc.

Hub Group, Inc. reported first quarter 2024 results: revenue $1.0 billion, net income $27 million, EPS $0.44 per diluted share. Guidance reaffirmed.

“EdgarFiling EXHIBIT 99.1 Hub Group, Inc. Reports First Quarter 2024 Results Highlights: Diluted earnings per share (EPS) of $0.44 for the quarter First quarter revenue of $1.0 billion GAAP Quarterly operating income of $37 million (3.7% of revenue) Executing on Capital Allocation Plan including completing our stock split, purchasing $26 million of shares”
ERIE ERIE INDEMNITY CO

ERIE INDEMNITY CO reported the quarter ended March 31, 2024 results: net income $124.6 million, EPS $2.38 per diluted share.

“Erie Indemnity Company (the “Company”) issued a press release announcing financial results for the quarter ended March 31, 2024.”
COF CAPITAL ONE FINANCIAL CORP

CAPITAL ONE FINANCIAL CORP reported the first quarter ended March 31, 2024 results: net income $1.3 billion, or $3.13 per diluted common share, EPS $3.13 per diluted common share.

“Capital One Financial Corporation (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.”
LUV SOUTHWEST AIRLINES CO

SOUTHWEST AIRLINES CO reported first quarter 2024 results: revenue $6.3 billion, net income $231 million, EPS $0.39 loss per diluted share.

“Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its first quarter 2024 financial results: • Net loss of $231 million, or $0.39 loss per diluted share • Net loss, excluding special items 1 , of $218 million, or $0.36 loss per diluted share • Record first quarter operating revenues of $6.3 billion”
IMAX IMAX CORP

IMAX CORP reported financial results for first quarter of 2024.

“On April 25, 2024, IMAX Corporation (the "Company") issued a press release announcing the Company’s financial and operating results for the quarter ended March 31, 2024”
RBCAA REPUBLIC BANCORP INC /KY/

REPUBLIC BANCORP INC /KY/ reported the quarter ended March 31, 2024 results: net income $30.6 million, EPS $1.58 per share.

“Republic Bancorp, Inc. Reports First Quarter 2024 Net Income of $30.6 Million”
LH LABCORP HOLDINGS INC.

LABCORP HOLDINGS INC. reported first quarter ended March 31, 2024 results: revenue $3.18 billion, net income $228.3 million, EPS $2.69. Guidance raised.

“Labcorp Announces 2024 First Quarter Results Updates Full-Year Guidance • Results from Continuing Operations for first quarter 2024 versus last year: ◦ Revenue: $3.18 billion versus $3.04 billion or up 4.6% | Base Business grew 6.7% ◦ Diluted EPS: $2.69 versus $2.34 ◦ Adjusted EPS: $3.68 versus $3.46 • Full-Year 2024 Guidance: Raised midpoint and”
EMN EASTMAN CHEMICAL CO

EASTMAN CHEMICAL CO reported full-year 2024 results: EPS $7.25 to $8.00. Guidance reaffirmed.

“we continue to expect 2024 EPS to be between $7.25 and $8.00 and for 2024 cash from operations to be approximately $1.4 billion.”
EMN EASTMAN CHEMICAL CO

EASTMAN CHEMICAL CO reported Q1 2023 results: revenue $2,412 million, EPS $1.12.

“Sales revenue $2,310 $2,412 Earnings before interest and taxes ("EBIT") 263 246 Adjusted EBIT* 274 283 Earnings per diluted share 1.39 1.12 Adjusted earnings per diluted share* 1.61 1.63 Net cash used in operating activities (16) (2)”
EMN EASTMAN CHEMICAL CO

EASTMAN CHEMICAL CO reported Q1 2024 results: revenue $2,310 million, EPS $1.39.

“Sales revenue $2,310 $2,412 Earnings before interest and taxes ("EBIT") 263 246 Adjusted EBIT* 274 283 Earnings per diluted share 1.39 1.12 Adjusted earnings per diluted share* 1.61 1.63 Net cash used in operating activities (16) (2)”
DAR DARLING INGREDIENTS INC.

DARLING INGREDIENTS INC. reported first quarter ended March 30, 2024 results: revenue $1.4 billion, net income $81.2 million, EPS $0.50 per GAAP diluted share. Guidance reaffirmed.

“The company also reported net sales of $1.4 billion for the first quarter of 2024”
TSCO TRACTOR SUPPLY CO /DE/

TRACTOR SUPPLY CO /DE/ reported first quarter ended March 30, 2024 results: revenue $3.39 billion, net income $198.2 million, EPS $1.83. Guidance reaffirmed.

“Tractor Supply Company (NASDAQ: TSCO) , the largest rural lifestyle retailer in the United States (the “Company”), today reported financial results for its first quarter ended March 30, 2024. l Net Sales Increase of 2.9% to $3.39 Billion l Comparable Store Sales Increase of 1.1%, Led by Transaction Growth l Diluted Earnings per Share (“EPS”) of $1.83, a 10.9% Increase Over Prior Year l Company Reiterates 2024 Financial Outlook”
AOS SMITH A O CORP

SMITH A O CORP reported the quarter ended March 31, 2024 results: revenue $978.8 million, net income $147.6 million, EPS $1.00. Guidance reaffirmed.

“April 25, 2024 A. O. Smith Reports Strong First Quarter Performance First Quarter 2024 Highlights (Comparisons are year-over-year (“YoY”), unless otherwise noted) • Sales of $979 million, an increase of 1% • Earnings per share (EPS) of $1.00, a YoY increase of 19% and an increase of 6% compared to prior year adjusted EPS • Strong operating cash flow of $107”
ORKA Oruka Therapeutics, Inc.

Oruka Therapeutics, Inc. reported financial results for first quarter 2024.

“ARCA biopharma, Inc. (Nasdaq: ABIO), (the “Company”) a biopharmaceutical company applying a precision medicine approach to developing genetically targeted therapies for cardiovascular diseases, today reported first quarter 2024 financial results and provided a corporate update.”
CWST CASELLA WASTE SYSTEMS INC

CASELLA WASTE SYSTEMS INC reported three-month period ended March 31, 2024 results: revenue $341.0 million, net income $(4.1) million, EPS $(0.07) per diluted common share. Guidance reaffirmed.

“services company, today reported its financial results for the three-month period ended March 31, 2024. Highlights for the Three Months Ended March 31, 2024: • Revenues were $341.0 million for the quarter, up $78.4 million, or up 29.9%, from the same period in 2023. • Overall solid waste pricing was up 5.5% from the same period in 2023, driven by 6.2% collection”
BYD BOYD GAMING CORP

BOYD GAMING CORP reported first quarter ended March 31, 2024 results: revenue $960.5 million, net income $136.5 million, EPS $1.40 per share.

“Boyd Gaming reported first-quarter 2024 revenues of $960.5 million versus $964.0 million in the first quarter of 2023. The Company reported net income of $136.5 million, or $1.40 per share, for the first quarter of 2024, compared to $199.7 million, or $1.93 per share, for the year-ago period.”
ATR APTARGROUP, INC.

APTARGROUP, INC. reported the quarter ended March 31, 2024 results: revenue $915 million, net income $83 million, EPS $1.23. Guidance reaffirmed.

“year quarter, driven by improved operational performance and cost management efforts First Quarter Results For the quarter ended March 31, 2024, reported sales increased 6% to $915 million compared to $860 million in the prior year. Core sales, excluding the impact from changes in currency exchange rates and acquisitions, increased 5%. First Quarter Segment Sales”
OVBC OHIO VALLEY BANC CORP

OHIO VALLEY BANC CORP reported the quarter ended March 31, 2024 results: net income $2,793,000, EPS $.58.

“Ohio Valley Banc Corp. [Nasdaq: OVBC] (the “Company”) reported consolidated net income for the quarter ended March 31, 2024, of $2,793,000”
UVE UNIVERSAL INSURANCE HOLDINGS, INC.

UNIVERSAL INSURANCE HOLDINGS, INC. reported financial results for the fiscal quarter ended March 31, 2024.

“On April 25, 2024, Universal Insurance Holdings, Inc. issued a press release announcing its financial results for the fiscal quarter ended March 31, 2024.”
MTX MINERALS TECHNOLOGIES INC

MINERALS TECHNOLOGIES INC reported the first quarter ended March 31, 2024 results: revenue $535 million, EPS $1.49.

“Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today reported diluted earnings per share of $1.49 for the first quarter ended March 31, 2024, excluding special items. Reported diluted earnings per share were $1.44. Worldwide net sales were $535 million”
COLB COLUMBIA BANKING SYSTEM, INC.

COLUMBIA BANKING SYSTEM, INC. reported financial results for first quarter 2024.

“On April 25, 2024, Columbia Banking System, Inc. issued a press release announcing first quarter 2024 financial results.”
GILD GILEAD SCIENCES, INC.

GILEAD SCIENCES, INC. reported the quarter ended March 31, 2024 results: revenue $6.7 billion, EPS $(3.34).

“providing updates on this and our broad Oncology portfolio throughout the rest of 2024.” First Quarter 2024 Financial Results • Total first quarter 2024 revenue increased 5% to $6.7 billion, compared to the same period in 2023, primarily due to higher HIV, Oncology and Liver Disease sales. • Diluted (loss) earnings per share (“EPS”) was $(3.34) in the first quarter”
RCL ROYAL CARIBBEAN CRUISES LTD

ROYAL CARIBBEAN CRUISES LTD reported Second Quarter 2024 results: EPS $2.65 to $2.75. Guidance initiated.

“the company expects second quarter Adjusted EPS to be in the range of $2.65 to $2.75.”
RCL ROYAL CARIBBEAN CRUISES LTD

ROYAL CARIBBEAN CRUISES LTD reported Full Year 2024 results: EPS $10.70 - $10.90. Guidance raised.

“the company is increasing 2024 adjusted EPS guidance to $10.70 - $10.90 per share.”
RCL ROYAL CARIBBEAN CRUISES LTD

ROYAL CARIBBEAN CRUISES LTD reported first quarter of 2024 results: revenue $3.7 billion, net income $360 million or $1.35 per share, EPS $1.35 per share. Guidance reaffirmed.

“("NCC"), excluding Fuel, per APCD increased 4.1% in Constant-Currency (4.2% as-reported), which benefited from 325 bps of favorable timing of expenses. • Total revenues were $3.7 billion, Net Income was $360 million or $1.35 per share, Adjusted Net Income was $478 million or $1.77 per share, Adjusted EBITDA was $1.2 billion, and Operating cash flow was $1.3”
RCL ROYAL CARIBBEAN CRUISES LTD

ROYAL CARIBBEAN CRUISES LTD reported the quarter ended March 31, 2024 results: revenue $3.7 billion, net income $360 million or $1.35 per share, EPS $1.35.

“("NCC"), excluding Fuel, per APCD increased 4.1% in Constant-Currency (4.2% as-reported), which benefited from 325 bps of favorable timing of expenses. • Total revenues were $3.7 billion, Net Income was $360 million or $1.35 per share, Adjusted Net Income was $478 million or $1.77 per share, Adjusted EBITDA was $1.2 billion, and Operating cash flow was $1.3”
ATNI ATN International, Inc.

ATN International, Inc. reported the three months ended March 31, 2024 results: revenue $186.8 million, net income $(6.3) million, or a $(0.50) loss per share, EPS $(0.50) loss per share. Guidance lowered.

“and “Glass & Steel TM ” Strategies Drive Continued Year-Over-Year Growth in High-Speed Data Subscribers and Network Reach · First quarter revenues increased 1% to $186.8 million · Total high-speed broadband subscribers increased by 12% · Broadband homes passed by high-speed data services expanded by 28% · Capital expenditures were $36.0 million (net”
ULBI ULTRALIFE CORP

ULTRALIFE CORP reported financial results for first quarter ended March 31, 2024.

“On April 25, 2024, Ultralife Corporation issued a press release regarding the financial results for its first quarter ended March 31, 2024.”
HIG HARTFORD INSURANCE GROUP, INC.

HARTFORD INSURANCE GROUP, INC. reported the quarterly period ended March 31, 2024 results: net income $748 million, EPS $2.47 per diluted share.

“First quarter 2024 net income available to common stockholders of $748 million ($2.47 per diluted share)”
HLX HELIX ENERGY SOLUTIONS GROUP INC

HELIX ENERGY SOLUTIONS GROUP INC reported first quarter 2024 results: revenue $296,211, net income a net loss of $26.3 million, or $(0.17) per diluted share, EPS $(0.17) per diluted share.

“​ Summary of Results ​ ($ in thousands, except per share amounts, unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ 3/31/2024 ​ 3/31/2023 ​ 12/31/2023 ​ Revenues ​ $ 296,211 ​ $ 250,084 ​ $ 335,157 ​ Gross Profit ​ $ 19,554 ​ $ 15,184 ​ $ 49,278 ​ ​ ​ 7 % 6 % 15 % Net Loss ​ $ (26,287) ​ $ (5,165) ​ $ (28,333) ​ Basic Loss Per Share ​ $ (0.17) ​ $”
STERICYCLE INC

STERICYCLE INC reported quarter ended March 31, 2024 results: revenue 664.9 million, net income 13.1 million, EPS 0.14 diluted earnings per share.

“Stericycle, Inc. (Nasdaq: SRCL) today reported results for the first quarter ended March 31, 2024. Revenues for the first quarter were $664.9 million”
FISI FINANCIAL INSTITUTIONS INC

FINANCIAL INSTITUTIONS INC reported first quarter ended March 31, 2024 results: net income Net income was $2.1 million, EPS $0.11 per diluted share.

“On April 25, 2024, Financial Institutions, Inc. (the “Company”) issued a press release to report financial results for the first quarter ended March 31, 2024.”
RS RELIANCE, INC.

RELIANCE, INC. reported financial results for first quarter ended March 31, 2024.

“On April 25, 2024, the Company issued a press release announcing financial results for the quarter ended March 31, 2024.”
CDP COPT DEFENSE PROPERTIES

COPT DEFENSE PROPERTIES reported financial results for the period ended March 31, 2024.

“On April 25, 2024, COPT Defense Properties (the “Company”) issued a press release relating to its financial results for the period ended March 31, 2024”
LSTR LANDSTAR SYSTEM INC

LANDSTAR SYSTEM INC reported first quarter of fiscal 2024 results: revenue $1.171 billion, EPS $1.32.

“- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $1.32 in the 2024 first quarter on revenue of $1.171 billion. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.33 per share payable on May 24, 2024, to stockholders of record as of the close of”
MHK MOHAWK INDUSTRIES INC

MOHAWK INDUSTRIES INC reported fiscal quarter ended March 30, 2024 results: revenue $2.7 billion, net income $105 million, EPS $1.64.

“Mohawk Industries, Inc. (NYSE: MHK) today announced first quarter 2024 net earnings of $105 million and earnings per share (“EPS”) of $1.64; adjusted net earnings were $119 million, and adjusted EPS was $1.86. Net sales for the first quarter of 2024 were $2.7 billion”
EXPO EXPONENT INC

EXPONENT INC reported first quarter of fiscal year 2024 ended March 29, 2024 results: revenue $144.9 million, net income $30.1 million, EPS $0.59 per diluted share. Guidance raised.

“Total revenues and revenues before reimbursements for the first quarter of 2024 increased 3.3% to $144.9 million and 6.6% to $137.2 million, respectively, as compared to $140.3 million and $128.7 million in the first quarter of 2023, respectively. Net income increased to $30.1 million, or $0.59 per diluted share, in the first quarter of 2024, as compared to $29.1 million, or $0.56 per diluted share, in the same period of 2023.”
ROG ROGERS CORP

ROGERS CORP reported first quarter of 2024 results: revenue $213.4 million, net income $7.8 million, EPS $0.42 per diluted share.

“$85.7 $83.4 $102.2 Other $5.6 $3.9 $5.7 1 - A reconciliation of GAAP to non-GAAP measures is provided in the schedules included below 1 Q1 2024 Summary of Results Net sales of $213.4 million increased 4.3% versus the prior quarter resulting from higher sales in the AES and EMS business units. AES net sales increased by 4.1% primarily related to higher aerospace and”
FCFS FirstCash Holdings, Inc.

FirstCash Holdings, Inc. reported financial results for the three month period ended March 31, 2024.

“FirstCash Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the three month period ended March 31, 2024”
WSFS WSFS FINANCIAL CORP

WSFS FINANCIAL CORP reported quarter ended March 31, 2024 results: revenue $251.1 million, net income $65.8 million, EPS $1.09 per diluted share.

“WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the first quarter of 2024. Selected financial results and metrics are as follows: (Dollars in millions, except per share data) 1Q 2024 4Q 2023 1Q 2023 Net interest income $ 175.3 $ 178.1 $ 182.5 Fee revenue 75.9 87.2 63.1 Total net revenue 251.1 265.3 245.7 Provision for credit losses 15.1 24.8 29.0 Noninterest expense 149.1 147.6 133.0 Net income attributable to WSFS 65.8 63.9 62.4 Pre-provision net revenue (PPNR) (1) 102.1 117.7 112.6 Earnings per share (EPS) (diluted) 1.09 1.05 1.01”
AB ALLIANCEBERNSTEIN HOLDING L.P.

ALLIANCEBERNSTEIN HOLDING L.P. reported the quarter ended March 31, 2024 results: revenue $ 1,104,151, EPS $0.67 per Unit.

“Unit and distributions to unitholders rose by 11%." (US $ Thousands except per Unit amounts) 1Q 2024 1Q 2023 % Change 4Q 2023 % Change U.S. GAAP Financial Measures Net revenues $ 1,104,151 $ 1,024,091 7.8 % $ 1,090,720 1.2 % Operating income $ 241,997 $ 215,260 12.4 % $ 238,500 1.5 % Operating margin 21.2 % 20.1 % 110 bps 20.6 % 60 bps AB Holding Diluted EPU $ 0.67”
WM WASTE MANAGEMENT INC

WASTE MANAGEMENT INC updated its full-year 2024 guidance (raised).

“UPDATED 2024 OUTLOOK Current Expectations Original Expectations Revenue 5% - 5.75% Growth from Prior Year 6% - 7% Growth from Prior Year Adjusted Operating EBITDA (a) (b) $6.375 - $6.525 Billion $6.275 - $6.425 Billion Adjusted Operating EBITDA Margin (a) 29.7% - 30.2% 29.0% - 29.4% Free Cash Flow (a) $2.0 - $2.15 Billion $1.9 - $2.05 Billion”
WM WASTE MANAGEMENT INC

WASTE MANAGEMENT INC reported the quarter ended March 31, 2024 results: revenue $5,159, net income $708, EPS $1.75.

“Revenue $5,159 $5,159 $4,892 $4,892 Income from Operations $1,016 $1,014 $825 $828 Operating EBITDA (b) $1,530 $1,528 $1,330 $1,333 Operating EBITDA Margin 29.7% 29.6% 27.2% 27.2% Net Income (c) (d) $708 $706 $533 $535 Diluted EPS (d) $1.75 $1.75 $1.30 $1.31”
FICO FAIR ISAAC CORP

FAIR ISAAC CORP reported second quarter fiscal 2024 ended March 31, 2024 results: revenue $434 million, net income $129.8 million, EPS $5.16.

“FICO Announces Earnings of $5.16 per Share for Second Quarter Fiscal 2024 Revenue of $434 million vs. $380 million in prior year”
SUMMIT FINANCIAL GROUP, INC.

SUMMIT FINANCIAL GROUP, INC. reported first quarter of 2024 results: revenue $39.9 million, net income $16.8 million, EPS $1.14 per diluted share.

“efficiency ratio was 48.29 percent compared to 47.33 percent in the linked quarter, indicating optimized use of resources. Results from Operations Net interest income totaled $39.9 million in the first quarter of 2024, an increase of 16.8 percent from the prior-year first quarter, and a decrease of 2.1 percent from the linked quarter. NIM for the first quarter 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.