BAE Systems Full Year 2023 Earnings: Beats Expectations

BAE Systems (LON:BA.) Full Year 2023 Results

Key Financial Results

• Revenue: UK£23.1b (up 8.6% from FY 2022).
• Net income: UK£1.86b (up 17% from FY 2022).
• Profit margin: 8.0% (up from 7.5% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: UK£0.61 (up from UK£0.51 in FY 2022).

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

BAE Systems Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Aerospace & Defense industry in the United Kingdom.

Performance of the British Aerospace & Defense industry.

The company's share price is broadly unchanged 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've done some analysis and you can see our take on BAE Systems' balance sheet.

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