On May 3, WMS
- Revenues increased by 23%, driven by 28% growth in North American new unit shipments and 16% increase in international unit shipments.
- Selling and administrative expenses increased by 24.4% thanks to higher marketing- and payroll-related costs. Nevertheless, margins improved across the board as the company realized "significant operating leverage."
- For fiscal 2007, the company expects revenues to increase about 19%.
- WMS and competitor IGT
(NYSE:IGT) both carry four-star ratings in Motley Fool CAPS. Check CAPS for bull and bear pitches from the community's top investors.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$136.6 |
$110.7 |
23.4% |
|
Net Profit |
$12.9 |
$9.2 |
40.2% |
|
EPS |
$0.34 |
$0.26 |
30.8% |
|
Diluted Shares |
39.7 |
37.7 |
5.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
56.9% |
55.1% |
1.8 |
|
Operating Margin |
14.5% |
11.3% |
3.2 |
|
Net Margin |
9.4% |
8.3% |
1.1 |
*Expressed in percentage points.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$17.8 |
$49.7 |
(64.2%) |
|
Accounts Rec. |
$105.4 |
$88.3 |
19.4% |
|
Inventory |
$92.5 |
$86.9 |
6.4% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$48.0 |
$32.5 |
47.7% |
|
Long-Term Debt |
$115.0 |
$115.0 |
0.0% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$23.8 |
$32.3 |
(26.3%) |
|
Capital Expenditures |
$28.2 |
$19.6 |
43.9% |
|
Free Cash Flow |
($4.4) |
$12.7 |
N/A |
Free cash flow is a Fool's best friend.
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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.
