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Norsk Hydro (NHYDY)
:NHYDY
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Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.17Last Year’s EPS
0.05Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -2.43%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and strategic advancements in renewable energy and partnerships. However, significant challenges remain in the downstream markets, particularly with recycling margins and fixed costs. Despite these challenges, the company's strategic initiatives and financial resilience provide a positive outlook.Company Guidance
During the NHY.OL Q3 2024 earnings call, key financial metrics were highlighted, including an EBITDA of NOK 7.4 billion and a free cash flow generation of EUR 1.7 billion. The company experienced an upward trend in key revenue drivers, with the 3-month aluminum price on the LME trading at levels above $2,600 per metric ton. Alumina prices were a significant driver, with spot PAX averaging $507 per ton in Q3, showing a 17% increase from Q2 2024 and a 51% rise compared to the same quarter the previous year. Despite challenges in downstream activities, strategic measures in recycling and extrusions were implemented, aiming for long-term robustness amid weaker core markets. The company also reported on the progress of its renewable energy ambitions, with the Illvatn pumped storage project passing the investment decision. Additionally, Hydro's commercial advances include a collaboration with Mercedes-Benz to promote sustainable development in Brazil. The guidance for 2025 indicates a continued focus on growth investments in recycling extrusions, aiming for a NOK 14 billion target towards 2030, with improvements expected across several operational and market areas.Strong EBITDA and Free Cash Flow
Reported EBITDA of NOK 7.4 billion and a free cash flow generation of EUR 1.7 billion for the third quarter.
Positive Alumina Market Trends
Alumina prices increased significantly, with spot PAX averaging $507 per ton, marking a 51% increase compared to the same quarter last year.
Procurement Improvements and Cost Savings
Procurement improvements in Aluminum Metal and extrusions, along with the Alunorte fuel switch nearing full conversion, are expected to yield substantial cost savings.
Renewable Energy Initiatives
The Illvatn pumped storage project passed the investment decision, aiming to generate 84 gigawatt hours of renewable power annually.
Strategic Partnership with Mercedes
Collaboration with Mercedes on sustainable development in Brazil, focusing on low-carbon materials and broader sustainability initiatives.
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NHYDY 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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NHYDY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $6.18 | $6.17 | -0.16% |
| Jul 23, 2024 | $5.82 | $5.51 | -5.33% |
| Apr 24, 2024 | $6.04 | $5.97 | -1.16% |
| Feb 14, 2024 | $5.27 | $5.17 | -1.90% |
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 Norsk Hydro (NHYDY) report earnings?
Norsk Hydro (NHYDY) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Norsk Hydro (NHYDY) earnings time?
Norsk Hydro (NHYDY) earnings time is at Feb 14, 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 NHYDY EPS forecast?
NHYDY EPS forecast for the fiscal quarter 2024 (Q4) is 0.17.
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