On April 24, CDW
- Sales improved by 17%, but that includes results from the acquisition of Berbee Information Networks, completed on Oct. 11, 2006. Excluding Berbee, sales rose 8%.
- Management says notebook computers, data storage, and software led to the strong showing.
- The Motley Fool Stock Advisor recommendation carries a strong four-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data.)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$1,859.1 |
$1,588.6 |
17% |
Net Profit |
$76.8 |
$61.7 |
24.5% |
EPS |
$0.96 |
$0.75 |
28% |
Diluted Shares |
80.2 |
82.0 |
(2.1%) |
Get back to basics with the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
16.2% |
16% |
0.2 |
Operating Margin |
6.3% |
5.9% |
0.4 |
Net Margin |
4.1% |
3.9% |
0.3 |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$480.2 |
$541.0 |
(11.2%) |
Accounts Rec. |
$835.3 |
$659.9 |
26.6% |
Inventory |
$283.0 |
$257.6 |
9.9% |
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Accounts Payable |
$392.2 |
$302.0 |
29.9% |
The balance sheet reflects the company's health.
Cash Flow Highlights
No cash flow statement included in the earnings release? How shareholder-unfriendly.
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.