Cargojet's Full Year 2024 Earnings Surpass Expectations

February 20, 2025 03:34 AM AEDT | By Team Kalkine Media

Cargojet's Full Year 2024 Earnings Surpass Expectations

Impressive Earnings and Profitability

Cargojet's net income surged an astounding 191% year-over-year, reaching CA$108.4 million. This was mirrored in the profit margin, which increased to 11% from the previous year's 4.3%, mainly due to the higher revenue.

Moreover, earnings per share (EPS) saw a remarkable increase, growing from CA$2.17 in FY 2023 to CA$6.68 in FY 2024, an achievement that far exceeded analyst expectations by 76%.

Exceeding Market Expectations

The company's financial performance not only surpassed internal targets but also outperformed market predictions. Revenues exceeded analyst estimates by 2.1%, highlighting the company's strong operational capabilities.

Forecasts suggest a promising future, with an anticipated revenue growth of 5.0% annually for the next three years, outpacing the 3.3% growth projected for the North American logistics industry.

Future Considerations and Risk Analysis

While the recent performance is encouraging, it is important to be mindful of potential risks. Current analysis has identified one cautionary signal that investors might need to evaluate closely.

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This analysis is based on historical data and future estimates, following an unbiased methodology. It is intended for informational purposes and should not be considered financial advice. For personalized investment guidance, consult a financial advisor.

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