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Corporate Executive Board Can't Please the Street: Fool by Numbers

By Motley Fool Contributors – Updated Nov 14, 2016 at 11:28PM

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Fast facts the Fool way.

On April 24, The Corporate Executive Board (NASDAQ:EXBD) released earnings for the first quarter ended March 31.

  • Net sales increased by 18.5%, reflecting continued cross-sales to existing clients, new clients, and new program launches. The company advises companies on strategies and management.
  • The company repurchased 1,618,000 shares during the quarter, so the diluted share count dropped almost 5% year over year.
  • Management lowered its guidance for fiscal 2007, and it expects revenue growth to be 15% to 20%. Investors showed their disapproval Wednesday when shares opened down 19%.
  • Corporate Executive Board, a Stock Advisor recommendation, still carries a four-star rating in Motley Fool CAPS, unchanged from last quarter.

(Figures in millions, except per-share data.)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$124.5

$105.1

18.5%

Net Profit

$19.4

$17.1

13.1%

EPS

$0.50

$0.42

19.0%

Diluted Shares

39.1

41.1

(4.7%)

Get back to basics with the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

64.1%

64.4%

(0.2)

Operating Margin

20.5%

20.7%

(0.2)

Net Margin

15.6%

16.3%

(0.7)

*Expressed in percentage points

Margins are the earnings engine.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$330.9

$345.2

(4.2%)

Accounts Rec.

$84.1

$74.2

13.4%

Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable*

$46.2

$33.2

38.9%

Long-Term Debt

$0.0

$0.0

N/A

*Includes accrued liabilities

The balance sheet reflects the company's health.

Cash Flow Highlights

Q1 2007

Q1 2006

Change

Cash From Ops.

$84.2

$50.2

67.7%

Capital Expenditures

$3.7

$4.9

(24.7%)

Free Cash Flow

$80.4

$45.3

77.8%

Free cash flow is a Fool's best friend.

Related Foolishness:

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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.

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