Revenue Analysis:
Total Revenue has shown fluctuations, with the highest at $857.864 million in December 2023 and the lowest at $600.199 million in June 2023. Operating Revenue mirrors Total Revenue since both metrics are identical in the data. Gross Profit margins also vary, peaking at $418.175 million in December 2023 and dipping to $291.896 million in June 2023, indicating variability in revenue generation efficiency over the period.
Cost Management:
Cost of Revenue, Operating Expense, and Total Expenses have been significant, with Cost of Revenue ranging from $308.303 million (June 2023) to $439.689 million (December 2023). Total Expenses peaked in December 2023 at $721.804 million, showing a high operational cost structure, which could be streamlining targets for efficiency improvements.
Profitability Analysis:
EBITDA was highest in December 2023 at $161.153 million and lowest in June 2023 at $56.127 million. Operating Income followed a similar trend, ranging from $37.561 million in June 2023 to $136.06 million in December 2023. Pretax Income and Net Income metrics also reflect this pattern, with peaks and troughs aligning closely with those of Operating Income, demonstrating the impact of operational efficiency and cost management on profitability.
Cash Flow Indicators:
Reconciled Depreciation expenses show modest fluctuation but indicate substantial investment in assets, affecting free cash flow. Interest Expense has gradually increased, suggesting rising debt levels or cost of financing which may affect future cash flows negatively if not managed efficiently.
Taxation:
The Tax Rate for Calcs has ranged from around 0.22792 to 0.24486, showing slight variability in tax obligations. Tax Provision values align with profit before tax, ranging from $7.383 million in June 2023 to $31.442 million in December 2023, suggesting effective tax management practices.
Shareholder Metrics:
Diluted and Basic EPS and Average Shares provide insights into shareholder returns and stock dilution. EPS peaked at 2.9 in December 2023, reflective of higher profitability during this period. Average shares remained relatively stable, indicating no significant equity dilution or buybacks during this time frame.
Conclusion:
CRI has demonstrated fluctuating performance over the observed periods with high costs, potentially impacting their operational efficiencies. Areas for improvement include cost management and enhancing operational efficiencies to bolster profitability. Attention should also be paid to managing interest expenses and maintaining stable tax rates. For shareholders, maintaining consistency in share counts and improving EPS should be a priority to enhance shareholder value.
Appendices:
Data from financial statements spanning different quarters provides a factual basis for this analysis, highlighting trends in revenue, costs, profitability, and shareholder metrics.