On Feb. 15, Drew Industries
- Fourth-quarter sales jumped 37%, partially thanks to FEMA-purchased trailers to assist in hurricane relief efforts. These purchases continue in 2006.
- The company saw strong operating margin growth from a weak year-ago quarter and price increases in 2005.
- Net of FEMA purchases and legal proceedings, diluted EPS grew 50%.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$168,720 |
$180,787 |
$132,330 |
+36.6% |
|
Net Profit |
-- |
$9,338 |
$3,451 |
+170.6% |
|
EPS |
$0.34 |
$0.43 |
$0.16* |
+168.8% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2005 |
Q4 2004 |
Change |
|
|---|---|---|---|
|
Gross Margin |
22.50% |
19.68% |
+2.83% |
|
Op. Margin |
8.66% |
4.81% |
+3.85% |
|
Net Margin |
5.17% |
2.61% |
+2.56% |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$5,085 |
$2,424 |
+109.8% |
|
Inventory |
$100,617 |
$72,332 |
+39.1% |
|
Accounts Rec. |
$33,583 |
$26,099 |
+28.7% |
|
Liabilities |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$62,093 |
$59,303 |
+4.7% |
|
Accounts Pay. |
$63,811 |
$42,082 |
+51.6% |
Inventories at work.
Cash Flow Highlights*
|
2005 |
2004 |
% Change |
|
|---|---|---|---|
|
Cash From Ops |
$32,102 |
$8,880 |
+261.5% |
|
Capital Expend. |
$26,092 |
$27,058 |
-3.6% |
|
Free Cash Flow |
$6,010 |
($18,178) |
N/A |
Find out why Fools always follow the money.
Related Companies:
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Coachmen Industries
(NYSE:COA) -
Fleetwood Enterprises
(NYSE:FLE) -
Thor Industries
(NYSE:THO)
Related Foolishness:
- See Drew's full-year results by the numbers.
- Winnebago Is Feeling the Love
- Smooth Sailing at Palm Harbor
- Lousy Offices, Great Investments
Drew Industries is a Motley Fool Hidden Gems selection.
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.
At the time of publication, Fool analyst Andy Cross did not own share in any company mentioned. Fool rules are here.
