Copa Holdings Q4 2023 Net Income Jumps to $191.8M, EPS $4.55
Ticker: CPA · Form: 6-K · Filed: Feb 8, 2024 · CIK: 1345105
| Field | Detail |
|---|---|
| Company | Copa Holdings, S.A. (CPA) |
| Form Type | 6-K |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: earnings, financial-results, airline, profitability
TL;DR
**Copa Holdings crushed Q4 with $191.8M net income and $4.55 EPS!**
AI Summary
Copa Holdings, S.A. (NYSE: CPA) reported a strong fourth quarter of 2023, with net income reaching $191.8 million and Earnings Per Share (EPS) of $4.55. Excluding special items, adjusted net income was $188.4 million, or an Adjusted EPS of $4.47. These results, announced on February 7, 2024, indicate robust profitability for the airline, which is positive for current and potential investors as it demonstrates strong financial health and operational efficiency.
Why It Matters
Strong earnings demonstrate the company's profitability and operational efficiency, which can lead to increased investor confidence and potentially a higher stock valuation.
Risk Assessment
Risk Level: low — The filing reports strong financial results, indicating a positive performance and lower immediate risk for investors.
Analyst Insight
Investors should review Copa Holdings' full earnings release for details on revenue, operational metrics, and future guidance, as the reported net income and EPS are very strong indicators of financial health.
Key Numbers
- $191.8M — Net Income (Copa Holdings' reported net income for the fourth quarter of 2023, indicating strong profitability.)
- $4.55 — EPS (Copa Holdings' reported Earnings Per Share for the fourth quarter of 2023, a key measure of per-share profitability.)
- $188.4M — Adjusted Net Income (Copa Holdings' net income for Q4 2023, excluding special items, providing a clearer view of core operational performance.)
- $4.47 — Adjusted EPS (Copa Holdings' Earnings Per Share for Q4 2023, excluding special items, offering a normalized view of per-share earnings.)
Key Players & Entities
- Copa Holdings, S.A. (company) — the registrant reporting financial results
- José Montero (person) — CFO who signed the 6-K report
- $191.8 million (dollar_amount) — net income for Q4 2023
- $4.55 (dollar_amount) — EPS for Q4 2023
- $188.4 million (dollar_amount) — adjusted net income for Q4 2023
- $4.47 (dollar_amount) — adjusted EPS for Q4 2023
- February 7, 2024 (date) — date financial results were announced
- February 8, 2024 (date) — date the 6-K report was filed
Forward-Looking Statements
- Copa Holdings' stock (CPA) will likely see positive investor sentiment and potential price appreciation in the short term due to strong Q4 2023 earnings. (Copa Holdings, S.A.) — high confidence, target: 2024-03-31
- Analysts may revise their price targets upwards for Copa Holdings following the robust financial performance reported for Q4 2023. (Copa Holdings, S.A.) — medium confidence, target: 2024-04-30
FAQ
What was Copa Holdings, S.A.'s reported net income for the fourth quarter of 2023?
Copa Holdings, S.A. reported a net income of $191.8 million for the fourth quarter of 2023.
What was the Earnings Per Share (EPS) for Copa Holdings, S.A. in 4Q23?
The Earnings Per Share (EPS) for Copa Holdings, S.A. in the fourth quarter of 2023 was $4.55.
What was the adjusted net income for Copa Holdings, S.A. in 4Q23, excluding special items?
Excluding special items, Copa Holdings, S.A.'s adjusted net income for the fourth quarter of 2023 was $188.4 million.
Who signed the 6-K report on behalf of Copa Holdings, S.A. and what is their title?
The 6-K report was signed by José Montero, who holds the title of CFO for Copa Holdings, S.A.
When were the financial results for the fourth quarter and full year of 2023 announced by Copa Holdings, S.A.?
The financial results for the fourth quarter and full year of 2023 were announced by Copa Holdings, S.A. on February 7, 2024.
Filing Stats: 208 words · 1 min read · ~1 pages · Grade level 12.9 · Accepted 2024-02-08 17:24:32
Filing Documents
- cpa-20240208x6k.htm (6-K) — 11KB
- cpa4q23ex-991.htm (EX-99.1) — 362KB
- image_5a.jpg (GRAPHIC) — 192KB
- 0001628280-24-003930.txt ( ) — 639KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Copa Holdings, S.A. (Registrant) Date 282024 By s Jos Montero Name Jos Montero Title CFO