secwatch / observer

Earnings Releases

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

8-K items 2.02 JSON
APAM Artisan Partners Asset Management Inc.

Artisan Partners Asset Management Inc. reported financial results for the three months ended March 31, 2024.

“On April 23, 2024 , Artisan Partners Asset Management Inc. (the “Company”) issued a press release announcing the availability of certain consolidated financial and operating results for the three months ended March 31, 2024.”
Veritex Holdings, Inc.

Veritex Holdings, Inc. reported quarter ended March 31, 2024 results: net income $24,156, EPS 0.44.

“On April 23, 2024, Veritex Holdings, Inc. (the “Company”), the holding company for Veritex Community Bank, a Texas state chartered bank, issued a press release describing its results of operations for the first quarter and year ended March 31, 2024.”
EBMT Eagle Bancorp Montana, Inc.

Eagle Bancorp Montana, Inc. reported the quarter ended March 31, 2024 results: net income $1.9 million, EPS $0.24 per diluted share.

“Eagle Bancorp Montana, Inc. announced its results of operations for the quarter ended March 31, 2024.”
PEB Pebblebrook Hotel Trust

Pebblebrook Hotel Trust reported Q2 2024 results: net income $18.8 to $23.8 million. Guidance initiated.

“Q2 2024 OUTLOOK § Net income: $18.8 to $23.8 million”
PEB Pebblebrook Hotel Trust

Pebblebrook Hotel Trust reported the three months ended March 31, 2024 results: net income ($27.5) million.

“On April 23, 2024, Pebblebrook Hotel Trust (the “Company”) issued a press release announcing the Company’s results of operations for the three months ended March 31, 2024.”
GM General Motors Co

General Motors Co reported first-quarter 2024 results: revenue $43.0 billion, net income $3.0 billion, EPS $2.62. Guidance raised.

“GM Releases 2024 First-Quarter Results and Raises Full-Year Guidance DETROIT – General Motors Co. (NYSE: GM) today reported first-quarter 2024 revenue of $43.0 billion, net income attributable to stockholders of $3.0 billion and EBIT-adjusted of $3.9 billion. GM is also updating its 2024 full-year earnings guidance:”
ENPH Enphase Energy, Inc.

Enphase Energy, Inc. reported the first quarter ended March 31, 2024 results: revenue $263.3 million, net income GAAP net loss of $16.1 million; non-GAAP net income of $48.0 million, EPS GAAP diluted loss per share of $0.12; non-GAAP diluted earnings per share of $0.35.

“today financial results for the first quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $263.3 million in the first quarter of 2024, along with 46.2% for non-GAAP gross margin. We shipped 1,382,195 microinverters, or approximately 603.6 megawatts DC, and 75.5 megawatt hours of IQ”
ZWS Zurn Elkay Water Solutions Corp

Zurn Elkay Water Solutions Corp updated its the quarter ended March 31, 2024 guidance (reaffirmed).

“Zurn Elkay Water Solutions Corporation (the "Company") is filing this Current Report on Form 8-K to furnish its earnings release dated April 23, 2024, regarding its financial results for the quarter ended March 31, 2024, which is furnished herewith as Exhibit 99.1.”
PM Philip Morris International Inc.

Philip Morris International Inc. reported the quarter ended March 31, 2024 results: EPS $1.38. Guidance raised.

“On April 23, 2024, Philip Morris International Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024”
MSCI MSCI Inc.

MSCI Inc. reported First quarter ended March 31, 2024 results: revenue Operating revenues of $680.0 million, net income Net income of $256.0 million, EPS Diluted EPS of $3.22.

“Operating revenues of $680.0 million, up 14.8%; Organic operating revenue growth of 10.3%”
RETAIL OPPORTUNITY INVESTMENTS CORP

RETAIL OPPORTUNITY INVESTMENTS CORP reported three months ended March 31, 2024 results: net income $11.0 million, EPS $0.09 per diluted share. Guidance reaffirmed.

“On April 23, 2024, Retail Opportunity Investments Corp. (the "Company") issued an earnings release announcing its financial results for the quarter ended March 31, 2024.”
V VISA INC.

VISA INC. reported fiscal second quarter ended March 31, 2024 results: revenue $8.8B, net income $4.7B, EPS $2.29.

“Results San Francisco, CA, April 23, 2024 – Visa (NYSE: V) • GAAP net income of $4.7B or $2.29 per share and non-GAAP net income of $5.1B or $2.51 per share • Net revenue of $8.8B, an increase of 10% on a nominal and constant-dollar basis • Growth in payments volume, processed transactions and cross-border volume remained relatively stable • Share”
HRI HERC HOLDINGS INC

HERC HOLDINGS INC reported first quarter ended March 31, 2024 results: revenue $804 million, net income $65 million, EPS $2.29 per diluted share. Guidance reaffirmed.

“(EX-99.1) --- Herc Holdings Reports Strong First Quarter 2024 Results and Affirms 2024 Full Year Guidance First Quarter 2024 Highlights – Record first quarter total revenues of $804 million, an increase of 9% – Net income decreased 3% to $65 million, or $2.29 per diluted share – Adjusted EBITDA of $339 million increased 10%; adjusted EBITDA margin increased to 42.2%”
AEYE AUDIOEYE INC

AUDIOEYE INC reported first quarter ended March 31, 2024 results: revenue $8.1M, net income $0.8M, or $(0.07) per share. Guidance raised.

“and we are well positioned to meet the much higher demand expected from the public sector.” First Quarter 2024 Financial Results ● Total revenue increased 4% to a record $8.1M from $7.8M in the same prior year period. ● Gross profit increased to $6.3M (78% of total revenue) from $6.1M (78% of total revenue) in the same prior year period. The”
MGYR Magyar Bancorp, Inc.

Magyar Bancorp, Inc. reported three and six months ended March 31, 2024 results: net income Net income for the six months ended March 31, 2024 was $3,549,000 compared with net income of $3,606,000 for the six mon, EPS Basic and diluted earnings per share were unchanged at $0.56 for the six months ended March 31, 2024 compared with the s.

“Magyar Bancorp (NASDAQ: MGYR) (“Company”), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2024. The Company reported a 6% increase in its net income for the three months ended March 31, 2024, to $1,897,000 compared with net income of $1,796,000 for the three months ended March 31, 2023. Net income for the six months ended March 31, 2024 was $3,549,000 compared with net income of $3,606,000 for the six months ended March 31, 2023. Basic and diluted earnings per share were $0.30 for the three months ended March 31, 2024 compared with $0.28 for the three months ended March 31, 2023.”
TSLA Tesla, Inc.

Tesla, Inc. reported the quarter ended March 31, 2024 results: revenue $21.3B, net income $1.1B GAAP net income in Q1, EPS 0.34.

“(2,531) -674% Cash, cash equivalents and investments 22,402 23,075 26,077 29,094 26,863 20% F I N A N C I A L S U M M A R Y Revenue Total revenue declined 9% YoY in Q1 to $21.3B. YoY, revenue was impacted by the following items: - reduced vehicle average selling price (ASP) YoY (excl. FX impact), including unfavorable impact of mix - decline in vehicle”
BVFL BV Financial, Inc.

BV Financial, Inc. reported the three months ended March 31, 2024 results: net income $2.6 million, EPS $0.24 per diluted share.

“On April 22, 2024, BV Financial, Inc. (the “Company”), the holding company for BayVanguard Bank, issued a press release announcing its financial results for the three months ended March 31, 2024.”
HAWAIIAN HOLDINGS INC

HAWAIIAN HOLDINGS INC reported the first quarter of 2024 results: net income Net Loss ($137.6M), EPS Diluted EPS ($2.65).

“Hawaiian Holdings Reports 2024 First Quarter Financial Results”
BANC BANC OF CALIFORNIA, INC.

BANC OF CALIFORNIA, INC. reported first quarter ended March 31, 2024 results: net income $28.2 million, or $0.17 per diluted common share, EPS $0.17 per diluted common share.

“The Company recorded net earnings available to common and equivalent stockholders of $28.2 million, or $0.17 per diluted common share, for the first quarter of 2024.”
JBLU JETBLUE AIRWAYS CORP

JETBLUE AIRWAYS CORP reported the first quarter ended March 31, 2024 results: revenue $2.2 billion, net income $716 million, EPS $2.11 loss per share. Guidance lowered.

“net loss for the first quarter of 2024 of $145 million (1) or $0.43 loss per share. • First quarter of 2024 capacity decreased by 2.7% year-over-year. • Operating revenue of $2.2 billion for the first quarter of 2024, down 5.1% year-over-year. • Operating expense for the first quarter of 2024 increased by 14.0% year-over-year to $2.9 billion. • Operating expense”
WNEB Western New England Bancorp, Inc.

Western New England Bancorp, Inc. reported the three months ended March 31, 2024 results: net income net income of $3.0 million, or $0.14 per diluted share, EPS $0.14 per diluted share.

“The Company reported net income of $3.0 million, or $0.14 per diluted share, for the three months ended March 31, 2024, compared to net income of $5.3 million, or $0.24 per diluted share, for the three months ended March 31, 2023.”
LRN Stride, Inc.

Stride, Inc. reported third fiscal quarter ended March 31, 2024 results: revenue $520.8 million, net income $69.7 million, EPS $1.60.

“education companies, today announced its results for the third fiscal quarter ended March 31, 2024. Third Quarter Fiscal 2024 Highlights Compared to 2023 Revenue of $520.8 million, compared with $470.3 million, driven by continued strong enrollment trends. Income from operations of $88.3 million, compared with $72.2 million. Net income of $69.7 million,”
WRB BERKLEY W R CORP

BERKLEY W R CORP reported financial results for first quarter of 2024.

“Reference is made to the press release of W. R. Berkley Corporation (the “Company”) relating to the announcement of the Company’s results of operations for the first quarter of 2024.”
STX Seagate Technology Holdings plc

Seagate Technology Holdings plc reported financial results for fiscal third quarter ended March 29, 2024.

“On April 23, 2024, Seagate Technology Holdings plc (the “Company” or “Seagate”) issued a press release reporting its financial results for the fiscal third quarter ended March 29, 2024.”
PINNACLE FINANCIAL PARTNERS INC

PINNACLE FINANCIAL PARTNERS INC reported the three months ended March 31, 2024 results: EPS $1.57.

“OR IMMEDIATE RELEASE MEDIA CONTACT: Joe Bass, 615-743-8219 FINANCIAL CONTACT: Harold Carpenter, 615-744-3742 WEBSITE: www.pnfp.com PNFP REPORTS 1Q24 DILUTED EPS OF $1.57 Total revenues increased 32.1 percent linked-quarter annualized and 6.6 percent year-over-year NASHVILLE, TN, April 22, 2024 - Pinnacle Financial Partners, Inc.”
HAFC HANMI FINANCIAL CORP

HANMI FINANCIAL CORP reported for the first quarter of 2024 results: net income $15.2 million, EPS $0.50 per diluted share.

“Hanmi Reports 2024 First Quarter Results LOS ANGELES, April 23, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”) , the parent company of Hanmi Bank (the “Bank”), today reported financial results for the first quarter of 2024. Net income for the first quarter of 2024 was $15.2 million, or $0.50 per diluted share”
UPS UNITED PARCEL SERVICE INC

UNITED PARCEL SERVICE INC reported first quarter ended March 31, 2024 results: revenue $21.7 billion, net income $1,113 million, EPS $1.30 per diluted share. Guidance reaffirmed.

“Compared to $2.20 Last Year • Reaffirms Full-Year 2024 Financial Guidance ATLANTA – April 23, 2024 – UPS (NYSE:UPS) today announced first-quarter 2024 consolidated revenues of $21.7 billion, a 5.3% decrease from the first quarter of 2023. Consolidated operating profit was $1.6 billion, down 36.5% compared to the first quarter of 2023, and down 31.5% on an adjusted”
XEROX CORP

XEROX CORP reported first quarter 2024 results: revenue $1.50 billion, net income GAAP net loss of $(113) million, or $(0.94) per share.

“Results Implemented comprehensive changes to operating model; on track to meet Reinvention targets despite a challenging first quarter Financial Summary Q1 2024 • Revenue of $1.50 billion, down 12.4 percent, or 13.2 percent in constant currency. • GAAP net loss of $(113) million, or $(0.94) per share, a decrease of $184 million or $1.37 per share, year-over-year,”
GCBC GREENE COUNTY BANCORP INC

GREENE COUNTY BANCORP INC reported three months ended March 31, 2024 results: net income $5.9 million, EPS $0.34 per basic and diluted share.

“Net income for the three and nine months ended March 31, 2024 was $5.9 million, or $0.34 per basic and diluted share, and $18.0 million, or $1.06 per basic and diluted share, respectively, as compared to $8.1 million, or $0.48 per basic and diluted share, and $24.3 million, or $1.43 per basic and diluted share, for the three and nine months ended March 31, 2023, respectively.”
EWBC EAST WEST BANCORP INC

EAST WEST BANCORP INC reported financial results for first quarter of 2024.

“On April 23, 2024, East West Bancorp, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2024.”
LKQ LKQ CORP

LKQ CORP updated its full year 2024 guidance (lowered).

“We are reiterating our full year adjusted earnings per share and free cash flow guidance based on our confidence in the core strengths of our businesses and the action plans already in motion to recover the first quarter’s underperformance. We have lowered the range of our organic revenue growth guidance in recognition of the softer than expected first quarter demand and lowered our GAAP earnings per share guidance due to higher projected restructuring and transaction related expenses than prior guidance.”
LKQ LKQ CORP

LKQ CORP reported first quarter 2024 results: revenue $3.7 billion, net income $158 million, EPS $0.59.

“Revenue for the first quarter of 2024 was $3.7 billion, an increase of 10.6% compared to $3.3 billion for the first quarter of 2023. For the first quarter of 2024, parts and services organic revenue decreased 0.3% (0.5% increase on a per day basis), foreign exchange rates increased revenue by 0.8% and the net impact of acquisitions and divestitures increased revenue by 11.6% year over year, for a total parts and services revenue increase of 12.1%. Other revenue for the first quarter of 2024 fell 14.6% primarily due to weaker precious metals prices relative to the same period in 2023. Net income 2 for the first quarter of 2024 was $158 million compared to $270 million for the same period of 2023. Diluted earnings per share 2 for the first quarter of 2024 was $0.59 compared to $1.01 for the same period of 2023, a decrease of 41.6%.”
FBP FIRST BANCORP /PR/

FIRST BANCORP /PR/ reported the quarter ended March 31, 2024 results: net income $73.5 million, or $0.44 per diluted share.

“On April 23, 2024, First BanCorp. (the “Corporation”), the bank holding company for FirstBank Puerto Rico (“FirstBank” or the “Bank”), issued a press release announcing its unaudited results of operations for the quarter ended March 31, 2024.”
CSGP COSTAR GROUP, INC.

COSTAR GROUP, INC. reported the quarter ended March 31, 2024 results: revenue $656 million, net income $7 million, EPS $0.02. Guidance raised.

“CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended March 31, 2024 was $656 million, up 12% over revenue of $584 million for the quarter ended March 31, 2023. Net income was $7 million in the first quarter and net income per diluted share was $0.02 for the first quarter of 2024.”
MANH MANHATTAN ASSOCIATES INC

MANHATTAN ASSOCIATES INC reported for the three months ended March 31, 2024 results: revenue $254.6 million, EPS $0.86. Guidance raised.

“Full-Year Guidance ATLANTA – April 23, 2024 – Leading Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. (NASDAQ: MANH) today reported revenue of $254.6 million for the first quarter ended March 31, 2024. GAAP diluted earnings per share for Q1 2024 was $0.86 compared to $0.62 in Q1 2023. Non-GAAP adjusted diluted earnings per share for”
PGC PEAPACK GLADSTONE FINANCIAL CORP

PEAPACK GLADSTONE FINANCIAL CORP reported the quarter ended March 31, 2024 results: revenue $53.1 million, net income $8.6 million, EPS $0.48.

“website at www.pgbank.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov . The Company recorded total revenue of $53.1 million, net income of $8.6 million and diluted earnings per share (“EPS”) of $0.48 for the quarter ended March 31, 2024, compared to revenue of $62.0 million, net income of $18.4”
TCMD TACTILE SYSTEMS TECHNOLOGY INC

TACTILE SYSTEMS TECHNOLOGY INC reported the fiscal quarter ended March 31, 2024 results: revenue approximately $61 million.

“veteran and board director Sheri Dodd appointed as Chief Executive Officer · Preliminary, unaudited total revenue for first quarter of 2024 expected to be approximately $61 million · Management to host conference call on May 6, 2024 to discuss first quarter 2024 financial results MINNEAPOLIS, MN, April 23, 2024 – Tactile Systems Technology, Inc. (“Tactile”
DGX QUEST DIAGNOSTICS INC

QUEST DIAGNOSTICS INC reported the quarter ended March 31, 2024 results: revenue $2,366, net income $194, EPS $1.72. Guidance raised.

“adjusted earnings guidance for the full year," Mr. Davis said. Three Months Ended March 31, 2024 2023 Change (dollars in millions, except per share data) Reported: Net revenues $ 2,366 $ 2,331 1.5 % Diagnostic Information Services revenues $ 2,298 $ 2,259 1.7 % Revenue per requisition 0.1 % Requisition volume 1.6 % Organic requisition volume 1.0 % Operating”
ENTERPRISE BANCORP INC /MA/

ENTERPRISE BANCORP INC /MA/ reported the three months ended March 31, 2024 results: net income $8.5 million, EPS $0.69 per diluted common share.

“Enterprise Bancorp, Inc. (NASDAQ: EBTC), parent of Enterprise Bank, announced its financial results for the three months ended March 31, 2024. Net income amounted to $8.5 million, or $0.69 per diluted common share, for the three months ended March 31, 2024, compared to $7.9 million, or $0.64 per diluted share, for the three months ended December 31, 2023 and $10.8 million, or $0.88 per diluted share, for the three months ended March 31, 2023.”
RTX RTX Corp

RTX Corp reported financial results for first quarter 2024.

“On April 23, 2024, RTX Corporation (the “ Company ”) issued a press release announcing its first quarter 2024 results.”
OPCH Option Care Health, Inc.

Option Care Health, Inc. reported first quarter ended March 31, 2024 results: revenue $1,146.1 million, net income $44.8 million, EPS $0.26 earnings per share.

“site infusion services, announced today financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Results and Highlights • Net revenue of $1,146.1 million, up 12.8% compared to $1,015.8 million in the first quarter of 2023 • Gross profit of $238.5 million, or 20.8% of net revenue, up 4.1% compared to $229.0 million, or 22.5% of net”
TFC TRUIST FINANCIAL CORP

TRUIST FINANCIAL CORP reported first quarter 2024 results: revenue 4.87 billion, net income $1.1 billion, EPS $0.81 per diluted share.

“Truist reports first quarter 2024 results Net income of $1.1 billion, or $0.81 per share”
SSD Simpson Manufacturing Co., Inc.

Simpson Manufacturing Co., Inc. reported the first quarter of 2024 results: revenue $530.6 million, net income $75.4 million, EPS $1.77 per diluted share.

“Press Release dated April 22, 2024 SIMPSON MANUFACTURING CO., INC. ANNOUNCES 2024 FIRST QUARTER FINANCIAL RESULTS Pleasanton, CA – April 22, 2024 l Net sales of $530.6 million l Income from operations of $96.1 million l Net income per diluted share of $1.77 Simpson Manufacturing Co., Inc. (the “Company”) (NYSE: SSD), an industry leader in engineered structural connectors and building solutions, today announced its financial results for the first quarter of 2024.”
AZZ AZZ INC

AZZ INC reported Three months ended February 29, 2024 results: revenue $366.5 million, net income $17.9 million, EPS $0.56.

“Fourth Quarter 2024 Overview (results from continuing operations as compared to prior year (1) ): ◦ Total Sales of $366.5 million, up 8.9% ▪ Metal Coatings sales of $154.4 million, up 3.3% ▪ Precoat Metals sales of $212.1 million, up 13.4% ◦ Diluted EPS of $0.56, up 273.3% versus prior year, Adjusted EPS of $0.93, up 210.0% ◦ Net Income of $17.9 million, up 140.5%; Adjusted net income of $27.5 million, up 260.3%”
AZZ AZZ INC

AZZ INC reported Fiscal year ended February 29, 2024 results: revenue $1,537.6 million, net income $101.6 million, EPS $3.46.

“Fiscal Year 2024 Overview (results from continuing operations as compared to prior year (1)(2) ): ◦ Total Sales $1,537.6 million, up 16.2% ▪ Metal Coatings sales of $656.2 million, up 3.0% ▪ Precoat Metals sales of $881.4 million, up 28.4% ◦ Diluted EPS of $3.46, up 48.5% versus prior year, Adjusted EPS of $4.53, up 34.8% ◦ Net Income of $101.6 million, up 53.2%; Adjusted net income of $132.8 million, up 39.5%”
CATY CATHAY GENERAL BANCORP

CATHAY GENERAL BANCORP reported the quarter ended March 31, 2024 results: net income $71.4 million, EPS $0.98 per share.

“On April 22, 2024, Cathay General Bancorp (the “Company”) announced, in a press release, its financial results for the quarter ended March 31, 2024.”
RLI RLI CORP

RLI CORP reported first quarter of 2024 results: net income $127.9 million ($2.77 per share), EPS $2.77.

“RLI Corp. reported first quarter 2024 net earnings of $127.9 million ($2.77 per share), compared to $98.8 million ($2.15 per share) for the first quarter of 2023.”
DX DYNEX CAPITAL INC

DYNEX CAPITAL INC reported financial results for the quarter ended March 31, 2024.

“On April 22, 2024, Dynex Capital, Inc. (the "Company") issued a press release, which is available on its website ( www.dynexcapital.com under “Investor Center/News & Market Information”), reporting its financial condition and financial results as of and for the quarter ended March 31, 2024.”
AMP AMERIPRISE FINANCIAL INC

AMERIPRISE FINANCIAL INC reported the first quarter of 2024 results: net income $990, EPS $9.46.

“Ameriprise Financial, Inc. furnishes herewith, on Exhibit 99.1, a press release issued April 22, 2024, announcing its financial results for the first quarter of 2024.”
CDNS CADENCE DESIGN SYSTEMS INC

CADENCE DESIGN SYSTEMS INC reported the first quarter of 2024 results: revenue $1.009 billion, EPS $0.91. Guidance raised.

“Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the first quarter of 2024. First Quarter 2024 Financial Results • Revenue of $1.009 billion, compared to revenue of $1.022 billion in Q1 2023 • GAAP operating margin of 25%, compared to 32% in Q1 2023 • Non-GAAP operating margin of 38%, compared to 42% in Q1 2023 • GAAP diluted net income per share of $0.91, compared to $0.89 in Q1 2023 • Non-GAAP diluted net income per share of $1.17, compared to $1.29 in Q1 2023”

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.