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Cameco (CCJ) Q4 2024 earnings results (fourth quarter 2024)
6-K filed Feb 20, 2025
Cameco (CCJ) reported revenue of $1.2B for the fourth quarter 2024 (Q4 2024), +40% from a year earlier. Operating margin was 11.4%, net earnings $135M (11.4% of revenue).
Cameco, Q4 2024: revenue $1.2B (+40% year over year), operating margin 11.4%, net earnings $135M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | — | +40% |
| Gross profit | $250M | — | +88% |
| Operating profit | $135M | — | +69% |
| Net earnings | $135M | — | +69% |
What changed
Revenue was C$1.2B in Q4 2024, up 40% year over year.
Gross margin was 21.1%, up 5.4 points from a year earlier. Operating profit was C$0.14B, a 11.4% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 9% margin then. Operating expenses grew 117% against revenue growth of 40%. Net earnings were C$0.14B, up 69% year over year. The effective tax rate was 0.0%.
Questions
What was Cameco's revenue in the fourth quarter 2024?
Cameco (CCJ) reported revenue of $1.2B for the fourth quarter 2024 (Q4 2024), +40% from a year earlier.
Was Cameco profitable in the fourth quarter 2024?
Operating profit was $135M (11.4% of revenue) and net earnings $135M.
Source: Cameco 6-K on SEC EDGAR.