secwatch / observer

Earnings Releases

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

8-K items 2.02 JSON
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”
First Foundation Inc.

First Foundation Inc. reported the quarter ended March 31, 2024 results: revenue $38,386, net income $793, EPS $0.01.

“(a) 0.5 ​ 1.2 ​ 3.7 Net interest margin (%) 1.17 ​ 1.36 ​ 1.83 Efficiency ratio (%) (a) 98.4 ​ 98.5 ​ 84.5 ​ ​ ​ ​ ​ ​ ​ Income Statement (b) 1Q24 4Q23 1Q23 Net interest income $ 38,386 ​ $ 42,493 ​ $ 58,755 Noninterest income $ 12,683 ​ $ 13,876 ​ $ 11,698 Net income attributable to common shareholders $ 793 ​ $ 2,548 ​ $ 8,496 Adjusted net income attributable”
MidWestOne Financial Group, Inc.

MidWestOne Financial Group, Inc. reported first quarter of 2024 results: revenue $44.5 million, net income $3.3 million, EPS $0.21 per diluted common share.

“MidWest One Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the first quarter of 2024. First Quarter 2024 Summary 1 • Completed acquisition of Denver Bankshares, Inc. ("DNVB"), the related core banking system conversion, and closure of the legacy MidWest One Denver banking office. • Net income of $3.3 million, or $0.21 per diluted common share. ◦ Revenue was $44.5 million, comprised of net interest income of $34.7 million and noninterest income of $9.8 million, which included a negative MSR valuation adjustment of $368 thousand.”
ORN Orion Group Holdings Inc

Orion Group Holdings Inc reported full year 2024 results: revenue revenue in the range of $860 million to $950 million. Guidance reaffirmed.

“we are reconfirming our full year 2024 guidance for revenue in the range of $860 million to $950 million and anticipated Adjusted EBITDA in the range of $45 million to $50 million.”
ORN Orion Group Holdings Inc

Orion Group Holdings Inc reported first quarter ended March 31, 2024 results: revenue Contract revenues of $160.7 million, net income Net loss for the first quarter was $6.1 million, EPS $0.19 per diluted share. Guidance reaffirmed.

“construction company, today reported its financial results for the first quarter ended March 31, 2024. ​ Highlights for the quarter ended March 31, 2024: ● Contract revenues of $160.7 million ● GAAP net loss was $6.1 million or $0.19 per diluted share ● Adjusted net loss was $4.0 million or $0.12 per diluted share ● Adjusted EBITDA was $4.1 million ● Backlog and”
ALSN Allison Transmission Holdings Inc

Allison Transmission Holdings Inc reported the three months ended March 31, 2024 results: revenue $789 million, net income $169 million, EPS $1.90.

“first quarter net sales of $789 million and first quarter diluted EPS of $1.90, which includes a $0.13 impact from $14 million of non-recurring UAW contract signing incentives incurred in the quarter.”
SSNC SS&C Technologies Holdings Inc

SS&C Technologies Holdings Inc reported first quarter ended March 31, 2024 results: revenue $1,435.0 million, net income $157.6 million, EPS $0.62. Guidance initiated.

“set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 SS&C Technologies Releases Q1 2024 Earnings Results Q1 2024 GAAP revenue $1,435.0 million, up 5.3%, Fully Diluted GAAP Earnings Per Share $0.62, up 26.5% Record Adjusted revenue $1,435.8 million, up 5.3%, Adjusted Diluted Earnings Per Share $1.28, up 12.3% WINDSOR,”
ESSA Bancorp, Inc.

ESSA Bancorp, Inc. reported financial results for fiscal second quarter and fiscal first half periods ended March 31, 2024.

“On April 24, 2024, ESSA Bancorp, Inc. (the "Company") issued a press release reporting its financial results for the period ended March 31, 2024.”
EIG Employers Holdings, Inc.

Employers Holdings, Inc. reported first quarter ended March 31, 2024 results: net income $28.3 million, EPS $1.11.

“Employers Holdings, Inc. Reports First Quarter 2024 Results”
Anywhere Real Estate Group LLC

Anywhere Real Estate Group LLC reported quarter ended March 31, 2024 results: revenue $1,126 million, net income $101 million net loss, EPS ($0.91). Guidance initiated.

“The following table sets forth the Company’s financial highlights for the periods presented (in millions, except per share data) (unaudited): Three Months Ended March 31, 2024 2023 Change % Change Revenue $ 1,126 $ 1,131 $ (5) — % Operating EBITDA 1 (17) (52) 35 67 Net loss attributable to Anywhere (101) (138) 37 27 Adjusted net loss 2 (88) (106) 18 17 Loss per share (0.91) (1.26) 0.35 28 Free Cash Flow 3 (145) (120) (25) (21) Net cash used in operating activities $ (122) $ (113) $ (9) (8) %”
Federal Home Loan Bank of Indianapolis

Federal Home Loan Bank of Indianapolis reported first quarter of 2024 results: net income $95 million.

“Net income, for the first quarter of 2024, was $95 million, an increase of $3 million compared to the corresponding quarter in the prior year.”
Federal Home Loan Bank of Atlanta

Federal Home Loan Bank of Atlanta reported the quarter ended March 31, 2024 results: net income $194 million.

“Federal Home Loan Bank of Atlanta (the Bank) today released preliminary unaudited financial highlights for the quarter ended March 31, 2024.”
Federal Home Loan Bank of Pittsburgh

Federal Home Loan Bank of Pittsburgh reported the first quarter of 2024 results: net income $154.0 million.

“FHLBank's net income totaled $154.0 million for the first quarter of 2024”
Federal Home Loan Bank of New York

Federal Home Loan Bank of New York reported the quarter ended March 31, 2024 results: net income $220.5 million.

“FEDERAL HOME LOAN BANK OF NEW YORK ANNOUNCES FIRST QUARTER 2024 OPERATING HIGHLIGHTS”
Federal Home Loan Bank of Topeka

Federal Home Loan Bank of Topeka reported the quarter ended March 31, 2024 results: revenue $136.1 million, net income $114.2 million.

“was primarily due to an increase in net interest income. Net interest income increased $31.7 million for the quarter, from $104.4 million for the quarter ended March 31, 2023 to $136.1 million for the quarter ended March 31, 2024. The increase for the current quarter was due to an increase in yields across all asset categories and an increase in net interest spread,”
Federal Home Loan Bank of Des Moines

Federal Home Loan Bank of Des Moines reported the first quarter ended March 31, 2024 results: net income $274 million.

“On April 25, 2024 , the Federal Home Loan Bank of Des Moines (the “Bank”) issued a news release to report its financial results for the first quarter ended March 31, 2024”
FRST Primis Financial Corp.

Primis Financial Corp. reported preliminary financial results for the first quarter of 2024.

“On April 25, 2024, Primis Financial Corp. (“Primis” or the “Company”) issued a press release announcing its preliminary financial results for the three months ended March 31, 2024.”
ULH UNIVERSAL LOGISTICS HOLDINGS, INC.

UNIVERSAL LOGISTICS HOLDINGS, INC. reported thirteen weeks ended March 30, 2024 results: revenue $491.9 million, net income $52.5 million, EPS $1.99 per basic and diluted share.

“EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Universal Logistics Holdings Reports First Quarter 2024 Financial Results; Declares Dividend - First Quarter 2024 Operating Revenues: $491.9 million, up 12.5% - First Quarter 2024 Operating Income: $75.1 million, up $36.9 million - First Quarter 2024 Earnings Per Share: $1.99 per share, up $1.04 per share - Declares Quarterly”
LAZ Lazard, Inc.

Lazard, Inc. reported first quarter ended March 31, 2024 results: revenue net revenue of $765 million and adjusted net revenue 1 of $747 million, net income net income was $36 million or $0.35 per share, diluted. Adjusted net income 2 was $67 million, or $0.66 per share, dilut.

“Advisory adjusted net revenue • Asset Management quarter end AUM increased 8% year-over-year NEW YORK, April 25, 2024 – Lazard, Inc. (NYSE: LAZ) today reported net revenue of $765 million and adjusted net revenue 1 of $747 million for the quarter ended March 31, 2024. On a U.S. GAAP basis, first-quarter 2024 net income was $36 million or $0.35 per share, diluted.”
WEX WEX Inc.

WEX Inc. reported the three months ended March 31, 2024 results: revenue $652.7 million, net income $65.8 million, EPS $1.55 per diluted share. Guidance raised.

“Total revenue for the first quarter of 2024 increased 7% to $652.7 million from $612.0 million for the first quarter of 2023.”
TBBK Bancorp, Inc.

Bancorp, Inc. reported the first quarter of 2024 results: net income $56.4 million, EPS $1.06 per diluted share.

“The Bancorp, Inc. Reports First Quarter Financial Results Wilmington, DE – April 25, 2024”
MORN Morningstar, Inc.

Morningstar, Inc. reported first quarter ended March 31, 2024 results: revenue $542.8 million, net income $64.2 million, EPS $1.49 per diluted share.

“context on its quarterly results and business and can be found at shareholders.morningstar.com. First-Quarter 2024 Financial Highlights • Reported revenue increased 13.2% to $542.8 million compared to the prior-year period; organic revenue grew 12.9%. • Reported operating income increased to $92.6 million from $24.5 million; adjusted operating income increased”
TMUS T-Mobile US, Inc.

T-Mobile US, Inc. updated its the quarter ended March 31, 2024 guidance (raised).

“On April 25, 2024, T-Mobile US, Inc. (the “Company”) issued a press release announcing the financial and operating results of the Company for the quarter ended March 31, 2024.”
NLST NETLIST INC

NETLIST INC reported first quarter ended March 30, 2024 results: revenue $35.8 million, net income ($17.0) million, EPS ($0.07) per share.

“NLST) today reported financial results for the first quarter ended March 30, 2024. First Quarter 2024 Highlights: · Net sales for the first quarter of 2024 increased by 297% to $35.8 million compared to $9.0 million from the same quarter one year ago. “First quarter revenue improved nearly threefold and reflects the strong turnaround in the memory market from the”
WTBA WEST BANCORPORATION INC

WEST BANCORPORATION INC reported first quarter 2024 results: net income $5.8 million, EPS $0.35 per diluted common share.

“West Bancorporation, Inc. (Nasdaq: WTBA; the “Company”), parent company of West Bank, today reported first quarter 2024 net income of $5.8 million, or $0.35 per diluted common share, compared to fourth quarter 2023 net income of $4.5 million, or $0.27 per diluted common share, and first quarter 2023 net income of $7.8 million, or $0.47 per diluted common share.”
CMCSA COMCAST CORP

COMCAST CORP reported the quarter ended March 31, 2024 results: revenue $30,058, net income $3,857, EPS $0.97.

“the highest levels and continue to position the company for long-term growth. " ($ in millions, except per share data) 1st Quarter Consolidated Results 2024 2023 Change Revenue $30,058 $29,691 1.2 % Net Income Attributable to Comcast $3,857 $3,834 0.6 % Adjusted Net Income 1 $4,171 $3,877 7.6 % Adjusted EBITDA 2 $9,355 $9,415 (0.6 %) Earnings per Share 3 $0.97”
NBR NABORS INDUSTRIES LTD

NABORS INDUSTRIES LTD reported financial results for first quarter 2024.

“Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported first quarter 2024 operating revenues of $734 million, compared to operating revenues of $726 million in the fourth quarter of 2023. The net loss attributable to Nabors shareholders for the quarter was $34 million, compared to a net loss of $17 million in the fourth quarter. This equates to a loss of $4.54 per diluted share, compared to a loss per diluted share of $2.70 in the fourth quarter.”
NEM NEWMONT Corp /DE/

NEWMONT Corp /DE/ reported first quarter ended March 31, 2024 results: net income Reported Net Income of $179 million, EPS Adjusted Net Income (ANI) of $0.55 per share. Guidance reaffirmed.

“excluding the stamp duty payment in connection with the Newcrest transaction, Newmont generated Free Cash Flow of $217 million 5 ▪ Reported Net Income of $179 million, Adjusted Net Income (ANI) of $0.55 per share and Adjusted EBITDA of $1.7 billion for the quarter 5 ▪ Delivered $105 million in synergies to date from the Newcrest acquisition; on track to realize $500 million in annual synergies by the end of 2025 6 ▪ Firmly on track to deliver 2024 guidance for production, costs and capital spend; full-year production expected to be second-half weighted as previously indicated 7 ▪ Classified six non-core assets and one project as held for sale, resulting in a non-cash impairment of $485 million ▪ Refinanced approximately $2 billion of debt acquired from the Newcrest acquisition; targeting a $1 billion debt reduction ▪ Published 20 th Annual Sustainability Report and 3 rd Annual Taxes and”
SPFI SOUTH PLAINS FINANCIAL, INC.

SOUTH PLAINS FINANCIAL, INC. reported the quarter ended March 31, 2024 results: net income $10.9 million, EPS $0.64.

“On April 25, 2024, South Plains Financial, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.”
NOC NORTHROP GRUMMAN CORP /DE/

NORTHROP GRUMMAN CORP /DE/ reported first quarter 2024 results: revenue $10.1 billion, net income $944 million, EPS $6.32 per diluted share. Guidance reaffirmed.

“Northrop Grumman Reports First Quarter 2024 Financial Results • Sales increase 9 percent to $10.1 billion • Operating income increases 13 percent driven by strong performance and cost efficiencies • Diluted earnings per share increase 15 percent to $6.32 • $1.5 billion returned to shareholders through dividends and share repurchases • Reaffirming 2024 company-level guidance”
ABG ASBURY AUTOMOTIVE GROUP INC

ASBURY AUTOMOTIVE GROUP INC reported three months ended March 31, 2024 results: revenue $4.2 billion, net income $147 million, EPS $7.21 per diluted share.

“--- EX-99.1 (EX-99.1) --- Investors & Reporters May Contact: Joe Sorice Manager, Investor Relations (770) 418-8211 ir@asburyauto.com Asbury Automotive Group Reports Record $4.2 Billion in Revenue • Operating margin of 6.3% • EPS of $7.21 per diluted share • Parts and service revenue growth of 15%; parts and service gross profit growth of 18% • Repurchased”
WTW WILLIS TOWERS WATSON PLC

WILLIS TOWERS WATSON PLC reported first quarter ended March 31, 2024 results: revenue $2,341, net income $194, EPS $1.83.

“by our focus on strategic growth initiatives and operating efficiency.” Consolidated Results A s reported, USD millions, except % Key Metrics Q1-24 Q1-23 Y/Y Change Revenue 1 $2,341 $2,244 Reported 4% | CC 4% | Organic 5% Income from Operations $280 $285 (2)% Operating Margin % 12.0% 12.7% (70) bps Adjusted Operating Income $483 $418 16% Adjusted Operating”
MPX MARINE PRODUCTS CORP

MARINE PRODUCTS CORP reported first quarter ended March 31, 2024 results: revenue $69.3 million, net income $4.6 million, EPS $0.13.

“of this earnings release. ​ * All comparisons are year-over-year to 1Q:23 unless stated otherwise. ​ First Quarter 2024 Highlights ​ ● Net sales decreased 42% year-over-year to $69.3 million ● Net income was $4.6 million, down 60% year-over-year, and diluted Earnings Per Share (EPS) was $0.13; net income margin decreased 310 basis points to 6.6% ● Earnings Before”
PFG PRINCIPAL FINANCIAL GROUP INC

PRINCIPAL FINANCIAL GROUP INC reported first quarter 2024 results: net income $533 million, or $2.22 per diluted share. Guidance raised.

“Net income attributable to Principal Financial Group (PFG) of $533 million, or $2.22 per diluted share”
NORTHERN STATES POWER CO

NORTHERN STATES POWER CO reported first quarter of 2024 results: EPS $0.88. Guidance reaffirmed.

“Xcel Energy released earnings results for the first quarter of 2024.”
NDAQ NASDAQ, INC.

NASDAQ, INC. reported the first quarter of 2024 results: revenue $1.1 billion, EPS $0.40. Guidance lowered.

“Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the first quarter of 2024. • First quarter 2024 net revenues 1 were $1.1 billion , an increase of 22% over the first quarter of 2023, up 6% organically 2 or 7% on a pro forma 3 basis, including Adenza in the first quarter of 2023 results for Nasdaq.”
ITGR Integer Holdings Corp

Integer Holdings Corp reported the first quarter ended March 29, 2024 results: revenue $415 million, net income $21 million, EPS $0.59 per share. Guidance reaffirmed.

“today announced results for the three months ended March 29, 2024. First Quarter 2024 Highlights (compared to First Quarter 2023, except as noted) Sales increased 10% to $415 million, with organic growth of 6%. GAAP net income increased $7 million to $21 million, an increase of 57%. Non-GAAP adjusted net income increased $10 million to $39 million, an”
VC VISTEON CORP

VISTEON CORP reported the first quarter of 2024 results: revenue $933 million, net income $42 million, EPS $1.50 per diluted share. Guidance reaffirmed.

“Financial Results VAN BUREN TOWNSHIP, Mich., April 25, 2024 — Visteon Corporation (NASDAQ: VC) today reported first quarter financial results. Highlights include: • Net sales of $933 million with a return to positive growth-over-market 1 • Net income of $42 million • Adjusted EBITDA of $102 million or 10.9% of sales • Operating cash flow of $69 million and adjusted”
ALLIANCEBERNSTEIN L.P.

ALLIANCEBERNSTEIN L.P. reported the quarter ended March 31, 2024 results: revenue Net revenues $1,104,151, EPS AB Holding Diluted EPU $0.67.

“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”
BFH BREAD FINANCIAL HOLDINGS, INC.

BREAD FINANCIAL HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $991MM, net income $134 million, EPS $2.70.

“offering to $900 million in January 2024; reduced parent-level debt by $100 million. • Grew direct-to-consumer deposits to $7 billion at quarter-end. $18.5B 1Q24 Average loans $991MM 1Q24 Revenue 12.6% Common equity tier 1 capital ratio $45.96 Tangible book value per share Exhibit 99.1 Bread Financial | April 25, 2024 2 "Our first quarter financial results”
SPSC SPS COMMERCE INC

SPS COMMERCE INC reported fiscal year 2024 results: revenue $619.9 million to $621.9 million, EPS $1.99 to $2.02.

“Revenue is expected to be in the range of $619.9 million to $621.9 million, representing 15% to 16% growth over 2023.”
SPSC SPS COMMERCE INC

SPS COMMERCE INC reported second quarter 2024 results: revenue $150.9 million to $151.7 million, EPS $0.45 to $0.46.

“Revenue is expected to be in the range of $150.9 million to $151.7 million.”
SPSC SPS COMMERCE INC

SPS COMMERCE INC reported first quarter ended March 31, 2024 results: net income $18.0 million, EPS $0.48 per diluted share.

“Revenue was $149.6 million in the first quarter of 2024, compared to $125.9 million in the first quarter of 2023, reflecting 19% growth.”
AIT APPLIED INDUSTRIAL TECHNOLOGIES INC

APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2024 third quarter ended March 31, 2024 results: revenue $1.1 Billion, net income $97.2 Million, EPS $2.48 per share. Guidance raised.

“Net sales for the quarter of $1.1 billion increased 1.3% over the prior year. The change includes a 1.2% increase from acquisitions and a 0.2% increase from foreign currency translation, partially offset by a negative 0.8% selling day impact. Excluding these factors, sales increased 0.7% on an organic daily basis reflecting a 2.6% increase in the Service Center segment and a 3.2% decrease in the Engineered Solutions segment. The Company reported net income of $97.2 million, or $2.48 per share, and EBITDA of $135.7 million.”

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.