Q4 2024 Earnings Summary
Metric | YoY Change | Reason |
---|---|---|
Total Revenue | ~$923.52M vs. ~$732.34M (~26% increase) | Total revenue increased about 26% YoY due to overall higher net sales driven by acquisitions and improved pricing/volume dynamics compared to Q4 2023, where sales were lower. |
Industrial Metals Revenue | $213.84M vs. $125.39M (~70% increase) | Industrial Metals revenue jumped 70% YoY as strong performance in key subsegments, likely boosted by acquisitions and improved market demand, drove these gains over the prior period. |
Brass Rod and Forgings | $230.83M vs. $98.14M (135% growth) | Brass Rod and Forgings revenue surged 135% YoY, fueled by contributions from recent acquisitions, enhanced net selling prices, and increased unit sales volumes relative to Q4 2023. |
Net Sales | ~$923.54M vs. ~$732.38M (~26% increase) | Net Sales rose by about 26% YoY with higher sales from both core and non-core product lines, reflecting the positive impact of acquisitions and favorable pricing improvements compared to the previous year. |
Operating Income | $170.26M vs. $135.24M (~26% increase) | Operating Income increased roughly 26% YoY driven by higher net sales, improved operational efficiencies, and contributions from acquisitions, reflecting a more profitable cost structure than in Q4 2023. |
Consolidated Net Income | $140.60M vs. $119.30M (~19% increase) | Consolidated Net Income rose about 19% YoY as a result of improved operating income, lower effective tax rates, and positive contributions from acquisitions, overcoming challenges from the prior period. |
Depreciation & Amortization | $22.24M vs. $9.25M (over 140% increase) | Depreciation & Amortization increased sharply (over 140% YoY), primarily due to incremental expenses from newly acquired assets (e.g., from the Nehring acquisition), which added significant depreciation costs compared to Q4 2023. |
Interest Expense | $75K vs. $713K (~90% decrease) | Interest Expense dropped about 90% YoY, indicating that financing costs were significantly reduced, likely due to lower borrowing levels or favorable refinancing measures, as noted by management in Q4 2024 compared to Q4 2023. |