ACT Energy Technologies Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

March 27, 2025

ACT Energy Technologies (TSE:ACX) Full Year 2024 Results

Key Financial Results

Revenue: CA$571.8m (up 4.9% from FY 2023).
Net income: CA$57.9m (up 445% from FY 2023).
Profit margin: 10% (up from 1.9% in FY 2023). The increase in margin was primarily driven by higher revenue.
EPS: CA$1.67 (up from CA$0.31 in FY 2023).

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earnings-and-revenue-growth — TSX:ACX Earnings and Revenue Growth March 27th 2025

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

ACT Energy Technologies EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of ACT Energy Technologies' balance sheet and an in-depth analysis of the company's financial position.

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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.