On Jan. 25, ZOLL Medical (NASDAQ:ZOLL) released first-quarter earnings for the period ended Dec. 31.

  • Net revenues increased by 16.6%, on the strength of improved order flow from the company's core hospital markets.
  • Operating margins and net margins both increased by 1.6%.
  • Sales to the North American pre-hospital market increased 20% to $25.6 million, thanks to the ZOLL Lifecor, which was aquired in April 2006.
  • ZOLL's board just approved a 2-for-1 stock split. The company's stock has been on a tear, nearly tripling in the past year.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$64,641

$55,460

16.6%

Net Profit

$2,352

$1,132

107.8%

EPS

$0.23

$0.12

91.7%

Diluted Shares

10,119

9,694

4.4%



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

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

56.1%

55.9%

0.2

Operating Margin

4.1%

2.5%

1.6

Net Margin

3.6%

2.0%

1.6

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$66,779

$45,204

47.7%

Accounts Rec.

$60,566

$48,006

26.2%

Inventory

$41,722

$37,545

11.1%



Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$15,554

$11,330

37.3%

Long-Term Debt

No Data

$0

N/A


Learn the ways of the balance sheet.

Cash Flow Highlights

No data available for cash flow statements. Lame.

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Related Companies:

  • St. Jude Medical (NYSE:STJ)
  • Medtronic (NYSE:MDT)
  • Zimmer Holdings (NYSE:ZMH)
  • Edwards Lifesciences (NYSE:EW)
  • Respironics (NASDAQ:RESP)

Related Foolishness:

Fifty-four Motley Fool CAPS players pick ZOLL Medical to outperform the market. Eight say it will underperform. Where do you stand? Join more than 20,000 fellow investors in the Fool's new stock-rating service and let your voice be heard.

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