Ibstock (LON:IBST) Full Year 2024 Results
Key Financial Results
- Revenue: UK£366.2m (down 9.8% from FY 2023).
- Net income: UK£15.1m (down 28% from FY 2023).
- Profit margin: 4.1% (down from 5.2% in FY 2023).
- EPS: UK£0.038 (down from UK£0.054 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ibstock EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%.
The primary driver behind last 12 months revenue was the Clay segment contributing a total revenue of UK£248.8m (68% of total revenue). Notably, cost of sales worth UK£251.9m amounted to 69% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£43.7m (44% of total expenses). Explore how IBST's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Basic Materials industry in the United Kingdom.
Performance of the British Basic Materials industry.
The company's shares are up 3.8% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Ibstock (1 doesn't sit too well with us) 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:IBST
Ibstock
Manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom.
Reasonable growth potential with adequate balance sheet.
