Brookfield Infrastructure First Quarter 2024 Earnings: EPS: US$0.20 (vs US$2.67 loss in 1Q 2023)
Brookfield Infrastructure (NYSE:BIPC) First Quarter 2024 Results
Key Financial Results
Revenue: US$902.0m (up 82% from 1Q 2023).
Net income: US$28.0m (up from US$301.0m loss in 1Q 2023).
Profit margin: 3.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.
EPS: US$0.20 (up from US$2.67 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Brookfield Infrastructure Earnings Insights
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Gas Utilities industry in the US.
Performance of the American Gas Utilities industry.
The company's shares are up 2.7% from a week ago.
Risk Analysis
Be aware that Brookfield Infrastructure is showing 4 warning signs in our investment analysis and 1 of those can't be ignored...
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