Motley Fool yashinzwe n'abavandimwe Tom na David Gardner mu 1993. Binyuze ku rubuga rwacu, podcast, ibitabo, inkingi z’ibinyamakuru, gahunda za radiyo na serivisi zishoramari nziza, dufasha abantu babarirwa muri za miriyoni kugera ku bwisanzure bw’amafaranga.
Murakaza neza kandi ndabashimira inkunga mutanze. Kuri iyi ngingo, abitabiriye amahugurwa bose bari muburyo bwo gutegera gusa kugeza uyu munsi Q&A isomo. [Amabwiriza ya Operator] Ndashaka kumenyesha impande zose ko inama yuyu munsi yanditswe. Niba ufite inzitizi zose, urashobora guhagarika iki gihe.
Mwaramutse mwese. Ndabashimira ko mwitabiriye igihembwe cya kane nimpera-yingengo yimari ya 2021 ihamagarwa ryibicuruzwa byo mu mazi bya Mueller. Ku munsi w'ejo nyuma ya saa sita, twasohoye itangazo rigaragaza ibyavuye mu bikorwa byacu mu gihembwe kizarangira ku ya 30 Nzeri 2021. Kopi y'itangazo urashobora kuyisanga ku rubuga rwacu rwa interineti www.muellerwaterproducts.com.
Scott Hall, Perezida wacu akaba n'Umuyobozi mukuru; umuyobozi mukuru ushinzwe imari, Martie Zakas azaganira ku gihembwe cya kane n’ibisubizo by’umwaka wose, amasoko arangira, n'ibiteganijwe mu mwaka w'ingengo y'imari wa 2022.
Ihamagarwa ryiki gitondo rirandikwa kandi imbuga nkoranyambaga kuri interineti. Twasohoye kandi amashusho kurubuga rwacu kugirango duherekeze ibiganiro byuyu munsi kandi dukemure ibyatangajwe imbere hamwe nibisabwa bitari GAAP.
Muri iki kibazo, nyamuneka reba ku gishushanyo cya 2. Iyi slide iragaragaza ibipimo by’imari bitari GAAP byavuzwe mu itangazo ryashyizwe ahagaragara, amashusho, hamwe niyi nama ihamagarwa, ikanagaragaza impamvu twemera ko ibipimo bitanga amakuru yingirakamaro kubashoramari. Ubwiyunge hagati yingamba zamafaranga zitari GAAP na GAAP zikubiye mubitangaza makuru hamwe namakuru yinyongera kurubuga rwacu.
Igice cya 3 cyerekana amagambo-yerekanwe imbere yavuzwe mugihe cyo guhamagarwa. Uru rupapuro rurimo amakuru yo kwitondera agaragaza ibintu byingenzi bishobora gutera ibisubizo nyabyo gutandukana mubintu bitandukanye nibiri mubitekerezo biri imbere. Nyamuneka suzuma ibice 2 na 3 byuzuye.
Muri iyi nama hamagara, keretse bivuzwe ukundi, ibyerekeranye numwaka cyangwa igihembwe runaka bivuga umwaka wingengo yimari, uzarangira ku ya 30 Nzeri.
Hamagara 1-800-834-5839 kugirango usubiremo guhamagara inama mugitondo muri minsi 30. Urubuga rwabitswe hamwe na slide bihuye bizaboneka mugice cyumubano wabashoramari kurubuga rwacu byibuze iminsi 90.
Urakoze, Whit. Urakoze kwifatanya natwe uyu munsi. Nizere ko umuntu wese uzumva umuhamagaro wacu azakomeza kugira umutekano nubuzima bwiza. Igihembwe cya kane cyarangiye umwaka ukomeye utatengushye, kandi nubwo icyorezo gikomeje kubaho nizindi mbogamizi, twageze kuriyi ntego. Usibye icyorezo, twahuye n'inzitizi nyinshi mu mwaka ushize, harimo kwiyongera gukabije kw'ibikoresho fatizo n'ibindi biciro, ihungabana ry'itangwa ry'ibibazo ndetse n'ikibazo cyo gutanga akazi, byagize ingaruka ku bikorwa byacu no mu mikorere mu gihembwe cya kane.
Ndashaka gushimira abagize itsinda ryacu bose kubwo kwihangana n'ubwitange mu mwaka ushize kuko bakomeje gukora muri ibi bikorwa bitigeze bibaho.
Ibicuruzwa byacu byahujwe mu gihembwe cya kane byiyongereyeho 11.4% naho umwaka wose wiyongera 15.2%. Nyuma yo kwiyongera kwagurishijwe mu gihembwe cya gatatu, twabonye ibikenewe cyane mu gihembwe cya kane, bitewe nubwubatsi bushya bwo guturamo hamwe n’ibikorwa byo gusana no gusimbuza amakomine. Ugereranije n’urwego rwabanjirije icyorezo, ibicuruzwa mu gihembwe cya kane biracyari hejuru, kandi ibirarane by’ibikorwa remezo mu mpera zumwaka byageze ku rwego rwo hejuru.
Nubwo igabanuka rya EBITDA ryagabanutse mu gihembwe cya kane byatewe ahanini n’ibikorwa bitoroshye, twageze ku iterambere 6.8% muri uyu mwaka. Nubwo twageze ku ntera mu biciro by’ibicuruzwa byinshi mu gihembwe, ibi ntibyari bihagije kugira ngo ihungabana ry’ifaranga ryiyongere. Turateganya ko ibikorwa byacu byigiciro kirenze ifaranga ryateganijwe muri 2022, tuvuze ko ibiciro bitazarenga urwego rwubu.
Byongeye kandi, mu gihembwe, ibicuruzwa byacu byihariye bya valve byahuye nigihe kinini cyo gutanga ibicuruzwa, gutinda kohereza ibicuruzwa, kandi kuvugurura uruganda rwacu byatewe no guhagarika amasoko hamwe n’ibibazo by’umurimo. Nishimiye cyane cyane amafaranga yinjira muri uyu mwaka. Twinjije miliyoni 94 z'amadolari y'amanyamerika ku buntu. Nyuma yo kubona Amazi ya i2O kuri miliyoni 19.7 US $ no gukwirakwiza miliyoni 44.8 US $ kubanyamigabane, umwanya wamafaranga mumpera zumwaka wari ukomeye kuruta umwaka ushize.
Twaguze miliyoni 10 zamadorali yimigabane rusange mugihembwe cya kane kandi duherutse gutangaza ko inyungu ziyongereyeho 5.5%. Muri rusange, nubwo isozwa ryuyu mwaka ryatengushye duhereye ku mpinduka z’imihindagurikire, twageze ku izamuka rikomeye ry’amafaranga kandi dukomeje kwibanda ku gutsinda ibibazo by’imikorere.
Twizera ko ibirarane byacu byibicuruzwa byigihe gito, hamwe no guteganijwe kugerwaho n’ibiciro biri hejuru, bizadufasha kugera ku bicuruzwa biva mu mahanga no guhindura iterambere rya EBITDA mu 2022. Byongeye kandi, imishinga yacu itatu minini igiye kurangira, kandi nibamara kuzamuka, turateganya gutwara inyungu nini.
Nizera ko mugihe duhindutse isosiyete ikora ibijyanye n’amazi ku rwego rw’isi itanga ibisubizo ku bikorwa remezo by’amazi akomeye, turi mu mwanya mwiza wo kwihutisha ingamba no kunoza umuco wo gushyira mu bikorwa.
Hamwe nibi, nzohereza ihamagarwa rya Marty kugirango tuganire ku gihembwe cya kane ndetse numwaka wose wa 2021.
Urakoze, Scott, mwaramutse mwese. Nizere ko wowe n'umuryango wawe mukomeje kugira umutekano n'ubuzima bwiza. Nzatangirana na GAAP hamwe nibisubizo byubukungu bitari GAAP mugihembwe cya kane cya 2021, hanyuma nsubiremo imikorere yishami ryacu, hanyuma amaherezo tuganire kumafaranga yacu.
Mu gihembwe cya kane, ibicuruzwa byacu byahurijwe hamwe byari miliyoni 295.6 US $, byiyongereyeho miliyoni 30.3 US $ cyangwa 11.4% ugereranije n’igihembwe cya kane cy’umwaka ushize. Iri zamuka ryatewe ahanini no kohereza ibicuruzwa no kuzamuka kw'ibiciro remezo. Ugereranije n’igihembwe cya kane cya 2019 mbere y’icyorezo, ibicuruzwa byacu byahujwe byiyongereyeho 10.8%, byerekana iterambere ry’isoko rya nyuma.
Ugereranije n'igihembwe cya kane cy'umwaka ushize, inyungu rusange muri iki gihembwe yagabanutseho miliyoni 7.6 z'amadolari ya Amerika, ni ukuvuga 8.1%, igera kuri miliyoni 86.3 z'amadolari y'Amerika, hamwe n'inyungu rusange ya 29.2%. Inyungu rusange yagabanutseho amanota 620 y'umwaka ushize. Kuzamuka kw'ibiciro remezo no kongera ibicuruzwa byoherejwe byatewe no kuzamuka kw'ifaranga ndetse n'imikorere idahwitse y'inganda, harimo ibibazo by'abakozi, ihungabana ry'amasoko n'ingaruka zo kuvugurura uruganda rwacu.
Ibiciro byacu byose byiyongereyeho 18% umwaka-ku-mwaka muri iki gihembwe, ahanini bitewe n’ubwiyongere bw’ibikoresho fatizo, kandi igiciro cy’ibikoresho fatizo cyiyongereye ukwezi-ku-kwezi-ku-mwaka. Ibikoresho byibanze byingenzi ni ibyuma bishaje hamwe nibikoresho bikozwe mu muringa, ibiciro byiyongereyeho hejuru ya 50% umwaka ushize.
Nubwo ibiciro byacu byazamutse kuva mu gihembwe cyashize, umubano / igiciro cyacu wabaye mubi mugihembwe cya gatatu gikurikiranye. Urebye kwihuta kw'ibiciro fatizo muri iki gihembwe, umubano / igiciro ntiwigeze uhinduka nkuko byari byitezwe kubera ifaranga. Scott azaganira ku buryo burambuye abashoferi bagabanuka ku nyungu rusange ugereranije n'ibiteganijwe nyuma mu guhamagarwa kw'inama.
Amafaranga yagurishijwe, rusange n’ubuyobozi mu gihembwe yari miliyoni 56.6 US $, yiyongereyeho miliyoni 4.5 US $ mu mwaka ushize. Impamvu nyamukuru yo kwiyongera kwari ishoramari, harimo kugura i2O Amazi, ibikorwa bijyanye na IT hamwe n’ibiciro bijyanye n’abakozi, no guhindura amafaranga yo kuzigama ya T&E by'agateganyo ajyanye n'icyorezo n'ifaranga rusange. Ijanisha rya SG & A mu gihembwe cya kane ryari 19.1%, ugereranije na 19,6% mugihe kimwe cyumwaka ushize.
Amafaranga yinjije mu gihembwe cya kane yari miliyoni 27.8 US $, yagabanutseho miliyoni 12.9 US $, ni ukuvuga 31.7%, ugereranije na miliyoni 40.7 US $ mu gihe kimwe n’umwaka ushize. Amafaranga yinjira mu gihembwe yarimo kuvugurura ingamba n’ibindi byakoreshejwe miliyoni 1.9 US $, cyane cyane bijyanye no kuvugurura uruganda twatangaje mbere.
Noneho duhindukire kubisubizo byacu bitari GAAP. Amafaranga yagenwe yinjiza yari miliyoni 29.7 US $, yagabanutseho miliyoni 12.1 US $ cyangwa 28.9% ugereranije na miliyoni 41.8 US $ mugihe kimwe cyumwaka ushize. Ifaranga ryinshi, imikorere mibi yinganda, hamwe nigiciro kinini cya SG&A kigabanya ibiciro biri hejuru no kwiyongera kwibikorwa remezo.
EBITDA yahinduwe yari miliyoni 45,6 US $, igabanuka rya miliyoni 12 US $ cyangwa 20.8%. Amafaranga ya EBITDA yahinduwe yari 15.4%, amanota 630 yibanze ugereranije numwaka ushize. Umwaka wose wa 2021, EBITDA twahinduye yari miliyoni 203.6 US $, yiyongereyeho 6.8%, naho EBITDA yahinduwe yari 18.4%.
Amafaranga akoreshwa mu nyungu mu gihembwe cya kane cya 2021 yagabanutse agera kuri miliyoni 4.4 US $ kuva kuri miliyoni 6 US $ mu gihe kimwe n’umwaka ushize. Kugabanuka kw'inyungu zisohoka mu gihembwe byatewe ahanini no kugabanuka kw'inyungu bitewe no gutera inkunga 5.5% by'inoti nkuru na 4% by'inoti nkuru.
Igipimo cy’imisoro cyiza mu gihembwe cyari 24.3%, ugereranije na 24.8% umwaka ushize. Umwaka wose, igipimo cyimisoro cyiza cyari 25.8%, ugereranije na 23.5% mumwaka ushize. Muri iki gihembwe, amafaranga twinjije kuri buri mugabane yari $ 0.12, ugereranije na $ 0.17 mugihe kimwe cyumwaka ushize.
Noneho hindukira kumikorere yibice, utangire nibikorwa remezo. Ibicuruzwa remezo byagurishijwe byari miliyoni 271.9 US $, byiyongereyeho miliyoni 29.9 US $ cyangwa 12.4% mugihe cyumwaka ushize, bitewe ahanini n’ibyoherezwa mu mahanga, cyane cyane hydrants y’umuriro, ibyuma by’irembo ry’ibyuma, imiringa ya serivisi n’ibicuruzwa byo gusana n’ibiciro biri hejuru.
Amafaranga yinjiye yagenwe yari miliyoni 46.2 US $, igabanuka rya miliyoni 10.6 US $ cyangwa 18.7% muri iki gihembwe, bitewe n’izamuka ry’ifaranga, imikorere mibi y’inganda ndetse no kongera amafaranga ya SG&A byuzuza igice gusa bitewe n’ibiciro biri hejuru no kongera ibicuruzwa. EBITDA yahinduwe yari miliyoni 59.3 US $, igabanuka rya miliyoni 10.3 US $, ni ukuvuga 14.8%, naho EBITDA yahinduwe yari 21.8%. Amafaranga yahinduwe na EBITDA yumwaka yari 25.2%.
Hindura ikoranabuhanga. Ikoreshwa rya Technologies ryinjije miliyoni 23.7 z'amadolari ya Amerika, ryiyongereyeho 1,7% mu mwaka ushize, bitewe ahanini no kubona amazi ya i2O. Igicuruzwa cy’ibicuruzwa cyagabanutseho gato ugereranije n’umwaka ushize, kubera ko ibiciro byo hejuru byagabanijwe n’igurisha rito. Igihombo cyahinduwe cyari miliyoni 4.3 US $, mugihe igihombo cyahinduwe cyumwaka ushize cyari miliyoni 2.3 USD. Iri zamuka ryatewe ahanini n’imikorere itari myiza, harimo guhindura ibarura, kongera amafaranga ajyanye no kubona Amazi ya i2O, no kuzamuka kw’ifaranga, ariko byagabanijwe igice kubera izamuka ry’ibiciro. Igihombo cya EBITDA cyahinduwe mu buryo bwa tekiniki cyari miliyoni 2.4 US $, mugihe igihombo cya EBITDA cyahinduwe cyumwaka ushize cyari US $ 200,000.
Komeza kuvuga kubyerekeye amafaranga agenda. Umwaka urangiye ku ya 30 Nzeri 2021, amafaranga yatanzwe n’ibikorwa yakoraga yiyongereyeho miliyoni 16.4 USD agera kuri miliyoni 156.7 USD, ahanini bitewe n’umusoro wa miliyoni 22 USD watanzwe na Walter Energy umwaka ushize. Kugeza ku ya 30 Nzeri 2021, imari shingiro yacu yagabanutseho miliyoni 11.3 US $ igera kuri miliyoni 207.1 US $. Ijanisha ry’imari shoramari ikora kugeza kugurisha ryiyongereye kuva kuri 22.7% kugera kuri 18,6%, bitewe ahanini n’iyongera ry’ibicuruzwa.
Twashoye miliyoni 16.6 z'amadolari mu gukoresha imari shingiro mu gihembwe cya kane, twiyongera ku mwaka wose twakoresheje kuva kuri miliyoni 67.7 z'amadolari y'umwaka ushize ugera kuri miliyoni 62.7. Kugabanuka kw'amafaranga yakoreshejwe muri uyu mwaka ari munsi yubuyobozi buvuguruwe, bitewe ahanini no gutinda kw'amafaranga yakoreshejwe ateganijwe kubera ihungabana ry'amasoko, harimo n'amafaranga yakoreshejwe mu mishinga yacu minini.
Amafaranga yinjira mu buntu ku mwaka yiyongereyeho miliyoni 21.4 US $ agera kuri miliyoni 94 US $, arenga ku nyungu zahinduwe. Kugeza ku ya 30 Nzeri 2021, amadeni yacu yose yari miliyoni 446.9 US $, naho amafaranga ahwanye na miliyoni 227.5 US $.
Mu mpera z'igihembwe cya kane, igipimo cy’inguzanyo zishingiye ku nguzanyo cyiyongereye kuva ku nshuro 1.3 mu mpera z'umwaka ushize kigera ku 1.1. Ntabwo twigeze tuguriza mu masezerano ya ABL mu mpera z'umwaka, kandi nta nguzanyo twigeze tuguriza muri ABL yacu mu mwaka. Nkwibutse, kuri ubu nta mwenda dufite mbere ya Kamena 2029.
Inoti yacu ya premium 4% ntabwo ifite amasezerano yo kubungabunga imari, kandi keretse turenze igipimo ntarengwa cyo kuboneka, amasezerano yacu ya ABL ntabwo agengwa namasezerano yo kubungabunga imari. Dukurikije imibare yo ku ya 30 Nzeri 2021, dukurikije amasezerano ya ABL, dufite hafi miliyoni 158.7 z’amadolari y’Amerika yo kuboneka birenze urugero, ibyo bigatuma ibicuruzwa byacu byose bigera kuri miliyoni 386.2.
Muri make, dukomeje kugira impapuro zingana kandi zoroshye, hamwe nubushobozi buhagije hamwe nubushobozi bwo gushyigikira amahirwe yo kugabana imari. Scott, garuka iwanyu.
Urakoze, Marty. Nzavuga kubisubizo byigihembwe cya kane, imiterere mishya yubuyobozi, amasoko yanyuma hamwe nu mwaka wose wa 2022. Nyuma yibyo, tuzafungura terefone kugirango tubaze ibibazo.
Nkuko byavuzwe haruguru, mu gihembwe hari ibibazo bitari bike byagize ingaruka ku nyungu rusange kandi bituma habaho ihinduka rya EBITDA ryahinduwe nabi, ibyo bikaba byari munsi yibyo twari twiteze. Ikinyuranyo rusange ni hafi miliyoni 15 US $, kandi ibibazo byakazi birenga kimwe cya gatatu cyicyuho. Ifaranga ryinshi, ibicuruzwa bitwara ibicuruzwa n’amashanyarazi hamwe nabyo byarenze kimwe cya gatatu cy icyuho.
Mubindi bintu, imbogamizi zikorwa ryibicuruzwa byihariye bya valve ibicuruzwa portfolio hamwe no guhindura ibarura ribi byagize ingaruka zikomeye. Ibibazo by'umurimo byatumye ibiciro byiyongera bijyanye n'amasaha y'ikirenga, inyungu, no gukora neza. Dutanga ibihembo byinyongera kubagize itsinda ryuruganda kugirango bamenye akazi kabo nubwitange muri ibi bikorwa bigoye cyane.
Byongeye kandi, niyo iterambere ryikingira, icyorezo gikomeje kudutera ibibazo byakazi. Itsinda ryacu ririmo gukorana cyane kugirango dukomeze kunoza umubano n’abakozi no gushimangira imbaraga zacu mu gushaka, guhugura no kugumana. Ifaranga ry'ibikoresho fatizo byakomeje kuba ibintu bitari byiza muri iki gihembwe. Twabonye irindi zamuka ryiyongera ry’ifaranga ry’ibikoresho fatizo, bituma ibyuma bisakara hamwe n’umuringa winjiza ibiciro byazamutse hejuru ya 50% mu mwaka ushize.
Ibiciro fatizo ntibizatangira kwihuta kugeza mu gihembwe cya kabiri cya 2021. Kubwibyo, turateganya ko niba ibiciro bidakomeza kuzamuka, izamuka ry’ibiciro fatizo mu gice cya mbere cy’umwaka bizagira ingaruka zikomeye.
Mubihe byashize, twasohoye neza izamuka ryibiciro nkuko bikenewe kugirango twuzuze igiciro cyifaranga mugihe cyizunguruka. Ibikorwa byacu byibiciro mu mwaka ushize, harimo kuzamura ibiciro ku buntu ku bicuruzwa byinshi, bifasha mu guhagarika ifaranga, kuko tubona izamuka rikabije ry’ibiciro mu gihembwe cya kane. Kubwamahirwe, inyandiko isubira inyuma yongerera igihe kugirango igere ku nyungu zihamye. Kubwibyo, turateganya ko igiciro / igiciro kitazaba cyiza muri buri gihembwe kugeza hagati ya 2022. Muri iki gihe, turateganya ko ibikorwa byacu byigiciro kirenze ifaranga ryateganijwe muri 2022. Iyi myizerere ivuga ko ibiciro byibintu bitagomba kwiyongera kurwego rwubu.
Icyifuzo gikomeye twahuye nacyo cyatumye habaho imikorere idahwitse yinganda, byatewe nubwiyongere bwihuse bwumusaruro, cyane cyane mugice cya kabiri cyuyu mwaka. Mugihe ibyifuzo byiyongera, tugomba gukoresha ibishingwe mugihe cyibihe, bikavamo ibiciro byingufu nyinshi. Guhagarika amasoko byatumye kandi ibiciro byubwikorezi nigihe kinini cyo kugemura kubice bimwe byabandi baguze.
Itsinda ryacu ritanga amasoko ryibanze ku kubona ibikoresho bisabwa mugihe gikwiye no gukora cyane kugirango tubone ubundi buryo igihe bishoboka. Nubwo twizera ko ibikorwa byacu bizadufasha kurushaho kongera ibicuruzwa kugirango tubone ibyo dukeneye, turateganya ko ihungabana ry’ibicuruzwa no gutanga akazi bizakomeza kuba ibintu bibi umwaka utaha.
Mu gihembwe cya kane, ibicuruzwa byihariye bya valve ibicuruzwa byahuye nibibazo bikomeye byo gukora, bingana na 15% byigurishwa ryumwaka. Ibicuruzwa bisanzwe bikoreshwa mumishinga minini hamwe nigihe kirekire cyo kuyobora. Bitewe nigihe kirekire cyo gukora no gutanga, itandukaniro riri hagati yifaranga ryibiciro no kuzamura ibiciro rishobora kurenga amezi icyenda.
Twongeyeho, nkwibutse, twatangaje umushinga munini wo kuvugurura uruganda mugihembwe cya kabiri cya 2021. Icyo gihe, twari twiteze ko ibikorwa bitandukanye bizakorwa. Ibikenewe cyane, ihungabana ry’itangwa n’ibibazo by’umurimo byagize ingaruka ku kohereza ibicuruzwa kandi byongera amafaranga yinzibacyuho yo kuvugurura uruganda rwacu. Turakomeza kwizera ko tuzarangiza byimazeyo inzibacyuho kandi tukayihutisha muri 2023, kandi tukazana inyungu yinyungu.
Duherutse gutangaza imiterere mishya yubuyobozi guhera mu gihembwe cya mbere cya 2022. Imiterere mishya igamije kongera iterambere ryinjira, guteza imbere ibikorwa byiza, kwihutisha iterambere ryibicuruzwa no kuzamura inyungu. Twizera ko imiterere mishya idufasha kuzamura iterambere rirambye no kongera inyungu, mugihe dufasha kwihutisha ubucuruzi bwibicuruzwa byikoranabuhanga hamwe na software ya Sentryx.
Ibice bibiri bishya byitwa ubucuruzi ni Water Flow Solutions hamwe nogucunga amazi. Amazi ya Flow Flow Solutions portfolio arimo amarembo yicyuma, indangagaciro zidasanzwe nibicuruzwa byumuringa. Igicuruzwa cyiza kiva mubucuruzi bwa Water Flow Solutions cyinjije hafi 60% yo kugurisha hamwe muri 2021.
Igihe cyo kohereza: Ugushyingo-11-2021
