2023 Q2 Form 10-Q Financial Statement
#000089101423000031 Filed on April 28, 2023
Income Statement
| Concept | 2023 Q2 | 2022 Q2 |
|---|---|---|
| Revenue | $546.1M | $519.1M |
| YoY Change | 5.2% | 14.69% |
| Cost Of Revenue | $425.4M | $397.4M |
| YoY Change | 7.05% | 16.61% |
| Gross Profit | $120.7M | $121.7M |
| YoY Change | -0.82% | 8.86% |
| Gross Profit Margin | 22.1% | 23.44% |
| Selling, General & Admin | $52.30M | $48.80M |
| YoY Change | 7.17% | 1.67% |
| % of Gross Profit | 43.33% | 40.1% |
| Research & Development | $5.300M | $5.100M |
| YoY Change | 3.92% | 2.0% |
| % of Gross Profit | 4.39% | 4.19% |
| Depreciation & Amortization | $23.70M | $24.20M |
| YoY Change | -2.07% | 0.41% |
| % of Gross Profit | 19.64% | 19.88% |
| Operating Expenses | $57.60M | $53.90M |
| YoY Change | 6.86% | 1.7% |
| Operating Profit | $63.00M | $67.80M |
| YoY Change | -7.08% | 15.31% |
| Interest Expense | $14.20M | -$9.800M |
| YoY Change | -244.9% | -1.01% |
| % of Operating Profit | 22.54% | -14.45% |
| Other Income/Expense, Net | -$15.30M | -$400.0K |
| YoY Change | 3725.0% | -95.74% |
| Pretax Income | $47.70M | $56.00M |
| YoY Change | -14.82% | 13.36% |
| Income Tax | $10.50M | $11.20M |
| % Of Pretax Income | 22.01% | 20.0% |
| Net Earnings | $37.00M | $44.90M |
| YoY Change | -17.59% | 9.51% |
| Net Earnings / Revenue | 6.78% | 8.65% |
| Basic Earnings Per Share | $1.14 | $1.33 |
| Diluted Earnings Per Share | $1.14 | $1.328M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 32.50M | 33.10M |
| Diluted Shares Outstanding | 32.50M | 33.20M |
Balance Sheet
| Concept | 2023 Q2 | 2022 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $255.9M | $293.1M |
| YoY Change | -12.69% | -21.99% |
| Cash & Equivalents | $249.7M | $288.0M |
| Short-Term Investments | $6.200M | $5.100M |
| Other Short-Term Assets | $67.80M | $66.30M |
| YoY Change | 2.26% | 48.99% |
| Inventory | $370.1M | $333.8M |
| Prepaid Expenses | ||
| Receivables | $421.1M | $397.1M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $1.115B | $1.090B |
| YoY Change | 2.26% | 4.37% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.058B | $1.046B |
| YoY Change | 1.08% | 1.44% |
| Goodwill | $915.3M | |
| YoY Change | ||
| Intangibles | $239.1M | |
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $99.40M | $135.7M |
| YoY Change | -26.75% | -1.88% |
| Total Long-Term Assets | $2.336B | $2.336B |
| YoY Change | 0.01% | 7.7% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.115B | $1.090B |
| Total Long-Term Assets | $2.336B | $2.336B |
| Total Assets | $3.451B | $3.426B |
| YoY Change | 0.73% | 6.62% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $225.7M | $218.6M |
| YoY Change | 3.25% | 30.35% |
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $118.6M | $110.0M |
| YoY Change | 7.82% | |
| Long-Term Debt Due | $14.50M | $600.0K |
| YoY Change | 2316.67% | -33.33% |
| Total Short-Term Liabilities | $513.0M | $455.1M |
| YoY Change | 12.72% | 57.58% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $924.7M | $937.0M |
| YoY Change | -1.31% | 0.36% |
| Other Long-Term Liabilities | $112.9M | $241.7M |
| YoY Change | -53.29% | -25.08% |
| Total Long-Term Liabilities | $1.038B | $1.179B |
| YoY Change | -11.97% | -6.17% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $513.0M | $455.1M |
| Total Long-Term Liabilities | $1.038B | $1.179B |
| Total Liabilities | $1.793B | $1.864B |
| YoY Change | -3.81% | 6.55% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $2.320B | |
| YoY Change | ||
| Common Stock | $492.7M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $831.1M | |
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.623B | $1.562B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $3.451B | $3.426B |
| YoY Change | 0.73% | 6.62% |
Cashflow Statement
| Concept | 2023 Q2 | 2022 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $37.00M | $44.90M |
| YoY Change | -17.59% | 9.51% |
| Depreciation, Depletion And Amortization | $23.70M | $24.20M |
| YoY Change | -2.07% | 0.41% |
| Cash From Operating Activities | $33.70M | $300.0K |
| YoY Change | 11133.33% | -99.41% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $24.40M | -$19.00M |
| YoY Change | -228.42% | 7.34% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$100.0K | $1.900M |
| YoY Change | -105.26% | -311.11% |
| Cash From Investing Activities | -$24.70M | -$17.10M |
| YoY Change | 44.44% | -8.06% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | ||
| Debt Paid & Issued, Net | $3.800M | $300.0K |
| YoY Change | 1166.67% | |
| Cash From Financing Activities | -9.200M | 8.900M |
| YoY Change | -203.37% | -146.11% |
| NET CHANGE | ||
| Cash From Operating Activities | 33.70M | 300.0K |
| Cash From Investing Activities | -24.70M | -17.10M |
| Cash From Financing Activities | -9.200M | 8.900M |
| Net Change In Cash | 2.500M | -7.900M |
| YoY Change | -131.65% | -160.77% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $33.70M | $300.0K |
| Capital Expenditures | $24.40M | -$19.00M |
| Free Cash Flow | $9.300M | $19.30M |
| YoY Change | -51.81% | -71.87% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.05 | |
| CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.05 | |
| CY2022Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
100000 | |
| CY2023Q2 | mtx |
Maximum Percentage Of Total Benefit Obligation For International Pension Plans
MaximumPercentageOfTotalBenefitObligationForInternationalPensionPlans
|
0.20 | |
| CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
66200000 | |
| CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
47700000 | |
| CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
56000000 | |
| CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
546100000 | |
| CY2022Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
16700000 | |
| CY2023Q2 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2023Q2 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2023Q2 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
| CY2023Q2 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2023Q2 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000891014 | |
| CY2023Q2 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
| CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11200000 | |
| CY2023Q2 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
| CY2023Q2 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
| CY2023Q2 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | |
| CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
63000000 | |
| CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
519100000 |
