Avon Technologies Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Avon Technologies (LON:AVON) Full Year 2024 Results

Key Financial Results

• Revenue: US$275.0m (up 13% from FY 2023).
• Net income: US$3.00m (up from US$16.4m loss in FY 2023).
• Profit margin: 1.1% (up from net loss in FY 2023).
• EPS: US$0.10 (up from US$0.55 loss in FY 2023).

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

Avon Technologies Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 24%.

The primary driver behind last 12 months revenue was the Avon Protection segment contributing a total revenue of US$145.6m (53% of total revenue). Notably, cost of sales worth US$168.2m amounted to 61% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$49.7m (48% of total expenses). Explore how AVON's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Aerospace & Defense industry in the United Kingdom.

Performance of the British Aerospace & Defense industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Avon Technologies you should be aware of.

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