New Financial and Strategic Developments
Alcoa (AA) reported a notable improvement in Q4 and full-year 2024 results. Q4 revenue rose 20% to $3.5 billion, with a 124% increase in net income to $202 million. Full-year revenue climbed 13% to $11.9 billion. Key achievements include setting production records and maintaining a strong cash position.
Vertical Aerospace (EVTL) launched a $75 million underwritten public offering to fund research and development of the VX4 and expand testing.
United States Steel (X) plans to release its fourth quarter and full-year 2024 results on January 30, 2025. Following a merger agreement with Nippon Steel, there won't be an earnings call.
Ally Financial (ALLY) announced its fourth quarter and full-year 2024 results, highlighting a strategic shift with the sale of its credit card business for $2.3 billion.
M&T Bank (MTB) revealed a new $4.0 billion share repurchase program, replacing its previous authorization. This move underscores its commitment to capital management.
Comstock (CHCI) has announced a new retail lease with Healthy Baller at Reston Station. The facility, opening in Spring 2025, will offer performance training services, enhancing Reston Station's reputation as a premier mixed-use development. More details here.
Significant Earnings and Financial Milestones
Discover Financial Services (DFS) reported a remarkable Q4 2024 net income of $1.3 billion, a 253% increase year-over-year. Total revenue climbed 14% to $4.759 billion.
First Internet Bancorp (INBK) posted Q4 net income of $7.3 million, reflecting robust growth with a 4.9% increase.
Amerant Bancorp (AMTB) reported a Q4 net income of $16.9 million in stark contrast to its Q3 loss, indicating effective progress in its strategic recovery efforts.
Kinder Morgan (KMI) delivered solid Q4 results, with EPS up 11% and a net income of $667 million. The announcement of a $1.7 billion pipeline project further bolsters its growth prospects.
Steel Dynamics (STLD) reported annual net sales of $17.5 billion, with laid plans for market expansion. Read more.
Strategic Contracts, Launches, and Partnerships
Rocket Lab (RKLB) secured a contract with OroraTech to launch eight satellites for wildfire detection.
WiSA Technologies (WISA) entered a 3-year contract to create tokens for the NFL Alumni, showcasing innovation at the intersection of sports and technology.
Health In Tech (HIT) announced a collaboration with Vitable and MARPAI to launch new self-funded health plans, aiming at reducing costs while improving accessibility. Explore full announcement.
Innovative Business Moves and Strategic Appointments
Wix (WIX) completed a $200 million share repurchase program, enhancing shareholder value.
Lakeland Industries (LAKE) announced a public offering to fund debt repayment and business growth.
Vince Holding Corp. (VNCE) saw P180 acquire a majority stake, with a focus on debt reduction and leadership transition.
CACI International reported strong fiscal Q2 results and raised its fiscal year guidance, underscoring growth momentum.
Equity Bancshares (EQBK) showed a strong Q4 performance with a net interest margin rising to 4.17% after a capital raise, reflecting growth capacity. Find out more.
Corporate Updates and Upcoming Events
Kaltura (KLTR) plans to announce its fourth quarter 2024 financial results on February 20, 2025, with a scheduled conference call to discuss outlook.
Ford Motor Company (F) will release its fourth-quarter and full-year 2024 results on February 5, offering insights into its performance and strategies.
SiteOne Landscape Supply (SITE) will unveil its financial results on February 12, 2025. The company's conference call will provide further detail.
SSR Mining (SSRM) will announce its fourth quarter and full-year financial results on February 18, 2025. View schedule.
Mullen Automotive (MULN) received a Nasdaq notice for delayed Form 10-K, though it expects to file by January 31, 2025. Learn more.
