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The Company was incorporated under the laws of the State of Delaware on June 13, 1963. The Company, through its wholly-owned subsidiaries, is a value-added distributor, and provides advisory and technical services.
Operating margin is thin at 3.53%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 10.3%, still solid. Free cash flow declined 41% despite revenue growth, conversion is weakening.
Free cash flow declined 41% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$435M
▲ +10.3% YoY
Net Income (TTM)
$7M
▲ +32.8% YoY
Op. Margin
3.26%
▲ +0.2pp YoY
ROIC
5.21%
▲ +0.6pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$16M
▼ -41.0% YoY
Op. Cash Flow (TTM)
$17M
▼ -34.9% YoY
Net Debt
$69M
Cash & Equiv.
$4M
5Y CAGR: +10.6%
5Y CAGR: -3.6%
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