This document summarizes Hexion's first quarter 2007 earnings conference call. Key points include:
- Revenues increased 17% over the prior year to $1.438 billion, driven by price increases and acquisitions.
- Segment EBITDA increased 29% to $170 million compared to the prior year.
- Raw material costs increased but pricing initiatives helped offset this.
- $11 million in synergies were achieved in Q1 2007, putting Hexion on track to achieve $175 million in targeted synergies.
- The integration of the Orica acquisition is proceeding as planned.
Vodafone Group Plc announced its half-yearly results for the six months ended 30 September 2008. Revenue increased 17.1% to £19.9 billion driven by acquisitions, though organic revenue growth was only 0.9%. Adjusted operating profit grew 10.5% to £5.8 billion due to revenue growth and a lower effective tax rate, partially offset by higher customer investment costs. Free cash flow increased 15.9% to £3.1 billion. The company increased its full-year free cash flow guidance to £5.2-5.7 billion due to improved operational performance and foreign exchange benefits.
This document summarizes Hexion's second quarter 2007 earnings conference call. The summary includes:
- Hexion delivered strong revenue and EBITDA growth compared to the prior year period due to global diversification offsetting weakness in North American markets.
- Synergies from acquisitions are on track to achieve $175 million target.
- Hexion entered into a definitive merger agreement with Huntsman Corporation on July 12, 2007 to create one of the world's largest chemical companies, pending regulatory and shareholder approval.
Textron delivered consistent growth in 1998 through leveraging existing strengths, building on past accomplishments, and focusing on a clear future vision. Key highlights included 12% revenue growth, 22% earnings per share growth, and strong financial discipline. Looking ahead, Textron is well-positioned for continued growth with a balanced mix of market-leading businesses, commitment to acquisitions and innovation, and a strong leadership team.
The document is Lockheed Martin's 1995 Annual Report. It summarizes the company's strong financial and operational performance in its first year after merging with Martin Marietta. Key points include record net earnings of $1.12 billion, excluding merger charges, and meeting over 96% of major program milestones. Lockheed Martin also captured over 60% of competitive bids pursued and maintained a $41 billion backlog. The report highlights the company positioning itself as a total systems provider across various sectors.
The annual report summarizes Computacenter's financial performance in 2009. Key points include:
- Adjusted profit before tax increased 25.8% to £54.2 million.
- Net funds before customer specific financing increased £81.8 million to £86.4 million.
- The ERP implementation, a group-wide project, remained on plan and budget.
- Customers gave the company high and improved satisfaction ratings.
- The Chairman expresses satisfaction with progress made in 2009 focusing on profitability, working capital optimization, and cash flow while investing in people, processes, and systems.
The document provides Sony's consolidated financial results for FY2011 and Q4 FY2011, as well as forecasts for FY2012. Key highlights include:
- Sales and operating income decreased in FY2011 due to unfavorable foreign exchange rates, the impact of natural disasters, and deteriorating market conditions. A large net loss was recorded.
- Sales were forecast to increase 14% in FY2012, with an operating income forecast due to improvements in Consumer Products & Services and Professional, Device & Solutions segments.
- Results by segment showed lower sales and losses in Consumer Products & Services and Professional, Device & Solutions in FY2011, with forecasts of recovery in FY2012.
This document provides a summary of a company's financial discussion and analysis for the years 1998, 1997, and 1996. Some key points:
- Net sales increased 15% in 1998 to nearly $1.9 billion, with double-digit growth in both US and international operations. Business acquisitions accounted for about half the growth.
- Operating income was a record $262 million in 1998, up 20% from 1997. The operating margin reached a new high of 13.9%.
- Income from continuing operations rose 15% to a record $155 million, or $1.15 per diluted share.
- Net income totaled $193 million, or $1.44 per diluted share, compared to
The document provides financial highlights and statistical data for UnumProvident Corporation for the fourth quarter and full year of 2005. Some key details include:
- Total revenue for 2005 was $10.4 billion compared to $10.5 billion in 2004.
- Net income for 2005 was $513.6 million compared to a net loss of $253 million in 2004.
- Total assets increased to $51.9 billion in 2005 from $50.8 billion in 2004, with most of the increase occurring in fixed maturity securities.
- Premium income for 2005 was $7.8 billion, consistent with the prior year.
Vodafone Group Plc announced its half-yearly results for the six months ended 30 September 2008. Revenue increased 17.1% to £19.9 billion driven by acquisitions, though organic revenue growth was only 0.9%. Adjusted operating profit grew 10.5% to £5.8 billion due to revenue growth and a lower effective tax rate, partially offset by higher customer investment costs. Free cash flow increased 15.9% to £3.1 billion. The company increased its full-year free cash flow guidance to £5.2-5.7 billion due to improved operational performance and foreign exchange benefits.
This document summarizes Hexion's second quarter 2007 earnings conference call. The summary includes:
- Hexion delivered strong revenue and EBITDA growth compared to the prior year period due to global diversification offsetting weakness in North American markets.
- Synergies from acquisitions are on track to achieve $175 million target.
- Hexion entered into a definitive merger agreement with Huntsman Corporation on July 12, 2007 to create one of the world's largest chemical companies, pending regulatory and shareholder approval.
Textron delivered consistent growth in 1998 through leveraging existing strengths, building on past accomplishments, and focusing on a clear future vision. Key highlights included 12% revenue growth, 22% earnings per share growth, and strong financial discipline. Looking ahead, Textron is well-positioned for continued growth with a balanced mix of market-leading businesses, commitment to acquisitions and innovation, and a strong leadership team.
The document is Lockheed Martin's 1995 Annual Report. It summarizes the company's strong financial and operational performance in its first year after merging with Martin Marietta. Key points include record net earnings of $1.12 billion, excluding merger charges, and meeting over 96% of major program milestones. Lockheed Martin also captured over 60% of competitive bids pursued and maintained a $41 billion backlog. The report highlights the company positioning itself as a total systems provider across various sectors.
The annual report summarizes Computacenter's financial performance in 2009. Key points include:
- Adjusted profit before tax increased 25.8% to £54.2 million.
- Net funds before customer specific financing increased £81.8 million to £86.4 million.
- The ERP implementation, a group-wide project, remained on plan and budget.
- Customers gave the company high and improved satisfaction ratings.
- The Chairman expresses satisfaction with progress made in 2009 focusing on profitability, working capital optimization, and cash flow while investing in people, processes, and systems.
The document provides Sony's consolidated financial results for FY2011 and Q4 FY2011, as well as forecasts for FY2012. Key highlights include:
- Sales and operating income decreased in FY2011 due to unfavorable foreign exchange rates, the impact of natural disasters, and deteriorating market conditions. A large net loss was recorded.
- Sales were forecast to increase 14% in FY2012, with an operating income forecast due to improvements in Consumer Products & Services and Professional, Device & Solutions segments.
- Results by segment showed lower sales and losses in Consumer Products & Services and Professional, Device & Solutions in FY2011, with forecasts of recovery in FY2012.
This document provides a summary of a company's financial discussion and analysis for the years 1998, 1997, and 1996. Some key points:
- Net sales increased 15% in 1998 to nearly $1.9 billion, with double-digit growth in both US and international operations. Business acquisitions accounted for about half the growth.
- Operating income was a record $262 million in 1998, up 20% from 1997. The operating margin reached a new high of 13.9%.
- Income from continuing operations rose 15% to a record $155 million, or $1.15 per diluted share.
- Net income totaled $193 million, or $1.44 per diluted share, compared to
The document provides financial highlights and statistical data for UnumProvident Corporation for the fourth quarter and full year of 2005. Some key details include:
- Total revenue for 2005 was $10.4 billion compared to $10.5 billion in 2004.
- Net income for 2005 was $513.6 million compared to a net loss of $253 million in 2004.
- Total assets increased to $51.9 billion in 2005 from $50.8 billion in 2004, with most of the increase occurring in fixed maturity securities.
- Premium income for 2005 was $7.8 billion, consistent with the prior year.
This document provides a statistical supplement for UnumProvident Corporation's second quarter 2005 financial results, adjusted to reflect new segment reporting implemented in the third quarter of 2005. It includes key financial highlights such as total premium income of $1.94 billion for the quarter. The supplement presents financial data and statistics for the quarter and year to date by business segment, including income statements, balance sheets, investment portfolios, and statutory capital. Notes are provided to give additional context to the financial information presented.
Dean Foods reported financial results for the fourth quarter and full year of 2008. The company had strong profit growth in the fourth quarter, with adjusted operating income increasing 27% compared to the fourth quarter of 2007. For the full year, Dean Foods recovered from a weak first quarter, with adjusted operating income growing 7% despite high dairy commodity costs. The company significantly reduced debt in 2008 and expects continued earnings growth in 2009, led by the DSD Dairy and WhiteWave-Morningstar segments. Dean Foods is well positioned for 2009 despite volatility in dairy markets.
- 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%.
Timken reported record annual sales and earnings for 2008 despite a challenging fourth quarter. Sales increased 8% to $5.7 billion for the year due to strong demand globally. However, earnings per share fell in the fourth quarter to a loss of $0.38 due to lower demand, higher material costs, and a LIFO expense. For 2009, Timken expects earnings per share between $1.30 to $1.60 due to anticipated weakness in most end markets.
Third Quarter 2012 Investor PresentationCNOServices
3Q12 results reflect management's successful recapitalization which lowered CNO's cost of capital while maintaining strong capital ratios. Significant progress was also made on resolving the OCB litigation.
CNO's businesses continued to perform well with core earnings building. Investments were made to strengthen distribution and product offerings.
Capital and liquidity remained strong after deploying $455 million to reduce diluted shares by 15% YTD. Metrics like RBC ratio and debt to capital excluding AOCI remained high.
Fidelity National Information Services reported strong financial results for 2007, with revenue increasing 15.1% to a record $4.8 billion and adjusted earnings per share growing 16.2% to $2.44. The company's Transaction Processing Services and Lender Processing Services divisions both experienced double-digit revenue growth. International revenues increased over 40% driven by expansions in Europe, Asia, and Brazil. Successful implementations of new systems and platforms contributed to organic revenue growth of 11%, exceeding projections.
Eaton Corporation achieved record financial results in 2005:
1) Net sales increased 13% to a record $11.1 billion.
2) Earnings per share rose 27% to a record $5.23.
3) Cash flow from operations increased 30% to $1.135 billion.
Pirelli Presentation of 1H 2009 Group Results.
Pirelli & C. Group Revenues: 2,137.6 Million Euros (2,454.8 Million Euros As Of 30 June 2008). Ebit 101.1 Million Euros (180.9 Million Euros As Of 30 June 2008) After Restructuring Charges Of 21.2 Million Euros; Incidence On Revenues Of 4.7% In Line With Industrial Plan Targets. Attributable Consolidated Net Result: 6.3 Million Euros (-36.2 Million Euros As Of 30 June 2008; Total Consolidated Net Result Negative For 12.4 Million Euros (-9.5 Million Euros As Of 30 June 2008), Positive Net Of Further 19.8 Million Euro Writedown Of Telecom Italia Stake. Net Financial Position Negative For 1,107.6 Million Euros, from 1,278.9 Million Euros As Of 31 March 2009.
Pirelli Tyre Revenues 1,915.9 Million Euros (-9.3% On A Like-For-Like Basis, Net Of Exchange Rate Effects, Compared With First Half 2008); Ebit Before Restructuring Costs: 146.5 Million Euros, Or 7.6% Of Revenues. Second Quarter Revenues Up 6.7% Compared With The First Quarter Of 2009; Second Quarter Ebit Margin Before Restructuring Charges Rose To 8.6% From 8.1% In The Second Quarter Of 2008.
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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.
- Albemarle Corporation's earnings presentation covered Q4 2008 results as well as full year 2008 results.
- Q4 2008 net sales were down 13.6% compared to Q4 2007, operating profit declined 122.7%, and net income declined 77.6%. Full year 2008 results saw net sales increase 5.6% while operating profit declined 28.7% and net income declined 15.5% compared to 2007.
- Results were negatively impacted by lower volumes across key end markets as well as increased raw material and energy costs. The company has taken steps to reduce costs and restructure operations.
- DuPont reported second quarter 2006 earnings of $1.04 per share, up from $1.01 per share in second quarter 2005. Excluding significant items, earnings per share were $1.01, up 12% from $0.90 per share last year.
- Local prices were up 2% while volumes increased 1%, but currency effects reduced sales by 1%, for a total sales increase of 2%.
- The company expects strong earnings growth in the second half of 2006 compared to 2005, and reaffirms its full year 2006 earnings outlook.
Lennox International reported financial results for the first quarter of 2009, with revenue down 23% from the prior year quarter to $585 million due to weak global market conditions. The company reported an adjusted loss per share from continuing operations of $0.23 and a GAAP loss per share of $0.33. In response to weaker market conditions, Lennox lowered its full-year 2009 revenue and earnings guidance and announced additional cost reduction measures of $55 million in SG&A expenses and a 12% reduction in salaried headcount.
The document is Aetna's 2005 annual report. It summarizes that 2005 was a successful year for Aetna with 13% revenue growth to $22.5 billion. Medical membership increased by over 1 million members which was primarily organic growth. Aetna also saw strong growth in dental and pharmacy membership. The company managed a commercial risk medical cost trend of over 8% while maintaining one of the best medical cost ratios in the industry at 78.4%, excluding prior period reserve development.
- The company reported second quarter earnings per share of $0.98, up from $0.97 in the second quarter of 2004. Revenue increased 10% compared to the second quarter of 2004.
- Fleet Management Solutions revenue increased 9% and earnings increased 8% compared to the second quarter of 2004, driven by improved used vehicle sales and rental results.
- The company reaffirmed its full year 2005 earnings forecast of $3.42-$3.52 per share, which includes a $0.12 state tax benefit.
The document provides an overview of the company's third quarter 2005 earnings conference call, including highlights such as earnings per share increasing 20% compared to the prior year, business segment results with revenue and earnings increases across all segments, and debt to equity ratios remaining below long-term targets while supporting continued growth.
- The document provides a summary of the company's 4th quarter 2008 and full year 2008 financial results and forecasts for 2009.
- 4th quarter earnings per share were $0.19 compared to $1.24 in 4Q07 due to restructuring charges. Excluding charges, earnings were $1.09 compared to $1.18.
- For the full year, earnings per share were $3.52 compared to $4.24 in 2007. Excluding items, earnings were $4.49 compared to $4.21.
This document provides financial statements and segment results for Unisys Corporation for the three months and year ended December 31, 2005 and 2004. It shows that for the three months ended December 31, 2005, Unisys had revenue of $1.569.5 million and a net loss of $31.1 million. For the year ended December 31, 2005, Unisys had revenue of $5.758.7 million and a net loss of $1,731.9 million. The document also provides balance sheet and cash flow statement information for Unisys as of December 31, 2005 and 2004.
Unisys reported fourth-quarter 2006 pre-tax income of $49.3 million, an 81% increase from $27.2 million in the fourth quarter of 2005. Revenue declined 1% to $1.55 billion. For the full year 2006, Unisys reported revenue of $5.76 billion, flat from 2005, and a net loss of $278.7 million compared to a $1.73 billion loss in 2005. Unisys expects its cost reduction program to yield annualized cost savings of over $340 million by the second half of 2007.
This document is Unisys Corporation's quarterly report filed with the SEC for the third quarter of 2003. It includes Unisys' consolidated balance sheet, income statement, and cash flow statement for the periods ended September 30, 2003 and 2002. Key details include total revenue of $1.45 billion for Q3 2003, net income of $56.2 million, and basic earnings per share of $0.17. For the nine months ended September 30, 2003, total revenue was $4.27 billion and net income was $147.2 million.
This document is an amendment to a previously filed Form 10-K annual report by The Shaw Group Inc. for the fiscal year ended August 31, 2006. The amendment was filed to restate certain items in the financial statements and management's discussion and analysis based on comments from the SEC. Specifically, the amendment expands the segment analysis, updates controls and procedures disclosure, and restates items 6, 7, 8 and 9A of the original filing to correct errors related to the presentation of an engineering project and certain other matters. The financial statements for 2004, 2005 and 2006 were restated as a result.
- Unisys Corporation reported consolidated financial results for the second quarter and first half of 2004, with total revenue of $1.38 billion and $2.85 billion respectively.
- Net income for the quarter was $19.4 million compared to $52.5 million for the same period in 2003. Net income for the first half was $48.3 million compared to $91 million the prior year.
- Services revenue was relatively flat at $1.16 billion for the quarter but increased to $2.32 billion for the first half, while technology revenue declined for both the quarter and six months.
Unisys reported a first-quarter 2008 operating profit of $28.0 million, double their operating loss from the first quarter of 2007. Revenue declined 3% to $1.30 billion due to weakness in the US market. Services orders saw substantial double-digit growth. The company improved their gross and operating profit margins despite challenges in the US market from contracting delays and tighter IT spending. Unisys used $49 million in cash from operations in the quarter and ended with $490 million in cash.
This document provides a statistical supplement for UnumProvident Corporation's second quarter 2005 financial results, adjusted to reflect new segment reporting implemented in the third quarter of 2005. It includes key financial highlights such as total premium income of $1.94 billion for the quarter. The supplement presents financial data and statistics for the quarter and year to date by business segment, including income statements, balance sheets, investment portfolios, and statutory capital. Notes are provided to give additional context to the financial information presented.
Dean Foods reported financial results for the fourth quarter and full year of 2008. The company had strong profit growth in the fourth quarter, with adjusted operating income increasing 27% compared to the fourth quarter of 2007. For the full year, Dean Foods recovered from a weak first quarter, with adjusted operating income growing 7% despite high dairy commodity costs. The company significantly reduced debt in 2008 and expects continued earnings growth in 2009, led by the DSD Dairy and WhiteWave-Morningstar segments. Dean Foods is well positioned for 2009 despite volatility in dairy markets.
- 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%.
Timken reported record annual sales and earnings for 2008 despite a challenging fourth quarter. Sales increased 8% to $5.7 billion for the year due to strong demand globally. However, earnings per share fell in the fourth quarter to a loss of $0.38 due to lower demand, higher material costs, and a LIFO expense. For 2009, Timken expects earnings per share between $1.30 to $1.60 due to anticipated weakness in most end markets.
Third Quarter 2012 Investor PresentationCNOServices
3Q12 results reflect management's successful recapitalization which lowered CNO's cost of capital while maintaining strong capital ratios. Significant progress was also made on resolving the OCB litigation.
CNO's businesses continued to perform well with core earnings building. Investments were made to strengthen distribution and product offerings.
Capital and liquidity remained strong after deploying $455 million to reduce diluted shares by 15% YTD. Metrics like RBC ratio and debt to capital excluding AOCI remained high.
Fidelity National Information Services reported strong financial results for 2007, with revenue increasing 15.1% to a record $4.8 billion and adjusted earnings per share growing 16.2% to $2.44. The company's Transaction Processing Services and Lender Processing Services divisions both experienced double-digit revenue growth. International revenues increased over 40% driven by expansions in Europe, Asia, and Brazil. Successful implementations of new systems and platforms contributed to organic revenue growth of 11%, exceeding projections.
Eaton Corporation achieved record financial results in 2005:
1) Net sales increased 13% to a record $11.1 billion.
2) Earnings per share rose 27% to a record $5.23.
3) Cash flow from operations increased 30% to $1.135 billion.
Pirelli Presentation of 1H 2009 Group Results.
Pirelli & C. Group Revenues: 2,137.6 Million Euros (2,454.8 Million Euros As Of 30 June 2008). Ebit 101.1 Million Euros (180.9 Million Euros As Of 30 June 2008) After Restructuring Charges Of 21.2 Million Euros; Incidence On Revenues Of 4.7% In Line With Industrial Plan Targets. Attributable Consolidated Net Result: 6.3 Million Euros (-36.2 Million Euros As Of 30 June 2008; Total Consolidated Net Result Negative For 12.4 Million Euros (-9.5 Million Euros As Of 30 June 2008), Positive Net Of Further 19.8 Million Euro Writedown Of Telecom Italia Stake. Net Financial Position Negative For 1,107.6 Million Euros, from 1,278.9 Million Euros As Of 31 March 2009.
Pirelli Tyre Revenues 1,915.9 Million Euros (-9.3% On A Like-For-Like Basis, Net Of Exchange Rate Effects, Compared With First Half 2008); Ebit Before Restructuring Costs: 146.5 Million Euros, Or 7.6% Of Revenues. Second Quarter Revenues Up 6.7% Compared With The First Quarter Of 2009; Second Quarter Ebit Margin Before Restructuring Charges Rose To 8.6% From 8.1% In The Second Quarter Of 2008.
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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.
- Albemarle Corporation's earnings presentation covered Q4 2008 results as well as full year 2008 results.
- Q4 2008 net sales were down 13.6% compared to Q4 2007, operating profit declined 122.7%, and net income declined 77.6%. Full year 2008 results saw net sales increase 5.6% while operating profit declined 28.7% and net income declined 15.5% compared to 2007.
- Results were negatively impacted by lower volumes across key end markets as well as increased raw material and energy costs. The company has taken steps to reduce costs and restructure operations.
- DuPont reported second quarter 2006 earnings of $1.04 per share, up from $1.01 per share in second quarter 2005. Excluding significant items, earnings per share were $1.01, up 12% from $0.90 per share last year.
- Local prices were up 2% while volumes increased 1%, but currency effects reduced sales by 1%, for a total sales increase of 2%.
- The company expects strong earnings growth in the second half of 2006 compared to 2005, and reaffirms its full year 2006 earnings outlook.
Lennox International reported financial results for the first quarter of 2009, with revenue down 23% from the prior year quarter to $585 million due to weak global market conditions. The company reported an adjusted loss per share from continuing operations of $0.23 and a GAAP loss per share of $0.33. In response to weaker market conditions, Lennox lowered its full-year 2009 revenue and earnings guidance and announced additional cost reduction measures of $55 million in SG&A expenses and a 12% reduction in salaried headcount.
The document is Aetna's 2005 annual report. It summarizes that 2005 was a successful year for Aetna with 13% revenue growth to $22.5 billion. Medical membership increased by over 1 million members which was primarily organic growth. Aetna also saw strong growth in dental and pharmacy membership. The company managed a commercial risk medical cost trend of over 8% while maintaining one of the best medical cost ratios in the industry at 78.4%, excluding prior period reserve development.
- The company reported second quarter earnings per share of $0.98, up from $0.97 in the second quarter of 2004. Revenue increased 10% compared to the second quarter of 2004.
- Fleet Management Solutions revenue increased 9% and earnings increased 8% compared to the second quarter of 2004, driven by improved used vehicle sales and rental results.
- The company reaffirmed its full year 2005 earnings forecast of $3.42-$3.52 per share, which includes a $0.12 state tax benefit.
The document provides an overview of the company's third quarter 2005 earnings conference call, including highlights such as earnings per share increasing 20% compared to the prior year, business segment results with revenue and earnings increases across all segments, and debt to equity ratios remaining below long-term targets while supporting continued growth.
- The document provides a summary of the company's 4th quarter 2008 and full year 2008 financial results and forecasts for 2009.
- 4th quarter earnings per share were $0.19 compared to $1.24 in 4Q07 due to restructuring charges. Excluding charges, earnings were $1.09 compared to $1.18.
- For the full year, earnings per share were $3.52 compared to $4.24 in 2007. Excluding items, earnings were $4.49 compared to $4.21.
This document provides financial statements and segment results for Unisys Corporation for the three months and year ended December 31, 2005 and 2004. It shows that for the three months ended December 31, 2005, Unisys had revenue of $1.569.5 million and a net loss of $31.1 million. For the year ended December 31, 2005, Unisys had revenue of $5.758.7 million and a net loss of $1,731.9 million. The document also provides balance sheet and cash flow statement information for Unisys as of December 31, 2005 and 2004.
Unisys reported fourth-quarter 2006 pre-tax income of $49.3 million, an 81% increase from $27.2 million in the fourth quarter of 2005. Revenue declined 1% to $1.55 billion. For the full year 2006, Unisys reported revenue of $5.76 billion, flat from 2005, and a net loss of $278.7 million compared to a $1.73 billion loss in 2005. Unisys expects its cost reduction program to yield annualized cost savings of over $340 million by the second half of 2007.
This document is Unisys Corporation's quarterly report filed with the SEC for the third quarter of 2003. It includes Unisys' consolidated balance sheet, income statement, and cash flow statement for the periods ended September 30, 2003 and 2002. Key details include total revenue of $1.45 billion for Q3 2003, net income of $56.2 million, and basic earnings per share of $0.17. For the nine months ended September 30, 2003, total revenue was $4.27 billion and net income was $147.2 million.
This document is an amendment to a previously filed Form 10-K annual report by The Shaw Group Inc. for the fiscal year ended August 31, 2006. The amendment was filed to restate certain items in the financial statements and management's discussion and analysis based on comments from the SEC. Specifically, the amendment expands the segment analysis, updates controls and procedures disclosure, and restates items 6, 7, 8 and 9A of the original filing to correct errors related to the presentation of an engineering project and certain other matters. The financial statements for 2004, 2005 and 2006 were restated as a result.
- Unisys Corporation reported consolidated financial results for the second quarter and first half of 2004, with total revenue of $1.38 billion and $2.85 billion respectively.
- Net income for the quarter was $19.4 million compared to $52.5 million for the same period in 2003. Net income for the first half was $48.3 million compared to $91 million the prior year.
- Services revenue was relatively flat at $1.16 billion for the quarter but increased to $2.32 billion for the first half, while technology revenue declined for both the quarter and six months.
Unisys reported a first-quarter 2008 operating profit of $28.0 million, double their operating loss from the first quarter of 2007. Revenue declined 3% to $1.30 billion due to weakness in the US market. Services orders saw substantial double-digit growth. The company improved their gross and operating profit margins despite challenges in the US market from contracting delays and tighter IT spending. Unisys used $49 million in cash from operations in the quarter and ended with $490 million in cash.
Hexion presented at the Credit Suisse Chemical Conference on September 27, 2007. The presentation provided an overview of Hexion's strong first half 2007 results, which validated the company's strategy and showed ongoing top-line growth and increased operating income and EBITDA compared to the first half of 2006. The presentation also discussed Hexion's diversified business segments and global footprint, growth initiatives, experienced management team, and strong financial position and free cash flow.
This document summarizes Hexion's second quarter 2007 earnings conference call. The summary includes:
- Hexion delivered strong revenue and EBITDA growth compared to the prior year period driven by global diversification.
- Synergies from acquisitions are on track to achieve $175 million target.
- Hexion entered into a definitive merger agreement with Huntsman Corporation on July 12, 2007 to create one of the world's largest chemical companies, pending regulatory and shareholder approval.
This document is Textron's 1999 Annual Report. The key points are:
1) Textron achieved record financial results in 1999 with revenues increasing 20% to $11.6 billion and earnings per share increasing 51%.
2) Textron's four business segments - Aircraft, Automotive, Industrial, and Finance - saw strong growth and profitability in 1999.
3) Textron is focused on consistent growth through strategic investments, acquisitions, driving operational excellence, and leveraging e-business.
Textron's 2000 annual report outlines its new strategic framework aimed at delivering compelling growth through creating a portfolio of powerful brands and fostering enterprise excellence, with return on invested capital (ROIC) as the key performance metric. Some key points:
- The framework focuses on transitioning businesses into strong brands in attractive, growing industries and leveraging the potential of the Textron enterprise through initiatives like supply chain management, e-business strategies, and shared services.
- Financial goals include achieving a ROIC at least 400 basis points above the weighted average cost of capital, 5% annual organic revenue growth, segment profit margins over 13%, and 10% annual earnings per share growth.
- A Transformation Leadership Team was established to lead
Nationwide had a record year in 2006, earning over $2.1 billion in net income. This performance was driven by growth across its business segments, favorable weather conditions, and lower than expected auto losses. Nationwide's property and casualty operations and financial services businesses performed well. Nationwide remains committed to helping customers protect what matters most through a variety of insurance and financial products. It continues to focus on building its capital strength and extending its customer-focused mission.
Hexion Specialty Chemicals reported financial results for the fourth quarter and fiscal year 2007. Revenue increased 13% in the fourth quarter and 12% for the fiscal year. Operating income was $21 million for the quarter, impacted by $40 million of asset impairments and manufacturing issues, and $302 million for the fiscal year, up 22% excluding gains. Segment EBITDA increased 2% for the quarter to $125 million and 17% for the fiscal year to $611 million. Hexion remains on track to achieve $175 million in targeted synergies and had a strong liquidity position at year-end.
Hexion Specialty Chemicals reported financial results for the fourth quarter and fiscal year 2007. Revenue increased 13% in the fourth quarter and 12% for the fiscal year. Operating income was $21 million for the quarter, impacted by $40 million of asset impairments and manufacturing issues, and $302 million for the fiscal year, up 22% excluding gains. Segment EBITDA increased 2% for the quarter to $125 million and 17% for the fiscal year to $611 million. Hexion remains on track to achieve $175 million in targeted synergies and had a strong liquidity position at year-end.
The Timken Company maintained profitability in 1999 despite weaknesses in many markets. The company achieved its third highest sales ever and reduced inventory days for the third consecutive year. Looking ahead, Timken is transforming its organization into a more global business with new leadership and a broader product portfolio to fuel growth and take advantage of improving business conditions in 2000.
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The presentation will be available on our website: www.lpsb.com.br
Thank you for your participation.
This document provides an annual report for Constellation Energy. It summarizes that in 2004:
- Constellation Energy grew its earnings per share excluding special items by 17.4%, well above its 10% goal and the industry average.
- It achieved a 14.8% total return for shareholders through stock appreciation and dividends.
- It strengthened its balance sheet by reducing debt and expects to continue growing its dividend in line with earnings.
- It integrated recent acquisitions successfully to complement its competitive energy business and became the largest power provider to wholesale and commercial/industrial customers in North America.
Sprint reported strong financial results for 2Q 2004 with revenue, profit and cash flow growth. Wireless saw 17% revenue growth and 19% increase in adjusted EBITDA. Local revenues were steady with solid margins. Full year earnings guidance was raised. The company executed on initiatives to improve customer experience and reduce costs while investing in new technologies.
This presentation summarizes LPS Brasil's 1Q11 results. Key highlights include:
- CrediPronto! received its first earn-out payment of R$30.9 million.
- Contracted sales totaled R$3.5 billion, up 37% from 1Q10.
- Net revenue was R$77.4 million, up 23% from 1Q10.
- EBITDA was R$28.4 million, up 32% from 1Q10, with a 37% margin.
- Net income reached R$18.7 million, up 15% from 1Q10.
The presentation provides additional details on operational results,
This document summarizes Hexion Specialty Chemicals' third quarter 2007 earnings conference call.
- Hexion delivered strong third quarter results with 7% revenue growth and 20% increase in segment EBITDA compared to the prior year. Operating income increased 54% and net loss improved.
- Favorable product mix, decreased transaction costs, flattening raw material costs, and synergy achievement drove earnings growth. Hexion remains on track to achieve $175 million in targeted synergies.
- The pending merger with Huntsman Corporation received shareholder approval in October 2007 and is progressing as planned with closing expected in first quarter 2008. The merger will create one of the world's largest specialty chemical companies.
This document summarizes Hexion Specialty Chemicals' third quarter 2007 earnings conference call.
- Hexion delivered strong third quarter results with 7% revenue growth and 20% increase in segment EBITDA compared to the prior year. Operating income increased 54% and net loss improved.
- Favorable product mix, decreased transaction costs, flattening raw material costs, and synergy achievement drove earnings growth. Hexion remains on track to achieve $175 million in targeted synergies.
- The pending merger with Huntsman Corporation received shareholder approval in October 2007 and is progressing as planned with closing expected in first quarter 2008. The merger will create one of the world's largest specialty chemical companies.
This document is Textron's 2001 Annual Report which discusses the company's performance in 2001 and outlines its strategic plans and goals for the future. Some key points:
1) 2001 was a challenging year for Textron due to economic recession and operational issues, but the company took strategic steps to transform itself into a networked enterprise of strong businesses and brands.
2) Textron implemented restructuring, reconfiguring, reengineering, and increased its focus on return on invested capital to improve performance and position the company for long-term growth.
3) Going forward, Textron aims to strengthen its business mix, leverage its enterprise resources, and implement Six Sigma to drive efficiency and enhance customer satisfaction.
The company achieved record financial results in 1997, exceeding its long-term financial objectives for the sixth consecutive year. Consolidated net sales reached $1.6 billion, a 10% increase over 1996, driven by strong performances from core Institutional and Food & Beverage operations. Net income increased 18% to $134 million, or $1.00 per diluted share. The company continued generating strong operating cash flows and maintained a moderate debt level and investment grade balance sheet. Business acquisitions in 1997 and 1996 contributed approximately one-fourth to sales growth.
1) Fidelity National Information Services presented an investor presentation in June 2008 that discussed their planned spin-off of the Lender Processing Services segment. The spin-off was intended to create two pure play companies that could better focus resources and have improved investment profiles.
2) FIS overview highlighted their leadership in payments processing and core banking software, with $2.9 billion in annual revenues and significant scale across the US and international markets.
3) Financial highlights showed strong revenue growth, expanding margins, and increasing free cash flow that could be used to invest in growth, reduce debt, pursue acquisitions and return capital to shareholders.
1) Global Financial Review reported that EBIT rose 11% from 1999 to 2000 due to strong sales growth and cost-cutting initiatives. EBIT also increased 10% from 1998 to 1999.
2) Gross profit margin increased to 54.4% in 2000, above both 1999 and 1998 levels, reflecting the company's strategy to improve its supply chain and focus on higher margin products.
3) Selling, general and administrative expenses declined slightly as a percentage of sales due to continued expense containment efforts, though this was offset by higher advertising costs.
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.
The 1Q11 presentation summarizes LPS Brasil's operational and financial results for the first quarter of 2011. It highlights that contracted sales totaled R$3.5 billion, up 37% from the same period in 2010. CrediPronto originated R$209 million in mortgage loans in the quarter. Net revenue was R$77.4 million, up 23% year-over-year, and EBITDA was R$28.4 million, a 32% increase. Net income reached R$18.7 million, representing a 15% rise. The presentation also provides an overview of LPS Brasil's diversified business lines and their quarterly performance across primary and secondary markets as well as mortgage origination
This document is a Form 10-Q quarterly report filed by Unisys Corporation with the SEC for the quarter ending March 31, 2001. It includes Unisys' consolidated balance sheet, statement of income, statement of cash flows, and notes to the financial statements. The financial statements show that for the quarter, Unisys reported revenue of $1.6 billion, net income of $69.3 million, and ended the quarter with $326 million in cash and cash equivalents.
This document is a Form 10-Q quarterly report filed by Unisys Corporation with the SEC for the quarter ended June 30, 2001. The report includes Unisys' consolidated balance sheet, statement of income, statement of cash flows, and notes to the financial statements. It summarizes Unisys' financial performance and position, including reporting a net income of $12.1 million on revenue of $1.46 billion for the quarter.
This document is a Form 10-Q quarterly report filed by Unisys Corporation with the Securities and Exchange Commission for the quarter ending September 30, 2001. The report includes Unisys' consolidated balance sheet, statement of income, and statement of cash flows for the periods. It shows that for the quarter, Unisys reported revenue of $1.376 billion and net income of $20.9 million. For the nine months, revenue was $4.461 billion and net income was $102.3 million.
This document is Unisys Corporation's annual report (Form 10-K) filed with the Securities and Exchange Commission for the fiscal year ending December 31, 2001. It summarizes Unisys' business operations, principal products and services, customers, competition, research and development activities, and other details. Unisys has two business segments - Services and Technology. The Services segment provides consulting, outsourcing, and other services, while the Technology segment develops servers and related products. Major customers include companies in financial services, communications, and the US government.
This document is a Form 10-Q quarterly report filed by Unisys Corporation with the Securities and Exchange Commission for the quarterly period ended March 31, 2002. The report includes Unisys' consolidated balance sheet, statement of income, and statement of cash flows for the periods ended March 31, 2002 and 2001. It also includes notes to the financial statements providing additional details on earnings per share calculations, adoption of new accounting standards, segment information, and other items.
This document is a SEC Form 10-Q filing for Unisys Corporation for the quarterly period ended June 30, 2002. It includes Unisys' consolidated balance sheet, statement of income, and statement of cash flows for the periods. The filing shows that for the six months ended June 30, 2002, Unisys reported revenue of $2.72 billion and net income of $74.9 million. Cash and cash equivalents decreased to $201.1 million as of June 30, 2002 from $325.9 million as of December 31, 2001.
This document is a quarterly report filed with the SEC by Unisys Corporation for the quarter ending September 30, 2002. It includes Unisys' consolidated balance sheet, income statement, and cash flow statement for the periods shown. The balance sheet shows the company had total assets of $5.48 billion against total liabilities and stockholders' equity of the same amount. The income statement indicates net income of $59 million for the quarter on revenues of $1.33 billion. Cash flow from operations was $70 million for the first nine months of the year. Notes to the financial statements provide additional details on earnings per share calculations and the impact of a new accounting standard for goodwill.
This document is the Unisys Corporation's annual report (Form 10-K) filed with the Securities and Exchange Commission for the fiscal year ending December 31, 2002. It provides information on Unisys' business segments of Services and Technology, its principal products and services, markets, materials, intellectual property, seasonality, customers, backlog, and competition. Unisys is a global information technology company offering systems integration, outsourcing, infrastructure services, server technology, and consulting. Its major customers include governments and companies in financial services, communications and other industries.
This document is Unisys Corporation's quarterly report filed with the SEC for the quarter ending March 31, 2003. It includes the consolidated balance sheet, income statement, cash flow statement, and notes for the quarter. The balance sheet shows total assets of $5.1 billion including $433.1 million in cash. Total liabilities were $1.9 billion including long-term debt of $1.0 billion. Stockholders' equity was $901.6 million. The income statement shows revenue of $1.4 billion and net income of $38.5 million. Cash flow from operations was negative $64.9 million for the quarter.
Unisys Corporation filed a Form 10-Q with the SEC for the quarterly period ended June 30, 2003. The filing includes Unisys' consolidated balance sheet, income statement, and notes to the financial statements. For the quarter, Unisys reported revenue of $1.425 billion, net income of $52.5 million, and earnings per share of $0.16. Year-to-date, Unisys reported revenue of $2.824 billion, net income of $91 million, and earnings per share of $0.28. As of June 30, 2003, Unisys had total assets of $5.155 billion and total stockholders' equity of $1.002 billion
This document is a Form 10-K filed by Unisys Corporation with the Securities and Exchange Commission for the fiscal year ended December 31, 2003. It provides an overview of Unisys, including that it is a global information technology company with Services and Technology business segments. It describes Unisys' principal products and services in each segment, as well as information on customers, materials, patents, seasonality, backlog, and competition.
This document is Unisys Corporation's quarterly report filed with the SEC for the quarter ended March 31, 2004. It includes Unisys' consolidated balance sheets, statements of income, and statements of cash flows for the quarters ended March 31, 2004 and 2003. For the quarter ended March 31, 2004, Unisys reported revenue of $1.46 billion and net income of $28.9 million.
Unisys Corporation reported financial results for the first quarter of 2004 and 2003. Revenue increased slightly from $1.4 billion to $1.46 billion year-over-year. Net income was $28.9 million compared to $38.5 million in the prior year. Earnings per share were $0.09 compared to $0.12. The company also provided supplemental non-GAAP information excluding pension expenses/income to enhance understanding of operational performance. Free cash flow was $16.1 million compared to negative $154.3 million in the prior year period.
This SEC filing is Unisys Corporation's quarterly report on Form 10-Q for the quarter ended June 30, 2004. It includes Unisys' consolidated financial statements, including their balance sheet, income statement, and statement of cash flows for the quarter. It also provides notes to the financial statements and breaks down revenue and operating results by business segment. The filing provides investors with Unisys' financial performance and position for the quarter according to US GAAP and SEC regulations.
- Unisys Corporation reported consolidated financial results for the second quarter and first half of 2004 compared to the same periods in 2003.
- Total revenue was $1.388 billion for Q2 2004 compared to $1.425 billion for Q2 2003. Net income was $19.4 million for Q2 2004 compared to $52.5 million for Q2 2003.
- For the first half of 2004, total revenue was $2.851 billion compared to $2.824 billion for the first half of 2003. Net income was $48.3 million for the first half of 2004 compared to $91 million for the same period of 2003.
This document is a Form 10-Q quarterly report filed by Unisys Corporation with the SEC for the quarter ended September 30, 2004. The report includes Unisys' consolidated financial statements and notes. It summarizes that for the quarter, Unisys reported revenue of $1.45 billion, operating income of -$38 million, and net income of $25.2 million. Additionally, the report notes a $82 million pretax restructuring charge related to headcount reductions of approximately 1,400 employees and facility consolidation.
The document provides financial information for Unisys Corporation, including revenue, costs, expenses, operating income, net income, and earnings per share for quarters ending September 30, 2004 and 2003 and year-to-date periods ending September 30, 2004 and 2003. It also includes balance sheet information as of September 30, 2004 and December 31, 2003 and cash flow information for the nine month periods ending September 30, 2004 and 2003.
This document is a Form 10-K filed by Unisys Corporation with the Securities and Exchange Commission for the fiscal year ended December 31, 2004. It provides an overview of Unisys' business operations, organizational structure, products and services, facilities, legal proceedings, executive officers, and financial performance. Unisys has two business segments - Services and Technology. It provides a variety of IT services and solutions, as well as proprietary servers and technologies. Key details in the filing include a description of Unisys' major markets, suppliers, patents, backlog, competition, research and development expenses, environmental matters, international presence, and available information.
- Unisys Corporation reported revenue of $1.524 billion for Q4 2004, down from $1.637 billion in Q4 2003, and revenue of $5.821 billion for 2004, down from $5.911 billion in 2003.
- Net income was $34.9 million loss for Q4 2004 compared to net income of $111.5 million in Q4 2003, and net income was $38.6 million for 2004 compared to $258.7 million in 2003.
- Cash and cash equivalents increased to $660.5 million at the end of 2004 from $635.9 million at the end of 2003.
This document is a SEC Form 10-Q filing for Unisys Corporation for the quarterly period ending March 31, 2005. It includes Unisys' consolidated balance sheets, statements of income, and statements of cash flows for the periods. For the quarter, Unisys reported a net loss of $45.5 million on revenue of $1.37 billion, compared to net income of $28.9 million on revenue of $1.46 billion in the same period the previous year. Cash and cash equivalents decreased to $441.6 million at the end of the quarter from $660.5 million at the end of 2004.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
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.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
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.
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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/
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
2. Forward-Looking Statements
Certain information in this presentation may be considered forward-looking information
within the meaning of the Private Securities Litigation Reform Act of 1995. This information
is based on the Company's current expectations and actual results could vary materially
depending on risks and uncertainties that may affect the Company's operations, markets,
services, prices and other factors as discussed in filings with the Securities and Exchange
Commission. These risks and uncertainties include, but are not limited to, industry and
economic conditions, competitive, legal, governmental and technological factors. There is
no assurance that the Company's expectations will be realized. The Company assumes
no obligation to update any forward-looking information contained in this presentation
should circumstances change, except as otherwise required by securities and other
applicable laws.
This presentation contains non-GAAP financial measures. A reconciliation to the
nearest U.S. GAAP financial measures is included at the end of the presentation.
2
3. Overview of First Quarter Results
Craig O. Morrison
Chairman, President & Chief Executive Officer
4. First Quarter 2007 Highlights
Hexion delivered a strong performance in Q107
Revenues increased 17% over prior year. Revenues increased 10%, net of acquisitions,
compared to prior year
Q107 operating income of $104 million compared to $110 million in prior year quarter. Last
year’s earnings, however, included a gain of $37 million on the sale of non-core assets, net of
which operating income was up 42 percent
Segment EBITDA(1) reached $170 million, a 29% increase compared to prior year
Hexion’s global diversification and technical service model has allowed it to offset the downturn in
North American housing and automotive markets
Flattening raw material prices have allowed the pricing, synergies and productivity initiatives to flow
to the bottom line
Hexion remains on track to achieve $175 million in targeted synergies
The Orica integration further diversified Hexion within the Asia Pacific Forest Products region and is
proceeding smoothly
Hexion’s Q107 results delivered a pro forma adjusted EBITDA of $679 million and an interest
coverage ratio of 2.34
Hexion Continues to Execute its Strategic and Operational Plan
(1) Segment EBITDA and Adjusted EBITDA are non-GAAP financial measures. The closest GAAP financial measure is Net Income (Loss). A table that reconciles these two measures is at the end of
this presentation. Management believes that Adjusted EBITDA is meaningful to investors because maintaining a minimum ratio of Adjusted EBITDA to Fixed Charges is a covenant that is contained
4
in Hexion’s loan agreements. Last Twelve Month (LTM) Adjusted EBITDA includes $94 million of in-process Hexion synergies and $23 million of acquisition adjustments.
5. Quarterly Results Driven by Diversified Portfolio
and Global Customer Base
Hexion Results
Quarter Ended March 31
∆
2006 2007
($ in millions)
↑ 17%
Revenue $1,233 $1,438
Q106 includes $37
Operating million gain on the sale
110 104 (5%)
Income of non-core assets
Q106 includes $31
million gain on an after-
Net income 35 4 nm tax basis on sale of non-
core assets
Segment
↑ 29%
132 170
EBITDA (1)
(1) Segment EBITDA excludes in-process synergies and the pro forma effect of acquisitions.
5
6. Strong Revenue Growth in Q107
Net Sales
1Q07 vs. 1Q06
Summary:
Epoxy & An emphasis on price initiatives drove
Phenolic 11% strong revenue growth across all
Resins
segments
Forest & Robust volumes in specialty product
16%
Formaldehyde
lines drove positive mix
Products
Coatings and Inks results largely
Coatings 32% driven by Akzo and Rhodia
& Inks
acquisitions
Performance
10%
Products
Continued Across-the-Board Segment Revenue Growth
6
7. Segment EBITDA Trends Positive in Q107
Segment EBITDA
1Q07 vs. 1Q06
Summary:
Strong Segment EBITDA improvement
across all areas of portfolio.
32%
EPRD
EPRD driven by a robust epoxy market
and disciplined pricing strategies
26%
FFP
FFP offset the N. American housing
downturn through global diversification
25%
C&I
and flattening raw material prices
SG&A expenses as percentage of
PP sales improved to 6.95% in Q107
13%
compared to 7.62% in Q106
EBITDA margin improvement of 100
basis points driven by ongoing pricing
and synergies
(1) Segment EBITDA excludes in-process synergies and the pro forma effect of acquisitions.
7
8. Volatile Raw Material Environment in Q107
A flattening of the raw material index allowed for pricing, synergy and productivity initiatives to fall to the
bottom line.
Total Hexion composite raw material index increased 24% year-over-year
Q107 average prices compared to Q106:
phenol ↑ 17%, methanol ↑ 56%, and urea ↑ 35%
Contractual lead-lag: $1 million positive impact in Q107
Ongoing focus on pricing actions to compensate for the rapid rise in raw materials
Anticipate favorable trends over balance of 2007, but prices remain volatile
Hexion Composite Raw Material Index
1.4
1.3
1.2
1.1
1.0
Q1 Q2 Q3 Q4 Q1
2006 2007 Source: CMAI data.
Certain Key Raws Currently Remain at or near Historical Highs 8
9. On Track to Achieve $175 Million in Synergies
Achieved
Summary:
($ millions)
$125
Achieved $11 million in targeted
synergies in Q107
$70 Anticipate achieving $125 million in
synergies by year-end 2007
Synergy achievement remains an
ongoing focus of senior management
team
Targeted Synergy Focus Areas
FY ’07
FY ’06A
Est.
Sourcing M anufacturing SG&A
$33 mm
Sourcing
$75 mm
Manufacturing
As of As of As of
FY05 FY06 Q107 SG&A
$67 mm
Achieved Synergies $20 $70 $81
Unrealized Synergies $155 $105 $94
Hexion Continues to Achieve Targeted Synergies 9
11. Epoxy and Phenolic Resins Segment Highlights
Some relief in phenol
Quarter Ended March 31 pricing sequentially from
Q406 and solid demand in
Q107 from certain product
∆
2007 2006
($ in millions) lines helped improve
segment margins
↑ 11%
Revenue $582 $526
Continued strength in
European and Specialty
Segment Epoxy businesses
↑ 32%
$96 $73
EBITDA
Strong performance in
versatic acid and
derivatives
Q107 Sales Comparison YOY
Volume Price/Mix Currency Acquisitions/ Total
Translation Divestitures
(1%) 6% 6% -- 11%
11
12. Formaldehyde and Forest Product Resins
Segment Highlights
Segment results driven by our
ability to pass through higher
Quarter Ended March 31
phenol and methanol costs,
strong international volumes
∆
2007 2006 and cost control initiatives
($ in millions)
Orica and Wright Chemical
↑ 16%
Revenue $413 $356 added $3.4 million in Q107
Segment EBITDA
Segment
↑ 26%
$43 $34
EBITDA
Q107 Sales Comparison YOY
Volume Price/Mix Currency Acquisitions/ Total
Translation Divestitures
(9%) 19% 1% 5% 16%
12
13. Coatings and Inks Segment Highlights
Stronger pricing partially
Quarter Ended March 31 offset by N. American
housing market adversely
impacting coating volumes
∆
2007 2006
($ in millions)
Additional progress in site
↑ 32% rationalization efforts in
Revenue $343 $260
Hamburg (Germany),
Mölndal (Sweden) and
Segment Lynwood, California
↑ 25%
$25 $20
EBITDA
Site rationalizations
underscore move for
Hexion to bolster
waterborne and powder
Q107 Sales Comparison YOY
coating systems versus
Volume Price/Mix Currency Acquisitions/ Total
solvent-borne
Translation Divestitures
technologies
(5%) 6% 5% 26% 32%
13
14. Performance Products Segment Highlights
Quarter Ended March 31 Oilfield products
continued to deliver
strong volume and
∆
2007 2006
($ in millions)
pricing performance
↑ 10%
Revenue $100 $91 Segment volume
decline driven primarily
by foundry products
Segment
↑ 13%
$18 $ 16 reflecting the
EBITDA
N. American auto
slowdown
Q107 Sales Comparison YOY
Volume Price/Mix Currency Acquisitions/ Total
Translation Divestitures
(1%) 10% 1% -- 10%
14
15. Balance Sheet Update
Q107 cash flow impacted by:
Acquisition of Orica Adhesives & Resins business
(Accounted for $63 million of $110 million increase in borrowings)
Working capital investments in business growth, including global wind
energy markets
Maintaining capital expenditure targets of $120 million in 2007
Cash plus borrowing availability of $187 million at March 31, 2007
Net Debt Outstanding as of Q107 Totals $3.4 Billion
15
17. Summary
Strong quarterly revenue and Segment EBITDA performance compared to prior
year period from Hexion’s diversified portfolio and demand from international
markets
Continued focus on pricing actions to recapture the escalating raw material trend
Progress toward completing $175 million in synergies continues as planned
Hexion continues to focus on expanding its international footprint
Orica integration is proceeding smoothly following February 1st transaction
completion
Hexion’s Q107 results delivered a pro forma adjusted EBITDA of $679 million and
an interest coverage ratio of 2.34
Hexion Continues to Execute its Strategic and Operational Plan
17
19. Reconciliation of Non-GAAP Financial Measures
Three months ended March 31
Segment EBITDA
2007 2006
Epoxy and Phenolic Resins 96 73
$ $
Formaldehyde and Forest Product Resins 43 34
Coatings and Inks 25 20
Performance Products 18 16
Corporate and Other (12) (11)
170 132
T otal
Reconciliation:
Items not included in Segment EBITDA
Transaction costs (3)
Integration costs (9) (10)
Non-cash charges (6) (7)
Unusual items:
Gain on sale of business 37
Purchase accounting effects/inventory step-up (1)
Business realignments (6)
Other (1) (2)
Total unusual items (7) 34
Total adjustments (22) 14
Interest expense, net (76) (54)
Income tax benefit (expense) (21) (19)
Depreciation and amortization (47) (38)
$ $
Net income (loss) 4 35
19
20. Fixed Charge Covenant Calculations
Year ended Dec. 31 LTM Period
2006
Reconciliation of Net Loss to Adj. EBIT DA
$ (109) $ (140)
Net loss
Income taxes 14 16
Interest expense, net 242 264
Loss from extinguishment of debt 121 121
Depreciation and amortization expense 171 180
EBITDA 439 441
Adjustments to EBIT DA
Acquisitions EBITDA (1) 35 23
Transaction costs (2) 20 17
Integration costs (3) 57 56
Non-cash charges (4) 22 21
Unusual items:
Gain on divestiture of business (39) (2)
Purchase accounting effects/inventory step-up 3 2
Discontinued operations 14 14
Business realignments (2) 4
Other (5) 10 9
Total unusual items (14) 27
In process Synergies 105 94
(6)
Adjusted EBITDA 664 679
(7)
Fixed Charges $ 290 290
$
(8)
Ratio of Adj. EBITDA to Fixed Charges 2.29 2.34
20
21. Fixed Charge Covenant Calculations cont.
Footnotes
(1) Represents incremental EBITDA from the Orica adhesives & resins (A&R) acquisition as if it had taken place at
the beginning of the period.
(2) Represents the write-off of deferred accounting, legal and printing costs from the Company’s proposed IPO, as
well as costs associated with terminated acquisition activities.
(3) Represents redundancy and plant rationalization costs and incremental administrative costs from integration
programs. Also includes costs to implement a single, company-wide management information and accounting
system.
(4) Includes non-cash charges for impairments of fixed assets, stock-based compensation, and unrealized foreign
exchange and derivative losses.
(5) Includes the impact of the announced exit from the European solvent coating resins business, one-time benefit
plan costs and management fees.
(6) Represents estimated net unrealized synergy savings resulting from the Hexion formation.
(7) We are required to have an Adjusted EBITDA to Fixed Charges ratio of greater than 2.0 to 1.0 to incur additional
indebtedness under our indenture for the Second Priority Senior Secured Notes. As of March 31, 2007, we were able
to satisfy this covenant and incur additional indebtedness under this indenture.
(8) The fixed charges reflect pro forma interest expense as if the Orica A&R Acquisition and the amendment of our
May 2006 senior secured credit facilities, which occurred on January 31, 2007 and November 3, 2006, respectively,
had taken place at the beginning of the period.
21
22. Debt Outstanding at March 31, 2007
($ in millions)
3/31/2007 12/31/2006
$
$
Revolving Credit Facilities 80 23
Senior Secured Notes:
9.75% Second-priority senior secured notes due 2014 625 625
Floating rate second-priority senior secured notes due 2014 200 200
Credit Agreements:
Floating rate term loans due 2013 1,990 1,995
Debentures:
9.2% debentures due 2021 115 115
7.875% debentures 2023 247 247
Sinking fund debentures: 8.375% due 2016 78 78
Other Borrowings:
Industrial Revenue Bonds due 2009 34 34
Capital Leases 11 11
Other 114 64
Total debt 3,494 3,392
$ $
22