RS Group (LON:RS1) Full Year 2024 Results
Key Financial Results
- Revenue: UK£2.94b (down 1.3% from FY 2023).
- Net income: UK£183.7m (down 36% from FY 2023).
- Profit margin: 6.2% (down from 9.5% in FY 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: UK£0.39 (down from UK£0.60 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
RS Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%.
The primary driver behind last 12 months revenue was the Other Product and Service Solutions segment contributing a total revenue of UK£2.54b (86% of total revenue). Notably, cost of sales worth UK£1.68b amounted to 57% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£983.8m (91% of total expenses). Explore how RS1's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Trade Distributors industry in the United Kingdom.
Performance of the British Trade Distributors industry.
The company's shares are down 8.1% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for RS Group that you should be aware of.
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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.
About LSE:RS1
RS Group
Engages in the distribution of maintenance, repair, and operations products and service solutions in the United Kingdom, the United States, France, Germany, Italy, Mexico, and internationally.
Excellent balance sheet established dividend payer.
