On Feb. 7, home appliance giant Whirlpool
- Total sales grew 25.3%, below analyst expectations and mostly reflecting the large acquisition of Maytag. International growth was strong, according to the company.
- Diluted earnings fell 25.1% because of merger integration and other related charges.
- Management expects $400 million in savings from the Maytag purchase by 2008.
- Whirlpool is projecting full-year 2007 diluted earnings from continuing operations of $8 to $8.50 per share and free cash flow of $600 million to $650 million, or more than $8 per share based on year-end 2006 diluted shares outstanding.
- Whirlpool is rated a two-star stock in the Motley Fool CAPS database. Join the community for free today to make your opinion known.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 | Q4 2005 | Change | |
|---|---|---|---|
Sales | $4,954 | $3,954 | 25.3% |
Net Profit | $109 | $126 | (13.5%) |
EPS | $1.37 | $1.83 | (25.1%) |
Diluted Shares | 80 | 69 | 15.7% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 | Q4 2005 | Change* | |
|---|---|---|---|
Gross Margin | 14.03% | 16.11% | (2.08) |
Operating Margin | 3.84% | 5.54% | (1.70) |
Net Margin | 2.20% | 3.19% | (0.99) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q4 2006 | Q4 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $262 | $524 | (50.0%) |
Accounts Rec. | $2,676 | $2,081 | 28.6% |
Inventory | $2,348 | $1,591 | 47.6% |
Liabilities | Q4 2006 | Q4 2005 | Change |
|---|---|---|---|
Accounts Payable | $2,945 | $2,330 | 26.4% |
Long-Term Debt | $1,798 | $745 | 141.3% |
Learn the ways of the balance sheet.
Cash Flow Highlights
FY 2006 | FY 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $880 | $884 | (0.5%) |
Capital Expenditures | $490 | $401 | 22.2% |
Free Cash Flow | $390 | $483 | (19.3%) |
Find out why Fools always follow the money.
Comparable companies:
- Salton
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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 checkFool.com for more of our in-depth discussion of what the numbers mean.
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.
