Enaex (ENAEX) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, reached $1,413 million, up from $1,393 million year-over-year.

• Net income attributable to owners was $117.7 million, compared to $113.1 million for the same period last year.

• The group operates globally, with significant expansions in Latin America, Africa, Australia, and Europe.

Financial highlights

• Gross profit increased to $340.2 million from $325.8 million year-over-year.

• Operating income rose to $196.4 million from $189.3 million year-over-year.

• Net cash from operating activities was $195.9 million, down from $239.2 million year-over-year.

• Cash and cash equivalents at period end were $218.5 million, down from $244.6 million at the start of the year.

Outlook and guidance

• The company continues to focus on global expansion and technological innovation in mining services.