Filing Flows › Atkore (ATKR) › Q4 FY24
Atkore (ATKR) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 21, 2024
Atkore (ATKR) reported revenue of $788M for the fourth quarter fiscal 2024 (Q4 FY24), -9% from a year earlier and -4% from the quarter before. Operating margin was 12.9%, net earnings $73.1M (9.3% of revenue).
Atkore, Q4 FY24: revenue $788M (-9% year over year), operating margin 12.9%, net earnings $73.1M, operating cash flow $199M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $788M | -4% | -9% |
| Gross profit | $216M | -23% | -28% |
| Operating profit | $102M | -39% | -46% |
| Net earnings | $73.1M | -41% | -48% |
| Operating cash flow | $199M | +90% | -18% |
| Free cash flow | $154M | +111% | +5% |
What changed
Revenue was $788.3M in Q4 FY24, down 9% year over year and down 4% from the previous quarter.
Gross margin was 27.4%, down 7.2 points from a year earlier. Operating profit was $102.1M, a 12.9% margin (down 8.8 points year over year). Operating expenses grew 2% against a revenue fall of 9%. Net earnings were $73.1M, down 48% year over year. The effective tax rate was 20.4%.
Operating cash flow was $199.1M (down 18% year over year), 272% of net earnings. Non-cash charges added back $32.6M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $87.3M. Capital expenditures of $44.8M left free cash flow of $154.3M.
Questions
What was Atkore's revenue in the fourth quarter fiscal 2024?
Atkore (ATKR) reported revenue of $788M for the fourth quarter fiscal 2024 (Q4 FY24), -9% from a year earlier and -4% from the quarter before.
Was Atkore profitable in the fourth quarter fiscal 2024?
Operating profit was $102M (12.9% of revenue) and net earnings $73.1M.
Source: Atkore 10-K on SEC EDGAR.