On Oct. 25, Wright Medical Group (NASDAQ:WMGI) released third-quarter earnings for the period ending Sept. 30, 2006.
- Revenues matched the Street consensus, while EPS exceeded the analysts' estimates by a wide margin.
- Strong performance in its hip and extremity product lines led to an overall increase in sales of 7%.
- Increased operating expenses led to a 9.6% decline in net income, which resulted in lower earnings per share compared to the year-ago quarter.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$79 |
$78.6 |
$73.5 |
7.0% |
|
Net Profit |
-- |
$3.6 |
$4.0 |
(9.6%) |
|
EPS |
$0.04 |
$0.10 |
$0.11 |
(9.1%) |
|
Diluted Shares |
-- |
35.5 |
35.3 |
2.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
71.37% |
72.42% |
(1.05) |
|
Operating Margin |
4.41% |
8.41% |
(4.00) |
|
Net Margin |
4.58% |
5.42% |
(0.84) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$80.1 |
$75.6 |
6.0% |
|
Accounts Rec. |
$69.4 |
$60.9 |
14.0% |
|
Inventory |
$85.8 |
$81.9 |
4.8% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$14.0 |
$14.4 |
(2.8%) |
|
Long-Term Debt |
$0.9 |
$2.6 |
(65.4%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
No Data |
No Data |
N/A |
|
Capital Expenditures |
No Data |
No Data |
N/A |
|
Free Cash Flow |
No Data |
No Data |
N/A |
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