secwatch / observer

Earnings Releases

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

8-K items 2.02 JSON
HIG HARTFORD INSURANCE GROUP, INC.

HARTFORD INSURANCE GROUP, INC. reported the quarterly period ended March 31, 2024 results: net income $748 million, EPS $2.47 per diluted share.

“First quarter 2024 net income available to common stockholders of $748 million ($2.47 per diluted share)”
HLX HELIX ENERGY SOLUTIONS GROUP INC

HELIX ENERGY SOLUTIONS GROUP INC reported first quarter 2024 results: revenue $296,211, net income a net loss of $26.3 million, or $(0.17) per diluted share, EPS $(0.17) per diluted share.

“​ Summary of Results ​ ($ in thousands, except per share amounts, unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ 3/31/2024 ​ 3/31/2023 ​ 12/31/2023 ​ Revenues ​ $ 296,211 ​ $ 250,084 ​ $ 335,157 ​ Gross Profit ​ $ 19,554 ​ $ 15,184 ​ $ 49,278 ​ ​ ​ 7 % 6 % 15 % Net Loss ​ $ (26,287) ​ $ (5,165) ​ $ (28,333) ​ Basic Loss Per Share ​ $ (0.17) ​ $”
STERICYCLE INC

STERICYCLE INC reported quarter ended March 31, 2024 results: revenue 664.9 million, net income 13.1 million, EPS 0.14 diluted earnings per share.

“Stericycle, Inc. (Nasdaq: SRCL) today reported results for the first quarter ended March 31, 2024. Revenues for the first quarter were $664.9 million”
FISI FINANCIAL INSTITUTIONS INC

FINANCIAL INSTITUTIONS INC reported first quarter ended March 31, 2024 results: net income Net income was $2.1 million, EPS $0.11 per diluted share.

“On April 25, 2024, Financial Institutions, Inc. (the “Company”) issued a press release to report financial results for the first quarter ended March 31, 2024.”
RS RELIANCE, INC.

RELIANCE, INC. reported financial results for first quarter ended March 31, 2024.

“On April 25, 2024, the Company issued a press release announcing financial results for the quarter ended March 31, 2024.”
CDP COPT DEFENSE PROPERTIES

COPT DEFENSE PROPERTIES reported financial results for the period ended March 31, 2024.

“On April 25, 2024, COPT Defense Properties (the “Company”) issued a press release relating to its financial results for the period ended March 31, 2024”
LSTR LANDSTAR SYSTEM INC

LANDSTAR SYSTEM INC reported first quarter of fiscal 2024 results: revenue $1.171 billion, EPS $1.32.

“- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $1.32 in the 2024 first quarter on revenue of $1.171 billion. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.33 per share payable on May 24, 2024, to stockholders of record as of the close of”
MHK MOHAWK INDUSTRIES INC

MOHAWK INDUSTRIES INC reported fiscal quarter ended March 30, 2024 results: revenue $2.7 billion, net income $105 million, EPS $1.64.

“Mohawk Industries, Inc. (NYSE: MHK) today announced first quarter 2024 net earnings of $105 million and earnings per share (“EPS”) of $1.64; adjusted net earnings were $119 million, and adjusted EPS was $1.86. Net sales for the first quarter of 2024 were $2.7 billion”
EXPO EXPONENT INC

EXPONENT INC reported first quarter of fiscal year 2024 ended March 29, 2024 results: revenue $144.9 million, net income $30.1 million, EPS $0.59 per diluted share. Guidance raised.

“Total revenues and revenues before reimbursements for the first quarter of 2024 increased 3.3% to $144.9 million and 6.6% to $137.2 million, respectively, as compared to $140.3 million and $128.7 million in the first quarter of 2023, respectively. Net income increased to $30.1 million, or $0.59 per diluted share, in the first quarter of 2024, as compared to $29.1 million, or $0.56 per diluted share, in the same period of 2023.”
ROG ROGERS CORP

ROGERS CORP reported first quarter of 2024 results: revenue $213.4 million, net income $7.8 million, EPS $0.42 per diluted share.

“$85.7 $83.4 $102.2 Other $5.6 $3.9 $5.7 1 - A reconciliation of GAAP to non-GAAP measures is provided in the schedules included below 1 Q1 2024 Summary of Results Net sales of $213.4 million increased 4.3% versus the prior quarter resulting from higher sales in the AES and EMS business units. AES net sales increased by 4.1% primarily related to higher aerospace and”
FCFS FirstCash Holdings, Inc.

FirstCash Holdings, Inc. reported financial results for the three month period ended March 31, 2024.

“FirstCash Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the three month period ended March 31, 2024”
WSFS WSFS FINANCIAL CORP

WSFS FINANCIAL CORP reported quarter ended March 31, 2024 results: revenue $251.1 million, net income $65.8 million, EPS $1.09 per diluted share.

“WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced its financial results for the first quarter of 2024. Selected financial results and metrics are as follows: (Dollars in millions, except per share data) 1Q 2024 4Q 2023 1Q 2023 Net interest income $ 175.3 $ 178.1 $ 182.5 Fee revenue 75.9 87.2 63.1 Total net revenue 251.1 265.3 245.7 Provision for credit losses 15.1 24.8 29.0 Noninterest expense 149.1 147.6 133.0 Net income attributable to WSFS 65.8 63.9 62.4 Pre-provision net revenue (PPNR) (1) 102.1 117.7 112.6 Earnings per share (EPS) (diluted) 1.09 1.05 1.01”
AB ALLIANCEBERNSTEIN HOLDING L.P.

ALLIANCEBERNSTEIN HOLDING L.P. reported the quarter ended March 31, 2024 results: revenue $ 1,104,151, EPS $0.67 per Unit.

“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”
WM WASTE MANAGEMENT INC

WASTE MANAGEMENT INC updated its full-year 2024 guidance (raised).

“UPDATED 2024 OUTLOOK Current Expectations Original Expectations Revenue 5% - 5.75% Growth from Prior Year 6% - 7% Growth from Prior Year Adjusted Operating EBITDA (a) (b) $6.375 - $6.525 Billion $6.275 - $6.425 Billion Adjusted Operating EBITDA Margin (a) 29.7% - 30.2% 29.0% - 29.4% Free Cash Flow (a) $2.0 - $2.15 Billion $1.9 - $2.05 Billion”
WM WASTE MANAGEMENT INC

WASTE MANAGEMENT INC reported the quarter ended March 31, 2024 results: revenue $5,159, net income $708, EPS $1.75.

“Revenue $5,159 $5,159 $4,892 $4,892 Income from Operations $1,016 $1,014 $825 $828 Operating EBITDA (b) $1,530 $1,528 $1,330 $1,333 Operating EBITDA Margin 29.7% 29.6% 27.2% 27.2% Net Income (c) (d) $708 $706 $533 $535 Diluted EPS (d) $1.75 $1.75 $1.30 $1.31”
FICO FAIR ISAAC CORP

FAIR ISAAC CORP reported second quarter fiscal 2024 ended March 31, 2024 results: revenue $434 million, net income $129.8 million, EPS $5.16.

“FICO Announces Earnings of $5.16 per Share for Second Quarter Fiscal 2024 Revenue of $434 million vs. $380 million in prior year”
SUMMIT FINANCIAL GROUP, INC.

SUMMIT FINANCIAL GROUP, INC. reported first quarter of 2024 results: revenue $39.9 million, net income $16.8 million, EPS $1.14 per diluted share.

“efficiency ratio was 48.29 percent compared to 47.33 percent in the linked quarter, indicating optimized use of resources. Results from Operations Net interest income totaled $39.9 million in the first quarter of 2024, an increase of 16.8 percent from the prior-year first quarter, and a decrease of 2.1 percent from the linked quarter. NIM for the first quarter 2024”
CZNC CITIZENS & NORTHERN CORP

CITIZENS & NORTHERN CORP reported the three-month period ended March 31, 2024 results: net income $5,306,000, or $0.35 diluted earnings per share, EPS $0.35 per diluted share.

“Citizens & Northern Corporation (the “Company”) announced unaudited, consolidated financial results for the three months ended March 31, 2024.”
CODORUS VALLEY BANCORP INC

CODORUS VALLEY BANCORP INC reported quarter ended March 31, 2024 results: net income $4.3 million, EPS $0.44 per diluted common share.

“Codorus Valley Bancorp, Inc. (the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”, or the “Bank”), today reported net income of $4.3 million or $0.44 per diluted common share, for the quarter ended March 31, 2024.”
FCNCA FIRST CITIZENS BANCSHARES INC /DE/

FIRST CITIZENS BANCSHARES INC /DE/ reported first quarter of 2024 results: net income $731, EPS $49.26.

“On April 25, 2024, First Citizens BancShares, Inc. (“BancShares”) announced its results of operations for the quarter ended March 31, 2024.”
DGICA DONEGAL GROUP INC

DONEGAL GROUP INC reported the first quarter of 2024 results: revenue $227.7 million, net income $6.0 million, EPS $0.18 per diluted Class A share.

“financial results for the first quarter of 2024. Significant Items for First Quarter of 2024 (all comparisons to first quarter of 2023): Net premiums earned increased 5.8% to $227.7 million Net premiums written 1 increased 6.0% to $251.4 million Combined ratio of 102.4%, compared to 101.2% Net income of $6.0 million, or $0.18 per diluted Class A share, compared to”
NKSH NATIONAL BANKSHARES INC

NATIONAL BANKSHARES INC reported first quarter of 2024 results: net income $2.17 million, EPS $0.37.

“The Company reported net income of $2.17 million, or basic and diluted earnings per common share of $0.37.”
HOG HARLEY-DAVIDSON, INC.

HARLEY-DAVIDSON, INC. reported first quarter for the financial period ended March 31, 2024 results: revenue $1,730, net income $235, EPS $1.72. Guidance reaffirmed.

“First Quarter 2024 Results Harley-Davidson, Inc. Consolidated Financial Results $ in millions (except EPS) 1st quarter 2024 2023 Change Revenue $1,730 $1,789 -3 % Operating Income $263 $370 -29 % Net Income Attributable to HDI $235 $304 -23 % Diluted EPS $1.72 $2.04 -16 %”
SKYW SKYWEST INC

SKYWEST INC reported the three months ended March 31, 2024 results: revenue $804 million, net income $60 million, EPS $1.45 per diluted share.

“captain availability has improved. We are also pleased with how our teams performed under challenging winter conditions during the first quarter.” Financial Results Revenue was $804 million in Q1 2024, up $112 million, or 16%, from $692 million in Q1 2023. SkyWest’s block hour production increased 5% in Q1 2024 compared to Q1 2023, which reflects improvements in”
MSFT MICROSOFT CORP

MICROSOFT CORP reported fiscal quarter ended March 31, 2024 results: revenue Revenue was $61.9 billion and increased 17%, net income Net income was $21.9 billion and increased 20%, EPS Diluted earnings per share was $2.94 and increased 20%.

“Microsoft Corp. today announced the following results for the quarter ended March 31, 2024, as compared to the corresponding period of last fiscal year: • Revenue was $61.9 billion and increased 17% • Operating income was $27.6 billion and increased 23% • Net income was $21.9 billion and increased 20% • Diluted earnings per share was $2.94 and increased 20%”
CSL CARLISLE COMPANIES INC

CARLISLE COMPANIES INC reported the first quarter ended March 31, 2024 results: revenue $1,096.5 million, net income $170.9 million, EPS $3.52 per diluted share. Guidance raised.

“Diluted EPS of $3.52 and adj. EPS of $3.72, an increase of 85% YoY ◦ Revenue of $1.1 billion, an increase of 23% YoY ◦ Operating margin of 20.5% and adj. EBITDA margin of 24.2%, expanded 530 bps YoY”
WKC WORLD KINECT CORP

WORLD KINECT CORP reported the first quarter of 2024 results: revenue $ 10,951, net income $ 27, EPS $ 0.45.

“last year are as follows (unaudited - in millions, except percentages and per share data): Three Months Ended March 31, 2024 2023 Change Volume (1) 4,414 4,472 (1)% Revenue $ 10,951 $ 12,482 (12)% Gross profit $ 254 $ 263 (3)% Operating expenses $ 191 $ 198 (4)% Adjusted operating expenses $ 190 $ 198 (4)% Income (loss) from operations $ 63 $ 65 (2)%”
ASB ASSOCIATED BANC-CORP

ASSOCIATED BANC-CORP reported the quarter ended March 31, 2024 results: net income $78 million, EPS $0.52 per common share.

“Associated Banc-Corp Reports First Quarter 2024 Net Income Available to Common Equity of $78 Million, or $0.52 per Common Share”
TPC TUTOR PERINI CORP

TUTOR PERINI CORP updated its the quarter ended March 31, 2024 guidance (reaffirmed).

“On April 25, 2024 Tutor Perini Corporation issued a press release announcing its financial results for the quarter ended March 31, 2024. A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.”
OSK OSHKOSH CORP

OSHKOSH CORP reported financial results for the quarter ended March 31, 2024.

“On April 25, 2024, Oshkosh Corporation (the “Company”) issued a news release (the “News Release”) announcing its earnings for the quarter ended March 31, 2024.”
HON HONEYWELL INTERNATIONAL INC

HONEYWELL INTERNATIONAL INC reported first quarter 2024 results: revenue $9.1 Billion, EPS $2.23 and ... $2.25. Guidance reaffirmed.

“Meakim (980) 378-6258 (704) 627-6200 stacey.jones@honeywell.com sean.meakim@honeywell.com HONEYWELL DELIVERS STRONG FIRST QUARTER RESULTS AND BEATS EARNINGS GUIDANCE • Sales of $9.1 Billion, Reported and Organic 1 Sales Up 3% • Operating Margin Up 130 Basis Points to 20.4%; Segment Margin 1 Up 20 Basis Points to 22.2% • Earnings Per Share of $2.23 and Adjusted”
DOC HEALTHPEAK PROPERTIES, INC.

HEALTHPEAK PROPERTIES, INC. reported the three months ended March 31, 2024 results: net income $0.01 per share. Guidance raised.

“Healthpeak Properties, Inc., a Maryland corporation (“Healthpeak”), issued a press release setting forth its financial results for the three months ended March 31, 2024.”
CATERPILLAR FINANCIAL SERVICES CORP

CATERPILLAR FINANCIAL SERVICES CORP reported first quarter ended March 31, 2024 results: revenue $853 million, net income $169 million.

“Cat Financial reported first-quarter 2024 revenues of $853 million, an increase of $85 million, or 11%, compared with $768 million in the first quarter of 2023.”
OLN OLIN Corp

OLIN Corp reported the first quarter ended March 31, 2024 results: revenue $1,635.3 million, net income $48.6 million, EPS $0.40 per diluted share. Guidance reaffirmed.

“and amortization expense of $129.7 million and restructuring charges of $8.3 million. First quarter 2023 adjusted EBITDA was $434.1 million. Sales in the first quarter 2024 were $1,635.3 million, compared to $1,844.3 million in the first quarter 2023. Ken Lane, President and Chief Executive Officer, said, “All first quarter 2024 business segment results improved”
MO ALTRIA GROUP, INC.

ALTRIA GROUP, INC. reported the quarter ended March 31, 2024 results: revenue $5,576 million, EPS $1.15 adjusted diluted EPS. Guidance reaffirmed.

“Altria Group, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2024.”
SSB SouthState Bank Corp

SouthState Bank Corp reported financial results for the three-month period ended March 31, 2024.

“On April 25, 2024, SouthState Corporation (“SouthState” or the “Company”) issued a press release announcing its financial results for the three-month period ended March 31, 2024, along with certain other financial information.”
LYTS LSI INDUSTRIES INC

LSI INDUSTRIES INC reported fiscal 2024 third quarter ended March 31, 2024 results: revenue $108.2 million, net income $5.4 million, EPS $0.18 per diluted share.

“LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”) a leading U.S. based manufacturer of commercial lighting and display solutions, today reported financial results for the fiscal 2024 third quarter ended March 31, 2024. FISCAL 2024 THIRD QUARTER RESULTS ● Net Sales of $108.2 million ● Net Income of $5.4 million, or $0.18 per diluted share ● Adjusted Net Income of $6.2 million, or $0.21 per diluted share”
MGRC MCGRATH RENTCORP

MCGRATH RENTCORP reported first quarter ended March 31, 2024 results: revenue $187.8 million, net income $22.8 million, EPS $0.93 per diluted share.

“total revenues from continuing operations for the quarter ended March 31, 2024 of $187.8 million, an increase of 15% compared to the first quarter of 2023. The Company reported net income from continuing operations of $22.8 million, or $0.93 per diluted share, for the first quarter of 2024”
SHYFT GROUP, INC.

SHYFT GROUP, INC. reported the first quarter ending March 31, 2024 results: revenue $197.9 million, net income Net loss of $4.7 million, or ($0.14) per share. Guidance reaffirmed.

“The Shyft Group Reports First Quarter 2024 Results ● First quarter sales of $198 million; Quarter end consolidated backlog of $439 million with FVS backlog up 10% sequentially ● Maintains 2024 outlook with sales of $850 to $900 million and adjusted EBITDA of $40 to $50 million”
ORI OLD REPUBLIC INTERNATIONAL CORP

OLD REPUBLIC INTERNATIONAL CORP reported financial results for the quarter ended March 31, 2024.

“Old Republic International Corporation announced the results of its operations and its financial condition for the quarter ended March 31, 2024. The full text of the earnings release is included as Exhibit 99.1 hereto.”
RES RPC INC

RPC INC reported the first quarter ended March 31, 2024 results: revenue $377.8 million, net income $27.5 million, EPS $0.13.

“and year-over-year comparisons are available in the tables at the end of this earnings release. ​ First Quarter 2024 Highlights ​ ● Revenues decreased 4% sequentially to $377.8 million ● Net income was $27.5 million, down 32% sequentially, and diluted Earnings Per Share (EPS) was $0.13; net income margin decreased 290 basis points sequentially to 7.3% ●”
CZFS CITIZENS FINANCIAL SERVICES INC

CITIZENS FINANCIAL SERVICES INC reported first quarter 2024 results: net income $7,024,000, EPS $1.49.

“Randall E. Black, Chief Executive Officer, recently announced the unaudited consolidated financial results for Citizens Financial Services, Inc. and susbisidaries for the first quarter 2024.”
SBCF SEACOAST BANKING CORP OF FLORIDA

SEACOAST BANKING CORP OF FLORIDA reported the quarter ended March 31, 2024 results: revenue $125.6 million, net income $26.0 million, EPS $0.31 per diluted share.

“compared to $31.4 million, or $0.37 per diluted share, for the prior quarter, and $23.7 million, or $0.29 per diluted share, for the prior year quarter. • Net revenues were $125.6 million in the first quarter of 2024, a decrease of $2.6 million, or 2%, compared to the prior quarter, and a decrease of $28.0 million, or 18%, compared to the prior year quarter.”
UBSI UNITED BANKSHARES INC/WV

UNITED BANKSHARES INC/WV reported first quarter of 2024 results: net income $86.8 million, or $0.64 per diluted share, EPS $0.64 per diluted share.

“United Bankshares, Inc. (NASDAQ: UBSI) (“United”), today reported earnings for the first quarter of 2024 of $86.8 million, or $0.64 per diluted share.”
BELFA BEL FUSE INC /NJ

BEL FUSE INC /NJ reported the first quarter of 2024 results: revenue $128.1 million, net income $15.9 million. Guidance initiated.

“25, 2024 -- Bel Fuse Inc . (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the first quarter of 2024 . First Quarter 2024 Highlights • Net sales of $ 128.1 million compared to $ 172.3 million in Q1-23 • Gross profit margin of 37.5% , up from 31.1% in Q1-23 • Net earnings of $ 15.9 million versus $ 14.6 million in Q1-23 • Adjusted EBITDA of”
LKFN LAKELAND FINANCIAL CORP

LAKELAND FINANCIAL CORP reported three months ended March 31, 2024 results: net income $23.4 million, EPS $0.91.

“Lakeland Financial Corporation (the “Company”) issued a press release announcing its earnings for the three months ended March 31, 2024.”
PENNS WOODS BANCORP INC

PENNS WOODS BANCORP INC reported the three months ended March 31, 2024 results: net income $3.8 million, EPS $0.51.

“Penns Woods Bancorp, Inc. achieved net income of $3.8 million for the three months ended March 31, 2024, resulting in basic and diluted earnings per share of $0.51.”
ACNB ACNB CORP

ACNB CORP reported for the three months ended March 31, 2024 results: net income $6.8 million, EPS $0.80 per diluted earnings per share.

“ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced net income of $6.8 million, or $0.80 per diluted earnings per share, for the three months ended March 31, 2024 compared to net income of $9.0 million, or $1.06 per diluted earnings per share, for the three months ended March 31, 2023.”
VLY VALLEY NATIONAL BANCORP

VALLEY NATIONAL BANCORP reported first quarter 2024 results: net income $99.4 million, EPS $0.19 per diluted common share.

“Excluding all non-core income and charges, our adjusted net income (a non-GAAP measure) was $99.4 million, or $0.19 per diluted common share, for the first quarter 2024, $116.3 million, or $0.22 per diluted common share, for the fourth quarter 2023, and $154.5 million, or $0.30 per diluted common share, for the first quarter 2023.”
CNOB ConnectOne Bancorp, Inc.

ConnectOne Bancorp, Inc. reported the first quarter of 2024 results: net income $15.7 million, EPS $0.41.

“ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income available to common stockholders of $15.7 million for the first quarter of 2024 compared with $17.8 million for the fourth quarter of 2023 and $23.4 million for the first quarter of 2023. Diluted earnings per share were $0.41 for the first quarter of 2024 compared with $0.46 for the fourth quarter of 2023 and $0.59 for the first quarter of 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.