On Dec. 19, Chaparral Steel Company (NASDAQ:CHAP) released second-quarter earnings for the period ended Nov. 30.
- Sales increased by 16% to $403.4 million, as average selling prices for the quarter were nearly 18% higher than last year.
- Net profit almost doubled on higher metal margins and lower energy costs.
- The company initiated its first quarterly dividend of $0.10 per share.
- Chapparal has a four-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change | |
|---|---|---|---|
|
Sales |
$403.4 |
$348.1 |
15.9% |
|
Net Profit |
$67.5 |
$34.0 |
98.4% |
|
EPS |
$1.40 |
$0.72 |
94.4% |
|
Diluted Shares |
48.3 |
47.3 |
2.1% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
28.6% |
18.6% |
9.9 |
|
Operating Margin |
25.1% |
15.9% |
9.2 |
|
Net Margin |
16.7% |
9.8% |
7.0 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$323.7 |
$113.4 |
185.4% |
|
Accounts Rec. |
$170.7 |
$131.8 |
29.6% |
|
Inventory |
$191.0 |
$178.8 |
6.8% |
|
Q2 2007 |
Q2 2006 |
Change | |
|---|---|---|---|
|
Accounts Payable |
$75.1 |
$82.3 |
(8.7%) |
|
Long-Term Debt |
$300.0 |
$300.0 |
0% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$126.4 |
$161.1 |
(21.5%) |
|
Capital Expenditures |
$9.4 |
$8.1 |
15.8% |
|
Free Cash Flow |
$117.0 |
$153.0 |
(23.5%) |
Find out why Fools always follow the money.
Related Companies:
- Oregon Steel Mills (NYSE:OS)
- Cleveland-Cliffs (NYSE:CLF)
- Corus Group (NYSE:CGA)
Related Foolishness:
- Foolish Forecast: Channeling Chaparral
- Chaparral Not Looking Too Chapped
- Foolish Forecast: Checking on Chaparral
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