Filing Flows › Artesian Resources (ARTNA) › Q4 2024
Artesian Resources (ARTNA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
Artesian Resources (ARTNA) reported revenue of $26.9M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and -8% from the quarter before. Operating margin was 21.0%, net earnings $3.8M (14.3% of revenue).
Artesian Resources, Q4 2024: revenue $26.9M (+9% year over year), operating margin 21.0%, net earnings $3.8M, operating cash flow $6.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.9M | -8% | +9% |
| Operating profit | $5.6M | -34% | +2% |
| Net earnings | $3.8M | -44% | +10% |
| Operating cash flow | $6.7M | -37% | -21% |
What changed
Revenue was $26.9M in Q4 2024, up 9% year over year and down 8% from the previous quarter. Water Sales was the largest line at 81% of revenue.
Operating profit was $5.6M, a 21.0% margin (down 1.4 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 22% margin then. Total costs grew 11% against revenue growth of 9%. Net earnings were $3.8M, up 10% year over year. The effective tax rate was 25.7%.
Operating cash flow was $6.7M (down 21% year over year), 174% of net earnings. Non-cash charges added back $3.5M of depreciation and amortization and $47K of share-based compensation. Working capital and other items used $642K. Capital expenditures of $15.0M exceeded it, leaving free cash flow of −$8.3M.
Questions
What was Artesian Resources' revenue in the fourth quarter 2024?
Artesian Resources (ARTNA) reported revenue of $26.9M for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and -8% from the quarter before.
Was Artesian Resources profitable in the fourth quarter 2024?
Operating profit was $5.6M (21.0% of revenue) and net earnings $3.8M.
Source: Artesian Resources 10-K on SEC EDGAR.