Samsung Heavy Industries Third Quarter 2024 Earnings: Revenues Disappoint

Simply Wall St

November 20, 2024

Samsung Heavy Industries (KRX:010140) Third Quarter 2024 Results

Key Financial Results

Revenue: ₩2.32t (up 15% from 3Q 2023).
Net income: ₩74.0b (up 94% from 3Q 2023).
Profit margin: 3.2% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: ₩87.00 (up from ₩45.00 in 3Q 2023).

earnings-and-revenue-growth — KOSE:A010140 Earnings and Revenue Growth November 20th 2024

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

Samsung Heavy Industries Revenues Disappoint

Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in South Korea.

Performance of the South Korean Machinery industry.

The company's shares are up 6.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Samsung Heavy Industries' balance sheet and an in-depth analysis of the company's financial position.

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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.