secwatch / observer

Earnings Releases

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

8-K items 2.02 JSON
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.”
DXCM DEXCOM INC

DEXCOM INC reported the quarter ended March 31, 2024 results: revenue $921.0 million, net income $146.4 million, or $0.36 per diluted share, EPS $0.36 per diluted share. Guidance reaffirmed.

“(Nasdaq: DXCM) today reported its financial results as of and for the quarter ended March 31, 2024. First Quarter 2024 Financial Highlights: • Revenue grew 24% year-over-year to $921.0 million on a reported basis and 25% year-over-year on an organic 1 basis. • U.S. revenue and international revenue both grew 24% on a reported basis and international revenue grew 26% on”
RRBI RED RIVER BANCSHARES INC

RED RIVER BANCSHARES INC reported the first quarter of 2024 results: net income $8.2 million, EPS $1.16 per diluted common share.

“Net income for the first quarter of 2024 was $8.2 million, or $1.16 per diluted common share (“EPS”)”
CNX CNX Resources Corp

CNX Resources Corp reported financial results for first quarter 2024.

“CNX Resources Corporation (“CNX” or the “Company”) today released financial and operational results for the first quarter 2024 by posting those results on its website. A copy of those results is attached to this Current Report as Exhibit 99.1 and incorporated into this Item 2.02 by reference.”
PTCT PTC THERAPEUTICS, INC.

PTC THERAPEUTICS, INC. reported the first quarter ending March 31, 2024 results: revenue $210.1 million, net income $91.6 million. Guidance reaffirmed.

“many planned 2024 clinical and regulatory milestones, including global regulatory submissions for sepiapterin." ​ Key Corporate Updates: ● First quarter 2024 total revenue of $210 million ● First quarter 2024 revenue for the DMD franchise was $161 million o TranslarnaTM (ataluren) net product revenue was $104 million, driven by new patients in existing geographies”
FSI FLEXIBLE SOLUTIONS INTERNATIONAL INC

FLEXIBLE SOLUTIONS INTERNATIONAL INC reported first quarter (Q1), 2024 results: revenue $9.224 million (Q1, 2024).

“Flexible Solutions’ top line revenue decreased from $9.848 million (Q1, 2023) to $9.224 million (Q1, 2024)”
SKECHERS USA INC

SKECHERS USA INC reported first quarter ended March 31, 2024 results: revenue $2.25 billion, net income $206.6 million, EPS $1.33.

“Exhibit 99.1 and incorporated herein by reference. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Skechers Announces FIRST QUARTER 2024 FINANCIAL RESULTS and record sales of $2.25 billion LOS ANGELES, CA – April 25, 2024 – Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE:SKX), The Comfort Technology Company TM and a global footwear leader, today announced”
WST WEST PHARMACEUTICAL SERVICES INC

WEST PHARMACEUTICAL SERVICES INC reported first-quarter 2024 results: revenue 695.4 million, EPS 1.55.

“Net sales of $695.4 million declined 3.0%; organic net sales also declined by 3.0%. • Reported-diluted EPS of $1.55 declined by 16.2%.”
HZO MARINEMAX INC

MARINEMAX INC updated its fiscal year 2024 guidance (lowered).

“the Company is updating its fiscal year 2024 Adjusted net income 1,2 guidance to a range of $2.20 to $3.20 per diluted share.”
HZO MARINEMAX INC

MARINEMAX INC reported fiscal 2024 second quarter ended March 31, 2024 results: revenue Revenue of $582.9 million, net income Net income of $1.6 million, EPS diluted EPS of $0.07.

“incorporation language in the filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 MarineMax Reports Fiscal 2024 Second Quarter Results ~ Posts March Quarter Revenue of $582.9 Million, Up 2% Year-over-Year ~ ~ Reports Comparable Same-Store Sales Growth of 2% ~ ~ Revises Fiscal 2024 Financial Guidance ~ ~ Hosts Earnings Conference Call at 10:00 a.m. ET Today ~”
WY WEYERHAEUSER CO

WEYERHAEUSER CO reported first quarter results: revenue net sales of $1.8 billion, net income net earnings of $114 million, or $0.16 per diluted share, EPS 16 cents per diluted share.

“Weyerhaeuser Company (NYSE: WY) today reported first quarter net earnings of $114 million, or 16 cents per diluted share, on net sales of $1.8 billion. This compares with net earnings of $151 million, or 21 cents per diluted share, on net sales of $1.9 billion for the same period last year and net earnings of $219 million for fourth quarter 2023.”
WDC WESTERN DIGITAL CORP

WESTERN DIGITAL CORP reported fiscal third quarter ended March 29, 2024 results: revenue $3,457, net income $113, EPS $0.34. Guidance raised.

“Western Digital Reports Fiscal Third Quarter 2024 Financial Results Page 2 Q3 2024 Financial Highlights GAAP Non-GAAP Q3 2024 Q2 2024 Q/Q Q3 2024 Q2 2024 Q/Q Revenue ($M) $3,457 $3,032 up 14% $3,457 $3,032 up 14% Gross Margin 29.0% 16.2% up 12.8 ppt 29.3% 15.5% up 13.8 ppt Operating Expenses ($M) $728 $702 up 4% $632 $561 up 13% Operating Income (Loss)”
PFIS PEOPLES FINANCIAL SERVICES CORP.

PEOPLES FINANCIAL SERVICES CORP. reported financial results for the three month period ended March 31, 2024.

“On April 25, 2024, Peoples Financial Services Corp. issued a press release announcing unaudited results of operations for the three month period ended March 31, 2024 and financial condition at March 31, 2024.”
MACATAWA BANK CORP

MACATAWA BANK CORP reported first quarter 2024 results: net income $9.8 million, EPS $0.29 per diluted share.

“The Company reported net income of $9.8 million, or $0.29 per diluted share, in first quarter 2024”
FHI FEDERATED HERMES, INC.

FEDERATED HERMES, INC. reported Q1 2024 results: EPS $0.89.

“Federated Hermes, Inc. reports first quarter 2024 earnings of $0.89;”
EME EMCOR Group, Inc.

EMCOR Group, Inc. reported the first quarter ended March 31, 2024 results: revenue $3.43 billion, net income $197.1 million, EPS $4.17 per diluted share. Guidance raised.

“EMCOR Group, Inc. (NYSE: EME) today reported results for the first quarter ended March 31, 2024. For the first quarter of 2024, revenues totaled $3.43 billion, an increase of 18.7%, compared to $2.89 billion for the first quarter of 2023. Net income was $197.1 million, or $4.17 per diluted share, compared to $111.5 million, or $2.32 per diluted share, for the first quarter of 2023.”
GTY GETTY REALTY CORP /MD/

GETTY REALTY CORP /MD/ reported the quarter ended March 31, 2024 results: net income $0.30 per share. Guidance reaffirmed.

“On April 25, 2024, Getty Realty Corp. issued a press release announcing its results of operations for the quarter ended March 31, 2024.”
COLM COLUMBIA SPORTSWEAR CO

COLUMBIA SPORTSWEAR CO reported first quarter 2024 results: revenue $770.0 million, net income $42.3 million, EPS $0.71. Guidance reaffirmed.

“Columbia Sportswear Company Reports First Quarter 2024 Financial Results; Updates Full Year 2024 Financial Outlook First Quarter 2024 Highlights • Net sales decreased 6 percent to $770.0 million, compared to first quarter 2023. • Operating income decreased 21 percent to $44.7 million, or 5.8 percent of net sales, compared to first quarter 2023 operating income of $56.4 million, or 6.9 percent of net sales. • Diluted earnings per share decreased 4 percent to $0.71, compared to first quarter 2023 diluted earnings per share of $0.74.”
JUNIPER NETWORKS INC

JUNIPER NETWORKS INC reported preliminary financial results for the quarter ended March 31, 2024.

“On April 25, 2024, Juniper Networks, Inc. (“we”, “our” or the “Company”) issued a press release in which we announced preliminary financial results for the quarter ended March 31, 2024.”
SAH SONIC AUTOMOTIVE INC

SONIC AUTOMOTIVE INC reported first quarter ended March 31, 2024 results: revenue $3.4 billion, net income $42.0 million, EPS $1.20 earnings per diluted share.

“the nation’s largest automotive retailers, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Summary • Total revenues of $3.4 billion, down 3% year-over-year; total gross profit of $536.2 million, down 3% year-over-year • Reported net income of $42.0 million, down 12% year-over-year ($1.20 earnings per diluted”
OSIS OSI SYSTEMS INC

OSI SYSTEMS INC updated its the three and nine months ended March 31, 2024 guidance (raised).

“On April 25, 2024, we issued a press release announcing our financial results for the quarter ended March 31, 2024.”
ARCH RESOURCES, INC.

ARCH RESOURCES, INC. reported first quarter 2024 results: revenue $680.2 million, net income $56.0 million, EPS $2.98 per diluted share.

“expenses (“adjusted EBITDA”) 1 of $102.9 million in the first quarter of 2024. This compares to $277.3 million of adjusted EBITDA in the first quarter of 2023. Revenues totaled $680.2 million for the three months ended March 31, 2024, versus $869.9 million in the prior-year quarter. In the first quarter of 2024, Arch drove forward with its key strategic priorities and”

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.