On May 3, Procter & Gamble
- Sales of $17.25 billion came up $350 million short of Street expectations.
- Margins improved across the board, thanks to pricing power, increased volume, and cost savings.
- Management raised the mid-point of full-year guidance by $0.02 because of what it said was "strong business performance" and good progress in integrating Gillette, which it acquired last March.
(Figures in millions, except per-share data)
Income Statement Highlights|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$17,600 |
$17,250 |
$14,287 |
20.7% |
|
Net Profit |
-- |
$2,211 |
$1,614 |
37% |
|
EPS |
$0.61 |
$0.63 |
$0.59 |
6.8% |
Get back to basics with a look at the income statement.
Margin Checkup|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Gross Margin |
51.65% |
50.62% |
1.03 |
|
Op. Margin |
19.43% |
17.79% |
1.63 |
|
Net Margin |
12.82% |
11.30% |
1.52 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$10,199 |
$8,778 |
16.2% |
|
Inventory |
$6,732 |
$5,270 |
27.7% |
|
Accounts Rec. |
$5,404 |
$4,396 |
22.9% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Long-Term Debt |
$33,916 |
$12,936 |
162.2% |
|
Accounts Pay. |
$4,063 |
$3,407 |
19.3% |
Learn the ways of the balance sheet.
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops |
$8,185 |
$6,589 |
24.2% |
|
Capital Expend. |
$1,666 |
$1,386 |
20.2% |
|
Free Cash Flow |
$6,519 |
$5,203 |
25.3% |
Find out why Fools always follow the money.
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Related Foolishness:
- How did Q2 go? Find out here.
- Forget the Pampers. How about some P&G stock for your little tyke?
- For P&G, less is more.
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.
Unilever is a Motley Fool Income Investor selection. Colgate-Palmolive is a Motley Fool Inside Value pick. Check out our entire suite of newsletters by clicking here.
Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what is in his portfolio by checking Tim's Fool profile. The Motley Fool has an ironclad disclosure policy.
