On Monday, Jan. 29, Motley Fool Income Investor pick Sysco
- Sales grew 7.5% to $8.6 billion. An inventory accounting adjustment reduced sales growth by 1.1%. Acquisitions contributed 1% to overall growth.
- Total diluted earnings grew 15.2%, as expense controls helped grow the bottom line faster than sales expansion.
- Free cash flow for the first two quarters came in at $226 million, compared to reported net income of $426 million.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$8,569 |
$7,971 |
7.5% |
|
Net Profit |
$237 |
$204 |
15.9% |
|
EPS |
$0.38 |
$0.33 |
15.2% |
|
Diluted Shares |
628 |
627 |
0.2% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q42 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
19.30% |
19.27% |
0.03 |
|
Operating Margin |
4.85% |
4.60% |
0.25 |
|
Net Margin |
2.76% |
2.56% |
0.20 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$186 |
$254 |
(26.8%) |
|
Accounts Rec. |
$2,551 |
$2,360 |
8.1% |
|
Inventory |
$1,718 |
$1,673 |
2.7% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$1,888 |
$1,813 |
4.1% |
|
Long-Term Debt |
$1,756 |
$1,828 |
(3.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Operations |
$540 |
$312 |
$229 |
|
Capital Expenditures |
$315 |
$233 |
$82 |
|
Free Cash Flow |
$226 |
$79 |
$147 |
Find out why Fools always follow the money.
Comparable companies:
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United Natural Foods
(NASDAQ:UNFI) -
AMCON Distributing
(AMEX:DIT) -
Vermont Pure Holdings
(AMEX:VPS) -
Performance Food Group Company
(NASDAQ:PFGC)
Related Foolishness:
Sysco is a Motley Fool Income Investor recommendation. To find other companies offering high-dividend returns, try a free 30-day trial of the newsletter.
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.
Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.
