On May 23, PolyMedica
- Revenues surged by 26.8% thanks to the company's pharmacy segment, where revenue jumped 81% due to the rise in the patients served through the company's Medicare Part D drug benefit program.
- For the fiscal year ending 2008, revenues are expected to grow by 18%-21% and earnings per share in the range of $2.10-$2.20.
- PolyMedica expects operating cash flow to be $80 million to $90 million with capital expenditures of $10 million to $15 million in fiscal 2008.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q4 2007 |
Q4 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$178.3 |
$140.6 |
26.8% |
|
Net Profit* |
$10.0 |
$7.8 |
28.5% |
|
EPS |
$0.43 |
$0.33 |
30.3% |
|
Diluted Shares |
23.3 |
23.7 |
(1.9%) |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2007 |
Q4 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
46% |
50% |
(4.0) |
|
Operating Margin |
9.8% |
9.7% |
0.1 |
|
Net Margin |
5.6% |
5.5% |
0.1 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$2.1 |
$9.1 |
(77%) |
|
Accounts Rec. |
$117.3 |
$104.0 |
12.8% |
|
Inventory |
$37.6 |
$34.5 |
9% |
|
Liabilities |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$61.4 |
$47.0 |
30.6% |
|
Long-Term Debt |
$241.0 |
$191.1 |
26.1% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
2007 |
2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$55.3 |
$11.4 |
384.9% |
|
Capital Expenditures |
$10.1 |
$12.7 |
(20.5%) |
|
Free Cash Flow |
$45.2 |
($1.3) |
N/A |
Free cash flow is a Fool's best friend.
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