Pollard Banknote Limited (TSX: PBL)

Pollard Banknote Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	521.13	520.44	483.72	459.01	414.13	397.84
Revenue Growth (YoY)	5.30%	7.59%	5.38%	10.84%	4.10%	19.88%
Cost of Revenue	431.45	434.62	400.34	368.26	323.09	306.73
Gross Profit	89.68	85.82	83.38	90.75	91.05	91.11
Selling, General & Admin	81.6	78.97	67.37	63.4	52.76	55.34
Other Operating Expenses	-0.43	-0.32	-0.46	-0.52	-1.24	-1.8
Operating Expenses	81.17	78.66	66.91	62.88	51.51	53.54
Operating Income	8.52	7.16	16.48	27.87	39.53	37.56
Interest Expense	-10.21	-10.52	-8.26	-4.98	-4.84	-6.42
Net Interest Expenses	-10.21	-10.52	-8.26	-4.98	-4.84	-6.42
Income (Loss) On Equity Investments	43.08	39.06	22.28	12.34	1.59	-3.94
Currency Exchange Gain (Loss)	-0.91	2.04	-3.72	-1.42	0.94	2.8
EBT Excluding Unusual Items	40.48	37.74	26.77	33.81	37.22	30.01
Merger & Restructuring Charges	-	-	-	-1	-2.2	-1.2
Other Unusual Items	-0.01	-0.44	-4.56	-4.13	11.12	0.19
Pretax Income	40.71	37.54	22.22	27.12	46.14	29
Income Tax Expense	7.19	6.12	2.94	7.41	12.85	6.98
Net Income	33.52	31.42	19.28	19.7	33.29	22.02
Net Income to Common	33.52	31.42	19.28	19.7	33.29	22.02
Net Income Growth	89.62%	62.98%	-2.15%	-40.82%	51.19%	48.24%
Shares Outstanding (Basic)	27	27	27	27	26	26
Shares Outstanding (Diluted)	27	27	27	27	26	26
Shares Change (YoY)	0.77%	0.67%	0.64%	3.97%	0.53%	0.77%
EPS (Basic)	1.24	1.17	0.72	0.74	1.30	0.86
EPS (Diluted)	1.22	1.15	0.71	0.73	1.28	0.86
EPS Growth	87.58%	61.97%	-2.74%	-42.97%	49.02%	48.09%
Free Cash Flow	58.97	50.05	39.88	34.31	46.69	12.06
Free Cash Flow Per Share	2.15	1.83	1.46	1.27	1.79	0.47
Dividend Per Share	0.170	0.160	0.160	0.160	0.160	0.160
Dividend Growth	6.25%	0%	0%	0%	0%	33.33%
Gross Margin	17.21%	16.49%	17.24%	19.77%	21.98%	22.90%
Operating Margin	1.63%	1.38%	3.41%	6.07%	9.55%	9.44%
Profit Margin	6.43%	6.04%	3.99%	4.29%	8.04%	5.53%
Free Cash Flow Margin	11.32%	9.62%	8.24%	7.47%	11.28%	3.03%
EBITDA	34.59	33.06	40	51.83	59.65	57.04
EBITDA Margin	6.64%	6.35%	8.27%	11.29%	14.40%	14.34%
D&A For EBITDA	26.08	25.9	23.53	23.96	20.11	19.47
EBIT	8.52	7.16	16.48	27.87	39.53	37.56
EBIT Margin	1.63%	1.38%	3.41%	6.07%	9.55%	9.44%
Effective Tax Rate	17.67%	16.31%	13.23%	27.34%	27.86%	24.08%

Source: S&P Capital IQ. Standard template.