On June 20, FedEx (NYSE:FDX) released fiscal fourth-quarter and full-year earnings for the period ended May 31.
- In the fourth quarter, total combined average daily package volume rose roughly 4%, helping to drive an 8% rise in revenues.
- The FedEx Ground and Freight segments showed strong top-line growth in the quarter, rising 12% and 28%, respectively.
- FedEx Express began offering next-business-day domestic express service in China in May.
- FedEx pulls a respectable four-star rating in the investor intelligence database that is Motley Fool CAPS. Competitor and Motley Fool Income Investor recommendation UPS (NYSE:UPS) pulls a lesser three stars.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q4 2007 |
Q4 2006 |
Change | |
|---|---|---|---|
|
Sales |
$9,151.0 |
$8,494.0 |
7.7% |
|
Net Profit |
$610.0 |
$568.0 |
7.4% |
|
EPS |
$1.96 |
$1.82 |
7.7% |
|
Diluted Shares |
311.0 |
312.0 |
(0.3%) |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2007 |
Q4 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
29.6% |
29.6% |
0.1 |
|
Operating Margin |
11.1% |
10.9% |
0.2 |
|
Net Margin |
6.7% |
6.7% |
(0.0) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,569.0 |
$1,937.0 |
(19.0%) |
|
Liabilities |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Long-Term Debt |
$2,007.0 |
$1,592.0 |
26.1% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
FY 2007 |
FY 2006 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$3,563.0 |
$3,676.0 |
(3.1%) |
|
Capital Expenditures |
$2,882.0 |
$2,518.0 |
14.5% |
|
Free Cash Flow |
$681.0 |
$1,158.0 |
(41.2%) |
Free cash flow is a Fool's best friend.
Related Foolishness:
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