On April 19, St. Jude Medical (NYSE:STJ) released first-quarter earnings for the period ended March 31.

  • St. Jude posted solid gains in both revenue and EPS.
  • Fortune magazine named the company as one of "America's Most Admired Companies" for 2007.
  • The company is expecting consolidated earnings per share for the full year 2007 to be in the range of $1.72 to $1.77. This was an increase over prior guidance.
  • If you want the full scoop on St. Jude's earnings report, check out this Fool's Take.

(Figures in millions, except per-share data.)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$887.0

$784.4

13.1%

Net Profit

$145.7

$137.1

6.3%

EPS

$0.41

$0.36

13.9%

Diluted Shares

359.3

385.0

(6.7%)

Get back to basics with the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

73.1%

73.4%

(0.4)

Operating Margin

23.0%

23.8%

(0.8)

Net Margin

16.4%

17.5%

(1.0)

*Expressed in percentage points.

Margins are the earnings engine.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$111.4

$392.7

(71.6%)

Accounts Rec.

$905.1

$784.9

15.3%

Inventory

$477.5

$403.9

18.2%

Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

No Data

No Data

No Data

Long-Term Debt

$1,112.2

$177.1

527.9%

The balance sheet reflects the company's health.

Cash Flow Highlights
A statement of cash flow was not provided.

Free cash flow is a Fool's best friend.

Related Foolishness:

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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.