On Feb. 15, Mohawk Industries
- Cash flow and EBITDA for the quarter were $236 million and $304 million, allowing the company to pay off $190 million in debt in the fourth quarter.
- As expected, the housing slump has hurt new residential and replacement carpet sales, but commercial carpet sales, as well as tile and ceramic flooring sales, have held up well.
- The company has kept margins high by keeping a watchful eye on them.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$1,898,594 |
$1,804,551 |
5.2% |
|
Net Profit |
$129,491 |
$99,633 |
30.0% |
|
EPS |
$1.90 |
$1.47 |
29.3% |
|
Diluted Shares |
68,058 |
67,860 |
.29% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
29.18% |
26.42% |
2.76 |
|
Operating Margin |
12.08% |
10.36% |
1.72 |
|
Net Margin |
6.82% |
5.52% |
1.30 |
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$63,492 |
$134,585 |
(52.8%) |
|
Accounts Rec. |
$851,428 |
$848,666 |
0.3% |
|
Inventory |
$1,225,874 |
$1,215,427 |
0.9% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$1,019,629 |
$998,105 |
2.2% |
|
Long-Term Debt |
$2,783,681 |
$3,308,370 |
(15.9%) |
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Armstrong World Industries
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Fool contributor Emil Lee is an analyst and a disciple of value investing. He doesn't own shares in any of the companies mentioned above. Emil appreciates your comments, concerns, and complaints. The Motley Fool has a disclosure policy.
