Star Group Q1 revenue up 10.5%, helped by colder weather

Star Group LP

Star Group LP

SGU

0.00


Overview

  • Home energy distributor's fiscal Q1 revenue rose 10.5% yr/yr to $539.3 mln

  • Net income for fiscal Q1 increased by $2.9 mln to $35.8 mln

  • Fiscal Q1 Adjusted EBITDA rose 32% yr/yr to $68.4 mln


Outlook

  • Star Group notes colder weather continues to impact demand into the second quarter

  • Company focuses on maintaining customer service and controlling costs going forward


Result Drivers

  • COLDER WEATHER - Temperatures were 18.8% colder than last year, boosting demand for heating products

  • ACQUISITIONS - Recent acquisitions contributed to a 13.9% increase in heating oil and propane volumes

  • SERVICE EXPANSION - Growth in service and installation revenue supported overall revenue increase


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

$539.26 mln

Q1 Net Income

$35.79 mln

Q1 Adjusted EBITDA

$68.39 mln

Q1 Operating Income

$54.24 mln

Q1 Pretax Profit

$50.16 mln

Press Release: ID:nGNXydpgS

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