Financial Statements
Financial Statements
| Year Ending Dec 2025 (Update) | Year Ending Dec 2024 (Update) | Year Ending Dec 2023 (Update) | Year Ending Dec 2022 (Update) | |
|---|---|---|---|---|
| Net Sales | 427.97 | 372.51 | 340.01 | 314.43 |
| Revenue | 427.97 | 372.51 | 340.01 | 314.43 |
| Total Revenue | 427.97 | 372.51 | 340.01 | 314.43 |
| Cost of Revenue | 232.02 | 191.26 | 146.63 | 87.52 |
| Cost of Revenue, Total | 232.02 | 191.26 | 146.63 | 87.52 |
| Gross Profit | 195.95 | 181.25 | 193.38 | 226.90 |
| Selling/General/Administrative Expense | 81.13 | 83.07 | 77.59 | 68.19 |
| Labor & Related Expense | 95.37 | 96.19 | 88.15 | 84.28 |
| Selling/General/Administrative Expenses, Total | 176.50 | 179.26 | 165.74 | 152.47 |
| Depreciation | 0.88 | 0.86 | 0.85 | 1.62 |
| Depreciation/Amortization | 0.88 | 0.86 | 0.85 | 1.62 |
| Other Unusual Expense (Income) | -- | -- | -- | -- |
| Unusual Expense (Income) | -- | -- | -- | -- |
| Other, Net | -2.93 | -5.31 | -22.30 | -28.10 |
| Other Operating Expenses, Total | -2.93 | -5.31 | -22.30 | -28.10 |
| Total Operating Expense | 406.47 | 366.08 | 290.92 | 213.52 |
| Operating Income | 21.50 | 6.43 | 49.10 | 100.91 |
| Investment Income, Non-Operating | 6.50 | 21.00 | 12.00 | 15.28 |
| Interest/Investment Income, Non-Operating | 6.50 | 21.00 | 12.00 | 15.28 |
| Interest Income (Expense), Net-Non-Operating, Total | 6.50 | 21.00 | 12.00 | 15.28 |
| Net Income Before Taxes | 28.00 | 27.43 | 61.10 | 116.19 |
| Income Tax – Total | 8.68 | 8.23 | 15.75 | 30.21 |
| Income After Tax | 19.33 | 19.20 | 45.34 | 85.98 |
| Net Income Before Extraordinary Items | 19.33 | 19.20 | 45.34 | 85.98 |
| Extraordinary Item | -- | -- | -- | -- |
| Total Extraordinary Items | -- | -- | -- | -- |
| Net Income | 19.33 | 19.20 | 45.34 | 85.98 |
| Income Available to Common Excluding Extraordinary Items | 19.33 | 19.20 | 45.34 | 85.98 |
| Income Available to Common Stocks Including Extraordinary Items | 19.33 | 19.20 | 45.34 | 85.98 |
| Basic Weighted Average Shares | 21.89 | 21.29 | 20.90 | 20.96 |
| Basic EPS Excluding Extraordinary Items | 0.88 | 0.90 | 2.17 | 4.10 |
| Basic EPS Including Extraordinary Items | 0.88 | 0.90 | 2.17 | 4.10 |
| Diluted Net Income | 19.33 | 19.20 | 45.34 | 85.98 |
| Diluted Weighted Average Shares | 24.08 | 24.33 | 25.22 | 26.59 |
| Diluted EPS Excluding Extraordinary Items | 0.80 | 0.79 | 1.80 | 3.23 |
| Diluted EPS Including Extraordinary Items | 0.80 | 0.79 | 1.80 | 3.23 |
| Gross Dividends - Common Stock | 0.00 | -- | -- | 0.00 |
| Total Special Items | -- | -- | -- | -- |
| Normalized Income Before Taxes | 28.00 | 27.43 | 61.10 | 116.19 |
| Effect of Special Items on Income Taxes | -- | -- | -- | -- |
| Income Taxes Excluding Impact of Special Items | 8.68 | 8.23 | 15.75 | 30.21 |
| Normalized Income After Taxes | 19.33 | 19.20 | 45.34 | 85.98 |
| Normalized Income Available to Common | 19.33 | 19.20 | 45.34 | 85.98 |
| Basic Normalized EPS | 0.88 | 0.90 | 2.17 | 4.10 |
| Diluted Normalized EPS | 0.80 | 0.79 | 1.80 | 3.23 |
| Depreciation, Supplemental | 0.88 | 0.86 | 0.85 | 1.62 |
| Interest Expense, Supplemental | 232.02 | 191.26 | 146.63 | 87.52 |
| Rental Expense, Supplemental | 5.00 | 3.58 | 5.55 | 6.65 |
| Stock-Based Compensation, Supplemental | 2.67 | 2.96 | 3.46 | 4.43 |
| Audit-Related Fees, Supplemental | 1.00 | 1.00 | 0.96 | 0.92 |
| Audit-Related Fees | 0.17 | 0.17 | 0.24 | 0.19 |
| Tax Fees, Supplemental | 0.31 | 0.30 | 0.30 | 0.27 |
| All Other Fees Paid to Auditor, Supplemental | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Margin | 45.78 | 48.66 | 56.88 | 72.16 |
| Operating Margin | 5.02 | 1.73 | 14.44 | 32.09 |
| Pretax Margin | 6.54 | 7.36 | 17.97 | 36.95 |
| Effective Tax Rate | 30.99 | 30.00 | 25.79 | 26.00 |
| Net Profit Margin | 4.52 | 5.16 | 13.34 | 27.35 |
| Normalized EBIT | 21.50 | 6.43 | 49.10 | 100.91 |
| Normalized EBITDA | 22.38 | 7.29 | 49.94 | 102.53 |
| Current Tax - Domestic | 5.60 | 4.38 | 7.12 | 16.95 |
| Current Tax - Local | 1.74 | 1.81 | 2.61 | 3.35 |
| Current Tax - Total | 7.34 | 6.18 | 9.74 | 20.30 |
| Deferred Tax - Domestic | 1.02 | 1.38 | 4.31 | 5.57 |
| Deferred Tax - Local | 0.32 | 0.66 | 1.71 | 4.34 |
| Deferred Tax - Total | 1.34 | 2.05 | 6.02 | 9.91 |
| Income Tax - Total | 8.68 | 8.23 | 15.75 | 30.21 |
| Interest Cost - Domestic | 0.73 | 0.70 | 0.75 | 0.58 |
| Service Cost - Domestic | -- | -- | -- | -- |
| Expected Return on Assets - Domestic | -1.43 | -1.31 | -1.28 | -1.86 |
| Actuarial Gains and Losses - Domestic | 0.00 | 0.22 | 0.36 | 0.11 |
| Curtailments & Settlements - Domestic | 0.00 | 0.00 | 0.00 | 0.26 |
| Transition Costs - Domestic | 0.00 | 0.00 | 0.00 | 0.00 |
| Domestic Pension Plan Expense | -0.70 | -0.40 | -0.17 | -0.92 |
| Defined Contribution Expense - Domestic | -- | -- | -- | 1.30 |
| Total Pension Expense | -0.70 | -0.40 | -0.17 | 0.38 |
| Discount Rate - Domestic | -- | -- | 4.87 | 2.65 |
| Expected Rate of Return - Domestic | -- | -- | 7.00 | 7.25 |
| Total Plan Interest Cost | 0.73 | 0.70 | 0.75 | 0.58 |
| Total Plan Service Cost | -- | -- | -- | -- |
| Total Plan Expected Return | -1.43 | -1.31 | -1.28 | -1.86 |
| Net Interest Margin, Total -% | 5.50 | 5.40 | 6.30 | 8.60 |
In millions of USD (except for per share items)