Billington Holdings Full Year 2024 Earnings: Misses Expectations

Billington Holdings (LON:BILN) Full Year 2024 Results

Key Financial Results

• Revenue: UK£113.1m (down 15% from FY 2023).
• Net income: UK£8.27m (down 20% from FY 2023).
• Profit margin: 7.3% (down from 7.8% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: UK£0.66 (down from UK£0.84 in FY 2023).

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

Billington Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 6.5%.

The primary driver behind last 12 months revenue was the Structural Steelwork segment contributing a total revenue of UK£101.1m (89% of total revenue). Notably, cost of sales worth UK£60.5m amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£35.5m (80% of total expenses). Explore how BILN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Construction industry in the United Kingdom.

Performance of the British Construction industry.

The company's shares are up 11% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Billington Holdings (at least 1 which is a bit unpleasant), and understanding these should be part of your investment process.

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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.