MDU Resources Group (MDU) FY2024 results: revenue $1.8 billion, down 2.5% on the year
MDU Resources Group Inc. (MDU) reported revenue of $1.8 billion for fiscal 2024, the year ended 31 December 2024, down 2.5% on the year before. Net income was $281 million, down 32.2%, and diluted earnings per share $1.37. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$1.8 billion
-2.5% on the year
FY2017FY2024
Operating margin
15.1%
12.5% a year earlier
FY2017FY2024
Net income
$281 million
-32.2% on the year
FY2017FY2024
Diluted EPS
$1.37
-32.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
502
333
510
+51.0%
Capital expenditure
523
484
443
+8.0%
Free cash flow
-20.5
-152
67.5
Free cash flow margin
-1.2%
-8.4%
3.9%
Cash from investing
-553
-541
-639
Cash from financing
40.3
205
155
-80.3%
Depreciation and amortisation
200
190
189
+5.1%
Share-based compensation
8.4
5.5
7.9
+53.0%
Buybacks
0.0
4.8
7.4
Dividends paid
103
161
177
-36.2%
Dividend per share
$0.51
$0.69
$0.88
-26.6%
Diluted shares, weighted
205m
204m
203m
+0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,691
2,905
3,587
-7.4%
Short-term borrowings
0.0
n/a
n/a
Debt
2,293
2,393
2,404
-4.2%
Operating lease liabilities
n/a
51.6
52.9
Other liabilities
2,056
2,483
3,617
-17.2%
Total liabilities and equity
7,039
7,833
9,661
-10.1%
Fixed assets
5,344
5,005
4,776
+6.8%
Goodwill
346
346
489
0.0%
Intangible assets
n/a
2.0
4.1
Investments
115
112
129
+2.7%
Cash and equivalents
66.9
60.5
70.4
+10.6%
Receivables
274
250
1,064
+9.7%
Inventory
44.9
44.7
64.2
+0.6%
Other assets
847
2,013
3,064
-57.9%
Total assets
7,039
7,833
9,661
-10.1%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.