Mears Group plc (LON: MER)

Mears Group Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,089	1,089	959.61	878.42	805.82	881.46
Revenue Growth (YoY)	13.52%	13.52%	9.24%	9.01%	-8.58%	14.20%
Cost of Revenue	870.56	870.56	763.93	697.93	649.53	675.35
Gross Profit	218.77	218.77	195.69	180.49	156.29	206.11
Selling, General & Admin	164.06	164.06	152.26	147.29	150.31	165.45
Depreciation & Amortization	1.88	1.88	2.3	9.78	12.15	10.12
Operating Expenses	165.93	165.93	154.56	157.07	162.46	175.57
Operating Income	52.84	52.84	41.12	23.42	-6.17	30.54
Interest Expense	-11.18	-11.18	-8.3	-8.67	-10.16	-9.47
Interest & Investment Income	4.78	4.78	1.26	0.33	0.06	0.31
Net Interest Expenses	-6.4	-6.4	-7.04	-8.34	-10.1	-9.16
Income (Loss) On Equity Investments	0.49	0.49	0.86	0.86	1.06	0.9
Other Non Operating Income (Expenses)	-	-	-	0.4	-	-
EBT Excluding Unusual Items	46.92	46.92	34.94	16.33	-15.22	22.27
Pretax Income	46.92	46.92	34.94	16.33	-15.22	20.25
Income Tax Expense	10.26	10.26	6.44	3.19	-3.21	3.02
Earnings From Continuing Operations	36.66	36.66	28.5	13.14	-12.01	17.24
Earnings From Discontinued Operations	-	-	0.49	1.12	56.81	-83.28
Net Income to Company	36.66	36.66	29	14.26	44.8	-66.05
Minority Interest in Earnings	-1.46	-1.46	-0.69	-0.14	-0.28	-0.34
Net Income	35.2	35.2	28.31	14.12	44.52	-66.39
Net Income to Common	35.2	35.2	28.31	14.12	44.52	-66.39
Net Income Growth	24.36%	24.36%	100.49%	-68.29%	-	-
Shares Outstanding (Basic)	107	107	111	111	111	110
Shares Outstanding (Diluted)	110	110	113	113	111	111
Shares Change (YoY)	-2.87%	-2.87%	0.37%	2.26%	-0.46%	5.73%
EPS (Basic)	0.33	0.33	0.26	0.13	0.40	-0.60
EPS (Diluted)	0.32	0.32	0.25	0.12	0.40	-0.60
EPS Growth	28.04%	28.04%	99.69%	-68.98%	-	-
Free Cash Flow	111.55	111.55	102.88	49.08	100.73	80.07
Free Cash Flow Per Share	1.01	1.01	0.91	0.43	0.91	0.72
Dividend Per Share	0.130	0.130	0.105	0.080	-	0.036
Dividend Growth	23.81%	23.81%	31.25%	-	-	-70.56%
Gross Margin	20.08%	20.08%	20.39%	20.55%	19.39%	23.38%
Operating Margin	4.85%	4.85%	4.29%	2.67%	-0.77%	3.46%
Profit Margin	3.23%	3.23%	2.95%	1.61%	5.52%	-7.53%
Free Cash Flow Margin	10.24%	10.24%	10.72%	5.59%	12.50%	9.08%
EBITDA	60.39	60.39	49.39	36.69	8.12	44.38
EBITDA Margin	5.54%	5.54%	5.15%	4.18%	1.01%	5.04%
D&A For EBITDA	7.55	7.55	8.27	13.27	14.29	13.84
EBIT	52.84	52.84	41.12	23.42	-6.17	30.54
EBIT Margin	4.85%	4.85%	4.29%	2.67%	-0.77%	3.46%
Effective Tax Rate	21.86%	21.86%	18.43%	19.54%	-	14.89%

Source: S&P Capital IQ. Standard template.