Cash flow Smurfit Westrock Plc

Stocks

SW

IE00028FXN24

Paper Packaging

Market Closed - NYSE Other stock markets 01:30:02 17/07/2026 am IST			5-day change	1st Jan Change
44.77 ^USD	+2.71%		+4.14%	+15.77%

15/07	Truist Securities Lifts Smurfit Westrock Price Target to $55 From $50, Maintains Buy Rating	MT
13/07	Seaport Global Adjusts Price Target on Smurfit Westrock to $53 From $51, Maintains Buy Rating	MT

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Published financial data: SMURFIT WESTROCK PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	1.01TCr	1.28TCr	1.21TCr	2.11TCr	3.12TCr
Total Revenues	1.01TCr	1.28TCr	1.21TCr	2.11TCr	3.12TCr
Cost of Goods Sold, Total	701.5Cr	875.2Cr	903.9Cr	1.69TCr	2.51TCr
Gross Profit	309.2Cr	406.3Cr	305.4Cr	419.5Cr	604.3Cr
Selling General & Admin Expenses, Total	202.5Cr	240.8Cr	164.6Cr	243.7Cr	340.6Cr
Provision for Bad Debts	-	-	20L	38Cr	38Cr
Other Operating Expenses, Total	202.5Cr	240.8Cr	164.8Cr	281.7Cr	378.9Cr
Operating Income	106.7Cr	165.5Cr	140.6Cr	137.8Cr	225.4Cr
Interest Expense, Total	-12Cr	-15Cr	-17Cr	-52Cr	-84Cr
Interest And Investment Income	30L	90L	3.1Cr	13Cr	11Cr
Net Interest Expenses	-12Cr	-14Cr	-14Cr	-40Cr	-73Cr
Income (Loss) On Equity Invest.	20L	30L	-	-	-
Currency Exchange Gains (Loss)	-30L	-1.1Cr	-	-2.2Cr	-3.3Cr
Other Non Operating Income (Expenses)	-20L	40L	60L	-30L	-2.8Cr
EBT, Excl. Unusual Items	95Cr	151Cr	127.3Cr	96Cr	146.4Cr
Restructuring Charges	-	-1.4Cr	-	-	-14Cr
Merger & Related Restructuring Charges	-10L	-10L	-7.8Cr	-40Cr	-12Cr
Impairment of Goodwill	-	-8.5Cr	-	-	-
Gain (Loss) On Sale Of Investments	20L	-20L	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-1Cr	-	-
Asset Writedown	-	-6.6Cr	-50L	-	-25Cr
Legal Settlements	-	-	-	-	-
Other Unusual Items	-3.4Cr	-4.9Cr	-4.2Cr	-	-
EBT, Incl. Unusual Items	91Cr	129.3Cr	113.8Cr	56Cr	96Cr
Income Tax Expense	23Cr	35Cr	31Cr	24Cr	26Cr
Earnings From Continuing Operations	68Cr	94Cr	83Cr	32Cr	70Cr
Net Income to Company	68Cr	94Cr	83Cr	32Cr	70Cr
Minority Interest	-	-10L	-10L	-	-
Net Income - (IS)	68Cr	94Cr	82Cr	32Cr	70Cr
Net Income to Common Incl Extra Items	68Cr	94Cr	82Cr	32Cr	70Cr
Net Income to Common Excl. Extra Items	68Cr	94Cr	82Cr	32Cr	70Cr
Per Share Items
Net EPS - Basic	2.64	3.66	3.19	0.83	1.34
Basic EPS - Continuing Operations	2.64	3.66	3.19	0.83	1.34
Basic Weighted Average Shares Outstanding	26Cr	26Cr	26Cr	39Cr	52Cr
Net EPS - Diluted	2.61	3.62	3.17	0.82	1.33
Diluted EPS - Continuing Operations	2.61	3.62	3.17	0.82	1.33
Diluted Weighted Average Shares Outstanding	26Cr	26Cr	26Cr	39Cr	53Cr
Normalized Basic EPS	2.3	3.65	3.08	1.55	1.75
Normalized Diluted EPS	2.27	3.61	3.05	1.53	1.74
Dividend Per Share	1.25	1.39	1.68	0.6	1.72
Payout Ratio	44.48	35.17	47.39	203.76	128.76
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	151.7Cr	216.7Cr	198.6Cr	284.2Cr	480.4Cr
EBITA	109.2Cr	168.4Cr	145.8Cr	147.9Cr	240.2Cr
EBIT	106.7Cr	165.5Cr	140.6Cr	137.8Cr	225.4Cr
EBITDAR	154.5Cr	220.4Cr	215.1Cr	322.9Cr	533.9Cr
Effective Tax Rate - (Ratio)	25.63	26.91	27.42	43.04	27.11
Current Domestic Taxes	2.8Cr	3.1Cr	4.4Cr	6.4Cr	7.1Cr
Current Foreign Taxes	24Cr	32Cr	30Cr	31Cr	38Cr
Total Current Taxes	26Cr	35Cr	34Cr	38Cr	45Cr
Deferred Domestic Taxes	-	-	20L	1.9Cr	-40L
Deferred Foreign Taxes	-	-	-3Cr	-16Cr	-19Cr
Total Deferred Taxes	-3.1Cr	-10L	-2.8Cr	-14Cr	-19Cr
Normalized Net Income	59Cr	94Cr	79Cr	60Cr	92Cr
Interest Capitalized	20L	30L	1Cr	2.2Cr	2.4Cr
Interest on Long-Term Debt	13Cr	10Cr	10L	1.4Cr	2Cr
Non-Cash Pension Expense	30L	90L	4.3Cr	2Cr	-3.5Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	82Cr	96Cr	-	-	-
General and Administrative Expenses	119.5Cr	143.9Cr	-	-	-
Research And Development Expense From Footnotes	70L	80L	1Cr	-	-
Net Rental Expense, Total	2.8Cr	3.7Cr	16Cr	39Cr	54Cr
Imputed Operating Lease Interest Expense	78.38L	1.2Cr	5.84Cr	18Cr	25Cr
Imputed Operating Lease Depreciation	2.02Cr	2.5Cr	11Cr	21Cr	28Cr
Maintenance & Repair Expenses, Total	45Cr	53Cr	-	-	-
Stock-Based Comp., Other (Total)	6.9Cr	6.5Cr	6.6Cr	21Cr	14Cr
Total Stock-Based Compensation	6.9Cr	6.5Cr	6.6Cr	21Cr	14Cr

Fiscal Period: December	2021	2022	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	86Cr	78Cr	100Cr	86Cr	89Cr
Total Cash And Short Term Investments	86Cr	78Cr	100Cr	86Cr	89Cr
Accounts Receivable, Total	178.8Cr	190.9Cr	180.6Cr	431.4Cr	443.8Cr
Other Receivables	25Cr	37Cr	-	-	-
Total Receivables	203.6Cr	227.5Cr	180.6Cr	431.4Cr	443.8Cr
Inventory	104.6Cr	123.1Cr	120.3Cr	355Cr	369.3Cr
Prepaid Expenses	10Cr	12Cr	-	-	-
Restricted Cash	1.4Cr	1.1Cr	-	-	-
Other Current Assets, Total	1.8Cr	9.1Cr	56Cr	133.6Cr	141.6Cr
Total Current Assets	407Cr	450.9Cr	457Cr	1.01TCr	1.04TCr
Gross Property Plant And Equipment	1.02TCr	1.08TCr	1.27TCr	3.08TCr	3.46TCr
Accumulated Depreciation	-549.1Cr	-576.9Cr	-651.4Cr	-715.5Cr	-1.03TCr
Net Property Plant And Equipment	471.4Cr	507.6Cr	616.5Cr	2.37TCr	2.43TCr
Long-term Investments	2.4Cr	2.6Cr	-	-	-
Goodwill	251.1Cr	245.5Cr	284.2Cr	682.2Cr	721.8Cr
Other Intangibles, Total	21Cr	22Cr	22Cr	111.7Cr	105.9Cr
Deferred Tax Assets Long-Term	15Cr	14Cr	14Cr	-	-
Other Long-Term Assets, Total	2.8Cr	5.8Cr	12Cr	210.4Cr	215.8Cr
Total Assets	1.17TCr	1.25TCr	1.41TCr	4.38TCr	4.52TCr
Liabilities
Accounts Payable, Total	141.9Cr	141Cr	172.8Cr	329Cr	359.7Cr
Accrued Expenses, Total	94Cr	100Cr	72Cr	159.7Cr	159.8Cr
Short-term Borrowings	2.8Cr	1.7Cr	1.6Cr	56Cr	16Cr
Current Portion of Long-Term Debt	4.6Cr	7Cr	5.9Cr	46Cr	15Cr
Current Portion of Leases	9.1Cr	9.3Cr	12Cr	34Cr	36Cr
Current Income Taxes Payable	2.7Cr	4.9Cr	-	-	-
Unearned Revenue Current, Total	-	-	-	50L	60L
Other Current Liabilities	28Cr	39Cr	37Cr	107.9Cr	119.6Cr
Total Current Liabilities	282.7Cr	302.7Cr	300.6Cr	733.3Cr	706.4Cr
Long-Term Debt	330Cr	331.9Cr	364.3Cr	1.2TCr	1.29TCr
Long-Term Leases	29Cr	28Cr	30Cr	121.6Cr	128.1Cr
Unearned Revenue Non Current	2.4Cr	2.6Cr	-	-	-
Pension & Other Post Retirement Benefits	63Cr	53Cr	54Cr	71Cr	70Cr
Deferred Tax Liability Non Current	18Cr	19Cr	28Cr	360Cr	329.7Cr
Other Non Current Liabilities	7Cr	6.7Cr	12Cr	148.1Cr	154.4Cr
Total Liabilities	731.5Cr	744.4Cr	787.7Cr	2.64TCr	2.68TCr
Common Stock, Total	-	-	-	10L	10L
Additional Paid In Capital	264.6Cr	264.6Cr	357.5Cr	1.59TCr	1.61TCr
Retained Earnings	147.3Cr	214.3Cr	352.1Cr	295Cr	265.5Cr
Treasury Stock	-5.9Cr	-6.5Cr	-9.1Cr	-9.3Cr	-6.4Cr
Comprehensive Income and Other	32Cr	30Cr	-85Cr	-144.6Cr	-35Cr
Total Common Equity	437.9Cr	502.5Cr	615.8Cr	1.74TCr	1.83TCr
Minority Interest	1.3Cr	1.3Cr	1.6Cr	2.7Cr	2.7Cr
Total Equity	439.2Cr	503.8Cr	617.4Cr	1.74TCr	1.84TCr
Total Liabilities And Equity	1.17TCr	1.25TCr	1.41TCr	4.38TCr	4.52TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	26Cr	26Cr	26Cr	52Cr	52Cr
ECS Total Common Shares Outstanding	26Cr	26Cr	26Cr	52Cr	52Cr
Book Value / Share	17.03	19.52	23.83	33.49	35.19
Tangible Book Value	165.7Cr	235.3Cr	309.8Cr	942.1Cr	1TCr
Tangible Book Value Per Share	6.45	9.14	11.99	18.17	19.29
Total Debt	375.4Cr	378Cr	412.9Cr	1.46TCr	1.49TCr
Net Debt	289.9Cr	300.3Cr	312.9Cr	1.38TCr	1.4TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	63Cr	52Cr	43Cr	2Cr	3Cr
Debt Equivalent Oper. Leases	22Cr	30Cr	132Cr	309.6Cr	428Cr
Minority Interest, Total (Incl. Fin. Div)	1.3Cr	1.3Cr	1.6Cr	2.7Cr	2.7Cr
Equity Method Investments, Total	1.3Cr	1.6Cr	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	53Cr	62Cr	64Cr	197Cr	206.9Cr
Inventories - Work In Process, Total	4.7Cr	5.7Cr	5.2Cr	21Cr	19Cr
Inventories - Finished Goods, Total	47Cr	55Cr	51Cr	137.4Cr	143.2Cr
Land - (BS)	39Cr	42Cr	275.7Cr	558.8Cr	623.2Cr
Buildings, Total	163Cr	180.4Cr	-	-	-
Machinery, Total	731.7Cr	756.8Cr	886Cr	2.23TCr	2.51TCr
Full Time Employees	48T	48T	47T	1L	97T
Accumulated Allowance for Doubtful Accounts (Supple)	4.4Cr	5.2Cr	5.6Cr	22Cr	24Cr

Fiscal Period: December	2021	2022	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	68Cr	94Cr	82Cr	32Cr	70Cr
Depreciation & Amortization - CF	51Cr	58Cr	53Cr	136.3Cr	240.2Cr
Amortization of Goodwill and Intangible Assets - (CF)	2.5Cr	2.9Cr	5.2Cr	10Cr	15Cr
Depreciation & Amortization, Total	54Cr	61Cr	58Cr	146.4Cr	255Cr
Amortization of Deferred Charges, Total - (CF)	1.5Cr	2Cr	-	-	-
(Gain) Loss From Sale Of Asset	-80L	-70L	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-20L	20L	-	-	-
Asset Writedown & Restructuring Costs	-	15Cr	50L	2.4Cr	25Cr
(Income) Loss On Equity Investments - (CF)	-20L	-30L	-	-	-
Stock-Based Compensation (CF)	6.9Cr	6.5Cr	6.6Cr	21Cr	14Cr
Other Operating Activities, Total	90L	4.1Cr	-7.6Cr	-18Cr	-31Cr
Change In Accounts Receivable	-49Cr	-24Cr	24Cr	-14Cr	16Cr
Change In Inventories	-25Cr	-19Cr	22Cr	6.2Cr	3.5Cr
Change In Accounts Payable	62Cr	7.5Cr	-26Cr	-27Cr	-2.3Cr
Change In Income Taxes	-	-	-9.9Cr	-50L	-7.1Cr
Change in Other Net Operating Assets	-20Cr	-2.1Cr	5.3Cr	1.1Cr	-3.4Cr
Cash from Operations	99Cr	145.2Cr	155.9Cr	148.3Cr	339.2Cr
Capital Expenditure	-59Cr	-87Cr	-93Cr	-146.6Cr	-219.2Cr
Sale of Property, Plant, and Equipment	1.6Cr	1.2Cr	1.7Cr	6.1Cr	1.2Cr
Cash Acquisitions	-45Cr	-10Cr	-3.3Cr	-72Cr	-60L
Divestitures	3.3Cr	-	-	-	-
Sale (Purchase) of Intangible assets	-2.1Cr	-1.7Cr	-	-	-
Investment in Marketable and Equity Securities, Total	-	-10L	-	-	-
Other Investing Activities, Total	50L	1.6Cr	1.4Cr	1.1Cr	4.3Cr
Cash from Investing	-100.9Cr	-97Cr	-93Cr	-211.4Cr	-214.3Cr
Short Term Debt Issued, Total	-	-	-	10L	-
Long-Term Debt Issued, Total	100Cr	80L	8.8Cr	570.9Cr	198.9Cr
Total Debt Issued	100Cr	80L	8.8Cr	571Cr	198.9Cr
Short Term Debt Repaid, Total	-	-	-	-	-39Cr
Long-Term Debt Repaid, Total	-69Cr	-10Cr	-14Cr	-434.3Cr	-190.2Cr
Total Debt Repaid	-69Cr	-10Cr	-14Cr	-434.3Cr	-229.3Cr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-2.2Cr	-6.9Cr	-3Cr	-5.3Cr	-6.9Cr
Common Dividends Paid	-30Cr	-33Cr	-39Cr	-65Cr	-90Cr
Common & Preferred Stock Dividends Paid	-30Cr	-33Cr	-39Cr	-65Cr	-90Cr
Other Financing Activities, Total	-30L	0	-30L	-5.7Cr	-2.5Cr
Cash from Financing	-1.4Cr	-50Cr	-48Cr	61Cr	-129.8Cr
Foreign Exchange Rate Adjustments	-1.2Cr	-5.9Cr	1Cr	-12Cr	8.6Cr
Net Change in Cash	-4.9Cr	-7Cr	16Cr	-14Cr	3.7Cr
Supplemental Items
Cash Interest Paid	15Cr	14Cr	-	-	-
Cash Income Tax Paid (Refund)	24Cr	32Cr	44Cr	38Cr	52Cr
Levered Free Cash Flow	34Cr	41Cr	65Cr	-173.69Cr	145.98Cr
Unlevered Free Cash Flow	41Cr	51Cr	75Cr	-140.88Cr	198.48Cr
Change In Net Working Capital	26Cr	33Cr	-16Cr	247.4Cr	-7.9Cr
Net Debt Issued / Repaid	31Cr	-9.5Cr	-5.5Cr	136.7Cr	-30Cr

Fiscal Period: December	2021	2022	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	6.06	8.55	6.42	2.98	3.17
Return on Total Capital	8.77	12.19	8.94	4.07	4.32
Return On Equity %	16.61	20.04	14.34	2.71	3.91
Return on Common Equity	16.66	20.08	14.37	2.71	3.92
Margin Analysis
Gross Profit Margin %	30.59	31.7	25.25	19.87	19.38
SG&A Margin	20.04	18.79	13.61	11.54	10.92
EBITDA Margin %	15.01	16.91	16.42	13.46	15.41
EBITA Margin %	10.8	13.14	12.06	7.01	7.7
EBIT Margin %	10.56	12.91	11.63	6.53	7.23
Income From Continuing Operations Margin %	6.72	7.37	6.83	1.51	2.24
Net Income Margin %	6.72	7.37	6.82	1.51	2.24
Net Avail. For Common Margin %	6.72	7.37	6.82	1.51	2.24
Normalized Net Income Margin	5.85	7.36	6.57	2.83	2.93
Levered Free Cash Flow Margin	3.33	3.23	5.35	-8.23	4.68
Unlevered Free Cash Flow Margin	4.08	3.96	6.23	-6.67	6.37
Asset Turnover
Asset Turnover	0.92	1.06	0.88	0.73	0.7
Fixed Assets Turnover	2.25	2.62	2.1	1.42	1.3
Receivables Turnover (Average Receivables)	6.47	6.93	6.3	6.9	7.12
Inventory Turnover (Average Inventory)	7.71	7.69	7.07	7.12	6.94
Short Term Liquidity
Current Ratio	1.44	1.49	1.52	1.37	1.48
Quick Ratio	1.02	1.01	0.93	0.7	0.75
Operating Cash Flow to Current Liabilities	0.35	0.48	0.52	0.2	0.48
Days Sales Outstanding (Average Receivables)	56.43	52.65	57.98	53.06	51.23
Days Outstanding Inventory (Average Inventory)	47.32	47.48	51.63	51.42	52.59
Average Days Payable Outstanding	60.02	57.77	75.11	47.68	49.72
Cash Conversion Cycle (Average Days)	43.73	42.36	34.5	56.8	54.1
Long Term Solvency
Total Debt/Equity	85.47	75.03	66.88	84.05	81.01
Total Debt / Total Capital	46.08	42.87	40.08	45.67	44.75
LT Debt/Equity	81.72	71.46	63.78	76.22	77.37
Long-Term Debt / Total Capital	44.06	40.83	38.22	41.41	42.75
Total Liabilities / Total Assets	62.48	59.64	56.06	60.27	59.36
EBIT / Interest Expense	8.82	11.03	8.27	2.62	2.68
EBITDA / Interest Expense	13.26	15.1	12.65	6.15	6.36
(EBITDA - Capex) / Interest Expense	8.36	9.28	7.19	3.36	3.75
Total Debt / EBITDA	2.34	1.67	1.92	4.53	2.78
Net Debt / EBITDA	1.81	1.33	1.45	4.26	2.62
Total Debt / (EBITDA - Capex)	3.71	2.72	3.38	8.29	4.72
Net Debt / (EBITDA - Capex)	2.87	2.16	2.56	7.8	4.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.49	26.79	-10.48	74.56	47.7
Gross Profit, 1 Yr. Growth %	7.59	31.4	-6.66	37.36	44.05
EBITDA, 1 Yr. Growth %	10.97	42.94	-13.61	43.46	65.77
EBITA, 1 Yr. Growth %	16.42	54.35	-18.41	1.79	56.48
EBIT, 1 Yr. Growth %	17.25	55.25	-18.96	-1.64	57.18
Earnings From Cont. Operations, 1 Yr. Growth %	24.13	39.18	-20.19	-61.38	119.12
Net Income, 1 Yr. Growth %	24.59	39.03	-20.21	-61.33	119.12
Normalized Net Income, 1 Yr. Growth %	21.94	59.62	-20.21	-22	44.81
Diluted EPS Before Extra, 1 Yr. Growth %	15.68	38.57	-19.95	-74.13	62.2
Accounts Receivable, 1 Yr. Growth %	33.73	6.77	-11.3	138.87	2.87
Inventory, 1 Yr. Growth %	35.32	17.69	-11.15	195.1	4.03
Net Property, Plant and Equip., 1 Yr. Growth %	10.74	7.68	15.43	283.8	2.63
Total Assets, 1 Yr. Growth %	13.77	6.62	5.31	211.43	3.19
Tangible Book Value, 1 Yr. Growth %	36.04	42	30.44	204.1	6.68
Common Equity, 1 Yr. Growth %	16.15	14.75	15.58	181.91	5.57
Cash From Operations, 1 Yr. Growth %	-20.93	47.26	8.79	-4.88	128.73
Capital Expenditures, 1 Yr. Growth %	20.49	46.97	-0.11	57.8	49.52
Levered Free Cash Flow, 1 Yr. Growth %	-54.67	23.24	58.01	-369.54	-185.77
Unlevered Free Cash Flow, 1 Yr. Growth %	-49.88	23.37	50.06	-287.68	-244.48
Dividend Per Share, 1 Yr. Growth %	-36.09	11	-	-63.97	184.83
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.69	22.57	0.67	25	60.57
Gross Profit, 2 Yr. CAGR %	1.44	18.9	6.79	13.23	40.67
EBITDA, 2 Yr. CAGR %	1.04	25.91	5.39	11.52	54.48
EBITA, 2 Yr. CAGR %	0.69	33.99	6.64	-8.67	27.18
EBIT, 2 Yr. CAGR %	1.05	34.86	6.74	-10.52	25.42
Earnings From Cont. Operations, 2 Yr. CAGR %	18.44	31.44	1.49	-44.48	-8.01
Net Income, 2 Yr. CAGR %	19.43	31.61	1.42	-44.46	-7.95
Normalized Net Income, 2 Yr. CAGR %	5.17	39.44	8.9	-22.63	8.38
Diluted EPS Before Extra, 2 Yr. CAGR %	14.26	26.61	1.45	-54.5	-35.23
Accounts Receivable, 2 Yr. CAGR %	12.93	19.49	-5.76	45.56	56.76
Inventory, 2 Yr. CAGR %	13.01	26.19	0.56	61.92	75.21
Net Property, Plant and Equip., 2 Yr. CAGR %	3.84	9.2	7.24	110.48	98.47
Total Assets, 2 Yr. CAGR %	8.61	10.14	2.73	81.1	79.27
Tangible Book Value, 2 Yr. CAGR %	122.07	38.99	28.22	99.17	80.11
Common Equity, 2 Yr. CAGR %	21.8	15.45	11.2	80.51	72.51
Cash From Operations, 2 Yr. CAGR %	-7.92	7.91	20.04	1.73	47.5
Capital Expenditures, 2 Yr. CAGR %	-1.48	33.07	13.99	25.55	53.61
Levered Free Cash Flow, 2 Yr. CAGR %	-26.88	-25.33	49.61	108.11	48.23
Unlevered Free Cash Flow, 2 Yr. CAGR %	-25.15	-21.42	38.26	68.95	60.48
Dividend Per Share, 2 Yr. CAGR %	112.01	-15.77	-	-	1.31
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.15	12.3	8.65	20.94	32.15
Gross Profit, 3 Yr. CAGR %	1.5	10.58	-1.3	16.14	22.69
EBITDA, 3 Yr. CAGR %	0.53	13.4	9.54	16.7	28.11
EBITA, 3 Yr. CAGR %	-0.66	16.07	12.03	4.88	10.65
EBIT, 3 Yr. CAGR %	-0.62	16.56	11.81	3.75	9.41
Earnings From Cont. Operations, 3 Yr. CAGR %	2.04	24.99	10.96	-26.46	-12.26
Net Income, 3 Yr. CAGR %	1.67	25.64	11.05	-26.46	-12.24
Normalized Net Income, 3 Yr. CAGR %	0.22	20.82	14.03	-3.78	-2.82
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.56	21.85	8.31	-35.67	-30.49
Accounts Receivable, 3 Yr. CAGR %	7.41	10.84	6.91	28.49	29.66
Inventory, 3 Yr. CAGR %	7.29	14.55	12.08	43.97	39.72
Net Property, Plant and Equip., 3 Yr. CAGR %	8.28	5.1	9.42	64.03	65.66
Total Assets, 3 Yr. CAGR %	7.24	7.94	7.3	48.68	50.14
Tangible Book Value, 3 Yr. CAGR %	114.03	91.32	32.02	70.99	61.75
Common Equity, 3 Yr. CAGR %	16.65	19.4	13.9	51.62	50.95
Cash From Operations, 3 Yr. CAGR %	-1.54	7.68	4.19	11.08	33.27
Capital Expenditures, 3 Yr. CAGR %	4	12.57	19.46	27.04	33.08
Levered Free Cash Flow, 3 Yr. CAGR %	-9.89	-13.03	-7.57	81.75	53.83
Unlevered Free Cash Flow, 3 Yr. CAGR %	-9.81	-11.63	-6.03	52.88	59.02
Dividend Per Share, 3 Yr. CAGR %	8.71	70.87	-8.18	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.38	8.4	4.11	17.64	25.5
Gross Profit, 5 Yr. CAGR %	4.6	9.64	-1.35	6.16	12.36
EBITDA, 5 Yr. CAGR %	4.92	12.87	3.77	13.06	24.52
EBITA, 5 Yr. CAGR %	5.49	15.4	3.44	5.81	16.88
EBIT, 5 Yr. CAGR %	5.72	15.76	3.19	4.96	16.1
Earnings From Cont. Operations, 5 Yr. CAGR %	8.19	17.44	3.18	-8.64	1.71
Net Income, 5 Yr. CAGR %	8.87	17.75	2.93	-8.33	1.78
Normalized Net Income, 5 Yr. CAGR %	8.42	19.64	4.12	1.53	9.96
Diluted EPS Before Extra, 5 Yr. CAGR %	6.85	15.53	0.94	-16.91	-12.88
Accounts Receivable, 5 Yr. CAGR %	6.47	6.91	2.52	24.34	23.1
Inventory, 5 Yr. CAGR %	6.07	7.99	5.14	33.16	32.4
Net Property, Plant and Equip., 5 Yr. CAGR %	6.91	8.65	8.48	39.21	37.18
Total Assets, 5 Yr. CAGR %	5.72	6.75	6.01	33.61	30.17
Tangible Book Value, 5 Yr. CAGR %	61.89	96.17	75.36	93.44	47.69
Common Equity, 5 Yr. CAGR %	13.46	14.91	15.09	41.54	32.86
Cash From Operations, 5 Yr. CAGR %	6.08	14.34	6.43	4.26	18.3
Capital Expenditures, 5 Yr. CAGR %	6.82	14.58	9.74	18.27	30.51
Levered Free Cash Flow, 5 Yr. CAGR %	-0.78	8.35	4.98	21.68	10.88
Unlevered Free Cash Flow, 5 Yr. CAGR %	-1.8	5.7	3.97	13.1	15.52
Dividend Per Share, 5 Yr. CAGR %	9.52	9.71	9.25	15.94	-5.64