PWR Holdings (ASX:PWH), an energy company, disclosed their financial results for the fiscal year 2023, outperforming the consensus estimates established by Visible Alpha.

With a recorded revenue of A$118.3 million and NPAT of A$21.8 million, they surpassed Citi’s expectation by 1% each.

PWR Holdings also announced a fully-franked final dividend of 8.90 Australian cents per share.

Citi, a brokerage firm, has set a price target of A$11.55 for PWR’s stock.

Positive signs were observed in the aerospace and defence sectors of PWR Holdings as secure programs are envisaged to increase in fiscal 2024.

Despite these achievements, the company’s stock has been down by 16.4% for the year by the last close.

PWR Holdings is an energy company specializing in integrated energy solutions.