Algoma Central (TSE:ALC) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$181.0m (down 11% from 2Q 2023).

• Net income: CA$17.5m (down 47% from 2Q 2023).

• Profit margin: 9.7% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue.

• EPS: CA$0.44 (down from CA$0.86 in 2Q 2023).

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

Algoma Central Earnings Insights

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, while revenues in the Shipping industry in North America are expected to remain flat.

Performance of the market in Canada.

The company's shares are down 3.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Algoma Central that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]