Yahoo Finance 5N Plus Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
5N Plus (TSE:VNP) Full Year 2023 Results
Key Financial Results
Revenue: US$242.4m (down 8.3% from FY 2022).
Net income: US$15.4m (up from US$23.0m loss in FY 2022).
Profit margin: 6.4% (up from net loss in FY 2022). The move to profitability was driven by lower expenses.
EPS: US$0.17 (up from US$0.26 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
5N Plus Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Chemicals industry in Canada.
Performance of the Canadian Chemicals industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for 5N Plus that you need to be mindful of.
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