On Jan. 30, synthetic-fuel enterprise Headwaters
- Net sales fell 2%. The downturn in residential housing and remodeling hurt the construction materials segment.
- Operating margins decreased, primarily because of lower fixed-cost absorption and increased raw material costs.
- Construction of Headwaters' ethanol manufacturing facility should begin during the March 2007 quarter.
- Headwaters carries a four-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$274.9 |
$280.5 |
(2.0%) |
Net Profit |
$17.0 |
$28.3 |
(40.0%) |
EPS |
$0.37 |
$0.60 |
(38.3%) |
Diluted Shares |
48.4 |
48.6 |
(0.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
29.1% |
33.6% |
(4.5) |
Operating Margin |
12.3% |
17.9% |
(5.6) |
Net Margin |
6.2% |
10.1% |
(3.9) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$54.7 |
$24.5 |
123.4% |
Accounts Rec. |
$118.5 |
$149.7 |
(20.8%) |
Inventory |
$65.5 |
$64.0 |
2.4% |
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Accounts Payable |
$28.3 |
$39.5 |
(28.3%) |
Long-Term Debt |
$585.0 |
$598.4 |
(2.2%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
No data available. Boo! Hiss!
Find out why Fools always follow the money.
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Related Foolishness:
- Heavy Headwaters
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Headwaters is a Motley Fool Rule Breakers recommendation. Fool co-founder David Gardner and his team are always keeping their eyes out for groundbreaking companies. Full access to Rule Breakers is free for 30 days. Cemex is a Stock Advisor recommendation.
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