secwatch / observer

Earnings Releases

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

8-K items 2.02 JSON
PIPR PIPER SANDLER COMPANIES

PIPER SANDLER COMPANIES reported first fiscal quarter ended March 31, 2024 results: revenue $343, net income $42, EPS $2.43.

“dividends." First Quarter 2024 Results U.S. GAAP Adjusted (1) (Dollars in millions, except per share data) Q1 vs. vs. Q1 vs. vs. 2024 Q4-23 Q1-23 2024 Q4-23 Q1-23 Net revenues $343 -27 % 15 % $334 -27 % 15 % Pre-tax margin 15.3 % -2.9pp 6.6pp 16.8 % -4.9pp 2.7pp Net income attributable to Piper Sandler Companies $42 -18 % 66 % $50 -31 % 18 % Earnings per”
SAIA SAIA INC

SAIA INC reported first quarter 2024 results: revenue $754.8 million, EPS $3.38.

“$2.85 in the first quarter of 2023. Highlights from the first quarter operating results were as follows: First Quarter 2024 Compared to First Quarter 2023 Results • Revenue was $754.8 million, a 14.3% increase • Operating income was $117.9 million, an 18.9% increase • Operating ratio of 84.4% compared to 85.0% • LTL shipments per workday increased 15.7% • LTL tonnage”
OIS OIL STATES INTERNATIONAL, INC

OIL STATES INTERNATIONAL, INC reported the quarter ended March 31, 2024 results: revenue $167.3 million, net income net loss of $13.4 million, or $0.21 per diluted share, EPS $0.21 per diluted share.

“after-tax, or $0.15 per share) • Net loss of $1.9 million, or $0.03 per diluted share, excluding goodwill and other charges (a non-GAAP measure (1) ) • Consolidated revenues of $167.3 million decreased 20% sequentially, driven primarily by the timing of conversion of orders from backlog • Adjusted EBITDA (a non-GAAP measure (1) ) of $15.5 million • Received two 2024”
TROW PRICE T ROWE GROUP INC

PRICE T ROWE GROUP INC reported the first quarter of 2024 results: revenue $1.8 billion, net income $573.8 million, EPS $2.49.

“42.2 (0.1) (1) The Capital allocation-based income represents the change in accrued carried interest. The percentage change is not meaningful (n/m). Net revenues in Q1 2024 were $1.8 billion, an increase of 13.8% from Q1 2023 and an increase of 6.6% from Q4 2023. The Q1 2024 increase over Q1 2023 was primarily driven by increases in investment advisory fees on higher”
CHTR CHARTER COMMUNICATIONS, INC. /MO/

CHARTER COMMUNICATIONS, INC. /MO/ reported the three months ended March 31, 2024 results: revenue $13.7 billion, net income $1.1 billion.

“lines. • As of March 31, 2024, Charter had a total of 32.0 million residential and SMB customer relationships, excluding mobile-only relationships. • First quarter revenue of $13.7 billion grew by 0.2% year-over-year, driven by residential mobile service revenue growth of 37.8% and residential Internet revenue growth of 1.9%. • Net income attributable to Charter”
CNC CENTENE CORP

CENTENE CORP reported the first quarter ended March 31, 2024 results: revenue Total revenues (in millions) $ 40,407, EPS GAAP diluted EPS $ 2.16. Guidance raised.

“announced today its financial results for the first quarter ended March 31, 2024. In summary, the 2024 first quarter results were as follows: Total revenues (in millions) $ 40,407 Premium and service revenues (in millions) $ 36,337 Health benefits ratio 87.1 % SG&A expense ratio 8.9 % Adjusted SG&A expense ratio (1) 8.7 % GAAP diluted EPS $ 2.16 Adjusted”
FCAP FIRST CAPITAL INC

FIRST CAPITAL INC reported the quarter ended March 31, 2024 results: net income $3.0 million, EPS $0.88 per diluted share.

“First Capital, Inc. Reports Quarterly Earnings CORYDON, Ind., April 26, 2024 (GLOBE NEWSWIRE) -- First Capital, Inc. (the “Company”) (NASDAQ: FCAP), the holding company for First Harrison Bank (the “Bank”), today reported net income of $3.0 million, or $0.88 per diluted share, for the quarter ended March 31, 2024, compared to net income of $3.8 million, or $1.14 per diluted share, for the quarter ended March 31, 2023.”
CRI CARTERS INC

CARTERS INC reported first quarter fiscal 2024 results: revenue $661 million, EPS $1.04. Guidance reaffirmed.

“as amended. --- EX-99.1 (EX-99.1) --- Contact: Sean McHugh Vice President & Treasurer (678) 791-7615 Carter ’ s, Inc. Reports First Quarter Fiscal 2024 Results • Net sales $661 million vs. $696 million in Q1 2023 • Diluted EPS $1.04 vs. $0.95 in Q1 2023; adjusted diluted EPS $0.98 in Q1 2023 • Returned $38 million to shareholders through dividends and share”
HERITAGE COMMERCE CORP

HERITAGE COMMERCE CORP reported preliminary financial results for first quarter ended March 31, 2024.

“On April 25, 2024, Heritage Commerce Corp (the “Company”), the holding company for Heritage Bank of Commerce, issued a press release announcing preliminary unaudited results for the first quarter ended March 31, 2024.”
HFWA HERITAGE FINANCIAL CORP /WA/

HERITAGE FINANCIAL CORP /WA/ reported the quarter ended March 31, 2024 results: net income $5.7 million, EPS $0.16 per diluted share.

“Heritage Financial Corporation (“Heritage”) issued a press release announcing its financial results for the quarter ended March 31, 2024.”
ALV AUTOLIV INC

AUTOLIV INC reported the first quarter of 2024 results: revenue $2,615 million net sales, EPS $1.52 EPS. Guidance reaffirmed.

“EX-99.1 (EX 99.1) --- EX-99.1 2 alv-ex99_1.htm EX 99.1 EX-99.1 Exhibit 99.1 Financial Report January - March 2024 Q1 2024: Broad based improvements Financial highlights Q1 2024 $2,615 million net sales 5% net sales increase 5% organic sales growth* 7.4% operating margin 7.6% adjusted operating margin* $1.52 EPS, 77% increase $1.58 adjusted EPS*, 76% increase Full year”
NOV NOV Inc.

NOV Inc. reported first quarter 2024 results: revenue $2.16 billion, net income $119 million, EPS $0.30.

“NOV Reports first quarter 2024 Results, return of capital framework, $1 billion share repurchase authorization, and Plan to increase dividend 50% • Revenue of $2.16 billion, an increase of 10% year-over-year • Operating Profit of $162 million, an increase of $36 million year-over-year • Net Income of $119 million, down $7 million year-over-year • Fully diluted earnings per share of $0.30, down $0.02 year-over-year • Adjusted EBITDA* of $241 million, an increase of $46 million year-over-year”
SCCO SOUTHERN COPPER CORP/

SOUTHERN COPPER CORP/ reported the first quarter ended on March 31, 2024 results: revenue $2,599.8 million, net income $736.0 million.

“+(602) 264-1375 southerncopper@southernperu.com.pe www.southerncoppercorp.com ​ ● ​ ​ April 25, 2024 Southern Copper Corporation (NYSE and BVL: SCCO) ● 1Q24 net sales were $2,599.8 million, which represented growth of 13.3% with regard to 4Q23’s figure. Expansion was primarily fueled by an increase in the sales volumes of copper (+9.6%) and silver (+15.3%) and by”
TMP TOMPKINS FINANCIAL CORP

TOMPKINS FINANCIAL CORP reported first quarter of 2024 results: revenue $50.7 million, net income $16.9 million, EPS $1.18.

“Net interest income was $50.7 million for the first quarter of 2024”
TR TOOTSIE ROLL INDUSTRIES INC

TOOTSIE ROLL INDUSTRIES INC reported first quarter ended March 31, 2024 results: revenue $151,464,000, net income $15,834,000, EPS $0.22.

“First quarter 2024 net sales were $151,464,000 compared to $160,711,000 in first quarter 2023, a decrease of $9,247,000 or 6%. First quarter 2024 net earnings were $15,834,000 compared to $13,401,000 in first quarter 2023, and net earnings per share were $0.22 and $0.19 in first quarter 2024 and 2023, respectively, an increase of $0.03 per share or 16%.”
TEX TEREX CORP

TEREX CORP reported the first quarter 2024 results: revenue $1.3 billion, net income $108.5 million, EPS $1.60. Guidance raised.

“APRIL 25, 2024) --- EARNINGS RELEASE OF TEREX CORPORATION DATED APRIL 25, 2024 Document Terex Reports Strong First Quarter 2024 Results; Raises Full-Year Outlook • Sales of $1.3 billion increased 5% year-over-year • Income from operations of $158 million, up 7% year-over-year • Operating profit margin of 12.2% improved 20 bps year-over-year • Earnings per share”
TER TERADYNE, INC

TERADYNE, INC reported the first quarter ended March 31, 2024 results: revenue $600 million, net income $64.2 million or $0.40 per diluted share, EPS $0.40 per diluted share.

“on Form 8-K. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Teradyne Reports First Quarter 2024 Results • Revenue and earnings above the high-end of Q1 guidance • Revenue of $600 million in Q1’24, down 3% from Q1’23 • Strong year-over-year growth in memory test offset by continued softness in mobility Q1'24 Q1'23 Q4'23 Revenue (mil) $ 600 $ 618 $ 671 GAAP EPS $”
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.”

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.