2023 Q3 Form 10-Q Financial Statement

#000116486323000047 Filed on August 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $250.7M $276.9M
YoY Change -10.5% -16.92%
Cost Of Revenue $151.1M $162.1M
YoY Change -10.75% -20.07%
Gross Profit $99.60M $114.8M
YoY Change -10.11% -12.03%
Gross Profit Margin 39.73% 41.46%
Selling, General & Admin $65.60M $73.20M
YoY Change -0.3% -8.39%
% of Gross Profit 65.86% 63.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.70M $23.80M
YoY Change 8.22% -15.3%
% of Gross Profit 23.8% 20.73%
Operating Expenses $67.70M $134.2M
YoY Change 2.73% 66.09%
Operating Profit $31.90M -$19.40M
YoY Change -28.95% -139.03%
Interest Expense $10.80M $12.40M
YoY Change -216.13% 61.04%
% of Operating Profit 33.86%
Other Income/Expense, Net -$1.900M -$600.0K
YoY Change -733.33% -77.78%
Pretax Income $22.90M -$28.60M
YoY Change -36.21% -172.77%
Income Tax $14.70M -$5.800M
% Of Pretax Income 64.19%
Net Earnings $8.300M -$18.60M
YoY Change -69.14% -156.19%
Net Earnings / Revenue 3.31% -6.72%
Basic Earnings Per Share $0.40 -$0.89
Diluted Earnings Per Share $0.39 -$0.89
COMMON SHARES
Basic Shares Outstanding 20.90M shares 20.88M shares
Diluted Shares Outstanding 21.00M shares 20.90M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $329.8M $410.7M
YoY Change 98.44% 84.92%
Cash & Equivalents $329.8M $374.9M
Short-Term Investments $35.80M
Other Short-Term Assets $41.30M $54.40M
YoY Change -77.41% 2.26%
Inventory $145.9M $152.7M
Prepaid Expenses
Receivables $119.5M $136.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $636.5M $754.7M
YoY Change -2.17% 19.98%
LONG-TERM ASSETS
Property, Plant & Equipment $186.0M $185.6M
YoY Change 9.09% -17.18%
Goodwill $805.2M $807.9M
YoY Change -12.4% -14.37%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $124.0M $117.0M
YoY Change -13.17% -25.43%
Total Long-Term Assets $1.865B $1.878B
YoY Change -8.77% -14.06%
TOTAL ASSETS
Total Short-Term Assets $636.5M $754.7M
Total Long-Term Assets $1.865B $1.878B
Total Assets $2.501B $2.633B
YoY Change -7.17% -6.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.60M $63.30M
YoY Change -12.76% -30.9%
Accrued Expenses $123.4M $108.2M
YoY Change -4.42% -12.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $8.100M $15.60M
YoY Change -47.74% 7.59%
Total Short-Term Liabilities $195.1M $187.1M
YoY Change -22.98% -43.32%
LONG-TERM LIABILITIES
Long-Term Debt $640.5M $767.6M
YoY Change -26.22% -12.44%
Other Long-Term Liabilities $106.2M $110.3M
YoY Change -1.3% -12.67%
Total Long-Term Liabilities $746.7M $877.9M
YoY Change -23.47% -12.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $195.1M $187.1M
Total Long-Term Liabilities $746.7M $877.9M
Total Liabilities $1.076B $1.201B
YoY Change -24.62% -19.5%
SHAREHOLDERS EQUITY
Retained Earnings $1.139B $1.137B
YoY Change 12.62% 15.18%
Common Stock $302.7M $299.9M
YoY Change 0.6% -0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.408B $1.414B
YoY Change
Total Liabilities & Shareholders Equity $2.501B $2.633B
YoY Change -7.17% -6.45%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $8.300M -$18.60M
YoY Change -69.14% -156.19%
Depreciation, Depletion And Amortization $23.70M $23.80M
YoY Change 8.22% -15.3%
Cash From Operating Activities $76.30M $52.10M
YoY Change 55.71% 43.13%
INVESTING ACTIVITIES
Capital Expenditures $8.800M $6.900M
YoY Change -617.65% -246.81%
Acquisitions
YoY Change
Other Investing Activities $35.10M $100.0K
YoY Change 25.81% -96.3%
Cash From Investing Activities $26.30M -$6.800M
YoY Change 0.38% 240.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -140.9M -9.900M
YoY Change 22.84% -89.47%
NET CHANGE
Cash From Operating Activities 76.30M 52.10M
Cash From Investing Activities 26.30M -6.800M
Cash From Financing Activities -140.9M -9.900M
Net Change In Cash -38.30M 35.40M
YoY Change -3.04% -159.4%
FREE CASH FLOW
Cash From Operating Activities $76.30M $52.10M
Capital Expenditures $8.800M $6.900M
Free Cash Flow $67.50M $45.20M
YoY Change 33.14% 9.98%

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CY2023Q2 npo Site Contingency Number Of Sites Subject To Remediation Activities
SiteContingencyNumberOfSitesSubjectToRemediationActivities
18 site
CY2023Q2 npo Site Contingency Number Of Sites Subject To Remediation Activities Cost In Excess Of100 K
SiteContingencyNumberOfSitesSubjectToRemediationActivitiesCostInExcessOf100K
9 site
npo Site Contingency Sites Subject To Remediation Activities Cost Per Site De Minimis Threshold
SiteContingencySitesSubjectToRemediationActivitiesCostPerSiteDeMinimisThreshold
100000 usd
CY2023Q2 npo Site Contingency Number Of Sites Subject To Remediation Activities
SiteContingencyNumberOfSitesSubjectToRemediationActivities
18 site
CY2023Q2 npo Site Contingency Number Of Sites Subject To Remediation Activities
SiteContingencyNumberOfSitesSubjectToRemediationActivities
18 site
CY2023Q2 npo Site Contingency Number Of Sites Subject To Remediation Activities Investigation Completed
SiteContingencyNumberOfSitesSubjectToRemediationActivitiesInvestigationCompleted
15 site
CY2023Q2 npo Site Contingency Number Of Sites Subject To Remediation Activities Investigation In Progress
SiteContingencyNumberOfSitesSubjectToRemediationActivitiesInvestigationInProgress
3 site
CY2023Q2 npo Site Contingency Number Of Sites Subject To Remediation Activities Investigation Completed
SiteContingencyNumberOfSitesSubjectToRemediationActivitiesInvestigationCompleted
15 site
CY2023Q2 npo Site Contingency Number Of Sites Subject To Remediation Activities Contains Remediation Systems
SiteContingencyNumberOfSitesSubjectToRemediationActivitiesContainsRemediationSystems
7 site
CY2023Q2 npo Site Contingency Number Of Sites Subject To Remediation Activities Monitored
SiteContingencyNumberOfSitesSubjectToRemediationActivitiesMonitored
8 site
CY2023Q2 npo Site Contingency Number Of Sites Subject To Remediation Activities
SiteContingencyNumberOfSitesSubjectToRemediationActivities
18 site
CY2023Q2 npo Site Contingency Number Of Sites Subject To Remediation Activities Active Operations
SiteContingencyNumberOfSitesSubjectToRemediationActivitiesActiveOperations
1 site
CY2023Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
40200000 usd
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
42100000 usd
CY2023Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
10400000 usd
CY2023Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
27400000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5200000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4900000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1000000.0 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
700000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
900000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
500000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5300000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5100000 usd
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001164863-23-000047-index-headers.html Edgar Link pending
0001164863-23-000047-index.html Edgar Link pending
0001164863-23-000047.txt Edgar Link pending
0001164863-23-000047-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
npo-20230630.htm Edgar Link pending
npo-20230630.xsd Edgar Link pending
npo-2023630xex311q2.htm Edgar Link pending
npo-2023630xex312q2.htm Edgar Link pending
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npo-20230630_htm.xml Edgar Link completed
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npo-20230630_cal.xml Edgar Link unprocessable
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