Meggitt Gross profit (H1, 2018)344.4 M

Meggitt Gross profit margin (H1, 2018), %36.2%

Meggitt Net income (H1, 2018)90.4 M

Meggitt EBIT (H1, 2018)123.8 M

Meggitt Cash, 30-Jun-2018103.7 M

Meggitt revenue was £2.03 b in FY, 2017 which is a 1.8% year over year increase from the previous period.

Meggitt revenue breakdown by business segment: 12.9% from Meggitt Equipment Group, 25.4% from Meggitt Sensing Systems, 16.6% from Meggitt Polymers & Composites, 26.0% from Meggitt Control Systems and 19.1% from Meggitt Aircraft Braking Systems

GBP | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|

## Revenue | 1.6 b | 1.6 b | 2 b | 2 b |

| (5%) | 6% | 21% | 2% |

## Cost of goods sold | 935.9 m | 997.2 m | 1.2 b | 1.2 b |

## Gross profit | 617.8 m | 650 m | 775.2 m | 793.3 m |

| 40% | 39% | 39% | 39% |

## R&D expense | 85.4 m | 92.4 m | ||

## Operating expense total | 381.6 m | 413.4 m | 541.5 m | 489.1 m |

## EBIT | 304.2 m | |||

| 15% | |||

## Interest expense | 43.2 m | |||

## Interest income | 1.4 m | |||

## Pre tax profit | 208.9 m | 210.2 m | 195.5 m | 262.4 m |

## Income tax expense | 31.9 m | 28.1 m | 24.3 m | (87.6 m) |

## Net Income | 177 m | 182.1 m | 171.2 m | 350 m |

- Source: Company Filings

GBP | H1, 2015 | H1, 2016 | H1, 2017 | H1, 2018 |
---|---|---|---|---|

## Revenue | 793.7 m | 882.9 m | 968.1 m | 952.2 m |

## Cost of goods sold | 473.5 m | 547.4 m | 586.9 m | 607.8 m |

## Gross profit | 320.2 m | 335.5 m | 381.2 m | 344.4 m |

| 40% | 38% | 39% | 36% |

## R&D expense | 76.6 m | 65.7 m | ||

## Operating expense total | 190.7 m | 272.5 m | 173 m | 220.6 m |

## EBIT | 123.8 m | |||

| 13% | |||

## Pre tax profit | 115.8 m | 46.6 m | 185.5 m | 1.1 b |

## Income tax expense | 16.2 m | 4.5 m | 24.9 m | (14.8 m) |

## Net Income | 99.6 m | 42.1 m | 160.6 m | 90.4 m |

- Source: Company Filings

GBP | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|

## Cash | 145.4 m | 173.8 m | 118.5 m |

## Accounts Receivable | 353.7 m | 434.5 m | 428.4 m |

## Inventories | 415.2 m | 468.5 m | 452.7 m |

## Current Assets | 928.2 m | 1.1 b | 972.3 m |

## PP&E | 290.3 m | 336.9 m | 406.8 m |

## Goodwill | 1.9 b | 2.1 b | 1.9 b |

## Total Assets | 4.5 b | 5.3 b | 4.6 b |

## Accounts Payable | 402.1 m | 464 m | 406.1 m |

## Short-term debt | 4 m | 175.7 m | 71.4 m |

## Current Liabilities | 492.2 m | 760.2 m | 645.9 m |

## Long-term debt | 1.2 b | 1.2 b | 1 b |

## Non-Current Liabilities | 1.6 b | ||

## Total Debt | 1.2 b | 1.3 b | 1.1 b |

## Total Liabilities | 2.4 b | 2.9 b | 2.3 b |

## Common Stock | 38.8 m | 38.8 m | 38.8 m |

## Additional Paid-in Capital | 1.2 b | 1.2 b | 1.2 b |

## Retained Earnings | 71 m | 630.6 m | 642.7 m |

## Total Equity | 2.2 b | 2.5 b | 2.3 b |

## Debt to Equity Ratio | 0.5 x | 0.5 x | 0.5 x |

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.2 x |

## Financial Leverage | 2.1 x | 2.2 x | 2 x |

GBP | H1, 2015 | H1, 2016 | H1, 2017 | H1, 2018 |
---|---|---|---|---|

## Cash | 95.3 m | 61.2 m | 96.6 m | 103.7 m |

## Accounts Receivable | 309.9 m | 393.8 m | 406.7 m | 411.9 m |

## Inventories | 359.1 m | 496.5 m | 469.7 m | 452.7 m |

## Current Assets | 771 m | 957.5 m | 981 m | 1 b |

## PP&E | 254.2 m | 313.4 m | 323.9 m | 405.3 m |

## Goodwill | 1.5 b | 2 b | 2 b | 2 b |

## Total Assets | 3.9 b | 4.9 b | 5 b | 4.7 b |

## Accounts Payable | 330.7 m | 377.9 m | 391.7 m | 389.4 m |

## Short-term debt | 25.4 m | 15.3 m | 200.6 m | 63.1 m |

## Current Liabilities | 424.7 m | 492.4 m | 716.6 m | 632.3 m |

## Long-term debt | 776.2 m | 1.3 b | 1 b | 1.1 b |

## Non-Current Liabilities | 1.7 b | |||

## Total Debt | 801.6 m | 1.3 b | 1.2 b | 1.1 b |

## Total Liabilities | 1.9 b | 2.6 b | 2.5 b | 2.3 b |

## Common Stock | 39.1 m | 38.8 m | 38.8 m | 38.8 m |

## Additional Paid-in Capital | 1.2 b | 1.2 b | 1.2 b | 1.2 b |

## Retained Earnings | 643.1 m | 574.8 m | 732.6 m | 688.2 m |

## Total Equity | 2.1 b | 2.3 b | 2.5 b | 2.4 b |

## Debt to Equity Ratio | 0.4 x | 0.6 x | 0.5 x | |

## Debt to Assets Ratio | 0.2 x | 0.3 x | 0.2 x | |

## Financial Leverage | 1.9 x | 2.1 x | 2 x | 2 x |

GBP | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|

## Cash From Operating Activities | 375.4 m | 321.8 m | 377.2 m |

## Purchases of PP&E | (45.8 m) | (51.7 m) | (62 m) |

## Cash From Investing Activities | (539.6 m) | (130.9 m) | (130.8 m) |

## Long-term Borrowings | (224.2 m) | ||

## Dividends Paid | (111.1 m) | (113 m) | (118.6 m) |

## Cash From Financing Activities | 202 m | (185.7 m) | (296.9 m) |

## Net Change in Cash | 37.8 m | 5.2 m | (50.5 m) |

GBP | H1, 2015 | H1, 2016 | H1, 2017 | H1, 2018 |
---|---|---|---|---|

## Cash From Operating Activities | 129.1 m | 58.8 m | 85.1 m | 88.2 m |

## Purchases of PP&E | (22.8 m) | (22.2 m) | (28.4 m) | (29.4 m) |

## Cash From Investing Activities | (90 m) | (89.7 m) | 500 k | (28.2 m) |

## Long-term Borrowings | 108.1 m | 100.7 m | ||

## Dividends Paid | (75.6 m) | (75.8 m) | (79.6 m) | (83.3 m) |

## Cash From Financing Activities | (48 m) | (59.7 m) | (160.4 m) | (73.9 m) |

## Net Change in Cash | (8.9 m) | (90.6 m) | (74.8 m) | (13.9 m) |

GBP | Y, 2018 |
---|---|

## Financial Leverage | 2 x |

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FY, 2014 | H1, 2015 | FY, 2015 | H1, 2016 | FY, 2016 | May, 2017 | H1, 2017 | FY, 2017 | H1, 2018 | |
---|---|---|---|---|---|---|---|---|---|

## Order Volume | £1.61 b | £775.30 m | £1.63 b | £911.80 m | £1.99 b | £966.80 m | £2.08 b | £1.09 b | |

## Business Jet Delivery | 646 | 621 | |||||||

## Business Jets | 19 k | 19 k | |||||||

## Facilities | 27 | ||||||||

## Jet Fleet | 22 k | 23 k | |||||||

## Large Jet Delivery | 1.45 k | 1.51 k | |||||||

## Manufacturing Facilities | 51 | 48 | |||||||

## Meggitt Aircraft Braking Systems | 35 k | 35 k | |||||||

## Regional Aircraft Delivery | 259 | 268 | |||||||

## Regional Aircraft Fleet | 6 k | 6 k |

- Source: Company Filings

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