Filing Flows › RGC Resources (RGCO) › Q4 FY24
RGC Resources (RGCO) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 5, 2024
RGC Resources (RGCO) reported revenue of $13.1M for the fourth quarter fiscal 2024 (Q4 FY24), +5% from a year earlier and -9% from the quarter before. Operating margin was 1.8%, net earnings $141K (1.1% of revenue).
RGC Resources, Q4 FY24: revenue $13.1M (+5% year over year), operating margin 1.8%, net earnings $141K, operating cash flow $377K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.1M | -9% | +5% |
| Operating profit | $242K | -84% | -67% |
| Net earnings | $141K | -10% | -86% |
| Operating cash flow | $377K | -94% | +132% |
What changed
Revenue was $13.1M in Q4 FY24, up 5% year over year and down 9% from the previous quarter. Gas Utility was the largest line at 100% of revenue.
Operating profit was $242K, a 1.8% margin (down 4.1 points year over year). Operating profit fell $502K even though revenue rose $637K versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 5%. Net earnings were $141K, down 86% year over year. The effective tax rate was 47.3%.
Operating cash flow was $377K (up 132% year over year), 268% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization and $117K of share-based compensation. Working capital and other items used $2.1M. Capital expenditures of $5.5M exceeded it, leaving free cash flow of −$5.1M.
Questions
What was RGC Resources' revenue in the fourth quarter fiscal 2024?
RGC Resources (RGCO) reported revenue of $13.1M for the fourth quarter fiscal 2024 (Q4 FY24), +5% from a year earlier and -9% from the quarter before.
Was RGC Resources profitable in the fourth quarter fiscal 2024?
Operating profit was $242K (1.8% of revenue) and net earnings $141K.
Source: RGC Resources 10-K on SEC EDGAR.