GLOBAL SOURCES LTD /BERMUDA (GSOL) [Rocket]

Overview

GLOBAL SOURCES LTD /BERMUDA (GSOL)

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Recent News + Filings (All items)

Date Filed	Type	Description
09/07/2017	15-12G	Form 15-12G - Securities registration termination [Section 12(g)]:
09/01/2017	SC 13D/A	Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]
09/01/2017	EFFECT	Form EFFECT - Notice of Effectiveness:
08/30/2017	SC 13D/A	GAMCO INVESTORS, INC. ET AL reports a 0% stake in Global Sources Ltd.
08/28/2017	SC 13D/A	HINRICHS MERLE A reports a 0% stake in Global Sources Ltd.
08/28/2017	POS AM	Form POS AM - Post-Effective amendments for registration statement:
08/28/2017	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09
Revenues	157.7	171.0	179.3	177.4	231.7	225.1	196.6	172.9
Revenue growth	-7.8%	-4.6%	1.1%	-23.5%	3.0%	14.5%	13.7%	172807.0%
Cost of goods sold	98.3	98.9	113.8	-15.4	0.0	0.0	0.0	0.0
Gross profit	59.3	72.2	65.5	192.8	231.7	225.1	196.6	172.9
Gross margin	37.6%	42.2%	36.5%	108.7%	100.0%	100.0%	100.0%	100.0%
Sales and marketing					80.4
General and administrative	43.0	43.7	48.0	45.1	44.3	40.7	33.5	30.0
EBIT	16.3	28.5	17.5	34.0	35.0	31.7	25.6	14.4
EBIT margin	10.4%	16.6%	9.7%	19.1%	15.1%	14.1%	13.0%	8.3%
Pre-tax income	17.0	29.4	18.5	35.3	35.7	32.1	27.4	15.4
Income taxes	-1.3	-1.0	-0.3	-4.2	2.7	1.6	1.1	0.5
Tax rate					7.7%	5.0%	4.1%	3.2%
Earnings from continuing ops	18.3	30.4	18.8	32.9	32.9	30.5	26.2	14.9
Earnings from discontinued ops		0.0	0.0	0.0
Net income	18.3	30.4	18.8	32.9	32.9	30.5	26.2	14.9
Net margin	11.6%	17.8%	10.5%	18.5%	14.2%	13.5%	13.3%	8.6%

Diluted EPS	$0.73	$1.03	$0.55	$0.91
Shares outstanding (diluted)	25.1	29.5	34.3	36.1

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