On Oct. 26, Dow Chemical
- Revenues beat the estimates by 3%, while GAAP EPS was hampered by a $0.45-per-share restructuring charge.
- Strong performance across all operating segments led to a revenue growth of 9.8%.
- Restructuring charges related to the shutdown of several assets led to an operating margin decline.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$11,994 |
$12,359 |
$11,261 |
9.8% |
|
Net Profit |
-- |
$512 |
$801 |
(36.1%) |
|
EPS |
$0.92 |
$0.53 |
$0.82 |
(35.4%) |
|
Diluted Shares |
-- |
970 |
978 |
(0.9%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
14.23% |
14.66% |
(0.43) |
|
Operating Margin |
6.29% |
11.31% |
(5.02) |
|
Net Margin |
4.14% |
7.11% |
(2.97) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $3,169 | $3,210 | (1.3%) |
Accounts Rec. | $8,324 | $7,797 | 6.8% |
Inventory | $6,118 | $5,450 | 12.3% |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Accounts Payable | $5,352 | $5,009 | 6.8% |
Long-Term Debt | $9,199 | $9,969 | (7.7%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 | YTD 2005 | Change | |
|---|---|---|---|
Cash From Ops. | N/A | N/A | N/A |
Capital Expenditures | $1,118 | $1,050 | 6.5% |
Free Cash Flow | N/A | N/A | N/A |
Find out why Fools always follow the money.
Related Companies:
- Sherwin-Williams
(NYSE:SHW) - Ashland
(NYSE:ASH) - Eastman Chemical
(NYSE:EMN) - Air Products & Chemicals
(NYSE:APD)
Related Foolishness:
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