On April 23, defense and communications expert L-3 Communications
- Net sales increased by 13.6%, with 9.1% organic sales growth. Organic sales were driven by strong demand for government services, aircraft modernization, base support operations, intelligence, and surveillance.
- Management expects revenues in the range of $13.2 billion to $13.3 billion for fiscal '07, with diluted EPS of $5.65 to $5.75.
- The stock carries a solid four-star rating (out of five) in Motley Fool CAPS.
(Figures in millions, except per-share data.)
Income Statement Highlights|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$3,299.7 |
$2,903.8 |
13.6% |
|
Net Profit |
$162.1 |
$138.9 |
16.7% |
|
EPS |
$1.29 |
$1.13 |
14.2% |
|
Diluted Shares |
126.0 |
123.3 |
2.2% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
9.9% |
9.9% |
(0.1) |
|
Operating Margin |
9.9% |
9.9% |
(0.1) |
|
Net Margin |
4.9% |
4.8% |
0.1 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$387.1 |
$172.6 |
124.3% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Long-Term Debt |
$4,535.3 |
$4,633.8 |
(2.1%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$223.9 |
$187.5 |
19.4% |
|
Capital Expenditures |
$28.7 |
$27.1 |
5.9% |
|
Free Cash Flow |
$195.2 |
$160.4 |
21.7% |
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.
