Filing Flows › Phibro Animal Health (PAHC) › Q1 FY27
Phibro Animal Health (PAHC) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 4, 2026
Phibro Animal Health (PAHC) reported revenue of $387M for the first quarter fiscal 2027 (Q1 FY27), +6% from a year earlier and -3% from the quarter before. Operating margin was 12.8%, net earnings $29.5M (7.6% of revenue).
Phibro Animal Health, Q1 FY27: revenue $387M (+6% year over year), operating margin 12.8%, net earnings $29.5M, operating cash flow $26.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $387M | -3% | +6% |
| Gross profit | $129M | -4% | +7% |
| Operating profit | $49.6M | +3% | -3% |
| Net earnings | $29.5M | +36% | +11% |
| Operating cash flow | $26.1M | +8% | +180% |
| Free cash flow | $7.3M | +40% | — |
What changed
Revenue was $386.8M in Q1 FY27, up 6% year over year and down 3% from the previous quarter. MFAs and other was the largest line at 53% of revenue. MFAs and other added $11.3M year over year (up 6%), 49% of the total change. Nutritional Specialties declined 2%.
Gross margin was 33.2%, up 0.3 points from Q1 FY26. Operating profit was $49.6M, a 12.8% margin (down 1.3 points year over year). Operating profit fell $1.6M even though revenue rose $22.9M versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 15% against revenue growth of 6%. Net earnings were $29.5M, up 11% year over year. The effective tax rate was 23.9%.
Operating cash flow was $26.1M (up 180% year over year), 88% of net earnings. Non-cash charges added back $13.6M of depreciation and amortization and $804K of share-based compensation. Working capital and other items used $17.8M. Capital expenditures of $18.8M left free cash flow of $7.3M.
Questions
What was Phibro Animal Health's revenue in the first quarter fiscal 2027?
Phibro Animal Health (PAHC) reported revenue of $387M for the first quarter fiscal 2027 (Q1 FY27), +6% from a year earlier and -3% from the quarter before.
Was Phibro Animal Health profitable in the first quarter fiscal 2027?
Operating profit was $49.6M (12.8% of revenue) and net earnings $29.5M.