AMREP Q3 FY2024 net income $92K ($0.02/dil) vs $16.6M ($3.12) YoY

AMREP CORP.

2024-Q3 EPS reported $0.48 revenue$31,833,000

Q3 revenue $12.7M, up 39% YoY from $9.1M; net income plunged 99% due to prior-year $16.1M tax benefit.
Nine-month net income $2.5M ($0.48/dil) vs $22.1M ($4.17/dil); revenue $31.8M vs $36.0M.
Prior-year Q3 included $16.1M non-cash tax benefit from worthless stock deduction and $2.3M pension settlement expense.
Company remains a land holder and homebuilder in New Mexico; 10-Q filed with SEC.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMREP CORP. reported the three and nine month periods ended January 31, 2024 results: revenue $12,689,000 and $31,833,000, net income $92,000 and $2,546,000, EPS $0.02 per diluted share and $0.48 per diluted share.

Period: the three and nine month periods ended January 31, 2024
Revenue: $12,689,000 and $31,833,000
Net income: $92,000 and $2,546,000
EPS: $0.02 per diluted share and $0.48 per diluted share
Result: reported results

Exact text from the filing

AMREP had net income of $2,546,000, or $0.48 per diluted share, compared to net income of $22,107,000, or $4.17 per diluted share, for the same period of 2023. Revenues were $12,689,000 and $31,833,000 for the third quarter and first nine months of 2024 and $9,117,000 and $35,975,000 for the third quarter and first nine months of 2023. During the third quarter of

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AMREP CORP. filing history →

Source: SEC EDGAR

accession 0001104659-24-032436

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