On Feb. 5, regional power company, potato packer, heavy construction contractor, and health imaging service provider Otter Tail
- The margin compression is an expected result of a maturing and more efficient Midwest power market.
- Where another power generation outfit would have shown lower revenues, Otter Tail's diversity picked up the slack with strong showings in manufacturing, trucking, and food ingredients, largely outweighing weakness in electric power and plastic pipes.
- And profits would have increased if it weren't for a non-cash charge of $3.3 million to account for uncertainty of capitalized interest included in the electric service revenues.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$286.7 |
$258.8 |
10.8% |
|
Net Profit |
$11.3 |
$12.7 |
(11.0%) |
|
EPS |
$0.38 |
$0.43 |
(11.6%) |
|
Diluted Shares |
29.7 |
29.6 |
0.6% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
33.1% |
38.4% |
(5.3) |
|
Operating Margin |
8.4% |
9.0% |
(0.6) |
|
Net Margin |
3.9% |
4.9% |
(1.0) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$6.8 |
$5.4 |
25.1% |
|
Accounts Rec. |
$145.3 |
$129.6 |
12.1% |
|
Inventory |
$103.0 |
$88.7 |
16.2% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$120.2 |
$97.2 |
23.6% |
|
Long-Term Debt |
$255.4 |
$258.3 |
(1.1%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
We don't have any cash flow information at this point. You can do better, guys!
Find out why Fools always follow the money.
Related Companies:
- TECO Energy (NYSE: TE)
- FPL Group (NYSE: FPL)
- Firstenergy (NYSE: FE)
- Constellation Energy Group (NYSE: CEG)
- Wisconsin Energy (NYSE: WEC)
Related Foolishness:
Constellation Energy is an Income Investor pick, and Otter Tail 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, Anders Bylund had no position in any company mentioned. Fool rules are here.
