On Feb. 6, Corporate Executive Board (NASDAQ:EXBD) released fourth-quarter earnings for the period ended Dec. 31.

  • Revenues increased 26% to $125.5 million on strong client renewals and cross-selling.
  • The company increased its quarterly dividend by 33% to $0.40 per share, payable in March.
  • For 2007, CEB expects annual revenue growth of 20%. Wall Street expected more, sending the stock down 14%.
  • Corporate Executive Board carries a four-star rating in Motley Fool CAPS, our community intelligence database.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$125.5

$99.8

25.7%

Net Profit

$23.2

$21.3

8.9%

EPS

$0.58

$0.52

11.5%

Diluted Shares

39.8

41.2

(3.3%)



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

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

64.4%

66.6%

(2.2)

Operating Margin

25.3%

28.9%

(3.6)

Net Margin

18.5%

21.3%

(2.8)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$290.9

$426.5

(31.8%)

Accounts Rec.

$153.1

$120.2

27.3%



Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$66.8

$42.4

57.4%

Long-Term Debt

$0.0

$0.0

N/A



Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005

Change

Cash From Ops.

$136.3

$181.5

(24.9%)

Capital Expenditures

$17.7

$8.7

103.9%

Free Cash Flow

$118.5

$172.8

(31.4%)



Find out why Fools always follow the money.

Related Companies:

  • Gartner (NYSE:IT)
  • Resources Connection (NASDAQ:RECN)
  • FTI Consulting (NYSE:FCN)

Related Foolishness:

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.

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