On Oct. 24, Corporate Executive Board
- EPS came in ahead of analyst estimates.
- Revenues saw an increase of 26.7% because of successful cross-selling and new clients.
- Net profit grew 7.7%, despite some margin deterioration.
- Free cash flow declined by 37.8% to $64 million, partially because of an accounting adjustment to operating cash flow for stock options.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$119 |
$118 |
$93 |
26.7% |
|
Net Profit |
-- |
$21 |
$20 |
7.7% |
|
EPS |
$0.50 |
$0.52 |
$0.47 |
10.6% |
|
Diluted Shares |
-- |
40 |
41 |
(2.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
63.88% |
66.74% |
(2.86) |
|
Operating Margin |
23.84% |
27.61% |
(3.77) |
|
Net Margin |
17.83% |
20.97% |
(3.14) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$243 |
$336 |
(27.5%) |
|
Accounts Rec. |
$74 |
$54 |
36% |
|
Inventory |
No Data |
No Data |
No Data |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$33 |
$30 |
11.5% |
|
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$77 |
$117 |
(34%) |
|
Capital Expenditures |
$13 |
$15 |
(7.1%) |
|
Free Cash Flow |
$64 |
$103 |
(37.8%) |
Find out why Fools always follow the money.
Related Companies:
-
Ceridian
(NYSE:CEN) -
Gartner
(NYSE:IT)
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