Abtech Holdings, Inc. :ABHD-US: Earnings Analysis: Q3, 2016 By the Numbers : November 15, 2016

Abtech Holdings, Inc. reports financial results for the quarter ended September 30, 2016.

We analyze the earnings along side the following peers of Abtech Holdings, Inc. – Thermal Energy International Inc., Flowserve Corporation and Electro-Sensors, Inc. (TMG-CA, FLS-US and ELSE-US) that have also reported for this period.

Highlights

  • Summary numbers: Revenues of USD 0.05 million, Net Earnings of USD -1.07 million.
  • Gross margins narrowed from 6.82% to -65.29% compared to the same period last year, operating (EBITDA) margins now -2,153.41% from -1,045.88%.
  • Earnings rose compared to same period last year, despite decline in operating and pretax margins.

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:

2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30
Relevant Numbers (Quarterly)
Revenues (mil) 0.05 0.06 0.04 0.14 0.1
Revenue Growth (%YOY) -46.89 -5.01 -79.05 -40.14 -11.31
Earnings (mil) -1.07 -1.23 -1.28 -4.74 -1.83
Earnings Growth (%YOY) 41.74 32.13 11 -214.12 -17.41
Net Margin (%) -1984.92 -1913.84 -3004.85 -3368.72 -1809.36
EPS -0 -0 -0 -0.03 -0.03
Return on Equity (%) N/A N/A N/A N/A N/A
Return on Assets (%) -746.04 -812.54 -542.99 -1951.34 -733.62

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Market Share Versus Profits

Revenues History
Earnings History

ABHD-US‘s change in revenue this period compared to the same period last year of -46.89% is almost the same as its change in earnings, and is about average among the announced results thus far in its peer group, suggesting that ABHD-US is holding onto its market share. Also, for comparison purposes, revenues changed by -16.08% and earnings by 12.97% compared to the immediate last period.

Revenues Growth Versus Earnings Growth

Quadrant label definitions. Hover to know more

Leader, Earnings Focus, Laggard, Revenues Focus

Earnings Growth Analysis

The company’s earnings rose year-on-year. But this growth has not come as a result of improvement in gross margins or any cost control activities in its operations. Gross margins went from -65.29% to 6.82% for the same period last year, while operating margins (EBITDA margins) went from -2,153.41% to -1,045.88% over the same time frame.

Gross Margin Versus EBITDA Margin

Quadrant label definitions. Hover to know more

Differentiated; Low Cost, Commodity; Low Cost, Commodity; High Cost, Differentiated; High Cost

Margins

Despite a decline in operating (EBIT) margins as well as a decline in pretax margins, the company’s earnings rose.

EBIT Margin Versus PreTax Margin

Quadrant label definitions. Hover to know more

Operation driven Earnings, One-time Favorables, Low Earnings Base, One-time Unfavorables
EBIT Margin History
PreTax Margin History

Access our Ratings and Scores for Abtech Holdings, Inc.

Company Profile

Abtech Holdings, Inc. provides water contamination solutions through its subsidiaries, AbTech Industries, Inc. It provides solutions to water contamination issues that are caused by stormwater runoff, industrial processes, water produced in the extractive industries such as oil & gas drilling, and spills of oil-based fluids in marine environments. The company was founded on February 13, 2007 and is headquartered in Scottsdale, AZ.

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