Yahoo Finance Travis Perkins Full Year 2023 Earnings: EPS Misses Expectations
Travis Perkins (LON:TPK) Full Year 2023 Results
Key Financial Results
Revenue: UK£4.86b (down 2.7% from FY 2022).
Net income: UK£38.1m (down 80% from FY 2022).
Profit margin: 0.8% (down from 3.8% in FY 2022).
EPS: UK£0.18 (down from UK£0.91 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Travis Perkins EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 57%.
The primary driver behind last 12 months revenue was the Merchanting segment contributing a total revenue of UK£4.04b (83% of total revenue). Notably, cost of sales worth UK£3.56b amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to UK£835.0m (66% of total expenses). Explore how TPK's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Trade Distributors industry in the United Kingdom.
Performance of the British Trade Distributors industry.
The company's shares are down 3.7% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Travis Perkins that you should be aware of before investing here.
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