TI Fluid Systems Full Year 2023 Earnings: EPS Misses Expectations
TI Fluid Systems (LON:TIFS) Full Year 2023 Results
Key Financial Results
Revenue: €3.52b (up 7.6% from FY 2022).
Net income: €83.5m (up from €279.1m loss in FY 2022).
Profit margin: 2.4% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue.
EPS: €0.16 (up from €0.54 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TI Fluid Systems EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.
The primary driver behind last 12 months revenue was the Fluid Carrying Systems (FCS) segment contributing a total revenue of €2.08b (59% of total revenue). Notably, cost of sales worth €3.06b amounted to 87% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €160.4m (43% of total expenses). Explore how TIFS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Auto Components industry in the United Kingdom.
Performance of the British Auto Components industry.
The company's shares are down 3.1% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for TI Fluid Systems (1 makes us a bit uncomfortable!) that we have uncovered.
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