Expeditors International of Washington, Inc. announced record financial results for the second quarter and first half of 1997, with significant increases in key metrics compared to the same periods in 1996. Net earnings increased 52% for the quarter and 50% year-to-date, driven by 45% and 43% increases in net revenues, respectively. The company opened new offices in Ireland and India during the quarter and saw continued growth across all business segments and regions. Chairman and CEO Peter Rose attributed the strong results to the company's global network and ability to gain market share while maintaining profitability and cost control.
A press release and financial update from UMH Properties for the first quarter of 2016. UMH buys and manages trailer parks throughout the Marcellus/Utica region.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.
Expeditors International of Washington, 2nd97qer
1. EARNINGS RELEASE
By: Expeditors International of Washington, Inc.
999 Third Avenue, Suite 2500
Seattle, Washington 98104
CONTACT: R. Jordan Gates
Chief Financial Officer
(206) 674-3427 FOR IMMEDIATE RELEASE
EXPEDITORS ANNOUNCES RECORD QUARTER; NET EARNINGS INCREASE 52%
SEATTLE, WASHINGTON - August 5, 1997, Expeditors International of Washington, Inc. (NASDAQ:EXPD)
today announced net earnings of $8,174,000 for the second quarter of 1997, compared with $5,371,000 for the same
quarter of 1996, an increase of 52%. Net revenues for the second quarter of 1997 increased 45% to $68,169,000
as compared with $47,130,000 reported for the second quarter of 1996. Total revenues and operating income were
$225,575,000 and $12,816,000 in 1997 compared with $166,206,000 and $8,381,000 for the same quarter of 1996,
increases of 36% and 53%, respectively. Net earnings per share for the second quarter were $.31 as compared with
$.21 for the same quarter in 1996, an increase of 48%. The company also reported that same store net revenues and
operating income increased 29% and 44%, respectively for the second quarter of 1997 when compared with 1996.
For the six months ended June 30, 1997, net earnings rose to $13,772,000 from $9,160,000 in 1996, an increase of
50%. Net revenues for the six months increased to $125,887,000 from $87,862,000 for 1996, up 43%. Total
revenues and operating income for the six months were $421,544,000 and $21,397,000 in 1997 compared with
$303,876,000 and $13,931,000 for the same period in 1996, increases of 39% and 54%, respectively. Net earnings
per share for the first two quarters of 1997 were $.53 as compared with $.36 for the same period of 1996, an increase
of 47%.
“This was our best quarter ever. We are pleased to be able to report record revenues, record net revenues, record
operating income, record net earnings and record investments in training and equipment to help us better serve the
growing needs of our customers” stated Peter J. Rose, Chairman and Chief Executive Officer. “We can also again
report that these results are well balanced both in terms of our service offerings and geographic coverage. These
results reflect the power and diversity of our global network. Remarkably even at these impressive levels of growth,
our same store figures illustrate that our basic strength continues to be the market share gains coming from our
established offices.”
“We have always believed that growth in revenue cannot come at the expense of profitability. Consistent with recent
quarters, we held the rate of growth in our operating expenses below the rate of growth in our net revenues. When
we can achieve this, we hit the ‘sweet spot’ - this quarter that meant a full one percent increase in our operating
margin (calculated on a net revenue basis) over the 1996 second quarter level. Even with record growth, our
employees remained focused on cost control. Our system allows us to accomplish all of this because we can attract
and retain the best-trained, most highly motivated employees in the industry” Rose concluded.
Expeditors is a global logistics company. Headquartered in Seattle, Washington, the company employs trained
professionals in 134 offices and 11 international service centers located on six continents linked into a seamless
worldwide network through an integrated information management system. Services include air and ocean freight
forwarding, vendor consolidation, customs clearance, marine insurance, distribution and other value added
international logistics services.
Additional information is available upon request or via the Internet at http://www.expd.com.
2. Expeditors International of Washington, Inc.
Financial Highlights
Three months and Six months ended
June 30, 1997 and 1996
Unaudited
(in 000's except share data)
Three months ended Six months ended
June 30 June 30
1997 1996 % 1997 1996 % Increase
Increase
Revenues 225,575 166,206 36% 421,544 303,876 39%
Net revenues 68,169 47,130 45% 125,887 87,862 43%
Operating income 12,816 8,381 53% 21,397 13,931 54%
Net earnings 8,174 5,371 52% 13,772 9,160 50%
Earnings per share .31 .21 48% .53 .36 47%
Weighted ave. shares 26,179,131 25,500,720 26,087,778 25,465,980
ADDITIONAL FINANCIAL INFORMATION AVAILABLE UPON REQUEST
New Offices Opened in the 2nd Quarter of 1997
Europe and Middle
Africa East
Cork, Ireland Bangalore, India
Dublin, Ireland Madras, India
Shannon, Ireland
3. EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(In thousands, except share data)
June 30, December 31,
Assets 1997 1996
(Unaudited)
Current assets:
Cash and cash equivalents $44,586 $36,966
Short-term investments 2,437 357
Accounts receivable, net 182,875 168,76
Deferred Federal and state taxes 5,141 4,854
Other current assets 6,648 4,503
Total current assets 241,687 215,443
Property and equipment, net 57,510 46,246
Other assets 15,297 10,297
$314,494 $ 271,986
Liabilities and Shareholders' Equity
Current liabilities:
Short-term borrowings 15,843 3,452
Accounts payable 117,463 101,670
Income taxes 6,592 5,659
Other current liabilities 21,219 21,194
Total current liabilities 161,117 131,975
Shareholders' equity:
Preferred stock, par value $.01 per share.
Authorized 2,000,000 shares; none issued -- --
Common stock, par value $.01 per share.
Authorized 40,000,000 shares; issued
and outstanding 24,346,007 shares at
June 30, 1997 and 24,212,946 at
December 31, 1996 243 242
Additional paid-in capital 14,814 13,179
Retained earnings 135,813 123,258
Equity adjustments from foreign currency
translation 2,507 3,332
Total shareholders' equity 153,377 140,011
$ 314,494 $ 271,986
4. EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
AND SUBSIDIARIES
Condensed Consolidated Statements of Earnings
(In thousands, except share data)
(Unaudited)
Three months ended Six months ended
June 30, June 30,
1997 1996 1997 1996
Revenues:
Airfreight $ 156,974 115,315 291,902 208,581
Ocean freight and ocean services 42,068 35,270 81,878 64,654
Customs brokerage and import services 26,533 15,621 47,764 30,641
Total revenues 225,575 166,206 421,544 303,876
Operating expenses:
Airfreight consolidation 127,446 92,667 236,750 167,121
Ocean freight consolidation 29,960 26,409 58,907 48,893
Salaries and related costs 36,939 25,566 69,269 48,641
Rent 2,584 2,111 4,995 3,894
Depreciation and amortization 2,662 1,942 5,044 3,829
Selling and promotion 3,228 2,306 6,108 4,520
Other 9,940 6,824 19,074 13,047
Total operating expenses 212,759 157,825 400,147 289,945
Operating income 12,816 8,381 21,397 13,931
Interest expense < 33> < 74> < 78> < 124>
Interest income 618 600 1,099 1,225
Other, net < 17> 23 8 51
Other income, net 568 549 1,029 1,152
Earnings before income taxes 13,384 8,930 22,426 15,083
Income tax expense 5,210 3,559 8,654 5,923
Net earnings $ 8,174 $ 5,371 $ 13,772 $ 9,160
Net earnings per share $ .31 $ .21 $ .53 $ .36
Weighted average number of
common shares 26,179,131 25,500,720 26,087,778 25,465,980
Certain 1996 amounts have been reclassified to conform to the 1997 presentation