On Oct. 24, truck maker Paccar (NASDAQ:PCAR) released third-quarter earnings for the period ended Sept. 30, 2006.
- Revenues and EPS came in ahead of Wall Street's expectations.
- The 19% revenue spike was helped by growth in each division.
- Management credited "balanced global diversification" and successful new truck models for the record quarter.
(Figures in millions, except per-share data)
Income Statement Highlights|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$3,933 |
$4,205 |
$3,541 |
18.8% |
|
Net Profit* |
-- |
$404 |
$305 |
32.4% |
|
EPS |
$1.48 |
$1.61 |
$1.18 |
36.4% |
|
Diluted Shares |
-- |
251 |
258 |
(2.7%) |
Get back to basics with a look at the income statement.
Margin Checkup|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
19.99% |
19.73% |
0.26 |
|
Operating Margin |
16.60% |
15.81% |
0.79 |
|
Net Margin |
9.60% |
8.61% |
0.99 |
Margins are the earnings engine. See how they work.
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$2,379 |
$1,709 |
39.2% |
|
Accounts Rec. |
$927 |
$775 |
19.6% |
|
Inventory |
$564 |
$587 |
(3.9%) |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$3,164 |
$2,797 |
13.1% |
|
Long-Term Debt |
$21 |
$29 |
(26.7%) |
Learn the ways of the balance sheet.
Cash Flow Highlights|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$1,301 |
$678 |
91.8% |
|
Capital Expenditures |
$616 |
$596 |
3.4% |
|
Free Cash Flow |
$685 |
$82 |
730.9% |
Find out why Fools always follow the money.
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Related Foolishness:
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