On Feb. 15, global orthopedic device company Wright Medical Group
- Revenues increased by nearly 8% on growth in sales of hip, biologics, and extremity products.
- Earnings nearly tripled, in part because of significantly higher margins.
- The company's strong cash position allowed it some money for capital spending. It also was able to reduce long-term debt and still retain cash of $88.3 million, an increase of 15.7%.
- Wright Medical expects revenues for the next quarter to be $90 million to $92 million, up by 4% to 7%, and annual revenues to be $366 million to $374 million, an increase of 11% to 19%.
- For fiscal 2007, management expects adjusted EPS to be $0.71 to $0.76.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$86,553 |
$80,268 |
7.8% |
Net Profit |
$5,747 |
$2,043 |
181.3% |
EPS |
$0.16 |
$0.06 |
166.7% |
Diluted Shares |
35,843 |
35,026 |
2.3% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
71.1% |
69.7% |
1.4 |
Operating Margin |
6.9% |
3.6% |
3.3 |
Net Margin |
6.6% |
2.6% |
4.0 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$88,264 |
$76,277 |
15.7% |
Accounts Rec. |
$72,476 |
$61,729 |
17.4% |
Inventory |
$86,157 |
$82,381 |
4.6% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable |
$17,049 |
$13,572 |
25.6% |
Long-Term Debt |
No data |
No data |
No data |
Learn the ways of the balance sheet.
Cash Flow Highlights
The company didn't provide a cash-flow statement.
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