IMN » Topics » 2006 Consolidated Results of Operations
This excerpt taken from the IMN 10-K filed Feb 22, 2007.
2006
Consolidated Results of Operations
Revenue of $1,584.7 million in 2006 was up
26.0 percent due to the Memorex acquisition compared with
revenue of $1,258.1 million in 2005.
Gross margin of 21.7 percent in 2006 was down from
24.0 percent in 2005, due mainly to product mix shifts as
anticipated with the Memorex acquisition. Gross profit rose to
$344.1 million in 2006 compared with $302.1 million in
2005.
Selling, general and administrative expense was
11.0 percent of revenue in 2006, which represents a record
low as a percent of revenue, compared with 11.6 percent in
2005.
Operating income was $108.2 million in 2006, an increase of
$4.9 million or approximately five percent from 2005.
"2006 Consolidated Results of Operations" elsewhere: