On Friday, Snap-on
- Sales grew $92.6 million, or 16.4%, to $656 million. Of the increase, $20.4 million was because of the acquisition of ProQuest Business Solutions in November.
- Total diluted earnings grew 38.7% to $0.64 per share, with $0.05 of that because of lower income tax expenses.
- Long-term debt more than doubled because of the acquisition. As a result, management expects $18 million to $20 million in higher interest expenses for 2007.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$656.0 |
$563.4 |
16.4% |
|
Net Profit |
$38.0 |
$27.2 |
38.7% |
|
EPS |
$0.64 |
$0.47 |
36.2% |
|
Diluted Shares |
59.2 |
58.7 |
0.9% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
43.4% |
43.9% |
(0.5) |
|
Operating Margin |
9.0% |
7.7% |
1.3 |
|
Net Margin |
5.8% |
4.9% |
0.9 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$63.4 |
$170.4 |
(62.8%) |
|
Accounts Rec. |
$559.2 |
$485.9 |
15.1% |
|
Inventory |
$323.0 |
$283.2 |
14.1% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$178.8 |
$135.4 |
32.1% |
|
Long-Term Debt |
$505.6 |
$201.7 |
150.7% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$203.4 |
$221.1 |
(8.0%) |
|
Capital Expenditures |
$50.5 |
$40.1 |
25.9% |
|
Free Cash Flow |
$152.9 |
$181.0 |
(15.5%) |
Find out why Fools always follow the money.
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Related Foolishness:
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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.
