Gooch & Housego PLC (LSE: GHH) FY23 Earnings: Revenue Surges by 19%, Bottomline Turns Positive

2 min read | March 08, 2024 04:01 PM AEDT | By Team Kalkine

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Gooch & Housego PLC (LSE: GHH) FY23 Earnings: Revenue Surges by 19%, Bottomline Turns Positive — Image source: Pexels

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Highlights

In FY23, Gooch & Housego secured ~19% year-on-year growth in its total revenue to GBP 50 million from GBP 124.80 million in FY22.

As of 30 September 2023, the company’s order book stood at £124.1 million with book-to-bill ratio of 1.04x for the first half of the fiscal year 2023.

FTSE AIM All-Share index listed Gooch & Housego PLC (LSE:GHH) is a specialist manufacturer of photonic components and systems.

In the fiscal year 2023, GHH secured approximately 19% year-on-year growth in its total revenue to GBP 148.50 million from GBP 124.80 million in FY22. It posted a positive basic earnings per share of 16.10 pence for FY23, as compared to the negative basic earnings per share in the previous year. As of 30 September 2023, the company’s order book was £124.1 million with book-to-bill ratio of 1.04x for the first half of the fiscal year 2023.

Also, there has been an order book growth from £124.1 million at the end of FY23 to £128.5 million as of 31 January 2024, following surge in demand from the medical diagnostic clients and fresh orders for its armoured vehicle periscope systems. GHH had a net debt of about £30.5 million on 31 January 2024.

GHH had paid a final dividend of 8.20 pence per share on 23 February 2024 with an ex-dividend date of 18 January 2024. For FY23, Gooch & Housego recorded a 3.8% YoY surge in the total dividend.

Top 10 Shareholders:

Around 55.54% of the total shareholdings is held by its top ten shareholders. While Octopus Investments Limited is the biggest shareholder with maximum number of shares of around 11.99%, Odyssean Investment Trust PLC is the second biggest shareholder with 9.70% shareholding in GHH.

Stock Price Performance

GHH’s stock price has dropped by around 24.07% in the last one month. It has decreased by over 4.86% over the last six months. The stock’s 52-week low and high price stand at GBX 415.00 and GBX 685.66, respectively.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 07 March 2024. The reference data in this report has been partly sourced from EODHD/Others.

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