Delek US Holdings, Inc. [DK] has reported a net loss of $46.7 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $16.9 billion
Based in BRENTWOOD, Tennessee, Delek US Holdings, Inc. operates in the MANUFACTURING sector.
Consolidated Statements of Income - USD ($) in Millions 12 Months Ended Dec. 31, 2023, Dec. 31, 2022, Dec. 31, 2021
Net revenues for the 12 months ended December 31, 2023, totaled $16,917.4 million compared to $20,245.8 million in the same period of 2022 and $10,648.2 million in 2021.
Cost of sales for the period consisted of cost of materials and other expenses amounting to $15,112.0 million in 2023, $18,355.6 million in 2022, and $9,643.9 million in 2021.
Operating income for the current reporting period was $279.9 million, a decrease from $489.5 million in 2022 and an improvement from a loss of $34.7 million in 2021.
Net income for the 12 months ended December 31, 2023, was $46.7 million, a significant decrease from $290.5 million in 2022 and an improvement from a loss of $95.3 million in 2021.
The basic income per share for the current period was $0.30, down from $3.63 in 2022, while the diluted income per share was also $0.30, compared to $3.59 in 2022.
Overall, there has been a decline in net revenues, operating income, and net income for the current reporting period compared to the previous year, signaling challenges faced by the company.
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