Hitachi Zosen Full Year 2024 Earnings: Beats Expectations

Hitachi Zosen (TSE:7004) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥555.8b (up 13% from FY 2023).
• Net income: JP¥19.0b (up 22% from FY 2023).
• Profit margin: 3.4% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: JP¥113 (up from JP¥92.43 in FY 2023).

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

Hitachi Zosen Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan.

Performance of the Japanese Machinery industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Hitachi Zosen's balance sheet health.

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