Teck Resources Reports Strong Q4 Earnings and Revenue Growth

Teck Resources Limited announced strong fourth-quarter earnings, showing a profit of C$385 million and revenue growth to C$2.786 billion. The company's performance was buoyed by a significant increase in copper production.

Date: 20-02-2025

AI Rating: 7

Earnings Per Share (EPS): Teck Resources reported a profit from continuing operations of C$0.75 per share, which is a turnaround from a net loss of C$0.32 per share the year prior. This significant increase in EPS reflects the company's recovery and improved efficiency.

Revenue Growth: The fourth quarter's revenue reached C$2.786 billion, a notable increase from C$1.843 billion year-over-year. This growth indicates strong demand and effective operational performance.

Net Income: The company reported a net profit of C$399 million, a substantial recovery from a net loss of C$699 million the previous year. This switch from a loss to a profit signifies a positive trend in financial health.

Future Outlook: Teck has indicated that it achieved record copper production of 446,000 tonnes in 2024, a 50% increase from 2023. The company expects copper production to rise further in 2025, projecting between 490,000 and 565,000 tonnes. This optimistic projection is consistent with their disclosed guidance and may enhance investor confidence.

Stocks: TECK