Westshore Terminals Investment Full Year 2023 Earnings: Beats Expectations
Westshore Terminals Investment (TSE:WTE) Full Year 2023 Results
Key Financial Results
Revenue: CA$381.0m (up 31% from FY 2022).
Net income: CA$116.6m (up 74% from FY 2022).
Profit margin: 31% (up from 23% in FY 2022). The increase in margin was driven by higher revenue.
EPS: CA$1.86 (up from CA$1.06 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Westshore Terminals Investment Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%.
Looking ahead, revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Global Infrastructure industry are expected to grow by 7.7%.
Performance of the market in Canada.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Westshore Terminals Investment that you should be aware of.
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