On Oct. 30, WMS Industries (NYSE:WMS) released third-quarter earnings for the period ended Sept. 30.
- Revenues grew 5.9% to $111 million, reflecting growth in gaming operations revenues and the benefit from the acquisition of Orion Financement Company.
- The installed base of WAP and LAP machines grew significantly over last year, while stand-alone games fell.
- Free cash flows improved to $5 million as cash provided by operations increased 106% over the prior year, reflecting higher net income and better utilization of working capital.
- The stock has a four-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 | Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$114 |
$111 |
$104 |
5.9% |
|
Net Profit |
-- |
$7.1 |
$6.1 |
16.4% |
|
EPS |
$0.21 |
$0.20 |
$0.18 |
11.1% |
|
Diluted Shares |
-- |
38 |
38 |
1.1% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
56.60% |
52.11% |
4.49 |
|
Operating Margin |
10.22% |
9.58% |
0.64 |
|
Net Margin |
6.42% |
5.84% |
0.58 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest* | $21 | $37 | (43.2%) |
Accounts Rec. | $83 | $94 | (11.5%) |
Inventory | $90 | $95 | (5.3%) |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Accounts Payable | $38 | $26 | 48.4% |
Long-Term Debt | $115 | $115 | 0.0% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q3 2006 | Q3 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $26 | $12 | 105.6% |
Capital Expenditures | $21 | $17 | 20.8% |
Free Cash Flow | $5 | ($5) | N/A |
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Related Companies:
- International Game Technology (NYSE:IGT)
- Bally Technologies (NYSE:BYI)
- FEI (NASDAQ:FEIC)
- Harrah's Entertainment (NYSE:HET)
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