Filing Flows › Wafd (WAFD) › Q4 FY24
Wafd (WAFD) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 20, 2024
Wafd (WAFD) reported revenue of $189M for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and -3% from the quarter before. Operating margin was 42.8%, net earnings $61.1M (32.4% of revenue).
Wafd, Q4 FY24: revenue $189M (+6% year over year), operating margin 42.8%, net earnings $61.1M, operating cash flow $96.6M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $189M | -3% | +6% |
| Operating profit | $80.7M | -3% | +36% |
| Net earnings | $61.1M | -5% | +22% |
| Operating cash flow | $96.6M | +53% | +17% |
| Free cash flow | $89.4M | +53% | +13% |
What changed
Revenue was $188.7M in Q4 FY24, up 6% year over year and down 3% from the previous quarter.
Operating profit was $80.7M, a 42.8% margin (up 9.5 points year over year). Of the extra revenue versus a year earlier, 202% reached operating profit, above the 33% margin then. Total costs fell 9% while revenue rose 6%. Net earnings were $61.1M, up 22% year over year. The effective tax rate was 24.2%.
Operating cash flow was $96.6M (up 17% year over year), 158% of net earnings. Non-cash charges added back $1.7M of share-based compensation. Working capital and other items added $33.7M. Capital expenditures of $7.2M left free cash flow of $89.4M.
Questions
What was Wafd's revenue in the fourth quarter fiscal 2024?
Wafd (WAFD) reported revenue of $189M for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and -3% from the quarter before.
Was Wafd profitable in the fourth quarter fiscal 2024?
Operating profit was $80.7M (42.8% of revenue) and net earnings $61.1M.
Source: Wafd 10-K on SEC EDGAR.