Formula Systems (1985) Second Quarter 2024 Earnings: EPS: US$1.23 (vs US$1.11 in 2Q 2023)

Formula Systems (1985) (TLV:FORTY) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$667.7m (up 1.9% from 2Q 2023).
• Net income: US$18.8m (up 11% from 2Q 2023).
• Profit margin: 2.8% (up from 2.6% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.23 (up from US$1.11 in 2Q 2023).

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

Formula Systems (1985) shares are down 1.2% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Formula Systems (1985)'s balance sheet health.

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