Northrop Grumman reported financial results for Q1 2008. Earnings were reduced by $0.61 per share due to a shipbuilding charge. The dividend was increased to $0.40 per share and the company repurchased $600 million in stock. Despite the charge, new business awards were over $12 billion and the company maintained confidence in achieving 2012 financial targets of $42 billion in sales, 10% operating margin, and $8 EPS.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
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USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
2. Safe Harbor Statement
Certain statements and assumptions in these materials contain or are
based on “forward-looking” information. Such “forward-looking”
information includes, and is subject to, numerous assumptions, risks
and uncertainties, many of which are outside Northrop Grumman’s
control. The Safe Harbor Note to today’s press release and Northrop
Grumman’s filings from time to time with the Securities and Exchange
Commission including, without limitation, reports on Form 10-K and
Form 10-Q, describe such economic, political and technological risk
factors and other uncertainties.
2
3. CEO Highlights
• Shipbuilding charge reduces earnings by $0.61
• Dividend increased to $0.40 per share
• 5th consecutive annual increase
• Doubling of dividend since 2003
• 7.6 million shares purchased in Q1 2008 for $600 million
• New business awards total more than $12 billion
• Record $68 billion backlog
• BAMS award
• Substantial opportunity set
• Confidence in 2012 financial targets
3
4. Updated 2008 Outlook
Prior 2008E Current 2008E
Sales ~$33B ~$33B
$5.50 to $5.75
EPS $4.90 to $5.15
Cash from Operations $2.8B to $3.1B $2.6B to $2.9B
Free Cash Flow1 $1.9B to $2.3B $1.7B to $2.1B
1
Non-GAAP measure – see definitions and reconciliations on slides 12 through 14
4
7. Margin Rates
Q1 2008 Q1 2007
I&S 8.3% 7.8%
11.1% 10.8%
Aerospace
Electronics 13.4% 12.6%
Shipbuilding NM 6.8%
Segment OM1 5.9% 9.5%
1
Non-GAAP measure – see definitions and reconciliations on slides 12 through 14
7
8. Cash Highlights
$ Millions Q1 2008 Q1 2007
Net Earnings 264 387
Non Cash items* 222 148
Retiree Benefit Expense in Excess of Funding 31 47
Change in Trade Working Capital (450) (399)
Other 130 231
Cash Used in Discontinued Operations (3) (14)
Cash from Operations 194 400
* Includes depreciation & amortization, stock-based compensation expense and deferred income taxes.
8
9. Business Margin Rates
Prior Current
Q1 2008 2008E 2008E
Low 8%
I&S 8.3% Low 8%
Mid 9%
11.1% ~10%
Aerospace
~12%
Electronics 13.4% Mid 12%
Low 9%
Shipbuilding NM ~3%
Mid to Mid to
Segment OM1 5.9%
high 9% high 8%
1
Non-GAAP measure – see definitions and reconciliations on slides 12 through 14
9
10. 2008 Outlook
Prior Current
2008E 2008E
Sales ~$33B ~$33B
Mid-high Mid-high
Segment OM %1
9% range 8% range
Operating Margin High 8% range
High 9% range
$5.50 to $5.75
EPS $4.90 to $5.15
Cash from Operations $2.6B to $2.9B
$2.8B to $3.1B
$1.9B to $2.3B
Free Cash Flow1 $1.7B to $2.1B
1
Non-GAAP measure – see definitions and reconciliations on slides 12 through 14
10
11. 2012 Financial Targets
2012
Targets
Sales $42B
Operating Margin 10%
EPS $8.00
100% net income
Free Cash Flow1 conversion
100 bps average
RONA1 annual improvement
1
Non-GAAP measure – see definitions and reconciliations on slides 12 through 14
11
12. Non-GAAP Measure Reconciliation
$ Millions Q1 2008
Segment Operating Income1 458
Unallocated expenses (32)
Net pension adjustment 59
Reversal of royalty income (21)
Operating income 464
1
Non-GAAP Measure - see definition on page 14
12
13. Non-GAAP Measure Reconciliation
Q1 2008
($ millions)
Cash from operations 194
Less:
Capital Expenditures 143
Outsourcing contract & related
35
software costs
Free cash flow1 16
1
Non-GAAP Measure - see definition on page 14
13
14. Non-GAAP Measures Definitions
Non-GAAP Financial Measures Disclosure
Today’s presentation and the accompanying web charts contain non-GAAP (Generally Accepted Accounting Principles)
•
financial measures, as defined by SEC Regulation G and indicated by a footnote.
While we believe that these non-GAAP financial measures may be useful in evaluating Northrop Grumman, this
•
information should be considered as supplemental in nature and not as a substitute for financial information prepared in
accordance with GAAP.
Definitions are provided for the non-GAAP measures used in our presentation. Other companies may define the
•
measures differently.
Segment Operating Margin
Segment operating margin is the total earnings from each of our seven segments including allocated pension expense
•
recognized under government Cost Accounting Standards (CAS).
Reconciling items to total company operating margin are:
•
Unallocated expenses, which include unallocated corporate, legal, environmental, state income tax, and other retiree benefits expenses.
–
Net pension expense, which includes GAAP pension expense less the CAS pension expense included in Segment Operating Margin.
–
Management uses segment operating margin as an internal measure of financial performance of our individual business
•
segments. This measure also may be helpful to investors in understanding period-over-period operating results separate
from items that may be influenced by external market fluctuations.
Free Cash Flow
• Free cash flow (FCF) is the cash from operations less capital expenditures and outsourcing contract & related software
costs.
Return on Net Assets
• Return on Net Assets (RONA) is income from continuing operations plus after-tax net interest expense divided by the
average of beginning and year-end net assets. Net Assets are equal to total assets less cash & cash equivalents less
total liabilities excluding debt.
14