Hollysys Automation Technologies, Ltd. (HOLI) [Rocket]

In millions, except per share items	Jun-30-22	Jun-30-21	Jun-30-20	Jun-30-19	Jun-30-18	Jun-30-17	Jun-30-16	Jun-30-15
Revenues	707.5	593.5	503.3	570.3	540.8	431.9	544.3	531.4
Revenue growth	19.2%	17.9%	-11.7%	5.5%	25.2%	-20.6%	2.4%	1.9%
Cost of goods sold	468.1	375.2	312.8	359.2	334.9	291.5	334.6	317.0
Gross profit	239.4	218.3	190.6	211.2	205.9	140.5	209.8	214.4
Gross margin	33.8%	36.8%	37.9%	37.0%	38.1%	32.5%	38.5%	40.3%
Selling, general and administrative
Sales and marketing	45.3	35.2	30.6	28.9	27.2	24.4	25.6	26.3
Research and development	69.6	56.0	41.9	37.0	36.6	30.1	36.6	35.8
General and administrative	80.2	70.0	39.1	40.7	46.3	44.3	45.8	50.8
EBITA	77.7	88.2	108.6	136.0	119.5	76.3	129.2	133.5
EBITA margin	11.0%	14.9%	21.6%	23.8%	22.1%	17.7%	23.7%	25.1%
Amortization of intangibles	1.4	0.3	0.3	0.3	0.8	0.6	0.8	4.5
EBIT	76.4	87.8	108.3	135.7	118.7	75.7	128.4	129.1
EBIT margin	10.8%	14.8%	21.5%	23.8%	21.9%	17.5%	23.6%	24.3%
Pre-tax income	99.6	109.9	97.5	143.7	129.6	83.4	137.7	125.2
Income taxes	16.6	20.6	18.2	18.2	22.2	14.4	14.2	26.0
Tax rate	16.7%	18.7%	18.6%	12.7%	17.1%	17.3%	10.3%	20.8%
Net income	83.2	89.7	79.4	125.3	107.2	68.9	118.5	96.5
Net margin	11.8%	15.1%	15.8%	22.0%	19.8%	16.0%	21.8%	18.2%

Diluted EPS	$1.35	$1.46	$1.31	$2.04	$1.75	$1.13	$1.95	$1.61
Shares outstanding (diluted)	61.6	61.5	60.6	61.3	61.2	61.0	60.6	60.1

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.