- United Kingdom
- Trade Distributors
Howden Joinery Group Full Year 2022 Earnings: Beats Expectations
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).
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.
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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Howden Joinery Group
Howden Joinery Group Plc manufactures and distributes various kitchens, joinery, and hardware products in the United Kingdom, France, Ireland, and Belgium.
Flawless balance sheet with solid track record and pays a dividend.