On Feb. 8, BorgWarner
- Sales increased 14.7%, thanks to a 20% increase in engine group sales.
- Net earnings adjusted for noncash charges grew 18.3% in 2006 to $549.1 million.
- EPS guidance for fiscal 2007 was raised slightly, to a range of $4.70-$4.90 per diluted share.
- The fourth-quarter dividend was hiked up 6% to $0.17 per share.
- BWA is rated an outperform by 29 All-Star players in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$1,201.7 |
$1,048.0 |
14.7% |
Net Profit* |
$40.9 |
$64.6 |
(36.7%) |
EPS |
$0.70 |
$1.12 |
(37.5%) |
Diluted Shares |
58.1 |
57.7 |
0.7% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
17.7% |
19.0% |
(1.4) |
Operating Margin |
1.0% |
8.6% |
(7.6) |
Net Margin |
3.4% |
6.2% |
(2.8) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$182.4 |
$130.3 |
40.0% |
Accounts Rec. |
$744.0 |
$626.1 |
18.8% |
Inventory |
$386.9 |
$332.0 |
16.5% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable* |
$843.4 |
$786.4 |
7.2% |
Long-Term Debt |
$569.4 |
$440.6 |
29.2% |
Learn the ways of the balance sheet.
Cash Flow Highlights
2006 |
2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$442.1 |
$396.5 |
11.5% |
Capital Expenditures* |
$268.3 |
$292.5 |
(8.3%) |
Free Cash Flow |
$173.8 |
$104.0 |
67.1% |
Find out why Fools always follow the money.
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Related Foolishness:
- Boogie-Woogie BorgWarner
- Foolish Forecast: Can Borg Bounce Back?
- Foolish Forecast: Can Johnson Control Its Numbers?
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.