Forbuild SA
WSE:BTX
Income Statement
Earnings Waterfall
Forbuild SA
Income Statement
Forbuild SA
| Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | 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 |
45
N/A
|
47
+5%
|
50
+7%
|
52
+2%
|
55
+7%
|
60
+9%
|
64
+7%
|
69
+8%
|
72
+3%
|
72
+1%
|
75
+3%
|
75
+1%
|
76
+1%
|
79
+4%
|
79
-1%
|
80
+2%
|
83
+4%
|
86
+4%
|
92
+7%
|
97
+5%
|
99
+2%
|
101
+2%
|
97
-4%
|
94
-3%
|
92
-2%
|
92
+0%
|
91
-2%
|
86
-5%
|
84
-1%
|
81
-4%
|
87
+7%
|
98
+12%
|
107
+9%
|
115
+8%
|
124
+8%
|
125
+1%
|
120
-4%
|
116
-3%
|
106
-9%
|
102
-4%
|
104
+2%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(27)
|
(28)
|
(29)
|
(29)
|
(33)
|
(37)
|
(41)
|
(45)
|
(46)
|
(47)
|
(49)
|
(52)
|
(52)
|
(56)
|
(55)
|
(54)
|
(56)
|
(57)
|
(62)
|
(66)
|
(66)
|
(67)
|
(64)
|
(62)
|
(59)
|
(58)
|
(56)
|
(54)
|
(54)
|
(53)
|
(59)
|
(65)
|
(70)
|
(75)
|
(81)
|
(82)
|
(79)
|
(78)
|
(71)
|
(69)
|
(69)
|
|
| Gross Profit |
17
N/A
|
19
+10%
|
22
+15%
|
23
+4%
|
22
-2%
|
23
+5%
|
23
+1%
|
24
+3%
|
26
+7%
|
25
-3%
|
26
+2%
|
24
-7%
|
24
+1%
|
24
-1%
|
24
+1%
|
26
+8%
|
27
+4%
|
29
+7%
|
30
+5%
|
32
+5%
|
33
+3%
|
34
+4%
|
33
-3%
|
33
0%
|
33
+1%
|
34
+3%
|
34
+0%
|
32
-7%
|
30
-5%
|
28
-8%
|
29
+3%
|
33
+16%
|
37
+10%
|
40
+8%
|
43
+8%
|
43
-1%
|
41
-5%
|
39
-5%
|
35
-11%
|
33
-4%
|
34
+3%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(13)
|
(14)
|
(15)
|
(16)
|
(16)
|
(17)
|
(19)
|
(20)
|
(23)
|
(23)
|
(23)
|
(22)
|
(21)
|
(21)
|
(20)
|
(21)
|
(22)
|
(23)
|
(23)
|
(25)
|
(25)
|
(25)
|
(25)
|
(25)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(25)
|
(25)
|
(26)
|
(27)
|
(27)
|
(27)
|
(28)
|
(28)
|
(29)
|
|
| Selling, General & Administrative |
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(20)
|
(17)
|
(16)
|
(14)
|
(13)
|
(17)
|
(16)
|
(16)
|
(15)
|
(16)
|
(17)
|
(17)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(21)
|
(22)
|
(22)
|
(22)
|
(23)
|
(23)
|
(23)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(0)
|
(1)
|
0
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
|
| Other Operating Expenses |
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(4)
|
(7)
|
(8)
|
(9)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
|
| Operating Income |
4
N/A
|
5
+17%
|
6
+27%
|
6
0%
|
6
-2%
|
6
-4%
|
5
-19%
|
4
-7%
|
3
-34%
|
2
-15%
|
3
+2%
|
2
-28%
|
3
+43%
|
3
+5%
|
4
+32%
|
5
+41%
|
5
-8%
|
5
+17%
|
7
+26%
|
7
+2%
|
8
+9%
|
9
+15%
|
8
-12%
|
8
+3%
|
9
+12%
|
10
+13%
|
10
+1%
|
8
-24%
|
6
-20%
|
4
-37%
|
5
+17%
|
9
+104%
|
12
+31%
|
14
+17%
|
17
+19%
|
16
-6%
|
14
-15%
|
12
-15%
|
7
-43%
|
5
-19%
|
6
+2%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(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)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
| Total Other Income |
(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
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Pre-Tax Income |
4
N/A
|
4
+18%
|
6
+31%
|
6
+1%
|
5
-5%
|
5
-3%
|
4
-18%
|
4
-7%
|
3
-36%
|
2
-21%
|
2
-6%
|
1
-32%
|
2
+66%
|
2
+7%
|
3
+43%
|
5
+46%
|
5
-3%
|
6
+21%
|
7
+26%
|
7
+4%
|
8
+5%
|
9
+14%
|
8
-10%
|
8
+2%
|
9
+16%
|
11
+15%
|
11
+1%
|
9
-22%
|
7
-18%
|
5
-36%
|
5
+11%
|
10
+95%
|
13
+29%
|
15
+19%
|
18
+19%
|
17
-6%
|
15
-13%
|
12
-15%
|
7
-40%
|
6
-19%
|
6
-2%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
|
| Income from Continuing Operations |
3
|
4
|
5
|
5
|
5
|
5
|
4
|
4
|
2
|
2
|
1
|
1
|
2
|
2
|
3
|
4
|
4
|
5
|
6
|
6
|
6
|
7
|
6
|
6
|
8
|
9
|
9
|
7
|
6
|
4
|
4
|
8
|
10
|
12
|
15
|
13
|
11
|
9
|
5
|
5
|
4
|
|
| Net Income (Common) |
3
N/A
|
4
+21%
|
5
+37%
|
5
+4%
|
5
-3%
|
5
-2%
|
4
-19%
|
4
-9%
|
2
-43%
|
2
-25%
|
1
-9%
|
1
-33%
|
2
+86%
|
2
+2%
|
3
+49%
|
4
+44%
|
4
-5%
|
5
+25%
|
6
+26%
|
6
+5%
|
6
-3%
|
7
+16%
|
6
-13%
|
6
+3%
|
8
+30%
|
9
+14%
|
9
+0%
|
7
-25%
|
6
-16%
|
4
-36%
|
4
+16%
|
8
+106%
|
10
+21%
|
12
+20%
|
15
+19%
|
13
-9%
|
11
-13%
|
9
-20%
|
5
-43%
|
5
-13%
|
4
-4%
|
|
| EPS (Diluted) |
0.25
N/A
|
0.3
+20%
|
0.41
+37%
|
0.43
+5%
|
0.37
-14%
|
0.36
-3%
|
0.3
-17%
|
0.26
-13%
|
0.15
-42%
|
0.12
-20%
|
0.11
-8%
|
0.07
-36%
|
0.13
+86%
|
0.13
N/A
|
0.2
+54%
|
0.29
+45%
|
0.27
-7%
|
0.34
+26%
|
0.42
+24%
|
0.44
+5%
|
0.43
-2%
|
0.49
+14%
|
0.43
-12%
|
0.45
+5%
|
0.58
+29%
|
0.66
+14%
|
0.66
N/A
|
0.49
-26%
|
0.41
-16%
|
0.3
-27%
|
0.35
+17%
|
0.72
+106%
|
0.76
+6%
|
0.91
+20%
|
1.08
+19%
|
0.98
-9%
|
0.86
-12%
|
0.69
-20%
|
0.39
-43%
|
0.34
-13%
|
0.33
-3%
|
|