EarningsQ4 2024 Earnings Report

Orica Limited (ORICN) Q4 2024 Earnings Report

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Previous Report: Q2 2024

Next Report: Q2 2025

MX:ORICN Q4 2024 EPS Results

Actual EPS$5.88

Consensus EPS$6.13

Beat/MissMissed by -$0.25

One Year Ago EPS$5.63

MX:ORICN Q4 2024 Revenue Results

Actual Revenue$50.13B

Expected Revenue$51.70B

Beat/MissMissed by -$1.57B

YoY Revenue Growth+1.49%

Earnings Announcement Details

QuarterQ4 2024

Date11/13/2024

TimeAfter Close

Conference CallWednesday, November 13, 2024

MX:ORICN Upcoming Earnings

Orica Limited's next earnings date is estimated for November 12, 2026, based on past reporting schedules.

Q4 2024 Earnings Call Audio

MX:ORICN Q4 2024 Earnings Call

0:00 / 0:00

Q4 2024 Earnings Slide Deck

Q4 2024 Earnings Call Summary

Q4 2024

Earnings Call Date:Nov 13, 2024|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call highlighted strong financial performance, strategic acquisitions, and significant progress in sustainability and digital solutions. However, it also addressed challenges in manufacturing and safety incidents. Despite these challenges, the overall outlook remains positive with continued growth expected in 2025.

Company Guidance

During the Q4 2024 earnings call for Orica (ORI.AX), executives highlighted multiple metrics reflecting the company's strong performance and strategic direction. Orica achieved its highest EBIT in a decade, increasing by 15% to $806 million, while net profit rose by 11% to $409 million. The company's return on net assets improved by 20 basis points to 12.8%, and earnings per share pre-significant items rose by $0.052 to $0.864. Orica has also made significant progress in sustainability, reducing Scope 1 and 2 emissions by 43% from the 2019 baseline. Furthermore, their employee engagement score reached 89%, and they are on track to meet their community investment target of $15 million by 2025. The company has also seen a 24% compound annual growth rate in EBIT since 2021 and increased dividends from $0.24 to $0.47 per share. Looking ahead, Orica anticipates continued EBIT growth across all segments in 2025, with capital expenditure expected to align with 2024 levels.

Record-Breaking Financial Performance

Highest EBIT in a decade, reaching $806 million, a 15% increase from the previous year. Statutory net profit increased by 77% to $525 million.

Successful Strategic Acquisitions

Acquisition of Terra Insights and Cyanco, contributing to earnings growth and expanding technology and services portfolio.

Strong Digital Solutions Growth

Digital Solutions segment increased EBIT by 29%, driven by robust performance across all product categories.

Sustainability Achievements

43% reduction in Scope 1 and 2 emissions from 2019 baseline. Received Australian Financial Review Sustainability Leaders Award.

Positive Employee Engagement

Employee engagement score of 89%, significantly outperforming industry benchmarks.

MX:ORICN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 12, 2026	2026 (Q4)	7.70 / -	7.396	―
May 06, 2026	2026 (Q2)	7.18 / -1.25	6.445	-119.42% (-7.70)
Nov 12, 2025	2025 (Q4)	7.13 / 7.40	5.882	25.74% (+1.51)
May 07, 2025	2025 (Q2)	5.72 / 6.44	4.856	32.73% (+1.59)
Nov 13, 2024	2024 (Q4)	6.13 / 5.88	5.632	4.44% (+0.25)
May 08, 2024	2024 (Q2)	4.69 / 4.86	3.854	25.97% (+1.00)
Nov 08, 2023	2023 (Q4)	5.71 / 5.63	5.106	10.29% (+0.53)
May 10, 2023	2023 (Q2)	3.85 / 3.85	4.518	-14.68% (-0.66)
Nov 09, 2022	2022 (Q4)	7.33 / 5.11	4.13	23.64% (+0.98)
May 11, 2022	2022 (Q2)	0.04 / 4.52	2.265	99.45% (+2.25)

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