On June 28, Paychex
- Sales and earnings per share matched expectations, with a gain of 15.9% in sales, 26% in net income, and 25.8% in earnings per share.
- A healthy increase in operating margin reflects the strength of the business before what the company makes on investments held for clients.
- Increased funds held for clients (float) and higher interest rates drove investment income 103% higher.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
FY 2006 |
FY 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$1,670 |
$1,675 |
$1,445 |
15.9% |
|
Net Profit |
-- |
$465 |
$369 |
26.0% |
|
EPS |
$1.22 |
$1.22 |
$0.97 |
25.8% |
|
Diluted Shares |
N/A |
381 |
380 |
0.4% |
Get back to basics with a look at the income statement.
Margin Checkup
|
FY 2006 |
FY 2005 |
Change* |
|
|---|---|---|---|
|
Operating Margin |
38.79% |
36.94% |
1.85 |
|
Net Margin |
27.76% |
25.52% |
2.24 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | FY 2006 | FY 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $577 | $303 | 90.3% |
Accounts Rec. | $190 | $162 | 17.3% |
Liabilities | FY 2006 | FY 2005 | Change |
|---|---|---|---|
Accounts Payable | $47 | $30 | 53.7% |
Long-Term Debt | $0 | $0 | N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
The company did not provide this data.
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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 checkFool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication,Nathan Parmelee had no positions in any of the companies mentioned. Fool rules are here.
