On Oct. 19, vehicle-armor and security-products maker Armor Holdings
- Revenue grew 25.7% to $563 million, while EPS declined 21.6% to $0.58.
- "Lumpiness" is the word of the day on the cash-from-operations line. A big increase there led free cash flow out of negative territory to $89.1 million in the black.
- Long-term debt increased to help fund the acquisition of S&S.
(Figures in millions, except per-share data)
Income Statement Highlights|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$641.8 |
$562.8 |
$447.7 |
25.7% |
|
Net Profit |
-- |
$21.3 |
$26.5 |
(19.6%) |
|
EPS |
$0.6 |
$0.6 |
$0.7 |
(21.6%) |
|
Diluted Shares |
-- |
$37.0 |
$36.0 |
2.8% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
18.61% |
22.21% |
(3.60) |
|
Operating Margin |
7.21% |
9.49% |
(2.28) |
|
Net Margin |
3.78% |
5.92% |
(2.14) |
Margins are the earnings engine. See how they work.
Assets | Sept. 30, 2006 | Dec. 31, 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $8 | $500 | (98.4%) |
Liabilities | Sept. 30, 2006 | Dec. 31, 2005 | Change |
|---|---|---|---|
Long-Term Debt | $735 | $497 | 47.9% |
Learn the ways of the balance sheet.
Cash Flow HighlightsYTD 2006 | YTD 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $95.9 | $1.4 | 6535.3% |
Capital Expenditures | $6.8 | $2.9 | 134.8% |
Free Cash Flow | $89.1 | ($1.5) | N/A |
Find out why Fools always follow the money.
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