BlueScope Steel (ASX:BSL) Full Year 2024 Results

Key Financial Results

• Revenue: AU$17.2b (down 5.9% from FY 2023).

• Net income: AU$804.7m (down 20% from FY 2023).

• Profit margin: 4.7% (down from 5.5% in FY 2023). The decrease in margin was driven by lower revenue.

• EPS: AU$1.80 (down from AU$2.16 in FY 2023).

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

BlueScope Steel Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Metals and Mining industry in Australia.

Performance of the Australian Metals and Mining industry.

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

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on BlueScope Steel's balance sheet health.

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