On Nov. 9, Neenah Paper
- Sales grew 11%, but declining margins hurt the bottom line.
- Neenah completed the purchase of outstanding interests of Neenah Germany from FiberMark for $218 million.
- Cash increased by 250% after the $134.8 million sale of woodland property.
- Neenah Paper has a two-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$141.4 |
$127.7 |
10.7% |
|
Net Profit* |
$4.6 |
$7.0 |
(34.3%) |
|
EPS |
$0.31 |
$0.47 |
(34%) |
|
Diluted Shares |
14.8 |
14.8 |
0.4% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
14.1% |
19% |
(4.9) |
|
Operating Margin |
7.4% |
12.1% |
(4.6) |
|
Net Margin |
3.3% |
5.5% |
(2.2) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$160.4 |
$45.9 |
249.5% |
|
Accounts Rec. |
$72.6 |
$65.8 |
10.3% |
|
Inventory |
$44.5 |
$98.3 |
(54.7%) |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$32.0 |
$44.8 |
(28.6%) |
|
Long-Term Debt |
$225.3 |
$226.6 |
(0.6%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$52.7 |
$46.3 |
13.8% |
|
Capital Expenditures |
$15.4 |
$18.0 |
(14.4%) |
|
Free Cash Flow |
$37.3 |
$28.3 |
31.8% |
Find out why Fools always follow the money.
Related Companies:
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Rock-Tenn
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Buckeye Technologies
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PH Glatfelter
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Cenveo
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Related Foolishness:
Neenah Paper is a Motley Fool Hidden Gems recommendation.
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