8-K
filed June 6, 2023, 7:59 PM ET
ticker CASY
CIK 0000726958
earnings
confidence high
sentiment positive
materiality 0.75
CASEYS GENERAL STORES INC (CASY): debt financing — Casey's Q4 EPS $1.49 (down 7% YoY); full year EPS $11.91 (+31%); raises dividend 13% to $0.43
CASEYS GENERAL STORES INC
2023-FY EPS reported
$11.91
revenue$15,094,475,000
- Q4 diluted EPS $1.49 vs $1.60 a year ago; inside same-store sales +6.5%, fuel gallons flat.
- Full year FY2023 diluted EPS $11.91 (+30.9%); net income $446.7M (+31.5%); adjusted EBITDA $959.3M (+19.9%).
- Board increased quarterly dividend 13% to $0.43 per share; 24th consecutive annual increase; payable Aug 15, record Aug 1.
- FY2024 outlook: inside same-store sales +3-5%, inside margin ~40-41%, ~110 new stores, capex $500-550M.
- Renewed and increased unsecured line of credit to $50M with UMB Bank; initial rate 5.850%, payable on demand.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
CASEYS GENERAL STORES INC incurred loan of $50 million with UMB Bank, n.a. at variable rate based on the federal funds effective rate, plus an applicable marg maturing upon UMB's demand.
- Instrument
- loan
- Principal
- $50 million
- Counterparty
- UMB Bank, n.a.
- Rate
- variable rate based on the federal funds effective rate, plus an applicable marg
- Maturity
- upon UMB's demand
- Event
- incurrence
Exact text from the filing
On June 1, 2023, the Company executed and delivered to UMB Bank, n.a. (“UMB”) a promissory note in the principal amount of $50 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CASEYS GENERAL STORES INC reported Three months ended April 30, 2023 results: net income $56,092, EPS $1.49.
- Period
- Three months ended April 30, 2023
- Net income
- $56,092
- EPS
- $1.49
- Result
- reported results
Exact text from the filing
Net income (in thousands) $ 56,092 $ 59,777 $ 446,691 $ 339,790 Diluted earnings per share $ 1.49 $ 1.60 $ 11.91 $ 9.10
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CASEYS GENERAL STORES INC reported Twelve months ended April 30, 2023 results: net income $446,691, EPS $11.91.
- Period
- Twelve months ended April 30, 2023
- Net income
- $446,691
- EPS
- $11.91
- Result
- reported results
Exact text from the filing
Net income (in thousands) $ 56,092 $ 59,777 $ 446,691 $ 339,790 Diluted earnings per share $ 1.49 $ 1.60 $ 11.91 $ 9.10
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CASEYS GENERAL STORES INC entered into Note with UMB Bank, n.a. valued at $50 million (effective 2023-06-01).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- UMB Bank, n.a.
- Value
- $50 million
- Effective
- 2023-06-01
Exact text from the filing
On June 1, 2023, the Company executed and delivered to UMB Bank, n.a. (“UMB”) a promissory note in the principal amount of $50 million (the “Note”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CASEYS GENERAL STORES INC terminated Prior Note with UMB Bank, n.a. valued at $25 million (effective 2023-06-01).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- UMB Bank, n.a.
- Value
- $25 million
- Effective
- 2023-06-01
Exact text from the filing
evidenced by a prior promissory note dated April 27, 2018 in the principal amount of $25 million, which promissory note is being concurrently terminated [the “Prior Note”])
View on SEC.gov
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