Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 |
| | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Welded products | | | | 87.3 |
| Seamless products | | | | 105.1 |
| Total revenues | 600.9 | 467.3 | 259.0 | 192.4 |
| Revenue growth | 28.6% | 80.4% | 34.6% | |
| Cost of goods sold | 439.4 | 368.1 | 263.0 | 207.0 |
| Gross profit | 161.5 | 99.2 | -4.0 | -14.6 |
| Gross margin | 26.9% | 21.2% | -1.5% | -7.6% |
| Selling, general and administrative | 22.9 | 18.3 | 14.7 | 17.5 |
| Other operating expenses | | | -0.6 | |
| EBITDA [+] | 144.4 | 86.3 | -11.4 | -20.8 |
| EBITDA growth | 67.3% | -854.1% | -45.0% | |
| EBITDA margin | 24.0% | 18.5% | -4.4% | -10.8% |
| Depreciation and amortization | 5.8 | 5.4 | 6.7 | 11.3 |
| EBIT [+] | 138.6 | 80.9 | -18.1 | -32.1 |
| EBIT growth | 71.3% | -546.6% | -43.5% | |
| EBIT margin | 23.1% | 17.3% | -7.0% | -16.7% |
| Non-recurring items | | 1.9 | 0.1 | 2.0 |
| Interest expense | 0.6 | 1.1 | 3.4 | 8.2 |
| Interest expense | 0.6 | 1.1 | 3.4 | 8.2 |
| Other income (expense), net | 3.2 | 0.1 | 4.1 | 1.5 |
| Pre-tax income | 141.2 | 78.1 | -17.5 | -40.8 |
| Income taxes | 14.1 | 3.5 | -0.2 | -0.9 |
| Tax rate | 10.0% | 4.4% | 1.0% | 2.1% |
| Net income | 127.1 | 74.6 | -17.3 | -39.9 |
| Net margin | 21.2% | 16.0% | -6.7% | -20.8% |
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| Basic EPS [+] | $5.70 | $3.53 | ($0.83) | ($1.93) |
| Growth | 61.6% | -522.8% | -56.9% | |
| Diluted EPS [+] | $5.62 | $3.45 | ($0.83) | ($1.93) |
| Growth | 63.0% | -513.5% | -56.9% | |
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| Shares outstanding (basic) [+] | 22.3 | 21.2 | 20.8 | 20.6 |
| Growth | 5.4% | 1.9% | 0.6% | |
| Shares outstanding (diluted) [+] | 22.6 | 21.6 | 20.8 | 20.6 |
| Growth | 4.5% | 4.2% | 0.6% | |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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