Cal-Maine Foods (CALM) Q4 FY2024 earnings: revenue $641 million, down 7.0% on the year

Cal-Maine Foods Inc. (CALM) reported revenue of $641 million for Q4 FY2024, the quarter ended 1 June 2024, down 7.0% on the same quarter a year earlier. Net income was $113 million, up 2.1% on the year, and diluted earnings per share $2.32. The figures are the company's own, from the 10-K it filed with the SEC on 23 July 2024.

Revenue$641 milliondown 7.0%

Net income$113 millionup 2.1%

Diluted EPS$2.32

QuarterQ4 FY2024ended 1 June 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Revenue	641	703	n/a	n/a
Cost of revenue	454	485	n/a	n/a
Gross profit	186	219	n/a	n/a
Gross margin	29.1%	31.1%	n/a
Selling, general and administrative	57.8	66.0	n/a	n/a
Operating income	142	163	n/a	n/a
Operating margin	22.2%	23.2%	n/a
Pre-tax income	152	185	n/a	n/a
Income tax	39.0	38.8	n/a	n/a
Effective tax rate	25.7%	21.0%	n/a
Net income	113	147	n/a	n/a
Net margin	17.7%	20.9%	n/a
Diluted EPS	$2.32	$3.00	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Operating cash flow	214	164	n/a	n/a
Capital expenditure	51.1	30.2	n/a	n/a
Free cash flow	163	134	n/a	n/a
Free cash flow margin	25.4%	19.0%	n/a
Cash from investing	-294	-151	n/a	n/a
Cash from financing	-48.9	-7.4	n/a	n/a
Depreciation and amortisation	21.1	19.8	n/a	n/a
Share-based compensation	1.2	1.1	n/a	n/a
Dividends paid	48.9	5.7	n/a	n/a
Dividend per share	n/a	$1.00	n/a	n/a
Diluted shares, weighted	n/a	49m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Shareholders' equity	1,800	1,724	n/a	n/a
Non-controlling interest	-3.1	-2.8	n/a	n/a
Debt	0.0	0.0	n/a	n/a
Other liabilities	388	413	n/a	n/a
Total liabilities and equity	2,185	2,134	n/a	n/a
Fixed assets	857	827	n/a	n/a
Goodwill	45.8	45.8	n/a	n/a
Intangible assets	16.0	16.5	n/a	n/a
Investments	574	329	n/a	n/a
Cash and equivalents	238	367	n/a	n/a
Receivables	139	213	n/a	n/a
Inventory	262	269	n/a	n/a
Other assets	53.0	66.6	n/a	n/a
Total assets	2,185	2,134	n/a	n/a

Questions

What was Cal-Maine Foods' revenue in Q4 FY2024?

Cal-Maine Foods (CALM) reported revenue of $641 million for Q4 FY2024, the quarter ended 1 June 2024, down 7.0% on the same quarter a year earlier.

How much did Cal-Maine Foods earn in Q4 FY2024?

Net income for Q4 FY2024 was $113 million, up 2.1% on the year, and diluted earnings per share $2.32.

When did Cal-Maine Foods report Q4 FY2024 results?

Cal-Maine Foods filed its 10-K for the quarter ended 1 June 2024 with the SEC on 23 July 2024.

Quarterly results, the last 12 quarters

	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	523	703	641	786	955	1,418	1,104	923	769	667	553	540
Cost of revenue	432	485	454	539	599	702	572	611	562	548	519	539
Gross profit	91.1	219	186	247	356	716	532	311	207	119	34.1	0.4
Gross margin	17%	31%	29%	31%	37%	51%	48%	34%	27%	18%	6%	0%
SG&A	76.6	66.0	57.8	61.9	77.6	80.0	94.9	69.5	82.9	83.3	93.6	81.7
Operating income	14.2	163	142	187	278	636	436	249	124	35.9	-58.8	-82.2
Operating margin	3%	23%	22%	24%	29%	45%	39%	27%	16%	5%	-11%	-15%
Pre-tax income	22.1	185	152	198	289	663	453	263	136	58.2	-46.5	-74.2
Tax rate	25%	21%	26%	24%	24%	23%	25%	24%	24%	12%	n/a	n/a
Net income	17.0	147	113	150	219	509	342	199	103	50.5	-35.9	-58.6
Net margin	3%	21%	18%	19%	23%	36%	31%	22%	13%	8%	-6%	-11%
Diluted EPS	$0.35	$3.00	$2.32	$3.06	$4.47	$10.38	$7.04	$4.12	$2.13	$1.06	-$0.68	-$1.26
Operating cash flow	50.0	164	214	117	123	572	413	279	94.8	104	2.8	-101
Capital expenditure	39.1	30.2	51.1	35.8	29.8	49.8	45.9	45.3	46.8	31.6	27.5	26.6
Free cash flow	10.9	134	163	81.7	92.9	522	367	233	47.9	72.0	-24.7	-128
Dividends paid	0.3	5.7	48.9	37.8	50.0	73.0	169	114	66.4	34.3	16.8	0.0
Shares outstanding	n/a	n/a	n/a	n/a	n/a	n/a	47m	47m	48m	47m	47m	47m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 1 June 2024, filed 23 July 2024, accession 0001562762-24-000177: the filing on EDGAR. All of Cal-Maine Foods Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install