Shapir Engineering and Industry Ltd (TLV: SPEN)

TLV: SPEN 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	4,815	5,207	4,548	3,893	3,482	2,923
Revenue Growth (YoY)	-10.82%	14.49%	16.83%	11.80%	19.11%	-5.27%
Cost of Revenue	4,222	4,483	3,794	3,171	2,736	2,274
Gross Profit	593	724	754	722	746	649.54
Selling, General & Admin	320	340	284	215	174	158.73
Other Operating Expenses	-7	8	-	4	45	46.92
Operating Expenses	313	348	284	219	219	205.64
Operating Income	280	376	470	503	527	443.9
Interest Expense	-563	-547	-451	-243	-182	-173.03
Interest & Investment Income	1	16	11	2	4	5.24
Earnings From Equity Investments	-60	-22	27	5	-14	-6.16
Currency Exchange Gain (Loss)	19	19	1	-8	-	-2.49
Other Non Operating Income (Expenses)	272	295	331	140	102	118.09
EBT Excluding Unusual Items	-51	137	389	399	437	385.56
Gain (Loss) on Sale of Investments	-	-	22	10	-	-
Gain (Loss) on Sale of Assets	11	11	5	5	9	3.29
Asset Writedown	95	95	111	161	-14	16.67
Legal Settlements	-	-	-	-	-	-17.28
Pretax Income	55	243	527	575	432	388.24
Income Tax Expense	20	58	100	121	106	90.52
Earnings From Continuing Operations	35	185	427	454	326	297.72
Earnings From Discontinued Operations	-	-	-	-3	2	-7
Net Income to Company	35	185	427	451	328	290.72
Minority Interest in Earnings	-23	-27	-44	-15	2	-5.54
Net Income	12	158	383	436	330	285.17
Net Income to Common	12	158	383	436	330	285.17
Net Income Growth	-96.39%	-58.75%	-12.16%	32.12%	15.72%	0.10%
Shares Outstanding (Basic)	364	357	357	357	356	355
Shares Outstanding (Diluted)	366	359	361	362	362	361
Shares Change (YoY)	0.43%	-0.61%	-0.42%	0.25%	0.15%	1.36%
EPS (Basic)	0.03	0.44	1.07	1.22	0.93	0.80
EPS (Diluted)	0.03	0.44	1.06	1.20	0.91	0.79
EPS Growth	-96.45%	-58.49%	-11.79%	32.71%	14.62%	-1.25%
Free Cash Flow	287	338	-691	339	321	-30.02
Free Cash Flow Per Share	0.79	0.94	-1.91	0.94	0.89	-0.08
Dividend Per Share	-	-	0.196	0.196	0.196	0.168
Dividend Growth	-	-	0.00%	-0.16%	16.55%	-14.73%
Gross Margin	12.32%	13.90%	16.58%	18.55%	21.42%	22.22%
Operating Margin	5.82%	7.22%	10.33%	12.92%	15.13%	15.19%
Profit Margin	0.25%	3.03%	8.42%	11.20%	9.48%	9.76%
Free Cash Flow Margin	5.96%	6.49%	-15.19%	8.71%	9.22%	-1.03%
EBITDA	491	566	625	644	671	584.19
EBITDA Margin	10.20%	10.87%	13.74%	16.54%	19.27%	19.98%
D&A For EBITDA	211	190	155	141	144	140.29
EBIT	280	376	470	503	527	443.9
EBIT Margin	5.82%	7.22%	10.33%	12.92%	15.13%	15.19%
Effective Tax Rate	36.36%	23.87%	18.98%	21.04%	24.54%	23.32%
Advertising Expenses	-	25	14	6	10	13.83

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