Rotork Full Year 2023 Earnings: In Line With Expectations

Rotork (LON:ROR) Full Year 2023 Results

Key Financial Results

• Revenue: UK£719.2m (up 12% from FY 2022).
• Net income: UK£113.1m (up 21% from FY 2022).
• Profit margin: 16% (up from 14% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: UK£0.13 (up from UK£0.11 in FY 2022).

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

Rotork Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Oil & Gas segment contributing a total revenue of UK£328.4m (46% of total revenue). Notably, cost of sales worth UK£380.1m amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£170.9m (76% of total expenses). Explore how ROR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in the United Kingdom.

Performance of the British Machinery industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Rotork that you should be aware of before investing here.

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