In millions, except per share items | Jun-30-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 |
| 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Revenues: |
Warehouse | 581.2 | 598.7 | 599.0 | 564.4 | 540.9 | 554.2 | 542.0 | 503.7 |
Third-Party Managed | 10.4 | 46.6 | 82.4 | 83.5 | 85.9 | 84.3 | 87.8 | 72.2 |
Transportation | 58.1 | 76.2 | 76.4 | 81.9 | 78.9 | 78.0 | 79.0 | 78.8 |
Total revenues | 637.9 | 709.8 | 746.7 | 719.0 | 694.9 | 699.9 | 700.6 | 647.1 |
Revenue growth [+] | -11.3% | 1.4% | 6.6% | 11.1% | 10.5% | 35.1% | 42.9% | 35.6% |
Warehouse | 3.0% | 8.0% | 10.5% | 12.0% | 11.4% | 35.9% | 39.7% | 35.3% |
Third-Party Managed | -87.6% | -44.7% | -6.1% | 15.7% | 17.5% | 7.3% | 16.5% | -1.1% |
Transportation | -29.1% | -2.4% | -3.3% | 3.9% | 3.5% | 109.1% | 131.6% | 126.0% |
Cost of goods sold | 492.8 | 544.0 | 584.1 | 567.1 | 557.5 | 576.7 | 559.4 | 503.3 |
Gross profit | 145.2 | 165.8 | 162.6 | 151.8 | 137.4 | 123.2 | 141.2 | 143.8 |
Gross margin | 22.8% | 23.4% | 21.8% | 21.1% | 19.8% | 17.6% | 20.2% | 22.2% |
Selling, general and administrative [+] | 53.8 | 60.1 | 57.1 | 56.3 | 57.6 | 49.0 | 45.5 | 42.5 |
General and administrative | | 60.1 | | | | 49.0 | | |
Equity in earnings | -0.7 | -2.1 | -1.4 | -0.4 | | -0.8 | -0.5 | |
Other operating expenses | -11.7 | -10.5 | -13.7 | -10.8 | -10.8 | -17.6 | -8.2 | -7.6 |
EBITDA [+] | 102.3 | 114.2 | 117.7 | 106.0 | 90.6 | 91.1 | 103.4 | 108.9 |
EBITDA growth | -3.5% | 25.3% | 13.8% | -2.7% | -0.9% | 5.7% | 9.9% | 17.0% |
EBITDA margin | 16.0% | 16.1% | 15.8% | 14.7% | 13.0% | 13.0% | 14.8% | 16.8% |
Depreciation and amortization | 84.9 | 82.5 | 83.7 | 82.7 | 82.6 | 87.6 | 70.6 | 84.5 |
EBIT [+] | 17.4 | 31.7 | 34.1 | 23.3 | 8.0 | 3.5 | 32.9 | 24.5 |
EBIT growth | -25.2% | 813.7% | 3.7% | -4.7% | -43.9% | -87.5% | -18.9% | -39.8% |
EBIT margin | 2.7% | 4.5% | 4.6% | 3.2% | 1.1% | 0.5% | 4.7% | 3.8% |
Non-recurring items [+] | -2.5 | 0.7 | 12.3 | | | | 1.8 | 1.5 |
Asset impairment | | 0.8 | 6.6 | | | | 1.8 | 1.5 |
Loss (gain) on sale of assets | -2.5 | 0.0 | 5.7 | | | | | |
Interest expense, net [+] | 36.4 | 31.8 | 30.4 | 26.5 | 25.8 | 20.5 | 25.3 | 26.6 |
Interest expense | 36.4 | 33.4 | 30.4 | 26.5 | 25.8 | 21.3 | 25.3 | 26.6 |
Interest income | | 1.6 | | | | 0.8 | | |
Other income (expense), net [+] | -79.6 | 1.1 | -3.6 | -1.6 | -0.4 | -0.5 | -0.7 | -0.8 |
Gain (loss) on foreign currency transactions | | -1.0 | | | | -0.6 | | |
Other | -0.4 | | | -1.0 | 0.2 | | | 0.1 |
Pre-tax income | -96.1 | 0.3 | -12.3 | -4.8 | -18.2 | -17.5 | 5.1 | -4.4 |
Income taxes | -0.5 | 0.0 | 0.0 | 12.1 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.5% | 0.0% | 0.0% | | 0.0% | 0.0% | 0.0% | 0.0% |
Minority interest | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Earnings from continuing ops | -96.4 | 2.9 | -8.9 | 7.2 | -17.4 | -8.0 | 5.3 | -13.4 |
Earnings from discontinued ops | -8.3 | | | -3.3 | | | | |
Net income | -104.7 | 2.9 | -8.9 | 3.9 | -17.4 | -8.0 | 5.3 | -13.4 |
Net margin | -16.4% | 0.4% | -1.2% | 0.5% | -2.5% | -1.1% | 0.8% | -2.1% |
|
Basic EPS [+] | ($0.36) | $0.01 | ($0.03) | $0.03 | ($0.06) | ($0.03) | $0.02 | ($0.05) |
Growth | -1430.5% | -135.5% | -263.5% | -150.8% | 13.5% | -85.8% | -66.6% | -132.6% |
Diluted EPS [+] | ($0.36) | $0.01 | ($0.03) | $0.03 | ($0.06) | ($0.03) | $0.02 | ($0.05) |
Growth | -1434.9% | -135.5% | -263.9% | -150.6% | 13.5% | -85.5% | -66.0% | -133.2% |
|
|
Shares outstanding (basic) [+] | 270.5 | 269.6 | 269.6 | 269.5 | 269.2 | 259.1 | 261.9 | 253.2 |
Growth | 0.4% | 4.1% | 2.9% | 6.4% | 6.4% | 27.5% | 28.2% | 25.5% |
Shares outstanding (diluted) [+] | 270.5 | 269.6 | 269.6 | 270.4 | 269.2 | 259.1 | 262.6 | 253.2 |
Growth | 0.0% | 4.1% | 2.7% | 6.8% | 6.4% | 25.2% | 25.9% | 23.3% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |