Reports

Meta reported a strong quarter with a 22% increase in revenue year-over-year, reaching $39.07 billion. Net income increased by 73% to $13.465 billion, and diluted EPS also increased by 73% to $5.16. The company continues to invest in AI and Reality Labs while driving growth across its apps.

• Revenue increased by 22% year-over-year to $39.07 billion.
• Net income increased by 73% year-over-year to $13.465 billion.

Mastercard reported a strong second quarter in 2024, with a net revenue increase of 11% to $7.0 billion and a diluted EPS of $3.50. The company's performance was driven by healthy consumer spending, robust cross-border volume growth, and strong demand for value-added services and solutions.

• Net revenue increased by 11%, or 13% on a currency-neutral basis, reaching $7.0 billion.
• Diluted earnings per share (EPS) grew by 17% to $3.50.

Qualcomm announced its Q3 Fiscal Year 2024 results, with revenues of $9.4 billion. GAAP EPS was $1.88, and Non-GAAP EPS was $2.33. QCT Automotive revenues grew by 87% year-over-year.

• QCT quarterly revenues and EBT margins were at the high end of guidance.
• Snapdragon X Series solutions for PCs were launched, delivering leading performance and personalized AI experiences.

KKR reported a strong quarter with record Fee Related Earnings. The company raised $32 billion of new capital, bringing Assets Under Management to over $600 billion. KKR deployed $23 billion during the quarter, an increase from $10 billion in the previous year. Momentum across the firm remains high, and KKR is confident in its team, model, and growth prospects.

• Fee Related Earnings (FRE) were $755 million ($0.84/adj. share), up 25% year-over-year.
• Total Operating Earnings (TOE) were $1.0 billion ($1.17/adj. share), up 36% year-over-year.

Boeing recorded second quarter revenue of $16.9 billion, a GAAP loss per share of ($2.33), and a core loss per share (non-GAAP) of ($2.90). The company's operating cash flow was ($3.9) billion, and its free cash flow was ($4.3) billion (non-GAAP). Results primarily reflect lower commercial delivery volume and losses on fixed-price defense development programs.

• Submitted comprehensive safety and quality plan to the Federal Aviation Administration.
• Announced agreement to acquire Spirit AeroSystems in July; transaction expected to close mid-2025.

ADP reported a 6% increase in revenue to $4.8 billion and an 8% increase in diluted EPS to $2.02 for the fourth quarter. Adjusted diluted EPS increased 11% to $2.09. The company's Employer Services segment saw revenue growth of 7%, while PEO Services revenue increased by 6%.

• Revenues increased 6% to $4.8 billion.
• Net earnings increased 7% to $829 million.

Lam Research reported revenue of $3.87 billion and GAAP EPS of $7.78 for the quarter ended June 30, 2024. The results exceeded the midpoint of their guidance, driven by solid execution and growth in the customer support business group. The company is making strategic investments in R&D and operations to position itself for a multi-year period of strong wafer fab equipment spending.

• Revenue reached $3.87 billion.
• GAAP gross margin was 47.5%, with GAAP EPS at $7.78.

Altria's Q2 2024 results showed resilience in traditional tobacco businesses despite a challenging environment. Innovative smoke-free products, particularly NJOY, demonstrated strong share and volume growth. The company narrowed its full-year adjusted diluted EPS guidance to a range of $5.07 to $5.15, representing a 2.5% to 4.0% growth rate from 2023.

• NJOY consumables shipment volume increased 14.7% sequentially to 12.5 million units.
• NJOY devices shipment volume increased 80.0% sequentially to 1.8 million units.

Trane Technologies reported a strong second quarter with a 13% increase in revenue to $5.3 billion and a 23% increase in adjusted EPS to $3.30. The company has raised its full-year revenue and adjusted EPS guidance.

• Delivered strong revenue, operating income, EBITDA and EPS growth.
• Strong bookings of $5.3 billion, up 19 percent.

Marriott International reported strong second-quarter results, with a 4.9 percent increase in worldwide RevPAR and a 6 percent increase in net rooms year over year. The company's adjusted EBITDA reached $1,324 million, and it returned $2.8 billion to shareholders year-to-date through July 29.

• Worldwide RevPAR increased by 4.9 percent, with international markets leading the growth.
• Adjusted EBITDA totaled $1,324 million, reflecting a strong performance in the second quarter.

MetLife reported a strong second quarter in 2024, with net income of $912 million and adjusted earnings of $1.6 billion. The company's performance was driven by its Group Benefits franchise and diversification across its businesses.

• Net income was $912 million, or $1.28 per share, compared to $370 million, or $0.48 per share, in Q2 2023.
• Adjusted earnings reached $1.6 billion, or $2.28 per share, up from $1.5 billion, or $1.94 per share, in the prior year.

Aflac Incorporated reported a total revenue of $5.1 billion and net earnings of $1.8 billion, or $3.10 per diluted share, for the second quarter of 2024. Adjusted earnings were $1.0 billion, or $1.83 per diluted share, representing an 8.5% increase. The company declared a third quarter dividend of $0.50 per share and repurchased $800 million of its common shares.

• Total revenues reached $5.1 billion, slightly lower than the $5.2 billion reported in Q2 2023.
• Net earnings increased to $1.8 billion, or $3.10 per diluted share, compared to $1.6 billion, or $2.71 per diluted share, year-over-year.

Allstate reported strong Q2 2024 results with revenues growing by 12% to $15.7 billion, driven by increased insurance premiums and higher investment income. Net income applicable to common shareholders was $301 million, with an adjusted net income of $1.61 per diluted common share. The Property-Liability profit improvement plan progressed, resulting in an underlying combined ratio of 85.3.

• Total revenues increased by 12% year-over-year to $15.7 billion, driven by higher Property-Liability earned premiums and increased investment income.
• Net income applicable to common shareholders was $301 million, a significant improvement compared to a net loss of $1.4 billion in the prior year quarter.

Johnson Controls' Q3 results exceeded expectations with robust margin expansion, strong free cash flow generation, and continued Service demand. The company increased its backlog to record levels and tightened its full year adjusted EPS guidance. Divestitures of R&LC HVAC and Air Distribution Technologies businesses marked a pivotal milestone.

• Q3 reported sales increased 1% and 3% organically.
• Q3 GAAP EPS of $1.45; Q3 Adjusted EPS of $1.14.

Cencora reported a strong third quarter in fiscal year 2024, with revenue reaching $74.2 billion, a 10.9% increase year-over-year. Adjusted diluted EPS increased by 14.4% to $3.34. The company has raised its fiscal year 2024 adjusted diluted EPS guidance to a range of $13.55 to $13.65.

• Revenue increased by 10.9% year-over-year to $74.2 billion.
• GAAP diluted EPS was $2.42, compared to $2.35 in the prior year.

AIG reported an outstanding second quarter with terrific underwriting results. The deconsolidation of Corebridge was completed. Adjusted after-tax income per diluted share was $1.16, a 9% increase year-over-year, or 38% on a comparable basis.

• General Insurance net premiums written (NPW) of $6.9 billion, an increase of 7% on a comparable basis, led by North America Commercial with 10% growth.
• Produced record Commercial Lines new business of $1.3 billion, an increase of 18% year-over-year coupled with continued strong retention globally.

FICO reported a revenue of $447.8 million for the third quarter of fiscal year 2024, compared to $398.7 million in the prior year period. GAAP earnings per share was $5.05, while non-GAAP EPS reached $6.25. The company is raising its full year guidance.

• FICO reported revenues of $447.8 million, a rise from $398.7 million in the prior year period.
• GAAP net income was $126.3 million, or $5.05 per share, compared to $128.8 million, or $5.08 per share, in the prior year period.

Corteva reported a 1% increase in net sales for the second quarter of 2024, with organic sales up by 2%. The Seed business showed strength, while the Crop Protection segment faced challenges due to destocking and competitive pressures. The company has updated its full-year guidance to reflect current market dynamics.

• Net sales increased by 1% compared to the same period last year.
• Organic sales increased by 2% due to Crop Protection growth offsetting lower Seed volumes.

Garmin announced strong Q2 2024 results with a 14% increase in consolidated revenue to $1.51 billion and a 20% increase in operating income to $342 million. The company's performance exceeded expectations, leading to an upward revision of the full-year revenue and EPS guidance.

• Consolidated revenue increased by 14% year-over-year, reaching $1.51 billion.
• Gross margin was 57.3% and operating margin was 22.7%.

GE HealthCare's Q2 2024 results showed flat revenues year-over-year but a 1% increase on an organic basis. Net income margin and adjusted EBIT margin both improved. The company updated its full-year guidance for organic revenue growth and adjusted EBIT margin.

• Revenues were flat year-over-year; Organic revenue growth was 1%.
• Net income margin was 8.9% versus 8.7% for the prior year; Adjusted EBIT margin was 15.3% versus 14.8%.

Verisk reported a 6.2% increase in consolidated revenues, reaching $717 million. Income from continuing operations rose by 50.7% to $308 million, and diluted EPS increased by 52.5% to $2.15. The company's free cash flow was $154 million, up 14.3% from the previous year.

• Consolidated revenues increased by 6.2% to $717 million, with a 6.0% increase on an organic constant currency basis.
• Income from continuing operations increased by 50.7% to $308 million.

Cognizant reported Q2 2024 revenue of $4.85 billion, above the high end of their guidance range, with a GAAP EPS of $1.14 and an adjusted EPS of $1.17. The company's operating margin was 14.6%, and adjusted operating margin was 15.2%.

• Revenue of $4.9 billion, above the high end of our guidance range; sequentially increased 1.9%, or 2.1% in constant currency
• Operating margin of 14.6%, up from 11.8% in the second quarter of 2023, and Adjusted Operating Margin of 15.2%, which expanded 100 basis points year-over-year

Ingersoll Rand reported strong Q2 2024 results, with revenue up 7% to $1.805 billion and adjusted EPS at $0.83. The company is raising full-year guidance for revenue, Adjusted EBITDA, and Adjusted EPS based on this performance and expectations for continued strength.

• Second quarter orders increased by 4% to $1,799 million.
• Reported revenue increased by 7% to $1,805 million.

Kraft Heinz reported a decrease in net sales by 3.6% and organic net sales by 2.4%. However, the company saw an increase in gross profit margin by 180 basis points and adjusted operating income by 2.0%. Diluted EPS decreased significantly, while adjusted EPS saw a slight decrease.

• Net sales decreased by 3.6%, with organic net sales down by 2.4%.
• Gross profit margin increased by 180 basis points to 35.4%.

Humana reported a solid second quarter with a GAAP EPS of $5.62 and an adjusted EPS of $6.96. The company has revised its full-year GAAP EPS guidance to approximately $12.81 while affirming its Adjusted EPS guidance of approximately $16.00. Humana is raising its 2024 individual Medicare Advantage annual membership growth to approximately 225,000, or 4.2 percent.

• Reported 2Q24 EPS of $5.62 on a GAAP basis, and Adjusted EPS of $6.96.
• Revised FY 2024 EPS guidance to approximately $12.81 on a GAAP basis, while affirming Adjusted EPS of approximately $16.00.

VICI Properties Inc. reported a strong second quarter with a 6.6% increase in total revenues to $957.0 million and a 7.3% increase in net income attributable to common stockholders to $741.3 million, or $0.71 per share. The company also announced significant capital investments and raised its AFFO guidance for the full year 2024.

• Total revenues increased 6.6% year-over-year to $957.0 million.
• Net income attributable to common stockholders increased 7.3% year-over-year to $741.3 million, or $0.71 per share.

DuPont reported Q2 2024 net sales of $3.2 billion, a 2% increase year-over-year. The company's adjusted EPS was $0.97, up 14% from the previous year. DuPont is raising its full year 2024 guidance for net sales, operating EBITDA and adjusted EPS.

• Net sales increased by 2% to $3.2 billion, with organic sales flat compared to the prior year.
• GAAP EPS from continuing operations was $0.40, while adjusted EPS reached $0.97.

eBay reported Q2 2024 results with a revenue of $2.6 billion, up 1% year-over-year, and a GMV of $18.4 billion, up 1% year-over-year. GAAP EPS was $0.45, and Non-GAAP EPS was $1.18. The company returned $1.1 billion to stockholders, including $1.0 billion in share repurchases and $135 million in cash dividends.

• Revenue reached $2.6 billion, showing a 1% increase year-over-year (2% on an FX-Neutral basis).
• Gross Merchandise Volume (GMV) amounted to $18.4 billion, up 1% year-over-year on both as-reported and FX-Neutral bases.

WEC Energy Group reported a decrease in net income for the second quarter of 2024, with earnings per share also declining. Consolidated revenues also decreased compared to the first half of 2023. However, the company reaffirmed its 2024 earnings guidance.

• Net income for Q2 2024 was $211.3 million, or 67 cents per share, down from $289.7 million, or 92 cents per share, in Q2 2023.
• For the first six months of 2024, net income was $833.6 million, or $2.64 per share, up from $797.2 million, or $2.52 per share, in the corresponding period a year ago.

AvalonBay Communities, Inc. announced its Q2 2024 results, demonstrating growth in FFO per share and Core FFO per share compared to the previous year. The company also completed the development of three communities and started construction on three new apartment communities. The full year 2024 outlook was raised.

• EPS for Q2 2024 was reported at $1.78, a decrease from $2.59 in Q2 2023.
• FFO per share for Q2 2024 increased to $2.75, compared to $2.67 in Q2 2023.

Carvana's Q2 2024 was a landmark quarter, marked by substantial unit growth and record profitability. The company achieved industry-leading Adjusted EBITDA margins and generated $48 million in net income and $355 million in Adjusted EBITDA. Carvana sold over 100,000 cars, solidifying its position as the second-largest used automotive retailer with 1% market share.

• Retail units sold increased by 33% year-over-year, totaling 101,440 units.
• Revenue increased by 15% year-over-year, reaching $3.410 billion.

ANSYS announced Q2 2024 financial results, with revenue reaching $594.1 million, a 20% increase compared to Q2 2023. The company reported GAAP diluted earnings per share of $1.48 and non-GAAP diluted earnings per share of $2.50. ACV grew by 7% to $520.5 million.

• Revenue for Q2 2024 reached $594.1 million, reflecting a 20% increase year-over-year.
• GAAP diluted earnings per share stood at $1.48, while non-GAAP diluted earnings per share was $2.50.

CDW Corporation reported a decrease in net sales by 3.6% to $5,423.4 million. Despite the revenue decline, the company saw an increase in operating income by 5.1% to $433.1 million and net income by 7.0% to $281.1 million. EPS increased to $2.07 from $1.92 year over year.

• Net sales decreased by 3.6% year-over-year, totaling $5,423.4 million.
• Gross profit remained relatively consistent at $1,183.1 million, with gross profit margin increasing to 21.8%.

American Water reported second quarter earnings of $1.42 per share, compared to $1.44 per share in 2023. The company narrowed its 2024 earnings per share guidance range to $5.25 to $5.30 and affirmed its long-term financial targets.

• Second quarter 2024 earnings were $1.42 per share, compared to $1.44 per share in 2023; year-to-date 2024 earnings were $2.37 per share, compared to $2.37 per share in 2023. Comparative results reflect a net unfavorable weather impact of an estimated $0.04 per share.
• 2024 earnings per share guidance range is narrowed to $5.25 to $5.30 from $5.20 to $5.30, on a weather-normalized basis, including the estimated $0.10 per share of increased interest income. Long-term targets affirmed.

Teva's Q2 2024 revenues reached $4.2 billion, a 7% increase in U.S. dollars or 11% in local currency, driven by generics and innovative businesses. AUSTEDO grew 32% in the U.S. The company is raising its financial guidance for 2024.

• Global revenues increased by 7% to $4.2 billion, or 11% in local currency.
• AUSTEDO revenues in the U.S. increased by 32%.

Waters Corporation reported Q2 2024 sales of $709 million, a 4% decrease compared to Q2 2023. GAAP EPS was $2.40, while non-GAAP EPS was $2.63. The company's performance exceeded guidance due to better-than-expected results in China and contributions from the Wyatt acquisition. Waters expects to return to growth in the second half of the year.

• Sales of $709 million exceeded guidance, but declined 4% as reported and in organic constant currency.
• GAAP EPS was $2.40, while non-GAAP EPS was $2.63, surpassing guidance due to strong operational performance.

PTC reported solid ARR and cash flow for Q3 2024, with year-over-year ARR growth in the low double-digits and cash flow growth above 20%. The company is guiding to 11-12% constant currency ARR growth and maintaining free cash flow guidance for FY'24.

• ARR as reported grew by 10% to $2,126 million.
• Constant currency ARR grew by 12% to $2,125 million.

Western Digital reported a strong Q4 2024 with revenue reaching $3.76 billion, a 9% increase sequentially. GAAP EPS was $0.88 and Non-GAAP EPS was $1.44. The company is benefiting from a broad recovery across end markets and structural improvements in Flash and HDD profitability.

• Revenue increased to $3.76 billion, up 9% sequentially.
• GAAP EPS reached $0.88, and Non-GAAP EPS was $1.44.

Eversource Energy reported GAAP earnings of $335.3 million, or $0.95 per share, for the second quarter of 2024, compared with earnings of $15.4 million, or $0.04 per share, for the second quarter of 2023. The company reaffirms its 2024 non-GAAP earnings projection of between $4.50 per share and $4.67 per share.

• Eversource delivered solid financial results for the second quarter.
• The company experienced top-tier service reliability and storm response for customers.

Corebridge Financial reported a net income of $365 million, or $0.59 per share, and an adjusted after-tax operating income of $692 million, or $1.13 per share. Premiums and deposits reached $11.7 billion, the highest in over a decade. The company returned $575 million to shareholders through dividends and share repurchases.

• Net income was $365 million, or $0.59 per share.
• Adjusted after-tax operating income was $692 million, with operating EPS of $1.13.

MAA reported second quarter 2024 results exceeding expectations, with new supply being absorbed steadily and strong demand for apartment housing. The company's diversified portfolio and operating platform contributed to higher performance and lower volatility.

• Same Store Portfolio revenue grew by 0.7% with Average Effective Rent per Unit up 0.5%.
• Same Store Portfolio property operating expense increased by 3.7% and NOI decreased by 1.0%.

IDEX Corporation reported a 5% decrease in sales to $807 million, with a 4% organic decline. Reported diluted EPS increased by 2% to $1.86, while adjusted diluted EPS decreased by 6% to $2.06. The company's performance exceeded expectations despite macroeconomic headwinds, with margin expansion achieved through strong execution.

• Sales decreased by 5% overall and 4% organically, totaling $807 million.
• Reported diluted EPS increased by 2% to $1.86, while adjusted diluted EPS decreased by 6% to $2.06, exceeding expectations.

Sun Communities reported a net income per diluted share of $0.42 and Core FFO per Share of $1.86 for the second quarter of 2024. North America Same Property NOI increased by 3.6%, and the company has reiterated its full-year Core FFO per Share guidance of $7.06 - $7.22.

• Net income per diluted share was $0.42 for the quarter.
• Core FFO per Share was $1.86 for the quarter.

United Therapeutics reported a 20% year-over-year increase in total revenues, reaching $714.9 million in the second quarter of 2024, compared to $596.5 million in the second quarter of 2023. The growth was primarily driven by Tyvaso, Remodulin, Orenitram and Unituxin.

• Total revenues grew by 20% year-over-year to $714.9 million.
• Net income increased by 7% to $278.1 million.

Entegris reported net sales of $813 million for Q2 2024, a 5% increase sequentially. GAAP diluted EPS was $0.45, and non-GAAP diluted EPS was $0.71. The company expects a gradual recovery in the semiconductor market in the second half of the year and anticipates strong growth acceleration into 2025.

• Net sales (as reported) of $813 million, decreased 10% from prior year and increased 5% sequentially.
• Adjusted net sales (excluding the impact of divestitures) increased 6% from prior year and 10% sequentially.

Clean Harbors announced strong second-quarter results with an 11% increase in revenue to $1.55 billion and a 15% increase in net income to $133.3 million, or $2.46 per diluted share. Adjusted EBITDA grew by 14% to $327.8 million. The Environmental Services segment and Safety-Kleen Sustainability Solutions contributed significantly to the company's performance.

• Revenue increased by 11% to $1.55 billion, driven by Environmental Services.
• Net income grew by 15% to $133.3 million, with EPS of $2.46.

Host Hotels & Resorts, Inc. announced its second-quarter results for 2024, featuring a 0.5% increase in comparable hotel Total RevPAR and a 13.1% rise in net income compared to Q2 2023. The company completed acquisitions of 1 Hotel Central Park and anticipated closing on The Ritz-Carlton O’ahu, Turtle Bay, while also managing the ongoing impacts of the Maui wildfires.

• Comparable hotel Total RevPAR increased by 0.5% compared to Q2 2023, driven by group business and food & beverage revenues.
• Net income rose by 13.1% to $242 million, with operating profit margin improving to 19.9%.

Paycom reported a 9% increase in revenue for Q2 2024, reaching $438 million. GAAP net income was $68 million, and adjusted EBITDA was $160 million. The company's outside sales team delivered solid performance with robust new logo additions.

• Total revenues increased by 9.1% to $437.5 million compared to the same period last year.
• Recurring revenues grew by 9.1% to $430.4 million, constituting 98.4% of total revenues.

Service Corporation International (SCI) reported its second quarter 2024 financial results, with revenue growth of $20.6 million compared to the second quarter of 2023. Adjusted earnings per share were reported as $0.79. The company experienced a decline in funeral services performed during the latter part of the quarter, which impacted their quarterly performance. However, they generated strong cash flow from operations, which allowed them to reinvest and grow their business, as well as return capital to shareholders through share repurchases and dividends.

• Revenue grew by $20.6 million compared to the second quarter of 2023.
• Earnings per share was $0.81, compared to $0.86 in the second quarter of 2023.

Norwegian Cruise Line Holdings reported strong second-quarter 2024 financial results, with revenue up approximately 8% over the prior year to record levels. The company exceeded its Q2 guidance and raised its full-year guidance for the third time. Occupancy was 105.9% for the second quarter of 2024.

• Adjusted EPS is expected to grow approximately 120% compared to 2023.
• Occupancy was 105.9% for the second quarter of 2024, slightly above guidance.

Coca-Cola Consolidated reported a 3% increase in net sales and a 7% increase in gross profit for the second quarter of 2024. The company's focus on margin management and operating efficiency led to higher profitability. They also repurchased a significant amount of common shares.

• Net sales increased by 3% compared to the second quarter of 2023.
• Gross profit increased by 7% compared to the second quarter of 2023, with gross margin improving by 130 basis points to 39.9%.

Dayforce reported a 16% increase in total revenue, reaching $423.3 million, and a 20% increase in Dayforce recurring revenue, amounting to $321.6 million. The company's operating profit was $14.1 million, with a net loss of $1.8 million, but an adjusted net income of $76.2 million. The company announced a $500 million share repurchase program and the date for its first Investor Day.

• Total revenue increased by 16% to $423.3 million.
• Dayforce recurring revenue grew by 20% to $321.6 million.

Lincoln Electric reported a decrease in net sales by 3.7% to $1,022 million, reflecting a 4.4% decrease in organic sales and a 1.2% benefit from acquisitions. The company's operating income margin was 14.6%, with an adjusted operating income margin of 17.4%. EPS was reported at $1.77, with an adjusted EPS of $2.34. Cash flows from operations amounted to $171 million.

• Net sales reached $1,022 million.
• Operating income margin was 14.6%, with adjusted operating income margin at 17.4%.

Aurora made commercial progress in Q2 2024, securing another launch customer and contracting a meaningful portion of its expected 2025 capacity. The company is focused on its planned commercial launch at the end of the year and believes it is well-positioned in the self-driving industry due to its responsible technology approach, robust safety culture, Driver as a Service business model, and financial discipline.

• Announced another launch customer and contracted a meaningful portion of expected 2025 capacity.
• Advanced Verifiable AI approach for a practical, verifiable, and commercially scalable solution.

Pilgrim's Pride reported strong Q2 2024 results with $4.6 billion in net sales and operating income of $440.8 million. The company saw growth across its U.S., Europe, and Mexico segments, driven by enhanced market conditions, operational excellence, and strategic partnerships.

• Net Sales reached $4.6 billion.
• Consolidated GAAP operating income margin was 9.7%.

Penske Automotive Group reported a 3% increase in revenue to $7.7 billion for Q2 2024, marking a quarterly record. The company's performance was driven by strong retail automotive and commercial truck businesses, with retail automotive service and parts revenue reaching a record $753 million, up 10%. Despite the revenue increase, net income attributable to common stockholders decreased to $241.2 million, and earnings per share decreased to $3.61.

• Revenue increased 3% year-over-year to $7.7 billion, a quarterly record.
• Retail automotive service and parts revenue increased 10% to a record $753 million.

Albemarle Corporation reported a net sales of $1.4 billion, a net loss of $188 million, and an adjusted EPS of $0.04. The company delivered over $150 million in productivity benefits and is on track to exceed its full-year restructuring and productivity target by 50%.

• Net sales reached $1.4 billion, offset by Energy Storage volume growth of 37% due to new capacity.
• Net loss was ($188) million, including a $215 million after-tax charge for capital project asset write-offs.

Exact Sciences Corp. announced strong second-quarter results, with a 12% increase in total revenue to $699 million. The company screened over 1 million people with Cologuard for the first time in a quarter and advanced its pipeline. Full-year revenue guidance was maintained, and adjusted EBITDA guidance was raised.

• Total second quarter revenue was $699 million, a 12% increase year-over-year.
• Screening revenue reached $532 million, a 15% increase year-over-year.

MGM Resorts International reported record second-quarter consolidated net revenues of $4.3 billion. MGM China Adjusted Property EBITDAR reached a record $294 million, a 40% year-over-year increase. The company's net income attributable to MGM Resorts was $187 million, and consolidated Adjusted EBITDAR was $1.2 billion.

• MGM Resorts achieved record 2Q consolidated net revenues of $4.3 billion.
• MGM China's Adjusted Property EBITDAR reached a record $294 million, increasing 40% year-over-year.

Murphy USA reported a net income of $144.8 million, or $6.92 per diluted share, for Q2 2024, compared to $132.8 million, or $6.02 per diluted share, in Q2 2023. The company experienced increased total fuel contribution and merchandise contribution, offset by higher store operating expenses. The company is revising its full-year merchandise margin guidance.

• Net income increased to $144.8 million, or $6.92 per diluted share, compared to $132.8 million, or $6.02 per diluted share in the prior year.
• Total fuel contribution rose to 31.7 cpg, up from 29.5 cpg in the same quarter last year.

Confluent's Q2 2024 financial results showed a solid performance with 40% year-over-year revenue growth for Confluent Cloud and the largest sequential increase in total customer count in two years. The company delivered solid subscription revenue growth and substantial operating margin and free cash flow expansions.

• Subscription revenue was $225 million, up 27% year-over-year.
• Confluent Cloud revenue was $117 million, up 40% year-over-year.

Generac Holdings Inc. reported net sales of $998 million, with residential product sales up 8% and commercial & industrial product sales down 10%. Net income was $59 million, or $0.97 per share, while adjusted net income was $82 million, or $1.35 per share. The company updated its full-year 2024 net sales growth guidance to 4 to 8% and adjusted EBITDA margin to 17.0 to 18.0%.

• Net sales were $998 million, slightly down from $1.00 billion in the prior-year quarter.
• Residential product sales increased by approximately 8% to $538 million.

Kyndryl's Q1 2025 results showed a revenue of $3.74 billion and a net income of $11 million. The company experienced growth in Kyndryl Consult and hyperscaler-related revenues. They are on track to deliver top-line growth in the fourth quarter of this fiscal year.

• Revenues for the quarter totaled $3.74 billion, with a pretax income of $64 million and a net income of $11 million.
• Adjusted EBITDA was $556 million, adjusted pretax income was $92 million, and adjusted net income was $31 million.

Glaukos Corporation reported record net sales of $95.7 million in Q2 2024, a 19% increase year-over-year. The company raised its 2024 net sales guidance to $370 million to $376 million.

• Record net sales of $95.7 million in Q2 2024 increased 19% year-over-year on a reported basis and 20% year-over-year on a constant currency basis.
• Glaucoma record net sales of $75.9 million in Q2 2024 increased 23% year-over-year.

APA Corporation reported a strong second quarter in 2024, marked by higher-than-expected production across all operating areas and significant progress in integrating Callon assets. The company's net income attributable to common stock was $541 million, or $1.46 per diluted share, with adjusted earnings at $434 million, or $1.17 per diluted share. APA is raising its outlook for the back half of the year after adjusting for asset sales and expects a meaningful increase in free cash flow.

• Reported production of 473,000 BOE per day; adjusted production was 405,000 BOE per day, excluding Egypt noncontrolling interest and tax barrels.
• U.S. oil production exceeded second-quarter guidance, leading to raised full-year guidance.

Wingstop Inc. reported a strong fiscal second quarter 2024, with a 45.2% increase in system-wide sales, a 28.7% increase in domestic same store sales, and 73 net new restaurant openings. Total revenue increased by 45.3% to $155.7 million, and net income increased by 69.9% to $27.5 million.

• System-wide sales increased by 45.2% to $1.2 billion.
• Domestic same store sales increased by 28.7%, driven primarily by transaction growth.

Antero Midstream reported Q2 2024 revenues of $270 million and net income of $86 million, or $0.18 per diluted share. The company closed on a strategic bolt-on acquisition and increased Free Cash Flow after dividends by 41% year-over-year. They also improved their balance sheet by refinancing senior notes and extending the credit facility to 2029.

• Revenues were $270 million.
• Net Income was $86 million, or $0.18 per diluted share.

Jazz Pharmaceuticals announced strong Q2 2024 results with total revenues of over $1 billion, driven by Xywav, Epidiolex and Rylaze. The company is narrowing its 2024 total revenue guidance to $4.0 to $4.1 billion and affirming GAAP and non-GAAP adjusted net income guidance.

• Xywav net product sales grew 13% year-over-year.
• Epidiolex/Epidyolex net product sales grew 22% year-over-year.

AutoNation reported Q2 2024 revenue of $6.5 billion, with EPS at $3.20 and adjusted EPS at $3.99. The company's results were significantly impacted by a cyber incident at CDK Global, which reduced EPS by an estimated $1.55, including $0.79 of one-time costs. Despite the outage, margin performance in After-Sales and vehicle margins were encouraging.

• Q2 2024 EPS was $3.20, with adjusted EPS at $3.99.
• After-Sales gross profit margin improved by 60 basis points from Q2 2023, reaching 48.0%.

BorgWarner's Q2 2024 results showed an adjusted operating margin of 10.4% and free cash flow of $297 million. The company increased its full-year adjusted operating margin guidance by 30 basis points and adjusted earnings per share guidance by approximately $0.07 per share. Net sales were $3,603 million, a decrease of 2% compared to Q2 2023.

• Achieved an adjusted operating margin of 10.4% and a U.S. GAAP operating margin of 8.2%.
• Generated $462 million in net cash from operating activities and $297 million in free cash flow.

FMC Corporation reported Q2 2024 revenue of $1.04 billion, a 2% increase compared to Q2 2023, and a GAAP income of $2.35 per diluted share, up 879% versus Q2 2023. Adjusted earnings per diluted share were $0.63, a 26% increase versus Q2 2023. The company has updated its full-year 2024 revenue outlook to $4.30 to $4.50 billion.

• Revenue reached $1.04 billion, a 2% increase versus Q2 2023 (4% organically).
• GAAP net income was $295 million.

OneMain Holdings, Inc. reported a net income of $71 million for the second quarter of 2024, compared to $103 million in the prior year quarter. Earnings per diluted share were $0.59, down from $0.85 in the prior year quarter. Managed receivables increased to $23.7 billion, up 11% year-over-year.

• Diluted EPS was $0.59 for 2Q 2024.
• C&I adjusted diluted EPS was $1.02 for 2Q 2024.

Lantheus reported a strong second quarter with worldwide revenue of $394.1 million, a 22.5% increase from Q2 2023. Growth was primarily driven by PYLARIFY and DEFINITY. The company completed three strategic transactions to expand its radiopharmaceutical pipeline. GAAP fully diluted earnings per share were $0.88, while adjusted fully diluted earnings per share were $1.80.

• Worldwide revenue increased 22.5% to $394.1 million compared to the same period in 2023, driven by PYLARIFY and DEFINITY.
• PYLARIFY sales were $273.3 million, a 29.8% increase year-over-year, driven by increased utilization and market expansion.

Cognex's Q2 2024 revenue declined slightly by 1% year-over-year, although there was strong growth in Logistics and Semiconductor end markets. The company remains focused on AI-driven product innovation and cost management.

• Revenue declined by 1% compared to Q2 2023, but increased by 14% sequentially from Q1 2024.
• Gross margin was 69.6%, with an adjusted gross margin of 70.3%.

SiteOne Landscape Supply announced its second quarter 2024 earnings, with net sales increasing to $1.41 billion, a 4% rise compared to the previous year. Despite a 3% decrease in Organic Daily Sales due to soft demand and price deflation, acquisitions contributed significantly to sales growth. The company's adjusted EBITDA was comparable to the prior year, and it expects overall sales growth to be positive in the second half of 2024, albeit with a lower adjusted EBITDA margin.

• Net sales increased by 4% to $1.41 billion compared to the prior-year period.
• Organic Daily Sales decreased by 3% due to soft demand and price deflation.

MGIC Investment Corporation reported a strong second quarter of 2024, with a net income of $204.2 million, or $0.77 per diluted share, and an adjusted net operating income of $204.9 million, or $0.77 per diluted share. The company continues to benefit from favorable credit trends and a disciplined market approach.

• Net income for the second quarter of 2024 was $204.2 million, or $0.77 per diluted share.
• Adjusted net operating income for the second quarter of 2024 was $204.9 million, or $0.77 per diluted share.

Clearwater Analytics announced strong second-quarter results, marked by a 19% year-over-year increase in revenue to $106.8 million and a 22% rise in Annual Recurring Revenue (ARR) to $427.2 million. The company's adjusted EBITDA grew by 35% year-over-year, reaching $33.4 million, and free cash flow increased by 117%.

• Revenue increased by 19% year-over-year, reaching $106.8 million.
• ARR grew by 22% year-over-year, totaling $427.2 million.

Ryman Hospitality Properties reported strong second-quarter results, driven by solid performance in both its Hospitality and Entertainment segments. The company achieved record second-quarter net income, as well as all-time records for consolidated operating income and consolidated Adjusted EBITDAre. The company also increased its full year 2024 outlook for consolidated net income, operating income, Adjusted EBITDAre and Adjusted FFO.

• Second quarter results demonstrated the strength of both business segments.
• The company delivered record second quarter net income.

Credit Acceptance Corporation reported a consolidated net loss of $47.1 million, or $3.83 per diluted share, for the three months ended June 30, 2024, compared to a net income of $22.2 million, or $1.69 per diluted share, for the same period in 2023. Adjusted net income, a non-GAAP financial measure, was $126.4 million, or $10.29 per diluted share, compared to $140.0 million, or $10.69 per diluted share, for the same period in 2023. The results were impacted by a larger decrease in forecasted collection rates and a decrease in forecasted profitability for Consumer Loans assigned in 2021 through 2024.

• Forecasted collection rates decreased, impacting net cash flows negatively by $189.3 million due to both ordinary decreases and adjustments to forecasting methodology.
• Forecasted profitability declined for Consumer Loans assigned between 2021 and 2024 due to decreased collection rates and slower net cash flow timing.

Etsy, Inc. reported Q2 2024 results with consolidated revenue up 3.0% year-over-year to $647.8 million and consolidated net income of $53.0 million. The company saw a decrease in consolidated GMS by 2.1% year-over-year. Active buyers increased by 1.0% year-over-year to 91.5 million.

• Consolidated GMS was $2.9 billion, down 2.1% year-over-year.
• Etsy marketplace GMS was $2.5 billion, down 3.2% year-over-year.

Rithm Capital reported a GAAP net income of $213.2 million, or $0.43 per diluted common share, and earnings available for distribution of $231.1 million, or $0.47 per diluted common share. The company's MSR portfolio totaled $645 billion in UPB, and origination funded production volume increased by 35% QoQ and 47% YoY.

• GAAP net income was $213.2 million, or $0.43 per diluted common share.
• Earnings available for distribution reached $231.1 million, or $0.47 per diluted common share.

CSW Industrials reported record fiscal 2025 first quarter results, with revenue increasing by 11.2% to $226.2 million, net income attributable to CSWI increasing by 26.1% to $38.6 million, and EPS increasing by 25.4% to $2.47.

• Total revenue increased 11.2% to $226.2 million, driven by organic growth of 7.7% and inorganic growth of 3.5% from the Dust Free acquisition.
• Net income attributable to CSWI increased 26.1% to $38.6 million, compared to $30.6 million.

Silgan Holdings Inc. reported second quarter 2024 net sales of $1.38 billion and net income of $76.1 million, or $0.71 per diluted share. Adjusted net income per diluted share was $0.88. The company saw volume growth in all segments and expects to achieve its two-year $50 million cost reduction program.

• Volume growth in all segments as customer destocking draws to a close.
• Dispensing and Specialty Closures year-over-year Adjusted EBIT growth of greater than 20%.

The Hanover Insurance Group reported a net income of $40.5 million, or $1.12 per diluted share and an operating income of $68.1 million, or $1.88 per diluted share for the second quarter of 2024. The company's combined ratio was 99.2%, and the combined ratio excluding catastrophes was 88.5%.

• Combined ratio of 99.2%; combined ratio, excluding catastrophes, of 88.5%.
• Catastrophe losses of $157.1 million, or 10.7 points of the combined ratio.

Timken reported Q2 2024 sales of $1.18 billion, a 7.1% decrease from the previous year, with a net income of $96.2 million, or $1.36 per diluted share. Adjusted EPS was $1.63. The company updated its full-year outlook, expecting EPS of $5.00-$5.20 and adjusted EPS of $6.00-$6.20.

• Sales reached $1.18 billion, meeting company expectations.
• Second-quarter earnings per share (EPS) were $1.36; adjusted EPS was $1.63.

Option Care Health reported net revenue of $1,227.2 million, a 14.8% increase compared to the second quarter of 2023. Net income was $53.0 million, or $0.30 diluted earnings per share. Adjusted EBITDA was $108.4 million, and cash flow from operations was $195.7 million.

• Net revenue increased by 14.8% to $1,227.2 million compared to Q2 2023.
• Gross profit was $249.4 million, representing 20.3% of net revenue.

Tenable reported a 13% year-over-year increase in revenue, reaching $221.2 million, and a 10% increase in calculated current billings, totaling $221.1 million. The company's GAAP operating margin was (4)%, while the non-GAAP operating margin was 19%. Tenable also highlighted the momentum in its newer products, Tenable Cloud Security and Tenable One.

• Revenue increased by 13% year-over-year, reaching $221.2 million.
• Calculated current billings increased by 10% year-over-year, totaling $221.1 million.

Enact Holdings reported a strong second quarter in 2024, with a net income of $184 million and adjusted operating income of $201 million. The company achieved record primary insurance in-force of $266 billion and maintained a strong PMIERs sufficiency of 169%.

• Net income reached $184 million, or $1.16 per diluted share.
• Adjusted operating income was $201 million, or $1.27 per diluted share.

Radian Group Inc. reported a strong second quarter with a net income of $152 million, or $0.98 per diluted share, compared to $146 million, or $0.91 per diluted share, for the same quarter last year. The company's return on equity was 13.6%.

• Net income for the quarter ended June 30, 2024, was $152 million, or $0.98 per diluted share.
• Return on equity was 13.6%.

Gates Industrial reported a decrease in net sales by 5.4% to $885.5 million, with a core sales decline of 4.0%. Net income attributable to shareholders increased to $70.7 million, or $0.26 per diluted share, while adjusted net income per diluted share was $0.36. The company's gross margin and adjusted EBITDA margin improved, but full-year guidance was trimmed due to softer demand.

• Net sales decreased by 5.4% to $885.5 million, with a 4.0% core sales decline.
• Net income attributable to shareholders was $70.7 million, or $0.26 per diluted share.

Magnolia Oil & Gas Corporation announced strong second quarter 2024 results, with total production reaching a new quarterly record of 90.2 Mboe/d, driven by a 21% increase in Giddings production. The company returned approximately $130 million to shareholders through share repurchases and dividends and closed the quarter with $275.7 million in cash.

• Net income attributable to Class A Common Stock was $95.6 million, or $0.51 per diluted share.
• Adjusted EBITDAX was $246.1 million, with D&C capital at $123.4 million, about 50% of adjusted EBITDAX.

Sonoco reported GAAP net income of $91 million, with adjusted EBITDA reaching $262 million. Diluted earnings per share were $0.92, and adjusted diluted earnings per share stood at $1.28. The company reaffirmed its full-year 2024 guidance for adjusted EBITDA, adjusted EPS, and operating cash flow, excluding the pending Eviosys acquisition and potential divestitures.

• GAAP net income attributable to Sonoco was $91 million, with Adjusted EBITDA at $262 million.
• Diluted earnings per share reached $0.92, and diluted Adjusted earnings per share was $1.28.

Rush Enterprises reported a revenue increase of 1.2% to $2.027 billion for Q2 2024, but net income decreased to $78.7 million, or $0.97 per diluted share, compared to $98.3 million, or $1.17 per diluted share, in Q2 2023. The company declared a cash dividend of $0.18 per share, a 5.9% increase over the prior quarter. The results were impacted by weak demand for Class 8 trucks, aftermarket parts, and services due to the freight recession and high interest rates.

• Revenues increased by 1.2% year-over-year to $2.027 billion.
• Net income decreased from $98.3 million to $78.7 million, with EPS down from $1.17 to $0.97.

Kilroy Realty Corporation reported Q2 2024 financial results, with revenues of $280.7 million and net income available to common stockholders of $0.41 per diluted share. The stabilized portfolio was 83.7% occupied and 85.4% leased as of June 30, 2024.

• Revenues reached $280.7 million.
• Net income available to common stockholders was $0.41 per diluted share.

Remitly Global, Inc. reported a successful second quarter in 2024, marked by a 36% increase in active customers, a 38% increase in send volume, and a 31% increase in revenue. The company's net loss improved by 36%, and adjusted EBITDA increased by 23%. Remitly has raised its 2024 outlook for revenue and Adjusted EBITDA.

• Active customers increased by 36% year over year, reaching 6.9 million.
• Send volume increased by 38% year over year, totaling $13.2 billion.

Scotts Miracle-Gro reported a 7% increase in total company sales to $1.2 billion for the third quarter ended June 29, 2024. The U.S. Consumer segment saw an 11% increase in net sales, while the Hawthorne segment experienced a 28% decrease. GAAP EPS was $2.28, and non-GAAP adjusted EPS nearly doubled to $2.31.

• U.S. Consumer third quarter net sales increased by 11 percent year-over-year.
• Consumer engagement showed strength with unit POS up 10 percent year-to-date.

Zeta Global reported a record quarterly revenue of $228 million, a 33% year-over-year increase, driven by investments in AI and data, as well as momentum across growth catalysts. The company raised its full-year revenue guidance by $25 million to a midpoint of $925 million, reflecting a 27% year-over-year growth.

• Total revenue reached $228 million, a 33% increase year-over-year and $16 million above guidance.
• The total number of Scaled Customers grew to 468, an increase of 8 sequentially and 43 year-over-year.

Independence Realty Trust reported a net income of $10.4 million and EPS of $0.05 for Q2 2024. They experienced same-store NOI growth of 2.8%. The company also raised the midpoint of its full year 2024 same store NOI, EPS, and Core FFO guidance ranges.

• Net income available to common shares was $10.4 million.
• Earnings per diluted share was $0.05.

CBIZ's second-quarter revenue increased by 5.4% to $420.0 million, while net income decreased by 26.3% to $19.8 million. The company experienced headwinds from the departure of a small group of producers and client delays in investment decisions. CBIZ also announced an agreement to acquire Marcum LLP for approximately $2.3 billion, expected to close in the fourth quarter.

• Total revenue increased by 5.4%, with same-unit revenue up 2.8%.
• GAAP EPS decreased by 26.4%, and adjusted EPS decreased by 9.1%, including Marcum acquisition-related expenses of $6.7 million.

Black Hills Corp. reported second quarter earnings of $0.33 per share, compared to $0.35 per share in the second quarter of 2023. Year-to-date earnings were up 6% compared to last year and the company reaffirmed its earnings guidance for the year.

• Second quarter earnings were $0.33 per share compared to $0.35 per share in the second quarter of 2023.
• Financial results were driven by new rates and rider recovery and lower operating expenses.

PNM Resources reported GAAP earnings of $0.53 per diluted share for the second quarter of 2024, the same as the second quarter of 2023. Ongoing earnings were $0.60 per diluted share, compared to $0.55 in the prior year. Management affirmed its 2024 consolidated ongoing earnings guidance of $2.65 to $2.75 per diluted share. The company also announced it is changing its name to TXNM Energy, expected to be effective August 5, 2024.

• Second quarter GAAP earnings were $0.53 per diluted share.
• Second quarter ongoing earnings were $0.60 per diluted share.

Acadia Healthcare reported an 8.8% increase in revenue to $796.0 million and net income attributable to Acadia of $78.5 million, or $0.85 per diluted share, for the second quarter of 2024. The company continues to execute its growth strategy, adding beds to existing facilities and opening a new facility in Mesa, Arizona.

• Revenue totaled $796.0 million, an increase of 8.8% over the second quarter of 2023.
• Same facility revenue increased 8.3% compared with the second quarter of 2023, including an increase in revenue per patient day of 5.6% and an increase in patient days of 2.6%.

Spire Inc. reported a net loss of $12.6 million for the third quarter of fiscal year 2024, an improvement compared to the previous year's net loss of $21.6 million. The company's net economic loss was $4.3 million, also an improvement from the prior year. However, Spire lowered its fiscal 2024 net economic earnings guidance range to $4.15–$4.25 per share.

• Net loss improved to $12.6 million from $21.6 million year-over-year.
• Net economic loss improved to $4.3 million from $18.6 million year-over-year.

Graham Holdings Company reported a revenue increase of 7% to $1,185.3 million compared to the second quarter of 2023. However, the company experienced a decrease in operating income to $25.9 million, down from $58.1 million in the same period last year, primarily due to impairment charges and declines in television broadcasting and manufacturing. The company reported a net loss attributable to common shares of $21.0 million ($4.79 per share) for the second quarter of 2024, compared to income of $122.8 million ($25.89 per share) for the second quarter of 2023.

• Revenue increased by 7% to $1,185.3 million, driven by growth in education, healthcare, and automotive sectors.
• Operating income decreased to $25.9 million due to goodwill and intangible asset impairment charges, as well as declines in television broadcasting and manufacturing.

Riot Platforms reported $70.0 million in total revenue for Q2 2024, with a decrease primarily driven by a $9.7 million decrease in Engineering revenues offset by a $6 million increase in Bitcoin Mining revenue. The company's deployed hash rate grew to 22.0 EH/s as of June 30, 2024. Riot also acquired Block Mining Inc. to expand growth pipeline and operational expertise.

• Total revenue was $70.0 million, compared to $76.7 million in the same period last year.
• Bitcoin Mining revenue reached $55.8 million, up from $49.7 million in the same period last year.

Dentsply Sirona reported a decrease in net sales by 4.2% to $984 million, with a net loss of $4 million, or ($0.02) per share. Adjusted EPS was $0.49. The company is revising its full-year outlook to reflect lower expected sales and adjusted EPS. A second phase of transformation is expected to reduce annualized operating expenses by $80 to $100 million over approximately 12 to 18 months.

• Net sales decreased by 4.2% to $984 million, with organic sales decreasing by 2.3%.
• GAAP net loss was ($4) million, or ($0.02) per share.

Compass, Inc. reported strong second quarter 2024 results, including an all-time high net income of $20.7 million and an all-time high Adjusted EBITDA of $77.4 million. The company also achieved positive free cash flow for 4 of the last 5 quarters and increased quarterly market share to 5.13%. Revenue grew 14% year-over-year.

• Achieved all-time high net income of $20.7 million.
• Attained all-time high Adjusted EBITDA of $77.4 million.

EPR Properties announced second quarter results with total revenue of $173.1 million and net income available to common shareholders of $39.1 million. The company reaffirmed its FFOAA per diluted common share guidance for 2024 of $4.76 to $4.96 and investment spending guidance of $200.0 million to $300.0 million.

• Investment spending totaled $46.9 million, bringing year-to-date investment spending to $132.7 million.
• Committed approximately $180.0 million for experiential development and redevelopment projects.

Alkami Technology, Inc. reported GAAP total revenue of $82.2 million for the second quarter of 2024, a 24.9% increase compared to the year-ago quarter. The company achieved a GAAP gross margin of 59.4% and an adjusted EBITDA of $4.6 million. Alkami ended the quarter with 18.6 million live registered users, up 2.7 million compared to the prior-year quarter.

• GAAP total revenue increased by 24.9% year-over-year to $82.2 million.
• GAAP gross margin improved to 59.4% compared to 53.9% in the year-ago quarter.

Valaris reported a strong second quarter in 2024, marked by excellent safety and operating performance, achieving 99% revenue efficiency. The company saw a meaningful improvement in financial results, driven by the successful contract startup for VALARIS DS-7 and secured a new multi-year contract with Equinor for VALARIS DS-17.

• Net income of $151 million, Adjusted EBITDA of $139 million and Adjusted EBITDAR of $150 million.
• Revenue efficiency of 99% during the quarter.

Transocean Ltd. reported a net loss attributable to controlling interest of $123 million, or $0.15 per diluted share, for the three months ended June 30, 2024. Contract drilling revenues increased sequentially by $98 million to $861 million, driven by increased rig utilization and higher revenue efficiency.

• Contract drilling revenues increased to $861 million due to increased rig utilization and higher revenue efficiency.
• Revenue efficiency reached 96.9%.

United States Lime & Minerals reported a revenue increase of 3.5% to $76.5 million and a net income increase of 32.2% to $26.1 million for the second quarter of 2024, compared to the second quarter of 2023. The increase in revenue was driven by higher average selling prices, although sales volumes decreased due to reduced demand from construction customers.

• Revenues increased by 3.5% to $76.5 million compared to Q2 2023.
• Lime and limestone revenues also increased by 3.5% to $76.3 million.

Terex reported a solid second quarter with revenue of $1.4 billion and adjusted EPS of $2.16. The company is on track to deliver full-year adjusted EPS in the range of $7.15 to $7.45. AWP segment experienced growth, while MP segment was impacted by softness in the European market.

• Generated revenue of $1.4 billion.
• Delivered adjusted EPS of $2.16.

nCino, Inc. announced robust financial results for the second quarter of fiscal year 2025, with total revenues reaching $132.4 million, a 13% increase year-over-year, and subscription revenues growing by 14% to $113.9 million. The company also achieved a non-GAAP operating income of $19.3 million, significantly up from $11.2 million in the prior year, demonstrating strong operational performance.

• Total revenues for Q2 FY25 were $132.4 million, marking a 13% increase year-over-year.
• Subscription revenues grew by 14% year-over-year to $113.9 million.

Genworth Financial reported a net income of $76 million and adjusted operating income of $125 million. Enact's strong performance and the expansion of the CareScout Quality Network were key highlights. The company executed $36 million in share repurchases and remains focused on returning capital to shareholders.

• Continued progress on the LTC multi-year rate action plan (MYRAP) with $138M of gross incremental premium approvals.
• CareScout expanded the CareScout Quality Network, now available in over 40 states.

Marriott Vacations Worldwide reported second quarter 2024 financial results with consolidated vacation ownership contract sales declining 1% to $449 million. Net income attributable to common stockholders was $37 million, or $0.98 per share, while adjusted net income was $42 million, or $1.10 per share. Adjusted EBITDA decreased 29% to $157 million, reflecting a $57 million net increase to the company’s sales reserve.

• Consolidated Vacation Ownership contract sales declined 1% compared to the second quarter of 2023 to $449 million. Excluding Maui, contract sales increased 3% compared to the prior year.
• The Company recorded a $70 million increase to its sales reserve reflecting higher expected future defaults on its existing vacation ownership notes receivable portfolio.

Steven Madden reported strong second quarter results, with revenue increasing by 18% and adjusted diluted EPS rising by 23% compared to the same period in 2023. The growth was driven by exceptional performance in accessories and apparel, as well as gains in international markets and direct-to-consumer channels.

• Revenue increased by 18% compared to the second quarter of 2023.
• Adjusted diluted EPS rose by 23% compared to the same period in 2023.

Park Hotels & Resorts reported a net income of $67 million for the second quarter of 2024, a significant increase from the net loss of $146 million in the same period last year. Comparable RevPAR grew by 2% year-over-year, driven by strong group and leisure demand, particularly in Boston, Miami, and New York. The company also executed capital allocation strategies, including debt refinancing and share repurchases.

• Comparable RevPAR increased by 2% compared to Q2 2023, driven by strategic investments and strong demand trends.
• Net income was $67 million, a substantial improvement from the $146 million loss in Q2 2023.

FCPT reported a strong second quarter with a 10.8% increase in rental revenue, driven by strategic acquisitions of high-quality assets and consistent rent collections representing 99.8% of portfolio contractual base rent.

• Rental revenue increased by 10.8% year-over-year to $58.5 million for the quarter.
• Net income attributable to common shareholders was $24.7 million, or $0.27 per diluted share.

Urban Edge Properties reported positive second quarter results with net income attributable to common shareholders of $30.759 million and FFO as Adjusted of $40.156 million. Shop occupancy grew to 89.8%, up 520 bps compared to the second quarter of 2023. The company also raised the low end of its FFO as Adjusted guidance for the full-year.

• Shop occupancy grew to 89.8%, up 520 bps compared to Q2 2023.
• Executed 47 new leases, renewals and options totaling 506,000 sf during the quarter.

Goodyear reported second quarter 2024 sales of $4.6 billion with net income of $85 million, or $0.30 per share, and adjusted earnings per share of $0.19. The company's performance was driven by segment operating income, which increased by $215 million compared to the second quarter of 2023, and the Goodyear Forward transformation plan.

• Goodyear's second quarter 2024 sales were $4.6 billion with tire unit volumes totaling 40.1 million.
• Goodyear net income was $85 million (30 cents per share).

LXP Industrial Trust reported a net income attributable to common shareholders of $3.8 million, or $0.01 per diluted share, and an Adjusted Company FFO of $46.9 million, or $0.16 per diluted share, for the second quarter of 2024. The company also saw a 5.0% increase in Same-Store NOI and completed the sale of its remaining two consolidated office assets, transitioning to a 100% industrial portfolio.

• Net Income attributable to common shareholders was $3.8 million, or $0.01 per diluted common share.
• Adjusted Company FFO was $46.9 million, or $0.16 per diluted common share.

Mister Car Wash reported an 8% increase in net revenues, reaching $255.0 million, and a 2.4% increase in comparable-store sales. The company added 15,000 net new Unlimited Wash Club members, bringing the total to 2.1 million. Adjusted EBITDA increased by 20% to $88.7 million.

• Net revenues increased by 8% to $255.0 million compared to Q2 2023.
• Comparable-store sales increased by 2.4% during the quarter.

Strategic Education, Inc. reported an 8.5% increase in revenue to $312.3 million, driven by strong performance in the U.S. Higher Education and Education Technology Services segments. Net income increased to $29.9 million, with diluted earnings per share rising to $1.24.

• Revenue increased by 8.5% to $312.3 million compared to the same period in 2023.
• Income from operations was $41.9 million, representing 13.4% of revenue, compared to $16.8 million in the previous year.

Hawkins, Inc. reported a strong first quarter with record revenue, gross profit, operating income, net income, and diluted earnings per share. Revenue grew by 2%, driven by the Water Treatment segment, and gross profit increased by 24%.

• Record quarterly results for revenue, gross profit, operating income, net income, and diluted EPS.
• Revenue increased by 2%, driven by 25% growth in the Water Treatment segment.

InvenTrust Properties Corp. reported a net income of $1.5 million, or $0.02 per diluted share, Nareit FFO of $0.44 per diluted share, Core FFO of $0.43 per diluted share and Same Property NOI growth of 2.6%. The company also increased its Same Property NOI guidance by 75 basis points at the midpoint.

• Nareit FFO of $0.44 per diluted share
• Core FFO of $0.43 per diluted share

Alamo Group reported a decrease in net sales and net income for the second quarter of 2024 compared to the previous year. The decrease was primarily driven by softness in the Vegetation Management segment, while the Industrial Equipment segment performed strongly. Cost reduction actions are expected to yield savings in the remainder of 2024.

• Net sales decreased by 5.5% to $416.3 million compared to the prior year.
• Industrial Equipment net sales increased by 14.2% to $204.8 million.

Dana Incorporated reported second-quarter financial results with increased Adjusted EBITDA and Adjusted EBITDA margin and raised full-year free cash flow guidance. Sales reached $2.74 billion, net income was $16 million, Adjusted EBITDA was $244 million, and free cash flow was $104 million.

• Sales of $2.74 billion.
• Net income of $16 million.

Lemonade reported excellent second-quarter results, featuring robust topline growth, relative stability in expenses, and positive net cash flow. In Force Premium grew 22% YoY, while revenue grew 17%. Gross loss ratio improved to 79%, and gross profit increased by 155% year on year.

• Lemonade was net cash flow positive in Q2 2024 and expects to remain so, with the exception of Q4 2024.
• In Force Premium grew 22% year-over-year, reaching $839 million, while revenue increased by 17%.

Axcelis announced strong financial results for the second quarter of 2024, with revenue of $256.5 million. The company's performance was driven by better-than-expected conversion of evaluation units into revenue and continued robust demand in the Power segment, especially silicon carbide.

• Second quarter revenue reached $256.5 million.
• Gross margin for the quarter was 43.8%.

MYR Group reported a decrease in revenue and a net loss for the second quarter of 2024, primarily due to unfavorable clean energy projects within the T&D segment and one project within the C&I segment. Despite these challenges, the core businesses performed well, and the company remains confident in its ability to generate positive returns.

• Quarterly revenues were $828.9 million, a decrease of 6.7% compared to the second quarter of 2023.
• Net loss for the quarter was $15.3 million, or ($0.91) per diluted share, compared to net income of $22.3 million, or $1.33 per diluted share, for the same period in 2023.

CONMED Corporation reported its second quarter 2024 financial results, noting that the quarter played out largely as expected but the company has not yet fully recovered from supply chain challenges, delaying commercial reacceleration. The full-year revenue guidance was revised to $1.305 billion to $1.315 billion, and adjusted diluted net earnings per share are now expected to be in the range of $3.95 to $4.02.

• Second quarter 2024 results played out largely as expected.
• Supply chain challenges have delayed commercial reacceleration.

AvidXchange announced Q2 2024 financial results, marking a milestone in GAAP net income profitability with revenue growth of 15.3% year-over-year. The company sustains a strong balance sheet with $465.0 million in cash and marketable securities. Updated 2024 business outlook reflects strong execution amid macro choppiness.

• Achieved GAAP net income profitability in Q2 2024.
• Maintained a strong balance sheet with $465.0 million in cash and marketable securities.

UFP Technologies announced record Q2 results with a 10.1% increase in sales, a gross margin growth to 30.0%, and a 14.0% increase in net income. The company also completed three acquisitions expected to add $90 million in revenue and $20 million in EBITDA.

• Sales increased by 10.1% compared to the same quarter last year, reaching $110.2 million.
• Net income grew by 14.0% to $13.6 million, or $1.75 per diluted share.

OneSpaWorld announced record second quarter fiscal 2024 results with total revenues of $224.9 million, income from operations of $18.8 million, and adjusted EBITDA of $27.1 million. The company increased its fiscal year 2024 revenue guidance to $870 - $890 million and adjusted EBITDA guidance to $102 - $108 million.

• Total revenues increased by 12% to a record $224.9 million compared to the second quarter of 2023.
• Income from operations increased by 40% to a record $18.8 million compared to the second quarter of 2023.

The Chefs' Warehouse reported an 8.3% increase in net sales to $954.7 million for the second quarter of 2024, driven by organic sales growth and acquisitions. GAAP net income rose to $15.5 million, or $0.37 per diluted share, compared to $9.9 million, or $0.25 per diluted share, in the same quarter of the previous year. Adjusted EBITDA increased to $56.2 million, reflecting strong customer demand and effective pricing strategies.

• Net sales increased by 8.3% to $954.7 million compared to the second quarter of 2023.
• GAAP net income was $15.5 million, or $0.37 per diluted share, up from $9.9 million, or $0.25 per diluted share, in the prior year.

The Vita Coco Company reported a 3% increase in net sales to $144 million for Q2 2024. Vita Coco Coconut Water sales grew by 4%. The company reaffirmed its full-year guidance, expecting net revenue between $500-$510 million and Adjusted EBITDA between $76-$82 million.

• Net sales grew 3% in the second quarter to $144 million.
• Vita Coco Coconut Water net sales growth of 4% in the second quarter.

Enovix Corporation announced financial results for the second quarter of 2024, featuring revenue of $3.8 million, progress in commercial agreements, the start of production in Malaysia, and actions to extend their financial runway. The company is scaling up in Malaysia and anticipates significant revenue growth in the second half of 2024.

• Revenue of $3.8 million, up from $42,000 in Q2 2023 and above the midpoint of forecast.
• Signed agreement with a leading California-based technology company for mixed reality headset batteries.

EVERTEC reported strong second quarter results with a 27% increase in revenue to $212.0 million and a 13% increase in GAAP Net Income attributable to common shareholders to $31.9 million, driven by the Sinqia acquisition and organic growth across all segments.

• Revenue increased 27% to $212.0 million.
• GAAP Net Income attributable to common shareholders increased 13% to $31.9 million and increased 14% to $0.49 per diluted share.

TransMedics reported a strong second quarter in 2024, marked by a 118% increase in revenue compared to the previous year. The growth was fueled by the sustained momentum of OCS NOP and the company's transplant logistics network. The company is raising its full year 2024 revenue guidance to be in the range of $425 million to $445 million.

• Total revenue reached $114.3 million, a 118% increase compared to Q2 2023.
• Net income was $12.2 million, or $0.35 per diluted share.

VSE Corporation reported a 29.6% increase in total revenues to $266.0 million for Q2 2024. The Aviation segment saw record revenue and profitability, while the Fleet segment was impacted by the USPS transition to a new FMIS. The company also made progress in strengthening its balance sheet and reducing net leverage.

• Total Revenues increased by 29.6% to $266.0 million.
• Aviation segment revenue increased 55% year-over-year.

Donnelley Financial Solutions (DFIN) reported a slight increase in net sales for Q2 2024, with a significant boost in software solutions revenue offsetting declines in other segments. Adjusted EBITDA and margins expanded substantially due to a favorable sales mix and cost management. The company is focused on investing in profitable, recurring revenue streams.

• Record quarterly software solutions net sales of $85.6 million, up 13.1% year-over-year.
• Total net sales increased by 0.2% to $242.7 million compared to Q2 2023.

Allegiant Travel Company reported a decrease in total operating revenue and a significant decrease in net income for Q2 2024 compared to Q2 2023. The company faced challenges including increased operating expenses and special charges, though ancillary revenue and operational performance remained strong.

• GAAP diluted earnings per share were $0.75.
• Diluted earnings per share, excluding special charges, were $1.77.

Connection (PC Connection, Inc.) reported a slight increase in net sales and a significant increase in net income for the second quarter of 2024. Net sales increased by 0.4% year-over-year, while net income increased by 32.8%. Diluted EPS was $0.99, compared to $0.75 in the prior year quarter.

• Net sales increased by 0.4% year-over-year to $736.5 million.
• Gross profit increased by 6.9% year-over-year to $136.5 million.

Gibraltar Industries reported a decrease in GAAP net sales by 3.3% and adjusted net sales by 2.0%. Net income increased by 4.9% to $32.2 million, with adjusted net income up 2.8% to $36.4 million. Strong operating cash flow generation reached $36 million.

• GAAP net sales decreased by 3.3%, and adjusted net sales decreased by 2.0% due to a slowing market in Residential.
• Agtech bookings surpassed $90 million, supporting strong revenue growth in the second half of the year.

Cimpress reported strong Q4 FY2024 results with revenue growth, increased operating income, and adjusted EBITDA. The company continued to reduce net leverage and increase liquidity while executing share repurchases.

• Revenue grew 6% on a reported basis and on an organic constant-currency basis.
• Consolidated operating income increased $12.4 million year over year to $66.3 million.

Perdoceo Education Corporation reported a decrease in revenue by 10.6% to $166.7 million and a decrease in operating income by 4.3% to $46.0 million for the second quarter of 2024. However, the results exceeded expectations due to high levels of student retention and engagement at both academic institutions.

• Total student enrollments increased by 4.2% with a 14.7% increase at CTU, offset by an 18.2% decrease at AIUS.
• Revenue decreased by 10.6% to $166.7 million due to operational changes at AIUS.

Teladoc Health reported a 2% year-over-year decrease in revenue to $642.4 million for Q2 2024. The company experienced a net loss of $837.7 million, which includes a goodwill impairment charge of $790.0 million. While the Integrated Care segment performed well, the BetterHelp segment faced continued headwinds.

• Revenue decreased by 2% year-over-year to $642.4 million.
• Net loss totaled $837.7 million, including a $790.0 million goodwill impairment charge.

eXp World Holdings reported a 5% increase in revenue to $1,295 million and a rise in global agent Net Promoter Score to 76. The company delivered a solid second quarter with agents closing $52 billion of transactions, a 7% year-over-year increase.

• Revenue increased 5% year-over-year to $1,295 million.
• Net income from continuing operations was $11.8 million, compared to $11.4 million in the second quarter of 2023.

Schrödinger, Inc. announced strong financial results for the second quarter of 2024, featuring a 35% increase in total revenue to $47.3 million. Software revenue grew by 21% to $35.4 million, and drug discovery revenue more than doubled to $11.9 million. The company is progressing its proprietary therapeutics pipeline, with initial clinical data expected from lead programs in 2025.

• Total revenue increased by 35% to $47.3 million compared to Q2 2023.
• Software revenue grew by 21% to $35.4 million, driven by new and existing customers and multi-year deal renewals.

Knowles reported Q2 2024 financial results with revenues of $204.7 million, an 18% increase year-over-year, and net cash from operating activities of $24.9 million. Non-GAAP diluted earnings per share were $0.24, in line with expectations. The company expects revenue growth in Medtech and Specialty Audio and Precision Devices segments in Q3 2024.

• Revenues increased 18% year-over-year to $204.7 million.
• Non-GAAP diluted earnings per share were $0.24.

Ingevity reported a decrease in net sales by 19% to $390.6 million, primarily due to the repositioning of its Performance Chemicals segment. The company experienced a net loss of $283.7 million, or $7.81 per share, due to a $349.1 million non-cash goodwill impairment charge in Performance Chemicals. Adjusted EBITDA decreased by 16% to $101.3 million, with a margin of 25.9%.

• Net sales decreased by 19% to $390.6 million.
• Net loss was $283.7 million, or $7.81 per share, due to a Performance Chemicals goodwill impairment.

Compass Diversified reported an 11% increase in net sales to $542.6 million, driven by strong performance in branded consumer businesses. Adjusted EBITDA increased by 27% to $105.4 million. The company maintains its 2024 outlook.

• Net sales increased by 11% to $542.6 million, up 6% on a pro forma basis.
• Branded Consumer net sales increased 11% on a pro forma basis to $373.5 million.

Kosmos Energy announced its Q2 2024 results, showcasing a robust financial performance with significant revenue and earnings growth compared to the previous year. The company benefited from increased production volumes and favorable market conditions, particularly in oil and gas prices. Kosmos Energy also provided forward guidance, outlining its strategic priorities and expectations for the remainder of the year.

• Generated revenue of $242.9 million and net income of $46.5 million in Q2 2024.
• Increased production to 63,500 barrels of oil equivalent per day (boepd).

Alphatec Holdings, Inc. reported a 25% increase in total revenue to $146 million for Q2 2024, driven by a 27% growth in surgical revenue. The company also raised its full-year revenue and profitability guidance.

• Launched EOS Insight, integrating EOS imaging, automation and AI into spine operating rooms.
• Expanded U.S. footprint, resulting in a record 244 surgeon training engagements.

SSR Mining reported a net income of $9.7 million, or $0.05 per diluted share, for Q2 2024. The company's operations were significantly impacted by the Çöpler incident, which led to the suspension of operations at the Çöpler mine. Despite this, Marigold, Seabee, and Puna operations remained on track. The company spent $55 million on remediation activities at Çöpler during the quarter.

• Net income attributable to SSR Mining was $9.7 million, or $0.05 per diluted share.
• Adjusted attributable net income was $7.5 million, or $0.04 per diluted share.

BrightView reported a 3.6% year-over-year decrease in total revenue to $738.8 million, but net income increased by 39.9% to $23.5 million. Adjusted EBITDA increased by 6% to $107.9 million. The company reaffirmed the midpoint of its Revenue, EBITDA and Margin guidance for fiscal 2024, while raising its Free Cash Flow guidance.

• Total revenue decreased 3.6% year-over-year to $738.8 million.
• Net income increased 39.9% year-over-year to $23.5 million, with a net income margin expansion of 100 basis points.

Stepan Company's second quarter earnings were negatively impacted by higher operational expenses at the Millsdale site, start-up costs for the Pasadena investment, and a criminal fraud event in Asia. Despite these challenges, the company saw volume growth in several core markets and delivered adjusted EBITDA growth of 4%.

• Net income decreased by 25% compared to the prior year, totaling $9.5 million.
• Pre-tax earnings were negatively impacted by $18.9 million due to issues at the Millsdale site, Pasadena investment costs, and a fraud event in Asia.

Camping World Holdings, Inc. reported a decrease in revenue by 5.0% to $1.8 billion for Q2 2024. However, the company achieved a record new unit market share and saw new vehicle unit sales increase by 16.9%. Net income decreased by 63.8% to $23.4 million, with diluted earnings per share at $0.22. The company is focusing on cost structure optimization and managing used vehicle inventory.

• Achieved record new unit market share driven by affordability.
• New vehicle unit sales increased by 16.9% year-over-year.

MiMedx reported a 7% increase in net sales, reaching $87 million for the second quarter of 2024. The company's GAAP net income was $18 million, with an Adjusted EBITDA of $20 million, representing 23% of net sales. The growth was driven by AMNIOEFFECT® and EPIEFFECT® products, despite competitive challenges.

• Net sales for Q2 2024 reached $87 million, a 7% increase year-over-year.
• GAAP net income for Q2 2024 was $18 million, with a net income margin of 20%.

Gentherm reported a strong second quarter with record quarterly revenue of $376 million and the highest quarterly operating income in three years. The company secured $660 million in automotive new business awards and saw a 190 basis point year-over-year expansion in Adjusted EBITDA margin rate.

• Product revenues increased 0.9% year over year, reaching $375.7 million.
• GAAP diluted earnings per share was $0.60, compared to a loss of $0.05 in the prior-year period.

Rush Street Interactive reported a revenue of $220.4 million for the second quarter of 2024, a 34% increase compared to the same period in 2023. The company's net loss was $0.3 million, significantly improved from a $16.7 million loss in the previous year. Adjusted EBITDA exceeded $21 million, and the full year Adjusted EBITDA guidance was raised by 24% at the midpoint.

• Revenue increased by 34% year-over-year, reaching $220.4 million.
• Net loss significantly improved to $0.3 million from $16.7 million year-over-year.

Easterly Government Properties reported a net income of $4.9 million, or $0.04 per share, and Core FFO of $31.4 million, or $0.29 per share for the quarter ended June 30, 2024. The company executed a new $400.0 million senior unsecured revolving credit facility and acquired land for the future development of a Federal courthouse in Flagstaff, Arizona. They also acquired three facilities in Texas and Florida.

• Net income of $4.9 million, or $0.04 per share on a fully diluted basis
• Core FFO of $31.4 million, or $0.29 per share on a fully diluted basis

Employers Holdings, Inc. reported increased revenue driven by higher new and renewal premiums, strong net investment income, and net investment gains. The company also achieved a record number of policies in-force. The combined ratio excluding LPT was 95.4%.

• Net income per diluted share was $1.25, compared to $1.30.
• Adjusted net income per diluted share was $1.10, compared to $1.17.

CareDx announced a strong second quarter with significant revenue growth of 31% year-over-year, driven by growth across all business segments. The company reported a net loss of $1.4 million but a non-GAAP net income of $13.6 million, and positive adjusted EBITDA of $12.9 million. They also raised the 2024 revenue guidance to $320 to $328 million and adjusted EBITDA to a gain of $9 to $15 million.

• Total revenue increased by 31% year-over-year to $92.3 million.
• Testing Services volume grew by 17% year-over-year to 43,700 tests.

Olo Inc. reported a 28% year-over-year increase in total revenue, reaching $70.5 million. The company's non-GAAP operating income also exceeded the high end of guidance. They expanded partnerships and added new enterprise and emerging enterprise brands.

• Total revenue increased 28% year-over-year to $70.5 million.
• Non-GAAP operating income was $7.6 million, representing 11% of total revenue.

Innoviva reported a robust second quarter, demonstrating successful transformation with strong performance across the core GSK royalties portfolio and accelerating growth from commercial products GIAPREZA, XACDURO, and XERAVA. The company remains focused on enhancing shareholder value through capital allocation and operational excellence.

• Core royalty platform showed strong performance, receiving GSK royalties of $67.2 million.
• Innoviva Specialty Therapeutics’ (IST) marketed portfolio grew 38% year-over-year, achieving net product sales of $21.7 million.

Weave reported a strong second quarter with a 21.4% increase in revenue year-over-year, significant improvements in gross and operating margins, and positive adjusted EBITDA for the first time. The company's financial performance reflects the continued demand for its software and payments platform.

• Total revenue increased by 21.4% year-over-year to $50.6 million.
• GAAP gross margin improved to 71.4%, up from 67.3% in the second quarter of 2023.

BBSI reported a 6% increase in revenues to $279.7 million and net income of $16.7 million for Q2 2024. The company raised its quarterly dividend by 7% to $0.08 per share.

• Revenues increased by 6% to $279.7 million.
• Gross billings increased by 6% to $2.03 billion.

Udemy reported a 9% year-over-year increase in revenue to $194.4 million for Q2 2024. The company is shifting its strategic focus to large enterprise customers to accelerate profitability, targeting $130 to $150 million of Adjusted EBITDA for full year 2026.

• Total revenue increased 9% year-over-year to $194.4 million.
• Udemy Business revenue increased 19% year-over-year to $120.6 million.

Piedmont Office Realty Trust reported a net loss of $9.8 million for the second quarter of 2024, compared to a net loss of $2.0 million in the same period last year. However, the company achieved its largest quarterly leasing volume in over a decade, completing over one million square feet of leasing, with a cash rental rate roll-up of greater than 15%.

• Net loss of $9.8 million, or $0.08 per diluted share.
• Core FFO was $0.37 per diluted share.

NerdWallet reported Q2 2024 revenue of $150.6 million, a 5% increase year-over-year. The company experienced a GAAP net loss of $9.4 million, or $0.12 loss per diluted share. They are seeing early signs of recovery and continue to believe they have a path to achieving their mid- and long-term targets.

• Revenue reached $150.6 million, a 5% increase year-over-year.
• GAAP loss from operations was $9.6 million.

Columbus McKinnon reported a 2% increase in net sales to $239.7 million and a gross margin increase of 30 bps to 37.1% in Q1 FY25. The company reaffirms its FY25 guidance. Net income was $8.6 million, and adjusted EBITDA increased 2% to $37.5 million.

• Net sales increased 2% to $239.7 million with strength in precision conveyance.
• Backlog increased 4% from the prior quarter with book-to-bill ratio of 1.05x.

Cohu reported second quarter net sales of $104.7 million and a GAAP loss of $15.8 million or $0.34 per share. The company launched two new products: Krypton inspection metrology system and cStrider MEMS probe card. They also announced a multi-year estimated $100 million win for test automation and inspection systems.

• Second quarter revenue was $104.7 million, with approximately 66% recurring.
• Gross margin was 44.8%, and non-GAAP gross margin was 45.1%.

Franklin BSP Realty Trust reported a GAAP net loss of $(3.8) million and Distributable Earnings of $32.4 million, or $0.31 per diluted common share, for the second quarter of 2024. The core portfolio principal balance increased to $5.4 billion. The company closed $622 million of new loan commitments and repurchased 240,740 shares of common stock.

• Core portfolio principal balance of $5.4 billion, an increase of $195 million from the prior quarter
• Closed $622 million of new loan commitments at a weighted average spread of 318 basis points

Paramount Group reported a net loss attributable to common stockholders of $7.8 million, or $0.04 per diluted share. Core FFO attributable to common stockholders was $43.4 million, or $0.20 per diluted share, compared to $37.1 million, or $0.17 per diluted share for the quarter ended June 30, 2023. The company updated and narrowed its full year 2024 Earnings Guidance.

• Net loss attributable to common stockholders was $7.8 million, or $0.04 per diluted share.
• Core FFO attributable to common stockholders was $43.4 million, or $0.20 per diluted share.

Deluxe reported a decrease in revenue by 5.9%, but net income increased to $20.5 million. The company affirms its 2024 guidance for adjusted EBITDA, adjusted diluted EPS, and free cash flow.

• Revenue decreased by 5.9%, while comparable adjusted revenue decreased by 3.0%.
• Net income increased to $20.5 million, up from $16.4 million in the previous year.

ProPetro reported a decrease in revenue and a net loss for Q2 2024, impacted by customer delays and pricing pressures. However, the company maintained strong free cash flow generation and continued to advance its strategic initiatives, including the transition to electric fleets and opportunistic acquisitions.

• Total revenue decreased by 12% compared to the prior quarter, reaching $357 million.
• Net loss was $4 million, a shift from the prior quarter's net income of $20 million.

Evolus reported a 36% increase in total net revenue for Q2 2024, reaching $66.9 million. The company achieved its first ever quarter of profitability with positive non-GAAP operating income of $1.1 million. Full-year 2024 net revenue guidance was raised to $260 million to $270 million.

• Total net revenue for Q2 2024 increased 36% year-over-year to $66.9 million.
• GAAP operating loss improved to $7.7 million.

Middlesex Water Company reported an increase in net income and diluted earnings per share for the second quarter of 2024. Net income increased by 6.5% to $10.5 million, and diluted earnings per share rose to $0.59, compared to the same period in 2023. The increase was primarily driven by rate increases and customer growth.

• Diluted earnings per share were $0.59 for the quarter, compared to $0.55 in the same period of 2023.
• Net income for the quarter increased to $10.5 million, up 6.5% from the same period in 2023.

SunCoke Energy reported a net income of $23.3 million for Q2 2024, compared to $22.0 million in the prior year period. The company is well-positioned to achieve the high end of its full-year 2024 Consolidated Adjusted EBITDA guidance range of $240 million to $255 million. The Board of Directors approved a 20% increase in quarterly dividends.

• Net income attributable to SXC was $21.5 million, or $0.25 per diluted share, compared to $20.4 million, or $0.24 per diluted share in the prior year period.
• Consolidated Adjusted EBITDA for the quarter was $63.5 million, compared to $74.0 million in the prior year.

Energy Recovery reported strong second-quarter results, with revenue exceeding the upper end of guidance at $27.2 million. The company experienced a slight decrease in gross margin due to higher manufacturing costs and an increase in operating expenses due to strategic investments. Despite a net loss of $0.6 million, the adjusted EBITDA was $5.2 million.

• Revenue reached $27.2 million, surpassing the guidance range of $20 - $25 million.
• Gross margin was 64.6%, a slight decrease of 80 bps compared to Q2 2023.

Central Pacific Financial Corp. reported a strong second quarter with net income of $15.8 million, or $0.58 per diluted share. Key contributors included NIM expansion of 14 bps, core deposit growth and improvement in net charge-offs. The company maintained solid liquidity and grew capital levels.

• Net income was $15.8 million, or $0.58 per diluted share, an increase of 22.2% compared to the previous quarter.
• Net interest margin of 2.97% increased by 14 bps from the previous quarter.

NETGEAR reported Q2 2024 net revenue of $143.9 million, exceeding the high end of guidance. The company completed its destocking of channel inventory, reducing it by approximately $30 million, and achieved its fourth consecutive quarter of free cash flow generation. Key leadership changes included the appointment of a new Board member and the hiring of a President for the B2B business unit.

• Net revenue for Q2 2024 was $143.9 million, a decrease of 17.0% compared to the prior year.
• GAAP operating loss for Q2 2024 was $46.9 million, or (32.6)% of net revenue.

Ethan Allen reported its Q4 2024 results, showing a decrease in net sales but maintaining a strong gross margin. The company generated strong cash flow, increased its regular quarterly cash dividend, and invested in its Interior Design Destination initiative.

• Consolidated net sales decreased by 10.0% to $168.6 million.
• Retail net sales were lower by 7.1% at $145.1 million, while wholesale net sales decreased by 20.3% to $91.2 million.

Preformed Line Products reported a decrease in net sales and net income for the second quarter of 2024, primarily due to reduced spending in the communications sector. Cost reduction activities helped maintain solid financial results amidst the slowdown.

• Net sales decreased by 24% to $138.7 million compared to Q2 2023.
• Net income was $9.4 million, or $1.89 per diluted share, compared to $20.5 million, or $4.08 per diluted share, for the same period last year.

Whitestone REIT announced strong Q2 2024 results, featuring a 6.6% increase in Same Store Net Operating Income, GAAP leasing spreads of 33% on new leases and 14% on renewal leases. The portfolio's annualized base rent per square foot increased by 5%, and occupancy reached 93.5%. The company reiterated its 2024 Core FFO per share guidance, projecting an 11% year-over-year growth at the midpoint.

• Same Store Net Operating Income increased by 6.6%.
• GAAP leasing spreads were 33% on new leases and 14% on renewal leases.

EZCORP reported a strong third quarter with record Q3 revenues and the highest level of PLO in company history. Total revenues increased by 10%, and pawn loans outstanding rose by 14%. The company expanded its footprint by adding twelve new stores and demonstrated its commitment to returning capital to shareholders by repurchasing $3.0 million worth of shares.

• Pawn loans outstanding (PLO) increased 14% to $261.7 million.
• Total revenues increased 10% and gross profit increased 12%, with merchandise sales gross margin at 36%.

Herbalife reported a 2.5% decrease in net sales, totaling $1.3 billion, but achieved growth on a constant currency basis. The adjusted EBITDA of $180.0 million exceeded expectations, with a margin increase of 120 basis points year-over-year. The company is focused on driving shareholder value and reducing total leverage.

• Net sales were $1.3 billion, a decrease of 2.5% compared to Q2 2023.
• Net income reached $4.7 million, with an adjusted net income of $54.8 million.

Monro, Inc. reported a decrease in sales by 10.3% to $293.2 million compared to the previous year. Despite the sales decrease, the gross margin expanded by 220 basis points. The company's diluted EPS was $0.19, and adjusted diluted EPS was $0.22. Monro generated $26 million in cash from operating activities.

• Gross margin expanded by 220 basis points.
• Diluted EPS was $0.19, while adjusted diluted EPS reached $0.22.

MediaAlpha announced outstanding second quarter 2024 financial results, demonstrating the strength of its business model and solid execution. The company reported a 110% year-over-year increase in revenue, reaching $178.3 million. Transaction Value increased by 156% year-over-year to $321.8 million, with significant growth in the Property & Casualty insurance vertical.

• Revenue increased by 110% year-over-year to $178.3 million.
• Transaction Value increased by 156% year-over-year to $321.8 million.

Carriage Services reported a 4.8% increase in revenue to $102.3 million, driven by a 31.1% increase in consolidated cemetery preneed sales and a 4.0% increase in consolidated funeral average. Adjusted diluted EPS increased by 18.9% to $0.63. The company increased its full-year 2024 guidance for total revenue, adjusted consolidated EBITDA, and adjusted diluted EPS.

• Consolidated cemetery preneed sales increased by 31.1%.
• Consolidated funeral average increased by 4.0%.

Sturm, Ruger & Company reported a decrease in net sales and diluted earnings for the second quarter of 2024 compared to the same period in 2023. Despite the decline in overall firearms market demand, the estimated sell-through of Ruger's products increased, driven by demand for new products. The company's reorganization efforts led to an increase in production compared to the first quarter.

• Net sales for the second quarter of 2024 were $130.8 million, compared to $142.8 million for the same period in 2023.
• Diluted earnings per share for the second quarter of 2024 were 47¢, compared to 91¢ for the corresponding period in 2023.

LSB Industries reported net sales of $140 million and a net income of $10 million for the second quarter ended June 30, 2024. The company repurchased approximately 0.8 million shares of common stock and $64 million in principal amount of Senior Secured Notes during the quarter. They also signed a five-year agreement to supply low carbon ammonium nitrate solution (ANS) to Freeport Minerals Corporation.

• Net sales were $140 million compared to $166 million in the second quarter of 2023.
• Net income was $10 million compared to $25 million in the second quarter of 2023.

Cross Country Healthcare's second quarter results were in line with expectations, reflecting their ability to execute in a challenging environment for core nurse and allied. The company reported revenue of $339.8 million, a net loss attributable to common stockholders of $16.1 million, and adjusted EPS of $0.10.

• Physician Staffing and Homecare Staffing experienced sequential and year-over-year revenue growth
• Generated $82.4 million of cash flows from operations for Q2 2024, primarily driven by strong collections

Standard BioTools reported revenue of $37.2 million for Q2 2024. The company is focused on optimizing cost structure and accelerating merger synergies, expecting to operationalize $80 million in cost reductions by the end of 2024. They are on track to achieve adjusted EBITDA break-even for the full year 2026 and have a current balance sheet of $396 million in cash, cash equivalents, restricted cash, and short-term investments.

• Revenue was $37 million in the second quarter, up 34% year-over-year, reflecting the impact of SomaScan assay services, kits and related revenue.
• Cash, cash equivalents, restricted cash and short-term investments at June 30, 2024 were $396 million, reflecting payment in the second quarter of $38 million of expenses related to the merger with SomaLogic, Inc. and the completed repurchases of the Company’s common stock in the second quarter.

TETRA Technologies reported a 14% sequential increase in revenue to $172 million and a 32% sequential increase in Adjusted EBITDA to $30.2 million. The company secured a three-well deepwater TETRA CS Neptune fluids project in the Gulf of Mexico. Net income was $7.6 million, or $0.06 per share, and adjusted free cash flow was $9.4 million.

• Secured a three-well deepwater TETRA CS Neptune fluids project in the Gulf of Mexico.
• Second quarter revenue of $172 million increased 14% sequentially.

New York Mortgage Trust reported a net loss attributable to common stockholders of $26.03 million for Q2 2024. However, adjusted interest income increased by 63% compared to the same period in 2023, reaching $84.02 million. The company is focused on raising current income and optimizing expenses in the second half of 2024, leveraging excess liquidity.

• Net loss attributable to Company's common stockholders was $(26.03) million, or $(0.29) per share.
• Adjusted Interest Income increased to $84.02 million, a 63% increase from the same period in 2023.

Surmodics reported a decrease in total revenue, primarily due to a significant drop in license fee revenue from the SurVeil DCB. However, excluding this license fee revenue, total revenue increased by 10%. The company experienced a GAAP net loss compared to a net income in the prior-year period, and operating costs increased due to merger-related charges.

• Total revenue was $30.3 million, a 42% decrease compared to the prior-year period, which included $24.6 million in SurVeil DCB license fee revenue.
• Excluding SurVeil DCB license fee revenue, total revenue increased by 10% year-over-year.

Titan International, Inc. reported solid financial results for the second quarter ended June 30, 2024, with adjusted EBITDA of $49 million and free cash flow of $53 million, despite a cyclical trough in the industry. The company's strategic acquisition of Carlstar in February has bolstered its aftermarket capabilities, helping to offset slowing sales of new equipment.

• Achieved adjusted EBITDA of $49 million.
• Generated free cash flow of $53 million.

Northwest Pipe Company reported strong second quarter results with record quarterly revenue of $89.5 million in the Steel Pressure Pipe business and strong free cash flow generation of $16.2 million. The SPP segment benefitted from a strong pipeline of bidding opportunities. The company expects the SPP business to remain strong for the rest of 2024.

• Delivered record quarterly revenue of $89.5 million in the Steel Pressure Pipe business.
• Experienced continued strength in the residential side of the Precast business.

Sage Therapeutics reported $7.4 million in ZURZUVAE collaboration revenue, a 19% increase from Q1 2024. Over 1,400 ZURZUVAE prescriptions were shipped and delivered, nearly doubling from the previous quarter. The company's cash, cash equivalents, and marketable securities totaled $647 million as of June 30, 2024. SAGE-324's clinical development for essential tremor was terminated.

• ZURZUVAE collaboration revenue reached $7.4 million, up 19% from the first quarter.
• Over 1,400 ZURZUVAE prescriptions were shipped and delivered, nearly doubling from the first quarter.

Sunnova reported a revenue increase to $219.6 million and a net loss of $79.7 million for Q2 2024, compared to a net loss of $100.8 million for the same period last year. The company's focus on cash generation and strong margins led to an increase in unrestricted cash. Increased cash generation guidance to $100 million in 2024, $350 million in 2025, and $400 million in 2026

• Unrestricted cash increased by $21.5 million in Q2 2024.
• 161 megawatts of solar power generation and 284 megawatt hours of energy storage under management were added in Q2 2024.

Havertys reported a decrease in sales of 13.4% to $178.6 million and a decrease in EPS to $0.27 compared to $0.70 in the second quarter of 2023. The gross profit margin remained relatively stable at 60.4% compared to 60.5% in the prior year.

• Diluted earnings per share decreased to $0.27 from $0.70 year-over-year.
• Consolidated sales decreased by 13.4% to $178.6 million.

Luxfer reported GAAP net sales of $99.7 million, a 9.7% decrease year-over-year, but a rebound of 11.5% quarter-over-quarter. The company achieved sequential adjusted margin improvement for the past two quarters through operational efficiencies and recognized $5.1 million of legal expense recovery. Due to better performance and legal expense recovery, Luxfer raised its full-year 2024 guidance for Adjusted EBITDA, Adjusted EPS, and Free Cash Flow.

• GAAP Net Sales reached $99.7 million, a 9.7% YoY decline, but an 11.5% QoQ increase.
• Sequential adjusted margin improved for the past two quarters through operational efficiencies.

Regional Management Corp. reported a strong second quarter with net income of $8.4 million and diluted EPS of $0.86, a 37% increase from the prior-year period. Revenue grew by 7% to $143 million, driven by a 5% increase in ending net receivables and an 80 bps increase in total revenue yield. The company maintained expense discipline with an operating expense ratio of 13.8%.

• Net income for the second quarter of 2024 was $8.4 million and diluted earnings per share was $0.86, up 37% from $0.63 in the prior-year period.
• Net finance receivables as of June 30, 2024 were $1.8 billion, an increase of $84.8 million, or 5.0%, from the prior-year period.

JAKKS Pacific reported a decrease in net sales for the second quarter of 2024, primarily due to a lack of new content-related product launches. However, the company's gross margin improved, and they are optimistic about new product launches in the latter half of the year.

• Net sales decreased by 11.0% year-over-year to $148.6 million.
• Gross margin increased by 130 basis points compared to Q2 2023, reaching 32.0%.

MISTRAS Group reported strong Q2 2024 results with a 7.8% increase in revenue, significant growth in gross profit and adjusted EBITDA, and a reduction in SG&A expenses. Net income reached $6.4 million, and the company is optimistic about achieving one of its all-time high-performance years for adjusted EBITDA in fiscal 2024.

• Revenue increased by 7.8% driven by growth across all industries.
• Gross profit rose by 12.9% with gross profit margin expanding by 140 basis points.

Orange County Bancorp reported a net income of $8.2 million, or $1.46 per share, for the second quarter of 2024. This compares to a net income of $9.1 million, or $1.61 per share, for the same period last year. The decrease in earnings per share was primarily due to increases in the provision for credit losses and non-interest expense, offset by increases in net interest income and non-interest income.

• Net Interest Income increased by 6.7% to $24.1 million.
• Net Interest Margin grew by 29 basis points to 4.10%.

Rimini Street reported a decrease in revenue and a shift to an operating loss in Q2 2024. Revenue was $103.1 million, a 3.1% decrease year-over-year. The company incurred a net loss of $1.1 million, compared to a net income of $4.3 million in the same period last year. Reorganization costs impacted the financial results.

• Revenue decreased by 3.1% year-over-year to $103.1 million.
• The company experienced an operating loss of $(0.8) million, compared to an operating income of $10.3 million in the same period last year.

Vanda Pharmaceuticals reported a net loss of $4.5 million for Q2 2024, compared to a net income of $1.5 million in Q2 2023. However, total revenues increased by 10% to $50.5 million compared to Q2 2023.

• Total revenues for Q2 2024 were $50.5 million, a 10% increase compared to Q2 2023.
• Fanapt® net product sales were $23.2 million, a 4% decrease compared to Q2 2023.

Pulmonx reported record worldwide revenue of $20.8 million for Q2 2024, a 21% increase year-over-year. U.S. revenue grew by 26% to $13.9 million. The company maintained a gross margin of 74%.

• Achieved record worldwide revenue of $20.8 million, a 21% increase year-over-year.
• U.S. revenue reached $13.9 million, a 26% increase year-over-year.

Fulcrum Therapeutics reported financial results for Q2 2024, with a net income of $55.4 million primarily due to an $80.0 million upfront payment from Sanofi. The company is on track to report topline data for the Phase 3 REACH trial of losmapimod by the end of October 2024 and continues to advance its Phase 1b PIONEER trial of pociredir.

• On track to report topline data for Phase 3 REACH trial of losmapimod in FSHD by the end of October 2024.
• Entered into a collaboration and ex-U.S. license agreement with Sanofi for the development and commercialization of losmapimod.

Gran Tierra Energy Inc. reported a net income of $36 million for the second quarter of 2024, driven by strong production results and continued exploration success. The company's strategic tax planning and share repurchase program further contributed to its financial performance.

• Achieved a net income of $36 million in the second quarter of 2024.
• Increased total average WI production to 32,776 BOPD, a 4% increase in production per share from the second quarter of 2023.

SEACOR Marine reported consolidated operating revenues of $69.9 million for Q2 2024, with an operating loss of $3.9 million and direct vessel profit of $20.3 million. The results reflect a decrease in operating income and DVP margin compared to the previous year, primarily due to increased drydocking and major repair expenses.

• Revenues increased by 2.3% compared to Q2 2023 and 11.3% compared to Q1 2024.
• Average day rates increased by 25.5% to $19,141 compared to Q2 2023.

Braemar Hotels & Resorts reported a net loss attributable to common stockholders of $(21.9) million or $(0.33) per diluted share for the quarter. Comparable RevPAR for all hotels decreased 1.5% over the prior year quarter to $305. The Company ended the quarter with cash and cash equivalents of $120.3 million.

• Comparable RevPAR for all hotels decreased 1.5% over the prior year quarter to $305.
• Net loss attributable to common stockholders for the quarter was $(21.9) million or $(0.33) per diluted share.

Amwell reported Q2 2024 financial results, showing progress in U.S. Military Health System deployment and improved adjusted EBITDA outlook due to cost alignment efforts. The company reiterated its 2024 revenue and visit guidance.

• Total Revenue was $62.8 million.
• Subscription revenue was $27.5 million.

Biomea Fusion reported a net loss of $37.3 million for the second quarter of 2024. The company is focused on resolving the clinical hold for BMF-219 in diabetes and advancing its BMF-500 program. Topline readouts for COVALENT-111 and COVALENT-112 are expected in Q4 2024.

• COVALENT-111 Phase 2b topline readout is on track for Q4 2024.
• COVALENT-112 Phase 2a topline readout is on track for Q4 2024.

Paysign reported a strong second quarter with a 29.8% increase in revenue and a 95.8% increase in adjusted EBITDA. Growth was driven by the plasma donor compensation business and the patient affordability business. The company is raising its full-year guidance due to this outperformance.

• Revenues grew by 29.8% year-over-year.
• Adjusted EBITDA increased by 95.8% year-over-year.

Stoneridge reported strong second-quarter results, driven by improved margins and operational excellence. The company saw sales of $237.1 million and EPS of $0.10, with adjusted EPS at $0.17. Gross profit reached $53.7 million, and operating income was $3.4 million.

• Sales reached $237.1 million.
• Gross profit was $53.7 million, representing 22.7% of sales.

Magnachip reported Q2 2024 financial results with consolidated revenue of $53.2 million and a gross profit margin of 21.8%. The Standard Products Business saw an 11.6% sequential increase in revenue and a gross profit margin of 23.1%. The company ended the quarter with $132.5 million in cash and repurchased approximately 0.5 million shares for $2.3 million.

• Q2 consolidated revenue was $53.2 million, exceeding the mid-point of the guidance range.
• Standard product business revenue increased by 11.6% sequentially.

Everspin Technologies reported Q2 2024 financial results with revenue of $10.6 million, aligning with expectations. However, the company experienced a GAAP net loss of $2.5 million, or $0.12 per basic share, contrasting with the previous year's net income of $3.9 million, or $0.18 per diluted share.

• Total revenue reached $10.6 million, down from $15.7 million in Q2 2023.
• MRAM product sales totaled $9.9 million, compared to $13.4 million in the prior year.

LivePerson's Q2 2024 results showed a total revenue of $79.9 million, an 18.1% decrease compared to the same period last year. The company signed 37 deals, including 9 new customers and 1 seven-figure deal. Net income was $41.8 million, or $0.47 per share, compared to $10.8 million, or $0.14 per share, for the second quarter of 2023.

• Total revenue was $79.9 million, an 18.1% decrease year-over-year.
• Signed 37 deals, including 9 new customers and 1 seven-figure deal.

Office Properties Income Trust reported their financial results for the quarter ended June 30, 2024.

• OPI is a national REIT focused on owning and leasing office properties.
• As of June 30, 2024, approximately 61% of OPI's revenues were from investment grade rated tenants.

GEN Restaurant Group reported a 15.9% increase in total revenue to $53.9 million for the second quarter of 2024. The company's net income was $2.1 million, with adjusted EBITDA at $4.9 million. The company opened one new location and is increasing its guidance to open 10 to 11 new locations by the end of 2024.

• Total revenue increased by 15.9% to $53.9 million compared to the second quarter of 2023.
• Income from operations was $1.6 million, representing 3.0% of revenue.

Sixth Street Specialty Lending, Inc. reported a strong second quarter, driven by the core earnings power of its portfolio and higher interest rates. The company declared a third quarter base dividend of $0.46 per share and a second quarter supplemental dividend of $0.06 per share.

• Net investment income was $0.59 per share, and net income was $0.51 per share.
• Adjusted net investment income was $0.58 per share, and adjusted net income was $0.50 per share, excluding the impact of capital gains incentive fee expenses.