Casey's first-quarter diluted EPS rises 7% to $4.83; net income $180 million
Casey's reported results for the quarter ended July 31, 2024, with diluted EPS of $4.83, up from $4.52 a year earlier, and net income of $180.2 million, up from $169.2 million. The company kept its fiscal 2025 outlook unchanged until the pending Fikes Wholesale acquisition closes, except for store growth, now expected to be about 270 units. At its August 28 annual meeting, shareholders re-elected all eleven director nominees and rejected both shareholder proposals.
- Diluted EPS was $4.83 versus $4.52; EBITDA was $345.8 million versus $316.9 million.
- Fuel margin was 40.7 cents per gallon, down from 41.6 cents a year earlier.
- The Fikes Wholesale acquisition, including 198 CEFCO stores, is expected to close in calendar 2024.
- The quarterly dividend is $0.50 per share, payable November 15, 2024; no shares were repurchased in the quarter.