Goldsun Building Materials Second Quarter 2024 Earnings: Beats Expectations

Goldsun Building Materials (TWSE:2504) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$5.50b (up 6.1% from 2Q 2023).
• Net income: NT$1.96b (up 159% from 2Q 2023).
• Profit margin: 36% (up from 15% in 2Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: NT$1.66 (up from NT$0.64 in 2Q 2023).

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

Goldsun Building Materials Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 2 years, while revenues in the Basic Materials industry in Asia are expected to remain flat.

Performance of the market in Taiwan.

The company's shares are up 6.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Goldsun Building Materials (1 can't be ignored!) that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.