J.M. Smucker (SJM) FY2024 results: revenue $8.2 billion, down 4.1% on the year
J.M. Smucker Co. (SJM) reported revenue of $8.2 billion for fiscal 2024, the year ended 30 April 2024, down 4.1% on the year before. Net income was $744 million, and diluted earnings per share $7.13. The figures are the company's own, from the 10-K it filed with the SEC on 18 June 2024.
Revenue
$8.2 billion
-4.1% on the year
FY2017FY2024
Operating margin
16.0%
1.8% a year earlier
FY2017FY2024
Net income
$744 million
FY2017FY2024
Diluted EPS
$7.13
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
1,229
1,194
1,136
+2.9%
Capital expenditure
586
477
418
+22.9%
Free cash flow
643
717
719
-10.3%
Free cash flow margin
7.9%
8.4%
9.0%
Cash from investing
-3,965
256
-356
Cash from financing
2,142
-965
-944
Depreciation and amortisation
431
431
459
-0.0%
Share-based compensation
23.9
25.6
22.3
-6.6%
Buybacks
373
368
270
+1.4%
Dividends paid
438
430
418
+1.7%
Dividend per share
$4.24
$4.08
$3.96
+3.9%
Diluted shares, weighted
n/a
n/a
108m
Shares outstanding at period end
106m
104m
106m
+1.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
7,694
7,291
8,140
+5.5%
Short-term borrowings
n/a
0.0
n/a
Debt
8,364
4,314
4,491
+93.9%
Operating lease liabilities
144
77.2
76.2
+85.9%
Finance lease liabilities
8.3
2.2
2.5
+277.3%
Other liabilities
4,064
3,307
3,346
+22.9%
Total liabilities and equity
20,274
14,991
16,055
+35.2%
Fixed assets
3,073
2,240
2,132
+37.2%
Goodwill
7,650
5,217
6,016
+46.6%
Intangible assets
7,255
4,429
5,652
+63.8%
Cash and equivalents
62.0
656
170
-90.5%
Receivables
736
598
525
+23.2%
Inventory
1,039
1,010
1,089
+2.9%
Other assets
458
842
471
-45.6%
Total assets
20,274
14,991
16,055
+35.2%
10-K for the year ended 30 April 2024, filed 18 June 2024: the filing.