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Mesabi Trust  (MSB)
Other Ticker:  
 
    Sector  Basic Materials    Industry Metal Mining
   Industry Metal Mining
   Sector  Basic Materials


 

Mesabi Trust

MSB's Financial Statements and Analysis



Mesabi Trust reported in the third quarter of 2024 net earnings per share of $0.31 an improvement compare to net loss per share of $-0.03 recorded a year ago and decline of -55.51 % from $0.70 earned in II. Quarter (Jul 31 2023).


third quarter of 2024
Earnings Per Share Revenues
$ 0.31 $  5 Mill
$+0.34     $+5M     +5681.78 %



Mesabi Trust's Revenue rose by 5681.78 % in third quarter of 2024 (Oct 31 2023) year on year, to $5 million and declined by -50.49 % sequentially.


Mesabi Trust is Expected to report next financial results on April 23, 2024.

More on MSB's Income Statement



Mesabi Trust's net income of $4.086 million in the third quarter of 2024 increased from net loss of $-0.414 million III. Quarter a year ago.

Sequentially net earnings fell by -55.51 % from net income of $9.183 million realized in previous quarter.

More on MSB's Growth

Mesabi Trust Inventories
MSB's Cash flow In the third quarter of 2024 company's net cash flow was $5 million


Mesabi Trust payed out dividend of $0.84 per share in last 52 weeks representing 14.74 % of net earning per share in trailing twelve-month period.

During the same period Mesabi Trust earned $ 0.64 cash per share, on a free-cash flow basis 11.24 % of net earning per share.


Tangible Book value fell to $ 0.00 per share from $ 0.00.

Company repurchased 0.00 million shares or 0.00 % in Oct 31 2023.
Interest Coverage Ratio was 81.2.

More on MSB's Dividends

 Market Capitalization (Millions) 230
 Shares Outstanding (Millions) 13
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 78
 Net Income (TTM) (Millions $) 75
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.84 $
 Dividend Yield TTM (%) 4.79 %
 Employees (TTM) $ 1




Mesabi Trust payed out dividend of $0.84 per share in the last 52 weeks representing 14.74 % of net earning per share in trailing twelve-month period.

During the same period Mesabi Trust had $ 0.64 cash flow per share, on a free-cash flow basis 11.24 % of net earning per share.


Tangible Book value fell to $ 0.00 per share from $ 0.00.

Company repurchased 0.00 million shares or 0.00 % in Oct 31 2023.
Interest Coverage Ratio was 81.2.

More on MSB's Balance Sheets

 Market Capitalization (Millions) 230
 Shares Outstanding (Millions) 13
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 78
 Net Income (TTM) (Millions $) 75
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0.84 $
 Dividend Yield TTM (%) 4.79 %
 Employees (TTM) $ 1
   


  News about Mesabi Trust Earnings

EPS fell while revenue grown rapidly in the financial third quarter of 2024

Mesabi Trust, a prominent player in the Basic Materials sector, recently made headlines with its strong financial performance in the third quarter of 2024. The company reported a remarkable revenue advance of 5681.776% year-on-year, reaching $4.90 million. As a result, Mesabi Trust's bottom-line turned positive, with a profit of $0.31 per share. These figures represent a significant improvement compared to the previous financial reporting period, where profit plummeted by -55.51% and revenue tumbled by -50.491%.
The company's net income in the third quarter of 2024 was $4.086 million, a notable improvement compared to the corresponding financial reporting period a year ago, which experienced a net shortf...

Mesabi Trust Achieves Remarkable Financial Turnaround with Positive Income Growth, Earning $0.70 per Share in Fiscal Interval Ending July 31, 2023

Mesabi Trust, a metal mining company, has shown positive growth and improvement in its financial performance for the fiscal interval closing on July 31, 2023. The company has reported profits of $0.70 per share, a significant increase compared to the negative earnings of $-0.37 per share in the same quarter a year before. This demonstrates a positive turnaround for Mesabi Trust, as the company has been able to generate profits and improve its financial position.
In the prior quarter, Mesabi Trust realized earnings of $0.08 per share, indicating a substantial growth in EPS by 797.31%. Additionally, the company's revenue has more than doubled, with a growth rate of 434.886% from $1.85 million in the prior ...

Mesabi Trust Reports Significant Decline in Q2 2023 Revenue and Earnings

Mesabi Trust, a Minnesota-based mining corporation that produces iron ore pellets, has experienced a sharp decline in its income and revenue for the fiscal span ending April 30 2023. Its income fell by -92.47% to $0.08 per share, which is a significant drop from $1.04 per share recorded in the previous year. Its EPS also dropped by -98.31% to $4.61 per share from the previous quarter. This indicates that the company is struggling to maintain its profitability.
The company's revenue plummeted by -86.976% to $1.85 million from $14.20 million in the same quarter a year prior. Sequentially, the revenue tumbled by -96.996% from $61.55 million. This steep decline in revenue indicates that Mesabi Trust has expe...


Date modified: 2023-12-15T16:08:54+00:00





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