On Oct. 17, Stanley Furniture
- Revenues and earnings per share missed analyst estimates by 2.5% and 7%, respectively.
- Revenues fell by 11.3% to $76 million, because of a drop in wooden residential furniture sales.
- Net profit declined by 48.4% on lower operating revenues, partially offset by a 10% drop in the SG&A expenses.
- Free cash flow rose by 19.6% thanks to a dip in capital expenditures.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$78 |
$76 |
$86 |
(11.3%) |
|
Net Profit* |
-- |
$3 |
$6 |
(48.4%) |
|
EPS |
$0.28 |
$0.26 |
$0.44 |
(40.9%) |
|
Diluted Shares |
-- |
12 |
13 |
(11.7%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
19.71% |
23.93% |
(4.22) |
|
Operating Margin |
6.54% |
10.95% |
(4.41) |
|
Net Margin |
3.95% |
6.78% |
(2.83) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$5 |
$19 |
(72.0%) |
|
Accounts Rec. |
$38 |
$41 |
(6.9%) |
|
Inventory |
$60 |
$73 |
(17.9%) |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$18 |
$19 |
(3.9%) |
|
Long-Term Debt |
$7 |
$10 |
(28.6%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$25 |
$23 |
8.7% |
|
Capital Expenditures |
$2 |
$4 |
(46.6%) |
|
Free Cash Flow |
$23 |
$19 |
19.6% |
Find out why Fools always follow the money.
Related Companies:
-
Hooker Furniture
(NASDAQ:HOFT) -
La-Z-Boy
(NYSE:LZB) -
Furniture Brands
(NYSE:FBN) -
Flexsteel
(NASDAQ:FLXS) -
Bassett Furniture
(NASDAQ:BSET)
Related Foolishness:
Stanley and Hooker are Motley Fool Hidden Gems recommendations, while La-Z-Boy is a Motley Fool Income Investor selection.
Retail editor and Inside Value team memberDavid Meierreviewed this article. He does not own shares in any of the companies mentioned.
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.
