On Wednesday, Jan. 17, motion control systems manufacturer Parker Hannifin
- Sales rose 16.4% to $2.5 billion.
- Income from continuing operations rose 53% to $264.8 million, or $1.64 per share, compared to the $1.07 per-share showing last year, but included a $0.09 per-share benefit for increasing research activities.
- Parker Hannifin's international industrial segment income rose 79%, to $121.8 million, on sales of $922 million.
- Parker Hannifin has a two-star rating in Motley Fool CAPS.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$2,511 |
$2,158 |
16.4% |
|
Net Profit |
$193 |
$129 |
49.6% |
|
EPS |
$1.64 |
$1.10 |
49.1% |
|
Diluted Shares |
118 |
120 |
(2.0%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
22.83% |
21.21% |
1.62 |
|
Operating Margin |
10.54% |
8.13% |
2.41 |
|
Net Margin |
7.69% |
5.98% |
1.71 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$157 |
$313 |
(49.9%) |
|
Accounts Rec. |
$1,524 |
$1,250 |
21.9% |
|
Inventory |
$1,314 |
$1,154 |
13.9% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$701 |
$584 |
20.0% |
|
Long-Term Debt |
$1,066 |
$1,083 |
(1.5%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$308 |
$420 |
(26.8%) |
|
Capital Expenditures |
$115 |
$106 |
9.0% |
|
Free Cash Flow |
$192 |
$314 |
(38.8%) |
Kudos to Parker Hannifin for including a cash flow statement!
Find out why Fools always follow the money.
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Related Foolishness:
- Foolish Forecast: Parker Hannifin Remains in Motion
- Parker Hannifin: "Industrial" Isn't a Bad Word
- Does Parker Hannifin Have a Second Act?
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, Rich Duprey had no positions in any of the companies mentioned in the article. Fool rules are here.
