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PureCycle Technologies (PureCycle Technologies) Net Income : $-161.48 Mil (TTM As of Mar. 2024)


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What is PureCycle Technologies Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. PureCycle Technologies's Net Income for the three months ended in Mar. 2024 was $-85.61 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-161.48 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. PureCycle Technologies's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $-0.52.


PureCycle Technologies Net Income Historical Data

The historical data trend for PureCycle Technologies's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PureCycle Technologies Net Income Chart

PureCycle Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial -19.31 -52.99 -77.50 -84.75 -101.72

PureCycle Technologies Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.84 -56.58 4.89 -24.18 -85.61

PureCycle Technologies Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

PureCycle Technologies's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-101.065+-0.65+0+0
=-101.72

PureCycle Technologies's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-85.607+0+0+0
=-85.61

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-161.48 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


PureCycle Technologies  (NAS:PCT) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

PureCycle Technologies's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


PureCycle Technologies Net Income Related Terms

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PureCycle Technologies (PureCycle Technologies) Business Description

Traded in Other Exchanges
Address
5950 Hazeltine National Drive, Suite 300, Orlando, FL, USA, 32822
PureCycle Technologies Inc holds a global license to commercialize the only patented solvent-based purification recycling technology, developed by The Procter & Gamble Company (P&G), for restoring waste polypropylene (PP) into a virgin-like resin. The proprietary process removes color, odor and other contaminants from recycled feedstock resulting in virgin-like polypropylene suitable for any PP market.
Executives
Lawrence C Somma officer: Chief Financial Officer C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Steven F Bouck director C/O WASTE CONNECTIONS INC, 2260 DOUGLAS BLVD SUITE 280, ROSEVILLE CA 95661
Fernando Musa director 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Daniel M Coombs director C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Dustin Olson officer: Chief Manufacturing Officer 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Brad Kalter officer: Gen. Counsel & Corp. Secretary 800 2ND AVE S, ST PETERSBURG FL 33701
John Stewart Scott director 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
David Warner Brenner officer: Chief Commercial Officer 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Jeffrey Richard Fieler director 10 MARKET STREET, PO BOX 687, GRAND CAYMAN E9 KY1-9006
Sylebra Capital Ltd 10 percent owner 28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Timothy Glockner director 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Daniel Patrick Gibson 10 percent owner 400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Michael Otworth director, officer: Chairman & CEO 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Allen Jacoby director 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822
Michael E Dee officer: Chief Financial Officer 118 VINTAGE PARK BLVD, HOUSTON TX 77070

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