TPC Group Inc. (TPCG) [Rocket]

In millions, except per share items	Dec-31-11	Dec-31-10	Jun-30-10	Jun-30-09	Jun-30-08
	8-K	8-K	10-K	10-K	10-K
Revenues:
C4 Processing	2,285.8	1,516.7	1,328.7	1,061.9
Performance Products	472.7	401.4	359.8	314.9
Total revenues	2,758.5	1,918.1	1,688.5	1,376.9	2,016.2
Revenue growth [+]	43.8%		22.6%	-31.7%
C4 Processing	50.7%		25.1%
Performance Products	17.8%		14.2%
Cost of goods sold	143.3	135.3	1,577.3	1,326.4	2,016.2
Gross profit	2,615.2	1,782.8	111.1	50.4	0.0
Gross margin	94.8%	92.9%	6.6%	3.7%	0.0%
Selling, general and administrative [+]	32.6	29.3	29.8	32.8	36.7
General and administrative	32.6	29.3	29.8	32.8	36.7
Other operating expenses	2,494.7	1,689.4	-17.1	-14.7	-132.3
EBITDA [+]	128.4	103.5	98.4	32.4	95.7
EBITDA growth	24.1%		204.0%	-66.2%
EBITDA margin	4.7%	5.4%	5.8%	2.4%	4.7%
Depreciation and amortization	40.5	39.4	39.8	41.9	35.9
EBIT [+]	87.9	64.1	58.6	-9.5	59.7
EBIT growth	37.1%		-714.1%	-116.0%
EBIT margin	3.2%	3.3%	3.5%	-0.7%	3.0%
Non-recurring items [+]				6.0	1.1
Asset impairment				6.0
Loss (gain) on sale of assets					1.1
Interest expense, net [+]	33.9	18.9	15.0	16.8	18.9
Interest expense	33.9	18.9	15.1	16.8	19.0
Interest income			0.1	0.0	0.2
Other income (expense), net [+]	1.6	1.1	5.8	-2.1	1.5
Other			-2.3	-1.6	-1.4
Pre-tax income	55.6	46.3	49.3	-34.4	41.2
Income taxes	18.9	15.8	18.8	-11.7	14.6
Tax rate	34.0%	34.1%	38.1%	33.8%	35.4%
Net income	36.7	30.5	30.5	-22.8	26.6
Net margin	1.3%	1.6%	1.8%	-1.7%	1.3%

Basic EPS [+]	$2.31	$1.69	$1.70	($1.29)	$1.51
Growth	37.0%		-232.5%	-184.9%
Diluted EPS [+]	$2.29	$1.68	$1.70	($1.29)	$1.47
Growth	36.9%		-232.5%	-187.3%

Shares outstanding (basic) [+]	15.9	18.1	17.9	17.7	17.6
Growth	-12.2%		1.2%	0.7%
Shares outstanding (diluted) [+]	16.0	18.2	17.9	17.7	18.1
Growth	-12.1%		1.2%	-2.0%

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