Goodrich Corporation reported third quarter 2006 results with the following highlights:
- Sales grew 5% year-over-year to $1.436 billion, with growth in all segments.
- Net income per diluted share was $0.80, a 63% increase from third quarter 2005.
- Segment operating margins improved in all segments compared to third quarter 2005.
- The company initiated a $300 million share repurchase program to reduce dilution from equity compensation programs.
- Goodrich Corporation reported fourth quarter 2006 results with sales growth of 10% and segment operating margin increase from 11.2% to 12.5% compared to fourth quarter 2005.
- Net income per diluted share was $0.78, reflecting 39% growth including tax adjustments and stock-based compensation expenses.
- For full year 2006, sales grew 9% and segment operating margin increased from 11.5% to 13.0% compared to full year 2005. Net income per diluted share grew 79%.
This document provides a summary of Lear Corporation's fourth quarter and full year 2007 results and financial outlook for 2008.
Some key points:
- Net sales for Q4 2007 were $3.9 billion, up 6% from prior year. Core operating earnings for Q4 2007 were $179 million, up 11%.
- For the full year 2007, net sales were $15.3 billion, up 5% and core operating earnings were $749 million, up 34%.
- The financial outlook for 2008 forecasts net sales of approximately $15 billion and core operating earnings between $660-700 million.
Raytheon reported strong financial results for the third quarter of 2008, with sales up 12% and earnings per share up 17%. The company increased its full-year earnings guidance and announced a new $2 billion share repurchase plan. All of Raytheon's business segments experienced sales growth in the quarter.
Goodrich Corporation reported first quarter 2008 results with sales growth of 13% and segment operating income margin increasing from 14.9% to 17.3%. Net income per diluted share increased 59% to $1.24, which includes $0.03 from discontinued operations. For full-year 2008, Goodrich increased its sales outlook to $7.2-7.3 billion (13-14% growth) and net income per diluted share outlook to $4.30-$4.45 (14-18% growth). Key drivers include strong demand for commercial aircraft and aftermarket services as well as defense programs.
- GM reported preliminary first quarter 2007 results with GAAP EPS of $0.11 and adjusted EPS of $0.17.
- Adjusted total automotive results improved $0.3 billion versus Q1 2006 driven by improved results at GMNA, GMLAAM, and GMAP.
- GMAC reported a net loss of $115 million compared to net income of $495 million in Q1 2006 due to continued weakness in its mortgage business.
This document provides a summary of Lear Corporation's third-quarter 2006 results, fourth-quarter 2006 guidance, and preliminary outlook for 2007. Key points include:
- Third-quarter net sales were $4.1 billion and core operating earnings were $46.2 million.
- Fourth-quarter 2006 guidance projects net sales of $4.1 billion and core operating earnings between $80-110 million.
- A preliminary outlook for 2007 anticipates annual industry production in line with 2006, global new business of $800 million, and free cash flow turning solidly positive.
- Goodrich Corporation reported first quarter 2005 results, with sales growth of 10% and net income per share growth of 21% compared to first quarter 2004.
- The company increased its 2005 outlook with expected sales of $5.1-5.2 billion and net income per share of $1.80-$1.95.
- Segment operating income grew 28% in the first quarter due to increases in all market channels and reportable segments.
The Progressive Corporation reported financial results for March 2006. Net premiums written increased 1% to $1.137 billion compared to March 2005. Net income increased 15% to $156 million compared to the previous year. The combined ratio improved 1.5 percentage points to 83.3%. Policies in force grew 6% overall with increases in both personal and commercial auto insurance lines.
- Goodrich Corporation reported fourth quarter 2006 results with sales growth of 10% and segment operating margin increase from 11.2% to 12.5% compared to fourth quarter 2005.
- Net income per diluted share was $0.78, reflecting 39% growth including tax adjustments and stock-based compensation expenses.
- For full year 2006, sales grew 9% and segment operating margin increased from 11.5% to 13.0% compared to full year 2005. Net income per diluted share grew 79%.
This document provides a summary of Lear Corporation's fourth quarter and full year 2007 results and financial outlook for 2008.
Some key points:
- Net sales for Q4 2007 were $3.9 billion, up 6% from prior year. Core operating earnings for Q4 2007 were $179 million, up 11%.
- For the full year 2007, net sales were $15.3 billion, up 5% and core operating earnings were $749 million, up 34%.
- The financial outlook for 2008 forecasts net sales of approximately $15 billion and core operating earnings between $660-700 million.
Raytheon reported strong financial results for the third quarter of 2008, with sales up 12% and earnings per share up 17%. The company increased its full-year earnings guidance and announced a new $2 billion share repurchase plan. All of Raytheon's business segments experienced sales growth in the quarter.
Goodrich Corporation reported first quarter 2008 results with sales growth of 13% and segment operating income margin increasing from 14.9% to 17.3%. Net income per diluted share increased 59% to $1.24, which includes $0.03 from discontinued operations. For full-year 2008, Goodrich increased its sales outlook to $7.2-7.3 billion (13-14% growth) and net income per diluted share outlook to $4.30-$4.45 (14-18% growth). Key drivers include strong demand for commercial aircraft and aftermarket services as well as defense programs.
- GM reported preliminary first quarter 2007 results with GAAP EPS of $0.11 and adjusted EPS of $0.17.
- Adjusted total automotive results improved $0.3 billion versus Q1 2006 driven by improved results at GMNA, GMLAAM, and GMAP.
- GMAC reported a net loss of $115 million compared to net income of $495 million in Q1 2006 due to continued weakness in its mortgage business.
This document provides a summary of Lear Corporation's third-quarter 2006 results, fourth-quarter 2006 guidance, and preliminary outlook for 2007. Key points include:
- Third-quarter net sales were $4.1 billion and core operating earnings were $46.2 million.
- Fourth-quarter 2006 guidance projects net sales of $4.1 billion and core operating earnings between $80-110 million.
- A preliminary outlook for 2007 anticipates annual industry production in line with 2006, global new business of $800 million, and free cash flow turning solidly positive.
- Goodrich Corporation reported first quarter 2005 results, with sales growth of 10% and net income per share growth of 21% compared to first quarter 2004.
- The company increased its 2005 outlook with expected sales of $5.1-5.2 billion and net income per share of $1.80-$1.95.
- Segment operating income grew 28% in the first quarter due to increases in all market channels and reportable segments.
The Progressive Corporation reported financial results for March 2006. Net premiums written increased 1% to $1.137 billion compared to March 2005. Net income increased 15% to $156 million compared to the previous year. The combined ratio improved 1.5 percentage points to 83.3%. Policies in force grew 6% overall with increases in both personal and commercial auto insurance lines.
unum group 1Q 08_Statistical_Supplement_Notesfinance26
The document is Unum Group's statistical supplement for the first quarter of 2008. It includes financial highlights showing metrics such as premium income, revenues, income, assets and equity. It also includes segment operating results, quarterly historical results by segment, financial results and statistics by business segment (Unum US, Unum UK, Colonial Life, etc.), reserves data, investment information and statutory basis financial information. The supplement provides detailed quarterly and annual financial information about Unum Group to analyze performance by business segment.
The Progressive Corporation held a conference call to discuss its quarterly financial results. For the second quarter of 2005, the Company's net written premiums increased 7% to $3.594 billion and net income increased 2% to $394.3 million compared to the same period in 2004. The combined ratio, a measure of profitability, improved slightly to 86.1% from 85.4% the prior year. The Company also reported that its conference call to discuss third quarter results is scheduled for August 9, 2005.
This document summarizes Goodrich's second quarter 2004 performance and provides an outlook for 2004. Key points include:
- Sales were up 4% in Q2 2004 versus Q3 2003 driven by higher volume, though partially offset by foreign exchange impacts.
- Net income increased substantially due to improved operational performance and lower restructuring charges.
- Goodrich has paid down $904 million in debt since acquiring Aeronautical Systems and reduced net debt by $1.1 billion.
- Sales are expected to grow to $4.7-4.75 billion in 2004 with gains across various market channels.
- Baxter International reported financial results for Q3 2006 and year-to-date 2006 compared to the same periods in 2005.
- Net sales increased 7% to $2.56 billion in Q3 2006 and 3% to $7.62 billion for the first nine months of 2006.
- Operating income increased 29% to $504 million in Q3 2006 and 9% to $1.32 billion for the first nine months of 2006.
- Net income increased 222% to $374 million in Q3 2006 and 45% to $965 million for the first nine months of 2006, helped by lower tax expenses.
unum group 4Q 07_Statistical_Supplement_and_Notesfinance26
The document is Unum Group's statistical supplement for the fourth quarter of 2007. It includes financial highlights, income statements, sales data, and balance sheets. Some key details are:
- Net income for Q4 2007 was $160.5 million compared to $276.1 million in Q4 2006.
- Premium income for 2007 was $7.901.1 billion compared to $7.948.2 billion in 2006.
- Total sales decreased 4.3% to $379 million in Q4 2007 from $396.2 million in Q4 2006.
- Total assets as of December 31, 2007 were $52.432.7 billion.
This document summarizes the financial performance of a company for the third quarter and first nine months of 2005 compared to the same periods in 2004. It shows that net sales increased slightly for the quarter but increased 5% year-to-date, while earnings from continuing operations increased for both periods. On a segment level, the Household Group - North America saw stable sales growth and increased earnings for the quarter and year-to-date. Total assets decreased slightly from the previous fiscal year end while long-term debt increased significantly.
This document provides financial highlights and statistical data for Unum Group for the first quarter of 2007. Some key details include:
- Premium income was $1.944 billion for the first quarter of 2007, down slightly from $1.970 billion in the same period of 2006.
- Net income was $178.3 million for the first quarter of 2007, up significantly from $73.4 million for the first quarter of 2006.
- Total assets as of March 31, 2007 were $52.324 billion, up slightly from $50.471 billion as of March 31, 2006.
- The document provides segmented financial results and statistics for Unum US, Unum UK, Colonial, Individual
- Boeing reported a Q4 loss of $56 million compared to a profit of $1 billion in Q4 2007, due to impacts of the machinists' strike, a $685 million charge for the 747 program, and $101 million litigation reserve.
- Full year revenues fell 8% to $60.9 billion while net income declined 34% to $2.7 billion, reduced by an estimated $2.56 per share due to special charges.
- Boeing provided guidance for 2009 of revenues between $68-69 billion and EPS of $5.05-5.35 per share, with operating cash flow exceeding $2.5 billion.
The Progressive Corporation reported its November 2005 results. Net premiums written increased 5% to $986.3 million compared to November 2004. Net income decreased 11% to $83.3 million compared to the prior year. The combined ratio was 89.9%, a 0.3 point increase from November 2004. Progressive incurred losses of $4.2 million from Hurricane Wilma and $3 million from Hurricane Katrina in November, bringing its total losses from the storms to $76.6 million and $188.6 million, respectively.
United Stationers provides reconciliations of non-GAAP financial measures to GAAP measures for the three months and full year ended December 31, 2007 and 2006. For both periods, adjustments were made to gross profit, operating expenses, operating income, and net income per share for non-recurring items like restructuring charges and product marketing programs. The adjustments resulted in higher adjusted operating income and earnings per share compared to reported GAAP figures. For the full year, adjusted earnings per share grew 18% compared to the prior year.
- Emerson reported strong financial results for the second quarter of 2008, with sales up 12% and earnings per share up 23% compared to the previous year. Underlying sales growth was 6% led by international growth.
- Operating profit margin improved 100 basis points to 16.4% due to cost containment programs and a $30M commodity hedging benefit. Cash flow also increased significantly.
- The Process Management segment saw sales growth of 19% driven by strong underlying growth of 16% internationally, while the Industrial Automation segment grew sales 11%.
- Emerson's balance sheet remains strong, allowing flexibility for investments and shareholder returns.
- The document provides AES Corporation's third quarter 2006 financial review, including highlights and guidance updates.
- Key highlights include a 14% increase in revenues year-over-year due to higher prices and new projects. Gross margin increased 9% while income before taxes declined 114% due to losses on asset sales related to restructuring.
- Guidance for 2006 was updated, with revenue growth expected at 9-10% and adjusted EPS estimated at $1.09, up from the prior guidance of $1.01.
Raytheon reported strong financial results for Q2 2008, with sales up 11% and EPS up 27%. All business segments saw sales growth. Raytheon increased full-year guidance for sales, EPS, operating cash flow and return on invested capital. The company also reported solid bookings of $6 billion for Q2 and a backlog of $37.5 billion.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
Goodrich Corporation reported fourth quarter and full year 2006 results on February 1, 2007. Some key highlights include:
- Fourth quarter 2006 sales grew 10% year-over-year with growth in all segments and major market channels. Segment operating margin increased from 11.2% to 12.5%.
- Net income per diluted share was $0.78, reflecting 39% growth over fourth quarter 2005.
- For the full year 2006, sales grew 9% year-over-year. Segment operating income increased 22% and margin increased 1.5% to 13.0%. Net income increased 83%.
- The company cautions that any forward-looking statements are subject to risks and uncertainties that could cause
- Goodrich Corporation reported second quarter 2006 results, with sales growing 10% year-over-year and income from continuing operations increasing 30% to $81 million compared to second quarter 2005.
- The company raised its 2006 sales outlook to $5.75-5.85 billion and adjusted net income per diluted share outlook to $3.40-3.55 due to improved operational performance.
- All business segments saw sales and operating income increases compared to second quarter 2005, driven by higher commercial airplane original equipment and aftermarket sales as well as cost improvements.
- Goodrich Corporation reported second quarter 2006 results, with sales growing 10% year-over-year and income from continuing operations increasing 30% to $81 million.
- The company raised its 2006 sales outlook to $5.75-5.85 billion and adjusted net income per diluted share outlook to $3.40-3.55 due to improved operational performance.
- Segment operating margins improved across all segments (Engine Systems, Airframe Systems, Electronic Systems), driven by higher commercial airplane original equipment and aftermarket sales as well as cost reductions.
unum group 1Q 08_Statistical_Supplement_Notesfinance26
The document is Unum Group's statistical supplement for the first quarter of 2008. It includes financial highlights showing metrics such as premium income, revenues, income, assets and equity. It also includes segment operating results, quarterly historical results by segment, financial results and statistics by business segment (Unum US, Unum UK, Colonial Life, etc.), reserves data, investment information and statutory basis financial information. The supplement provides detailed quarterly and annual financial information about Unum Group to analyze performance by business segment.
The Progressive Corporation held a conference call to discuss its quarterly financial results. For the second quarter of 2005, the Company's net written premiums increased 7% to $3.594 billion and net income increased 2% to $394.3 million compared to the same period in 2004. The combined ratio, a measure of profitability, improved slightly to 86.1% from 85.4% the prior year. The Company also reported that its conference call to discuss third quarter results is scheduled for August 9, 2005.
This document summarizes Goodrich's second quarter 2004 performance and provides an outlook for 2004. Key points include:
- Sales were up 4% in Q2 2004 versus Q3 2003 driven by higher volume, though partially offset by foreign exchange impacts.
- Net income increased substantially due to improved operational performance and lower restructuring charges.
- Goodrich has paid down $904 million in debt since acquiring Aeronautical Systems and reduced net debt by $1.1 billion.
- Sales are expected to grow to $4.7-4.75 billion in 2004 with gains across various market channels.
- Baxter International reported financial results for Q3 2006 and year-to-date 2006 compared to the same periods in 2005.
- Net sales increased 7% to $2.56 billion in Q3 2006 and 3% to $7.62 billion for the first nine months of 2006.
- Operating income increased 29% to $504 million in Q3 2006 and 9% to $1.32 billion for the first nine months of 2006.
- Net income increased 222% to $374 million in Q3 2006 and 45% to $965 million for the first nine months of 2006, helped by lower tax expenses.
unum group 4Q 07_Statistical_Supplement_and_Notesfinance26
The document is Unum Group's statistical supplement for the fourth quarter of 2007. It includes financial highlights, income statements, sales data, and balance sheets. Some key details are:
- Net income for Q4 2007 was $160.5 million compared to $276.1 million in Q4 2006.
- Premium income for 2007 was $7.901.1 billion compared to $7.948.2 billion in 2006.
- Total sales decreased 4.3% to $379 million in Q4 2007 from $396.2 million in Q4 2006.
- Total assets as of December 31, 2007 were $52.432.7 billion.
This document summarizes the financial performance of a company for the third quarter and first nine months of 2005 compared to the same periods in 2004. It shows that net sales increased slightly for the quarter but increased 5% year-to-date, while earnings from continuing operations increased for both periods. On a segment level, the Household Group - North America saw stable sales growth and increased earnings for the quarter and year-to-date. Total assets decreased slightly from the previous fiscal year end while long-term debt increased significantly.
This document provides financial highlights and statistical data for Unum Group for the first quarter of 2007. Some key details include:
- Premium income was $1.944 billion for the first quarter of 2007, down slightly from $1.970 billion in the same period of 2006.
- Net income was $178.3 million for the first quarter of 2007, up significantly from $73.4 million for the first quarter of 2006.
- Total assets as of March 31, 2007 were $52.324 billion, up slightly from $50.471 billion as of March 31, 2006.
- The document provides segmented financial results and statistics for Unum US, Unum UK, Colonial, Individual
- Boeing reported a Q4 loss of $56 million compared to a profit of $1 billion in Q4 2007, due to impacts of the machinists' strike, a $685 million charge for the 747 program, and $101 million litigation reserve.
- Full year revenues fell 8% to $60.9 billion while net income declined 34% to $2.7 billion, reduced by an estimated $2.56 per share due to special charges.
- Boeing provided guidance for 2009 of revenues between $68-69 billion and EPS of $5.05-5.35 per share, with operating cash flow exceeding $2.5 billion.
The Progressive Corporation reported its November 2005 results. Net premiums written increased 5% to $986.3 million compared to November 2004. Net income decreased 11% to $83.3 million compared to the prior year. The combined ratio was 89.9%, a 0.3 point increase from November 2004. Progressive incurred losses of $4.2 million from Hurricane Wilma and $3 million from Hurricane Katrina in November, bringing its total losses from the storms to $76.6 million and $188.6 million, respectively.
United Stationers provides reconciliations of non-GAAP financial measures to GAAP measures for the three months and full year ended December 31, 2007 and 2006. For both periods, adjustments were made to gross profit, operating expenses, operating income, and net income per share for non-recurring items like restructuring charges and product marketing programs. The adjustments resulted in higher adjusted operating income and earnings per share compared to reported GAAP figures. For the full year, adjusted earnings per share grew 18% compared to the prior year.
- Emerson reported strong financial results for the second quarter of 2008, with sales up 12% and earnings per share up 23% compared to the previous year. Underlying sales growth was 6% led by international growth.
- Operating profit margin improved 100 basis points to 16.4% due to cost containment programs and a $30M commodity hedging benefit. Cash flow also increased significantly.
- The Process Management segment saw sales growth of 19% driven by strong underlying growth of 16% internationally, while the Industrial Automation segment grew sales 11%.
- Emerson's balance sheet remains strong, allowing flexibility for investments and shareholder returns.
- The document provides AES Corporation's third quarter 2006 financial review, including highlights and guidance updates.
- Key highlights include a 14% increase in revenues year-over-year due to higher prices and new projects. Gross margin increased 9% while income before taxes declined 114% due to losses on asset sales related to restructuring.
- Guidance for 2006 was updated, with revenue growth expected at 9-10% and adjusted EPS estimated at $1.09, up from the prior guidance of $1.01.
Raytheon reported strong financial results for Q2 2008, with sales up 11% and EPS up 27%. All business segments saw sales growth. Raytheon increased full-year guidance for sales, EPS, operating cash flow and return on invested capital. The company also reported solid bookings of $6 billion for Q2 and a backlog of $37.5 billion.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
Goodrich Corporation reported fourth quarter and full year 2006 results on February 1, 2007. Some key highlights include:
- Fourth quarter 2006 sales grew 10% year-over-year with growth in all segments and major market channels. Segment operating margin increased from 11.2% to 12.5%.
- Net income per diluted share was $0.78, reflecting 39% growth over fourth quarter 2005.
- For the full year 2006, sales grew 9% year-over-year. Segment operating income increased 22% and margin increased 1.5% to 13.0%. Net income increased 83%.
- The company cautions that any forward-looking statements are subject to risks and uncertainties that could cause
- Goodrich Corporation reported second quarter 2006 results, with sales growing 10% year-over-year and income from continuing operations increasing 30% to $81 million compared to second quarter 2005.
- The company raised its 2006 sales outlook to $5.75-5.85 billion and adjusted net income per diluted share outlook to $3.40-3.55 due to improved operational performance.
- All business segments saw sales and operating income increases compared to second quarter 2005, driven by higher commercial airplane original equipment and aftermarket sales as well as cost improvements.
- Goodrich Corporation reported second quarter 2006 results, with sales growing 10% year-over-year and income from continuing operations increasing 30% to $81 million.
- The company raised its 2006 sales outlook to $5.75-5.85 billion and adjusted net income per diluted share outlook to $3.40-3.55 due to improved operational performance.
- Segment operating margins improved across all segments (Engine Systems, Airframe Systems, Electronic Systems), driven by higher commercial airplane original equipment and aftermarket sales as well as cost reductions.
Raytheon reported strong financial results for the fourth quarter and full year 2006. Quarterly sales increased 12% to $5.7 billion due to growth at Integrated Defense Systems, Missile Systems, and Network Centric Systems. Earnings per share from continuing operations increased 27% to $0.65 for the quarter. For the full year, sales increased 7% to $20.3 billion and earnings per share from continuing operations increased 37% to $2.46. Raytheon also provided guidance for 2007, forecasting earnings per share from continuing operations between $2.85 to $3.00 on sales between $21.4 to $21.9 billion.
Raytheon reported strong financial results for the fourth quarter and full year of 2007. Quarterly sales increased 8% to $6 billion and income from continuing operations was up 84% to $634 million. For the full year, sales rose 8% to $21.3 billion while income from continuing operations grew 43% to $1.7 billion. Raytheon also increased its bookings guidance for 2008 based on record backlog of $36.6 billion in the fourth quarter.
This document summarizes Goodrich's second quarter 2004 performance and provides an outlook for 2004. Key points include:
- Sales were up 4% in Q2 2004 versus Q3 2003 while net income increased 169% due to improved operational performance.
- For the first half of 2004, sales were up 5% and net income increased 95% year-over-year.
- Goodrich has paid down $904 million in debt since acquiring Aeronautical Systems in 2002 through strong cash flow.
- The outlook for 2004 anticipates sales of $4.70-4.75 billion and EPS of $1.30-1.40, representing growth over 2003.
- Goodrich has a balanced business mix across
Goodrich Corporation reported first quarter 2008 results with sales growth of 13% and segment operating income margin increasing from 14.9% to 17.3%. Net income per diluted share increased 59% to $1.24, including $0.03 from discontinued operations. For full-year 2008, Goodrich increased its sales outlook to $7.2-7.3 billion (13-14% growth) and net income per diluted share outlook to $4.30-$4.45 (14-18% growth). Key drivers included strong commercial aircraft production and aftermarket demand as well as positions on new defense platforms.
Raytheon reported strong financial results for Q3 2006, with EPS up 41% and bookings of $6.1 billion. The company increased full-year 2006 guidance for EPS, bookings, operating cash flow and ROIC. Segments such as IDS, MS and RAC saw higher sales and improved operating performance compared to Q3 2005. Raytheon also provided initial guidance for 2007 with projected continued growth.
Goodrich Corporation reported fourth quarter 2007 results with the following highlights:
- Sales grew 12% to $1.668 billion compared to fourth quarter 2006, driven by strong commercial aftermarket sales.
- Segment operating income margin increased from 13.0% to 15.9% year-over-year.
- Net income per diluted share increased 33% to $1.04, including $0.09 per share related to a settlement.
- For full year 2008, Goodrich expects sales to grow 11-13% to $7.1-7.2 billion and net income per diluted share to increase 10-14% to $4.15-$4.30, reflecting continued strong demand in commercial
Goodrich Corporation reported fourth quarter 2007 results with the following highlights:
- Sales grew 12% to $1.668 billion compared to fourth quarter 2006, driven by strong commercial aftermarket sales.
- Segment operating income margin increased from 13.0% to 15.9% over the same period.
- Net income per diluted share increased 33% to $1.04, including $0.09 per share related to a settlement.
- For full year 2008, Goodrich expects sales growth of 11-13% to $7.1-7.2 billion and net income per diluted share growth of 10-14% to $4.15-$4.30, reflecting expected increases in commercial aircraft deliver
This document summarizes Raytheon's financial results for the fourth quarter and full year of 2008. Key points include: Raytheon reported solid financial results for Q4 and full year 2008, with record backlog of $38.9 billion; Q4 sales were $6.1 billion and adjusted EPS was $1.13; Full year sales grew 9% to $23.2 billion and adjusted EPS grew 23% to $4.06; Raytheon reaffirmed its financial guidance for 2009 and expects continued growth.
- 3M reported strong financial results for the first quarter of 2006, with sales growth of 8.3% and EPS growth of 20.6% compared to the first quarter of 2005.
- All six of 3M's business segments saw operating income increases, led by the Safety, Security & Protection Services segment with a 30.3% increase.
- For the second quarter of 2006, 3M expects local currency sales growth of 5-8% and EPS between $1.14-$1.17, and for the full year expects local currency sales growth of 5.5-8% and EPS of $4.55-$4.65.
- Goodrich Corporation reported strong financial results for the fourth quarter and full year 2004, with sales and earnings growth.
- Segment operating income increased 17% in the fourth quarter compared to 2003, driven by sales increases in all reportable segments.
- Full year 2004 sales grew 8% over 2003 and segment operating income increased 56%.
- The company reduced long-term debt by $131 million in the fourth quarter and made an additional $78 million in pension contributions, maintaining a strong cash balance of $298 million at year-end.
- Goodrich Corporation reported strong financial results for the fourth quarter and full year 2004, with sales and earnings growth.
- Segment operating income increased 17% in the fourth quarter compared to 2003, driven by sales increases in all reportable segments.
- Full year 2004 sales grew 8% over 2003, with segment operating income increasing 56% due to higher volumes and efficiencies.
- The company reduced long-term debt by $131 million in the fourth quarter and continued strong cash generation with $298 million of cash on hand at year-end.
This document provides a summary of Lear Corporation's second quarter 2006 financial results and full-year 2006 financial guidance. Some key points include:
- Second quarter results showed year-over-year improvement and full-year earnings guidance was unchanged.
- Lear signed an agreement to contribute its European Interiors business to a joint venture, which will result in a $40 million loss being recorded in the third quarter.
- Seating segment earnings improved due to strong new business globally and improved Asian profitability. Electronic and Electrical earnings declined due to higher commodity costs and competitive pricing pressure.
- Overall results were positively impacted by new program launches, but negatively impacted by lower North American production volumes and unf
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.
Raytheon reported strong financial results for the first quarter of 2007, with sales up 6% to $4.9 billion and operating income up 18% to $510 million compared to the first quarter of 2006. Earnings per share from continuing operations were up 13% to $0.69. The company also achieved record backlog of $33.9 billion and solid bookings of $5.3 billion in the quarter. Raytheon reaffirmed its full-year 2007 financial outlook and announced it had initiated a $1 billion debt redemption following the completion of the sale of its aircraft unit Raytheon Aircraft Company.
Raytheon reported strong financial results for the first quarter of 2006. Key highlights included earnings per share increasing 49% to $0.64, record backlog of $34.7 billion, and increased full-year guidance for EPS and operating cash flow. Segment results were positive across all business units. For the full year, Raytheon increased EPS guidance to $2.55-$2.65 and operating cash flow guidance to $1.9-$2.1 billion.
Raytheon reported strong third quarter 2007 results with bookings of $6.5 billion and sales of $5.4 billion, up 8% from the prior year. Earnings per share from continuing operations were $0.69, up 17% year-over-year. Raytheon also announced a new $2 billion share repurchase program and the pending sale of its Flight Options subsidiary. Segment results were positive across Integrated Defense Systems, Missile Systems, Network Centric Systems and Intelligence and Information Systems on higher sales and margins.
The Progressive Corporation reported financial results for March 2006. Net premiums written increased 1% to $1.137 billion compared to March 2005. Net income increased 15% to $156 million compared to the previous year. The combined ratio improved 1.5 percentage points to 83.3%. Policies in force grew 6% overall with increases in both personal and commercial auto insurance lines.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
1) Oshkosh reported strong third quarter 2007 results with sales increasing 108% to $1.85 billion and operating income up 133% to $192.7 million.
2) Access equipment and defense led the growth in sales and operating income. The acquisition of JLG was accretive to EPS by $0.35 per share.
3) For fiscal year 2007, Oshkosh estimates sales between $6.3-6.35 billion and EPS between $3.35-3.40, and for fiscal year 2008 estimates sales between $7-7.2 billion and EPS between $4.15-4.35.
The document summarizes Oshkosh Truck Corporation's fourth quarter fiscal 2007 earnings conference call. It discusses record sales and operating income for fiscal 2007. Projections are provided for fiscal 2008, estimating sales between $7.1-7.3 billion and operating income between $690-715 million. Segment performances are reviewed, with access equipment and defense highlighted as key growth drivers. Estimates are also given for interest expense, tax rates, capital expenditures and debt levels for fiscal 2008.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
The document summarizes Oshkosh Corporation's earnings conference call for the third quarter of fiscal year 2008. It discusses increases in sales revenue but decreases in operating income and earnings per share compared to the previous year. Several initiatives are mentioned to manage costs and cash flow in changing market conditions. Business segment results are provided, with strength in access equipment and defense but challenges in commercial and fire & emergency sectors.
This document is the transcript from Oshkosh Corporation's earnings conference call for the fourth quarter of fiscal year 2008. It discusses Oshkosh's financial results for Q4 and fiscal year 2008, including sales, operating income, earnings per share, and debt reduction. It also provides an outlook for fiscal year 2009, estimating revenues of $6.3-6.7 billion, operating income of $350-400 million, and EPS of $1.65-2.05. The transcript reviews performance and outlook for each of Oshkosh's business segments and discusses its financing plans.
Robert Bohn and David Sagehorn of Oshkosh Corporation gave a presentation at the Goldman Sachs Conference in November 2008. They discussed Oshkosh's strong financial position and actions taken to reduce costs and debt. While market conditions were volatile due to the economic downturn, Oshkosh was well positioned with backlogs in defense, fire, and refuse collection vehicles. The presentation outlined Oshkosh's segments and strategies to manage through the difficult economy.
1) The document is from a presentation given by Oshkosh executives Charles Szews and David Sagehorn at the R.W. Baird Industrial Conference on November 12, 2008.
2) Oshkosh reported sales increased 13.2% to $7.1 billion in fiscal 2008, with international sales reaching $2.1 billion. However, operating income decreased 1.5% and EPS decreased 5.9% due to non-cash impairment charges.
3) Oshkosh recently secured multiple defense contracts and sees opportunities in the domestic refuse collection vehicle market, but the current market volatility and credit crisis make fiscal 2009 projections difficult given exposure to construction and municipal spending.
Charles Szews, President and COO of Oshkosh Corporation, presented at the Cowen and Company Aerospace & Defense Conference on February 5, 2009. He discussed Oshkosh's business segments, products, competitive advantages, challenges, and actions taken in response to the economic downturn. Key points included reduced revenues and earnings in Q1 2009, cost reduction efforts, and focus on core businesses with strong backlogs like defense and fire apparatus that have gained market share.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
This document contains the transcript from Oshkosh Corporation's earnings conference call for the third quarter of fiscal year 2008. Key highlights include a 6.6% increase in quarterly sales to $1.97 billion but a 5.9% decrease in operating income to $181.2 million. EPS for the quarter decreased 1.7% to $1.19. Oshkosh revised its estimate for full year 2008 EPS to a range of $3.15 to $3.30.
This document summarizes an earnings conference call for Oshkosh Corporation for the fourth quarter of fiscal year 2008. It discusses the company's financial results including a 5.8% increase in sales to $1.9 billion but a 32% decrease in operating income to $122 million. The document also provides an overview of Oshkosh's fiscal year 2008 results and discusses challenges faced in various business segments due to economic conditions. It notes actions taken by the company to reduce costs and debt. An outlook is given for fiscal year 2009 noting market volatility and a plan to drive over $500 million in debt reduction. Business segment results and outlooks are also summarized.
The document outlines an annual investor conference for Goodrich Corporation to be held on October 30, 2003. The morning session will include introductory comments by Marshall Larsen and a financial review by Rick Schmidt. Breakout sessions will cover Airframe Systems, Engine Systems, and Electronic Systems with a panel Q&A. The afternoon will include an informal lunch and company and market overviews by Marshall Larsen.
The document outlines an annual investor conference for Goodrich Corporation to be held on October 30, 2003. The morning session will include introductory comments by Marshall Larsen and a financial review by Rick Schmidt. Breakout sessions will cover Airframe Systems, Engine Systems, and Electronic Systems with a panel Q&A. The afternoon will include an informal lunch and company and market overviews by Marshall Larsen.
- The document provides an overview of Goodrich Corporation's aerospace business, including market conditions, strategy, and financial outlook.
- Goodrich expects sales to increase to $4.3-4.4 billion in 2003, with earnings per share of $0.85-0.95, driven by recovery in commercial aerospace markets.
- Key growth opportunities for Goodrich include new programs like the A380 and Joint Strike Fighter that are expected to provide over $1 billion in annual sales by 2005-2006.
- The document provides an overview of Goodrich Corporation's aerospace business including market conditions, strategy, and financial outlook.
- Goodrich expects sales to increase to $4.3-4.4 billion in 2003, up from $3.8 billion in 2002, driven partly by recovering commercial aerospace markets. Earnings per share are forecast to be $0.85-0.95 for 2003.
- Key elements of Goodrich's strategy include balanced growth above market trends, leveraging technology across segments, and achieving operational excellence through initiatives like lean manufacturing. New programs launching in 2005-2008 are expected to accelerate future sales growth.
Goodrich Corporation reported financial results for the 4th quarter and full year of 2003. Net income for the 4th quarter was $33 million, up from $12 million the previous year. Sales were $1.13 billion, down 2% from the prior year. For the full year, net income was $111 million on sales of $4.38 billion, up from $118 million on $3.81 billion in sales the previous year. Cash flow from operations for the 4th quarter was $204 million and $553 million for the full year. Goodrich also redeemed some QUIPS and reduced its total debt by $428 million for the year.
Goodrich Corporation announced its fourth quarter and full year 2003 financial results. Net income for Q4 2003 was $33 million compared to $12 million for Q4 2002. Sales for Q4 2003 were $1,130 million, down 2% from Q4 2002. For the full year 2003, net income was $111 million on sales of $4,383 million, up from $118 million on sales of $3,809 million in 2002. Goodrich also provided guidance for 2004, expecting sales growth in the low single digits and EPS in the range of $1.20-$1.35 per share.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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2. Forward Looking Statements
Certain statements made in this presentation are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 regarding the Company's future plans,
objectives and expected performance. The Company cautions readers that any such forward-
looking statements are based on assumptions that the Company believes are reasonable, but are
subject to a wide range of risks, and actual results may differ materially.
Important factors that could cause actual results to differ include, but are not limited to: demand
for and market acceptance of new and existing products, such as the Airbus A350 and A380, the
Boeing 787 Dreamliner, the Embraer 190, the Dassault Falcon 7X, and the Lockheed Martin F-35
Lightning II and F-22 Raptor; the health of the commercial aerospace industry, including the
impact of bankruptcies in the airline industry; global demand for aircraft spare parts and
aftermarket services; and other factors discussed in the Company's filings with the Securities and
Exchange Commission and in the Company's October 26, 2006 Third Quarter 2006 Results press
release.
The Company cautions you not to place undue reliance on the forward-looking statements
contained in this presentation, which speak only as of the date on which such statements were
made. The Company undertakes no obligation to release publicly any revisions to these forward-
looking statements to reflect events or circumstances after the date on which such statements
were made or to reflect the occurrence of unanticipated events.
2
4. Third Quarter 2006 Highlights
Third quarter 2006 results, compared to third quarter 2005
Sales grew 5 percent, with growth in all segments
Segment operating margin improved in all segments
Net income per diluted share was $0.80, reflecting 63 percent
growth
• Improved operational performance
• Tax settlement of $0.11
Share repurchase program approved
$300 million repurchase plan authorized
Expected to reduce dilution in future years from equity
compensation programs
Selected by Boeing 787 launch customer All Nippon Airways to supply
wheels and electrically actuated brakes
First electrically actuated brake provided on a large commercial
aircraft
Selected by Cathay Pacific Airways to supply wheels and brakes and
services for its new fleet of 18 Boeing 777-300ER aircraft.
Opened new nacelle integration facility in Everett, WA to support
Boeing 787 program
4
6. Third Quarter 2006 – Financial Summary
Year-over-Year Performance
3rd Qtr 3rd Qtr
(Dollars in Millions, excluding EPS) 2006 2005 Change
Sales $1,436 $1,371 5%
Segment operating income $197 $157 25%
- % of Sales 13.7% 11.5% +2.2%
Income
- Continuing Operations $102 $61 67%
- Net Income $102 $61 67%
Diluted EPS
- Continuing Operations $0.80 $0.49 63%
- Net Income $0.80 $0.49 63%
6
7. Third Quarter YTD 2006 – Financial Summary
Year-over-Year Performance
First Nine First Nine
(Dollars in Millions, excluding EPS) Months Months Change
2006 2005
Sales $4,343 $3,999 9%
Segment operating income $570 $465 22.5%
- % of Sales 13.1% 11.6% +1.5%
Income
- Continuing Operations $383 $180 113%
- Net Income $384 $194 98%
Diluted EPS
- Continuing Operations $3.03 $1.46 108%
- Net Income $3.04 $1.57 94%
7
8. Third Quarter 2006
Year-over-Year Financial Change Analysis
(Dollars in Millions)
After-tax Diluted
Item Sales
Income EPS
Third Quarter 2005 – Income from Continuing
$1,371 $61 $0.48
Operations
Increased overall volume, efficiency, mix, other $62 $20 $0.14
Tax settlement agreement $13 $0.11
Foreign exchange translation costs $3 ($7) ($0.05)
Decreased pension expense $3 $0.03
Decreased R&D expenses $4 $0.03
Debt retirement premiums and costs, airline
$6 $0.05
bankruptcy filings (3Q05)
Restructuring and consolidation charges $2 $0.01
Third Quarter 2006 – Income from Continuing
$1,436 $102 $0.80
Operations
8
9. Third Quarter 2006
Year-over-Year Segment Results
Engine Systems Segment
3rd Quarter 3rd Quarter Change
2006 2005
Dollars in Millions $ %
Sales $583 $567 $16 2.7%
Segment OI $116 $104 $12 11.6%
% Sales 19.9% 18.4% N/A +1.5%
Included above:
Restructuring and ($1) ($1) -- --
Consolidation Charges
Sales:
Engine Systems segment sales of $582.5 million in the quarter ended September 30, 2006 increased $15.2 million, or 2.7
percent, from $567.3 million in the quarter ended September 30, 2005. The increase was primarily due to the following:
Higher large commercial airplane aftermarket (including maintenance, repair and overhaul (MRO)) volume of
approximately $26 million, primarily in our aerostructures business; and
Higher regional and business original equipment and aftermarket sales volume of approximately $8 million,
primarily from our aerostructures business.
The increase in sales was partially offset by a decline in defense sales volume of approximately $21 million, primarily
associated with completed contracts in our aerostructures and customer services businesses.
Operating Income:
Engine Systems segment operating income of $116.2 million in the quarter ended September 30, 2006 increased $12.1
million, or 11.6 percent, from $104.1 million in the quarter ended September 30, 2005. Segment operating income was
approximately $17 million higher due primarily to the higher sales volume described above.
The increase in the Engine Systems segment operating income was partially offset by higher costs of approximately $5
million, including unfavorable foreign exchange translation, costs related to the implementation of an ERP system and
increased costs for research and development, primarily in our aerostructures business.
9
10. Third Quarter 2006
Year-over-Year Segment Results
Airframe Systems Segment
3rd Quarter 3rd Quarter Change
2006 2005
Dollars in Millions $ %
Sales $481 $475 $6 1.2%
Segment OI $31 $16 $15 91.3%
% Sales 6.4% 3.4% N/A +3.0%
Included above:
Restructuring and -- ($3) $3 N/A
Consolidation Charges
Sales:
Airframe Systems segment sales of $481.1 million for the quarter ended September 30, 2006 increased $5.9 million, or 1.2 percent,
from $475.2 million for the quarter ended September 30, 2005. The increase was primarily due to the following:
Higher large commercial airplane aftermarket sales volume of approximately $8 million, primarily in our landing gear and
actuation systems businesses; and
Higher large commercial airplane original equipment sales volume of approximately $8 million. Increased sales to Boeing were
partially offset by decreased sales to Airbus, primarily in support of the A380.
The increase was partially offset by lower defense sales volume of approximately $11 million, primarily in the actuation system
business.
Operating Income:
Airframe Systems segment operating income of $30.8 million for the quarter ended September 30, 2006 increased $14.7 million, or
91.3 percent, from $16.1 million for the quarter ended September 30, 2005. This increase in operating income was a result of the
following:
Lower costs of approximately $25 million, primarily lower research and development costs in our actuation systems business,
lower warranty costs in our landing gear and wheel and brakes businesses, lower costs related to product upgrades in our
wheel and brakes business, and savings from the workforce reduction in our landing gear business; and
Lower restructuring expenses of approximately $3 million, primarily in our actuation systems business.
Partially offsetting these factors was increased costs of approximately $17 million, which includes raw material price inflation,
primarily in the landing gear business, unfavorable foreign exchange translation, primarily in the actuation systems and landing gear
businesses, and costs related to the implementation of an ERP system.
10
11. Third Quarter 2006
Year-over-Year Segment Results
Electronic Systems Segment
3rd Quarter 3rd Quarter Change
2006 2005
Dollars in Millions $ %
Sales $372 $328 $44 13.5%
Segment OI $50 $37 $13 35.5%
% Sales 13.5% 11.3% N/A +2.2%
Included above:
Restructuring and -- -- N/A N/A
Consolidation Charges
Sales
Electronic Systems segment sales of $372.4 million in the quarter ended September 30, 2006 increased $44.4 million, or 13.5 percent,
from $328 million in the quarter ended September 30, 2005. The increase was primarily due to:
Higher defense and space sales volume of approximately $21 million, primarily in our optical and space systems, fuel and
utility systems, and power systems businesses, partially offset by a decline in sales volume in our lighting systems business;
Higher large commercial OE and aftermarket sales volume of approximately $13 million in all of our businesses; and
Higher regional, business and general aviation airplane original equipment and aftermarket sales volume of approximately $8,
million, primarily in our aircraft interior products, sensor systems and lighting systems businesses, partially offset by a decline
in sales volume in our power systems business.
Operating Income:
Electronic Systems segment operating income of $50.4 million in the quarter ended September 30, 2006 increased $13.2 million, or
35.5 percent, from $37.1 million in the quarter ended September 30, 2005. Segment operating income was higher due to:
Higher sales volume as described above generating operating income of approximately $16 million, which includes operating
income from SUI (formerly Sensors Unlimited), which was acquired during the quarter ended December 31, 2005; and
Lower research and development costs of $5 million, primarily in the power systems and aircraft interior products systems
businesses.
Partially offsetting these factors was increased operating costs of approximately $7 million, primarily in our aircraft interior products,
sensor systems, and fuel and utility systems businesses, unfavorable foreign exchange translation, primarily in the lighting systems
and power systems businesses, and costs related to the implementation of an ERP system.
11
12. Summary Cash Flow Information
Item 3rd Quarter 3rd Quarter
(Dollars in Millions) 2006 2005
Net income $102 $61
Cash outflow for restructuring and consolidation
($1) ($4)
charges
Depreciation and Amortization $59 $58
Working Capital* – (increase)/decrease – defined
($95) ($89)
as the sum of A/R, Inventory and A/P
Deferred income taxes and taxes payable ($88) $9
Accrued expenses, other ($21) $53
Cash Flow from Operations ($44) $88
Pension Contributions - worldwide $86 $33
Capital Expenditures ($59) ($37)
* 3rd quarter 2006 Includes ($48) million increase in Preproduction and Excess over Average Inventory
12
17. First Nine Months 2006 Sales by Market Channel
Total Sales $4,343M
Total Commercial OE
Other
Total Defense and
5%
33%
Space
Boeing
25% Commercial OE
9%
Airbus
Defense &
Commercial OE
Space, OE &
17%
Aftermarket
OE
25%
AM Regional,
Business & Gen.
Av. OE
7%
Large Commercial Aircraft
Aftermarket
27%
Heavy A/C
Maint.
3%
Regional, Business & Total Commercial Aftermarket
General Aviation Aftermarket
37%
7%
Balanced business mix
17
18. Engine Systems Segment
Sales Mix
Sales by Market Channel
High,
Q3 YTD 2006 Actual
sustainable
margins
Boeing
Commercial OE
Other
8%
7%
Highest
Defense &
Airbus OE
Space, OE &
Aftermarket
content
13%
Airbus
Commercial OE
Highest,
26%
Regional,
Business &
fastest
General
growth
Aviation
Aftermarket
aftermarket
6%
proportion
Regional, Business
and General
Growth in
Aviation OE
Regional OE
6%
Large Commercial
Aircraft Aftermarket
34%
18
19. Airframe Systems
Good Balance
Sales by Market Channel
3Q YTD 2006
Airbus and
Boeing
Other Boeing
3% Commercial OE
Commercial &
14%
Defense &
Military
Space, OE &
Aftermarket
High aftermarket
Airbus
24% Commercial OE
content
12%
Significant
margin
Regional,
Heavy A/C Business & Gen.
expansion
Maint. Av. OE
8% 6%
opportunity
Regional, Business &
General Aviation
Large Commercial Aircraft
Aftermarket
Aftermarket
7%
26%
19
20. Electronic Systems Segment
Sales by Market Channel Almost 50% Defense &
Space sales
3Q YTD 2006
Boeing Airbus
Products generally lower
Commercial OE Commercial OE
Other 4% 6%
sales price/unit, but
7%
many units
Regional, Business
Numerous
and General
competitions and
Aviation OE
11%
resulting “small” wins
R&D costs higher as
Large Commercial
percentage of sales,
Aircraft Aftermarket
but no “big” bets
17%
Defense &
Speed to market,
Space, OE &
entrepreneurial
Aftermarket Regional,
47%
approach key to wins;
Business and
General Aviation
speed often more
Aftermarket
important than price
8%
20
21. Sales by Market Channel
Third Quarter 2006 Change Analysis
Actual Goodrich Change Comparisons
Primary Market
Market Channel First 9 Months
Drivers
3Q 2006 vs. 3Q 2006 vs. 2006 vs. First
3Q 2005 2Q 2006 Nine Months
2005
Boeing and Airbus –
Aircraft Deliveries 4% (13%) 16%
OE Production
Regional, Business &
Aircraft Deliveries 18% (3%) 22%
General Aviation - OE
Aftermarket – Large
ASMs, Age, Cycles,
Commercial and
10% (2%) 15%
Fleet size
Regional, Business and
GA
Defense and Space – US, UK Defense
(3%) 3% (4%)
OE and Aftermarket Budgets
Heavy Airframe Aircraft aging,
(10%) (1%) (21%)
Maintenance Parked Fleet
Other IGT, Other 8% 7% 6%
Goodrich Total Sales 5% (3%) 9%
21
23. 2006 Outlook
2006 outlook
Sales outlook adjusted to $5.80 - $5.85 billion
Net income per diluted share outlook increased to $3.65 -
$3.70
• Includes $1.15 associated with tax settlements
• Current outlook continues to include improved
operational performance expectations
Continue to expect net cash flow provided by operating
activities, minus capital expenditures, to be approximately
break-even
• Includes ($130) million of expected second half 2006
tax payments associated with tax settlements and
litigation
• Includes ($97) million to unwind accounts receivable
securitization program
23
24. 2006 Sales Expectations
By Market Channel
Goodrich 2006 2006
Goodrich
2005 Market Market Market expectations - 2007 and beyond
Growth
Growth
Sales Mix
8% Boeing OE Del. 36% ~15% Strong growth in 737, 777, A320;
16% Airbus OE Del. 10% (Due to A380, 787 and A350 introductions support
delivery deliveries past normal peak
24% Total (GR Weight) 19%
lead times)
6% Regional/Bus/GA 0-5% >10% CF34-10 Engine Nacelles and tail cone on
OE (Weighted) EMBRAER 190 support continued growth
through the cycle
32% Aftermarket ~5% >10% Airbus AM growing faster due to fleet aging,
(Commercial/ excellent product positions plus outsourcing
Regional/Bus/GA) trend support higher than market growth rate
28% Defense and Space Approx. Flat to OE - Positions on funded platforms worldwide,
OE and Aftermarket Flat slightly new products provide stable growth
down Aftermarket - Platform utilization, upgrade
opportunities support long-term growth
4% Heavy Down Sales fluctuate based on A/C age, timing and
Maintenance type of overhaul
>10%
6% Other ~5%
100% Total ~7% 7 - 8%
24
25. 2006 Outlook Reconciliation
Prior Outlook Current Outlook
As of 7/27/06 As of 10/26/06 Comments
Sales $5.75-5.85B $5.8-5.85B
EPS
- Excl. Tax $2.35-2.50 $2.50-2.55 Continued strong
aftermarket, regional OE
Rohr litigation, Rohr 1995-
- 1Q06 Tax settlements $1.05 $1.04
97 audit
Goodrich 1998 - 1999
- 3Q06 Tax settlement $0.11
examination periods
Net Income $3.40-3.55 $3.65-3.70
Net cash flow from Approx. break- Approx. break- Includes expected 2nd half
operating activities minus even even 2006 tax payments of
capital expenditures approx. $130 million,
unwinding of A/R
securitization program
($97M), U.S. pension plan
contribution of $75 million
Capital Expenditures $240-260M $240-260M No change
25
27. 2007 Outlook
2007 Outlook
Sales – outlook of $6.1 - $6.3 billion
• 6 - 7 percent increase over 2006 expectations
• Expected sales growth in all segments
• Expected sales growth in all major market channels
Net income per diluted share – outlook of $2.90 -
$3.10, including:
• Margin improvement in Airframe Systems and Electronic
Systems segments; sustained high margin performance
in Engine Systems segment
• Effective tax rate of 33 – 34 percent
• Assumes successful completion of negotiations on new
long-term agreement to supply landing gear to Boeing
• Assumes lower pension plan expense in 2007, compared
to 2006
• Increased foreign exchange translation costs of about
$17 million compared to 2006, virtually all in first half of
2007
27
28. 2007 Outlook
2007 Outlook
Cash flow – net cash flow provided by operating
activities, minus capital expenditures, expected
to be about 50 percent of net income
• Capital expenditures of $270 - $290 million
– Approximately 40% expected to be associated with:
» Investments in low cost country manufacturing,
» Previously announced MRO facility expansions and
new facilities to support aftermarket sales growth
» Capital expenditures related to the company-wide
implementation of a new ERP system
• Preproduction and excess over average inventory
– Expected to grow about $100 million
– Investments in new programs – primarily Boeing 787
and Airbus A350 XWB
• Worldwide pension plan contributions of approximately
$100 million
28
29. 2007 Sales Expectations
By Market Channel
First 9 2007 2007
months Market Goodrich
Market Market expectations - 2008 and beyond
2006 Growth Growth
Sales Mix
9% Boeing OE Del. 12% About the Growth continues for 737, 777, A320;
same as OE
17% Airbus OE Del. 4% A380, 787 and A350 introductions support
delivery deliveries past normal peak
26% Total (GR Weight) 7%
increases
7% Regional/Bus/GA ~5% Higher than CF34-10 Engine Nacelles and tail cone on
OE (Weighted) OE delivery EMBRAER 190 support continued growth
rate through the cycle
34% Aftermarket 4 - 5% Higher than Airbus AM growing faster due to fleet aging,
(Commercial/ market- excellent product positions plus outsourcing
Regional/Bus/GA) based trend support higher than market growth rate
growth rate
25% Defense and Space ~5% 3 – 5% OE - Positions on funded platforms worldwide,
OE and new products provide stable growth
Aftermarket Aftermarket - Platform utilization, upgrade
opportunities support long-term growth
3% Heavy Approx. Flat Sales fluctuate based on A/C age, timing and
Maintenance type of overhaul
5% Other Approx. Flat
100% Total 5 – 6% 6 - 7%
29
30. 2007 Outlook Summary
Continued robust growth in major commercial
aerospace original equipment and aftermarket
channels
Expect segment OI margins to expand to 13 – 14%
in 2007
Operational excellence and aftermarket growth
On track to achieve 15% segment OI margin by
2009
Expect growth in EPS from continuing operations to
be greater than sales growth
Sales growth, margin expansion and EPS growth solidly on track with
expectations
30
31. Earnings Outlooks
2006 and 2007 Outlooks do not include
Impact of acquisitions or divestitures
Resolution of A380 claim to Northrop
Grumman
31
33. Goodrich
Strategic Imperatives
Top Quartile
Aerospace Returns
Conclusion
Leverage the Operational
Balanced Growth
Enterprise Excellence
Use portfolio mass and Manage investments at the Push aggressive Supply
breadth to capture market portfolio level Chain Management and
share Continuous Improvement
Provide Enterprise Shared
Win new program positions Services Drive breakthrough change
in product and development
Pursue Defense Markets and Leverage SBU capabilities
costs using LPD and DFSS
Government funding into integrated, higher level
opportunities systems Improve Enterprise
manufacturing and
Aftermarket products and Simplify customer interfaces
engineering efficiencies
services expansion – act as “One Company”
Focus on execution
33
34. 2006 Strategic Progress
Top Quartile
Aerospace Returns
Balanced Leverage the Operational
Growth Enterprise Excellence
Conclusion
Excellent positions on Customer Service Directors On-time delivery and quality
787 and A350 aircraft at key airlines enhances One improvement better than plan
Face to the Customer
SUI acquisition enhances Cost reduction initiatives
ISR capabilities Talent Management process ahead of plan
gaining traction Supply Chain savings
Aftermarket sales growth Broad enrollment in
faster than peers and India design center consumer directed health
industry established care plan
40% of employees
selected Savings Plus
Our three-part Strategy is working retirement plan
34
35. The Value Proposition for Goodrich
2006 – 2010 Expectations
Great market positions
Good top line growth
Expect commercial aftermarket growth greater than market
growth (ASM’s)
Delivering on substantial margin improvement
opportunity
Expect margin improvement of 150 – 200 basis points in
2006
Expect to achieve 15% segment operating income margin
by 2009
Cash flow invested in businesses or returned to
shareholders
Sustainable income growth beyond the OE cycle
Entire organization focused on margin expansion – with a
sense of urgency
35
36. Sustainable Growth
Beyond the Peak of the Cycle
Commercial Aftermarket
Significantly larger fleet should fuel aftermarket strength
Excellent balance between Boeing and Airbus
Airbus and regional jet fleet is getting older, more mature
– increased aftermarket support (especially A320)
Greater content on newer, more efficient aircraft will
provide long term aftermarket growth
More long-term agreements ensuring share retention
More opportunity for airline outsourcing
MRO growth
• Enhanced global reach
• Expanding market share
• Greater infrastructure/capacity
Aging of key OE platforms with significant GR content
36
37. Sustainable Growth
Beyond the Peak of the Cycle
Key Question – How can Goodrich sustain aftermarket
growth higher than capacity growth in the airline system?
Answer – Nacelle and thrust reverser positions on popular,
aging aircraft
Flight critical products containing high-wear moving parts
which operate in extreme temperature and corrosive conditions
Nacelle Cost over 25-Year Life
S s in gL w r
an ed
gg e d
u ta in o e
Wrra ty P rio
A in P rio
ot
Cs
ir r ft
$/ A c a
e lin g o t
D c in C s
ig o t
ig o t
H hC s
H hC s
* 3,000 ho urs / year
* Overhaul Cycle ~ 25,000 ho urs
* 8-Year typical o verhaul / heavy visit cycle
Goodrich nacelle aftermarket opportunity peaks with nacelles ages 5 – 19 years
37
38. Expected A320 Aftermarket Impact
As of 2006:
Less than 30% of the fleet has gone through its
first overhaul cycle at 7 years
Robust and increasing production (rate 32 to 34)
Within the next 10 years
A320 fleet grows from 2,750 to 5,550 aircraft
Aftermarket growth related to the A320 is expected to significantly
outpace ASM growth
38
39. Nacelle and Thrust Reversers
Expected Aftermarket Revenue Growth
Parts and Components MRO
Sales in Millions
05
06
07
08
09
10
11
12
13
14
15
20
20
20
20
20
20
20
20
20
20
20
Solid and Sustainable Top Line Sales Growth
39