Filing Flows › Chemical & Mining Co of Chile (SQM) › Q2 2024
Chemical & Mining Co of Chile (SQM) Q2 2024 earnings results (second quarter 2024)
6-K filed Aug 21, 2024
Chemical & Mining Co of Chile (SQM) reported revenue of $1.3B for the second quarter 2024 (Q2 2024), -37% from a year earlier. Operating margin was 22.1%, net earnings $214M (16.5% of revenue).
Chemical & Mining Co of Chile, Q2 2024: revenue $1.3B (-37% year over year), operating margin 22.1%, net earnings $214M. The chart follows the revenue to costs, profit and cash.
| Q2 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | — | -37% |
| Gross profit | $384M | — | -55% |
| Operating profit | $286M | — | -64% |
| Net earnings | $214M | — | -63% |
What changed
Revenue was $1.3B in Q2 2024, down 37% year over year.
Gross margin was 29.7%, down 12.0 points from a year earlier. Operating profit was $0.29B, a 22.1% margin (down 17.0 points year over year). Operating expenses grew 85% against a revenue fall of 37%. The fastest-growing cost line was Other operating costs (+574%). Net earnings were $0.21B, down 63% year over year. The effective tax rate was 25.3%.
Questions
What was Chemical & Mining Co of Chile's revenue in the second quarter 2024?
Chemical & Mining Co of Chile (SQM) reported revenue of $1.3B for the second quarter 2024 (Q2 2024), -37% from a year earlier.
Was Chemical & Mining Co of Chile profitable in the second quarter 2024?
Operating profit was $286M (22.1% of revenue) and net earnings $214M.