Ply Gem reported second quarter 2014 results with net sales increasing 11.2% to $409.2 million compared to $368.1 million in the second quarter of 2013. Gross profit margin expanded 120 basis points to 21.4% driven by price increases and efficiency improvements, partially offset by integration costs. The windows and doors segment saw a 7.3% increase in net sales due to higher prices and improved product mix, while the siding, fencing, and stone segment increased 14.4% from the acquisition of Mitten completed in 2013.
- Ply Gem reported a 21.2% increase in third quarter net sales to $530.9 million, primarily due to acquisitions of Simonton and Canyon Stone. Gross margin expanded 290 basis points to 25.4% due to price increases, favorable material and freight costs, partially offset by unfavorable foreign exchange rates.
- Adjusted EBITDA increased 38.2% to $76.6 million. Excluding acquisitions, incremental adjusted EBITDA growth was 18.5%. Both the Windows & Doors and Siding, Fencing & Stone segments saw sales growth and gross margin expansion.
Ply Gem reported second quarter 2015 results with net sales increasing 22.8% to $502.3 million due to acquisitions of Simonton and Canyon Stone. Gross margin expanded 340 basis points to 24.8% driven by price increases, cost savings, and favorable commodity costs. Adjusted EBITDA grew 41.4% to $62.6 million. For the third quarter, Ply Gem expects adjusted EBITDA between $71-76 million, representing continued year-over-year growth.
The document is the fourth quarter and full year 2014 results presentation for Ply Gem Holdings. It discusses Ply Gem's financial results for Q4 and full year 2014, including adjusted EBITDA. It also covers acquisition synergies and cost savings, margin initiatives, and the company's economic outlook. Gary Robineau and Shawn Poe present the information and take questions at the end.
- Ply Gem reported 8.7% sales growth in Q1 2016 primarily from organic growth in the US, the Canyon Stone acquisition, and favorable price and product mix. US organic sales grew 12.4% driven by a 7.8% increase in housing starts and better winter weather.
- Gross margin expanded 520 basis points to 21.2% due to higher average selling prices, improved operating leverage from higher volume, favorable commodity costs and synergies from acquisitions.
- Adjusted EBITDA grew to $24.7 million compared to $2.3 million in Q1 2015, an increase of 973%. Ply Gem's LTM adjusted EBITDA exceeded $200 million for the first time
The document provides an agenda and overview for Ply Gem Holdings' first quarter 2015 results presentation. The presentation will review Ply Gem's financial results for Q1 2015, acquired synergies and cost savings, margin initiatives, and economic outlook. Ply Gem is a leading manufacturer of exterior building products with a comprehensive product portfolio and balanced exposure across repair/remodel and new construction end markets.
Bruker Corporation reported financial results for Q2 2014. Revenue grew 1% year-over-year to $457 million, driven by growth in BioSpin and BEST. Non-GAAP EPS increased 17% to $0.21. For the first half of 2014, revenue increased 4% to $881 million and non-GAAP EPS grew 23% to $0.32. The company saw improvements in operating margins and free cash flow. Bruker expects lower revenue growth in the second half of 2014 compared to the first half.
Ply Gem reported fourth quarter and full year 2015 results with the following key highlights:
- Fourth quarter sales declined 4.4% to $430.5 million due to 4 fewer shipping days, while full year sales grew 17.4% to $1,839.7 million driven by acquisitions and organic growth.
- Gross margins expanded 500 basis points in the fourth quarter and 320 basis points for the full year due to price increases, cost savings, and synergies from acquisitions.
- Adjusted EBITDA grew 63.7% in the fourth quarter to $43.2 million and 49.0% for the full year to $184.6 million, driven by margin expansion and
Ply Gem Holdings, Inc. presented an investor presentation in November 2015. The presentation discussed Ply Gem's position as one of the largest manufacturers of exterior building and home improvement products in North America with over $1.8 billion in net sales. It also contained forward-looking statements about Ply Gem's financial projections, discussed its product portfolio and brands, and provided an overview of the North American housing and siding markets. The presentation showed that industry forecasts called for an increase in U.S. single-family home starts in 2015-2017 and highlighted vinyl siding as the dominant siding product in North America, comprising over 75% of the Northeast market.
- Ply Gem reported a 21.2% increase in third quarter net sales to $530.9 million, primarily due to acquisitions of Simonton and Canyon Stone. Gross margin expanded 290 basis points to 25.4% due to price increases, favorable material and freight costs, partially offset by unfavorable foreign exchange rates.
- Adjusted EBITDA increased 38.2% to $76.6 million. Excluding acquisitions, incremental adjusted EBITDA growth was 18.5%. Both the Windows & Doors and Siding, Fencing & Stone segments saw sales growth and gross margin expansion.
Ply Gem reported second quarter 2015 results with net sales increasing 22.8% to $502.3 million due to acquisitions of Simonton and Canyon Stone. Gross margin expanded 340 basis points to 24.8% driven by price increases, cost savings, and favorable commodity costs. Adjusted EBITDA grew 41.4% to $62.6 million. For the third quarter, Ply Gem expects adjusted EBITDA between $71-76 million, representing continued year-over-year growth.
The document is the fourth quarter and full year 2014 results presentation for Ply Gem Holdings. It discusses Ply Gem's financial results for Q4 and full year 2014, including adjusted EBITDA. It also covers acquisition synergies and cost savings, margin initiatives, and the company's economic outlook. Gary Robineau and Shawn Poe present the information and take questions at the end.
- Ply Gem reported 8.7% sales growth in Q1 2016 primarily from organic growth in the US, the Canyon Stone acquisition, and favorable price and product mix. US organic sales grew 12.4% driven by a 7.8% increase in housing starts and better winter weather.
- Gross margin expanded 520 basis points to 21.2% due to higher average selling prices, improved operating leverage from higher volume, favorable commodity costs and synergies from acquisitions.
- Adjusted EBITDA grew to $24.7 million compared to $2.3 million in Q1 2015, an increase of 973%. Ply Gem's LTM adjusted EBITDA exceeded $200 million for the first time
The document provides an agenda and overview for Ply Gem Holdings' first quarter 2015 results presentation. The presentation will review Ply Gem's financial results for Q1 2015, acquired synergies and cost savings, margin initiatives, and economic outlook. Ply Gem is a leading manufacturer of exterior building products with a comprehensive product portfolio and balanced exposure across repair/remodel and new construction end markets.
Bruker Corporation reported financial results for Q2 2014. Revenue grew 1% year-over-year to $457 million, driven by growth in BioSpin and BEST. Non-GAAP EPS increased 17% to $0.21. For the first half of 2014, revenue increased 4% to $881 million and non-GAAP EPS grew 23% to $0.32. The company saw improvements in operating margins and free cash flow. Bruker expects lower revenue growth in the second half of 2014 compared to the first half.
Ply Gem reported fourth quarter and full year 2015 results with the following key highlights:
- Fourth quarter sales declined 4.4% to $430.5 million due to 4 fewer shipping days, while full year sales grew 17.4% to $1,839.7 million driven by acquisitions and organic growth.
- Gross margins expanded 500 basis points in the fourth quarter and 320 basis points for the full year due to price increases, cost savings, and synergies from acquisitions.
- Adjusted EBITDA grew 63.7% in the fourth quarter to $43.2 million and 49.0% for the full year to $184.6 million, driven by margin expansion and
Ply Gem Holdings, Inc. presented an investor presentation in November 2015. The presentation discussed Ply Gem's position as one of the largest manufacturers of exterior building and home improvement products in North America with over $1.8 billion in net sales. It also contained forward-looking statements about Ply Gem's financial projections, discussed its product portfolio and brands, and provided an overview of the North American housing and siding markets. The presentation showed that industry forecasts called for an increase in U.S. single-family home starts in 2015-2017 and highlighted vinyl siding as the dominant siding product in North America, comprising over 75% of the Northeast market.
Rockwell Collins reported financial results for the 3rd quarter of FY2015, with sales increasing 2% to $1.264 billion compared to the previous year. Income from continuing operations increased 9% to $178 million. Commercial Systems sales increased 5% and operating earnings increased 8%, while Government Systems sales decreased 1% and operating earnings decreased 4%. For the nine month period, sales increased 8% to $3.86 billion and income from continuing operations increased 15% to $510 million. The company provided guidance for FY2015 with total sales expected between $5.25-5.3 billion and earnings per share of $5.15-5.25.
This document provides financial results and guidance for Rockwell Collins for the third quarter of FY2014 and full year FY2014. Some key points:
- Third quarter sales were up 12% to $1.264 billion due to growth in commercial systems and the acquisition of ARINC. Income from continuing operations was flat at $163 million.
- Full year guidance for FY2014 is for total sales between $4.9-4.95 billion, total segment operating margins of about 21%, and earnings per share of $4.45-4.55.
- ARINC contributed $134 million in sales for the third quarter and $30 million in EBITDA after excluding transaction and integration costs
Ply Gem reported second quarter and first half 2016 results. For Q2 2016, net sales increased 1.6% to $510.5 million driven by organic growth in the US offset by weaker conditions in Canada. Gross margin expanded 170 bps to 26.5% due to price increases and synergies. Adjusted EBITDA grew 22.8% to $76.9 million. For the first half, net sales increased 4.6% to $919.2 million on organic US growth. Gross margin expanded 310 bps to 24.2% from synergies and costs. Adjusted EBITDA increased $36.9 million to $101.7 million. The Windows and Doors segment reported sales
- The document provides an overview of Ply Gem's fourth quarter and full year 2016 financial results.
- In Q4 2016, net sales increased 7.4% to $462.3 million driven by organic growth in the US. Adjusted EBITDA increased 3.8% to $44.9 million.
- For the full year 2016, net sales increased 3.9% to $1.91 billion and adjusted EBITDA increased 24.4% to a record $229 million due to execution of margin initiatives and cost discipline.
- The document discusses Greif's Q3 2016 earnings conference call. It provides an overview of Greif's financial performance in Q3 2016 including net sales, operating profit, net income, and free cash flow.
- Greif's strategic priorities are building engaged teams, customer service excellence, and achieving transformational performance. In Q3 2016, Greif saw improvements in customer satisfaction scores.
- Rigid Industrial Packaging & Services saw revenue growth excluding divestitures. Gross profit margin increased significantly driven by price/mix management and production efficiencies.
- Paper Packaging & Services increased volumes to offset lower prices while specialty sales expanded 10%. Flexible Products & Services showed a 15% improvement in gross
Ply Gem reported third quarter and nine month 2016 results. For Q3, sales were down slightly but gross profit margin expanded. Adjusted EBITDA increased 7.7% year-over-year, marking the tenth consecutive quarter of improvement. For the nine months, sales increased 2.9% and adjusted EBITDA grew 28.3% due to margin initiatives and cost discipline. The Windows and Doors segment saw lower sales from weather impacts and weakness in Western Canada, while gross margin declined slightly due to higher costs.
- Ply Gem Holdings, Inc. is one of the largest manufacturers of exterior building products in North America with over $1.8 billion in net sales.
- They have a multi-channel distribution network serving new construction and home repair/remodeling end markets.
- The presentation discusses Ply Gem's financial performance, acquisition strategy, industry dynamics, and product portfolio which includes vinyl siding, windows, and stone veneer.
Bruker Corporation reported its Q4 and full year 2013 financial results. For Q4 2013, revenues increased 7% year-over-year to $552 million driven by 6.2% organic growth. Operating income grew 11% and non-GAAP earnings per share increased 11%. For the full year, revenues grew 3% to $1.84 billion while operating margins declined by around 100 basis points due to currency effects. The company provided guidance for 2014 of 3-4% revenue growth and 10-14% growth in non-GAAP earnings per share.
This document contains forward-looking statements and non-GAAP financial measures related to a TD Securities Forest Products Forum presentation. It outlines that all forward-looking statements are based on currently available information and are subject to certain risks and uncertainties. It also states that non-GAAP measures are used by management to evaluate performance and are indicated with footnotes, with reconciliation tables available. The document also contains regulation language regarding the use of non-GAAP measures.
Bruker Corporation reported Q4 2014 and full year 2014 financial results. Q4 revenues declined 8% year-over-year to $508 million due to negative foreign exchange impacts. Full year revenues declined 2% to $1.81 billion due to currency headwinds and softness in some markets. Non-GAAP EPS was $0.30 for Q4 and $0.75 for the full year. Priorities for 2015 include rightsizing operations, accelerating growth in key areas, and entering new markets.
This document provides a summary of Textron's Electrical Products Group conference. It begins with forward-looking statements about strategies, goals, projections, and risks. The summary then outlines Textron's leading branded businesses, which include aviation, helicopters, industrial, systems, and finance. Key programs and new products are highlighted across various business segments to showcase Textron's commitment to future growth both organically and through acquisitions.
Bruker Corporation reported financial results for Q1 2015 with revenues of $353.5 million, down 17% year-over-year due to currency impacts and divestitures. Non-GAAP earnings per share were $0.14, up 27% from $0.11 in Q1 2014, driven by restructuring initiatives and operational improvements. For full-year 2015, Bruker expects organic revenue growth of approximately 1% and over 100 basis points of non-GAAP operating margin expansion despite currency headwinds.
China Telecom Corporation Limited's annual report for 2008 provides an overview of the company's financial performance and operations. In 2008, the company continued its strategic transformation and prepared for full service offerings, positioning it for excellent development prospects despite challenges from pricing changes and new telecommunication methods. The report includes the chairman's statement, management discussion and analysis, audited financial statements, and other details. It summarizes the company's business activities in 2008 and outlook for the future.
Final col q4 fy15 quarterly earnings presentationrockwell_collins
This document provides a summary of Rockwell Collins' financial results for the 4th quarter of FY2015. It reports a 6% increase in income from continuing operations and a 9% increase in EPS compared to the same period last year. Total sales decreased 1% to $1.384 billion. By segment, commercial systems sales were flat, government systems sales decreased 4%, and information management services sales increased 6%. The document also provides FY2015 results, guidance for FY2016, details on research and development spending, and the company's capital structure.
- Bruker Corporation reported a 4% decline in Q3 2014 revenue and a 30% decline in non-GAAP EPS compared to Q3 2013. Revenues were down across most business segments.
- For the year-to-date period, Bruker reported 1% revenue growth but flat non-GAAP EPS. Several divisions experienced revenue declines which were offset by growth in other areas.
- Bruker is committed to transforming the company through restructuring, cost reductions, and investments in growth areas to improve financial performance.
This document provides a summary of Rockwell Collins' 2nd quarter FY 2014 financial results and guidance. Some key points:
- Sales increased 12% to $1.272 billion due to growth in aftermarket and OEM sales. However, income from continuing operations decreased 9% to $147 million.
- Operating earnings increased for Commercial Systems but decreased for Government Systems. Information Management Services saw significant growth due to the ARINC acquisition.
- For the six month period, sales increased 7% but income from continuing operations decreased 5% due to lower operating cash flow.
- The company provided guidance for FY2014 with total sales expected between $4.95-5.05 billion and earnings per share of
The document summarizes Bruker Corporation's Q2 2015 earnings presentation. Key points include:
- Revenues declined 13% year-over-year to $396 million due to currency headwinds and divestitures. Organic revenue growth was 1%.
- Non-GAAP earnings per share were $0.19, down 10% from the prior year.
- For the first half of 2015, revenues declined 15% to $749.5 million but non-GAAP operating margins increased by 90 basis points.
- UGI's Q1 2016 earnings were impacted by significantly warmer weather compared to the prior year period, which lowered volumes. However, this was partially offset by benefits from investments in Midstream & Marketing and the acquisition of Finagaz.
- AmeriGas saw lower volumes due to weather that was nearly 17% warmer than the prior year, but achieved higher unit margins and lower operating expenses.
- UGI International saw higher total margin and earnings due to the Finagaz acquisition, partially offset by warmer weather impacts. Integration is progressing on or ahead of schedule.
- Utilities saw lower throughput from warmer weather, but customer additions partially offset this impact. A rate case was filed in Q2 2016.
Baml housing investor presentation final (12 09 15)masoniteinvestors
- Masonite reported strong Q3 2015 results, with net sales increasing 5.4% excluding foreign exchange and Adjusted EBITDA growing 42% versus Q3 2014.
- Gross profit margin expanded 450 basis points to 18.4% due to pricing strategies and operational improvements.
- The company continues its business transformation through European acquisitions and divestitures, expanding its product portfolio and customer base.
- With its balanced growth strategy producing results, Masonite is well positioned despite an uneven housing market recovery.
- The document discusses Ply Gem Holdings' second quarter and first half 2017 results. It provides an overview of net sales, gross profit, operating earnings, adjusted EBITDA, and end market exposure for Q2 and the first half of 2017. Key highlights include year-over-year sales growth driven by increased demand and favorable pricing in the US and Canada. Gross margins declined slightly due to higher commodity costs, which were partially offset by price increases. Adjusted EBITDA increased compared to the prior year periods.
- The document summarizes third quarter and nine month 2017 results for Ply Gem Holdings, Inc.
- In Q3 2017, net sales increased 6.5% to $564.7 million while adjusted EBITDA decreased to $77.1 million. Gross margin contracted 240 basis points to 23.4% due to higher commodity and freight costs.
- For the first nine months of 2017, net sales increased 6.2% to $1,539.4 million. Adjusted EBITDA increased slightly to $185.3 million as higher sales were offset by higher commodity and material costs.
- The document summarizes Ply Gem's first quarter 2017 results, including financial highlights and performance by business segment. Net sales increased 5.2% year-over-year to $430 million. Adjusted EBITDA increased 9.5% to $27.1 million.
- The Window and Doors segment saw a 3.0% sales increase due to higher prices and volumes. Gross margin expanded due to improved pricing, partially offset by higher costs.
- The Siding, Fencing and Stone segment had an 8.2% sales rise from increased volumes. However, gross margin declined due to higher resin and aluminum costs and product mix.
- Leverage has declined steadily since 2011 and stood at
Rockwell Collins reported financial results for the 3rd quarter of FY2015, with sales increasing 2% to $1.264 billion compared to the previous year. Income from continuing operations increased 9% to $178 million. Commercial Systems sales increased 5% and operating earnings increased 8%, while Government Systems sales decreased 1% and operating earnings decreased 4%. For the nine month period, sales increased 8% to $3.86 billion and income from continuing operations increased 15% to $510 million. The company provided guidance for FY2015 with total sales expected between $5.25-5.3 billion and earnings per share of $5.15-5.25.
This document provides financial results and guidance for Rockwell Collins for the third quarter of FY2014 and full year FY2014. Some key points:
- Third quarter sales were up 12% to $1.264 billion due to growth in commercial systems and the acquisition of ARINC. Income from continuing operations was flat at $163 million.
- Full year guidance for FY2014 is for total sales between $4.9-4.95 billion, total segment operating margins of about 21%, and earnings per share of $4.45-4.55.
- ARINC contributed $134 million in sales for the third quarter and $30 million in EBITDA after excluding transaction and integration costs
Ply Gem reported second quarter and first half 2016 results. For Q2 2016, net sales increased 1.6% to $510.5 million driven by organic growth in the US offset by weaker conditions in Canada. Gross margin expanded 170 bps to 26.5% due to price increases and synergies. Adjusted EBITDA grew 22.8% to $76.9 million. For the first half, net sales increased 4.6% to $919.2 million on organic US growth. Gross margin expanded 310 bps to 24.2% from synergies and costs. Adjusted EBITDA increased $36.9 million to $101.7 million. The Windows and Doors segment reported sales
- The document provides an overview of Ply Gem's fourth quarter and full year 2016 financial results.
- In Q4 2016, net sales increased 7.4% to $462.3 million driven by organic growth in the US. Adjusted EBITDA increased 3.8% to $44.9 million.
- For the full year 2016, net sales increased 3.9% to $1.91 billion and adjusted EBITDA increased 24.4% to a record $229 million due to execution of margin initiatives and cost discipline.
- The document discusses Greif's Q3 2016 earnings conference call. It provides an overview of Greif's financial performance in Q3 2016 including net sales, operating profit, net income, and free cash flow.
- Greif's strategic priorities are building engaged teams, customer service excellence, and achieving transformational performance. In Q3 2016, Greif saw improvements in customer satisfaction scores.
- Rigid Industrial Packaging & Services saw revenue growth excluding divestitures. Gross profit margin increased significantly driven by price/mix management and production efficiencies.
- Paper Packaging & Services increased volumes to offset lower prices while specialty sales expanded 10%. Flexible Products & Services showed a 15% improvement in gross
Ply Gem reported third quarter and nine month 2016 results. For Q3, sales were down slightly but gross profit margin expanded. Adjusted EBITDA increased 7.7% year-over-year, marking the tenth consecutive quarter of improvement. For the nine months, sales increased 2.9% and adjusted EBITDA grew 28.3% due to margin initiatives and cost discipline. The Windows and Doors segment saw lower sales from weather impacts and weakness in Western Canada, while gross margin declined slightly due to higher costs.
- Ply Gem Holdings, Inc. is one of the largest manufacturers of exterior building products in North America with over $1.8 billion in net sales.
- They have a multi-channel distribution network serving new construction and home repair/remodeling end markets.
- The presentation discusses Ply Gem's financial performance, acquisition strategy, industry dynamics, and product portfolio which includes vinyl siding, windows, and stone veneer.
Bruker Corporation reported its Q4 and full year 2013 financial results. For Q4 2013, revenues increased 7% year-over-year to $552 million driven by 6.2% organic growth. Operating income grew 11% and non-GAAP earnings per share increased 11%. For the full year, revenues grew 3% to $1.84 billion while operating margins declined by around 100 basis points due to currency effects. The company provided guidance for 2014 of 3-4% revenue growth and 10-14% growth in non-GAAP earnings per share.
This document contains forward-looking statements and non-GAAP financial measures related to a TD Securities Forest Products Forum presentation. It outlines that all forward-looking statements are based on currently available information and are subject to certain risks and uncertainties. It also states that non-GAAP measures are used by management to evaluate performance and are indicated with footnotes, with reconciliation tables available. The document also contains regulation language regarding the use of non-GAAP measures.
Bruker Corporation reported Q4 2014 and full year 2014 financial results. Q4 revenues declined 8% year-over-year to $508 million due to negative foreign exchange impacts. Full year revenues declined 2% to $1.81 billion due to currency headwinds and softness in some markets. Non-GAAP EPS was $0.30 for Q4 and $0.75 for the full year. Priorities for 2015 include rightsizing operations, accelerating growth in key areas, and entering new markets.
This document provides a summary of Textron's Electrical Products Group conference. It begins with forward-looking statements about strategies, goals, projections, and risks. The summary then outlines Textron's leading branded businesses, which include aviation, helicopters, industrial, systems, and finance. Key programs and new products are highlighted across various business segments to showcase Textron's commitment to future growth both organically and through acquisitions.
Bruker Corporation reported financial results for Q1 2015 with revenues of $353.5 million, down 17% year-over-year due to currency impacts and divestitures. Non-GAAP earnings per share were $0.14, up 27% from $0.11 in Q1 2014, driven by restructuring initiatives and operational improvements. For full-year 2015, Bruker expects organic revenue growth of approximately 1% and over 100 basis points of non-GAAP operating margin expansion despite currency headwinds.
China Telecom Corporation Limited's annual report for 2008 provides an overview of the company's financial performance and operations. In 2008, the company continued its strategic transformation and prepared for full service offerings, positioning it for excellent development prospects despite challenges from pricing changes and new telecommunication methods. The report includes the chairman's statement, management discussion and analysis, audited financial statements, and other details. It summarizes the company's business activities in 2008 and outlook for the future.
Final col q4 fy15 quarterly earnings presentationrockwell_collins
This document provides a summary of Rockwell Collins' financial results for the 4th quarter of FY2015. It reports a 6% increase in income from continuing operations and a 9% increase in EPS compared to the same period last year. Total sales decreased 1% to $1.384 billion. By segment, commercial systems sales were flat, government systems sales decreased 4%, and information management services sales increased 6%. The document also provides FY2015 results, guidance for FY2016, details on research and development spending, and the company's capital structure.
- Bruker Corporation reported a 4% decline in Q3 2014 revenue and a 30% decline in non-GAAP EPS compared to Q3 2013. Revenues were down across most business segments.
- For the year-to-date period, Bruker reported 1% revenue growth but flat non-GAAP EPS. Several divisions experienced revenue declines which were offset by growth in other areas.
- Bruker is committed to transforming the company through restructuring, cost reductions, and investments in growth areas to improve financial performance.
This document provides a summary of Rockwell Collins' 2nd quarter FY 2014 financial results and guidance. Some key points:
- Sales increased 12% to $1.272 billion due to growth in aftermarket and OEM sales. However, income from continuing operations decreased 9% to $147 million.
- Operating earnings increased for Commercial Systems but decreased for Government Systems. Information Management Services saw significant growth due to the ARINC acquisition.
- For the six month period, sales increased 7% but income from continuing operations decreased 5% due to lower operating cash flow.
- The company provided guidance for FY2014 with total sales expected between $4.95-5.05 billion and earnings per share of
The document summarizes Bruker Corporation's Q2 2015 earnings presentation. Key points include:
- Revenues declined 13% year-over-year to $396 million due to currency headwinds and divestitures. Organic revenue growth was 1%.
- Non-GAAP earnings per share were $0.19, down 10% from the prior year.
- For the first half of 2015, revenues declined 15% to $749.5 million but non-GAAP operating margins increased by 90 basis points.
- UGI's Q1 2016 earnings were impacted by significantly warmer weather compared to the prior year period, which lowered volumes. However, this was partially offset by benefits from investments in Midstream & Marketing and the acquisition of Finagaz.
- AmeriGas saw lower volumes due to weather that was nearly 17% warmer than the prior year, but achieved higher unit margins and lower operating expenses.
- UGI International saw higher total margin and earnings due to the Finagaz acquisition, partially offset by warmer weather impacts. Integration is progressing on or ahead of schedule.
- Utilities saw lower throughput from warmer weather, but customer additions partially offset this impact. A rate case was filed in Q2 2016.
Baml housing investor presentation final (12 09 15)masoniteinvestors
- Masonite reported strong Q3 2015 results, with net sales increasing 5.4% excluding foreign exchange and Adjusted EBITDA growing 42% versus Q3 2014.
- Gross profit margin expanded 450 basis points to 18.4% due to pricing strategies and operational improvements.
- The company continues its business transformation through European acquisitions and divestitures, expanding its product portfolio and customer base.
- With its balanced growth strategy producing results, Masonite is well positioned despite an uneven housing market recovery.
- The document discusses Ply Gem Holdings' second quarter and first half 2017 results. It provides an overview of net sales, gross profit, operating earnings, adjusted EBITDA, and end market exposure for Q2 and the first half of 2017. Key highlights include year-over-year sales growth driven by increased demand and favorable pricing in the US and Canada. Gross margins declined slightly due to higher commodity costs, which were partially offset by price increases. Adjusted EBITDA increased compared to the prior year periods.
- The document summarizes third quarter and nine month 2017 results for Ply Gem Holdings, Inc.
- In Q3 2017, net sales increased 6.5% to $564.7 million while adjusted EBITDA decreased to $77.1 million. Gross margin contracted 240 basis points to 23.4% due to higher commodity and freight costs.
- For the first nine months of 2017, net sales increased 6.2% to $1,539.4 million. Adjusted EBITDA increased slightly to $185.3 million as higher sales were offset by higher commodity and material costs.
- The document summarizes Ply Gem's first quarter 2017 results, including financial highlights and performance by business segment. Net sales increased 5.2% year-over-year to $430 million. Adjusted EBITDA increased 9.5% to $27.1 million.
- The Window and Doors segment saw a 3.0% sales increase due to higher prices and volumes. Gross margin expanded due to improved pricing, partially offset by higher costs.
- The Siding, Fencing and Stone segment had an 8.2% sales rise from increased volumes. However, gross margin declined due to higher resin and aluminum costs and product mix.
- Leverage has declined steadily since 2011 and stood at
This document summarizes Barnes Group Inc.'s third quarter 2014 earnings release supplement. It discusses the company's financial results for Q3 2014 including sales growth of 18% driven by an acquisition and 8% organic growth. Adjusted operating income was up 87% and adjusted operating margin increased 610 basis points. Full year 2014 guidance projects net sales growth of 15-16% and adjusted EPS growth of 26-28% compared to 2013. Key factors that could impact 2014 guidance include currency exchange rates, the European economy, and the aerospace aftermarket.
- Q1 earnings presentation for 2017 reported that the company achieved guidance on revenue and profits despite a tough consumer environment.
- Launched 17 new show concepts with many showing potential for growth. Improved key customer metrics including purchase frequency and growth in wearable category customers.
- Digital sales increased as a percentage of total sales and mobile sales increased as a percentage of digital sales. Engagement on social media and streaming platforms also improved.
The document summarizes Masonite's 2014 first quarter earnings presentation. It discusses the company's financial results for Q1 2014 including net sales of $422.5 million, adjusted EBITDA of $19.7 million, and door volume of 7.8 million units. Harsh winter conditions negatively impacted door volume, net sales and adjusted EBITDA compared to Q1 2013. Average unit prices increased in North America and Europe/ROW. Liquidity remains strong with $286.6 million in total available liquidity as of March 30, 2014.
This document is the transcript from Rockwell Collins' 2nd Quarter FY 2015 conference call on April 23, 2015. It discusses Rockwell Collins' financial results for the second quarter and first half of FY 2015, including an 11% increase in sales and 18% increase in income from continuing operations compared to the prior year. Segment results are provided for Commercial Systems, Government Systems, and Information Management Services. The document also provides FY 2015 guidance and discusses capital structure, share repurchases, and definitions of non-GAAP financial measures.
Q3 2014 jnpr financial results slides final - 2014-10-27IRJuniperNetworks
Juniper Networks reported its Q3 2014 financial results. Revenue decreased 5% year-over-year to $1.126 billion due to weakness in certain geographies and markets. However, the company exceeded its cost reduction targets and expanded operating margins to 21.5%. Looking forward, Juniper provided Q4 2014 guidance and outlined additional cost reductions and an increased capital return program totaling $4.1 billion.
- The document is the transcript from Juniper Networks' Q3 2014 financial results conference call, held on October 23, 2014. It includes forward-looking statements and discusses non-GAAP financial measures.
- Key highlights from the quarter include missing revenue targets but making progress on cost reductions and the capital return plan. The company increased its cost reduction commitment to $260 million annualized.
- Financial results saw revenue down 5% year-over-year and 8% quarter-over-quarter, with a non-GAAP operating margin of 21.5%.
Masco reported its second quarter 2013 earnings. Sales increased 10% to $2.1 billion driven by growth in North American new home construction and retail performance. Operating margins increased 290 basis points to 9.6% due to operating leverage and cost control efforts. All business segments contributed to top and bottom line growth. Masco reiterated its commitment to expanding market leadership, reducing costs, improving underperforming businesses, and strengthening its balance sheet.
Masco reported strong financial results for the fourth quarter and full year 2013. Sales grew 9% for both periods driven by new product introductions and improved new home construction and remodeling activity. Adjusted operating profit increased 35% and 44% respectively, due to operating leverage and cost control. All business segments achieved sales and profit growth for the year. The company continues to strengthen its balance sheet, generating over $500 million in free cash flow for 2013 and reducing debt by $200 million. Masco delivered solid performance and expects continued growth in 2014 from innovation, market share gains, and productivity improvements.
Juniper networks q4 2014 financial results slides final 2015-02-23IRJuniperNetworks
- Juniper Networks reported financial results for Q4 2014 with revenue decreasing 14% year-over-year and 2% quarter-over-quarter to $1.1 billion. Excluding the divested Junos Pulse business, revenue decreased 11% year-over-year and increased 1% quarter-over-quarter.
- Non-GAAP operating margin was 21.9% and non-GAAP diluted EPS increased $0.05 quarter-over-quarter to $0.41 per share.
- For the full year 2014, revenue decreased 1% year-over-year while excluding Junos Pulse revenue was flat. Non-GAAP operating margin expanded 1.5 percentage points to
- Juniper Networks reported financial results for Q4 2014 with revenue of $1.1 billion, down 14% year-over-year but up 1% quarter-over-quarter excluding Junos Pulse.
- Non-GAAP operating margin was 21.9%, flat year-over-year as cost reductions offset revenue declines.
- Weakness in the US carrier market impacted routing and security revenue, though demand from cloud providers partially offset declines.
The document provides an earnings presentation for the second quarter of 2014. It summarizes that sales increased 2.5% for the Material Handling segment but decreased for the Distribution segment due to the closure of Canadian branches. Gross profit margin declined due to lower sales versus the prior year. Adjusted net income was $7.2 million, comparable to the prior year. The presentation discusses recent acquisitions and divestitures, provides third quarter and full year 2014 outlooks, and includes reconciliations of non-GAAP financial measures.
Masco Corporation presented its second quarter 2013 earnings results. Key highlights included:
- Sales increased 10% driven by growth in North America and internationally despite challenging markets.
- Margins expanded significantly due to operating leverage from increased volume and focus on cost control.
- All business segments contributed positively to top and bottom line results.
- The company continues to execute on its strategic priorities and delivered a strong quarter.
Masco reported its first quarter 2013 results, with continued margin expansion and sales growth driven by increased North American new home construction activity. The Cabinet segment improved profitability and achieved break-even on an adjusted basis. Weakness continued in the Eurozone. Key highlights included margin improvement across several segments from operating leverage and cost control efforts, as well as successful new product launches and market share gains. Masco is focused on strategic growth initiatives, cost productivity, and debt reduction in 2013.
This document provides financial results and guidance for Rockwell Collins for the third quarter of FY2014 and full year FY2014. Some key points:
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- The North American residential segment saw strong performance from new products and double digit volume growth, though average unit pricing faced some offsetting dynamics. The European segment benefited from portfolio optimization despite impacts from a weak British pound. The architectural segment saw flat volume and lower productivity impacted results.
- Key investments include a new Florida expansion to serve growth markets and digital initiatives to enhance customer platforms and create an e-commerce working platform.
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1. August 8, 2014
Ply Gem Holdings
Second Quarter 2014 Results
Gary E. Robinette Shawn K. Poe
President & Chief Executive Officer Chief Financial Officer
2. LEGAL
Disclaimer
1
These slides and the accompanying oral discussion may contain “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other
factors that could cause the actual results of the Company to differ materially from the results expressed or implied, including:
downturns in the home repair and remodeling or the new construction end markets, or the economy or the availability of
consumer credit; competition from other exterior building products manufacturers and alternative building materials; changes
in the costs and availability of raw materials; consolidation and further growth of our customers; loss of, or a reduction in
orders from, any of our significant customers; inclement weather conditions; increases in union organizing activity and work
stoppages at our facilities or the facilities of our suppliers; our ability to employ, train and retain qualified personnel at a
competitive cost; claims arising from the operations of our various businesses prior to our acquisitions; products liability
claims, including class action claims, relating to the products we manufacture; loss of certain key personnel; interruptions in
deliveries of raw materials or finished goods; environmental costs and liabilities; inability to realize anticipated synergies and
cost savings with respect to acquisitions; manufacturing or assembly realignments; threats to, or impairments of, our
intellectual property rights; increases in fuel costs; material non-cash impairment charges; our significant amount of
indebtedness; covenants in the ABL Facility, the credit agreement governing our Senior Secured Term Loan Facility and the
indenture governing the 6.50% Senior Notes; limitations on our net operating losses and payments under the tax receivable
agreement to our current stockholders; failure to successfully consummate and integrate future acquisitions; actual or
perceived security vulnerabilities or cyberattacks on our networks; failure to effectively manage labor inefficiencies associated
with increased productions and new employees added to the company; failure to generate sufficient cash to service all of our
indebtedness and make capital expenditures; control by the CI Partnerships; failure to maintain effective internal controls over
financial reporting; and the risks set forth in the Company’s filings with the Securities and Exchange Commission.
Consequently such forward-looking statements should be regarded as the Company’s current plans, estimates and beliefs.
Except as required by law, the Company does not undertake and specifically declines any obligation to publicly release the
results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances
after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
In addition, these slides and the accompanying oral discussion reference non-GAAP financial measures, such as adjusted
EBITDA. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure is provided
in the Appendix to these slides and are included in our news release issued on August 8, 2014 and posted on
www.plygem.com.
3. 2
41%
55% 45%
2
Second Quarter 2014 Results
Today’s Presentation
90%
10%
Agenda
• Second-Quarter Review Gary Robinette
• Financial Results Shawn Poe
• Economic Outlook Gary Robinette
• Questions and Answers All
• Closing Remarks Gary Robinette
81%
19%
56%
44%
4. 3
41%
55% 45%
3
One of the Largest Manufacturers of Exterior
Building and Home Improvement Products
90%
10%
Company
Overview
Repair and
Remodel
Leverage to New
Housing Starts
New Products and
Innovation Drive
Share Gains
M&A Opportunities
Platform Built for Growth and Operating Leverage
• Leading Manufacturer of Exterior Building Products
• Comprehensive Product Portfolio with Strong Brand Recognition
• Multi-Channel Distribution Network Servicing a Broad Customer Base
• Balanced End Market Exposure Driven by Diversified Product Mix
• Highly Efficient, Low Cost Operating Platform
• Proven Track Record of Acquisition Integration & Cost Savings Realization
• Strong Management Team with Significant Ownership
US
Canada
80%
20% (*)
SidingWindows
54%
46%
(*)
(*) LTM June 28, 2014
5. 4
Ply Gem
Results
Key HighlightsSecond Quarter Results
Second Quarter 2014 Highlights
• Net sales increase of 11.2% was due to the
acquisitions of Gienow and Mitten which
occurred in the second quarter of 2013, a slight
3.5% increase in U.S. single-family housing starts
and an increase in average selling prices in both
of our business segments.
• Gross margin expansion of 120 basis points
driven by increased average selling prices and
operating efficiency improvement in our U.S.
windows business partially offset by integration
and customer transition expenses related to the
consolidation of our Western Canadian windows
business.
New
construction
53%
Home repair
& remodel
47%
End Market Exposure (*)
($ in Millions) Q2 2014 Q2 2013
Net Sales
Y-O-Y Change
$409.2
11.2%
$368.1
Gross Profit
Gross Profit %
$87.4
21.4%
$74.3
20.2%
Adj. EBITDA $44.3 $41.1
(*) LTM June 28, 2014
6. 5
Windows&
Doors(W&D)
Segment
Key HighlightsSecond Quarter Results
Leader in
Vinyl and Aluminum Windows
$139.2 $127.3
$42.1
$41.6
Q2 2014 Q2 2013
Net Sales
U.S. Canada
$168.9$181.3
New
construction
79%
Home repair
& remodel
21%
End Market Exposure (*)
• 7.3% increase in net sales due largely to higher average selling
prices, improved product mix, and a slight increase from the
acquisition of Gienow into our Western Canada business.
• Gross margin improved by 270 basis points driven by a 470 basis
point gross margin improvement in our U.S. business due to
improved pricing and product mix partially offset by gross margin
contraction in Western Canada due to near-term integration and
restructuring costs related to the consolidation of manufacturing
operations and unfavorable foreign currency exchange rates.
• SG&A expense increased by 6.2% which was attributed to the
increase in net sales of the segment. SG&A expense as a
percentage to net sales was 13.4% which is consistent with the
prior year of 13.6%.
Q2 2014 Q2 2013
U.S. 12.6% 7.1%
Canada 18.2% 23.6%
W&D Segment 13.9% 11.2%
Gross Margin %
(*) For the three months ended June 28, 2014
7. Q2 2013 Gross Margin 11.2%
U.S. W&D C.M. Improvement 4.7%
Gienow Integration/Unfavorable FX -2.0%
Q2 2014 Gross Margin 13.9%
W&D Gross
Margin
Near-term integration and restructuring costs associated
with consolidating operations in Western Canada and
unfavorable foreign currency exchange rate partially
offset by raw material sourcing cost savings & synergies.
Increased freight carrier rates not yet fully offset by
announced selling price increases and logistical
inefficiencies associated with lower volume
Less operating leverage due to sales
volume decreases driven by weather and
pull-back in new construction demand
6
W&D Segment Gross Margin Bridge
and Historical Performance
U.S. Windows improved contribution margin due to selling
price increases, improved product mix and operational
efficiency improvements.
20.9%
15.4% 14.0% 15.4% 13.1% 13.8%
9.7% 10.7%
1,046
622
445 471 431
535
618 621
2007 2008 2009 2010 2011 2012 2013 LTM
Historical Gross Margin Performance
Gross Profit % U.S. SFHS (*)
8. 7
Siding,Fencing
&Stone(SFS)
Segment
Key HighlightsSecond Quarter Results
Market Leader in Vinyl Siding
$191.3 $186.0
$36.6
$13.2
Q2 2014 Q2 2013
Net Sales
U.S. Canada
$199.2
New
construction
35%
Home repair
& remodel
65%
End Market Exposure (*)
• 14.4% increase in net sales due to the acquisition of Mitten
which was completed on May 31, 2013. Mitten favorably
impacted net sales by $20.6 million for the quarter. Organic
net sales increased 4.1% due to increased sales of metal
accessories and higher selling prices.
• Gross margin declined by 50 basis points, driven by higher
raw material costs and freight costs not yet offset by our
recently announced selling price increases partially offset by
cost savings/synergies experienced by Mitten.
• SG&A expense increased by $4.9 million of which $4.3 million
is attributed to Mitten. Excluding Mitten, SG&A expense
increased 3.6% which is consistent with the net sales increase.
Gross Margin %
Q2 2014 Q2 2013
U.S. 27.0% 28.0%
Canada 29.1% 25.6%
SFS Segment 27.3% 27.8%
$227.9
(*) For the three months ended June 28, 2014
9. Q2 2013 Gross Margin 27.8%
Selling price/product mix 3.9%
Freight costs -1.7%
Commodity costs -3.2%
Mitten margin savings/synergies 0.5%
Q2 2014 Gross Margin 27.3%
SFS Gross
Margin
Increased freight carrier rates not yet fully offset by
announced selling price increases. Expected recovery
through realization of full Q1 2014 price increases.
8
SFS Segment Gross Margin Bridge
and Historical Performance
Reflects product mix and the initial impact of the Q1 2014
price increases as a result of rising commodity and freight
costs. As noted during previous price increases, the pull
through of pricing changes occur over a period of 30 to
90 days.
20.4% 18.4% 25.9% 25.7% 24.8% 27.4% 26.8% 26.1%
.5208
.6200 .5288
.6458
.7371
.7775
.8333
.8700
2007 2008 2009 2010 2011 2012 2013 LTM
Historical Gross Margin Performance
Gross Profit % PVC Resin Price (*)
Mitten gross margin improvements associated with cost
savings and synergies related to raw material sourcing,
material improvements, and manufacturing efficiencies.
Increased raw material costs, mainly PVC commodity costs,
not yet fully offset by announced selling price increases.
Expected recovery through realization of Q1 2014 price
increases.
10. 9
Windows
Segment
The Market Innovator
The Leading Brand
Lean through Technology
Our Future Leaders
New Channels and Markets
Selling Price Increases
March 2014 announced price increases of 5% to 10% expected to be realized in
2nd half of year
Roll-Out of Sales & Operations Planning (S&OP) System
Enhanced capacity and resource planning system
Expected to reduce future ramp-up costs and maximize fixed manufacturing
investments
System has been rolled out to our U.S. manufacturing facilities
Continue to train associates on the system
Integrate the tool within the business decision process, part of the culture
Windows & Doors Segment Margin
Initiatives
Continued Implementation of Enterprise Lean
Product simplification improves manufacturing flexibility
Estimated annual savings of $10M when fully implemented in 2016
11. 10
Ply Gem
Outlook
The Market Innovator
The Leading Brand
Lean through Technology
Our Future Leaders
New Channels and Markets
3Q 2014 Guidance
Based on the current forecast of the U.S. housing market and R&R spend, we
expect EBITDA for Q3 2014 in the range of $50.0 to $55.0 million
New Product Introductions
Cellular PVC trim & moldings and DurataTM stone panels continue to gain
traction and produce meaningful growth rates
Engineered slate roofing has begun shipping into the Mid-Atlantic and Northeast
markets
Economic Outlook & Guidance
Expect Continued Growth in U.S. Housing Starts
Consensus for 2014 has come down but currently remains above 675,000 SFHS
Expect continued choppiness in U.S. housing recovery
Canadian housing starts expected to be flat
14. (amounts in thousands) For the three months ended
June 28, 2014
For the three months ended
June 29, 2013
Net income (loss) $11,380 ($50,877)
Interest expense, net 17,225 24,833
Provision (benefit) for income taxes 7,051 (731)
Depreciation and amortization 11,254 11,171
Non cash loss (gain) on foreign currency transactions (477) 346
Acquisition costs - 1,025
Management fee (terminated in May 2013) - 175
Customer inventory buybacks 359 2,172
Restructuring/integration expense 1,462 1,439
Non cash charge of purchase price allocated to inventories - 883
Initial public offering costs - 23,527
Tax receivable agreement liability adjustment (3,942) 8,143
Loss on modification or extinguishment of debt - 18,948
Adjusted EBITDA $44,312 $41,054
13
Second Quarter Adjusted EBITDA Reconciliation
Appendix