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Firan Tech (TSE:FTG)
TSX:FTG
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.1Last Year’s EPS
0.1Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2019
|% Change Since: 20.98%
|Next Earnings Date:Oct 10, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a positive overall sentiment with record-breaking financial performance, strong bookings, and positive market outlooks. However, minor challenges such as the impact of the Boeing strike and past due orders were noted.Company Guidance
In the FTG Q3 2024 earnings call, the company reported record financial performance with several impressive metrics. FTG's bookings reached $45.9 million, a 29% increase over the same quarter last year. Revenue climbed to $43.1 million, marking an 18% rise year-over-year. The company achieved record net earnings of $2.8 million, up 109% from Q3 2023, and adjusted EBITDA hit $7.3 million, a 46% increase. The backlog at the end of the quarter was over $121 million, with 86% expected to convert to revenue within the next 12 months. The Aerospace business experienced a 34% increase in sales to $13.4 million, and the Circuits business saw a 13.3% growth in the quarter. Geographically, sales to U.S.-based customers grew by $4.1 million, and sales to Asian customers increased by $1.9 million. The company also maintained a strong cash flow from operating activities, contributing to a reduction in net debt to $2.2 million by the quarter's end.Record-Breaking Financial Performance
FTG set records for financial performance in Q3 2024 with sales of $43.1 million, up 18% from Q3 last year, record net earnings of $2.8 million, up 109%, and record adjusted EBITDA of $7.3 million, up 46%.
Strong Bookings and Backlog
Bookings in Q3 2024 were $45.9 million, a 29% increase over Q3 last year, leading to a record backlog of over $121 million.
Operational and Integration Achievements
Successful integration activities at Circuits Minnetonka and Haverhill with improvements in throughput, shipments, and ERP system implementation. The expansion of the customer base also continued.
Positive Market Outlook
End market demand remains strong with Airbus and Boeing having a decade worth of production backlog. The business jet and helicopter markets are showing growth, and defense contractors like Lockheed are experiencing revenue growth.
Improved Gross Margin and Operational Efficiency
Gross margin increased to $11.6 million or 27% due to sales volume growth, productivity improvements, and favorable foreign exchange. Revenue per employee increased by 19% over the comparable quarter of 2023.
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TSE:FTG 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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TSE:FTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 09, 2024 | C$6.10 | C$6.67 | +9.34% |
| Jul 10, 2024 | C$5.92 | C$6.22 | +5.07% |
| Apr 11, 2024 | C$5.64 | C$5.65 | +0.18% |
| Feb 07, 2024 | C$4.38 | C$4.69 | +7.08% |
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 Firan Tech (TSE:FTG) report earnings?
Firan Tech (TSE:FTG) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Firan Tech (TSE:FTG) earnings time?
Firan Tech (TSE:FTG) earnings time is at Feb 05, 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 TSE:FTG EPS forecast?
TSE:FTG EPS forecast for the fiscal quarter 2024 (Q4) is 0.1.
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