On April 24, semiconductor equipment maker Veeco Instruments
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Management says it's seeing "significant growth" in high-brightness LEDs, with revenue in that sector up 39%.
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For the second quarter 2007, Veeco expects revenues to be in the range of $100 million to $105 million with earnings per share of ($0.03)-$0.02.
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The stock is rated four stars by our Motley Fool CAPS community.
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$99,166 |
$93,918 |
5.6% |
|
Net Profit |
$293 |
($242) |
N/A |
|
EPS |
$0.01 |
($0.01) |
N/A |
|
Diluted Shares |
31,281 |
30,081 |
4.0% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
44.1% |
44.5% |
(0.4) |
|
Operating Margin |
1.8% |
1.8% |
0.0 |
|
Net Margin |
0.3% |
(0.3%) |
0.6 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$94,569 |
$113,539 |
(16.7%) |
|
Accounts Rec. |
$81,368 |
$78,680 |
3.4% |
|
Inventory |
$105,620 |
$92,069 |
14.7% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$39,828 |
$34,078 |
16.9% |
|
Long-Term Debt |
$147,563 |
$209,107 |
(29.4%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
Unfortunately, management is still not providing cash flow data with earnings.
Free cash flow is a Fool's best friend.
Related Foolishness:
Fool by Numbers is designed to give you 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.
