On Oct. 25, FormFactor (NASDAQ:FORM) released third-quarter earnings for the period ended Sept 30.
- Revenues increased 55.1% due to high demand for advanced probe cards.
- Bookings for the third quarter increased by 44% over the same quarter last year.
- Year to date, the company has increased earnings per diluted share by 91% year over year.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$95 |
$97 |
$62 |
55.1% |
|
Net Profit |
-- |
$16 |
$10 |
61.8% |
|
EPS |
$0.33 |
$0.33 |
$0.23 |
43.5% |
|
Diluted Shares |
-- |
48 |
42 |
16.1% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
51.95% |
45.35% |
6.60 |
|
Operating Margin |
19.59% |
13.68% |
5.91 |
|
Net Margin |
16.35% |
15.68% |
0.67 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$457 |
$202 |
127% |
|
Accounts Rec. |
$54 |
$35 |
52.5% |
|
Inventory |
$26 |
$14 |
82.6% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$27 |
$19 |
45.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
No cash flow statement provided. (Bad form!)
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Related Companies:
- Advantest (NYSE:ATE)
- Cascade Microtech (NASDAQ:CSCD)
- Analog Devices (NYSE:ADI)
Related Foolishness:
- Applied Precision's FormFactor Connection
- Analog Devices Comes Up Short: Fool by Numbers
- Analog Devices Sucked Into the Market Vortex
FormFactor is a Motley Fool Hidden Gems pick.
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