NORTH AMERICAN GALVANIZING & COATINGS INC (NGA) [Rocket]

In millions, except per share items	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05
	10-K	10-K	10-K	10-K	10-K
Total revenues	77.1	86.1	88.4	74.1	47.9
Revenue growth	-10.5%	-2.6%	19.4%	54.7%
Cost of goods sold	49.1	53.2	60.3	54.7	36.0
Gross profit	28.0	32.9	28.1	19.4	11.9
Gross margin	36.3%	38.2%	31.8%	26.2%	24.9%
Selling, general and administrative	9.3	10.0	9.1	8.1	7.2
EBITDA [+]	18.7	22.9	18.9	11.3	4.7
EBITDA growth	-18.5%	20.9%	67.0%	140.9%
EBITDA margin	24.2%	26.6%	21.4%	15.3%	9.8%
Depreciation and amortization	3.7	3.5	3.5	3.0	2.5
EBIT [+]	14.9	19.3	15.4	8.4	2.2
EBIT growth	-22.8%	25.6%	84.3%	284.7%
EBIT margin	19.4%	22.5%	17.4%	11.3%	4.5%
Interest expense	0.4		0.6	0.9	1.1
Interest expense	0.4		0.6	0.9	1.1
Other income (expense), net	0.0	0.2	0.1	0.1
Pre-tax income	14.5	19.6	14.9	7.6	1.1
Income taxes	4.9	7.1	5.7	3.0	0.5
Tax rate	33.6%	36.0%	38.2%	40.0%	41.4%
Earnings from continuing ops	9.7	12.5	9.2	4.5	0.6
Earnings from discontinued ops		-0.7
Net income	9.7	11.9	9.2	4.5	0.6
Net margin	12.5%	13.8%	10.4%	6.1%	1.3%

Basic EPS [+]	$0.59	$0.76	$0.56	$0.30	$0.06
Growth	-22.4%	35.7%	86.7%	400.0%
Diluted EPS [+]	$0.58	$0.74	$0.54	$0.29	$0.05
Growth	-21.5%	36.9%	86.2%	480.0%

Shares outstanding (basic) [+]	16.4	16.5	16.5	15.1	10.7
Growth	-0.7%	0.0%	9.1%	40.8%
Shares outstanding (diluted) [+]	16.7	17.0	17.1	15.6	12.9
Growth	-1.8%	-0.8%	9.3%	21.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.