On Jan. 29, Cemex
- Sales increased by 13% due to higher cement, ready-mix, and aggregates volumes, and better supply-demand dynamics.
- Free cash flow declined by 51% primarily because of a substantial increase in capital spending for expansion.
- In the fourth quarter, Cemex announced an offer to acquire all of the outstanding shares of Rinker Group
(NYSE:RIN) . Rinker, however, is still driving a hard bargain. - Cemex is a Stock Advisor recommendation and carries a five-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$4,473.5 |
$3,962.6 |
12.9% |
|
Net Profit |
$377.1 |
$243.9 |
54.6% |
|
EPS |
$0.52 |
$0.35 |
48.6% |
|
Diluted Shares |
729.4 |
704.8 |
3.5% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
32.9% |
34.4% |
(1.5) |
|
Operating Margin |
13.7% |
12.8% |
0.9 |
|
Net Margin |
8.4% |
6.2% |
2.3 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,578.8 |
$601.5 |
162.5% |
|
Accounts Rec. |
$1,410.7 |
$1,592.7 |
(11.4%) |
|
Inventory |
$1,193.0 |
$1,037.2 |
15.0% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
No Data |
No Data |
No Data |
|
Net Debt |
$5,811.0 |
$8,665.0 |
(32.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$878.0 |
$637.0 |
37.8% |
|
Capital Expenditures* |
$717.0 |
$312.0 |
129.8% |
|
Free Cash Flow |
$161.0 |
$325.0 |
(50.5%) |
Find out why Fools always follow the money.
Related companies:
-
Lafarge
(NYSE:LR) -
U.S. Concrete
(NASDAQ:RMIX) -
Eagle Materials
(NYSE:EXP) -
Vulcan Materials
(NYSE:VMC)
Related Foolishness:
For more stocks from the top of Tom and David Gardner's list, try a free 30-day guest pass to Motley Fool Stock Advisor.
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.
