On Mar. 21, FedEx
- Net profit fell by 1.9% in a "slowing economic environment." Higher transportation & fuel expenses were also to blame.
- Package volume grew 4% for the two largest segments, FedEx Express and FedEx Ground.
- The company expects fiscal 2008 earnings growth to lag its long-term target of 10%-15%, on account of slower economic growth and investments in the business.
-
Stock Advisor
recommendation FedEx carries a four-star rating in Motley Fool CAPS. Competitor UPS
(NYSE:UPS) , an Income Investor selection, has three-star rating.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$8,592.0 |
$8,003.0 |
7.4% |
|
Net Profit |
$420.0 |
$428.0 |
(1.9%) |
|
EPS |
$1.35 |
$1.38 |
(2.2%) |
|
Diluted Shares |
311.0 |
310.0 |
0.3% |
Get back to basics with the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Operating Margin |
7.5% |
8.9% |
(1.5) |
|
Net Margin |
4.9% |
5.4% |
(0.5) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,770.0 |
$1,121.0 |
57.9% |
|
Accounts Rec. |
No Data |
No Data |
No Data |
|
Inventory |
No Data |
No Data |
No Data |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
No Data |
No Data |
No Data |
|
Long-Term Debt |
$2,005.0 |
$2,209.0 |
(9.2%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$2,104.0 |
$2,219.0 |
(5.2%) |
|
Capital Expenditures |
$2,112.0 |
$1,856.0 |
13.8% |
|
Free Cash Flow |
($8.0) |
$363.0 |
N/A |
Free cash flow is a Fool's best friend.
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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
