Airtac International Group Second Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 09/01 02:49

Airtac International Group (TWSE:1590) Second Quarter 2024 Results

Key Financial Results

  • Revenue: NT$8.43b (up 5.3% from 2Q 2023).
  • Net income: NT$2.26b (up 33% from 2Q 2023).
  • Profit margin: 27% (up from 21% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
  • EPS: NT$11.31 (up from NT$8.52 in 2Q 2023).
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TWSE:1590 Earnings and Revenue Growth September 1st 2024

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

Airtac International Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.0%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in Taiwan.

Performance of the Taiwanese Machinery industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Airtac International Group.