ANNUAL INCOME STATEMENT
| Year Ending Sep 2023 (Update) | Year Ending Sep 2022 (Update) | Year Ending Sep 2021 (Update) | Year Ending Sep 2020 (Update) | |
|---|---|---|---|---|
| Net Sales | 444.85 | 388.23 | 308.63 | 279.27 |
| Revenue | 444.85 | 388.23 | 308.63 | 279.27 |
| Total Revenue | 444.85 | 388.23 | 308.63 | 279.27 |
| Cost of Revenue | 192.65 | 171.94 | 141.98 | 135.30 |
| Cost of Revenue, Total | 192.65 | 171.94 | 141.98 | 135.30 |
| Gross Profit | 252.20 | 216.29 | 166.66 | 143.97 |
| Selling/General/Administrative Expense | 132.58 | 122.02 | 101.78 | 83.02 |
| Labor & Related Expense | 10.88 | 6.88 | 6.73 | 5.75 |
| Selling/General/Administrative Expenses, Total | 143.46 | 128.89 | 108.51 | 88.77 |
| Research & Development | 58.65 | 55.10 | 46.62 | 43.77 |
| Restructuring Charge | -- | 0.28 | 1.00 | 0.12 |
| Unusual Expense (Income) | -- | 0.28 | 1.00 | 0.12 |
| Other, Net | 0.00 | -6.20 | -- | -- |
| Other Operating Expenses, Total | 0.00 | -6.20 | -- | -- |
| Total Operating Expense | 394.75 | 350.01 | 298.10 | 267.95 |
| Operating Income | 50.10 | 38.22 | 10.53 | 11.32 |
| Interest Expense - Non-Operating | -25.24 | -19.70 | -1.40 | -3.59 |
| Interest Expense, Net Non-Operating | -25.24 | -19.70 | -1.40 | -3.59 |
| Interest Income, Non-Operating | -- | 0.01 | 0.01 | 0.30 |
| Investment Income, Non-Operating | -- | 0.10 | -0.10 | -0.60 |
| Interest/Investment Income, Non-Operating | -- | 0.11 | -0.09 | -0.30 |
| Interest Income (Expense), Net-Non-Operating, Total | -25.24 | -19.59 | -1.49 | -3.89 |
| Other Non-Operating Income (Expense) | 0.06 | 0.00 | -0.04 | 0.03 |
| Other, Net | 0.06 | 0.00 | -0.04 | 0.03 |
| Net Income Before Taxes | 24.92 | 18.63 | 9.00 | 7.46 |
| Income Tax – Total | 0.15 | -0.76 | -1.37 | -0.95 |
| Income After Tax | 24.77 | 19.38 | 10.37 | 8.41 |
| Net Income Before Extraordinary Items | 24.77 | 19.38 | 10.37 | 8.41 |
| Discontinued Operations | -- | -- | -- | -- |
| Extraordinary Item | -- | -- | -- | 0.00 |
| Tax on Extraordinary Items | -- | -- | -- | -- |
| Total Extraordinary Items | -- | -- | -- | 0.00 |
| Net Income | 24.77 | 19.38 | 10.37 | 8.41 |
| Income Available to Common Excluding Extraordinary Items | 24.77 | 19.38 | 10.37 | 8.41 |
| Income Available to Common Stocks Including Extraordinary Items | 24.77 | 19.38 | 10.37 | 8.41 |
| Basic Weighted Average Shares | 35.82 | 35.03 | 32.11 | 28.85 |
| Basic EPS Excluding Extraordinary Items | 0.69 | 0.55 | 0.32 | 0.29 |
| Basic EPS Including Extraordinary Items | 0.69 | 0.55 | 0.32 | 0.29 |
| Dilution Adjustment | -- | -- | -- | -- |
| Diluted Net Income | 24.77 | 19.38 | 10.37 | 8.41 |
| Diluted Weighted Average Shares | 36.87 | 36.00 | 33.39 | 29.55 |
| Diluted EPS Excluding Extraordinary Items | 0.67 | 0.54 | 0.31 | 0.28 |
| Diluted EPS Including Extraordinary Items | 0.67 | 0.54 | 0.31 | 0.28 |
| DPS - Common Stock Primary Issue | -- | -- | -- | -- |
| Gross Dividends - Common Stock | 0.00 | 0.00 | 0.00 | 0.00 |
| (Gain) Loss on Sale of Assets, Supplemental | -- | -- | -- | 0.00 |
| Restructuring Charge, Supplemental | 0.14 | -- | -- | -- |
| Other Unusual Expense (Income), Supplemental | 0.94 | 4.61 | 2.10 | 2.77 |
| Non-Recurring Items, Total | 1.08 | 4.61 | 2.10 | 2.77 |
| Total Special Items | 1.08 | 4.88 | 3.09 | 2.89 |
| Normalized Income Before Taxes | 26.00 | 23.51 | 12.09 | 10.35 |
| Effect of Special Items on Income Taxes | -18.49 | -9.90 | -6.63 | -7.11 |
| Income Taxes Excluding Impact of Special Items | -18.34 | -10.66 | -7.99 | -8.05 |
| Normalized Income After Taxes | 44.34 | 34.16 | 20.09 | 18.41 |
| Normalized Income Available to Common | 44.34 | 34.16 | 20.09 | 18.41 |
| Basic Normalized EPS | 1.24 | 0.98 | 0.63 | 0.64 |
| Diluted Normalized EPS | 1.20 | 0.95 | 0.60 | 0.62 |
| Amortization of Intangibles, Supplemental | 27.20 | 30.93 | 16.53 | 14.75 |
| Depreciation, Supplemental | 6.75 | 6.64 | 4.34 | 4.55 |
| Interest Expense, Supplemental | 25.24 | 19.70 | 1.40 | 3.59 |
| Rental Expense, Supplemental | 3.82 | 3.78 | 3.50 | 3.34 |
| Stock-Based Compensation, Supplemental | 13.29 | 8.58 | 8.14 | 7.24 |
| Research & Development Expense, Supplemental | 58.65 | 55.10 | 46.62 | 43.77 |
| Audit-Related Fees, Supplemental | -- | 0.86 | 0.79 | 0.84 |
| Audit-Related Fees | -- | 0.00 | 0.00 | 0.00 |
| Tax Fees, Supplemental | -- | 0.00 | 0.01 | 0.00 |
| All Other Fees Paid to Auditor, Supplemental | -- | 0.00 | 0.00 | 0.00 |
| Gross Margin | 56.69 | 55.71 | 54.00 | 51.55 |
| Operating Margin | 11.26 | 9.84 | 3.41 | 4.05 |
| Pretax Margin | 5.60 | 4.80 | 2.92 | 2.67 |
| Effective Tax Rate | 0.59 | -4.05 | -15.19 | -12.70 |
| Net Profit Margin | 5.57 | 4.99 | 3.36 | 3.01 |
| Normalized EBIT | 51.18 | 43.10 | 13.62 | 14.21 |
| Normalized EBITDA | 85.13 | 80.67 | 34.50 | 33.51 |
| Current Tax - Domestic | 9.89 | 0.28 | 1.39 | 0.71 |
| Current Tax - Foreign | 0.60 | 1.28 | 1.68 | 1.13 |
| Current Tax - Local | 1.96 | 0.77 | 0.24 | 0.57 |
| Current Tax - Total | 12.45 | 2.32 | 3.31 | 2.41 |
| Deferred Tax - Domestic | -12.13 | -2.98 | -3.63 | -2.91 |
| Deferred Tax - Foreign | -0.17 | -0.10 | -0.43 | -0.45 |
| Deferred Tax - Local | 0.00 | 0.00 | -0.62 | -- |
| Deferred Tax - Total | -12.30 | -3.08 | -4.68 | -3.36 |
| Income Tax - Total | 0.15 | -0.76 | -1.37 | -0.95 |
| Defined Contribution Expense - Domestic | 3.40 | 3.10 | 2.40 | 1.70 |
| Total Pension Expense | 3.40 | 3.10 | 2.40 | 1.70 |
In millions of USD (except for per share items)
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