ALS Ltd

ALQ: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$4.50	Pyfd	Ktkzqrh

ALS Earnings: Outlook Mixed Tempering Near-Term Expectations

Mark Taylor

May 22, 2024

No-moat ALS’ underlying fiscal 2024 net profit after tax fell 4% to AUD 297 million, about 4% below our AUD 310 million forecast. The underlying result excludes net AUD 284 million of post-tax imposts, including restructuring and fair value reduction for the troubled Nuvisan acquisition.

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