On Jan. 19, coatings, glass, and chemical maker PPG Industries
- A surge in the always exciting coating business helped lead a 10.7% increase in the revenues, as well as improved sales volumes in Europe and Asia.
- Management is upbeat about the future impact of its 2006 acquisitions.
- PPG carries a middle-of-the-road three-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$2,773 |
$2,505 |
10.7% |
Net Profit |
$157 |
$113 |
38.9% |
EPS |
$0.94 |
$0.68 |
38.2% |
Diluted Shares |
166.5 |
167.1 |
(0.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
34.8% |
34.1% |
0.8 |
Operating Margin |
9.8% |
8.2% |
1.6 |
Net Margin |
5.7% |
4.5% |
1.2 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$455 |
$466 |
(2.4%) |
Accounts Rec. |
$2,168 |
$1,871 |
15.9% |
Inventory |
$1,390 |
$1,119 |
24.2% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable* |
$2,090 |
$1,776 |
17.7% |
Long-Term Debt |
$1,115 |
$1,169 |
(4.6%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
PPG management once again stiffed us on the cash flow statement.
Find out why Fools always follow the money.
Related Companies:
-
Textron
(NYSE:TXT) -
Cooper Industries
(NYSE:CBE) -
Akzo Nobel
(NASDAQ:AKZOY) -
Visteon
(NYSE:VC) -
Sherwin-Williams
(NYSE:SHW) -
3M
(NYSE:MMM)
Related Foolishness:
- Foolish Forecast: Apogee Accelerating?
- Build Your Dividend Dynasty
- Foolish Forecast: HB Fuller's New Paint Job
PPG is an Income Investor selection. 3M is an Inside Value recommendation.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.