- Earnings per share of $0.71 beat analyst expectations, but revenues were light of estimates.
- The bottom line's upside surprise still represents a 2.7% decline in earnings per share from the prior-year period.
- Margins declined across the board.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. | Q1 2006 | Q1 2005 | Change | |
|---|---|---|---|---|
Sales | $438,000 | $433,641 | $440,527 | (1.6%) |
Net Profit | -- | $115,913 | $121,832 | (4.9%) |
EPS | $0.67 | $0.71 | $0.73 | (2.7%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2006 | Q1 2005 | Change | |
|---|---|---|---|
Gross Margin | 75.97% | 77.21% | (1.24) |
Op. Margin | 45.28% | 46.38% | (1.10) |
Net Margin | 26.73% | 27.66% | (0.93) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q1 2006 | Q1 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $200,072 | $193,079 | 3.6% |
Inventory | $575,148 | $566,559 | 1.5% |
Accounts Rec. | $47,064 | $42,305 | 11.2% |
Liabilities | Q1 2006 | Q1 2005 | Change |
|---|---|---|---|
Long-Term Debt | $840,000 | $840,000 | 0% |
Accounts Pay. | $140,864 | $142,578 | (1.2%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q1 2006 | Q1 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $124,777 | $86,274 | 44.6% |
Capital Expend. | $4,763 | $13,564 | (64.9%) |
Free Cash Flow | $120,014 | $72,710 | 65.1% |
Find out why Fools always follow the money.
Related companies:
- Altria (NYSE:MO)
- Reynolds American (NYSE:RAI)
- Constellation Brands (NYSE:STZ)
- Diageo (NYSE:DEO)
Related Article:
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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 UST but no positions in any other firm mentioned. Fool rules are here.
