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.
Monkey Busineksen Hugo & Ville pelasivat oheisen esityksen mukaisesti Mielenmallipeliä Keski-Suomen Kauppakamarin Vientikillan kanssa 22.11. Taulun Kartanossa. Pelin kesto n. 1,5h ja kysymykset kevyitä ja muutama vakavampikin.
Tämä on ensimmäinen version Monkeyn Credosta. Kyse on subjektiivisista ajatuksista liittyen johtamiseen, oppimiseen, tekemiseen, dialogiiin ja systeemiälyyn. Kertokaa mitä mieltä olette! http://www.banana.fi
Banana.fi Website Statistics April 2012 UpdateVille Keranen
I have been collecting website statistics since the launch of our first website 4 years ago, in April 2008. It's quite curious how the website users have gotten up every year. This past March we hit the record with 3905 unique visitors. Number of visits in total 7345, and pages visited 34199 (4.65 Pages/Visit). Quite numbers, so thanks a lot for all for your support.
Kolahduksia JES-lounaalta: Tuulenmäki lupa toimia eri lailla 25.3.2013Ville Keranen
Aalto-yliopiston MIND tutkimusryhmän vetäjä, Yli-innovaatioaktivisti Anssi Tuulenmäki heitti hyvä luennon 25.3.2013 pidetyssä Jyväskylä Entrepreneurship Society:n tilaisuudessa.
Nappasin lauseita muistikirjaani muistin virkistämiseksi. Suodatin ajatuksia oman maailmani läpi, ja osa lauseista on voinut muuttua hieman matkalla Anssin suusta Ilokiven lavalta äänentoiston kautta korviini, ja siitä käteni ja kynän kautta paperille, ja siitä viimein tähän tietokoneelle. Kannattaa suhtautua pienellä varauksella.
Kolahdusten kirjaaja ja fonttipläjäyksen tekijänä toimi Monkey Busineksen luovuusjohtaja, Ville Keksijä Keränen.
Monkey Busineksen Hugo & Ville pelasivat oheisen esityksen mukaisesti Mielenmallipeliä Keski-Suomen Kauppakamarin Vientikillan kanssa 22.11. Taulun Kartanossa. Pelin kesto n. 1,5h ja kysymykset kevyitä ja muutama vakavampikin.
Tämä on ensimmäinen version Monkeyn Credosta. Kyse on subjektiivisista ajatuksista liittyen johtamiseen, oppimiseen, tekemiseen, dialogiiin ja systeemiälyyn. Kertokaa mitä mieltä olette! http://www.banana.fi
Banana.fi Website Statistics April 2012 UpdateVille Keranen
I have been collecting website statistics since the launch of our first website 4 years ago, in April 2008. It's quite curious how the website users have gotten up every year. This past March we hit the record with 3905 unique visitors. Number of visits in total 7345, and pages visited 34199 (4.65 Pages/Visit). Quite numbers, so thanks a lot for all for your support.
Kolahduksia JES-lounaalta: Tuulenmäki lupa toimia eri lailla 25.3.2013Ville Keranen
Aalto-yliopiston MIND tutkimusryhmän vetäjä, Yli-innovaatioaktivisti Anssi Tuulenmäki heitti hyvä luennon 25.3.2013 pidetyssä Jyväskylä Entrepreneurship Society:n tilaisuudessa.
Nappasin lauseita muistikirjaani muistin virkistämiseksi. Suodatin ajatuksia oman maailmani läpi, ja osa lauseista on voinut muuttua hieman matkalla Anssin suusta Ilokiven lavalta äänentoiston kautta korviini, ja siitä käteni ja kynän kautta paperille, ja siitä viimein tähän tietokoneelle. Kannattaa suhtautua pienellä varauksella.
Kolahdusten kirjaaja ja fonttipläjäyksen tekijänä toimi Monkey Busineksen luovuusjohtaja, Ville Keksijä Keränen.
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
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
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
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.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
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 price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
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
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
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
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.
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 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
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
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