16-03-2025
Bodycote Full Year 2024 Earnings: EPS Misses Expectations
Revenue: UK£757.1m (down 5.7% from FY 2023).
Net income: UK£20.0m (down 77% from FY 2023).
Profit margin: 2.6% (down from 11% in FY 2023).
EPS: UK£0.11 (down from UK£0.45 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 55%.
The primary driver behind last 12 months revenue was the Precision Heat Treatment segment contributing a total revenue of UK£488.3m (64% of total revenue). Notably, cost of sales worth UK£647.8m amounted to 86% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling UK£96.2m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how BOY's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in the United Kingdom.
Performance of the British Machinery industry.
The company's shares are down 7.9% from a week ago.
We don't want to rain on the parade too much, but we did also find 3 warning signs for Bodycote that you need to be mindful of.
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