Austal Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

Austal (ASX:ASB) Full Year 2023 Results

Key Financial Results

• Revenue: AU$1.59b (up 11% from FY 2022).
• Net loss: AU$13.8m (down by 117% from AU$79.6m profit in FY 2022).
• AU$0.038 loss per share (down from AU$0.22 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Austal Revenues Beat Expectations

Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Australia.

Performance of the Australian Aerospace & Defense industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Austal that you need to take into consideration.

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