On Nov. 7, PolyMedica
- Sales increased by 41% to $164.1 million, primarily driven by the company's focus on its core diabetes business and investment in the Medicare Part D drug program.
- Net income decreased by 21% to $8 million, because of the increased cost of sales, and selling and administrative expenses.
- PolyMedica's shift into lower-margin businesses hurt earnings, despite the robust revenue growth.
- Free cash flow decreased by 37.4% to $16 million, as cash from operations decreased by 29.2%; capital spending increased 22.6%.
- Long-term debt rose 95.3% during the period.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q2 2006 |
Q2 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$164.1 |
$116.4 |
41.0% |
|
Net Profit* |
$8.0 |
$10.1 |
(21.0%) |
|
EPS |
$0.34 |
$0.40 |
(15.0%) |
|
Diluted Shares |
23.6 |
25.1 |
(5.9%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2006 |
Q2 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
46.3% |
54.1% |
(7.8) |
|
Operating Margin |
9.6% |
14.3% |
(4.7) |
|
Net Margin |
4.9% |
8.7% |
(3.8) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$7.4 |
$60.3 |
(87.7%) |
|
Accounts Rec. |
$106.6 |
$72.1 |
47.9% |
|
Inventory |
$41.4 |
$37.3 |
11.0% |
|
Q2 2006 |
Q2 2005 |
Change |
|
|---|---|---|---|
|
Accounts Payable |
$49.8 |
$39.4 |
26.4% |
|
Long-Term Debt |
$263.6 |
$135.0 |
95.3% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$21.0 |
$29.6 |
(29.2%) |
|
Capital Expenditures |
$5.0 |
$4.1 |
22.6% |
|
Free Cash Flow |
$16.0 |
$25.5 |
(37.4%) |
Find out why Fools always follow the money.
Related Companies:
-
Matria Healthcare
(NASDAQ:MATR) -
Medtronic
(NYSE:MDT)
Related Foolishness:
PolyMedica used to be a Motley Fool Hidden Gems recommendation.For a fun new way to do research on stocks, check out CAPS, the Fool's new investment community.
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