Horace Mann Educators (HMN) Q1 FY2024 earnings: revenue $386 million, up 9.1% on the year

Horace Mann Educators Corp. (HMN) reported revenue of $386 million for Q1 FY2024, the quarter ended 31 March 2024, up 9.1% on the same quarter a year earlier. Net income was $26 million, up 301.5% on the year, and diluted earnings per share $0.64. The figures are the company's own, from the 10-Q it filed with the SEC on 8 May 2024.

Revenue$386 millionup 9.1%

Net income$26 millionup 301.5%

Diluted EPS$0.64

QuarterQ1 FY2024ended 31 March 2024

The quarter, against the one before and a year earlier

Line	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Revenue	386	403	n/a	n/a
Operating income	33.0	47.2	n/a	n/a
Operating margin	8.5%	11.7%	n/a
Interest expense	8.7	8.6	n/a	n/a
Pre-tax income	33.0	47.2	n/a	n/a
Income tax	6.5	7.7	n/a	n/a
Effective tax rate	19.7%	16.3%	n/a
Net income	26.5	39.5	n/a	n/a
Net margin	6.9%	9.8%	n/a
Diluted EPS	$0.64	$0.96	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	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Operating cash flow	74.5	103	n/a	n/a
Cash from investing	-59.5	-21.8	n/a	n/a
Cash from financing	-24.3	-85.9	n/a	n/a
Depreciation and amortisation	6.6	6.7	n/a	n/a
Share-based compensation	2.5	2.4	n/a	n/a
Dividends paid	13.9	13.5	n/a	n/a
Dividend per share	$0.34	n/a	n/a	n/a
Diluted shares, weighted	42m	41m	n/a	n/a
Shares outstanding at period end	41m	41m	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	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Shareholders' equity	1,211	1,175	n/a	n/a
Debt	546	546	n/a	n/a
Other liabilities	12,479	12,329	n/a	n/a
Total liabilities and equity	14,236	14,050	n/a	n/a
Fixed assets	n/a	68.6	n/a	n/a
Goodwill	54.3	54.3	n/a	n/a
Intangible assets	167	170	n/a	n/a
Cash and equivalents	20.4	29.7	n/a	n/a
Other assets	13,995	13,727	n/a	n/a
Total assets	14,236	14,050	n/a	n/a

Questions

What was Horace Mann Educators' revenue in Q1 FY2024?

Horace Mann Educators (HMN) reported revenue of $386 million for Q1 FY2024, the quarter ended 31 March 2024, up 9.1% on the same quarter a year earlier.

How much did Horace Mann Educators earn in Q1 FY2024?

Net income for Q1 FY2024 was $26 million, up 301.5% on the year, and diluted earnings per share $0.64.

When did Horace Mann Educators report Q1 FY2024 results?

Horace Mann Educators filed its 10-Q for the quarter ended 31 March 2024 with the SEC on 8 May 2024.

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	379	403	386	388	412	409	416	412	438	435	429	444
Operating income	13.6	47.2	33.0	4.6	42.7	48.3	47.5	36.5	71.5	45.7	50.2	49.0
Operating margin	4%	12%	9%	1%	10%	12%	11%	9%	16%	11%	12%	11%
Interest expense	7.5	8.6	8.7	8.7	8.7	8.5	8.9	8.6	8.9	10.0	9.5	9.6
Pre-tax income	13.6	47.2	33.0	4.6	42.7	48.3	47.5	36.5	71.5	45.7	50.2	49.0
Tax rate	14%	16%	20%	17%	20%	21%	20%	19%	18%	21%	18%	15%
Net income	11.7	39.5	26.5	3.8	34.3	38.2	38.2	29.4	58.3	36.2	41.2	41.6
Net margin	3%	10%	7%	1%	8%	9%	9%	7%	13%	8%	10%	9%
Diluted EPS	$0.28	$0.96	$0.64	$0.09	$0.83	$0.92	$0.92	$0.71	$1.40	$0.87	$1.00	$1.01
Operating cash flow	45.3	103	74.5	40.2	144	194	141	131	151	130	61.3	224
Dividends paid	13.4	13.5	13.9	13.9	13.9	13.8	14.3	14.3	14.3	14.2	14.6	14.5
Shares outstanding	41m	41m	41m	41m	41m	41m	41m	41m	41m	40m	40m	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. 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 31 March 2024, filed 8 May 2024, accession 0001628280-24-021676: the filing on EDGAR. All of Horace Mann Educators Corp.'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