earnings
confidence high
sentiment positive
materiality 0.75
Dolby Q4 revenue $305M, GAAP EPS $0.61, non-GAAP $0.81; new $250M revolver
Dolby Laboratories, Inc.
2024-FY EPS reported
$2.69
revenue$1,273,721,000
- Q4 revenue $305M (up 5% YoY); GAAP net income $59M ($0.61) vs $9M ($0.09) YoY; non-GAAP net income $78M ($0.81) vs $64M ($0.65).
- FY2024 revenue $1.27B (down 2% YoY); GAAP net income $262M ($2.69); non-GAAP $369M ($3.79); operating cash flow $327M.
- Closed GE Licensing acquisition for imaging patents; expects accretive to non-GAAP margins and earnings in FY2025.
- Entered $250M unsecured revolving credit facility (Bank of America), undrawn, five-year term; includes $150M incremental capacity.
- Declared $0.33 per share cash dividend payable Dec 10, 2024 to holders of record Dec 3, 2024.