Euro Tech Holdings Company Limited (CLWT) Q3 2023 Earnings Report

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Euro Tech Holdings

CLWT

$1.100 1.84%

Exchange: NASDAQ | Sector: Industrials | Industry: Industrial Pollution Treatment Controls

Q3 2023

Published: Sep 30, 2023

Earnings Highlights

Revenue of $4.99M up 21.5% year-over-year
EPS of $0.13 increased by 283.5% from previous year
Gross margin of 23.7%
Net income of 1.04M
""We are committed to enhancing our product range to cater to the evolving needs of our customers while ensuring profitability."" - CFO

CLWT

Euro Tech Holdings Company Limited

Period Q3 2023

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Euro Tech Holdings Company Limited (CLWT) reported a significant turnaround in its financial performance for Q3 2023, with net income soaring by 276.67% year-over-year to $1,041,500, translating to earnings per share (EPS) of $0.13. Despite a 37.27% decline in revenue to $4,991,500 from Q2, the company demonstrated robust operational efficiency with an operating income margin that saw a remarkable 133.08% increase progressively. This performance can largely be attributed to improved cost management and strategic sales initiatives targeting government and commercial contracts in the pollution control and water treatment sectors.

Key Performance Indicators

Revenue

Increasing

4.99M

QoQ: -37.27% | YoY: 21.46%

Gross Profit

Decreasing

1.18M

23.67% margin

QoQ: -21.13% | YoY: -13.44%

Operating Income

Decreasing

236.50K

QoQ: 133.08% | YoY: -22.71%

Net Income

Increasing

1.04M

QoQ: 508.43% | YoY: 276.67%

EPS

Increasing

0.13

QoQ: 493.94% | YoY: 283.48%

Revenue Trend

Margin Analysis

Financial Highlights

### Financial Metrics Overview
- Revenue: $4,991,500 (YoY increase of 21.46%, QoQ decrease of 37.27%)
- Gross Profit: $1,181,500 (YoY decrease of 13.44%, QoQ decrease of 21.13%)
- Operating Income: $236,500 (YoY decrease of 22.71%, QoQ increase of 133.08%)
- Net Income: $1,041,500 (YoY increase of 276.67%, QoQ increase of 508.43%)
- EPS: $0.13 (YoY increase of 283.48%, QoQ increase of 493.94%)
### Financial Health
- Current Ratio: 1.884
- Quick Ratio: 1.755
- Cash and Cash Equivalents: $5,453,000
- Total Assets: $22,120,000
- Total Liabilities: $5,640,000
- Debt to Equity Ratio: 0.0127
This indicates a stable liquidity position and minimal leverage, reinforcing Euro Tech's financial resilience.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	4.99M	21.46%	-37.27%
Gross Profit	1.18M	-13.44%	-21.13%
Operating Income	236.50K	-22.71%	133.08%
Net Income	1.04M	276.67%	508.43%
EPS	0.13	283.48%	493.94%

Key Financial Ratios

Gross Profit Margin

Fair

23.70%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Weak

4.74%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Excellent

20.90%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Fair

4.71%

Return on assets is acceptable but below top-tier companies

Return on Equity

Fair

6.66%

Return on equity is acceptable but below top-tier companies

Current Ratio

Healthy

1.88

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Conservative

0.01

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Value

2.66x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Undervalued

0.71x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	8.12	0.09	+2.1%	View
Q2 2024	7.26	0.01	-11.7%	View
Q4 2023	9.98	0.27	+150.9%	View
Q3 2023	4.99	0.13	+21.5%	View
Q2 2023	7.96	-0.03	+18.2%	View

Euro Tech Holdings (CLWT) Q3 2023 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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