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Edgewell Personal Care (EPC) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 14, 2024
Edgewell Personal Care (EPC) reported revenue of $518M for the fourth quarter fiscal 2024 (Q4 FY24), -3% from a year earlier and -20% from the quarter before. Operating margin was 3.9%, net earnings $8.8M (1.7% of revenue).
Edgewell Personal Care, Q4 FY24: revenue $518M (-3% year over year), operating margin 3.9%, net earnings $8.8M, operating cash flow $73.7M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $518M | -20% | -3% |
| Gross profit | $213M | -26% | -7% |
| Operating profit | $20.4M | -75% | -61% |
| Net earnings | $8.8M | -82% | -71% |
| Operating cash flow | $73.7M | -27% | +54% |
| Free cash flow | $47.8M | -46% | +63% |
What changed
Revenue was $517.6M in Q4 FY24, down 3% year over year and down 20% from the previous quarter. Wet Shave was the largest line at 61% of revenue.
Gross margin was 41.1%, down 1.7 points from a year earlier. Operating profit was $20.4M, a 3.9% margin (down 5.8 points year over year). Operating expenses grew 9% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+39%). Net earnings were $8.8M, down 71% year over year. The effective tax rate was -63.0%.
Operating cash flow was $73.7M (up 54% year over year), 838% of net earnings. Non-cash charges added back $21.4M of depreciation and amortization and $6.1M of share-based compensation. Working capital and other items added $37.4M. Capital expenditures of $25.9M left free cash flow of $47.8M.
Questions
What was Edgewell Personal Care's revenue in the fourth quarter fiscal 2024?
Edgewell Personal Care (EPC) reported revenue of $518M for the fourth quarter fiscal 2024 (Q4 FY24), -3% from a year earlier and -20% from the quarter before.
Was Edgewell Personal Care profitable in the fourth quarter fiscal 2024?
Operating profit was $20.4M (3.9% of revenue) and net earnings $8.8M.