Pollard Banknote Limited (TSXV: PBL)

Pollard Banknote Income Statement

Financials in millions CAD. 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	552.31	520.44	483.72	459.01	414.13	397.84
Revenue Growth (YoY)	7.59%	7.59%	5.38%	10.84%	4.10%	19.88%
Cost of Revenue	446.3	434.62	400.34	368.26	323.09	306.73
Gross Profit	106.01	85.82	83.38	90.75	91.05	91.11
Selling, General & Admin	86.83	78.97	67.37	63.4	52.76	55.34
Other Operating Expenses	-0.94	-0.32	-0.46	-0.52	-1.24	-1.8
Operating Expenses	85.88	78.66	66.91	62.88	51.51	53.54
Operating Income	20.12	7.16	16.48	27.87	39.53	37.56
Interest Expense	-10.22	-10.52	-8.26	-4.98	-4.84	-6.42
Earnings From Equity Investments	50.94	39.06	22.28	12.34	1.59	-3.94
Currency Exchange Gain (Loss)	0.03	2.04	-3.72	-1.42	0.94	2.8
EBT Excluding Unusual Items	60.88	37.74	26.77	33.81	37.22	30.01
Merger & Restructuring Charges	-1.41	-	-	-1	-2.2	-1.2
Legal Settlements	-	-	-	-2.52	-	-
Other Unusual Items	0.02	-0.44	-4.56	-4.13	11.12	0.19
Pretax Income	59.48	37.54	22.22	27.12	46.14	29
Income Tax Expense	11.21	6.12	2.94	7.41	12.85	6.98
Net Income	48.28	31.42	19.28	19.7	33.29	22.02
Net Income to Common	48.28	31.42	19.28	19.7	33.29	22.02
Net Income Growth	57.52%	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)	0.33%	0.67%	0.64%	3.97%	0.53%	0.77%
EPS (Basic)	1.79	1.17	0.72	0.74	1.30	0.86
EPS (Diluted)	1.77	1.15	0.71	0.73	1.28	0.86
EPS Growth	58.11%	61.97%	-2.74%	-42.97%	49.02%	48.09%
Free Cash Flow	41.59	50.05	39.88	34.31	46.69	12.06
Free Cash Flow Per Share	1.52	1.83	1.46	1.27	1.79	0.47
Dividend Per Share	0.190	0.160	0.160	0.160	0.160	0.160
Dividend Growth	18.75%	0%	0%	0%	0%	33.33%
Gross Margin	19.19%	16.49%	17.24%	19.77%	21.98%	22.90%
Operating Margin	3.64%	1.38%	3.41%	6.07%	9.55%	9.44%
Profit Margin	8.74%	6.04%	3.99%	4.29%	8.04%	5.53%
Free Cash Flow Margin	7.53%	9.62%	8.24%	7.47%	11.28%	3.03%
EBITDA	45.09	33.06	40	51.83	59.65	57.04
EBITDA Margin	8.16%	6.35%	8.27%	11.29%	14.40%	14.34%
D&A For EBITDA	24.96	25.9	23.53	23.96	20.11	19.47
EBIT	20.12	7.16	16.48	27.87	39.53	37.56
EBIT Margin	3.64%	1.38%	3.41%	6.07%	9.55%	9.44%
Effective Tax Rate	18.84%	16.31%	13.23%	27.34%	27.86%	24.08%

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