Badger Infrastructure Solutions Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Badger Infrastructure Solutions (TSE:BDGI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$186.8m (up 8.7% from 2Q 2023).
• Net income: US$11.9m (up 8.1% from 2Q 2023).
• Profit margin: 6.4% (in line with 2Q 2023).
• EPS: US$0.34 (up from US$0.32 in 2Q 2023).

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

Badger Infrastructure Solutions Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Construction industry in Canada.

Performance of the Canadian Construction industry.

The company's shares are down 5.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Badger Infrastructure Solutions that you need to take into consideration.

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