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Tennessee Valley Authority (TVE) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 14, 2024
Tennessee Valley Authority (TVE) reported revenue of $3.5B for the fourth quarter fiscal 2024 (Q4 FY24), +4% from a year earlier and +22% from the quarter before. Operating margin was 22.7%, net earnings $520M (14.8% of revenue).
Tennessee Valley Authority, Q4 FY24: revenue $3.5B (+4% year over year), operating margin 22.7%, net earnings $520M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | +22% | +4% |
| Operating profit | $799M | +74% | +12% |
| Net earnings | $520M | +187% | +27% |
| Operating cash flow | $1.1B | +109% | -3% |
| Free cash flow | $164M | — | -58% |
What changed
Revenue was $3.5B in Q4 FY24, up 4% year over year and up 22% from the previous quarter.
Operating profit was $0.80B, a 22.7% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 64% reached operating profit, above the 21% margin then. Total costs grew 2% against revenue growth of 4%. Net earnings were $0.52B, up 27% year over year. The effective tax rate was 0.0%.
Operating cash flow was $1.1B (down 3% year over year), 205% of net earnings. Non-cash charges added back $0.55B of depreciation and amortization. Capital expenditures of $0.90B left free cash flow of $0.16B.
Questions
What was Tennessee Valley Authority's revenue in the fourth quarter fiscal 2024?
Tennessee Valley Authority (TVE) reported revenue of $3.5B for the fourth quarter fiscal 2024 (Q4 FY24), +4% from a year earlier and +22% from the quarter before.
Was Tennessee Valley Authority profitable in the fourth quarter fiscal 2024?
Operating profit was $799M (22.7% of revenue) and net earnings $520M.