Rotork First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

Rotork (LON:ROR) First Half 2024 Results

Key Financial Results

• Revenue: UK£361.4m (up 8.0% from 1H 2023).
• Net income: UK£51.7m (up 13% from 1H 2023).
• Profit margin: 14% (in line with 1H 2023).
• EPS: UK£0.06 (up from UK£0.053 in 1H 2023).

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

Rotork Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in the United Kingdom.

Performance of the British Machinery industry.

The company's shares are down 10% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Rotork you should know about.

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