Elementis Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Elementis (LON:ELM) Full Year 2023 Results
Key Financial Results
Revenue: US$713.4m (down 3.1% from FY 2022).
Net income: US$28.2m (up from US$62.6m loss in FY 2022).
Profit margin: 4.0% (up from net loss in FY 2022). The move to profitability was driven by lower expenses.
EPS: US$0.048 (up from US$0.11 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Elementis Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 44%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.8% decline forecast for the Chemicals industry in the United Kingdom.
Performance of the British Chemicals industry.
The company's shares are down 3.4% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Elementis' balance sheet and an in-depth analysis of the company's financial position.
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