CSIMarket
 
Under Armour Inc   (UA)
 

Tax Benefit of $147.77 Million Boosts Under Armour Inc's Q4 Earnings and Revenue Growth

A $147.77 million in tax refund, supported Under Armour Inc to present $0.38 eps in the fourth quarter of 2023 earnings season


Published May 25 2023 / Modified May 25 2023
CSIMarket Team / CSIMarket.com


Inside_Store_pdAs a journalist, it is my duty to keep the public informed about the latest financial results of major companies.
Recently, Under Armour Inc, a leading apparel, footwear, and accessories company, has released its Q4 financial results and they are quite impressive.

Compared to the same quarter last year, Under Armour Inc has shown significant improvement.
Their earnings per share (EPS) grew by 68.07% to $0.38, and their revenue grew by -8.52% to $1.40 billion.
However, it is worth noting that in the previous quarter, the company realized revenue of $1.58 billion and a bottom line of $0.27 per share.

Net profits of $170.545 million in the fourth quarter of 2023 earnings season increased by 55.53% from net earnings of $109.657 million reported in the fourth quarter of 2023 earnings season a year ago.
Although the operating margin fell to 2.52%, the company's net margin actually improved to 12.19%.
It is important to keep in mind that the company's earnings rise was largely supported by a $147.77 million tax benefit.
Excluding this, the fourth quarter of 2023 recent numbers should be much more moderate.
Operating earnings fell by -59.06% to $35.259 million, causing Under Armour Inc's operating margin to drop to 2.52% from 5.63% in the fourth quarter of 2021.

Looking further into the company's results for the fiscal year 2023, Under Armour Inc reported revenue of $5.90 billion and earnings of $386.77 million.
The company also noted that income improved by 9.09% to $0.84 per share from $0.77 in the previous fiscal year.
Additionally, revenue increased by 3.87% from $5.68 billion a year ago.

Overall, Under Armour Inc's recent financial results signify a significant improvement, despite the industry's challenging conditions.
Although there are some areas in which the company needs to improve, investors are optimistic about the company's future.
The company is expected to release its next financial results on August 03, 2023, and many are eagerly awaiting to see what the future holds for Under Armour.



Under Armour Inc's Net Profit Margin

Under Armour Inc's Asset Turnover



Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com