Arad Ltd. (TLV: ARD)

Arad Ltd. Income Statement

Financials in millions USD. 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
Revenue	377.39	361.2	324.08	281.33	250.2	264.04
Revenue Growth (YoY)	4.54%	11.45%	15.19%	12.45%	-5.24%	29.38%
Cost of Revenue	265.76	252.36	219.84	191.14	169.48	175.4
Gross Profit	111.63	108.84	104.24	90.2	80.72	88.64
Selling, General & Admin	56.38	53.92	51.56	46.64	42.17	46.5
Research & Development	21.76	21.9	21.36	18.87	16.58	14.44
Other Operating Expenses	0.17	0.09	0.47	0.01	-0.36	-0.17
Operating Expenses	78.31	75.9	73.39	65.52	58.39	60.77
Operating Income	33.33	32.94	30.85	24.67	22.33	27.88
Interest Expense	-8.5	-4.68	-1.83	-2.28	-3.35	-3.32
Interest & Investment Income	-	0.51	1.38	0.34	0.46	0.21
Currency Exchange Gain (Loss)	2.3	2.3	0.78	0.64	-2.4	-1.45
Other Non Operating Income (Expenses)	0.07	0.07	-1.55	-0.62	0.7	-0.2
EBT Excluding Unusual Items	27.19	31.13	29.63	22.75	17.73	23.11
Gain (Loss) on Sale of Investments	-	-	-1.29	0.47	0.36	0.78
Asset Writedown	-	-	-	-	-0.51	-
Legal Settlements	0.35	0.35	-	-3.97	-	-
Other Unusual Items	-	-	0.7	4.42	0.57	0.1
Pretax Income	27.54	31.49	29.03	23.67	18.14	24
Income Tax Expense	4.21	4.08	11.23	3.49	2.52	3.5
Earnings From Continuing Operations	23.33	27.41	17.8	20.18	15.62	20.5
Minority Interest in Earnings	-0.13	-0.38	-0.39	-0.14	0.04	-0.18
Net Income	23.21	27.02	17.42	20.05	15.66	20.32
Net Income to Common	23.21	27.02	17.42	20.05	15.66	20.32
Net Income Growth	-18.11%	55.15%	-13.12%	28.05%	-22.97%	9.75%
Shares Outstanding (Basic)	25	25	25	25	25	25
Shares Outstanding (Diluted)	25	25	25	25	25	25
Shares Change (YoY)	-0.08%	-	-	-	-	-
EPS (Basic)	0.94	1.09	0.70	0.81	0.63	0.82
EPS (Diluted)	0.94	1.09	0.70	0.81	0.63	0.82
EPS Growth	-18.04%	55.15%	-13.12%	28.05%	-22.97%	9.75%
Free Cash Flow	11.47	5.16	-15.28	30.53	22.73	13.28
Free Cash Flow Per Share	0.46	0.21	-0.62	1.23	0.92	0.54
Dividend Per Share	0.485	0.465	0.445	0.408	0.243	0.121
Dividend Growth	4.30%	4.49%	9.07%	68.18%	100.00%	-62.50%
Gross Margin	29.58%	30.13%	32.16%	32.06%	32.26%	33.57%
Operating Margin	8.83%	9.12%	9.52%	8.77%	8.92%	10.56%
Profit Margin	6.15%	7.48%	5.37%	7.13%	6.26%	7.70%
Free Cash Flow Margin	3.04%	1.43%	-4.71%	10.85%	9.09%	5.03%
EBITDA	42.2	41.1	38.14	37.25	34.47	39.69
EBITDA Margin	11.18%	11.38%	11.77%	13.24%	13.78%	15.03%
D&A For EBITDA	8.88	8.16	7.29	12.58	12.14	11.82
EBIT	33.33	32.94	30.85	24.67	22.33	27.88
EBIT Margin	8.83%	9.12%	9.52%	8.77%	8.92%	10.56%
Effective Tax Rate	15.29%	12.96%	38.68%	14.73%	13.91%	14.56%
Advertising Expenses	-	0.68	0.68	0.66	0.47	0.89

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