On Jan. 25, Skyworks Solutions (NASDAQ:SWKS) released first-quarter earnings for the period ended Dec. 29.

  • Pro forma operating income (excluding options expense and restructuring) increased 97% on flat revenue, demonstrating the "financial leverage of the new Skyworks operating model."
  • Net profit and EPS increased by 180% and 133%, respectively, while the company paid off all long-term debt.
  • Skyworks carries a one-star rating in Motley Fool CAPS.

(Figures in millions, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$196.0

$198.3

(1.2%)

Net Profit

$12.0

$4.3

180.8%

EPS

$0.07

$0.03

133.3%

Diluted Shares

162.9

158.8

2.6%



Get back to basics with a look at the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

38.4%

37.7%

0.7

Operating Margin

7.6%

4.3%

3.3

Net Margin

6.1%

2.2%

4.0

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$183.3

$238.5

(23.1%)

Accounts Rec.

$163.3

$171.1

(4.6%)

Inventory

$71.4

$79.0

(9.7%)



Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$56.1

$72.3

(22.4%)

Long-Term Debt

$0.0

$230.0

(100.0%)



Learn the ways of the balance sheet.

Cash Flow Highlights

No data provided.

Find out why Fools always follow the money.

Related Companies:

  • Diodes (NASDAQ:DIOD)
  • Atheros Communications (NASDAQ:ATHR)
  • Hittite Microwave (NASDAQ:HITT)
  • Conexant Systems (NASDAQ:CNXT)

Related Foolishness:

Atheros is a Motley Fool Hidden Gems recommendation.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button