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Essex Rental Corp. (ESSX)

Income Statement Business | Product | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Oct-31-08
   10-K10-K/A10-K/A10-K/A10-K10-K10-K/A10-K/A
Revenues:  
    Coast Crane equipment rentals  32.831.035.825.3    
    Essex Crane equipment rentals  20.633.935.428.6    
    Parts and service  20.319.422.921.52.0   
    Equipment repairs and maintenance  11.511.713.411.65.06.1  
    Other  18.3  2.634.545.9  
Total revenues   [+]103.495.598.389.641.552.114.971.0
            Revenue growth   [+]8.3%-2.8%9.7%115.7%-20.3%250.2%-81.0% 
Cost of goods sold   [+]81.873.376.976.535.432.97.129.5
Gross profit  21.722.221.313.16.119.27.841.4
            Gross margin  21.0%23.2%21.7%14.6%14.8%36.8%52.6%58.4%
Selling, general and administrative  23.824.427.028.513.010.54.013.7
EBITDA   [+]15.916.114.45.15.419.25.634.7
            EBITDA margin  15.3%16.9%14.7%5.7%12.9%36.8%37.5%48.9%
Depreciation  18.619.121.021.312.110.21.97.0
EBITA  -2.7-2.9-6.5-16.2-6.89.03.627.7
            EBITA margin  -2.6%-3.1%-6.6%-18.1%-16.3%17.3%24.4%39.0%
Amortization of intangibles  0.30.30.40.61.01.2  
EBIT   [+]-3.0-3.2-6.9-16.8-7.87.93.627.7
            EBIT margin  -2.9%-3.4%-7.1%-18.7%-18.8%15.1%24.4%39.0%
Non-recurring items   [+]0.8     23.9 
Interest expense  14.011.711.311.57.26.71.17.7
Other income (expense), net   [+]-0.40.20.00.30.10.01.4-0.5
Pre-tax income  -18.1-14.7-18.2-27.9-14.91.2-20.019.5
Income taxes  -6.9-5.1-5.6-10.8-3.50.0-8.18.1
            Tax rate  38.2%34.4%30.5%38.6%23.6% 40.4%41.4%
Net income  -11.2-9.6-12.7-17.1-11.41.2-11.911.4
            Net margin  -10.8%-10.1%-12.9%-19.1%-27.5%2.3%-80.1%16.1%
   
Basic EPS   [+]($0.45)($0.39)($0.52)($0.72)($0.71)$0.08($0.88) 
Diluted EPS   [+]($0.45)($0.39)($0.50)($0.72)($0.71)$0.08($0.88) 
   
Shares outstanding (basic)   [+]24.824.724.523.816.114.113.5 
Shares outstanding (diluted)   [+]24.824.725.523.816.115.813.5 
   
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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