Brickworks Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Brickworks (ASX:BKW) Full Year 2023 Results
Key Financial Results
Revenue: AU$1.18b (up 8.1% from FY 2022).
Net income: AU$405.3m (down 53% from FY 2022).
Profit margin: 34% (down from 80% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: AU$2.66 (down from AU$5.73 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Brickworks Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 20%.
Looking ahead, revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Australia are expected to grow by 4.1%.
Performance of the Australian Basic Materials industry.
The company's shares are down 9.5% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Brickworks (1 doesn't sit too well with us) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
