Spirax Group First Half 2024 Earnings: EPS: UK£1.24 (vs UK£1.13 in 1H 2023)

Spirax Group (LON:SPX) First Half 2024 Results

Key Financial Results

• Revenue: UK£827.0m (down 2.8% from 1H 2023).
• Net income: UK£91.2m (up 10.0% from 1H 2023).
• Profit margin: 11% (up from 9.7% in 1H 2023). The increase in margin was driven by lower expenses.
• EPS: UK£1.24 (up from UK£1.13 in 1H 2023).

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

Spirax Group Earnings Insights

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.1% 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

You should always think about risks. Case in point, we've spotted 1 warning sign for Spirax Group you should be aware of.

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