Reports

Apple reported a quarterly revenue of $90.8 billion, a 4 percent decrease year-over-year, with earnings per diluted share of $1.53. The company saw an all-time revenue record in Services and announced an additional $110 billion for share repurchases along with a dividend increase.

• Apple posted quarterly revenue of $90.8 billion, down 4% year over year.
• Quarterly earnings per diluted share reached $1.53.

Linde reported a slight decrease in sales but an increase in operating profit and adjusted EPS. The company's underlying sales increased by 1%, driven by price attainment, and adjusted operating profit margin improved by 200 basis points.

• Sales were $8.1 billion, down 1%, but underlying sales increased 1%.
• Operating profit was $2.1 billion, with adjusted operating profit at $2.3 billion, up 6%.

Booking Holdings reported a strong start to 2024, with significant year-over-year growth in room nights, revenue, and operating income. Gross travel bookings reached $43.5 billion, a 10% increase from the prior-year quarter. Total revenues increased by 17% to $4.4 billion, and net income saw a substantial rise of 192% to $776 million.

• Gross travel bookings increased by 10% year-over-year, reaching $43.5 billion.
• Room nights booked grew by 9% compared to the prior-year quarter.

Amgen reported a 22% increase in total revenues to $7.4 billion for the first quarter of 2024, driven by a 25% increase in volume and the acquisition of Horizon Therapeutics. GAAP loss per share was $0.21, while non-GAAP EPS decreased 1% to $3.96. The company generated $0.5 billion in free cash flow.

• Total revenues increased by 22% to $7.4 billion, with product sales growing by 22% due to a 25% increase in volume.
• U.S. volume grew by 29%, and ex-U.S. volume grew by 17%.

ConocoPhillips reported first-quarter 2024 earnings of $2.6 billion, or $2.15 per share, compared to $2.9 billion, or $2.38 per share, in the first quarter of 2023. Adjusted earnings were $2.4 billion, or $2.03 per share. The company delivered total production of 1,902 MBOED and generated $5.0 billion in cash from operating activities.

• Reported earnings per share of $2.15 and adjusted earnings per share of $2.03.
• Generated cash provided by operating activities of $5.0 billion and CFO of $5.1 billion.

Southern Company reported first-quarter earnings of $1.1 billion, or $1.03 per share, in 2024, compared to $862 million, or 79 cents per share, in the first quarter of 2023. The performance was driven by higher utility revenues, partially offset by increased interest expense and depreciation and amortization.

• First-quarter earnings were $1.1 billion, or $1.03 per share, compared to $862 million, or 79 cents per share, in the first quarter of 2023.
• Operating revenues increased by 2.6% to $6.6 billion, compared to $6.5 billion in the first quarter of 2023.

MercadoLibre reported a strong first quarter in 2024, marked by substantial growth in both its Commerce and Fintech segments. The company's net revenue reached $4.3 billion, representing a 36% year-over-year increase. Net income also saw a significant rise, up 71% year-over-year to $344 million. These results were primarily fueled by strong performances in Brazil and Mexico.

• Revenue reached $4.3 billion, a 36% increase year-over-year.
• Total Payment Volume was $40.7 billion, up 35% year-over-year.

Intercontinental Exchange reported strong first-quarter results, driven by its mission-critical data and technology. The company achieved record revenues and operating income, reflecting the strength of its diversified business and strategic investments.

• Consolidated net income attributable to ICE was $767 million on $2.3 billion of consolidated revenues.
• First quarter GAAP diluted EPS were $1.33.

Moody's Corporation reported a strong first quarter in 2024, with revenue increasing by 21% to $1.8 billion. Moody's Investors Service (MIS) revenue grew by 35%, and Moody's Analytics (MA) revenue increased by 8%. The company's diluted EPS was $3.15, and adjusted diluted EPS was $3.37. Moody's has narrowed its Adjusted Diluted EPS guidance to be in the range of $10.40 to $11.00.

• Revenue increased by 21% compared to the prior-year period.
• Moody’s Investors Service revenue grew 35%, driven by improved market conditions.

Parker-Hannifin reported record third quarter results, including record sales of $5.07 billion and a 10% increase in adjusted earnings per share to $6.51. The company also increased its outlook for segment operating margin and EPS for fiscal year 2024.

• Record sales of $5.07 billion.
• Organic sales increased by 1%.

The Cigna Group reported strong first quarter 2024 results driven by the performance of Evernorth and Cigna Healthcare. The company increased its outlook for full-year earnings.

• Shareholders’ net loss for first quarter 2024 was $0.3 billion, or $0.97 per share, including a non-cash after-tax investment loss of $1.8 billion, or $6.31 per share, related to the impairment of VillageMD equity securities.
• Adjusted income from operations for first quarter 2024 was $1.9 billion, or $6.47 per share.

Motorola Solutions reported a strong first quarter with a 10% increase in sales to $2.4 billion, driven by growth in both Products and Systems Integration and Software and Services segments. The company raised its full-year revenue and earnings outlook following these results.

• Sales reached $2.4 billion, a 10% increase year-over-year, with Products and Systems Integration up 14% and Software and Services up 4%.
• GAAP earnings per share (EPS) was ($0.23), including a ($3.42) loss from settlement accounting for the Silver Lake convertible debt.

Zoetis reported strong first-quarter results for 2024, with revenue reaching $2.2 billion, a 10% increase compared to the previous year. Net income also saw a rise, amounting to $599 million, or $1.31 per diluted share, marking a 9% increase. The company has updated its full-year revenue guidance to $9.050 - $9.200 billion and expects diluted EPS of $5.34 to $5.44 on a reported basis.

• Revenue reached $2.2 billion, a 10% increase, with net income at $599 million, or $1.31 per diluted share, a 9% increase.
• Operational revenue growth was 12%, and adjusted net income grew by 15%.

Regeneron reported first quarter 2024 financial results with a 1% decrease in total revenue to $3.145 billion. Excluding Ronapreve, revenues increased by 7%. The company saw significant growth in Dupixent and Libtayo sales, and the pipeline progressed with regulatory submissions and approvals.

• Total revenues decreased by 1% to $3.145 billion, but increased 7% excluding Ronapreve.
• Dupixent global net sales increased by 24% to $3.08 billion.

Fortinet reported a 7.2% increase in total revenue, reaching $1.35 billion for Q1 2024. Service revenue increased by 24.0% year over year, while product revenue decreased by 18.3%. The company's GAAP operating margin was 23.7%, and free cash flow was $608.5 million.

• Total revenue reached $1.35 billion, representing a 7% year-over-year increase.
• Service revenue grew by 24% year-over-year, amounting to $944 million.

BD reported Q2 2024 financial results with revenue of $5.0 billion, a 4.6% increase as reported. GAAP EPS grew by 20.9% to $1.85, and adjusted diluted EPS increased by 10.8% to $3.17. The company raised its full-year adjusted EPS guidance and affirmed its organic revenue growth guidance.

• Q2 revenue of $5.0 billion increased 4.6% as reported, 4.7% currency-neutral and 5.7% organic.
• Q2 GAAP and adjusted diluted EPS of $1.85 and $3.17 grew 20.9% and 10.8%, respectively.

Digital Realty reported a revenue of $1.3 billion, net income of $288 million, and net income available to common stockholders of $271 million, or $0.82 per diluted share. The company signed total bookings expected to generate $252 million of annualized GAAP rental revenue and maintained its 2024 Core FFO per share outlook of $6.60 - $6.75.

• Reported net income available to common stockholders of $0.82 per share in 1Q24, compared to $0.20 in 1Q23
• Reported FFO per share of $1.41 in 1Q24, compared to $1.60 in 1Q23

In Q1 2024, Block Inc. reported a 22% year-over-year increase in gross profit, reaching $2.09 billion, driven by strong performances in both Cash App and Square ecosystems. Operating income was $250 million, with Adjusted Operating Income at $364 million. Net income attributable to common stockholders was $472 million, with Adjusted EBITDA up 91% year over year to $705 million.

• Gross profit grew 22% year over year to $2.09 billion.
• Cash App gross profit increased by 25% year over year, driven by inflows per active and monetization rate.

Howmet Aerospace reported a strong start to 2024, exceeding guidance with record quarterly results in revenue, Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted earnings per share. First quarter 2024 revenue grew 14% year over year with all end markets up, led by 23% growth in commercial aerospace.

• Record quarterly revenue of $1.82 billion, up 14% year over year, driven by growth in the commercial aerospace market.
• Net income of $243 million, or $0.59 per share, compared to $148 million, or $0.35 per share, in the first quarter 2023.

Monster Beverage Corporation reported an 11.8% increase in net sales for the first quarter of 2024, reaching $1.90 billion. Net income increased by 11.2% to $442.0 million, with earnings per diluted share rising to $0.42. The company intends to commence a tender offer to repurchase up to $3.0 billion of common stock.

• Net sales for the first quarter increased by 11.8% to $1.90 billion.
• Net income for the first quarter increased by 11.2% to $442.0 million.

Cummins reported first-quarter revenues of $8.4 billion and GAAP Net Income of $2.0 billion, which includes a net gain of $1.3 billion from the separation of Atmus. The company is raising its full-year revenue and EBITDA guidance after adjusting for the Atmus separation.

• First quarter revenues reached $8.4 billion with a GAAP Net Income of $2.0 billion.
• EBITDA was 30.6% of sales, and Diluted EPS was $14.03.

Dominion Energy reported a decrease in GAAP net income and operating earnings for the first quarter of 2024 compared to the same period in 2023. However, the company affirmed its full-year 2024 operating earnings guidance and other financial guidance.

• First-quarter GAAP net income was $0.78 per share.
• Operating earnings (non-GAAP) were $0.55 per share.

Cloudflare reported a strong start to 2024 with a 30% increase in revenue, reaching $378.6 million. The company saw improvements in sales productivity and free cash flow, alongside continued innovation and expansion of its network and product offerings.

• Revenue totaled $378.6 million, a 30% increase year-over-year.
• GAAP loss from operations was $54.6 million, while non-GAAP income from operations reached $42.4 million.

AMETEK reported record first quarter sales of $1.74 billion, a 9% increase year-over-year. Adjusted earnings per diluted share were $1.64, up 10% from the first quarter of 2023. The company raised its 2024 adjusted earnings per diluted share guidance to a range of $6.74 to $6.86.

• Record first quarter sales of $1.74 billion, a 9% increase over the first quarter of 2023.
• GAAP earnings per diluted share were $1.34.

Exelon Corporation reported a GAAP Net Income of $0.66 per share and Adjusted (non-GAAP) Operating Earnings of $0.68 per share for Q1 2024. The company reaffirmed its full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range of $2.40-$2.50 per share and its fully regulated operating EPS compounded annual growth target of 5-7% from 2023 to 2027.

• GAAP Net Income was $0.66 per share, and adjusted non-GAAP operating earnings were $0.68 per share.
• Full-year 2024 adjusted non-GAAP operating earnings guidance range is affirmed at $2.40-$2.50 per share.

Ares Management Corporation reported GAAP net income of $73.0 million for Q1 2024. The company saw strong year-over-year growth, including a 19% increase in assets under management and robust fundraising of over $17 billion.

• GAAP net income attributable to Ares Management Corporation was $73.0 million.
• Net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.33.

IQVIA reported a 2.3% increase in revenue to $3,737 million for Q1 2024. GAAP Net Income was $288 million with a GAAP EPS of $1.56. The R&D Solutions contracted backlog reached $30.1 billion, a 7.9% increase year-over-year.

• Revenue reached $3,737 million, a 2.3% increase compared to Q1 2023.
• GAAP Net Income was reported at $288 million, with GAAP Diluted Earnings per Share at $1.56.

Ingersoll Rand reported a strong start to 2024 with record first-quarter revenue of $1,670 million, up 3% year-over-year. Adjusted EBITDA increased by 15% to $459 million, with a margin of 27.5%. Adjusted EPS was $0.78. The company raised its full-year Adjusted EBITDA and Adjusted EPS guidance.

• First quarter revenue reached $1,670 million, a 3% increase year-over-year.
• Adjusted EBITDA was $459 million, up 15% with a margin of 27.5%.

Vulcan Materials Company announced its first quarter 2024 results, with margins expanding despite lower aggregates shipments. The company's strategic disciplines and pricing momentum reinforce confidence in achieving another year of double-digit earnings growth and strong cash generation. They remain on track to deliver $2.15 to $2.30 billion of Adjusted EBITDA.

• Margins expanded despite lower aggregates shipments, showcasing the durability of the aggregates business.
• Aggregates cash gross profit per ton increased by 10 percent, with widespread improvements across the company's footprint.

Con Edison's first quarter net income for common stock was $720 million, or $2.08 a share, compared to $1,433 million, or $4.06 a share, in the first quarter of 2023. Adjusted earnings were $742 million, or $2.15 a share, compared to $645 million, or $1.83 a share, in the same period last year. The company reaffirmed its adjusted earnings per share forecast for 2024 to be in the range of $5.20 to $5.40.

• Q1 2024 net income was $720 million, or $2.08 per share.
• Adjusted earnings for Q1 2024 were $742 million, or $2.15 per share.

Live Nation Entertainment reported a strong first quarter in 2024, with revenue increasing by 21% to $3.8 billion and adjusted operating income up 15% to $367 million. The company saw growth in fan attendance, fee-bearing tickets sold, and sponsorship revenue. However, the company reported an operating loss of $37 million.

• Revenue increased by 21% to $3.8 billion.
• Adjusted operating income increased by 15% to $367 million.

Iron Mountain reported a strong start to 2024 with record revenue of $1.477 billion and adjusted EBITDA of $518.9 million. The company reiterated its full year 2024 guidance and leased 30 megawatts in the data center segment during the quarter.

• Total reported revenues for the first quarter were $1.5 billion, compared with $1.3 billion in the first quarter of 2023, an increase of 12.4%.
• Net Income for the first quarter was $77.0 million, compared with $65.5 million in the first quarter of 2023.

GoDaddy reported a strong start to 2024 with total revenue of $1.1 billion, up 7% year-over-year. Net income increased significantly to $401.5 million, and free cash flow grew by 26% to $327.4 million. The company is focused on profitable growth and maximizing free cash flow.

• Total revenue reached $1.1 billion, a 7% increase year-over-year.
• Applications and Commerce revenue grew by 13% year-over-year, reaching $383.1 million.

Kellanova announced strong first quarter results, marked by improving profit margins and signs of commercial activity restoring volume and share, while reaffirming its full-year outlook.

• Net sales were negatively impacted by currency translation and the 2023 divestiture in Russia, but organic-basis growth remained at the upper end of its long-term target range.
• Double-digit operating profit growth was sustained, as the Company continued to restore profit margins faster than expected.

Church & Dwight reported a strong Q1 2024, exceeding its outlook with net sales up 5.1% to $1,503.3 million and organic sales up 5.2%. Gross margin expanded by 220 basis points, and reported EPS increased by 13.4%. The company also raised its full-year gross margin and EPS outlook.

• Net sales increased by 5.1%, driven by growth in domestic, international, and specialty products divisions.
• Organic sales grew by 5.2%, with volume contributing 3.7% and positive product mix and pricing contributing 1.5%.

Gold Fields had a weak start to 2024 with a drop in production volumes and higher costs. Adverse weather, mainly in Australia and Chile, as well as commissioning delays at Salares Norte, negatively impacted performance. Despite lower earnings, the company maintained its annual guidance.

• Gold-equivalent production dropped to 464,000 oz due to weather impacts and delays.
• Realized gold price was $2,100/oz, up YoY.

Ameren Corporation reported first quarter 2024 net income attributable to common shareholders of $261 million, or $0.98 per share, compared to $264 million, or $1.00 per share, in the first quarter of 2023. The results reflect earnings on increased infrastructure investments, positively impacted by new rates and higher electric retail sales, offset by higher operations and maintenance expenses and interest expense.

• First quarter Diluted Earnings Per Share were $0.98 in 2024 vs. $1.00 in 2023.
• 2024 earnings guidance range affirmed at $4.52 to $4.72 per Diluted Share.

Zimmer Biomet reported first quarter net sales of $1.889 billion, a 3.2% increase over the prior year, and a 4.4% increase on a constant currency basis. Diluted earnings per share were $0.84, and adjusted diluted earnings per share were $1.94. The company reiterated its full-year 2024 financial guidance.

• First quarter net sales of $1.889 billion increased 3.2% and 4.4% on a constant currency basis.
• First quarter diluted earnings per share were $0.84; adjusted diluted earnings per share were $1.94.

Illumina reported consolidated revenue of $1.08 billion for Q1 2024, a 1% decrease compared to Q1 2023. However, the company's gross margin and non-GAAP operating margin improved year-over-year, driven by a favorable mix of sequencing consumables and operational excellence. Illumina is reiterating its fiscal year 2024 Core Illumina revenue guidance that is approximately flat compared to 2023 and a Core Illumina non-GAAP operating margin for fiscal year 2024 of approximately 20%.

• Core Illumina revenue was $1.06 billion, down 2% from Q1 2023.
• Core Illumina GAAP operating margin was 11.0%, and non-GAAP operating margin was 20.6%.

Expedia Group reported strong first-quarter revenue and profitability, with revenue growing 8% year-over-year. However, gross bookings were slightly below expectations due to a slower-than-anticipated recovery from Vrbo's re-platforming.

• Total gross bookings increased by 3% to $30.2 billion.
• Revenue grew by 8% to $2.9 billion.

DraftKings' first quarter of 2024 showed substantial growth, with revenue increasing by 53% to $1,175 million. The company raised its fiscal year 2024 revenue guidance midpoint to $4.9 billion and its Adjusted EBITDA guidance midpoint to $500 million, reflecting strong customer acquisition and engagement.

• Revenue increased by 53% to $1,175 million compared to the same period in 2023.
• Average monthly unique payers increased by 23% year-over-year.

Baxter's first-quarter sales from continuing operations reached $3.59 billion, a 2% increase on a reported basis and a 3% increase on a constant currency basis, exceeding expectations. U.S. GAAP diluted EPS from continuing operations was $0.07, while adjusted diluted EPS from continuing operations was $0.65, also exceeding guidance.

• Worldwide sales from continuing operations increased by 2% to $3.59 billion.
• U.S. sales were flat year-over-year at $1.66 billion, while international sales increased by 5% to $1.93 billion.

CNH Industrial reported a decrease in consolidated revenue by 10% to $4.82 billion due to lower industry demand. Net income was $402 million, with diluted EPS at $0.31. The company is navigating a declining market by focusing on production efficiency, commercial execution, and cost reductions.

• Consolidated revenue decreased by 10% due to lower industry demand.
• Diluted EPS was $0.31, and adjusted diluted EPS was $0.33.

Hologic announced its Q2 2024 financial results, with revenue reaching $1,017.8 million. The company's GAAP diluted EPS was $0.72, and non-GAAP diluted EPS was $1.03. Revenue and non-GAAP diluted EPS exceeded the company's guidance. Total company organic revenue, excluding COVID-19, grew by 4.9% in constant currency.

• Revenue was $1,017.8 million, a decrease of (0.8%) year-over-year, driven by lower COVID-19 assay sales.
• Excluding COVID-19 revenues, total organic revenue grew 5.0%, or 4.9% on a constant currency basis.

Moderna reported first quarter revenues of $167 million, a GAAP net loss of $1.2 billion, and a GAAP diluted EPS of $(3.07). The company is preparing for the launches of its RSV vaccine and Spikevax® 2024-2025 formula and reaffirms its 2024 expected product sales of approximately $4 billion.

• Reported $167 million in Spikevax (COVID-19 vaccine) sales in Q1 2024, including $100 million in U.S. sales and $67 million of international sales.
• Reaffirmed 2024 expected revenue of approximately $4 billion from its respiratory franchise.

Kimco Realty reported a net loss of ($0.03) per diluted share, but produced FFO of $0.39 per diluted share and 3.9% growth in Same Property Net Operating Income. The company completed the acquisition of RPT Realty and disposed of ten former RPT properties.

• Generated 3.9% growth in Same Property Net Operating Income.
• Achieved pro-rata portfolio occupancy of 96.0%.

Alliant Energy reported a solid start to the year with first quarter GAAP earnings per share of $0.62, compared to $0.65 in 2023. The company reaffirmed its 2024 earnings guidance range of $2.99 - $3.13 per share. Results were in line with expectations despite historically mild weather.

• First quarter GAAP earnings per share was $0.62 in 2024, compared to $0.65 in 2023.
• Lower retail electric and gas sales due to warmer than normal temperatures impacted earnings.

Reinsurance Group of America reported an excellent first quarter, with strong performance in both the Traditional and Financial Solutions businesses, and a record deployment of capital into in-force transactions. The company remains optimistic about the future and expects to continue to deliver attractive financial results.

• Net income available to RGA shareholders was $3.16 per diluted share.
• Adjusted operating income was $6.02 per diluted share.

Aptiv delivered solid results in the first quarter with a 2% revenue increase to $4.9 billion and 200 basis points of margin expansion year-over-year. The company secured significant new business awards totaling nearly $13 billion.

• U.S. GAAP revenue increased by 2% to $4.9 billion.
• U.S. GAAP net income was $218 million, with diluted earnings per share of $0.79.

DaVita Inc. reported consolidated revenues of $3.071 billion for the first quarter of 2024. The company's operating income was $484 million, with a diluted earnings per share of $2.65. They also repurchased 2.1 million shares of common stock.

• Consolidated revenues reached $3.071 billion.
• Operating income totaled $484 million, while adjusted operating income was $463 million.

Blue Owl Capital reported a strong first quarter of 2024, marked by the 12th consecutive quarter of higher management fees. The company continues to scale its existing businesses and broaden its suite of investment solutions with recent acquisitions aimed at expanding insurance asset management and real estate credit capabilities.

• Blue Owl reported its financial results for the first quarter ended March 31, 2024.
• The company experienced its 12th consecutive quarter of higher management fees.

Stanley Black & Decker reported first-quarter revenues of $3.9 billion, a 2% decrease year-over-year. The company's gross margin increased to 28.6%, up 740 basis points from the prior year. GAAP EPS was $0.13, and adjusted EPS was $0.56. The sale of STANLEY Infrastructure was completed on April 1, with proceeds used to reduce short-term debt.

• Revenues were $3.9 billion, down 2% versus prior year.
• Gross margin was 28.6%, up 740 basis points versus prior year.

Regency Centers reported a successful quarter with strength in tenant demand driving robust activity across operating shopping centers and development business. Same Property percent leased increased by 90 basis points year-over-year to 95.8%, and Same Property shop percent leased increased by 150 basis points year-over-year to a Company record high of 93.5%.

• Reported Nareit FFO of $1.08 per diluted share and Core Operating Earnings of $1.04 per diluted share.
• Increased Same Property NOI year-over-year, excluding lease termination fees and the collection of receivables reserved during 2020 and 2021, by 2.1%.

Lamar Advertising Company reported a 5.7% increase in net revenue to $498.2 million for the first quarter of 2024. Net income increased to $78.5 million, and Adjusted EBITDA rose by 7.1% to $211.9 million. The company raised its full-year diluted AFFO guidance to a range of $7.75 to $7.90 per share.

• Net revenue increased by 5.7% compared to the first quarter of 2023, reaching $498.2 million.
• Net income saw an increase to $78.5 million, up from $76.2 million in the same period last year.

American Homes 4 Rent reported a 6.5% increase in rents and other single-family property revenues, reaching $423.6 million. Net income attributable to common shareholders totaled $109.3 million, or $0.30 per diluted share. The company also delivered 469 newly constructed homes through its AMH Development Program.

• Rents and other single-family property revenues increased by 6.5% year-over-year to $423.6 million.
• Net income attributable to common shareholders totaled $109.3 million, or $0.30 per diluted share.

Camden Property Trust announced its Q1 2024 operating results, with EPS at $0.77, FFO at $1.67, Core FFO at $1.70, and Core AFFO at $1.50. The company revised its 2024 outlook for property operating expense growth downward but maintained its full-year 2024 Core FFO guidance at $6.74 per share.

• EPS for Q1 2024 was $0.77 per diluted share, compared to $0.39 in Q1 2023.
• Core FFO for Q1 2024 was $1.70 per diluted share, compared to $1.66 in Q1 2023.

Texas Roadhouse, Inc. announced financial results for the first quarter of 2024, which ended on March 26, 2024. The company reported a 12.5% increase in total revenue compared to the same period in the prior year. Comparable restaurant sales increased by 8.4% at company restaurants and 7.7% at domestic franchise restaurants. Diluted earnings per share increased by 31.4%.

• Comparable restaurant sales increased 8.4% at company restaurants and 7.7% at domestic franchise restaurants.
• Average weekly sales at company restaurants were $159,378, including $20,815 in to-go sales.

ITT Inc. reported a strong first quarter in 2024, with significant growth in orders and revenue. Revenue increased by 14% (9% organic) driven by pump projects, Friction OE outperformance, and demand strength. The company raised its 2024 full year guidance due to this strong performance.

• Orders grew by 13% (7% organic) driven by improved connectors demand, aerospace and defense components ramp, and Friction and rail share gains.
• Revenue increased by 14% (9% organic), surpassing $900 million, driven by higher volume in all businesses.

Paylocity announced its Q3 2024 financial results, demonstrating strong performance with an 18% increase in total revenue and a 17% increase in recurring and other revenue. The company's commitment to product innovation was highlighted by enhancements to its talent acquisition suite and recognition in the G2 Spring 2024 Grid Reports. The Board of Directors approved a $500 million share repurchase program due to strong profitability and cash flows.

• Total revenue increased by 18% year-over-year, reaching $401.3 million.
• Recurring and other revenue grew by 17% year-over-year, totaling $366.8 million.

Floor & Decor reported a decrease in net sales by 2.2% to $1,097.3 million and a comparable store sales decrease of 11.6% for the first quarter of fiscal year 2024. Diluted earnings per share were reported at $0.46. The company opened four new warehouse stores, ending the quarter with 225 warehouse stores and five design studios.

• Net sales decreased by 2.2% to $1,097.3 million compared to the first quarter of fiscal 2023.
• Comparable store sales decreased by 11.6%.

MasTec announced record first-quarter revenue of $2.69 billion, a 4% increase compared to Q1 2023. The company's GAAP net loss improved to $34.5 million, with an adjusted EBITDA of $157.3 million. MasTec also raised its full-year 2024 guidance, projecting revenue of $12.55 billion and adjusted EBITDA of $975 million.

• MasTec achieved record first-quarter revenue of $2.69 billion, up 4% year-over-year.
• GAAP net loss improved to $34.5 million, a significant improvement from the previous year.

Omega Healthcare Investors reported a net income of $69.3 million, or $0.27 per common share, for Q1 2024, compared to $36.8 million, or $0.15 per common share, for Q1 2023. The company completed $75 million in new investments and repaid $42 million in HUD mortgage loans. Revenues for the quarter totaled $243.3 million, an increase of $25.1 million over the same period in 2023.

• Net income for the quarter was $69 million, or $0.27 per common share.
• Nareit FFO for the quarter was $153 million, or $0.60 per common share.

Pinnacle West Capital Corp. reported a consolidated net income attributable to common shareholders of $16.9 million, or $0.15 per diluted share, for the quarter ended March 31, 2024, compared to a net loss of $3.3 million, or a loss of $0.03 per diluted share, for the same period in 2023. The improved results reflect new retail base rates, customer growth, increased usage, and higher revenue from the Lost Fixed Cost Recovery (LFCR) adjustor mechanism.

• Improved quarterly results were impacted by customer growth, increased sales, and new rates.
• APS employees are focused on summer preparedness, reliability, and resilience.

Essential Utilities reported a strong first quarter with increased net income and earnings per share, driven by regulatory recoveries and customer growth across its water and natural gas segments. The company completed the sale of its non-core energy projects for $165 million, reinvesting the proceeds into infrastructure. While revenues decreased due to lower purchased gas costs, the company remains focused on achieving strong results for the year.

• Net income increased to $265.8 million, or $0.97 per share, compared to $191.4 million, or $0.72 per share, in Q1 2023.
• Revenues decreased by 15.7% to $612.1 million, primarily due to lower purchased gas costs.

BILL reported strong financial results for Q3 2024, with total revenue increasing 19% year-over-year to $323.0 million and non-GAAP operating income increasing 68% year-over-year. More than 450,000 small businesses used BILL's solutions during the quarter.

• Total revenue was $323.0 million, an increase of 19% year-over-year.
• Core revenue, which consists of subscription and transaction fees, was $281.3 million, an increase of 17% year-over-year.

AAON's first quarter results were mixed, with net sales decreasing by 1.4% to $262.1 million. However, the company saw an increase in gross profit margin to 35.2% and earnings per diluted share to $0.46. Bookings remain strong across all business segments with quarter-over-quarter increases in backlog.

• Net sales decreased by 1.4% year-over-year, driven by declines in AAON Coil Products and BASX segments.
• Gross profit margin expanded to 35.2%, primarily due to favorable pricing relative to moderating cost inflation.

MACOM reported a 7.0% increase in revenue to $181.2 million compared to the previous year's fiscal second quarter. Net income was $15.0 million, or $0.20 per diluted share. The company is optimistic about continued improvements in financial performance in the second half of the fiscal year.

• Revenue increased by 7.0% year-over-year to $181.2 million.
• Net income reached $15.0 million, with diluted EPS at $0.20.

Teleflex reported first quarter financial results with revenues of $737.8 million, a 3.8% increase compared to the prior year. GAAP diluted EPS from continuing operations was $0.33, while adjusted diluted EPS from continuing operations was $3.21.

• Revenues increased by 3.8% to $737.8 million compared to the prior year period.
• GAAP diluted EPS from continuing operations was $0.33, compared to $1.63 in the prior year period.

Bruker reported a 5.3% year-over-year increase in revenue for Q1 2024, reaching $721.7 million. Organic revenue grew by 1.6%. The company updated its FY 2024 guidance, projecting revenue between $3.29 and $3.35 billion and non-GAAP EPS of $2.79 to $2.84.

• Q1 2024 revenues reached $721.7 million, a 5.3% increase year-over-year.
• GAAP EPS for Q1 2024 was $0.35, while non-GAAP EPS was $0.53.

AES reported a strong first quarter with a net income of $278 million and adjusted EPS of $0.50. The company reaffirmed its 2024 guidance for adjusted EPS and adjusted EBITDA, as well as its long-term growth rates through 2027.

• Signed 1.2 GW of renewables and energy storage under long-term contracts, bringing total backlog of projects signed under long-term contracts to 12.7 GW.
• Completed the construction or acquisition of 593 MW of renewables; on track to add 3.6 GW of new projects to operations in full year 2024.

EXL reported a solid start to the year with a 9% increase in both revenue and adjusted diluted EPS. The company's data and AI-led strategy, combined with deep domain expertise, continues to resonate with clients and fuel above-industry average growth rates. Due to this momentum, EXL has raised the bottom of its range for both revenue and EPS guidance for the year.

• Revenue for the quarter ended March 31, 2024, increased to $436.5 million compared to $400.6 million for the first quarter of 2023, an increase of 9.0% on a reported basis.
• Q1 Diluted EPS (GAAP) of $0.29, down 3.3% from $0.30 in Q1 of 2023.

AGCO reported a decrease in net sales by 12.1% to $2.9 billion for the first quarter ended March 31, 2024, with reported earnings per share of $2.25 and adjusted earnings per share of $2.32. The results reflect declining global demand for agricultural equipment and strategic production cuts to reduce dealer inventories. The company completed the PTx Trimble joint venture transaction in early April.

• Net sales were $2.9 billion, a decrease of 12.1% compared to the first quarter of 2023.
• Reported earnings per share (EPS) was $2.25, while adjusted EPS was $2.32.

HII reported a strong start to 2024 with record first quarter revenues of $2.8 billion, up 4.9% compared to the first quarter of 2023. Operating income increased by 9.2% to $154 million, and net earnings were $153 million, or $3.87 diluted earnings per share. New contract awards totaled $3.1 billion, resulting in a backlog of $48.4 billion.

• Record first quarter revenues of $2.8 billion, a 4.9% increase year-over-year.
• Operating income rose to $154 million, up 9.2% from the previous year.

Dolby Laboratories reported second quarter fiscal 2024 financial results, with total revenue of $364.5 million, a decrease from $375.9 million in the second quarter of fiscal 2023. GAAP net income increased to $97.8 million, or $1.01 per diluted share, compared to $95.7 million, or $0.98 per diluted share, for the same quarter last year. Non-GAAP net income also increased slightly to $123.2 million, or $1.27 per diluted share.

• Total revenue was $364.5 million, a decrease from $375.9 million in the second quarter of fiscal 2023.
• GAAP net income was $97.8 million, or $1.01 per diluted share, compared to $95.7 million, or $0.98 per diluted share, for the second quarter of fiscal 2023.

Blueprint Medicines reported a strong first quarter with AYVAKIT net product revenues of $92.5 million, representing a 135% year-over-year growth. The company raised its full year AYVAKIT net product revenue guidance to $390 million to $410 million. Net income for the quarter was $89.1 million, driven by a one-time non-cash debt extinguishment gain.

• AYVAKIT net product revenues reached $92.5 million, a 135% increase year-over-year.
• Full year AYVAKIT net product revenue guidance raised to $390 million - $410 million.

BorgWarner reported a 6% increase in net sales to $3,595 million and an adjusted EPS of $1.03 for the first quarter of 2024. The company has increased full-year EPS guidance and announced an additional share repurchase authorization of up to $500 million.

• Net sales increased by 6% to $3,595 million compared to Q1 2023.
• U.S. GAAP net earnings were $0.93 per diluted share, with adjusted net earnings at $1.03 per diluted share.

Universal Display Corporation reported a strong start to 2024, with total revenue increasing to $165.3 million compared to $130.5 million in the first quarter of 2023. Net income rose to $56.9 million, or $1.19 per diluted share, compared to $39.8 million, or $0.83 per diluted share, in the same period last year. The company increased the lower end of its previous revenue guidance and believes that 2024 revenue will be in the range of $635 million to $675 million.

• Total revenue increased to $165.3 million from $130.5 million year-over-year.
• Material sales revenue grew to $93.3 million compared to $70.2 million in the previous year.

WillScot Mobile Mini reported a 4% increase in revenue to $587 million for Q1 2024. The company's income from continuing operations was $56 million, which included $15 million in integration and transaction-related expenses. Free cash flow increased by 40% year-over-year to $144 million. The company is maintaining its full-year Adjusted EBITDA outlook range of $1,125 million to $1,200 million.

• Revenue increased 4% to $587 million.
• Free Cash Flow increased 40% year-over-year to $144 million, with a Free Cash Flow Margin of 24.5%.

Bright Horizons reported a strong start to 2024, with revenue of $623 million, a 12% increase compared to the first quarter of 2023. Net income increased by 109% to $17 million, and diluted earnings per share rose by 107% to $0.29. The company reaffirmed its financial guidance for 2024.

• Revenue increased by 12% to $623 million due to enrollment gains, tuition price increases, and increased utilization of back-up care services.
• Income from operations increased by 30% to $39.9 million, driven by incremental gross profit contributions from the full service center-based child care and back-up care segments.

BridgeBio Pharma reported a strong financial position after securing up to $1.5 billion in a Q1 2024 capital campaign and launching BridgeBio Oncology Therapeutics (BBOT) with a $200 million private financing. The company is preparing for the potential launch of acoramidis in the US and anticipates three Phase 3 readouts in 2025. Revenue for the quarter was $211.1 million, primarily due to upfront payments from licensing agreements.

• Presented cardiac magnetic resonance imaging evidence consistent with clinical improvement in ATTR-CM patients in the ATTRibute-CM Phase 3 study of acoramidis.
• Believes there is potential to pursue Accelerated Approval for BBP-418 based on recent interactions with the FDA.

Lantheus Holdings, Inc. reported a strong first quarter in 2024, with worldwide revenue increasing by 23.0% to $370.0 million. GAAP fully diluted net income per share was $1.87, compared to a loss of $0.04 in the same period last year. The company has raised its full-year 2024 revenue and earnings guidance.

• Worldwide revenue increased by 23.0% to $370.0 million compared to Q1 2023, driven by PYLARIFY and DEFINITY sales.
• PYLARIFY net product sales increased by 32.4% to $258.9 million due to increased utilization and market expansion.

Janus Henderson Group reported solid first quarter 2024 results, with operating income of US$119.2 million and diluted earnings per share of US$0.81. The company's AUM increased to US$352.6 billion, and the Board declared a quarterly dividend of US$0.39 per share and approved a new share repurchase authorization of up to US$150 million.

• Solid investment performance with a significant percentage of AUM outperforming benchmarks across various timeframes.
• AUM increased 5% quarter over quarter and 14% year over year, reaching US$352.6 billion.

Cognex's Q1 2024 revenue increased by 5% year-over-year. The company is seeing early indications of recovery in certain end markets and is focused on strategic initiatives like AI-enabled 3D vision and the Emerging Customer initiative.

• Revenue increased by 5% compared to Q1 2023, driven by growth in Logistics and Semi, offsetting softness in factory automation.
• Gross margin was 67.3%, impacted by acquisition charges and amortization related to the Moritex acquisition.

SPX Technologies reported strong Q1 2024 results, with revenue increasing to $465.2 million and operating income rising to $64.6 million. Net income reached $49.0 million, and adjusted EPS was $1.25. The company is raising its full-year guidance for Adjusted EPS to a range of $5.15 to $5.40.

• Revenue increased to $465.2 million from $399.8 million year-over-year.
• Operating income rose to $64.6 million from $49.8 million year-over-year.

APi Group reported a solid start to 2024, with continued progress on margin expansion initiatives, aiming for a 13% or more adjusted EBITDA margin in 2025. The company completed the Series B transaction and announced an agreement to acquire Elevated Facility Services Group, focusing on delivering the 2024 plan and long-term targets.

• Net revenues declined by 0.8% (1.4% organic decline) due to a decline in project revenues driven by disciplined project and customer selection, partially offset by growth in inspection, service, and monitoring revenue in the Safety Services segment.
• Reported and adjusted gross margin increased 440 and 390 basis points, respectively, compared to prior year period due to price increases, outsized growth in higher margin service revenue as well as significant margin expansion in project revenues across both segments.

Post Holdings reported strong second-quarter results, with net sales of $2.0 billion and an operating profit of $190.1 million. The company raised its full-year Adjusted EBITDA outlook to $1,335-$1,375 million.

• Net sales increased by 23.4% to $2.0 billion.
• Operating profit increased by 38.1% to $190.1 million.

Wayfair's Q1 2024 net revenue was $2.7 billion, a slight decrease of 1.6% year-over-year. The company reported a net loss of $248 million but achieved a Non-GAAP Adjusted EBITDA of $75 million. Active customers increased by 2.8% year-over-year, reaching 22.3 million.

• Total net revenue decreased slightly by 1.6% year-over-year to $2.7 billion.
• Active customers increased by 2.8% year-over-year, totaling 22.3 million.

Arrow Electronics reported first-quarter sales of $6.9 billion, aligning with guidance. The company's earnings per diluted share were $1.53, and non-GAAP earnings per diluted share reached $2.41. The company focused on managing working capital, cost discipline and protecting strategic growth priorities.

• Sales of $6.9 billion were in line with guidance.
• First-quarter earnings per diluted share were reported as $1.53.

IDACORP's first quarter 2024 net income decreased compared to the first quarter of 2023, primarily due to lower usage per customer because of weather conditions, and by higher depreciation and interest expense from system investments, despite benefits from rate changes and customer growth. The company reaffirms its 2024 earnings guidance.

• Net income attributable to IDACORP was $48.2 million, or $0.95 per diluted share, compared to $56.1 million, or $1.11 per diluted share, in the first quarter of 2023.
• Customer growth increased operating income by $4.7 million, with approximately 15,800 new customers, a 2.5% increase year-over-year.

Workiva reported a solid first quarter in 2024, with a 17% increase in total revenue, reaching $176 million. Subscription and support revenue grew by 20% year-over-year, and the company saw a 34% increase in customers with an annual contract value over $300,000.

• Total revenue reached $176 million, a 17% increase year-over-year.
• Subscription and support revenue increased by 20% compared to Q1 2023, totaling $155 million.

Vontier Corporation reported a 3% decrease in sales to $756 million, but core sales increased by 4%. GAAP diluted net EPS was $0.88, while adjusted diluted net EPS was $0.74, exceeding prior guidance. The company generated $92 million in operating cash flow and $78 million in adjusted free cash flow, representing a 68% adjusted free cash flow conversion.

• Sales reached $756 million, a 3% decrease compared to the previous year, but core sales increased by 4%.
• GAAP diluted net EPS was $0.88, with adjusted diluted net EPS at $0.74, surpassing the prior guidance of $0.68 to $0.72.

Insight Enterprises reported a record-setting first quarter with a 2% increase in net sales year-over-year, reaching $2.4 billion. Gross profit increased by 13% to $440.9 million, and diluted earnings per share increased by 30% to $1.74. Adjusted diluted earnings per share was $2.37, a 33% increase year-over-year.

• Gross profit increased 13% year over year to a record $440.9 million, with gross margin expanding 170 basis points to a first quarter record 18.5%.
• Insight Core services gross profit grew 24% year over year.

Madison Square Garden Sports Corp. reported a 12% increase in revenue to $430.0 million for the fiscal third quarter ended March 31, 2024. Operating income decreased slightly by 2% to $79.7 million, while adjusted operating income increased by 3% to $88.7 million.

• Revenues increased by $47.2 million, or 12%, compared to the prior year period, driven by higher ticket-related revenues, suite revenues, food, beverage and merchandise sales, local media rights fees, and revenues from league distributions.
• Operating income decreased by $2.0 million, or 2%, compared to the prior year period, due to increased direct operating expenses and selling, general and administrative expenses.

Schneider National reported Q1 2024 operating revenues of $1.3 billion, a decrease of 8% compared to $1.4 billion in Q1 2023. Income from operations decreased significantly to $28.7 million from $114.6 million in the same period last year. Diluted earnings per share were $0.10, with an adjusted diluted earnings per share of $0.11. The company updated its full-year adjusted diluted earnings per share guidance to $0.85 - $1.00 and net capital expenditures guidance to $350.0 - $400.0 million.

• Operating revenues decreased by 8% year-over-year to $1.3 billion due to freight recession pressures.
• Income from operations saw a significant decrease of 75% to $28.7 million.

CareTrust REIT reported a net income of $28.7 million, normalized FFO of $46.5 million, and normalized FAD of $48.7 million for the quarter ended March 31, 2024. The company sold 11.6 million shares under its ATM Program for gross proceeds of $273.2 million and collected 98.0% of contractual rent and interest.

• Investments of $118.8 million during the quarter at an estimated stabilized yield of 11.1%.
• 11.6 million shares sold under its ATM Program for gross proceeds of $273.2 million.

Sealed Air reported Q1 2024 results with net sales of $1.33 billion, a 1% decrease year-over-year. However, net earnings increased by 33% to $83 million, and adjusted EBITDA rose by 4% to $278 million. The company reaffirmed its full-year 2024 outlook.

• Net sales decreased by 1% to $1.33 billion, both as reported and on a constant currency basis.
• Net earnings increased by 33% to $83 million.

Dun & Bradstreet's Q1 2024 shows a positive trajectory with a 4.5% increase in revenue to $564.5 million, driven by organic revenue growth of 4.3%. The company's adjusted EBITDA increased by 6.0% to $201.3 million, with an adjusted EBITDA margin of 35.7%.

• Revenue increased by 4.5% to $564.5 million, with a 4.1% increase on a constant currency basis.
• Organic revenue increased by 4.3% on a constant currency basis.

Kontoor Brands reported a revenue of $631 million, a 5% decrease compared to the prior year. Adjusted EPS was $1.16, consistent with the prior year. The company is raising its full year earnings outlook due to a strong start to the year and increased visibility into gross margin expansion.

• Revenue of $631 million decreased 5 percent compared to prior year.
• Reported gross margin was 45.2 percent, with adjusted gross margin increasing 270 basis points to 45.7 percent compared to prior year.

Civitas Resources reported a strong first quarter in 2024, marked by operational efficiencies in the Permian Basin and the successful divestment of non-core DJ Basin assets. The company's financial liquidity remained robust at $1.5 billion, and it reaffirmed its full-year sales volume outlook.

• Closed acquisition of Midland Basin assets from Vencer Energy and assumed operatorship ahead of schedule.
• Achieved operational efficiencies in the Permian Basin, exceeding planned drilling and completion activity.

Lancaster Colony Corporation reported a 1.4% increase in consolidated net sales, reaching a record $471.4 million. The company experienced growth in both its Retail and Foodservice segments. Gross profit also increased by 10.9% due to favorable pricing, cost savings initiatives, and volume growth. Net income increased to $1.03 per diluted share.

• Consolidated net sales increased 1.4% to a third quarter record of $471.4 million.
• Retail net sales improved 0.3% to $248.1 million, driven by volume gains for the licensing program.

Itron reported a 22% increase in total revenue to $603 million, driven by strong operational execution and customer demand. The company's GAAP operating income increased to $63 million, and net income attributable to Itron was $52 million, or $1.12 per diluted share.

• Total revenue increased by 22% to $603 million, driven by operational execution and constructive customer demand.
• Networked Solutions segment achieved record quarterly revenue.

Shake Shack's Q1 2024 saw a 14.7% increase in total revenue to $290.5 million. System-wide sales grew by 12.3% to $443.3 million, and same-shack sales increased by 1.6%. The company achieved a net income of $2.2 million, a significant improvement from the previous year's net loss.

• Total revenue increased by 14.7% to $290.5 million.
• System-wide sales grew by 12.3% to $443.3 million.

Arcosa reported a 9% increase in first-quarter revenues, driven by contributions from all three segments. The company's operating cash flow increased by 195%, and they raised their full-year Adjusted EBITDA guidance due to the Ameron acquisition and strong Q1 results.

• First quarter revenues increased by 9%, with contributions from all three segments.
• Adjusted EBITDA grew by 7%, normalizing for the $22 million land sale gain in 2023.

Kilroy Realty Corporation reported first quarter financial results with revenues of $278.6 million and net income available to common stockholders of $0.42 per diluted share. The stabilized portfolio was 84.2% occupied and 85.7% leased. The company completed a public offering of $400.0 million of 12-year unsecured senior notes.

• Revenues reached $278.6 million.
• Net income available to common stockholders was $0.42 per diluted share.

Frontdoor reported a 3% increase in revenue to $378 million for Q1 2024. The company's gross profit margin expanded to 51%, and net income increased to $34 million. The company is raising full-year 2024 gross profit margin and Adjusted EBITDA outlook.

• Revenue increased 3% to $378 million, driven by an 11% increase from price that was partly offset by an 8% decline from lower volume.
• Gross profit margin expanded 510 basis points to 51% due to higher realized price, a transition to higher service fees, and process improvement initiatives, partly offset by inflationary cost pressures.

Belden reported Q1 2024 results with revenues of $536 million, a 17% year-over-year decrease, and GAAP EPS of $0.90, down 38% year-over-year. The company exceeded expectations for both revenues and EPS, and announced an agreement to acquire Precision Optical Technologies, Inc.

• Revenues totaled $536 million, down 17% year-over-year and organically.
• GAAP EPS was $0.90, a 38% decrease year-over-year.

SM Energy reported a strong start to 2024, driven by excellent operational execution. The company's net production exceeded guidance, and early-year performance supports increased full-year production guidance and lowered capital expenditure guidance. The company returned capital to stockholders and maintained low leverage.

• Net production was 13.2 MMBoe, exceeding guidance, driven by strong performance in South Texas.
• Full year guidance for net production increased to 57-60 MMBoe, and capital expenditure guidance lowered to $1.14-$1.18 billion.

Verra Mobility reported a strong start to 2024 with a 9% increase in total revenue to $209.7 million and a significant rise in net income to $29.1 million. The company's performance was driven by the successful implementation of the Verra Mobility Operating System (vmOS) and robust secular growth drivers. As a result, Verra Mobility is increasing its financial guidance for the year.

• Total revenue increased by 9% to $209.7 million compared to Q1 2023.
• Net income rose to $29.1 million, or $0.17 per share, compared to $4.6 million, or $0.03 per share in Q1 2023.

RXO's revenue was $0.9 billion for the first quarter, compared to $1.0 billion in the first quarter of 2023. The company reported a first-quarter 2024 GAAP net loss of $15 million. Adjusted EBITDA was $15 million, compared to $37 million in the first quarter of 2023.

• Brokerage volume increased by 11% year-over-year.
• Full-truckload volume growth of 8% and less-than-truckload volume growth of 29% year-over-year.

Organon reported a revenue increase of 5% on an as-reported basis and 7% ex-FX, with Women's Health and Biosimilars showing strong growth. The company remains confident in delivering its third year of revenue growth on a constant currency basis and full-year non-GAAP Adjusted EBITDA margins in line with last year, or better.

• Total revenue was $1,622 million, a 5% increase as-reported and 7% increase ex-FX compared to Q1 2023.
• Women’s Health revenue increased 11% as-reported and 12% ex-FX, driven by Nexplanon growth.

International Bancshares Corporation reported a net income of $97.3 million for Q1 2024, a decrease of 4.2% compared to Q1 2023. The results were positively impacted by increased interest income from investment and loan portfolios, but negatively impacted by increased provision for credit losses.

• Net income for Q1 2024 was $97.3 million, a decrease of 4.2% compared to Q1 2023.
• Diluted earnings per share were $1.56, a decrease of 4.3% compared to $1.63 in Q1 2023.

Ultragenyx reported $109 million in total revenue for the first quarter of 2024, representing 8% growth compared to the same period in 2023. Crysvita revenue was $83 million, a 9% increase year-over-year, while Dojolvi revenue was $16 million, a 14% increase year-over-year. The company reaffirmed its full-year 2024 revenue guidance.

• Total revenue for Q1 2024 was $109 million, an 8% increase compared to Q1 2023.
• Crysvita revenue for Q1 2024 was $83 million, a 9% increase compared to Q1 2023.

Sotera Health reported a solid start to 2024 with a 12.5% increase in net revenues to $248 million and a rise in net income to $6 million, or $0.02 per diluted share. The company reaffirmed its 2024 outlook, focusing on strategic priorities amidst market headwinds.

• Net revenues increased by 12.5% to $248 million compared to Q1 2023.
• Net income was $6 million, or $0.02 per diluted share, up from $3 million, or $0.01 per diluted share in Q1 2023.

Dentsply Sirona reported a decrease in net sales and organic sales for Q1 2024. While GAAP EPS was $0.09, adjusted EPS reached $0.42. The company is maintaining its FY24 outlook but expects to trend towards the lower end of the range.

• Net sales decreased by 2.6%, with organic sales down by 1.9%.
• GAAP net income was $18 million, resulting in earnings per share of $0.09.

PJT Partners reported record first quarter revenues of $329 million, a 65% increase year-over-year. GAAP diluted EPS increased by 82% to $1.22, and adjusted EPS increased by 81% to $0.98. The company repurchased 1.5 million shares and share equivalents and held $236 million in cash, cash equivalents, and short-term investments with no funded debt.

• Record first quarter revenues of $329 million, up 65% year-over-year.
• GAAP diluted EPS of $1.22, an increase of 82% year-over-year.

Granite Construction Incorporated reported a strong start to 2024, with a 20% increase in revenue to $672 million and a significant improvement in operating cash flow, which increased by $101 million year-over-year to $24 million. The company reorganized its operations to align leadership with the construction and materials segments, aiming to leverage expertise and drive growth.

• Revenue increased 20% year-over-year to $672 million.
• Diluted EPS was $(0.70), and adjusted diluted EPS was $(0.21).

Adtalem Global Education reported an 11.8% increase in revenue and a 7.8% increase in total student enrollment in Q3 2024. The company's Growth with Purpose strategy drove accelerated top- and bottom-line performance. Adjusted EPS grew by 32.7% year-over-year.

• Revenue increased by 11.8% year-over-year to $412.7 million.
• Total student enrollment grew by 7.8% year-over-year to 85,809.

Cinemark Holdings, Inc. reported a total revenue of $579 million and a net income of $25 million for the first quarter of 2024. The company's performance demonstrated skillful navigation of a dynamic operating environment impacted by strike-induced headwinds. They also strengthened their balance sheet by redeeming the remaining $150 million of COVID-related senior secured notes.

• Entertained 40 million moviegoers across our global footprint.
• Delivered domestic box office results that surpassed North American industry recovery relative to Q1 2019 by more than 700 basis points; international admissions outpaced our corresponding Latin American industry recovery by approximately 600 basis points.

PBF Energy Inc. reported a first quarter 2024 income from operations of $145.1 million, compared to $532.4 million for the first quarter of 2023. Net income attributable to PBF Energy Inc. was $106.6 million, or $0.86 per share, compared to $382.1 million, or $2.86 per share for the first quarter 2023. The company repurchased approximately 2.6 million shares for approximately $125 million and announced a quarterly dividend of $0.25 per share.

• First quarter income from operations was $145.1 million (excluding special items, $143.9 million).
• A quarterly dividend of $0.25 per share was announced.

Resideo's first quarter 2024 saw a net revenue of $1.49 billion, a 4% decrease compared to the previous year. Net income was $43 million, and adjusted EBITDA reached $137 million, driven by performance within Products and Solutions.

• Net revenue decreased by 4% year-over-year to $1.49 billion.
• Net income was $43 million, compared to $57 million in the first quarter of 2023.

Hayward Holdings reported a 1% increase in net sales, reaching $212.6 million for the first quarter of fiscal year 2024. The company experienced a 17% increase in net income, totaling $9.8 million, and an adjusted EBITDA of $45.0 million. Diluted EPS was $0.04, with an adjusted diluted EPS of $0.08.

• Net sales increased by 1% to $212.6 million.
• Net income increased by 17% to $9.8 million.

Walker & Dunlop reported a mixed Q1 2024 with a 4% decrease in total revenues to $228.1 million and a 55% decrease in net income to $11.9 million, or $0.35 per diluted share. However, adjusted EBITDA increased by 9% to $74.1 million, and adjusted core EPS rose by 2% to $1.19, demonstrating the strength of recurring revenue streams despite market headwinds.

• Total transaction volume was $6.4 billion, a 5% decrease compared to Q1 2023.
• Total revenues amounted to $228.1 million, a 4% decrease year-over-year.

Hercules Capital reported a strong start to 2024 with record Q1 commitments of $956.0 million and fundings of $605.2 million. Net investment income was $79.2 million, or $0.50 per share, providing 125% coverage of the base distribution. The company's net debt portfolio grew by $325.3 million, and undistributed earnings spillover increased to $142.7 million.

• Total gross debt and equity commitments reached a record $956.0 million, an 81.7% increase year-over-year.
• Total gross fundings also hit a record of $605.2 million, a 27.1% increase year-over-year.

Peloton's Q3 FY2024 saw a total revenue of $717.7 million. The company achieved positive Free Cash Flow for the first time in over 3 years and announced a new restructuring program to reduce annual expenses by more than $200 million.

• Ended Q3 with 3.056 million Paid Connected Fitness Subscriptions.
• Average Net Monthly Paid Connected Fitness Subscription Churn was 1.2%.

Twist Bioscience reported a strong second quarter with revenue increasing to $75.3 million, a 25% increase year-over-year, and orders increasing to $93.2 million, a 45% increase year-over-year. The company's gross margin improved to 41%, and they are focused on achieving profitability.

• Total revenue increased to $75.3 million, up 25% compared to the same period last year.
• Total orders increased to $93.2 million, up 45% compared to the same period last year.

PENN Entertainment's Q1 2024 results showed resilience in property-level performance with stable trends continuing into April, despite weather impacts in January and February. ESPN BET drove strong demand but was impacted by unfavorable hold. The company is focused on enhancing product offerings and media integrations with ESPN to improve retention and user spend. PENN Entertainment hired Aaron LaBerge as CTO to accelerate technology and product improvements. Total liquidity was $1.9 billion, and traditional net debt was $1.7 billion.

• Property level performance showed resilience with stable trends continuing into April.
• ESPN BET continued to drive strong top of funnel demand, leading to record online sports betting handle and iCasino gross gaming revenue.

OUTFRONT Media reported a revenue increase of 3.2% to $408.5 million for Q1 2024. However, the company experienced a net loss of $27.2 million, although this was a slight improvement compared to the $28.9 million loss in the same period last year. Adjusted OIBDA increased by 10.5% to $66.5 million.

• Total revenue increased by 3.2% to $408.5 million.
• Organic revenues also increased by 3.2%.

Five9 reported a record revenue of $247.0 million for the first quarter of 2024, a 13% increase compared to the first quarter of 2023. Subscription revenue grew by 20% year-over-year. The company signed its largest deal ever with a Fortune 50 financial services company.

• Total revenue increased by 13% year-over-year to a record $247.0 million.
• Subscription revenue grew by 20% year-over-year.

Alignment Healthcare reported strong first quarter results, driven by their Medicare Advantage platform and effective cost management. The company met or exceeded expectations across membership, revenue, adjusted gross profit, and adjusted EBITDA, setting a solid foundation for achieving their full-year outlook.

• First quarter results reflect the strength and resilience of the Medicare Advantage platform.
• The company is committed to delivering exceptional care while effectively managing medical costs.

Wendy's Q1 2024 results showed positive momentum, with global same-restaurant sales growth accelerating by 120 basis points on a two-year basis. This growth was supported by high-single digit U.S. breakfast sales growth and a global digital sales mix of nearly 17%. The company's focus on customer-centric plans and investments is expected to drive long-term shareholder value.

• Global same-restaurant sales growth accelerated by 120 basis points on a two-year basis.
• U.S. breakfast sales experienced high-single digit year-over-year growth.

Tidewater Inc. reported revenue of $321.2 million and net income of $47.0 million ($0.89 per common share) for the three months ended March 31, 2024. The company's performance exceeded expectations, driven by increasing day rates and effective management of seasonality and drydock schedules. The Board has authorized an additional $18.1 million of additional share repurchase capacity, for a total share repurchase capacity of $50.7 million.

• Revenue for Q1 2024 reached $321.2 million, surpassing the $193.1 million reported for Q1 2023.
• Net income for Q1 2024 was $47.0 million ($0.89 per common share), significantly higher than the $10.7 million ($0.21 per common share) for Q1 2023.

Bausch Health announced strong first quarter 2024 results with revenues of $2.15 billion, up 11% on a reported basis and 8% organically. All segments showed year-over-year revenue growth. The company reaffirmed its full-year revenue and adjusted EBITDA guidance.

• First quarter revenues reached $2.15 billion, an 11% increase reported and 8% organically.
• All segments experienced year-over-year revenue growth on both reported and organic bases.

Palomar Holdings reported a net income of $26.4 million, or $1.04 per diluted share, for the first quarter of 2024. Gross written premiums increased by 47.2% to $368.1 million. The combined ratio was 76.9% and the adjusted combined ratio was 73.0%.

• Gross written premiums increased by 47.2% to $368.1 million.
• Net income was $26.4 million, compared to $17.3 million in the first quarter of 2023.

Laureate Education reported a 10% increase in revenue to $275.4 million. Operating income was $11.1 million, and the net loss was $(10.8) million. Adjusted EBITDA was $30.6 million.

• New enrollments increased 1%.
• Total enrollments increased 5%.

Novocure reported a 13% year-over-year increase in net revenues to $139 million for Q1 2024. The company highlighted the growth in GBM active patients, positive results from the METIS Phase 3 clinical trial, and a productive Day-100 meeting with the FDA for the LUNAR PMA application.

• Net revenues for the quarter were $138.5 million, a 13% increase compared to the same period in 2023, driven by successful launch in France and improved U.S. approval rates.
• The METIS Phase 3 clinical trial met its primary endpoint, demonstrating a statistically significant extension in time to intracranial progression for patients with brain metastases from NSCLC.

Driven Brands reported a 2% increase in revenue to $572 million for Q1 2024. System-wide sales increased by 7% to $1.6 billion, driven by 0.7% same store sales growth and 144 net new units. Net income was $4.3 million, and Adjusted EBITDA was $131.0 million, up 6% versus the prior year.

• Driven Brands achieved its 13th consecutive quarter of same store sales growth.
• Maintenance segment delivered 5% same store sales growth, driven by 7% growth in Take 5 Oil Change.

Enovis reported a strong start to 2024 with a 27% increase in sales and significant adjusted margin expansion. The acquisition of LimaCorporate S.p.A. was a key highlight, with integration progressing as planned. The company's revenue and operating margins exceeded expectations.

• Net sales grew by 27% on a reported basis and 5% on a proforma basis.
• Recon sales increased by 66% on a reported basis and 7% on a proforma basis.

Select Medical Holdings Corporation reported a 7.4% increase in revenue to $1,788.8 million for the first quarter ended March 31, 2024, compared to $1,665.0 million for the same quarter, prior year. Net income increased 37.4% to $117.2 million, and earnings per share increased 33.9% to $0.75.

• Revenue increased by 7.4% to $1,788.8 million compared to the same quarter last year.
• Net income increased by 37.4% to $117.2 million compared to the same quarter last year.

Appian's first quarter 2024 results showed a revenue of $149.8 million, up 11% year-over-year. Cloud subscription revenue increased 24% year-over-year to $86.6 million. The GAAP operating loss was reduced to $(19.5) million, compared to $(35.3) million for the first quarter of 2023.

• Cloud subscription revenue increased 24% year-over-year to $86.6 million.
• Total revenue was $149.8 million, up 11% compared to the first quarter of 2023.

Quaker Houghton announced its first quarter 2024 results with net sales of $469.8 million, net income of $35.2 million, and EPS of $1.95. The company's adjusted EBITDA increased by 6% compared to the prior year, driven by improved gross margins. Despite a decline in sales volumes and selling price/product mix, the company remains confident in delivering volume and earnings growth in 2024.

• Q1 2024 net sales reached $469.8 million, with a net income of $35.2 million and earnings per diluted share of $1.95.
• Non-GAAP net income for Q1 2024 was $37.7 million, resulting in non-GAAP earnings per diluted share of $2.09.

LXP Industrial Trust reported a net loss attributable to common shareholders of $(1.9) million, or $(0.01) per diluted common share, and Adjusted Company FFO of $48.8 million, or $0.16 per diluted common share for the quarter ended March 31, 2024. The company also saw a 6.5% increase in Industrial Same-Store NOI compared to the same period in 2023.

• Net Loss attributable to common shareholders was $(1.9) million, or $(0.01) per diluted common share.
• Adjusted Company FFO was $48.8 million, or $0.16 per diluted common share.

Tandem Diabetes Care reported a 13% increase in worldwide GAAP sales, reaching $191.7 million, and a 9% increase in worldwide pump shipments to approximately 25,000 pumps. The company launched Tandem Mobi with Dexcom G6 integration and t:slim X2 with Abbott Freestyle Libre 2 Plus integration in the U.S., and initiated the rollout of t:slim X2 with Dexcom G7 integration outside the U.S. They also received FDA clearance to expand the Tandem Mobi pump indication.

• Worldwide GAAP sales increased 13% to $191.7 million compared to Q1 2023.
• Worldwide pump shipments increased 9% to approximately 25,000 pumps.

ICF reported a record first quarter with a 2% increase in revenue to $494 million, or 9% excluding divestitures. Net income was $27 million, with GAAP EPS at $1.44 and non-GAAP EPS at $1.77. Contract awards were $495 million, resulting in a trailing twelve-month book-to-bill ratio of 1.23. The company reaffirmed its full-year guidance.

• Revenue increased by 2% to $494 million, and 9% excluding the impact of divestitures.
• Net income reached $27 million, with GAAP EPS at $1.44, a 66% increase.

Dream Finders Homes announced strong first-quarter results, with an 8% increase in homebuilding revenues to $825 million and a 19% increase in net new orders. The acquisition of Crescent Homes contributed to growth, particularly in the Mid-Atlantic segment. Net income attributable to DFH rose by 11% to $54 million.

• Homebuilding revenues increased by 8% to $825 million.
• Net new orders increased by 19% to 1,724.

Alamo Group Inc. reported a 3.4% increase in net sales to $425.6 million for the first quarter of 2024. The Industrial Equipment division saw a significant increase in sales, while the Vegetation Management division faced market headwinds. Net income was $32.1 million, or $2.67 per diluted share.

• Record net sales of $425.6 million, a 3.4% increase year-over-year.
• Industrial Equipment net sales increased by 29.9% to $201.8 million.

Standex International Corporation reported solid adjusted gross margin and record free cash flow for the third quarter of fiscal year 2024, despite experiencing softness in general market conditions. The company reaffirmed its long-term target for fast growth market sales and completed the acquisition of Sanyu Switch Company.

• Fast Growth Market Sales Increased ~9% Year-On-Year to ~$26 Million
• GAAP Gross Margin of 38.5% and Adjusted Gross Margin of 39.0%, Up 50 bps Year-on-Year

Peabody Energy reported a net income of $39.6 million for Q1 2024, a decrease from $268.5 million in the prior year quarter. Adjusted EBITDA was $160.5 million, also lower than the $390.6 million in the previous year. The company reaffirmed its full-year guidance and completed the acquisition of Wards Well.

• Reported first quarter Adjusted EBITDA of $160.5 million and generated operating cash flow from continuing operations of $120.3 million.
• Repurchased 3.2 million shares, or 3% of shares outstanding, for $80.4 million.

LeMaitre Vascular reported a strong Q1 2024 with a 14% increase in sales, driven by allografts, bovine patches, carotid shunts, and distributed porcine patches. The company's gross margin improved by 300 bps to 68.6%, and operating income increased by 51%.

• Sales increased by 14% compared to Q1 2023, with organic growth of 11%.
• Gross margin improved to 68.6%, a 300 bps increase from the previous year.

VIAVI's third quarter fiscal 2024 net revenue was $246.0 million. GAAP net loss was $(24.6) million, or $(0.11) per share. Non-GAAP net income was $13.2 million, or $0.06 per share. The company's revenue came in at the lower end of their guidance, with stronger OSP demand partially offsetting weaker than expected NSE demand.

• Net revenue was $246.0 million, down 0.7% year-over-year.
• GAAP operating margin was (4.8)%, down 400 bps year-over-year.

Trupanion's total revenue was $306.1 million, a 19% increase compared to Q1 2023. Subscription revenue increased by 22% year-over-year. The company is prioritizing cash flow generation, with discretionary profit from the core subscription business increasing 55% and acquisition spend decreasing 23% year-over-year.

• Total revenue increased by 19% year-over-year, reaching $306.1 million.
• Subscription business revenue grew by 22% compared to Q1 2023, totaling $201.1 million.

Vestis Corporation reported a 0.9% increase in revenue to $705 million for Q2 2024. Despite a decrease in operating income and adjusted EBITDA, the company demonstrated strong cash flow generation, with operating cash flow up 85% and free cash flow up 107% year-over-year. The company updated its fiscal year 2024 outlook, expecting revenue growth in the range of -1% to 0% and adjusted EBITDA margin between 12.0% and 12.4%.

• Revenue increased by 0.9% year-over-year to $705 million, or 2.8% excluding FX impact and prior year temporary energy fee.
• Operating income was $43 million, representing 6.1% of revenue.

Omnicell announced its first quarter 2024 results, exceeding prior guidance across all key metrics including revenue, non-GAAP EBITDA, and non-GAAP earnings per share. Total GAAP revenues were $246 million, a decrease of 15% compared to the first quarter of 2023. The company reported a GAAP net loss of $16 million, or $0.34 per diluted share, and a non-GAAP net income of $1 million, or $0.03 per diluted share.

• Introduced XT Amplify, innovative solutions designed to enhance pharmacy and nursing efficiency and reduce medication errors.
• Hosted Illuminate 2024 educational and networking event.

Criteo reported a record first quarter with revenue increasing by 1% year-over-year to $450 million, and net income of $9 million, or $0.12 per share. The company raised its full-year 2024 guidance reflecting confidence in its business strategy and financial strength.

• Retail Media Contribution ex-TAC grew 34% year-over-year at constant currency.
• Expanded platform adoption to 2,700 brands and close to 225 retailers and marketplaces.

Agios Pharmaceuticals reported PYRUKYND® net revenue of $8.2 million in Q1 2024, a 15% sequential increase from Q4 2023. They announced positive results from the Phase 3 ENERGIZE study of mitapivat in adults with non-transfusion-dependent alpha- or beta-thalassemia. Cash, cash equivalents, and marketable securities totaled $714.3 million as of March 31, 2024.

• PYRUKYND® net revenue was $8.2 million in Q1 2024, a 15% increase sequentially.
• Positive results were announced from the Phase 3 ENERGIZE study of mitapivat in adults with non-transfusion-dependent alpha- or beta-thalassemia.

Cable One reported a decrease in revenue and net income for Q1 2024 compared to the same period last year. However, the company saw sequential growth in residential data customers. The company's revenues totaled $404.3 million, and net income was $47.3 million.

• Residential data PSUs grew sequentially by 6,900, or 0.7%, from Q4 2023.
• Business data PSUs grew sequentially by 300, or 0.3%, from Q4 2023.

Sprout Social reported a 29% increase in revenue, reaching $96.8 million in Q1 2024. The company grew its customer base with over $10,000 and $50,000 in ARR, while also announcing a CEO succession plan.

• Revenue increased by 29% year-over-year, reaching $96.8 million.
• The number of customers contributing over $10,000 in ARR grew by 24% year-over-year.

Frontier Airlines reported a total operating revenue of $865 million, a 2% increase compared to Q1 2023, driven by an 8% capacity growth. The company's cost management and revenue diversification strategies contributed to better-than-expected results, with a focus on underserved, high-fare markets and network enhancements.

• Total operating revenues increased by 2% to $865 million compared to Q1 2023.
• Pre-tax loss was $24 million, with a margin of (2.8) percent, reflecting better cost and revenue performance.

Rocket Companies reported a net revenue of $1.4 billion and GAAP net income of $291 million, or $0.11 per diluted share, for Q1 2024. Adjusted revenue was $1.2 billion, exceeding the high end of the guidance range. The company saw a 19% increase in closed loan origination volume and an increase in gain on sale margin to 3.11%.

• Total revenue, net reached $1.4 billion with a GAAP net income of $291 million, or 11 cents per diluted share.
• Closed loan origination volume for Rocket Mortgage was $20.2 billion, a 19% increase year-over-year.

Geron reported a net loss of $55.4 million, or $0.09 per share, for the first quarter of 2024. As of March 31, 2024, the Company had approximately $465 million in cash and marketable securities.

• The FDA ODAC voted 12 to 2 in favor of the clinical benefit/risk profile of imetelstat for the treatment of transfusion-dependent anemia in patients with lower-risk MDS in March.
• Geron is actively preparing for a successful launch of imetelstat in the U.S., including onboarding its sales force in April.

Grid Dynamics reported first quarter revenue of $79.8 million, which was higher than the outlook range. However, the company experienced a GAAP net loss of $3.9 million.

• Total revenues were $79.8 million, an increase of 2.2% on a sequential basis and flat on a year-over-year basis.
• GAAP gross profit was $27.7 million, or 34.7% of revenues.

Pitney Bowes announced its Q1 2024 financial results, reporting flat revenue of $831 million compared to the prior year. The company experienced a net loss of $3 million, an improvement of $5 million year-over-year. Adjusted EBIT increased by $23 million to $56 million. The company is maintaining its full-year 2024 guidance, expecting revenue growth to range from flat to a low-single digit decline and EBIT margins to remain relatively flat year-over-year.

• Revenue was $831 million, flat compared to the prior year.
• Net loss improved by $5 million year-over-year, despite higher interest and tax expense.

Distribution Solutions Group reported a 19.5% increase in revenue to $416 million for the first quarter of 2024, driven by acquisitions. The adjusted EBITDA margin improved to 8.7% compared to 8.4% in the previous quarter. The Lawson MRO vertical had strong performance, Gexpro Services OEM vertical returned to double-digit margins, and TestEquity industrial technology vertical margins stabilized.

• Revenue increased by 19.5% to $416.1 million, including $99.2 million from recent acquisitions.
• Two-year stacked organic revenue grew by 4.7%, despite an 8.6% decrease in current quarter organic revenue.

Xenia Hotels & Resorts reported a net income of $8.5 million for Q1 2024, an increase compared to Q1 2023. However, Adjusted EBITDAre decreased by 8.5%. Same-Property RevPAR decreased by 1.5%, but excluding the impact of renovations at Hyatt Regency Scottsdale, it increased by 3.7%.

• Net income attributable to common stockholders was $8.5 million, or $0.08 per share.
• Adjusted FFO per Diluted Share increased to $0.44, compared to $0.40 in the first quarter of 2023.

Fresh Del Monte reported a decrease in net sales for Q1 2024, with $1,107.9 million compared to $1,128.5 million in the prior-year period. The decline was attributed to lower banana net sales and reduced sales in the other products and services segment, although the fresh and value-added products segment saw an increase. Operating income decreased to $44.1 million from $74.5 million year-over-year, and net income was $26.1 million compared to $39.0 million in the prior year.

• Net sales decreased to $1,107.9 million from $1,128.5 million year-over-year.
• Fresh and value-added products segment revenue increased by 5%.

UMH Properties, Inc. reported a solid first quarter in 2024, marked by a 10% increase in total income to $57.7 million. The company experienced growth in normalized FFO per diluted share, rising by 10% year-over-year, and an increase in overall and same-property occupancy, driving same-property income and NOI growth.

• Total income for the quarter ended March 31, 2024, increased by 10% to $57.7 million compared to $52.6 million for the same period in 2023.
• Net Loss Attributable to Common Shareholders was $6.3 million, or $0.09 per diluted share.

Vir Biotechnology reported a net loss of $65.3 million, or $(0.48) per share, for the first quarter of 2024. The company's cash, cash equivalents, and investments totaled $1.51 billion as of March 31, 2024. Total revenues for the quarter were $56.4 million, compared to $63.0 million for the same period in 2023.

• Phase 2 chronic hepatitis delta SOLSTICE trial data abstract accepted for poster presentation at EASL Congress 2024.
• Two additional hepatitis program data readouts are on track for the fourth quarter of 2024.

Dyne Therapeutics reported a net loss of $65.6 million for the first quarter of 2024. The company's cash, cash equivalents, and marketable securities totaled $453.5 million as of March 31, 2024, which are anticipated to fund operations through 2025.

• John Cox was appointed president, CEO, and a member of the Board of Directors in March 2024.
• The ACHIEVE trial of DYNE-101 and the DELIVER trial of DYNE-251 are ongoing and recently completed enrollment in the 6.8 mg/kg Q8W cohort and the 40 mg/kg Q8W cohort, respectively.

Altice USA's Q1 2024 results showed a focus on customer profitability, with improved financial trends in customer ARPU and revenue growth in fiber customer net adds and mobile line net adds. The company reported a total revenue of $2.3 billion, a net loss attributable to stockholders of $21.2 million, and a free cash flow of $63.6 million.

• Total revenue decreased by 1.9% year-over-year to $2.3 billion.
• Residential revenue decreased by 2.9% year-over-year to $1.8 billion, but residential ARPU increased by 0.3% to $135.67.

Sabre's Q1 2024 revenue totaled $783 million, a 5% increase year-over-year. The company reported an operating income of $98 million, a significant improvement from the previous year. Net loss attributable to common stockholders was $71 million, and adjusted EBITDA reached $142 million.

• Strong financial performance exceeded prior Q1 guidance, leading to raised full-year 2024 revenue and Adjusted EBITDA outlook.
• Operating income reached $98 million with a 13 percentage point operating margin improvement; Q1 revenue increased 5% year-over-year while operating costs declined 8% over the same period.

Ardelyx reported a strong first quarter in 2024, driven by increased net product sales and product supply revenue. The company saw substantial topline growth due to the continued commercial performance of IBSRELA and the strong launch of XPHOZAH. They thoughtfully managed expenses and ended the quarter with a strong cash position.

• Total revenue for the quarter ended March 31, 2024 was $46.0 million, compared to $11.4 million for the quarter ended March 31, 2023.
• IBSRELA U.S. net product sales revenue was $28.4 million, compared to $11.4 million during the same period of 2023.

Genesis Energy, L.P. reported a net income attributable to Genesis Energy, L.P. of $11.4 million for the first quarter of 2024, compared to a net loss of $1.6 million for the same period in 2023. The company's Adjusted EBITDA was $163.1 million, and Available Cash before Reserves to common unitholders was $54.0 million, providing 2.94X coverage for the quarterly distribution.

• Net Income Attributable to Genesis Energy, L.P. was $11.4 million, a significant improvement from the $1.6 million net loss in the same quarter of the previous year.
• Cash Flows from Operating Activities reached $125.9 million, up from $97.7 million in the first quarter of 2023.

Charles River Associates (CRA) reported record financial results for the first quarter of fiscal 2024. Revenue increased by 12.4% to $171.8 million, the highest quarterly revenue in the company's history. Profits grew at even faster rates, with new quarterly records set for net income, earnings per diluted share and EBITDA.

• Revenue grew 12.4% year over year to $171.8 million.
• Utilization was 73%, and quarter-end headcount increased 2.6% year over year.

Custom Truck One Source reported a decrease in total revenue to $411.3 million, a net loss of $14.3 million, and an adjusted EBITDA of $77.4 million for the first quarter of 2024. The company is updating its full-year revenue and Adjusted EBITDA guidance for 2024, expecting near-term pressure in demand in the utility market.

• Total revenue decreased by 9.0% compared to the first quarter of 2023, totaling $411.3 million.
• Net loss was $14.3 million, compared to a net income of $13.8 million in the first quarter of 2023.

XPEL reported a 5.0% increase in revenue to $90.1 million for the first quarter of 2024. However, net income decreased by 41.7% to $6.7 million, and EBITDA decreased by 31.5% to $11.7 million. The company faced challenges in the U.S. market and a significant decline in revenue from China.

• Revenue increased by 5.0% year-over-year to $90.1 million.
• Net income decreased by 41.7% to $6.7 million, or $0.24 per share.

Dril-Quip reported a 21.4% increase in revenue year-over-year, driven by the addition of Great North. However, the company experienced a net loss of $20.0 million, influenced by expenses related to the pending merger with Innovex.

• Revenue increased 21.4% year-over-year to $110.3 million, driven by the addition of Great North, which contributed $25.1 million.
• Net loss was $20.0 million, a decrease of $22.3 million year-over-year.

Utz Brands reported net sales of $346.5 million and a net income of $2.4 million for Q1 2024. The company experienced organic net sales growth of 1.5% and a significant increase in Adjusted Earnings per Share of 27.3%. They are reaffirming Organic Net Sales and Adjusted EBITDA outlook, while raising Adjusted Earnings per Share outlook.

• Net sales reached $346.5 million.
• Organic Net Sales increased by 1.5%.

Viad Corp reported solid first-quarter results, meeting expectations with Pursuit's 14% revenue growth driven by attractions and GES delivering strong profitable growth and margin expansion. The company maintains a favorable full-year outlook with expected consolidated adjusted EBITDA growth.

• Pursuit delivered 14% revenue growth, driven by strong attractions performance and the successful launch of the new FlyOver Chicago attraction.
• GES drove margin expansion with healthy revenue growth.

Udemy's Q1 2024 results showed a 12% year-over-year revenue increase to $196.8 million, exceeding guidance. The company's Enterprise segment (Udemy Business) grew by 24%, while Consumer segment revenue decreased by 2%. The board authorized a $50 million expansion of the share repurchase program to $150 million, reflecting confidence in the company's long-term opportunity.

• Total revenue increased by 12% year-over-year to $196.8 million.
• Enterprise segment revenue increased by 24% year-over-year to $117.6 million.

Olaplex reported a decrease in net sales by 13.1% to $98.9 million compared to Q1 2023. Diluted EPS was $0.01, and adjusted diluted EPS was $0.03. The company is reiterating its fiscal year 2024 guidance for net sales, adjusted net income, and adjusted EBITDA.

• Net sales decreased 13.1% to $98.9 million.
• Professional channel decreased 19.9% to $38.7 million.

Turning Point Brands reported a 3.9% decrease in total consolidated net sales to $97.1 million, but experienced growth in Zig-Zag and Stoker's products. Gross profit increased by 6.8% to $51.9 million, and net income increased significantly by 58.1% to $12.0 million. The company reaffirmed its full-year 2024 adjusted EBITDA guidance of $95 to $100 million.

• Total consolidated net sales decreased by 3.9% to $97.1 million.
• Zig-Zag Products net sales increased by 11.5% year-over-year.

Cohu reported Q1 2024 net sales of $107.6 million and a GAAP loss of $14.6 million, or $0.31 per share. Non-GAAP income was $0.6 million, or $0.01 per share.

• First quarter revenue was $107.6 million, with approximately 66% recurring.
• Gross margin was 45.8%, with non-GAAP gross margin at 46.0%.

Shutterstock reported first quarter revenue of $214.3 million, consistent with the previous year. Net income decreased to $16.1 million, impacted by expenses related to the Giphy workforce, increased marketing, and acquisition costs. The company has entered into an agreement to acquire Envato to expand its content breadth and reach.

• Revenue remained consistent at $214.3 million compared to Q1 2023.
• Content revenue decreased by 10% to $173.8 million, driven by weakness in new customer acquisition.

Opendoor Technologies Inc. reported its Q1 2024 financial results, exceeding guidance with a revenue of $1.2 billion, a gross profit of $114 million, and a net loss of $(109) million. The company saw a 36% increase in revenue compared to the previous quarter and more than doubled its market share year-over-year.

• Revenue reached $1.2 billion, showing a 36% increase compared to Q4 2023.
• Gross profit was $114 million, with a gross margin of 9.7%.

BigBear.ai reported a decrease in revenue for Q1 2024, primarily due to the planned wind-down of the Air Force EPASS program and the elimination of revenue from Virgin Orbit's bankruptcy. The company's net loss included a significant non-cash goodwill impairment charge. However, they affirm their full-year revenue guidance of $195 - $215 million.

• Revenue decreased by 21.4% to $33.1 million compared to Q1 2023.
• Net loss was $125.1 million, including a non-cash goodwill impairment charge of $85.0 million.

Bicycle Therapeutics reported its first quarter financial results, highlighting the initiation of the Phase 2/3 Duravelo-2 registrational trial for BT8009 in metastatic urothelial cancer and progress across its pipeline.

• Multiple preclinical and clinical abstracts accepted for presentation at 2024 ASCO Annual Meeting and AACR Annual Meeting.
• Continued progress across research and development (R&D) pipeline, with numerous clinical data readouts and updates expected in 2H 2024.

Ecovyst reported sales of $160.5 million with a net income of $1.2 million. Adjusted EBITDA increased by 6% to $45.5 million, driven by higher sales volume in Ecoservices. Strong cash generation allowed for a reduction in net debt leverage ratio to 2.9x.

• Sales reached $160.5 million, reflecting higher sales volume in virgin sulfuric acid and regeneration services, offset by lower sales of advanced silicas and lower average selling prices in Ecoservices.
• Net income was $1.2 million, with diluted net income per share of $0.01.

Saul Centers, Inc. reported an increase in total revenue to $66.7 million and net income to $18.3 million for the first quarter of 2024, driven by higher commercial and residential base rent.

• Total revenue increased to $66.7 million from $63.0 million compared to the same quarter last year.
• Net income increased to $18.3 million from $17.7 million compared to the same quarter last year.

Orion S.A. reported first quarter 2024 financial results with net sales up slightly year-over-year, but net income and adjusted EBITDA down. Volume increased, driven by recovery in specialty carbon black, but gross profit was impacted by timing items and higher costs. The company reiterated its full-year guidance for adjusted EBITDA and adjusted diluted EPS.

• Net sales increased by $2.2 million, or 0.4%, year over year, driven primarily by higher volume.
• Net income decreased by $15.6 million, or 36.9%, year over year.

Digimarc reported a strong first quarter with an 85% increase in quarter-ending Annual Recurring Revenue (ARR), a 52% growth in commercial subscription revenue, and an expansion of subscription gross profit margin by 7.5 percentage points to 87.0%.

• Annual Recurring Revenue (ARR) increased by 85% compared to Q1 2023.
• Commercial subscription revenue grew by 52% compared to Q1 2023.

MGP Ingredients reported a decrease in sales by 15% to $170.6 million due to the Atchison distillery closure, but consolidated sales were in line with the prior year period excluding the impact of the closure. The company saw a decrease in net income by 34% to $20.6 million, and a decrease in EPS to $0.92 per share from $1.40 per share.

• Sales decreased 15% to $170.6 million due to the Atchison distillery closure.
• Gross profit decreased 10% to $62.8 million, representing 36.8% of sales.

Relay Therapeutics reported a revenue of $10.0 million for the first quarter of 2024, primarily due to a milestone payment from Genentech. The company's cash, cash equivalents, and investments totaled approximately $750 million, expected to fund operations into the second half of 2026. Net loss for the quarter was $81.4 million, or $0.62 per share.

• Cash, cash equivalents, and investments totaled approximately $750 million at the end of Q1 2024, expected to fund operations into the second half of 2026.
• Revenue was $10.0 million for the first quarter of 2024, compared to $0.2 million for the first quarter of 2023, driven by a milestone payment from Genentech.

Axogen, Inc. reported a 12.9% increase in first-quarter revenue, reaching $41.4 million compared to the previous year. The company's gross margin improved to 78.8%, and it reduced its net loss to $6.6 million, or $0.15 per share. The company is focused on higher productivity to reach profitability and positive cashflow.

• First quarter revenue increased by 12.9% year-over-year, reaching $41.4 million.
• Gross margin improved to 78.8% compared to 77.7% in the same quarter of the previous year.

Plymouth Industrial REIT reported on their Q1 2024 earnings, highlighting the strength of their balance sheet and liquidity, with fixed rates for over 90% of their debt. The company is seeing the transaction market unlock earlier than anticipated and is focused on accretive growth in 2024 that translates into FFO growth.

• Observed continued announcements for new investments in the Golden Triangle, including substantial ones from Toyota and Honda.
• Maintained a strong balance sheet and liquidity, with fixed rates for well over 90% of the debt.

Malibu Boats reported a significant decrease in net sales, gross profit, and net income for Q3 2024, driven by decreased unit volumes across all segments and increased dealer flooring program costs. The company faced challenges due to softened retail demand and elevated channel inventories, particularly in the tow boat and value boat markets. A goodwill and other intangible asset impairment charge of $88.4 million further impacted the results.

• Net sales decreased by 45.8% to $203.4 million.
• Unit volume decreased by 51.9% to 1,269 units.

IRadimed Corporation reported record revenue of $17.6 million for Q1 2024, a 13.7% increase compared to Q1 2023. GAAP diluted EPS was $0.32, and non-GAAP diluted EPS was $0.36. Operating income increased by 18.5% to $4.7 million.

• Record revenue of $17.6 million was reported for the first quarter of 2024.
• GAAP diluted EPS was $0.32, and non-GAAP diluted EPS was $0.36 for the first quarter of 2024.

Enviri Corporation reported a 7% increase in first quarter revenues to $600 million compared to the prior year. GAAP operating income was $26 million, and adjusted EBITDA increased by 19% to $78 million. The company experienced a GAAP diluted loss per share of $0.21 and an adjusted diluted loss per share of $0.03.

• Revenues totaled $600 million, a 7% increase year-over-year.
• GAAP operating income was $26 million.

Castle Biosciences reported a strong start to 2024 with a 74% increase in revenue compared to Q1 2023, reaching $73 million. The company also raised its full-year 2024 revenue guidance to $255-265 million, reflecting confidence in the business.

• Revenue increased by 74% to $73.0 million compared to $42.0 million in Q1 2023.
• Total test reports delivered increased by 40% to 20,888 compared to 14,916 in Q1 2023.

World Acceptance Corporation reported a net income of $35.1 million, or $6.09 per diluted share, for the fourth quarter of fiscal 2024, compared to $24.6 million, or $4.20 per diluted share, for the same quarter of the prior year. Total revenues decreased slightly to $159.3 million. The company continued its focus on credit quality and conservative lending practices.

• Net income increased to $35.1 million.
• Diluted net income per share increased to $6.09.

Thryv reported a 24% year-over-year increase in SaaS revenue for Q1 2024. The company raised its full-year SaaS guidance and authorized a $40 million share repurchase program. They also refinanced their credit agreement for enhanced financial flexibility.

• SaaS revenue increased by 24% year-over-year.
• SaaS subscribers grew by 30% year-over-year.

OneSpan reported a strong first quarter with revenue up 13% year-over-year to $64.8 million and subscription revenue up 34% year-over-year. The company is increasing its Adjusted EBITDA guidance for the full year 2024.

• First quarter revenue grew 13% year-over-year to $64.8 million.
• First quarter subscription revenue grew 34% year-over-year to $40.0 million.

Gannett's first quarter results showed improvement in year-over-year revenue trends, with digital revenues increasing 8% and accounting for over 42% of total revenues. The company drove free cash flow growth and saw improved trends in Adjusted EBITDA.

• Total digital revenues increased 8% year-over-year, representing 42.1% of total revenues.
• Digital-only subscription revenues grew 21.3% year-over-year.

Arbutus Biopharma reported a net loss of $17.9 million for the first quarter of 2024, with total revenue of $1.5 million. The company's cash, cash equivalents, and investments totaled $137.9 million as of March 31, 2024, expected to fund operations through the second quarter of 2026.

• Continued progress in advancing pipeline of HBV assets, including imdusiran and AB-101.
• Initiated third Phase 2a trial combining imdusiran with an immune modulator.

Newpark Resources reported a 30% increase in net income to $7.3 million and an adjusted EBITDA increase of 1% to $21.3 million. The adjusted EBITDA margin improved by 210 basis points to 12.6%. However, total revenue decreased by $30.9 million to $169.1 million due to declines in both the Fluids Systems and Industrial Solutions segments.

• Net income increased 30% to $7.3 million, or $0.08 per diluted share.
• Adjusted EBITDA increased 1% to $21.3 million with a margin of 12.6%, up 210 basis points.

Marcus Corporation reported a decrease in total revenues to $138.5 million and an operating loss of $16.7 million for the first quarter of fiscal 2024. The results were impacted by the Hollywood labor strikes, which led to a weaker film slate for Marcus Theatres. Marcus Hotels & Resorts showed revenue growth, driven by group business.

• Total revenues decreased by 9.0% to $138.5 million compared to the first quarter of fiscal 2023.
• Operating loss was $16.7 million, compared to an operating loss of $9.0 million in the prior year quarter.

Kura Oncology reported a net loss of $49.5 million for the first quarter of 2024, compared to a net loss of $34.1 million for the same period in 2023. The company's cash, cash equivalents, and short-term investments totaled $527 million as of March 31, 2024, which is expected to fund operations into 2027.

• Ziftomenib received Breakthrough Therapy Designation for NPM1-mutant AML.
• Registration-directed trial of ziftomenib in NPM1-mutant AML is on track to complete enrollment by mid-2024.

Astronics Corporation reported a strong start to 2024, with first-quarter revenue up 18% to $185.1 million. The company achieved an operating income of $1.7 million and an adjusted EBITDA of $19.1 million, alongside record bookings of $205.3 million and a record backlog of $612.5 million.

• Sales grew 18% to $185.1 million in the first quarter.
• Operating income was $1.7 million, representing 0.9% of sales.

CTO Realty Growth reported a positive start to 2024 with strategic property acquisitions and dispositions, alongside strong leasing activity and increased guidance for Core FFO and AFFO.

• Net income per diluted share was $0.20.
• Core FFO per diluted share was $0.48.

Varex Imaging Corporation reported revenue of $206 million, which was in line with guidance but down 10% year-over-year, primarily due to lower sales in China. GAAP net earnings were $0.03 per diluted share, while non-GAAP net earnings were $0.16 per diluted share.

• Revenue was $206 million.
• GAAP gross margin was 32%, and non-GAAP gross margin was 33%.

1-800-FLOWERS.COM, Inc. reported a 9.1% decrease in total consolidated revenues to $379.4 million compared to the prior year period. The company's gross profit margin improved by 300 basis points to 36.6%. They initiated a workforce reduction expected to yield $10.0 million in annualized cost savings, incurring $2.4 million in severance charges during the quarter. Net loss for the quarter was $16.9 million, or $0.26 per share.

• Total consolidated revenues decreased 9.1% to $379.4 million.
• Gross profit margin increased 300 basis points to 36.6%.

nLIGHT reported Q1 2024 results with revenues of $44.5 million, within the guided range, and expects Q1 to be the trough revenue quarter. The company anticipates sequential revenue growth in Q2 and a stronger second half of the year, driven by the aerospace and defense business. They ended the quarter with $121 million in cash and no debt, enabling continued investment for long-term growth.

• Q1 revenues were $44.5 million, within guidance.
• Gross margin was 16.8% for the first quarter of 2024.

Clearfield reported a decrease in net sales by 48.6% to $36.9 million compared to the same quarter last year. The company experienced a net loss of $5.9 million, or ($0.40) per diluted share, contrasting with a net income of $10.4 million, or $0.67 per diluted share, in the year-ago quarter. Despite these challenges, backlog increased by 8.6% compared to the previous quarter, and the company repurchased $15.5 million in shares, increasing the buyback authorization to $65 million.

• Net sales decreased by 48.6% to $36.9 million compared to the same quarter last year.
• Order backlog increased by 8.6% to $47.2 million compared to December 31, 2023.

Shore Bancshares reported a net income of $8.2 million for Q1 2024, a decrease from $10.5 million in Q4 2023 and $6.5 million in Q1 2023. The results were impacted by a $4.3 million fraud-related expense. The company focused on active balance sheet management, resulting in stable net interest margins and income, and is implementing cost-saving measures through branch closures and office space rationalization.

• Net income for Q1 2024 was $8.2 million, or $0.25 per diluted share, compared to $10.5 million in Q4 2023 and $6.5 million in Q1 2023.
• A $4.3 million fraud-related expense was recognized due to fraudulent credit card account openings, decreasing EPS by $0.10.

Willdan Group reported an excellent first quarter with revenue, profitability, earnings, and cash flow above expectations. The company saw strength in both government and utility customers, plus strong software sales, with the rapid growth in electricity demand from artificial intelligence and data centers becoming a new catalyst in their market.

• Consolidated contract revenue increased by 19.4% to $122.5 million.
• Net revenue increased by 11.7% to $68.9 million.

ACCO Brands reported a decrease in net sales by 10.9% to $359 million, alongside a net loss of $6.3 million, or $(0.07) per share. However, the company improved its net operating cash flow by $51 million and generated a free cash flow of $26 million. The adjusted EPS was $0.03, in line with the company's outlook. The company's consolidated net leverage ratio improved to 3.5x.

• Net sales decreased by 10.9% to $359 million.
• Gross margin expanded by 120 basis points.

Ranpak Holdings Corp. reported a 5.0% increase in net revenue to $85.3 million for Q1 2024, driven by volume growth and automation. The company's constant currency Adjusted EBITDA rose by 33.8% to $20.2 million, with gross margin expansion of 400 bps to 37.9%.

• Packaging system placements increased 0.9% year over year to approximately 140,800 machines.
• Net revenue increased 5.0%, with a 4.4% increase adjusting for constant currency.

Arteris reported a solid start to 2024 with positive free cash flow in the first quarter, driven by robust licensing activity across all verticals including Enterprise Computing and Automotive deals. The company secured five major deals with top 30 global technology firms.

• Revenue of $12.9 million.
• Annual Contract Value (ACV) and trailing-twelve-months (TTM) variable royalties of $58.2 million, up 6% year-over-year.

Cerus Corporation announced financial results for the first quarter ended March 31, 2024, with a 13% increase in total revenue compared to the prior year quarter. Product revenue increased by 24%, driven by strong sales of the INTERCEPT Blood System for Platelets in North America. The company is reiterating its full-year 2024 annual product revenue guidance range of $172 million to $175 million.

• Total revenue increased by 13% compared to the prior year quarter.
• Product revenue increased by 24% compared to the prior year quarter.

Olympic Steel reported net income of $8.7 million, or $0.75 per diluted share, for the first quarter of 2024. Sales totaled $527 million. The company's strategy to diversify into higher-value manufactured products helped offset falling metal prices.

• Net income for the first quarter totaled $8.7 million, or $0.75 per diluted share.
• Sales for the first quarter of 2024 totaled $527 million.

Codexis reported a 32% increase in total revenue to $17.1 million for Q1 2024, driven by a 14% increase in product revenue and a significant order for its double-stranded RNA (dsRNA) ligase. The company is finalizing the enzymatic synthesis of a full-length oligonucleotide and expects to complete this by TIDES USA. Codexis reiterated its 2024 financial guidance and expects to fund its planned operations through positive cash flow, expected around the end of 2026.

• Total revenues increased by 32% to $17.1 million compared to Q1 2023.
• Product revenues increased by 14% to $9.6 million compared to Q1 2023.

El Pollo Loco Holdings, Inc. reported increased total revenue to $116.2 million and net income to $5.9 million for the first quarter ended March 27, 2024. System-wide comparable restaurant sales increased by 5.1%. The company is focused on strategic pillars for future growth.

• Total revenue increased to $116.2 million from $114.5 million.
• System-wide comparable restaurant sales increased by 5.1%.

Eventbrite's first quarter revenue reached $86.3 million, an 11% increase year-over-year. The company's consumer reach extended to over 27 million with a total ticket volume of 65.8 million. They also reported a net loss of $4.5 million and an adjusted EBITDA of $10.4 million.

• Net revenue increased by 11% year-over-year, reaching $86.3 million.
• Marketplace revenue from organizer fees and Eventbrite Ads exceeded 13% of total net revenue.

Lexicon Pharmaceuticals reported a net loss of $48.4 million, or $0.20 per share, for the first quarter of 2024. Revenues were $1.1 million, primarily from INPEFA. The company is advancing its pipeline, including a planned NDA resubmission for ZYNQUISTA and initiation of a Phase 3 study for sotagliflozin in HCM. They had $355.6 million in cash and investments as of March 31, 2024.

• INPEFA launch in heart failure continues to progress with net sales of $1.1 million, a 63% increase from the previous quarter.
• NDA resubmission for ZYNQUISTA as an adjunct to insulin in people with type 1 diabetes and CKD is expected mid-year 2024.

Asure reported Q1 2024 revenues of $31.7 million, a 4% decrease year-over-year, but saw a 10% increase in revenue excluding ERTC. Recurring revenue grew by 8% to $30.3 million. The company experienced a net loss of $0.3 million, and adjusted EBITDA was $6.8 million. Management reiterated the 2024 revenue guidance of $125.0 million - $129.0 million.

• Revenue decreased by 4% year-over-year to $31.7 million, but excluding ERTC revenue, it increased by 10%.
• Recurring revenue grew by 8% year-over-year to $30.3 million.

Ocwen Financial Corporation reported GAAP net income of $30 million for the first quarter of 2024, with an adjusted pre-tax income of $14 million. The company saw growth driven by the strength of its balanced business and operational performance in both servicing and originations segments. They reduced corporate debt by $47 million and are planning to rebrand to Onity Group.

• Reported strong results in Q1 2024 with growth in net income and adjusted pre-tax income quarter over quarter.
• Growth was driven by the strength of our balanced business and operational performance in both servicing and originations segments.

Rimini Street reported a slight increase in revenue for Q1 2024, with a modest rise in active clients. However, the company experienced a decrease in operating income and net income compared to the same period last year.

• Revenue increased by 1.2% year-over-year to $106.7 million.
• Active Clients increased by 1.1% year-over-year to 3,040.

OneWater Marine Inc. announced its fiscal second quarter 2024 results, with revenue decreasing by 7% to $488 million. The company reported a GAAP net loss of $(5) million, or $(0.27) per diluted share, but an adjusted diluted earnings per share of $0.67. Despite a competitive selling environment and moderating boat prices, margins are stabilizing, and finance & insurance penetration remains strong.

• Revenue decreased 7% to $488 million.
• Same-store sales decreased 5% for the quarter, with an average annual increase of 4% over the last two years.

Cardiff Oncology reported cash and equivalents of $67.2 million as of March 31, 2024, with a projected runway into Q3 2025. The company's net cash used in operating activities for the first quarter of 2024 was approximately $7.7 million. They also presented updated data at AACR Annual Meeting 2024 that supports ongoing first-line RAS-mutated mCRC clinical study.

• Presented updated data at AACR Annual Meeting 2024 supporting the ongoing first-line RAS-mutated mCRC clinical study.
• Announced first patient dosed for lead program in randomized first-line Phase 2 trial, CRDF-004, for patients with RAS-mutated mCRC.

Forum Energy Technologies reported a revenue of $202 million, a 9% sequential increase, and orders of $204 million with a book-to-bill ratio of 101%. The company experienced a net loss of $10 million, or $0.85 per diluted share, but adjusted EBITDA increased by 69% sequentially to $26 million. They reaffirms full year 2024 guidance: $100 to $120 million in EBITDA and $40 to $60 million in free cash flow.

• Revenue increased 9% sequentially to $202 million.
• Orders grew 28% sequentially to $204 million, resulting in a book-to-bill ratio of 101%.

Entravision Communications reported a 16% increase in net revenue to $277.445 million for the first quarter of 2024. However, the company experienced a net loss of $51.669 million, a significant decrease compared to the net income of $1.699 million in the same period last year. The company is impacted by Meta's decision to wind down its authorized sales partner program by July 1, 2024.

• Net revenue increased by 16% to $277.445 million.
• The company reported a net loss of $51.669 million, compared to a net income of $1.699 million in the previous year.

RE/MAX Holdings reported a decrease in revenue to $78.3 million and a net loss of $3.4 million for Q1 2024. Effective cost management led to solid margin performance. RE/MAX agents are the most productive in the U.S., outperforming competitors 2-to-1 for the 16th year.

• Total revenue was $78.3 million, a decrease of 8.3% compared to Q1 2023.
• Net loss attributable to RE/MAX Holdings was $3.4 million, compared to a net loss of $0.7 million in Q1 2023.

Clarus Corporation reported first quarter 2024 financial results, with sales at $69.3 million, a decrease compared to the same year-ago quarter. The Adventure segment saw a 27% increase in sales, while the Outdoor segment experienced a decline. The company reaffirmed its full-year guidance.

• Strategic initiatives are yielding incremental near-term benefits.
• Outdoor segment made progress on inventory reduction, with apparel inventory declining nearly 38% year-over-year.

Silvercrest Asset Management Group Inc. reported an increase in total AUM to $34.5 billion and revenue of $30.3 million for Q1 2024. However, net income and adjusted EBITDA decreased due to higher compensation expenses. The company's new business pipeline has more than doubled since Q4 2023, reaching $2.0 billion.

• Total AUM reached $34.5 billion, including $22.7 billion in discretionary AUM and $11.8 billion in non-discretionary AUM.
• Revenue increased to $30.3 million.

CoreCard reported first quarter revenue of $13.1 million, aligning with expectations. The company saw growth in processing and maintenance revenue, which was offset by lower professional services revenue. Net income was $0.4 million, with earnings per diluted share at $0.05.

• Total revenue for the quarter was $13.1 million, compared to $14.8 million in the same period last year.
• Income from operations was $0.5 million, down from $1.8 million in the prior year quarter.

The Joint Corp. reported a 5% increase in revenue to $29.7 million and operating income of $1.1 million. Net income was $947,000, compared to $2.3 million in the previous year, which included a $3.9 million employee retention credit. System-wide sales increased by 9% to $126.3 million, and system-wide comp sales grew by 3%.

• Revenue grew by 5% to $29.7 million.
• Operating income was $1.1 million, compared to an operating loss of $653,000.

DMC Global reported a 9% decrease in first-quarter sales compared to the previous year, with net income at $2.3 million. The results were impacted by market challenges in the Arcadia and DynaEnergetics segments, though NobelClad demonstrated strong performance. The company is continuing reviews of strategic alternatives for NobelClad and DynaEnergetics.

• First quarter sales decreased by 9% year-over-year to $166.9 million.
• Net income stood at $2.3 million, with adjusted net income attributable to DMC at $4.2 million.

Biomea Fusion reported a net loss of $39.1 million for the first quarter of 2024, with cash, cash equivalents, and restricted cash totaling $145.3 million. The company highlighted positive data from its Phase 1/2 study in type 2 diabetes and initial clinical data from its Phase 2 study in type 1 diabetes, and anticipates a reduction in operating expenses in the second half of the year.

• Reported positive data from Phase 1/2 study (COVALENT-111) in type 2 diabetes patients, displaying durable improved glycemic control while off therapy for 22 weeks.
• Announced initial clinical data from Phase 2 study (COVALENT-112) in type 1 diabetes, demonstrating early signs of clinical activity with improved measures of beta-cell function.

Magnachip reported Q1 2024 results with consolidated revenue of $49.1 million, within the guidance range. The company saw sequential growth in standard product business revenue and secured new design wins in OLED DDICs and automotive MOSFETs. They also began operations of their new China entity.

• Q1 consolidated revenue was $49.1 million, within guidance.
• Q1 standard product business revenue increased 10.6% sequentially.

Puma Biotechnology reported a net loss of $4.8 million for Q1 2024, compared to a net income of $1.4 million in Q1 2023. Product revenue decreased to $40.3 million from $46.8 million year-over-year. The company initiated a Phase II clinical trial of alisertib monotherapy for extensive stage small cell lung cancer.

• Net product revenue for Q1 2024 was $40.3 million, down from $46.8 million in Q1 2023.
• GAAP net loss was $4.8 million, or $0.10 per share, compared to a net income of $1.4 million, or $0.03 per share, in the prior year.

Universal Electronics reported a decrease in GAAP net sales to $91.9 million compared to $108.4 million in the same period last year. The company experienced a GAAP operating loss of $6.9 million, an improvement from the $59.5 million loss in the prior year, which included a significant non-cash charge for goodwill impairment. Despite the sales decline, gross margins increased significantly year-over-year, and the company repurchased approximately 95,000 shares for $0.8 million.

• GAAP net sales were $91.9 million, compared to $108.4 million.
• GAAP gross margins increased to 28.3% from 22.8% year-over-year.

Upland Software reported a decrease in total revenue and subscription revenue compared to Q1 2023. However, the company beat revenue and Adjusted EBITDA guidance midpoints. They drove innovation with 10 key AI initiatives and welcomed 21 new major customers.

• Total revenue was $70.7 million, down 8% year-over-year.
• Subscription and support revenue was $67.1 million, down 8% year-over-year.

Stem's first quarter 2024 results showed a revenue decrease to $25.5 million due to a $33 million non-cash adjustment, but the company achieved a record non-GAAP gross margin and improved adjusted EBITDA year-over-year. They are accelerating the conversion of CARR-to-ARR and reaffirming full-year guidance for adjusted EBITDA and operating cash flow.

• Revenue decreased to $25.5 million, impacted by a $33 million reduction due to updated contract guarantee valuations.
• Non-GAAP gross margin increased to 24% from 19% in Q1 2023.

WW International reported Q1 2024 revenues of $206.5 million. The company's end-of-period subscribers remained steady at 4.0 million, including 91,000 clinical subscribers. The company experienced an operating loss of $269.3 million, primarily due to non-cash intangible impairment charges, but adjusted operating loss was $5.6 million excluding these charges and restructuring costs.

• End of period subscribers totaled 4.0 million, which included 91,000 clinical subscribers.
• Revenues reached $206.5 million.

TPI Composites reported a decrease in net sales for the first quarter of 2024 to $299.1 million, compared to $404.1 million in the same period in 2023. The net loss from continuing operations was $61.8 million, compared to a loss of $30.3 million in the same period in 2023. Adjusted EBITDA was a loss of $23.0 million, compared to an adjusted EBITDA of $8.4 million during the same period in 2023.

• Sales and adjusted EBITDA were impacted by the timing of production line startups and transitions.
• The company is partnering with customers to align factories to support their next generation blade models.

Modivcare reported first quarter 2024 results in line with previously announced guidance, with revenue increasing by 3.3% year-over-year. The company is focused on strategic transformation, cost savings initiatives, and refinancing its 2025 senior unsecured notes.

• Service revenue increased by 3.3% year-over-year to $684.5 million.
• Net loss was $22.3 million, or $1.57 per diluted common share.

GSI Technology reported a net loss of $4.3 million on net revenues of $5.2 million for the fourth quarter of fiscal 2024. The company is undergoing a strategic review to maximize stockholder value, exploring options such as financing, asset divestiture, or a potential sale of the company.

• Launched two high-capacity, low-power servers integrated with the High-performance Gemini-I APU.
• Progress made in testing and debugging Gemini-II, with a second spin planned for Q3 fiscal 2025.

Gold Resource Corporation reported a net loss of $4.0 million, or $0.05 per share, for the first quarter of 2024. The company produced and sold 3,557 ounces of gold and 216,535 ounces of silver. The company had a cash balance of $5.7 million with no debt and working capital of $13.6 million at the end of the quarter.

• Produced and sold 3,557 ounces of gold and 216,535 ounces of silver.
• Produced and sold 1,682 tonnes of zinc, 264 tonnes of copper, and 667 tonnes of lead.

NextCure reported a net loss of $17.1 million for the first quarter of 2024, with cash, cash equivalents, and marketable securities totaling $96.0 million. The company expects these financial resources to fund operations into the second half of 2026.

• Phase 1b data for NC410 in combination with pembrolizumab will be presented at ASCO in June.
• Preclinical data from LNCB74 (B7-H4 ADC) was presented at AACR.

Oxford Square Capital Corp. announced its financial results for the quarter ended March 31, 2024. The company will hold a conference call to discuss the first quarter results on May 2, 2024.

• Financial results for the quarter ended March 31, 2024, were announced.
• A conference call to discuss the first quarter results was scheduled for May 2, 2024.

Fidus Investment Corporation reported a total investment income of $34.7 million and a net investment income of $17.6 million, or $0.57 per share, for the first quarter of 2024. The company invested $145.9 million in debt and equity securities and received $60.2 million from repayments and realizations.

• Total investment income of $34.7 million
• Net investment income of $17.6 million, or $0.57 per share

OFS Capital Corporation announced its financial results for the fiscal quarter ended March 31, 2024. Net investment income increased to $0.42 per common share. The investment portfolio’s weighted-average performing income yield decreased to 13.0% from 14.1% during the prior quarter.

• Net investment income increased to $0.42 per common share for the quarter ended March 31, 2024 from $0.35 per common share for the quarter ended December 31, 2023.
• Net loss on investments of $1.09 per common share for the quarter ended March 31, 2024, primarily comprised of net unrealized depreciation of $1.15 per common share.