On May 8, Steris
- Strong growth in the health-care and Isomedix segments drove sales up by 5.6%.
- Cash from operations for the year declined by 40.9% because of working capital changes, including a payment to the IRS of about $30 million for tax expenses in the first quarter, and a $17 million increase in inventories.
- The company expects total net revenue to increase by the mid-single digits, while diluted earnings should be $1.35 to $1.45 per share for fiscal 2008.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2007 |
Q4 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$349.8 |
$331.3 |
5.6% |
|
Net Profit |
$29.8 |
$7.4 |
300.5% |
|
EPS |
$0.45 |
$0.11 |
309.1% |
|
Diluted Shares |
65.5 |
68.1 |
(3.7%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2007 |
Q4 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
41.4% |
40.3% |
1.2 |
|
Operating Margin |
14.8% |
5.6% |
9.2 |
|
Net Margin |
8.5% |
2.3% |
6.3 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$52.3 |
$72.7 |
(28.1%) |
|
Accounts Rec. |
$251.2 |
$242.0 |
3.8% |
|
Inventory |
$132.0 |
$112.2 |
17.6% |
|
Liabilities |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$76.2 |
$87.1 |
(12.5%) |
|
Long-Term Debt |
$100.8 |
$114.5 |
(11.9%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
2007 |
2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$95.7 |
$162.0 |
(40.9%) |
|
Capital Expenditures |
$49.0 |
$51.2 |
(4.2%) |
|
Free Cash Flow |
$46.7 |
$110.8 |
(57.8%) |
Free cash flow is a Fool's best friend.
Related Foolishness:
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Johnson & Johnson is an Income Investor recommendation. Want to get paid to invest? Analyst James Early and other investors like you can show you how with a free trial to Income Investor.
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.
