Filing Flows › Gpgi (GPGI) › Q4 2024
Gpgi (GPGI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 5, 2025
Gpgi (GPGI) reported revenue of $101M for the fourth quarter 2024 (Q4 2024), +1% from a year earlier and -6% from the quarter before. Operating margin was 15.5%, net loss $48.4M (47.9% of revenue).
Gpgi, Q4 2024: revenue $101M (+1% year over year), operating margin 15.5%, net loss $48.4M, operating cash flow $34.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $101M | -6% | +1% |
| Operating profit | $15.6M | — | — |
| Net earnings | −$48.4M | — | — |
| Operating cash flow | $34.1M | +16% | +29% |
| Free cash flow | $31.5M | +13% | +42% |
What changed
Revenue was $100.9M in Q4 2024, up 1% year over year and down 6% from the previous quarter.
Gross margin was 52.1%, down 0.9 points from a year earlier. Operating profit was $15.6M, a 15.5% margin (down 15.1 points year over year). Operating profit fell $14.9M even though revenue rose $1.0M versus a year earlier, so costs grew faster than sales. Operating expenses grew 65% against revenue growth of 1%. The quarter ended with a net loss of $48.4M, narrower than the previous quarter's $85.5M loss. Minority interests bore $11.0M of it: to shareholders the quarter was a loss of $37.3M. Net interest and other expense of $61.8M was the main reason.
Operating cash flow was $34.1M (up 29% year over year). Non-cash charges added back $2.2M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $74.3M. Capital expenditures of $2.6M left free cash flow of $31.5M.
Questions
What was Gpgi's revenue in the fourth quarter 2024?
Gpgi (GPGI) reported revenue of $101M for the fourth quarter 2024 (Q4 2024), +1% from a year earlier and -6% from the quarter before.
Was Gpgi profitable in the fourth quarter 2024?
Operating profit was $15.6M (15.5% of revenue) and net loss $48.4M.
Source: Gpgi 10-K on SEC EDGAR.