Southern Cross Electrical Engineering Full Year 2024 Earnings: EPS: AU$0.083 (vs AU$0.077 in FY 2023)

editorial-team@simplywallst.com (Simply Wall St)

Fri, Aug 23, 2024, 2:52 PM 1 min read

Southern Cross Electrical Engineering (ASX:SXE) Full Year 2024 Results

Key Financial Results

Revenue: AU$551.9m (up 19% from FY 2023).
Net income: AU$21.9m (up 9.0% from FY 2023).
Profit margin: 4.0% (down from 4.3% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: AU$0.083 (up from AU$0.077 in FY 2023).

revenue-and-expenses-breakdown — ASX:SXE Revenue and Expenses Breakdown August 23rd 2024

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

Southern Cross Electrical Engineering Earnings Insights

In the last 12 months, the only revenue segment was Provision of Electrical Services contributing AU$551.9m. Notably, cost of sales worth AU$469.2m amounted to 85% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to AU$43.3m (71% of total expenses). Explore how SXE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Construction industry in Australia.

Performance of the Australian Construction industry.

The company's shares are up 5.9% from a week ago.

Risk Analysis

Be aware that Southern Cross Electrical Engineering is showing 1 warning sign in our investment analysis that you should know about...

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