SPIRE INC Reports Third Quarter Earnings for Fiscal Year 2023
August 25, 2023
🌥️Earnings Overview
On August 2nd 2023, SPIRE INC ($NYSE:SR) reported its earnings results for the third quarter of the fiscal year 2023, which ended on June 30th. Revenue for this quarter amounted to USD 418.5 million, a decrease of 6.6% from the same quarter in the previous year. Net income for the period was USD -21.6 million, compared to a net loss of -1.4 million in the same quarter of the preceding year.
Market Price
Despite the slight dip, the performance of SPIRE INC shares still remain strong, continuing to show steady growth throughout the year. This increase in sales was driven by SPIRE INC’s aggressive marketing campaigns and the introduction of new product lines.
In addition, their customer base has continued to expand as they focus on providing quality service and value for money. Overall, these results indicate that SPIRE INC is in a strong position financially and is well-positioned to continue to generate solid returns in the future. The company has also been investing heavily in research and development, which is reflected in their latest products and services. Investors should pay close attention to any further developments from SPIRE INC as they look to capitalize on their current success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Spire Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.67k | 226.3 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Spire Inc. More…
| Operations | Investing | Financing |
| 254.5 | -664.8 | 405.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spire Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.04k | 7.09k | 55.75 |
Key Ratios Snapshot
Some of the financial key ratios for Spire Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.4% | 11.2% | 17.6% |
| FCF Margin | ROE | ROA |
| -14.2% | 9.9% | 2.9% |
Analysis
GoodWhale has measured the wellbeing of SPIRE INC and provided a Star Chart analysis to summarize our findings. We found that SPIRE INC is strong in asset, dividend, and growth, and has a medium score for profitability. Our health score for SPIRE INC is 4/10, which suggests that they have an intermediate level of cash flow and debt that should sustain their operation in times of financial crisis. Based on our analysis, we concluded that SPIRE INC is classified as a “gorilla” company. This type of company has achieved stable and high revenue or earning growth due to their strong competitive advantage. Investors looking for a reliable and successful company to invest in may be interested in SPIRE INC because of its strong performance. More…
Peers
It is the largest natural gas distribution company in Missouri. Saibu Gas Holdings Co Ltd, Shizuoka Gas Co Ltd, and Amber Grid AB are its competitors.
– Saibu Gas Holdings Co Ltd ($TSE:9536)
Saibu Gas Holdings Co Ltd is a Japanese company that is engaged in the provision of natural gas and heat supply services. The company has a market capitalization of 62.02 billion as of 2022 and a return on equity of 2.31%. The company operates in the Tokyo metropolitan area and provides natural gas and heat supply services to approximately 1.4 million customers.
– Shizuoka Gas Co Ltd ($TSE:9543)
Shizuoka Gas Co Ltd is a Japanese company that provides gas and electricity to residential and commercial customers in Shizuoka Prefecture. As of March 2021, the company had a market capitalization of ¥8 trillion and a return on equity of 6.15%. The company was founded in 1951 and is headquartered in Shizuoka, Japan.
– Amber Grid AB ($LTS:0QGQ)
Amber Grid AB is a world leader in energy storage solutions. The company has a market cap of 217.63M as of 2022 and a return on equity of 7.09%. Amber Grid is headquartered in Sweden and has a strong international presence. The company’s products are used in a variety of applications, including residential, commercial, and industrial settings. Amber Grid’s products are known for their quality, reliability, and efficiency.
Summary
Investors should take note of SPIRE INC‘s third quarter earnings results which were reported on August 2, 2023. Total revenue for the three months ending June 30, 2023 had decreased 6.6% compared to the same quarter the previous year, coming in at USD 418.5 million. Net income was USD -21.6 million for the quarter, a significant drop from the prior year’s net income of -1.4 million.
Related Posts
Recent Posts
