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CRGY

Crescent Energy Company (CRGY) announced a secondary public offering of 12M shares of Class A common stock by Independence Energy Aggregator L.P., with an option for underwriters to purchase an additional 1.8M shares. The company itself will not sell any shares or receive proceeds from this offering. Concurrently, Crescent plans to repurchase 2M OpCo Units from the Selling Stockholder, with the possibility of additional purchases if the underwriters exercise their option. Wells Fargo Securities, Evercore Group, and Raymond James are the joint book-running managers.

Portfolio Pulse from Happy Mohamed

March 06, 2024 | 9:43 pm

BJRI

Patrick Walsh reported a 5.2% stake in BJ's Restaurants, according to a 13D filing. He believes that the common shares of BJ's Restaurants are undervalued and represent an attractive investment opportunity.

Portfolio Pulse from Charles Gross

March 06, 2024 | 9:43 pm

KGS

Kodiak Gas Services reported mixed Q4 financial results and issued guidance, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:42 pm

VSCO

Victoria's Secret & Co (NYSE:VSCO) reported Q4 financial results with revenue of $2.08 billion missing estimates by $0.01 billion, but EPS of $2.58 beat estimates by $0.11. The company generated $589 million in operating cash flow, paid down $410 million on its credit facility, and ended with $270 million in cash. A new $250 million share repurchase program was authorized. FY2023 saw 3.7 million shares repurchased for $125 million. CEO Martin Waters emphasized commitment to strategic priorities despite a downturn in the intimates market. Q1 net sales are expected to decrease mid-single digit range, with adjusted operating income between $10 million and $35 million. Full-year 2024 revenue is projected at $6 billion, below estimates of $6.28 billion. Shares fell 22.2% after hours to $19.95.

Portfolio Pulse from Adam Eckert

March 06, 2024 | 9:41 pm

AIRG

Airgain (NASDAQ:AIRG) reported Q4 2023 adjusted EPS of $(0.33), missing the $(0.20) estimate, while sales of $10.07M exceeded the $10.00M estimate. This represents a 49.37% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:41 pm

FOA

Finance of America (NYSE:FOA) reported Q4 earnings with an EPS of $-0.09, missing estimates by -12.0%. Revenue increased to $182.15 million from the previous year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a significant drop in share price.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 9:40 pm

KIDS

OrthoPediatrics has reaffirmed its 2024 revenue guidance, projecting a range of $197 million to $200 million, which surpasses the estimated $182.9 million. This update underscores the company's positive outlook and growth expectations.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:38 pm

ADT

ADT Inc. announced a secondary public offering of 55M shares held by affiliates of Apollo Global Management, with an option for underwriters to buy an additional 8.25M shares. ADT will concurrently repurchase 15M shares as part of its $350M share repurchase program. The offering's book-runners include Morgan Stanley, Barclays, Apollo Global Securities, and RBC Capital Markets.

Portfolio Pulse from Happy Mohamed

March 06, 2024 | 9:38 pm

VSEC

VSE Corp has announced an acceleration in its business transformation efforts and has reaffirmed its full-year guidance for the Aviation segment. This indicates a positive outlook for the company's aviation operations and suggests confidence in meeting its previously stated financial targets.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:37 pm

VSCO

Victoria's Secret & Co. shares are trading lower following the release of mixed Q4 financial results and the issuance of guidance. The company's performance and future outlook have impacted investor sentiment, leading to a decrease in stock price.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:35 pm