The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Polypore International missed estimates on revenues and missed slightly on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded significantly.
Gross margins contracted, operating margins contracted, and net margins improved.
Polypore International reported revenue of $191.0 million. The 10 analysts polled by S&P Capital IQ wanted to see sales of $196.3 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $169.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.58. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.59 per share on the same basis. GAAP EPS of $0.56 for Q4 were 47% higher than the prior-year quarter's $0.38 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.9%, 50 basis points worse than the prior-year quarter. Operating margin was 22.9%, 50 basis points worse than the prior-year quarter. Net margin was 13.8%, 330 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $204.7 million. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $886.7 million. The average EPS estimate is $2.85.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 253 members out of 277 rating the stock outperform, and 24 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Polypore International a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Polypore International is outperform, with an average price target of $68.30.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Polypore International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.