Hercules Site Services Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Hercules Site Services (LON:HERC) Full Year 2024 Results

Key Financial Results

• Revenue: UK£101.9m (up 20% from FY 2023).
• Net income: UK£1.64m (up 112% from FY 2023).
• Profit margin: 1.6% (up from 0.9% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: UK£0.026 (up from UK£0.013 in FY 2023).

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

Hercules Site Services Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates.

The primary driver behind last 12 months revenue was the Labour Supply segment contributing a total revenue of UK£84.1m (83% of total revenue). Notably, cost of sales worth UK£87.0m amounted to 85% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£11.6m (87% of total expenses). Explore how HERC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Construction industry in the United Kingdom.

Performance of the British Construction industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Hercules Site Services that you should be aware of.

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