On Feb. 12, nanoscale instrument maker Veeco Instruments (NASDAQ:VECO) released fourth-quarter earnings for the period ended Dec. 31.

  • Revenues increased by 9%, while bookings were up by 6%.
  • The company expects first-quarter revenues to be in the range of $95 million-$105 million, with EPS around negative $0.10 to $0.03.
  • Veeco carries a sterling five-star rating in Motley Fool CAPS.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$123.1

$112.8

9.1%

Net Profit

$7.6

$2.7

183.7%

EPS

$0.24

$0.09

166.7%

Diluted Shares

31.2

30.3

3.0%



Get back to basics with a look at the income statement.

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

44.5%

43.3%

1.2

Operating Margin

8.3%

5.9%

2.4

Net Margin

6.2%

2.4%

3.8

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$147.0

$124.5

18.1%

Accounts Rec.

$86.6

$89.2

(3.0%)

Inventory

$100.4

$88.9

12.9%



Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$40.6

$31.3

29.7%

Long-Term Debt

$203.6

$229.2

(11.2%)



Learn the ways of the balance sheet.

Cash Flow Highlights

Management disappoints us by not providing a cash flow statement with earnings.

Find out why Fools always follow the money.

Related Companies:

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  • Nanometrics (NASDAQ:NANO)

Related Foolishness:

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