On Feb. 28, ceramic specialist and body armor maker Ceradyne
- Revenues rose 71% for the full year, and earnings per share rose 66%.
- Gross margins improved by 3.6 percentage points, but net margin fell by 9 basis points.
- Major increase in cash related to a recent follow-on share offering.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. | FY 2005 | FY 2004 | % Change | |
---|---|---|---|---|
Sales | $360,630 | $368,253 | $215,612 | 70.8% |
Net Profit | -- | $46,778 | $27,573 | 69.7% |
EPS | $1.82 | $1.86 | $1.12 | 66.1% |
Get back to basics with a look at the income statement.
Margin Checkup
FY 2005 | FY 2004 | % Change | |
---|---|---|---|
Gross Margin | 35.61% | 32.05% | 3.57% |
Op. Margin | 22.17% | 20.11% | 2.06% |
Net Margin | 12.70% | 12.79% | (0.09%) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q4 2005 | Q4 2004 | % Change |
---|---|---|---|
Cash+ ST Invest. | $99,381 | $14,562 | 582.5% |
Other Cur Assets | $155,080 | $120,085 | 29.1% |
Liabilities | Q4 2005 | Q4 2004 | % Change |
---|---|---|---|
Long-Term Debt | $121,000 | $108,625 | 11.4% |
Current Liabilities | $40,739 | $56,258 | (27.6%) |
Cash Flow Highlights
Data not provided. (Booo!)
Find out why Fools always follow the money.
Related Companies:
- DHB Industries
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(NYSE:GD) - Lockheed Martin
(NYSE:LMT) - Raytheon
(NYSE:RTN)
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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.
At the time of publication, Seth Jayson had shares of Ceradyne but no positions in any other firm mentioned. Fool rules are here.