FormFactor Shapes Up: Fool by Numbers

On Oct. 25, FormFactor (Nasdaq: FORM  ) released third-quarter earnings for the period ended Sept 30.

• Revenues increased 55.1% due to high demand for advanced probe cards.
• Bookings for the third quarter increased by 44% over the same quarter last year.
• Year to date, the company has increased earnings per diluted share by 91% year over year.

(Figures in millions, except per-share data)

Income Statement Highlights

	Avg. Est.	Q3 2006	Q3 2005	Change
Sales	$95	$97	$62	55.1%
Net Profit	--	$16	$10	61.8%
EPS	$0.33	$0.33	$0.23	43.5%
Diluted Shares	--	48	42	16.1%

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

Margin Checkup

	Q3 2006	Q3 2005	Change*
Gross Margin	51.95%	45.35%	6.60
Operating Margin	19.59%	13.68%	5.91
Net Margin	16.35%	15.68%	0.67

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets	Q3 2006	Q3 2005	Change
Cash + ST Invest.	$457	$202	127%
Accounts Rec.	$54	$35	52.5%
Inventory	$26	$14	82.6%

Liabilities	Q3 2006	Q3 2005	Change
Accounts Payable	$27	$19	45.4%

Learn the ways of the balance sheet.

Cash Flow Highlights

No cash flow statement provided. (Bad form!)

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Related Companies:

• Advantest (NYSE: ATE  )
• Cascade Microtech (Nasdaq: CSCD  )
• Analog Devices (NYSE: ADI  )

Related Foolishness:

• Applied Precision's FormFactor Connection
• Analog Devices Comes Up Short: Fool by Numbers
• Analog Devices Sucked Into the Market Vortex

FormFactor is a Motley Fool Hidden Gems pick.

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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.