On April 19, health-care IT provider Cerner (NASDAQ:CERN) released first-quarter earnings for the period ended March 31.
• First-quarter bookings rose 35% year over year to a Q1 record of $353 million.
• Management forecasts revenues in the range of $370 million-$380 million and $1.54 billion-$1.57 billion for the second quarter and fiscal year 2007, respectively.
• For the second quarter, the company expects diluted earnings per share between $0.36 and $0.37.
• In Motley Fool CAPS, the stock has achieved a solid four-star rating.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Sales |
$365.9 |
$321.2 |
13.9% |
|
Net Profit |
$27.6 |
$20.1 |
36.9% |
|
EPS |
$0.33 |
$0.25 |
32.0% |
|
Diluted Shares |
82.6 |
81.4 |
1.5% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
37.2% |
35.4% |
1.9 |
|
Operating Margin |
12.0% |
10.0% |
2.1 |
|
Net Margin |
7.5% |
6.3% |
1.3 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$276.8 |
$278.8 |
(0.7%) |
|
Accounts Rec. |
$358.3 |
$320.4 |
11.8% |
|
Inventory |
$13.0 |
$12.3 |
5.7% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$80.1 |
$58.1 |
38.0% |
|
Long-Term Debt |
$188.0 |
$191.6 |
(1.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
No cash flow statement. What were they thinking?
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