On March 8, oven maker Middleby
- The market liked the results, sending the stock up 11%.
- Acquisitions accounted for slightly more than half of sales growth.
- Management is optimistic about new products in the pipeline that will focus on speedy cooking, energy savings, and automation.
- This Motley Fool Hidden Gems recommendation scores a top-of-the-line five-star rating in Motley Fool CAPS.
(Figures in thousands, except per-share data.)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$98,294 |
$76,930 |
27.8% |
Net Profit |
$11,059 |
$7,233 |
52.9% |
EPS |
$1.34 |
$0.88 |
52.3% |
Diluted Shares |
8,263 |
8,193 |
0.9% |
Get back to basics with the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
39.7% |
38.4% |
1.4 |
Operating Margin |
20.8% |
17.4% |
3.5 |
Net Margin |
11.3% |
9.4% |
1.9 |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$3,534 |
$3,908 |
(9.6%) |
Accounts Rec. |
$51,580 |
$38,552 |
33.8% |
Inventory |
$47,292 |
$40,989 |
15.4% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable |
$19,689 |
$17,576 |
12.0% |
Long-Term Debt |
$65,964 |
$107,815 |
(38.8%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
The one big negative with Middleby is we still get no cash flow statement with earnings. Bummer.
Free cash flow is a Fool's best friend.
Related Foolishness:
- The Best Small Cap for 2007: Middleby
- Middleby's Piping Hot Quarter
- Foolish Forecast: TurboChef Fires Up
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.
Discover more superior small-cap stock selections with a free 30-day trial to Motley Fool Hidden Gems.
This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.