On Dec. 19 after the market closed, uniform-rental company Cintas
- Sales grew 10.5% to $923.3 million, continuing a long-term trend of strong top-line growth.
- Total diluted earnings grew 10.9% because of increased profitability and fewer shares outstanding.
- For fiscal 2007, management is projecting diluted earnings per share in the range of $2.10 to $2.20.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. |
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|---|
Sales |
$933,250 |
$923,266 |
$835,785 |
10.5% |
Net Profit |
-- |
$82,527 |
$76,839 |
7.4% |
EPS |
$0.52 |
$0.51 |
$0.46 |
10.9% |
Diluted Shares |
-- |
160,721 |
168,611 |
(4.7%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q2 2007 | Q2 2006 | Change* | |
---|---|---|---|
Gross Margin | 42.36% | 41.93% | 0.43 |
Operating Margin | 14.25% | 14.75% | (0.50) |
Net Margin | 8.94% | 9.19% | (0.25) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q2 2007 | Q2 2006 | Change |
---|---|---|---|
Cash + ST Invest. | $172,221 | $255,934 | (32.7%) |
Accounts Rec. | $405,042 | $359,696 | 12.6% |
Inventory | $217,575 | $213,807 | 1.8% |
Liabilities | Q2 2007 | Q2 2006 | Change |
---|---|---|---|
Accounts Payable | $79,144 | $58,557 | 35.2% |
Long-Term Debt | $561,796 | $461,890 | 21.6% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q2 2007 | Q2 2006 | Change | |
---|---|---|---|
Cash From Ops. | $227,334 | $205,899 | $21,435 |
Capital Expenditures | $81,321 | $70,181 | $11,140 |
Free Cash Flow | $146,013 | $135,718 | $10,295 |
Find out why Fools always follow the money.
Related Companies:
- Angelica
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(NYSE:UNF) - Aramark
(NYSE:RMK)
Related Foolishness:
- Foolish Fundamentals: Margins
- Foolish Fundamentals: Free Cash Flow
- Foolish Fundamentals: Return on Invested Capital
- Foolish Fundamentals: The Cash Flow Statement
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Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.