earnings
confidence high
sentiment negative
materiality 0.70
Phibro Q4 adj diluted EPS up 5% to $0.38; full-year net income down 34%
PHIBRO ANIMAL HEALTH CORP
- Q4 net sales $255.0M (flat YoY); net income $11.5M (+54%); adj diluted EPS $0.38 (+5%).
- FY2023 net sales $977.9M (+4%); net income $32.6M (-34%); adj diluted EPS $1.21 (-8%).
- FY2024 guidance: net sales $1.0-1.05B; adj EBITDA $115-121M; adj diluted EPS $1.12-1.27.
- Animal Health FY sales +9% to $659.9M; Mineral Nutrition -6%; gross leverage 4.2x.
- Free cash flow negative $24M; liquidity $248M; pension settlement to incur ~$10.4M expense in Q1 FY2024.