2024 Q3 Form 10-Q Financial Statement

#000008136224000119 Filed on August 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $462.3M $463.6M
YoY Change -5.78% -6.43%
Cost Of Revenue $289.7M $287.8M
YoY Change -5.71% -9.41%
Gross Profit $172.5M $175.7M
YoY Change -5.89% -1.11%
Gross Profit Margin 37.33% 37.91%
Selling, General & Admin $118.2M $116.9M
YoY Change -3.74% -2.42%
% of Gross Profit 68.51% 66.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.17M $21.18M
YoY Change 2.79% 2.94%
% of Gross Profit 12.27% 12.05%
Operating Expenses $118.2M $116.9M
YoY Change -3.74% -2.42%
Operating Profit $51.72M $58.45M
YoY Change -13.11% 1.06%
Interest Expense -$11.30M -$11.48M
YoY Change -26.17% -32.25%
% of Operating Profit -21.84% -19.64%
Other Income/Expense, Net $783.0K $422.0K
YoY Change -128.86% -31.83%
Pretax Income $42.15M $48.12M
YoY Change -4.25% 18.9%
Income Tax $12.17M $15.78M
% Of Pretax Income 28.86% 32.79%
Net Earnings $32.35M $34.89M
YoY Change -3.93% 19.5%
Net Earnings / Revenue 7.0% 7.53%
Basic Earnings Per Share $1.81 $1.94
Diluted Earnings Per Share $1.81 $1.94
COMMON SHARES
Basic Shares Outstanding 17.91M shares 17.99M shares
Diluted Shares Outstanding 17.86M shares 17.94M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $212.1M $188.6M
YoY Change 6.89% -0.44%
Cash & Equivalents $212.1M $188.6M
Short-Term Investments
Other Short-Term Assets $62.06M $67.49M
YoY Change -12.22% 3.15%
Inventory $245.0M $239.1M
Prepaid Expenses
Receivables $422.7M $423.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $941.9M $919.1M
YoY Change -2.53% -6.6%
LONG-TERM ASSETS
Property, Plant & Equipment $215.6M $200.8M
YoY Change 9.73% -18.27%
Goodwill $532.5M $517.6M
YoY Change 5.56% 2.01%
Intangibles $874.8M $866.2M
YoY Change -1.76% -5.66%
Long-Term Investments $103.4M $96.09M
YoY Change 11.27% 4.49%
Other Assets $19.92M $22.83M
YoY Change -40.9% -46.96%
Total Long-Term Assets $1.794B $1.753B
YoY Change 1.56% -2.94%
TOTAL ASSETS
Total Short-Term Assets $941.9M $919.1M
Total Long-Term Assets $1.794B $1.753B
Total Assets $2.736B $2.672B
YoY Change 0.12% -4.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $191.8M $185.4M
YoY Change 0.91% -4.35%
Accrued Expenses $53.84M $46.31M
YoY Change -11.6% -14.7%
Deferred Revenue
YoY Change
Short-Term Debt $38.79M $32.45M
YoY Change 101.53%
Long-Term Debt Due $38.79M $32.45M
YoY Change 102.02% 67.53%
Total Short-Term Liabilities $371.3M $350.1M
YoY Change 5.46% 1.02%
LONG-TERM LIABILITIES
Long-Term Debt $700.6M $703.7M
YoY Change -12.96% -18.55%
Other Long-Term Liabilities $27.84M $25.97M
YoY Change -16.18% -70.1%
Total Long-Term Liabilities $728.5M $729.6M
YoY Change -13.09% -23.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $371.3M $350.1M
Total Long-Term Liabilities $728.5M $729.6M
Total Liabilities $1.289B $1.277B
YoY Change -7.33% -12.22%
SHAREHOLDERS EQUITY
Retained Earnings $628.1M $604.4M
YoY Change 16.61% 17.78%
Common Stock $946.0M $956.4M
YoY Change -1.09% 0.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.446B $1.395B
YoY Change
Total Liabilities & Shareholders Equity $2.736B $2.672B
YoY Change 0.12% -4.23%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $32.35M $34.89M
YoY Change -3.93% 19.5%
Depreciation, Depletion And Amortization $21.17M $21.18M
YoY Change 2.79% 2.94%
Cash From Operating Activities $67.98M $46.30M
YoY Change -18.49% -40.84%
INVESTING ACTIVITIES
Capital Expenditures $8.213M $6.664M
YoY Change -6.67% -38.74%
Acquisitions
YoY Change
Other Investing Activities -$14.40M $2.740M
YoY Change
Cash From Investing Activities -$22.62M -$3.924M
YoY Change 157.0% -63.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.71M -45.86M
YoY Change -54.95% -28.51%
NET CHANGE
Cash From Operating Activities 67.98M 46.30M
Cash From Investing Activities -22.62M -3.924M
Cash From Financing Activities -27.71M -45.86M
Net Change In Cash 17.66M -3.481M
YoY Change 34.8% -207.41%
FREE CASH FLOW
Cash From Operating Activities $67.98M $46.30M
Capital Expenditures $8.213M $6.664M
Free Cash Flow $59.77M $39.64M
YoY Change -19.88% -41.18%

Facts In Submission

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ProceedsFromNonIncomeTaxRefunds
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CY2024Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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RevenueFromContractWithCustomerIncludingAssessedTax
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RevenueFromContractWithCustomerIncludingAssessedTax
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CY2024Q2 us-gaap Gain Loss On Disposition Of Assets
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CY2024Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2024Q2 kwr Pension And Postretirement Benefit Income Non Service Components
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GainOnInsuranceRecoveries
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GainOnInsuranceRecoveries
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GainOnInsuranceRecoveries
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CY2024Q2 us-gaap Product Liability Accrual Period Expense
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CY2024Q2 us-gaap Net Income Loss
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CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q2 us-gaap Earnings Per Share Basic
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CY2024Q2 us-gaap Net Income Loss
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CY2024Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Goodwill Acquired During Period
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16448000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2024Q2 us-gaap Goodwill
Goodwill
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CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1006380000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1009067000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
676873000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14744000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14692000 usd
us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
28986000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
57855000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
56875000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
56535000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
56020000 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
189300000 usd
CY2024Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
737425000 usd
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
755612000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1322000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1545000 usd
CY2024Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
32448000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
23444000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
703655000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
730623000 usd
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
11530000 usd
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
14389000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
22812000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
28265000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
353000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
353000 usd
us-gaap Amortization Of Financing Costs
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706000 usd
us-gaap Amortization Of Financing Costs
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CY2024Q2 us-gaap Interest And Debt Expense
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11883000 usd
CY2023Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
14742000 usd
us-gaap Interest And Debt Expense
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23518000 usd
us-gaap Interest And Debt Expense
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CY2024Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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CY2024Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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CY2024Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2023Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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CY2023Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2023Q2 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
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CY2024Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
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CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
2904000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
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CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
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false

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