WesBanco(WSBC) - 2024 Q4 - Annual Results
2025-01-22 21:29
Financial Results Announcement - Wesbanco, Inc. will release its financial results for the fourth quarter of 2024 after the market close on January 22, 2025[5] - Management will host a conference call to discuss Q4 2024 financial results on January 23, 2025, at 3:00 p.m. ET[5] - The press release announcing the Q4 2024 earnings release and conference call is attached as Exhibit 99.1 to the report[8] Merger Approval and Documentation - The proposed merger with Premier Financial was approved by shareholders of both companies on December 11, 2024[6] - The Form S-4 registration statement, including the joint proxy statement/prospectus, was declared effective on October 28, 2024[6] - Shareholders and interested parties are urged to review the Form S-4 and joint proxy statement/prospectus for important merger details[6] - The Form S-4 and related documents are available for free on the SEC's website and the websites of Wesbanco and Premier Financial[6]
Cohen & Steers(CNS) - 2024 Q4 - Annual Results
2025-01-22 21:26
Contact: Brian Meta Senior Vice President Head of Investor Relations and FP&A Tel (212) 796-9353 COHEN & STEERS REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2024 Fourth Quarter Full Year NEW YORK, NY, January 22, 2025—Cohen & Steers, Inc. (NYSE: CNS) today reported its results for the fourth quarter and year ended December 31, 2024. Financial Highlights | (in thousands, except percentages and per share data) | | | | Three Months Ended | | | | | Years Ended | | | --- | --- | --- | --- | ...
Third st Bancshares(TCBX) - 2024 Q4 - Annual Results
2025-01-22 21:25
Exhibit 99.1 News Release Contact: Ken Dennard / Natalie Hairston Dennard Lascar Investor Relations (713) 529-6600 TCBX@dennardlascar.com Year Over Year Book Value grew 12.8% and Tangible Book Value (1) grew 13.6% • Net income totaled $47.7 million, or $3.14 and $2.78 per basic and diluted share, respectively, for the year ended December 31, 2024, compared to $33.4 million, or $2.11 and $1.98 per basic and diluted share, respectively, for the year ended December 31, 2023. • Total assets increased $546.4 mil ...
CACI(CACI) - 2025 Q2 - Quarterly Results
2025-01-22 21:24
Net income of $109.9 million and diluted EPS of $4.88, up 30% YoY Adjusted net income of $134.2 million and adjusted diluted EPS of $5.95, up 36% YoY EBITDA of $232.9 million and EBITDA margin of 11.1%, up 180 bps YoY RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI), a leading provider of expertise and technology to government customers, announced results today for its fiscal second quarter ended December 31, 2024. Exhibit 99.1 CACI Reports Results for Its Fiscal 2025 Second Quarter and Rai ...
XChange TEC.INC.(XHG) - 2024 Q4 - Annual Report
2025-01-22 21:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...
FLJ (FLJ) - 2024 Q4 - Annual Report
2025-01-22 21:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2024 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ...
Discover Financial Services(DFS) - 2024 Q4 - Annual Results
2025-01-22 21:19
Financial Performance - Net income for Q4 2024 increased by 253% to $1.291 billion compared to Q4 2023[1] - Total revenue net of interest expense for 2024 grew by 13% to $17.910 billion compared to 2023[1] - Basic EPS increased by 252% to $5.11 in Q4 2024 compared to Q4 2023[1] - Total non-interest income grew by 59% to $1.129 billion in Q4 2024 compared to Q4 2023[1] - Digital Banking segment's net interest income increased by 5% to $3,630 million in Q4 2024 compared to Q4 2023[7] - Non-interest income in the Digital Banking segment surged by 68% to $1,001 million in Q4 2024[7] - Total revenue net of interest expense for Digital Banking grew by 14% to $4,631 million in Q4 2024[7] - Payment Services segment's non-interest income rose by 9% to $128 million in Q4 2024[7] Loan and Credit Metrics - Total loan receivables decreased by 6% to $121.118 billion in Q4 2024 compared to Q4 2023[2] - Total Loans decreased by 4% to $120,764 million in Dec 31, 2024 compared to Dec 31, 2023[4] - Credit Card Loans increased by 1% to $101,059 million in Dec 31, 2024 compared to Dec 31, 2023[4] - Private Student Loans decreased by 86% to $1,458 million in Dec 31, 2024 compared to Dec 31, 2023[4] - Credit card loans ending balance increased by 1% to $102,786 million in Q4 2024 compared to $102,259 million in Q4 2023[5] - Private student loans were fully divested, resulting in a 100% decrease to $0 in Q4 2024 compared to $10,352 million in Q4 2023[6] - Personal loans ending balance increased by 5% to $10,314 million in Q4 2024 compared to $9,852 million in Q4 2023[6] - Net principal charge-off rate for personal loans increased by 146 bps to 4.06% in 2024 compared to 2.60% in 2023[6] - Gross principal charge-off rate increased by 163 bps to 5.80% in 2024 compared to 4.17% in 2023[5] - Net principal charge-off dollars increased by 46% to $5,911 million in 2024 compared to $4,042 million in 2023[5] - Delinquency rate (30 or more days) remained stable at 3.48% in 2024 compared to 3.45% in 2023[5] Liquidity and Capital - Total liquidity increased by 18% to $81.993 billion in Q4 2024 compared to Q4 2023[2] - Total equity increased by 26% to $17.926 billion in Q4 2024 compared to Q4 2023[2] - Total Common Equity increased by 28% to $16,870 million in Dec 31, 2024 compared to Dec 31, 2023[3] - Total Risk Based Capital Ratio improved to 16.5% in Dec 31, 2024 from 13.2% in Dec 31, 2023[3] - Tangible Common Equity (TCE) stood at $16,615 million at the end of Q4 2024[12] - Tangible Common Equity per share was $66.10 at the end of Q4 2024[12] Interest and Margin Metrics - Net interest margin improved by 31 basis points to 11.38% in 2024[1] - Net Interest Margin improved to 11.96% in Dec 31, 2024 from 10.98% in Dec 31, 2023[4] - Net Yield on Interest-earning Assets increased to 9.57% in Dec 31, 2024 from 9.30% in Dec 31, 2023[4] - Total Interest-bearing Deposits increased by 2% to $106,720 million in Dec 31, 2024 compared to Dec 31, 2023[4] Asset and Liability Metrics - Total assets decreased by 3% to $147.640 billion in Q4 2024 compared to Q4 2023[2] - Tangible Assets decreased by 3% to $147,385 million in Dec 31, 2024 compared to Dec 31, 2023[3] - Cash and Investment Securities grew by 32% to $29,724 million in Dec 31, 2024 compared to Dec 31, 2023[4] - Average loans increased by 6% to $125,638 million in 2024 compared to $118,311 million in 2023[5] Credit Loss Provisions - Provision for credit losses decreased by 37% to $1.202 billion in Q4 2024 compared to Q4 2023[1] - Provision for credit losses in Digital Banking decreased by 37% to $1,202 million in Q4 2024[7] Payment Services and Transactions - Total transactions processed on networks increased by 5% to 3,440 million in Q4 2024[7] - PULSE Network volume grew by 7% to $84,900 million in Q4 2024[7] - Total payment services volume increased by 4% to $102,416 million in Q4 2024[7] - Discover Card sales volume decreased by 3% to $212,251 million in 2024 compared to $217,914 million in 2023[5]
Mid Penn Bancorp(MPB) - 2024 Q4 - Annual Results
2025-01-22 21:17
PRESS RELEASE Mid Penn Bancorp, Inc. 2407 Park Drive Harrisburg, PA 17110 1-866-642-7736 CONTACTS Rory G. Ritrievi Chair, President & Chief Executive Officer Justin T. Webb Chief Financial Officer MID PENN BANCORP, INC. REPORTS FOURTH QUARTER AND FULL YEAR EARNINGS BEAT AND DECLARES 57TH CONSECUTIVE QUARTERLY DIVIDEND Exhibit 99.1 January 22, 2025 – Harrisburg, PA – Mid Penn Bancorp, Inc. (NASDAQ: MPB) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today repo ...
P&G(PG) - 2025 Q2 - Quarterly Report
2025-01-22 21:16
Segment Performance - Net sales for the Beauty segment accounted for 18% of total company net sales for both the three and six months ended December 31, 2024[81] - The Fabric & Home Care segment contributed 35% of total company net sales for both the three and six months ended December 31, 2024[81] - The Baby, Feminine & Family Care segment represented 24% of total company net sales for the three months ended December 31, 2024, and 23% for the six months ended December 31, 2024[81] - Beauty segment net sales remained unchanged at $3.8 billion, with a 10% decrease in net earnings to $780 million[113][114] - Grooming segment net sales increased by 1% to $1.8 billion, with net earnings up 4% to $459 million[119][120] - Health Care segment net sales grew by 2% to $3.2 billion, with net earnings increasing 5% to $758 million[123][124] - Fabric & Home Care segment net sales rose by 2% to $7.6 billion, but net earnings decreased by 1% to $1.6 billion[112] - Baby, Feminine & Family Care segment net sales increased by 3% to $5.3 billion, with net earnings up 2% to $1.1 billion[112] - Hair Care net sales decreased mid-single digits, with a 0.7-point decline in global market share[116] - Personal Care net sales increased double digits, with a 0.8-point increase in global market share[116] - Skin Care net sales decreased low single digits, with a 0.7-point decline in global market share[116] - Fabric & Home Care net sales increased 2% to $7.6 billion, driven by a 1% unit volume increase and 1% favorable mix[128] - Organic sales for Fabric & Home Care increased 3%, with organic volume up 2% and global market share rising 0.1 points[128] - Oral Care net sales increased low single digits, driven by premium product mix growth, with organic sales up low single digits and global market share increasing 0.2 points[131] - Personal Health Care net sales increased low single digits, with organic sales up low single digits, though global market share decreased 0.1 points[131] - Baby, Feminine & Family Care net sales increased 3% to $5.3 billion, driven by a 4% unit volume increase, with organic sales up 4%[134] - Family Care net sales increased double digits, driven by unit volume growth, with organic sales also up double digits and North America market share increasing 0.3 points[137] Financial Performance - Net sales increased 1% to $43.6 billion, with organic sales up 2%[89] - Net earnings rose 7% to $8.6 billion, driven by a $1.3 billion non-cash impairment charge in the prior year[89] - Diluted EPS increased 8% to $3.49, while Core EPS rose 4% to $3.81[89] - Operating cash flow was $9.1 billion, with adjusted free cash flow at $7.8 billion and productivity at 83%[89] - Net sales for the quarter increased 2% to $21.9 billion, with organic sales up 3%[94] - Operating income surged 30% to $5.7 billion, with operating margin up 550 basis points to 26.2%[97] - Net earnings for the quarter increased 33% to $4.7 billion, with diluted EPS up 34% to $1.88[100] - Gross margin decreased 30 basis points to 52.4% due to unfavorable product mix and higher commodity costs[95] - SG&A spending increased 4% to $5.7 billion, with SG&A as a percentage of net sales up 40 basis points to 26.2%[96] - The effective income tax rate decreased to 20.3% from 22.3% due to favorable geographic mix and higher excess tax benefits[99] - Net earnings increased by $597 million (7%) to $8.6 billion, with a positive foreign exchange impact of $17 million[111] - Total company net sales for the six months ended December 31, 2024, increased by 1% to $43.6 billion, with net earnings up 7% to $8.6 billion[112] - Corporate net earnings increased $1.2 billion to a loss of $24 million, primarily due to a $1.3 billion non-cash impairment charge on the Gillette intangible asset[141] - Operating cash flow decreased by $877 million to $9.1 billion, with working capital and other impacts using $2.2 billion of cash[143] - Adjusted free cash flow for the six months ended December 31, 2024, was $7,771 million, with operating cash flow of $9,127 million and capital spending of $1,918 million[151] - Adjusted free cash flow productivity for the six months ended December 31, 2024, was 83%, with net earnings adjusted to $9,398 million[152] - Core EPS for the three months ended December 31, 2024, was $1.84, compared to $1.40 in the same period of 2023[156] - Core net earnings attributable to P&G increased by 2% for the three months ended December 31, 2024, compared to the prior year[157] - Core net earnings attributable to P&G increased by 4% for the six months ended December 31, 2024, compared to the prior year[160] - Core EPS for the six months ended December 31, 2024, was $3.81, compared to $3.66 in the same period of 2023[162] Restructuring and Impairment Charges - The company completed a limited market portfolio restructuring in Argentina, incurring incremental restructuring charges of approximately $0.8 billion after tax[82] - Total incremental restructuring charges from December 31, 2023, to September 30, 2024, were approximately $1.2 billion after tax[82] - The Company recognized a non-cash, after-tax impairment charge of $1.0 billion related to the Gillette intangible asset[158] Geographic Performance - Greater China, the United Kingdom, Canada, Japan, and Germany collectively comprised approximately 20% of the company's net sales in fiscal 2024[85] - The company's Russia business accounted for less than 2% of consolidated net sales and net earnings in the fiscal year ended June 30, 2024[85] Market Risks and Challenges - The company is exposed to significant foreign exchange impacts due to the weakening of certain foreign currencies versus the U.S. dollar, which negatively affects net sales, net earnings, and cash flows[86] - The company has significant exposure to fluctuations in commodity and input material prices, particularly oil-derived materials like resins and paper-based materials like pulp[87] - The company faces risks from changes in U.S. and foreign government legislative, regulatory, or enforcement policies that can negatively impact net sales, net earnings, and cash flows[88] Organic Sales and Market Share - Organic sales growth for the Total Company was 3% for the three months ended December 31, 2024, with Baby, Feminine & Family Care leading at 4%[150] - Net earnings for Baby, Feminine & Family Care increased 2% to $1.1 billion, despite a 30 basis-point decline in net earnings margin[135]
Alcoa(AA) - 2024 Q4 - Annual Results
2025-01-22 21:15
Revenue and Sales Performance - Revenue increased to $3.5 billion in Q4 2024, a 20% increase sequentially[5] - Full-year 2024 revenue increased 13% to $11.9 billion[5] - Sales for Q4 2024 increased to $3.486 billion, up 20% from $2.904 billion in Q3 2024 and 34% from $2.595 billion in Q4 2023[27] - Full-year 2024 sales reached $11.895 billion, a 13% increase from $10.551 billion in 2023[28] - Sales grew to $3,486 million in Q4 2024, compared to $2,595 million in Q4 2023[45] Net Income and Profitability - Net income increased 124% sequentially to $202 million in Q4 2024[5] - Net income attributable to Alcoa Corporation for Q4 2024 was $202 million, compared to $90 million in Q3 2024 and a loss of $150 million in Q4 2023[27] - Net income attributable to Alcoa Corporation for 2024 was $60 million, a significant improvement from a loss of $651 million in 2023[28] - Net income for 2024 improved to $24 million from a loss of $773 million in 2023[30] - Net income (loss) attributable to Alcoa Corporation for Q4 2024 was $202 million, compared to $90 million in Q3 2024 and a loss of $150 million in Q4 2023[34] - Diluted EPS for Q4 2024 was $0.76, compared to $0.38 in Q3 2024 and a loss of $0.84 in Q4 2023[34] Adjusted EBITDA and Segment Performance - Adjusted EBITDA excluding special items increased 49% sequentially to $677 million in Q4 2024[5] - Adjusted EBITDA excluding special items for FY2024 increased to $1.6 billion[5] - Segment Adjusted EBITDA for 2024 was $2,065 million, compared to $734 million in 2023[31] - Adjusted EBITDA for Q4 2024 was $675 million, compared to $429 million in Q3 2024 and $92 million in Q4 2023[38] - Adjusted EBITDA for the full year 2024 was $1.519 billion, compared to $473 million in 2023[38] Cash Flow and Financial Position - The company ended 2024 with a cash balance of $1.1 billion[11] - Cash and cash equivalents increased to $1.138 billion at the end of 2024, up from $944 million at the end of 2023[29] - Cash from operations increased significantly to $622 million in 2024, up from $91 million in 2023[30] - Free cash flow for Q4 2024 was $246 million, compared to a negative $3 million in Q3 2024 and $10 million in Q4 2023[40] - Cash and cash equivalents as of December 31, 2024, were $1.138 billion, compared to $944 million as of December 31, 2023[41] - Cash and Cash Equivalents rose to $1,138 million in December 2024 from $803 million in December 2023[43] Debt and Liabilities - Long-term debt increased to $2.470 billion in 2024, up from $1.732 billion in 2023[29] - Net debt as of December 31, 2024, was $1.457 billion, compared to $923 million as of December 31, 2023[41] - Total debt as of December 31, 2024, was $2.595 billion, compared to $1.867 billion as of December 31, 2023[41] - Adjusted Net Debt increased to $2,054 million as of December 31, 2024, compared to $1,673 million in the previous year[43] - Net Debt (Net Cash) rose to $1,457 million in December 2024 from $1,033 million in December 2023[43] - Total Debt increased to $2,595 million in December 2024 from $1,836 million in December 2023[43] - Net Pension/OPEB Liability decreased to $597 million in December 2024 from $640 million in December 2023[43] Production and Shipments - Alcoa expects 2025 Alumina segment production to range between 9.5 to 9.7 million metric tons[13] - Aluminum segment production is expected to range between 2.3 and 2.5 million metric tons in 2025[14] - Alumina production decreased to 10,034 kmt in 2024 from 10,908 kmt in 2023[31] - Third-party alumina shipments dropped to 9,005 kmt in 2024 from 8,698 kmt in 2023[31] - Aluminum production increased to 2,215 kmt in 2024 from 2,114 kmt in 2023[31] - Total aluminum shipments grew to 2,590 kmt in 2024 from 2,491 kmt in 2023[31] Pricing and Realized Prices - Average realized third-party price per metric ton of alumina rose to $472 in 2024 from $358 in 2023[31] - Average realized third-party price per metric ton of aluminum increased to $2,841 in 2024 from $2,828 in 2023[31] Expenses and Charges - Research and development expenses for 2024 totaled $57 million, up 46% from $39 million in 2023[28] - Restructuring and other charges for 2024 amounted to $341 million, an 85% increase from $184 million in 2023[28] - Restructuring and other charges for Q4 2024 were $91 million, compared to $30 million in Q3 2024 and a negative $11 million in Q4 2023[34] Capital Expenditures - Capital expenditures for 2024 were $580 million, up from $531 million in 2023[30] - Capital expenditures for Q4 2024 were $169 million, compared to $146 million in Q3 2024 and $188 million in Q4 2023[40] Working Capital and Receivables - Receivables from customers rose to $1.096 billion in 2024, a 67% increase from $656 million in 2023[29] - DWC Working Capital decreased to $1,289 million in Q4 2024 from $1,414 million in Q3 2024[45] - Days Working Capital improved to 34 days in Q4 2024, down from 45 days in Q3 2024[45] - Receivables from customers increased to $1,096 million in Q4 2024, up from $656 million in Q4 2023[45] - Inventories decreased to $1,998 million in Q4 2024 from $2,158 million in Q4 2023[45] Total Assets and Liabilities - Total assets decreased slightly to $14.065 billion in 2024 from $14.155 billion in 2023[29] Operational Tax Expense - Alcoa expects first quarter 2025 operational tax expense to approximate $120 million to $130 million[17] Profitability Improvements - Alcoa implemented $675 million of profitability improvements in 2024, exceeding its $645 million target[11]