Filing Flows › Star Group, L.P. (SGU) › Q4 FY24
Star Group, L.P. (SGU) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 4, 2024
Star Group, L.P. (SGU) reported revenue of $240M for the fourth quarter fiscal 2024 (Q4 FY24), -10% from a year earlier and -28% from the quarter before. Operating margin was -20.2%, net loss $35.1M (14.6% of revenue).
Star Group, L.P., Q4 FY24: revenue $240M (-10% year over year), operating margin -20.2%, net loss $35.1M, operating cash flow $38.6M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $240M | -28% | -10% |
| Operating profit | −$48.6M | — | — |
| Net earnings | −$35.1M | — | — |
| Operating cash flow | $38.6M | -50% | +84% |
| Free cash flow | $35.6M | -53% | +91% |
What changed
Revenue was $240.3M in Q4 FY24, down 10% year over year and down 28% from the previous quarter. Product was the largest line at 65% of revenue.
Gross margin was 24.1%, up 5.1 points from a year earlier. Operating costs exceeded revenue by $48.6M, an operating margin of -20.2%. Operating expenses grew 44% against a revenue fall of 10%. The fastest-growing cost line was Other operating costs (+47%). The quarter ended with a net loss of $35.1M, wider than the previous quarter's $11.0M loss.
Operating cash flow was $38.6M (up 84% year over year). Non-cash charges added back $8.4M of depreciation and amortization. Working capital and other items added $65.3M. Capital expenditures of $3.0M left free cash flow of $35.6M.
Questions
What was Star Group, L.P.'s revenue in the fourth quarter fiscal 2024?
Star Group, L.P.
Was Star Group, L.P. profitable in the fourth quarter fiscal 2024?
Operating loss was $48.6M (-20.2% of revenue) and net loss $35.1M.
Source: Star Group, L.P. 10-K on SEC EDGAR.