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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 4.28B | 24.3% |
Gross Profit | 2.93B | 40.5% |
Cost of Revenue | 1.35B | 0.5% |
Operating expense | 3.24B | 8.3% |
Net Income | 720M | 115.6% |
EBITDA | 1.73B | 44.9% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 66.7B | 0.5% |
Total Liabilities | 45.1B | 0.2% |
Total Equity | 21.6B | 2.2% |
Shares Outstanding | 346M | 0% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 573M | 41.2% |
Cash from investing | -1.34B | 0.8% |
Cash from financing | -249M | 124.2% |
EPS
Financial Highlights for Consolidated Edison in Q1 '24
Consolidated Edison reported a revenue of 4.28B, which is a 24.3% 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 2.93B, marking a 40.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.35B, a -0.5% 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 3.24B, showing a 8.3% 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 720M, showing a 115.6% 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 1.73B, showing a 44.9% 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 Consolidated Edison with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.