Why did operating margins increase so much since 2015? The company spent the previous ~15 years at breakeven or barely profitable and not growing all that much...suddenly it shifted to growing 15-20% per year and margins jumped to mid-teens? What changed?
Thanks for your comment. Actually, I usually make five-year projections, so I read the last five AR's. I don't know what might have happened in 2015, but I'll investigate. Regards.
Any takeaways from your research? 15 years is a long time to operate at roughly breakeven before suddenly shifting to making 20% operating margins. I believe they've been in the same business the whole time... any ideas?
Why did operating margins increase so much since 2015? The company spent the previous ~15 years at breakeven or barely profitable and not growing all that much...suddenly it shifted to growing 15-20% per year and margins jumped to mid-teens? What changed?
Thanks for your comment. Actually, I usually make five-year projections, so I read the last five AR's. I don't know what might have happened in 2015, but I'll investigate. Regards.
Any takeaways from your research? 15 years is a long time to operate at roughly breakeven before suddenly shifting to making 20% operating margins. I believe they've been in the same business the whole time... any ideas?