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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	624.71	625.49	575.97	513.74	531.68	564.9
Revenue Growth (YoY)	0.47%	8.60%	12.11%	-3.37%	-5.88%	1.71%
Cost of Revenue	551.98	558.68	508.25	461.09	473.02	511.62
Gross Profit	72.73	66.81	67.72	52.65	58.66	53.28
Selling, General & Admin	29.95	29.33	26.79	26.46	26.4	29.03
Other Operating Expenses	-0.05	-2.05	-0.55	-2.26	1.86	-0.44
Operating Expenses	29.9	27.28	26.24	24.21	28.26	28.59
Operating Income	42.84	39.53	41.47	28.44	30.4	24.69
Interest Expense	-4.21	-3.17	-1.94	-2.46	-3.07	-4.06
Earnings From Equity Investments	0.2	-	-	-	-	-
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	37.95	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	38.78	36.33	38.59	23.97	25.17	16.78
Income Tax Expense	9.39	6.99	9.59	5.99	7.47	6.68
Earnings From Continuing Operations	29.4	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	29.4	29.34	28.88	16.34	15.35	7.58
Minority Interest in Earnings	-2.33	-1.86	-1.18	-0.04	-0.83	-0.58
Net Income	27.07	27.48	27.7	16.3	14.52	7
Net Income to Common	27.07	27.48	27.7	16.3	14.52	7
Net Income Growth	0.79%	-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)	0.62%	-	-	-	-	-
EPS (Basic)	2.34	2.38	2.40	1.41	1.26	0.61
EPS (Diluted)	2.34	2.38	2.40	1.41	1.26	0.61
EPS Growth	0.17%	-0.82%	70.00%	12.22%	107.47%	-
Free Cash Flow	45.91	22.9	32.52	44.22	69.81	60.97
Free Cash Flow Per Share	3.97	1.99	2.82	3.84	6.06	5.29
Dividend Per Share	2.350	1.350	1.000	0.500	0.500	-
Dividend Growth	34.29%	35.00%	100.00%	0%	-	-
Gross Margin	11.64%	10.68%	11.76%	10.25%	11.03%	9.43%
Operating Margin	6.86%	6.32%	7.20%	5.54%	5.72%	4.37%
Profit Margin	4.33%	4.39%	4.81%	3.17%	2.73%	1.24%
Free Cash Flow Margin	7.35%	3.66%	5.65%	8.61%	13.13%	10.79%
EBITDA	49.38	45.16	45.62	57.71	62.46	58.38
EBITDA Margin	7.90%	7.22%	7.92%	11.23%	11.75%	10.33%
D&A For EBITDA	6.54	5.63	4.15	29.27	32.06	33.69
EBIT	42.84	39.53	41.47	28.44	30.4	24.69
EBIT Margin	6.86%	6.32%	7.20%	5.54%	5.72%	4.37%
Effective Tax Rate	24.21%	19.25%	24.85%	24.98%	29.66%	39.82%

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