Filing Flows › Tandy Leather Factory (TLF) › Q4 2024
Tandy Leather Factory (TLF) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 26, 2025
Tandy Leather Factory (TLF) reported revenue of $20.5M for the fourth quarter 2024 (Q4 2024), -2% from a year earlier and +18% from the quarter before. Operating margin was 0.9%, net earnings $332K (1.6% of revenue).
Tandy Leather Factory, Q4 2024: revenue $20.5M (-2% year over year), operating margin 0.9%, net earnings $332K, operating cash flow $4.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.5M | +18% | -2% |
| Gross profit | $10.8M | +8% | -6% |
| Operating profit | $183K | — | -90% |
| Net earnings | $332K | — | -83% |
| Operating cash flow | $4.5M | — | +35% |
| Free cash flow | $3.8M | — | +24% |
What changed
Revenue was $20.5M in Q4 2024, down 2% year over year and up 18% from the previous quarter.
Gross margin was 53.0%, down 2.1 points from a year earlier. Operating profit was $183K, a 0.9% margin (down 7.5 points year over year). Operating expenses grew 10% against a revenue fall of 2%. Net earnings were $332K, down 83% year over year. The effective tax rate was 20.6%. Non-operating items added $235K, 56% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $4.5M (up 35% year over year), 1359% of net earnings. Non-cash charges added back $14K of share-based compensation. Working capital and other items added $4.2M. Capital expenditures of $668K left free cash flow of $3.8M.
Questions
What was Tandy Leather Factory's revenue in the fourth quarter 2024?
Tandy Leather Factory (TLF) reported revenue of $20.5M for the fourth quarter 2024 (Q4 2024), -2% from a year earlier and +18% from the quarter before.
Was Tandy Leather Factory profitable in the fourth quarter 2024?
Operating profit was $183K (0.9% of revenue) and net earnings $332K.