Evergreen Aviation Technologies Third Quarter 2024 Earnings: Misses Expectations

Evergreen Aviation Technologies (TWSE:2645) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$4.03b (up 2.2% from 3Q 2023).
• Net income: NT$402.1m (down 36% from 3Q 2023).
• Profit margin: 10.0% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$1.07 (down from NT$1.67 in 3Q 2023).

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

Evergreen Aviation Technologies Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Aerospace & Defense industry in Taiwan.

Performance of the Taiwanese Aerospace & Defense industry.

The company's shares are down 2.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Evergreen Aviation Technologies that you need to be mindful of.

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