Phibro Animal Health Corporation Reports Fourth Quarter and Fiscal Year Results, Provides Financial Guidance.

Phibro Animal Health Corporation has released its financial results for the fourth quarter and fiscal year ending June 30, 2024. In the fourth quarter, the company saw an increase in net sales of $18.1 million, or 7%, compared to the same period in the previous year. However, net income decreased by $10.7 million, and diluted earnings per share also decreased. For the full fiscal year, net sales increased by $39.8 million, or 4%, but net income decreased by $30.2 million. Adjusted EBITDA and adjusted net income both saw slight decreases as well. [Extracted from the article]