Carel Industries SpA
MIL:CRL
Income Statement
Earnings Waterfall
Carel Industries SpA
Revenue
|
650.2m
EUR
|
Cost of Revenue
|
-365.1m
EUR
|
Gross Profit
|
285.2m
EUR
|
Operating Expenses
|
-180.8m
EUR
|
Operating Income
|
104.4m
EUR
|
Other Expenses
|
-33.5m
EUR
|
Net Income
|
70.9m
EUR
|
Income Statement
Carel Industries SpA
Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||
Revenue |
208
N/A
|
280
+34%
|
363
+30%
|
458
+26%
|
469
+2%
|
327
-30%
|
487
+49%
|
481
-1%
|
487
+1%
|
332
-32%
|
516
+56%
|
558
+8%
|
579
+4%
|
420
-27%
|
657
+56%
|
716
+9%
|
748
+4%
|
545
-27%
|
846
+55%
|
754
-11%
|
781
+4%
|
650
-17%
|
|
Gross Profit | |||||||||||||||||||||||
Cost of Revenue |
(113)
|
(153)
|
(198)
|
(247)
|
(254)
|
(175)
|
(264)
|
(262)
|
(262)
|
(140)
|
(272)
|
(295)
|
(311)
|
(191)
|
(370)
|
(382)
|
(384)
|
(251)
|
(408)
|
(381)
|
(410)
|
(365)
|
|
Gross Profit |
95
N/A
|
127
+34%
|
165
+30%
|
211
+28%
|
215
+2%
|
153
-29%
|
223
+46%
|
219
-2%
|
225
+3%
|
191
-15%
|
244
+28%
|
263
+8%
|
267
+2%
|
229
-14%
|
288
+25%
|
334
+16%
|
364
+9%
|
294
-19%
|
438
+49%
|
372
-15%
|
371
0%
|
285
-23%
|
|
Operating Income | |||||||||||||||||||||||
Operating Expenses |
(63)
|
(89)
|
(114)
|
(144)
|
(148)
|
(107)
|
(156)
|
(156)
|
(160)
|
(145)
|
(167)
|
(173)
|
(174)
|
(165)
|
(185)
|
(221)
|
(243)
|
(206)
|
(300)
|
(248)
|
(241)
|
(181)
|
|
Selling, General & Administrative |
(57)
|
(81)
|
(101)
|
(125)
|
(128)
|
(91)
|
(133)
|
(133)
|
(137)
|
(128)
|
(143)
|
(149)
|
(149)
|
(148)
|
(157)
|
(191)
|
(213)
|
(186)
|
(268)
|
(219)
|
(209)
|
(152)
|
|
Depreciation & Amortization |
(6)
|
(9)
|
(13)
|
(19)
|
(21)
|
(17)
|
(26)
|
(27)
|
(27)
|
(18)
|
(28)
|
(28)
|
(29)
|
(21)
|
(32)
|
(33)
|
(34)
|
(24)
|
(38)
|
(34)
|
(36)
|
(33)
|
|
Other Operating Expenses |
(0)
|
1
|
0
|
(0)
|
1
|
0
|
2
|
4
|
3
|
2
|
3
|
3
|
3
|
3
|
4
|
3
|
3
|
4
|
5
|
5
|
5
|
4
|
|
Operating Income |
32
N/A
|
38
+20%
|
50
+31%
|
67
+34%
|
67
0%
|
46
-32%
|
68
+49%
|
63
-7%
|
65
+3%
|
47
-28%
|
77
+65%
|
90
+16%
|
93
+4%
|
64
-31%
|
103
+60%
|
113
+10%
|
121
+7%
|
87
-28%
|
137
+57%
|
124
-10%
|
130
+5%
|
104
-20%
|
|
Pre-Tax Income | |||||||||||||||||||||||
Interest Income Expense |
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(3)
|
(4)
|
(2)
|
(3)
|
(3)
|
(5)
|
(9)
|
(12)
|
(10)
|
|
Non-Reccuring Items |
0
|
(0)
|
0
|
0
|
0
|
1
|
0
|
1
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
|
Pre-Tax Income |
32
N/A
|
37
+18%
|
50
+33%
|
65
+32%
|
65
-1%
|
45
-31%
|
66
+47%
|
63
-5%
|
64
+2%
|
45
-30%
|
74
+66%
|
86
+17%
|
89
+3%
|
61
-32%
|
98
+60%
|
110
+12%
|
117
+7%
|
83
-29%
|
131
+58%
|
116
-12%
|
119
+3%
|
93
-22%
|
|
Net Income | |||||||||||||||||||||||
Tax Provision |
(7)
|
(7)
|
(9)
|
(13)
|
(13)
|
(10)
|
(14)
|
(13)
|
(14)
|
(9)
|
(16)
|
(17)
|
(18)
|
(12)
|
(20)
|
(23)
|
(24)
|
(19)
|
(29)
|
(26)
|
(28)
|
(19)
|
|
Income from Continuing Operations |
25
|
31
|
41
|
52
|
52
|
35
|
52
|
49
|
50
|
35
|
58
|
69
|
71
|
49
|
78
|
87
|
93
|
65
|
103
|
90
|
91
|
74
|
|
Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
|
Net Income (Common) |
25
N/A
|
31
+24%
|
41
+32%
|
52
+29%
|
52
+0%
|
35
-33%
|
52
+48%
|
49
-5%
|
50
+1%
|
35
-30%
|
58
+66%
|
69
+18%
|
71
+3%
|
49
-31%
|
77
+58%
|
85
+10%
|
91
+7%
|
62
-32%
|
98
+59%
|
85
-13%
|
86
+1%
|
71
-18%
|
|
EPS (Diluted) |
0.25
N/A
|
0.31
+24%
|
0.41
+32%
|
0.52
+27%
|
0.52
N/A
|
0.35
-33%
|
0.54
+54%
|
0.49
-9%
|
0.5
+2%
|
0.34
-32%
|
0.59
+74%
|
0.7
+19%
|
0.72
+3%
|
0.48
-33%
|
0.77
+60%
|
0.85
+10%
|
0.91
+7%
|
0.61
-33%
|
0.99
+62%
|
0.81
-18%
|
0.85
+5%
|
0.7
-18%
|