On Jan. 4, Arrow International (NASDAQ:ARRO) released first-quarter earnings for the period ended Nov. 30.

  • Revenues increased 8.1%, reflecting strong sales for the company's products in Europe and improving sales in the United States.
  • Margins increased, thanks to favorable foreign exchange and lower manufacturing costs.
  • EPS increased 23.1%, with a rise in net profit of 22.5%.
  • The company targets net sales of $515 million to $525 million, and diluted EPS in a range of $1.40 to $1.48 for the full fiscal year 2007.

(Figures in millions, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$122.9

$113.6

8.1%

Net Profit

$14.5

$11.8

22.5%

EPS

$0.32

$0.26

23.1%

Diluted Shares

45.5

45.2

0.8%



Get back to basics with a look at the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

50.3%

49.4%

0.9

Operating Margin

17.7%

15.1%

2.7

Net Margin

11.8%

10.4%

1.4

*Expressed in percentage points.

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Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$172.4

$115.5

49.3%

Accounts Rec.

$101.2

$90.5

11.8%

Inventory

$106.2

$99.8

6.4%



Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

No Data

$17.8

No Data

Long-Term Debt

$0.0

$0.0

N/A

* Includes other non-current liabilities.

Learn the ways of the balance sheet.

Cash Flow Highlights

A statement of cash flow was not provided.

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Related Companies:

  • Kyphon (NASDAQ:KYPH)
  • West Pharmaceutical Services (NYSE:WST)
  • Ventana Medical Systems (NASDAQ:VMSI)
  • Integra Lifesciences (NASDAQ:IART)

Related Foolishness:

Integra is a Stock Advisor recommendation.

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