Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
IBC Advanced Alloys Corp (TSE:IB)
TSXV:IB
Holding TSE:IB?
Track your performance easily
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
<C$0.01Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 27, 2024
|% Change Since: 0.00%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with steady performance and growth opportunities in the Copper Alloys division, particularly in the U.S. naval defense sector. However, the company faces financial losses due to the closure of the EM division and continues to manage associated costs.Company Guidance
During the earnings call for IBC Advanced Alloys, guidance was provided concerning the company's financial performance and future prospects. The Copper Alloys division reported sales revenues of $4.9 million for the first fiscal quarter of 2025, maintaining stability despite higher material costs and softer demand. The company faced a $1.2 million consolidated loss, attributed to closing costs at the EM division, increased corporate SG&A expenses, and debt service payments. However, Mark Smith emphasized the potential for growth as these costs decrease and debt is paid down. He highlighted a strong upward trend in copper gross profit and gross margin since the $5.7 million expansion of the Franklin, Indiana, facility in 2022. Smith also discussed potential growth opportunities in sectors such as 5G, electric vehicles, and U.S. naval defense, with ongoing discussions regarding funding and collaborations. The guidance reflected optimism for future expansion, including plant capacity increases contingent on defense funding.Steady Sales Revenue in Copper Alloys Division
The Copper Alloys division achieved sales revenues of $4.9 million, closely matching the performance in Q1 of the 2024 fiscal year, despite softer demand and higher material costs.
Expansion and Modernization of Copper Alloys Facility
The expansion and modernization of the Copper Alloys manufacturing facility in 2022 increased production space to 83,000 square feet and helped grow sales from $13.7 million to over $25 million annually.
Potential Growth in U.S. Naval Defense Sector
IBC is well-positioned to benefit from the aggressive U.S. Navy shipbuilding plans through 2030, which could increase the fleet to over 381 ships. IBC is an approved supplier for submarine builders and is in discussions to expand its role.
Continued Upward Trends in Copper Alloys
Copper Alloys division showed upward trends in revenue and adjusted EBITDA over the past four years, indicating strong performance and potential for future growth.
---
TSE:IB 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
---
TSE:IB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 27, 2024 | C$0.08 | C$0.08 | 0.00% |
| Oct 28, 2024 | C$0.06 | C$0.08 | +33.33% |
| May 16, 2024 | C$0.07 | C$0.08 | +14.29% |
| Feb 13, 2024 | C$0.04 | C$0.07 | +75.00% |
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.
---
FAQ
When does IBC Advanced Alloys Corp (TSE:IB) report earnings?
IBC Advanced Alloys Corp (TSE:IB) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is IBC Advanced Alloys Corp (TSE:IB) earnings time?
IBC Advanced Alloys Corp (TSE:IB) earnings time is at Feb 27, 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:IB EPS forecast?
Currently, no data Available
---