Star Group (SGU) Q4 FY2022 earnings: revenue $297 million, up 25.4% on the year
Star Group, L.P. (SGU) reported revenue of $297 million for Q4 FY2022, the quarter ended 30 September 2022, up 25.4% on the same quarter a year earlier. Net income was -$50 million. The figures are the company's own, from the 10-K it filed with the SEC on 7 December 2022.
Revenue$297 millionup 25.4%
Net income-$50 million
Diluted EPSn/a
QuarterQ4 FY2022ended 30 September 2022
The quarter, against the one before and a year earlier
| Line | Q4 FY2022 | Q3 FY2022 | Q4 FY2021 | Change on the year |
|---|---|---|---|---|
| Revenue | 297 | 439 | 237 | +25.4% |
| Gross profit | 47.2 | 77.3 | 49.5 | -4.6% |
| Gross margin | 15.9% | 17.6% | 20.9% | |
| Operating income | -67.9 | -11.5 | -30.5 | n/a |
| Operating margin | -22.9% | -2.6% | -12.9% | |
| Pre-tax income | -71.2 | -14.4 | -32.6 | n/a |
| Income tax | -21.2 | -3.8 | -9.4 | n/a |
| Net income | -50.0 | -10.6 | -23.2 | n/a |
| Net margin | -16.9% | -2.4% | -9.8% |
$ million except per share.
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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 FY2022 | Q3 FY2022 | Q4 FY2021 | Change on the year |
|---|---|---|---|---|
| Operating cash flow | 65.3 | 74.0 | 9.4 | +593.7% |
| Capital expenditure | 7.0 | 4.5 | 3.4 | +105.3% |
| Free cash flow | 58.3 | 69.5 | 6.0 | +872.5% |
| Free cash flow margin | 19.7% | 15.8% | 2.5% | |
| Cash from investing | -7.9 | -11.3 | -3.5 | n/a |
| Cash from financing | -51.8 | -71.5 | -6.7 | n/a |
| Depreciation and amortisation | 8.3 | 8.1 | 8.9 | -7.5% |
| Dividends paid | 5.8 | 5.9 | 5.9 | -1.2% |
| Diluted shares, weighted | n/a | 37m | n/a | n/a |
| Shares outstanding at period end | 36m | 36m | 39m | -7.4% |
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 FY2022 | Q3 FY2022 | Q4 FY2021 | Change on the year |
|---|---|---|---|---|
| Debt | 184 | 225 | 119 | +55.4% |
| Operating lease liabilities | 81.4 | 78.0 | 84.0 | -3.1% |
| Total liabilities and equity | 912 | 983 | 854 | +6.9% |
| Fixed assets | 108 | 105 | 99.1 | +8.7% |
| Goodwill | 254 | 256 | 253 | +0.3% |
| Intangible assets | 84.5 | 88.9 | 95.5 | -11.5% |
| Securities held for sale or to maturity | 66.7 | 66.9 | 69.9 | -4.7% |
| Cash and equivalents | 14.6 | 9.0 | 4.8 | +206.7% |
| Receivables | 138 | 187 | 99.7 | +38.7% |
| Inventory | 83.6 | 82.4 | 61.2 | +36.6% |
| Other assets | 163 | 188 | 170 | -4.3% |
| Total assets | 912 | 983 | 854 | +6.9% |
Questions
What was Star Group's revenue in Q4 FY2022?
Star Group (SGU) reported revenue of $297 million for Q4 FY2022, the quarter ended 30 September 2022, up 25.4% on the same quarter a year earlier.
How much did Star Group earn in Q4 FY2022?
Net loss for Q4 FY2022 was $50 million.
When did Star Group report Q4 FY2022 results?
Star Group filed its 10-K for the quarter ended 30 September 2022 with the SEC on 7 December 2022.
Quarterly results, the last 20 quarters
| Q4 FY2021 | Q1 FY2022 | Q2 FY2022 | Q3 FY2022 | Q4 FY2022 | Q1 FY2023 | Q2 FY2023 | Q3 FY2023 | Q4 FY2023 | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 237 | 488 | 783 | 439 | 297 | 648 | 738 | 300 | 267 | 528 | 666 | 332 | 240 | 488 | 743 | 306 | 248 | 539 | 767 | 358 |
| Gross profit | 49.5 | 140 | 220 | 77.3 | 47.2 | 153 | 203 | 64.4 | 50.7 | 150 | 206 | 88.2 | 57.9 | 158 | 260 | 85.9 | 59.4 | n/a | n/a | n/a |
| Gross margin | 21% | 29% | 28% | 18% | 16% | 24% | 28% | 21% | 19% | 28% | 31% | 27% | 24% | 32% | 35% | 28% | 24% | n/a | n/a | n/a |
| Operating income | -30.5 | 22.6 | 117 | -11.5 | -67.9 | 23.6 | 91.5 | -29.6 | -23.0 | 21.6 | 100 | -12.3 | -48.6 | 49.2 | 125 | -19.2 | -40.9 | 54.2 | 157 | -34.1 |
| Operating margin | -13% | 5% | 15% | -3% | -23% | 4% | 12% | -10% | -9% | 4% | 15% | -4% | -20% | 10% | 17% | -6% | -17% | 10% | 21% | -10% |
| Interest expense | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 3.6 | n/a | n/a | n/a | 3.6 |
| Pre-tax income | -32.6 | 20.3 | 114 | -14.4 | -71.2 | 19.0 | 86.3 | -33.2 | -26.2 | 18.2 | 96.2 | -15.2 | -50.6 | 45.9 | 121 | -23.1 | -40.6 | 50.2 | 153 | -37.9 |
| Tax rate | n/a | 29% | 29% | n/a | n/a | 29% | 28% | n/a | n/a | 29% | 29% | n/a | n/a | 28% | 29% | n/a | n/a | 29% | 29% | n/a |
| Net income | -23.2 | 14.5 | 81.4 | -10.6 | -50.0 | 13.5 | 62.0 | -23.9 | -19.7 | 13.0 | 68.4 | -11.0 | -35.1 | 32.9 | 85.9 | -16.6 | -28.7 | 35.8 | 108 | -28.0 |
| Net margin | -10% | 3% | 10% | -2% | -17% | 2% | 8% | -8% | -7% | 2% | 10% | -3% | -15% | 7% | 12% | -5% | -12% | 7% | 14% | -8% |
| Operating cash flow | 9.4 | -65.9 | -39.6 | 74.0 | 65.3 | -92.7 | 78.9 | 117 | 20.9 | -60.3 | 55.1 | 77.5 | 38.6 | -64.6 | 48.6 | 72.5 | 14.4 | -55.2 | -5.9 | 118 |
| Capital expenditure | 3.4 | 3.8 | 3.3 | 4.5 | 7.0 | 3.1 | 2.1 | 1.5 | 2.4 | 3.2 | 2.8 | 1.6 | 3.0 | 4.0 | 2.5 | 3.8 | 4.6 | 4.6 | 3.2 | 2.5 |
| Free cash flow | 6.0 | -69.7 | -42.9 | 69.5 | 58.3 | -95.8 | 76.8 | 115 | 18.6 | -63.5 | 52.3 | 76.0 | 35.6 | -68.6 | 46.1 | 68.7 | 9.8 | -59.7 | -9.1 | 116 |
| Dividends paid | 5.9 | 5.8 | 5.6 | 5.9 | 5.8 | 5.8 | 5.7 | 6.1 | 6.1 | 6.1 | 6.1 | 6.5 | 6.3 | 6.3 | 6.3 | 6.8 | 6.6 | 6.5 | 6.5 | 6.9 |
| Shares outstanding | 39m | 38m | 37m | 36m | 36m | 36m | 36m | 36m | 36m | 36m | 35m | 35m | 35m | 35m | 35m | 34m | 33m | 33m | 33m | 33m |
| Filing | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q |
Each quarter as filed, linked to its filing.
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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.10-K for the period ended 30 September 2022, filed 7 December 2022: the filing.