On April 24, toolmaker Snap-On
- Revenue ratcheted up 19.6%, driven by strong demand for commercial and industrial tools in Europe and the acquisition of Snap-on Business Solutions.
- The acquisition does come with costs, however. Snap-on anticipates approximately $24 million in 2007 interest expenses.
- Fools don't really care for Snap-on, giving it a one-star rating in Motley Fool CAPS. Stanley Works
(NYSE:SWK) has a two-star rating, and Black & Decker(NYSE:BDK) has a three-star rating. Got an opinion? Bring it to CAPS!
(Figures in millions, except per-share data)
Income Statement Highlights|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Revenue |
$723.1 |
$604.7 |
19.6% |
|
Net Profit |
$39.0 |
$22.1 |
76.5% |
|
EPS |
$0.66 |
$0.37 |
78.4% |
|
Diluted Shares |
59.0 |
59.1 |
(0.2%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin** |
43.9% |
43.9% |
0.0 |
|
Operating Margin |
9.6% |
6.5% |
3.1 |
|
Net Margin |
5.4% |
3.7% |
1.7 |
**Excludes financial services.
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$61.3 |
$182.9 |
(66.5%) |
|
Accounts Rec. |
$567.9 |
$513.7 |
10.6% |
|
Inventory |
$326.9 |
$293.4 |
11.4% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$193.3 |
$162.2 |
19.2% |
|
Long-Term Debt |
$503.9 |
$197.2 |
155.5% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$27.0 |
$27.5 |
(1.8%) |
|
Capital Expenditures |
$13.3 |
$10.7 |
24.3% |
|
Free Cash Flow |
$13.7 |
$16.8 |
(18.5%) |
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.
