Unitil (UTL) FY2024 results: revenue $495 million, down 11.2% on the year
Unitil Corp. (UTL) reported revenue of $495 million for fiscal 2024, the year ended 31 December 2024, down 11.2% on the year before. Net income was $47 million, up 4.2%, and diluted earnings per share $2.93. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2025.
Revenue
$495 million
-11.2% on the year
FY2017FY2024
Operating margin
18.3%
15.6% a year earlier
FY2017FY2024
Net income
$47 million
+4.2% on the year
FY2017FY2024
Diluted EPS
$2.93
+3.9% 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
126
107
97.7
+17.7%
Capital expenditure
170
141
122
+20.5%
Free cash flow
-44.0
-34.0
-24.4
Free cash flow margin
-8.9%
-6.1%
-4.3%
Cash from investing
-170
-141
-122
Cash from financing
43.8
31.5
26.9
+39.0%
Dividends paid
27.5
26.2
25.1
+5.0%
Dividend per share
$1.70
$1.62
$1.56
+4.9%
Diluted shares, weighted
16m
16m
16m
+0.3%
Shares outstanding at period end
16m
16m
16m
+0.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
512
489
468
+4.7%
Debt
749
676
612
+10.8%
Operating lease liabilities
4.9
3.7
2.8
+32.4%
Finance lease liabilities
0.4
0.4
0.1
0.0%
Other liabilities
528
501
508
+5.3%
Total liabilities and equity
1,794
1,670
1,590
+7.4%
Goodwill
0.0
n/a
n/a
Trading assets
6.3
6.0
5.8
+5.0%
Cash and equivalents
6.3
6.5
9.0
-3.1%
Receivables
75.0
75.0
73.8
0.0%
Other assets
1,707
1,583
1,502
+7.8%
Total assets
1,794
1,670
1,590
+7.4%
10-K for the year ended 31 December 2024, filed 10 February 2025: the filing.