secwatch / observer

Earnings Releases

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

8-K items 2.02 JSON
TELLURIAN INC. /DE/

TELLURIAN INC. /DE/ reported the quarter ended March 31, 2024 results: revenue approximately $25.5 million, net income approximately $44.0 million, or $0.06 per share (basic and diluted), EPS $0.06 per share (basic and diluted).

“the U.S. Federal Energy Regulatory Commission and its Section 404 permit from the U.S. Army Corps of Engineers. Consolidated financial results Tellurian generated approximately $25.5 million in natural gas revenues in the first quarter of 2024, driven by decreased realized natural gas prices and production volumes, compared to $50.9 million in the first quarter of”
LNC LINCOLN NATIONAL CORP

LINCOLN NATIONAL CORP reported the first quarter ended March 31, 2024 results: net income $1.2 billion, EPS $6.93 per diluted share.

“Lincoln Financial Group (NYSE: LNC) today reported financial results for the first quarter ended March 31, 2024. • Net income available to common stockholders was $1.2 billion, or $6.93 per diluted share.”
VECTOR GROUP LTD

VECTOR GROUP LTD reported for the three months ended March 31, 2024 results: revenue $324.6 million, net income $34.8 million, or $0.22 per diluted common share, EPS $0.22 per diluted common share.

“VECTOR GROUP REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Continued Strong Earnings Growth in Tobacco Segment First Quarter 2024 Highlights: • Consolidated revenues of $324.6 million, down 2.9% or $9.6 million compared to the prior year period. • Tobacco segment revenues of $324.6 million, down 2.9% or $9.6 million compared to the prior year period. • Tobacco”
LEE LEE ENTERPRISES, Inc

LEE ENTERPRISES, Inc updated its second quarter ended March 24, 2024 guidance (reaffirmed).

“On May 2, 2024, Lee Enterprises, Incorporated (the “Company”) reported its preliminary results for the second quarter ended March 24, 2024.”
MZTI MARZETTI CO

MARZETTI CO reported financial results for three and nine months ended March 31, 2024.

“On May 2, 2024, Lancaster Colony Corporation issued a press release announcing its results for the three and nine months ended March 31, 2024.”
NVRI ENVIRI Corp

ENVIRI Corp reported financial results for the first quarter ended March 31, 2024.

“On May 2, 2024, Enviri Corporation (the “Company”) issued a press release announcing its earnings for the first quarter ended March 31, 2024.”
BOOM DMC Global Inc.

DMC Global Inc. reported quarter ended March 31, 2024 results: EPS $0.01.

“• First quarter sales were $166.9 million, down 9% vs. Q1 2023 • Net income was $2.3 million, while net income attributable to DMC was $2.6 million • Adjusted net income attributable to DMC* was $4.2 million versus $6.1 million in Q1 2023 • Adjusted diluted EPS attributable to DMC* was $0.21 versus $0.32 in Q1 2023”
KELLANOVA

KELLANOVA reported quarter ended March 30, 2024 results: revenue $3,200, EPS $0.78. Guidance reaffirmed.

“delivering results and creating shareowner value." 1 Financial Summary: Quarter ended (millions, except per share data) March 30, 2024 April 1, 2023 % Change Reported Net Sales $ 3,200 $ 3,342 (4.3) % Organic Net Sales * $ 3,495 $ 3,315 5.4 % Reported Operating Profit $ 393 $ 346 13.4 % Adjusted Operating Profit * $ 508 $ 404 25.7 % Currency-Neutral Adjusted”
HWM Howmet Aerospace Inc.

Howmet Aerospace Inc. reported first quarter of 2024 results: revenue $1.82 billion, net income $243 million, EPS $0.59. Guidance raised.

“Profit and Cash from Operations $150 Million Deployed for Common Stock Repurchases Full Year 2024 Guidance Increased First Quarter 2024 GAAP Financial Results · Revenue of $1.82 billion, up 14% year over year, driven by commercial aerospace, up 23% · Net income of $243 million versus $148 million in the first quarter 2023; earnings per share of $0.59 versus”
CoreCard Corp

CoreCard Corp reported the quarter ended March 31, 2024 results: revenue $13.1 million, net income $0.4 million, EPS $0.05.

“Total revenues in the three-month period ended March 31, 2024, was $13.1 million compared to $14.8 million in the comparable period in 2023.”
AAPL Apple Inc.

Apple Inc. reported fiscal 2024 second quarter ended March 30, 2024 results: revenue $90.8 billion, EPS $1.53.

“The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53.”
AMGN AMGEN INC

AMGEN INC reported first quarter 2024 results: revenue $7.4 billion, EPS $3.96.

“For the first quarter, total revenues increased 22% to $7.4 billion in comparison to the first quarter of 2023.”
VAL Valaris Ltd

Valaris Ltd reported first quarter 2024 results: revenue $525 million, net income $26 million.

“quarter, partially offset by more operating days for the floater fleet. Adjusted EBITDAR decreased to $84 million from $96 million in the fourth quarter. Revenues increased to $525 million from $484 million in the fourth quarter 2023. Excluding reimbursable items, revenues increased to $491 million from $453 million in the fourth quarter primarily due to VALARIS”
WEN Wendy's Co

Wendy's Co reported financial results for first quarter ended March 31, 2024.

“On May 2, 2024, The Wendy’s Company (the “Company”) issued a press release reporting its financial results for the fiscal quarter ended March 31, 2024 and other information.”
CHD CHURCH & DWIGHT CO INC /DE/

CHURCH & DWIGHT CO INC /DE/ reported the quarter ended March 31, 2024 results: revenue $1,503.3 million, EPS $0.93. Guidance raised.

“(NYSE: CHD) today announced the Company exceeded its outlook with stronger than expected sales growth and gross margin expansion. In the first quarter, net sales grew 5.1% to $1,503.3 million, gross margin expanded by 220 basis points, and reported EPS grew 13.4%. The Company continues to drive strong consumer demand across its portfolio. Organic sales grew 5.2%”
DXYN DIXIE GROUP INC

DIXIE GROUP INC reported first quarter ended March 30, 2024 results: revenue $65,254,000, net income net loss from continuing operations in the first quarter of 2024 was $2,410,000, EPS $0.16 per diluted share.

“(May 2, 2024) -- The Dixie Group, Inc. (NASDAQ: DXYN) today reported financial results for the quarter ended March 30, 2024. • Net sales in the first quarter of 2024 were $65.3 million compared to $67.1 million in the same period of the prior year • The gross profit margin for the three months of the first quarter of 2024 was 24.2% of net sales compared to”
DBD DIEBOLD NIXDORF, Inc

DIEBOLD NIXDORF, Inc reported financial results for first quarter of 2024.

“On May 2, 2024, Diebold Nixdorf, Incorporated (the “Company”) issued a news release announcing its results for the first quarter of 2024 (the "News Release").”
CW CURTISS WRIGHT CORP

CURTISS WRIGHT CORP reported first quarter ended March 31, 2024 results: revenue $713 million, EPS $1.99. Guidance raised.

“– May 1, 2024 – Curtiss-Wright Corporation (NYSE: CW) reports financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights: • Reported sales of $713 million, up 13%, operating income of $100 million, up 27%, operating margin of 14.0%, and diluted earnings per share (EPS) of $1.99; • Adjusted operating income of $100 million, up 23%;”
CMI CUMMINS INC

CUMMINS INC reported the first quarter of 2024 results: revenue $8.4 billion, net income $2.0 billion, EPS $14.03 per diluted share. Guidance raised.

“of the Company under the Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- May 2, 2024 Cummins Reports First Quarter 2024 Results • First quarter revenues of $8.4 billion; GAAP 1 Net Income of $2.0 billion • EBITDA in the first quarter was 30.6% of sales; Diluted EPS of $14.03 • First quarter results include a net gain of $1.3 billion, or $9.08”
CTO CTO Realty Growth, Inc.

CTO Realty Growth, Inc. reported the quarter ended March 31, 2024 results: net income $4,655, EPS $0.20. Guidance raised.

“Reported Net Income per diluted share attributable to common stockholders of $0.20 for the quarter ended March 31, 2024.”
ITT ITT INC.

ITT INC. reported first quarter ended March 30, 2024 results: revenue $910.6, EPS $1.34. Guidance raised.

“compensation payments. Free cash flow for the quarter of $30 million increased $1 million versus prior year. 1 Table 1. First Quarter Performance Q1 2024 Q1 2023 Change Revenue $ 910.6 $ 797.9 14.1 % Organic Growth 9.5 % Operating Income $ 149.2 $ 124.3 20.0 % Operating Margin 16.4 % 15.6 % 80 bps Adjusted Operating Income $ 155.0 $ 126.2 22.8 % Adjusted”
COHU COHU INC

COHU INC reported first fiscal quarter ended March 30, 2024 results: revenue $107.6 million, net income $14.6 million or $0.31 per share, EPS $0.31 per share.

“made by Cohu wit --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_664873.htm EXHIBIT 99.1 ex_664873.htm Exhibit 99.1 Cohu Reports First Quarter 2024 Results ● First quarter revenue $107.6 million, approximately 66% recurring ● Gross margin of 45.8%; non-GAAP gross margin of 46.0% ● Sense+ system with μ -sense selected for testing next-generation high fidelity microphones”
VSTS Vestis Corp

Vestis Corp updated its the quarter ended March 29, 2024 guidance (lowered).

“On May 2, 2024 , Vestis Corporation (the “Company”) issued a press release announcing the results of the Company’s operations for the quarter ended March 29, 2024.”
Kimco Realty OP, LLC

Kimco Realty OP, LLC reported first quarter ended March 31, 2024 results: net income ($18.9) million, EPS ($0.03) per diluted share.

“On May 2, 2024, Kimco Realty Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024.”
ZYME Zymeworks Inc.

Zymeworks Inc. reported three months ended March 31, 2024 results: revenue $10.0 million.

“Revenue was $10.0 million for the three months ended March 31, 2024 compared to $35.6 million for the same period in 2023.”
RXO RXO, Inc.

RXO, Inc. reported the first quarter of 2024 results: net income GAAP net loss of $15 million, EPS GAAP diluted loss per share of $0.13. Guidance initiated.

“The company reported a first-quarter 2024 GAAP net loss of $15 million, compared to $0 of net income in the first quarter of 2023. The first-quarter 2024 GAAP net loss included $12 million in transaction, integration and restructuring costs. The adjusted net loss in the quarter was $4 million, compared to adjusted net income of $13 million in the first quarter of 2023. Adjusted EBITDA was $15 million, compared to $37 million in the first quarter of 2023. Adjusted EBITDA margin was 1.6%, compared to 3.7% in the first quarter of 2023. Transaction, integration and restructuring costs, and amortization of intangibles, impacted GAAP earnings per share by $0.10, net of tax. For the first quarter, RXO reported a GAAP diluted loss per share of $0.13.”
Federal Realty OP LP

Federal Realty OP LP reported financial results for the quarter ended March 31, 2024.

“On May 2, 2024, Federal Realty Investment Trust issued supplemental data pertaining to its operations, as well as a press release, to report its financial results for the quarter ended March 31, 2024.”
DKNG DraftKings Inc.

DraftKings Inc. reported the quarter ended March 31, 2024 results: revenue $1,175 million. Guidance raised.

“as amended, except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million Boston, MA – May 2, 2024 — DraftKings Inc. (Nasdaq: DKNG)”
OLPX OLAPLEX HOLDINGS, INC.

OLAPLEX HOLDINGS, INC. updated its first quarter ended March 31, 2024 guidance (reaffirmed).

“On May 2, 2024, Olaplex Holdings, Inc. (the “Company”) issued a press release announcing its results of operations for the first quarter ended March 31, 2024.”
SWAG Stran & Company, Inc.

Stran & Company, Inc. reported financial results for the fiscal quarter ended March 31, 2024.

“On May 2, 2024, Stran & Company, Inc. (the “Company”) issued a press release announcing that the Company will hold a conference call at 10:00 A.M. Eastern Time on Wednesday, May 15, 2024, to discuss its financial results for the fiscal quarter ended March 31, 2024”
BTSG BrightSpring Health Services, Inc.

BrightSpring Health Services, Inc. reported first quarter ended March 31, 2024 results: revenue $2,577 million, net income Net loss of $46 million. Guidance raised.

“today announced financial results for the first quarter ended March 31, 2024, and increases 2024 revenue and Adjusted EBITDA 1 guidance. Financial Highlights • Net Revenue of $2,577 million, up 27.0% compared to $2,028 million in the first quarter of 2023. • Net loss of $46 million, compared to net loss of $22 million in the first quarter of 2023. • Adjusted EBITDA”
Stronghold Digital Mining, Inc.

Stronghold Digital Mining, Inc. reported the first quarter ended March 31, 2024 results: revenue $27.5 million, net income $5.8 million.

“Stronghold Digital Mining, Inc. ( NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today announced financial and operational results for the first quarter of 2024 and provided other strategic updates: Recent Financial Highlights • The Company generated revenues of $27.5 million during the first quarter of 2024, up 27% sequentially and 59% year-over-year. Revenues comprised $26.7 million from cryptocurrency operations, $0.7 million from the sale of energy, and $0.1 million from other activities. • First quarter 2024 fixed costs were down 3% sequentially and 11% year-over-year, demonstrating Stronghold’s operating leverage and cost controls. Fixed costs include operations & maintenance expenses and general & administrative expenses, excluding stock-based compensation. • The Company earned GAAP Net Income of $5.8 million and non-GAAP Adjusted EBITDA of $8.7 million during the first quarter of 2024.”
APO Apollo Global Management, Inc.

Apollo Global Management, Inc. reported financial results for first quarter ended March 31, 2024.

“On May 2, 2024, Apollo Global Management, Inc. ("Apollo") issued a summary press release and a detailed earnings presentation announcing its financial results for the first quarter ended March 31, 2024.”
CLST Catalyst Bancorp, Inc.

Catalyst Bancorp, Inc. reported first quarter of 2024 results: net income net loss of $4.7 million.

“Catalyst Bancorp, Inc. (Nasdaq: “CLST”) (the “Company”), the parent company for Catalyst Bank (the “Bank”) (www.catalystbank.com), reported a net loss of $4.7 million for the first quarter of 2024”
RYAN RYAN SPECIALTY HOLDINGS, INC.

RYAN SPECIALTY HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $552.0 million, net income $40.7 million, EPS $0.13 per diluted share.

“RYAN SPECIALTY REPORTS FIRST QUARTER 2024 RESULTS - Total Revenue grew 20.6% year-over-year to $552.0 million - - Organic Revenue Growth Rate* of 13.7% year-over-year 1 - - Net Income of $40.7 million, or $0.13 per diluted share”
APA APA Corp

APA Corp reported first quarter of 2024 results: net income net income attributable to common stock of $132 million, EPS $0.44 per diluted share. Guidance reaffirmed.

“APA reported net income attributable to common stock of $132 million, or $0.44 per diluted share. When adjusted for items that impact the comparability of results, APA’s first-quarter earnings were $237 million, or $0.78 per diluted share.”
BMEA Biomea Fusion, Inc.

Biomea Fusion, Inc. reported financial results for the quarter ended March 31, 2024.

“On May 2, 2024, Biomea Fusion, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2024.”
AdTheorent Holding Company, Inc.

AdTheorent Holding Company, Inc. reported first quarter ended March 31, 2024 results: revenue Revenue was $34.9 million, net income Net loss was $9.9 million.

“First Quarter 2024 Financial Overview: • Revenue was $34.9 million, a 6.7% increase compared to $32.7 million in the first quarter of 2023.”
BBAI BigBear.ai Holdings, Inc.

BigBear.ai Holdings, Inc. reported the first quarter of 2024 results: revenue $33.1 million, net income $125.1 million. Guidance reaffirmed.

“autonomy at the edge, contested logistics, modeling & simulation, and digital identity for our customers,” she continued. Financial Highlights • Revenue decreased 21.4% to $33.1 million for the first quarter of 2024, compared to $42.2 million for the first quarter of 2023. The year-over-year decrease was primarily driven by the planned wind-down of the Air Force”
HAYW Hayward Holdings, Inc.

Hayward Holdings, Inc. reported first quarter ended March 30, 2024 of its fiscal year 2024 results: revenue $212.6 million, net income $9.8 million, EPS $0.04. Guidance reaffirmed.

“filing. --- EX-99.1 (EX-99.1) --- May 2, 2024 Hayward Holdings Announces First Quarter Fiscal Year 2024 Financial Results FIRST QUARTER FISCAL 2024 SUMMARY • Net Sales of $212.6 million • Net Income of $9.8 million • Adjusted EBITDA* of $45.0 million • Diluted EPS of $0.04 and adjusted diluted EPS* of $0.08 CHARLOTTE, N.C. -- (BUSINESS WIRE) -- Hayward Holdings,”
ALHC Alignment Healthcare, Inc.

Alignment Healthcare, Inc. reported first quarter ended March 31, 2024 results: revenue $628.6 million, net income $(46.6) million. Guidance raised.

“in such filing. --- EX-99.1 (PRESS RELEASE) --- EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Alignment Healthcare Reports First Quarter 2024 Results Reports $628.6 million in total revenue and $627.6 million in revenue excluding ACO REACH, up 43.1% and 54.2% y ear-over-year respectively Medicare Advantage membership grows 50.5% year-over-year to”
Longboard Pharmaceuticals, Inc.

Longboard Pharmaceuticals, Inc. reported financial results for first quarter 2024.

“On May 2, 2024, Longboard Pharmaceuticals, Inc. ("Longboard") issued a press release announcing its financial results for the quarter ended March 31, 2024.”
HIPO Hippo Holdings Inc.

Hippo Holdings Inc. reported the quarter ended March 31, 2024 results: revenue $85 million, net income $36 million.

“with Services and Insurance-as-a-Service (“IaaS”) representing 80% of TGP • Services and IaaS driving TGP growth, up 37% and 25% YoY, respectively in Q1 • Revenue up 114% YoY to $85 million; significantly better Revenue monetization in Hippo Home Insurance Program (“HHIP") Continued HHIP Loss Ratio Improvement • HHIP Q1 gross loss ratio improved 21pp YoY to 80% • Q1”
DFH Dream Finders Homes, Inc.

Dream Finders Homes, Inc. reported first quarter ended March 31, 2024 results: revenue $825 million, net income $54 million, EPS $0.55 per basic share.

“Securities Act of 1933, as amended, or the Exchange Act. --- EX-99.1 (EX-99.1) --- Dream Finders Announces First Quarter 2024 Results First Quarter Homebuilding Revenues of $825 million Net New Orders Up 19% , Net Income to DFH Up 11% Return on Participating Equity of 34.9% Jacksonville, FL. — May 2, 2024 — Dream Finders Homes, Inc. (the “Company”, “Dream”
OWL BLUE OWL CAPITAL INC.

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

“On May 2, 2024, Blue Owl Capital Inc. (the “Company”) reported its financial results for the quarter ended March 31, 2024.”
SHC Sotera Health Co

Sotera Health Co reported three months ended March 31, 2024 results: revenue $248 million, net income $6 million, or $0.02 per diluted share, EPS $0.02 per diluted share. Guidance reaffirmed.

“incorporated by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Sotera Health Reports First-Quarter 2024 Results • Q1 2024 net revenues increased 12.5% to $248 million, compared to Q1 2023 • Q1 2024 net income of $6 million or $0.02 per diluted share, comp ared to net income of $3 million or $0.01 per diluted share in Q1 2023 • Q1 2024 Adjusted”
OGN Organon & Co.

Organon & Co. reported the first quarter ended March 31, 2024 results: revenue $1,622 million, net income $201 million, EPS $0.78. Guidance reaffirmed.

“First quarter 2024 revenue of $1,622 million, up 5% on an as-reported basis and 7% at constant currency • First quarter 2024 diluted earnings per share of $0.78 and non-GAAP Adjusted diluted earnings per share of $1.22; both reported and non-GAAP Adjusted diluted earnings per share include $15 million expense, or $(0.05) per share, for acquired in-process research and development (IPR&D) and milestones • First quarter 2024 net income of $201 million and Adjusted EBITDA (non-GAAP) of $538 million • Full year 2024 financial guidance ranges affirmed”
SHC Sotera Health Co

Sotera Health Co reported the three months ended March 31, 2024 results: revenue $248 million, net income $6 million, EPS $0.02 per diluted share. Guidance reaffirmed.

“First-quarter 2024 net revenues increased 12.5% to $248 million, compared to $221 million in the first-quarter 2023.”
SES SES AI Corp

SES AI Corp reported financial results for the fiscal quarter ended March 31, 2024.

“On May 2, 2024, SES AI Corporation (the “Company”) released a letter to its shareholders, which includes a business update and the Company’s financial results for the fiscal quarter ended March 31, 2024.”
DYN Dyne Therapeutics, Inc.

Dyne Therapeutics, Inc. reported the quarter ended March 31, 2024 results: net income $65.6 million, or $0.81 per basic and diluted share, EPS $0.81 per basic and diluted share.

“Net loss for the quarter ended March 31, 2024 was $65.6 million, or $0.81 per basic and diluted 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.