1) TRC reported financial results for Q1 FY2017 with revenue increasing 24% year-over-year to $124.3 million and net income decreasing 19% to $3.6 million.
2) The infrastructure segment saw the largest revenue growth of 23% driven by increased public-private partnership and state/local government activity.
3) While revenue grew across most segments, profit declined for environmental and oil & gas due to challenging market conditions in those industries.
- Owens Corning presented at a Goldman Sachs roadshow in November 2016 to discuss its businesses and financial performance.
- The presentation discussed Owens Corning's three market-leading businesses: insulation, roofing, and composites. It provided an overview of each business and highlights from Q3 2016 financial results.
- The presentation also addressed industry dynamics and trends for each business, including expectations for market growth and capacity utilization rates that would drive Owens Corning's profitability going forward.
This document provides an overview and summary of Textron Inc.'s business segments from a presentation given at the Goldman Sachs Industrials Conference. It discusses several of Textron's business units including Textron Aviation, Bell Helicopter, Industrial, and Textron Systems. For each business unit, it summarizes recent contracts, new product developments, and growth strategies through both organic initiatives and acquisitions. The presentation contains forward-looking statements and cautions that actual results could differ materially from projections.
Aon plc provided an investor relations overview document that contained the following information:
1) Aon operates two industry-leading segments, Risk Solutions and HR Solutions, that focus on risk, retirement, and health. It has a global presence across over 120 countries.
2) The markets that Aon operates in, including risk insurance and retirement, are growing in both size and complexity long-term. Factors like GDP growth and emerging markets are driving increased demand for insurance.
3) Aon has positioned itself for growth by focusing its portfolio, making strategic acquisitions, and investing in global capabilities like data and analytics. It has made progress towards long-term operational targets and delivered strong financial results
This presentation provides an overview of Advanced Emissions Solutions, Inc. It discusses the company's transformation from focusing on refined coal and equipment sales to developing recurring revenue streams from emissions control technologies. The presentation highlights that the company expects to generate $50-60 million annually in stable cash flows from its refined coal business through 2021. It also discusses opportunities to commercialize emissions control intellectual property and generate incremental cash flows. The presentation provides an overview of the refined coal and emissions control markets and outlines the company's strategic priorities for 2017.
This document provides an overview of Belden, a global signal transmission solutions company. It discusses Belden's five business platforms that deliver innovative connectivity solutions for broadcast, enterprise, industrial, and network security applications. It highlights Belden's financial performance over time, including improvements in EBITDA margin, return on invested capital, and free cash flow. The document also outlines Belden's strategy for capital deployment, including investing in innovation, acquisitions, and share repurchases. Finally, it provides guidance for Q2 and full year 2016 revenues and earnings per share.
Vulcan Materials Company presented at a management meeting on September 29, 2016. The presentation discussed Vulcan's strategy of empowering strong local leadership, highlighted ongoing commitment to safety, customers, communities, and shareholders, and outlined expectations for a multi-year construction recovery ahead. While pre-construction project pipelines have strengthened, recent lags in construction starts and ongoing capacity constraints in the construction sector are slowing the pace of growth in the near term. Vulcan believes underlying demand drivers remain firmly in place to support a sustained recovery over the longer term.
This document provides an overview of Aon plc for investors. It summarizes that Aon is an industry-leading global professional services firm focused on risk, retirement, and health operating in growing markets. It operates two industry-leading segments, Aon Hewitt and Aon Risk Solutions, which serve clients in over 120 countries. The markets of risk, retirement, and health that Aon operates in are growing in both size and complexity long-term.
Q1 2017 Rockwell Collins, Inc. Earnings Conference Callrockwell_collins
This document provides a summary of Rockwell Collins' 1st quarter FY 2017 results, including:
- Income from continuing operations increased 9% to $145 million.
- EPS from continuing operations increased 10% to $1.10.
- Sales increased 2% to $1.193 billion.
- Commercial Systems sales decreased 2% to $549 million while operating earnings remained flat at $125 million.
- Government Systems sales increased 5% to $475 million and operating earnings increased 12% to $96 million.
- Information Management Services sales increased 8% to $169 million and operating earnings increased 25% to $30 million.
- Owens Corning presented at a Goldman Sachs roadshow in November 2016 to discuss its businesses and financial performance.
- The presentation discussed Owens Corning's three market-leading businesses: insulation, roofing, and composites. It provided an overview of each business and highlights from Q3 2016 financial results.
- The presentation also addressed industry dynamics and trends for each business, including expectations for market growth and capacity utilization rates that would drive Owens Corning's profitability going forward.
This document provides an overview and summary of Textron Inc.'s business segments from a presentation given at the Goldman Sachs Industrials Conference. It discusses several of Textron's business units including Textron Aviation, Bell Helicopter, Industrial, and Textron Systems. For each business unit, it summarizes recent contracts, new product developments, and growth strategies through both organic initiatives and acquisitions. The presentation contains forward-looking statements and cautions that actual results could differ materially from projections.
Aon plc provided an investor relations overview document that contained the following information:
1) Aon operates two industry-leading segments, Risk Solutions and HR Solutions, that focus on risk, retirement, and health. It has a global presence across over 120 countries.
2) The markets that Aon operates in, including risk insurance and retirement, are growing in both size and complexity long-term. Factors like GDP growth and emerging markets are driving increased demand for insurance.
3) Aon has positioned itself for growth by focusing its portfolio, making strategic acquisitions, and investing in global capabilities like data and analytics. It has made progress towards long-term operational targets and delivered strong financial results
This presentation provides an overview of Advanced Emissions Solutions, Inc. It discusses the company's transformation from focusing on refined coal and equipment sales to developing recurring revenue streams from emissions control technologies. The presentation highlights that the company expects to generate $50-60 million annually in stable cash flows from its refined coal business through 2021. It also discusses opportunities to commercialize emissions control intellectual property and generate incremental cash flows. The presentation provides an overview of the refined coal and emissions control markets and outlines the company's strategic priorities for 2017.
This document provides an overview of Belden, a global signal transmission solutions company. It discusses Belden's five business platforms that deliver innovative connectivity solutions for broadcast, enterprise, industrial, and network security applications. It highlights Belden's financial performance over time, including improvements in EBITDA margin, return on invested capital, and free cash flow. The document also outlines Belden's strategy for capital deployment, including investing in innovation, acquisitions, and share repurchases. Finally, it provides guidance for Q2 and full year 2016 revenues and earnings per share.
Vulcan Materials Company presented at a management meeting on September 29, 2016. The presentation discussed Vulcan's strategy of empowering strong local leadership, highlighted ongoing commitment to safety, customers, communities, and shareholders, and outlined expectations for a multi-year construction recovery ahead. While pre-construction project pipelines have strengthened, recent lags in construction starts and ongoing capacity constraints in the construction sector are slowing the pace of growth in the near term. Vulcan believes underlying demand drivers remain firmly in place to support a sustained recovery over the longer term.
This document provides an overview of Aon plc for investors. It summarizes that Aon is an industry-leading global professional services firm focused on risk, retirement, and health operating in growing markets. It operates two industry-leading segments, Aon Hewitt and Aon Risk Solutions, which serve clients in over 120 countries. The markets of risk, retirement, and health that Aon operates in are growing in both size and complexity long-term.
Q1 2017 Rockwell Collins, Inc. Earnings Conference Callrockwell_collins
This document provides a summary of Rockwell Collins' 1st quarter FY 2017 results, including:
- Income from continuing operations increased 9% to $145 million.
- EPS from continuing operations increased 10% to $1.10.
- Sales increased 2% to $1.193 billion.
- Commercial Systems sales decreased 2% to $549 million while operating earnings remained flat at $125 million.
- Government Systems sales increased 5% to $475 million and operating earnings increased 12% to $96 million.
- Information Management Services sales increased 8% to $169 million and operating earnings increased 25% to $30 million.
Evine earnings investor presentation f16 q1 finalevine2015
- Net sales increased 5% in Q1 2016 compared to Q1 2015. Gross profit increased 7% over the same period.
- Adjusted EBITDA was $3.4 million in Q1 2016, down from $9.2 million in FY 2015.
- Net loss was $4.9 million in Q1 2016, compared to a net loss of $12.3 million in FY 2015.
Cisco held its Q1 FY 2018 conference call on November 15, 2017 to discuss financial results. Key highlights included total revenue of $12.1 billion, non-GAAP earnings per share of $0.61, and growth in security revenue and deferred revenue. All geographic regions returned to order growth during the quarter. Cisco is also working with Google to develop a new hybrid cloud solution and over 1,100 customers adopted its Catalyst 9000 switching platform in the past three months.
Aon plc reported its third quarter 2017 results on October 27, 2017. Key metrics included 2% organic revenue growth, a 170 basis point increase in operating margin to 20.3%, and 18% growth in earnings per share to $1.29. Aon is accelerating its strategy of investing in high-growth, high-margin areas through the divestiture of outsourcing businesses and reinvesting the $3 billion in proceeds.
This document is the transcript from Rockwell Collins' 2nd Quarter FY 2016 conference call on April 21, 2016. It includes:
- Rockwell Collins reported a 2% decrease in sales and a 6% increase in income from continuing operations for the 2nd quarter of FY 2016 compared to the same period the previous year.
- Their commercial systems segment saw a 1% decrease in sales primarily due to lower OEM production rates, while their government systems segment saw a 5% decrease in sales due to lower program volumes.
- Their guidance for FY 2016 forecasts total sales between $5.3-5.4 billion, earnings per share between $5.45-5.65, and
1) The document discusses Ingersoll Rand's performance at an investor conference, noting forward-looking statements and non-GAAP financial measures.
2) It provides an overview of Ingersoll Rand as a 145-year-old industrial company with revenues of $13.5 billion across climate and industrial segments.
3) The presentation highlights Ingersoll Rand's strategy of investing in innovation and acquisitions to drive top-tier revenue growth while improving margins and cash flow through 2020.
Cisco reported financial results for its first quarter of fiscal year 2017. Total revenue increased 1% year-over-year to $12.352 billion. Non-GAAP earnings per share grew 3% to $0.61. Service provider orders declined 12% year-over-year, impacting overall product order decline of 2%. Cisco continues to shift its business model to more recurring revenue streams such as software and subscriptions, with product deferred revenue from these areas growing 48% year-over-year. Cisco delivered results in line with its guidance while facing headwinds in some markets.
Curtiss-Wright Corporation held an earnings conference call on February 16, 2017 to discuss its financial results for the fourth quarter and full year of 2016. Key highlights from 2016 included operating margin expansion of 130 basis points to 14.6%, 12% growth in diluted earnings per share to $4.20, and strong free cash flow of $376 million. For 2017, the company expects sales growth of 3-5% including the acquisition of TTC and continued operating margin improvement through ongoing initiatives. Curtiss-Wright reaffirmed its commitment to balanced capital allocation and delivering solid financial results in 2017.
The operations report discusses first quarter 2017 execution across EnLink's asset portfolio. Key highlights include expansion projects in Central Oklahoma bringing total processing capacity to nearly 1 Bcf/d by year-end. In the Delaware Basin, the Lobo system is expanding its capacity to 185 MMcf/d. The Ascension pipeline began operations in Louisiana. In the Midland Basin, the Chickadee crude oil gathering system became operational. Overall, EnLink continues focused execution across its integrated asset base.
North American residential segment net sales increased 14% to $348.2 million and adjusted EBITDA increased 19% to $55.7 million in 2Q16. The Europe segment net sales increased 7% to $82.2 million and adjusted EBITDA increased 59% to $12.8 million. Architectural segment net sales increased 2% to $77.6 million but adjusted EBITDA decreased 6% to $7.7 million. Overall, Masonite's consolidated net sales increased 8% to $514 million and adjusted EBITDA increased 16% to $68.5 million in 2Q16.
- The company reported improved Q3 2017 results with orders up 21% year-over-year and backlog up 32% year-over-year. Excluding one-time items, adjusted EBITDA was up 138% year-over-year.
- For 2017, the company is maintaining guidance for revenue to be down 5-7% year-over-year and adjusted EBITDA between $59-69 million. Capital expenditures are expected to be approximately $30 million.
- The company is focused on initiatives to drive margin expansion and achieve double digit operating margins by 2020, including new product development, cost management actions, and channel excellence programs.
This document summarizes Cisco's Q2 Fiscal Year 2016 conference call. The call discussed Cisco's financial performance for Q2 2016, noting 2% revenue growth and 8% growth in non-GAAP earnings per share. Cisco also provided guidance for the next quarter and discussed key business trends, including momentum in networking, security, cloud-based solutions, and acquisitions. The call included a question and answer session with analysts.
This document provides a summary of Rockwell Automation's fiscal year 2017 first quarter conference call. The summary includes:
1) Organic sales were up 3.8% year-over-year, with continued strength in consumer and transportation. Segment operating margin was 21.2% and adjusted EPS was $1.75.
2) For the full fiscal year, Rockwell is increasing its organic growth guidance range by 1 point to 1-5% and increasing its adjusted EPS guidance to $5.95-$6.35.
3) By segment, Architecture & Software sales grew 8.3% year-over-year with a segment operating margin of 30.0%, while Control Products & Solutions
Wrk mar 2017 investor presentation finalir_westrock
- WestRock is presenting an investor presentation in March 2017.
- The presentation provides forward-looking statements and guidance for future periods regarding synergies, financial results, and acquisitions.
- It discusses WestRock's track record of execution on synergies, recent and planned M&A activity, and financial metrics for Q1 2017.
UGI reported solid second quarter results despite warmer than normal weather. Earnings per share were $1.24, down from $1.31 in the prior year quarter but above expectations. Each of the company's business units - AmeriGas, UGI International, Midstream & Marketing, and UGI Utilities - experienced warmer weather but reported increased revenues through investments in less weather-dependent operations and a focus on efficiency. For the full year, UGI expects adjusted earnings per share to be at the lower end or slightly below its guidance range of $2.30 to $2.45, an improvement over fiscal year 2016 results.
- Phillips 66 Partners LP owns, operates, develops and acquires primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines and terminals and other midstream assets.
- PSXP has a balanced portfolio of assets with long-term, fee-based contracts providing stable cash flows. Recent acquisitions and organic growth projects will further expand the portfolio.
- PSXP is targeting 30% annual distribution growth through 2018 while maintaining investment grade credit ratings and annual distribution coverage of at least 1.1x.
This document provides a summary of Principal Financial Group's fourth quarter 2015 earnings call. It discusses Principal's use of non-GAAP financial measures to evaluate performance alongside GAAP measures. The document also highlights themes from the earnings call, including strong investment performance, work on the Department of Labor regulation, and segment results for Retirement and Income Solutions and Principal Global Investors. Forward-looking statements are presented along with risks that may affect future performance.
- Oshkosh Corporation reported lower first quarter earnings compared to the previous year, with EPS of $0.19 versus $0.41, largely due to lower sales and results in the access equipment segment.
- For the full fiscal year, the company updated EPS guidance to a range of $2.20 to $2.60, reflecting timing delays of large international orders and lower expectations for the access equipment segment.
- Segment results were mixed, with improved performance in fire & emergency and defense offset by weakness in access equipment and caution in the commercial segment.
The document provides an overview of JP Energy Partners LP and discusses its three business segments: crude oil pipelines and storage, refined products terminals and storage, and NGL distribution and sales. It also discusses JP Energy's Q3 2016 financial results, balance sheet and liquidity position, and its planned merger with American Midstream Partners to create a larger, more diversified midstream company.
3M reported financial results for the fourth quarter of 2015. GAAP EPS was $1.66, down 8.3% year-over-year. Excluding restructuring charges, EPS was $1.80, down 0.6% year-over-year. Sales were $7.3 billion, down 5.4% in dollar terms and 1.1% in organic local currency. Operating margins were 20.5%, down 100 basis points year-over-year but up 60 basis points excluding restructuring. The company returned $1.8 billion to shareholders through dividends and share repurchases.
This document provides a summary of Rockwell Collins' financial results for the first quarter of fiscal year 2016. Key points include:
- Sales were down 5% to $1.169 billion compared to the same period last year, driven by lower OEM production rates in business aviation and lower military sales. Aftermarket sales increased 8%.
- Income from continuing operations decreased 21% to $133 million due to restructuring charges. Earnings per share also decreased 21% to $1.00.
- Guidance for full fiscal year 2016 expects total sales between $5.3-5.4 billion and earnings per share of $5.45-5.65.
TRC Solutions reported on its Q4 2016 financial results. Key highlights include:
- Net service revenue increased 16% year-over-year to $132.3 million.
- EBITDA increased 15% year-over-year to $14.8 million, a new quarterly record.
- Net income decreased 13% to $5.9 million due to increased amortization and interest expenses.
- Cash flow from operations was $17.7 million and days sales outstanding improved.
The document is an investor presentation by TRC Companies, Inc. for Q2 Fiscal 2017. It provides the following key information:
1) Net service revenue increased 14% year-over-year to $127.4 million. Infrastructure revenue grew 7% while Environmental declined 2% and Oil & Gas was flat.
2) Net income increased 2% to $4 million. Strong performance in Infrastructure offset increased amortization expenses.
3) EBITDA grew 20% to $11.4 million and adjusted EBITDA increased 6% reflecting continued profitable growth.
4) The company refinanced its credit facility with an all-revolver $250 million structure to support working capital
Evine earnings investor presentation f16 q1 finalevine2015
- Net sales increased 5% in Q1 2016 compared to Q1 2015. Gross profit increased 7% over the same period.
- Adjusted EBITDA was $3.4 million in Q1 2016, down from $9.2 million in FY 2015.
- Net loss was $4.9 million in Q1 2016, compared to a net loss of $12.3 million in FY 2015.
Cisco held its Q1 FY 2018 conference call on November 15, 2017 to discuss financial results. Key highlights included total revenue of $12.1 billion, non-GAAP earnings per share of $0.61, and growth in security revenue and deferred revenue. All geographic regions returned to order growth during the quarter. Cisco is also working with Google to develop a new hybrid cloud solution and over 1,100 customers adopted its Catalyst 9000 switching platform in the past three months.
Aon plc reported its third quarter 2017 results on October 27, 2017. Key metrics included 2% organic revenue growth, a 170 basis point increase in operating margin to 20.3%, and 18% growth in earnings per share to $1.29. Aon is accelerating its strategy of investing in high-growth, high-margin areas through the divestiture of outsourcing businesses and reinvesting the $3 billion in proceeds.
This document is the transcript from Rockwell Collins' 2nd Quarter FY 2016 conference call on April 21, 2016. It includes:
- Rockwell Collins reported a 2% decrease in sales and a 6% increase in income from continuing operations for the 2nd quarter of FY 2016 compared to the same period the previous year.
- Their commercial systems segment saw a 1% decrease in sales primarily due to lower OEM production rates, while their government systems segment saw a 5% decrease in sales due to lower program volumes.
- Their guidance for FY 2016 forecasts total sales between $5.3-5.4 billion, earnings per share between $5.45-5.65, and
1) The document discusses Ingersoll Rand's performance at an investor conference, noting forward-looking statements and non-GAAP financial measures.
2) It provides an overview of Ingersoll Rand as a 145-year-old industrial company with revenues of $13.5 billion across climate and industrial segments.
3) The presentation highlights Ingersoll Rand's strategy of investing in innovation and acquisitions to drive top-tier revenue growth while improving margins and cash flow through 2020.
Cisco reported financial results for its first quarter of fiscal year 2017. Total revenue increased 1% year-over-year to $12.352 billion. Non-GAAP earnings per share grew 3% to $0.61. Service provider orders declined 12% year-over-year, impacting overall product order decline of 2%. Cisco continues to shift its business model to more recurring revenue streams such as software and subscriptions, with product deferred revenue from these areas growing 48% year-over-year. Cisco delivered results in line with its guidance while facing headwinds in some markets.
Curtiss-Wright Corporation held an earnings conference call on February 16, 2017 to discuss its financial results for the fourth quarter and full year of 2016. Key highlights from 2016 included operating margin expansion of 130 basis points to 14.6%, 12% growth in diluted earnings per share to $4.20, and strong free cash flow of $376 million. For 2017, the company expects sales growth of 3-5% including the acquisition of TTC and continued operating margin improvement through ongoing initiatives. Curtiss-Wright reaffirmed its commitment to balanced capital allocation and delivering solid financial results in 2017.
The operations report discusses first quarter 2017 execution across EnLink's asset portfolio. Key highlights include expansion projects in Central Oklahoma bringing total processing capacity to nearly 1 Bcf/d by year-end. In the Delaware Basin, the Lobo system is expanding its capacity to 185 MMcf/d. The Ascension pipeline began operations in Louisiana. In the Midland Basin, the Chickadee crude oil gathering system became operational. Overall, EnLink continues focused execution across its integrated asset base.
North American residential segment net sales increased 14% to $348.2 million and adjusted EBITDA increased 19% to $55.7 million in 2Q16. The Europe segment net sales increased 7% to $82.2 million and adjusted EBITDA increased 59% to $12.8 million. Architectural segment net sales increased 2% to $77.6 million but adjusted EBITDA decreased 6% to $7.7 million. Overall, Masonite's consolidated net sales increased 8% to $514 million and adjusted EBITDA increased 16% to $68.5 million in 2Q16.
- The company reported improved Q3 2017 results with orders up 21% year-over-year and backlog up 32% year-over-year. Excluding one-time items, adjusted EBITDA was up 138% year-over-year.
- For 2017, the company is maintaining guidance for revenue to be down 5-7% year-over-year and adjusted EBITDA between $59-69 million. Capital expenditures are expected to be approximately $30 million.
- The company is focused on initiatives to drive margin expansion and achieve double digit operating margins by 2020, including new product development, cost management actions, and channel excellence programs.
This document summarizes Cisco's Q2 Fiscal Year 2016 conference call. The call discussed Cisco's financial performance for Q2 2016, noting 2% revenue growth and 8% growth in non-GAAP earnings per share. Cisco also provided guidance for the next quarter and discussed key business trends, including momentum in networking, security, cloud-based solutions, and acquisitions. The call included a question and answer session with analysts.
This document provides a summary of Rockwell Automation's fiscal year 2017 first quarter conference call. The summary includes:
1) Organic sales were up 3.8% year-over-year, with continued strength in consumer and transportation. Segment operating margin was 21.2% and adjusted EPS was $1.75.
2) For the full fiscal year, Rockwell is increasing its organic growth guidance range by 1 point to 1-5% and increasing its adjusted EPS guidance to $5.95-$6.35.
3) By segment, Architecture & Software sales grew 8.3% year-over-year with a segment operating margin of 30.0%, while Control Products & Solutions
Wrk mar 2017 investor presentation finalir_westrock
- WestRock is presenting an investor presentation in March 2017.
- The presentation provides forward-looking statements and guidance for future periods regarding synergies, financial results, and acquisitions.
- It discusses WestRock's track record of execution on synergies, recent and planned M&A activity, and financial metrics for Q1 2017.
UGI reported solid second quarter results despite warmer than normal weather. Earnings per share were $1.24, down from $1.31 in the prior year quarter but above expectations. Each of the company's business units - AmeriGas, UGI International, Midstream & Marketing, and UGI Utilities - experienced warmer weather but reported increased revenues through investments in less weather-dependent operations and a focus on efficiency. For the full year, UGI expects adjusted earnings per share to be at the lower end or slightly below its guidance range of $2.30 to $2.45, an improvement over fiscal year 2016 results.
- Phillips 66 Partners LP owns, operates, develops and acquires primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines and terminals and other midstream assets.
- PSXP has a balanced portfolio of assets with long-term, fee-based contracts providing stable cash flows. Recent acquisitions and organic growth projects will further expand the portfolio.
- PSXP is targeting 30% annual distribution growth through 2018 while maintaining investment grade credit ratings and annual distribution coverage of at least 1.1x.
This document provides a summary of Principal Financial Group's fourth quarter 2015 earnings call. It discusses Principal's use of non-GAAP financial measures to evaluate performance alongside GAAP measures. The document also highlights themes from the earnings call, including strong investment performance, work on the Department of Labor regulation, and segment results for Retirement and Income Solutions and Principal Global Investors. Forward-looking statements are presented along with risks that may affect future performance.
- Oshkosh Corporation reported lower first quarter earnings compared to the previous year, with EPS of $0.19 versus $0.41, largely due to lower sales and results in the access equipment segment.
- For the full fiscal year, the company updated EPS guidance to a range of $2.20 to $2.60, reflecting timing delays of large international orders and lower expectations for the access equipment segment.
- Segment results were mixed, with improved performance in fire & emergency and defense offset by weakness in access equipment and caution in the commercial segment.
The document provides an overview of JP Energy Partners LP and discusses its three business segments: crude oil pipelines and storage, refined products terminals and storage, and NGL distribution and sales. It also discusses JP Energy's Q3 2016 financial results, balance sheet and liquidity position, and its planned merger with American Midstream Partners to create a larger, more diversified midstream company.
3M reported financial results for the fourth quarter of 2015. GAAP EPS was $1.66, down 8.3% year-over-year. Excluding restructuring charges, EPS was $1.80, down 0.6% year-over-year. Sales were $7.3 billion, down 5.4% in dollar terms and 1.1% in organic local currency. Operating margins were 20.5%, down 100 basis points year-over-year but up 60 basis points excluding restructuring. The company returned $1.8 billion to shareholders through dividends and share repurchases.
This document provides a summary of Rockwell Collins' financial results for the first quarter of fiscal year 2016. Key points include:
- Sales were down 5% to $1.169 billion compared to the same period last year, driven by lower OEM production rates in business aviation and lower military sales. Aftermarket sales increased 8%.
- Income from continuing operations decreased 21% to $133 million due to restructuring charges. Earnings per share also decreased 21% to $1.00.
- Guidance for full fiscal year 2016 expects total sales between $5.3-5.4 billion and earnings per share of $5.45-5.65.
TRC Solutions reported on its Q4 2016 financial results. Key highlights include:
- Net service revenue increased 16% year-over-year to $132.3 million.
- EBITDA increased 15% year-over-year to $14.8 million, a new quarterly record.
- Net income decreased 13% to $5.9 million due to increased amortization and interest expenses.
- Cash flow from operations was $17.7 million and days sales outstanding improved.
The document is an investor presentation by TRC Companies, Inc. for Q2 Fiscal 2017. It provides the following key information:
1) Net service revenue increased 14% year-over-year to $127.4 million. Infrastructure revenue grew 7% while Environmental declined 2% and Oil & Gas was flat.
2) Net income increased 2% to $4 million. Strong performance in Infrastructure offset increased amortization expenses.
3) EBITDA grew 20% to $11.4 million and adjusted EBITDA increased 6% reflecting continued profitable growth.
4) The company refinanced its credit facility with an all-revolver $250 million structure to support working capital
Myers Industries presented its investor presentation, which included forward-looking statements noting actual results could differ from expectations. It summarized risks to its business, including changes in markets, customer relationships, competition, costs, weather, economic conditions, capital requirements, litigation, and laws. Myers encourages investors to review detailed risk factors in its SEC filings. The presentation outlined Myers' business transformation, goals to increase sales and profits through organic growth and M&A, and balanced capital allocation including returning cash to shareholders.
Polaris reported third quarter 2016 earnings results that were in line with pre-release expectations. Sales finished down year-over-year due to weak industry conditions and the impact of product recalls. Net income was also down significantly compared to the prior year. Looking ahead, Polaris narrowed its full-year 2016 guidance and expects ongoing challenges in the powersports industry but believes execution continues to improve across key areas of the business.
This document provides an overview of ARC Document Solutions, a document solutions company focused on the architectural, engineering and construction (AEC) industries. It summarizes ARC's three main solutions: CDIM for construction document management, MPS for managed print services, and AIM for archive and information management. The document discusses how the solutions work and their benefits. It also provides financial information on revenue, gross margins, EBITDA and cash flows for ARC, and highlights recent quarterly performance and full year 2015 guidance metrics.
Polaris Industries provides a corporate overview and financial results for 2015. Key points include:
- 2015 sales grew 5% to $4.719 billion despite tough economic conditions.
- Market share grew in all business segments. International sales declined 5% excluding currency effects.
- Net income was flat at $455 million while earnings per share grew 2% to $6.75.
- Guidance for 2016 anticipates softer ORV/Snowmobile sales but continued motorcycle growth. Focus is on reducing costs, improving quality and regaining momentum in the powersports industry.
The document provides an overview of TRC Solutions' Q3 2016 financial results. Key points include:
1) Net service revenue increased 20% year-over-year to $121.3 million, with growth in infrastructure and declines in energy and environmental.
2) Adjusted EBITDA was $7.9 million, excluding one-time acquisition and integration costs and a goodwill impairment.
3) A goodwill impairment charge of $24.5 million was recorded for the pipeline services segment due to challenges in the oil and gas market.
4) The company continues focusing on organic growth opportunities in strategic markets like utilities and transportation infrastructure.
Polaris to Acquire Transamerican Auto Parts Presentationinvestorpolaris
Polaris Industries Inc. is acquiring Transamerican Auto Parts Company (TAP) for $665 million. TAP is a market leader in the $10+ billion North American Jeep and truck aftermarket accessories space, with $740 million in annual sales. The acquisition is expected to close in late Q4 2016. TAP will continue operating as a distinct business within a new Aftermarket Segment at Polaris. The acquisition is expected to be accretive to Polaris' earnings per share in 2017, excluding one-time costs, and will provide synergies, cross-selling opportunities, and entry into the large and growing Jeep and truck aftermarket industry.
Polaris reported second quarter 2016 earnings results on July 20, 2016. Sales and net income were slightly better than revised expectations. Results included approximately $25 million in additional costs related to warranty, legal and other recall expenses. Gross profit margin decreased 325 basis points due to currency effects, product mix and higher warranty costs. Cash flow was up 287% year-to-date. The company revised full-year 2016 guidance to reflect weaker market conditions and increased warranty costs.
Polaris announced it will cease production of Victory Motorcycles effective immediately. Victory began production in 1998 but sales have steadily declined in recent years, representing only 3% of Polaris' total sales in 2015. While Victory outperformed the market in retail growth in 2016, the company has lost money on Victory in 3 of the past 5 years. Polaris will now focus on the Indian Motorcycle brand which has higher growth potential and more profitable economics. The wind down of Victory operations will result in one-time costs for Polaris in 2017.
ARC Document Solutions provides document management services to design and construction firms. It has transitioned from primarily print-based services to utilizing cloud and mobile technologies. ARC has over 200 technology professionals developing solutions for the construction industry and has invested over $100 million in research and development. Its clients include thousands of construction, engineering, and design firms. ARC's services include construction document management, managed print services, and archive and information management.
- Myers Industries reported net sales of $151.2 million in Q1 2016, a decrease of 3.3% from the prior year due to organic sales decline of 1.3% and unfavorable currency impact of 2%.
- Gross margin increased 260 basis points to 31.9% due to lower input costs, operational improvements, and product line rationalization.
- Adjusted EPS from continuing operations increased 75% to $0.21 due to gross margin expansion partially offset by higher capital spending.
- Several large one-time charges were recorded in Q1 including $8.5 million in non-cash impairment charges in Brazil and $2 million in CFO severance costs.
The document is Myers Industries' fourth quarter and full year 2015 earnings presentation. It summarizes key financial results including a 9% decline in Q4 net sales and flat full year net sales on a constant currency basis. Adjusted gross margin increased 350 basis points to 29.9% for the full year. It also provides an outlook for 2016 with served markets expected to be flat to down low single digits and initiatives focused on margin growth and SG&A reductions.
Mye q2 2016 earnings conference call presentation finalMyers_Investors
- Sales were down 11% to $144.1 million due to a difficult capital spending environment and soft consumer sales. Margins were flat at 30.9% due to lower input costs and favorable product mix.
- Net income was $5.7 million compared to $10.9 million last year. Adjusted EPS was $0.21 compared to $0.30.
- The outlook for 2016 was lowered with revenue expected to be down mid-to-high single digits due to continued soft capital spending. Strategic initiatives are focusing on commercial execution and protecting the core business.
The document provides an investor presentation for Myers Industries, Inc. It begins with a safe harbor statement noting that any forward-looking statements are based on current expectations that may be incorrect. It then discusses the new CEO's strategy review, focusing on improving cash flow, implementing process improvements, and assessing capital deployment options. The presentation also covers the company's corporate governance best practices, performance-driven executive compensation program, and actions taken to further ensure effective internal controls over financial reporting.
Q3 2016 Myers Industries Inc. Earnings Presentation FinalMyers_Investors
Myers Industries, Inc. held a third quarter earnings presentation on November 8, 2016 to discuss financial results and outlook. Key points included:
- Third quarter sales were in line with expectations but down 6% year-over-year due to continued weakness in capital spending.
- Gross margin declined 230 basis points due to lower volume, unfavorable product mix and operational inefficiencies.
- SG&A expenses declined due to lower non-recurring compensation and cost containment actions.
- Adjusted EPS from continuing operations was $0.04, down from $0.09 in the prior year third quarter.
- For 2016, the company expects revenue to be down mid-to-high single digits
This document provides an overview of ARC Document Solutions, a document solutions company focused on the architectural, engineering and construction (AEC) industries. It summarizes ARC's three main document solutions - Construction Document and Information Management (CDIM), Managed Print Services (MPS), and Archive and Information Management (AIM). CDIM, MPS, and AIM are cloud-based platforms that help reduce costs and improve efficiency for AEC customers by reducing paper usage and providing digital/mobile access to documents. The document highlights ARC's growth strategy of focusing on recurring revenue streams, margin expansion, and deleveraging debt through 2020.
The document provides an earnings presentation for Myers Industries for the fourth quarter and full year 2016. It discusses key financial results including a 7.2% decline in net sales and lower operating income. The presentation outlines challenges in 2016 from weak capital spending and lower agriculture sales, and strategic initiatives for 2017 focusing on niche market growth, flexible operations, and strong cash flow. Long term financial targets through 2020 are provided targeting increased operating margins, free cash flow, and leverage ratio reduction.
Polaris Q4 & Full Year 2016 Earnings Presentationinvestorpolaris
- Polaris reported Q4 and full year 2016 earnings results that were in-line with expectations. Q4 sales were flat excluding the acquisition of Transamerican Auto Parts (TAP).
- For full year 2016, adjusted net income was down 48% due to soft market conditions, increased promotional spending, currency fluctuations, and $120M in recall-related costs.
- Polaris will exit the Victory motorcycle brand in 2017 to focus investment in Indian and Slingshot brands. The acquisition of TAP is expected to be accretive to 2017 earnings.
- Guidance for 2017 expects organic revenue to be flat to up 1% with adjusted EPS growth of 4-13% driven by TAP synerg
The document provides an overview of TRC Solutions' Q2 fiscal year 2016 financial results. Some key points:
- Net service revenue increased 12% year-over-year to $111.4 million, with growth in energy and infrastructure segments offsetting a decline in environmental.
- Adjusted operating income grew 16% to $7.9 million due to organic and acquisition growth.
- Organic backlog increased 23% to $313 million, with strong growth in infrastructure offsetting declines in energy and environmental.
- Integration of the Willbros acquisition is proceeding on track, with the pipeline services division now functionally integrated within TRC.
This document provides an overview and financial highlights of TRC Companies Inc.'s performance in the first quarter of fiscal year 2016. Some key points:
- Net service revenue increased 8% year-over-year to $100.2 million, with growth across all segments.
- Operating income increased 28% to $7.7 million and EBITDA increased 20% to $9.9 million.
- Net income increased 29% to $4.5 million and backlog increased 23% to $319 million.
- The environmental segment saw 11% revenue growth, while the energy and infrastructure segments grew revenues by 5% and 9% respectively.
- Segment profits increased in energy and
TRC reported financial results for Q2 FY2014, with net service revenue increasing 21% year-over-year to $91.1 million. EBITDA grew 24% to $7.4 million, while operating income rose 18% to $5.2 million. The company's backlog increased 4% to $233.9 million. TRC's diversified business model saw growth across all three segments - Environmental, Energy, and Infrastructure. The company will continue pursuing both organic growth opportunities and strategic acquisitions to expand its service offerings and geographic footprint.
This document provides an overview and summary of TRC Companies' Q3 Fiscal 2015 financial results. Some key points:
- Net service revenue increased 15% year-over-year to $101 million.
- Operating income increased 185% year-over-year to $7.1 million.
- EBITDA increased 100% year-over-year to $9.4 million.
- Net income increased 261% year-over-year to $5.2 million.
- The company is focusing on organic growth opportunities and strategic acquisitions to expand in key markets like oil & gas, utilities, and transportation.
- TRR reported an 8% increase in net service revenue to $81.3M for Q1 2014 compared to Q1 2013, driven by growth across all three business segments. However, operating income decreased 8% to $4.3M due to a change in estimate for an insurance recovery.
- Backlog increased slightly to $239M, and the company aims to grow organically and through acquisitions focused on utility/power, oil & gas, and infrastructure markets.
- The outlook is solid for energy and environmental markets long-term due to aging infrastructure needing upgrades, new regulations, and increased capital spending. Infrastructure markets are also improving with more state funding.
- The document is an investor presentation for TRC discussing financial highlights from Q1 2015 including revenue growth, backlog, cash flow and strategic growth initiatives.
- TRC's business model is diversified across environmental, energy and infrastructure segments serving public/private clients.
- Key growth strategies include investing in high-margin organic opportunities and strategic acquisitions to expand in oil/gas, utility, and transportation markets.
- Financial results show continued revenue growth, increasing margins and profits, strong balance sheet and cash flow.
This document provides an overview and financial highlights for TRC Companies Inc.'s Q1 Fiscal 2015 results. Some key points:
- Net service revenue increased 14% year-over-year to $92.6 million, with growth in all segments.
- Backlog increased 9% to $260 million, with increases in energy and infrastructure segments.
- Operating income increased 41% to $6 million and EBITDA increased 30% to $8.3 million.
- The company will continue to focus on organic growth opportunities and strategic acquisitions.
This document provides an overview and financial results for TRC Companies Inc.'s Q2 Fiscal 2015. Key points include:
- Net service revenue increased 10% year-over-year to $99.8 million.
- EBITDA increased 28% to $9.5 million and net income increased 29% to $4.0 million.
- The environmental and energy segments saw increases in net service revenue and profits while the infrastructure segment saw declines.
- The company aims to invest in organic growth and pursue strategic acquisitions to expand in key markets like oil/gas midstream.
This document provides an overview and summary of TRR's Q3 Fiscal 2014 results. Some key points:
1) Net service revenue increased 6% year-over-year to $88.1 million, with increases in Energy (+19%) and decreases in Infrastructure (-10%).
2) Operating income decreased 26% to $2.5 million and EBITDA decreased 10% to $4.7 million due to increased medical expenses and weather impacts.
3) Net service revenue backlog increased 5% sequentially to $245.1 million, with increases in Energy (+13%) and decreases in Infrastructure (-1%).
4) The CEO highlights attractive long-term growth opportunities across segments but also
TRR reported financial results for Q1 FY2015 with year-over-year growth. Net service revenue increased 14% to $92.6M driven by increases in the Energy, Environmental, and Infrastructure segments. Operating income grew 41% to $6M and net income increased 40% to $3.5M. The company will continue to invest in organic growth opportunities and pursue strategic acquisitions to expand its presence in key markets such as oil & gas, utilities, and transportation.
TRC reported positive financial results for Q4 FY 2014 and full year FY 2014, with net service revenue increasing 9% and 11% respectively. Operating income grew 45% in Q4 and 13% for the full year, while EBITDA increased 38% and 17%. The company will continue to focus on organic growth across its environmental, energy, and infrastructure segments, as well as pursue strategic acquisitions.
- The company reported third quarter 2017 results on October 25, 2017
- Q3 revenue was $3.671 billion, up 3% year-over-year, with organic revenue growth of 2%
- Adjusted EPS was $1.44, up 2% year-over-year, though negatively impacted by natural disasters which reduced EPS by $0.04 to $0.05
- The company maintained its full-year 2017 guidance for revenue, adjusted EPS, free cash flow, and capital deployment
TRC provides engineering, consulting and construction management services to the energy, environmental and infrastructure industries. In the first quarter of fiscal year 2014, TRC's net service revenue grew 6% year-over-year to $81.3 million. TRC's business is diversified across its three segments and large client base. TRC is focused on profitable organic growth through strategic investments in its highest margin sectors such as utility/power and oil and gas. TRC also pursues strategic acquisitions to enhance its service offerings and geographic footprint. TRC has a strong balance sheet and stable backlog to support its continued growth.
This document contains the agenda and highlights from Stantec's Q3 2017 earnings conference call held on November 9th, 2017.
In the Q3 2017 highlights: Stantec reported 3.3% growth in gross revenue compared to Q3 2016 and 6.0% organic growth. Net income was $46.2 million compared to $49.3 million in Q3 2016.
The financial results summary showed year-over-year declines in gross margin, administrative expenses, EBITDA, and net income. However, targets for 2017 were still met or exceeded for gross margin, administrative expenses, and EBITDA.
An outlook was provided for 2017 with expectations of growth in Canada, the
This document provides an overview and summary of TRR's Q4 Fiscal 2015 results. It discusses growth in key financial metrics such as net service revenue, operating income, and EBITDA compared to the same period last year. It also summarizes performance and backlog across the company's environmental, energy, and infrastructure segments. The document outlines the company's growth strategy, which includes organic growth initiatives and strategic acquisitions. It also discusses key markets and initiatives that will drive future performance. Financial results for Q4 and FY 2015 are presented, including income statements, balance sheets, cash flows, and definitions of non-GAAP metrics referenced.
Strategic Plan and 2017-2021 Business & Management PlanPetrobras
This document outlines Petrobras' strategic plan for 2017-2021. It discusses where the company is currently, with high debt levels and operating costs, and where it wants to be - an integrated energy company focused on oil and gas. The plan details how Petrobras will get there through initiatives like cost reductions, partnerships and divestments, and lower capital expenditures. It establishes metrics to measure success in areas like safety, financial leverage, and production levels. The strategies discussed include optimizing the exploration and production portfolio, increasing efficiency in deepwater production, and strengthening refining and natural gas operations.
First quarter 2017 financial results and strategic priorities for TDS and its subsidiaries U.S. Cellular and TDS Telecom.
Key highlights include:
- U.S. Cellular reduced postpaid handset churn to 1.08%, launched new unlimited plans, and saw adjusted EBITDA rise 11%.
- TDS Telecom grew revenues across wireline, cable, and hosted/managed services segments and increased adjusted EBITDA 13%.
- Guidance for 2017 remains unchanged with goals of growing revenues, operating cash flow, and adjusted EBITDA for both companies.
TRC reported financial results for the first quarter of fiscal year 2014. Net service revenue increased 6% year-over-year to $81.3 million. Backlog remained stable at $247 million. TRC continues executing its growth strategy focused on high-margin organic growth in utility/power, oil and gas, and infrastructure markets. The company also pursues strategic acquisitions to enhance its service offerings and geographic footprint. TRC is well positioned in markets with solid medium- to long-term growth opportunities and maintains a strong balance sheet and cash position.
4Q17/2017 Results Presentation - CPFL EnergiaCPFL RI
This document provides an overview of 4Q17/2017 results for an unnamed company. Some key highlights include:
- Net income increased 35.3% in 4Q17 and 39.9% for 2017. EBITDA also increased significantly.
- Sales increased in the company's concession area due to higher demand and acquisitions.
- Investments totaled R$694 million in 4Q17 and R$2.6 billion in 2017 to expand and maintain infrastructure.
- Generation performance was impacted by lower reservoir levels and wind generation below expectations.
This document provides contact information for Devon Energy's investor relations team. It also contains standard legal disclaimers about forward-looking statements and the use of non-GAAP financial measures in company presentations. The rest of the document summarizes Devon's operations, highlighting its high-quality asset portfolio, strong financial position, and focus on capital discipline and returns. It provides details on key growth opportunities in the STACK and Delaware Basin plays.
Similar to Trc q1 2017 earnings slides final2 (20)
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4study presented by a Big 4
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
2. Safe Harbor Statement
2
Certain statements in this presentation may be forward-looking statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as
"may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that
contain these words carefully because they discuss TRC’s future expectations, contain projections of the Company’s future results of
operations or of its financial condition, or state other "forward-looking" information. TRC believes that it is important to communicate
its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict
or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements.
Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially
from those discussed as a result of various factors, including, but not limited to, circumstances which could create large cash outflows,
such as contract losses, litigation, uncollectible receivables and income tax assessments; regulatory uncertainty; the availability of
funding for government projects; the level of demand for TRC’s services; product acceptance; industry-wide competitive factors; the
ability to continue to attract and retain highly skilled and qualified personnel; the availability and adequacy of insurance; capital
availability and project investment by our clients; and general political or economic conditions. Furthermore, market trends are subject
to changes which could adversely affect future results. See the risk factors and additional discussion in TRC’s Annual Report on Form
10-K for the fiscal year ended June 30, 2016, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in the
Company’s other filings with the Securities and Exchange Commission.
These slides are intended as a visual aid to TRC’s commentary on the First Quarter Fiscal Year 2017 Financial Results Conference Call.
As such they should be considered in the full context of that commentary, the transcript of that conference call and TRC’s first quarter
Form 10-Q and financial results press release. Also, this presentation contains references to non-GAAP metrics such as EBITDA, gross
margin, free cash flow and various adjusted metrics. A reconciliation of GAAP to non-GAAP metrics can be found on slides 13-18.
3. Q1 Fiscal 2017 Overview
3
NSR1 increased 24% YOY to $124.3M
Power +8%, Environmental -5%, Infrastructure +23%, Oil & Gas NSR of $21.3M
NSR backlog increased 10% YOY to $352M
Power -2%, Environmental +2%, Infrastructure -3%, Oil & Gas backlog of $35M
(1) TRC believes net service revenue (gross revenue less subcontractor costs and other direct reimbursable charges) best reflects the value of
services provided to its customers and is the most meaningful indicator of its revenue performance.
(2) Interest expense increase of $0.8M, less interest income increase of $0.3M.
Net income decreased 19% YOY to $3.6M
Amortization expense increased $1.9M and net interest expense2 increased $0.5M
EBITDA increased 5% YOY to $10.5M
Adjusted EBITDA declined 3% YOY
Operating cash flow of $(3.2)M
Cash used to support sequential revenue growth; six-day YOY DSO improvement
4. EnvironmentalSegment
4
$51.6 $48.9
Q1 2016 Q1 2017
Net Service Revenue (in millions)
$10.0
$9.1
Q1 2016 Q1 2017
Segment Profit (in millions)
-5% -9%
NSR -5% YOY; primarily due to decrease in services to oil & gas clients
Segment profit -9% YOY
NSR backlog +2% YOY
Low oil & gas prices and challenging market conditions led to constrained capital
spending
In addition to Power and Real Estate, state and municipal markets providing growth
opportunities
Q1 Fiscal 2017 Results
5. PowerSegment
5
$34.3
$37.1
Q1 2016 Q1 2017
Net Service Revenue (in millions)
$7.3
$8.0
Q1 2016 Q1 2017
Segment Profit (in millions)
+9%+8%
NSR +8% YOY; driven by several large capital projects
Segment profit +9% YOY
NSR backlog -2% YOY
Growth in volume of significant EPC and program management opportunities
Continued demand for energy efficiency, testing and commissioning and distribution
engineering services driving growth
Q1 Fiscal 2017 Results
6. InfrastructureSegment
6
$13.6
$16.6
Q1 2016 Q1 2017
Net Service Revenue(in millions)
$2.9
$4.3
Q1 2016 Q1 2017
Segment Profit (in millions)
+23%
+49%
NSR +23% YOY; driven by increased PPP, state and local government activity
Segment profit +49% YOY
NSR backlog -3% YOY
Project execution and increased scale drove growth in profit
Geographic expansion is providing new revenue opportunities
Q1 Fiscal 2017 Results
7. Oil&GasSegment
7
NSR $21.3 million; continued uncertainty in oil and gas markets
Segment profit $1.4 million
NSR backlog $35 million
Integration activities are complete; focused on revenue synergies and sales
Segment profit driven by cost reduction initiatives
Integrity and technology-driven solutions seeing increased activity
$21.5 $20.8 $21.3
Q3 2016 Q4 2016 Q1 2017
Net Service Revenue(in millions)
Q1 Fiscal 2017 Results
$(3.1) $(3.2)
$1.4
Segment Profit (in millions)
Q1 2017Q3 2016 Q4 2016
8. $91 $91 $88
$98 $87 $96
$130 $141 $133
$48 $35
Q1 2016 Q4 2016 Q1 2017
Segment NSR Backlog
$352
NSR Backlog & New Project Wins
8
(in millions)
$319
$367
Power
• Confidential Utility Client – $1.8M for transmission line
relocation
• San Diego Association of Governments – $1.8M energy
engineering services to the cities in San Diego County
Environmental
• LADWP – $14.6M for coal-plant decommissioning
• US EPA – $11.5M 5-year contract to study effects of gas
and aerosol air pollutants on human health
Infrastructure
• Wellsburg Bridge Public-Private Partnership – $4.6M for
sub-consulting
• Tennessee DOT – $2.5M for construction engineering and
inspection services for various projects
Oil & Gas
• Confidential Client – $4.7M pipeline project in WV
• Cascade Natural Gas – $2.0M TVC feature assessment
study
Recent Project Awards
9. Key Strategies and Market Outlook
9
Continue to invest in organic growth opportunities
Increase focus on strategic markets:
Power / Utility – Continued investment to modernize gas & electric systems;
significant renewable generation investment and focus on energy efficiency
Transportation – FAST transportation bill supports capital expansion; growing
trend toward PPP projects; new infrastructure funding post election
Oil & Gas – Changing midstream and LDC market dynamics resulting in focus on
repair / maintenance, upgrade, and monitoring of existing assets using
technology-driven solutions
Continue building program management and construction management capabilities
Pursue acquisitions that provide geographic expansion and enhanced technical
capabilities or new adjacent services
Continue focus on improving operating margin and increasing operating cash flow
10. $9.9 $10.5
Q1 2016 Q1 2017
EBITDA(in millions)
Quarterly Financial Results Overview
10
$100.2
$124.3
Q1 2016 Q1 2017
Net Service Revenue (in millions)
+24%
$10.8 $10.5
Q1 2016 Q1 2017
Adjusted EBITDA*(in millions)
-3%
*Excludes acquisition and integration expenses of $0.9 million for the three months ended September 25, 2015.
+5%
$4.5
$3.6
Q1 2016 Q1 2017
Net Income (in millions)
-19%
11. Q1 2016
$100.2
$0.7
$83.0
17.2%
$7.1
7.1%
$0.9
$7.7
$8.6
$9.9
9.9%
$10.8
10.8%
$4.5
$5.0
$0.14
$0.16
Q1 2017
$124.3
$0.6
$103.7
16.6%
$10.8
8.7%
--
$6.0
$6.0
$10.5
8.4%
$10.5
8.4%
$3.6
$3.6
$0.12
$0.12
11
(In millions, except per share data)
Quarterly Income Statement Highlights
82.8% 83.4%
Q1 2016 Q1 2017
Cost of Services as % of NSR
7.1%
8.7%
Q1 2016 Q1 2017
G&A Expenses as % of NSR
Net service revenue
Insurance recoverables and other income
Cost of services (COS)
Gross margin %
General and administrative expenses
G&A as % of NSR
Acquisition and integration expenses
Operating income
Adjusted operating income1
EBITDA
EBITDA as a % of NSR
Adjusted EBITDA1
Adjusted EBITDA as a % of NSR
Net income
Adjusted net income1, 2
Diluted earnings per common share
Adjusted diluted earnings per common share1, 2
1
Excludes acquisition and integration expenses of $0.9 million for the three months ended September 25, 2015. 2
Excludes acquisition-related
expense in note 1, net of an income tax benefit of $0.4 million.
13. 13
Earnings Before Interest, Taxes, Depreciation, Amortization and Goodwill & Intangible Asset Impairment
In millions
Q1 - 2016 Q1 - 2017
Net income applicable to TRC Companies, Inc.'s common shareholders $4.5 $3.6
Interest expense 0.0 0.9
Interest income - (0.2)
Provision for income taxes 3.1 1.7
Depreciation and amortization 2.3 4.5
Net income (loss) applicable to noncontrolling interest (0.0) 0.0
Consolidated EBITDA $9.9 $10.5
Less: acquisition and integration expenses $0.9 -
Consolidated Adjusted EBITDA $10.8 $10.5
In millions
Q1 - 2016 Q1 - 2017
Net service revenue $100.2 $124.3
Cost of services 83.0 103.7
Gross Margin $17.2 $20.6
Gross Margin % 17.2% 16.6%
Gross Margin and Gross Margin %
Reconciliation of Non-GAAP Measures
Amounts rounded for presentation purposes.
14. 14
In millions
Q1 - 2016 Q1 - 2017
Net cash provided by operating activities $14.3 $(3.2)
Additions to property and equipment (2.0) (1.6)
Free Cash Flow $12.3 $(4.8)
Free Cash Flow
Reconciliation of Non-GAAP Measures
Amounts rounded for presentation purposes.
15. 15
In millions
Q1 - 2016 Q1 - 2017
Net income applicable to TRC Companies, Inc.'s common shareholders $4.5 $3.6
Acquisition and integration expenses $0.9 -
Tax effect of acquisition and integration expenses ($0.4) -
Adjusted Net Income Applicable to TRC Companies, Inc's Common Shareholders $5.0 $3.6
Adjusted Net Income Applicable to TRC Companies, Inc.'s Common Shareholders
Reconciliation of Non-GAAP Measures
Amounts rounded for presentation purposes.
16. 16
In millions
Q1 2016 Q1 2017
Operating income $7.7 $6.0
Acquisition and integration expenses $0.9 -
Adjusted operating income $8.6 $6.0
In millions
Q1 2016 Q1 2017
Net income applicable to TRC Companies, Inc.'s common shareholders $4.5 $3.6
Acquisition and integration expenses $0.9 -
Tax effect of acquisition and integration expenses ($0.4) -
Adjusted net income applicable to TRC Companies, Inc's common shareholders $5.0 $3.6
Diluted shares outstanding (as disclosed) 31.3 31.6
Adjusted diluted earnings per common share $0.16 $0.12
Adjusted Diluted Earnings per Common Share
Adjusted Operating Income
Reconciliation of Non-GAAP Measures
Amounts rounded for presentation purposes.
17. 17
Earnings Before Interest, Taxes, Depreciation, Amortization (EBITDA)
The Company presents EBITDA because it believes that it is a useful tool for the Company, its
lenders and its investors to measure the Company’s ability to meet debt service, capital
expenditure and working capital requirements. As used in the presentation, EBITDA is operating
income plus depreciation and amortization.
Adjusted Earnings Before Interest, Taxes, Depreciation, Amortization (Adjusted EBITDA)
As used in the presentation, Adjusted EBITDA is defined as EBITDA plus acquisition and
integration expenses.
Gross Margin and Gross Margin %
The Company presents Gross Margin and Gross Margin % to allow investors to better evaluate
short-term and long-term profitability trends. The definition of Gross Margin is equal to Net
Service Revenue less Cost of Services. Gross Margin % is equal to Gross Margin Divided by Net
Service Revenue.
Free Cash Flow
The Company presents Free Cash Flow, and ratios based on it, to conduct and evaluate its
business because, although it is similar to cash flow from operations, the Company believes it is a
useful measure of cash flows since purchases of fixed assets are a necessary component of
ongoing operations. The definition of Free Cash Flow is equal to net cash provided by (used in)
operating activities plus additions to property and equipment.
Definitions for Non-GAAP Measures
18. 18
Adjusted Operating Income
The Company presents Adjusted Operating Income because it believes that it is a useful tool for
the Company, its lenders and its investors to measure the Company’s underlying operating
performance. As used in the presentation, Adjusted Operating Income is defined as operating
income plus acquisition and integration expenses.
Adjusted Net Income
The Company presents Adjusted Net Income because it believes that it is a useful tool for the
Company, its lenders and its investors to measure the Company’s financial performance. As used
in the presentation, Adjusted Net Income is defined as net income applicable to TRC Companies,
Inc. plus the tax effected acquisition and integration expenses. The Company utilizes its effective
tax rate for the period in calculating the tax effect.
Adjusted Diluted Earnings Per Share (Adjusted Diluted EPS)
The Company presents Adjusted Diluted EPS because it believes that it is a useful tool for the
Company, its lenders and its investors to measure the Company’s financial performance. As used
in the presentation, Adjusted Diluted EPS is defined as Adjusted Net Income divided by diluted
weighted average shares outstanding.
Definitions for Non-GAAP Measures