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%)

*Net Profit does not include income from discontinued operations.

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

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

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.

Related Companies:

  • Oshkosh Truck (NYSE:OSK)
  • Volvo AB (NASDAQ:VOLV)
  • Brilliance China Ads (NYSE:CBA)
  • Federal Signal CP (NYSE:FSS)

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