Wilson Sons Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Wilson Sons (BVMF:PORT3) Full Year 2023 Results

Key Financial Results

• Revenue: R$2.43b (up 6.8% from FY 2022).
• Net income: R$399.2m (up 22% from FY 2022).
• Profit margin: 16% (up from 14% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: R$0.91 (up from R$0.74 in FY 2022).

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

Wilson Sons EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 3.9%.

The primary driver behind last 12 months revenue was the Towage and Shipping Agency Services segment contributing a total revenue of R$1.27b (52% of total revenue). Notably, cost of sales worth R$1.33b amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to R$454.8m (65% of total expenses). Explore how PORT3's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Infrastructure industry in South America.

Performance of the market in Brazil.

The company's shares are down 1.9% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Wilson Sons, and understanding these should be part of your investment process.

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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.