After the market closed on Tuesday, defense solutions and service provider SAIC (NYSE:SAI) released its first earnings report as a public company. Here are the quick and dirty details for the fiscal 2007 third quarter ended Oct. 31.
- Sales grew 5.8% to $2.1 billion, slightly ahead of analyst projections. Management said that 3% of that growth was organic, or internal.
- Net income grew 7.7% while diluted earnings grew 12% as management repurchased shares.
- Management expects FY2007 sales to come in at $8.15 billion to $8.25 billion and diluted continuing earnings of $0.96 to $0.98.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$2,142 |
$2,024 |
5.8% |
|
Net Profit |
$98 |
$91 |
7.7% |
|
EPS |
$0.28 |
$0.25 |
12.0% |
|
Diluted Shares |
347 |
358 |
(3.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
13.07% |
11.41% |
1.66 |
|
Operating Margin |
6.72% |
5.24% |
1.48 |
|
Net Margin |
4.58% |
4.50% |
0.08 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$3,636 |
$2,669 |
36.2% |
|
Accounts Rec. |
$1,562 |
$1,515 |
3.1% |
|
Inventory |
$151 |
$191 |
(20.9%) |
|
Liabilities |
Q3 2006 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$946 |
$959 |
(1.4%) |
|
Long-Term Debt |
$1,193 |
$1,192 |
0.1% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$505 |
$356 |
$149 |
|
Capital Expenditures |
$65 |
$39 |
$26 |
|
Free Cash Flow |
$440 |
$317 |
$123 |
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Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.