Filing Flows › Sanmina (SANM) › Q4 FY24
Sanmina (SANM) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 27, 2024
Sanmina (SANM) reported revenue of $2.0B for the fourth quarter fiscal 2024 (Q4 FY24), -2% from a year earlier and +10% from the quarter before. Operating margin was 4.4%, net earnings $61.4M (3.0% of revenue).
Sanmina, Q4 FY24: revenue $2.0B (-2% year over year), operating margin 4.4%, net earnings $61.4M, operating cash flow $51.9M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +10% | -2% |
| Gross profit | $171M | +12% | -1% |
| Operating profit | $89.6M | +9% | -10% |
| Net earnings | $61.4M | +19% | -0.7% |
| Operating cash flow | $51.9M | -42% | -33% |
| Free cash flow | $28.9M | -56% | -23% |
What changed
Revenue was $2.0B in Q4 FY24, down 2% year over year and up 10% from the previous quarter. IMS Third Party Revenue was the largest line at 80% of revenue.
Gross margin was 8.5%, unchanged from a year earlier. Operating profit was $0.09B, a 4.4% margin (down 0.4 points year over year). Operating expenses grew 10% against a revenue fall of 2%. The fastest-growing cost line was SG&A (+13%). Net earnings were $0.06B, down 1% year over year. The effective tax rate was 22.4%.
Operating cash flow was $0.05B (down 33% year over year), 77% of net income including minority interests. Non-cash charges added back $0.03B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.06B. Capital expenditures of $0.02B left free cash flow of $0.03B.
Questions
What was Sanmina's revenue in the fourth quarter fiscal 2024?
Sanmina (SANM) reported revenue of $2.0B for the fourth quarter fiscal 2024 (Q4 FY24), -2% from a year earlier and +10% from the quarter before.
Was Sanmina profitable in the fourth quarter fiscal 2024?
Operating profit was $89.6M (4.4% of revenue) and net earnings $61.4M.
Source: Sanmina 10-K on SEC EDGAR.