/
Description The Company was organized in 1918 and incorporated as a Pennsylvania business corporation in 1930. With a robust presence around the world, including operations in over 25 countries, the Company s customers include thousands of the world s most advanced and specialized steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies.
Operating margin is thin at 6.16%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 2.7%, essentially flat. Margins also contracted 4.4pp. This is a business that needs a catalyst.
Free cash flow declined 50% versus the prior year, cash generation momentum has weakened. ROIC dropped from 6.72% to 4.13%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$1.93B
▲ +2.7% YoY
Net Income (TTM)
$4M
▼ -102.1% YoY
Op. Margin
6.35%
▼ -4.4pp YoY
ROIC
4.22%
▼ -2.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$89M
▼ -50.5% YoY
Op. Cash Flow (TTM)
$143M
▼ -33.3% YoY
Net Debt
$777M
Cash & Equiv.
$170M
5Y CAGR: +5.9%
5Y CAGR: -12.9%
Continue Research