On Nov. 1, Ceradyne (NASDAQ:CRDN) released third-quarter earnings for the period ended Sept. 30, 2006.
- The maker of ceramic products for the defense and auto industries once again reported strong sales and profit growth.
- Continuing strength and increased volume in ESAPI body armor and ESBI side plates helped pace 97% sales growth.
- The company has more cash and cash equivalents to meet the objectives of acquisitions and expansion of its commercial and military businesses.
- Our Motley Fool CAPS community loves this stock; 71 all-stars say outperform, zero say underperform, and that equals a five-star rating.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$186 |
$94 |
96.8% |
|
Net Profit |
$37 |
$13 |
176.8% |
|
EPS |
$1.34 |
$0.53 |
152.8% |
|
Diluted Shares |
27 |
25 |
9.4% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
37.96% |
36.89% |
1.07 |
|
Operating Margin |
28.84% |
23.66% |
5.18 |
|
Net Margin |
19.87% |
14.13% |
5.74 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$176 |
$12 |
1370.2% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Long-Term Debt |
$121 |
$108 |
12.2% |
Learn the ways of the balance sheet.
Cash Flow Highlights
The company did not release a cash flow statement with earnings, making investors' jobs much harder.
Find out why Fools always follow the money.
Related Companies:
- Watts Water Technologies (NYSE:WTS)
- Barnes Group (NYSE:B)
- H&E Equipment Services (NASDAQ:HEES)
Related Foolishness:
- Ceradyne Cooks More Than Ceramics
- Ceradyne Goes Nuclear
- Ceradyne's Broken Armor
- Ceradyne, Sera Fine?
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