On March 8, Middleby
- Earnings appeared to miss Street estimates, but Wall Street's numbers excluded a loss attributed to the December acquisition of Alkar Holdings. Without that, Middleby met analyst expectations of $0.91 per stub.
- That hasn't mattered to investors; they put their fingers on the sell button yesterday and the stock is down about 10% since.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$74,230 |
$76,930 |
$65,119 |
18.1 |
|
Net Profit |
-- |
$7,233 |
($660) |
N/A |
|
EPS |
$0.91 |
$0.88 |
($0.07) |
N/A |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|
|
Gross Margin |
38.37% |
37.26% |
1.11 |
|
Op. Margin |
17.35% |
1.41% |
15.94 |
|
Net Margin |
9.40% |
(1.01%) |
10.42 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$3,908 |
$3,803 |
2.8 |
|
Inventory |
$40,989 |
$32,772 |
25.1 |
|
Accounts Rec. |
$38,552 |
$26,612 |
44.9 |
|
Liabilities |
|||
|---|---|---|---|
|
Long-Term Debt |
$121,595 |
$123,723 |
(1.7) |
|
Accounts Pay. |
$17,576 |
$11,298 |
55.6 |
Cash Flow Highlights
No cash flow statement provided. (Whatever.)
Find out why Fools always follow the money.
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For related Foolishness:
- Check out Middleby's full-year earnings.
- Take a peek inside TurboChef's oven.
- In December, Middleby cooked up a sweet-smelling deal.
- Why do small caps like Middleby win?
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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.
Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what is in his portfolio by checking Tim's Fool profile . The Motley Fool has an ironclad disclosure policy .
