On Feb. 9, Motley Fool Rule Breakers recommendation American Science and Engineering (NASDAQ:ASEI) released third-quarter earnings for the period ended Dec. 31.

  • Revenue for this maker of x-ray and screening security systems shot up 24% to $47.7 million, thanks to increases across all product lines.
  • EPS decreased by 9.5% to $0.86 per share. That included a $0.21 per share charge for stock-options expensing.
  • The stock garners a top five-star rating in Motley Fool CAPS.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q3 2007

Q3 2006

Change

Sales

$47,797

$38,540

24.0%

Net Profit

$8,072

$9,668

(16.5%)

EPS

$0.86

$0.95

(9.5%)

Diluted Shares

9,346

9,321

0.3%



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2007

Q3 2006

Change*

Gross Margin

45.9%

50.3%

(4.4)

Operating Margin

26.3%

32.8%

(6.5)

Net Margin

16.9%

25.1%

(8.2)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2007

Q3 2006

Change

Cash + ST Invest.

$120,390

$75,317

59.8%

Accounts Rec.

$35,226

$24,834

41.8%

Inventory

$18,790

$15,670

19.9%



Liabilities

Q3 2007

Q3 2006

Change

Accounts Payable

$7,827

$5,141

52.2%

Long-Term Debt

$9,027

$9,630

(6.3%)



Learn the ways of the balance sheet.

Cash Flow Highlights

2007

2006

Change

Cash From Ops.

$24,822

$35,780

(30.6%)

Capital Expenditures

$3,379

$7,468

(54.8%)

Free Cash Flow

$21,443

$28,312

(24.3%)



Find out why Fools always follow the money.

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Related Foolishness:

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