On Feb. 26, advanced technical ceramic maker Ceradyne
- Net profit increased 135% to $37.7 million, up from $16.1 million in Q4 of 2005.
- For fiscal 2007, management expects sales and earnings per share to be in the range of $720 million to $740 million and $5.20-$5.40, respectively.
- The stock carries a sterling five-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$178.7 |
$114.2 |
56.6% |
Net Profit |
$37.7 |
$16.1 |
135.1% |
EPS |
$1.38 |
$0.63 |
119.0% |
Diluted Shares |
27.4 |
25.5 |
7.7% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
40.7% |
36.7% |
4.0 |
Operating Margin |
31.2% |
25.0% |
6.3 |
Net Margin |
21.1% |
14.1% |
7.1 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$204.1 |
$99.4 |
105.4% |
Accounts Rec. |
$77.2 |
$57.2 |
35.0% |
Inventory |
$73.1 |
$66.3 |
10.2% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable |
$35.5 |
$23.3 |
52.2% |
Long-Term Debt |
$121.0 |
$121.0 |
0.0% |
Learn the ways of the balance sheet.
Cash Flow Highlights
2006 |
2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$139.2 |
$21.1 |
559.3% |
Capital Expenditures |
$36.0 |
$20.2 |
78.1% |
Free Cash Flow |
$103.2 |
$0.9 |
11432.8% |
Find out why Fools always follow the money.
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