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Steel Connect Inc   (STCN)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services


 

Steel Connect Inc

STCN's Financial Statements and Analysis



Steel Connect Inc reported in the second quarter of 2024 net earnings per share of $0.18 an improvement compare to net loss per share of $-0.19 recorded a year ago and an improvement of 20 % from $0.15 realized in I. Quarter (Oct 31 2023).


second quarter of 2024
Earnings Per Share Revenues
$ 0.18 $  42 Mill
$+0.37     $-8M     -15.41 %



Steel Connect Inc 's Revenue fell by -15.41 % in second quarter of 2024 (Jan 31 2024) year on year, to $42 million and advanced by 4.63 % sequentially.


Steel Connect Inc is

More on STCN's Income Statement



Steel Connect Inc 's net income of $5.346 million in the second quarter of 2024 increased from net loss of $-0.526 million II. Quarter a year ago.

Sequentially net earnings grew by 20.51 % from net income of $4.436 million realized in previous quarter.

More on STCN's Growth

Steel Connect Inc Inventories
Inventories declined by -13.17 % to $7.74 million from II. Quarter a year ago, sequentially inventories rose by 14.59 %. STCN's Cash flow In the second quarter of 2024 company's net cash flow was $0 million, capital expenditures fell by -0.318261.01%, to $-1 millions compare to same quarter a year ago

More on STCN's Cash flow Statement


Steel Connect Inc does not pay out common stock dividend.

In trailing twelve-month period Steel Connect Inc earned $ 0.21 cash per share, on a free-cash flow basis 30.65 % of net earning per share.

Book value grew by 7.87 % sequentially to $2.97 per share, 526.57% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 0.83 per share from $ 0.58.

Company issued 0.02 million shares or 0.07 % in Jan 31 2024.
Interest Coverage Ratio was 11.3. Debt Coverage Ratio was 1.29.

More on STCN's Dividends

 Market Capitalization (Millions) 236
 Shares Outstanding (Millions) 26
 Total Debt (Millions $) 13
 Revenue (TTM) (Millions $) 129
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) 204
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -




Steel Connect Inc does not pay out common stock dividend.

In trailing twelve-month period Steel Connect Inc had $ 0.21 cash flow per share, on a free-cash flow basis 30.65 % of net earning per share.

Book value grew by 7.87 % sequentially to $2.97 per share, 526.57% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 0.83 per share from $ 0.58.

Company issued 0.02 million shares or 0.07 % in Jan 31 2024.
Interest Coverage Ratio was 11.3. Debt Coverage Ratio was 1.29.

More on STCN's Balance Sheets

 Market Capitalization (Millions) 236
 Shares Outstanding (Millions) 26
 Total Debt (Millions $) 13
 Revenue (TTM) (Millions $) 129
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) 204
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -
   


  News about Steel Connect Inc Earnings

Steel Connect Inc. Sees Positive Earnings and Improved Profit Margins in Second Quarter Financial Report

Steel Connect Inc. announced its financial results for the second quarter ended January 31, 2024, revealing positive earnings and improved net profit per share compared to the previous year. The company reported earnings of $0.18 per share, a significant improvement from the loss of $0.19 per share in the same period last year. Net profit per share also grew by 20% compared to the prior reporting period.
Although the company experienced a decrease in revenue by 15.411% to $42.35 million from $50.06 million in the comparable reporting period a year ago, there was a 4.625% sequential revenue growth from $40.48 million. In comparison, the overall Professional Services industry recorded a revenue rise in the...

Steel Connect Inc Faces Steep Decline in First Quarter of 2024, Sparking Concerns for Future Growth

Steel Connect, Inc. (NASDAQ: STCN) has recently released its financial results for the first quarter of the 2024 earnings season, and while there ma...

Professional Services Companies Show Consistent Performance in Fourth Quarter of 2023, Reflecting Stability in the Industry

Financial News Report:
Steel Connect I...

Steel Connect Inc Faces Catastrophic 92% Income Plunge, Threatening Its Future Amid Latest Fiscal Period



Steel Connect Inc, a company operating in the Professional Services sector, recently released its financial results for the most recent fiscal period. The figures indicate a sharp decline in income and revenue, and conflicting profitability trends. Additionally, inventory levels and accounts receivable have shown noteworthy changes. These results provide insights into the company's performance and its potential future challenges and opportunities.
Financial Results Analysis:
1. Income:
Steel Connect Inc experienced a significant decline in income, with a fall of 92% in earnings per share (EPS) to $0.04 per share compared to $0.50 per share in the previous year. However, EPS turned posit...


Date modified: 2024-03-15T15:50:46+00:00





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