Allete Revenue, Profits - ALE Quarterly Income Statement

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$78.63 $0.8 (1.03%) ALE stock closing price Aug 16, 2018 (Closing)

Fundamental analysis of ALE stock involves analyzing its financial statements, apart from checking the Allete stock price. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from 358.2M to 344.1M and how operating and non operating activities have impacted the ALE stock. The operating expenses as shown in the Allete profit and loss statement for 2018 Q2 total to $174.1M. This line item shows that the operating expenses has increased compared with last year. Also check: Allete assets and Allete free cash flow.

View and download details of revenue and profits for Allete for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Allete Revenues or Net Sales
344.1M358.2M337.9M362.5M353.3M365.6M341.5M349.6M314.8M333.8M
Cost Of Goods Sold (COGS)133.5M133.8M155.4M129.6M131.5M128.2M118.5M137.4M111.5M110.2M
Allete Gross Profit
210.6M224.4M182.5M232.9M221.8M237.4M223M212.2M203.3M223.6M
Research & Development Expense----------
Selling General & Admin Expense118M121.2M123.3M113M116.7M114.3M111.8M109.9M112.4M108.7M
Income Before Depreciation Depletion Amortization92.6M103.2M59.2M119.9M105.1M123.1M111.21M102.3M90.89M114.9M
Depreciation Depletion Amortization56.1M45.8M26M50.9M50.1M50.5M50.1M48.9M48.7M48.1M
Non Operating Income6.5M6.8M5.6M6.7M5.9M6.7M4.6M7.3M4.7M5.8M
Interest Expense17.1M16.9M17.3M16.6M16.7M17.2M17.3M18.7M17.4M16.9M
Allete Pretax Income
25.9M47.3M21.5M59.1M44.2M62.1M48.4M42M29.5M55.7M
Provision for Income Taxes-5.4M-3.7M-19.9M14.2M7.3M13.1M4.1M1.7M4.7M9.3M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations31.3M51M41.4M44.9M36.9M49M44.3M40.3M24.8M45.9M
Extraordinary Items & Discontinued Operations----------
Allete Profit/ Loss (Net Income)
31.3M51M41.4M44.9M36.9M49M44.3M40.3M24.8M45.9M
Average Shares used to compute Diluted EPS51.5M51.4M51.3M51.2M51.1M50.4M49.7M49.5M49.5M49.2M
Average Shares used to compute Basic EPS51.3M51.2M51.1M51M50.9M50.2M49.5M49.4M49.3M49.2M
Income Before Nonrecurring Items31.3M51M31.9M52.9M36.9M49M44.3M49.1M24.8M45.9M
Income from Nonrecurring Items--9.5M-8M----8.8M--
Allete Earnings Per Share Basic Net
0.611.000.810.880.730.970.890.820.500.93
Allete Earnings Per Share Diluted Net
0.610.990.810.880.720.970.890.810.500.93
EPS Diluted Before Nonrecurring Items0.610.990.621.040.720.970.890.990.500.93
Preferred Dividends Acc Pd----------
Dividends Common28.7628.7127.31-------
Dividend Per Share Common0.560.560.540.540.540.540.520.520.520.52
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Allete stock analysis are:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that ALE stock has a topline or revenue of $344.1M for 2018 Q2 as per this Allete revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $31.3M for ALE stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called the profit and loss statement. Apart from the ALE income statement, one can check the Allete historical stock prices to check how the price has moved with time.

Allete Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
23.9
PS Ratio (price sales ratio)
2.88
Operating Margin
10.6
Net Profit Margin
9.1
Dividend Yield
2.8%