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We are a leading water treatment and specialty ingredients company that formulates, manufactures, distributes, and blends products for our Water Treatment, Industrial and Health and Nutrition customers. We believe that we create value for our customers through superb service and support, quality products, personalized applications and trustworthy, creative employees.
11.19% operating margin is respectable but not wide. ROIC at 13.18%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 11.2%, still solid.
ROIC dropped from 15.64% to 13.18%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$1.08B
▲ +11.2% YoY
Net Income (TTM)
$82M
▼ -3.3% YoY
Op. Margin
11.19%
▼ -1.0pp YoY
ROIC
13.18%
▼ -2.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$86M
▲ +23.0% YoY
Op. Cash Flow (TTM)
$144M
▲ +29.9% YoY
Net Debt
$258M
Cash & Equiv.
$4M
5Y CAGR: +12.7%
5Y CAGR: +30.2%
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