Value Line, Inc., (NASDAQ: VALU) reported results for the fiscal
year ended April 30, 2024. During the twelve months ended April 30,
2024, the Company’s net income of $19,016,000, or $2.02 per share,
was 5.2% above net income of $18,069,000, or $1.91 per share, for
the twelve months ended April 30, 2023. The Company’s receipts of
$13,282,000 from its non-voting revenues interest in EAM and
non-voting profits interest in EAM increased $2,151,000 or 19.3%
above the prior fiscal year. For the twelve months ended April 30,
2024, excluding restructuring costs related to outsourcing to two
U.S. based companies of certain fulfillment and distribution
operations, operating expenses decreased approximately 1.0% below
those during the twelve months ended April 30, 2023.
During the three months ended April 30, 2024,
the Company’s net income of $4,784,000, or $0.51 per share, was
18.6% above net income of $4,033,000, or $0.43 per share, for the
three months ended April 30, 2023. The Company’s revenues of
$3,941,000 from its non-voting revenues interest in EAM and
non-voting profits interest in EAM increased $1,326,000 or 50.7%
above the prior fiscal year.
Total dividends declared during fiscal year 2024
were $1.14 per share. In April 2024, the Company declared a
quarterly dividend of $0.30 per share which represents the tenth
consecutive year of increases for the 93-year old investment
research icon. Based on a full year at the new rate, the new
dividend level will be $1.20 per share. Based on the closing stock
price April 30, 2024, the dividend yield was approximately
3.3%.
Retained earnings at April 30, 2024, were
$104,249,000, an increase of 8.6% compared to retained earnings at
April 30, 2023. The Company’s liquid assets at April 30, 2024, were
$68,345,000, a 10.1% increase from liquid assets at April 30, 2023.
Shareholders’ equity reached $90,793,000 at April 30, 2024, an
increase of 8.5% from the shareholders’ equity of $83,673,000 as of
April 30, 2023.
The Company’s annual report on Form 10-K has
been filed with the SEC and is available on the Company’s website
at www.valueline.com/About/corporate_filings.aspx. Shareholders may
receive a printed copy, free of charge upon request to the Company
at the address above, Attn: Corporate Secretary.
Value Line, Inc. is a leading New York based
provider of investment research. The Value Line Investment
Survey is one of the most widely used sources of
independent equity investment research. Value Line also publishes a
range of proprietary investment research in both print and digital
formats including research in the areas of Mutual Funds, ETFs and
Options. Value Line’s acclaimed research also enables the Company
to provide specialized products such as Value Line Select,
The Value Line Special Situations Service, Value Line Select ETFs,
Value Line Select: Dividend Income & Growth, The New Value Line
ETFs Service, The Value Line M&A Service, Information You
Should Know Wealth Newsletter, The Value Line
Climate Change Investing Service and certain Value
Line copyrights, distributed under agreements including
certain proprietary ranking system information and other
proprietary information used in third party products. Value Line’s
products are available to individual investors by mail, at
www.valueline.com or by calling 1-800-VALUELINE or 1-800-825-8354,
while institutional-level services for professional investors,
advisers, corporate, academic, and municipal libraries are offered
at www.ValueLinePro.com, www.ValueLineLibrary.com and by calling
1-800-531-1425.
Cautionary Statement Regarding
Forward-Looking Information
In this report, “Value Line,” “we,” “us,” “our”
refers to Value Line, Inc. and “the Company” refers to Value Line
and its subsidiaries unless the context otherwise requires.
This report contains statements that are
predictive in nature, depend upon or refer to future events or
conditions (including certain projections and business trends)
accompanied by such phrases as “believe”, “estimate”, “expect”,
“anticipate”, “will”, “intend” and other similar or negative
expressions, that are “forward-looking statements” as defined in
the Private Securities Litigation Reform Act of 1995, as amended.
Actual results for Value Line, Inc. (“Value Line” or “the Company”)
may differ materially from those projected as a result of certain
risks and uncertainties, including but not limited to the
following:
- maintaining revenue from subscriptions for the Company’s
digital and print published products;
- changes in investment trends and economic conditions, including
global financial issues;
- changes in Federal Reserve policies affecting interest rates
and liquidity along with resulting effects on equity markets;
- stability of the banking system, including the success of U.S.
government policies and actions in regard to banks with liquidity
or capital issues, along with the associated impact on equity
markets;
- continuation of orderly markets for equities and corporate and
governmental debt securities;
- problems protecting intellectual property rights in Company
methods and trademarks;
- protecting confidential information including customer
confidential or personal information that we may possess;
- dependence on non-voting revenues and non-voting profits
interests in EULAV Asset Management, a Delaware statutory trust
(“EAM” or “EAM Trust”), which serves as the investment advisor to
the Value Line Funds and engages in related distribution, marketing
and administrative services;
- fluctuations in EAM’s and third party copyright assets under
management due to broadly based changes in the values of equity and
debt securities, sectoral variations, redemptions by investors and
other factors;
- possible changes in the valuation of EAM’s intangible assets
from time to time;
- possible changes in future revenues or collection of
receivables from significant customers;
- dependence on key executive and specialist personnel;
- risks associated with the outsourcing of certain functions,
technical facilities, and operations, including in some instances
outside the U.S.;
- competition in the fields of publishing, copyright and
investment management, along with associated effects on the level
and structure of prices and fees, and the mix of services
delivered;
- the impact of government regulation on the Company’s and EAM’s
businesses;
- federal and/or state legislative changes that might affect
Value Line’s business;
- the availability of free or low cost investment information
through discount brokers or generally over the internet;
- the economic and other impacts of global political and military
conflicts;
- continued availability of generally dependable energy supplies
and transportation facilities in the geographic areas in which the
company and certain suppliers operate;
- terrorist attacks, cyber attacks and natural disasters;
- insufficiency in our business continuity plans or systems in
the event of anticipated or unpredictable disruption;
- widespread illnesses which drastically affect markets,
employment, and other economic conditions, and may have additional
unpredictable impacts on employees, suppliers, customers, and
operations;
- changes in prices and availability of materials and other
inputs and services, such as freight and postage, required by the
Company;
- other risks and uncertainties, including but not limited to the
risks described in Part I, Item 1A, “Risk Factors” of this
Company’s Annual Report on Form 10-K for the year ended April 30,
2024; and other risks and uncertainties arising from time to
time.
These factors are not necessarily all of the
important factors that could cause actual results to differ
materially from those expressed in any of our forward-looking
statements. Other unknown or unpredictable factors which may
involve external factors over which we may have no control or
changes in our plans, strategies, objectives, expectations or
intentions, which may happen at any time at our discretion, could
also have material adverse effects on future results. Except as
otherwise required to be disclosed in periodic reports required to
be filed by public companies with the SEC pursuant to the SEC's
rules, we have no duty to update these statements, and we undertake
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. In light of these risks and uncertainties, current
plans, anticipated actions, and future financial conditions and
results may differ from those expressed in any forward-looking
information contained herein.
www.valueline.comwww.ValueLinePro.com, www.ValueLineLibrary.comFacebook | LinkedIn | TwitterComplimentary
Value Line® Reports on Dow 30 Stocks
Contact: Howard A. Brecher
Value Line, Inc.
212-907-1500
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