Realogy Corporation announced preliminary unaudited results for full year 2007:
- Adjusted EBITDA was $704 million, within previously guided range of $700-725 million.
- Cash balance was $165 million at December 31, 2007.
- $750 million revolving credit facility was undrawn at year-end.
The results are preliminary and unaudited. Realogy will release audited full year results in March 2008 and hold a conference call.
Realogy Corporation announced amendments to its invitation for commitments of up to $500 million in new second lien term loans. The amendments extended the termination date to December 19th and standardized the consideration required to fund commitments accepted after November 26th at the same levels as earlier commitments. Over $237 million in commitments have already been received, for which Realogy has received over $500 million in existing notes. Commitments and delivered notes can no longer be rescinded or withdrawn.
Realogy Corporation reported financial results for the first quarter of 2008. Net revenue totaled $1.05 billion, EBITDA was $4 million, and net loss was $132 million due mainly to interest expense of $164 million. Home sale transaction sides declined 25% at RFG and 27% at NRT compared to the first quarter of 2007. However, Realogy remained in compliance with debt covenants as its senior secured leverage ratio of 4.2x was well below the allowable ratio of 5.6x. Realogy also highlighted strategic accomplishments including franchise sales growth and retention of sales associates.
Realogy Corporation reported its full-year 2007 pro forma combined financial results. Key details include:
- Revenue of $6.0 billion
- Adjusted EBITDA of $816 million
- A net loss of $605 million, largely due to $445 million in non-cash impairment charges recorded in Q4 2007.
- The company exited its "at-risk" government relocation business, which is expected to improve cash flow by $50 million in 2008.
Realogy Corporation reported financial results for the second quarter of 2008. Net revenue was $1.4 billion and EBITDA was $161 million, while the company reported a net loss of $27 million. Home sale transaction sides declined by 21% at RFG and 19% at NRT compared to the prior year. The company launched the Better Homes and Gardens Real Estate franchise and remained in compliance with credit agreement leverage ratios, with a senior secured leverage ratio of 4.9x. Realogy will hold an investor webcast on August 14th to further discuss second quarter results.
Craftmade International Inc. filed its annual report on Form 10-K for the fiscal year ended June 30, 2009. The report discusses the company's two segments - Specialty and Mass - which have been impacted by the economic downturn and decline in housing. In January 2008, the company acquired certain assets of Woodard, LLC, expanding its outdoor furniture offerings. Lowe's remains its largest customer although there are no long-term contracts. The report provides an overview of the company's business operations and financial information.
MetLife filed an 8-K form with the SEC on October 28, 2011 to provide a slide presentation for their upcoming earnings call on the same date. The presentation aimed to summarize the potential impact of an interest rate stress scenario in the US on MetLife, outline mitigating actions already taken regarding investments and business operations, and reassure investors of MetLife's diversification and risk management practices. The filing included the required exhibits and signatures as part of the 8-K form.
Cadence Financial Corporation reported preliminary first quarter results, with a net loss of $17.6 million compared to net income of $2.8 million in the first quarter of 2008. The loss was due to a significant increase in loan loss provisions and non-performing loans. Cadence hired an independent firm to review goodwill valuation and expects an impairment charge, though the size is unknown. The company remains well-capitalized and deposit accounts are FDIC insured. Final results will be reported by May 11 after the goodwill review is completed.
URS Corporation filed its annual report on Form 10-K for the fiscal year ended December 28, 2007. The filing includes information on the company's business segments, clients served, services provided, and markets addressed. It also provides consolidated financial statements and notes to the financial statements.
Realogy Corporation announced amendments to its invitation for commitments of up to $500 million in new second lien term loans. The amendments extended the termination date to December 19th and standardized the consideration required to fund commitments accepted after November 26th at the same levels as earlier commitments. Over $237 million in commitments have already been received, for which Realogy has received over $500 million in existing notes. Commitments and delivered notes can no longer be rescinded or withdrawn.
Realogy Corporation reported financial results for the first quarter of 2008. Net revenue totaled $1.05 billion, EBITDA was $4 million, and net loss was $132 million due mainly to interest expense of $164 million. Home sale transaction sides declined 25% at RFG and 27% at NRT compared to the first quarter of 2007. However, Realogy remained in compliance with debt covenants as its senior secured leverage ratio of 4.2x was well below the allowable ratio of 5.6x. Realogy also highlighted strategic accomplishments including franchise sales growth and retention of sales associates.
Realogy Corporation reported its full-year 2007 pro forma combined financial results. Key details include:
- Revenue of $6.0 billion
- Adjusted EBITDA of $816 million
- A net loss of $605 million, largely due to $445 million in non-cash impairment charges recorded in Q4 2007.
- The company exited its "at-risk" government relocation business, which is expected to improve cash flow by $50 million in 2008.
Realogy Corporation reported financial results for the second quarter of 2008. Net revenue was $1.4 billion and EBITDA was $161 million, while the company reported a net loss of $27 million. Home sale transaction sides declined by 21% at RFG and 19% at NRT compared to the prior year. The company launched the Better Homes and Gardens Real Estate franchise and remained in compliance with credit agreement leverage ratios, with a senior secured leverage ratio of 4.9x. Realogy will hold an investor webcast on August 14th to further discuss second quarter results.
Craftmade International Inc. filed its annual report on Form 10-K for the fiscal year ended June 30, 2009. The report discusses the company's two segments - Specialty and Mass - which have been impacted by the economic downturn and decline in housing. In January 2008, the company acquired certain assets of Woodard, LLC, expanding its outdoor furniture offerings. Lowe's remains its largest customer although there are no long-term contracts. The report provides an overview of the company's business operations and financial information.
MetLife filed an 8-K form with the SEC on October 28, 2011 to provide a slide presentation for their upcoming earnings call on the same date. The presentation aimed to summarize the potential impact of an interest rate stress scenario in the US on MetLife, outline mitigating actions already taken regarding investments and business operations, and reassure investors of MetLife's diversification and risk management practices. The filing included the required exhibits and signatures as part of the 8-K form.
Cadence Financial Corporation reported preliminary first quarter results, with a net loss of $17.6 million compared to net income of $2.8 million in the first quarter of 2008. The loss was due to a significant increase in loan loss provisions and non-performing loans. Cadence hired an independent firm to review goodwill valuation and expects an impairment charge, though the size is unknown. The company remains well-capitalized and deposit accounts are FDIC insured. Final results will be reported by May 11 after the goodwill review is completed.
URS Corporation filed its annual report on Form 10-K for the fiscal year ended December 28, 2007. The filing includes information on the company's business segments, clients served, services provided, and markets addressed. It also provides consolidated financial statements and notes to the financial statements.
pilgrim's pride E6F8E5CC-96EB-4461-AC0C-CA7478A47A6C_PILGRIMSPRIDECO10KAfinance30
This document is an amendment to Pilgrim's Pride Corporation's annual report on Form 10-K for the 2008 fiscal year. It includes additional information required for items 10-14 of Part III, including details on directors, executive officers, executive compensation, security ownership, related party transactions, and accounting fees. The amendment was filed to incorporate this information by reference since the company's definitive proxy statement will not be filed within 120 days of the fiscal year end.
This document is a Form 8-K filed by Harleysville Group Inc. with the SEC reporting its first quarter 2009 results. Key points:
- Operating income was $0.63 per share, impacted by elevated property losses. Statutory combined ratio was 101.9%.
- Commercial lines premiums decreased 8.9% while personal lines increased 6.6%. Commercial combined ratio was 102.6% and personal was 98.9%.
- Investment income decreased but the company maintained a strong capital position with a book value of $23.82 per share and dividend increase of 20%.
- While conditions are difficult, the company remains committed to profitable growth and an operating return on equity of
This document provides supplemental financial information and restated historical consolidated financial statements for HSBC Finance Corporation. Specifically, it restates prior period information to reflect:
1) The results of HSBC Finance Corporation's UK operations as discontinued operations, following the sale of these operations to an affiliate in May 2008.
2) Updated business segment disclosures to combine the Credit Card Services and Retail Services segments into a new Cards and Retail Services segment.
3) Presentation of receivables held for sale as a separate line item in the consolidated balance sheets for all periods presented.
It also provides correcting disclosure for certain delinquency statistics and nonaccrual receivable balances in the Mortgage Services business
This document is Starbucks Corporation's annual report on Form 10-K for the fiscal year ending October 2, 2005 filed with the United States Securities and Exchange Commission. It provides an overview of Starbucks' business operations, financial statements, risks to the business, legal proceedings, executive compensation and other required disclosures. The report details Starbucks' revenues, earnings, assets and liabilities for fiscal year 2005 and prior periods. It also discusses factors that could impact Starbucks' future financial condition and operating results.
First American sent its shareholders its 2007 Form 10-K and amendment instead of the annual report and proxy materials. The company's board will set a date for the annual shareholder meeting where proxy materials and a summary annual report will be provided. First American is separating its Financial Services and Information Solutions businesses into two independent publicly traded companies and will provide updates on its website and SEC filings.
This document provides an annual report for Geopharma, Inc. for the fiscal year ending March 31, 2009. Geopharma operates as a contract manufacturer of nutritional supplements, generic drugs, and health/beauty products. It owns several subsidiaries that focus on different aspects of manufacturing and distribution. Geopharma's strategy is to vertically integrate its operations to increase efficiencies and capitalize on synergies across its business segments. It focuses on research and development to enhance existing products and develop new offerings.
This document is a Form 8-K filed by YRC Worldwide Inc. with the Securities and Exchange Commission on February 13, 2006. It summarizes that YRC is revising its previously reported diluted earnings per share for the three and twelve months ended December 31, 2005 due to an accounting error related to foreign currency entries at its Canadian subsidiary Reimer Express. The revision has no impact on operating income. YRC also reports lower than estimated capital expenditures for 2005.
Clear Channel Communications reported financial results for Q4 and full year 2005. Q4 revenue declined 1% to $1.76B while full year revenue was flat at $6.61B. Net income for Q4 was $461.6M compared to a net loss of $4.67B in Q4 2004. For the full year, net income was $935.7M compared to a net loss of $4.04B in 2004. In Q4 2005, Clear Channel completed an IPO for 10% of its outdoor advertising segment and spun off its live entertainment segment. Radio revenues declined 6% for the year due to implementing a strategy reducing commercial minutes. Outdoor revenues increased 9% with strong growth internationally
- Ingersoll Rand reported a net loss of $26.7 million or $(0.08) per share for Q1 2009, including a loss from continuing operations of $(0.06) per share. Excluding restructuring costs, the loss from continuing operations was $(0.04) per share.
- Total revenues increased 36% to $2.93 billion due to the acquisition of Trane, but declined 24% on a pro forma basis excluding currency impacts.
- The company exceeded its productivity target for the quarter and remains on track to achieve $650 million in productivity for the full year.
- Ingersoll Rand updated its full-year 2009 EPS guidance from continuing operations to $1
Cintas Corporation reported financial results for its fiscal year ended May 31, 2009. Revenue decreased 4% to $3.8 billion due to a steep decline in the US economy and job losses. Net income was $226 million, down 33% from the prior year. Excluding restructuring and impairment charges, earnings per share were $1.83 for the year and $0.38 for the fourth quarter. Despite lower profits, Cintas generated $11 million more in free cash flow than the prior year and strengthened its balance sheet. The company expects results to improve when economic conditions and job growth recover.
This document is Whole Foods Market's annual report on Form 10-K for the fiscal year ended September 28, 2003. It provides an overview of Whole Foods' business including that it is the largest natural and organic supermarket chain in the US, with 145 stores across 26 states and Canada. It discusses factors driving growth in the natural products industry such as health and environmental concerns. The report also provides information on Whole Foods' operations, properties, legal proceedings, market for common stock, financial data, management discussion and analysis, controls and procedures, and incorporates other required information by reference.
Revenues for Realogy Corporation were $1.3 billion for the third quarter of 2008. The company reported a net loss of $50 million for the quarter. Key factors negatively impacting results included $45 million in non-cash losses from Realogy's investment in its loan origination joint venture and $15 million in restructuring charges. Realogy's real estate transaction volumes and home sale prices declined compared to the prior year, consistent with broader housing market trends. The company remained focused on reducing costs through initiatives that have already improved profitability by over $350 million.
The document appears to be a resume or CV for an individual named [NAME]. It includes sections for personal details, education history from 1998-2006, work experience from 2006-present, skills, and contact information. The resume lists multiple degrees and diplomas as well as experience at several companies. It provides details on the person's qualifications, background, and credentials.
This document contains contact information, educational background, work experience, skills, and details about fundraising campaigns for orphanages, NGOs and charitable trusts by CODOCA MTVCOLA MARKETING ADVERTISING AND OUTSOURCING PRIVATE LIMITED and its director Vishvas Yadav. The company sells research papers and donates 50% of profits to social causes, and Vishvas oversees fundraising campaigns and provides contact information for organizations to receive donations. Repeated text promotes project management certification from the company.
UTV13 is the oldest college TV station at the University of Pennsylvania, broadcasting 24/7 on cable channel 13 and reaching over 10,000 subscribers. The station is run entirely by students and offers opportunities to get involved in camerawork, editing, directing, reporting, and more within departments like news, entertainment, sports, and politics. Upcoming events include information sessions in October, a "get to know you" party, and a basketball tournament fundraiser in November.
The document discusses guidelines for designing and developing effective instructional materials. It explains that instructional materials include textbooks, workbooks, and multimedia resources that can motivate students, reinforce learning, and make the learning process more interactive. The Cone of Experience model suggests learning is most effective when it proceeds from concrete to abstract experiences using multiple senses. Examples are given of teachers integrating technology like simulations, spreadsheets, and video conferencing to engage students and enrich various subjects like social studies, geography, science, and language arts.
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The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Революционная партия ее план и оценка деятельностиVadim Karastelev
Обсуждение в рамках проекта "Круг чтения" книги Д.Скотта "Благими намерениями государства". Презентация директора АНО "Институт гуманитарных исследований и социальных технологий" Карачаево-Черкесская республика Батыра Джанкёзова,
If you are looking to get quality exposure on Twitter, then you can take the help of our services. We help you to get quality Twitter followers, which not only stick by your account, but also ensures that the people to attract a lot of change people all along the way. For more info please visit: http://www.paypersocials.net
Presented 25th February 2015 at the Midlands Learn and Share event, part of NCVO's Volunteering in Care Homes Project:
https://www.ncvo.org.uk/practical-support/volunteering/volunteering-in-care-homes
pilgrim's pride E6F8E5CC-96EB-4461-AC0C-CA7478A47A6C_PILGRIMSPRIDECO10KAfinance30
This document is an amendment to Pilgrim's Pride Corporation's annual report on Form 10-K for the 2008 fiscal year. It includes additional information required for items 10-14 of Part III, including details on directors, executive officers, executive compensation, security ownership, related party transactions, and accounting fees. The amendment was filed to incorporate this information by reference since the company's definitive proxy statement will not be filed within 120 days of the fiscal year end.
This document is a Form 8-K filed by Harleysville Group Inc. with the SEC reporting its first quarter 2009 results. Key points:
- Operating income was $0.63 per share, impacted by elevated property losses. Statutory combined ratio was 101.9%.
- Commercial lines premiums decreased 8.9% while personal lines increased 6.6%. Commercial combined ratio was 102.6% and personal was 98.9%.
- Investment income decreased but the company maintained a strong capital position with a book value of $23.82 per share and dividend increase of 20%.
- While conditions are difficult, the company remains committed to profitable growth and an operating return on equity of
This document provides supplemental financial information and restated historical consolidated financial statements for HSBC Finance Corporation. Specifically, it restates prior period information to reflect:
1) The results of HSBC Finance Corporation's UK operations as discontinued operations, following the sale of these operations to an affiliate in May 2008.
2) Updated business segment disclosures to combine the Credit Card Services and Retail Services segments into a new Cards and Retail Services segment.
3) Presentation of receivables held for sale as a separate line item in the consolidated balance sheets for all periods presented.
It also provides correcting disclosure for certain delinquency statistics and nonaccrual receivable balances in the Mortgage Services business
This document is Starbucks Corporation's annual report on Form 10-K for the fiscal year ending October 2, 2005 filed with the United States Securities and Exchange Commission. It provides an overview of Starbucks' business operations, financial statements, risks to the business, legal proceedings, executive compensation and other required disclosures. The report details Starbucks' revenues, earnings, assets and liabilities for fiscal year 2005 and prior periods. It also discusses factors that could impact Starbucks' future financial condition and operating results.
First American sent its shareholders its 2007 Form 10-K and amendment instead of the annual report and proxy materials. The company's board will set a date for the annual shareholder meeting where proxy materials and a summary annual report will be provided. First American is separating its Financial Services and Information Solutions businesses into two independent publicly traded companies and will provide updates on its website and SEC filings.
This document provides an annual report for Geopharma, Inc. for the fiscal year ending March 31, 2009. Geopharma operates as a contract manufacturer of nutritional supplements, generic drugs, and health/beauty products. It owns several subsidiaries that focus on different aspects of manufacturing and distribution. Geopharma's strategy is to vertically integrate its operations to increase efficiencies and capitalize on synergies across its business segments. It focuses on research and development to enhance existing products and develop new offerings.
This document is a Form 8-K filed by YRC Worldwide Inc. with the Securities and Exchange Commission on February 13, 2006. It summarizes that YRC is revising its previously reported diluted earnings per share for the three and twelve months ended December 31, 2005 due to an accounting error related to foreign currency entries at its Canadian subsidiary Reimer Express. The revision has no impact on operating income. YRC also reports lower than estimated capital expenditures for 2005.
Clear Channel Communications reported financial results for Q4 and full year 2005. Q4 revenue declined 1% to $1.76B while full year revenue was flat at $6.61B. Net income for Q4 was $461.6M compared to a net loss of $4.67B in Q4 2004. For the full year, net income was $935.7M compared to a net loss of $4.04B in 2004. In Q4 2005, Clear Channel completed an IPO for 10% of its outdoor advertising segment and spun off its live entertainment segment. Radio revenues declined 6% for the year due to implementing a strategy reducing commercial minutes. Outdoor revenues increased 9% with strong growth internationally
- Ingersoll Rand reported a net loss of $26.7 million or $(0.08) per share for Q1 2009, including a loss from continuing operations of $(0.06) per share. Excluding restructuring costs, the loss from continuing operations was $(0.04) per share.
- Total revenues increased 36% to $2.93 billion due to the acquisition of Trane, but declined 24% on a pro forma basis excluding currency impacts.
- The company exceeded its productivity target for the quarter and remains on track to achieve $650 million in productivity for the full year.
- Ingersoll Rand updated its full-year 2009 EPS guidance from continuing operations to $1
Cintas Corporation reported financial results for its fiscal year ended May 31, 2009. Revenue decreased 4% to $3.8 billion due to a steep decline in the US economy and job losses. Net income was $226 million, down 33% from the prior year. Excluding restructuring and impairment charges, earnings per share were $1.83 for the year and $0.38 for the fourth quarter. Despite lower profits, Cintas generated $11 million more in free cash flow than the prior year and strengthened its balance sheet. The company expects results to improve when economic conditions and job growth recover.
This document is Whole Foods Market's annual report on Form 10-K for the fiscal year ended September 28, 2003. It provides an overview of Whole Foods' business including that it is the largest natural and organic supermarket chain in the US, with 145 stores across 26 states and Canada. It discusses factors driving growth in the natural products industry such as health and environmental concerns. The report also provides information on Whole Foods' operations, properties, legal proceedings, market for common stock, financial data, management discussion and analysis, controls and procedures, and incorporates other required information by reference.
Revenues for Realogy Corporation were $1.3 billion for the third quarter of 2008. The company reported a net loss of $50 million for the quarter. Key factors negatively impacting results included $45 million in non-cash losses from Realogy's investment in its loan origination joint venture and $15 million in restructuring charges. Realogy's real estate transaction volumes and home sale prices declined compared to the prior year, consistent with broader housing market trends. The company remained focused on reducing costs through initiatives that have already improved profitability by over $350 million.
The document appears to be a resume or CV for an individual named [NAME]. It includes sections for personal details, education history from 1998-2006, work experience from 2006-present, skills, and contact information. The resume lists multiple degrees and diplomas as well as experience at several companies. It provides details on the person's qualifications, background, and credentials.
This document contains contact information, educational background, work experience, skills, and details about fundraising campaigns for orphanages, NGOs and charitable trusts by CODOCA MTVCOLA MARKETING ADVERTISING AND OUTSOURCING PRIVATE LIMITED and its director Vishvas Yadav. The company sells research papers and donates 50% of profits to social causes, and Vishvas oversees fundraising campaigns and provides contact information for organizations to receive donations. Repeated text promotes project management certification from the company.
UTV13 is the oldest college TV station at the University of Pennsylvania, broadcasting 24/7 on cable channel 13 and reaching over 10,000 subscribers. The station is run entirely by students and offers opportunities to get involved in camerawork, editing, directing, reporting, and more within departments like news, entertainment, sports, and politics. Upcoming events include information sessions in October, a "get to know you" party, and a basketball tournament fundraiser in November.
The document discusses guidelines for designing and developing effective instructional materials. It explains that instructional materials include textbooks, workbooks, and multimedia resources that can motivate students, reinforce learning, and make the learning process more interactive. The Cone of Experience model suggests learning is most effective when it proceeds from concrete to abstract experiences using multiple senses. Examples are given of teachers integrating technology like simulations, spreadsheets, and video conferencing to engage students and enrich various subjects like social studies, geography, science, and language arts.
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The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Революционная партия ее план и оценка деятельностиVadim Karastelev
Обсуждение в рамках проекта "Круг чтения" книги Д.Скотта "Благими намерениями государства". Презентация директора АНО "Институт гуманитарных исследований и социальных технологий" Карачаево-Черкесская республика Батыра Джанкёзова,
If you are looking to get quality exposure on Twitter, then you can take the help of our services. We help you to get quality Twitter followers, which not only stick by your account, but also ensures that the people to attract a lot of change people all along the way. For more info please visit: http://www.paypersocials.net
Presented 25th February 2015 at the Midlands Learn and Share event, part of NCVO's Volunteering in Care Homes Project:
https://www.ncvo.org.uk/practical-support/volunteering/volunteering-in-care-homes
Learn how to minimize and manage claims placed by homeowners. We’ve compiled tips from our industry expert, Alison Short, Executive Vice President of New Home Division for 2-10 Home Buyers Warranty®, on how to avoid claims and how to best manage them if your homeowner comes back to you.
Breaking down the Barriers - DIY Booklet on inclusion is a
practical guide that offers simple and easy steps for
enabling inclusion of PwD in Corporate Sector.
The booklet has been developed by the practitioners and
experts on inclusion and accessibility from the industry
who have applied them at their workplaces.
We are grateful to Ms. Aradhana Lal, Vice President-
Sustainability Initiatives, Lemon Tree Hotels; Mr. Aman Lal,
Director HR, Yum India; Mr. P Rajasekaran, Co-founder,
V-Shesh and Mr. V Anand, Vice President – Content,
Training & Certification, Centum Learning for their
contribution in developing the booklet.
We sincerely appreciate Aegis Foundation for extending
their support in publishing the booklet.
This document provides descriptions for several jobs in management and business in various locations. The summaries include positions such as a human resources coordinator in New York, a product development coordinator in New York, a radio Disney account executive in Albany, New York, and a loan officer in New Jersey. The jobs cover a range of industries including finance, non-profits, consulting, and media.
CII release said that the government’s achievements during the year can broadly be categorized into four areas, namely corruption-free governance, economic diplomacy, empowerment of states and putting in place key policies to revive investment in the economy. With transformational changes being envisioned not only on the economic front but on the social, technology and foreign policy fronts as well, the first anniversary of the Modi government has been marked by fresh thinking on all major areas of governance, the release said.
Outlining the area of reforms requiring further policy attention, CII has urged the Government to consider policy strategies in ten critical areas that would bring huge economic benefits for growth, investment and employment creation.
Decisão TJPE - Greve dos Professores do RecifeAnna Tiago
I. O Município do Recife entrou com uma ação declarando a ilegalidade da greve dos professores da rede municipal de ensino, alegando que as negociações ainda estavam em curso no momento em que a greve foi deflagrada.
II. O Tribunal de Justiça de Pernambuco é competente para julgar o caso, segundo precedentes do Supremo Tribunal Federal.
III. A educação é um serviço público essencial e a paralisação poderá causar danos graves, portanto a tutela antecipada para suspender a greve foi
Realogy Corporation reported its full-year 2007 pro forma combined financial results. Key details include:
- Revenue of $6.0 billion
- Adjusted EBITDA of $816 million
- A net loss of $605 million, largely due to $445 million in non-cash impairment charges recorded in Q4 2007.
- The company exited its "at-risk" government relocation business, which is expected to improve cash flow by $50 million in 2008.
Realogy Corporation filed a Form 8-K with the SEC to clarify comments made by Henry Silverman, the non-executive chairman of Realogy's board, during a CNBC interview. The Form 8-K notes that Silverman was incorrectly introduced as Realogy's CEO during the interview. It also clarifies that Silverman's comments about Realogy's financial forecasts and market conditions should not be construed as guidance from the company. Specifically, Realogy has not provided financial guidance for 2008 and did not disclose forecasts for average home sale prices or total annual home sale units in the US that were mentioned. Realogy also clarified reported home sale transaction figures for California that did not represent its actual
Realogy Corporation filed a Form 8-K with the SEC to clarify comments made by Henry Silverman, the non-executive chairman of Realogy's board, during a CNBC interview. The Form 8-K notes that Silverman was incorrectly introduced as Realogy's CEO during the interview. It also clarifies that Silverman's comments about Realogy's financial forecasts and market conditions should not be construed as guidance from the company. Specifically, Realogy has not provided financial guidance for 2008 and did not disclose forecasts for average home sale prices or total annual home sale units in the US that were mentioned. Realogy also clarified reported home sale transaction figures for California that did not represent the company
Realogy Corporation reported financial results for the first quarter of 2008. Net revenue totaled $1.05 billion, EBITDA was $4 million, and net loss was $132 million due mainly to interest expense of $164 million. Home sale transaction sides declined 25% at Realogy Franchise Group and 27% at NRT compared to the first quarter of 2007. Realogy's senior secured leverage ratio was 4.2 to 1, well within the maximum allowable ratio of 5.6 to 1 under its credit agreement, demonstrating strong covenant compliance.
Realogy Corporation announced amendments to its invitation for commitments of up to $500 million in new second lien term loans. The amendments extended the termination date to December 19th and equalized the consideration required for commitments made before or after November 26th, with all commitments now requiring delivery of the same amount of existing notes. Realogy has received around $237 million in commitments to date, for which holders have delivered approximately $181 million of subordinated notes, $328 million of cash notes, and $15 million of toggle notes. The closing date remains December 23rd.
- Realogy Corporation reported financial results for the second quarter of 2008, with net revenue of $1.4 billion, EBITDA of $161 million, and a net loss of $27 million.
- Home sale transaction sides declined 21% at RFG and 19% at NRT compared to the prior year, reflecting the difficult housing market. Average home prices also decreased.
- Realogy remains in compliance with debt covenants, with a senior secured leverage ratio of 4.9x versus the allowable 5.6x ratio. The company is focused on reducing costs.
Realogy announced the appointment of V. Ann Hailey to its Board of Directors and as the future Chairman of its Audit Committee. Ms. Hailey is a retired executive from Limited Brands with over 20 years of experience as a chief financial officer. As a new independent director, Ms. Hailey will receive an annual stipend of $150,000 paid in both restricted stock and cash, as well as additional compensation for serving as Audit Committee Chair. She was also issued a welcome grant of stock options in the company.
Realogy announced the appointment of V. Ann Hailey to its Board of Directors and as the future Chairman of its Audit Committee. Ms. Hailey is a retired executive from Limited Brands with over 20 years of experience as a chief financial officer. As a new independent director, Ms. Hailey will receive an annual stipend of $150,000 paid in both restricted stock and cash, as well as additional compensation for serving as Audit Committee Chair. She was also issued a welcome grant of stock options as part of her new role.
Revenues for Realogy Corporation were $1.3 billion for the third quarter of 2008. The company reported a net loss of $50 million for the quarter. Key factors negatively impacting results included $45 million in non-cash losses from Realogy's investment in its loan origination joint venture and $15 million in restructuring charges. Realogy's real estate business drivers such as home sale transactions and average home prices declined compared to the prior year quarter, consistent with broader housing market trends. Realogy remains focused on reducing costs and investing in growth areas of the business during a challenging economic environment.
Clear Channel Communications reported financial results for the fourth quarter and full year of 2007. Revenue increased 4% to $1.84 billion for Q4 2007 and 6% to $6.82 billion for the full year. Net income increased 22% to $223.6 million for Q4 and 36% to $938.5 million for the full year. Diluted earnings per share were $0.45 for Q4 2007, up 22%, and a record $1.89 for the full year, up 37%. The company also reported progress on plans to divest its television and non-core radio assets.
The document is a Form 8-K filed by Micron Technology, Inc. with the SEC on April 2, 2008 reporting their financial results for the second quarter of fiscal year 2008.
The key details are:
1) Micron reported net sales of $1.4 billion for the second quarter, down 11% from the previous quarter due to lower selling prices, partially offset by increased production.
2) They recorded a non-cash goodwill impairment charge of $463 million due to their market capitalization falling below book value.
3) Excluding this charge, their net loss would have been $0.41 per diluted share or $314 million, compared to a loss of $
Clear Channel Communications filed a Form 8-K to revise its 2007 Form 10-K to reclassify certain radio stations from discontinued operations to continuing operations based on a change in plans to sell those stations. The reclassification impacts selected financial data, management's discussion and analysis, financial statements, and related exhibits for all periods presented in the 2007 Form 10-K. Specifically, it reclassifies the assets, results of operations and cash flows of 145 radio stations that were previously classified as discontinued operations. This reclassification has no impact on the company's previously reported net income.
The document summarizes a letter received by Realogy Corporation alleging that the company's invitations to existing noteholders to participate in new second lien loans are not authorized and constitute various breaches. The letter asserts the invitations will be challenged and any security interests voided. Realogy believes the assertions are without merit and intends to defend itself, proceeding with the invitations as scheduled. The letter also threatens to pursue responsible parties for fiduciary duty and securities law violations.
A law firm representing some of Realogy Corporation's noteholders and lenders sent a letter alleging that Realogy's invitation for existing noteholders to participate as lenders in new second lien term loans is not authorized and constitutes various breaches. The letter asserts the company will pursue legal challenges and seek to subordinate the new loans. Realogy believes the assertions are without merit and intends to proceed with the invitation as planned, vigorously defending any legal actions.
The document is a Form 8-K filed by CC Media Holdings, Inc. with the SEC reporting second quarter 2008 financial results. It summarizes that CC Media Holdings reported a 2% increase in revenue to $1.83 billion for Q2 2008 compared to Q2 2007. Operating expenses increased 6% to $1.19 billion, and income before discontinued operations increased 28% to $277.3 million. CC Media Holdings also provided updates on its acquisition of Clear Channel which closed on July 30, 2008, the divestiture of non-core radio stations, revenue and expenses by division, and non-cash compensation expense.
This document provides supplemental financial information for Realogy Corporation for quarters ended March 31, 2007, June 30, 2007, and September 30, 2007. It includes condensed consolidated statements of operations, balance sheets, and cash flows. Key highlights include net revenues of $1.373 billion for Q1 2007, $1.657 billion for Q2 2007, and $1.626 billion for Q3 2007. Net income (loss) was $32 million for Q1 2007, ($149) million for Q2 2007, and ($55) million for Q3 2007. Total assets were $6.598 billion as of March 31, 2007, $12.170 billion as of June 30, 2007, and $12.
This document provides supplemental financial information for Realogy Corporation for quarters ended March 31, 2007, June 30, 2007, and September 30, 2007. It includes condensed consolidated statements of operations, balance sheets, and cash flows. Key highlights include net revenues of $1.4 billion for Q1 2007, $1.7 billion for Q2 2007, and $1.6 billion for Q3 2007. Net income (loss) was $32 million for Q1 2007, ($149) million for Q2 2007, and ($55) million for Q3 2007. Total assets were $6.6 billion as of March 31, 2007, $12.2 billion as of June 30, 2007, and $12.
This document is SLM Corporation's (Sallie Mae) annual report filed with the SEC on Form 10-K. It summarizes Sallie Mae's business operations, including that it originates, services, and collects federal and private student loans. It also discusses recent legislative and market developments that have impacted Sallie Mae's business, including reduced funding access and higher costs due to capital market disruptions, as well as new government programs to support student lending.
1) Goodyear responded to Standard & Poor's decision to place Goodyear's credit ratings on CreditWatch with negative implications as part of a broader action affecting 14 auto industry firms.
2) Goodyear believes S&P's action was misguided because less than 8% of Goodyear's $20 billion in annual sales are to the global operations of the Big Three U.S. automakers, and over 80% are in the replacement tire market.
3) Near-term impacts of challenges facing the Big Three automakers are not expected to materially affect Goodyear's liquidity.
This document is Dollar General Corporation's annual report (Form 10-K) filed with the SEC for the fiscal year ended February 1, 2008. It provides information on Dollar General's business operations, including that it is the largest discount retailer in the US by number of stores. In July 2007, Dollar General was acquired by investment funds affiliated with Kohlberg Kravis Roberts in a $6.9 billion deal that took the company private. The report discusses Dollar General's strategic focus on offering everyday low prices on consumable goods and other products in a small-format, convenient store setting.
This financial review provides operating and financial information for Northeast Utilities (NU) and its subsidiaries through June 30, 2008. Key information includes:
- NU's consolidated revenues for 2007 were $5.822 billion and operating income was $539 million.
- The largest subsidiary, The Connecticut Light and Power Company (CL&P), had revenues of $3.682 billion in 2007 and operating income of $285 million.
- Financial information such as sales, revenues, income, capitalization, debt ratings and dividend payments are presented for NU, CL&P and other subsidiaries from 2007 back to 2003.
1. The 2008 Annual Meeting of Shareholders of Northeast Utilities will be held on May 13, 2008 at 10:30am at the offices of Public Service Company of New Hampshire.
2. Matters to be voted on include electing 12 trustee nominees and ratifying the selection of Deloitte & Touche LLP as the independent auditors for 2008.
3. Directions to the meeting location in Manchester, NH are provided. Shareholders are urged to vote their shares whether attending the meeting or not.
- Net sales increased significantly from $4.74 billion in 1999 to $7.13 billion in 2000. Net income increased slightly from $515.8 million in 1999 to $422 million in 2000.
- The Telecommunications segment saw the largest increase in revenues from $2.96 billion in 1999 to $5.12 billion in 2000, driving the overall revenue growth.
- Pro forma diluted earnings per share, which excludes certain one-time items, increased from $0.67 in 1999 to $1.23 in 2000 despite a smaller increase in net income, reflecting share repurchases.
This annual report summarizes Corning Inc.'s financial performance in 2001, which saw a significant downturn from 2000 due to challenging conditions in the telecommunications sector and global economic weakness. Net sales fell 12% to $6.3 billion and the company reported a net loss of $5.5 billion compared to net income of $409 million in 2000. Corning took actions to reduce costs, including eliminating 12,000 jobs and closing plants. However, the company ended 2001 with $2.2 billion in cash and believes it is well positioned financially and strategically for long-term growth opportunities in key markets like optical fiber and displays.
The annual report summarizes Corning's financial performance in 2002, a challenging year due to the downturn in the telecommunications industry. Corning reported a net loss of $1.3 billion on sales of $3.2 billion, down significantly from 2001. In response, Corning restructured operations, cutting costs and jobs to preserve its financial position. It aims to return to profitability in 2003 by focusing on growing its display glass, environmental, and semiconductor businesses within Corning Technologies. While telecommunications remains weak, Corning maintains its leadership in optical fiber and intends to benefit when the market rebounds.
Corning Inc. is a 152-year-old diversified technology company that focuses on high-impact growth opportunities through specialty glass, ceramics, polymers, and light manipulation. It develops innovative products for telecommunications, displays, environmental, life sciences, semiconductors, and other materials markets. The 2003 annual report discusses priorities of protecting financial health, returning to profitability, and continuing to invest in the future. It emphasizes growth through global innovation, achieving balance and stability, and preserving trust through living the company's values.
The document is Corning's 2006 Annual Report and 2007 Proxy Statement. It provides an overview of Corning's financial performance and highlights in 2006, including record net income and earnings per share. It discusses Corning's strategies of protecting financial health, improving profitability, and investing in the future. It also outlines Corning's leadership transition with Wendell Weeks becoming Chairman and CEO and Peter Volanakis becoming President. Key financial figures for 2006 show net sales of $5.17 billion and net income of $1.85 billion, up significantly from 2005.
Corning Inc. reported strong financial performance in its 2007 Annual Report. Net income reached an all-time high of $2.15 billion, up 16% from 2006. Sales increased 13% to $5.86 billion, driven by high demand for LCD glass and new diesel filtration products. Corning also achieved records for earnings per share at $1.34 and operating cash flow at $2.1 billion. The report discusses Corning's strategy of focusing on innovation to drive growth, maintaining financial stability, and improving business portfolio balance. Key accomplishments in 2007 included expanding LCD glass capacity and developing innovations in optical fiber and life sciences technologies.
Corning posted record performance in the first half of 2008 but experienced weak performance in the second half due to the global recession. While sales were up 21% in the first half, they declined 30% in the fourth quarter compared to the third quarter and previous year. Corning implemented cost-cutting measures like job cuts and spending reductions to prepare for a weak 2009. However, Corning remains confident in its long-term strategies and innovative products to drive future growth once the economy recovers.
Atmos Energy Corporation is a natural gas distribution and pipeline company headquartered in Dallas, Texas. In fiscal year 2008, the company reported $180.3 million in net income on $7.2 billion in operating revenues. Atmos Energy distributes natural gas to 3.2 million customers across 12 states and owns one of the largest intrastate pipeline systems in Texas. The company has grown through acquisitions, adding over 2.9 million customers since 1983, and pursues a strategy of growing its regulated and complementary nonregulated natural gas businesses.
Atmos Energy Corporation will host a conference call on February 4, 2009 at 8:00 am ET to discuss its fiscal 2009 first quarter financial results. Atmos Energy, headquartered in Dallas, is the largest natural gas-only distributor in the US, serving about 3.2 million customers across 12 states. Interested parties can access the conference call by dialing 800-218-0204 or listening online at Atmos Energy's website, where an archive of the call will also be made available until April 30, 2009.
Atmos Energy Corporation reported earnings for the first quarter of fiscal year 2009. Net income was $76.0 million, up slightly from $73.8 million in the prior year. Regulated gas distribution operations contributed $57.8 million in net income, up 25% from the prior year. The company affirmed its fiscal year 2009 earnings guidance of $2.05 to $2.15 per share, excluding mark-to-market impacts. Capital expenditures for the year are expected to be $500-$515 million.
Atmos Energy Corporation declared a quarterly dividend of 33 cents per share to shareholders of record on February 25, 2009. This marks the company's 101st consecutive quarterly dividend. Atmos Energy is the country's largest natural-gas-only distributor, serving about 3.2 million customers across 12 states. It also provides natural gas marketing and pipeline management services.
Fred Meisenheimer was promoted to senior vice president and chief financial officer of Atmos Energy Corporation. Meisenheimer has been acting as interim CFO since January 1, 2009. He joined Atmos Energy in 2000 as vice president and controller and has made valuable contributions to the company's success over eight years. Prior to joining Atmos Energy, Meisenheimer held financial and accounting roles at other energy companies.
Atmos Energy Corporation is a natural gas distribution and pipeline company headquartered in Dallas, Texas. In fiscal year 2008, the company reported $180.3 million in net income on $7.2 billion in operating revenues. Atmos Energy distributes natural gas to 3.2 million customers in 1,600 communities across 8 states. The company has grown significantly through acquisitions, adding over 2.7 million customers since 1983. Atmos Energy aims to continue growing its regulated natural gas distribution operations and complementary nonregulated energy businesses.
This document provides an overview of the nonutility operations of Atmos Energy Corporation. It discusses the corporate structure and business segments, including gas marketing, pipeline and storage, and other nonutility operations. It then provides more detailed descriptions of the storage business models, including proprietary storage, full requirements storage, billable plan storage, and parking and loaning transactions. The storage business models are explained in terms of associated risks, risk management strategies, and impact on margins.
The document discusses forward-looking statements and risks associated with them. It provides an overview of Atmos Energy, including its scope of operations across 12 states in the utility segment and 22 states in the nonutility segment. It also summarizes Atmos Energy's financial and operational performance over time, including earnings growth, dividend increases, and acquisition history such as the purchase of TXU Gas.
A conference call was scheduled for February 8, 2006 at 8:00 am EST to review the company's fiscal 2006 first quarter financial results. The company reported a net income of $100 million, up 19% from the prior year quarter. Earnings per share were $0.88, up 11% from the previous year. Key drivers included a contribution from acquisitions and weather that was colder than the prior year. The utility segment saw higher throughput and gross profit.
The document summarizes a conference call to review the company's fiscal 2006 second quarter financial results. Key points from the quarter include a 1.3% increase in net income compared to the prior year quarter, driven by higher contributions from the natural gas marketing segment due to favorable storage and marketing positions. Earnings per share increased 1.3% while operating expenses rose due to higher employee, bad debt, and regulatory costs. Weather during the quarter was warmer than normal, negatively impacting utility throughput.
The document discusses a conference call to review the company's fiscal 2006 third quarter financial results. It provides details on the company's net income, earnings per share, capital expenditures, and performance by business segment for the quarter. The company reported a net loss for the quarter, driven by unrealized mark-to-market losses in natural gas marketing and warmer than normal weather across many utility divisions.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
South Dakota State University degree offer diploma Transcriptynfqplhm
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An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
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.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Using Online job postings and survey data to understand labour market trends
REALOGY8K11808
1. UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): January 18, 2008 (January 17, 2008)
Realogy Corporation
(Exact Name of Registrant as Specified in its Charter)
Delaware 333-148153 20-4381990
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
One Campus Drive
Parsippany, NJ 07054
(Address of Principal Executive Offices) (Zip Code)
(973) 407-2000
(Registrant's telephone number, including area code)
None
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
2. Item 2.02 Results of Operations and Financial Condition
Anthony E. Hull, Executive Vice President, Chief Financial Officer and Treasurer, and other members of management of
Realogy Corporation (the “Company” or “Realogy”) will be meeting with investors at the JP Morgan High Yield Conference being
held in Miami, Florida on January 22-24, 2008. In anticipation of those meetings, Realogy today announced that based upon its
unaudited preliminary results for the full year 2007:
Adjusted EBITDA for 2007 was $704 million—within the $700 to $725 million guidance disclosed to Realogy’s
bondholders on November 15, 2007;
Its cash balance was approximately $165 million at December 31, 2007; and
Its $750 million revolving credit facility was undrawn at December 31, 2007.
Please see Exhibit 99.1, which is incorporated herein by reference, for a definition of Adjusted EBITDA as used herein and a
reconciliation of the preliminary 2007 Adjusted EBITDA as used herein to the preliminary 2007 income (loss) before income taxes
and minority interest.
The preliminary full year 2007 results have not yet been finalized by management and have not been audited by our independent
registered public accounting firm. When our actual results for 2007 are finalized, they will be audited and will include any
adjustments necessary, in the opinion of management, for a fair presentation of such information. Our actual audited full year 2007
financial results could vary materially from those included in this report.
Realogy expects to release its audited full year 2007 results in mid-March 2008 and to hold a conference call at that time to
review its results.
2
3. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
On January 17, 2008, Realogy’s Board of Directors appointed Dea Benson as Senior Vice President, Chief Accounting Officer
and Controller, effective February 4, 2008.
Prior to being named Chief Accounting Officer of the Company, Ms. Benson, age 53, served from September, 2007 to January
2008 as Chief Accounting Officer of Genius Products, Inc., the managing member and minority owner of Genius Products, LLC, an
independent home entertainment distributor. For more than 11 years prior thereto, Ms. Benson held various financial and accounting
positions with DreamWorks SKG/Paramount Pictures, most recently from November 2002 to January 2006 as Controller of
DreamWorks SKG and from February 2006 to December 2006 as divisional CFO of the Worldwide Home Entertainment division of
Paramount Pictures, subsequent to Paramount’s acquisition of DreamWorks SKG. Ms. Benson is a certified public accountant.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Regulation FD Disclosure
3
4. Forward-Looking Statements
This Current Report on Form 8-K contains certain statements that constitute “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of Realogy to be materially different
from results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by,
followed by or that otherwise include the words “believes”, “expects”, “anticipates”, “intends”, “projects”, “estimates”, “plans”, “may
increase”, “may fluctuate” and similar expressions or future or conditional verbs such as “will”, “should”, “would”, “may” and
“could” are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other
characterizations of future events, circumstances or results are forward-looking statements.
Various factors that could cause actual results, performance or achievements to differ materially from those expressed in such
forward-looking statements include but are not limited to: finalization of our financial results for the year ended December 31, 2007;
our substantial leverage; continuing adverse developments in the residential real estate markets; limitations on flexibility in operating
our business due to restrictions contained in our debt agreements; adverse developments in general business, economic and political
conditions, including changes in short-term or long-term interest rates or mortgage lending practices, and any outbreak or escalation
of hostilities on a national, regional and international basis; our failure to complete future acquisitions or realize anticipated benefits
from completed acquisitions; our failure to maintain or acquire franchisees and brands or the inability of franchisees to survive in the
current real estate downturn and other risk factors discussed in the Registration Statement of Form S-4, as amended, declared
effective by the Securities and Exchange Commission (the “SEC”) on January 9, 2008 and in the periodic reports filed from time to
time by Realogy with the SEC.
In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this Current Report on
Form 8-K may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of
the date stated, or if no date is stated, as of the date of this Current Report on Form 8-K. Important assumptions and other important
factors that could cause actual results to differ materially from those in the forward-looking statements are specified in Realogy’s
filings with the SEC, including Realogy’s Registration Statement of Form S-4, as amended, declared effective by the SEC on
January 9, 2008, under the headings “Risk Factors,” “Forward-Looking Statements” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations.” Except for Realogy’s ongoing obligations to disclose material information under the
federal securities laws, Realogy undertakes no obligation to release any revisions to any forward-looking statements, to report events
or to report the occurrence of unanticipated events unless required by law.
4
5. SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
REALOGY CORPORATION
By: /s/ Anthony E. Hull
Anthony E. Hull, Executive Vice President,
Chief Financial Officer and Treasurer
Date: January 18, 2008
5
6. Exhibit 99.1
Table 1 – Preliminary Full Year 2007 Results — Reconciliation of Adjusted EBITDA to
Income (Loss) Before Income Taxes and Minority Interest (in millions)
Income (loss) before income taxes and minority interest $(604)
Former parent legacy costs (benefit), net (11)
Separation and restructuring costs 42
Merger costs 104
Separation benefits 50
Depreciation and amortization 545
Interest expense, net 523
Stock compensation costs 10
Start-up costs of the BH&G real estate brand —
Apollo management fee 12
Proceeds related to the realization of a contingent asset (WEX) 12
Fair value adjustments for purchase accounting 21
$ 704
Our preliminary full year 2007 results have not yet been finalized by management and have not been audited by our independent
registered public accounting firm. When our actual results for 2007 are finalized, they will be audited and will include any
adjustments necessary, in the opinion of management, for a fair presentation of such information. Our actual audited full year 2007
financial results could vary materially from those included in this report.
Definitions
EBITDA is defined as net income (loss) before depreciation and amortization, interest (income) expense, net (other than
Relocation Services interest for securitization assets and securitization obligations), income tax provision and minority interest).
Adjusted EBITDA is defined as EBITDA before former parent legacy costs (except as it relates to the WEX receivable
proceeds), separation costs, restructuring costs, merger costs, stock compensation costs, separation benefits, net loss relating to the
start-up of the Better Homes & Gardens real estate brand, and Apollo management fees. Adjusted EBITDA also excludes the effects
of purchase accounting adjustments.
Investors should be aware that the term Adjusted EBITDA used herein is different from the definition of Adjusted EBITDA
included in Realogy’s Registration Statement on Form S-4, as amended, declared effective on January 9, 2008 as the measure
included in the Registration Statement is used for covenant compliance purposes under our debt agreements. Adjusted EBITDA, as
used herein, does not make pro forma adjustments for non-cash bad debt expense reflected in 2007 results, mergers and acquisitions
and franchise sales activity during 2007 as if they had occurred on January 1, 2007 or reflect the full year impact of cost cutting
measures taken during the year as if they occurred on January 1, 2007, which adjustments are included in the definition of Adjusted
EBITDA used for covenant compliance purposes.
The financial measures EBITDA and Adjusted EBITDA are supplemental measures of our performance that are not GAAP
measures. We present EBITDA and Adjusted EBITDA
7. because we believe these measures provide investors with important additional information to evaluate our operating performance.
We believe EBITDA and Adjusted EBITDA are useful as supplemental measures in evaluating performance of our operating
businesses and provide greater transparency into our combined results of operations. EBITDA and Adjusted EBITDA are the
measures used by our management, including our chief operating decision maker, to perform such evaluation. EBITDA and Adjusted
EBITDA should not be considered in isolation or as substitutes for net income or other statement of operations data prepared in
accordance with GAAP and our presentation of EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures
used by other companies.
EBITDA and Adjusted EBITDA have limitations as analytical tools, and you should not consider either measure in isolation, or
as an alternative to pretax income or any other operating performance measure presented in accordance with GAAP.