Lumine Group Q3 revenue rises on acquisitions

Lumine

03/11/2025 21:47

Overview

Lumine Group Q3 revenue grows 5% yr/yr, driven by acquisitions

Net income for Q3 rises 36% yr/yr, reflecting improved profitability

Cash flow from operations up 143% yr/yr, driven by lower non-cash working capital

Outlook

Lumine Group did not provide specific future guidance

Result Drivers

ACQUISITIONS - Revenue growth attributed to new acquisitions

IMPROVED PROFITABILITY - Net income increase driven by profitability from recent acquisitions

LOWER WORKING CAPITAL - Cash flow from operations boosted by reduced non-cash working capital

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$186.70 mln
Q3 Net Income
$24.80 mln
Q3 Cash Flow from Operations
$46.50 mln
Q3 Free Cash Flow
$42.50 mln
Q3 Operating Income
$65.1 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Lumine Group Inc is C$59.00, about 43.2% above its October 31 closing price of C$33.50

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 63 three months ago

Press Release: ID:nGNX9dB9mn

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)