Everforth (EFOR) Q4 FY2023 earnings: revenue $1.1 billion, down 6.6% on the year

Everforth Inc. (EFOR) reported revenue of $1.1 billion for Q4 FY2023, the quarter ended 31 December 2023, down 6.6% on the same quarter a year earlier. Net income was $50 million, down 9.5% on the year, and diluted earnings per share $1.06. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2024.

Revenue$1.1 billiondown 6.6%

Net income$50 milliondown 9.5%

Diluted EPS$1.06

QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q4 FY2023	Q3 FY2023	A year earlier	Change on the year
Revenue	1,074	1,117	n/a	n/a
Cost of revenue	769	794	n/a	n/a
Gross profit	305	322	n/a	n/a
Gross margin	28.4%	28.9%	n/a
Selling, general and administrative	204	206	n/a	n/a
Operating income	83.4	98.6	n/a	n/a
Operating margin	7.8%	8.8%	n/a
Interest expense	16.7	18.5	n/a	n/a
Pre-tax income	66.7	80.1	n/a	n/a
Income tax	16.4	20.7	n/a	n/a
Effective tax rate	24.6%	25.8%	n/a
Net income	50.3	59.4	n/a	n/a
Net margin	4.7%	5.3%	n/a
Diluted EPS	$1.06	$1.23	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. 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 FY2023	Q3 FY2023	A year earlier	Change on the year
Operating cash flow	116	148	n/a	n/a
Capital expenditure	7.2	9.8	n/a	n/a
Free cash flow	109	138	n/a	n/a
Free cash flow margin	10.2%	12.3%	n/a
Cash from investing	-7.2	-9.8	n/a	n/a
Cash from financing	-79.3	-85.6	n/a	n/a
Depreciation and amortisation	25.7	24.8	n/a	n/a
Share-based compensation	10.3	10.3	n/a	n/a
Buybacks	75.4	91.3	n/a	n/a
Diluted shares, weighted	48m	48m	n/a	n/a
Shares outstanding at period end	47m	48m	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 FY2023	Q3 FY2023	A year earlier	Change on the year
Shareholders' equity	1,892	1,909	n/a	n/a
Debt	1,037	1,038	n/a	n/a
Operating lease liabilities	49.1	43.5	n/a	n/a
Other liabilities	567	589	n/a	n/a
Total liabilities and equity	3,545	3,579	n/a	n/a
Fixed assets	81.4	78.6	n/a	n/a
Goodwill	1,894	1,894	n/a	n/a
Intangible assets	498	516	n/a	n/a
Cash and equivalents	176	146	n/a	n/a
Receivables	742	805	n/a	n/a
Other assets	154	141	n/a	n/a
Total assets	3,545	3,579	n/a	n/a

Questions

What was Everforth's revenue in Q4 FY2023?

Everforth (EFOR) reported revenue of $1.1 billion for Q4 FY2023, the quarter ended 31 December 2023, down 6.6% on the same quarter a year earlier.

How much did Everforth earn in Q4 FY2023?

Net income for Q4 FY2023 was $50 million, down 9.5% on the year, and diluted earnings per share $1.06.

When did Everforth report Q4 FY2023 results?

Everforth filed its 10-K for the year that ended with the quarter on 23 February 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,117	1,074	1,049	1,035	1,031	985	968	1,021	1,011	980	968	1,007
Cost of revenue	794	769	753	734	731	699	693	727	714	697	702	722
Gross profit	322	305	296	301	300	286	275	293	297	284	267	285
Gross margin	29%	28%	28%	29%	29%	29%	28%	29%	29%	29%	28%	28%
SG&A	206	204	210	206	208	198	214	217	212	210	224	226
Operating income	98.6	83.4	70.9	80.4	78.9	74.2	46.6	59.6	67.9	56.2	27.7	41.1
Operating margin	9%	8%	7%	8%	8%	8%	5%	6%	7%	6%	3%	4%
Interest expense	18.5	16.7	17.6	15.8	16.0	14.9	15.4	18.2	17.4	16.7	17.1	20.4
Pre-tax income	80.1	66.7	53.3	64.6	62.9	59.3	31.2	41.4	50.5	39.5	10.6	20.7
Tax rate	26%	25%	29%	27%	24%	28%	33%	29%	25%	36%	48%	31%
Net income	59.4	50.3	38.1	47.2	47.5	42.4	20.9	29.3	38.1	25.2	5.5	14.2
Net margin	5%	5%	4%	5%	5%	4%	2%	3%	4%	3%	1%	1%
Diluted EPS	$1.23	$1.06	$0.81	$1.02	$1.06	$0.95	$0.48	$0.67	$0.87	$0.59	$0.13	$0.35
Operating cash flow	148	116	73.3	90.7	136	100	16.8	125	83.9	102	18.5	52.2
Capital expenditure	9.8	7.2	10.8	5.3	7.9	11.3	10.2	9.1	11.9	8.6	9.4	5.9
Free cash flow	138	109	62.5	85.4	128	88.9	6.6	116	72.0	93.7	9.1	46.3
Buybacks	91.3	75.4	79.7	108	95.6	43.9	50.4	9.5	46.0	64.2	39.0	11.5
Shares outstanding	48m	47m	46m	45m	44m	44m	44m	44m	43m	42m	41m	41m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	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. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. 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 31 December 2023, filed 23 February 2024, accession 0000890564-24-000006: the filing on EDGAR. All of Everforth 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