On Jan. 24, specialized glass and tech equipment maker Corning
- Net sales increased by 14%, driven primarily by the display technologies segment.
- For the first quarter of 2007, management expects sales to be $1.26 billion to $1.31 billion, and earnings per share of $0.24 to $0.27 (excluding special items).
- The stock is respected enough in Motley Fool CAPS to earn a four-star rating.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$1,369.0 |
$1,200.0 |
14.1% |
|
Net Profit |
$646.0 |
($33.0) |
N/A |
|
EPS |
$0.41 |
($0.02) |
N/A |
|
Diluted Shares |
1,596.0 |
1,524.0 |
4.7% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
44.1% |
43.9% |
0.2 |
|
Operating Margin |
24.7% |
22.4% |
2.3 |
|
Net Margin |
47.2% |
(2.8%) |
49.9 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$3,167.0 |
$2,434.0 |
30.1% |
|
Trade Accounts Rec. |
$746.0 |
$629.0 |
18.6% |
|
Inventory |
$639.0 |
$570.0 |
12.1% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$631.0 |
$690.0 |
(8.6%) |
|
Long-Term Debt |
$1,696.0 |
$1,789.0 |
(5.2%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$628.0 |
$659.0 |
(4.7%) |
|
Capital Expenditures |
$290.0 |
$477.0 |
(39.2%) |
|
Free Cash Flow |
$338.0 |
$182.0 |
85.7% |
Find out why Fools always follow the money.
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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.
