This document summarizes Sonoco's second quarter 2012 financial results. Key points include:
- Base EPS was $0.58 compared to $0.60 in Q2 2011.
- Net sales increased 6.6% to $1.2 billion due to acquisitions and price increases offsetting lower volume.
- Gross profit rose 13.3% but SG&A expenses rose 20.5% lowering pre-tax income 2.1%.
- Guidance for full-year 2012 base EPS is $2.34 to $2.39, up from $2.29 in 2011.
Structural Packaging Summit: Using Consumer Insights to Satisfy the CustomerSonoco
Most of us are experts in our respective industries, but how do you become an expert in what the consumer wants? Jack Sanders, president and CEO-elect of Sonoco, will discuss Sonoco’s work to satisfy its customers using consumer insight research, and how this was successful in a recent collaboration with Pepperidge Farm on the brand’s popular Baked Naturals® Cracker Chip snack.
Structural Packaging Summit: Using Consumer Insights to Satisfy the CustomerSonoco
Most of us are experts in our respective industries, but how do you become an expert in what the consumer wants? Jack Sanders, president and CEO-elect of Sonoco, will discuss Sonoco’s work to satisfy its customers using consumer insight research, and how this was successful in a recent collaboration with Pepperidge Farm on the brand’s popular Baked Naturals® Cracker Chip snack.
Explore Talks on "Manufacturing 4.0" | Il lato solido dell'innovazione tra te...Coppa+Landini
Emilio Genovesi, AD di Material ConneXion Italia, ha presentato i trend relativi al mondo dei materiali che
rappresenteranno un’innovazione forte per l’industria 4.0 e per le nuove tecnologie.
Oracle Process Manufacturing enables firms to better manage batch production involving variable ingredients, scalable recipes and flexible routings to satisfy unique specifications typically found in chemicals, food and beverage, life sciences, pharma and natural resources.
Presentation with Jim Prescott of Sonoco Products on S&OP at CSCMP in San Ant...Lora Cecere
Sales and operations planning improves enterprise resiliency. In this presentation, we define enterprise resiliency and then discuss how an effective sales and operations planning process can improve enterprise resiliency and balance sheet results.
Applying Lean Six Sigma to the Supply ChainBusiness901
This is a transcription of a podcast with Jeff Slater, an expert in his field and he has some very progressive ideas on how to leverage the Supply Chain for competitive advantage. Lean Six Sigma is a tool that he uses to accomplish many of his objectives and he explained the use of them at Sonoco.
The presentation given by Philippe Depallens, General Manager at Ultimate Ears Pro, at the Supply Chain Insights Global Summit in Scottsdale, AZ on September 10, 2014
This assignment for American Eagle Outfitter for F.docxronnag9bkla
This assignment for American Eagle Outfitter for Fed 2,2013 -Jan,28 2012
Tool Kit for Analysis of Financial Statements
Financial statements are analyzed by calculating certain key ratios and then comparing them with the ratios of other firms and by examining the trends in ratios over time.
We can also combine ratios to make the analysis more revealing, those indicated below are exceptionally useful for this type of analysis.
RATIO ANALYSIS (Section 3.1)
American Eagle outtfitters Years starts and ends on Feb 2 2013, Jan 28,2012
Input Data:
2013
2012
Year-end common stock price
$12.26
$13.86
Year-end shares outstanding (in thousands)
616,756
612,191
Tax rate
15%
12%
After-tax cost of capital
Lease payments (in thousands)
$18,998
$21,439
Required sinking fund payments
$0
$0
Balance Sheets
(in thousands of dollars)
Assets
2013
2012
Cash and equivalents
$906,223
$767,218
* Added to cash and quivalents prepaid expense and deferred income taxes
Short-term investments
$2,995,097
$2,461,700
2013
2012
Accounts receivable
$454,252
$336,143
69,701
49,411
prepaid expenses and other
Inventories
$419,686
$340,297
103,736
49,931
deferred income taxes
Total current assets
$4,775,258
$3,905,358
Net plant and equipment
$1,636,987
$1,647,570
* In addition to equpment also includes goodwill, intangible assets, and other assets
Total assets
$6,412,245
$5,552,928
2013
2012
641,030
641,030
goodwill
Liabilities and equity
312,332
326,136
intangible assets
Accounts payable
$356,428
$335,072
107,481
120,332
other assets
Notes payable
$0
$0
Accruals
$619,795
$594,886
Total current liabilities
$976,223
$929,958
Long-term bonds
$608,319
$477,246
2013
2012
Total liabilities
$1,584,542
$1,407,204
3,193,623
2,900,896
additional paid-in capital
Preferred stock (2,00,000 shares: none issued)
$0
$0
-1,622,709
-1,496,904
treasury stock
Common stock (616,756,134 shares oustanding 2013 and 612,191,412 outstanding in 2012
$720
$700
9981
10,614
accumulated other comprehensive income
Retained earnings
$3,246,088
$2,730,418
Total common equity
$4,827,703
$4,145,724
* Added to Total Common equity additional paid-in capital, treasuary stock, and accumulated other comprehensive income
Total liabilities and equity
$6,412,245
$5,552,928
Income Statements
(in thousands of dollars)
2013
2012
Net sales
$4,280,159.0
$3,997,930.0
Operating costs
$3,631,920.0
$3,349,631.0
Earnings before interest, taxes, depr. & amort. (EBITDA)
$648,239.0
$648,299.0
Depreciation
$0.0
$0.0
Amortization
$0.0
$0.0
Depreciation and amortization
$0.0
$0.0
Earnings before interest and taxes (EBIT)
$648,239.0
$648,299.0
Less interest
-$13,800.0
-$15,097.0
Earnings before taxes (EBT)
$662,039.0
$663,396.0
Taxes (15.0%,.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
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.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
2. Forward-Looking Statements
Today’s presentation contains a number of forward-looking statements based on current expectations, estimates and
projections. These statements are not guarantees of future performance and are subject to certain risks and uncertainties.
Therefore, actual results may differ materially.
Information about the Company’s use of non-GAAP financial measures, why management believes presentation of non-GAAP
financial measures provides useful information to investors about the Company’s financial condition and results of operations,
and the purposes for which management uses non-GAAP financial measures is included in the Company’s Annual Report
and on the Company’s website at sonoco.com.
Pursuant to the requirements of Regulation G, the Company has provided definitions of the non-GAAP measures discussed
during this presentation as well as reconciliations of those measures to the most closely related GAAP measure on its
website at sonoco.com.
This presentation does not constitute the solicitation of the purchase or sale of any securities.
2
3. EPS Summary
2nd Quarter: 2012 Vs. 2011
2nd Quarter
2012 2011
Actual EPS $0.50 $0.52
Addback for:
Restructuring & Asset Impair 0.08 0.07
Acq Related & Other Adjustments - 0.01
Base EPS $0.58 $0.60
Sonoco Guidance $0.55 to $0.60
First Call Consensus $0.58
3
4. P&L Summary (Base)
2nd Quarter: 2012 Vs. 2011
(Dollars in thousands)
Better / (Worse)
2012 2011 $ %
Net sales $ 1,202,359 $ 1,127,865 $ 74,494 6.6%
Cost of sales (985,817) (936,775) (49,042) -5.2%
Gross profit 216,542 191,090 25,452 13.3%
SG&A and other expense, net (118,456) (98,282) (20,174) -20.5%
Income before interest and taxes 98,086 92,808 5,278 5.7%
Net interest (15,248) (8,174) (7,074) -86.5%
Income before income taxes 82,838 84,634 (1,796) -2.1%
Provision for income taxes (27,130) (26,998) (132) -0.5%
Income before equity in earnings of affiliates 55,708 57,636 (1,928) -3.3%
Equity in earnings of affiliates, net of tax 3,934 3,416 518 15.2%
Net income 59,642 61,052 (1,410) -2.3%
Noncontrolling interests 15 (271) (256) 94.5%
Net income attributable to Sonoco $ 59,657 $ 60,781 $ (1,124) -1.8%
EPS diluted $ 0.58 $ 0.60 $ (0.02) -3.3%
4