Carel Industries Third Quarter 2024 Earnings: EPS: €0.10 (vs €0.19 in 3Q 2023)

Carel Industries (BIT:CRL) Third Quarter 2024 Results

Key Financial Results

• Revenue: €145.1m (down 13% from 3Q 2023).
• Net income: €11.9m (down 37% from 3Q 2023).
• Profit margin: 8.2% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: €0.10 (down from €0.19 in 3Q 2023).

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

Carel Industries Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Building industry in Italy.

Performance of the Italian Building industry.

The company's shares are down 8.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Carel Industries that you should be aware of.

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