On Oct. 25, sporting goods manufacturer K2
- A 4.9% increase in revenues underscored that K2 is still heavily dependent on the winter sports season.
- Total debt was reduced by $23.7 million to $414.2 million, though K2 did not break out long-term debt in the press release.
- The apparel and footwear segment showed strong 18.8% growth, thanks in large part to the Marmot Mountain outerwear line.
- K2 carries a two-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$356 |
$357 |
$340 |
4.9% |
|
Net Profit |
-- |
$22 |
$17 |
28.5% |
|
EPS |
$0.38 |
$0.40 |
$0.32 |
25.0% |
|
Diluted Shares |
55.4 |
55.2 |
0.4% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
38.59% |
36.77% |
1.82 |
|
Operating Margin |
10.84% |
9.41% |
1.43 |
|
Net Margin |
6.03% |
4.92% |
1.11 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$11 |
$17 |
(35.2%) |
|
Accounts Rec. |
$363 |
$343 |
5.8% |
|
Inventory |
$394 |
$373 |
5.6% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$78 |
$84 |
(7.8%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
This information wasn't available in the press release.
Find out why Fools always follow the money.
Related companies:
-
Quiksilver
(NYSE:ZQK) -
Columbia
Sportswear
(NASDAQ:COLM) -
Timberland
(NYSE:TBL)
Columbia Sportswear is a recommendation of Motley Fool Hidden Gems .
For a fun new way to do research on stocks, check out CAPS, the Fool's new investment community.
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, Fool contributor Rich Duprey owned shares of K2, but did not have positions in any of the other companies mentioned. Fool rules are here.
