Spirax-Sarco Engineering Full Year 2023 Earnings: EPS Misses Expectations

Spirax-Sarco Engineering (LON:SPX) Full Year 2023 Results

Key Financial Results

• Revenue: UK£1.68b (up 4.5% from FY 2022).
• Net income: UK£183.6m (down 18% from FY 2022).
• Profit margin: 11% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: UK£2.50 (down from UK£3.05 in FY 2022).

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

Spirax-Sarco Engineering EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.3%.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in the United Kingdom.

Performance of the British Machinery industry.

The company's shares are up 2.5% from a week ago.

Valuation

Our analysis of Spirax-Sarco Engineering based on 6 different valuation metrics shows it might be overvalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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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.