On May 1, PC reseller PC Mall (NASDAQ:MALL) released first-quarter earnings for the period ended Mar. 31.
- Sales improved by 9.6%, primarily because of an increase in commercial and public sector sales, which was partially offset by a decrease in consumer sales.
- Management says, "Adobe (NASDAQ:ADBE) Creative Suite 3, which takes advantage of Apple's (NASDAQ:AAPL) transition to Intel (NASDAQ:INTC) processors, is a potentially significant event" for its Mac-Pro customers.
- In Motley Fool CAPS, PC Mall carries a below-average two-star rating.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Sales |
$256.8 |
$234.2 |
9.6% |
|
Net Profit |
$1.9 |
($0.1) |
N/A |
|
EPS |
$0.14 |
$0.00 |
N/A |
|
Diluted Shares |
13.6 |
11.7 |
15.5% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
12.4% |
12.6% |
(0.2) |
|
Operating Margin |
1.6% |
0.4% |
1.2 |
|
Net Margin |
0.7% |
(0%) |
0.8 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$4.6 |
$5.0 |
(7.8%) |
|
Accounts Rec. |
$115.4 |
$107.0 |
7.8% |
|
Inventory |
$41.1 |
$53.1 |
(22.5%) |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$67.9 |
$71.1 |
(4.6%) |
|
Long-Term Debt |
$1.6 |
$2.1 |
(23.5%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
Management failed to provide cash flow data with earnings.
Free cash flow is a Fool's best friend.
Related Foolishness:
Intel is an Inside Value pick.
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