Filing Flows › South Dakota Soybean Processors LLC (SDSYA) › Q4 2024
South Dakota Soybean Processors LLC (SDSYA) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $126M for the fourth quarter 2024 (Q4 2024), -26% from a year earlier and -4% from the quarter before. Operating margin was 7.6%, net earnings $8.8M (7.0% of revenue).
South Dakota Soybean Processors LLC, Q4 2024: revenue $126M (-26% year over year), operating margin 7.6%, net earnings $8.8M, operating cash flow $37.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $126M | -4% | -26% |
| Gross profit | $11.2M | +392% | -48% |
| Operating profit | $9.6M | +833% | -51% |
| Net earnings | $8.8M | 376× | -55% |
| Operating cash flow | $37.2M | +53% | -38% |
What changed
Revenue was $125.8M in Q4 2024, down 26% year over year and down 4% from the previous quarter. Soybean meal and hulls was the largest line at 59% of revenue.
Gross margin was 8.9%, down 3.8 points from a year earlier. Operating profit was $9.6M, a 7.6% margin (down 4.0 points year over year). Operating expenses fell 16% while revenue fell 26%. Net earnings were $8.8M, down 55% year over year ($8.6M including minority interests, which bore $183K of losses). The effective tax rate was 0.0%.
Operating cash flow was $37.2M (down 38% year over year), 432% of net income including minority interests. Non-cash charges added back $2.0M of depreciation. Working capital and other items added $26.6M. Capital expenditures of $73.1M exceeded it, leaving free cash flow of −$36.0M.
Questions
What was South Dakota Soybean Processors LLC's revenue in the fourth quarter 2024?
South Dakota Soybean Processors LLC (SDSYA) reported revenue of $126M for the fourth quarter 2024 (Q4 2024), -26% from a year earlier and -4% from the quarter before.
Was South Dakota Soybean Processors LLC profitable in the fourth quarter 2024?
Operating profit was $9.6M (7.6% of revenue) and net earnings $8.8M.
Source: South Dakota Soybean Processors LLC 10-K on SEC EDGAR.