After the market closed Dec. 7, lift-truck equipment manufacturer Cascade (NYSE:CAE) released third-quarter 2006 earnings for the period ended Oct. 31. Here are the quick-and-dirty details for the quarter.
- Sales grew 9.1%. 7% of the growth was attributed to higher business activity, while 2% came from foreign currency benefits. By region, China led the way with 30% growth, followed by Europe, which grew 19%, and the U.S., up 10%.
- Diluted earnings grew 11.9% to $0.94. Regionally, only Europe posted negative operating income.
- On Jan. 19, 2007, Cascade will pay a $0.16-per-share dividend to shareholders on record as of Jan. 3.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$119,000 |
$122,809 |
$112,599 |
9.1% |
|
Net Profit |
-- |
$12,283 |
$10,828 |
13.4% |
|
EPS |
$0.89 |
$0.94 |
$0.84 |
11.9% |
|
Diluted Shares |
-- |
13,050 |
12,966 |
0.6% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
32.13% |
32.70% |
(0.57) |
|
Operating Margin |
15.64% |
15.24% |
0.40 |
|
Net Margin |
10.00% |
9.62% |
0.38 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$64,062 |
$59,468 |
7.7% |
|
Accounts Rec. |
$80,979 |
$71,002 |
14.1% |
|
Inventory |
$54,791 |
$52,157 |
5.1% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$24,100 |
$21,288 |
13.2% |
|
Long-Term Debt |
$12,500 |
$25,085 |
(50.2%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$35,513 |
$38,770 |
($3,257) |
|
Capital Expenditures |
$10,221 |
$7,178 |
$3,043 |
|
Free Cash Flow |
$25,292 |
$31,592 |
($6,300) |
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Related Companies:
- Caterpillar (NYSE:CAT)
- Deere (NYSE:DE)
- Toyota (NYSE:TM)
Related Foolishness:
- Foolish Fundamentals: Margins
- Foolish Fundamentals: Free Cash Flow
- Foolish Fundamentals: Return on Invested Capital
- Foolish Fundamentals: The Cash Flow Statement
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.
Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. The Fool has an ironclad disclosure policy. Feel free to email him with feedback or to discuss any companies mentioned further.
