CI&T Full Year 2024 Earnings: Revenues Disappoint

CI&T (NYSE:CINT) Full Year 2024 Results

Key Financial Results

• Revenue: R$2.37b (up 6.0% from FY 2023).
• Net income: R$161.2m (up 22% from FY 2023).
• Profit margin: 6.8% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: R$1.19 (up from R$0.97 in FY 2023).

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

CI&T Revenues Disappoint

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the North America segment contributing a total revenue of R$1.05b (44% of total revenue). Notably, cost of sales worth R$1.56b amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to R$302.7m (47% of total expenses). Explore how CINT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 10% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on CI&T's balance sheet health.

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