Carel Industries S.p.A. (BIT: CRL)

Carel Industries Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	585.93	650.25	544.85	420.42	331.61	327.36
Revenue	585.93	650.25	544.85	420.42	331.61	327.36
Revenue Growth (YoY)	-8.59%	19.34%	29.60%	26.78%	1.30%	16.82%
Cost of Revenue	313.69	358.79	313.99	237.29	177.19	179.07
Gross Profit	272.25	291.46	230.86	183.13	154.42	148.29
Selling, General & Admin	167.82	156.16	122.8	102.02	91.39	87.51
Other Operating Expenses	-0.7	-1.82	-3.62	-0.71	-2.1	-1.52
Operating Expenses	205.29	187.06	143.56	122.15	107.6	102.74
Operating Income	66.96	104.4	87.3	60.98	46.82	45.55
Interest Expense	-10.16	-10.79	-2.56	-1.96	-1.38	-1.39
Interest & Investment Income	0.76	0.76	0.17	0.19	0.18	0.32
Earnings From Equity Investments	2.06	0.61	2.36	0.51	0.21	0.18
Currency Exchange Gain (Loss)	-0.47	-3.76	-0.86	-1.43	-0.92	-0.15
Other Non Operating Income (Expenses)	4.26	0.89	-3.23	-0.74	-0.28	-0.36
EBT Excluding Unusual Items	63.41	92.11	83.18	57.55	44.62	44.14
Gain (Loss) on Sale of Investments	1.09	1.09	0.21	0.03	-	-
Gain (Loss) on Sale of Assets	0.07	0.07	0.05	0.35	0.05	0.84
Asset Writedown	-0.06	-0.06	-0.04	-0	-0.17	-0.02
Other Unusual Items	-	-	-	3.13	-	-
Pretax Income	64.5	93.21	83.4	61.06	44.51	44.96
Income Tax Expense	11.54	18.73	18.6	11.97	9.39	9.91
Earnings From Continuing Operations	52.97	74.47	64.8	49.09	35.12	35.05
Net Income to Company	-	74.47	64.8	49.09	35.12	35.05
Minority Interest in Earnings	-1.38	-3.53	-2.68	-0.03	-0.01	-0.03
Net Income	51.59	70.94	62.12	49.06	35.11	35.02
Net Income to Common	51.59	70.94	62.12	49.06	35.11	35.02
Net Income Growth	-24.77%	14.19%	26.63%	39.72%	0.27%	14.15%
Shares Outstanding (Basic)	111	101	100	100	100	100
Shares Outstanding (Diluted)	111	101	100	100	100	100
Shares Change (YoY)	11.49%	1.44%	-0.31%	0.05%	-0.08%	-0.07%
EPS (Basic)	0.46	0.70	0.62	0.49	0.35	0.35
EPS (Diluted)	0.46	0.70	0.62	0.49	0.35	0.35
EPS Growth	-32.52%	12.57%	27.02%	39.65%	0.34%	14.23%
Free Cash Flow	61.48	81.09	47.11	39.23	48.84	31.83
Free Cash Flow Per Share	0.55	0.80	0.47	0.39	0.49	0.32
Dividend Per Share	0.190	0.190	0.180	0.150	0.120	0.120
Dividend Growth	5.56%	5.56%	20.00%	25.00%	0%	20.00%
Gross Margin	46.46%	44.82%	42.37%	43.56%	46.57%	45.30%
Operating Margin	11.43%	16.05%	16.02%	14.50%	14.12%	13.91%
Profit Margin	8.80%	10.91%	11.40%	11.67%	10.59%	10.70%
Free Cash Flow Margin	10.49%	12.47%	8.65%	9.33%	14.73%	9.72%
EBITDA	96.06	128.05	111.68	81.82	65.14	56.82
EBITDA Margin	16.39%	19.69%	20.50%	19.46%	19.64%	17.36%
D&A For EBITDA	29.1	23.66	24.38	20.84	18.32	11.27
EBIT	66.96	104.4	87.3	60.98	46.82	45.55
EBIT Margin	11.43%	16.05%	16.02%	14.50%	14.12%	13.91%
Effective Tax Rate	17.88%	20.10%	22.31%	19.60%	21.10%	22.04%

Source: S&P Capital IQ. Standard template. Financial Sources.