On Tuesday, FEI (NASDAQ:FEIC) -- which makes nanoscale equipment such as scanning electron microscopes -- released third-quarter earnings for the period ended Oct. 1.
- The results include a $1.4 million non-operating gain from the sale of a private company, and $1.5 million of stock-based compensation expense.
- Management said bookings and the backlog of unfilled orders grew to record levels.
- Fourth-quarter net sales are expected to be $125 million to $132 million, with earnings under generally accepted accounting principles between $0.17 and $0.22 per share.
- Our Motley Fool CAPS community rates the stock three out of five stars.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$117 |
$97 |
20.4% |
|
Net Profit |
$7 |
($5) |
N/A |
|
EPS |
$0.17 |
($0.15) |
N/A |
|
Diluted Shares |
40 |
34 |
17.6% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
40.99% |
37.51% |
3.48 |
|
Operating Margin |
6.35% |
(6.77%) |
13.12 |
|
Net Margin |
5.57% |
(5.25%) |
10.82 |
*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. |
$303 |
$207 |
46.6% |
|
Accounts Rec. |
$136 |
$109 |
25.0% |
|
Inventory |
$89 |
$98 |
(9.3%) |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$33 |
$30 |
7.0% |
|
Long-Term Debt |
$311 |
$225 |
38.2% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Not even an electron microscope could find a cash flow statement with this earnings release.
Find out why Fools always follow the money.
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