secwatch.observer — SEC 8-K summary
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Issuer:     Gen Digital Inc. (GEN)
CIK:        0000849399
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000849399-24-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gen Digital reports FY2024 revenue $3,812M (+14%); non-GAAP EPS $1.96 (+8%); $3B buyback authorized
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- FY2024 revenue $3,812M, up 14% YoY; Non-GAAP operating income $2,221M (+21%); GAAP diluted EPS $0.96 (-56%).
- Q4 revenue $967M (+2%); Non-GAAP diluted EPS $0.53 (+15%); operating cash flow $1,398M.
- FY2025 revenue guidance $3,890-$3,930M; Non-GAAP EPS guidance $2.17-$2.23.
- Board authorized $3B share repurchase program (incl. $429M remaining); quarterly dividend $0.125/share, payable June 12.
- President Ondřej Vlček steps down after Avast integration; he remains on Gen's Board of Directors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849399/000084939924000022/0000849399-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849399/000084939924000022/nlok-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000849399-24-000022

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