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Sonic Automotive (SAH) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 19, 2025
Sonic Automotive (SAH) reported revenue of $3.9B for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +12% from the quarter before. Operating margin was 3.4%, net earnings $58.6M (1.5% of revenue).
Sonic Automotive, Q4 2024: revenue $3.9B (+9% year over year), operating margin 3.4%, net earnings $58.6M, operating cash flow $87.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.9B | +12% | +9% |
| Gross profit | $574M | +6% | +6% |
| Operating profit | $134M | +18% | +32% |
| Net earnings | $58.6M | -21% | +51% |
| Operating cash flow | $87.7M | -0.1% | — |
What changed
Revenue was $3.9B in Q4 2024, up 9% year over year and up 12% from the previous quarter.
Gross margin was 14.7%, down 0.4 points from a year earlier. Operating profit was $0.13B, a 3.4% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 3% margin then. Operating expenses grew 0% against revenue growth of 9%. Net earnings were $0.06B, up 51% year over year. The effective tax rate was 28.6%.
Operating cash flow was $0.09B, 150% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of −$0.33B left free cash flow of $0.42B.
Questions
What was Sonic Automotive's revenue in the fourth quarter 2024?
Sonic Automotive (SAH) reported revenue of $3.9B for the fourth quarter 2024 (Q4 2024), +9% from a year earlier and +12% from the quarter before.
Was Sonic Automotive profitable in the fourth quarter 2024?
Operating profit was $134M (3.4% of revenue) and net earnings $58.6M.
Source: Sonic Automotive 10-K on SEC EDGAR.