Vulcan Steel Full Year 2024 Earnings: EPS Misses Expectations

Vulcan Steel (ASX:VSL) Full Year 2024 Results

Key Financial Results

• Revenue: NZ$1.06b (down 14% from FY 2023).
• Net income: NZ$40.0m (down 55% from FY 2023).
• Profit margin: 3.8% (down from 7.1% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: NZ$0.30 (down from NZ$0.67 in FY 2023).

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

Vulcan Steel EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%.

The primary driver behind last 12 months revenue was the Metals segment contributing a total revenue of NZ$593.0m (56% of total revenue). Notably, cost of sales worth NZ$689.4m amounted to 65% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to NZ$250.2m (75% of total expenses). Explore how VSL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Vulcan Steel has 3 warning signs (and 1 which can't be ignored) we think you should know about.

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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.