Martinrea International (TSE:MRE) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$1.24b (down 10% from 3Q 2023).

• Net income: CA$14.2m (down 74% from 3Q 2023).

• Profit margin: 1.1% (down from 3.9% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: CA$0.19 (down from CA$0.68 in 3Q 2023).

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

Martinrea International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 65%.

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Auto Components industry in North America.

Performance of the market in Canada.

The company's shares are down 11% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Martinrea International that we have uncovered.

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