GrainCorp Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

GrainCorp (ASX:GNC) Full Year 2024 Results

Key Financial Results

• Revenue: AU$6.51b (down 21% from FY 2023).
• Net income: AU$61.8m (down 75% from FY 2023).
• Profit margin: 0.9% (down from 3.0% in FY 2023).
• EPS: AU$0.28 (down from AU$1.12 in FY 2023).

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

GrainCorp Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 8.6%.

The primary driver behind last 12 months revenue was the Agribusiness segment contributing a total revenue of AU$4.96b (76% of total revenue). Notably, cost of sales worth AU$5.86b amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to AU$392.5m (60% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of AU$61.5m. Explore how GNC's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Consumer Retailing industry in Australia are expected to grow by 3.0%.

Performance of the Australian Consumer Retailing industry.

The company's shares are down 11% from a week ago.

Risk Analysis

You still need to take note of risks, for example - GrainCorp has 3 warning signs (and 1 which is a bit concerning) we think you should know about.

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