On April 24, The Corporate Executive Board
- Net sales increased by 18.5%, reflecting continued cross-sales to existing clients, new clients, and new program launches. The company advises companies on strategies and management.
- The company repurchased 1,618,000 shares during the quarter, so the diluted share count dropped almost 5% year over year.
- Management lowered its guidance for fiscal 2007, and it expects revenue growth to be 15% to 20%. Investors showed their disapproval Wednesday when shares opened down 19%.
- Corporate Executive Board, a Stock Advisor recommendation, still carries a four-star rating in Motley Fool CAPS, unchanged from last quarter.
(Figures in millions, except per-share data.)
Income Statement Highlights|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$124.5 |
$105.1 |
18.5% |
|
Net Profit |
$19.4 |
$17.1 |
13.1% |
|
EPS |
$0.50 |
$0.42 |
19.0% |
|
Diluted Shares |
39.1 |
41.1 |
(4.7%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
64.1% |
64.4% |
(0.2) |
|
Operating Margin |
20.5% |
20.7% |
(0.2) |
|
Net Margin |
15.6% |
16.3% |
(0.7) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$330.9 |
$345.2 |
(4.2%) |
|
Accounts Rec. |
$84.1 |
$74.2 |
13.4% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$46.2 |
$33.2 |
38.9% |
|
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$84.2 |
$50.2 |
67.7% |
|
Capital Expenditures |
$3.7 |
$4.9 |
(24.7%) |
|
Free Cash Flow |
$80.4 |
$45.3 |
77.8% |
Free cash flow is a Fool's best friend.
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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.
