Carel Industries Full Year 2024 Earnings: EPS Beats Expectations

Carel Industries (BIT:CRL) Full Year 2024 Results

Key Financial Results

• Revenue: €578.5m (down 11% from FY 2023).
• Net income: €62.6m (down 12% from FY 2023).
• Profit margin: 11% (in line with FY 2023).
• EPS: €0.56 (down from €0.70 in FY 2023).

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

Carel Industries EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 31%.

The primary driver behind last 12 months revenue was the HVAC segment contributing a total revenue of €410.0m (71% of total revenue). Notably, cost of sales worth €314.6m amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €162.2m (81% of total expenses). Explore how CRL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Building industry in Italy.

Performance of the Italian Building industry.

The company's shares are down 6.3% from a week ago.

Risk Analysis

Be aware that Carel Industries is showing 1 warning sign in our investment analysis that you should know about...

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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.