On May 16, Dutch steelmaker Arcelor Mittal
- All results, including the 190% revenue increase, include the consolidation of results with Arcelor following the merger.
- The merger appears to be going well. "The benefits of combining Arcelor and Mittal Steel continue to outperform our expectations," according to CEO Lakshmi N. Mittal, "and we are on track to deliver synergies as planned.
- For Q2, management expects overall shipment levels to be higher than Q1 levels by approximately 3%-5%.
- Our Motley Fool CAPS players collectively give this stock a shiny five-star rating.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$24,476 |
$8,430 |
190.3% |
|
Net Profit |
$2,250 |
$610 |
268.9% |
|
EPS |
$1.62 |
$0.86 |
88.4% |
|
Diluted Shares |
1,388 |
706 |
96.6% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
100% |
100% |
0.0 |
|
Operating Margin |
14.1% |
11.3% |
2.8 |
|
Net Margin |
9.2% |
7.2% |
2.0 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$8,277 |
$2,066 |
300.6% |
|
Accounts Rec. |
$10,318 |
$2,957 |
248.9% |
|
Inventory |
$19,319 |
$5,839 |
230.9% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$10,909 |
$2,482 |
339.5% |
|
Long-Term Debt |
$21,200 |
$7,940 |
167% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$2,650 |
$388 |
583% |
|
Capital Expenditures |
$988 |
$263 |
275.7% |
|
Free Cash Flow |
$1,662 |
$125 |
1229.6% |
Free cash flow is a Fool's best friend.
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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.
