UWC Berhad Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

UWC Berhad (KLSE:UWC) Full Year 2024 Results

Key Financial Results

• Revenue: RM248.4m (down 8.6% from FY 2023).
• Net income: RM15.5m (down 72% from FY 2023).
• Profit margin: 6.3% (down from 20% in FY 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: RM0.014 (down from RM0.05 in FY 2023).

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

UWC Berhad Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 59%.

The primary driver behind last 12 months revenue was the Provision of Precision Sheet Metal Fabrication and Value-Added Assembly Services, and The Provision of Precision Machined Components segment contributing a total revenue of RM305.9m (123% of total revenue). The largest operating expense was General & Administrative costs, amounting to RM87.6m (63% of total expenses). Explore how UWC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Malaysia.

Performance of the Malaysian Machinery industry.

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

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for UWC Berhad you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.