This document brings together a set of latest data points and publicly available information relevant for Manufacturing Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
I-Bytes Telecommunication, Media & TechnologyEGBG Services
The document is an August 2019 edition of an IT company's newsletter called "I-Bytes" covering the telecommunications, media, and technology industry. It includes several financial updates from major companies in that industry such as Apple, Arista Networks, BCE, Corning, Crown Castle, Discovery, Fiserv, Flex, and Interpublic, reporting their recent quarterly revenues, earnings, growth rates, and executive commentary on performance. The newsletter is published by ITShades.com to share latest industry data and information with readers.
Bell Canada and the City of Hamilton are pleased to announce they will be moving forward together with
a Bell investment of approximately $400 million to expand broadband Internet access in urban and rural
areas of Hamilton, the largest digital infrastructure investment in the City's history. Over the next five years,
Bell and a Bell-funded team of City of Hamilton staff will bring direct fibre network connections to more
than 200,000 homes and business locations throughout the City with zero cost to taxpayers. The network
will provide consumers with access to data speeds up to 1.5 gigabits per second, the fastest home Internet
speeds in Canada. Working in partnership with the Hamilton Chamber of Commerce's Digital Infrastructure
Task Force, gaps in digital infrastructure across the community were identified. Subsequently, the City
worked to increase investment in digital infrastructure to address the gaps. As part of the plan to enhance
Hamilton's standing as a Digital City, Mayor Eisenberger requested that broadband speeds be enhanced for
all of urban Hamilton, business parks and major commercial areas, and rural areas in the community. In
addition to premium network support for the City's business community, the Bell project includes the
expansion of high-speed Bell Wireless Home Internet service to 8,000 homes in rural Hamilton. This
innovative 5G capable technology delivered over Bell's advanced LTE wireless network provides
broadband residential Internet access for small towns, farming communities and other less populated
locations. Bell will work in close cooperation with the City and local contractors, including Aecon, Telecon
and Sentrex, to employ innovative techniques to minimize disruption to residents and businesses
throughout the project. The majority of the network build will consist of new fibre installed underground,
with additional fibre located on Bell, Hydro One and Alectra Utilities poles.
This document brings together a set of latest data points and publicly available information relevant for Technology Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
A study on the growth of BPO industry in India.This paper contains the different aspects of BPO industry in India and The main reasons behind th egrowth of BPO industry in India,
This document analyzes AT&T's strategy using Porter's Five Forces analysis and a PESTEL analysis. It finds that the threats of new entrants and substitute products are high for AT&T due to capital costs, market competition, and price wars between providers. However, the bargaining power of suppliers is low. It also examines AT&T's value chain, core competencies, competitive advantages in services, and corporate strategy of vertical integration. Recommendations include vertically integrating security platforms, expanding IP services, and unifying wireline and wireless offerings.
This document brings together a set
of latest data points and publicly
available information relevant for
Hybrid Cloud Infrastructure Industry. We are very excited to share
this content and believe that readers
will benefit from this periodic
publication immensely.
The document discusses the growing potential for grid parity of solar power in India. It predicts that utility-scale grid parity could occur earlier than previously estimated, between 2017-2019. This is due to steep falls in solar panel prices and rising costs of conventional electricity. Grid parity may also be reached earlier for commercial and industrial consumers, whose tariffs have risen above the delivered cost of solar power in some areas. The document recommends that government and utilities encourage the rooftop solar market to help address power shortages and high utility losses, through policies like net metering.
This document brings together a set of latest data points and publicly available information relevant for Technology Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
I-Bytes Telecommunication, Media & TechnologyEGBG Services
The document is an August 2019 edition of an IT company's newsletter called "I-Bytes" covering the telecommunications, media, and technology industry. It includes several financial updates from major companies in that industry such as Apple, Arista Networks, BCE, Corning, Crown Castle, Discovery, Fiserv, Flex, and Interpublic, reporting their recent quarterly revenues, earnings, growth rates, and executive commentary on performance. The newsletter is published by ITShades.com to share latest industry data and information with readers.
Bell Canada and the City of Hamilton are pleased to announce they will be moving forward together with
a Bell investment of approximately $400 million to expand broadband Internet access in urban and rural
areas of Hamilton, the largest digital infrastructure investment in the City's history. Over the next five years,
Bell and a Bell-funded team of City of Hamilton staff will bring direct fibre network connections to more
than 200,000 homes and business locations throughout the City with zero cost to taxpayers. The network
will provide consumers with access to data speeds up to 1.5 gigabits per second, the fastest home Internet
speeds in Canada. Working in partnership with the Hamilton Chamber of Commerce's Digital Infrastructure
Task Force, gaps in digital infrastructure across the community were identified. Subsequently, the City
worked to increase investment in digital infrastructure to address the gaps. As part of the plan to enhance
Hamilton's standing as a Digital City, Mayor Eisenberger requested that broadband speeds be enhanced for
all of urban Hamilton, business parks and major commercial areas, and rural areas in the community. In
addition to premium network support for the City's business community, the Bell project includes the
expansion of high-speed Bell Wireless Home Internet service to 8,000 homes in rural Hamilton. This
innovative 5G capable technology delivered over Bell's advanced LTE wireless network provides
broadband residential Internet access for small towns, farming communities and other less populated
locations. Bell will work in close cooperation with the City and local contractors, including Aecon, Telecon
and Sentrex, to employ innovative techniques to minimize disruption to residents and businesses
throughout the project. The majority of the network build will consist of new fibre installed underground,
with additional fibre located on Bell, Hydro One and Alectra Utilities poles.
This document brings together a set of latest data points and publicly available information relevant for Technology Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
A study on the growth of BPO industry in India.This paper contains the different aspects of BPO industry in India and The main reasons behind th egrowth of BPO industry in India,
This document analyzes AT&T's strategy using Porter's Five Forces analysis and a PESTEL analysis. It finds that the threats of new entrants and substitute products are high for AT&T due to capital costs, market competition, and price wars between providers. However, the bargaining power of suppliers is low. It also examines AT&T's value chain, core competencies, competitive advantages in services, and corporate strategy of vertical integration. Recommendations include vertically integrating security platforms, expanding IP services, and unifying wireline and wireless offerings.
This document brings together a set
of latest data points and publicly
available information relevant for
Hybrid Cloud Infrastructure Industry. We are very excited to share
this content and believe that readers
will benefit from this periodic
publication immensely.
The document discusses the growing potential for grid parity of solar power in India. It predicts that utility-scale grid parity could occur earlier than previously estimated, between 2017-2019. This is due to steep falls in solar panel prices and rising costs of conventional electricity. Grid parity may also be reached earlier for commercial and industrial consumers, whose tariffs have risen above the delivered cost of solar power in some areas. The document recommends that government and utilities encourage the rooftop solar market to help address power shortages and high utility losses, through policies like net metering.
This document brings together a set of latest data points and publicly available information relevant for Technology Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
Financial Results for the First Half of the Fiscal Year Ending March 2019KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
TIM Brasil's 4Q19 institutional presentation provides an overview of the company, the Brazilian telecommunications market, TIM's strategy and financial results. Some key points:
- TIM is Brazil's second largest mobile service provider and has the best 4G network coverage nationwide. It is expanding its fiber network and residential broadband customer base.
- The Brazilian economy showed slow recovery in 2019 but structural drivers point to improving conditions. Mobile internet usage is growing while traditional fixed services decline.
- TIM's strategy focuses on leveraging infrastructure investments, expanding fiber broadband and driving digital transformation. In 4Q19 it achieved its highest ever EBITDA and margin as well as strong cash flow growth.
This is my presentation of VERIZON COM. INC (VZ). I also analyze AT&T (T), T-Mobile (TMUS) and Sprint (S). I predict the acquisition of T-Mobile by Sprint. In addition, I warn VZ to buy content companies like Netflix in order to fight future telecom-content players like AT&T, Google and Facebook.
This document brings together a set
of latest data points and publicly
available information relevant for
IoT & AR Services Industry. We are
very excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
Global R&D spending increased in FY2011 after declining in FY2010. North America and Europe accounted for the majority of R&D spending at 36% and 34% respectively, though spending increased significantly in Asia Pacific as well. Several industries like telecom, electronics, and automotive saw marginal increases in R&D spending while industrial sector spending declined. About 30% of the top 1000 global R&D spenders have centers in India, particularly companies headquartered in Europe, North America, and Asia Pacific across industries like software, semiconductors, and automotive.
This document provides an overview of the Indian cable television industry and challenges faced by Multiple System Operators (MSOs). It discusses how new technologies and the increasing demand for quality viewer experiences are creating opportunities for MSOs. However, MSOs face challenges like competition from other distributors, a shortage of set-top boxes, and low average revenue per user. The document recommends that MSOs adopt new business models and technologies like video on demand and over-the-top services to remain competitive in the evolving market.
The document provides an overview of IT recruitment and salary trends in the UK for February 2012. Some key points:
- Both permanent and contract IT vacancies increased in February, with permanent roles rising across most sectors including retail and public sector.
- Retail vacancies increased due to Olympic preparations, while public sector hiring shifted from contractors to permanent staff.
- Telecoms and media saw increases in both permanent and contract roles.
- Permanent salaries rose slightly while contractor pay increased more substantially, with interim directors and SAP professionals seeing high demand.
This report analyzes the US wireless telecommunications industry. It finds the industry is highly competitive with the four major players being Verizon, AT&T, T-Mobile, and Sprint. Porter's Five Forces analysis reveals intense rivalry between these competitors and high bargaining power of suppliers. Technological innovation and customer satisfaction are key success factors. The industry faces challenges from new entrants like Google and Apple but remains attractive due to continued demand for wireless services and technological advances.
Vodafone is a major global telecommunications company headquartered in the UK. It provides mobile services to over 19 million customers in the UK and has business partnerships in over 65 countries. The document discusses Vodafone's background, products, partnerships, and market position in the UK telecommunications industry. It then analyzes Vodafone's implementation of e-business initiatives such as an ERP system, CRM database, and financial reporting platform to automate processes and enhance operations.
This document brings together a set of latest data points and publicly available information relevant for IOT & AR. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
The document provides updates on solutions from various technology companies. It describes AMD releasing new 2nd Gen EPYC processors on Amazon Web Services that deliver more computing power. It also details AMD contributing a cloud-based HPC system to researchers combating COVID-19. Additionally, it outlines Alps Alpine presenting a touchless control panel proposal and boosting production of ventilator control devices.
Capstone Project: Verizon Strategic Analysis and Acquisition ProposalKimber Davis
For my UCF Capstone presentation, my team and I analyzed Verizon's current position and identified a possible acquisition within their business connectivity sector. We then create a comprehensive implementation plan to ensure a smooth acquisition.
Ericsson: Latam Insights, June 2015 - Leading the way in the Networked SocietyEricsson Latin America
The world is becoming increasingly connected and ICT is starting
to fundamentally transform large parts of society. Networks are
now relevant not only to people using their smartphones, but also
businesses and society as a whole.
As an industry leader, Ericsson has set out a clear long-term
commitment to leadership and driving change through mobility in
an evolving ICT landscape. Many of the solutions we see in
today’s Networked Society seemed unbelievable not too long ago.
In our latest Insights brochure, we take a look at some of our
regional projects, alongside highlights from the Ericsson Mobility
Report and ConsumerLab reports. In addition, we share the latest
consumer and market trends currently driving the transformation
journey.
The IT industry in India has grown significantly over the past three decades, transitioning from start-ups providing application development and maintenance services to global players providing a wide range of IT services. Indian IT companies are expected to focus on strategic acquisitions and non-linear revenue streams to deal with challenges like wage inflation and pressure on billing rates. While the domestic market is growing, exports remain more attractive due to higher margins and larger contracts. Cloud computing is seen as a way to take on challenges through cost savings, ease of implementation and optimized resource use.
The CEO of Ethio Telecom gave a keynote address at the 2018 Innovation Africa Digital Summit in Addis Ababa. He discussed Ethio Telecom's transformation, commitment to rural connectivity, and persistence in moving forward with revolution. Key points included massive network expansion through vendor financing, designing a new organization structure and processes, building capable staff, and laying off excess staff who formed their own successful business. The CEO expressed commitment to providing universal access and advancing technologies while prioritizing high quality customer service. Overall goals are accommodating growth, introducing new services, and becoming more customer-focused to support Ethiopia's economy.
Singtel has embarked on a strategic reset to capture untapped digital growth in the 5G era. The reset prioritizes three areas:
1) Reinvigorating the core by leveraging 5G leadership to grow 5G market share in consumer and enterprise segments. This involves innovating consumer products/services and growing digital lifestyle businesses, as well as co-creating 5G enterprise services.
2) Developing new growth engines by recasting NCS as an Asian B2B digital services champion and building out ASEAN digital ecosystems with regional associates.
3) Unlocking value from quality infrastructure assets like towers, satellites and data centres to invest in critical infrastructure and drive growth.
The
This document brings together a set
of latest data points and publicly
available information relevant for
Technology Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Telecommunication & Media. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
Financial Results for the First Half of the Fiscal Year Ending March 2019KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
TIM Brasil's 4Q19 institutional presentation provides an overview of the company, the Brazilian telecommunications market, TIM's strategy and financial results. Some key points:
- TIM is Brazil's second largest mobile service provider and has the best 4G network coverage nationwide. It is expanding its fiber network and residential broadband customer base.
- The Brazilian economy showed slow recovery in 2019 but structural drivers point to improving conditions. Mobile internet usage is growing while traditional fixed services decline.
- TIM's strategy focuses on leveraging infrastructure investments, expanding fiber broadband and driving digital transformation. In 4Q19 it achieved its highest ever EBITDA and margin as well as strong cash flow growth.
This is my presentation of VERIZON COM. INC (VZ). I also analyze AT&T (T), T-Mobile (TMUS) and Sprint (S). I predict the acquisition of T-Mobile by Sprint. In addition, I warn VZ to buy content companies like Netflix in order to fight future telecom-content players like AT&T, Google and Facebook.
This document brings together a set
of latest data points and publicly
available information relevant for
IoT & AR Services Industry. We are
very excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
Global R&D spending increased in FY2011 after declining in FY2010. North America and Europe accounted for the majority of R&D spending at 36% and 34% respectively, though spending increased significantly in Asia Pacific as well. Several industries like telecom, electronics, and automotive saw marginal increases in R&D spending while industrial sector spending declined. About 30% of the top 1000 global R&D spenders have centers in India, particularly companies headquartered in Europe, North America, and Asia Pacific across industries like software, semiconductors, and automotive.
This document provides an overview of the Indian cable television industry and challenges faced by Multiple System Operators (MSOs). It discusses how new technologies and the increasing demand for quality viewer experiences are creating opportunities for MSOs. However, MSOs face challenges like competition from other distributors, a shortage of set-top boxes, and low average revenue per user. The document recommends that MSOs adopt new business models and technologies like video on demand and over-the-top services to remain competitive in the evolving market.
The document provides an overview of IT recruitment and salary trends in the UK for February 2012. Some key points:
- Both permanent and contract IT vacancies increased in February, with permanent roles rising across most sectors including retail and public sector.
- Retail vacancies increased due to Olympic preparations, while public sector hiring shifted from contractors to permanent staff.
- Telecoms and media saw increases in both permanent and contract roles.
- Permanent salaries rose slightly while contractor pay increased more substantially, with interim directors and SAP professionals seeing high demand.
This report analyzes the US wireless telecommunications industry. It finds the industry is highly competitive with the four major players being Verizon, AT&T, T-Mobile, and Sprint. Porter's Five Forces analysis reveals intense rivalry between these competitors and high bargaining power of suppliers. Technological innovation and customer satisfaction are key success factors. The industry faces challenges from new entrants like Google and Apple but remains attractive due to continued demand for wireless services and technological advances.
Vodafone is a major global telecommunications company headquartered in the UK. It provides mobile services to over 19 million customers in the UK and has business partnerships in over 65 countries. The document discusses Vodafone's background, products, partnerships, and market position in the UK telecommunications industry. It then analyzes Vodafone's implementation of e-business initiatives such as an ERP system, CRM database, and financial reporting platform to automate processes and enhance operations.
This document brings together a set of latest data points and publicly available information relevant for IOT & AR. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
The document provides updates on solutions from various technology companies. It describes AMD releasing new 2nd Gen EPYC processors on Amazon Web Services that deliver more computing power. It also details AMD contributing a cloud-based HPC system to researchers combating COVID-19. Additionally, it outlines Alps Alpine presenting a touchless control panel proposal and boosting production of ventilator control devices.
Capstone Project: Verizon Strategic Analysis and Acquisition ProposalKimber Davis
For my UCF Capstone presentation, my team and I analyzed Verizon's current position and identified a possible acquisition within their business connectivity sector. We then create a comprehensive implementation plan to ensure a smooth acquisition.
Ericsson: Latam Insights, June 2015 - Leading the way in the Networked SocietyEricsson Latin America
The world is becoming increasingly connected and ICT is starting
to fundamentally transform large parts of society. Networks are
now relevant not only to people using their smartphones, but also
businesses and society as a whole.
As an industry leader, Ericsson has set out a clear long-term
commitment to leadership and driving change through mobility in
an evolving ICT landscape. Many of the solutions we see in
today’s Networked Society seemed unbelievable not too long ago.
In our latest Insights brochure, we take a look at some of our
regional projects, alongside highlights from the Ericsson Mobility
Report and ConsumerLab reports. In addition, we share the latest
consumer and market trends currently driving the transformation
journey.
The IT industry in India has grown significantly over the past three decades, transitioning from start-ups providing application development and maintenance services to global players providing a wide range of IT services. Indian IT companies are expected to focus on strategic acquisitions and non-linear revenue streams to deal with challenges like wage inflation and pressure on billing rates. While the domestic market is growing, exports remain more attractive due to higher margins and larger contracts. Cloud computing is seen as a way to take on challenges through cost savings, ease of implementation and optimized resource use.
The CEO of Ethio Telecom gave a keynote address at the 2018 Innovation Africa Digital Summit in Addis Ababa. He discussed Ethio Telecom's transformation, commitment to rural connectivity, and persistence in moving forward with revolution. Key points included massive network expansion through vendor financing, designing a new organization structure and processes, building capable staff, and laying off excess staff who formed their own successful business. The CEO expressed commitment to providing universal access and advancing technologies while prioritizing high quality customer service. Overall goals are accommodating growth, introducing new services, and becoming more customer-focused to support Ethiopia's economy.
Singtel has embarked on a strategic reset to capture untapped digital growth in the 5G era. The reset prioritizes three areas:
1) Reinvigorating the core by leveraging 5G leadership to grow 5G market share in consumer and enterprise segments. This involves innovating consumer products/services and growing digital lifestyle businesses, as well as co-creating 5G enterprise services.
2) Developing new growth engines by recasting NCS as an Asian B2B digital services champion and building out ASEAN digital ecosystems with regional associates.
3) Unlocking value from quality infrastructure assets like towers, satellites and data centres to invest in critical infrastructure and drive growth.
The
This document brings together a set
of latest data points and publicly
available information relevant for
Technology Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Telecommunication & Media. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Technology Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Business Services Industry. We are
very excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Digital Customer Expierence. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Manufacturing Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Technology Industry. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Technology Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Hybrid Cloud Infrastructure Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Technology Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Automotive Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely,
This document brings together a set
of latest data points and publicly
available information relevant for
IoT & AR Services Industry. We are
very excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
The document provides financial and operational updates from several major energy companies:
- Occidental Petroleum completed its acquisition of Anadarko and debt repayments, achieving production guidance.
- Marathon Petroleum reported income of $1.1 billion and generated $2.8 billion in operating cash flow.
- Apache Corporation exceeded production guidance and is drilling its first well offshore Suriname.
- BP's underlying replacement cost profit was $2.3 billion, impacted by lower prices and hurricane impacts. BP also invested in mobility startup MaaS Global.
- Intuit reported financial results for Q4 and full fiscal year 2020. Revenue grew to $1.8 billion in Q4, up from $994 million in the prior year. Revenue from the Consumer Group was $710 million, while the Small Business and Self-Employed Group revenue increased 16% to $1.0 billion.
- For the full fiscal year, revenue grew 13% to $7.1 billion. Net income increased 28% to $2.0 billion.
- Intuit expects revenue growth of 6-8% for fiscal year 2021, driven by growth across its business segments and continued innovation.
This document brings together a set
of latest data points and publicly
available information relevant for
Hybrid Cloud Infrastructure
Technology. We are very excited to
share this content and believe that
readers will benefit from this
periodic publication immensely.
NVIDIA announced it will acquire Arm Limited from SoftBank Group for $40 billion to create a global leader in AI computing. Cisco announced its intent to acquire BabbleLabs to improve video meeting experiences by removing unwanted background noise using AI. Dell Technologies reported second quarter results with revenue of $22.7 billion, driven by demand for remote work and learning solutions. Fastly announced an agreement to acquire Signal Sciences for $775 million in cash and stock to expand its security offerings. Hitachi Vantara introduced updates to its hyperconverged infrastructure portfolio including new lifecycle management capabilities and support for SAP HANA workloads. Infoblox announced an investment from Warburg Pincus to help accelerate its growth and innovation.
This document brings together a set
of latest data points and publicly
available information relevant for
Technology Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Telecommunication & Media Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Manufacturing Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant Manufacturing for. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Consulting & IT Services Industry.
We are very excited to share this
content and believe that readers will
benefit from this periodic publication
immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Agile & AI Operations Industry. We
are very excited to share this content
and believe that readers will benefit
from this periodic publication
immensely.
T-Byte Hybrid Cloud Infrastructure July 2021EGBG Services
This document brings together a set
of latest data points and publicly
available information relevant for
Hybrid Cloud Infrastructure
Industry. We are very excited to share
this content and believe that readers
will benefit from this periodic
publication immensely.
- Amdocs was named a 2021 Global Amazon Web Services (AWS) Partner Network (APN) Public Sector Partner Award winner for its CES suite.
- The award recognizes Amdocs' role in helping customers drive innovation and build solutions using AWS cloud technology.
- Amdocs' next-generation cloud-native CES portfolio allows communications service providers to safely and rapidly transition from legacy systems to a microservices-based suite built on AWS services.
T-Byte Digital Customer Experience July 2021EGBG Services
This document brings together a set
of latest data points and publicly
available information relevant for
Digital Customer Experience
Industry. We are very excited to share
this content and believe that readers
will benefit from this periodic
publication immensely
This document brings together a set
of latest data points and publicly
available information relevant for
IoT & AR Services Industry. We are
very excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Banking Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Manufacturing Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
The document provides updates related to solutions, rewards and recognition in the hospitality industry. It summarizes new programs launched by various hotel chains to support diversity, community initiatives and environmental sustainability. It also recognizes awards and honors received by some hotel companies for their inclusion and wellness programs. The document contains information that would be useful for hospitality industry professionals.
IT Shades publishes an "I-Bytes" monthly newsletter focused on the automotive industry. The July 2021 edition includes the following:
- An introduction and information about subscribing to IT Shades publications.
- Updates on recent mergers and acquisitions in the automotive industry, including BorgWarner acquiring 89.08% of AKASOL and Goodyear completing its acquisition of Cooper.
- New product solutions from automakers, such as Changan Automobile launching its Blue Core iDD hybrid system and Great Wall Motor releasing the 3rd gen HAVAL H6 SUV in Chile.
- Additional sections cover rewards and recognitions in the industry, customer success stories, partnership updates,
This document brings together a set
of latest data points and publicly
available information relevant for
Healthcare Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Resources Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Utilities Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Business Services Industry. We are
very excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Telecommunication & Media
Industry. We are very excited to share
this content and believe that readers
will benefit from this periodic
publication immensely.
Aeroflot's new airplane tableware design created by designers Chistiakov and Chistiakova won the prestigious Red Dot Award, presented annually by the design center in Essen, Germany for its Skopkar tableware concept in the Tableware category, with the jury appreciating the sense of style demonstrated by the leading Russian airline; the whole new tableware range, including porcelain, cutlery, glassware, textiles and paper products, was recognized with the award and has been rolled out across Aeroflot's fleet.
This document brings together a set
of latest data points and publicly
available information relevant for
Technology Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Energy Industry. We are very excited
to share this content and believe that
readers will benefit from this
periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Retail & Consumer Goods Industry.
We are very excited to share this
content and believe that readers will
benefit from this periodic publication
immensely.
IT Shades published its July 2021 edition of I-Bytes, a periodic publication covering insurance industry updates. The document includes sections on financial and M&A updates, solution updates, rewards and recognition updates, partnership ecosystem updates, environmental and social updates, and miscellaneous updates. IT Shades aims to engage and enable businesses, professionals, and students within the IT industry by sharing latest data and information relevant to the insurance sector. Readers are encouraged to provide feedback to help improve future editions.
5th LF Energy Power Grid Model Meet-up SlidesDanBrown980551
5th Power Grid Model Meet-up
It is with great pleasure that we extend to you an invitation to the 5th Power Grid Model Meet-up, scheduled for 6th June 2024. This event will adopt a hybrid format, allowing participants to join us either through an online Mircosoft Teams session or in person at TU/e located at Den Dolech 2, Eindhoven, Netherlands. The meet-up will be hosted by Eindhoven University of Technology (TU/e), a research university specializing in engineering science & technology.
Power Grid Model
The global energy transition is placing new and unprecedented demands on Distribution System Operators (DSOs). Alongside upgrades to grid capacity, processes such as digitization, capacity optimization, and congestion management are becoming vital for delivering reliable services.
Power Grid Model is an open source project from Linux Foundation Energy and provides a calculation engine that is increasingly essential for DSOs. It offers a standards-based foundation enabling real-time power systems analysis, simulations of electrical power grids, and sophisticated what-if analysis. In addition, it enables in-depth studies and analysis of the electrical power grid’s behavior and performance. This comprehensive model incorporates essential factors such as power generation capacity, electrical losses, voltage levels, power flows, and system stability.
Power Grid Model is currently being applied in a wide variety of use cases, including grid planning, expansion, reliability, and congestion studies. It can also help in analyzing the impact of renewable energy integration, assessing the effects of disturbances or faults, and developing strategies for grid control and optimization.
What to expect
For the upcoming meetup we are organizing, we have an exciting lineup of activities planned:
-Insightful presentations covering two practical applications of the Power Grid Model.
-An update on the latest advancements in Power Grid -Model technology during the first and second quarters of 2024.
-An interactive brainstorming session to discuss and propose new feature requests.
-An opportunity to connect with fellow Power Grid Model enthusiasts and users.
Best 20 SEO Techniques To Improve Website Visibility In SERPPixlogix Infotech
Boost your website's visibility with proven SEO techniques! Our latest blog dives into essential strategies to enhance your online presence, increase traffic, and rank higher on search engines. From keyword optimization to quality content creation, learn how to make your site stand out in the crowded digital landscape. Discover actionable tips and expert insights to elevate your SEO game.
HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-und-domino-lizenzkostenreduzierung-in-der-welt-von-dlau/
DLAU und die Lizenzen nach dem CCB- und CCX-Modell sind für viele in der HCL-Community seit letztem Jahr ein heißes Thema. Als Notes- oder Domino-Kunde haben Sie vielleicht mit unerwartet hohen Benutzerzahlen und Lizenzgebühren zu kämpfen. Sie fragen sich vielleicht, wie diese neue Art der Lizenzierung funktioniert und welchen Nutzen sie Ihnen bringt. Vor allem wollen Sie sicherlich Ihr Budget einhalten und Kosten sparen, wo immer möglich. Das verstehen wir und wir möchten Ihnen dabei helfen!
Wir erklären Ihnen, wie Sie häufige Konfigurationsprobleme lösen können, die dazu führen können, dass mehr Benutzer gezählt werden als nötig, und wie Sie überflüssige oder ungenutzte Konten identifizieren und entfernen können, um Geld zu sparen. Es gibt auch einige Ansätze, die zu unnötigen Ausgaben führen können, z. B. wenn ein Personendokument anstelle eines Mail-Ins für geteilte Mailboxen verwendet wird. Wir zeigen Ihnen solche Fälle und deren Lösungen. Und natürlich erklären wir Ihnen das neue Lizenzmodell.
Nehmen Sie an diesem Webinar teil, bei dem HCL-Ambassador Marc Thomas und Gastredner Franz Walder Ihnen diese neue Welt näherbringen. Es vermittelt Ihnen die Tools und das Know-how, um den Überblick zu bewahren. Sie werden in der Lage sein, Ihre Kosten durch eine optimierte Domino-Konfiguration zu reduzieren und auch in Zukunft gering zu halten.
Diese Themen werden behandelt
- Reduzierung der Lizenzkosten durch Auffinden und Beheben von Fehlkonfigurationen und überflüssigen Konten
- Wie funktionieren CCB- und CCX-Lizenzen wirklich?
- Verstehen des DLAU-Tools und wie man es am besten nutzt
- Tipps für häufige Problembereiche, wie z. B. Team-Postfächer, Funktions-/Testbenutzer usw.
- Praxisbeispiele und Best Practices zum sofortigen Umsetzen
Trusted Execution Environment for Decentralized Process MiningLucaBarbaro3
Presentation of the paper "Trusted Execution Environment for Decentralized Process Mining" given during the CAiSE 2024 Conference in Cyprus on June 7, 2024.
Ocean lotus Threat actors project by John Sitima 2024 (1).pptxSitimaJohn
Ocean Lotus cyber threat actors represent a sophisticated, persistent, and politically motivated group that poses a significant risk to organizations and individuals in the Southeast Asian region. Their continuous evolution and adaptability underscore the need for robust cybersecurity measures and international cooperation to identify and mitigate the threats posed by such advanced persistent threat groups.
Main news related to the CCS TSI 2023 (2023/1695)Jakub Marek
An English 🇬🇧 translation of a presentation to the speech I gave about the main changes brought by CCS TSI 2023 at the biggest Czech conference on Communications and signalling systems on Railways, which was held in Clarion Hotel Olomouc from 7th to 9th November 2023 (konferenceszt.cz). Attended by around 500 participants and 200 on-line followers.
The original Czech 🇨🇿 version of the presentation can be found here: https://www.slideshare.net/slideshow/hlavni-novinky-souvisejici-s-ccs-tsi-2023-2023-1695/269688092 .
The videorecording (in Czech) from the presentation is available here: https://youtu.be/WzjJWm4IyPk?si=SImb06tuXGb30BEH .
Ivanti’s Patch Tuesday breakdown goes beyond patching your applications and brings you the intelligence and guidance needed to prioritize where to focus your attention first. Catch early analysis on our Ivanti blog, then join industry expert Chris Goettl for the Patch Tuesday Webinar Event. There we’ll do a deep dive into each of the bulletins and give guidance on the risks associated with the newly-identified vulnerabilities.
Salesforce Integration for Bonterra Impact Management (fka Social Solutions A...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on integration of Salesforce with Bonterra Impact Management.
Interested in deploying an integration with Salesforce for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
Driving Business Innovation: Latest Generative AI Advancements & Success StorySafe Software
Are you ready to revolutionize how you handle data? Join us for a webinar where we’ll bring you up to speed with the latest advancements in Generative AI technology and discover how leveraging FME with tools from giants like Google Gemini, Amazon, and Microsoft OpenAI can supercharge your workflow efficiency.
During the hour, we’ll take you through:
Guest Speaker Segment with Hannah Barrington: Dive into the world of dynamic real estate marketing with Hannah, the Marketing Manager at Workspace Group. Hear firsthand how their team generates engaging descriptions for thousands of office units by integrating diverse data sources—from PDF floorplans to web pages—using FME transformers, like OpenAIVisionConnector and AnthropicVisionConnector. This use case will show you how GenAI can streamline content creation for marketing across the board.
Ollama Use Case: Learn how Scenario Specialist Dmitri Bagh has utilized Ollama within FME to input data, create custom models, and enhance security protocols. This segment will include demos to illustrate the full capabilities of FME in AI-driven processes.
Custom AI Models: Discover how to leverage FME to build personalized AI models using your data. Whether it’s populating a model with local data for added security or integrating public AI tools, find out how FME facilitates a versatile and secure approach to AI.
We’ll wrap up with a live Q&A session where you can engage with our experts on your specific use cases, and learn more about optimizing your data workflows with AI.
This webinar is ideal for professionals seeking to harness the power of AI within their data management systems while ensuring high levels of customization and security. Whether you're a novice or an expert, gain actionable insights and strategies to elevate your data processes. Join us to see how FME and AI can revolutionize how you work with data!
Programming Foundation Models with DSPy - Meetup SlidesZilliz
Prompting language models is hard, while programming language models is easy. In this talk, I will discuss the state-of-the-art framework DSPy for programming foundation models with its powerful optimizers and runtime constraint system.
Nunit vs XUnit vs MSTest Differences Between These Unit Testing Frameworks.pdfflufftailshop
When it comes to unit testing in the .NET ecosystem, developers have a wide range of options available. Among the most popular choices are NUnit, XUnit, and MSTest. These unit testing frameworks provide essential tools and features to help ensure the quality and reliability of code. However, understanding the differences between these frameworks is crucial for selecting the most suitable one for your projects.
Letter and Document Automation for Bonterra Impact Management (fka Social Sol...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on automated letter generation for Bonterra Impact Management using Google Workspace or Microsoft 365.
Interested in deploying letter generation automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
Taking AI to the Next Level in Manufacturing.pdfssuserfac0301
Read Taking AI to the Next Level in Manufacturing to gain insights on AI adoption in the manufacturing industry, such as:
1. How quickly AI is being implemented in manufacturing.
2. Which barriers stand in the way of AI adoption.
3. How data quality and governance form the backbone of AI.
4. Organizational processes and structures that may inhibit effective AI adoption.
6. Ideas and approaches to help build your organization's AI strategy.
Your One-Stop Shop for Python Success: Top 10 US Python Development Providersakankshawande
Simplify your search for a reliable Python development partner! This list presents the top 10 trusted US providers offering comprehensive Python development services, ensuring your project's success from conception to completion.
In the rapidly evolving landscape of technologies, XML continues to play a vital role in structuring, storing, and transporting data across diverse systems. The recent advancements in artificial intelligence (AI) present new methodologies for enhancing XML development workflows, introducing efficiency, automation, and intelligent capabilities. This presentation will outline the scope and perspective of utilizing AI in XML development. The potential benefits and the possible pitfalls will be highlighted, providing a balanced view of the subject.
We will explore the capabilities of AI in understanding XML markup languages and autonomously creating structured XML content. Additionally, we will examine the capacity of AI to enrich plain text with appropriate XML markup. Practical examples and methodological guidelines will be provided to elucidate how AI can be effectively prompted to interpret and generate accurate XML markup.
Further emphasis will be placed on the role of AI in developing XSLT, or schemas such as XSD and Schematron. We will address the techniques and strategies adopted to create prompts for generating code, explaining code, or refactoring the code, and the results achieved.
The discussion will extend to how AI can be used to transform XML content. In particular, the focus will be on the use of AI XPath extension functions in XSLT, Schematron, Schematron Quick Fixes, or for XML content refactoring.
The presentation aims to deliver a comprehensive overview of AI usage in XML development, providing attendees with the necessary knowledge to make informed decisions. Whether you’re at the early stages of adopting AI or considering integrating it in advanced XML development, this presentation will cover all levels of expertise.
By highlighting the potential advantages and challenges of integrating AI with XML development tools and languages, the presentation seeks to inspire thoughtful conversation around the future of XML development. We’ll not only delve into the technical aspects of AI-powered XML development but also discuss practical implications and possible future directions.
Deep Dive: Getting Funded with Jason Jason Lemkin Founder & CEO @ SaaStr
I-Bytes Manufacturing Industry
1. IT Shades
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I-Bytes
Manufacturing
November Edition 2019
Email us - solutions@itshades.com
Website : www.itshades.com
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About Us
Who We are Aim of this IByte Reasons to talk to us
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This document brings together a set
of latest data points and publicly
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Manufacturing Industry. We are very
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believe that readers will benefit from
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates................................................................................................................................................43
3. Rewards and Recognition Updates..................................................................................................................51
4. Customer Success Updates................................................................................................................................74
5. Partnership Ecosystem Updates.......................................................................................................................91
6. Event Updates....................................................................................................................................................129
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Financial, M & A
Updates Manufacturing Industry
6. Financial, M&A Updates
IT Shades
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3M (USA) Reports Third-Quarter 2019 Results
• Sales declined 2.0 percent year-on-year to $8.0 billion. Organic local-currency sales declined 1.3 percent while acquisitions,
net of divestitures, increased sales by 0.6 percent. Foreign currency translation reduced sales by 1.3 percent year-on-year.
• Total sales grew 4.7 percent in Health Care and 1.7 percent in Consumer, with declines of 4.4 percent in Transportation and
Electronics and 5.7 percent in Safety and Industrial. Organic local-currency sales increased 2.6 percent in Consumer and 2.0
percent in Health Care, with declines of 3.3 percent in Safety and Industrial, and 3.4 percent in Transportation and Electronics.
• On a geographic basis, total sales grew 0.8 percent in the U.S. and 0.6 percent in Latin America/Canada, with declines of 4.1
percent in EMEA (Europe, Middle East and Africa) and 5.0 percent in Asia Pacific. Organic local-currency sales increased 2.8
percent in Latin America/Canada and 2.0 percent in EMEA, with declines of 1.1 percent in the U.S. and 4.4 percent in Asia
Pacific
• Third-quarter GAAP earnings were $2.72 per share, an increase of 5.4 percent year-over-year, which included a benefit of
$0.14 per share from the divestiture of the gas and flame detection business.
• Third-quarter operating income was $2.0 billion including a benefit of $112 million from the divestiture of the gas and flame
detection business. Operating margins were 25.2 percent which includes a 1.4 percentage point benefit from the divestiture.
• The company’s operating cash flow was $2.0 billion, contributing to conversion of 106 percent of net income to free cash
flow. See the “Supplemental Financial Information Non-GAAP Measures” section for applicable information. Free cash flow
conversion includes a negative 27 percentage point combined impact from the divestiture of the gas and flame detection
business and cash payments for previously accrued respiratory-related legal settlements.
• The company paid $828 million in cash dividends to shareholders and repurchased $142 million of its own shares during the
quarter.
Executive Commentary
“The 3M team delivered strong operational performance in the third quarter,” said3M chairman and chief executive
officer. “While the macroeconomic environment remains challenging, we executed well and built on the progress we
made in the second quarter. We continued to effectively manage costs and reduce inventory levels, while generating
strong margins and cash flow.”
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Key Financial Highlights
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Financial, M&A Updates
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ABB (Switzerland) to strengthen e-mobility portfolio with acquisition of
Chinese EV charging provider Chargedot
ABB is to acquire a majority stake of 67 percent in Shanghai Chargedot New Energy
Technology Co., Ltd., a leading Chinese e-mobility solution provider. The transaction is
expected to be completed in the coming months and ABB has the possibility to increase
its stake further in the next three years.Since its establishment in 2009, Shanghai-based
Chargedot has made a significant contribution to the uptake of electric vehicles in China.
The company supplies AC and DC charging stations, as well as the necessary software
platform to a range of customers that includes EV manufacturers, EV charging network
operators and real estate developers. It has approximately 185 employees and its other
shareholders among others include Shanghai SAIC Anyo Charging Technology Co.,
Ltd., a subsidiary of SAIC.Chargedot is a natural fit for ABB, which as a global leader in
sustainable transportation infrastructure, already offers solutions from grid distribution
to charging points for cars and trucks, as well as for the electrification of ships, railways,
trams, buses and cable cars. The acquisition will strengthen ABB’s relationship with
leading Chinese electric vehicle manufacturers and broaden the company’s e-mobility
portfolio with hardware and software developed specifically for local requirements.
ABB Robotics is the leading supplier of robot units and software to the assembly lines of
Chinese EV manufacturers.
Executive Commentary
“This investment is a further demonstration of ABB’s commitment to enabling
sustainable mobility,” said President of ABB's Electrification business. “With China
forging ahead in the development of a comprehensive e-mobility ecosystem, this
acquisition will give ABB a significant role in delivering growth, working closely
with SAIC and other leading Chinese car manufacturers.”
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8. Financial, M&A Updates
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Arista Networks, Inc.(USA) Reports Third Quarter 2019
Financial Results
• Revenue of $654.4 million, an increase of 7.6% compared to the second quarter of 2019, and an
increase of 16.2% from the third quarter of 2018.
• GAAP gross margin of 63.8%, compared to GAAP gross margin of 64.1% in the second quarter of
2019 and 64.2% in the third quarter of 2018.
• Non-GAAP gross margin of 64.4%, compared to non-GAAP gross margin of 64.7% in the second
quarter of 2019 and 64.6% in the third quarter of 2018.
• GAAP net income of $208.9 million, or $2.59 per diluted share, compared to GAAP net income of
$168.5 million, or $2.08 per diluted share in the third quarter of 2018.
• Non-GAAP net income of $217.1 million, or $2.69 per diluted share, compared to non-GAAP net
income of $171.3 million, or $2.11 per diluted share in the third quarter of 2018.
Third Quarter Company Highlights
• Arista Networks announced CloudVision 2019, building upon Arista’s cognitive management plane.
The CloudVision 2019 release brings new capabilities and integrations, helping customers with
operational cost reduction, risk management, and agility in network operations.
• This is the fifth consecutive year Arista Networks has been recognized in the Leaders Quadrant of
the 2019 Gartner Magic Quadrant for Data Center Networking, published on 15 July 2019.
• Arista Networks announces that it is providing network platforms for SK Telecom’s 5G network.
• Vocus Group, Australia’s specialist fibre and network solutions provider announced Arista Networks
has been appointed the supplier of Vocus’ Layer 2 and Layer 3 network equipment.
Executive Commentary
"In Q3 2019 we continued to see the adoption of our cloud networking technology in more
diverse environments. While we expect a sudden softening in Q4 with a specific cloud titan
customer, we are committed to a sustainable and strong foundation of long-term growth,
innovation and profitability,” stated Arista President and CEO.
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3For more details, please click the link below:
https://www.arista.com/en/company/news/press-release/8757-pr-20191031
Key Financial Highlights
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Financial, M&A Updates
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ABB (Switzerland) to divest two Shanghai-based Electrification JVs
ABB has signed a binding agreement to divest all ABB shares in
Shanghai ABB Breakers Co., Ltd. and Shanghai ABB Guangdian
Electric Co., Ltd. to Shanghai Guangdian Electric Group
(SGEG), ABB’s joint venture partner in the two companies.
Financial details were not disclosed. Shanghai ABB Breakers Co.,
Ltd. and Shanghai ABB Guangdian Electric Co., Ltd. were
acquired by ABB in 2018 with the GE Industrial Solutions
transaction. ABB currently holds a 60 percent stake in the two
joint ventures. After the sale, the two Shanghai companies will be
fully owned by SGEG, and they will continue to manufacture and
market low- and medium-voltage breakers, switchgear and
transformers in China. ABB and SGEG will continue to operate
as long-term partners via a multi-year mutual supply agreement.
Executive Commentary
“The divestiture will reduce the complexity of the
Electrification business in China and improve our focus in this
key market. At the same time, it represents ABB’s ongoing
active portfolio management,” said President of ABB's
Electrification business.
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Financial, M&A Updates
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Air Liquide (France) strengthens its position in Malaysia with the acquisi-
tion of Southern Industrial Gases
Air Liquide announces the acquisition of a key Malaysian industrial gas player, Southern
Industrial Gases Sdn Bhd. Finalised today, this operation doubles Air Liquide’s
Packaged Gases filling capacity in Malaysia. It is expected to deliver significant
synergies by enlarging our footprint and providing Air Liquide with a geographical
density across most of Malaysia. Southern Industrial Gases SdnBhd (SIGSB) is a former
subsidiary of SIG Gas Berhad, which is listed on the Malaysian Stock Exchange. SIGSB
is one of the key industrial gas players in the Malaysian market, generating close to 80
million Malaysian ringgit (approximately 20 million euros) in revenue annually. With
more than 200 employees, it has 8 manufacturing and refilling facilities locations across
Malaysia, with a distribution network that covers all of Malaysia’s key industrial basins.
Air Liquide began operating in Malaysia in 1927. Its presence in the country now
includes all industrial gas activities, a Smart Innovative Operations Centre as well as
shared services which serves Asia and the Pacific Regions. In 2016, Air Liquide
Malaysia reinforced its position in the industrial merchant business with the acquisition
of a distributor located in the Kuala Lumpur region. The acquisition which was finalised
today places Air Liquide in an even stronger position to serve its customers in the
country.
Executive Commentary
Member of the Air Liquide Group’s Executive Committee supervising Asia Pacific,
commented:"This acquisition will enable us to strengthen our activities in Malaysia,
with a reinforced network that will drive sustainable growth and deliver innovative
solutions for Industrial Gas customers across Malaysia. We look forward to the
integration of SIGSB into Air Liquide Malaysia and we are confident that we can
continue to drive value for our customers and create opportunities for our
employees."
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11. Financial, M&A Updates
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Air Products (USA) Reports Fiscal 2019 Results
• Reported fiscal year 2019 results, including GAAP diluted EPS from continuing operations of $7.94, up 20 percent; GAAP net income
of $1,809 million, up 18 percent, primarily driven by higher pricing, volumes and tax reform impacts; and GAAP net income margin of
20.3 percent, up 310 basis points, each versus prior year.
• For the year, on a non-GAAP basis, adjusted diluted EPS from continuing operations of $8.21, up 10 percent; adjusted EBITDA of
$3.5 billion, up 11 percent, primarily driven by the higher pricing and volumes; and adjusted EBITDA margin of 38.9 percent, up 400
basis points, each versus prior year.
• Full-year sales of $8.9 billion were flat versus last year on two percent volume growth and three percent higher pricing, offset three
percent by unfavorable currency and two percent from a contract modification to a tolling agreement in India, which impacts sales but
not profits.
Fiscal Fourth Quarter Results (Q4FY19)
• Air Products reported, for its fiscal fourth quarter ended September 30, 2019, GAAP diluted EPS from continuing operations of $2.27,
up 11 percent; GAAP net income of $519 million, up 13 percent, primarily driven by higher pricing, volumes, and prior-year tax reform
and pension settlement impacts; and GAAP net income margin of 22.7 percent, up 270 basis points, each versus prior year.
• For the fiscal fourth quarter, on a non-GAAP basis, adjusted diluted EPS from continuing operations of $2.27, up 14 percent; adjusted
EBITDA of $957 million, up 16 percent, primarily driven by positive volume and pricing; and adjusted EBITDA margin of 41.9
percent, up 610 basis points, each versus prior year.
• Fourth quarter sales of $2.3 billion decreased one percent, as five percent higher volumes and three percent higher pricing were more
than offset by four percent lower energy cost pass-through, three percent from the India contract modification referenced above, and
two percent unfavorable currency.
Executive Commentary
Commenting on the results, Chairman, president and chief executive officer, said, "Our people have stayed focused on serving
our customers and creating value for our shareholders, every day, and I want to thank them for their hard work, commitment and
dedication. We are pursuing our strategic Five-Point Plan, including a focus on sustainability that is driving significant global
growth opportunities in gasification, carbon capture, and hydrogen for mobility. We are generating significant cash, and also have
the technical and operational strength, to execute on our base business while continuing to deploy capital into industrial gas
megaprojects around the world.”
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Key Financial Highlights
12. Financial, M&A Updates
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Airbus(Netherlands) reports Nine-Month (9m) 2019 results
• Gross commercial aircraft orders totalled 303 (9m 2018: 311 aircraft), including 20 A330neos and
22 A350 XWBs in the third quarter alone, with net orders of 127 aircraft (9m 2018: 256 aircraft). The
order book stood at 7,133 commercial aircraft as of 30 September 2019. Net helicopter orders of 173
units (9m 2018: 230 units) included 12 H135s in the third quarter. Airbus Defence and Space’s order
intake by value totalled € 6.1 billion, with third quarter bookings supported by key contract wins in
Space Systems.
• Consolidated revenues increased to € 46.2 billion (9m 2018: € 40.4 billion), mainly driven by higher
deliveries, a favourable mix and foreign exchange rate development. A total of 571 commercial
aircraft were delivered (9m 2018: 503 aircraft), comprising 33 A220s, 422 A320 Family, 34 A330s,
77 A350s and 5 A380s. Airbus Helicopters delivered 209 units (9m 2018: 218 units) with its stable
revenues supported by growth in services and reduced by programme phasing. In September, the
1,000th Super Puma helicopter was delivered. Higher revenues at Airbus Defence and Space were
mainly driven by Military Aircraft activities.
• Airbus’ EBIT Adjusted increased sharply to € 3,833 million (9m 2018: € 2,340 million), largely
driven by the A320 ramp-up and NEO premium, progress on the A350 financial performance and
foreign exchange improvement which already materialised in H1 2019.
• Airbus Helicopters’ EBIT Adjusted was stable at € 205 million (9m 2018: € 202 million), reflecting
an increased contribution from services which was reduced by a less favourable delivery mix.
Executive Commentary
“Our nine-month results are mainly driven by the performance in commercial aircraft, reflecting
both the A320neo ramp-up and progress on the A350,” said Airbus Chief Executive Officer. “We
are focused on the A320neo ramp-up and improving the industrial flow while managing the
higher level of complexity on the A321 ACF in particular. Our nine-month delivery numbers and
the updated delivery outlook for the year reflect the underlying actions to secure a more efficient
delivery flow in the next years as we progress to rate 63 per month for the A320 Family in 2021.
The full-year free cash flow guidance has been adjusted to reflect the revised delivery outlook
while the EBIT Adjusted target is maintained. We are focused on meeting our customer
commitments and preparing the production system for the future.”
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Key Financial Highlights
13. Financial, M&A Updates
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Alstom (France) first half 2019/20 results
• The Group booked €4,618 million orders in the first half of fiscal year 2019/20. This compares to the
exceptional performance of €7,129 million orders over the same period last year which included “TGV du Futur”
and Montreal metro orders totalling €4.3 billion.
• Alstom sustained its level of research and development (gross costs) at €192 million, i.e. 4.6% of sales, in first
half of 2019/20.
• Alstom delivered an adjusted EBIT[2] of €319 million corresponding to a 7.7% margin in first half 2019/20,
compared to €303 million corresponding to a 7.5% margin the previous year. This improvement was driven by a
volume increase and operational efficiency.
• Net Income from continued operations reached €213 million compared to €318 million the previous year which
included several one-off items, in particular €100m linked to the General Electric joint venture transaction.
• During the first half of fiscal year 2019/20, the Group free cash flow was negative at €(19) million, impacted
by anticipated inventories increase resulting of the ramp up of large Rolling Stock projects.
• The Group had a gross cash in hand of €1,826 million at the end of September 2019 and a fully undrawn credit
line of €400 million. Alstom bond debt amounted to €596 million as end of September 2019. In July 2019,
Alstom reimbursed at maturity a €283 million bond.
• Alstom net cash amounted to €991 million on 30 September 2019, compared to €2,325 million on 31 March
2019. Last, equity reached €3,135 million at 30 September 2019, compared to €4,159 million on 31 March 2019,
in particular as a result of the dividend distribution in July 2019.
Executive Commentary
“This first half, Alstom continued to achieve a high level of order intake, including emblematic contracts
such as the maintenance of Santiago metro, the renewal of Barcelona metro and CDG Express in France, as
well as the signalling system for Paris-Lyon high-speed line. The continuous improvement in our
operational performance demonstrates the Group’s focus on profitable growth. Our new AiM strategy is
now being fully deployed within the Group.” said Alstom Chairman and Chief Executive Officer.
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Arkema (France): Third-quarter 2019 results
• Sales up 2.3% year on year to €2,216 million, supported by 0.7% growth in volumes
• Very good level of EBITDA at €385 million. Up by 3% relative to the record level reached in 2018.
Driven by the strong increase of specialty businesses (1)
• EBITDA margin of 17.4% (17.3% in third-quarter 2018), resilient at a high level in a more
challenging and uncertain macroeconomic environment
• Adjusted net income of €166 million, representing 7.5% of sales
• Strong free cash flow generation of €218 million, in continuity with the first half
• Net debt at €1,770 million (1.2 times LTM EBITDA), including the recent acquisition of ArrMaz
and of our partner’s remaining stake in Sunke
• Ongoing portfolio transformation towards specialties, with the planned divestment (2) of Functional
Polyolefins announced on 14 October
Executive Commentary
Commenting the results, Chairman and CEO:“The third quarter was marked by the Group’s very
good financial performance in a macroeconomic environment which remains globally
challenging, as well as by the continued proactive portfolio transformation towards specialties,
with the planned divestment of the Functional Polyolefins business, the acquisitions of Prochimir
and Lambson, and polymer capacity expansions for the 3D printing and battery
markets.Third-quarter results showed contrasting trends between our different product lines and
confirm the improving momentum of specialties, notably around the three long-term growth
pillars, namely adhesives, advanced materials and performance coatings.Specialty businesses’
EBITDA rose significantly despite lower volumes, thanks to strong pricing, an improved product
mix, a more favorable raw materials environment and the consolidation of ArrMaz. Adhesives’
EBITDA continued to grow strongly, up by nearly 20% at constant scope compared with the third
quarter of 2018. The marked decline of Fluorogases weighed negatively however on the overall
performance of intermediate businesses, despite the resilience of Acrylics and MMA/PMMA.In
this less favorable external environment, the quality of our results rewards our teams’
engagement and efforts and validate the Group’s continued strategic refocusing of the business
portfolio. The acquisitions we have carried out so far have made an important contribution to our
Group’s resilience and performance.”
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Asahi Kasei (Japan) Medical acquires ViruSure
Asahi Kasei Medical has acquired VirusureForschung und Entwicklung GmbH (ViruSure), an Austrian provider of biosafety testing services. The
acquisition is part of a strategic expansion and reinforcement of Asahi Kasei Medical’s bioprocess business, centered on Planova™ virus removal
filters used in the manufacturing process for biotherapeutics such as plasma derivatives and biopharmaceuticals. It is indicative of Asahi Kasei
Medical’s continuing strategic efforts to develop businesses that contribute to the safety of and efficient manufacture of biotherapeutics. Because
biologically derived substances are used in the process of manufacturing biotherapeutics, biosafety tests are required at each step of research,
development, and manufacture to prevent harm from viruses or other infectious agents. Driven by strong growth in the biotherapeutics industry,
demand for ViruSure’s biosafety testing services and cell banking services thus continues to increase year by year. Such services not only heighten
safety but also facilitate the development of pharmaceutical products and contribute to the widespread adoption of high-quality therapies. By
enhancing Asahi Kasei Medical’s ability to provide wide-ranging support to manufacturers of biotherapeutics, including broader services related to
bioprocess development and manufacturing, this acquisition expands Asahi Kasei Medical’s sphere of operations and creates new opportunities for
further growth. Asahi Kasei Medical will continue to contribute to the safety of biotherapeutics and their efficient manufacture through the provision
of innovative and reliable bioprocess products, equipment, and scientific services.
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BASF Group (Germany) third-quarter 2019 Results
• BASF Group sales in the third quarter of 2019 declined slightly year on year and amounted to €15.2
billion.
• Income from operations (EBIT) before special items was €1.1 billion, down by 24% compared with
the level of the third quarter of 2018.
• EBITDA increased to €2.3 billion, compared with €2.2 billion in the third quarter of 2018. EBITDA
before special items was down by 8% to €2.1 billion.
• EBIT amounted to €1.4 billion, nearly matching the prior-year level. Special items in EBIT totaled
€257 million, compared with minus €75 million in the prior-year period. A considerable disposal gain
from the sale of BASF’s share of the Klybeck site in Basel, Switzerland, more than offset special
charges for restructuring measures, for the integration of the businesses acquired from Bayer and for
divestitures.
• Net income amounted to €911 million, compared with €1.2 billion in the third quarter of 2018.
• Earnings per share in the third quarter of 2019 fell to €1.00 from €1.31 in the prior-year quarter.
Adjusted earnings per share were €0.86, compared to €1.51 in the prior-year quarter.
• Cash flows from operating activities amounted to €2.0 billion, compared with €2.9 billion in the
third quarter of 2018. Free cash flow declined to €1.1 billion as a result of lower cash flows from
operating activities.
Executive Commentary
“In particular, the trade conflict between the United States and China is weighing on our business.
Moreover, there are uncertainties related to Brexit,” said CEO of BASF. “These events are acting
as a drag on the economy – not only in export-oriented countries in Europe. The United States is
also experiencing a noticeable slowdown. Growth continues in China, albeit at a slower pace.
Production in the global automotive industry again declined compared with the already low level
at the end of the first half of the year.”
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Bayer (Germany) completes sale of Dr. Scholl’s™ brand to Yellow Wood
Partners
Bayer announced the completion of the sale of the Dr.
Scholl’s™ business to Yellow Wood Partners for a purchase
price of 585 million U.S. dollars. Dr. Scholl’s™ is an iconic,
one-of-a-kind brand, which is synonymous with foot care.
The brand has an over 110 year heritage with unmatched
brand equity in the foot care category and the #1 sales
position in the most attractive segments – a true category
leader. Dr. Scholl’s™ generated sales of 234 million U.S.
dollars in 2018.Yellow Wood Partners has acquired the
product rights to Dr. Scholl’s™ in the Americas and taken
over approximately 30 dedicated brand personnel in the
United States, including Sales and Marketing, Research &
Development and others.
Executive Commentary
“We believe that Yellow Wood Partners is the right owner
to continue to invest in and grow the Dr. Scholl’s™
brand,” said Member of Bayer’s Board of Management
and President of Consumer Health. “Since Bayer took
ownership of Dr. Scholl’s™ in late 2014, we have made
progress in revitalizing the brand and developing an
exciting pipeline of innovative products. We look
forward to seeing the brand taken to the next level of
success under Yellow Wood’s ownership.”
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Bayer (Germany) invests USD 50 Million in eGenesis Series B
financing round
eGenesis, a biotechnology company utilizing breakthrough gene editing
technologies for the development of effective human-compatible organs
to address the global organ shortage, successfully completed a USD 100
million Series B financing. The financing was led by Fresenius Medical
Care Ventures (FMCV), with participation from new investors including
Leaps by Bayer and Wellington Partners. Existing investors, including,
but not limited to, ARCH Venture Partners, Biomatics Capital, Alta
Partners, and Khosla Ventures, all participated. eGenesis is committed to
helping solve the global organ shortage by pioneering an alternative
source of human-compatible organs. It is currently estimated that there
are between 1.5 to 2 million people on the organ transplant waitlist
globally. This financing will enable the acceleration of the eGenesis
kidney xenotransplant program into the clinic, as well as support
advancement of a range of other xenotransplant programs across islet
cell, liver, heart, and lung. The focus of the company is to rapidly
advance an entirely new set of options across the transplantation field.
Executive Commentary
“Leaps by Bayer” is built for the specific purpose of tackling
fundamental breakthrough solutions in the fields of health and
nutrition with the help of new technologies. Sustainable organ
replacement is one of the ten areas of engagement and investment
(called “leaps”) for Leaps by Bayer. “We believe eGenesis is poised
to revolutionize the entire organ transplantation market. This could
save lives in a way that was previously not thought possible just a few
years ago,” noted Head of Leaps by Bayer. Eckhardt and Dr. Lucio
Iannone will represent Leaps by Bayer by actively participating on
the eGenesis Board of Directors.
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Bombardier (Canada) Reports Third Quarter 2019 Results
• Bombardier’s consolidated revenues for the quarter were $3.7 billion, representing 8% organic growth
year-over-year, driven mainly by a favourable delivery mix of large business aircraft and progress on rail
projects.
• Consolidated adjusted EBITDA and adjusted EBIT for the quarter were $255 million and $159 million,
respectively. Adjusted EBIT margin in Aviation was 6.0%, in line with expectations and driven by Global
7500 aircraft ramp-up and the dilutive effect of commercial aircraft activities. Adjusted EBIT margin in
Transportation was 5.1%, reflecting a concentration of large, late-stage projects and planned investments
in manufacturing and engineering capacity announced earlier this year. On a reported basis, EBIT for the
quarter was $143 million.
• Free cash flow usage was $682 million for the quarter, reflecting the intense ramp-up of the Global
7500 production and lower cash inflows associated with train deliveries and milestones payments that
have moved into the fourth quarter. Cash flows usage from operating activities during the quarter was
$557 million.
• The Company continues to expect full-year free cash flow usage to be approximately $500 million,
driven by seasonally strong fourth quarter cash flows, the acceleration of Global 7500 deliveries and the
partial release of excess working capital at Transportation.(3) As we move beyond short-term challenges,
Bombardier is positioned for 2020 earnings(3) growth and positive cash flow generation.
Executive Commentary
“We continue to make progress driving our turnaround,” said President and Chief Executive Officer,
Bombardier Inc. “At Aviation, the recent certification of our new Global 5500 and Global 6500
aircraft, and the outstanding in-service performance of our new Global 7500, highlight the strength of
our business jet franchise. At Transportation, we are turning the corner. We are making steady progress
working through our legacy projects, giving us confidence in our ability to deliver stronger financial
performance.”
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Bombardier (Canada) Announces Definitive Agreement to Sell Aerostructures
Business to Spirit AeroSystems Holding, Inc.
Bombardier announced a definitive agreement to sell its aerostructures business to Spirit
AeroSystems Holding, Inc. (Spirit), supporting Bombardier’s strategic decision to focus on its
two strong growth pillars, trains and business aircraft. With this transaction, Spirit will acquire
Bombardier’s aerostructures activities and aftermarket services operations in Belfast, U.K.;
Casablanca, Morocco; and its aerostructures maintenance, repair and overhaul (MRO) facility in
Dallas, U.S. for a cash consideration of $500 million and the assumption of liabilities with a total
carrying value in excess of $700(2) million, including government refundable advances and
pension obligations. Following the transaction, Spirit will continue to supply structural aircraft
components and spare parts to support the production and in-service fleet of Bombardier
Aviation’s Learjet, Challenger and Global families of aircraft. 2019 revenues for these activities
are expected to be approximately $1.0 billion(3) , while generating adjusted EBITDA margin of
approximately 12%. On this basis, the transaction implies an enterprise value to EBITDA
multiple of approximately 10x. The transaction follows the formation of Bombardier Aviation
earlier this year and streamlines Bombardier’s aerostructures footprint to focus on core
capabilities in Montreal, Mexico and its Global 7500 wing operations in Texas. The transaction
also further strengthens Bombardier’s liquidity as it moves toward the deleveraging phase of the
turnaround. The transaction is expected to close in the first half of 2020 and remains subject to
regulatory approvals and customary closing conditions.
Executive Commentary
“This transaction represents another strategic milestone in the reshaping of our portfolio to
focus on our strong business aircraft and rail franchises,” said President and Chief Executive
Officer, Bombardier Inc. “We are confident that Spirit’s acquisition of these aerostructures
assets is the best outcome for customers, employees and shareholders, and we are committed
to ensuring a smooth and orderly transition.”
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Caterpillar (USA) Reports Third-Quarter 2019 Results
• Third-quarter 2019 sales and revenues of $12.8 billion, a 6% decrease compared with $13.5 billion in the
third quarter of 2018. Third-quarter 2019 profit per share was $2.66, compared with $2.88 profit per share
in the third quarter of 2018.
• The primary driver of the decline in sales and revenues was a $1.2 billion movement in dealers’
inventories. Dealers decreased their inventories about $400 million during the third quarter of 2019, after
increasing their inventories about $800 million during the third quarter of 2018.
• During the third quarter of 2019, the company made a $1.5 billion discretionary pension contribution
financed from proceeds of a debt issuance. As a result, Machinery, Energy & Transportation (ME&T)
operating cash flow was negative $188 million. The company also repurchased $1.2 billion of Caterpillar
common stock and paid dividends of $0.6 billion in the third quarter of 2019. The enterprise cash balance
at the end of the third quarter of 2019 was $7.9 billion.
2019 Outlook
• The company is lowering its full-year profit per share outlook range to $10.90 to $11.40, compared to the
previous outlook which was at the low end of the $12.06 to $13.06 range. Both ranges include the
first-quarter $0.31 per share discrete tax benefit. The revised guidance now assumes modestly lower sales
in 2019. The company remains focused on maintaining a competitive and flexible cost structure, including
managing production levels.
Executive Commentary
“Our volumes declined as dealers reduced their inventories, and end-user demand, while positive, was
lower than our expectations,” said Caterpillar Chairman and CEO. “We remain focused on executing
our strategy and continuing to achieve our Investor Day targets for margin improvement and free cash
flow.”
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Celanese Corporation (USA) Reports Third Quarter 2019 Earnings
• Reported third quarter GAAP diluted earnings per share of $2.17 and adjusted earnings per share of $2.53, both
sequential improvements over the prior quarter.
• The Company delivered net sales of $1.6 billion as 2 percent sequential volume growth offset the impact of a 1
percent decline in both pricing and foreign exchange.
• The Company generated operating cash flow of $397 million and free cash flow of $315 million. Celanese
returned $352 million of cash to shareholders in the quarter via $275 million in share repurchases and $77 million
in dividends, bringing the total year-to-date cash returned to $1.0 billion. Based on an expectation that market
conditions are unlikely to improve in 2019, and including the impacts of the previously announced unplanned
Clear Lake outage, the Company expects to deliver 2019 adjusted earnings between $9.60 and $9.80 per share.
• Finalized permitting for the expansion of Clear Lake acetic acid to 2.0 million tons per year and Fairway
methanol to 1.7 million tons per year, as part of the global acid reconfiguration. Engineering work progresses on
both projects.
• Completed the addition of new compounding lines in both Nanjing and Suzhou, China to meet growing demand
from Engineered Materials' customers in Asia.
• Named ICIS Company of the Year for 2018 based on analysis of 2018 financial metrics, robust profitability in
the Acetyl Chain, and accelerated project commercialization in Engineered Materials.
• Commercialized 1,315 Engineered Materials project wins in the third quarter of 2019 and on track to deliver
more than 4,000 projects for the year.
• Repurchased 2 percent of outstanding shares in the third quarter and 10 percent of outstanding shares over the
last twelve months.
Executive Commentary
"Our businesses and teams have displayed remarkable resilience in the third quarter to deliver sequential
growth despite tremendous challenges including a weak market demand backdrop as well as the incident at
Clear Lake in the final weeks of the quarter," said Chief executive officer. "With few indications of sustained
improvement up to this point, we now expect that low demand levels are likely to persist through the
remainder of the year. Incorporating the financial impact of the Clear Lake incident to the fourth quarter, we
expect 2019 adjusted earnings of $9.60 to $9.80 per share. Our final performance within the range will
depend on the evolution of demand conditions and timing of the restart of the Clear Lake CO unit. Looking
forward to 2020, we remain focused on controllable factors including productivity initiatives, business
model enhancements, and high-return capital deployment that will deliver double-digit adjusted earnings
per share growth next year, whether or not current demand conditions improve. At this stage, given an
uncertain demand outlook, we expect 2020 adjusted earnings of $11 to $12 per share, with the higher end of
the range achievable if we see improvement in demand conditions next year. We are still working a number
of controllable actions and will have more visibility to further clarify the outlook as we get into next year
and can assess early business conditions across the globe."
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CF Industries Holdings, Inc. (USA) Reports Nine Month 2019 Net
Earnings
• For the first nine months of 2019 net earnings attributable to common stockholders of $438 million, or
$1.97 per diluted share; EBITDA of $1,314 million; and adjusted EBITDA of $1,285 million. These results
compare to the first nine months of 2018 net earnings attributable to common stockholders of $241 million,
or $1.03 per diluted share; EBITDA of $1,080 million; and adjusted EBITDA of $1,062 million.
• For the third quarter of 2019, net earnings attributable to common stockholders were $65 million, or $0.29
per diluted share; EBITDA was $341 million; and adjusted EBITDA was $349 million. These results
compare to third quarter 2018 net earnings attributable to common stockholders of $30 million, or $0.13
per diluted share; EBITDA of $308 million; and adjusted EBITDA of $299 million.
• CF Industries continued to operate safely and efficiently. As of September 30, 2019, the company’s
12-month rolling average recordable incident rate was 0.61 incidents per 200,000 work hours.
• Gross ammonia production for the first nine months of 2019 was approximately 7.6 million tons, and for
the third quarter was more than 2.3 million tons. The company expects gross ammonia production during
the fourth quarter to be higher than in the third quarter with less maintenance activity scheduled for the final
three months of the year.
• In the first nine months of 2019, the average cost of natural gas reflected in the company’s cost of sales
was $2.86 per MMBtu compared to the average cost of natural gas in cost of sales of $3.14 per MMBtu in
the first nine months of 2018. In the third quarter of 2019, the average cost of natural gas reflected in the
company’s cost of sales was $2.24 per MMBtu compared to the average cost of natural gas in cost of sales
of $3.19 per MMBtu in the third quarter of 2018.
Executive Commentary
“The CF team’s outstanding execution and our company’s position on the low end of the global cost
curve continue to drive substantial cash generation and an industry-leading free cash flow yield,” said
President and chief executive officer, CF Industries Holdings, Inc. “Over the last 24 months, this
superior cash flow generation has enabled us to repay $1.1 billion in debt, with another $750 million
to be retired by the end of this year. Additionally, we repurchased more than 16 million shares for $750
million, distributed $550 million in dividends and invested approximately $400 million in growth. We
believe our structural and operational advantages, along with positive nitrogen industry fundamentals,
will continue to support our cash generation, allowing us to build on this track record in 2020 and
beyond.”
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CNH Industrial (UK) Acquires Australian Implement Manufacturer
K-Line Ag
CNH Industrial N.V. announced its agreement to acquire the Australian
agricultural implement manufacturer K-Line Ag. This acquisition will add
key tillage and residue management equipment, which is key to ensuring
optimal seedbed preparation, fundamental for productive yields, and will
further enhance the crop production portfolios of Case IH and New Holland
Agriculture, the global agricultural equipment brands of CNH Industrial.
K-Line has become the number one tillage manufacturer in Australia by
designing robust and reliable products for some of the world’s harshest soil
conditions. CNH Industrial’s commitment to growing its global agricultural
business focuses on placing technological advancements at the service of its
brands’ global customer base and developing an advanced digital farming
offering. These are core pillars of its Agricultural Segment’s growth
strategy, and the integration of leading-edge tillage and residue
management equipment is an important step in achieving this aim.
Executive Commentary
“The acquisition of K-Line Ag is further concrete expression of the
Agricultural Segment’s stated aim of seeking both strategic acquisitions
to enhance their respective agricultural offerings, as well as their role as
industry consolidators,” stated Chief Executive Officer, CNH Industrial.
“Our brands will now be able to even better serve their customers,
thanks to K-Line Ag’s outstanding product portfolio and knowledgeable
team who now join the CNH Industrial family.”
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CNH Industrial (UK): 2019 Third Quarter Results
• Industrial Activities net sales were $5.9 billion, down 6% compared to the third quarter of 2018 (down 3% on a constant currency basis), as lower sales volume and negative
currency translation offset positive price realization
• Adjusted EBIT of Industrial Activities was $284 million, equivalent to a 4.8% margin, down 30 basis points compared to the third quarter of 2018. Adjusted EBITDA of Industrial
Activities was $523 million, representing an 8.9% margin
• Reported net income of $643 million includes a material discrete tax benefit. Adjusted net income was $221 million in the third quarter of 2019, in line with the third quarter of
2018, benefiting from lower interest expense and a lower adjusted effective tax rate
• Net debt of Industrial Activities at September 30, 2019 was $2.4 billion, up by $0.9 billion from June 30, 2019, due to an increase in net working capital
• During the quarter, CNH Industrial continued corporate planning activities in view of the future separation of the Off-Highway and On-Highway businesses announced on
September 3.
• During the quarter, CNH Industrial acquired AgDNA, a leader in Farm Management Information Systems, and entered into a strategic and exclusive Heavy-Duty Truck partnership
with Nikola Corporation, a U.S.-based leader in fuel cell truck technology
• CNH Industrial recently announced the acquisition of the Australian agricultural tillage and crop implement manufacturer K-Line Ag, and the acquisition of ATI, Inc., a global
manufacturer of rubber track systems for high horsepower tractors and combine harvesters, in an effort to strengthen its strategic position and to drive industry consolidation in the
agricultural market. In addition, CNH Industrial has agreed the sale of its Truckline
• Full year guidance updated as follows: net sales of Industrial Activities expected now between $26.5 billion-$27 billion with confirmed adjusted diluted EPS of $0.84-$0.88. Net
debt of Industrial Activities of $0.6 billion-$0.4 billion mainly reflecting the M&A activity announced since September 3.
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DuPont (USA) Reports Third Quarter Results
• Net sales for the quarter totaled $5.4 billion, down 5 percent versus the same quarter
last year. On an organic basis, net sales were down 2 percent with 1 percent higher price
being more than offset by 3 percent lower volume. Currency and portfolio headwinds
decreased sales by 2 percent and 1 percent, respectively.
• GAAP Income from continuing operations totaled $372 million, versus pro forma
GAAP Income from continuing operations of $88 million in the year-ago period.
• Operating EBITDAwas $1.4 billion, down 4 percent versus pro forma operating
EBITDAin the prior year.
• Operating EBITDA margins improved 20 basis points to 25.8 percent versus prior year
driven by pricing gains, benefits from portfolio actions and disciplined cost control.
• GAAP EPS from continuing operations totaled $0.49 versus pro forma GAAP EPS
from continuing operations in the year-ago period of $0.09; the improvement is mostly
attributable to the absence of costs historically allocated to Dow and Corteva of $0.24
per share and lower integration and separation costs of $0.23 per share partially offset by
higher restructuring and asset related charges of $0.08 per share.
• Adjusted EPS increased 2 percent to $0.96, compared with pro forma adjusted EPS in
the year-ago period of $0.94 primarily driven by lower depreciation and amortization
and a lower share count partially offset by currency headwinds and slightly lower
segment results.
Executive Commentary
“I remain impressed with our team’s ability to deliver in a tough macro
environment,” saidExecutive Chairman of DuPont. “With the entire organization
aligned and focused on our strategic priorities, I am confident that we will continue
to unlock the value-creating opportunities this portfolio offers.”
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FMC Corporation (USA) Delivers Strong Third Quarter and
Raises Full-Year 2019 Outlook
• Revenue of $1.0 billion, up 10 percent versus recast Q3 2018
• Consolidated GAAP net income of $90 million
• Total company adjusted EBITDA of $219 million, up 18 percent versus recast Q3 2018
• Consolidated GAAP earnings of $0.69 per diluted share
• Consolidated adjusted earnings per diluted share of $0.94, up 32 percent versus recast Q3
2018
• GAAP cash from operations of $283 million; adjusted cash from operations of $301
million
• Completed $100 million in share repurchases, for a total of $300 million YTD through
September 30, 2019
Full-Year Outlook Highlights
• Raising full-year revenue outlook to a range of $4.58 to $4.62 billion, reflecting 7 percent
growth at the midpoint versus recast 2018
• Raising full-year adjusted EBITDA outlook to a range of $1.2 to $1.22 billion, reflecting 9
percent growth at the midpoint versus recast 2018
• Raising full-year adjusted earnings guidance to a range of $5.80 to $5.90 per diluted share,
including the benefit of expected share repurchases in 2019 and reflecting 12 percent growth
at the midpoint versus recast 2018
• Maintaining full-year adjusted cash from operations guidance of $750 to $850 million
Executive Commentary
FMC CEO and chairman said: "FMC continues to outperform due to very strong
revenue growth and cost discipline. Year to date, revenue is up 11 percent organically, as
demand for our products remains very high across the globe."
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Huntsman (USA) Announces Third Quarter 2019 Earnings
• Third quarter 2019 net income of $41 million compared to a net loss of $8 million in the
prior year period; third quarter 2019 diluted earnings per share of $0.13 compared to a loss
per share of $0.05 in the prior year period.
• Third quarter 2019 adjusted net income of $95 million compared to $170 million in the
prior year period; third quarter 2019 adjusted diluted earnings per share of $0.41 compared
to $0.71 in the prior year period.
• Third quarter 2019 adjusted EBITDA of $215 million compared to $308 million in the
prior year period.
• Third quarter 2019 net cash provided by operating activities from continuing operations of
$257 million. Free cash flow from continuing operations of $197 million for the quarter.
• Balance sheet remains strong with total Company net leverage of 1.6x.
• Third quarter 2019 share repurchases of approximately 4.1 million shares for
approximately $81 million.
• Previously announced divestiture of the Chemical Intermediates and Surfactants
businesses for $2.1 billion remains on track and is expected to close in early 2020. The
businesses to be divested are now reported as discontinued operations on the income
statement and held for sale on the balance sheet.
Executive Commentary
Chairman, President and CEO, commented:“In spite of an increasingly challenging
global economic environment, I have never been more pleased about our mix of
businesses and the strength of our balance sheet. We continue our strategy to move and
shift our asset portfolio to more downstream, stable and resilient businesses, as well as
to manage effectively our working capital and balance sheet. We are on track to close the
divestiture of our Chemical Intermediates and Surfactants businesses in early 2020,
yielding approximately $1.6 billion of net proceeds upon completion. This, coupled with
our ongoing strong free cash flow and investment grade balance sheet will provide us
with abundant resource and flexibility in our ongoing balanced approach to capital
allocation which includes organic and inorganic expansion, opportunistic share
repurchases and a competitive dividend. We are very well positioned for the future.”
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Ingersoll Rand (Ireland) Reports Strong Third-Quarter 2019 Results
• Reported diluted earnings per share (EPS) from continuing operations of $1.78 for
the third quarter of 2019.
• Adjusted continuing EPS was $1.99 which excludes planned restructuring costs of
$25 million primarily related to ongoing footprint optimization, and $37 million of
anticipated Industrial segment separation and acquisition related costs consistent
with expectations.
• Reported revenues up 8 percent and organic revenues* up 6 percent led by the
Climate segment
• Reported bookings up 3 percent and organic bookings* up 1 percent led by strong
HVAC bookings
• GAAP operating margin down 30 bps; adjusted operating margin* up 70 bps
Executive Commentary
"Disciplined execution of our strategy and business operating system has
enabled us to successfully navigate a rapidly evolving global economic and
geopolitical landscape to deliver strong financial performance throughout 2019
and in the third quarter. We continue to deliver robust Climate segment growth
with strong HVAC performance across virtually all of our end-markets globally,
and our 2019 results are eclipsing the aggressive goals we set when we gave
guidance at the beginning of the year,” said Chairman and chief executive officer.
“Our strong performance in global HVAC is offsetting declines in the Industrial
segment’s Compression Technologies and Industrial Products businesses, where
we are seeing continued weakness in global short cycle industrial spending.
Balancing these factors, we remain confident in our ability to deliver our full
year guidance of approximately $6.40 in adjusted continuing EPS for 2019.
When combined with our strong revenue growth and free cash flow expectations,
we believe 2019 will be another year of top tier performance for the company.”
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Keppel Land (Singapore) invests in Smartworks, a leading pan-India
flexible space solutions provider
Keppel Land Limited has invested US$25 million in Smartworks Coworking
Space Pvt. Ltd, a leading pan-India flexible space solutions provider with a
presence in nine major Indian cities, namely, Delhi, Noida, Gurgaon, Kolkata,
Bengaluru, Mumbai, Hyderabad, Chennai and Pune. Founded in April 2016 by
NeetishSarda and co-founded by Harsh Binani, Smartworks has grown rapidly to
become India's market-leading provider of quality flexible spaces for enterprise
companies. Presently, Smartworks has 23 operational centres in nine cities
offering a total of about 43,000 workstations spread over 2.3 million sf. Its centres
currently cater to over 400 organisations, comprising mainly large enterprises and
high-growth startups such as Amazon Web Services, Bacardi Limited, DHL,
Ernst & Young, Hitachi, Jaguar Land Rover Automotive PLC, Microsoft
Corporation, Petronash, Red Hat, Ricoh and Samsung. Over the next five years,
Smartworks plans to grow its footprint to 20 million sf and provide office
solutions for over 200,000 working professionals.
Executive Commentary
CEO of Keppel Land, said, "Smartworks' innovative business model, coupled
with its strong knowledge of the Indian enterprise office segment and
execution abilities, is highly scalable and relevant, particularly in India's
growing market for commercial office spaces. This investment allows Keppel
Land to enter one of the world's fastest-growing flexible office markets,
opening doors for further growth through this collaboration. There are also
many opportunities for cross-learning and collaboration between Smartworks
and Keppel Land's smart serviced co-office platform, KLOUD, which
currently has a presence in Singapore, Vietnam and Myanmar."
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Keppel Capital (Singapore) to acquire 50% interest in Pierfront Capital
Fund Management
Keppel Capital Holdings Pte. Ltd. has through its wholly-owned subsidiary,
KC Management One Pte. Ltd. entered into a conditional sales and
purchase agreement to acquire 50% interest in Pierfront Capital Fund
Management Pte. Ltd. from Pierfront Capital Mezzanine Fund Pte. Ltd.
(PCMF) for an aggregate cash consideration of approximately US$7.8
million. Pierfront Capital is a wholly-owned subsidiary of PCMF, a
Singapore-based alternative credit investment company in which Temasek
and Sumitomo Mitsui Banking Corporation hold approximately 90.91%
and 9.09% interests respectively. Under the terms of the shareholders
agreement to be entered into among KC Management One, Pierfront
Capital and PCMF, Pierfront Capital will act as the investment manager of
Keppel-Pierfront Private Credit Funds, a series of funds that would be
established to provide credit to corporates or projects in the real asset
sectors.
Executive Commentary
CEO of Keppel Capital, said, "The strategic acquisition of a stake in
Pierfront Capital allows Keppel Capital to manage mezzanine loans for
private debt, while extending our fund management capabilities beyond
the equity layer of the capital stack. The private mezzanine debt for real
estate and infrastructure projects is a growing asset class, and we are
confident that Keppel-Pierfront Private Credit Funds will be
well-positioned to capture investment opportunities and create value for
investors and the Keppel Group."
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Linde (Germany) acquires minority stake in ITM Power and agrees joint
venture
Linde announced that it has acquired a minority stake in ITM Power plc, a
British manufacturer of polymer electrolyte membrane (PEM) electrolyzers
for the electro-chemical splitting of water into hydrogen and oxygen. The
transaction, which was completed on October 22, provides Linde with a
strategic investment in a world leading manufacturer of integrated hydrogen
energy solutions. In addition to its investment, Linde will form a joint venture
with ITM Power to implement projects based on ITM Power's technology. By
bringing together ITM Power's expertise in PEM electrolysis and Linde's
leading engineering procurement and construction experience, the joint
venture will target large-scale industrial users, particularly in the metals and
glass, electronics, refinery, chemistry and steel industries. In addition to
opening new commercial opportunities, the joint venture is expected to create
capacity to deliver a higher volume of projects, shorten lead times, improve
execution and reduce costs.
Executive Commentary
"This investment reflects Linde's ongoing focus to deliver sustainable
solutions while helping to make our customers more successful", said
Executive Vice President and CEO Linde Engineering. "The joint venture
is an excellent opportunity to combine Linde's world-class engineering
capabilities with ITM Power's electrolysis technology."
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Linde (Germany) signs new long-term agreement with major electronics
customer in Taiwan
Linde, announced that its joint venture, Linde
LienHwa (LLH), will invest approximately USD 100
million to build three new high purity on-site plants
under a long-term agreement with a major electronics
company in Taiwan. Linde will build, own and operate
three state-of-the-art SPECTRA generators to produce
high purity nitrogen, oxygen, and argon. Following
planned completion in 2021, the plants will have a
combined total gas capacity of 125,000 Nm3 per hour
to support the customer's new multi-billion-dollar
wafer fab expansion.
Executive Commentary
"LLH is proud to have been selected to provide
critical high purity gases to our customer's new
wafer fab complex. This agreement is a recognition
of LLH's proven track record of more than 30 years
of reliable supply to the semiconductor industry in
Taiwan," saidPresident of Linde LienHwa.
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LG Display (South Korea) Reports Q3 2019 Earnings Results
• LG Display recorded KRW 5,822 billion in revenues in the third quarter of 2019, a
quarter-on-quarter increase of 9% from KRW 5,353 billion, driven by increased sales of mobile
panels as the company’s business in Plastic OLED (POLED) with higher prices per square meter
has started in earnest.
• The company registered KRW 437 billion in operating loss in the third quarter, compared with
the previous quarter’s operating loss of KRW 369 billion, as LCD TV panel prices declined
steeper than market expectations, the company reduced the utilization rate of its LCD TV panel
production lines, and the depreciation cost of the company’s new POLED plant increased.
• Panels for TVs accounted for 32% of the revenue in the third quarter of 2019, 9% down from
the previous quarter due to the reduced utilization rate of LCD TV panel plants, while those for
mobile devices accounted for 28%, 9% up quarter-on-quarter, driven by an increase in POLED
sales. Panels for tablets and notebook PCs accounted for 21% and desktop monitors for 18%
respectively.
• LG Display recorded 161% in the liability-to-equity ratio, 101% in the current ratio, and 74%
in the net debt-to-equity ratio as of September 30, 2019. The increased ratios of
liability-to-equity and net debt-to-equity compared with the previous quarter were mainly due to
the company’s strategic investment into its shift towards an OLED-focused business structure.
Executive Commentary
“LG Display has been innovating its business structure in order to further strengthen the
company’s fundamental and differentiated competitiveness,” said CFO and Senior Vice
President of LG Display. “We will make efforts to find ways to strengthen our
competitiveness in the LCD panel business from a long-term perspective by downsizing
LCD TV panel production lines. We will further strengthen our capability in the areas of IT,
Commercial, and Automotive displays where LG Display will be able to develop
differentiated LCD products.”
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LG (South Korea) And Qualcomm Join Forces to Advance The
In-Car Experience
LG Electronics (LG) and Qualcomm Technologies Inc., a subsidiary of Qualcomm Incorporated, announced plans to work together
to further develop webOS Auto, LG’s connected in-vehicle infotainment system. Harnessing the combined strengths of webOS Auto
and Qualcomm® Snapdragon™ Automotive Development Platform (ADP), the companies aim to create and advance a more
convenient in-car experience for drivers and passengers alike. LG’s webOS Auto is a Linux-powered platform which leverages LG’s
expertise in vehicle infotainment for the next generation of connected automobiles. LG’s recently announced webOS Open Source
Edition 2.0, which adds automotive infotainment functionality, allows developers to experience some of the innovative features that
will be incorporated in webOS Auto. The Snapdragon ADP features industry leading infotainment technologies supported through
artificial intelligence (AI) capabilities, advanced graphics for high-resolution multiple display configurations and ultra HD media
streaming. Snapdragon ADP is designed to provide a comprehensive hardware and software environment for rapid development of
high performing and power efficient automotive cockpit platforms, including passenger and rear-seat entertainment (RSE) displays.
In addition to developing and commercializing a more advanced webOS Auto, LG and Qualcomm will collaborate on a reference
platform which LG will unveil in January at CES 2020.
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Motorola Solutions (USA) Reports Third-Quarter 2019
Financial Results
• Revenue - Sales were $2.0 billion, up $132 million, or 7% from the year-ago quarter, driven by growth in the Americas. Revenue from
acquisitions was $58 million, and currency headwinds were $21 million in the quarter. The Products and Systems Integration segment grew 5%,
and the Services and Software segment grew 12%. Both segments were driven by growth in the Americas, partially offset by unfavorable
currency rates.
• Operating margin - GAAP operating margin was 20.7% of sales, up from 15.8% in the year-ago quarter. The improvement was primarily due
to higher sales and gross margin in the current year, as well as costs related to an increase to an existing environmental reserve booked in the prior
year, partially offset by higher operating expenses related to acquisitions. Non-GAAP operating margin was 25.5% of sales, up from 24.3% in
the year-ago quarter due to higher sales and gross margin, partially offset by higher operating expenses related to acquisitions.
• Taxes - The GAAP effective tax rate was 23%, compared with 8% in the year-ago quarter. The non-GAAP effective tax rate was 23% compared
with 18% in the year-ago quarter. Both the GAAP and non-GAAP tax rates were higher in the current year due to the recognition of favorable
return-to- provision adjustments in the prior year.
• Cash flow - Operating cash flow was $525 million, compared with $338 million in the year-ago quarter. Free cash flow was $465 million,
compared with $292 million in the year-ago quarter. Cash flow for the quarter increased year over year primarily due to improved working
capital, a settlement payment in the prior year related to a legacy business, and higher earnings.
• Capital allocation - During the quarter, the company paid $271 million in cash and equity to acquire WatchGuard Inc., paid $94 million in cash
dividends, and incurred $60 million of capital expenditures. Additionally, we extended our strategic partnership with Silver Lake with a new $1
billion five-year convertible note. In exchange, we settled the outstanding $800 million note with 5.5 million shares and $1.1 billion in cash, of
which $600 million was paid subsequent to quarter-end. The transaction resulted in an overall reduction to our diluted share count in the quarter.
The company also paid off the $400 million term loan used to acquire Avigilon.
• Backlog - The company ended the quarter with backlog of $11.0 billion, up $1.6 billion from the year-ago quarter. Services and Software
backlog was up 26% or $1.6 billion due to growth in EMEA and the Americas. Products and Systems Integration segment backlog was down 1%
or $39 million primarily due to two large system deployments in the Middle East and Africa in the prior year, partially offset by growth in the
Americas.
Executive Commentary
"Q3 was another excellent quarter of revenue growth and cash generation," said Chairman and CEO of Motorola Solutions. “Our ending
backlog and continued strong business performance position us well to finish the year with record sales, earnings and cash flow.”
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MTU Aero Engines AG (Germany) reports revenue and earnings
growth after first nine months of 2019
• In the first nine months of 2019, MTU Aero Engines generated reve-nues of € 3,403.7 million, up 3 % on the previous year. The
group’s operating profit1 increased by 10 % from € 508.9 million to € 557.7 million. The EBIT margin rose from 15.3 % to 16.4 %.
Net income2 increased by 8 % to € 391.7 million.
• The area in which MTU recorded the highest revenue growth in the first nine months of 2019 was the commercial engine business,
where revenues increased by 10 % from € 1,037.0 million to € 1,137.8 million. The main source of these revenues was the V2500
engine for the classic A320 family as well as the PW1100G-JM for the A320neo and the GEnx engine that powers the Boeing 787
and 747-8.
• Revenues in the military engine business increased by 7 % to € 323.6 million. The EJ200 Eurofighter engine was the main source of
these revenues.
• In the commercial maintenance business, revenues in the first nine months of 2019 remained at the previous year’s level at € 1,995.9
million.
• At September 30, MTU had an order backlog of € 20.8 billion.
• MTU reported higher earnings in both the OEM and the MRO segment in the first nine months of 2019. In the OEM segment,
operating profit increased by 9 % to € 369.9 million, while, at 25.3 %, the EBIT margin matched the previous year’s level. Earnings
in the commercial maintenance business grew by 12 % to € 187.4 million. The EBIT margin stood at 9.4 % compared with 8.3 % at
the end of September 2018.
• In the nine months to the end of September 2019, MTU spent € 166.7 million on research and development, up 13 % on the same
period of 2018. These R&D activities mainly focused on the Geared Turbofan™ programs and future enhancements, the GE9X
engine for the Boeing 777X long-haul airliner, various technology studies and R&D projects relating to next-generation engine
design.
• MTU’s free cash flow amounted to € 302.5 million, an increase of 85 % year-on-year.
• Net cash outflows for property, plant and equipment increased in the first nine months of 2019 by 24 % from € 134.0 million to €
166.0 million.
Executive Commentary
“With this result, we are on track to achieve our targets for 2019 and therefore confirm our forecast for the year,” said CEO of
MTU Aero Engines. “2019 looks set to become another record-breaking financial year for MTU. We are thus continuing with the
company’s positive and sustainable development, which was rewarded with a listing on the DAX in the past quarter.”
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PPG (USA) Announces Investment in Cleveland Automotive Adhesives and
Sealants R&D Facility
PPG announced an investment in a 2,100-square-foot automotive
adhesives and sealants laboratory on the company’s existing 42-acre
manufacturing and research complex in Cleveland, Ohio. The
facility, which was recently completed, will focus on developing
and testing structural adhesives, sealants and related products for
passenger cars, light trucks, SUVs and commercial vehicles. PPG
scientists will also use the new lab to continue their development of
next-generation coatings for lithium-ion battery cells, modules and
packs used in battery-electric and autonomous vehicles. The new
lab will include state-of-the-art equipment for testing product
strength, flexibility, adhesion and sound-dampening characteristics
of PPG products used by several leading global original equipment
manufacturers (OEM). The lab also creates several new high-tech
chemistry and research jobs at PPG’s Cleveland facility.
Executive Commentary
“There is a tremendous amount of science in every paint layer on
a modern passenger vehicle or commercial truck,” said PPG
general manager, adhesives and sealants, automotive OEM
coatings. “With this impressive new facility, PPG continues to
invest in advanced research and manufacturing capabilities that
benefit vehicle manufacturers, battery and component suppliers
and, above all, consumers.”
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Rockwell Automation (USA) Reports Fourth Quarter and Full
Year 2019 Results
• Fiscal 2019 fourth quarter sales were $1,730.2 million, flat compared to $1,729.5 million in the
fourth quarter of fiscal 2018. Organic sales increased 1.4 percent, currency translation decreased
sales by 1.5 percentage points, and an acquisition increased sales by 0.1 percentage points.
• Fiscal 2019 fourth quarter net income was $8.1 million or $0.07 per share, compared to $345.9
million or $2.80 per share in the fourth quarter of fiscal 2018. The decreases in net income and
EPS were primarily due to fair value adjustments in connection with the PTC investment ("the
PTC adjustments"). Fiscal 2019 fourth quarter Adjusted EPS was $2.01, down 4 percent
compared to $2.10 in the fourth quarter of fiscal 2018. Fourth quarter Adjusted EPS includes a
restructuring charge of $0.14 and Sensia setup costs of $0.04.
• Pre-tax margin was 3.3 percent in the fourth quarter of fiscal 2019, compared to 27.9 percent in
the same period last year. The decrease in pre-tax margin was primarily due to the PTC
adjustments.
• Total segment operating margin was 20.2 percent compared to 20.8 percent a year ago. The
decrease in total segment operating margin was primarily due to restructuring charges in both
segments. Total segment operating earnings were $349.0 million in the fourth quarter of fiscal
2019, down 3 percent from $358.9 million in the same period of fiscal 2018.
• Cash flow provided by operating activities in the fourth quarter of fiscal 2019 was $475.0
million and free cash flow was $450.9 million.
Executive Commentary
"Our broadening portfolio helped deliver better-than-expected performance in the quarter,"
said Chairman and chief executive officer of Rockwell Automation. "Organic sales growth
of 1.4 percent was driven by continued strength in oil and gas, mining, and life sciences, as
well as better performance in automotive and food and beverage."
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Sandvik (Sweden) has signed an agreement to divest the majority of
Sandvik Drilling and Completions
Sandvik has signed an agreement to divest the majority of
Drilling and Completions (Varel), meaning the operations
relating to the oil and gas industry to the private equity firm
Blue Water Energy and its co-investor, the privately-owned
Nixon Energy Investments. Sandvik will remain a minority
owner of 30% of the company and hold a position on the
board.In the oil and gas industry, Sandvik Drilling and
Completions is a global supplier of drilling solutions focusing
on drill bits and downhole products for well construction and
well completion.The contribution to Sandvik’s earnings per
share from the envisaged minority ownership, reported in
associated companies, would have been limited based on the 12
month period ending September 2019.
Executive Commentary
“In line with our strategy, we continue to focus Sandvik’s
business portfolio to core areas. While Sandvik keeps the
mining related part of Drilling and Completions, the oil and
gas related operations will now receive full attention from its
new owners to support profitable growth,” says President
and CEO of Sandvik.
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Sabic(Saudi Arabia) Reports Results for Third Quarter Of 2019
• The company’s revenue in Q3 reached SAR 33.69 billion ($ 8.98
billion) , a decrease of 6% from the previous quarter and 23% against
the same period in 2018.
• Income from operations for the quarter totaled SAR 4.66 billion ($
1.24 billion) a 4% decrease quarter-over-quarter and a 53% decrease
versus the same quarter last year.
• Net income for the third quarter was SAR 0.83 billion ($ 0.22
billion), representing a 61% decrease quarter-over-quarter and an 86%
decrease year-over-year.
Executive Commentary
Announcing the results at a press conference held in SABIC
Headquarters on October 27,SABIC Vice Chairman and CEO,
said: “A challenging business environment exerted a downward
pressure on petrochemical prices in the third quarter of 2019, due
to slower global growth coupled with additional new capacities in
key product lines coming on-stream together with a decline in oil
prices. We are confident about the long-term prospects of the
industry and remain focused on prioritizing our discretionary
growth projects while retaining our strong credit rating. In this
context, we recently celebrated the ground-breaking ceremony for
the petrochemical joint venture project with ExxonMobil in the
U.S. Gulf Coast. In addition, we remain focused on Capital
discipline to support our dividends while we continue to invest in
the reliability and safety of our assets.”
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SKF (Sweden) acquires software development start-up
SKF has completed the acquisition of Form
Automation Solutions (FAS), a US-based software
development start-up company. FAS has developed
GoPlant, a mobile-based asset inspection and data
collection solution used in industrial applications.
The technology will be integrated into SKF’s existing
mobile solutions and Rotating Equipment
Performance offering.
Executive Commentary
President, Industrial Sales, Americas, says: “By
making the technology behind the GoPlant
software a part of our offering, we will strengthen
our customers’ task management and inspection
ability, turning the manual data collection process
into actionable information for the operator. This
supports our aim of helping them improve the
performance and output of their machinery.”
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Spirit AeroSystems (USA) to Acquire Select Assets of Bombardier
Aerostructures and Aftermarket Services Business
Spirit AeroSystems Holdings, Inc. announced it has entered into a definitive
agreement to acquire select assets of Bombardier aerostructures and aftermarket
services businesses in Belfast, Northern Ireland (known as Short Brothers);
Casablanca, Morocco; and Dallas, United States, for cash consideration of $500
million. In addition, Spirit AeroSystems will assume approximately $300 million
in net pension liabilities, and approximately $290 million of government grant
repayment obligations, for a total enterprise valuation of $1,090 million, which
equals 10 times the 2019 estimated Adjusted EBITDA of the acquired business.
At closing, Spirit AeroSystems will pay $500 million to Bombardier and will
make a cash contribution of approximately $130 million towards the pension
liability, for total cash at closing of $630 million.Gentile added that the Spirit
team is excited about the opportunity to expand its operations into Northern
Ireland and Morocco. The addition of the entire work package for the A220 wing
and its technology are critical for the future of next-generation aircraft.
Executive Commentary
"The Bombardier operations bring world-class engineering expertise to Spirit
and add to a strong track record of innovation, especially in advanced
composites," said Spirit AeroSystems President and Chief Executive Officer.
"Belfast has developed an impressive position in business jet fuselage
production, in addition to the world-acclaimed fully integrated A220
composite wing. This acquisition is in line with our growth strategy of
increasing Airbus content, developing low-cost country footprint, and
growing our aftermarket business."
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United Technologies (USA) Reports Third Quarter 2019 Results
• Third quarter sales of $19.5 billion were up 18 percent over the prior year,
including 5 points of organic sales growth and 14 points of acquisition benefit
offset by 1 point of foreign exchange headwind.
• GAAP EPS of $1.33 was down 14 percent versus the prior year and included
82 cents of net nonrecurring charges and 6 cents of restructuring charges.
Adjusted EPS of $2.21 was up 15 percent.
• Net income in the quarter was $1.1 billion, down 7 percent versus the prior
year and included $760 million of net nonrecurring charges.
• Cash flow from operations was $2.5 billion and capital expenditures were
$529 million, resulting in free cash flow of $2.0 billion.
• Collins Aerospace commercial aftermarket sales were up 78 percent and up
20 percent organically. On a pro forma basis, Collins Aerospace commercial
aftermarket sales were up 17 percent including Rockwell Collins. Pratt &
Whitney commercial aftermarket sales were up 6 percent. Equipment orders
at Carrier were down 11 percent organically.
Executive Commentary
"United Technologies delivered another strong quarter with 5 percent
organic sales growth, as well as margin expansion across all four
businesses," said UTC Chairman and Chief Executive Officer. "Our strong
performance through the first three quarters gives us confidence in the
improved adjusted EPS range of $8.05 to $8.15 and free cash flow range
of $5.3 to $5.7 billion for the year.* Continued strength at Collins
Aerospace, including the integration of Rockwell Collins, and a lower tax
rate are expected to more than offset softness we are seeing at Carrier."
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Vestas (Denmark) - Interim financial report, third quarter 2019
• In the third quarter of 2019, Vestas generated revenue of EUR 3,646m – an increase
of 30 percent compared to the year-earlier period.
• EBIT before special items increased by EUR 153m to EUR 429m. The EBIT
margin before special items was 11.8 percent compared to 9.8 percent in the third
quarter of 2018, and free cash flow* amounted to EUR 205m compared to EUR
(223)m in the third quarter of 2018.
• The intake of firm and unconditional wind turbine orders amounted to 4,738 MW
in the third quarter of 2019
• The value of the wind turbine order backlog amounted to EUR 16.5bn as at 30
September 2019. In addition to the wind turbine order backlog, Vestas had service
agreements with expected contractual future revenue of EUR 16.3bn at the end of
September 2019. Thus, the value of the combined backlog of wind turbine orders and
service agreements stood at EUR 32.8bn – an increase of EUR 9.1bn compared to
the year-earlier period.
• Vestas maintains its 2019 guidance on revenue of EUR 11bn-12.25bn, EBIT margin
before special items of 8-9 percent, and total investments* of approx. EUR 800m.
Executive Commentary
Group President & CEO said: “Vestas’ performance in the third quarter of 2019
was in line with expectations with a 30 percent increase year-over-year in
revenue driven by all regions, reflecting unprecedented high activity levels. Our
order backlog increased to a record-high EUR 32.8bn, which corresponds to a 38
percent increase year-over-year and underlines the continued strong global
demand for Vestas’ wind energy solutions. Although our Service business
continued to grow with high margins and the average selling price was stable in
the quarter, our profitability remains impacted by tariffs and increased execution
costs. With an order intake of more than 13 GW already in 2019 and a very busy
2020 ahead, we continue our relentless focus on execution and profitability,
which enable us to sustain our competitiveness and lead the way towards a
sustainable planet”.
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Volvo Group (Sweden) Venture Capital invests in cybersecurity
Volvo Group Venture Capital AB has invested in Upstream Security,
a leading Israeli automotive cybersecurity company. The investment
will fund the development of systems to protect connected vehicles
following the introduction of data-driven technologies.Upstream
Security is a Tel Aviv-based start-up company which provides
cybersecurity solutions designed specifically to protect connected
vehicles from cyber threats or misuse while stationary and in
motion. The investment is a direct result of the Volvo Group’s
partnership with DRIVE, the leading innovation centre that focuses
on disruptive start-ups in the Israeli mobility sector.Market research
shows that there will be substantial growth in the market for
cybersecurity solutions for connected vehicles in the coming years.
Executive Commentary
“Our mission is to protect every connected vehicle and smart
mobility service on the planet. This funding is perfectly timed to
meet the growing demand for our data-driven, cloud-based
platform, providing our customers with the capabilities it needs
to accomplish this vitally important task,” says Upstream
Security co-founder and CEO.
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Description
40
47. Financial, M&A Updates
IT Shades
Engage & Enable
Wärtsilä's(Finland) interim financial report January-September
2019
• Order intake decreased 29% to EUR 979 million (1,372)
• Net sales decreased 16% to EUR 1,118 million (1,330)
• Book-to-bill amounted to 0.88 (1.03)
• Comparable operating result decreased to EUR 39 million (141), which represents 3.5% of
net sales (10.6).
• Earnings per share decreased to -0.01 euro (0.17)
• Cash flow from operating activities decreased to EUR -61 million (122)
Highlights of The Review Period January-September 2019
• Order intake decreased 15% to EUR 3,772 million (4,433)
• Order book at the end of the period increased 6% to EUR 6,294 million (5,918)
• Net sales decreased 4% to EUR 3,486 million (3,642)
• Book-to-bill amounted to 1.08 (1.22)
• Comparable operating result decreased to EUR 254 million (352), which represents 7.3%
of net sales (9.7)
• Earnings per share decreased to 0.20 euro (0.39)
• Cash flow from operating activities decreased to EUR -63 million (121)
Executive Commentary
PRESIDENT AND CEO: “The third quarter proved to be challenging for Wärtsilä, both
in terms of equipment demand trends and financial performance. The decline in order
intake reflected weak vessel contracting and softened demand for scrubber systems, as
well as continued slow decision-making in the energy markets. While the project
pipeline is healthy in both businesses, visibility on order intake timing is limited and
competition is intensifying. Price pressure remains a headwind in the prevailing market
environment. I am pleased to note that despite the challenges we face in the equipment
businesses, services related activity remained sound.”
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41
Key Financial Highlights
48. Financial, M&A Updates
IT Shades
Engage & Enable
Westlake Chemical Corporation (USA) Reports Third Quarter
2019 Results
• Reported net income attributable to Westlake for the three months ended September 30, 2019 of $158 million, or $1.22
per diluted share, on net sales of $2,066 million. Net income in the third quarter of 2019 decreased by $150 million, or
$1.13 per share, compared to third quarter 2018 net income of $308 million, or $2.35 per share, on net sales of $2,255
million. Income from operations for the third quarter of 2019 of $226 million decreased by $170 million from income
from operations of $396 million for the third quarter of 2018.
• Net sales for the third quarter of 2019 decreased by $189 million compared to net sales for the third quarter of 2018,
mainly due to lower sales prices for our major products, partially offset by higher Vinyls and Olefins sales volumes.
Restructuring, transaction and integration-related costs in the third quarter of 2019 were $8 million, or $0.03 per diluted
share.
• Third quarter 2019 net income of $158 million, or $1.22 per diluted share, increased by $39 million from second
quarter 2019 net income of $119 million, or $0.92 per share. Income from operations for the third quarter of 2019 of
$226 million increased by $32 million from income from operations of $194 million for the second quarter of 2019. The
increases in net income and income from operations versus the prior quarter were primarily due to lower ethane
feedstock and fuel costs and lower impacts from planned turnarounds and unplanned outages.
• For the first nine months of 2019, net income of $349 million, or $2.69 per share, decreased by $524 million from the
first nine months of 2018 net income of $873 million, or $6.67 per share. Income from operations of $554 million for
the first nine months of 2019 decreased by $647 million from income from operations of $1,201 million for the first nine
months of 2018.
• Net cash provided by operating activities was $501 million for the third quarter of 2019 and $968 million for the first
nine months of 2019. Capital expenditures for the third quarter of 2019 and for the first nine months of 2019 were $193
million and $604 million, respectively. As of September 30, 2019, cash and cash equivalents were $1,437 million and
long-term debt was $3,424 million.
Executive Commentary
"We are experiencing slower global economic growth in 2019, which has been impacted by international trade
tensions, resulting in a difficult pricing environment," saidPresident and Chief Executive Officer. "In this
challenging environment we are focused on cost control and we are investing in a number of initiatives around the
world which are expected to drive long-term value for our shareholders."
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42
Key Financial Highlights
49. IT Shades
Engage & Enable
For any queries, Please write to marketing@itshades.com
Solutions Updates
Manufacturing Industry
50. Solution Updates
IT Shades
Engage & Enable
Bombardier (Canada) Expands its Smart Services Offerings with Introduction
of New APU Cost-per-flight-hour Option for Global 7500
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43
Solution Description
Bombardier announced the continued expansion of its Smart Services offerings with the introduction of a new APU cost-per-flight-hour
add-on option for its flagship Global 7500 aircraft. This new option will provide customers with comprehensive cost coverage for the
Safran SPU300 [BA] auxillary power unit, including scheduled and unscheduled maintenance events on or off wing. The Smart Services
Global 7500 APU cost coverage option represents Bombardier’s continued commitment to evolve and refine its offerings to meet the
needs of customers. Cost coverage includes exchange or repair of APU line replacement components and associated labour for removal
and re-installation, off-wing APU repair at Bombardier designated repair centres, removal and re-installation labour for the APU on/off
the aircraft, recommended service bulletins and more.With the longest running aircraft cost-per-flight-hour programs in aviation,
Bombardier has gained invaluable customer feedback and experience to enhancing its growing portfolio of programs. The new Smart
Services APU optional cost coverage is yet another addition to a range of optional add-ons available under Smart Part Plus or Smart Parts
Preferred, such as landing gear overhaul and cabin systems components. Scheduled and unscheduled labour cost coverage can also be
added under Smart Parts Preferred. With additional add-on choices, customers can tailor their selected program for their flight operations’
needs.
51. Solution Updates
IT Shades
Engage & Enable
Emerson (USA) Adds Sigmafine Software to Validate Mass Balance and Yield
Accounting Data
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44
Solution Description
Emerson has added the Sigmafine® platform to its software portfolio. Through a partnership with parent company Pimsoft,
Emerson is providing customers with an enterprise-wide platform that validates the accuracy, reliability and usability of plant
measurements to deliver sustainable business results. Having accurate mass balance and yield accounting data is a critical
business practice to mitigate financial risk and reduce losses in the oil and gas, chemical, refining, and food and beverage
industries. As manufacturers embrace digital transformation technologies and programs, accuracy and validation of mass balance
and yield accounting data is the foundation to assess, predict, model, and optimize operations.Emerson’s flow measurement
technologies and mass balance and loss control consulting expertise combined with Sigmafine’s software platform provide a
comprehensive solution that helps customers validate and reconcile data quality of field measurements for custody transfer,
plantwide material balances and yield accounting tasks. Having a reliable dataset for mass balance and yield accounting systems
can significantly improve operations, prevent theft, reduce losses and mitigate financial risk. This reliable dataset is also a critical
enabler for maximizing the accuracy and return on investment of digital transformation and optimization projects.
52. Solution Updates
IT Shades
Engage & Enable
Emerson’s (USA) New Easy-to-Deploy Vibration Sensor Simplifies Asset
Monitoring
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45
Solution Description
Emerson has introduced the AMS Wireless Vibration Monitor, a low-cost, easy-to-deploy vibration sensor that performs prescriptive analytics on
vibration data using native software to automatically identify failure modes and prevent potential problems involving rotating assets. The new compact
device makes it economically feasible to fully monitor motors, pumps, fans and other critical plant equipment to reduce downtime and achieve more
reliable operations. Many organizations lack the analysis expertise to translate vibration data into asset health. The AMS Wireless Vibration Monitor
provides a solution by collecting and contextualizing vibration data to generate actionable information. By applying Emerson’s patented PeakVue™
Plus technology, the device not only identifies when and how assets will fail, but also why. Technicians—regardless of expertise—can quickly and
clearly identify and prioritize common mechanical issues such as bearing defects, gear wear, under-lubrication and pump cavitation, enabling them to
focus more on operations-critical tasks.Users of Emerson’s Plantweb™ Optics asset performance platform allows can conveniently receive machinery
health alerts anywhere with a mobile device. These alerts can also be aggregated with data and asset health information from other sensors and systems,
allowing users to run analytics on all types of assets from a single application. This provides a more complete picture of the operation’s overall health
while generating specific alerts when processes or performance are at risk. Plantweb Optics is part of Emerson’s Plantweb digital ecosystem, which
leverages IIoT technologies, software, and services to expand digital intelligence throughout a workforce.
53. Solution Updates
IT Shades
Engage & Enable
Mitsubishi Electric (Japan) Launches MOVE Elevator in European
Market
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46
Solution Description
Mitsubishi Electric Corporation announced that it launched its new MOVE elevator model featuring fast delivery, space savings and low environmental impact suited to use in medium-
and low-rise office buildings and apartments in Europe. Development and manufacturing are being handled by subsidiary Mitsubishi Elevator Europe B.V. (EMEC), which will market
the model in the Netherlands, UK, France and other European countries, targeting annual sales of 1,500 units in the fiscal year ending in March 2026.
Main Features of MOVE
1) Short delivery times thanks to local production and simplified product structure
• Short production and transportation times due to local production utilizing European parts suppliers
• Simplified product structure realizes faster installations by reducing on-site measurement time
2) Eco-conscious product suited to European market demands
• Product design based on Cradle to Cradle®* concept of reducing impact throughout product lifecycle, from the selection of raw materials to end-of-service recycling
• Optimized for energy efficiency equivalent to top-level Class A** rating of VDI 4707*** standard
• Manufacturing that supports global environment and biodiversity by eliminating the concept of waste to keep materials in a perpetual cycle of use and reuse, from one product to the
next
• Based on in-house research (typical specifications:Capacity 1,050kg, 6 stops, 1.0m/s). Actual classes are determined using installed equipment and may vary depending on
elevator/building specifications
• Elevator energy efficiency standard published by the Association of German Engineers. Classifications ranging from A (highest) to G indicate energy performance