Stock Analysis

Oxford Instruments Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

June 13, 2024

Oxford Instruments (LON:OXIG) Full Year 2024 Results

Key Financial Results

Revenue: UK£470.4m (up 5.8% from FY 2023).
Net income: UK£50.7m (down 14% from FY 2023).
Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: UK£0.88 (down from UK£1.02 in FY 2023).

revenue-and-expenses-breakdown — LSE:OXIG Revenue and Expenses Breakdown June 13th 2024

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

Oxford Instruments Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 7.8%.

The primary driver behind last 12 months revenue was the Materials & Characterisation segment contributing a total revenue of UK£252.2m (54% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to UK£74.5m (39% of total expenses). Explore how OXIG's revenue and expenses shape its earnings.

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

Performance of the British Electronic industry.

The company's shares are up 8.8% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Oxford Instruments' balance sheet and an in-depth analysis of the company's financial position.

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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.