Morgan Advanced Materials Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

March 29, 2025

Morgan Advanced Materials (LON:MGAM) Full Year 2024 Results

Key Financial Results

Revenue: UK£1.10b (down 1.3% from FY 2023).
Net income: UK£50.2m (up 7.7% from FY 2023).
Profit margin: 4.6% (up from 4.2% in FY 2023).
EPS: UK£0.18 (up from UK£0.16 in FY 2023).

revenue-and-expenses-breakdown — LSE:MGAM Revenue and Expenses Breakdown March 29th 2025

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

Morgan Advanced Materials EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.

The primary driver behind last 12 months revenue was the Thermal Products segment contributing a total revenue of UK£419.9m (38% of total revenue). Notably, cost of sales worth UK£972.3m amounted to 88% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling UK£75.9m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how MGAM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom.

Performance of the British Machinery industry.

The company's shares are up 2.2% from a week ago.

Valuation

Morgan Advanced Materials' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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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.