secwatch / observer

Earnings Releases

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

8-K items 2.02 JSON
VLO VALERO ENERGY CORP/TX

VALERO ENERGY CORP/TX reported first quarter of 2024 results: net income $1.3 billion, EPS $3.82 per share.

“reported net income attributable to Valero stockholders of $1.2 billion, or $3.75 per share”
VLO VALERO ENERGY CORP/TX

VALERO ENERGY CORP/TX reported first quarter ended March 31, 2024 results: net income $1.2 billion, EPS $3.75 per share.

“Valero Energy Corporation (the "Company") issued a press release announcing the Company’s financial and operating results for the first quarter ended March 31, 2024.”
FIX COMFORT SYSTEMS USA INC

COMFORT SYSTEMS USA INC reported the quarter ended March 31, 2024 results: revenue $1,537.0 million, net income $96.3 million, EPS $2.69 per diluted share.

“For the quarter ended March 31, 2024, net income was $96.3 million, or $2.69 per diluted share, as compared to $57.2 million, or $1.59 per diluted share, for the quarter ended March 31, 2023. Revenue for the first quarter of 2024 was $1,537.0 million compared to $1,174.6 million in 2023.”
CWT CALIFORNIA WATER SERVICE GROUP

CALIFORNIA WATER SERVICE GROUP reported financial results for the first quarter of 2024, ended March 31, 2024.

“On April 25, 2024, California Water Service Group (the “Company”) issued a press release (a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference) announcing its financial results for the first quarter of 2024, ended March 31, 2024.”
FE FIRSTENERGY CORP

FIRSTENERGY CORP reported first quarter 2024 results: revenue $3.3 billion, net income $253 million, EPS $0.44. Guidance reaffirmed.

“FirstEnergy Corp. (NYSE: FE) today reported first quarter 2024 GAAP earnings of $253 million, or $0.44 per basic and diluted share, on revenue of $3.3 billion.”
VRSN VERISIGN INC/CA

VERISIGN INC/CA reported first quarter of 2024 results: revenue $384 million, net income $194 million, EPS diluted EPS of $1.92.

“VeriSign, Inc. and its subsidiaries (“Verisign”) reported revenue of $384 million for the first quarter of 2024, up 5.5 percent from the same quarter in 2023. Operating income was $259 million for the first quarter of 2024, compared to $241 million for the same quarter of 2023. Verisign reported net income of $194 million and diluted earnings per share (diluted “EPS”) of $1.92 for the first quarter of 2024, compared to net income of $179 million and diluted EPS of $1.70 for the same quarter of 2023.”
UVSP UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp reported the quarter ended March 31, 2024 results: net income $20.3 million, EPS $0.69 diluted earnings per share.

“announced net income for the quarter ended March 31, 2024 was $20.3 million, or $0.69 diluted earnings per share”
UNP UNION PACIFIC CORP

UNION PACIFIC CORP reported first quarter 2024 results: revenue $6.0 billion, net income $1.6 billion, EPS $2.69 per diluted share. Guidance reaffirmed.

“Improved Operational Efficiency and Core Pricing Gains Drive Increase in Operating Income; First Quarter Records for Operating Income and Net Income ● Operating revenue of $6.0 billion was flat driven by core pricing gains and business mix offset by reduced fuel surcharge revenue and lower volume. ● Freight revenue excluding fuel surcharge revenue grew 4% as”
JAKK JAKKS PACIFIC INC

JAKKS PACIFIC INC reported first quarter ended March 31, 2024 results: revenue $90.1 million.

“California, April 24, 2024 – JAKKS Pacific, Inc. (NASDAQ: JAKK) today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 ● Net sales were $90.1 million, a year-over-year decrease of $17.4 million or 16%, driven by a lack of new film releases vs. prior year ● Gross margin of 23.4%, down 580 basis points vs. Q1 2023, led by higher”
PCG PG&E Corp

PG&E Corp reported financial results for the quarter ended March 31, 2024.

“On April 25, 2024, PG&E Corporation issued a press release reporting its financial results and the financial results of its subsidiary Pacific Gas and Electric Company (the “Utility”), for the quarter ended March 31, 2024.”
INTEVAC INC

INTEVAC INC reported the three months ended March 30, 2024 results: revenue $9.6, net income $(1.6), EPS $(0.06).

“our stockholders for their continued support.” ($ Millions, except per share amounts) Q1 2024 Q1 2023 GAAP Results Non-GAAP Results GAAP Results Non-GAAP Results Net Revenues $ 9.6 $ 9.6 $ 11.5 $ 11.5 Operating Loss $ (4.4 ) $ (4.4 ) $ (4.5 ) $ (4.5 ) Net Loss $ (1.6 ) $ (2.7 ) $ (3.9 ) $ (4.2 ) Net Loss per Diluted Share $ (0.06 ) $ (0.10 ) $ (0.15 ) $”
TMO THERMO FISHER SCIENTIFIC INC.

THERMO FISHER SCIENTIFIC INC. reported financial results for the fiscal quarter ended March 30, 2024.

“On April 24, 2024, the Registrant announced its financial results for the fiscal quarter ended March 30, 2024. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.”
WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reported first quarter 2024 results: revenue $2.50 billion, EPS $1.53. Guidance raised.

“of $1.53, Up 64.5%; Adjusted Earnings Per Share of $1.89, Up 47.7% • GAAP Operating Margin at 16.5%; Adjusted Operating Margin Up 3.4 pts to 19.8% • Sales Growth of 13.8% to $2.50 billion; Freight Segment Sales Growth of 17.2% • Returned $211 million to Shareholders via Share Repurchases and Dividends • Raises 2024 Financial Guidance of Adjusted EPS to Between”
STC STEWART INFORMATION SERVICES CORP

STEWART INFORMATION SERVICES CORP reported first quarter 2024 results: revenue $554.3 million, net income $3.1 million, EPS $0.11 per diluted share.

“Stewart Reports First Quarter 2024 Results · Total revenues of $554.3 million ($547.3 million on an adjusted basis) compared to $524.3 million ($526.1 million on an adjusted basis) in the prior year quarter · Net income of $3.1 million ($4.6 million on an adjusted basis) compared to net loss of $8.2 million (net income of $0.2 million on an adjusted basis) in the prior year quarter · Diluted earnings per share of $0.11 ($0.17 on an adjusted basis) compared to prior year quarter loss per diluted share of $0.30 ($0.01 earnings per share on an adjusted basis)”
Maverick Merger Sub 2, LLC

Maverick Merger Sub 2, LLC reported first quarter ended March 31, 2024 results: net income net income of $181 million.

“On April 24, 2024, Mr. Cooper Group Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.”
CVLG COVENANT LOGISTICS GROUP, INC.

COVENANT LOGISTICS GROUP, INC. reported financial results for the first quarter ended March 31, 2024.

“On April 24, 2024, Covenant Logistics Group, Inc., a Nevada corporation (the "Company"), issued a press release announcing its financial and operating results for the quarter ended March 31, 2024.”
VRE Veris Residential, Inc.

Veris Residential, Inc. updated its 2024 guidance (raised).

“As a result of the anticipated earnings impact of the Company's new credit facilities and associated debt reduction, the Company is raising its Core FFO per Share guidance in accordance with the following table:”
VRE Veris Residential, Inc.

Veris Residential, Inc. updated its Full year 2024 guidance (raised).

“Raising 2024 guidance, reflecting positive earnings impact anticipated from new, alternative financing strategy and anticipated debt reduction.”
VRE Veris Residential, Inc.

Veris Residential, Inc. reported financial results for Q1 2024.

“Veris Residential, Inc. (the "Company") issued a press release announcing its financial results for the first quarter 2024.”
FNWD Finward Bancorp

Finward Bancorp reported for the quarter ended March 31, 2024 results: net income $9.3 million, EPS $2.17 per diluted share.

“Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $9.3 million, or $2.17 per diluted share, for the quarter ended March 31, 2024”
HELE HELEN OF TROY LTD

HELEN OF TROY LTD reported fiscal year ended February 29, 2024 results: revenue $2.005 billion, net income $168,594 thousand, EPS $7.03. Guidance initiated.

“Consolidated net sales revenue of $2.005 billion, a decrease of 3.3%”
HELE HELEN OF TROY LTD

HELEN OF TROY LTD reported three-month period ended February 29, 2024 results: revenue $489.2 million, net income $42,734 thousand, EPS $1.79.

“Consolidated net sales revenue of $489.2 million, an increase of 1.0%”
CASH PATHWARD FINANCIAL, INC.

PATHWARD FINANCIAL, INC. reported the three months ended March 31, 2024 results: revenue $247.2 million, net income $65.3 million, EPS $2.56 per share. Guidance reaffirmed.

“deliver market-leading revenue, employee retention and increased innovation. Financial Highlights for the 2024 Fiscal Second Quarter • Total revenue for the second quarter was $247.2 million, an increase of $18.8 million, or 8%, c ompared to the same quarter in fiscal 2023 , driven by an increase in both net interest income and noninterest income. • Net interest”
SFNC SIMMONS FIRST NATIONAL CORP

SIMMONS FIRST NATIONAL CORP reported first quarter of 2024 results: net income $38.9 million, EPS $0.31.

“Simmons First National Corporation (NASDAQ: SFNC) (Simmons or Company) today reported net income of $38.9 million for the first quarter of 2024, compared to $23.9 million for the fourth quarter of 2023 and $45.6 million for the first quarter of 2023. Diluted earnings per share were $0.31 for the first quarter of 2024”
ALRS ALERUS FINANCIAL CORP

ALERUS FINANCIAL CORP reported the three months ended March 31, 2024 results: net income $6.4 million, EPS $0.32 per diluted common share.

“Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $6.4 million for the first quarter of 2024, or $0.32 per diluted common share”
ORLY O REILLY AUTOMOTIVE INC

O REILLY AUTOMOTIVE INC reported full year 2024 results: revenue $16.8 billion to $17.1 billion, EPS $41.35 to $41.85.

“for selected full-year 2024 financial data: ​ ​ ​ ​ For the Year Ending ​ December 31, 2024 Net, new store openings 190 to 200 Comparable store sales 3.0% to 5.0% Total revenue $16.8 billion to $17.1 billion Gross profit as a percentage of sales 51.0% to 51.5% Operating income as a percentage of sales 19.7% to 20.2% Effective income tax rate 22.4% Diluted earnings”
ORLY O REILLY AUTOMOTIVE INC

O REILLY AUTOMOTIVE INC reported first quarter ended March 31, 2024 results: revenue $3.98 billion, net income $547 million, EPS $9.20.

“each of our over 90,000 Team Members for their ongoing dedication to O’Reilly’s success.” ​ Sales for the first quarter ended March 31, 2024, increased $268 million, or 7%, to $3.98 billion from $3.71 billion for the same period one year ago. Gross profit for the first quarter increased 8% to $2.03 billion (or 51.2% of sales) from $1.89 billion (or 51.0% of sales)”
AMEDISYS INC

AMEDISYS INC reported three-month period ended March 31, 2024 results: revenue Net service revenue increased $15.0 million to $571.4 million compared to $556.4 million in 2023., net income Net income attributable to Amedisys, Inc. of $14.4 million, EPS Net income attributable to Amedisys, Inc. per diluted share of $0.44 compared to $0.77 in 2023..

“On April 24, 2024, Amedisys, Inc. ("we," "us," "our," or "the Company") issued a press release (the “Press Release”) announcing its financial results for the three-month period ended March 31, 2024.”
ETD ETHAN ALLEN INTERIORS INC

ETHAN ALLEN INTERIORS INC reported financial results for third quarter ended March 31, 2024.

“On April 24, 2024, Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) issued a press release announcing its financial results for the fiscal 2024 third quarter ended March 31, 2024.”
MLI MUELLER INDUSTRIES INC

MUELLER INDUSTRIES INC reported first quarter of 2024 results: revenue $849.7 million, net income $138.4 million, EPS $1.21.

“Comparisons are to the first quarter of 2023. • Net Income of $138.4 million versus $173.2 million • Earnings Before Taxes of $201.6 million versus $237.4 million • Net Sales of $849.7 million versus $971.2 million • Diluted EPS* of $1.21 versus $1.54 (*adjusted retroactively to reflect the two-for-one stock split that took effect on October 20, 2023) First Quarter”
HWBK HAWTHORN BANCSHARES, INC.

HAWTHORN BANCSHARES, INC. reported three months ended March 31, 2024 results: net income $4.5 million, EPS $0.63.

“Hawthorn Bancshares Reports First Quarter 2024 Results”
EFOR Everforth Inc

Everforth Inc reported the quarter ended March 31, 2024 results: revenue $1.05 billion, net income $38.1 million, EPS $0.81.

“provider of IT services and solutions to the commercial and government sectors, reported financial results for the quarter ended March 31, 2024. Highlights • Revenues were $1.05 billion • Net income was $38.1 million • Adjusted EBITDA (a non-GAAP measure) was $108.3 million (10.3 percent of revenues) • Operating cash flows were $73.3 million and Free Cash Flow”
BSX BOSTON SCIENTIFIC CORP

BOSTON SCIENTIFIC CORP reported the first quarter ended March 31, 2024 results: revenue $3.856 billion, net income $495 million or $0.33 per share, EPS $0.56 for the period.

“Document Boston Scientific Announces Results for First Quarter 2024 Marlborough, Mass. (April 24, 2024) -- Boston Scientific Corporation (NYSE: BSX) generated net sales of $3.856 billion during the first quarter of 2024, growing 13.8 percent on a reported basis, 15.0 percent on an operational 1 basis and 13.1 percent on an organic 2 basis, all compared to the”
AVY Avery Dennison Corp

Avery Dennison Corp reported first quarter ended March 30, 2024 results: revenue $2.2 billion, EPS $2.13. Guidance raised.

“Release AVERY DENNISON ANNOUNCES FIRST QUARTER 2024 RESULTS Highlights: ● 1Q24 Reported EPS of $2.13, up 43% ¡ 1Q24 Adjusted EPS (non-GAAP) of $2.29, up 35% ● 1Q24 Net sales of $2.2 billion, up 4% ¡ Sales change ex. currency (non-GAAP) up 4% ¡ Organic sales change (non-GAAP) up 3% ● FY24 Reported EPS guidance of $8.60 to $9.10 ¡ Adjusted EPS guidance of $9.00 to”
MPB MID PENN BANCORP INC

MID PENN BANCORP INC reported the quarter ended March 31, 2024 results: net income $12.1 million, EPS $0.73 per diluted common share.

“Mid Penn Bancorp, Inc. Reports First Quarter Earnings Beat and Declares 54th Consecutive Quarterly Dividend”
WNC WABASH NATIONAL Corp

WABASH NATIONAL Corp reported financial results for the quarter ended March 31, 2024.

“On April 24, 2024, Wabash National Corporation (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2024.”
ODFL OLD DOMINION FREIGHT LINE, INC.

OLD DOMINION FREIGHT LINE, INC. reported first quarter of 2024, ended March 31, 2024 results: revenue $1,460,073, net income $292,304, EPS $1.34.

“been adjusted to reflect the Company's March 2024 two-for-one stock split. Three Months Ended March 31, (In thousands, except per share amounts) 2024 2023 % Chg. Total revenue $ 1,460,073 $ 1,442,136 1.2 % LTL services revenue $ 1,446,733 $ 1,424,372 1.6 % Other services revenue $ 13,340 $ 17,764 (24.9 )% Operating income $ 386,426 $ 383,049 0.9 % Operating ratio”
BOKF BOK FINANCIAL CORP

BOK FINANCIAL CORP reported financial results for the three months ended March 31, 2024.

“On April 24, 2024, BOK Financial Corporation (“BOK Financial”) issued a press release announcing its financial results for the three months ended March 31, 2024 (“Press Release”).”
BIIB BIOGEN INC.

BIOGEN INC. reported first quarter ended March 31, 2024 results: revenue $2.3 billion, EPS $2.70. Guidance reaffirmed.

“Biogen reports first quarter 2024 GAAP EPS growth of 1% and Non-GAAP EPS growth of 8% First quarter revenue $2.3 billion; GAAP diluted EPS $2.70; Non-GAAP diluted EPS $3.67 First quarter product revenue decreased 3% and total revenue decreased 7%, while GAAP operating income grew 10% and Non-GAAP operating income grew 24%; meaningful improvement in both gross and operating margins due to Fit for Growth program and R&D prioritization LEQEMBI launch uptake accelerated with first quarter global in-market sales of approximately $19 million, nearly triple the fourth quarter of 2023, and patients on therapy increasing nearly 2.5 times since the end of 2023. Significant increase in new patient starts observed in March which contributed over 20% of cumulative patients now on LEQEMBI. SKYCLARYS first quarter global revenue of $78 million with patient identification and access progressing in the U.S. and E.U. launch now successfully underway ZURZUVAE launch shows encouraging early trends SPINRAZ”
TYL TYLER TECHNOLOGIES INC

TYLER TECHNOLOGIES INC reported the first quarter ended March 31, 2024 results: revenue $512.4 million, net income $54.2 million, EPS $1.26 per diluted share. Guidance raised.

“results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights (all comparisons are to the first quarter of 2023): Revenues Total revenues were $512.4 million, up 8.6%. On an organic basis, revenues grew 7.8%. Recurring Revenues Recurring revenues from maintenance and subscriptions were $430.5 million, up 8.8%, and comprised 84.0% of”
FIBK FIRST INTERSTATE BANCSYSTEM INC

FIRST INTERSTATE BANCSYSTEM INC reported the first quarter of 2024 results: net income $58.4 million, or $0.57 per share.

“For the quarter, the Company reported net income of $58.4 million, or $0.57 per share, which compares to net income of $61.5 million, or $0.59 per share, for the fourth quarter of 2023 and net income of $56.3 million, or $0.54 per share, for the first quarter of 2023.”
UCB UNITED COMMUNITY BANKS INC

UNITED COMMUNITY BANKS INC reported first fiscal quarter of 2024 results: net income net income for the first quarter was $62.6 million, EPS Diluted earnings per share of $0.51.

“On April 24, 2024, United Community Banks, Inc. (“United”) issued a press release announcing financial results for its first fiscal quarter of 2024.”
ROL ROLLINS INC

ROLLINS INC reported the first quarter ended March 31, 2024 results: revenue $748 million, net income $94 million, EPS $0.19 per diluted share.

“a premier global consumer and commercial services company, reported unaudited financial results for the first quarter of 2024. Key Highlights • First quarter revenues were $748 million, an increase of 13.7% over the first quarter 2023 with organic revenues* increasing 7.5%. • Quarterly operating income was $132 million, an increase of 18.0% over the first”
SYBT Stock Yards Bancorp, Inc.

Stock Yards Bancorp, Inc. reported the first quarter ended March 31, 2024 results: net income $25.9 million, or $0.88 per diluted share.

“announcing earnings for the three months ended March 31, 2024”
MTH Meritage Homes CORP

Meritage Homes CORP reported first quarter results for the period ended March 31, 2024 results: revenue $1,466,096, net income $186,016, EPS $5.06.

“Results (unaudited) (Dollars in thousands, except per share amounts) Three Months Ended March 31, 2024 2023 % Chg Homes closed (units) 3,507 2,897 21 % Home closing revenue $ 1,466,096 $ 1,261,923 16 % Average sales price — closings $ 418 $ 436 (4) % Home orders (units) 3,991 3,487 14 % Home order value $ 1,631,195 $ 1,506,893 8 % Average sales price — orders $”
IEX IDEX CORP /DE/

IDEX CORP /DE/ reported second quarter 2024 results: EPS $1.75 - $1.80. Guidance initiated.

“Second quarter GAAP diluted EPS of $1.75 - $1.80 (adjusted diluted EPS of $2.00 - $2.05)”
IEX IDEX CORP /DE/

IDEX CORP /DE/ reported full year 2024 results: EPS $7.13 - $7.43. Guidance reaffirmed.

“Full year GAAP diluted EPS of $7.13 - $7.43 (adjusted diluted EPS of $8.15 - $8.45)”
IEX IDEX CORP /DE/

IDEX CORP /DE/ reported the three-month period ended March 31, 2024 results: revenue $801 million, net income $121.4 million, EPS $1.60.

“First Quarter 2024 Highlights (All comparisons are against the first quarter of 2023 unless otherwise noted) • Sales of $801 million, down 5% overall and 6% organically, in line with expectations • Reported diluted EPS of $1.60, down 13%, and adjusted diluted EPS of $1.88, down 10%, exceeding first quarter expectations”
SNBR Sleep Number Corp

Sleep Number Corp reported the quarter ended March 30, 2024 results: revenue $470 million. Guidance reaffirmed.

“attached as Exhibit 99.1 to this Current Report on Form 8-K. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE SLEEP NUMBER ANNOUNCES FIRST QUARTER 2024 RESULTS • Net sales of $470 million; adjusted EBITDA of $37 million slightly ahead of expectations • Reduced operating expenses by $24 million year-over-year (before restructuring costs) and remain on track to”
IPAR INTERPARFUMS INC

INTERPARFUMS INC reported the three months ended March 31, 2024 results: revenue $324 million. Guidance reaffirmed.

“Inter Parfums, Inc. (NASDAQ GS: IPAR) (“Inter Parfums” or the “Company”) today announced that for the three months ended March 31, 2024, net sales rose to $324 million, up 4% from $312 million, in 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.