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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 408M | 1.5% |
| Gross Profit | 209M | 47.2% |
| Cost of Revenue | 199M | 23.5% |
| Operating expense | 297M | 18% |
| Net Income | 88M | 316.3% |
| EBITDA | 121M | 143.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.04B | 6.6% |
| Total Liabilities | 901M | 4.2% |
| Total Equity | 1.08B | 6.5% |
| Shares Outstanding | 79M | 1.7% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 117M | 32.1% |
| Cash from investing | -8.3M | 332.4% |
| Cash from financing | -52M | 64.5% |
EPS
Financial Highlights for Federated Hermes in Q3 '24
Federated Hermes reported a revenue of 408M, which is a 1.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 209M, marking a 47.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 199M, a -23.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 297M, showing a -18% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 88M, showing a 316.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 121M, showing a 143.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Federated Hermes with growth in revenue, gross profit, and net income.
