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.

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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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.