FLSmidth Second Quarter 2024 Earnings: Misses Expectations

FLSmidth (CPH:FLS) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr.4.96b (down 23% from 2Q 2023).
• Net income: kr.181.0m (up 48% from 2Q 2023).
• Profit margin: 3.7% (up from 1.9% in 2Q 2023).
• EPS: kr.3.20 (up from kr.2.09 in 2Q 2023).

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

FLSmidth Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 23%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.9% growth forecast for the Machinery industry in Europe.

Performance of the market in Denmark.

The company's shares are down 2.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - FLSmidth has 1 warning sign we think you should be aware of.

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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.