On April 4, Greenbrier Companies
- Sluggish growth in demand for new railcars kept revenue relatively flat, compared to 2006.
- A special charge of $16.5 million associated with impairment of assets, combined with an $8.6 million tax benefit, created a net operating loss of $7.9 million.
(Figures in thousands/millions, except per-share data)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$239,978 |
$236,214 |
1.6% |
|
Net Profit |
($6,071) |
$8,563 |
N/A |
|
EPS |
($0.38) |
$0.54 |
N/A |
|
Diluted Shares |
16,022 |
15,911 |
0.7% |
Get back to basics with the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
13.26% |
17.01% |
(3.75) |
|
Operating Margin |
(5.78%) |
6.74% |
(12.52) |
|
Net Margin |
(2.53%) |
3.63% |
(6.16) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$6,169 |
$142,894 |
(95.7%) |
|
Accounts Rec. |
$164,867 |
$102,167 |
61.4% |
|
Inventory |
$230,287 |
$118,644 |
94.1% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$239,212 |
$160,160 |
49.4% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($76,705) |
($23,220) |
N/A |
|
Capital Expenditures |
$78,352 |
$61,624 |
27.1% |
|
Free Cash Flow |
($155,057) |
($84,844) |
N/A |
Free cash flow is a Fool's best friend.
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Fool contributor Emil Lee is an analyst and a disciple of value investing. He doesn't own shares in any of the companies mentioned above. Emil appreciates your comments, concerns, and complaints. The Motley Fool has a disclosure policy.
