Caribbean Utilities Company Full Year 2024 Earnings: EPS: US$1.08 (vs US$1.00 in FY 2023)

Caribbean Utilities Company (TSE:CUP.U) Full Year 2024 Results

Key Financial Results

• Revenue: US$293.7m (up 2.2% from FY 2023).
• Net income: US$41.7m (up 11% from FY 2023).
• Profit margin: 14% (up from 13% in FY 2023).
• EPS: US$1.08 (up from US$1.00 in FY 2023).

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

Caribbean Utilities Company Earnings Insights

In the last 12 months, the only revenue segment was Electricity Generation, Transmission, Distribution and Telecommunication contributing US$293.7m. Notably, cost of sales worth US$188.2m amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$44.3m (68% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$1.20m. Explore how CUP.U's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Electric Utilities industry in North America.

Performance of the market in Canada.

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

Risk Analysis

Be aware that Caribbean Utilities Company is showing 2 warning signs in our investment analysis and 1 of those shouldn't be ignored...

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