Winpak (TSE:WPK) First Quarter 2024 Results

Key Financial Results

• Revenue: US$276.8m (down 9.1% from 1Q 2023).

• Net income: US$35.5m (down 9.6% from 1Q 2023).

• Profit margin: 13% (in line with 1Q 2023).

• EPS: US$0.55 (down from US$0.60 in 1Q 2023).

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

Winpak Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 3.8%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Packaging industry in Canada.

Performance of the Canadian Packaging industry.

The company's shares are up 4.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Winpak's balance sheet.

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