On Friday, Jan. 19, Johnson Controls
- Sales grew 11.9% to $1.5 billion as building efficiency and power solutions offset an 11% fall in automotive sales.
- Total diluted earnings fell 3.5%.
- Management is targeting 6% sales growth for 2007 and diluted earnings from continuing operations of $6, or 14% growth from 2006.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$8,210 |
$7,528 |
9.1% |
|
Net Profit |
$162 |
$165 |
(1.8%) |
|
EPS |
$0.82 |
$0.85 |
(3.5%) |
|
Diluted Shares |
198 |
195 |
1.5% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
13.08% |
12.25% |
0.83 |
|
Operating Margin |
2.05% |
2.22% |
(0.17) |
|
Net Margin |
1.97% |
2.19% |
(0.22) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$252 |
$168 |
50.0% |
|
Accounts Rec. |
$5,648 |
$5,691 |
(0.8%) |
|
Inventory |
$1,784 |
$1,579 |
13.0% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$4,970 |
$5,128 |
(3.1%) |
|
Long-Term Debt |
$4,255 |
$4,002 |
6.3% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$152 |
$14 |
$138 |
|
Capital Expenditures |
$230 |
$69 |
$161 |
|
Free Cash Flow |
($78) |
($55) |
($23) |
Find out why Fools always follow the money.
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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.
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.
