Ludan Engineering Co. Ltd (TLV: LUDN)

Ludan Engineering Co. 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	612.9	625.49	575.97	513.74	531.68	564.9
Revenue Growth (YoY)	0.26%	8.60%	12.11%	-3.37%	-5.88%	1.71%
Cost of Revenue	544.23	558.68	508.25	461.09	473.02	511.62
Gross Profit	68.67	66.81	67.72	52.65	58.66	53.28
Selling, General & Admin	29.39	29.33	26.79	26.46	26.4	29.03
Other Operating Expenses	-0.54	-2.05	-0.55	-2.26	1.86	-0.44
Operating Expenses	28.84	27.28	26.24	24.21	28.26	28.59
Operating Income	39.83	39.53	41.47	28.44	30.4	24.69
Interest Expense	-3.05	-3.17	-1.94	-2.46	-3.07	-4.06
Currency Exchange Gain (Loss)	-0.47	-0.47	-0.16	-0.42	-0.19	-1.61
Other Non Operating Income (Expenses)	-0.41	-0.41	-0.81	-1.14	-1.89	-2.44
EBT Excluding Unusual Items	35.91	35.49	38.56	24.42	25.26	16.58
Impairment of Goodwill	-	-	-	-0.47	-0.09	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.2
Gain (Loss) on Sale of Assets	0.83	0.83	0.03	0.01	-	-
Pretax Income	36.74	36.33	38.59	23.97	25.17	16.78
Income Tax Expense	7.9	6.99	9.59	5.99	7.47	6.68
Earnings From Continuing Operations	28.84	29.34	29	17.98	17.7	10.1
Earnings From Discontinued Operations	-	-	-0.13	-1.64	-2.36	-2.52
Net Income to Company	28.84	29.34	28.88	16.34	15.35	7.58
Minority Interest in Earnings	-2.09	-1.86	-1.18	-0.04	-0.83	-0.58
Net Income	26.75	27.48	27.7	16.3	14.52	7
Net Income to Common	26.75	27.48	27.7	16.3	14.52	7
Net Income Growth	-3.82%	-0.82%	70.00%	12.22%	107.47%	-
Shares Outstanding (Basic)	12	12	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12	12	12
Shares Change (YoY)	0.57%	-	-	-	-	-
EPS (Basic)	2.31	2.38	2.40	1.41	1.26	0.61
EPS (Diluted)	2.31	2.38	2.40	1.41	1.26	0.61
EPS Growth	-4.37%	-0.82%	70.00%	12.22%	107.47%	-
Free Cash Flow	68.66	22.9	32.52	44.22	69.81	60.97
Free Cash Flow Per Share	5.94	1.99	2.82	3.84	6.06	5.29
Dividend Per Share	3.100	1.350	1.000	0.500	0.500	-
Dividend Growth	210.00%	35.00%	100.00%	0%	-	-
Gross Margin	11.20%	10.68%	11.76%	10.25%	11.03%	9.43%
Operating Margin	6.50%	6.32%	7.20%	5.54%	5.72%	4.37%
Profit Margin	4.36%	4.39%	4.81%	3.17%	2.73%	1.24%
Free Cash Flow Margin	11.20%	3.66%	5.65%	8.61%	13.13%	10.79%
EBITDA	45.31	45.16	45.62	57.71	62.46	58.38
EBITDA Margin	7.39%	7.22%	7.92%	11.23%	11.75%	10.33%
D&A For EBITDA	5.48	5.63	4.15	29.27	32.06	33.69
EBIT	39.83	39.53	41.47	28.44	30.4	24.69
EBIT Margin	6.50%	6.32%	7.20%	5.54%	5.72%	4.37%
Effective Tax Rate	21.51%	19.25%	24.85%	24.98%	29.66%	39.82%

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