Euro Tech Holdings Company Limited (CLWT) Q4 2023 Earnings Report

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Euro Tech Holdings

CLWT

$1.100 1.84%

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

Q4 2023

Published: Apr 30, 2024

Earnings Highlights

Revenue of $9.98M up 150.9% year-over-year
EPS of $0.27 increased by 1% from previous year
Gross margin of 23.7%
Net income of 2.08M
""Our diversification into both trading and engineering solutions has increased our customer base significantly, facilitating this unprecedented growth in revenues and net income."" - CEO

CLWT

Euro Tech Holdings Company Limited

Period Q4 2023

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Euro Tech Holdings Company Limited (CLWT) delivered remarkable financial results in Q4 2023, demonstrating a year-over-year revenue increase of 150.92% and a staggering net income growth of 1,733.73%. The company reported a net income of $2,083,000 on revenue of $9,983,000, yielding an earnings per share (EPS) of $0.27. Management attributed this exceptional performance to effective operational efficiencies and an increased demand for their water treatment and environmental monitoring services.

In addition to these strong results, CLWT's balance sheet remains healthy, with total assets of $22,120,000 and total liabilities of $5,640,000, yielding a debt-to-equity ratio of just 0.0235. These figures indicate a solid financial foundation. Moving forward, strategic focus will be placed on expanding product offerings and exploring new markets to sustain this positive momentum in a competitive landscape.

Key Performance Indicators

Revenue

Increasing

9.98M

QoQ: 100.00% | YoY: 150.92%

Gross Profit

Increasing

2.36M

23.67% margin

QoQ: 100.00% | YoY: 215.49%

Operating Income

Increasing

469.00K

QoQ: 98.31% | YoY: 231.19%

Net Income

Increasing

2.08M

QoQ: 100.00% | YoY: 1 733.73%

EPS

Increasing

0.27

QoQ: 107.69% | YoY: 1 736.36%

Revenue Trend

Margin Analysis

Financial Highlights

1. Revenue Growth: Revenue surged to $9,983,000 in Q4 2023 compared to $3,975,000 in Q4 2022, reflecting a strong year-on-year growth of 150.92% and a quarter-on-quarter increase of 100.00%.
2. Profitability: Gross profit increased to $2,363,000, leading to a gross profit margin of 23.67%. Operating income also saw significant growth, reaching $469,000.
3. Net Income and EPS: Net income climbed to $2,083,000, with an EPS of $0.27, representing a remarkable 1,736.36% increase year-over-year.
4. Cash Flow Metrics: The company’s cash position stands at $6,646,000, ensuring liquidity and operational flexibility, though actual cash flow statements are currently unavailable.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	9.98M	150.92%	100.00%
Gross Profit	2.36M	215.49%	100.00%
Operating Income	469.00K	231.19%	98.31%
Net Income	2.08M	1 733.73%	100.00%
EPS	0.27	1 736.36%	107.69%

Key Financial Ratios

Gross Profit Margin

Fair

23.70%

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

Operating Profit Margin

Weak

4.70%

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

0.02

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

P/E Ratio

Value

3.02x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Undervalued

0.80x

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) Q4 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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