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ABLEST INC (AIH)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-06Dec-25-05Dec-26-04Dec-28-03Dec-29-02Dec-30-01Dec-31-00Dec-26-99
   10-K/A10-K/A10-K/A10-K10-K10-K10-K10-K
Revenues:  
    Staffing Services     104.0    
Revenues  140.8137.4116.4104.0101.587.1103.498.1
            Revenue growth  2.4%18.1%11.9%2.6%16.4%-15.8%5.4%25.0%
Cost of goods sold  116.3114.597.986.382.870.180.675.9
Gross profit  24.523.018.417.718.617.122.822.2
            Gross margin  17.4%16.7%15.8%17.0%18.4%19.6%22.1%22.6%
Selling, general and administrative  22.019.917.016.717.819.421.319.9
EBITDA   [+]3.13.41.81.61.2-1.52.73.0
            EBITDA margin  2.2%2.5%1.6%1.5%1.2%-1.8%2.6%3.1%
Depreciation  0.60.30.50.50.60.91.20.7
EBITA  2.43.11.41.10.6-2.41.62.3
            EBITA margin  1.7%2.2%1.2%1.0%0.6%-2.8%1.5%2.4%
Amortization of intangibles       0.30.40.7
EBIT   [+]2.43.11.41.10.6-2.81.21.6
            EBIT margin  1.7%2.2%1.2%1.0%0.6%-3.2%1.2%1.6%
Non-recurring items   [+]     2.9 5.1
Interest expense, net   [+]0.00.00.00.00.00.00.10.6
Other income (expense), net  0.00.00.00.10.20.10.10.2
Pre-tax income  2.53.11.41.10.8-5.61.2-3.9
Income taxes  1.12.50.5-1.80.2-0.50.60.1
            Tax rate  46.2%82.6%36.8% 26.4%8.2%51.0% 
Earnings from continuing ops  1.30.50.92.90.6-5.10.6-4.0
Earnings from discontinued ops     2.90.7-5.10.8-7.8
Net income  1.30.50.95.81.3-10.21.4-11.8
            Net margin  1.0%0.4%0.8%5.6%1.3%-11.8%1.3%-12.0%
   
Basic EPS   [+]$0.47$0.19$0.31$1.01$0.21($1.75)$0.21($1.37)
Diluted EPS   [+]$0.45$0.18$0.30$0.99$0.21($1.75)$0.21($1.37)
   
Shares outstanding (basic)   [+]2.92.92.82.82.92.92.92.9
Shares outstanding (diluted)   [+]3.02.92.92.92.92.92.92.9
   
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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