On April 18, Stanley Furniture (NASDAQ:STLY) released Q1 2006 earnings for the period ended April 1.
- Revenue was up slightly, beating estimates.
- Profit was down year over year, missing estimates, thanks to higher cost of sales and operating inefficiencies.
- Free cash flow (operating cash flow less capital expenditures) was up significantly year over year.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|---|
|
Sales |
$82,550 |
$83,524 |
$82,950 |
0.7% |
|
Net Profit |
-- |
$5,392 |
$5,760 |
(6.4%) |
|
EPS |
$0.45 |
$0.43 |
$0.43 |
0% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|
|
Gross Margin |
23.66% |
24.67% |
(1.02) |
|
Op. Margin |
10.33% |
11.35% |
(1.02) |
|
Net Margin |
6.46% |
6.94% |
(0.49) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2006 |
Q1 2005 |
% Change |
|---|---|---|---|
|
Cash + ST Invest. |
$21,918 |
$17,272 |
26.9% |
|
Inventory |
$65,117 |
$71,678 |
(9.2%) |
|
Accounts Rec. |
$40,234 |
$40,599 |
(0.9%) |
|
Liabilities |
Q1 2006 |
Q1 2005 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$8,571 |
$11,428 |
(25) |
|
Accounts Pay. |
$16,463 |
$17,292 |
(4.8%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|
|
Cash From Ops. |
$11,215 |
$10,174 |
10.2% |
|
Capital Expend. |
$216 |
$1,196 |
(81.9%) |
|
Free Cash Flow |
$10,999 |
$8,978 |
22.5% |
Find out why Fools always follow the money.
Related companies:
- Furniture Brands International (NYSE:FBN)
- Ethan Allen Interiors (NYSE:ETH)
- La-Z-Boy (NYSE:LZB)
- Haverty (NYSE:HVT)
- Hooker Furniture (NASDAQ:HOFT)
Related Foolishness:
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.
Stanley Furniture and Hooker Furniture are Motley Fool Hidden Gems recommendations. La-Z-Boy is an Income Investor pick. The Fool has a newsletter for almost every style of investing.
At the time of publication, Fool contributor Jim Mueller had no positions in any company mentioned. Fool rules are here.
