SharkNinja Inc. (SN), a leading innovator in household appliances and consumer products, reported stellar fourth-quarter and full-year 2024 results, sending its shares soaring 8.45% in pre-market trading on Thursday.

The company delivered record-breaking financial performance, driven by robust demand across its expanding product portfolio, fueled by its proven three-pillar growth strategy of market share gains, category expansion, and accelerating global presence.

Q4 2024 Highlights:

• Net sales surged 29.7% to $1.79 billion, beating estimates of $1.63 billion.
• Adjusted earnings per share (EPS) jumped 48.9% to $1.40, exceeding expectations of $1.27.
• Food Preparation Appliances segment led growth, with sales skyrocketing 89% to $342 million, propelled by strong sales of ice cream makers and frozen drink appliances.
• Adjusted EBITDA rose 32.5% to $290.5 million, or 16.3% of net sales.

Full Year 2024 Highlights:

• Net sales jumped 30% to $5.53 billion, surpassing expectations.
• Adjusted EPS climbed 35.6% to $4.37, beating estimates.
• Adjusted EBITDA increased 32.2% to $951.1 million, or 17.2% of net sales.

For fiscal 2025, SharkNinja expects net sales to grow 10% to 12%, including the impact of an additional 10% tariff on imports from China. Adjusted EPS is projected to range between $4.80 and $4.90, representing a 12% to 15% increase over the prior year.

"Our remarkable execution, combined with our robust innovation pipeline and deep consumer insights, has strengthened our competitive position in our large and growing addressable market," said Mark Barrocas, Chief Executive Officer of SharkNinja. "As we enter 2025, we are energized by the tremendous opportunities ahead and remain confident in our ability to drive sustainable, profitable growth and long-term value creation for our stakeholders."