On Feb. 15, Marine Products
- The company cut back on production in the face of declining consumer sentiment and the Gulf Coast hurricanes. Unit volumes fell 21%.
- Higher raw-material and fixed costs cut into gross and operating margins.
- Cash flow was hurt by a significant jump in accounts receivable.
(Figures in thousands, except per-share data)
Income Statement Highlights|
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$60,200 |
$56,873 |
$62,684 |
(9.3%) |
|
Net Profit |
-- |
$4,185 |
$5,457 |
(23.3%) |
|
EPS |
$0.12 |
$0.11 |
$0.13 |
(15.4%) |
Get back to basics with a look at the income statement.
Margin Checkup|
Q4 2005 |
Q4 2004 |
Change |
|
|---|---|---|---|
|
Gross Margin |
23.13% |
25.17% |
(2.04) |
|
Op. Margin |
9.32% |
12.91% |
(3.60) |
|
Net Margin |
7.36% |
8.71% |
(1.35) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Cash + ST Invest. |
$38,925 |
$46,747 |
(16.7%) |
|
Inventory |
$26,856 |
$25,869 |
3.8% |
|
Accounts Rec. |
$3,662 |
$1,082 |
238.4% |
|
Liabilities |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
-- |
-- |
N/A |
|
Accounts Pay. |
$3,461 |
$3,750 |
(7.7%) |
Cash Flow Highlights*
|
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|
|
Cash From Ops. |
$19,366 |
$29,405 |
(34.1%) |
|
Capital Expend. |
$1,118 |
$2,838 |
(60.6%) |
|
Free Cash Flow |
$18,248 |
$26,567 |
(31.3%) |
Find out why Fools always follow the money.
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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.
At the time of publication, Fool analyst Andy Cross did not own shares in any company mentioned. The Motley Fool has a disclosure policy.
