On April 24, II-VI
- Shares dropped over 20% after the earnings report, mostly because of disappointing full-year guidance.
- Management now expects revenues in the range of $67.5 million to $69.5 million for the fourth quarter and $259 million to $261 million for full-year 2007. It also said EPS will likely be in the range of $0.30-$0.33 in Q4 and $1.19-$1.22 for the full year.
- This Motley Fool Hidden Gems recommendation carries a five-star rating in Motley Fool CAPS.
(Figures in thousands, except per-share data.)
Income Statement Highlights|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$67,085 |
$59,363 |
13.0% |
|
Net Profit |
$10,049 |
$7,450 |
34.9% |
|
EPS |
$0.33 |
$0.25 |
32.0% |
|
Diluted Shares |
30,336 |
29,931 |
1.4% |
Get back to basics with the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
46.0% |
44.5% |
1.5 |
|
Operating Margin |
18.1% |
19.4% |
(1.3) |
|
Net Margin |
15.0% |
12.6% |
2.4 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$26,048 |
$24,316 |
7.1% |
|
Accounts Rec. |
$45,446 |
$39,712 |
14.4% |
|
Inventory |
$54,877 |
$50,305 |
9.1% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$13,039 |
$10,754 |
21.2% |
|
Long-Term Debt |
$11,708 |
$29,439 |
(60.2%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Capital Expenditures |
$5,398 |
$3,112 |
73.5% |
Free cash flow is a Fool's best friend.
Related Foolishness:
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 below.
