e.l.f. Beauty (ELF) Q2 FY2024 earnings: revenue $216 million, up 76.1% on the year

e.l.f. Beauty, Inc. (ELF) reported revenue of $216 million for Q2 FY2024, the quarter ended 30 September 2023, up 76.1% on the same quarter a year earlier. Net income was $33 million, up 184.1% on the year, and diluted earnings per share $0.58. The figures are the company's own, from the 10-Q it filed with the SEC on 2 November 2023.

Revenue$216 millionup 76.1%

Net income$33 millionup 184.1%

Diluted EPS$0.58

QuarterQ2 FY2024ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q2 FY2024	Quarter before	A year earlier	Change on the year
Revenue	216	n/a	n/a	n/a
Cost of revenue	63.1	n/a	n/a	n/a
Gross profit	152	n/a	n/a	n/a
Gross margin	70.7%	n/a	n/a
Selling, general and administrative	112	n/a	n/a	n/a
Operating income	40.2	n/a	n/a	n/a
Operating margin	18.6%	n/a	n/a
Pre-tax income	39.7	n/a	n/a	n/a
Income tax	6.5	n/a	n/a	n/a
Effective tax rate	16.3%	n/a	n/a
Net income	33.3	n/a	n/a	n/a
Net margin	15.4%	n/a	n/a
Diluted EPS	$0.58	n/a	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	Q2 FY2024	Quarter before	A year earlier	Change on the year
Operating cash flow	27.9	n/a	n/a	n/a
Capital expenditure	0.8	n/a	n/a	n/a
Free cash flow	27.1	n/a	n/a	n/a
Free cash flow margin	12.6%	n/a	n/a
Cash from investing	-0.8	n/a	n/a	n/a
Cash from financing	-1.9	n/a	n/a	n/a
Depreciation and amortisation	6.7	n/a	n/a	n/a
Share-based compensation	11.2	n/a	n/a	n/a
Diluted shares, weighted	57m	n/a	n/a	n/a
Shares outstanding at period end	55m	n/a	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	Q2 FY2024	Quarter before	A year earlier	Change on the year
Shareholders' equity	516	n/a	n/a	n/a
Debt	57.7	n/a	n/a	n/a
Operating lease liabilities	14.6	n/a	n/a	n/a
Finance lease liabilities	0.0	n/a	n/a	n/a
Other liabilities	158	n/a	n/a	n/a
Total liabilities and equity	747	n/a	n/a	n/a
Fixed assets	7.6	n/a	n/a	n/a
Goodwill	172	n/a	n/a	n/a
Intangible assets	74.0	n/a	n/a	n/a
Cash and equivalents	168	n/a	n/a	n/a
Receivables	86.7	n/a	n/a	n/a
Inventory	147	n/a	n/a	n/a
Other assets	92.0	n/a	n/a	n/a
Total assets	747	n/a	n/a	n/a

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	216	271	321	324	301	355	333	354	344	490	449	479
Cost of revenue	63.1	79.0	93.9	93.2	87.0	102	95.6	109	105	142	123	80.5
Gross profit	152	192	227	231	214	253	237	245	239	347	326	399
Gross margin	71%	71%	71%	71%	71%	71%	71%	69%	69%	71%	73%	83%
SG&A	112	160	210	181	186	218	193	196	231	280	319	280
Operating income	40.2	31.8	17.0	50.7	27.9	35.1	44.3	48.7	7.7	67.5	-50.3	102
Operating margin	19%	12%	5%	16%	9%	10%	13%	14%	2%	14%	-11%	21%
Pre-tax income	39.7	30.4	11.2	47.2	27.9	26.3	44.0	51.1	-4.0	53.9	-60.5	94.3
Tax rate	16%	12%	-30%	-1%	32%	34%	36%	35%	n/a	27%	n/a	29%
Net income	33.3	26.9	14.5	47.6	19.0	17.3	28.3	33.3	3.0	39.4	-49.4	66.6
Net margin	15%	10%	5%	15%	6%	5%	8%	9%	1%	8%	-11%	14%
Diluted EPS	$0.58	$0.46	$0.25	$0.81	$0.33	$0.30	$0.49	$0.58	$0.05	$0.65	-$0.82	$1.12
Operating cash flow	27.9	-17.1	37.0	1.3	11.2	-14.7	136	27.2	23.4	59.4	102	112
Capital expenditure	0.8	4.5	2.7	0.8	1.6	5.1	11.1	7.1	6.8	6.6	1.9	1.4
Free cash flow	27.1	-21.6	34.3	0.5	9.5	-19.8	125	20.1	16.6	52.8	101	110
Buybacks	n/a	0.0	n/a	n/a	n/a	0.0	n/a	0.0	0.0	50.0	0.0	50.0
Shares outstanding	55m	55m	56m	56m	56m	56m	56m	57m	59m	59m	59m	59m
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.

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-Q for the period ended 30 September 2023, filed 2 November 2023, accession 0001600033-23-000048: the filing on EDGAR. All of e.l.f. Beauty, Inc.'s filings: EDGAR company page.

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