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We are a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets. Our equipment provides critical protection to allow its users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations.
11.04% operating margin is respectable but not wide. ROIC at 8.20%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 7.5%, steady but not accelerating.
ROIC dropped from 10.86% to 8.20%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$636M
▲ +7.5% YoY
Net Income (TTM)
$37M
▲ +22.2% YoY
Op. Margin
9.64%
▼ -0.7pp YoY
ROIC
6.70%
▼ -2.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$61M
▲ +117.7% YoY
Op. Cash Flow (TTM)
$69M
▲ +100.5% YoY
Net Debt
$348M
Cash & Equiv.
$41M
5Y CAGR: +8.6%
5Y CAGR: +6.9%
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