Loma Negra Compañía Industrial Argentina Sociedad Anónima Second Quarter 2024 Earnings: EPS: AR$254 (vs AR$81.01 in 2Q 2023)

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Second Quarter 2024 Results

Key Financial Results

• Revenue: AR$136.1b (down 28% from 2Q 2023).
• Net income: AR$29.6b (up 213% from 2Q 2023).
• Profit margin: 22% (up from 5.0% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: AR$254 (up from AR$81.01 in 2Q 2023).

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

Loma Negra Compañía Industrial Argentina Sociedad Anónima Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Basic Materials industry in the US.

Performance of the American Basic Materials industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Loma Negra Compañía Industrial Argentina Sociedad Anónima that we have uncovered.

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