Reports

Arista Networks delivered strong financial performance in Q4 2024, exceeding guidance with a 25.3% YoY revenue increase and solid profitability. Growth was driven by continued demand in AI networking and enterprise expansion.

• Revenue grew 25.3% YoY to $1.93B, surpassing expectations.
• Net income increased by 30.5% YoY to $801.0M.

Medtronic reported revenue growth of 2.5% YoY, with strong performance in Pulsed Field Ablation, Neuromodulation, and Diabetes. Adjusted EPS grew 7% YoY, driven by operating margin expansion. The company reiterated its full-year guidance.

• Revenue grew 2.5% YoY to $8.29 billion (+4.1% organic).
• Adjusted EPS increased 7% YoY to $1.39.

Constellation Energy reported a GAAP Net Income of $2.71 per share and Adjusted (non-GAAP) Operating Earnings of $2.44 per share for Q4 2024. The company affirmed its full-year 2025 Adjusted (non-GAAP) Operating Earnings guidance range of $8.90 - $9.60 per share. They also entered a definitive agreement to acquire Calpine Corporation.

• GAAP Net Income was $2.71 per share, and Adjusted (non-GAAP) Operating Earnings were $2.44 per share for Q4 2024.
• Affirmed full-year 2025 Adjusted (non-GAAP) Operating Earnings guidance range of $8.90 - $9.60 per share.

Cadence achieved significant revenue growth of 26.89% YoY, with net income increasing by 5.04%. The company recorded a historic backlog of $6.8 billion and maintained strong profitability, with a non-GAAP operating margin of 46.0%.

• Revenue grew 26.89% YoY to $1.356 billion.
• Record backlog of $6.8 billion, reflecting strong demand.

Occidental delivered strong operational results with record production of 1,463 Mboed, exceeding guidance. However, a $1.1 billion environmental liability charge led to a net loss of $297 million. Adjusted EPS increased to $0.80, supported by solid oil and gas performance and cash flow. The company met its debt repayment target of $4.5 billion and announced $1.2 billion in divestitures.

• Net loss of $297 million due to a $1.1 billion environmental liability charge.
• Adjusted EPS increased to $0.80, up 8.1% YoY.

Vulcan Materials achieved strong financial performance in Q4 2024, with revenue reaching $1.85 billion and net income increasing by 29.5% YoY. Adjusted EBITDA rose 15.5% YoY, driven by pricing strength and cost efficiencies, while aggregates gross profit per ton saw double-digit growth. The company remains well-positioned for 2025 with favorable market conditions and strategic acquisitions.

• Revenue increased to $1.85 billion, up 1.1% YoY.
• Net income grew by 29.5% YoY to $294 million.

Entergy's revenue grew slightly by 0.64% YoY to $2.74 billion, while net income fell by 71.04% YoY due to a prior-year tax benefit. Adjusted EPS surged 153.85% YoY to $0.66, driven by strong operational efficiency. Operating income improved to $669.62 million, reflecting a higher margin.

• Revenue increased slightly to $2.74 billion (+0.64% YoY).
• Net income declined 71.04% YoY due to prior-year tax benefits.

CoStar Group delivered its 55th consecutive quarter of double-digit revenue growth, with Q4 revenue reaching $709.4 million (+10.81% YoY). However, net income declined by 37.96% YoY to $59.8 million, impacted by increased marketing and development expenses. The company remains optimistic about 2025, with revenue guidance set between $2.985 billion and $3.015 billion.

• Q4 revenue increased 10.81% YoY to $709.4 million.
• Net income declined 37.96% YoY to $59.8 million.

EQT Corporation's Q4 2024 revenue declined year-over-year, but strong production and cost efficiencies helped maintain profitability. The company achieved higher free cash flow and improved operating margins.

• Revenue decreased by 20.46% YoY, reflecting lower natural gas prices.
• Net income declined 16.66% YoY but remained positive at $418.40M.

Baidu's Q4 2024 revenue decreased by 2% YoY to ¥34.124 billion, mainly due to a 7% decline in online marketing revenue. However, AI Cloud business showed strong growth, increasing by 26% YoY. Net income doubled YoY, driven by favorable FX gains and lower investment losses. Operating income declined 27% due to increased costs and one-time losses.

• Total revenue fell 2% YoY, primarily due to a decline in online marketing.
• AI Cloud revenue surged 26% YoY, driving non-online marketing revenue growth.

Devon Energy posted $4.40B in revenue for Q4 2024, a 6.22% YoY increase. However, net income declined 44.53% YoY to $639M, impacted by rising expenses and derivative losses. Adjusted EPS came in at $1.16, down from $1.81 in Q4 2023. The company’s free cash flow was $738M, while total assets stood at $30.49B.

• Revenue grew 6.22% YoY, reaching $4.40B.
• Net income declined 44.53% YoY to $639M due to increased expenses.

James Hardie posted net sales of $953 million, down 3% year-over-year. GAAP operating income was $206 million, with an operating margin of 21.6%. Net income declined to $142 million, while adjusted net income fell 15% to $154 million. Adjusted EBITDA was $262 million, reflecting a 7% decline, with a margin of 27.5%. The company reaffirmed its FY25 guidance and remains confident in its long-term growth strategy.

• Net sales declined by 3% to $953 million.
• GAAP net income decreased to $142 million.

IFF's Q4 2024 revenue increased by 3% YoY to $2.77 billion, driven by broad-based growth across all divisions. However, the company reported a net loss of $46 million, with an operating margin of 17.0%, reflecting reinvestments and cost pressures. Adjusted EPS was $0.97.

• Revenue grew by 3% YoY to $2.77 billion.
• Net loss of $46 million, a significant improvement from Q4 2023.

Watsco achieved a 9% YoY revenue increase, driven by strong HVAC equipment sales. Operating income grew 26%, and net income rose 17%. The company also expanded its gross and operating margins while maintaining a debt-free balance sheet.

• Record Q4 revenue of $1.75 billion (+9% YoY).
• Net income grew 17% to $96.84 million.

RB Global saw a 10% YoY increase in total revenue, reaching $1,141,600,000 in Q4 2024. Net income rose 41% to $118,400,000, with adjusted EPS growing 16% to $0.95. Service revenue grew 8%, while inventory sales revenue increased 15%, highlighting strong sector performance.

• Total revenue increased by 10% YoY, reaching $1,141,600,000.
• Net income grew 41% YoY to $118,400,000.

Genuine Parts Company saw Q4 revenue rise by 3.3% YoY, reaching $5.77 billion, primarily driven by acquisitions. However, net income fell sharply by 57.98% due to restructuring and inventory write-downs. Adjusted EPS declined by 28.76%. The company continues restructuring efforts into 2025 while targeting operational efficiency improvements.

• Q4 revenue increased by 3.3% YoY, reaching $5.77 billion.
• Net income dropped 57.98% YoY due to restructuring costs and inventory rebranding.

IHG saw a solid quarter with system-wide RevPAR growth of 4.6% year-over-year. The company expanded its system size with a net addition of 40,922 rooms, reflecting strong demand across its portfolio. Despite challenges in Greater China, overall performance remained robust with improvements in both occupancy and ADR.

• System-wide RevPAR increased by 4.6% YoY, with ADR rising by 2.5%.
• System size grew by 4%, adding 40,922 net rooms.

Expeditors International of Washington, Inc. reported a 30% year-over-year revenue increase to $2.95 billion in Q4 2024. Net income grew 49% to $236 million, while operating income surged 51% to $301 million. EPS rose 54% to $1.68. Strong demand in Asia and e-commerce-driven airfreight helped drive performance.

• Revenue increased 30% year-over-year to $2.95 billion.
• Net income grew 49% to $236 million.

Toll Brothers reported a decrease in revenue and net income for Q1 2025, impacted by impairments and delayed joint venture sales. Despite these challenges, contract signings grew significantly, reflecting ongoing demand for luxury homes.

• Revenue declined 4.71% YoY to $1.84 billion.
• Net income dropped 25.84% YoY to $177.7 million.

Allegion achieved a 5.4% revenue increase in Q4 2024, driven by pricing and volume growth. The Americas segment led growth, while international operations saw slight declines in organic revenue. Operating margin improved to 19.5%, and adjusted EPS increased by 10.7% YoY.

• Revenue increased by 5.4% YoY to $945.6M.
• Net income grew 21.5% YoY to $144.1M.

Penumbra's Q4 2024 revenue grew 10.8% YoY to $315.52 million, driven by strong U.S. thrombectomy sales (+27.3% YoY). Net income decreased by 37.85% YoY to $33.68 million. Gross margin improved to 66.8%, while operating margin expanded to 13.6%. International revenue declined 16.5% YoY due to lower sales in China.

• Revenue increased 10.8% YoY to $315.52 million.
• U.S. thrombectomy sales surged 27.3% YoY, while international revenue declined 16.5%.

Celanese Corporation reported a net loss of $1.911 billion for the fourth quarter of 2024, a significant decline from a net income of $120 million in the previous quarter and $701 million in the same period last year. This was largely driven by a $2.0 billion impact from Certain Items, predominantly non-cash asset impairment charges. Net sales decreased by 10% sequentially to $2.4 billion, impacted by volume and price declines, and challenging demand in key end-markets.

• Net sales for Q4 2024 were $2.370 billion, a 10% sequential decrease.
• The company reported a net loss of $1.911 billion for Q4 2024, compared to net earnings of $120 million in Q3 2024.

Shift4 delivered a record Q4 2024 with a 49% YoY increase in end-to-end payment volume, reaching $47.9 billion. Revenue grew 26% YoY, and net income surged over 625%. The company expanded into new geographies and secured major hospitality and sports partnerships.

• End-to-end payment volume hit a record $47.9 billion, up 49% YoY.
• Gross revenue grew to $887.0 million, a 26% YoY increase.

Fluor Corporation posted revenue of $4.26 billion in Q4 2024, reflecting a 12% YoY growth. Net income surged to $1.86 billion, primarily due to a $1.6 billion gain from the NuScale investment deconsolidation. Adjusted EPS was $0.48. New awards totaled $2.3 billion, significantly lower than the prior year's $7.6 billion.

• Revenue increased 12% YoY to $4.26 billion.
• Net income reached $1.86 billion, driven by a $1.6 billion gain from NuScale deconsolidation.

Flowserve achieved $1.18 billion in revenue for Q4 2024, marking a 1.3% year-over-year increase. Adjusted EPS rose to $0.70, and operating margin improved by 120 basis points. Bookings grew by 12.6%, and the company ended the quarter with a $2.79 billion backlog. Strong aftermarket activity and nuclear power awards supported growth.

• Revenue increased by 1.3% YoY, reaching $1.18 billion.
• Net income grew 23.8% YoY to $77.54 million.

Matador Resources achieved record quarterly production and revenue in Q4 2024. The company reported a 30% year-over-year increase in total oil-equivalent production and a 34% increase in oil production. Net income reached $214.5 million, with adjusted net income of $229.9 million. Free cash flow grew significantly, supporting a 25% dividend increase. Operational efficiencies and the integration of recent acquisitions contributed to improved financial performance.

• Record quarterly production of 201,116 BOE per day, a 30% increase from Q4 2023.
• Net income of $214.5 million and adjusted net income of $229.9 million.

XP Inc. delivered solid financial results in Q4 2024, with a 10% year-over-year increase in gross revenue, reaching R$4.725 billion. Adjusted net income rose 16% to R$1.21 billion, driven by a record efficiency ratio of 34.7%. Retail revenue grew 13% year-over-year, supported by strength in fixed income and cards. Operating efficiency and strategic expansion contributed to profitability improvements.

• Gross revenue increased by 10% YoY to R$4.725 billion.
• Adjusted net income rose 16% YoY to R$1.21 billion.

Waystar Holding Corp delivered strong financial performance in Q4 2024, with revenue increasing 18% year-over-year to $244.1 million. Net income reached $19.1 million, while non-GAAP net income stood at $52.1 million. The company reported a net income margin of 8% and an adjusted EBITDA margin of 41%. Revenue growth was driven by subscription and volume-based segments, both increasing significantly compared to the prior year.

• Revenue grew 18% year-over-year to $244.1 million.
• Net income reached $19.1 million with a margin of 8%.

Valmont Industries reported a 2.1% year-over-year increase in net sales, reaching $1.04 billion. Operating income surged by 88.8% to $120.0 million, and diluted EPS increased significantly to $3.84. Strong operational efficiencies and pricing strategies contributed to improved profitability.

• Net sales grew 2.1% to $1.04 billion.
• Operating income increased 88.8% to $120.0 million.

Element Solutions Inc delivered a robust Q4 2024 with net sales rising 9% to $624 million. The company reported a net income of $55 million, with GAAP EPS at $0.23 and adjusted EPS at $0.35. Adjusted EBITDA grew 8% to $130 million. The Electronics segment led growth with a 14% sales increase, while the Industrial & Specialty segment saw modest growth. Despite a decrease in net income, the company remains optimistic about future performance and expects steady demand in 2025.

• Q4 2024 net sales increased 9% year-over-year to $624 million.
• Electronics segment sales grew 14% to $401 million, while Industrial & Specialty rose 1% to $223 million.

Ternium's Q4 2024 results showed a 21.4% YoY revenue decline to $3.88B, with net income at $333M, including a $404M provision reversal. Adjusted EPS was -$0.42 per ADS, reflecting a challenging steel market. The company expects a slight EBITDA improvement in Q1 2025 due to lower costs and stable shipments.

• Revenue declined 21.4% YoY to $3.88B due to lower steel prices and weaker demand.
• Net income was $333M, but adjusted net loss was $71M, excluding a $404M provision reversal.

Comstock Resources reported a net loss of $55.3 million for Q4 2024, with total revenues of $366.5 million. The company's production costs per Mcfe averaged $0.72, and it achieved an adjusted EBITDAX of $252.2 million.

• Natural gas and oil sales, including realized hedging gains, totaled $336 million.
• Operating cash flow was $223 million or $0.76 per share.

Axsome Therapeutics posted a 66% YoY increase in revenue, reaching $118.77 million in Q4 2024. Auvelity sales surged 89%, while Sunosi revenue grew 16%. Despite higher R&D and SG&A expenses, the company reduced its net loss compared to Q4 2023. Axsome remains focused on advancing its late-stage pipeline, with upcoming NDA submissions and the anticipated launch of Symbravo.

• Revenue increased 66% YoY to $118.77 million.
• Auvelity sales grew 89% YoY, reaching $92.61 million.

Magnolia Oil & Gas Corporation reported Q4 2024 net income of $88.7 million, down 22% year-over-year. Revenue increased slightly to $326.61 million, with growth in oil and natural gas liquids revenue. Adjusted EPS was $0.49, reflecting a decrease from the prior year. Production volume increased by 9%, with strong performance in Giddings.

• Net income decreased by 22% to $88.7 million.
• Revenue increased slightly to $326.61 million.

Sonoco posted Q4 2024 revenue of $1.36 billion, up 2% year-over-year. The company reported a GAAP net loss of $43 million due to acquisition-related costs, but adjusted net income was $100 million. Adjusted EPS came in at $1.00. Operating profit declined to $56 million, while adjusted EBITDA increased 4.6% to $247 million.

• Q4 revenue increased 2% to $1.36 billion, driven by volume growth and the Eviosys acquisition.
• GAAP net loss of $43 million due to acquisition-related costs, while adjusted net income was $100 million.

Rush Enterprises reported Q4 2024 revenue of $2.0 billion, remaining stable compared to the same period last year. Net income declined to $74.8 million, with diluted EPS at $0.91. The company faced weak demand in Class 8 truck sales but saw resilience in vocational and public sector sales. Parts and service sales revenue slightly declined year-over-year. Leasing and rental revenue increased marginally. The company also declared a dividend of $0.18 per share.

• Q4 2024 revenue remained flat at $2.0 billion.
• Net income declined to $74.8 million from $78.0 million in Q4 2023.

Franklin Electric reported Q4 2024 net sales of $485.7 million, a 3% increase year-over-year. However, operating income declined to $43.0 million from $50.8 million in Q4 2023. GAAP EPS was $0.72, down from $0.82 in the prior year. The Energy Systems segment showed the highest growth, while Water Systems remained flat.

• Q4 2024 net sales increased by 3% to $485.7 million.
• Operating income declined to $43.0 million from $50.8 million in Q4 2023.

Liberty Global reported Q4 2024 revenue of $1.1232 billion, marking a 9.7% increase YoY. Earnings from continuing operations surged 169.4% to $2.3342 billion. The company maintained a strong liquidity position with nearly $3 billion in total liquidity and repurchased $700 million in shares. However, operating income and EBITDA faced slight declines due to higher operating expenses.

• Q4 2024 revenue increased 9.7% YoY to $1.1232 billion.
• Earnings from continuing operations surged 169.4% YoY to $2.3342 billion.

Blackbaud's Q4 2024 revenue grew 2.4% year-over-year, with recurring revenue making up 98% of total revenue. However, net income declined due to the impact of the EVERFI divestment and impairment charges. The company maintained a strong operating margin, but profitability was slightly lower compared to last year.

• Total revenue increased by 2.4% year-over-year.
• Recurring revenue accounted for 98% of total revenue, growing by 3.1%.

Compass, Inc. saw a 25.9% YoY revenue growth in Q4 2024, reaching $1.38 billion. The company reduced its net loss to $40.5 million, improved Adjusted EBITDA to $16.7 million, and generated $30.5 million in operating cash flow. Market share increased to 5.06%, with transactions up 24.1%.

• Revenue increased by 25.9% YoY to $1.38 billion.
• Net loss improved to $40.5 million from $83.7 million in Q4 2023.

Tri Pointe Homes reported Q4 2024 revenue of $1.22 billion, a 2% YoY decline. Net income decreased by 3% to $129.2 million, while diluted EPS remained steady at $1.37. The company maintained a solid homebuilding gross margin of 23.3% and ended the quarter with $970 million in cash.

• Revenue declined by 2% YoY to $1.22 billion due to softer seasonal demand.
• Net income fell 3% YoY to $129.2 million.

Genworth Financial reported a net loss of $1 million and adjusted operating income of $15 million in Q4 2024. The company's performance was impacted by losses in its Long-Term Care Insurance segment, while its Enact segment generated strong adjusted operating income of $137 million. The company continued executing share repurchases and reducing debt, maintaining a solid liquidity position.

• Genworth reported a net loss of $1 million in Q4 2024.
• Adjusted operating income was $15 million, with Enact contributing $137 million.

Innospec's Q4 2024 results showed a revenue decline of 6% to $466.8 million. The company reported a net loss of $70.4 million, mainly due to a non-cash settlement charge for a UK pension scheme buyout. Adjusted non-GAAP EPS was $1.41, down from $1.84 in Q4 2023. Cash from operations was $25.7 million, closing the quarter with a net cash position of $289.2 million.

• Total revenue decreased by 6% to $466.8 million.
• Reported GAAP loss per share was $2.80 due to a $155.6 million pension settlement charge.

Chemours saw a 1% YoY revenue decline in Q4 2024, impacted by lower pricing. However, Adjusted EBITDA grew by 2%, supported by cost efficiencies in Titanium Technologies and volume growth in Thermal & Specialized Solutions. Net loss improved to $8 million from $18 million in Q4 2023.

• Revenue declined by 1% YoY to $1.36 billion due to lower pricing (-3%), partially offset by volume growth (+2%).
• Thermal & Specialized Solutions (TSS) achieved record Q4 sales, with Opteon™ Refrigerants growing 23% YoY.

In Q3 FY25, ReNew increased total income driven by operating capacity growth, while net loss widened compared to the prior year period. Adjusted EBITDA improved year over year despite lower power sale revenue.

• Total income rose to 248000000.
• Net loss was 45000000.

Visteon reported Q4 2024 revenue of $939 million, a 5.15% decline YoY. Net income decreased by 66.67% YoY to $122 million due to a smaller non-cash tax benefit. Adjusted EBITDA remained stable at $117 million, with an improved margin of 12.5%.

• Revenue declined 5.15% YoY due to lower customer recoveries.
• Net income dropped 66.67% YoY, mainly due to a smaller tax benefit.

SiriusPoint reported a Q4 2024 net loss of $21.3 million, impacted by strategic repositioning, including a CM Bermuda repurchase transaction and investment write-downs. Despite these challenges, the company saw a 21% increase in gross premiums written for continuing lines and a Core combined ratio of 90.2%. Underlying net income was $44 million, contributing to a full-year total of $304 million, a 14% year-over-year increase.

• Q4 2024 net loss of $21.3 million, mainly due to strategic repositioning.
• Core combined ratio improved to 90.2%, a 3.2 percentage point improvement from last year.

MasterBrand's Q4 2024 net sales decreased 1% year-over-year to $667.7 million, driven by a 6% volume decline and a 4% lower average selling price, partially offset by a 9% increase from the Supreme acquisition. Net income dropped 61% to $14.0 million, primarily due to lower gross profit margins, higher interest expenses, and acquisition-related costs. Adjusted EBITDA declined to $74.6 million, with an adjusted EBITDA margin of 11.2%. Adjusted diluted EPS stood at $0.21, down from $0.35 in Q4 2023.

• Net sales declined by 1% year-over-year to $667.7 million.
• Net income fell by 61% to $14.0 million due to lower gross profit margin and increased costs.

Vesta achieved a 16.5% year-over-year increase in revenue, reaching $65.2 million for Q4 2024. Adjusted NOI and EBITDA margins remained high at 93.5% and 82.7%, respectively. Leasing activity was robust, with 1.6 million square feet leased, driving increased occupancy. The company also closed a $545 million syndicated sustainable credit facility to support future growth.

• Q4 2024 revenue increased by 16.5% year-over-year to $65.2 million.
• Adjusted NOI margin was 93.5%, while EBITDA margin reached 82.7%.

Hillman Solutions delivered strong financial results in Q4 2024, with net sales increasing slightly to $349.6 million. The company significantly reduced its net loss compared to the prior year and maintained its adjusted diluted EPS. Adjusted EBITDA also improved, reflecting operational efficiencies and cost management.

• Net sales increased 0.5% to $349.6 million.
• Net loss narrowed to $1.2 million from $10.1 million in the prior year.

CVR Energy reported a net income attributable to stockholders of $28 million, or $0.28 per diluted share, for the fourth quarter of 2024, a significant decrease from $91 million, or $0.91 per diluted share, in Q4 2023. Total net sales for the quarter were $1,947 million, down from $2,202 million in the prior year's fourth quarter. The Petroleum Segment's performance was notably impacted by reduced crack spreads and throughputs.

• Net income attributable to CVR Energy stockholders decreased to $28 million in Q4 2024 from $91 million in Q4 2023.
• Total net sales for Q4 2024 were $1,947 million, a decline from $2,202 million in Q4 2023.

NeoGenomics saw an 11% increase in revenue to $172 million in Q4 2024, with an adjusted EBITDA of $12 million, up 27%. Net loss widened to $15 million. Gross profit margin improved to 44.9%, while operational expenses increased due to higher compensation and software support fees.

• Revenue grew 11% year-over-year to $172 million.
• Net loss increased to $15 million from $14 million in Q4 2023.

Donnelley Financial Solutions reported Q4 2024 net sales of $156.3 million, a decline of 11.4% year-over-year, primarily due to a reduction in capital markets and investment companies' transactional revenue. Software solutions net sales increased by 10.7%, representing 52.2% of total net sales. The company reported net earnings of $6.3 million and adjusted EBITDA of $31.7 million. Free cash flow for the quarter was $41.3 million.

• Q4 2024 net sales were $156.3 million, an 11.4% decrease from the prior year.
• Software solutions net sales grew 10.7% year-over-year to $81.6 million.

La-Z-Boy Incorporated delivered strong third quarter results, with consolidated sales increasing 4% to $522 million and operating margin improving by 20 basis points. The Retail segment saw an 11% increase in sales, driven by same-store sales growth and acquisitions, while the Wholesale segment also posted sales growth and margin expansion.

• Consolidated delivered sales increased 4% to $522 million compared to the prior year.
• Operating margin on both GAAP and Non-GAAP basis improved by 20 basis points year-over-year.

Perdoceo Education Corporation concluded 2024 with strong fourth-quarter performance, driven by organic growth at CTU and AIUS, and the acquisition of USAHS. The company saw a substantial increase in operating income and revenue for the quarter, alongside growth in total student enrollments.

• Total student enrollments increased by 20.0% compared to December 31, 2023, reaching 41,400 students.
• Fourth quarter operating income surged by 133.2% to $37.2 million, and adjusted operating income increased by 122.9% to $43.2 million.

Star Bulk Carriers Corp. announced its unaudited financial and operating results for the fourth quarter and full year ended December 31, 2024. The company reported a net income of $42.4 million for Q4 2024, an increase from $39.7 million in Q4 2023. TCE revenues also increased to $216.8 million from $191.9 million in the prior year, primarily due to an increase in the average number of vessels in the fleet.

• Net income for Q4 2024 was $42.4 million, up from $39.7 million in Q4 2023.
• TCE Revenues increased to $216.8 million in Q4 2024 from $191.9 million in Q4 2023, driven by an increase in the average number of vessels.

Ingevity's fourth quarter of 2024 saw a significant 20% decrease in net sales, primarily driven by strategic repositioning actions in the Performance Chemicals segment, which involved exiting lower-margin end markets. Despite this, the company reported a substantial 91% increase in adjusted EBITDA, reflecting the benefits of these repositioning efforts and a non-cash inventory charge in the prior year. Net income for the quarter was $16.6 million, with diluted EPS of $0.46.

• Net sales decreased by 20% to $298.8 million in Q4 2024, mainly due to strategic repositioning in the Performance Chemicals segment.
• Adjusted EBITDA surged by 91% to $80.6 million, with the adjusted EBITDA margin reaching 27.0%.

SSR Mining reported a net income of $5.6 million, or $0.03 per diluted share, with adjusted net income of $21.3 million, or $0.10 per diluted share, and generated $56.4 million in free cash flow for Q4 2024. The company produced 124,154 gold equivalent ounces at a consolidated cost of sales of $1,295 per payable ounce and all-in sustaining costs (“AISC”) of $1,857 per payable ounce.

• Q4 2024 production was 124,154 gold equivalent ounces at a consolidated cost of sales of $1,295 per payable ounce and AISC of $1,857 per payable ounce.
• Net income attributable to SSR Mining shareholders was $5.6 million, or $0.03 per diluted share, and adjusted net income was $21.3 million, or $0.10 per diluted share.

The Andersons, Inc. reported a net income attributable to the company of $45 million for the fourth quarter of 2024, an increase from the previous year. Adjusted EBITDA for the quarter was $116.5 million. However, total sales and merchandising revenues decreased to $3.123 billion from $3.213 billion in the prior year's fourth quarter.

• Full year net income attributable to The Andersons was $114 million, or $3.32 per diluted share, and $117 million, or $3.40 per diluted share, on an adjusted basis.
• Fourth quarter net income attributable to The Andersons was $45 million, or $1.31 per diluted share, and $47 million, or $1.36 per diluted share, on an adjusted basis.

Select Water Solutions concluded 2024 with a record-setting fourth quarter, achieving strong financial and operational results. The company reported consolidated revenue of $349 million for Q4 2024 and $1.5 billion for the full year. Water Infrastructure revenue grew 26% year-over-year for the full year, with gross profit up 62%. Operating cash flow remained strong at $235 million for the full year, with $68 million in Q4. The company also announced new long-term contracted Water Infrastructure projects in the Permian and a new water rights and storage partnership in Colorado.

• Generated full year and fourth quarter 2024 consolidated revenue of $1.5 billion and $349 million, respectively.
• Water Infrastructure achieved full year 2024 revenues of $291 million, up 26% year-over-year, with gross profit up 62% year-over-year.

iQIYI's total revenue fell 14% YoY to $906.0M, with operating income declining 63% to $39.1M. The company posted a net loss of $25.9M, primarily due to foreign exchange losses. Membership services revenue dropped 15%, while advertising revenue fell 13%. Despite these declines, iQIYI saw strong subscriber growth at the start of 2025, driven by blockbuster releases.

• Total revenue declined 14% YoY to $906.0M.
• Operating income dropped 63% YoY to $39.1M.

Centerspace announced a net loss of $5.079 million for Q4 2024, with diluted EPS at -$0.31. Total revenues for the quarter were $66.409 million. The company's Core FFO per diluted share was $1.21 for the quarter.

• Net income (loss) per diluted share for Q4 2024 was -$0.31.
• Core FFO per diluted share for Q4 2024 was $1.21.

Brookdale Senior Living Inc. achieved strong financial and operational improvements in Q4 2024, with consolidated revenue per available unit increasing by 5.5%, weighted average occupancy growing by 100 basis points, and Adjusted EBITDA improving by nearly 16% year-over-year, exceeding guidance.

• Fourth quarter consolidated revenue per available unit (RevPAR) increased 5.5% over the prior year quarter, reaching the top end of guidance.
• Consolidated weighted average occupancy grew 100 basis points year-over-year in Q4, driven by strong move-in volume.

Bel Fuse Inc. announced preliminary financial results for Q4 2024, with net sales increasing to $149.9 million from $140.0 million in Q4 2023, and gross profit margin improving to 37.5% from 36.6%. However, the company reported a GAAP net loss of $1.8 million attributable to Bel shareholders, compared to net earnings of $12.0 million in Q4 2023. Non-GAAP net earnings were $19.0 million, slightly down from $19.5 million in Q4 2023. Adjusted EBITDA increased to $30.3 million (20.2% of sales) from $27.3 million (19.5% of sales) in Q4 2023. The acquisition of Enercon was completed, making aerospace and defense Bel's largest end market.

• Net sales increased to $149.9 million in Q4 2024, up from $140.0 million in Q4 2023, with Enercon contributing $20.8 million.
• Gross profit margin improved to 37.5% in Q4 2024, compared to 36.6% in Q4 2023.

BlueLinx reported strong margin performance in Q4 2024, with net sales of $711 million and gross profit of $113 million. Specialty products maintained strong gross margins and volume growth, while structural products saw improved lumber pricing. The company maintained strong liquidity and continued share repurchases.

• Net sales for Q4 2024 were $711 million, a slight decrease of 0.3% year-over-year.
• Gross profit for Q4 2024 was $113 million, with a gross margin of 15.9%.

Bumble Inc. experienced a decline in total revenue by 4.4% to $261.6 million in Q4 2024, with operating earnings at $37.0 million. Despite the revenue decrease, total paying users saw a 5.3% increase, reaching 4.2 million. The company also reported an Adjusted EBITDA of $72.5 million.

• Total Revenue decreased by 4.4% to $261.6 million in Q4 2024, compared to $273.6 million in Q4 2023.
• Operating earnings were $37.0 million, or 14.1% of revenue, in Q4 2024, a significant improvement from an operating loss of $6.9 million in Q4 2023.

The Hackett Group announced strong fourth-quarter 2024 financial results, with total revenue reaching $79.2 million and adjusted diluted earnings per share at $0.47, both exceeding guidance. The company emphasized its strategic investments in Gen AI capabilities, highlighted by the acquisition of LeewayHertz and the upcoming release of AI XPLR version 3, positioning itself as a leader in Gen AI consulting.

• Total revenue for Q4 2024 was $79.2 million, surpassing guidance and increasing from $72.4 million in Q4 2023.
• Adjusted diluted earnings per share for Q4 2024 was $0.47, exceeding guidance and up from $0.39 in Q4 2023.

Great Lakes Dredge & Dock Corporation reported strong Q4 and full year 2024 results, driven by robust project performance. The company ended the year with a substantial dredging backlog of $1.2 billion and an additional $282.1 million in low bids and options pending award.

• Net income for the fourth quarter reached $19.7 million.
• Adjusted EBITDA for the fourth quarter was $40.2 million.

BrightSpire Capital, Inc. reported a GAAP net loss of $19.7 million for Q4 2024, or $0.16 per share. The company achieved Distributable Earnings of $13.7 million and Adjusted Distributable Earnings of $23.7 million, while maintaining liquidity and focusing on resolving watchlist and REO assets.

• GAAP net loss attributable to common stockholders for Q4 2024 was $19.7 million, or $0.16 per share.
• Distributable Earnings for Q4 2024 were $13.7 million, or $0.11 per share.

Gladstone Commercial Corporation reported a net income of $7.193 million for Q4 2024, a decrease of 38.6% from the previous quarter. Total operating revenue was $37.375 million, a 4.7% decrease quarter-over-quarter. Funds from operations (FFO) available to common stockholders and Non-controlling OP Unitholders (diluted) decreased by 5.6% to $15.286 million.

• Net income for Q4 2024 was $7.193 million, a 38.6% decrease from Q3 2024.
• Total operating revenue for Q4 2024 was $37.375 million, down 4.7% from Q3 2024.

TPG RE Finance Trust, Inc. reported a GAAP net income of $6.9 million, or $0.09 per common share, for Q4 2024. The company out-earned its annual common stock dividend rate of $0.96 per share for the full year, maintained a 100% performing loan portfolio, and ended the year with $321 million in cash and near-term available liquidity.

• Recognized GAAP net income attributable to common stockholders of $6.9 million, or $0.09 per common share.
• Generated Distributable Earnings of $7.8 million, or $0.10 per common share, and Distributable Earnings Before Realized Losses of $17.6 million, or $0.22 per common share.

Community Healthcare Trust reported net income of approximately $1.8 million for the three months ended December 31, 2024. The company acquired three properties for $8.2 million and disposed of one property and a land parcel for $1.4 million in net proceeds. They also declared a quarterly common stock dividend of $0.4675 per share.

• Net income for the quarter was approximately $1.8 million, or $0.04 per diluted common share.
• FFO per diluted common share was $0.48 and AFFO per diluted common share was $0.55.

Community Health Systems, Inc. reported a net operating revenue of $3.265 billion for Q4 2024, a 2.6% increase from the previous year. The company experienced a net loss of $70 million, or $(0.53) per diluted share, compared to a net income of $46 million, or $0.35 per diluted share, in Q4 2023. Adjusted EBITDA increased to $428 million from $386 million in the prior year period.

• Net operating revenues increased by 2.6% to $3.265 billion in Q4 2024.
• The company reported a net loss of $70 million, or $(0.53) per diluted share, in Q4 2024.

Semler Scientific reported a transformative year in 2024, driven by its bitcoin treasury strategy. The company achieved strong financial performance in its healthcare business, with income from operations of $20.9 million for the full year. The strategic acquisition of 3,192 bitcoins, valued at approximately $300 million, significantly increased market capitalization by over 200% since May 2024.

• Semler Scientific's BTC Yield for the year ended December 31, 2024, was 107%.
• As of December 31, 2024, Semler Scientific held 2,298 bitcoins with a fair value of $214.6 million, reflecting a cumulative increase in fair value of $24.9 million.

Unisys announced strong financial performance for Q4 and full-year 2024, with full-year gross profit margin up 180 bps YoY and operating profit margin up 100 bps YoY. The company met its full-year revenue guidance and significantly improved operating and free cash flow year over year, driven by new logo signings and operational efficiencies.

• Full-year gross profit margin increased by 180 bps year over year to 29.2%.
• Full-year operating profit margin improved by 100 bps year over year to 4.8%.

Tactile Systems Technology, Inc. delivered a strong performance in Q4 2024, with total revenue increasing by 10% year-over-year to $85.6 million. The company also saw an increase in gross margin to 75% and net income to $9.7 million, demonstrating consistent profitability and operational efficiency.

• Total revenue increased 10% year-over-year to $85.6 million in Q4 2024.
• Gross margin improved to 75% in Q4 2024, up from 72% in Q4 2023.

Arteris, Inc. announced robust financial results for the fourth quarter of 2024, with revenue increasing by 24% year-over-year and Annual Contract Value (ACV) plus royalties reaching a record high of $65.1 million. The company also reported a significant improvement in operating loss and net loss compared to the previous year.

• Revenue for Q4 2024 was $15.5 million, a 24% increase year-over-year.
• Annual Contract Value (ACV) plus royalties reached a record $65.1 million, up 16% year-over-year.

Quad reported fourth quarter 2024 net sales of $708.4 million, a decrease of 10.1% compared to the same period in 2023. Despite the sales decline, the company achieved net earnings of $4.7 million, an improvement from a net loss of $22.0 million in the prior year, primarily due to increased manufacturing productivity and cost reduction initiatives. Adjusted EBITDA for the quarter was $62.6 million.

• Net Sales decreased by 10.1% to $708.4 million in Q4 2024 compared to Q4 2023.
• Net Earnings improved to $4.7 million in Q4 2024 from a Net Loss of $22.0 million in Q4 2023.

Safe Bulkers, Inc. reported a decrease in net revenues and net income for Q4 2024 compared to Q4 2023, primarily due to a weaker charter market and increased operating expenses. Despite this, the company maintained a strong capital structure and declared a cash dividend.

• Net revenues decreased by 13% to $71.5 million in Q4 2024, down from $82.3 million in Q4 2023.
• Net income for Q4 2024 was $19.4 million, a decrease from $27.6 million in Q4 2023.

Industrial Logistics Properties Trust (ILPT) reported its fourth quarter 2024 results, highlighting its portfolio of 411 properties across 39 states, with a significant portion of its rental revenues derived from investment grade tenants.

• ILPT's portfolio consists of 411 properties totaling approximately 59.9 million rentable square feet.
• The properties are located across 39 states.

Medifast announced its fourth quarter and full year 2024 financial results, with Q4 revenue decreasing 37.7% to $119.0 million from $191.0 million in Q4 2023, primarily due to a decrease in active earning OPTAVIA coaches and lower coach productivity. Net income for Q4 2024 was $0.8 million, or $0.07 per diluted share.

• Fourth quarter 2024 revenue decreased 37.7% to $119.0 million.
• Net income for Q4 2024 was $0.8 million, with diluted EPS of $0.07.

Star Holdings reported a net loss of $102.6 million for the fourth quarter of 2024, and a net loss of $86.8 million for the full fiscal year. This was largely driven by a non-cash market-to-market adjustment of $104.8 million related to its investment in Safehold Inc. shares. Despite the overall loss, the company generated a net profit of $12.3 million from the sale of land and improvements at a California property.

• Net income (loss) attributable to common shareholders was ($102.6) million for the fourth quarter.
• Earnings (loss) per share was ($7.70) for the fourth quarter.