Iochpe-Maxion Full Year 2023 Earnings: Misses Expectations

Iochpe-Maxion (BVMF:MYPK3) Full Year 2023 Results

Key Financial Results

• Revenue: R$15.0b (down 12% from FY 2022).
• Net income: R$30.7m (down 89% from FY 2022).
• Profit margin: 0.2% (down from 1.6% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: R$0.20 (down from R$1.84 in FY 2022).

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

Iochpe-Maxion Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 72%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Machinery industry in Brazil.

Performance of the Brazilian Machinery industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Iochpe-Maxion (1 is concerning!) that you should be aware of.

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