2024 Q3 Form 10-Q Financial Statement

#000009713424000030 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $315.8M $331.0M
YoY Change 3.64% 2.89%
Cost Of Revenue $182.0M $188.3M
YoY Change 5.39% 3.35%
Gross Profit $133.8M $142.7M
YoY Change 1.36% 2.29%
Gross Profit Margin 42.37% 43.11%
Selling, General & Admin $92.70M $92.90M
YoY Change 5.1% 8.28%
% of Gross Profit 69.28% 65.1%
Research & Development $10.50M $11.20M
YoY Change 15.38% 24.44%
% of Gross Profit 7.85% 7.85%
Depreciation & Amortization $13.70M $13.80M
YoY Change 7.87% 10.4%
% of Gross Profit 10.24% 9.67%
Operating Expenses $103.2M $104.1M
YoY Change 6.06% 9.81%
Operating Profit $30.60M $38.60M
YoY Change -11.82% -13.65%
Interest Expense -$3.100M -$1.800M
YoY Change -6.06% -40.0%
% of Operating Profit -10.13% -4.66%
Other Income/Expense, Net $0.00 $100.0K
YoY Change -100.0% -116.67%
Pretax Income $27.50M $36.90M
YoY Change -8.03% -7.52%
Income Tax $6.700M $9.000M
% Of Pretax Income 24.36% 24.39%
Net Earnings $20.80M $27.90M
YoY Change -9.17% -10.86%
Net Earnings / Revenue 6.59% 8.43%
Basic Earnings Per Share $1.11 $1.47
Diluted Earnings Per Share $1.09 $1.45
COMMON SHARES
Basic Shares Outstanding 18.90M shares 19.01M shares
Diluted Shares Outstanding 19.09M shares 19.21M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $91.30M $84.60M
YoY Change -5.88% -11.69%
Cash & Equivalents $91.30M $84.60M
Short-Term Investments
Other Short-Term Assets $40.60M $34.70M
YoY Change 30.55% 8.1%
Inventory $201.8M $189.7M
Prepaid Expenses
Receivables $260.2M $268.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $593.9M $577.8M
YoY Change 7.09% -2.03%
LONG-TERM ASSETS
Property, Plant & Equipment $235.8M $223.6M
YoY Change 29.56% 3.14%
Goodwill $198.4M $191.0M
YoY Change 9.92% 2.91%
Intangibles $66.40M $67.50M
YoY Change 3.43% -3.02%
Long-Term Investments
YoY Change
Other Assets $121.6M $107.6M
YoY Change 166.67% 131.4%
Total Long-Term Assets $622.2M $589.7M
YoY Change 23.28% 13.73%
TOTAL ASSETS
Total Short-Term Assets $593.9M $577.8M
Total Long-Term Assets $622.2M $589.7M
Total Assets $1.216B $1.168B
YoY Change 14.8% 5.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $128.0M $128.7M
YoY Change 29.95% 13.89%
Accrued Expenses $59.40M $51.70M
YoY Change -4.35% 0.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $600.0K $7.800M
YoY Change -89.83% 47.17%
Total Short-Term Liabilities $273.5M $266.2M
YoY Change 11.72% 3.26%
LONG-TERM LIABILITIES
Long-Term Debt $208.6M $205.6M
YoY Change -3.38% -24.61%
Other Long-Term Liabilities $28.60M $18.80M
YoY Change 138.33% -59.31%
Total Long-Term Liabilities $294.1M $275.4M
YoY Change 9.66% -13.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $273.5M $266.2M
Total Long-Term Liabilities $294.1M $275.4M
Total Liabilities $567.6M $541.6M
YoY Change 10.64% -7.84%
SHAREHOLDERS EQUITY
Retained Earnings $608.6M $593.1M
YoY Change 16.66% 17.73%
Common Stock $7.100M $7.100M
YoY Change 1.43% 1.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $647.2M $624.6M
YoY Change
Total Liabilities & Shareholders Equity $1.216B $1.168B
YoY Change 14.8% 5.34%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $20.80M $27.90M
YoY Change -9.17% -10.86%
Depreciation, Depletion And Amortization $13.70M $13.80M
YoY Change 7.87% 10.4%
Cash From Operating Activities $30.70M $18.60M
YoY Change -43.57% -52.43%
INVESTING ACTIVITIES
Capital Expenditures $4.300M $4.200M
YoY Change 22.86% -16.0%
Acquisitions
YoY Change
Other Investing Activities $100.0K -$100.0K
YoY Change -66.67% -50.0%
Cash From Investing Activities -$4.200M -$4.300M
YoY Change 31.25% -17.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.50M -14.50M
YoY Change -58.16% -47.84%
NET CHANGE
Cash From Operating Activities 30.70M 18.60M
Cash From Investing Activities -4.200M -4.300M
Cash From Financing Activities -20.50M -14.50M
Net Change In Cash 6.000M -200.0K
YoY Change 172.73% -103.28%
FREE CASH FLOW
Cash From Operating Activities $30.70M $18.60M
Capital Expenditures $4.300M $4.200M
Free Cash Flow $26.40M $14.40M
YoY Change -48.13% -57.77%

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