NASDAQ$PAHC
Phibro Animal Health Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Phibro Animal Health Corporation reported mixed Q4 2023 results with a slight decrease in net sales but an increase in net income and EPS.
Phibro Animal Health Corporation reported Q4 2023 results with net sales of $255.0 million, a slight decrease of $0.2 million. However, net income increased by $4.0 million to $11.5 million, and diluted EPS also increased by $0.10 to $0.28. The company provided FY 2024 guidance, projecting net sales of $1.0 to $1.05 billion and adjusted EBITDA of $115 to $121 million.
- Net sales decreased slightly by $0.2 million to $255.0 million.
- Net income increased significantly by $4.0 million to $11.5 million.
- Diluted EPS increased by $0.10 to $0.28.
- The company is optimistic about opportunities related to vaccines and nutritional specialties in fiscal year 2024.
Headline financials
Revenue & EPS history
Phibro · Revenue · Quarterly
$255M
Revenue by segment
Phibro · $255M total across 3 segments · Q4 2023
- Animal Health$177M—69.3%
- Mineral Nutrition$58.4M—22.9%
- Performance Products$19.9M—7.8%
Forward guidance
Phibro Animal Health Corporation provided financial guidance for the year ending June 30, 2024, projecting net sales of $1.0 to $1.05 billion and adjusted EBITDA of $115 to $121 million.
Tailwinds
- Net sales of $1.0 to $1.05 billion, 5% growth
- Net income of $31 to $36 million, 2% growth
- Diluted EPS of $0.76 to $0.90, 2% growth
- Adjusted EBITDA of $115 to $121 million, 5% growth
- Adjusted net income of $45 to $51 million, 2% decline
Headwinds
- Adjusted diluted EPS of $1.12 to $1.27, 2% decline
- Adjusted effective tax rate of 33% to 35%
- Mineral Nutrition and Performance Products segments are projected to deliver financial performance in line with the prior fiscal year.
- Assumed projected foreign exchange rates applicable to fiscal year 2024.
- Planned year-over-year increase of $3 million, or 9%, in strategic investments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
-0.1%
Avg return
Earnings day
+1.0%
Avg return
5 days after
-1.4%
Avg return
30 days after
56%
29 / 52 earnings
Positive
+22.0%
Q2 2026
Best reaction
-31.5%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -26.1% | -37.5% | -44.6% | |
| Q2 2026 | +22.0% | +26.2% | +16.9% | |
| Q1 2026 | +4.7% | +10.2% | -4.8% | |
| Q3 2025 | +14.7% | +26.9% | +24.2% | |
| Q2 2025 | +9.9% | +16.8% | +5.7% | |
| Q1 2025 | +2.8% | +11.8% | +1.6% | |
| Q4 2024 | +1.9% | -0.3% | +4.8% | |
| Q3 2024 | +5.5% | +8.0% | +2.3% | |
| Q2 2024 | +5.9% | +12.5% | +19.1% | |
| Q1 2024 | -18.9% | -19.3% | -8.4% | |
| Q4 2023 | -5.8% | -2.0% | -13.8% | |
| Q3 2023 | -8.4% | -8.0% | -12.0% | |
| Q2 2023 | -0.9% | -1.3% | -4.7% | |
| Q1 2023 | -5.5% | -8.0% | -14.2% | |
| Q4 2022 | -4.8% | -7.4% | -24.4% | |
| Q3 2022 | -4.0% | -2.9% | -0.5% | |
| Q2 2022 | +5.7% | +13.7% | +6.0% | |
| Q1 2022 | -0.8% | -0.3% | -10.1% | |
| Q4 2021 | -5.0% | -1.0% | -10.2% | |
| Q3 2021 | +8.1% | +3.9% | +14.7% | |
| Q2 2021 | +7.3% | +7.9% | +7.5% | |
| Q1 2021 | +4.5% | +8.1% | +10.0% | |
| Q4 2020 | +0.9% | +4.6% | -13.0% | |
| Q3 2020 | -4.6% | -4.8% | +15.7% | |
| Q2 2020 | +16.9% | +14.0% | +12.5% | |
| Q1 2020 | -8.1% | -4.8% | -0.0% | |
| Q4 2019 | -31.5% | -35.0% | -32.5% | |
| Q3 2019 | -19.7% | -17.2% | -17.0% | |
| Q2 2019 | -6.4% | -10.4% | -11.8% | |
| Q1 2019 | -8.7% | -12.5% | -22.1% | |
| Q4 2018 | -3.0% | -7.0% | -15.3% | |
| Q3 2018 | +4.2% | +3.2% | +9.7% | |
| Q2 2018 | +6.8% | +4.4% | +16.0% | |
| Q1 2018 | -4.9% | -8.2% | -12.9% | |
| Q4 2017 | -5.1% | -2.4% | -0.9% | |
| Q3 2017 | +6.0% | +10.9% | +18.4% | |
| Q2 2017 | +7.0% | +12.1% | +0.2% | |
| Q1 2017 | +11.3% | +8.9% | +3.4% | |
| Q4 2016 | +15.4% | +24.9% | +28.9% | |
| Q3 2016 | -10.3% | — | — | |
| Q2 2016 | -18.2% | — | — | |
| Q1 2016 | -3.4% | — | — | |
| Q4 2015 | -5.3% | — | — | |
| Q3 2015 | +7.9% | — | — | |
| Q2 2015 | +6.5% | — | — | |
| Q1 2014 | +5.5% | — | — | |
| Q1 2015 | +7.4% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q4 2014 | +12.6% | — | — | |
| Q4 2013 | +1.0% | — | — | |
| Q3 2013 | +1.0% | — | — | |
| Q3 2014 | +1.0% | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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