On Jan. 25, Conexant (NASDAQ:CNXT) released first-quarter earnings for the period ended Dec. 29, 2006.
- Continued growth in demand for its set-top box products led to a 6.4% increase in revenue.
- The second quarter is expected to be weak because of the seasonal decline in demand for PC modem and PC video products. The company expects the revenues to decline 8% to 10% sequentially.
- 109 of 132 investors rate Conexant an outperform in our new community intelligence database, Motley Fool CAPS. To find out more about CAPS, click here.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Sales |
$245.5 |
$230.7 |
6.4% |
|
Net Profit |
$1.0 |
($24.3) |
N/A |
|
EPS |
$0.00 |
($0.05) |
N/A |
|
Diluted Shares |
492.6 |
474.0 |
3.9% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
44.6% |
41.5% |
3.1 |
|
Operating Margin |
0.6% |
(6.9%) |
7.5 |
|
Net Margin |
0.4% |
(10.5%) |
10.9 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$617.8 |
$414.8 |
48.9% |
|
Accounts Rec. |
$129.5 |
$84.6 |
53.1% |
|
Inventory |
$84.1 |
$78.8 |
6.6% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$106.4 |
$108.0 |
(1.5%) |
|
Long-Term Debt* |
$981.5 |
$711.8 |
37.9% |
Learn the ways of the balance sheet.
Cash Flow Highlights
No data for cash flow statements. (Lame!)Find out why Fools always follow the money.
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