On Thursday, Feb. 1, Mylan Laboratories (NYSE:MYL) released third-quarter earnings for the period ended Dec. 31.

  • Net revenue increased 29.1% to $401.8 million thanks to new products.
  • Margins were up considerably across the board, leading to significant EPS growth.
  • Players in our Motley Fool CAPS stock ratings database are generally bullish on Mylan's prospects, awarding it four stars.

(Figures in millions, except per-share data)

Income Statement Highlights

Q3 2007

Q3 2006

Change

Sales

$401.8

$311.2

29.1%

Net Profit

$135.4

$48.2

181.0%

EPS

$0.63

$0.22

186.4%

Diluted Shares

216.0

218.7

(1.3%)



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

Margin Checkup

Q3 2007

Q3 2006

Change*

Gross Margin

55.9%

50.1%

5.8

Operating Margin

45.7%

25.1%

20.6

Net Margin

33.7%

15.5%

18.2

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2007

Q3 2006

Change

Cash + ST Invest.

$466.0

$557.1

(16.4%)

Accounts Rec.

$312.3

$212.2

47.1%

Inventory

$314.9

$253.7

24.1%



Liabilities

Q3 2007

Q3 2006

Change

Accounts Payable

No Data

$55.7

No Data

Long-Term Debt

$687.0

$770.9

(10.9%)



Learn the ways of the balance sheet.

Cash Flow Highlights
A statement of cash flows wasn't provided.

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Related companies:

  • Barr Pharmaceuticals (NYSE:BRL)
  • Watson Pharmaceuticals (NYSE:WPI)
  • Par Pharmaceutical (NYSE:PRX)
  • Forest Laboratories (NYSE:FRX)
  • Teva Pharmaceutical Industries (NASDAQ:TEVA)

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