Morguard Corp
TSX:MRC

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Morguard Corp
TSX:MRC
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Price: 115.7 CAD -2.37%
Market Cap: 1.3B CAD
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Income Statement

Earnings Waterfall
Morguard Corp

Revenue
1.1B CAD
Cost of Revenue
-452.1m CAD
Gross Profit
697.8m CAD
Operating Expenses
-150.4m CAD
Operating Income
547.4m CAD
Other Expenses
-349m CAD
Net Income
198.4m CAD

Income Statement
Morguard Corp

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Income Statement
Currency: CAD
Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
560
N/A
566
+1%
645
+14%
725
+12%
804
+11%
884
+10%
897
+2%
907
+1%
916
+1%
922
+1%
961
+4%
1 009
+5%
1 058
+5%
1 114
+5%
1 118
+0%
1 147
+3%
1 161
+1%
1 175
+1%
1 191
+1%
1 187
0%
1 193
+0%
1 193
+0%
1 195
+0%
1 134
-5%
1 086
-4%
1 044
-4%
999
-4%
1 012
+1%
1 032
+2%
1 045
+1%
1 063
+2%
1 092
+3%
1 120
+3%
1 137
+1%
1 165
+2%
1 188
+2%
1 201
+1%
1 224
+2%
1 213
-1%
1 185
-2%
1 150
-3%
Gross Profit
Cost of Revenue
(204)
(235)
(243)
(271)
(300)
(324)
(330)
(335)
(340)
(287)
(277)
(265)
(253)
(289)
(297)
(299)
(302)
(315)
(324)
(325)
(325)
(317)
(323)
(326)
(332)
(349)
(347)
(346)
(341)
(433)
(349)
(355)
(362)
(479)
(421)
(453)
(491)
(501)
(494)
(474)
(452)
Gross Profit
356
N/A
331
-7%
402
+21%
455
+13%
504
+11%
560
+11%
567
+1%
572
+1%
576
+1%
635
+10%
684
+8%
744
+9%
805
+8%
825
+2%
821
-1%
848
+3%
859
+1%
860
+0%
867
+1%
863
-1%
868
+1%
876
+1%
872
0%
809
-7%
754
-7%
695
-8%
652
-6%
666
+2%
691
+4%
612
-11%
714
+17%
737
+3%
758
+3%
658
-13%
744
+13%
734
-1%
709
-3%
723
+2%
719
0%
711
-1%
698
-2%
Operating Income
Operating Expenses
(110)
(74)
(126)
(124)
(131)
(124)
(126)
(107)
(111)
(155)
(200)
(262)
(303)
(300)
(334)
(311)
(317)
(319)
(325)
(332)
(334)
(335)
(317)
(273)
(234)
(202)
(179)
(197)
(210)
(131)
(288)
(249)
(260)
(134)
(215)
(179)
(146)
(149)
(149)
(147)
(150)
Selling, General & Administrative
(70)
(69)
(71)
(71)
(72)
(73)
(76)
(80)
(84)
(87)
(86)
(85)
(86)
(83)
(84)
(85)
(88)
(93)
(98)
(96)
(97)
(94)
(77)
(71)
(61)
(60)
(69)
(78)
(80)
(80)
(81)
(74)
(78)
(78)
(79)
(85)
(85)
(87)
(89)
(88)
(88)
Depreciation & Amortization
(5)
0
(6)
(6)
(7)
0
(9)
(10)
(10)
0
(7)
(6)
(4)
0
(5)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
(34)
(5)
(50)
(46)
(51)
(52)
(40)
(18)
(17)
(69)
(106)
(171)
(213)
(217)
(245)
(226)
(230)
(226)
(228)
(235)
(237)
(241)
(240)
(203)
(174)
(143)
(110)
(119)
(130)
(50)
(207)
(175)
(182)
(56)
(136)
(94)
(61)
(62)
(60)
(60)
(62)
Operating Income
246
N/A
257
+4%
276
+8%
331
+20%
374
+13%
436
+17%
441
+1%
465
+5%
466
+0%
480
+3%
484
+1%
482
0%
502
+4%
525
+5%
487
-7%
537
+10%
542
+1%
542
+0%
542
+0%
531
-2%
535
+1%
541
+1%
555
+3%
536
-3%
520
-3%
493
-5%
473
-4%
469
-1%
481
+3%
481
+0%
426
-11%
487
+14%
498
+2%
524
+5%
529
+1%
555
+5%
563
+1%
573
+2%
570
0%
564
-1%
547
-3%
Pre-Tax Income
Interest Income Expense
44
(37)
(87)
(147)
(189)
(253)
(249)
(182)
(162)
(166)
(143)
(44)
(130)
(101)
(10)
(131)
(110)
(96)
(147)
(178)
(188)
(248)
(489)
(636)
(719)
(829)
(607)
(462)
(271)
(28)
219
432
335
(380)
(695)
(890)
(1 014)
(503)
(519)
(556)
(466)
Non-Reccuring Items
0
(16)
0
0
0
0
0
0
0
4
0
0
0
(25)
0
(31)
(31)
(30)
(31)
(24)
(45)
(24)
(43)
(44)
(28)
(33)
(12)
(40)
(52)
(45)
0
(17)
(0)
(9)
0
(9)
2
11
162
162
151
Pre-Tax Income
290
N/A
204
-30%
190
-7%
184
-3%
185
+1%
182
-1%
192
+5%
283
+47%
304
+7%
317
+4%
342
+8%
438
+28%
372
-15%
400
+7%
477
+19%
374
-22%
401
+7%
416
+4%
364
-13%
328
-10%
302
-8%
269
-11%
22
-92%
(145)
N/A
(228)
-57%
(369)
-62%
(146)
+60%
(32)
+78%
159
N/A
408
+157%
646
+58%
902
+40%
833
-8%
135
-84%
(165)
N/A
(343)
-107%
(448)
-30%
82
N/A
213
+161%
170
-20%
232
+37%
Net Income
Tax Provision
(73)
(67)
(75)
(70)
(81)
(79)
(81)
(110)
(112)
(107)
(111)
(121)
(103)
(134)
(118)
(99)
(94)
(72)
(72)
(57)
(51)
(37)
(9)
17
31
70
11
(21)
(69)
(151)
(175)
(200)
(184)
(23)
15
40
79
(23)
(7)
(4)
(49)
Income from Continuing Operations
217
137
115
114
104
104
111
173
192
210
230
317
270
266
359
275
307
344
292
272
251
232
14
(128)
(197)
(299)
(136)
(53)
90
257
470
702
649
112
(151)
(303)
(368)
58
206
166
183
Income to Minority Interest
(1)
(1)
(11)
(3)
(19)
(23)
(32)
(51)
(42)
(37)
(35)
(51)
(40)
(34)
(26)
(18)
(30)
(24)
(21)
(1)
8
(2)
46
85
117
151
106
67
28
(7)
(30)
(45)
(28)
11
33
42
46
16
33
37
15
Net Income (Common)
216
N/A
137
-37%
104
-24%
111
+6%
85
-23%
81
-6%
80
-1%
123
+54%
150
+23%
173
+15%
196
+13%
265
+36%
230
-13%
310
+35%
411
+33%
335
-18%
354
+6%
320
-10%
271
-15%
271
+0%
259
-4%
230
-11%
60
-74%
(43)
N/A
(80)
-85%
(148)
-86%
(29)
+80%
14
N/A
118
+767%
250
+112%
441
+77%
657
+49%
621
-5%
123
-80%
(118)
N/A
(261)
-121%
(322)
-23%
74
N/A
239
+223%
203
-15%
198
-2%
EPS (Diluted)
17.23
N/A
10.92
-37%
8.44
-23%
8.99
+7%
6.99
-22%
6.58
-6%
6.62
+1%
10.29
+55%
12.61
+23%
14.51
+15%
16.43
+13%
22.29
+36%
19.28
-14%
26.05
+35%
35.73
+37%
29.39
-18%
31.07
+6%
28.06
-10%
23.94
-15%
23.98
+0%
22.92
-4%
20.38
-11%
5.25
-74%
-3.84
N/A
-7.08
-84%
-13.23
-87%
-2.63
+80%
1.24
N/A
10.63
+757%
22.5
+112%
39.71
+76%
59.19
+49%
55.99
-5%
11.08
-80%
-10.72
N/A
-23.8
-122%
-29.81
-25%
6.8
N/A
22.13
+225%
18.81
-15%
18.34
-2%

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