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Sherritt International Full Year 2022 Earnings: Revenues Beat Expectations

Sherritt International (TSE:S) Full Year 2022 Results

Key Financial Results

  • Revenue: CA$178.8m (up 62% from FY 2021).

  • Net income: CA$63.7m (up from CA$13.4m loss in FY 2021).

  • Profit margin: 36% (up from net loss in FY 2021).

earnings-and-revenue-history
earnings-and-revenue-history

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

Sherritt International Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.6%.

Looking ahead, revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 12%.

Performance of the Canadian Metals and Mining industry.

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The company's shares are down 3.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Sherritt International you should know about.

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.

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