Secure Energy Services Full Year 2023 Earnings: EPS: CA$0.66 (vs CA$0.59 in FY 2022)

Secure Energy Services (TSE:SES) Full Year 2023 Results

Key Financial Results

• Revenue: CA$8.24b (up 3.0% from FY 2022).
• Net income: CA$195.0m (up 6.0% from FY 2022).
• Profit margin: 2.4% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CA$0.66 (up from CA$0.59 in FY 2022).

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

Secure Energy Services Earnings Insights

Looking ahead, revenue is expected to fall by 72% p.a. on average during the next 3 years compared to a 14% decline 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.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Secure Energy Services you should know about.

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