On April 19, Armor Holdings
- Though sales doubled, net profits fell, because the company's top executives were paid large bonuses.
- Those bonuses also lowered full-year earnings guidance by $0.51 per share, down to a range of $4.29 to $4.69.
- Our Motley Fool CAPS investors love the stock, assigning it a sterling five-star rating.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$889.2 |
$445.4 |
99.6% |
|
Net Profit |
$36.0 |
$41.4 |
(13%) |
|
EPS |
$0.94 |
$1.11 |
(15.3%) |
|
Diluted Shares |
38.3 |
37.2 |
3% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
18.5% |
23.5% |
(5.0) |
|
Operating Margin |
7.8% |
14.8% |
(7.0) |
|
Net Margin |
4.1% |
9.3% |
(5.3) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$45.0 |
$40.0 |
12.5% |
|
Liabilities |
Q1 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Total Debt |
$896.0 |
$767.0 |
16.8% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($107.5) |
$28.3 |
N/A |
|
Capital Expenditures |
$10.2 |
$9.2 |
10.6% |
|
Free Cash Flow |
($117.7) |
$19.1 |
N/A |
Free cash flow is a Fool's best friend.
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