M&A - CASEYS GENERAL STORES INC

Form Type: 10-Q

Filing Date: 2025-03-11

Corporate Action: Acquisition

Type: New

Accession Number: 000072695825000011

Filing Summary: Casey’s General Stores, Inc. reported its quarterly financial results for the period ended January 31, 2025. The company operates 2,893 convenience stores primarily in the Midwest and recorded total revenue of $3.90 billion for the three months ended January 31, 2025, and $11.94 billion for the nine months ended on the same date. Cost of goods sold was reported at $2.99 billion for the quarter and $9.12 billion year-to-date. Operating expenses totaled $670 million and $1.89 billion respectively. The net income for the quarter was $87.1 million, slightly increasing from $86.9 million year-over-year. The earnings per diluted share accounted for $2.33. The balance sheet indicated total assets of $8.22 billion with total liabilities of $4.80 billion, yielding shareholders' equity of $3.42 billion. The company is involved in the acquisition of Fikes Wholesale, notably funding the deal with an incremental term loan and new senior notes. Additionally, there were dividends declared during the quarter at a rate of $0.50 per share and share-based compensation details were noted. Notable regulatory compliance and business segment reporting were also highlighted in their disclosures for this quarter.

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