Elspec Engineering Ltd (TLV: ELSPC)

Elspec Engineering Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	95.11	89.39	71.56	64.39	61.87	78.43
Revenue Growth (YoY)	18.61%	24.91%	11.14%	4.08%	-21.12%	35.13%
Cost of Revenue	43.91	42.31	38.6	35.14	33.68	42.08
Gross Profit	51.2	47.08	32.97	29.25	28.19	36.35
Selling, General & Admin	27.96	28.12	20.01	17.79	16.74	19.18
Research & Development	9.61	8.74	8.01	7.37	7.71	6.8
Other Operating Expenses	-0.03	-	-	-	-1.83	0.03
Operating Expenses	37.55	36.86	28.02	25.16	22.62	26.01
Operating Income	13.65	10.22	4.95	4.09	5.57	10.35
Interest Expense	-0.69	-0.12	-0.13	-0.14	-0.2	-0.15
Interest & Investment Income	0.19	0.18	0.16	0.18	0.19	0.22
Earnings From Equity Investments	0.12	0.01	0.11	-0.17	0.13	0.03
Currency Exchange Gain (Loss)	0.7	0.7	0.87	-1.29	-0.48	-1.06
Other Non Operating Income (Expenses)	-0.16	-0.16	-0.15	0.12	0.06	-0.01
EBT Excluding Unusual Items	13.8	10.82	5.82	2.8	5.28	9.38
Gain (Loss) on Sale of Investments	0.74	0.74	-1.27	0.94	-0.49	0.48
Other Unusual Items	0.03	0.03	0.06	0.99	-	-
Pretax Income	14.58	11.59	4.62	4.73	4.79	9.86
Income Tax Expense	0.82	0.69	0.48	0.37	0.44	1.18
Earnings From Continuing Operations	13.76	10.91	4.13	4.36	4.35	8.69
Minority Interest in Earnings	-	-	-	-0.09	-0.08	-0.03
Net Income	13.76	10.91	4.13	4.28	4.27	8.66
Net Income to Common	13.76	10.91	4.13	4.28	4.27	8.66
Net Income Growth	89.57%	163.99%	-3.44%	0.23%	-50.68%	85.33%
Shares Outstanding (Basic)	19	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19	19
Shares Change (YoY)	-0.25%	-	-	-	-	-1.59%
EPS (Basic)	0.71	0.56	0.21	0.22	0.22	0.45
EPS (Diluted)	0.71	0.56	0.21	0.22	0.22	0.45
EPS Growth	91.01%	166.67%	-4.55%	0.10%	-50.98%	94.95%
Free Cash Flow	1.4	-1.05	2.15	0.91	9.56	9.66
Free Cash Flow Per Share	0.07	-0.05	0.11	0.05	0.49	0.50
Dividend Per Share	0.257	-	-	-	-	-
Gross Margin	53.83%	52.67%	46.07%	45.43%	45.57%	46.35%
Operating Margin	14.36%	11.43%	6.92%	6.35%	9.01%	13.19%
Profit Margin	14.46%	12.20%	5.77%	6.65%	6.90%	11.03%
Free Cash Flow Margin	1.47%	-1.17%	3.00%	1.41%	15.44%	12.32%
EBITDA	15.68	11.85	6.33	6.48	8.64	13.62
EBITDA Margin	16.49%	13.25%	8.85%	10.07%	13.97%	17.36%
D&A For EBITDA	2.03	1.63	1.38	2.39	3.07	3.27
EBIT	13.65	10.22	4.95	4.09	5.57	10.35
EBIT Margin	14.36%	11.43%	6.92%	6.35%	9.01%	13.19%
Effective Tax Rate	5.63%	5.91%	10.49%	7.74%	9.25%	11.92%
Advertising Expenses	-	0.47	0.27	0.14	0.17	0.15

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