On June 28, Arrow International
- Sales rose 6.7% to $130.5 million, driven by superior performance on the international front coupled with a healthy performance of new products.
- The company has declared a dividend of $0.21 per share on the outstanding stock, payable on June 11.
- Arrow's board of directors fired Chairman and CEO Carl G. Anderson Jr., as it lost confidence in his ability to lead the company. Philip B. Fleck, the company's former president and chief operating officer, will be serving as an interim president and CEO.
- The company is targeting net sales of $512 million to $515 million for the fiscal year ended August 2007, with an expected EPS in the range of $1.32-$1.35.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$130.5 |
$122.3 |
6.7% |
|
Net Profit |
$14.5 |
$13.9 |
4.4% |
|
EPS |
$0.31 |
$0.31 |
0.0% |
|
Diluted Shares |
45.7 |
45.3 |
0.9% |
Get back to basics with the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
50.7% |
48.5% |
2.2 |
|
Operating Margin |
16.9% |
15.8% |
1.1 |
|
Net Margin |
11.1% |
11.4% |
(0.3) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$173.4 |
$133.3 |
30.0% |
|
Accounts Rec. |
$104.8 |
$91.8 |
14.1% |
|
Inventory |
$114.0 |
$101.8 |
11.9% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$62.7 |
$51.3 |
22.4% |
|
Long-Term Debt |
No Data |
No Data |
No Data |
The balance sheet reflects the company's health.
Cash Flow Highlights
A statement of cash flows was not provided.
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.
