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 |
Margins are the earnings engine. See how they work.
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 |
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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