How did EBR's earnings perform in Q4 2022 compared to previous quarters?
4/11/2025 11:17am
EBR's earnings performance in Q4 2022 was relatively weak compared to the previous quarters of 2024, as indicated by the following key points:
1. **Net Income Decline**: The net income for Q4 2024 was not available, but it was mentioned that the net income for the full year 2024 was $30 million, which is a decrease from the $37.7 million reported in 2023.
2. **Gross Margin Pressure**: There was a decrease in gross margin from the previous year, with the gross margin for 2024 being 16.8% compared to 18% in 2023.
3. **Operating Income Reduction**: The operating income for Q4 2024 was $8.7 million, which is lower than the $13.6 million reported for Q4 2023.
Overall, EBR's financial performance in Q4 2024 was under pressure compared to the earlier parts of 2024 and the corresponding quarter of the previous year.