Schindler Holding First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Schindler Holding (VTX:SCHN) First Quarter 2024 Results

Key Financial Results

• Revenue: CHF2.67b (down 4.4% from 1Q 2023).
• Net income: CHF232.0m (up 9.4% from 1Q 2023).
• Profit margin: 8.7% (up from 7.6% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: CHF2.05 (up from CHF1.84 in 1Q 2023).

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

Schindler Holding EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 8.2%.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Machinery industry in Switzerland.

Performance of the Swiss Machinery industry.

The company's shares are up 1.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Schindler Holding's balance sheet and an in-depth analysis of the company's financial position.

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