Yahoo Finance Spectris Full Year 2023 Earnings: Misses Expectations
Spectris (LON:SXS) Full Year 2023 Results
Key Financial Results
Revenue: UK£1.45b (up 9.2% from FY 2022).
Net income: UK£145.4m (up 27% from FY 2022).
Profit margin: 10.0% (up from 8.6% in FY 2022). The increase in margin was driven by higher revenue.
EPS: UK£1.40 (up from UK£1.07 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Spectris Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 11%.
The primary driver behind last 12 months revenue was the Spectris Scientific segment contributing a total revenue of UK£704.4m (49% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£386.2m (56% of total expenses). Explore how SXS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electronic industry in the United Kingdom.
Performance of the British Electronic industry.
The company's share price is broadly unchanged 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. We've done some analysis and you can see our take on Spectris' balance sheet.
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