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IHI Corporation (IHICF)
:IHICF
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Earnings Data
Report Date
Feb 07, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
0.75Last Year’s EPS
1.17Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -62.49%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Negative
The earnings call revealed significant challenges, including large one-time losses and decreased operating profit, overshadowing some growth in the Aero Engine and Defense business and stability in large plant projects.Company Guidance
During the IHI Group's second-quarter earnings call for the fiscal year 2023, several key metrics and financial figures were discussed. The group reported a one-time loss primarily due to the PW1100G engine inspection program and North America process plant litigation settlement, leading to an operating profit of negative JPY 157 billion. Excluding special factors, the orders received were JPY 640 billion, and revenue was JPY 639 billion, with an operating profit of JPY 16 billion. The foreign exchange rate averaged JPY 140.62 to the U.S. dollar, reflecting a JPY 9 depreciation from the previous year. The company's total assets increased by JPY 111.3 billion, reaching JPY 2,053.3 billion, while interest-bearing debt rose to JPY 644.7 billion. The debt-equity ratio was 1.98x, with a 14.5% ratio of equity attributable to the owners of the parent. Operating cash flow stood at JPY 81.4 billion, while free cash flow was negative JPY 112.8 billion. The guidance emphasized the need for improving cash flow and working capital, aiming to recover to the fiscal 2022 financial foundation with a focus on enhancing profitability and maintaining dividend payouts.Aero Engine and Defense Business Growth
The Aero Engine and Defense business saw an increase in orders totaling JPY 29.5 billion, driven by civil aero engine PW1100G and other main engine units.
Positive Outlook for Defense Sector
The increase in defense budget is seen as a positive development, with expectations for increased demand in spare parts and missile production, contributing to future growth.
Stability in Large Plant Projects
Large-scale power plant projects in Bangladesh and Vietnam are operating smoothly and showing profit, reducing downside risks associated with these projects.
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IHICF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IHICF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $51.99 | $60.80 | +16.95% |
| Aug 06, 2024 | $28.46 | $31.44 | +10.47% |
| May 08, 2024 | $25.06 | $24.60 | -1.84% |
| Feb 09, 2024 | $18.67 | $19.26 | +3.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does IHI Corporation (IHICF) report earnings?
IHI Corporation (IHICF) is schdueled to report earning on Feb 07, 2025, TBA Not Confirmed.
What is IHI Corporation (IHICF) earnings time?
IHI Corporation (IHICF) earnings time is at Feb 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IHICF EPS forecast?
IHICF EPS forecast for the fiscal quarter 2024 (Q3) is 0.75.
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