On Oct. 31, United States Steel
- Sales increased by 28%, mainly because of higher demand in the steel market.
- There were also dramatic improvements in margins and cash from operations.
- The near-term forecast is a bit of a bummer, though, with results expected to decline somewhat, thanks to, among other things, a "recent weakening in the U.S. economy."
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$4,106 |
$3,200 |
28.3% |
|
Net Profit |
$417 |
$93 |
348.4% |
|
EPS |
$3.42 |
$0.71 |
381.7% |
|
Diluted Shares |
122 |
130 |
(6.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
19.43% |
11.56% |
7.87 |
|
Operating Margin |
13.66% |
4.63% |
9.03 |
|
Net Margin |
10.16% |
2.91% |
7.25 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,410 |
$1,394 |
1.1% |
|
Accounts Rec. |
$2,018 |
$3,233 |
(37.6%) |
|
Inventory |
$1,673 |
$1,341 |
24.8% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$1,355 |
$1,126 |
20.3% |
|
Long-Term Debt |
$1,327 |
$1,366 |
(2.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$1,035 |
$884 |
17.1% |
|
Capital Expenditures |
$397 |
$473 |
(16.1%) |
|
Free Cash Flow |
$638 |
$411 |
55.2% |
Find out why Fools always follow the money.
Related companies:
-
Reliance Steel & Aluminum
(NYSE:RS) -
Mueller Industries
(NYSE:MLI) -
Matthews International
(NASDAQ:MATW)
Related Foolishness:
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