BROOKFIELD INFRASTRUCTURE Reports 12.3% Increase in Revenue for Q2 FY2023
August 28, 2023
☀️Earnings Overview
For the second quarter of FY2023, BROOKFIELD INFRASTRUCTURE ($NYSE:BIPC) saw total revenue of USD 538.0 million, a 12.3% increase compared to the same quarter of the previous year. Unfortunately, their net income was reported as USD -274.0 million, a significant decline from the USD 673.0 million seen in Q2 of FY2022.
Analysis
Analyzing BROOKFIELD INFRASTRUCTURE‘s fundamentals with GoodWhale, we can conclude that it has an intermediate health score of 6/10 considering its cashflows and debt, which might be able to pay off debt and fund future operations. According to the Star Chart, BROOKFIELD INFRASTRUCTURE is strong in dividend, growth, profitability, and weak in asset. Classified as ‘gorilla’, BROOKFIELD INFRASTRUCTURE achieved stable and high revenue or earning growth due to its strong competitive advantage. This type of company may be attractive to investors looking for a good return on their investment, as well as those interested in stability. Additionally, those who prioritize income from dividends would also find BROOKFIELD INFRASTRUCTURE to be an attractive company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brookfield Infrastructure. More…
| Total Revenues | Net Income | Net Margin |
| 1.98k | 219 | 11.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brookfield Infrastructure. More…
| Operations | Investing | Financing |
| 793 | -531 | -506 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brookfield Infrastructure. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.97k | 11.74k | -14.74 |
Key Ratios Snapshot
Some of the financial key ratios for Brookfield Infrastructure are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.3% | 12.3% | 79.6% |
| FCF Margin | ROE | ROA |
| 13.2% | -64.8% | 9.0% |
Summary
Brookfield Infrastructure reported total revenue of USD 538.0 million for the second quarter of FY2023, a 12.3% increase from the same quarter of the previous year. The news pushed the stock price down significantly on the same day. Investors should carefully consider Brookfield Infrastructure’s current financial standings in order to make informed decisions on their investments. Furthermore, investors should monitor the stock price for any further changes based on upcoming reports or other relevant news.
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