ALS (ASX:ALQ) reported underlying revenue of $1.46bn for the half year ending 30 September 2024, up 14% year-on-year. Growth was driven by robust performance in the Life Sciences division, which saw revenue climb 25.6%, offsetting softer conditions in the Commodities division.
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As expected, Brisbane-based global testing company ALS (ASX:ALQ) has ensured that its shareholders will not feel the financial pain of its Nuvisan adventure—the wasted millions of dollars invested in the European drug testing company and the quarter of a billion dollar impairment wrote down.
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The 2023-24 fiscal year has been nothing but resilient for the Brisbane-based global testing group, ALS (ASX:ALQ). The first half, ending in September, saw a slight rise in revenue followed by a drop in earnings.
Read MoreShares in ALS dropped more than 4% yesterday after the company’s full year results hinted at emerging pressures in global markets for its mining services.
Read MoreDiffering fortunes for mining behemoth Fortescue and local medi-tech ALS on Wednesday, with operational dramas at the former and a slight earnings upgrade from the latter.
Read MoreFor the second year in a row, global testing multinational ALS Ltd will pay a higher dividend to shareholders after another solid performance in the six months to September.
Read MoreWe round out what has – to say the least – been a forgettable 2021-22 financial year with some updates from auto trader Carsales.com and Brisbane-based testing group ALS Ltd.
Read MoreThe Outperform rating is retained and the target price decreases to $14.50 from $14.70.
Read MoreThings were also busy across in the ASX Industrials sector. Here’s some news released during the Wednesday session by Costa Group, Fisher & Paykel Healthcare and ALS Ltd.
Read MoreThe Outperform rating is retained and the target price increases to $14.70 from $14.00.
Read MoreCredit Suisse has raised its FY22 EPS forecast by 2.6% and increases the target price to $15.05 from $14.07. Outperform.
Read MoreThe Outperform rating is retained and the target price increases to $14.70 from $14.10.
Read MoreALS will pay a sharply higher dividend for the September half, with the Brisbane-based testing group boosting underlying net profit more than 57% and seeing more of the same moving forward.
Read MoreMorgans raises the target to $13.17 from $12.45 and retains a Hold rating.
Read MoreOutperform rating maintained. Target is $13.80.
Read MoreUBS retains a Neutral rating and raises the target to $13.00 from $12.25.
Read MoreCredit Suisse retains an Outperform rating and increases the target to $13.45 from $10.40.
Read MoreShares in global testing lab operator ALS surged more than 12% yesterday to a new year’s high as the company played catch up for its shareholders with a sharply higher final payout.
Read MoreAs the outlook for minerals exploration improves and concerns over the economic impact of the pandemic ease, the laboratory services of ALS Ltd will be in demand.
Read MoreALS Ltd will acquire Investiga, a pharmaceutical testing company based in the Americas. UBS retains a Neutral rating and $9.90 target and believes the stock adequately prices in the global improvement.
Read MoreAn upbeat trading update for the six months to March 31 from Brisbane-based global testing group ALS came with news of a small acquisition in Brazil.
Read MoreALS has invested in additional geochemistry capacity as the cycle for global mineral exploration ramps up again, providing an improved earnings outlook.
Read MoreTesting and inspection business ALS has chopped interim dividend by a quarter after its first-half result produced lower revenue and earnings, with more of the same to come.
Read MoreALS’s first-quarter revenues were down -10% versus the June quarter due to covid-19 restrictions.
Read MoreThe broker notes lead indicators for ALS’ geochem business are improving, with Canadian resource raisings up 66% in the first half of 2020 and Australian raisings also lifting off low levels. Typically there is a 2-3 month lag for resource raisings to flow into additional exploration activity.
Read MoreALS Ltd has acted quickly to manage the economic downturn but a robust recovery in sample flows and testing is expected as lockdowns measures are unwound.
Read MoreFY20 net profit was slightly ahead of UBS estimates. The company has reiterated recent commentary regarding trading and provided no formal FY21 guidance.
Read MoreShares in Brisbane-based global testing group, ALS Ltd rose nearly 3% despite the group revealing a weak 2019-20 result and lower final dividend.
Read MoreWoodside Petroleum is bracing for “unprecedented circumstances”, global testing giant ALS is marshaling its financial forces to survive the impact of COVID-19 while South32 plans slash capital expenditure and has suspended its on-market buyback.
Read MoreBrisbane-based multinational testing group, ALS saw its shares buck what was a very, very weak market yesterday after reporting better than forecast half-year earnings, a higher dividend and an upbeat earnings forecast for the year to next March.
Read MoreWhile the stock is priced for a recovery in geochemistry Credit Suisse finds little evidence this is occurring. The focus at the result is likely to be on the volume growth in geochemistry and continued margin improvement in life sciences.
Read MoreA collection of mining services companies beginning to experience some attractive breakouts that point to these flow-on affects from mining activity translating to a sustained increase in earnings.
Read MoreThe first half guidance issued at the AGM was slightly below Morgans’ expectations. The broker believes peak commodities-driven growth is now behind the company and the health of the exploration and mining capital raisings remain key to the performance in FY20.
Read MoreFY19 net profit was in line with Credit Suisse estimates. Revenue growth occurred across all segments and margins improved in life sciences for the first time in six years.
Read MoreA good result from Brisbane-based global testing group ALS yesterday with 27.3% lift in after-tax net profit to $181 million for the 2018-19 year ending March 31.
Read MoreMacquarie expects earnings growth will prove to be robust when the company reports its FY19 result on May 21. Life Sciences produced strong sequential improvement in the first half and the broker expects a margin expansion of 130 basis points in the second half.
Read MoreThe rebound in global resources and in the wider economy has seen the Brisbane-based global testing giant, ALS Limited boost interim dividend by a third after lifting earnings by 30% on an underlying basis to $93.3 million for the September half of its 2018-19 financial year.
Read MoreShares in Brisbane-based global testing giant, ALS Ltd surged yesterday, adding more than 11% in value after the company’s annual meeting heard an upbeat outlook for the first half of the 2018-19 financial year.
Read MoreBrisbane-based testing group, ALS Ltd has lifted final dividend on top of a higher interim after reporting an improved underlying performance for 2017-18.
Read MoreYou can understand why Brisbane-based testing group, ALS Limited will offer shareholders a $175 million buy back, as well as a higher interim dividend after announcing an underlying net profit after tax of $70.1 million for the six months to September 30, 2017. While the company reported a solid underlying result, the after tax result including one offs saw the impact of more impairments on its assets – this time in its coal testing division.
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DOWNLOAD RESEARCH REPORTSecures binding contract with Tier-1 OEMUS based anode active project gathers momentumMagnis Energy Technologies (MNS.ASX) – MNS is planning an anode active facility in the US and recently announced a binding, yet conditional, contract for the supply of anode active with Tesla. The contract is for a minimum 17.5kt/year with an option to purchase another 17.5t/year. Conditions precedent carry a tight development timeframe, with first production scheduled for February 2025. Site selection is underway and co-locating with an OEM on a brownfields site makes sense. Long lead items have been ordered and detailed engineering and design is expected to commence soon. |
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