Mears Group PLC
LSE:MER
Income Statement
Earnings Waterfall
Mears Group PLC
Revenue
|
1.1B
GBP
|
Cost of Revenue
|
-870.6m
GBP
|
Gross Profit
|
218.8m
GBP
|
Operating Expenses
|
-161m
GBP
|
Operating Income
|
57.8m
GBP
|
Other Expenses
|
-22.6m
GBP
|
Net Income
|
35.2m
GBP
|
Income Statement
Mears Group PLC
Dec-2003 | Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
112
N/A
|
144
+28%
|
174
+21%
|
189
+9%
|
204
+8%
|
225
+11%
|
241
+7%
|
260
+8%
|
305
+17%
|
371
+22%
|
420
+13%
|
450
+7%
|
470
+5%
|
490
+4%
|
524
+7%
|
564
+8%
|
589
+4%
|
604
+2%
|
617
+2%
|
749
+21%
|
866
+16%
|
855
-1%
|
839
-2%
|
841
+0%
|
881
+5%
|
917
+4%
|
940
+2%
|
945
+0%
|
900
-5%
|
865
-4%
|
772
-11%
|
776
+1%
|
881
+14%
|
839
-5%
|
806
-4%
|
853
+6%
|
878
+3%
|
920
+5%
|
960
+4%
|
1 000
+4%
|
1 089
+9%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(83)
|
(107)
|
(129)
|
(136)
|
(145)
|
(162)
|
(174)
|
(189)
|
(225)
|
(276)
|
(310)
|
(327)
|
(337)
|
(347)
|
(373)
|
(402)
|
(414)
|
(433)
|
(439)
|
(540)
|
(641)
|
(629)
|
(614)
|
(616)
|
(649)
|
(678)
|
(695)
|
(705)
|
(676)
|
(654)
|
(587)
|
(584)
|
(675)
|
(667)
|
(650)
|
(681)
|
(698)
|
(729)
|
(764)
|
(800)
|
(871)
|
|
Gross Profit |
29
N/A
|
37
+27%
|
45
+22%
|
52
+16%
|
59
+12%
|
63
+8%
|
67
+6%
|
71
+6%
|
80
+13%
|
95
+19%
|
111
+16%
|
122
+10%
|
133
+9%
|
143
+7%
|
151
+5%
|
162
+8%
|
175
+8%
|
171
-2%
|
178
+5%
|
209
+17%
|
224
+7%
|
226
+1%
|
225
0%
|
225
0%
|
232
+3%
|
240
+3%
|
245
+2%
|
240
-2%
|
224
-7%
|
210
-6%
|
185
-12%
|
192
+4%
|
206
+8%
|
172
-17%
|
156
-9%
|
171
+10%
|
180
+5%
|
190
+5%
|
196
+3%
|
200
+2%
|
219
+9%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(24)
|
(31)
|
(38)
|
(44)
|
(49)
|
(52)
|
(55)
|
(57)
|
(64)
|
(78)
|
(93)
|
(105)
|
(114)
|
(120)
|
(129)
|
(140)
|
(149)
|
(145)
|
(154)
|
(183)
|
(194)
|
(194)
|
(194)
|
(193)
|
(204)
|
(214)
|
(214)
|
(209)
|
(195)
|
(177)
|
(150)
|
(156)
|
(176)
|
(169)
|
(160)
|
(159)
|
(157)
|
(156)
|
(155)
|
(157)
|
(161)
|
|
Selling, General & Administrative |
(24)
|
(31)
|
(38)
|
(44)
|
(49)
|
(52)
|
(55)
|
(57)
|
(63)
|
(76)
|
(90)
|
(101)
|
(109)
|
(114)
|
(119)
|
(130)
|
(141)
|
(137)
|
(146)
|
(174)
|
(183)
|
(184)
|
(182)
|
(181)
|
(193)
|
(202)
|
(203)
|
(198)
|
(185)
|
(170)
|
(146)
|
(150)
|
(166)
|
(158)
|
(151)
|
(153)
|
(98)
|
(156)
|
(101)
|
(157)
|
(86)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(4)
|
(5)
|
(5)
|
(7)
|
(10)
|
(10)
|
(8)
|
(8)
|
(8)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(11)
|
(12)
|
(11)
|
(11)
|
(11)
|
(7)
|
(4)
|
(6)
|
(10)
|
(11)
|
(10)
|
0
|
(59)
|
0
|
(54)
|
0
|
(60)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
0
|
(15)
|
|
Operating Income |
5
N/A
|
6
+17%
|
7
+24%
|
8
+21%
|
10
+20%
|
11
+10%
|
12
+13%
|
14
+11%
|
16
+16%
|
17
+10%
|
17
+2%
|
17
-2%
|
20
+15%
|
23
+15%
|
21
-7%
|
22
+6%
|
26
+15%
|
26
-1%
|
25
-3%
|
26
+4%
|
30
+17%
|
32
+6%
|
31
-4%
|
32
+5%
|
28
-13%
|
26
-7%
|
31
+20%
|
31
0%
|
29
-8%
|
33
+16%
|
35
+7%
|
35
0%
|
30
-14%
|
3
-90%
|
(4)
N/A
|
12
N/A
|
24
+91%
|
35
+45%
|
40
+17%
|
43
+7%
|
58
+34%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(3)
|
(2)
|
(6)
|
(8)
|
(7)
|
(9)
|
(8)
|
(7)
|
(6)
|
(5)
|
(5)
|
(4)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
0
|
(3)
|
(3)
|
(3)
|
(9)
|
(7)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(6)
|
(2)
|
(2)
|
(2)
|
(2)
|
0
|
(0)
|
0
|
(0)
|
0
|
(6)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
2
|
2
|
1
|
1
|
1
|
(0)
|
1
|
(0)
|
1
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
|
Pre-Tax Income |
5
N/A
|
6
+14%
|
7
+21%
|
8
+21%
|
10
+18%
|
11
+10%
|
12
+14%
|
14
+11%
|
16
+15%
|
17
+7%
|
17
N/A
|
16
-2%
|
18
+14%
|
18
-2%
|
16
-10%
|
20
+24%
|
21
+2%
|
20
-3%
|
20
N/A
|
15
-25%
|
22
+44%
|
30
+40%
|
30
-2%
|
30
+2%
|
26
-15%
|
24
-8%
|
29
+23%
|
29
0%
|
26
-10%
|
27
+0%
|
27
+3%
|
27
-3%
|
20
-24%
|
(6)
N/A
|
(15)
-168%
|
4
N/A
|
16
+283%
|
29
+75%
|
35
+22%
|
38
+9%
|
47
+23%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(3)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(2)
|
(2)
|
(4)
|
(3)
|
(2)
|
(1)
|
(5)
|
(8)
|
(4)
|
(3)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
1
|
3
|
1
|
(3)
|
(5)
|
(6)
|
(8)
|
(10)
|
|
Income from Continuing Operations |
3
|
4
|
5
|
6
|
7
|
8
|
10
|
11
|
11
|
11
|
13
|
13
|
14
|
14
|
15
|
18
|
17
|
17
|
18
|
14
|
17
|
22
|
25
|
28
|
22
|
21
|
26
|
25
|
22
|
22
|
24
|
23
|
17
|
(5)
|
(12)
|
5
|
13
|
23
|
29
|
31
|
37
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(4)
|
(4)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
|
Net Income (Common) |
3
N/A
|
4
+15%
|
5
+32%
|
6
+22%
|
7
+18%
|
8
+11%
|
10
+28%
|
11
+9%
|
11
-2%
|
11
+4%
|
13
+13%
|
13
-2%
|
14
+12%
|
14
+1%
|
15
+4%
|
18
+21%
|
17
-5%
|
17
+2%
|
18
+2%
|
13
-27%
|
(1)
N/A
|
6
N/A
|
25
+352%
|
27
+5%
|
13
-52%
|
12
-9%
|
22
+84%
|
21
0%
|
8
-65%
|
8
+9%
|
24
+191%
|
23
-3%
|
(66)
N/A
|
(86)
-30%
|
45
N/A
|
60
+34%
|
14
-76%
|
23
+62%
|
28
+24%
|
30
+6%
|
35
+17%
|
|
EPS (Diluted) |
0.06
N/A
|
0.06
N/A
|
0.08
+33%
|
0.1
+25%
|
0.11
+10%
|
0.12
+9%
|
0.16
+33%
|
0.17
+6%
|
0.15
-12%
|
0.15
N/A
|
0.17
+13%
|
0.16
-6%
|
0.18
+13%
|
0.18
N/A
|
0.17
-6%
|
0.2
+18%
|
0.19
-5%
|
0.2
+5%
|
0.18
-10%
|
0.13
-28%
|
0
N/A
|
0.05
N/A
|
0.25
+400%
|
0.26
+4%
|
0.12
-54%
|
0.11
-8%
|
0.21
+91%
|
0.21
N/A
|
0.07
-67%
|
0.07
N/A
|
0.22
+214%
|
0.2
-9%
|
-0.59
N/A
|
-0.77
-31%
|
0.4
N/A
|
0.52
+30%
|
0.11
-79%
|
0.2
+82%
|
0.25
+25%
|
0.26
+4%
|
0.32
+23%
|