On Jan. 8, OSI Restaurant Partners (NYSE:OSI) released third-quarter earnings for the period ended Sept. 30, 2006.
- Revenue went up 8.9% to $950.6 million, but net income declined 41.4%, mainly because of impairment charges and an increase in interest costs.
- Earnings per share declined by 39.5%, owing to the fall in net profit. This was slightly offset by a reduced number of outstanding diluted shares.
- Back in November, OSI agreed to a private equity buyout.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$950.6 |
$872.9 |
8.9% |
|
Net Profit |
$17.3 |
$29.5 |
(41.4%) |
|
EPS |
$0.23 |
$0.38 |
(39.5%) |
|
Diluted Shares |
75.2 |
76.8 |
(2.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
63.7% |
63.3% |
0.4 |
|
Operating Margin |
2.8% |
5.5% |
(2.7) |
|
Net Margin |
1.8% |
3.4% |
(1.6) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$46.7 |
$41.8 |
11.5% |
|
Accounts Rec. |
$0.0 |
$0.0 |
N/A |
|
Inventory |
$80.2 |
$57.6 |
39.2% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$90.9 |
$70.9 |
28.1% |
|
Long-Term Debt |
$239.3 |
$110.1 |
117.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$137.9 |
$187.3 |
(26.4%) |
|
Capital Expenditures |
$225.8 |
$215.2 |
4.9% |
|
Free Cash Flow |
($87.9) |
($27.9) |
N/A |
Find out why Fools always follow the money.
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