Steel & Tube Holdings First Half 2024 Earnings: EPS: NZ$0.032 (vs NZ$0.071 in 1H 2023)

Steel & Tube Holdings (NZSE:STU) First Half 2024 Results

Key Financial Results

• Revenue: NZ$261.8m (down 17% from 1H 2023).
• Net income: NZ$5.35m (down 55% from 1H 2023).
• Profit margin: 2.0% (down from 3.8% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: NZ$0.032 (down from NZ$0.071 in 1H 2023).

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

Steel & Tube Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Oceania are expected to remain flat.

Performance of the market in New Zealand.

The company's shares are down 3.6% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Steel & Tube Holdings.

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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.