Loma Negra Compañía Industrial Argentina Sociedad Anónima Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Full Year 2024 Results

Key Financial Results

• Revenue: AR$699.2b (down 24% from FY 2023).
• Net income: AR$153.8b (up by AR$131.4b from FY 2023).
• Profit margin: 22% (up from 2.4% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: AR$1,318 (up from AR$192 in FY 2023).

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

Loma Negra Compañía Industrial Argentina Sociedad Anónima Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 66%.

The primary driver behind last 12 months revenue was the Cement, masonry cement and lime segment contributing a total revenue of AR$510.9b (73% of total revenue). Notably, cost of sales worth AR$512.4b amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to AR$69.0b (89% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of AR$44.4b. Explore how LOMA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Basic Materials industry in the US.

Performance of the American Basic Materials industry.

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

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Loma Negra Compañía Industrial Argentina Sociedad Anónima's balance sheet health.

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