On Oct. 31, oilfield services firm BJ Services (NYSE:BJS) released fourth-quarter earnings for the period ended Sept. 30.

  • A rebound in Canadian activity and improvements in Africa, Latin America, and the Middle East led to a 36% revenue increase.

  • Net profit and earnings per share were also up nicely.

  • Cash and cash equivalents decreased $290.4 million from the previous quarter to $92.4 million, primarily as a result of share repurchases. Management was stingy with other balance sheet and cash flow info, however.

  • Our Motley Fool CAPS community is bullish on the stock; the investors in our stock-rating service give it four out of five stars.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$1,216

$892

36.3%

Net Profit*

$229

$134

70.3%

EPS

$0.76

$0.41

85.4%

Diluted Shares

301

328

(8.2%)

*Net profit does not include income from discontinued operations.

Get back to basics with a look at the income statement.

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

34.26%

30.21%

4.05

Operating Margin

27.96%

20.45%

7.51

Net Margin

18.80%

15.05%

3.75

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights
Not even minimal balance sheet info in the earnings release? Boo!

Learn the ways of the balance sheet.

Cash Flow Highlights
And no cash flow statement, either. Hiss!

Find out why Fools always follow the money.

Related Companies:

  • Baker Hughes (NYSE:BHI)
  • Grant Prideco (NYSE:GRP)
  • Halliburton (NYSE:HAL)
  • Schlumberger (NYSE:SLB)

Related Foolishness:

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