On Nov. 2, Smith & Nephew
- Revenues came in ahead of analyst estimates, but EPS fell short of expectations by a wide margin.
- Trauma, endoscopy, and reconstruction segments all showed solid double-digit growth.
- The company just announced that it is in merger talks with competitor Biomet
(NASDAQ:BMET) .
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$659 |
$679 |
$612 |
11% |
|
Net Profit* |
-- |
$93 |
$53 |
81.1% |
|
EPS |
$0.51 |
$0.10 |
$0.07 |
42.9% |
|
Diluted Shares |
-- |
944 |
944 |
0% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
74.52% |
73.69% |
0.83 |
|
Operating Margin |
19.15% |
11.60% |
7.55 |
|
Net Margin |
13.70% |
8.66% |
5.04 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$304 |
$120 |
153.3% |
|
Accounts Rec. |
$636 |
$572 |
11.2% |
|
Inventory |
$703 |
$633 |
11.1% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$447 |
$471 |
(5.1%) |
|
Long-Term Debt |
$16 |
$186 |
(91.4%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$69 |
$93 |
(25.8%) |
|
Capital Expenditures |
$55 |
$44 |
25% |
|
Free Cash Flow |
$14 |
$49 |
(71.4) |
Find out why Fools always follow the money.
Related Companies:
-
Varian Medical Systems.
(NYSE:VAR) -
Intuitive Surgical
(NASDAQ:ISRG)
Related Foolishness:
Check out our new community intelligence stock-picking service, more than 12,000 strong, by signing up for free access to Motley Fool CAPS.
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.
