Seco SpA
MIL:IOT
Income Statement
Earnings Waterfall
Seco SpA
Revenue
|
209.8m
EUR
|
Cost of Revenue
|
-101.8m
EUR
|
Gross Profit
|
108m
EUR
|
Operating Expenses
|
-83.4m
EUR
|
Operating Income
|
24.6m
EUR
|
Other Expenses
|
-12.7m
EUR
|
Net Income
|
11.9m
EUR
|
Income Statement
Seco SpA
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 |
76
N/A
|
112
+47%
|
116
+3%
|
124
+7%
|
112
-10%
|
180
+60%
|
232
+29%
|
258
+11%
|
201
-22%
|
306
+52%
|
324
+6%
|
324
0%
|
210
-35%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
(41)
|
(70)
|
(71)
|
(74)
|
(60)
|
(113)
|
(145)
|
(161)
|
(108)
|
(182)
|
(184)
|
(184)
|
(102)
|
|
Gross Profit |
35
N/A
|
43
+20%
|
45
+6%
|
50
+11%
|
53
+5%
|
68
+28%
|
88
+30%
|
97
+10%
|
93
-4%
|
124
+34%
|
140
+13%
|
140
0%
|
108
-23%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(27)
|
(32)
|
(34)
|
(38)
|
(43)
|
(52)
|
(65)
|
(68)
|
(71)
|
(88)
|
(100)
|
(102)
|
(83)
|
|
Selling, General & Administrative |
(23)
|
(26)
|
(29)
|
(30)
|
(37)
|
(42)
|
(51)
|
(56)
|
(52)
|
(66)
|
(74)
|
(74)
|
(60)
|
|
Depreciation & Amortization |
(6)
|
(8)
|
(9)
|
(9)
|
(9)
|
(14)
|
(17)
|
(19)
|
(19)
|
(27)
|
(30)
|
(31)
|
(20)
|
|
Other Operating Expenses |
1
|
3
|
4
|
2
|
2
|
4
|
4
|
6
|
(0)
|
4
|
3
|
3
|
(3)
|
|
Operating Income |
9
N/A
|
11
+26%
|
12
+8%
|
12
+2%
|
10
-20%
|
16
+66%
|
23
+44%
|
28
+24%
|
22
-24%
|
36
+67%
|
40
+11%
|
37
-6%
|
25
-34%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(4)
|
(5)
|
(1)
|
(3)
|
(3)
|
(4)
|
(4)
|
|
Non-Reccuring Items |
(1)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
0
|
(0)
|
0
|
(1)
|
0
|
(1)
|
(1)
|
(4)
|
(4)
|
(4)
|
(4)
|
(1)
|
|
Pre-Tax Income |
6
N/A
|
10
+58%
|
9
-2%
|
11
+17%
|
8
-31%
|
13
+71%
|
18
+37%
|
23
+28%
|
17
-25%
|
29
+70%
|
33
+14%
|
29
-12%
|
19
-34%
|
|
Net Income | ||||||||||||||
Tax Provision |
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
(4)
|
(6)
|
(2)
|
(6)
|
(7)
|
(6)
|
(5)
|
|
Income from Continuing Operations |
5
|
8
|
8
|
9
|
7
|
10
|
14
|
17
|
15
|
23
|
26
|
24
|
15
|
|
Income to Minority Interest |
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(5)
|
(6)
|
(4)
|
(5)
|
(5)
|
(5)
|
(3)
|
|
Net Income (Common) |
4
N/A
|
6
+54%
|
6
-2%
|
7
+13%
|
4
-40%
|
7
+60%
|
8
+27%
|
12
+38%
|
11
-5%
|
18
+61%
|
21
+20%
|
19
-13%
|
12
-36%
|
|
EPS (Diluted) |
0.04
N/A
|
0.06
+50%
|
0.06
N/A
|
0.06
N/A
|
0.06
N/A
|
0.05
-17%
|
0.09
+80%
|
0.12
+33%
|
0.09
-25%
|
0.15
+67%
|
0.17
+13%
|
0.14
-18%
|
0.09
-36%
|