Iluka Resources Full Year 2023 Earnings: Beats Expectations
Iluka Resources (ASX:ILU) Full Year 2023 Results
Key Financial Results
Revenue: AU$1.33b (down 18% from FY 2022).
Net income: AU$342.6m (down 33% from FY 2022).
Profit margin: 26% (down from 31% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: AU$0.81 (down from AU$1.22 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Iluka Resources Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.
Performance of the Australian Metals and Mining industry.
The company's shares are up 9.3% from a week ago.
Risk Analysis
Be aware that Iluka Resources is showing 2 warning signs in our investment analysis and 1 of those can't be ignored...
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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.
