On Jan. 31, semiconductor products maker Microchip Technology
- Net sales increased by 7% as the company shipped 21,444 new development systems -- the highest such number in its history.
- Management is anticipating net sales for Q4 '07 to be flat, with EPS around $0.33.
- Microchip Technology carries a middle-of-the-road three-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$251.0 |
$234.9 |
6.9% |
|
Net Profit |
$72.8 |
$40.1 |
81.6% |
|
EPS |
$0.33 |
$0.19 |
73.7% |
|
Diluted Shares |
220.9 |
215.7 |
2.4% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
59.6% |
59.7% |
(0.1) |
|
Operating Margin |
32.5% |
36.0% |
(3.6) |
|
Net Margin |
29.0% |
17.1% |
11.9 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$728.6 |
$992.4 |
(26.6%) |
|
Accounts Rec. |
$120.1 |
$112.0 |
7.2% |
|
Inventory |
$121.9 |
$114.6 |
6.3% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$253.2 |
$207.6 |
22.0% |
|
Long-Term Debt |
-- |
-- |
-- |
Learn the ways of the balance sheet.
Cash Flow Highlights
You'd think this $7.7 billion company could afford to prove a cash flow statement with earnings.
Find out why Fools always follow the money.
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