Stock Analysis

Howden Joinery Group Full Year 2022 Earnings: Beats Expectations

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Howden Joinery Group (LON:HWDN) Full Year 2022 Results

Key Financial Results

  • Revenue: UK£2.32b (up 11% from FY 2021).
  • Net income: UK£374.2m (up 19% from FY 2021).
  • Profit margin: 16% (up from 15% in FY 2021). The increase in margin was driven by higher revenue.
  • EPS: UK£0.66 (up from UK£0.53 in FY 2021).
LSE:HWDN Earnings and Revenue Growth March 19th 2023

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

Howden Joinery Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Trade Distributors industry in the United Kingdom.

Performance of the British Trade Distributors industry.

The company's shares are down 3.8% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Howden Joinery Group (at least 1 which shouldn't be ignored), and understanding them should be part of your investment process.

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