Teekay (NYSE:TK) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.22b (down 17% from FY 2023).
• Net income: US$133.8m (down 11% from FY 2023).
• Profit margin: 11% (in line with FY 2023).
• EPS: US$1.47 (down from US$1.59 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Tankers segment contributing a total revenue of US$1.11b (91% of total revenue). Notably, cost of sales worth US$732.9m amounted to 60% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$199.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how TK's revenue and expenses shape its earnings.

Teekay shares are down 2.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Teekay's balance sheet.

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