Itafos Third Quarter 2023 Earnings: EPS: US$0.016 (vs US$0.043 in 3Q 2022)
Itafos (CVE:IFOS) Third Quarter 2023 Results
Key Financial Results
- Revenue: US$110.8m (down 28% from 3Q 2022).
- Net income: US$3.08m (down 62% from 3Q 2022).
- Profit margin: 2.8% (down from 5.3% in 3Q 2022). The decrease in margin was driven by lower revenue.
- EPS: US$0.016 (down from US$0.043 in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Itafos Earnings Insights
Looking ahead, revenue is forecast to decline by 21% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Canada are expected to remain flat.
Performance of the Canadian Chemicals industry.
The company's shares are up 9.9% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Itafos that you should be aware of.
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About TSXV:IFOS
Flawless balance sheet and good value.
