In millions, except per share items | Jun-30-23 | Jun-30-22 |
| 10-Q | 10-Q |
Revenues: |
Clinical Services | 726 | 723 |
Enabling Services | 67 | 70 |
Other | 155 | 146 |
Intersegment eliminations | 2 | 4 |
Total revenues | 793 | 793 |
Revenue growth [+] | 0.0% | |
Clinical Services | 0.4% | |
Enabling Services | -4.2% | |
Other | 5.8% | |
Intersegment eliminations | -51.4% | |
Cost of goods sold | 649 | 614 |
Gross profit | 144 | 179 |
Gross margin | 18.1% | 22.5% |
Selling, general and administrative | 81 | 71 |
EBITDA [+] | 63 | 108 |
EBITDA growth | -41.6% | |
EBITDA margin | 7.9% | 13.6% |
Depreciation | 9 | -9 |
EBITA | 54 | 116 |
EBITA margin | 6.8% | 14.6% |
Amortization of intangibles | 16 | 32 |
EBIT [+] | 38 | 84 |
EBIT growth | -55.2% | |
EBIT margin | 4.8% | 10.6% |
Non-recurring items | 4 | 13 |
Interest expense | 1 | |
Interest expense | 1 | |
Other income (expense), net [+] | 6 | 12 |
Gain (loss) on foreign currency transactions | 5 | 12 |
Other | 0 | 0 |
Pre-tax income | 39 | 84 |
Income taxes | 11 | 17 |
Tax rate | 27.2% | 20.6% |
Net income | 28 | 66 |
Net margin | 3.6% | 8.4% |
|
Basic EPS [+] | $0.32 | $0.75 |
Growth | -57.4% | |
Diluted EPS [+] | $0.32 | $0.75 |
Growth | -57.4% | |
|
Shares outstanding (basic) | 89 | 89 |
Growth | 0.0% | |
Shares outstanding (diluted) | 89 | 89 |
Growth | 0.0% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |