AMG Critical Materials Full Year 2023 Earnings: EPS Misses Expectations

AMG Critical Materials (AMS:AMG) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.63b (down 1.0% from FY 2022).
• Net income: US$101.3m (down 46% from FY 2022).
• Profit margin: 6.2% (down from 11% in FY 2022).
• EPS: US$3.15 (down from US$5.88 in FY 2022).

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

AMG Critical Materials EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.

The primary driver behind last 12 months revenue was the AMG Clean Energy Materials segment contributing a total revenue of US$739.2m (45% of total revenue). Notably, cost of sales worth US$1.20b amounted to 74% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$166.1m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how AMG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Europe.

Performance of the market in the Netherlands.

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 4 warning signs for AMG Critical Materials you should be aware of.

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