Income Statement Ionics, Inc.

Stocks

ION

PHY4177R1024

Semiconductors

Market Closed - Philippines S.E. 02:59:59 2026-09-08 EDT			5-day change	1st Jan Change
2.810 ^PHP	-1.06%		+16.12%	+175.49%

08-17	Ionics, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
06-26	Ionics, Inc. Announces Board, Committee and Executive Appointments	CI

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Published financial data: IONICS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	62.47M	78.36M	98.08M	107M	120M
Total Revenues	62.47M	78.36M	98.08M	107M	120M
Cost of Goods Sold, Total	55.19M	68.59M	85.63M	96.72M	108M
Gross Profit	7.28M	9.77M	12.45M	10.77M	11.92M
Selling General & Admin Expenses, Total	3.84M	4.37M	5.16M	4.89M	5.78M
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses, Total	3.84M	4.37M	5.16M	4.89M	5.78M
Operating Income	3.43M	5.4M	7.29M	5.88M	6.14M
Interest Expense, Total	-623K	-1.07M	-1.8M	-1.65M	-1.06M
Interest And Investment Income	22K	10K	9K	14K	11K
Net Interest Expenses	-601K	-1.06M	-1.79M	-1.63M	-1.05M
Income (Loss) On Equity Invest.	22K	37K	-8K	16K	12K
Currency Exchange Gains (Loss)	220K	812K	-186K	240K	3K
Other Non Operating Income (Expenses)	-51K	-95K	11K	125K	14K
EBT, Excl. Unusual Items	3.02M	5.09M	5.32M	4.63M	5.12M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	5K	-	-
Asset Writedown	-	-	-	-841K	-
EBT, Incl. Unusual Items	3.02M	5.09M	5.32M	3.79M	5.12M
Income Tax Expense	363K	574K	659K	705K	690K
Earnings From Continuing Operations	2.66M	4.52M	4.66M	3.08M	4.43M
Earnings Of Discontinued Operations	-	-	-	-	-492K
Net Income to Company	2.66M	4.52M	4.66M	3.08M	3.94M
Minority Interest	-27K	-71K	-81K	-71K	-95K
Net Income - (IS)	2.63M	4.45M	4.58M	3.01M	3.84M
Net Income to Common Incl Extra Items	2.63M	4.45M	4.58M	3.01M	3.84M
Net Income to Common Excl. Extra Items	2.63M	4.45M	4.58M	3.01M	4.33M
Per Share Items
Net EPS - Basic	0	0.01	0.01	0	0
Basic EPS - Continuing Operations	0	0.01	0.01	0	0.01
Basic Weighted Average Shares Outstanding	823M	823M	823M	823M	823M
Net EPS - Diluted	0	0.01	0.01	0	0
Diluted EPS - Continuing Operations	0	0.01	0.01	0	0.01
Diluted Weighted Average Shares Outstanding	823M	823M	823M	823M	823M
Normalized Basic EPS	0	0	0	0	0
Normalized Diluted EPS	0	0	0	0	0
Dividend Per Share	-	0	-	0	0
Payout Ratio	-	-	30.84	-	34.24
Supplemental Items
EBITDA	7.46M	9.8M	12.37M	11.45M	11.41M
EBITA	3.43M	5.4M	7.29M	5.88M	6.14M
EBIT	3.43M	5.4M	7.29M	5.88M	6.14M
Total Revenues (As Reported)	62.47M	78.36M	98.08M	107M	120M
Effective Tax Rate - (Ratio)	12	11.27	12.38	18.62	13.48
Total Current Taxes	375K	577K	651K	703K	646K
Total Deferred Taxes	-12K	-3K	8K	2K	44K
Normalized Net Income	1.86M	3.11M	3.24M	2.82M	3.1M
Interest on Long-Term Debt	590K	156K	1.77M	1.62M	998K
Non-Cash Pension Expense	107K	123K	168K	169K	211K
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.42M	1.8M	2.74M	2.56M	3.11M
General and Administrative Expenses	2.42M	2.57M	2.42M	2.33M	2.68M
Maintenance & Repair Expenses, Total	-	-	-	-	41K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	14.58M	16.94M	6.76M	9.65M	8.58M
Total Cash And Short Term Investments	14.58M	16.94M	6.76M	9.65M	8.58M
Accounts Receivable, Total	17.29M	20.96M	25.24M	26.08M	34.08M
Other Receivables	362K	176K	460K	132K	675K
Total Receivables	17.66M	21.13M	25.7M	26.22M	34.75M
Inventory	25.26M	39.24M	37.14M	36.42M	33.46M
Prepaid Expenses	416K	777K	971K	610K	740K
Other Current Assets, Total	118K	135K	140K	633K	330K
Total Current Assets	58.03M	78.22M	70.71M	73.53M	77.86M
Gross Property Plant And Equipment	94.05M	98.88M	112M	106M	112M
Accumulated Depreciation	-54.49M	-59.5M	-65.17M	-66.34M	-72.13M
Net Property Plant And Equipment	39.56M	39.38M	47M	39.99M	39.47M
Long-term Investments	2.84M	2.44M	3.66M	3.41M	3.28M
Deferred Tax Assets Long-Term	46K	40K	18K	19K	1K
Other Long-Term Assets, Total	449K	582K	589K	553K	465K
Total Assets	101M	121M	122M	118M	121M
Liabilities
Accounts Payable, Total	11.72M	19.9M	14.86M	12.2M	18.24M
Accrued Expenses, Total	2.96M	3.04M	3.7M	3.83M	3.64M
Short-term Borrowings	11M	18M	13M	13M	8M
Current Portion of Long-Term Debt	871K	575K	2.36M	2.6M	1.48M
Current Portion of Leases	1.13M	867K	753K	637K	478K
Current Income Taxes Payable	114K	211K	141K	203K	125K
Unearned Revenue Current, Total	1.11M	1.58M	6.35M	5.12M	5.65M
Other Current Liabilities	2.58M	2.24M	1.58M	1.46M	2.33M
Total Current Liabilities	31.5M	46.41M	42.75M	39.04M	39.95M
Long-Term Debt	7.21M	7.42M	8.39M	5.78M	5.77M
Long-Term Leases	1.49M	1.98M	1.29M	470K	600K
Unearned Revenue Non Current	807K	718K	687K	666K	730K
Pension & Other Post Retirement Benefits	2.95M	2.71M	3.43M	3.5M	3.91M
Deferred Tax Liability Non Current	123K	60K	234K	223K	236K
Other Non Current Liabilities	478K	606K	612K	635K	361K
Total Liabilities	44.56M	59.9M	57.4M	50.32M	51.56M
Common Stock, Total	17.63M	17.63M	17.63M	17.63M	17.63M
Additional Paid In Capital	9.07M	9.07M	9.07M	9.07M	9.07M
Retained Earnings	32.98M	37.43M	40.47M	43.48M	45.96M
Treasury Stock	-1.36M	-1.36M	-1.36M	-1.36M	-1.36M
Comprehensive Income and Other	-2.34M	-2.49M	-1.79M	-2.26M	-2.5M
Total Common Equity	55.98M	60.28M	64.03M	66.56M	68.81M
Minority Interest	394K	476K	549K	620K	715K
Total Equity	56.37M	60.76M	64.58M	67.18M	69.52M
Total Liabilities And Equity	101M	121M	122M	118M	121M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	837M	837M	837M	837M	837M
ECS Total Common Shares Outstanding	837M	837M	837M	837M	837M
Book Value / Share	0.07	0.07	0.08	0.08	0.08
Tangible Book Value	55.98M	60.28M	64.03M	66.56M	68.81M
Tangible Book Value Per Share	0.07	0.07	0.08	0.08	0.08
Total Debt	21.7M	28.84M	25.79M	22.49M	16.33M
Net Debt	7.12M	11.91M	19.03M	12.84M	7.76M
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.95M	2.71M	3.43M	3.5M	3.91M
Minority Interest, Total (Incl. Fin. Div)	394K	476K	549K	620K	715K
Equity Method Investments, Total	746K	676K	649K	660K	667K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	20.82M	35.93M	34.77M	32.35M	30M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	980K	1.04M	1.21M	1.12M	1.04M
Land - (BS)	4.31M	4.31M	9.81M	9.88M	9.88M
Buildings, Total	29.08M	29.51M	30.34M	28.26M	29.38M
Machinery, Total	55.37M	59.13M	67.81M	64.17M	64.86M
Full Time Employees	2.36K	2.94K	2.8K	2.61K	2.27K
Accumulated Allowance for Doubtful Accounts (Supple)	59K	105K	18K	18K	203K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	2.63M	4.45M	4.58M	3.01M	3.84M
Depreciation & Amortization - CF	4.8M	5.27M	5.92M	6.31M	5.98M
Depreciation & Amortization, Total	4.8M	5.27M	5.92M	6.31M	5.98M
(Gain) Loss From Sale Of Asset	-	-	5K	-	97K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	841K	-
(Income) Loss On Equity Investments - (CF)	-22K	-37K	8K	-16K	-12K
Net Cash From Discontinued Operations	-	-	-	-	-489K
Other Operating Activities, Total	499K	1.39M	2.21M	1.81M	2.02M
Change In Accounts Receivable	-2.51M	-3.49M	-4.58M	-542K	-8.57M
Change In Inventories	-8.61M	-13.98M	2.1M	720K	195K
Change In Accounts Payable	1.93M	7.99M	-5.04M	-2.43M	6.6M
Change in Unearned Revenues	-490K	468K	4.77M	-1.23M	534K
Change in Other Net Operating Assets	412K	-455K	-226K	399K	-387K
Cash from Operations	-1.36M	1.61M	9.75M	8.86M	9.81M
Capital Expenditure	-1.9M	-3.13M	-3.13M	-743K	-977K
Sale of Property, Plant, and Equipment	20K	-	5K	-	368K
Sale (Purchase) of Real Estate properties	-5.91M	-270K	-5.72M	-311K	-1.03M
Investment in Marketable and Equity Securities, Total	-298K	-224K	-149K	-	-
Other Investing Activities, Total	-	-	-	5K	-
Cash from Investing	-8.09M	-3.62M	-8.99M	-1.05M	-1.64M
Short Term Debt Issued, Total	25M	37M	43M	37M	-
Long-Term Debt Issued, Total	5.6M	800K	117K	39K	24.5M
Total Debt Issued	30.6M	37.8M	43.12M	37.04M	24.5M
Short Term Debt Repaid, Total	-22M	-30M	-48M	-37M	-28M
Long-Term Debt Repaid, Total	-3.03M	-2.35M	-2.86M	-3.35M	-3.36M
Total Debt Repaid	-25.03M	-32.35M	-50.86M	-40.35M	-31.36M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-1.41M	-	-1.32M
Common & Preferred Stock Dividends Paid	-	-	-1.41M	-	-1.32M
Other Financing Activities, Total	-	-1.08M	-1.77M	-1.62M	-1.08M
Cash from Financing	5.57M	4.37M	-10.93M	-4.93M	-9.25M
Net Change in Cash	-3.88M	2.36M	-10.17M	2.89M	-1.08M
Supplemental Items
Cash Interest Paid	-	1.08M	1.77M	1.62M	1.08M
Cash Income Tax Paid (Refund)	325K	477K	721K	641K	724K
Levered Free Cash Flow	-4.98M	-4.51M	3.22M	4.45M	9.95M
Unlevered Free Cash Flow	-4.59M	-3.84M	4.35M	5.48M	10.61M
Change In Net Working Capital	9.64M	9.36M	3M	3.76M	-1.77M
Net Debt Issued / Repaid	5.57M	5.45M	-7.75M	-3.31M	-6.86M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	2.27	3.05	3.76	3.07	3.22
Return on Total Capital	2.97	4.02	5.06	4.08	4.37
Return On Equity %	4.87	7.72	7.44	4.68	6.48
Return on Common Equity	4.86	7.65	7.37	4.61	6.4
Margin Analysis
Gross Profit Margin %	11.65	12.47	12.69	10.02	9.96
SG&A Margin	6.16	5.58	5.26	4.55	4.83
EBITDA Margin %	11.93	12.51	12.62	10.66	9.53
EBITA Margin %	5.5	6.89	7.43	5.47	5.13
EBIT Margin %	5.5	6.89	7.43	5.47	5.13
Income From Continuing Operations Margin %	4.26	5.77	4.75	2.87	3.7
Net Income Margin %	4.22	5.68	4.67	2.8	3.21
Net Avail. For Common Margin %	4.22	5.68	4.67	2.8	3.62
Normalized Net Income Margin	2.98	3.97	3.31	2.62	2.59
Levered Free Cash Flow Margin	-7.97	-5.75	3.29	4.14	8.31
Unlevered Free Cash Flow Margin	-7.35	-4.9	4.43	5.1	8.87
Asset Turnover
Asset Turnover	0.66	0.71	0.81	0.9	1
Fixed Assets Turnover	1.68	1.99	2.27	2.47	3.01
Receivables Turnover (Average Receivables)	3.88	4.1	4.25	4.19	3.98
Inventory Turnover (Average Inventory)	2.63	2.13	2.24	2.63	3.08
Short Term Liquidity
Current Ratio	1.84	1.69	1.65	1.88	1.95
Quick Ratio	1.02	0.82	0.76	0.92	1.08
Operating Cash Flow to Current Liabilities	-0.04	0.03	0.23	0.23	0.25
Days Sales Outstanding (Average Receivables)	94.08	89.08	85.96	87.38	91.74
Days Outstanding Inventory (Average Inventory)	138.61	171.63	162.77	139.16	118.35
Average Days Payable Outstanding	65.56	69.89	75.95	51.58	53
Cash Conversion Cycle (Average Days)	167.13	190.82	172.78	174.96	157.09
Long Term Solvency
Total Debt/Equity	38.49	47.48	39.94	33.47	23.49
Total Debt / Total Capital	27.79	32.19	28.54	25.08	19.02
LT Debt/Equity	15.42	15.48	15	9.31	9.17
Long-Term Debt / Total Capital	11.14	10.49	10.72	6.97	7.42
Total Liabilities / Total Assets	44.15	49.65	47.06	42.82	42.58
EBIT / Interest Expense	5.51	5.05	4.05	3.57	5.8
EBITDA / Interest Expense	13.22	9.98	7.34	7.4	11.44
(EBITDA - Capex) / Interest Expense	10.17	7.06	5.6	6.95	10.52
Total Debt / EBITDA	2.64	2.7	1.95	1.85	1.35
Net Debt / EBITDA	0.86	1.12	1.44	1.05	0.64
Total Debt / (EBITDA - Capex)	3.43	3.82	2.56	1.97	1.47
Net Debt / (EBITDA - Capex)	1.12	1.58	1.89	1.12	0.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	16.27	25.43	25.17	9.6	12.4
Gross Profit, 1 Yr. Growth %	62.15	34.22	27.4	-13.49	7.14
EBITDA, 1 Yr. Growth %	50.21	31.5	26.23	-7.44	-2.37
EBITA, 1 Yr. Growth %	172.97	57.22	35.06	-19.39	-2.09
EBIT, 1 Yr. Growth %	172.97	57.22	35.06	-19.39	-2.09
Earnings From Cont. Operations, 1 Yr. Growth %	475.97	69.86	3.16	-33.93	2.07
Net Income, 1 Yr. Growth %	448.75	68.91	2.99	-34.31	27.61
Normalized Net Income, 1 Yr. Growth %	295.44	67.08	4.16	-12.99	0.82
Diluted EPS Before Extra, 1 Yr. Growth %	448.88	68.91	2.98	-34.3	1.54
Accounts Receivable, 1 Yr. Growth %	15.99	21.18	20.46	3.34	30.65
Inventory, 1 Yr. Growth %	51.68	55.32	-5.36	-1.94	-8.11
Net Property, Plant and Equip., 1 Yr. Growth %	13.71	-0.45	19.33	-14.91	-1.29
Total Assets, 1 Yr. Growth %	14.66	19.55	1.09	-3.67	3.05
Tangible Book Value, 1 Yr. Growth %	6.64	7.68	6.21	3.96	3.37
Common Equity, 1 Yr. Growth %	6.64	7.68	6.21	3.96	3.37
Cash From Operations, 1 Yr. Growth %	-121.04	-218.37	505.4	-9.13	10.73
Capital Expenditures, 1 Yr. Growth %	-55.75	64.67	0.16	-76.28	31.49
Levered Free Cash Flow, 1 Yr. Growth %	-523.79	-9.48	-171.48	38.08	118.36
Unlevered Free Cash Flow, 1 Yr. Growth %	-416.18	-16.36	-213.22	25.99	90.72
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-1.39
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.95	20.77	25.3	17.13	11.93
Gross Profit, 2 Yr. CAGR %	-5.35	47.53	30.77	4.98	-1.36
EBITDA, 2 Yr. CAGR %	-11.71	30.98	28.83	8.09	-2.4
EBITA, 2 Yr. CAGR %	-14.14	107.16	45.72	4.34	-7.43
EBIT, 2 Yr. CAGR %	-14.14	107.16	45.72	4.34	-7.43
Earnings From Cont. Operations, 2 Yr. CAGR %	-17.43	212.79	32.38	-17.44	-2.12
Net Income, 2 Yr. CAGR %	-16.93	204.45	31.89	-17.75	-8.44
Normalized Net Income, 2 Yr. CAGR %	-16.13	157.04	31.92	-4.8	-1.62
Diluted EPS Before Extra, 2 Yr. CAGR %	-16.93	204.48	31.89	-17.74	-2.32
Accounts Receivable, 2 Yr. CAGR %	6.95	18.55	20.82	11.57	16.19
Inventory, 2 Yr. CAGR %	38.43	53.49	21.24	-3.66	-5.07
Net Property, Plant and Equip., 2 Yr. CAGR %	17.47	6.39	8.99	0.77	-8.35
Total Assets, 2 Yr. CAGR %	12.73	17.08	9.93	-1.32	-0.37
Tangible Book Value, 2 Yr. CAGR %	2.66	7.16	6.95	5.08	3.66
Common Equity, 2 Yr. CAGR %	2.66	7.16	6.95	5.08	3.66
Cash From Operations, 2 Yr. CAGR %	-63.41	-50.09	167.69	134.55	0.31
Capital Expenditures, 2 Yr. CAGR %	-42.32	-14.64	28.42	-51.26	-44.15
Levered Free Cash Flow, 2 Yr. CAGR %	36.02	95.86	-19.56	-0.65	84.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	25.72	62.62	-2.68	19.44	62.87
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-2.11	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.92	9.25	22.22	19.83	15.16
Gross Profit, 3 Yr. CAGR %	-4.89	6.34	40.49	13.94	6.85
EBITDA, 3 Yr. CAGR %	-7.83	0.83	29.38	15.39	5.19
EBITA, 3 Yr. CAGR %	-10.6	5.04	79.63	19.62	4.36
EBIT, 3 Yr. CAGR %	-10.6	5.04	79.63	19.62	4.36
Earnings From Cont. Operations, 3 Yr. CAGR %	-14.41	5.01	116.11	5.01	-0.68
Net Income, 3 Yr. CAGR %	-14.17	5.24	112.13	4.55	-4.78
Normalized Net Income, 3 Yr. CAGR %	-13.11	5.53	90.21	14.83	-0.1
Diluted EPS Before Extra, 3 Yr. CAGR %	-14.17	5.24	112.14	4.55	-0.88
Accounts Receivable, 3 Yr. CAGR %	11.21	11.5	19.19	14.68	17.6
Inventory, 3 Yr. CAGR %	22.5	43.84	30.64	12.96	-5.17
Net Property, Plant and Equip., 3 Yr. CAGR %	20.12	11.16	10.54	0.36	0.08
Total Assets, 3 Yr. CAGR %	12.18	14.96	11.49	5.2	0.12
Tangible Book Value, 3 Yr. CAGR %	3.23	4.31	6.85	5.94	4.51
Common Equity, 3 Yr. CAGR %	3.23	4.31	6.85	5.94	4.51
Cash From Operations, 3 Yr. CAGR %	-48.62	-45.89	14.67	86.74	82.63
Capital Expenditures, 3 Yr. CAGR %	26.42	-18.17	-9.97	-26.86	-32.14
Levered Free Cash Flow, 3 Yr. CAGR %	-13.65	18.76	39.97	-3.69	30.2
Unlevered Free Cash Flow, 3 Yr. CAGR %	-16.67	9.75	44.13	6.06	40.33
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-1.87
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.17	7.3	11.35	12.33	17.37
Gross Profit, 5 Yr. CAGR %	1.42	2.72	8.03	5.79	21.57
EBITDA, 5 Yr. CAGR %	3.33	3.04	5.38	3.67	14.83
EBITA, 5 Yr. CAGR %	1.09	4.47	8.7	4.76	37.3
EBIT, 5 Yr. CAGR %	1.09	4.47	8.7	4.76	37.3
Earnings From Cont. Operations, 5 Yr. CAGR %	-1.36	4.35	1.9	-4.62	57.15
Net Income, 5 Yr. CAGR %	-1.23	4.44	1.92	-4.64	51.58
Normalized Net Income, 5 Yr. CAGR %	-1.58	4.31	2.69	1.27	45.8
Diluted EPS Before Extra, 5 Yr. CAGR %	-1.01	4.44	1.92	-4.64	55.28
Accounts Receivable, 5 Yr. CAGR %	10.11	6.4	14.96	11.53	17.98
Inventory, 5 Yr. CAGR %	25.21	26.62	22	22.53	14.98
Net Property, Plant and Equip., 5 Yr. CAGR %	13.51	8.32	15.54	6.88	2.56
Total Assets, 5 Yr. CAGR %	11.57	11.91	11.28	8.15	6.59
Tangible Book Value, 5 Yr. CAGR %	5.68	5.71	4.7	4.62	5.56
Common Equity, 5 Yr. CAGR %	5.68	5.71	4.7	4.62	5.56
Cash From Operations, 5 Yr. CAGR %	-30.21	7.09	-0.56	-2.71	8.7
Capital Expenditures, 5 Yr. CAGR %	-12.89	-10.97	27.22	-33.49	-25.62
Levered Free Cash Flow, 5 Yr. CAGR %	8.5	-6.2	-16.06	10.57	53.3
Unlevered Free Cash Flow, 5 Yr. CAGR %	6.48	-8.84	-11.33	13.53	48.85