On April 25, technology conglomerate Corning
- Revenue increased a modest 3.6%, driven primarily by 11% growth in the telecommunications segment and a 15% rise in the environmental technologies segment.
- The company expects second-quarter sales to be in the range of $1.40 billion to $1.45 billion and EPS in the range of $0.30 to $0.33 before special items.
- Our Motley Fool CAPS investors tend to be bullish on the stock, collectively assigning it a four-star rating (out of five).
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$1,307 |
$1,262 |
3.6% |
|
Net Profit |
$327 |
$257 |
27.2% |
|
EPS |
$0.20 |
$0.16 |
25.0% |
|
Diluted Shares |
1,600 |
1,592 |
0.5% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
45.2% |
45.4% |
(0.2) |
|
Operating Margin |
10.3% |
2.5% |
7.7 |
|
Net Margin |
25.0% |
20.4% |
4.7 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$2,888 |
$2,478 |
16.5% |
|
Accounts Rec. |
$781 |
$696 |
12.2% |
|
Inventory |
$685 |
$616 |
11.2% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$551 |
$661 |
(16.6%) |
|
Long-Term Debt |
$1,466 |
$1,788 |
(18.0%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$193 |
$181 |
6.6% |
|
Capital Expenditures |
$262 |
$280 |
(6.4%) |
|
Free Cash Flow |
($69) |
($99) |
N/A |
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