Martinrea International Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Martinrea International (TSE:MRE) Full Year 2023 Results
Key Financial Results
Revenue: CA$5.34b (up 12% from FY 2022).
Net income: CA$153.7m (up 16% from FY 2022).
Profit margin: 2.9% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue.
EPS: CA$1.93 (up from CA$1.65 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Martinrea International Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 19%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 9.3% growth forecast for the Auto Components industry in North America.
Performance of the market in Canada.
The company's shares are down 14% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Martinrea International.
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