Dover Corporation reported financial results for the third quarter of 2006 with the following highlights:
- Earnings from continuing operations increased 27% to $156.3 million compared to $123 million in the prior year.
- Revenue for the quarter increased 21% to $1.651.9 billion.
- Net earnings were $167.5 million including discontinued operations, compared to $122.7 million the previous year.
- The company expects a solid fourth quarter but with results moderating from the third quarter.
Dover Corporation reported a 16% increase in EPS to $0.88 for Q3 2007 compared to $0.76 for Q3 2006. Revenue increased 15% to $1.84 billion. For the first nine months of 2007, EPS increased 11% to $2.36 while revenue increased 15% to $5.37 billion. The company achieved organic growth of 3.3% and acquisition growth of 9.6% in Q3. Looking ahead, Dover expects continued solid business in Q4 but with moderating growth and restructuring charges of $0.02-0.03 per share.
Dover Corporation reported financial results for the first quarter of 2006 with the following highlights:
- Revenue increased 22% to a record $1.67 billion compared to $1.37 billion in the prior year.
- Earnings from continuing operations increased 40% to $133.5 million or $0.65 per share from $95.4 million or $0.47 per share in the previous year.
- Net earnings were $203.8 million or $0.99 per share, which includes discontinued operations income of $70.3 million or $0.34 per share.
This document is Illinois Tool Works Inc.'s quarterly report filed with the SEC for the quarter ended June 30, 2005. It includes Illinois Tool Works' statement of income, statement of financial position, and statement of cash flows for the quarter, as well as notes about stock-based compensation. Key details include that net income for the quarter was $373.8 million, total assets as of June 30, 2005 were $11.6 billion, and stock-based compensation expense recognized for the quarter was $9 million for restricted stock and $11.2 million on a pro forma basis.
This document is Illinois Tool Works Inc.'s quarterly report filed with the SEC for the quarter ended June 30, 2004. It includes the company's unaudited financial statements, including statements of income, financial position, and cash flows for the quarter and year to date. Key highlights include total revenues of $3 billion for the quarter and $5.7 billion year to date, net income of $360 million for the quarter and $651 million year to date, and total assets of $11.9 billion and stockholders' equity of $8.2 billion as of June 30, 2004.
Dover Corporation reported record results for the first quarter of 2007, with earnings per share increasing 5% over the previous year. Revenue was $1.78 billion, an increase of 18% year-over-year. The company saw strong revenue gains in four of its six segments. Looking forward, Dover expects continued strength in several of its industrial businesses and anticipates full-year revenue and earnings will set new records.
This document is Illinois Tool Works Inc.'s quarterly report filed with the SEC for the quarter ending September 30, 2005. It includes their statement of income and statement of financial position for the quarter and year-to-date. For the quarter, ITW reported revenues of $3.26 billion and net income of $408 million. As of September 30, 2005, they had total assets of $11.24 billion including $2.17 billion in accounts receivable and $1.23 billion in inventory. Total liabilities were $3.16 billion including $378 million in short-term debt.
The document is Illinois Tool Works Inc.'s Form 10-Q filing for the quarterly period ended June 30, 2003. It includes Illinois Tool Works' unaudited financial statements, including their statement of income and statement of financial position for the periods. The statement of income shows that revenues increased but net income decreased in the first six months of 2003 compared to the same period in 2002. The statement of financial position lists their assets, liabilities, and stockholders' equity as of June 30, 2003 and December 31, 2002.
This document is Morgan Stanley's annual report for fiscal year 2001. It provides the following key information in 3 sentences:
Morgan Stanley's net income for 2001 was $3.6 billion, a 34% decline from 2000, with earnings per share of $3.19, down 33%. Despite the difficult market environment, Morgan Stanley achieved a strong 19% return on equity through expense control and business diversification. The report discusses Morgan Stanley's financial results, the challenges of the difficult market in 2001, and its continued focus on reorganizing around serving clients.
Dover Corporation reported a 16% increase in EPS to $0.88 for Q3 2007 compared to $0.76 for Q3 2006. Revenue increased 15% to $1.84 billion. For the first nine months of 2007, EPS increased 11% to $2.36 while revenue increased 15% to $5.37 billion. The company achieved organic growth of 3.3% and acquisition growth of 9.6% in Q3. Looking ahead, Dover expects continued solid business in Q4 but with moderating growth and restructuring charges of $0.02-0.03 per share.
Dover Corporation reported financial results for the first quarter of 2006 with the following highlights:
- Revenue increased 22% to a record $1.67 billion compared to $1.37 billion in the prior year.
- Earnings from continuing operations increased 40% to $133.5 million or $0.65 per share from $95.4 million or $0.47 per share in the previous year.
- Net earnings were $203.8 million or $0.99 per share, which includes discontinued operations income of $70.3 million or $0.34 per share.
This document is Illinois Tool Works Inc.'s quarterly report filed with the SEC for the quarter ended June 30, 2005. It includes Illinois Tool Works' statement of income, statement of financial position, and statement of cash flows for the quarter, as well as notes about stock-based compensation. Key details include that net income for the quarter was $373.8 million, total assets as of June 30, 2005 were $11.6 billion, and stock-based compensation expense recognized for the quarter was $9 million for restricted stock and $11.2 million on a pro forma basis.
This document is Illinois Tool Works Inc.'s quarterly report filed with the SEC for the quarter ended June 30, 2004. It includes the company's unaudited financial statements, including statements of income, financial position, and cash flows for the quarter and year to date. Key highlights include total revenues of $3 billion for the quarter and $5.7 billion year to date, net income of $360 million for the quarter and $651 million year to date, and total assets of $11.9 billion and stockholders' equity of $8.2 billion as of June 30, 2004.
Dover Corporation reported record results for the first quarter of 2007, with earnings per share increasing 5% over the previous year. Revenue was $1.78 billion, an increase of 18% year-over-year. The company saw strong revenue gains in four of its six segments. Looking forward, Dover expects continued strength in several of its industrial businesses and anticipates full-year revenue and earnings will set new records.
This document is Illinois Tool Works Inc.'s quarterly report filed with the SEC for the quarter ending September 30, 2005. It includes their statement of income and statement of financial position for the quarter and year-to-date. For the quarter, ITW reported revenues of $3.26 billion and net income of $408 million. As of September 30, 2005, they had total assets of $11.24 billion including $2.17 billion in accounts receivable and $1.23 billion in inventory. Total liabilities were $3.16 billion including $378 million in short-term debt.
The document is Illinois Tool Works Inc.'s Form 10-Q filing for the quarterly period ended June 30, 2003. It includes Illinois Tool Works' unaudited financial statements, including their statement of income and statement of financial position for the periods. The statement of income shows that revenues increased but net income decreased in the first six months of 2003 compared to the same period in 2002. The statement of financial position lists their assets, liabilities, and stockholders' equity as of June 30, 2003 and December 31, 2002.
This document is Morgan Stanley's annual report for fiscal year 2001. It provides the following key information in 3 sentences:
Morgan Stanley's net income for 2001 was $3.6 billion, a 34% decline from 2000, with earnings per share of $3.19, down 33%. Despite the difficult market environment, Morgan Stanley achieved a strong 19% return on equity through expense control and business diversification. The report discusses Morgan Stanley's financial results, the challenges of the difficult market in 2001, and its continued focus on reorganizing around serving clients.
This document is an SEC Form 10-Q quarterly report filed by Xcel Energy Inc. for the quarter ended June 30, 2002. It includes consolidated statements of income showing operating revenues and expenses for the quarter and year-to-date, resulting in operating income of $345.6 million and $673 million respectively. It also reports net income of $87.3 million for the quarter and $190.8 million year-to-date, as well as earnings available to common shareholders of $86.2 million and $188.7 million.
Danaher Corporation reported financial results for the fourth quarter and full year of 2007. Net earnings for Q4 2007 were $320 million, or $0.97 per diluted share. For the full year 2007, net earnings were $1.37 billion, or $4.19 per diluted share. Sales for Q4 2007 were $3.14 billion, a 19.5% increase over Q4 2006. For the full year 2007, sales were $11.03 billion, a 16.5% increase over 2006. The company's president stated they were pleased with the record results and remain confident in their ability to deliver again in 2008 despite softness in some end markets.
This document is Form 10-Q filed by Illinois Tool Works Inc. with the Securities and Exchange Commission for the quarterly period ended June 30, 2002. The summary includes:
- Illinois Tool Works reported net income of $267.5 million for the quarter on revenues of $2.43 billion. For the six months ended June 30, 2002, net income was $244.1 million on revenues of $4.64 billion.
- Earnings per share from continuing operations for the quarter were $0.87, and $1.50 for the six months.
- The filing includes Illinois Tool Works' consolidated statement of income, balance sheet, and cash flows for the periods, as well as
Schlumberger reported lower revenue and earnings for the first quarter of 2009 compared to the previous quarter and year. Revenue decreased by 13% sequentially and 3% year-over-year for their oilfield services segment. Their chairman noted that the decline was largely due to a precipitous drop in North American natural gas rig counts and weakness outside of North America due to currency fluctuations and local economic conditions. While activity declines are expected to continue overseas in 2009, the company was encouraged that deepwater offshore activity was resisting budget cuts relatively well. Schlumberger took actions to reduce costs and increase financial flexibility during this downturn.
The document is Coventry Healthcare's 2006 Annual Report. It discusses Coventry's business strategy and financial performance in 2006. Key points include:
- Coventry organized its business into three divisions - Commercial, Individual/Government, and Specialty - to capitalize on growth opportunities.
- The Commercial division continued strong growth while maintaining industry-leading margins.
- The Individual/Government division saw significant growth from the new Medicare Part D program and expanding Medicaid and individual businesses.
- All divisions performed well financially in 2006, with revenues reaching a record $7.7 billion and earnings continuing to grow.
Danaher Corporation reported record results for the fourth quarter and full year 2005. Net earnings for Q4 2005 increased 20% to $261.6 million compared to Q4 2004. For the full year, net earnings increased 21.5% to $907.7 million compared to 2004. Sales for Q4 2005 increased 14.5% and sales for 2005 increased 16% compared to the prior year. The company's president stated that the record performance throughout 2005 and strong fourth quarter give them confidence for continued excellent results in 2006.
This document provides State Street Corporation's 2002 financial review, including selected financial data and management's discussion and analysis. Key points:
1) Net income was $1.015 billion, up $387 million from 2001, driven largely by a $495 million gain from selling the corporate trust business. Adjusting for non-operating items, net income rose $32 million.
2) Earnings per share were $3.10, up from $1.90 in 2001. Excluding non-operating items, EPS rose from $2.08 to $2.20.
3) Total revenue increased $569 million to $4.396 billion, as the company expanded its product offerings and client base despite
Danaher reported record results for the fourth quarter and full year of 2006. Net earnings for Q4 2006 increased 28.5% to $323.7 million compared to Q4 2005. For the full year, net earnings increased 25% to $1.122 billion compared to 2005. Sales for Q4 2006 increased 17.5% to $2.66 billion and increased 20% for the full year to $9.596 billion. Danaher also expanded its segment reporting to include Medical Technologies as its own segment.
This document is Illinois Tool Works Inc.'s quarterly report filed with the SEC for the quarter ended March 31, 2005. It includes the company's unaudited financial statements, including statements of income, financial position, and cash flows for the quarter. Key highlights include total revenues of $3.07 billion for the quarter, net income of $312.3 million, and adoption of new accounting standards for share-based compensation effective January 1, 2005 which increased reported compensation expense.
Conforming Wireless P&L for 12 Months Ending 9/30/07finance6
This document provides a summary of Sprint Nextel Corporation's non-GAAP wireless statements of operations and statistics for the quarter ended September 30, 2007 and year-to-date. It shows operating revenues, expenses, operating income, and other financial metrics. It also includes reconciliations between GAAP and non-GAAP measures such as adjusted operating income and adjusted OIBDA. Key notes further explain special items and non-recurring expenses such as merger and integration costs.
- Revenue for the third quarter of 2008 was $1.965 billion, up slightly from $1.865 billion in the third quarter of 2007.
- Net earnings for the quarter were $187.65 million, up 8% from $174.59 million in the third quarter of 2007.
- Earnings per share for the quarter were $1.01, up from $0.87 in the prior year period.
- PPG Industries reported net sales of $2.87 billion for the quarter and $11.2 billion for the year, up compared to the same periods in 2006. Net income was $200 million for the quarter and $834 million for the year.
- By business segment, Performance Coatings and Industrial Coatings experienced the largest sales increases both for the quarter and full year.
- Total current assets at the end of 2007 were $7.14 billion, up from $4.86 billion at the end of 2006, mainly due to increases in cash, short-term investments, and receivables.
The document is Gannett Co., Inc.'s definitive proxy statement for its 1998 annual shareholder meeting. It summarizes that shareholders will vote on (1) electing three directors, (2) electing Price Waterhouse as the independent auditor, and (3) one shareholder proposal. It provides instructions for shareholders on obtaining admission tickets to the meeting and voting procedures. The Board recommends voting for the director and auditor proposals and against the shareholder proposal.
1) In Q4 2007, the company repurchased 4.8 million shares for $222 million, and a total of 12.4 million shares in 2007 for $591 million. They also repurchased an additional 1 million shares in early 2008 for $40 million.
2) In Q4 2007, the company completed two acquisitions for a total of $97.1 million and seven acquisitions in 2007 for a total of $273.6 million. They also finalized the sale of six businesses in 2007 resulting in an after-tax loss of $17.1 million.
3) Organic revenue growth was 2.3% for 2007, with acquisitions contributing 9.7
The document discusses Gannett's strategic plan and progress in 2006 toward transforming the company to embrace changes in consumer demand and technology. Key points:
- Gannett formed Gannett Digital to grow its digital business and capture a share of the growing online advertising market.
- Gannett made acquisitions and partnerships to enhance its capabilities in areas like local search, mobile, video and rich media advertising.
- The strategic plan focused on innovation, transforming newsrooms into information centers, and developing leadership. Significant progress was made in 2006 on these initiatives.
- Financial results for 2006 were strong, with operating revenues reaching a record $8.03 billion, though operating income declined slightly.
This document is Gannett's 2003 annual report. It discusses Gannett's financial results for 2003, which included record operating revenues of $6.7 billion and net income of $1.21 billion, up 4% from 2002. It provides an overview of Gannett's business segments, which include newspapers, broadcasting stations, and digital media. The letter to shareholders discusses some of the challenges Gannett faced in 2003 from economic conditions and regulatory changes, but also highlights areas of growth such as new youth-oriented newspaper publications and increased online revenues. Acquisitions that expanded Gannett's operations in the U.S. and U.K. are also summarized.
Dover Corporation reported record third quarter revenues and earnings. Earnings per share from continuing operations increased 18% year-over-year to $0.65. All six of Dover's subsidiaries saw sales increases, with four posting double-digit gains. Operating margins improved across many of Dover's companies. The company also announced three acquisitions totaling $960 million that will fuel future growth. Two divestitures were announced that will generate approximately $135 million in after-tax proceeds. While impacts from hurricanes and energy prices affected some operations, Dover remains cautiously optimistic about economic conditions.
Gannett held a conference call to discuss its second quarter 2008 earnings results. Gracia Martore, the CFO, introduced Craig Dubow, the CEO, to provide an overview of Gannett's strategic initiatives and financial performance. Dubow discussed Gannett's plans to grow its digital business while enhancing its core newspaper and television operations. He outlined several recent investments and partnerships that will allow Gannett to better serve advertisers across its digital properties. However, Dubow noted the results were impacted by the challenging economy in both the US and UK. Preliminary earnings per share were $1.02 but will be reduced by impairment charges. More details on the financials would be provided later in the call.
Dover Corporation reported record results for the second quarter of 2007, with earnings from continuing operations of $175.1 million (up 10% from 2006), revenue of $1.859 billion (up 12% from 2006), and record backlog of $1.6 billion. For the six months ended June 30, 2007, earnings from continuing operations were $314 million (up 8% from 2006) and revenue was $3.639 billion (up 15% from 2006). The company expects a record third quarter with moderate organic growth and contributions from acquisitions.
This document is Dover Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended September 30, 2006. It includes Dover's condensed consolidated financial statements and notes for the periods. Some key details:
- Revenue for the quarter was $1.65 billion, up 21% from the prior year. Net earnings were $167.5 million.
- Year-to-date revenue was $4.81 billion, up 23% from prior year. Net earnings were $443.3 million.
- Total assets increased to $7.32 billion from $6.58 billion at the end of 2005, driven primarily by acquisitions.
- Cash flow from operations was
The document provides operating statistics for El Paso Corporation for the third quarter of 2006. It shows that consolidated net income was $135 million for the quarter. It also provides key financial data segmented by each of El Paso's business units, including pipelines, exploration and production, marketing and trading, power, and field services. The pipelines segment reported earnings before interest and taxes of $305 million for the quarter and throughput volumes on its major pipelines.
Danaher Corporation announced record results for its second quarter and first six months of 2006. Net earnings for the second quarter were $315 million, a 40% increase over the previous year. Sales for the second quarter were $2.35 billion, up 21.5% compared to the previous year. The company's CEO stated that strong core revenue growth across all three reporting segments contributed to the positive results and reinforced confidence for the second half of the year.
This document is an SEC Form 10-Q quarterly report filed by Xcel Energy Inc. for the quarter ended June 30, 2002. It includes consolidated statements of income showing operating revenues and expenses for the quarter and year-to-date, resulting in operating income of $345.6 million and $673 million respectively. It also reports net income of $87.3 million for the quarter and $190.8 million year-to-date, as well as earnings available to common shareholders of $86.2 million and $188.7 million.
Danaher Corporation reported financial results for the fourth quarter and full year of 2007. Net earnings for Q4 2007 were $320 million, or $0.97 per diluted share. For the full year 2007, net earnings were $1.37 billion, or $4.19 per diluted share. Sales for Q4 2007 were $3.14 billion, a 19.5% increase over Q4 2006. For the full year 2007, sales were $11.03 billion, a 16.5% increase over 2006. The company's president stated they were pleased with the record results and remain confident in their ability to deliver again in 2008 despite softness in some end markets.
This document is Form 10-Q filed by Illinois Tool Works Inc. with the Securities and Exchange Commission for the quarterly period ended June 30, 2002. The summary includes:
- Illinois Tool Works reported net income of $267.5 million for the quarter on revenues of $2.43 billion. For the six months ended June 30, 2002, net income was $244.1 million on revenues of $4.64 billion.
- Earnings per share from continuing operations for the quarter were $0.87, and $1.50 for the six months.
- The filing includes Illinois Tool Works' consolidated statement of income, balance sheet, and cash flows for the periods, as well as
Schlumberger reported lower revenue and earnings for the first quarter of 2009 compared to the previous quarter and year. Revenue decreased by 13% sequentially and 3% year-over-year for their oilfield services segment. Their chairman noted that the decline was largely due to a precipitous drop in North American natural gas rig counts and weakness outside of North America due to currency fluctuations and local economic conditions. While activity declines are expected to continue overseas in 2009, the company was encouraged that deepwater offshore activity was resisting budget cuts relatively well. Schlumberger took actions to reduce costs and increase financial flexibility during this downturn.
The document is Coventry Healthcare's 2006 Annual Report. It discusses Coventry's business strategy and financial performance in 2006. Key points include:
- Coventry organized its business into three divisions - Commercial, Individual/Government, and Specialty - to capitalize on growth opportunities.
- The Commercial division continued strong growth while maintaining industry-leading margins.
- The Individual/Government division saw significant growth from the new Medicare Part D program and expanding Medicaid and individual businesses.
- All divisions performed well financially in 2006, with revenues reaching a record $7.7 billion and earnings continuing to grow.
Danaher Corporation reported record results for the fourth quarter and full year 2005. Net earnings for Q4 2005 increased 20% to $261.6 million compared to Q4 2004. For the full year, net earnings increased 21.5% to $907.7 million compared to 2004. Sales for Q4 2005 increased 14.5% and sales for 2005 increased 16% compared to the prior year. The company's president stated that the record performance throughout 2005 and strong fourth quarter give them confidence for continued excellent results in 2006.
This document provides State Street Corporation's 2002 financial review, including selected financial data and management's discussion and analysis. Key points:
1) Net income was $1.015 billion, up $387 million from 2001, driven largely by a $495 million gain from selling the corporate trust business. Adjusting for non-operating items, net income rose $32 million.
2) Earnings per share were $3.10, up from $1.90 in 2001. Excluding non-operating items, EPS rose from $2.08 to $2.20.
3) Total revenue increased $569 million to $4.396 billion, as the company expanded its product offerings and client base despite
Danaher reported record results for the fourth quarter and full year of 2006. Net earnings for Q4 2006 increased 28.5% to $323.7 million compared to Q4 2005. For the full year, net earnings increased 25% to $1.122 billion compared to 2005. Sales for Q4 2006 increased 17.5% to $2.66 billion and increased 20% for the full year to $9.596 billion. Danaher also expanded its segment reporting to include Medical Technologies as its own segment.
This document is Illinois Tool Works Inc.'s quarterly report filed with the SEC for the quarter ended March 31, 2005. It includes the company's unaudited financial statements, including statements of income, financial position, and cash flows for the quarter. Key highlights include total revenues of $3.07 billion for the quarter, net income of $312.3 million, and adoption of new accounting standards for share-based compensation effective January 1, 2005 which increased reported compensation expense.
Conforming Wireless P&L for 12 Months Ending 9/30/07finance6
This document provides a summary of Sprint Nextel Corporation's non-GAAP wireless statements of operations and statistics for the quarter ended September 30, 2007 and year-to-date. It shows operating revenues, expenses, operating income, and other financial metrics. It also includes reconciliations between GAAP and non-GAAP measures such as adjusted operating income and adjusted OIBDA. Key notes further explain special items and non-recurring expenses such as merger and integration costs.
- Revenue for the third quarter of 2008 was $1.965 billion, up slightly from $1.865 billion in the third quarter of 2007.
- Net earnings for the quarter were $187.65 million, up 8% from $174.59 million in the third quarter of 2007.
- Earnings per share for the quarter were $1.01, up from $0.87 in the prior year period.
- PPG Industries reported net sales of $2.87 billion for the quarter and $11.2 billion for the year, up compared to the same periods in 2006. Net income was $200 million for the quarter and $834 million for the year.
- By business segment, Performance Coatings and Industrial Coatings experienced the largest sales increases both for the quarter and full year.
- Total current assets at the end of 2007 were $7.14 billion, up from $4.86 billion at the end of 2006, mainly due to increases in cash, short-term investments, and receivables.
The document is Gannett Co., Inc.'s definitive proxy statement for its 1998 annual shareholder meeting. It summarizes that shareholders will vote on (1) electing three directors, (2) electing Price Waterhouse as the independent auditor, and (3) one shareholder proposal. It provides instructions for shareholders on obtaining admission tickets to the meeting and voting procedures. The Board recommends voting for the director and auditor proposals and against the shareholder proposal.
1) In Q4 2007, the company repurchased 4.8 million shares for $222 million, and a total of 12.4 million shares in 2007 for $591 million. They also repurchased an additional 1 million shares in early 2008 for $40 million.
2) In Q4 2007, the company completed two acquisitions for a total of $97.1 million and seven acquisitions in 2007 for a total of $273.6 million. They also finalized the sale of six businesses in 2007 resulting in an after-tax loss of $17.1 million.
3) Organic revenue growth was 2.3% for 2007, with acquisitions contributing 9.7
The document discusses Gannett's strategic plan and progress in 2006 toward transforming the company to embrace changes in consumer demand and technology. Key points:
- Gannett formed Gannett Digital to grow its digital business and capture a share of the growing online advertising market.
- Gannett made acquisitions and partnerships to enhance its capabilities in areas like local search, mobile, video and rich media advertising.
- The strategic plan focused on innovation, transforming newsrooms into information centers, and developing leadership. Significant progress was made in 2006 on these initiatives.
- Financial results for 2006 were strong, with operating revenues reaching a record $8.03 billion, though operating income declined slightly.
This document is Gannett's 2003 annual report. It discusses Gannett's financial results for 2003, which included record operating revenues of $6.7 billion and net income of $1.21 billion, up 4% from 2002. It provides an overview of Gannett's business segments, which include newspapers, broadcasting stations, and digital media. The letter to shareholders discusses some of the challenges Gannett faced in 2003 from economic conditions and regulatory changes, but also highlights areas of growth such as new youth-oriented newspaper publications and increased online revenues. Acquisitions that expanded Gannett's operations in the U.S. and U.K. are also summarized.
Dover Corporation reported record third quarter revenues and earnings. Earnings per share from continuing operations increased 18% year-over-year to $0.65. All six of Dover's subsidiaries saw sales increases, with four posting double-digit gains. Operating margins improved across many of Dover's companies. The company also announced three acquisitions totaling $960 million that will fuel future growth. Two divestitures were announced that will generate approximately $135 million in after-tax proceeds. While impacts from hurricanes and energy prices affected some operations, Dover remains cautiously optimistic about economic conditions.
Gannett held a conference call to discuss its second quarter 2008 earnings results. Gracia Martore, the CFO, introduced Craig Dubow, the CEO, to provide an overview of Gannett's strategic initiatives and financial performance. Dubow discussed Gannett's plans to grow its digital business while enhancing its core newspaper and television operations. He outlined several recent investments and partnerships that will allow Gannett to better serve advertisers across its digital properties. However, Dubow noted the results were impacted by the challenging economy in both the US and UK. Preliminary earnings per share were $1.02 but will be reduced by impairment charges. More details on the financials would be provided later in the call.
Dover Corporation reported record results for the second quarter of 2007, with earnings from continuing operations of $175.1 million (up 10% from 2006), revenue of $1.859 billion (up 12% from 2006), and record backlog of $1.6 billion. For the six months ended June 30, 2007, earnings from continuing operations were $314 million (up 8% from 2006) and revenue was $3.639 billion (up 15% from 2006). The company expects a record third quarter with moderate organic growth and contributions from acquisitions.
This document is Dover Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended September 30, 2006. It includes Dover's condensed consolidated financial statements and notes for the periods. Some key details:
- Revenue for the quarter was $1.65 billion, up 21% from the prior year. Net earnings were $167.5 million.
- Year-to-date revenue was $4.81 billion, up 23% from prior year. Net earnings were $443.3 million.
- Total assets increased to $7.32 billion from $6.58 billion at the end of 2005, driven primarily by acquisitions.
- Cash flow from operations was
The document provides operating statistics for El Paso Corporation for the third quarter of 2006. It shows that consolidated net income was $135 million for the quarter. It also provides key financial data segmented by each of El Paso's business units, including pipelines, exploration and production, marketing and trading, power, and field services. The pipelines segment reported earnings before interest and taxes of $305 million for the quarter and throughput volumes on its major pipelines.
Danaher Corporation announced record results for its second quarter and first six months of 2006. Net earnings for the second quarter were $315 million, a 40% increase over the previous year. Sales for the second quarter were $2.35 billion, up 21.5% compared to the previous year. The company's CEO stated that strong core revenue growth across all three reporting segments contributed to the positive results and reinforced confidence for the second half of the year.
The document provides operating statistics for El Paso Corporation for the third quarter of 2006. It includes consolidated statements of income, operating results, business segment results, and schedules. Specifically, it shows that for the third quarter of 2006, El Paso Corporation reported net income of $135 million on operating revenues of $1.061 billion. The Pipelines business segment reported earnings before interest and taxes of $305 million and the Exploration and Production segment reported earnings of $141 million.
This document is Dover Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2006. It includes condensed consolidated financial statements such as statements of operations, balance sheets, cash flows, and notes to the financial statements. Some key details include total revenue for the quarter of $1.66 billion, net earnings of $71.9 million, total assets of $6.86 billion, and total stockholders' equity of $3.63 billion. The report provides the company's quarterly and year-to-date financial performance as well as additional disclosures regarding accounting policies, business acquisitions, and subsequent events.
Danaher Corporation announced record financial results for the third quarter and first nine months of 2006. Net earnings increased 17% for the quarter and 24% year-to-date compared to the same periods in 2005. Sales also increased substantially both for the quarter (24% higher) and year-to-date (21% higher). The CEO stated that core revenue growth remained strong and they expect to continue delivering positive results for the remainder of the year based on the strength of their businesses.
This document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2006. Some key details include:
- For the fourth quarter of 2006, El Paso reported net income of $166 million compared to a net loss of $162 million for the same period in 2005.
- For the full year 2006, net income was $475 million, an improvement from a net loss of $606 million in 2005.
- Earnings were positively impacted by higher earnings from the Pipelines, Exploration and Production, and Field Services segments.
- The results show improvement in El Paso's overall financial performance in 2006 compared to 2005.
This document provides operating statistics for El Paso Corporation for the fourth quarter of 2006. It includes consolidated statements of income, operating results, and business segment results for the company's pipelines, exploration and production, marketing, power, field services, and corporate divisions. For the fourth quarter of 2006, the company reported a net loss of $166 million compared to a net loss of $162 million in the fourth quarter of 2005. The pipelines segment reported earnings before interest and taxes of $302 million for the fourth quarter of 2006.
Danaher Corporation announced its second quarter 2007 results, with net earnings of $311 million compared to $314 million in the second quarter of 2006. Sales increased 13.5% to $2.67 billion. For the first six months of 2007, net earnings were $566 million on sales of $5.23 billion, increases of 5.5% and 16.5% respectively over the same period in 2006. The company stated that core revenue growth was 4.5% in the quarter despite difficult comparisons, and that performance through the first half gives them confidence in achieving positive results for the full year.
Danaher Corporation announced record third quarter results for 2007. Net earnings from continuing operations increased 26% compared to the third quarter of 2006. Earnings per share from continuing operations were $1.03, up from $0.82 in the prior year. Sales increased 13.5% to $2.7 billion. For the first nine months of 2007, net earnings from continuing operations increased 13% and sales increased 15.5% compared to the same period in 2006. The company stated that most of its businesses saw continued strength and growth in the quarter.
Danaher Corporation announced record first quarter results for 2006, with net earnings of $216 million, a 15% increase from 2005. Total sales increased 17.5% to $2.14 billion due to 12.5% growth from acquisitions and 7.5% core revenue growth. Operating cash flow was also up 8% from the previous record set in 2005. The company's CEO stated that the broad-based strength across businesses reinforces confidence in delivering positive results for the rest of 2006.
This document is Dover Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended September 30, 2007. It includes Dover's condensed consolidated financial statements and notes for the periods presented. Some key details:
- Revenue for the quarter increased 15% to $1.84 billion compared to $1.61 billion in the prior year. Net earnings increased 5% to $174.6 million.
- Year-to-date revenue increased 16% to $5.37 billion and net earnings increased 7% to $475.7 million.
- Total assets increased to $7.95 billion at the end of the quarter from $7.63 billion at the end of 2006
PPG Industries reported financial results for the third quarter and first nine months of 2007. Net sales increased 13% to $2.8 billion for the quarter compared to the prior year. Income from continuing operations increased significantly to $215 million for the quarter from $70 million in the prior year. For the first nine months, net sales increased 13% to $8.3 billion and income from continuing operations increased 24% to $622 million compared to the same period in 2006.
The document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2007. Key highlights include:
- Consolidated net income for Q4 2007 was $160 million compared to a net loss of $166 million in Q4 2006. For the full year, net income was $1.11 billion compared to $475 million in 2006.
- The Pipelines segment saw earnings before interest and taxes of $277 million in Q4 2007, up from $270 million in Q4 2006. For the full year, earnings were $1.11 billion, up from $1.06 billion in 2006.
- Exploration and Production earnings before interest and taxes were $252
The document provides operating statistics and financial results for El Paso Corporation for the fourth quarter and full year of 2007. Key highlights include:
- Consolidated net income for Q4 2007 was $160 million compared to a net loss of $166 million in Q4 2006. For the full year, net income was $1.11 billion compared to $475 million in 2006.
- The Pipelines segment saw earnings before interest and taxes of $277 million in Q4 2007, up from $270 million in Q4 2006. For the full year, earnings were $1.11 billion, up from $1.06 billion in 2006.
- Exploration and Production earnings before interest and taxes were $252
Danaher Corporation announced record results for the second quarter of 2008, with net earnings from continuing operations of $363 million, an 18% increase over the second quarter of 2007. Sales increased 25% to $3.28 billion. The company also saw a 22% increase in adjusted net earnings from continuing operations, which excludes certain charges related to an acquisition. For the first six months of 2008, net earnings from continuing operations were $640 million, up 14.5% compared to the same period in 2007. The company's CEO stated that despite economic conditions, the company's businesses are well positioned for the rest of 2008.
The document is the second quarter 2008 investor supplement from Dover Corporation. It provides condensed consolidated financial statements and quarterly segment information for Dover for Q2 2008 and comparisons to prior periods. Some key details include:
- Revenue for Q2 2008 was $2.01 billion, up 10% from $1.82 billion in Q2 2007. Net earnings for Q2 2008 were $135.3 million, down 21% from $172.2 million in Q2 2007.
- All business segments saw revenue increases in Q2 2008 compared to Q2 2007, with the exception of Electronic Technologies which was flat. Industrial Products and Fluid Management had the largest revenue gains.
Danaher Corporation reported financial results for Q4 and full year 2008. Q4 net earnings were $305.7 million compared to $320.2 million in Q4 2007. For the full year, net earnings were $1.3 billion compared to $1.37 billion in 2007. Sales increased 1% in Q4 to $3.18 billion and increased 15% for the full year to $12.7 billion. The CEO stated that while 2009 will be difficult, Danaher's portfolio of businesses and strong balance sheet will allow it to outperform in a challenging market.
Danaher Corporation announced record third quarter results for 2003, with net earnings of $138.6 million, a 19% increase over the previous year. Diluted earnings per share were $0.87, an increase of 18% from 2002. Sales increased 14% to $1.309 billion. For the first nine months of 2003, net earnings were $366.9 million, a 21% increase over the previous year. The company's CEO stated that they achieved strong earnings growth despite a challenging economy, and that organic growth remains a priority along with cost reductions to fund growth opportunities.
Smurfit-Stone reported a net loss of $19 million for Q1 2005, an improvement from a $66 million loss in Q1 2004. Net sales increased 8% to $2.1 billion. The company continued to face cost pressures from higher energy, fiber, and employee benefit costs which narrowed margins. However, demand was improving and costs were expected to moderate for the rest of the year, leading the company to expect a return to profitability in Q2 2005.
Smurfit-Stone Container Corporation reported second quarter 2005 net income of $1 million, an improvement from a $10 million net loss in the second quarter of 2004. Sales increased to $2.2 billion from $2 billion in the prior year period. For the first half of 2005, the company reported a net loss of $18 million, an improvement from a $76 million net loss in the first half of 2004, with sales of $4.2 billion compared to $4 billion in the prior year. The company expects third quarter results to be negatively impacted by unfavorable pricing trends but anticipates increased packaging demand in the seasonally strong period.
Smurfit-Stone Container Corporation reported a net loss of $229 million or $0.90 per share for Q3 2005, primarily due to a $293 million pretax restructuring charge related to mill closures in Canada and a paper machine closure. Net sales were $2.1 billion, down from $2.2 billion in Q3 2004. For the first nine months of 2005, the net loss was $247 million or $0.97 per share, compared to a net loss of $48 million or $0.19 per share for the same period in 2004. The company expects costs to increase in Q4 due to higher energy and freight expenses, while average corrugated prices are expected to
- Smurfit-Stone Container Corporation reported a net loss of $92 million for Q4 2005 and a net loss of $339 million for the full year 2005.
- Market conditions were unfavorable in the first half of 2005 with declining containerboard and corrugated prices but began to improve in Q4 2005. However, higher energy and fiber costs negatively impacted results.
- The company expects better comparisons going forward as market conditions improve but not meaningful sequential earnings growth in Q1 2006 due to seasonal factors and cost pressures.
- Smurfit-Stone Container Corporation reported a net loss of $64 million for Q1 2006 compared to a net loss of $19 million in Q1 2005.
- Net sales were $2.1 billion for Q1 2006, comparable to Q1 2005. However, higher costs such as energy and freight, as well as lower containerboard and corrugated prices, negatively impacted year-over-year results.
- The company expects results to improve in Q2 2006 but not reach breakeven, and anticipates returning to profitability in Q3 2006 as prices have rebounded and benefits from strategic initiatives continue.
Smurfit-Stone Container Corporation reported financial results for the second quarter of 2006. The company reported a net loss of $44 million compared to net income of $1 million in the second quarter of 2005. Sales were flat at $1.76 billion. For the first half of 2006 the company reported a net loss of $108 million compared to a net loss of $18 million in the first half of 2005, with sales of $3.5 billion, consistent with the previous year. The company's containerboard and corrugated containers segment saw improved operating profits compared to the previous quarter and previous year.
1) Smurfit-Stone Container Corporation reported a net income of $22 million or $0.09 per diluted share for Q4 2006, compared to a net loss of $0.36 per diluted share in Q4 2005.
2) For full year 2006, Smurfit-Stone reported a net loss of $71 million or $0.28 per diluted share, an improvement from a net loss of $339 million or $1.33 per diluted share in 2005.
3) The company exceeded its cost reduction target for 2006 from its strategic initiatives program, achieving $243 million in savings, and expects further meaningful earnings growth in 2007.
1) Smurfit-Stone Container Corporation reported a net loss of $55 million for the first quarter of 2007 compared to a net loss of $0.25 per share in the first quarter of 2006.
2) The company announced plans to close two containerboard mills with 200,000 tons of annual capacity and restart a previously idled paper machine with 170,000 tons of annual capacity to realign its mill system.
3) While costs increased due to higher wood and recycled fiber prices, the company expects improved second quarter results and a return to profitability due to moderating costs and stronger demand.
Smurfit-Stone Container Corporation reported financial results for the second quarter of 2007, with the following highlights:
1) Operating profits were up 59% from the previous quarter and 16% from the second quarter of 2006, driven by higher average prices across major product lines.
2) Sales increased 6% year-over-year to $1.87 billion for the second quarter.
3) The company expects higher mill production and continued price improvements to drive further financial gains in the third quarter.
Smurfit-Stone Container Corporation reported improved financial results in the third quarter of 2007 compared to the previous quarter:
- Adjusted net income nearly doubled from the second quarter, reaching $28 million.
- Strategic initiatives led to $18 million in quarterly benefits from cost reductions.
- Debt was reduced by $328 million through the sale of the Brewton, Alabama mill.
While earnings are expected to decrease in the fourth quarter due to seasonal factors, management expects ongoing benefits from strategic cost cutting initiatives and capital investments to drive continued margin improvements.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
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5 Tips for Creating Standard Financial ReportsEasyReports
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Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
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1. CONTACT: READ IT ON THE WEB
Paul Goldberg www.dovercorporation.com
Treasurer and Director of Investor Relations
(212) 922-1640 October 24, 2006
DOVER REPORTS THIRD QUARTER 2006 RESULTS
New York, New York, October 24, 2006 - Dover Corporation (NYSE: DOV) announced that for the
third quarter ended September 30, 2006, it had earnings from continuing operations of $156.3 million
or $0.76 diluted earnings per share (“EPS”), compared to $123.0 million or $0.60 EPS from
continuing operations in the prior-year period, representing increases of 27% and 26%, respectively.
Revenue for the third quarter of 2006 was $1,651.9 million, an increase of 21% over the prior-year
period. Earnings from continuing operations for the third quarter of 2006 included $0.02 EPS related
to the expensing of stock options and stock appreciation rights.
Net earnings for the third quarter of 2006 were $167.5 million or $0.82 EPS, including earnings from
discontinued operations of $11.2 million or $0.05 EPS, compared to net earnings of $122.7 million or
$0.60 EPS for the same period of 2005, which included a loss from discontinued operations of $0.4
million and no EPS impact.
Earnings from continuing operations for the nine months ended September 30, 2006 increased 38%
to $446.3 million, or $2.17 EPS, compared to the prior year, and included $0.06 EPS related to the
expensing of stock options and stock appreciation rights. Net earnings were $443.3 million or $2.16
EPS, compared to $394.0 million or $1.93 EPS in the prior year.
Commenting on the third quarter results, Dover’s President and Chief Executive Officer, Ronald L.
Hoffman, stated: “Dover continues to post very positive comparative results with a 27% earnings
increase on a 21% increase in sales for the third quarter. We also had a positive book to bill in the
quarter. These results reflect continued strong performances at a number of Dover's key platforms,
particularly the Oil and Gas, Electronic Components, Product Identification, Mobile Equipment and
Process Equipment Groups. We continue to generate strong, double-digit organic growth and have
also realized a significant positive impact from our recent acquisitions. Quarterly free cash flow of
$240 million was 15% of quarterly sales and 154% of quarterly net earnings. Our robust cash
generation reflects Dover’s focus on working capital improvements in our operating companies. This
is driven by the Dover metrics and the Performance Counts initiatives and validates our rebalanced
portfolio of higher margin operating companies. We are also excited about the addition of Paladin
Brands to the Dover family. Paladin serves a broad array of construction, demolition, utility and
forestry customers with an extensive line of specialty attachments and tools sold primarily through a
diverse distribution network.
Looking ahead, Dover enters the fourth quarter with record backlogs and demand remains strong in
the Oil and Gas, Electronic Components, Product Identification and Process Equipment Groups.
However, light construction and automotive markets continue to decline and semiconductor markets
remain soft. Overall, we anticipate a solid fourth quarter, well ahead of prior year results, but
moderating somewhat from the third quarter of 2006 given the effects of acquisition accounting costs
at Paladin and Markem as well as the normal impact of the holiday season.”
2. 2
Dover will host a Webcast of its third quarter 2006 conference call at 9:00 AM Eastern Time on
Wednesday October 25, 2006. The Webcast can be accessed at the Dover Corporation website at
www.dovercorporation.com. The conference call will also be made available for replay on the
website and additional information on Dover’s third quarter 2006 results and its operating companies
can also be found on the Company website and in the Company’s Form 10-Q filed after this release.
Dover Corporation makes information available to the public, orally and in writing, which may use
words like “anticipates,” quot;expects,quot; quot;believes,quot; “indicates,” “suggests,” “will,” “plans” and “should,”
which are quot;forward-looking statementsquot; under the Private Securities Litigation Reform Act of 1995.
This press release contains forward-looking statements concerning future events and the
performance of Dover Corporation that involve inherent risks and uncertainties that could cause
actual results to differ materially from current expectations, including, but not limited to, failure to
achieve expected synergies, the impact of continued events in the Middle East on the worldwide
economy, economic conditions, increases in the cost of raw materials, changes in customer
demand, increased competition in the markets served by Dover Corporation’s operating companies,
the impact of natural disasters, such as hurricanes, and their effect on global energy markets and
other risks. Dover Corporation refers you to the documents that it files from time to time with the
Securities and Exchange Commission, such as its reports on Form 10-K, Form 10-Q and Form 8-K,
for a discussion of these and other risks and uncertainties that could cause its actual results to differ
materially from its current expectations and from the forward-looking statements contained in this
press release. Dover Corporation undertakes no obligation to update any forward-looking statement.
TABLES FOLLOW
3. 3
DOVER CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited) (in thousands, except per share figures)
Three Months Ended September 30, Nine Months Ended September 30,
2006 2005 2006 2005
$ 1,651,927 $ 1,364,597 $ 4,813,554 $ 3,922,771
Revenue
Cost of goods and services 1,070,569 882,538 3,067,317 2,540,453
581,358 482,059 1,746,237 1,382,318
Gross profit
Selling and administrative expenses 355,264 301,005 1,059,130 900,364
226,094 181,054 687,107 481,954
Operating earnings
Interest expense, net 17,186 16,250 57,932 47,606
Other expense (income), net 2,609 (957) 9,583 (9,398)
Total interest/other expense, net 19,795 15,293 67,515 38,208
Earnings before provision for income
206,299 165,761 619,592 443,746
taxes and discontinued operations
Provision for income taxes 49,991 42,719 173,276 119,622
156,308 123,042 446,316 324,124
Earnings from continuing operations
Earnings (loss) from discontinued operations, net 11,217 (362) (3,054) 69,891
$ 167,525 $ 122,680 $ 443,262 $ 394,015
Net earnings
Basic earnings (loss) per common share:
Earnings from continuing operations $ 0.77 $ 0.61 $ 2.19 $ 1.60
Earnings (loss) from discontinued operations 0.06 - (0.01) 0.34
Net earnings 0.82 0.61 2.18 1.94
Weighted average shares outstanding 203,682 202,572 203,629 203,057
Diluted earnings (loss) per common share:
Earnings from continuing operations $ 0.76 $ 0.60 $ 2.17 $ 1.59
Earnings (loss) from discontinued operations 0.05 - (0.01) 0.34
Net earnings 0.82 0.60 2.16 1.93
Weighted average shares outstanding 205,313 203,918 205,294 204,236
Dividends paid per common share $ 0.19 $ 0.17 $ 0.53 $ 0.49
The following table is a reconciliation of the share amounts used in computing earnings per share:
Three Months Ended September 30, Nine Months Ended September 30,
2006 2005 2006 2005
Weighted average shares outstanding - Basic 203,682 202,572 203,629 203,057
Dilutive effect of assumed exercise
of employee stock options 1,631 1,346 1,665 1,179
Weighted average shares outstanding - Diluted 205,313 203,918 205,294 204,236
Anti-dilutive shares excluded from diluted EPS computation 1,837 3,755 2,252 4,537