Ta Chen Stainless Pipe Second Quarter 2024 Earnings: Misses Expectations

Ta Chen Stainless Pipe (TWSE:2027) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$24.1b (down 8.5% from 2Q 2023).
• Net income: NT$916.9m (down 44% from 2Q 2023).
• Profit margin: 3.8% (down from 6.2% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: NT$0.40 (down from NT$0.70 in 2Q 2023).

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

Ta Chen Stainless Pipe Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 48%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Metals and Mining industry in Taiwan.

Performance of the Taiwanese Metals and Mining industry.

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

Risk Analysis

You should learn about the 1 warning sign we've spotted with Ta Chen Stainless Pipe.

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