Atlas Copco Third Quarter 2024 Earnings: Misses Expectations

Atlas Copco (STO:ATCO A) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr43.1b (down 3.1% from 3Q 2023).
• Net income: kr7.17b (down 8.1% from 3Q 2023).
• Profit margin: 17% (in line with 3Q 2023).
• EPS: kr1.47 (down from kr1.60 in 3Q 2023).

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

Atlas Copco Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Sweden.

Performance of the Swedish Machinery industry.

The company's shares are down 2.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Atlas Copco's balance sheet and an in-depth analysis of the company's financial position.

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