Midwich Group PLC
LSE:MIDW
Income Statement
Earnings Waterfall
Midwich Group PLC
Revenue
|
1.3B
GBP
|
Cost of Revenue
|
-1.1B
GBP
|
Gross Profit
|
216.5m
GBP
|
Operating Expenses
|
-173.4m
GBP
|
Operating Income
|
43.1m
GBP
|
Other Expenses
|
-16.3m
GBP
|
Net Income
|
26.8m
GBP
|
Income Statement
Midwich Group PLC
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 |
370
N/A
|
423
+14%
|
472
+11%
|
524
+11%
|
574
+9%
|
624
+9%
|
686
+10%
|
673
-2%
|
712
+6%
|
800
+12%
|
856
+7%
|
1 034
+21%
|
1 204
+16%
|
1 246
+3%
|
1 289
+3%
|
|
Gross Profit | ||||||||||||||||
Cost of Revenue |
(314)
|
(359)
|
(399)
|
(441)
|
(479)
|
(521)
|
(573)
|
(569)
|
(610)
|
(683)
|
(725)
|
(878)
|
(1 020)
|
(1 047)
|
(1 073)
|
|
Gross Profit |
56
N/A
|
64
+14%
|
73
+14%
|
84
+14%
|
95
+13%
|
104
+10%
|
113
+9%
|
105
-7%
|
102
-3%
|
117
+15%
|
131
+12%
|
157
+20%
|
184
+17%
|
199
+8%
|
216
+9%
|
|
Operating Income | ||||||||||||||||
Operating Expenses |
(41)
|
(47)
|
(52)
|
(60)
|
(69)
|
(79)
|
(88)
|
(90)
|
(94)
|
(101)
|
(110)
|
(130)
|
(148)
|
(157)
|
(173)
|
|
Selling, General & Administrative |
(40)
|
(50)
|
(50)
|
(61)
|
(69)
|
(78)
|
(87)
|
(87)
|
(90)
|
(97)
|
(108)
|
(129)
|
(145)
|
(154)
|
(169)
|
|
Depreciation & Amortization |
(4)
|
0
|
(5)
|
(2)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
|
Other Operating Expenses |
3
|
3
|
3
|
3
|
3
|
3
|
4
|
3
|
2
|
3
|
5
|
6
|
6
|
7
|
7
|
|
Operating Income |
16
N/A
|
18
+12%
|
21
+20%
|
23
+10%
|
25
+9%
|
25
-2%
|
25
+2%
|
14
-44%
|
8
-46%
|
16
+108%
|
21
+36%
|
27
+24%
|
35
+33%
|
41
+16%
|
43
+4%
|
|
Pre-Tax Income | ||||||||||||||||
Interest Income Expense |
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(4)
|
(2)
|
1
|
(0)
|
(2)
|
(3)
|
(5)
|
|
Non-Reccuring Items |
(1)
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
|
Total Other Income |
(0)
|
(0)
|
0
|
1
|
(3)
|
(2)
|
0
|
(2)
|
(4)
|
(5)
|
(3)
|
(4)
|
(8)
|
(8)
|
(0)
|
|
Pre-Tax Income |
12
N/A
|
16
+35%
|
19
+16%
|
23
+20%
|
21
-7%
|
20
-3%
|
24
+16%
|
10
-58%
|
(1)
N/A
|
9
N/A
|
19
+119%
|
22
+17%
|
25
+12%
|
30
+21%
|
37
+21%
|
|
Net Income | ||||||||||||||||
Tax Provision |
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(5)
|
(6)
|
(4)
|
(2)
|
(5)
|
(5)
|
(6)
|
(8)
|
(9)
|
(8)
|
|
Income from Continuing Operations |
9
|
12
|
14
|
17
|
15
|
15
|
18
|
6
|
(3)
|
4
|
13
|
16
|
17
|
21
|
29
|
|
Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
|
Net Income (Common) |
8
N/A
|
11
+39%
|
14
+19%
|
17
+25%
|
15
-13%
|
14
-2%
|
17
+19%
|
6
-67%
|
(4)
N/A
|
3
N/A
|
12
+277%
|
15
+22%
|
15
+1%
|
19
+26%
|
27
+39%
|
|
EPS (Diluted) |
0.11
N/A
|
0.14
+27%
|
0.17
+21%
|
0.21
+24%
|
0.18
-14%
|
0.18
N/A
|
0.21
+17%
|
0.07
-67%
|
-0.04
N/A
|
0.04
N/A
|
0.14
+250%
|
0.17
+21%
|
0.17
N/A
|
0.21
+24%
|
0.27
+29%
|