On April 16, Steel Dynamics (NASDAQ:STLD) released first-quarter earnings for the period ended March 31.
- EPS climbed 33% year-over-year to $1.01, largely thanks to accretive acquisitions.
- Operating profit per ton shipped decreased 9% from Q4 2006 to $136 in this latest quarter.
- The company's expectation for EPS in Q2 2007 is in the range of $0.95 to $1.00.
- The steel industry is a popular one in Motley Fool CAPS:
|
Company |
Motley Fool CAPS Rating |
|---|---|
|
Steel Dynamics |
**** |
|
US Steel (NYSE:X) |
*** |
|
Nucor (NYSE:NUE) |
**** |
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Sales |
$865.7 |
$665.9 |
30.0% |
|
Net Profit |
$102.2 |
$76.0 |
34.3% |
|
EPS |
$1.01 |
$0.76 |
32.9% |
|
Diluted Shares |
101.6 |
101.0 |
0.7% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
25.0% |
24.0% |
1.1 |
|
Operating Margin |
19.8% |
19.7% |
0.1 |
|
Net Margin |
11.8% |
11.4% |
0.4 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$28.3 |
$195.7 |
(85.5%) |
|
Accounts Rec. |
$422.0 |
$260.9 |
61.7% |
|
Inventory |
$626.2 |
$381.5 |
64.1% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$225.5 |
$180.1 |
25.2% |
|
Long-Term Debt |
$357.7 |
$432.8 |
(17.4%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
2007 |
2006 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$148.4 |
$137.4 |
8.0% |
|
Capital Expenditures |
$53.9 |
$14.6 |
269.8% |
|
Free Cash Flow |
$94.5 |
$122.9 |
(23.1%) |
Related Foolishness:
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