Formula Systems (1985) Third Quarter 2024 Earnings: EPS: US$1.54 (vs US$1.02 in 3Q 2023)

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

Key Financial Results

• Revenue: US$699.9m (up 6.9% from 3Q 2023).
• Net income: US$23.6m (up 51% from 3Q 2023).
• Profit margin: 3.4% (up from 2.4% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.54 (up from US$1.02 in 3Q 2023).

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

Formula Systems (1985) shares are up 3.2% 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. See our latest analysis on Formula Systems (1985)'s balance sheet health.

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