CAMBREX CORP CBM Income Statement

Cambrex corp (CBM)

Income statement / Quarterly

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Gross sales
146,055	175,196	158,220	124,422	104,231	147,214	139,130	175,505	112,233	134,487	103,711	178,682	99,867	119,054	93,935	156,943	92,350	106,379	78,184	128,841	81,145	97,972	66,192	103,011	77,992	61,628	74,581	70,389	59,841	77,142	70,559	67,134	58,203	67,484	61,654	49,356	57,403
Commissions, allowances and rebates
220	331	287	377	240	192	209	527	225	649	594	468	565	833	503	518	615	365	451	628	504	625	549	576	547	65	163	731	456	781	535	550	412	523	291	492	376
Net sales
145,835	174,865	157,933	124,045	103,991	147,022	138,921	174,978	112,008	133,838	103,117	178,214	99,302	118,221	93,432	156,425	91,735	106,014	77,733	128,213	80,641	97,347	65,643	102,435	77,445	61,563	74,418	69,658	59,385	76,361	70,024	66,584	57,791	66,961	61,363	48,864	57,027
Other revenues, net
2,728	1,985	1,523	10,287	627	5,024	2,176	7,299	611	716	1,889	-348	97	417	1,309	-238	1,244	621	-208	1,102	659	546	462	601	7	1,240	467	272	-175	772	204	947	1,364	1,421	-778	-1,090	1,190
Net revenue
148,563	176,850	159,456	134,332	104,618	152,046	141,097	182,277	112,619	134,554	105,006	177,866	99,399	118,638	94,741	156,187	92,979	106,635	77,525	129,315	81,300	97,893	66,105	103,036	77,452	62,803	74,885	69,930	59,210	77,133	70,228	67,531	59,155	68,382	60,585	47,774	58,217
Total cost of goods sold
97,662	114,022	104,573	86,016	71,893	87,254	90,242	103,351	65,676	76,995	58,131	98,536	61,797	70,081	55,842	89,926	57,299	60,690	48,446	83,916	52,894	64,478	49,527	69,098	52,486	43,552	50,136	48,847	40,679	48,688	47,800	47,788	41,326	49,325	43,130	33,664	40,284
Gross profit
50,901	62,828	54,883	48,316	32,725	64,792	50,855	78,926	46,943	57,559	46,875	79,330	37,602	48,557	38,899	66,261	35,680	45,945	29,079	45,399	28,406	33,415	16,578	33,938	24,966	19,251	24,749	21,083	18,531	28,445	22,428	19,743	17,829	19,057	17,455	14,110	17,933
Operating expenses:
Selling, general and administrative expenses
25,583	25,695	25,041	21,469	14,514	15,668	16,855	18,306	17,167	18,120	15,391	15,440	14,950	13,607	14,045	16,049	13,989	14,078	13,751	13,755	12,541	14,560	11,633	14,714	11,128	10,622	11,104	11,419	11,910	11,959	9,960	11,130	9,818	9,191	9,088	7,879	8,184
Research and development expenses
3,427	3,678	3,462	3,604	4,191	4,133	3,619	4,311	4,233	4,467	3,890	3,496	3,193	4,125	3,478	3,510	3,672	2,703	2,655	3,130	3,839	3,631	2,475	2,840	2,588	2,765	2,194	2,247	2,347	2,592	2,358	2,790	2,615	2,572	3,060	3,080	2,841
Merger, acquisition and integration expenses
4,431	562	6,056	-	7,388	339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	711	-
Gain on sale of asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,680	0	0	0	0	-	-	-	-	-	-
Restructuring expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,187	-
Total operating expenses
33,441	29,935	34,559	28,485	26,093	20,140	20,474	22,617	21,400	22,587	19,281	20,934	18,143	17,732	17,523	35,132	17,661	16,781	16,406	16,885	16,380	18,191	14,108	17,554	13,716	13,387	13,298	13,666	14,257	14,551	12,318	13,920	12,433	11,763	12,148	12,857	11,025
Operating profit
17,460	32,893	20,324	19,831	6,632	44,652	30,381	56,309	25,543	34,972	27,594	58,396	19,459	30,825	21,376	31,129	18,019	29,164	12,673	22,578	12,026	15,224	2,470	16,384	11,250	5,864	16,131	7,417	4,274	13,894	10,110	5,823	5,396	7,294	5,307	1,253	6,908
Other expenses/(income):
Interest expense, net
-5,584	-5,746	-5,624	-3,143	-725	-17	-82	-262	-337	-388	-266	-360	-366	-46	55	-232	-517	-474	-476	-539	-570	-543	-522	-2,561	-664	488	495	-4,344	576	678	651	631	564	605	573	1,233	1,171
Loss/(gain) on investment in equity securities
-540	-3,235	-569	-	5,611	5,146	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in losses of partially-owned affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-4,272	-	-605	-508	-668	-481	-545	-630	-383	-208	-457	-497	-303	-364	0	0
Other expenses, net
-296	-353	-72	-193	-109	-181	-264	-221	-432	-286	-401	-1,657	71	-180	-34	405	-296	232	-62	367	-37	3	-328	-107	-5	-38	32	-26	-72	-16	-8	-160	-14	282	3	-52	-14
Income before income taxes
11,040	23,559	14,059	18,761	11,409	49,600	30,035	55,826	24,774	34,298	26,927	56,379	19,164	30,599	21,397	31,302	17,206	28,922	12,135	22,055	11,419	10,412	1,620	15,077	10,073	4,670	15,187	6,312	2,996	12,817	9,243	4,575	4,321	6,668	4,373	-32	5,723
Provision for/(benefit from) income taxes
2,692	7,872	3,532	17,468	-15,406	8,748	5,786	15,577	7,498	9,174	5,812	18,430	5,443	9,789	6,552	13,820	5,330	9,472	3,767	-6,203	2,537	-9,415	454	5,637	3,799	1,534	3,762	-37,930	975	2,889	2,205	1,546	1,227	1,911	1,518	1,252	2,057
Income from continuing operations
8,348	15,687	10,527	1,293	26,815	40,852	24,249	40,249	17,276	25,124	21,115	37,949	13,721	20,810	14,845	17,482	11,876	19,450	8,368	28,258	8,882	19,827	1,166	9,440	6,274	3,136	11,425	44,242	2,021	9,928	7,038	3,029	3,094	4,757	2,855	-1,284	3,666
Income/(loss) from discontinued operations, net of tax
1,198	-69	-118	-81	-86	-433	-191	10	20	-94	-1,250	-565	-4,503	-316	-263	332	-129	213	-375	-373	-113	-160	-184	-541	-2,700	-862	-257	-594	-332	0	0	-2,288	-333	0	-146	-170	1,105
Net income
9,546	15,618	10,409	1,212	26,729	40,419	24,058	40,259	17,296	25,030	19,865	37,384	9,218	20,494	14,582	17,814	11,747	19,663	7,993	27,885	8,769	19,667	982	8,899	3,574	2,274	11,168	43,648	1,689	9,928	7,038	741	2,761	4,757	2,709	-1,454	4,771
Basic earnings/(loss) per share of common stock:
Income from continuing operations
0.25	0.47	0.31	0.03	0.80	1.23	0.74	1.23	0.53	0.77	0.65	1.17	0.43	0.65	0.47	0.55	0.38	0.62	0.27	0.91	0.29	0.65	0.04	0.31	0.21	0.10	0.38	1.48	0.07	0.34	0.24	0.10	0.10	0.16	0.10	-0.04	0.12
Income/(loss) from discontinued operations, net of tax
0.03	0.00	0.00	0.00	0.00	-0.01	-0.01	0.00	0.00	0.00	-0.04	-0.01	-0.14	-0.01	-0.01	0.01	-0.01	0.01	-0.01	-0.01	0.00	-0.01	-0.01	-0.01	-0.09	-0.03	-0.01	-0.02	-0.01	0.00	0.00	-0.07	-0.01	0.00	-0.01	-0.01	0.04
Net income
0.28	0.46	0.31	0.03	0.80	1.22	0.73	1.23	0.53	0.77	0.61	1.16	0.29	0.64	0.46	0.56	0.37	0.63	0.26	0.91	0.28	0.64	0.03	0.30	0.12	0.07	0.37	1.46	0.06	0.34	0.24	0.03	0.09	0.16	0.09	-0.05	0.16
Diluted earnings/(loss) per share of common stock:
Income from continuing operations
0.25	0.46	0.31	0.05	0.79	1.21	0.72	1.20	0.52	0.75	0.63	1.15	0.42	0.63	0.45	0.54	0.36	0.60	0.26	0.89	0.28	0.63	0.04	0.31	0.20	0.10	0.37	1.45	0.07	0.33	0.24	0.10	0.10	0.16	0.10	-0.04	0.12
Income/(loss) from discontinued operations, net of tax
0.03	0.00	0.00	-0.01	0.00	-0.01	0.00	-0.01	0.00	0.00	-0.03	-0.01	-0.14	-0.01	-0.01	0.00	0.00	0.01	-0.01	-0.02	0.00	0.00	-0.01	-0.02	-0.08	-0.03	-0.01	-0.02	-0.01	0.00	0.00	-0.07	-0.01	0.00	-0.01	-0.01	0.04
Net income
0.28	0.46	0.31	0.04	0.79	1.20	0.72	1.19	0.52	0.75	0.60	1.14	0.28	0.62	0.44	0.54	0.36	0.61	0.25	0.87	0.28	0.63	0.03	0.29	0.12	0.07	0.36	1.43	0.06	0.33	0.24	0.03	0.09	0.16	0.09	-0.05	0.16
Weighted average shares outstanding:
Basic
33,683	33,657	33,632	-99,252	33,406	33,085	32,894	-97,701	32,749	32,629	32,454	-63,852	32	32,063	31,886	31,667	31,471	31,344	31,198	31,058	30,801	30,647	30,546	30,357	30,184	30,089	29,970	29,876	29,711	29,623	29,602	58,940	29,483	29,419	29	29,373	29,333
Effect of dilutive stock based compensation
225	116	119	-1,768	486	557	727	-2,510	763	840	911	-1,745	0	863	885	1,362	1,122	1,096	960	1,079	798	781	862	451	868	867	818	995	876	289	284	264	45	74	0	0	71
Diluted
33,908	33,773	33,751	-101,020	33,892	33,642	33,621	-100,212	33,512	33,469	33,365	-65,598	32	32,926	32,771	33,029	32,593	32,440	32,158	32,137	31,599	31,428	31,408	30,808	31,052	30,956	30,788	30,871	30,587	29,912	29,886	59,205	29,528	29,493	29	29,373	29,404
Product Sales [Member]
Gross sales
118,698	145,273	124,245	-	97,518	142,993	135,459	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of goods sold
74,493	89,719	78,805	-	65,926	83,557	86,583	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service Revenue [Member]
Gross sales
27,357	29,923	33,975	-	6,713	4,221	3,671	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of goods sold
23,169	24,303	25,768	-	5,967	3,697	3,659	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-