On March 20, Chaparral Steel
- Year over year, net income leaped 27%, thanks to 12.1% sales growth and expanding margins.
- The average selling price per ton rose 13.2% year over year to $679 but was roughly flat versus last quarter.
- Management provided fiscal Q4 2007 EPS guidance of $1.35 per diluted share, a nice surprise above analysts' $1.20 projections.
- CHAP is a four-star stock in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$420.2 |
$374.6 |
12.1% |
|
Net Profit |
$62.5 |
$49.2 |
27.0% |
|
EPS |
$1.29 |
$1.03 |
25.2% |
|
Diluted Shares |
48.3 |
47.7 |
1.3% |
Get back to basics with the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
27.0% |
25.5% |
1.5 |
|
Operating Margin |
24.1% |
21.9% |
2.2 |
|
Net Margin |
14.9% |
13.1% |
1.7 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$365.5 |
$152.3 |
140.1% |
|
Accounts Rec. |
$182.9 |
$144.9 |
26.2% |
|
Inventory |
$189.5 |
$179.6 |
5.5% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$84.7 |
$76.9 |
10.1% |
|
Long-Term Debt |
$300.0 |
$300.0 |
0.0% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$185.4 |
$202.7 |
(8.5%) |
|
Capital Expenditures |
$15.2 |
$11.9 |
26.9% |
|
Free Cash Flow |
$170.3 |
$190.8 |
(10.7%) |
Free cash flow is a Fool's best friend.
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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.
