The Monarch Cement Company (MCEM)

MCEM Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	252.15	268.05	262.76	232.6	211.85	188.83
Revenue Growth (YoY)	-4.22%	2.02%	12.97%	9.79%	12.19%	9.72%
Cost of Revenue	159.76	169.66	170.53	160.83	146.98	128.58
Gross Profit	92.39	98.4	92.22	71.77	64.87	60.24
Selling, General & Admin	23.52	23.48	21.27	18.84	18.6	16.7
Operating Expenses	24.42	24.38	22.17	19.84	19.4	17.6
Operating Income	67.97	74.02	70.06	51.93	45.48	42.64
Interest Expense	-	-0	-0.01	-0.01	-0	-0
Interest & Investment Income	2.83	3.98	2.99	1.7	2.91	0.6
Earnings From Equity Investments	2.79	1.6	2	1.18	1.31	1.3
Other Non Operating Income (Expenses)	1.41	2.19	0.9	0.26	0.75	1.19
EBT Excluding Unusual Items	75	81.78	75.94	55.07	50.45	45.73
Gain (Loss) on Sale of Investments	4.72	5.09	16.87	-2.48	23.82	-2.83
Gain (Loss) on Sale of Assets	1.81	1.81	-	-	-	-
Pretax Income	81.53	88.68	92.81	52.59	74.27	42.89
Income Tax Expense	22.2	22.63	19.12	11.71	14.57	8.06
Net Income	59.33	66.05	73.69	40.88	59.7	34.84
Net Income to Common	59.33	66.05	73.69	40.88	59.7	34.84
Net Income Growth	-10.73%	-10.37%	80.28%	-31.53%	71.38%	5.20%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	0.76%	-0.89%	-1.71%	-0.32%	-2.15%	-0.06%
EPS (Basic)	16.00	18.02	19.92	10.86	15.81	9.03
EPS (Diluted)	16.00	18.02	19.92	10.86	15.81	9.03
EPS Growth	-11.41%	-9.56%	83.42%	-31.31%	75.15%	5.27%
Free Cash Flow	36.79	29.09	24.79	15.06	29.62	23.69
Free Cash Flow Per Share	9.92	7.94	6.70	4.00	7.84	6.14
Dividend Per Share	3.080	2.930	2.650	2.380	2.200	2.000
Dividend Growth	10.39%	10.57%	11.34%	8.18%	10.00%	8.11%
Gross Margin	36.64%	36.71%	35.10%	30.86%	30.62%	31.90%
Operating Margin	26.96%	27.61%	26.66%	22.32%	21.47%	22.58%
Profit Margin	23.53%	24.64%	28.05%	17.57%	28.18%	18.45%
Free Cash Flow Margin	14.59%	10.85%	9.43%	6.48%	13.98%	12.55%
EBITDA	86.25	91.43	86.61	67.85	60.51	58.3
EBITDA Margin	34.21%	34.11%	32.96%	29.17%	28.56%	30.88%
D&A For EBITDA	18.28	17.42	16.55	15.93	15.04	15.66
EBIT	67.97	74.02	70.06	51.93	45.48	42.64
EBIT Margin	26.96%	27.61%	26.66%	22.32%	21.47%	22.58%
Effective Tax Rate	27.23%	25.52%	20.60%	22.27%	19.62%	18.79%

Updated Mar 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.