secwatch / observer

Earnings Releases

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

8-K items 2.02 JSON
DOW DOW INC.

DOW INC. reported first quarter of 2024 results: revenue $10,765, net income $538, EPS $0.73.

“SUMMARY FINANCIAL RESULTS Three Months Ended Mar 31 Three Months Ended Dec 31 In millions, except per share amounts 1Q24 1Q23 vs. SQLY [B / (W)] 4Q23 vs. PQ [B / (W)] Net Sales $ 10,765 $ 11,851 $ (1,086) $ 10,621 $ 144 GAAP Income (Loss), Net of Tax $ 538 $ (73) $ 611 $ (95) $ 633 Operating EBIT 1 $ 674 $ 708 $ (34) $ 559 $ 115 Operating EBIT Margin 1 6.3 % 6.0”
GTX Garrett Motion Inc.

Garrett Motion Inc. reported the three months ended March 31, 2024 results: revenue $915 million, net income $66 million. Guidance reaffirmed.

“Net sales totaled $915 million, down 6% on a reported basis and 5% at constant currency* • Net income totaled $66 million; Net income margin 7.2% • Adjusted EBITDA* totaled $151 million; Adjusted EBITDA margin* of 16.5%”
OPBK OP Bancorp

OP Bancorp reported preliminary financial results for the first quarter ended March 31, 2024.

“issued a press release announcing preliminary unaudited results for the first quarter ended March 31, 2024”
ADT ADT Inc.

ADT Inc. reported the three months ended March 31, 2024 results: revenue $1.2 billion, net income $92 million, EPS $0.10 per diluted share. Guidance reaffirmed.

“operations GAAP presentation following the sale of the commercial business. Variances are on a year-over-year basis unless otherwise noted. First Quarter 2024 • Total revenue of $1.2 billion with end-of-period recurring monthly revenue (RMR) up 3% to $353 million ($4.2 billion on an annualized basis) • Consumer and Small Business (CSB) revenue of $1.2 billion, up 5%”
BY BYLINE BANCORP, INC.

BYLINE BANCORP, INC. reported financial results for the first quarter ended March 31, 2024.

“On April 25, 2024, Byline Bancorp, Inc., (“Byline" or the "Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.”
SEI Solaris Energy Infrastructure, Inc.

Solaris Energy Infrastructure, Inc. reported the quarter ended March 31, 2024 results: revenue $68 million, net income $7 million, or $0.14 per diluted Class A share; Adjusted pro forma net income of $7 million, or $0.16 per fully diluted.

“First Quarter 2024 Results and Continued Shareholder Returns for Second Quarter 2024 ​ First Quarter 2024 Summary Results and Shareholder Return Highlights ​ ● Revenue of $68 million ​ ● Net income of $7 million, or $0.14 per diluted Class A share; Adjusted pro forma net income of $7 million, or $0.16 per fully diluted share ​ ● Adjusted EBITDA of $23 million”
FTI TechnipFMC plc

TechnipFMC plc reported financial results for first quarter 2024.

“On April 25, 2024, TechnipFMC plc (the "Company") issued a news release announcing its financial results for the fiscal quarter ended March 31, 2024.”
Morphic Holding, Inc.

Morphic Holding, Inc. reported the first quarter 2024 results: net income Net loss for the quarter ended March 31, 2024, was $45.3 million or $0.91 per share, EPS $0.91 per share.

“Net loss for the quarter ended March 31, 2024, was $45.3 million or $0.91 per share compared to net loss of $36.1 million or $0.90 per share for the same quarter last year”
KNSL Kinsale Capital Group, Inc.

Kinsale Capital Group, Inc. reported first quarter of 2024 results: net income $98.9 million, EPS $4.24 per diluted share.

“Kinsale Capital Group, Inc. (NYSE: KNSL) reported net income of $98.9 million, $4.24 per diluted share, for the first quarter of 2024”
TEAM Atlassian Corp

Atlassian Corp reported third quarter ended March 31, 2024 results: revenue $1,189.1 million, net income $12.8 million, EPS $0.05.

“set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Atlassian Announces Third Quarter Fiscal Year 2024 Results and CEO Transition Quarterly revenue of $1,189 million, up 30% year-over-year Quarterly subscription revenue of $1,071 million, up 41% year-over-year Quarterly GAAP operating margin of 1% and non-GAAP operating margin of 27%”
HTZ HERTZ GLOBAL HOLDINGS, INC

HERTZ GLOBAL HOLDINGS, INC reported first quarter 2024 results: revenue $2.1 billion, net income GAAP net loss of $186 million, EPS $0.61 loss per diluted share.

“April 25, 2024 - Hertz Global Holdings, Inc. (NASDAQ: HTZ) ("Hertz", "Hertz Global" or the "Company") today reported results for its first quarter 2024. OVERVIEW • Revenue of $2.1 billion • GAAP net loss of $186 million, a negative 9% margin, or $0.61 loss per diluted share • Adjusted net loss of $392 million, or $1.28 loss per diluted share • Adjusted Corporate”
PRTH Priority Technology Holdings, Inc.

Priority Technology Holdings, Inc. reported first quarter of 2024 results: revenue $205.7 million.

“today pre-released its preliminary results for the first quarter of 2024. For the quarter, total revenue was $205.7 million, which is 11.2% growth over the prior year's first quarter. Adjusted Gross Profit of $76.4 million is 21.2% growth from the first quarter of 2023”
GOOGL Alphabet Inc.

Alphabet Inc. reported quarters ended March 31, 2023 and 2024 results: revenue $80,539, net income $23,662, EPS $1.89.

“for the quarters ended March 31, 2023 and 2024 (in millions, except for per share information and percentages). Quarter Ended March 31, 2023 2024 (unaudited) Revenues $ 69,787 $ 80,539 Change in revenues year over year 3 % 15 % Change in constant currency revenues year over year (1) 6 % 16 % Operating income $ 17,415 $ 25,472 Operating margin 25 % 32 % Other”
GOOGL Alphabet Inc.

Alphabet Inc. reported quarter ended March 31, 2024 results: revenue $80,539.

“for the quarters ended March 31, 2023 and 2024 (in millions, except for per share information and percentages). Quarter Ended March 31, 2023 2024 (unaudited) Revenues $ 69,787 $ 80,539 Change in revenues year over year 3 % 15 % Change in constant currency revenues year over year (1) 6 % 16 % Operating income $ 17,415 $ 25,472 Operating margin 25 % 32 % Other”
BAFN BayFirst Financial Corp.

BayFirst Financial Corp. reported first quarter of 2024 results: net income net income of $0.8 million, or $0.11 per diluted common share, EPS $0.11 per diluted common share.

“BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $0.8 million, or $0.11 per diluted common share, for the first quarter of 2024”
BFST Business First Bancshares, Inc.

Business First Bancshares, Inc. reported first quarter of 2024 results: net income $12.2 million, EPS $0.48 per diluted common share.

“On April 25, 2024, BFST issued a press release announcing its consolidated financial results for the first quarter of 2024.”
NRDS NERDWALLET, INC.

NERDWALLET, INC. reported first quarter ended March 31, 2024 results: revenue $161.9 million, net income $1.1 million, EPS $0.01 per diluted share.

“the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. --- EX-99.1 (EX-99.1) --- NERDWALLET REPORTS FIRST QUARTER 2024 RESULTS Revenue of $161.9 million, Down 5% Year-Over-Year FINANCIAL HIGHLIGHTS • Revenue of $161.9 million • GAAP income from operations of $3.7 million • GAAP net income of $1.1 million or $0.01 income per”
KRNY Kearny Financial Corp.

Kearny Financial Corp. reported the quarter ended March 31, 2024 results: net income $7.4 million, EPS $0.12 per diluted share.

“Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended March 31, 2024 of $7.4 million, or $0.12 per diluted share, compared to a net loss of $13.8 million, or $0.22 per diluted share, for the quarter ended December 31, 2023.”
Sage Therapeutics, Inc.

Sage Therapeutics, Inc. reported the first quarter ended March 31, 2024 results: revenue $6.2 million in ZURZUVAE collaboration revenue.

“filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Sage Therapeutics Announces First Quarter 2024 Financial Results and Highlights Pipeline and Business Progress Achieved $6.2 million in ZURZUVAE TM (zuranolone) collaboration revenue during the first quarter of 2024, representing 50% of the net revenues reported by Biogen Encouraging initial demand for”
NAVI NAVIENT CORP

NAVIENT CORP reported the quarter ended March 31, 2024 results: net income $73 million ($0.64 diluted earnings per share), EPS $0.64 diluted earnings per share.

“GAAP net income of $73 million ($0.64 diluted earnings per share).”
FTAI FTAI Aviation Ltd.

FTAI Aviation Ltd. reported first quarter 2024 results: net income $ 31,287, EPS $ 0.31.

“FTAI Aviation Ltd. Reports First Quarter 2024 Results”
ALLE Allegion plc

Allegion plc reported first quarter 2024 results: revenue $893.9 million, net income $123.8 million, EPS $1.41 per share. Guidance reaffirmed.

“Allegion reported first-quarter 2024 net revenues of $893.9 million and net earnings of $123.8 million, or $1.41 per share.”
LADR Ladder Capital Corp

Ladder Capital Corp reported quarter ended March 31, 2024 results: EPS $0.13.

“GAAP income before taxes for the three months ended March 31, 2024 was $18.4 million, and diluted earnings per share (“EPS”) was $0.13.”
XPRO EXPRO GROUP HOLDINGS N.V.

EXPRO GROUP HOLDINGS N.V. reported the quarter ended March 31, 2024 results: revenue $383 million, net income $3 million, EPS $0.02 per diluted share. Guidance reaffirmed.

“2 ex_631350.htm EXHIBIT 99.1 ex_631350.htm Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE EXPRO GROUP HOLDINGS N.V. ANNOUNCES First QUARTER 2024 RESULTS Revenue of $383 million, down 6% sequentially and up 13% year-over-year. Net loss of $3 million, as compared to net loss of $12 million for the fourth quarter of 2023 and a net loss of $6 million for”
SNAP Snap Inc

Snap Inc reported the three months ended March 31, 2024 results: revenue $1,195 million, EPS (0.19) per share.

“language in such filing. --- EX-99.1 (EX-99.1) --- Snap Inc. Announces First Quarter 2024 Financial Results First quarter revenue increased 21% year-over-year to $1,195 million Daily Active Users increased 10% year-over-year to 422 million First quarter operating cash flow of $88 million and Free Cash Flow of $38 million SANTA MONICA, Calif. – April 25,”
TPH Tri Pointe Homes, Inc.

Tri Pointe Homes, Inc. reported first quarter ended March 31, 2024 results: revenue $918 million, net income $99 million, EPS $1.03. Guidance raised.

“12% Year-Over-Year to 1,814- -Backlog Units Increased 35% Year-Over-Year to 2,741- -Active Selling Communities Increased 15% Year-Over-Year to 156- -Home Sales Revenue of $918 Million- -Homebuilding Gross Margin Percentage of 23.0%- -Diluted Earnings Per Share of $1.03- -Debt-to-Capital Ratio of 31.2% and Total Liquidity of $1.6 Billion- INCLINE VILLAGE, Nev.,”
Alexander & Baldwin, Inc.

Alexander & Baldwin, Inc. reported the first quarter of 2024 results: revenue $48.9 million, net income $20.0 million, EPS $0.28 per diluted share. Guidance raised.

“and $0.22 per diluted share in the same quarter of 2023. CRE Highlights for Q1 2024 • CRE operating revenue for the first quarter of 2024 increased by $1.0 million, or 2.1%, to $48.9 million, compared to $47.9 million in the same quarter of 2023. • CRE operating profit for the first quarter of 2024 increased by $1.1 million, or 5.3%, to $22.0 million, compared to”
FNWB First Northwest Bancorp

First Northwest Bancorp reported quarter ended March 31, 2024 results: net income $0.4 million, EPS $0.04 per share.

“First Northwest Bancorp Reports First Quarter 2024 Financial Results”
TRU TransUnion

TransUnion reported the quarter ended March 31, 2024 results: revenue $1,021 million, net income $65 million, EPS $0.33. Guidance raised.

“TransUnion (NYSE: TRU) (the “Company”) today announced financial results for the quarter ended March 31, 2024. First Quarter 2024 Results Revenue: • Total revenue for the quarter was $1,021 million, an increase of 9 percent (8 percent on a constant currency basis), compared with the first quarter of 2023. Earnings: • Net income attributable to TransUnion was $65 million for the quarter, compared with $53 million for the first quarter of 2023. Diluted earnings per share was $0.33, compared with $0.27 in the first quarter of 2023.”
ESQ Esquire Financial Holdings, Inc.

Esquire Financial Holdings, Inc. reported first quarter of 2024 results: net income $10.1 million, or $1.20 per diluted share.

“Esquire Financial Holdings, Inc. (NASDAQ: ESQ) (the “Company”), the financial holding company for Esquire Bank, National Association (“Esquire Bank” or the “Bank”), (collectively “Esquire”) today announced its operating results for the first quarter of 2024.”
FBIZ FIRST BUSINESS FINANCIAL SERVICES, INC.

FIRST BUSINESS FINANCIAL SERVICES, INC. reported financial results for the quarter ended March 31, 2024.

“On April 25, 2024, First Business Financial Services, Inc. (the “Company”) announced its earnings for the quarter ended March 31, 2024.”
ORC Orchid Island Capital, Inc.

Orchid Island Capital, Inc. reported first quarter 2024 results: net income $19.8 million, EPS $0.38 per common share.

“First Quarter 2024 Results ● Net income of $19.8 million , or $0.38 per common share”
OptiNose, Inc.

OptiNose, Inc. reported the three months ended March 31, 2024 results: revenue $14.9 million. Guidance initiated.

“the Company announced preliminary XHANCE net product revenue of $14.9 million for the three months ended March 31, 2024”
NFBK Northfield Bancorp, Inc.

Northfield Bancorp, Inc. reported the quarter ended March 31, 2024 results: net income $6.2 million, EPS $0.15 per diluted share.

“Northfield Bancorp, Inc. (the "Company") issued a press release announcing its earnings for the quarter ended March 31, 2024.”
BC BRUNSWICK CORP

BRUNSWICK CORP updated its first quarter 2024 guidance (reaffirmed).

“On April 25, 2024, Brunswick Corporation (“Brunswick”) announced its financial results for the first quarter 2024.”
CUBI Customers Bancorp, Inc.

Customers Bancorp, Inc. reported financial results for the quarter ended March 31, 2024.

“On April 25, 2024 , Customers Bancorp, Inc. (the "Company") issued a press release announcing unaudited financial information for the quarter ended March 31, 2024”
Accolade, Inc.

Accolade, Inc. reported the fiscal fourth quarter and full year ended February 29, 2024 results: revenue $124.8, net income $(7.5).

“(3) Twelve months ended February 28(29), % Change (3) 2024 2023 2024 2023 (in millions, except percentages) (in millions, except percentages) GAAP Financial Data: Revenue $ 124.8 $ 99.0 26 % $ 414.3 $ 363.1 14 % Net loss (1) $ (7.5) $ (30.4) 75 % $ (99.8) $ (459.7) 78 % GAAP gross profit $ 58.1 $ 40.0 45 % $ 158.8 $ 132.5 20 % GAAP gross margin 46.5% 40.4%”
TDOC Teladoc Health, Inc.

Teladoc Health, Inc. reported three months ended March 31, 2024 results: revenue $646.1 million, net income $81.9 million net loss, EPS $0.49 per share. Guidance reaffirmed.

“the three months ended March 31, 2023 (“First Quarter 2023”). Financial and Operational Highlights for First Quarter 2024 • First Quarter 2024 revenue grows 3% year-over-year to $646.1 million • First Quarter 2024 net loss of $81.9 million, or $0.49 per share • First Quarter 2024 adjusted EBITDA of $63.1 million, up 20% year-over-year “We are pleased to report a solid”
PECO Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. updated its full year 2024 guidance (reaffirmed).

“• Affirmed 2024 Nareit FFO and Core FFO guidance ranges of $2.34 to $2.41 per diluted share and $2.37 to $2.45 per diluted share, respectively”
PECO Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. reported the three months ended March 31, 2024 results: net income $17.7 million, EPS $0.14 per diluted share.

“For the three months ended March 31, 2024, net income attributable to stockholders was $17.7 million, or $0.14 per diluted share.”
MSBI Midland States Bancorp, Inc.

Midland States Bancorp, Inc. reported first quarter of 2024 results: net income $11.7 million, EPS $0.53 per diluted share.

“Midland States Bancorp, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter of 2024.”
ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.

ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported first quarter 2024 results: revenue $39.5 million, net income Net loss attributable to Altisource of $(9.2) million, EPS Diluted loss per share (0.33).

“Revenue of $39.5 million was the same as the first quarter 2023”
CLIR ClearSign Technologies Corp

ClearSign Technologies Corp reported year ended December 31, 2023 results: revenue $2.4 million.

“The Company reported $2.4 million revenue for the full year 2023 compared to $374 thousand for the comparable period in 2022.”
ROKU ROKU, INC

ROKU, INC reported the quarter ended March 31, 2024 results: revenue $882 million.

“Total net revenue was $882 million, up 19% year over year (YoY)”
APPF APPFOLIO INC

APPFOLIO INC reported first quarter ended March 31, 2024 results: revenue $187.4 million. Guidance reaffirmed.

“Our deep connection to customers is paving the way for AppFolio’s continued success.” Financial Highlights for First Quarter of 2024 • Revenue grew 38% year-over-year to $187.4 million. • Total units under management grew 11% year-over-year to 8.3 million. • GAAP operating income was $34.1 million, or 18.2% of revenue, compared to an operating loss of ($26.5”
ARR Armour Residential REIT, Inc.

Armour Residential REIT, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $5.3 million, net income $11.5 million, EPS $0.24 per common share.

“ARMOUR Residential REIT, INC. ANNOUNCES Q1 RESULTS AND March 31, 2024 FINANCIAL POSITION VERO BEACH, Florida -- April 25, 2024 -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company's unaudited Q1 results and March 31, 2024 financial position. ARMOUR's Q1 2024 Results ◦ GAAP net income available to common stockholders of $11.5 million or $0.24 per common share. ◦ Net interest income of $5.3 million.”
BMY BRISTOL MYERS SQUIBB CO

BRISTOL MYERS SQUIBB CO reported the first quarter of 2024 results: revenue $11,865, EPS (5.89).

“get the most promising medicines to patients as quickly as possible." 1 First Quarter $ in millions, except per share amounts 2024 2023 Change Change Excl. F/X** Total Revenues $11,865 $11,337 5 % 6 % (Loss)/Earnings Per Share — GAAP* (5.89) 1.07 N/A N/A (Loss)/Earnings Per Share — Non-GAAP* ** (4.40) 2.05 N/A N/A Acquired IPRD charge and Licensing Income Net”
PCB PCB BANCORP

PCB BANCORP reported first quarter of 2024 results: net income $4.7 million, EPS $0.33 per diluted common share.

“PCB Bancorp Reports Earnings of $4.7 million for Q1 2024”
KDP Keurig Dr Pepper Inc.

Keurig Dr Pepper Inc. reported first quarter of 2024 results: revenue $3.47 bn, net income $454 million, EPS $0.33. Guidance reaffirmed.

“the first quarter of 2024, reaffirmed its full year guidance, and announced the completion of its CEO succession process. Reported GAAP Basis Adjusted Basis 1 Q1 Q1 Net Sales $3.47 bn $3.47 bn % vs prior year 3.4% 2.8% Diluted EPS $0.33 $0.38 % vs prior year —% 11.8% Commenting on this final step in the CEO transition, which began in Fall 2023, Chairman and”
ATOM Atomera Inc

Atomera Inc reported the first quarter ended March 31, 2024 results: net income ($4.8) million, EPS ($0.19) per basic and diluted share.

“The Company incurred a net loss of ($4.8) million, or ($0.19) per basic and diluted share in the first quarter of 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.