On Dec. 20, worldwide shipper and Motley Fool Stock Advisor recommendation FedEx
- Revenues jumped 10% thanks to increased total combined average daily package volume at FedEx Express and FedEx Ground, which grew by 7%.
- Operating margin was under pressure as a result of costs associated with the new pilot labor contract.
- The company recently acquired ANC Holdings, a U.K. domestic express transportation company, and entered into an agreement to acquire Prakash Air Freight, its Indian express service provider.
- Due to higher fuel costs, management is tightening its annual earnings guidance range to $6.35 to $6.65 per share, and third-quarter earnings are expected to be in the range of $1.20 to $1.35.
- Rich Smith gives his take on the company's quarter, and its future, in "FedEx Is Just Fine."
- The stock rates a solid four (out of five) stars in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$8,926.0 |
$8,090.0 |
10.3% |
|
Net Profit |
$511.0 |
$471.0 |
8.5% |
|
EPS |
$1.64 |
$1.53 |
7.2% |
|
Diluted Shares |
311.0 |
308.0 |
1% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Operating Margin |
9.4% |
9.8% |
(0.4) |
|
Net Margin |
5.7% |
5.8% |
(0.1) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,855 |
$786 |
136% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Long-Term Debt |
$2,047 |
$2,203 |
(7.1%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$1,348 |
$1,135 |
18.8% |
|
Capital Expenditures |
$1,459 |
$1,326 |
10% |
|
Free Cash Flow |
($111) |
($191) |
N/A |
Find out why Fools always follow the money.
Related Companies:
-
United Parcel Service
(NYSE:UPS) -
Expeditors International of Washington
(NASDAQ:EXPD) -
CH Robinson Worldwide
(NASDAQ:CHRW)
Related Foolishness:
- Fool on Call: Happy Associates, Happy FedEx
- Foolish Forecast: FedEx Flying In
- Send Packages for Less
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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
UPS is an Income Investor pick.
