Calumet Specialty Products Partners Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Calumet Specialty Products Partners (NASDAQ:CLMT) Full Year 2023 Results
Key Financial Results
Revenue: US$4.18b (down 11% from FY 2022).
Net income: US$47.1m (up from US$169.8m loss in FY 2022).
Profit margin: 1.1% (up from net loss in FY 2022). The move to profitability was driven by lower expenses.
EPS: US$0.59 (up from US$2.14 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Calumet Specialty Products Partners Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 39%.
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 1.5% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Calumet Specialty Products Partners has 3 warning signs (and 2 which make us uncomfortable) we think you should know about.
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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.
