The document is Honeywell's earnings release for the first quarter of 2008. It reports strong financial results including 11% sales growth and 16% increase in segment profit. All of Honeywell's business segments experienced growth in the quarter. The release also updates guidance for full-year 2008, moving to the high end of the previous EPS range.
- Honeywell reported strong financial results for 2Q 2008, with sales growth of 13% and EPS growth of 23%. Segment profit was up 13% and net income grew 18%.
- All business segments achieved sales growth, with aerospace, automation and control solutions, and specialty materials experiencing particularly strong growth.
- Honeywell is raising full-year 2008 EPS guidance to a new range of $3.75 to $3.85, excluding an expected gain from the divestiture of its consumables solutions business.
The document is a company's earnings release for the first quarter of 2007. It reports strong financial performance including 11% sales growth and 27% earnings per share growth. All business segments grew sales and profits compared to the prior year. The company is raising its full year 2007 guidance and expects continued sales and profit growth over 2006.
Emerson reported strong financial results for 4Q 2008, with sales up 11% to $6.7B and EPS up 13% to $0.88. Operating profit margin improved 70 bps to 17.5% due to cost containment programs. Cash flow from operations was $1.3B. For fiscal year 2008, underlying sales grew 7% with emerging markets representing 30% of sales. Process Management sales increased 13% with strong growth globally. Industrial Automation sales rose 14% on strength across power generation and materials joining. Network Power sales increased 19% through acquisitions and growth in power systems. Climate Technologies sales grew 8% led by growth in Europe.
- Honeywell reported strong financial results for 3Q 2007, with 10% sales growth, 13% increase in segment profit, and 23% growth in EPS.
- All business segments experienced sales growth, led by Aerospace and Automation & Control Solutions. Segment profit increased across most segments.
- For full year 2007, Honeywell expects 9% sales growth, 13% growth in segment profit, and EPS between $3.14-$3.16, representing 25% growth. Free cash flow is expected to increase 20% to around $3 billion.
- Dover Corporation reported record first quarter revenue, earnings, and bookings. Revenue increased 18% year-over-year to $1.8 billion and earnings per share grew 5% to $0.67.
- Segment margins declined 210 basis points to 13.0% due to weaker performance in Automation & Test end-markets and higher costs. However, organic growth was 3.8% and acquisition growth was 12.0%.
- Free cash flow decreased 82% to $16.7 million due to higher compensation and benefits payments, taxes, and capital expenditures. The company expects full-year free cash flow to be 8-10% of revenue.
Honeywell provided its 2009 outlook, with consolidated sales expected to be $33.6-$35.3 billion, down (8%)-(4%) from 2008. Segment profit is expected to be $4.4-$4.8 billion, down (8%)-(0%) from 2008. EPS is forecast at $3.20-$3.55, down (15%)-(6%) from 2008. Key assumptions include developed markets GDP declining (2%)-(1%) and emerging markets growing 7-8%. Productivity actions aim to generate $0.8 billion in savings through initiatives like functional transformation and the Honeywell Operating System.
Monsanto reported strong financial results for the fourth quarter and full fiscal year 2008. Net sales increased 35% in the fourth quarter and 36% for the full fiscal year. Diluted EPS on an ongoing basis improved 83% in the fourth quarter and 84% for the full fiscal year. Seeds and traits segments all saw gross profit increases. Over 70% of $2.8 billion in operating cash was used for acquisitions, technology collaborations, and capital investments to support growth. Monsanto expects another year of double-digit earnings growth in 2009, driven by continued strength in seeds and traits.
In this 2nd quarter 2008 investor call, the following key points were made:
1) The company reported strong growth in value added services such as digital cable and broadband internet. Digital cable additions reached a record of 336,000.
2) Financial results for the first half of the year were stable with rebased revenue growth of 6% and rebased operating cash flow growth of 14%. Operating cash flow margin improved.
3) Subscriber growth trends were positive with voice, data, and video additions in line with or exceeding prior year comparisons. Digital cable penetration continued increasing across markets.
4) International operations reported rebased revenue and operating cash flow growth rates between 5-29% for the first
- Honeywell reported strong financial results for 2Q 2008, with sales growth of 13% and EPS growth of 23%. Segment profit was up 13% and net income grew 18%.
- All business segments achieved sales growth, with aerospace, automation and control solutions, and specialty materials experiencing particularly strong growth.
- Honeywell is raising full-year 2008 EPS guidance to a new range of $3.75 to $3.85, excluding an expected gain from the divestiture of its consumables solutions business.
The document is a company's earnings release for the first quarter of 2007. It reports strong financial performance including 11% sales growth and 27% earnings per share growth. All business segments grew sales and profits compared to the prior year. The company is raising its full year 2007 guidance and expects continued sales and profit growth over 2006.
Emerson reported strong financial results for 4Q 2008, with sales up 11% to $6.7B and EPS up 13% to $0.88. Operating profit margin improved 70 bps to 17.5% due to cost containment programs. Cash flow from operations was $1.3B. For fiscal year 2008, underlying sales grew 7% with emerging markets representing 30% of sales. Process Management sales increased 13% with strong growth globally. Industrial Automation sales rose 14% on strength across power generation and materials joining. Network Power sales increased 19% through acquisitions and growth in power systems. Climate Technologies sales grew 8% led by growth in Europe.
- Honeywell reported strong financial results for 3Q 2007, with 10% sales growth, 13% increase in segment profit, and 23% growth in EPS.
- All business segments experienced sales growth, led by Aerospace and Automation & Control Solutions. Segment profit increased across most segments.
- For full year 2007, Honeywell expects 9% sales growth, 13% growth in segment profit, and EPS between $3.14-$3.16, representing 25% growth. Free cash flow is expected to increase 20% to around $3 billion.
- Dover Corporation reported record first quarter revenue, earnings, and bookings. Revenue increased 18% year-over-year to $1.8 billion and earnings per share grew 5% to $0.67.
- Segment margins declined 210 basis points to 13.0% due to weaker performance in Automation & Test end-markets and higher costs. However, organic growth was 3.8% and acquisition growth was 12.0%.
- Free cash flow decreased 82% to $16.7 million due to higher compensation and benefits payments, taxes, and capital expenditures. The company expects full-year free cash flow to be 8-10% of revenue.
Honeywell provided its 2009 outlook, with consolidated sales expected to be $33.6-$35.3 billion, down (8%)-(4%) from 2008. Segment profit is expected to be $4.4-$4.8 billion, down (8%)-(0%) from 2008. EPS is forecast at $3.20-$3.55, down (15%)-(6%) from 2008. Key assumptions include developed markets GDP declining (2%)-(1%) and emerging markets growing 7-8%. Productivity actions aim to generate $0.8 billion in savings through initiatives like functional transformation and the Honeywell Operating System.
Monsanto reported strong financial results for the fourth quarter and full fiscal year 2008. Net sales increased 35% in the fourth quarter and 36% for the full fiscal year. Diluted EPS on an ongoing basis improved 83% in the fourth quarter and 84% for the full fiscal year. Seeds and traits segments all saw gross profit increases. Over 70% of $2.8 billion in operating cash was used for acquisitions, technology collaborations, and capital investments to support growth. Monsanto expects another year of double-digit earnings growth in 2009, driven by continued strength in seeds and traits.
In this 2nd quarter 2008 investor call, the following key points were made:
1) The company reported strong growth in value added services such as digital cable and broadband internet. Digital cable additions reached a record of 336,000.
2) Financial results for the first half of the year were stable with rebased revenue growth of 6% and rebased operating cash flow growth of 14%. Operating cash flow margin improved.
3) Subscriber growth trends were positive with voice, data, and video additions in line with or exceeding prior year comparisons. Digital cable penetration continued increasing across markets.
4) International operations reported rebased revenue and operating cash flow growth rates between 5-29% for the first
GE reported preliminary unaudited results for the third quarter of 2008. Revenue grew 11% year-over-year to $47.2 billion, though earnings declined due to challenges in the financial services business. Earnings from continuing operations were $4.5 billion compared to $5.1 billion in the prior year. Industrial sales increased 17% driven by growth in the energy and infrastructure segments. Orders grew 9% excluding the C&I segment. GE took actions to strengthen its financial position such as reducing leverage and improving liquidity. The results were in line with GE's previous revised guidance for the quarter.
1) GE reported mixed results for the first quarter of 2008, missing guidance due to weakness in its Financial Services segment from difficult market conditions.
2) Industrial operations performed solidly, with global growth of 22% offsetting weakness in the US. Infrastructure remained strong across energy, aviation, oil and gas, and transportation.
3) Financial Services earnings were down around 20% due to losses in Commercial Finance and GE Money from the challenging credit environment and housing/consumer slowdown.
GE reported preliminary second quarter 2008 results. Key highlights included solid overall performance despite difficult market conditions, with total revenues up 11% driven by 24% growth in emerging markets. Industrial segment profits rose 7% overall. GE reaffirmed its guidance for 2008 EPS of $2.20-$2.30 and continued executing its strategy through cost reductions, portfolio changes, and global growth, particularly in emerging markets.
The document is Honeywell's 3Q 2006 earnings release. Key details include:
- Sales grew 15% to $7.952B in 3Q 2006 compared to 3Q 2005, with 9% organic growth.
- Segment profit increased 19% and EPS grew 22% year-over-year.
- All business segments experienced sales and segment profit growth.
- Honeywell raised the high end of its full-year 2006 EPS guidance range to $2.51-2.53 per share.
- Yahoo reported Q1 2009 revenue ex-TAC of $1.156 billion, down 14% year-over-year and 16% quarter-over-quarter. Operating cash flow was $409 million, down 4% year-over-year.
- U.S. revenue ex-TAC was $897.8 million, down 13% year-over-year, while international revenue ex-TAC was $258.5 million, down 20% year-over-year.
- Non-GAAP net income per share was $0.15 compared to $0.18 in Q1 2008.
1. Ideiasnet reported a 115.6% increase in proportional combined gross revenue for 1Q08 compared to 1Q07, reaching R$241.5 million, however proportional combined EBITDA fell 55.5% to R$1.9 million.
2. Some key clients of Padtec requested postponing equipment deliveries, delaying revenue and affecting EBITDA. The PC sector also saw declines due to various factors including an IRS strike.
3. In January, Ideiasnet increased its stake in Automatos from 18.9% to 34.6% anticipating the merger of Automatos and other companies to form Virtus, proving synergy among portfolio companies.
- Tempo Assist saw growth in its health, dental, and assistance segments in 2009 through acquisitions and new partnerships.
- Key events included implementing SAP, rebranding as Tempo Assist, and receiving approval for its Unibanco Saúde acquisition.
- The segments achieved increased revenues and beneficiaries. Dental and health saw particularly strong growth while maintaining stable costs.
DuPont reported financial results for 4Q 2008 and full year 2008. Net sales decreased 17% in 4Q due to a 20% decline in volume, though pricing increased 7%. For the full year, net sales rose 4% while volume declined 5% and pricing increased 7%. Earnings per share were negative $0.70 in 4Q and $2.20 for the full year. All business segments experienced sales declines in 4Q, with Performance Materials down 30% and Coatings & Color Technologies down 21%. DuPont expects continued challenges in 2009 from weak global economic conditions and has initiatives to reduce costs, capital spending, and working capital to enhance earnings and cash flow.
This presentation provides an overview and summary of Johnson & Johnson's 2008 business performance and outlook for 2009. Key points include:
- J&J delivered strong financial results in 2008, meeting guidance targets for sales growth and adjusted earnings per share.
- The company's three business segments - pharmaceuticals, medical devices & diagnostics, and consumer - all experienced sales growth in 2008.
- J&J is advancing its pharmaceutical, medical device, and consumer product pipelines with numerous new product filings planned for 2009-2010.
- While macroeconomic uncertainties may impact 2009 performance, J&J is well positioned due to its diversified business portfolio and continued investment in R&D and new product development.
1) The document is the transcript from Cummins Inc.'s second quarter 2007 earnings teleconference held on July 26, 2007.
2) It includes comments from Cummins executives on the company's financial results and outlook, as well as segment results and strategies.
3) Key highlights included double-digit revenue growth, strong international demand offsetting declines in the US, and investments to capitalize on profitable growth opportunities around the world.
The document provides an overview of a global supplier of emission and ride control systems, including financial performance, strategic initiatives to drive growth, new product pipelines, opportunities in emerging markets, and efforts to reduce costs through restructuring and lean manufacturing. It outlines the company's plan to achieve double-digit revenue growth through capturing demand for new emissions technologies, expanding in Asia and with growing automakers. The company also aims to enhance profitability by introducing new aftermarket products and optimizing its global manufacturing footprint.
1) Amazon reported Q3 2011 financial results with net sales up 44% year-over-year to $10.9 billion.
2) However, operating income decreased significantly, down 71% to $79 million compared to the same period last year.
3) Free cash flow also declined 17% year-over-year to $1.5 billion, as the company continues investing heavily in new business opportunities.
Blas Infante fue un ilustre personaje andaluz nacido en Casares, Málaga, cerca de la Serranía de Ronda y el Mar Mediterráneo. Escribió el himno de Andalucía basado en un canto popular campesino y diseñó la bandera andaluza usando la tela que trajo de un viaje a Marruecos. Luchó por la igualdad y el reconocimiento de los derechos de Andalucía desde su casa en Casares, donde permaneció el escudo de Andalucía que él aprobó.
The document is a notice for the annual meeting of shareholders of Prudential Financial, Inc. to be held on May 8, 2007 at 2:00 pm at Prudential Financial's Corporate Headquarters in Newark, NJ. Shareholders will vote on two items of business - the election of 12 directors and the ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm. Shareholders of record as of March 9, 2007 are entitled to vote. Instructions are provided for shareholders on how to vote, including by proxy, internet, telephone, or in person with proof of ownership and identification.
johnson controls FY2006 3rd Quarter Form 10-Q finance8
This document is a Form 10-Q quarterly report filed by Johnson Controls, Inc. with the SEC for the quarter ended June 30, 2006. The summary provides:
- Johnson Controls reported net income of $338 million on revenues of $8.39 billion for the quarter.
- Their balance sheet as of June 30, 2006 showed total assets of $22.06 billion including $5.69 billion in accounts receivable and $1.74 billion in inventory. Total liabilities were $15.15 billion including $4.32 billion in accounts payable.
- The report provides segment financial results and discusses factors affecting the company's performance and risks to their business.
A 12-year-old girl named Jennifer provides details about herself. She lives in Spain but is originally from Ecuador. She has dark skin, brown eyes, and curly brown hair. Her hobbies include listening to music and playing basketball. Her favorite subjects in school are art and PE. She likes several actors, singers, and musical groups. Her favorite color is purple.
This document contains the results of quizzes taken on lessons about Windows Vista. For a lesson 1 quiz on computer hardware and basic concepts, the user scored 100% correctly answering questions on the keyboard, mouse, monitor, hard disk, using a mouse, and keyboard shortcuts. For a lesson 2 quiz, the user also scored 100% correctly answering questions about when changes in dialog boxes take effect, moving dialog boxes, screen resolution, and the Start menu.
The document provides feedback on the questions answered incorrectly to help the user learn, and encourages reviewing the lessons and re-taking the quizzes to improve understanding of the material.
Prudential Financial reported financial results for the second quarter of 2006. Some key highlights included:
- Pre-tax adjusted operating income for the Financial Services Businesses was $958 million, up 12% from the same period in 2005.
- Net income for the Financial Services Businesses was $424 million.
- Assets under management and administration totaled $670 billion, up 11% from the second quarter of 2005.
- Individual annuities sales increased to $2.1 billion for the quarter.
The document is Prudential Financial's quarterly financial supplement for the first quarter of 2002. It provides financial highlights and key metrics for Prudential and its business divisions. Some notable numbers from the first quarter include:
- Total revenues for Financial Services Businesses of $5.056 billion, up 15% from 2001.
- Pre-tax adjusted operating income for Financial Services Businesses of $523 million, up 11% from 2001.
- Net income for Financial Services Businesses of $263 million, down 35% from 2001 primarily due to realized investment losses.
- Assets under management and administration totaled $580 billion as of the end of the first quarter, down 2% from
GE reported preliminary unaudited results for the third quarter of 2008. Revenue grew 11% year-over-year to $47.2 billion, though earnings declined due to challenges in the financial services business. Earnings from continuing operations were $4.5 billion compared to $5.1 billion in the prior year. Industrial sales increased 17% driven by growth in the energy and infrastructure segments. Orders grew 9% excluding the C&I segment. GE took actions to strengthen its financial position such as reducing leverage and improving liquidity. The results were in line with GE's previous revised guidance for the quarter.
1) GE reported mixed results for the first quarter of 2008, missing guidance due to weakness in its Financial Services segment from difficult market conditions.
2) Industrial operations performed solidly, with global growth of 22% offsetting weakness in the US. Infrastructure remained strong across energy, aviation, oil and gas, and transportation.
3) Financial Services earnings were down around 20% due to losses in Commercial Finance and GE Money from the challenging credit environment and housing/consumer slowdown.
GE reported preliminary second quarter 2008 results. Key highlights included solid overall performance despite difficult market conditions, with total revenues up 11% driven by 24% growth in emerging markets. Industrial segment profits rose 7% overall. GE reaffirmed its guidance for 2008 EPS of $2.20-$2.30 and continued executing its strategy through cost reductions, portfolio changes, and global growth, particularly in emerging markets.
The document is Honeywell's 3Q 2006 earnings release. Key details include:
- Sales grew 15% to $7.952B in 3Q 2006 compared to 3Q 2005, with 9% organic growth.
- Segment profit increased 19% and EPS grew 22% year-over-year.
- All business segments experienced sales and segment profit growth.
- Honeywell raised the high end of its full-year 2006 EPS guidance range to $2.51-2.53 per share.
- Yahoo reported Q1 2009 revenue ex-TAC of $1.156 billion, down 14% year-over-year and 16% quarter-over-quarter. Operating cash flow was $409 million, down 4% year-over-year.
- U.S. revenue ex-TAC was $897.8 million, down 13% year-over-year, while international revenue ex-TAC was $258.5 million, down 20% year-over-year.
- Non-GAAP net income per share was $0.15 compared to $0.18 in Q1 2008.
1. Ideiasnet reported a 115.6% increase in proportional combined gross revenue for 1Q08 compared to 1Q07, reaching R$241.5 million, however proportional combined EBITDA fell 55.5% to R$1.9 million.
2. Some key clients of Padtec requested postponing equipment deliveries, delaying revenue and affecting EBITDA. The PC sector also saw declines due to various factors including an IRS strike.
3. In January, Ideiasnet increased its stake in Automatos from 18.9% to 34.6% anticipating the merger of Automatos and other companies to form Virtus, proving synergy among portfolio companies.
- Tempo Assist saw growth in its health, dental, and assistance segments in 2009 through acquisitions and new partnerships.
- Key events included implementing SAP, rebranding as Tempo Assist, and receiving approval for its Unibanco Saúde acquisition.
- The segments achieved increased revenues and beneficiaries. Dental and health saw particularly strong growth while maintaining stable costs.
DuPont reported financial results for 4Q 2008 and full year 2008. Net sales decreased 17% in 4Q due to a 20% decline in volume, though pricing increased 7%. For the full year, net sales rose 4% while volume declined 5% and pricing increased 7%. Earnings per share were negative $0.70 in 4Q and $2.20 for the full year. All business segments experienced sales declines in 4Q, with Performance Materials down 30% and Coatings & Color Technologies down 21%. DuPont expects continued challenges in 2009 from weak global economic conditions and has initiatives to reduce costs, capital spending, and working capital to enhance earnings and cash flow.
This presentation provides an overview and summary of Johnson & Johnson's 2008 business performance and outlook for 2009. Key points include:
- J&J delivered strong financial results in 2008, meeting guidance targets for sales growth and adjusted earnings per share.
- The company's three business segments - pharmaceuticals, medical devices & diagnostics, and consumer - all experienced sales growth in 2008.
- J&J is advancing its pharmaceutical, medical device, and consumer product pipelines with numerous new product filings planned for 2009-2010.
- While macroeconomic uncertainties may impact 2009 performance, J&J is well positioned due to its diversified business portfolio and continued investment in R&D and new product development.
1) The document is the transcript from Cummins Inc.'s second quarter 2007 earnings teleconference held on July 26, 2007.
2) It includes comments from Cummins executives on the company's financial results and outlook, as well as segment results and strategies.
3) Key highlights included double-digit revenue growth, strong international demand offsetting declines in the US, and investments to capitalize on profitable growth opportunities around the world.
The document provides an overview of a global supplier of emission and ride control systems, including financial performance, strategic initiatives to drive growth, new product pipelines, opportunities in emerging markets, and efforts to reduce costs through restructuring and lean manufacturing. It outlines the company's plan to achieve double-digit revenue growth through capturing demand for new emissions technologies, expanding in Asia and with growing automakers. The company also aims to enhance profitability by introducing new aftermarket products and optimizing its global manufacturing footprint.
1) Amazon reported Q3 2011 financial results with net sales up 44% year-over-year to $10.9 billion.
2) However, operating income decreased significantly, down 71% to $79 million compared to the same period last year.
3) Free cash flow also declined 17% year-over-year to $1.5 billion, as the company continues investing heavily in new business opportunities.
Blas Infante fue un ilustre personaje andaluz nacido en Casares, Málaga, cerca de la Serranía de Ronda y el Mar Mediterráneo. Escribió el himno de Andalucía basado en un canto popular campesino y diseñó la bandera andaluza usando la tela que trajo de un viaje a Marruecos. Luchó por la igualdad y el reconocimiento de los derechos de Andalucía desde su casa en Casares, donde permaneció el escudo de Andalucía que él aprobó.
The document is a notice for the annual meeting of shareholders of Prudential Financial, Inc. to be held on May 8, 2007 at 2:00 pm at Prudential Financial's Corporate Headquarters in Newark, NJ. Shareholders will vote on two items of business - the election of 12 directors and the ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm. Shareholders of record as of March 9, 2007 are entitled to vote. Instructions are provided for shareholders on how to vote, including by proxy, internet, telephone, or in person with proof of ownership and identification.
johnson controls FY2006 3rd Quarter Form 10-Q finance8
This document is a Form 10-Q quarterly report filed by Johnson Controls, Inc. with the SEC for the quarter ended June 30, 2006. The summary provides:
- Johnson Controls reported net income of $338 million on revenues of $8.39 billion for the quarter.
- Their balance sheet as of June 30, 2006 showed total assets of $22.06 billion including $5.69 billion in accounts receivable and $1.74 billion in inventory. Total liabilities were $15.15 billion including $4.32 billion in accounts payable.
- The report provides segment financial results and discusses factors affecting the company's performance and risks to their business.
A 12-year-old girl named Jennifer provides details about herself. She lives in Spain but is originally from Ecuador. She has dark skin, brown eyes, and curly brown hair. Her hobbies include listening to music and playing basketball. Her favorite subjects in school are art and PE. She likes several actors, singers, and musical groups. Her favorite color is purple.
This document contains the results of quizzes taken on lessons about Windows Vista. For a lesson 1 quiz on computer hardware and basic concepts, the user scored 100% correctly answering questions on the keyboard, mouse, monitor, hard disk, using a mouse, and keyboard shortcuts. For a lesson 2 quiz, the user also scored 100% correctly answering questions about when changes in dialog boxes take effect, moving dialog boxes, screen resolution, and the Start menu.
The document provides feedback on the questions answered incorrectly to help the user learn, and encourages reviewing the lessons and re-taking the quizzes to improve understanding of the material.
Prudential Financial reported financial results for the second quarter of 2006. Some key highlights included:
- Pre-tax adjusted operating income for the Financial Services Businesses was $958 million, up 12% from the same period in 2005.
- Net income for the Financial Services Businesses was $424 million.
- Assets under management and administration totaled $670 billion, up 11% from the second quarter of 2005.
- Individual annuities sales increased to $2.1 billion for the quarter.
The document is Prudential Financial's quarterly financial supplement for the first quarter of 2002. It provides financial highlights and key metrics for Prudential and its business divisions. Some notable numbers from the first quarter include:
- Total revenues for Financial Services Businesses of $5.056 billion, up 15% from 2001.
- Pre-tax adjusted operating income for Financial Services Businesses of $523 million, up 11% from 2001.
- Net income for Financial Services Businesses of $263 million, down 35% from 2001 primarily due to realized investment losses.
- Assets under management and administration totaled $580 billion as of the end of the first quarter, down 2% from
Game Informed Learning - Newcastle Keynote 2008MVMLTS
This document discusses game-informed learning and how game principles and elements can be applied to education. Some key points:
- Games are immersive, narrative-rich environments that provide feedback and allow players to take on roles and learn through replayable experiences. This aligns well with educational goals.
- Game-informed learning takes a playful approach to teaching and uses narratives, but does not require the end product to be an actual game. It focuses on intrinsic motivation rather than extrinsic rewards.
- Virtual patients are proposed as an example of game-informed learning, allowing students to take on patient roles, make choices with consequences, and replay scenarios to reinforce lessons.
- Labyrinth
Prudential Financial filed a quarterly financial supplement for the third quarter of 2008. The supplement provided unaudited financial information on Prudential's financial services businesses, including results of operations and balance sheet data for its insurance, investment management, and international divisions. It also contained key operating metrics and investment portfolio details. The document established context for Prudential's SEC filings and provided additional details on recent performance of its various business segments.
Reliance Field Services is a nationwide network that provides field representatives to facilitate the collection industry. Their main objective is to perform nationwide field services for clients to maximize collection results. They meet customer needs like improving contact and stressing urgency to debtors. Their services include general field calls where representatives convey urgent messages to debtors and leave "doorknockers". They also provide additional services like insurance loss reports, property preservation, and loss mitigation campaigns.
The document provides information about programs and services offered by the Meade County Public Library in February 2012. It lists a variety of adult programs including computer classes, exercise classes like Zumba and yoga, art classes, book clubs, music events, and workshops. It also announces programs for preschoolers, families, tweens, teens, and high school students, including storytimes, crafts, movies, and discussions. Library services mentioned include accessing ebooks and audiobooks online, using the bookmobile, and interlibrary loans.
This document provides quarterly financial information for Prudential Financial, Inc. for the first quarter of 2004, including:
- Financial highlights such as pre-tax operating income of $549 million, net income of $290 million, and earnings per share of $0.57.
- Operations highlights such as total assets under management of $453.6 billion and distribution representatives of over 4,000 agents and advisors.
- Financial statements and supplementary information for the Insurance, Investment, and International Insurance divisions.
обучение активным продажам в кризисе Иосифа ХусенскогоХусенский Иосиф
До кризиса, чаще работали на взаимном доверии, без предоплаты и многие получившие товар в прошлые докризисные месяцы, уже физически, исчезли с рынка, хотя об этом пока не говорят своим кредиторам. Чтобы не спугнуть своих многочисленных должников. Т.е. в такой ситуации никакие знания и опыт менеджеру продаж уже не помогут. Единственное, что большой опыт менеджера может позволить ему не тратить время и силы там, где клиент скрывает, что он «покойник» по факту и направить все силы на перспективных покупателей..
Policies on Board Communications with Shareowners finance7
The document outlines Ingram Micro Inc.'s board communications policy with shareholders. It states that management generally speaks for the company, but directors can communicate directly with outsiders if authorized. It provides the address shareholders can send letters to contact board members individually or as a group. The corporate secretary will forward such communications to the board or specific directors. The board will address concerns through regular procedures and may refer issues to appropriate departments or retain advisors. The procedures for contacting the board will be posted on the company's website and in its annual report.
The document discusses fundraising strategies for startups. It shows the funding amounts raised by ChangeFusion from 2000-2007, peaking at $3.3 million in 2005. It provides tips for fundraising such as creating a good proposal, finding contacts online and at conferences, and persisting through rejection. It emphasizes the importance of only raising the funds needed and knowing what strings or control the investors will want. Alternative funding options discussed include equity, grants, debt, bartering services, partnerships, and emerging areas like social venture capital, social investment banking, and peer-to-peer lending.
Paisaia es un término que se refiere a los paisajes naturales o artificiales de un lugar. Describe las características físicas, biológicas y culturales que dan forma a cómo se ve un área geográfica. Los elementos que componen un paisaje incluyen la topografía, la vegetación, los cuerpos de agua, el clima y los efectos de la actividad humana.
This document provides financial and operational highlights for Prudential Financial, Inc. for the second quarter of 2005:
- Pre-tax adjusted operating income for the Financial Services Businesses was $823 million, a 43% increase from the same period in 2004. Net income was $1.52 billion, an 88% increase.
- Assets under management and administration totaled $601 billion as of June 30, 2005, up 3% from the end of 2004.
- Prudential agent productivity was $42 thousand in the second quarter of 2005, up 14% from the same period in 2004.
- Prudential Financial's Quarterly Financial Supplement provides financial and operating highlights for the fourth quarter of 2005.
- The document includes information on the company's financial performance, capitalization, assets under management, and sales results across its Insurance, Investment Management, and International divisions.
- Specifically, it shows that Prudential's pre-tax adjusted operating income increased 41% year-over-year in 2005, with growth across all divisions, while assets under management and administration reached $624 billion.
johnson controls CanaccordAdams Virtual Roundtable: A Perspective on Energy E...finance8
This document summarizes Johnson Controls' annual analyst day presentation on October 14, 2008 in New York City. Johnson Controls has three main business segments: Building Efficiency, Power Solutions, and Automotive Experience. In 2007, Building Efficiency generated $34.6 billion in sales and $1.3 billion in earnings. The presentation will review Johnson Controls' strategies, market outlook, and guidance for 2009.
This document is a 2Q 2007 earnings release from July 19, 2007. It summarizes the company's strong financial performance in 2Q, including 8% sales growth, 10% segment profit growth, and 24% EPS growth. It also outlines guidance for continued growth in 3Q and full year 2007, with sales expected to increase 8% and EPS expected to grow 20-25%.
The document is a company's earnings report for the first quarter of 2008. It includes:
1) Sales were up 6% compared to the first quarter of 2007, but business segment profit decreased by $15 million due to higher input costs and maintenance outages.
2) The packaging resources and specialty chemicals segments saw sales and profit increases, while consumer solutions and consumer & office products saw profit decreases due to input cost inflation and bad debt charges.
3) Adjusted earnings before interest and taxes (EBIT) decreased 30% to $28 million compared to the prior year quarter, driven by lower adjusted gross margin and segment profit.
The document is a company's earnings report for the first quarter of 2008. It includes:
1) Sales were up 6% from the first quarter of 2007 but business segment profit decreased by $15 million due to higher input costs and maintenance outages.
2) The packaging resources and consumer solutions segments saw sales growth but profits decreased due to input cost inflation and bad debt charges.
3) Specialty chemicals saw a significant increase in sales and profit driven by demand growth across product lines.
- The company reported strong financial performance in 2007 with 10% sales growth and 25% earnings per share growth. Free cash flow conversion was 129%.
- All business segments reported sales growth in the fourth quarter ranging from 9-14% except Transportation Systems which grew 6%.
- For the full year 2007, the company executed $1.2 billion in acquisitions and $4 billion in share repurchases while increasing its dividend by 10%.
- 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.
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.
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.
This document summarizes Emerson's third quarter 2008 earnings conference call. Some key points:
- Sales were up 14% to $6.6 billion with increases in 4 of 5 business segments. Underlying sales growth was 7%, led by strong international growth.
- Operating profit margin improved 30 basis points to 16.6%. Earnings per share from continuing operations were up 15% to $0.82.
- Order growth was between +10-15% in the quarter. The balance sheet remains strong with cash flow to debt at 64%.
- Process Management sales increased 18% to $1.731 billion, with underlying growth of 13%.
This document provides financial results for Honeywell's 4th quarter and full year 2008. Some key highlights include:
- 6% sales growth and 19% EPS growth for the full year 2008, along with 110% free cash flow conversion.
- Segment profit declined 9% in 4Q 2008 due to weakness in Transportation Systems, though other segments like Aerospace and Automation & Control Solutions saw growth.
- Guidance for 2009 anticipates continued challenges from the economic environment, with projected declines in sales, earnings, and cash flow compared to 2008.
This document provides financial results for Honeywell's 4th quarter and full year 2008. Some key highlights include:
- 6% sales growth and 19% EPS growth for the full year 2008, along with 110% free cash flow conversion.
- Segment profit declined 9% in 4Q 2008 due to weakness in Transportation Systems, though other segments like Aerospace and Automation & Control Solutions saw growth.
- Guidance for 2009 anticipates continued challenges from the economic environment, with projected declines in sales, earnings, and cash flow compared to 2008.
This document provides financial results for Honeywell's 4th quarter and full year 2008. Some key highlights include:
- 6% sales growth and 19% EPS growth for the full year 2008, along with 110% free cash flow conversion.
- Segment profit declined 9% in 4Q 2008 due to weakness in Transportation Systems, though other segments like Aerospace and Automation & Control Solutions saw growth.
- 2009 guidance forecasts continued challenges with sales declining 8-4% and EPS declining 15-6% from difficult market conditions.
- The document discusses Quest Diagnostics' strong financial performance in 2008, with 8.1% revenue growth and 14% earnings growth.
- It achieved 0.6% operating margin expansion and $1.1 billion in operating cash flow.
- Quest Diagnostics also saw accomplishments in expanding its medical leadership, enhancing the patient experience, and leveraging its unparalleled assets.
1) The document summarizes Quest Diagnostics' strong financial performance in 2008, with 8.1% revenue growth and 14% earnings growth.
2) It highlights various accomplishments in 2008, including joining lists of most admired companies, expanding medical leadership and test offerings, and growing digital services for patients and physicians.
3) The company provides guidance for continued revenue and earnings growth in 2009, with revenues expected to increase around 3% and EPS growing between 8-15%.
Dover Corporation is a $7 billion global provider of industrial products, fluid management, engineered systems and electronic technologies. In 2008, Dover exceeded 3 of its 5 performance targets and achieved strong free cash flow of $834.6 million. Looking ahead, Dover is focused on cost savings initiatives, restructuring programs, and strategic capital allocation to deliver solid results in a challenging economic environment. Guidance for 2009 anticipates an 11-13% decline in total revenue but maintains a target for free cash flow to remain above 10% of revenue.
Dover Corporation is a $7 billion global provider of industrial products, fluid management, engineered systems, and electronic technologies. In 2008, Dover exceeded 3 of its 5 performance targets and achieved 3% earnings growth and 15.3% operating margins. For 2009, Dover expects revenues to decline 11-13% due to weakness in core markets, while pursuing restructuring efforts and synergies to offset declines and deliver EPS of $2.75-$3.05. Dover will continue strategic capital allocation including acquisitions and share repurchases.
Dover Corporation reported third quarter 2008 results with revenue increasing 5% year-over-year to $2 billion and earnings per share increasing 13% to $1.01. Free cash flow was up 4% to $306 million for the quarter. Segment margins increased slightly to 15.9% while organic growth was 2.8% and acquisition growth was 1.7%. The company completed its $500 million share repurchase program for the quarter, repurchasing $114 million in shares.
Dover Corporation reported third quarter 2008 results with revenue increasing 5% year-over-year to $2 billion and earnings per share increasing 13% to $1.01. Free cash flow was up 4% to $306 million for the quarter. Segment margins increased slightly to 15.9% while organic growth was 2.8% and acquisition growth was 1.7%. The company completed its $500 million share repurchase program for the quarter, repurchasing $114 million in shares. Integration and synergy programs contributed $0.05 per share for the quarter and $0.11 per share year-to-date.
Dover Corporation reported third quarter 2008 results with revenue increasing 5% year-over-year to $2 billion and earnings per share increasing 13% to $1.01. Free cash flow was up 4% to $306 million for the quarter. Segment margins increased slightly to 15.9% while organic growth was 2.8% and acquisition growth was 1.7%. The company completed its $500 million share repurchase program for the quarter, repurchasing $114 million in shares. Integration and synergy programs contributed $0.05 per share for the quarter and $0.11 per share year-to-date.
This document summarizes Arrow Electronics' second quarter 2008 earnings call. Key points include:
- Sales and earnings exceeded expectations for both Global Components and Global Enterprise Computing Solutions segments.
- Asia Pacific components sales grew 32% year-over-year with strong performance in China, Taiwan and other markets.
- Enterprise Computing Solutions achieved industry-leading operating margins and completed a major ERP system migration.
- Overall results were strong despite cautious macroeconomic conditions globally.
Arrow Electronics Second Quarter 2008 Earnings Call Presentationfinance16
This document summarizes Arrow Electronics' second quarter 2008 earnings call. Key points include:
- Sales and earnings exceeded expectations for both Global Components and Global Enterprise Computing Solutions segments.
- Asia Pacific components sales grew 32% year-over-year with strong performance in China, Taiwan and other markets.
- Enterprise Computing Solutions achieved industry-leading operating margins and grew earnings faster than sales.
- Overall results were strong despite cautious macroeconomic conditions globally.
Similar to Honeywell Q1 2008 Earnings Conference Call Presentation (20)
The document summarizes Alcoa's 1st quarter 2008 financial results and outlook. Key highlights include income from continuing operations of $303 million, revenues of $7.4 billion, and segment ATOI increasing 42% excluding packaging. Business conditions included lower aluminum prices, unfavorable currency and energy costs, and continued pressure in automotive. The outlook anticipates production increases and improved efficiencies. Alcoa reviews growth opportunities in aerospace, transportation, and infrastructure and discusses strategic priorities around profitable growth, competitive advantages, and disciplined execution.
- Alcoa reported income from continuing operations of $546 million or $0.66 per share for Q2 2008, an 80% increase over Q1 2008. Revenues increased 3% to $7.6 billion.
- Input costs continued to climb across the industry, with increases in caustic soda, calcined coke, fuel oil, and other materials. However, Alcoa saw double digit profit increases across all operating segments sequentially.
- Cash from operations exceeded $1 billion. The company repurchased $175 million in shares, reaching 10% of shares outstanding under the repurchase program. Global aluminum demand is expected to increase 7.9% in 2008 despite weakness in the US market.
- Alcoa reported net income of $268 million for 3Q 2008, which included $29 million for restructuring. Revenues were $7.2 billion, up from $6.5 billion in 3Q 2007 excluding divested businesses.
- The aluminum industry is facing significant increases in input costs such as caustic soda, calcined coke, ocean freight, and fuel oil. These rising costs have squeezed margins across the industry.
- Compared to 3Q 2007, Alcoa's income from continuing operations excluding special items fell from $340 million to $298 million due to higher costs that were only partially offset by productivity gains and price increases.
The document provides an overview of Alcoa's 4th quarter 2008 financial results and outlook for 1st quarter 2009. Key points include:
- 4Q 2008 loss from continuing operations of $929 million or $1.16 per share due to restructuring and impairment charges of $708 million.
- Revenue declined 18% sequentially to $5.7 billion on lower metal prices and market deterioration.
- Cash from operations was $608 million and cash on hand was $762 million.
- 1Q 2009 outlook includes further price declines and production cuts due to weak market conditions across key end markets.
The document summarizes Alcoa's annual shareholders meeting on May 8, 2008. It lists nominees for the board of directors to serve until 2011 and current directors. It also provides an executive council listing and forward-looking statements. Financial highlights from 2007 include record income and cash from operations. Q1 2008 results showed income from continuing operations of $303M excluding restructuring impacts. It outlines Alcoa's share repurchase program and total shareholder return, which outperformed indexes in 2007 and 2008 to date.
Alcoa endorses The Business Roundtable Principles of Corporate finance8
The document outlines principles of corporate governance established by The Business Roundtable. It discusses the roles and responsibilities of boards of directors, CEOs, management, stockholders, and other parties. The board's primary duties are selecting the CEO and overseeing management. Management runs day-to-day operations and informs the board of business status. Effective governance requires understanding these roles and their relationships with stockholders and other constituencies.
The Alcoa 1996 Annual Report provides the following information:
1) Alcoa's earnings in 1996 totaled $514.9 million with revenues of $13.1 billion and a return on equity of 11.6%. Before special charges, earnings were $637 million for a return on equity of 14.4%.
2) Over the past decade, Alcoa has made safety its top priority and has successfully reduced injury rates at its facilities around the world, demonstrating that continuous improvement is possible.
3) Alcoa has expanded its global operations over the past year through acquisitions and new contracts, and it aims to leverage its resources and technologies worldwide to remain the leader in the aluminum industry.
The document provides cable customer metrics and financial data for 2007 and 2008. It shows that the company gained over 4,000 revenue generating units (RGUs) in 2008 but lost 575 total video customers. Digital video customers and homes passed increased while average monthly revenue per video customer rose to $110.48. Total revenue increased over $2.5 billion from 2007 to 2008 while operating cash flow increased over $1 billion. Capital expenditures focused on growth areas like customer premise equipment and scalable infrastructure to support additional customers and services.
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Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
2. Forward Looking Statements
This report contains “forward-looking statements” within the meaning of Section
21E of the Securities Exchange Act of 1934. All statements, other than
statements of fact, that address activities, events or developments that we or
our management intend, expect, project, believe or anticipate will or may occur
in the future are forward-looking statements. Forward-looking statements are
based on management’s assumptions and assessments in light of past
experience and trends, current conditions, expected future developments and
other relevant factors. They are not guarantees of future performance, and
actual results, developments and business decisions may differ from those
envisaged by our forward-looking statements. Our forward-looking statements
are also subject to risks and uncertainties, which can affect our performance in
both the near- and long-term. We identify the principal risks and uncertainties
that affect our performance in our Form 10-K and other filings with the
Securities and Exchange Commission.
1Q 2008 Earnings Release
2
April 18, 2008
3. 1Q Overview
• Financial Performance
– 11% Sales Growth, Organic Growth Across All Regions
– Segment Profit up 16%, Net Income up 22%, EPS up 30%
– $100M+ Repositioning, Benefiting Future Periods
– Free Cash Flow up 25%
– FY 2008 EPS Guidance $3.70 - $3.80, High End of Previous Range
• Highlights
– Diversified Portfolio: Great Positions, Short / Long Mix, Global Reach
– Franchise Strength: A350 XWB + G650 + EMB MSJ / MLJ = $40B+
– Capital Allocation: Norcross Acquisition, 7.4M Shares Repurchased
– Well Positioned: Strong Performance Despite Tougher Conditions
1Q 2008 Earnings Release
3
April 18, 2008
5. Aerospace
Financial Highlights
1Q07 1Q08 V'07
(M)
• Sales up 7%
Sales $ 2,840 $ 3,030 7%
Organic 5%
Segment $ 500 $ 563 13%
- Air Transport & Regional up 8%
Profit
OE up 11%
Margin 17.6% 18.6% 100 bps
Aftermarket up 6%
- Business & General Aviation up 7%
OE up 3%
Business Highlights
Aftermarket up 11%
+ Airbus, Gulfstream and Embraer wins - Defense & Space up 5%
reinforce franchise strength
+ Strong Commercial growth • Segment Profit up 13%
OE up 8% 100 bps margin expansion
AM up 8% (AT&R flight hours up ~7%) + Price
+ Productivity
+ Business jet industry remains robust
– Inflation
Continued Broad Based Strength
1Q 2008 Earnings Release
5
April 18, 2008
6. Automation And Control Solutions
Financial Highlights
1Q07 1Q08 V'07
(M)
• Sales up 14%
Sales $ 2,801 $ 3,180 14%
Acquisitions Impact 6%
Segment $ 274 $ 328 20%
FX Impact 5%
Profit
- Products up 14%
Margin 9.8% 10.3% 50 bps
Life Safety and Environmental Controls
- Solutions up 14%
Orders up 13%
Business Highlights
Growth across all geographies
+ Balanced Products and Solutions
• Segment Profit up 20%
performance
50 bps margin expansion
+ Continued good order growth
+ Productivity
+ Acquisition integrations on-track
+ Price
+ Acquiring attractive Norcross platform
– Inflation
– S&C and residential softness
– Acquisitions
Diversification And Productivity Benefits
1Q 2008 Earnings Release
6
April 18, 2008
7. Transportation Systems
Financial Highlights
1Q07 1Q08 V'07
(M)
• Sales up 6%
Sales $ 1,201 $ 1,276 6%
F/X impact 9%
Segment $ 156 $ 149 -4%
- Turbo up 12%
Profit
Commercial vehicle growth and FX
Margin 13.0% 11.7% -130 bps
European passenger vehicle softness
- CPG down 3%
F/X and price more than offset by
Business Highlights
lower volume
+ Commercial Vehicle Recovery On-Track
• Segment Profit down 4%
+ New Passenger Vehicle Platform Execution
130 bps margin contraction
– Passenger Vehicle Customer Launch Timing
+ Productivity
– Continued CPG challenges – Inflation
Automotive Aftermarket – Platform investments
Turbo Growth; CPG Challenges
1Q 2008 Earnings Release
7
April 18, 2008
8. Specialty Materials
Financial Highlights
1Q07 1Q08 V'07
(M)
• Sales up 18%
Sales $ 1,199 $ 1,409 18%
- UOP up 23%
Segment $ 192 $ 265 38%
Strong catalysts and adsorbents
Profit
product growth
Margin 16.0% 18.8% 280 bps - Fluorine Products up 12%
- Resins and Chemicals up 24%
- Specialty Products up 7%
Business Highlights
• Segment Profit up 38%
+ Continued strong UOP performance
280 bps margin expansion
+ Growth across all geographies
+ Productivity
+ Price and Productivity Actions
+ Volume
– Raw material costs
+ Price
– Inflation
Growth Across All Businesses
1Q 2008 Earnings Release
8
April 18, 2008
9. 2008 Key Market Assumptions
Business Drivers Key Assumptions
Flight Hours +5%
AT&R
OE Deliveries +10%
B&GA OE Deliveries +9%
Defense DOD Budget +4%
US Housing Starts No Recovery
US Non-Res Construction Slower Growth
ACS – Developed Markets
Retrofit / Regulation Increasing
Europe Moderating
ACS – Emerging Markets New Construction Double Digit Growth
Europe Auto Production Flat to +2%
Passenger Vehicles
Europe Diesel Penetration +2 pts
Commercial Vehicles NA Class 8 Truck Production Rebounding
UOP Refining and Petrochemicals Continued Strength
Detailed Bottom-Up Analysis
1Q 2008 Earnings Release
9
April 18, 2008
10. 1Q Sales Vs. 2008 Expectations
Business 1Q08 FY08*
AT&R +8% +8%
B&GA +7% +8%
Defense +5% +4%
ACS – Developed Markets +12% +5%
ACS – Emerging Markets +33% +21%
Passenger Vehicles +12% +2%
Commercial Vehicles +12% +9%
UOP +23% +5%
1Q Performance Supports FY08 Outlook
1Q 2008 Earnings Release
10 * HON Investor Day, February 25, 2008
April 18, 2008
11. 2Q08 Preview
($B)
Sales Comments
• ~6% Growth
Aerospace ~$3.2
• Continued AT&R and B&GA Growth
• Flight Hours up ~5%
• ~12% Growth
Automation & Control ~3.4
• Balanced Products / Solutions Growth
• Selective Softening
Transportation ~1.3 • ~4% Growth
• Turbo Growth, Weaker Europe
• Continued CPG Softness
Specialty Materials ~1.3 • ~7% Growth
• All Businesses Contributing
• UOP Mix / Timing
2Q08 Sales ~$9.2B
EPS $0.92 – 0.94, Up 18 – 21%
1Q 2008 Earnings Release
11
April 18, 2008
13. Summary
• Another Strong Quarter
– Growth despite tougher macro environment
– $100M+ repositioning to benefit future periods
• Business Wins Reinforce Franchise Strength
– A350 XWB, Gulfstream G650, Embraer MSJ / MLJ
• Key Initiatives Contributing
– HOS, FT, VPD™
• Moving to High End of 2008 EPS Guidance Range
– $3.70 - $3.80
Honeywell Well Positioned
1Q 2008 Earnings Release
13
April 18, 2008
14. Appendix
Reconciliation of non-GAAP Measures
to GAAP Measures
1Q 2008 Earnings Release
14
April 18, 2008
15. Reconciliation of Segment Profit to Operating Income and
Calculation of Segment Profit and Operating Income Margin
1Q07 1Q08
($M )
Sales $8,041 $8,895
Cost of Products and Services Sold (6,150) (6,672)
Selling, General and Administrative Expenses (1,089) (1,255)
Operating Income $802 $968
Stock Based Compensation (1) 24 41
Repositioning and Other (1, 2) 179 213
(1)
Pension and OPEB Expense 74 27
Segment Profit $1,079 $1,249
Operating Income $802 $968
÷ Sales $8,041 $8,895
Operating Income Margin % 10.0% 10.9%
Segment Profit $1,079 $1,249
÷ Sales $8,041 $8,895
Segment Profit Margin % 13.4% 14.0%
(1 Included in co st o f pro ducts and services so ld and selling, general and administrative expenses
)
(2) Includes repo sitio ning, asbesto s, enviro nmental expenses and equity inco me (beginning 1 /2008)
/1
1Q 2008 Earnings Release
15
April 18, 2008
16. Reconciliation of Free Cash Flow to Cash Provided by Operating
Activities and Calculation of Cash Flow Conversion
1Q07 1Q08
($M)
Cash Provided by Operating Activities $578 $721
Expenditures for Property, Plant and Equipment (120) (150)
Free Cash Flow 458 571
Cash Provided by Operating Activities $578 $721
÷ Net Income 526 643
Operating Cash Flow Conversion % 110% 112%
Free Cash Flow $458 $571
÷ Net Income 526 643
Free Cash Flow Conversion % 87% 89%
1Q 2008 Earnings Release
16
April 18, 2008
17. Reconciliation of Segment Profit to Operating Income and
Calculation of Segment Profit and Operating Income Margin
2007 2008E
($B)
Sales $34.6 $36.8 - 37.4
Cost of Products and Services Sold (26.3) (27.8) - (28.1)
Selling, General and Administrative Expenses (4.6) (4.7) - (4.9)
Operating Income $3.7 $4.3 - 4.4
Stock Based Compensation (1) 0.1 ~0.1
Repositioning and Other (1, 2) 0.6 0.5 - 0.6
Pension and OPEB Expense (1) 0.3 ~0.2
Segment Profit $4.7 $5.1 - 5.3
Operating Income $3.7 $4.3 - 4.4
÷ Sales $34.6 $36.8 - 37.4
Operating Income Margin % 10.7% 11.7 - 11.8%
Segment Profit $4.7 $5.1 - 5.3
÷ Sales $34.6 $36.8 - 37.4
Segment Profit Margin % 13.5% 14.0 - 14.3%
(1 Included in co st o f pro ducts and services so ld and selling, general and administrative expenses
)
(2) Includes repo sitio ning, asbesto s, enviro nmental expenses and equity inco me (beginning 1 /2008)
/1
1Q 2008 Earnings Release
17
April 18, 2008
18. Reconciliation of Free Cash Flow to Cash Provided by Operating
Activities and Calculation of Cash Flow Conversion
2007 2008E
($B)
Cash Provided by Operating Activities $3.9 $4.1 - 4.3
Expenditures for Property, Plant and Equipment (0.8) ~(0.9)
Free Cash Flow $3.1 $3.2 - 3.4
Cash Provided by Operating Activities $3.9 $4.1 - 4.3
÷ Net Income $2.4 $2.8 - 2.9
Operating Cash Flow Conversion % 160% ~147%
Free Cash Flow $3.1 $3.2 - 3.4
÷ Net Income $2.4 $2.8 - 2.9
Free Cash Flow Conversion % 129% ~116%
1Q 2008 Earnings Release
18
April 18, 2008