Brickworks Full Year 2024 Earnings: Misses Expectations

Brickworks (ASX:BKW) Full Year 2024 Results

Key Financial Results

• Revenue: AU$1.09b (down 7.8% from FY 2023).
• Net loss: AU$117.2m (down by 129% from AU$405.3m profit in FY 2023).
• AU$0.87 loss per share (down from AU$3.02 profit in FY 2023).

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

Brickworks Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 136%.

The primary driver behind last 12 months revenue was the Building Products Australia segment contributing a total revenue of AU$645.6m (59% of total revenue). Notably, cost of sales worth AU$748.7m amounted to 69% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to AU$227.2m (50% of total expenses). Explore how BKW's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Global Basic Materials industry.

Performance of the market in Australia.

The company's shares are up 6.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Brickworks' balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.