Stakeholder Criteria and Ecological Model:
Informing Selection of Approaches Addressing
Harmful Algal Blooms in Grand Lake St. Marys. Presented at the Ohio Academy of Sciences, 2012.
“Psique y Soma” es la primera obra de carácter poético (y la segunda en general) publicada por la escritora sucreña Alma Grace Pineda Terán; la portada corresponde a una pintura del maestro Ángel Almendrales. El selecto proemio “...Me inclino a observar una brizna de hierva estival… Mi lengua, cada átomo de mi sangre, plasmados de este suelo, de este aire... ” W. Whitman, es una condensación muy sugestiva del aspecto existencialista con que la autora ha percibido los diversos dominios practico-sociales subyacentes a los versos plasmados en la obra “Psique y Soma”… título que delata la esencia de la misma. Los poemas se han dado a conocer en múltiples eventos culturales en la costa atlántica y caribe, con gran aceptación.
Stakeholder Criteria and Ecological Model:
Informing Selection of Approaches Addressing
Harmful Algal Blooms in Grand Lake St. Marys. Presented at the Ohio Academy of Sciences, 2012.
“Psique y Soma” es la primera obra de carácter poético (y la segunda en general) publicada por la escritora sucreña Alma Grace Pineda Terán; la portada corresponde a una pintura del maestro Ángel Almendrales. El selecto proemio “...Me inclino a observar una brizna de hierva estival… Mi lengua, cada átomo de mi sangre, plasmados de este suelo, de este aire... ” W. Whitman, es una condensación muy sugestiva del aspecto existencialista con que la autora ha percibido los diversos dominios practico-sociales subyacentes a los versos plasmados en la obra “Psique y Soma”… título que delata la esencia de la misma. Los poemas se han dado a conocer en múltiples eventos culturales en la costa atlántica y caribe, con gran aceptación.
Building and Deploying a Global Intranet with Liferayrivetlogic
Enterprise 2.0 is no longer a hype but a necessity in a new era where more enterprises are starting to have a global presence. As users' expectations of intranets grow it has become crucial for global enterprises to rise to the challenge and stay competitive by providing their employees with an effective means of collaboration, communication and socialization to not just increase productivity, but also strengthen employee loyalty.
This presentation will discuss how Liferay Portal facilitates the architecture of global intranets that meet these challenges, along with practical examples of how it can be used to achieve the results expected from an Enterprise 2.0 intranet.
What is the value of content marketing? How do you know if you are publishing the right type of content? iCrossing's Karen Pate and Terry Sheehan shared insights on how to measure the effectiveness of a content marketing program at the DMA 2013 Conference on October 15, 2013.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
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
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
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
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
2. Forward-Looking Statements
This presentation contains forward-looking statements, including information regarding the Company’s 2007
financial outlook, future plans, objectives, business prospects and anticipated financial performance. These
forward-looking statements are not statements of historical facts and represent only the Company’s current
expectations regarding such matters. These statements inherently involve a wide range of known and unknown
risks and uncertainties. The Company’s actual actions and results could differ materially from what is expressed
or implied by these statements. Specific factors that could cause such a difference include, but are not limited to:
risks associated with the Company’s U.S. government sales, including changes or shifts in defense spending,
uncertain funding of programs, potential termination of contracts, and difficulties in contract performance; the
ability to procure new contracts; the risks of conducting business in foreign countries; the ability to comply with
extensive governmental regulation, including import and export policies and procurement and other regulations;
the impact of competition; the ability to develop products and technologies; the risk of cost overruns, particularly
for the Company’s fixed-price contracts; dependence on component availability, subcontractor performance and
key suppliers; risks of a negative government audit; the use of accounting estimates in the Company’s financial
statements; the potential impairment of the Company’s goodwill; risks associated with Flight Options’ ability to
compete and meet its financial objectives; risks associated with the commuter and fractional ownership aircraft
markets; the outcome of contingencies and litigation matters, including government investigations; the ability to
recruit and retain qualified personnel; risks associated with acquisitions, joint ventures and other business
arrangements; the impact of changes in the Company’s credit ratings; and other factors as may be detailed from
time to time in the Company’s public announcements and Securities and Exchange Commission filings. In
addition, these statements do not give effect to the potential impact of any acquisitions, divestitures or business
combinations that may be announced or closed after the date hereof. The Company undertakes no obligation to
make any revisions to the forward-looking statements contained in this presentation or to update them to reflect
events or circumstances occurring after the date of this presentation.
7/25/2007 Page 2
3. Q2 2007 Highlights
EPS from continuing operations of $0.79, up 30 percent
Net sales of $5.4 billion, up 9 percent
Solid bookings of $5.0 billion; backlog of $33.3 billion
Increases full-year guidance for EPS, bookings and ROIC
Sale of Raytheon Aircraft Company completed, resulting in after-
tax net proceeds of $2.4 billion
Early redemption of $1.0 billion of debt, as previously announced
Repurchased 9.6 million shares for $526 million
7/25/2007 Page 3
4. Bookings and Backlog
Bookings ($B) Backlog ($B)
$33.3
$35.0
$31.5
$12.0
$9.8 $10.3
$30.0
$9.0
$25.0
$5.0
$4.8
$6.0
$20.0
$3.0
$0.0 $15.0
Q2 2006 Q2 2007 YTD 2006 YTD 2007 Q2 2006 Q2 2007
Bookings increase primarily driven by IDS and NCS. Backlog increase primarily
driven by NCS and MS.
Bookings and backlog continue to remain strong
7/25/2007 Page 4
5. Earnings Per Share from Continuing Operations
Diluted EPS ($)
Second Quarter
$1.49
$1.50 Second Quarter 2006 EPS $0.61
$1.22
Operational improvements $0.14
$1.00 • Growth $0.07
$0.79
$0.61 • Performance $0.07
Lower net interest expense $0.08
$0.50
Pension expense $0.05
Debt buyback ($0.09)
$0.00
Second Quarter 2007 EPS $0.79
Q2 2006 Q2 2007 YTD 2006 YTD 2007
Q2 2007 diluted EPS increase was primarily driven by improved performance at IDS,
MS and NCS combined with lower net interest expense and a reduction in pension
expense
Q2 2007 EPS increased by 30 percent
7/25/2007 Page 5
6. Total Company Sales
Second Quarter Sales ($M)
Sales ($B)
%
$12.0
$10.3 Q2 2006 Q2 2007 Change
$9.6
1,038 1,166 12%
IDS
$9.0
633 666 5%
IIS
$5.4 1,117 1,244 11%
MS
$5.0
$6.0
880 1,052 20%
NCS
1,057 1,065 1%
SAS
$3.0
466 473 2%
TS
202 217 7%
Other
$0.0 (420) (464) NM
Corp/Elims
Q2 2006 Q2 2007 YTD 2006 YTD 2007 Total 4,973 5,419 9%
Q2 2007 sales growth in all businesses, led by IDS, MS and NCS
Sales up 9 percent in Q2 2007
7/25/2007 Page 6
7. Operating Margins
Second Quarter Operating Margin/Dollars
Operating Margins (%)
Net
Q2 2006 Q2 2007 Change
17.1% 18.2% 110 bps
IDS
15%
9.2% 9.5% 30 bps
IIS
10.9% 10.6% 10.9% 10.8% (10) bps
MS
9.3% 9.3%
10% 10.3% 13.2% 290 bps
NCS
14.4% 12.5% (190) bps
SAS
6.4% 6.1% (30) bps
TS
5%
-5.0% 0.5% 550 bps
Other
-$63M -$60M $3M
Corp and Elims
-$96M -$63M $33M
FAS/CAS Inc Adj
0%
Q2 2006 Q2 2007 YTD 2006 YTD 2007 Total Cont. Ops 9.3% 10.9% 160 bps
Defense* 12.5% 12.8% 30 bps
Operating margins up in Q2 2007 primarily driven by strong performance at NCS and IDS
* After eliminations of intercompany operating profit
Operating margins up 160 bps in Q2 2007
7/25/2007 Page 7
8. 2007 Financial Outlook Update
Current Prior**
Bookings ($B) 22.0 - 23.0* 21.0 - 22.0
Sales ($B) 21.4 - 21.9 21.4 - 21.9
FAS/CAS Pension Expense ($M) 270 270
Interest expense, net ($M) 45 - 60* 65 - 80
Diluted Shares (M) 446 - 448 446 - 448
EPS from Continuing Operations $3.05 - $3.20* $2.85 - $3.00
(1)
Operating Cash Flow from Cont. Ops. ($B) 0.9 - 1.1* 1.5 - 1.7
(1) Includes cash tax payments of approximately $630 million,
resulting from the sale of Raytheon Aircraft
ROIC (%) 8.6 - 9.1* 8.2 - 8.7
* Denotes change from prior guidance
** As of April 25, 2007
Increased full-year guidance for EPS, bookings and ROIC
7/25/2007 Page 8
9. EPS from Continuing Operations Outlook Update
2007 Full Year
Prior Guidance $2.85 - $3.00
Operational Improvements $0.13
Interest expense, net $0.03
Other items $0.04
Current Guidance $3.05 - $3.20
Strong operating performance driving increase to EPS guidance 4
7/25/2007 Page 9
10. 2007 Financial Outlook: By Business
Current Prior **
Current Prior** Operating Operating
Sales ($B) Sales ($B) Margins/Dollars Margins/Dollars
IDS 4.5-4.7 4.5-4.7 17.3-17.7%* 16.3-16.7%
IIS 2.6-2.8 2.6-2.8 9.1-9.5% 9.1-9.5%
MS 4.6-4.8 4.6-4.8 10.5-10.9% 10.5-10.9%
NCS 3.8-4.0* 3.7-3.9 12.0-12.5%* 10.6-11.0%
SAS 4.3-4.5* 4.5-4.7 13.4-13.8% 13.4-13.8%
TS 2.1-2.3 2.1-2.3 6.2-6.6%* 7.2-7.6%
Other 0.7-0.8 0.7-0.8 (30M)-(40M) (30M)-(40M)
Corp and Elims (1.8) (1.8) (250M)-(260M) (250M)-(260M)
Subtotal $21.4-$21.9 $21.4-$21.9 11.4-11.7%* 11.1-11.4%
FAS/CAS Inc Adj -1.2% -1.2%
Total Cont. Ops $21.4-$21.9 $21.4-$21.9 10.2-10.5%* 9.9-10.2%
Defense after elims $20.6-$21.1 $20.6-$21.1 12.4-12.7%* 12.1-12.4%
* Denotes change from prior guidance
** As of April 25, 2007
Continued focus on performance
7/25/2007 Page 10
12. 2007 Financial Outlook: By Quarter
$ Millions except EPS
Q3 Q4 Total
Sales 25% 28% $21.4B - $21.9B
EPS 22 - 25% 28 - 31% $3.05 - $3.20
Operating Cash Flow
1
from Cont. Ops. $400 - $450 $0.9B - $1.1B $0.9B - $1.1B
1 Includes cash tax payments of approximately $630 million resulting from the sale of Raytheon Aircraft
Note: Adjusted to reflect Q2 2007 YTD results
7/25/2007 Page 12
13. Return on Invested Capital (ROIC) Calculation
$ Millions Outlook
2007E
Income from cont. ops.
Net interest expense, after-tax* Combined
Lease expense, after-tax*
Return $1,470 - 1,535
Net debt**
Equity less investment in disc. ops.
Combined
Lease exp. X 8, plus fin. guarantees
Minimum pension liability/FAS 158
Invested capital from cont. ops.*** $17,050 - 16,850
8.6 - 9.1%
ROIC
* Effective tax rate 33.9%
** Net debt is defined as total debt less cash and cash equivalents & is calculated using a 2 point average
*** Calculated using a 2 point average
We define Return on Invested Capital (ROIC) as income from continuing operations plus after-tax net interest expense plus one-third of operating lease expense after-tax
(estimate of interest portion of operating lease expense) divided by average invested capital after capitalizing operating leases (operating lease expense times a multiplier of
8), adding financial guarantees less net investment in Discontinued Operations, and adding back the cumulative minimum pension liability/impact of FAS 158. ROIC is not a
measure of financial performance under generally accepted accounting principles (GAAP) and may not be defined and calculated by other companies in the same manner.
ROIC should be considered supplemental to and not a substitute for financial information prepared in accordance with GAAP. The Company uses ROIC as a measure of the
efficiency and effectiveness of its use of capital and as an element of management compensation.
7/25/2007 Page 13