Prestige Brand Holdings Inc (PBH)

Pretax margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	276,025	-93,915	262,458	204,113	191,151
Revenue	US$ in thousands	1,125,360	1,127,720	1,086,810	943,365	963,010
Pretax margin		24.53%	-8.33%	24.15%	21.64%	19.85%

March 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $276,025K ÷ $1,125,360K
= 24.53%

Prestige Brand Holdings Inc's pre-tax margin has displayed fluctuating performance over the past five years. In the most recent fiscal year ended March 31, 2024, the pre-tax margin stood at 24.53%, indicating that the company retained approximately 24.53% of its revenue before accounting for taxes. This represented a significant improvement compared to the prior year when the pre-tax margin was negative at -8.33%.

The positive pre-tax margin in 2024 suggests that Prestige Brand Holdings Inc effectively managed its operating expenses and generated higher profits relative to its revenue. However, the negative pre-tax margin in 2023 highlights challenges that may have impacted the company's profitability.

When comparing the pre-tax margin in 2024 to earlier years, it is also notable that the company's performance surpassed both 2022 and 2021, showcasing a positive trend in profitability. The consistent improvement in pre-tax margin over the past three years, from 2019 to 2022, indicates potential operational efficiency and strategic decision-making within the organization.

Overall, Prestige Brand Holdings Inc's pre-tax margin analysis reflects a mix of positive and negative trends, showcasing the company's ability to adapt to changing market conditions and effectively manage its finances.