The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
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
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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.
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
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...
oshkosh Q208_Slides
1. Earnings Conference Call
Second Quarter Fiscal 2008
May 1, 2008
Robert G. Bohn
Chairman and Chief Executive Officer
Charles L. Szews
President and Chief Operating Officer
David M. Sagehorn
Executive Vice President and Chief
Financial Officer
Patrick N. Davidson
Vice President of Investor Relations
2. Forward Looking Statements
Our remarks that follow, including answers to your questions and these slides, include statements
that we believe are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. All statements other than statements of historical fact, including
without limitation, statements regarding the Company’s future financial position, business strategy,
targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans
and objectives of management for future operations, are forward-looking statements. When used in
this presentation, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,”
“should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are
generally intended to identify forward-looking statements. These forward-looking statements are
not guarantees of future performance and are subject to risks, uncertainties, assumptions and other
factors, some of which are beyond the Company’s control, which could cause actual results to differ
materially from those expressed or implied by such forward-looking statements. These factors
include the Company’s ability to turn around its Geesink Norba Group business sufficiently to
support its current valuation resulting in no impairment charge; the consequences of financial
leverage associated with the JLG acquisition; the cyclical nature of the Company’s access
equipment, commercial and fire & emergency markets, especially during a recession, which many
believe the U.S. has already entered; the expected level and timing of U.S. Department of Defense
procurement of products and services and funding thereof; risks related to reductions in government
expenditures and the uncertainty of government contracts; risks associated with international
operations and sales, including foreign currency fluctuations; risks related to the collectibility of
access equipment receivables; the Company’s ability to offset rising steel costs through cost
decreases or product selling price increases; and the potential for increased costs relating to
compliance with changes in laws and regulations. Additional information concerning these and other
factors and assumptions is contained in our filings with the SEC, including our Form 8-K filed May 1,
2008. Except as set forth in such Form 8-K, we disclaim any obligation to update such forward-
looking statements.
2
3. Oshkosh Fiscal Q2 2008 Highlights
Sales increased 6.7% OSK Q2 Performance
to $1.8 billion (millions)
Operating income increased $2,000 $180.0
$1,773
$1,800 $1,661
Operating Income
24.8% to $168.2 million
Sales Revenue
$160.0
$1,600 $168.2
$1,400
$140.0
EPS up 42.6% to $0.97 $1,200
$134.8
$1,000 $120.0
$845
$800
Maintaining FY 2008 EPS $100.0
$600
estimate range of $400
$80.0
$200
$4.15 to $4.35 $79.7
$0 $60.0
2006 2007 2008
Strong demand for access Sales Revenue Operating Income
equipment and defense
vehicles driving performance
3
4. Access Equipment
Continued strong international
markets for aerial products offsetting
lower North American sales
Strong performance from broad
base of customers
Well-attended and active ConExpo
2008. New product and service
launches included:
– Ground Support™ - JLG branded after
sales support
– ClearSky™ connected asset technology -
global remote maintenance assurance
– Super compact telehandler
– LiftPod®
4
5. Defense
Performance driven by both new
and remanufactured trucks
Strong expectations for
foreseeable future supported by
solid backlog and funding
requests
Parts & service business
expected to grow significantly in
back half of FY08
JLTV Technology Development
phase proposal submitted with
partner Northrop Grumman
5
6. Fire & Emergency
Weak towing & recovery and
mobile medical/broadcast markets
Pierce fire apparatus
– Strong order activity during the quarter
– Launch of PUC evolution technology
products at FDIC
Continued strong international
airport products activity
Cost containment initiatives
New president at JerrDan
(towing & recovery business)
6
7. Commercial
Significant weakness remains in U.S.
concrete markets
– Maintaining price discipline
Continued cost reduction activities
Domestic refuse products stable in
modestly down market
Geesink Norba Group progress:
– Production of Norba-branded units
started in The Netherlands
– Commenced JLG parts fabrication
in Romania
– New managing director
7
8. Consolidated Results
(Dollars in millions) Second Quarter Comments
2008 2007 • Strong results in
access equipment and
Net Sales $1,772.6 $1,660.7
defense
% Growth 6.7% 96.6%
• Challenging market
conditions continue to
Operating Income $ 168.2 $ 134.8
impact commercial and
% Margin 9.5% 8.1%
fire & emergency
% Growth 24.8% 69.1%
segments
• Corporate expenses in
Earnings Per Share $ 0.97 $ 0.68
line with expectations
% Growth 42.6% 1.5%
8
9. Access Equipment
(Dollars in millions) Second Quarter Comments
2008 2007 • Strong sales in
international markets
Net Sales $813.1 $707.9
• Lower North American
% Growth 14.9% NA
sales as expected
• Significant margin
Operating Income $123.6 $ 53.2
improvement driven by:
% Margin 15.2% 7.5% • Volume
% Growth 132.5% NA • Product and customer mix
• Currency
• Prior year purchase
accounting charges
• Backlog down 29.8%
vs. prior year
9
10. Defense
(Dollars in millions)
Second Quarter Comments
2008 2007
• Continued strong demand
for new and
Net Sales $450.8 $306.0
remanufactured trucks
% Growth 47.3% (8.4)%
• Vehicle product mix, lower
Operating Income $ 59.7 $ 52.8 margin service activity and
higher bid & proposal
% Margin 13.2% 17.3%
spending impacted margin
% Growth 13.0% (19.8)%
• Backlog down 12.6%
vs. prior year
10
11. Fire & Emergency
(Dollars in millions)
Second Quarter Comments
2008 2007
• Lower segment sales
due to OSV, JerrDan
Net Sales $272.3 $294.2
and BAI
% Growth (7.4)% 32.9%
• Margins impacted
mainly by lower
Operating Income $ 20.6 $ 27.6
volumes
% Margin 7.6% 9.4%
% Growth (25.6)% 54.6% • Backlog down 1.9%
vs. prior year
11
12. Commercial
(Dollars in millions)
Comments
Second Quarter
• Weak U.S. concrete
2008 2007
market conditions and
Net Sales $250.9 $361.9
Geesink drove loss
% Growth (30.7)% 20.9%
• Continued solid
domestic refuse orders
Operating Income $ (5.5) $ 22.1
• Backlog down 16.4%
% Margin (2.2)% 6.1%
vs. prior year
% Growth (124.8)% 44.3%
12
13. Oshkosh Fiscal 2008 Estimates
Revenue of $7.1 to $7.3 billion
Expectations:
Access Equipment sales to
increase 25% to 30%
Defense sales to
increase 25% to 30%
Fire & Emergency sales to
increase approximately 5%
Commercial sales to
decrease approximately 20%
13
14. Oshkosh Fiscal 2008 Estimates
Operating Income of $670 to $695 million
Expectations:
Access Equipment margins to
improve by 250 to 300 bps
Defense margins to
decline by 250 to 300 bps
Fire & Emergency margins to
decline by 50 to 100 bps
Commercial margins to
decline by 500 to 550 bps
Corporate expense to
increase by approximately
$25 to $30 million
14
15. Oshkosh Fiscal 2008 Estimates
Other Estimates
Interest expense and other $210 to $215 million (expense)
Effective tax rate 33.5%
Equity in earnings $5.0 to $5.5 million (income)
Average shares outstanding 75 million
15
16. Oshkosh Fiscal 2008 Estimates
FY08 EPS estimate range
of $4.15 to $4.35
Q3 EPS estimate range
of $1.40 to $1.50
Capital spending expected to
approximate $110 million
Expect debt between $2.65 and
$2.75 billion at fiscal year-end
16
17. Fiscal Q2 2008 Summary
Positive outlook for sales, operating income and EPS growth
against difficult economy and weak domestic end markets in
several businesses
– Continued strong demand for access equipment
and defense products
– Slowdown after 2007 engine emissions pre-buy and
macroeconomic issues continue to pressure commercial
and fire & emergency segments
Long-term defense outlook bolstered by strong funding requests
and JLTV program opportunity
Expanding global footprint and strengthening management team
17