Glass House Brands (GLAS) Restructuring Costs (2022 - 2024)
Glass House Brands (GLAS) posted quarterly Restructuring Costs of $6.5 million for Q1 2024, down 67.13% year-over-year from $19.7 million in Q2 2023, and down 79.68% quarter-over-quarter from $31.8 million in Q4 2023.
Glass House Brands (GLAS) Restructuring Costs (2022 - 2024) Analysis & Trends
Glass House Brands (GLAS) has reported Restructuring Costs for 3 consecutive years, with $6.5 million the latest figure, recorded in Q1 2024.
- In Q1 2024, Restructuring Costs fell 67.13% year-over-year to $6.5 million; the TTM figure through Mar 2024 stood at $60.0 million (changed N/A YoY), while the FY2023 annual figure was $31.8 million, up 1425.22% from the prior year.
- Restructuring Costs declined to $6.5 million in Q1 2024 per GLAS's latest filing, from $31.8 million in the prior quarter.
- Across five years, Restructuring Costs topped out at $31.8 million in Q4 2023 and bottomed at $535000.0 in Q1 2022.
- Historically, Restructuring Costs has averaged $12.1 million across 3 years, with a median of $6.5 million in 2024.
- Annual changes were most pronounced in 2023 — Restructuring Costs surged 3576.64% — and 2024, when it plunged 67.13%.
- Glass House Brands' Restructuring Costs stood at $2.1 million in 2022, then jumped by 1425.22% to $31.8 million in 2023, then plunged by 79.68% to $6.5 million in 2024.
- Business Quant data shows GLAS's Restructuring Costs at $6.5 million in Q1 2024, $31.8 million in Q4 2023, and $19.7 million in Q1 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Haleon | 43.89 Bn | 42.93 Bn | - |
| 2 | Teva Pharmaceutical Industries | 43.01 Bn | 39.35 Bn | 2.15 Bn |
| 3 | Zoetis | 31.52 Bn | 29.84 Bn | 1.05 Bn |
| 4 | Takeda Pharmaceutical | 28.61 Bn | 22.81 Bn | 5.10 Bn |
| 5 | United Therapeutics | 22.17 Bn | 19.51 Bn | 683.80 Mn |
| 6 | Viatris | 18.73 Bn | 17.85 Bn | 1.46 Bn |
| 7 | Neurocrine Biosciences | 15.51 Bn | 15.12 Bn | 935.80 Mn |
| 8 | Elanco Animal Health | 11.75 Bn | 11.22 Bn | 798.00 Mn |
| 9 | Dr Reddys Laboratories | 10.12 Bn | 9.96 Bn | - |
| 10 | Glass House Brands | 830.21 Mn | 811.66 Mn | 15.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 6.47 Mn |
| Dec 31, 2023 | 31.82 Mn |
| Mar 31, 2023 | 19.67 Mn |
| Dec 31, 2022 | 2.09 Mn |
| Mar 31, 2022 | 535,000.00 |