Yellow Roadway Corporation reported record financial results for the first quarter of 2005 across all of its business units. Revenue increased 8.1% compared to the first quarter of 2004. Adjusted operating income more than doubled. The Yellow Transportation, Roadway Express, New Penn Motor Express, and Meridian IQ segments all saw revenue and operating income growth. Yellow Roadway also provided guidance for the second quarter and full year 2005, with earnings per share expected to be between $1.25-$1.35 for the second quarter and $5.10-$5.30 for the full year. The company remains focused on integrating its pending acquisition of USF Corporation.
- Old Dominion Freight Line reported first quarter earnings of $0.11 per share, down from $0.28 per share in the first quarter of 2008, as revenue declined 19.8% due to a 12.4% drop in tonnage from the recessionary economic environment.
- Operating ratio increased to 96.6% from 94.3% due to fixed costs being spread over fewer shipments, while revenue per hundredweight excluding fuel surcharges declined only 1.0% through pricing discipline.
- The company maintained a focus on efficiency and positioning itself for growth opportunities while balancing cost controls and capital expenditures of $79 million during the challenging quarter.
CCR reported strong financial results for 4Q11 and full year 2011. Key highlights include:
- Traffic growth of 4.4% in 4Q11 and 10.8% for 2011. Electronic toll collections reached 64.4% in 4Q11.
- EBITDA growth of 31.3% in 4Q11 and 29.9% for 2011, with EBITDA margins expanding significantly.
- Net income increased 1781.9% in 4Q11 and 33.9% for 2011, benefiting from increased traffic and capital discipline.
Anite plc reported its annual results for the year ended 30 April 2009. Key highlights included:
- Adjusted revenue from continuing operations was £90.1m, operating profit was £20m and operating margin was 22.2%
- Profit for the year, including profit from discontinued operations, was £36.3m
- Net cash of £27.3m at year-end following the sale of the Public Sector Division for £56.8m
- A final dividend of 0.65p per share was declared, making a total dividend for the year of 0.95p
Ferrovial Investors Presentation Jan Sep 2015Ferrovial
Ferrovial reported strong results for the first 9 months of 2015, with revenues and EBITDA increasing by double digits. Toll road traffic grew across the portfolio, with new concessions awarded. Construction backlog remained high, with international projects performing well. Services backlog was close to an all-time high, although UK margins declined due to higher costs on one contract. Heathrow airport saw a record number of passengers and higher dividends. Overall, the company demonstrated profitable growth across its businesses.
Ferrovial reported strong performance across most business lines in 2015. Revenues increased 11% in Services, 9% in Construction, and 18.9% in Toll Roads, driven by traffic growth and new project contributions. The order book remained high at over €31.5 billion combined for Construction and Services. Dividends received from toll road and airport investments increased compared to 2014. The company continued its focus on shareholder returns through dividend payments and a share buyback program in 2015.
TRW Automotive Holdings Corp. reported second quarter 2006 financial results with sales of $3.5 billion, a 3% increase over the prior year. Net earnings were $91 million or $0.88 per share, compared to adjusted prior year earnings of $75 million or $0.73 per share. For the first half of 2006, sales increased 4.1% to $6.9 billion and net earnings were $138 million or $1.34 per share, compared to adjusted prior year earnings of $125 million or $1.23 per share. The company revised its full year 2006 guidance upward.
Ferrovial reported strong performance across its business divisions in the first nine months of 2015. Revenues increased 12% and EBITDA grew 16%, helped by foreign exchange appreciation. Toll road traffic grew with the opening of new roads, and Heathrow airport saw a 2.3% increase in passengers. The services division saw a 13% revenue increase, with the construction division reporting 10% higher revenues on international growth. The company maintained a robust financial position with net cash of €1.2 billion excluding infrastructure projects.
- Old Dominion Freight Line reported first quarter earnings of $0.11 per share, down from $0.28 per share in the first quarter of 2008, as revenue declined 19.8% due to a 12.4% drop in tonnage from the recessionary economic environment.
- Operating ratio increased to 96.6% from 94.3% due to fixed costs being spread over fewer shipments, while revenue per hundredweight excluding fuel surcharges declined only 1.0% through pricing discipline.
- The company maintained a focus on efficiency and positioning itself for growth opportunities while balancing cost controls and capital expenditures of $79 million during the challenging quarter.
CCR reported strong financial results for 4Q11 and full year 2011. Key highlights include:
- Traffic growth of 4.4% in 4Q11 and 10.8% for 2011. Electronic toll collections reached 64.4% in 4Q11.
- EBITDA growth of 31.3% in 4Q11 and 29.9% for 2011, with EBITDA margins expanding significantly.
- Net income increased 1781.9% in 4Q11 and 33.9% for 2011, benefiting from increased traffic and capital discipline.
Anite plc reported its annual results for the year ended 30 April 2009. Key highlights included:
- Adjusted revenue from continuing operations was £90.1m, operating profit was £20m and operating margin was 22.2%
- Profit for the year, including profit from discontinued operations, was £36.3m
- Net cash of £27.3m at year-end following the sale of the Public Sector Division for £56.8m
- A final dividend of 0.65p per share was declared, making a total dividend for the year of 0.95p
Ferrovial Investors Presentation Jan Sep 2015Ferrovial
Ferrovial reported strong results for the first 9 months of 2015, with revenues and EBITDA increasing by double digits. Toll road traffic grew across the portfolio, with new concessions awarded. Construction backlog remained high, with international projects performing well. Services backlog was close to an all-time high, although UK margins declined due to higher costs on one contract. Heathrow airport saw a record number of passengers and higher dividends. Overall, the company demonstrated profitable growth across its businesses.
Ferrovial reported strong performance across most business lines in 2015. Revenues increased 11% in Services, 9% in Construction, and 18.9% in Toll Roads, driven by traffic growth and new project contributions. The order book remained high at over €31.5 billion combined for Construction and Services. Dividends received from toll road and airport investments increased compared to 2014. The company continued its focus on shareholder returns through dividend payments and a share buyback program in 2015.
TRW Automotive Holdings Corp. reported second quarter 2006 financial results with sales of $3.5 billion, a 3% increase over the prior year. Net earnings were $91 million or $0.88 per share, compared to adjusted prior year earnings of $75 million or $0.73 per share. For the first half of 2006, sales increased 4.1% to $6.9 billion and net earnings were $138 million or $1.34 per share, compared to adjusted prior year earnings of $125 million or $1.23 per share. The company revised its full year 2006 guidance upward.
Ferrovial reported strong performance across its business divisions in the first nine months of 2015. Revenues increased 12% and EBITDA grew 16%, helped by foreign exchange appreciation. Toll road traffic grew with the opening of new roads, and Heathrow airport saw a 2.3% increase in passengers. The services division saw a 13% revenue increase, with the construction division reporting 10% higher revenues on international growth. The company maintained a robust financial position with net cash of €1.2 billion excluding infrastructure projects.
This document summarizes a public meeting held by CTEEP in 2014. It discusses CTEEP's principal challenges, growth opportunities, and 3Q14 financial results. CTEEP aims to improve efficiency through optimization of O&M costs and investments, while pursuing indemnification from ANEEL. It also seeks to strengthen governance over its subsidiaries and capitalize on increased energy demand in Brazil through 2022. CTEEP's 3Q14 results show growth in net income, EBITDA, and RAP compared to the previous year.
This document provides an overview and financial results of ISA and its subsidiary CTEEP. ISA is a multinational company operating in 8 Latin American countries with businesses in electric energy transmission, toll roads, telecommunications and more. CTEEP is ISA's main subsidiary in Brazil, operating transmission lines across 16 states. The document discusses CTEEP's history, investments, efficiency initiatives, financial results, and subsidiaries. It also provides an overview of ISA's strategy to triple profits by 2020 through growth opportunities, efficiency, and portfolio optimization across Latin America.
This document contains the 1Q11 earnings results presentation for TPI - Triunfo Participações e Investimentos S.A. Some key highlights include:
- Total traffic volume on toll road concessions increased 8.8% in 1Q11 compared to 1Q10.
- Handled container volume totaled 124,228 TEUs, down 8.4% from 1Q10.
- Gross revenue increased 40.6% to R$205,646 in 1Q11 over the same period last year.
- EBITDA grew 22.0% to R$89,468 in 1Q11, though the EBITDA margin declined 5.5 percentage points.
Clear Channel Communications reported financial results for 2001. Revenues increased 49% to $8 billion while EBITDA grew 11% to $1.9 billion. Radio revenues rose 42% to $3.46 billion and EBITDA increased 29% through reorganizing management and hiring more salespeople. Entertainment had successful tours and productions. Clear Channel expanded internationally and consolidated operations across divisions. While 2001 was challenging, the company is well positioned for future growth.
Corporate Finance project on understanding a company's performance and growth using Sales, EBIT, Net profit before and after tax, Retained Earnings, Assets, Cost of capital and stock price performance
The AES Corporation reported strong financial results for the first quarter of 2007, with revenues increasing 11% and net cash from operating activities rising 14% compared to the same period last year. Income from continuing operations was $119 million, or $0.18 per share. However, AES incurred a net loss of $455 million, or $0.67 per share, due to a non-cash charge of $638 million from the sale of its Venezuelan subsidiary. The company continued executing its growth strategy during the quarter by partnering with GE for emission reduction projects and acquiring two new power plants in Mexico.
Aviva's 2014 interim results showed:
1) Operating profit increased 4% to £1,052 million due to lower restructuring costs and positive investment variances.
2) Cash remittances to the Group were up 7% at £612 million.
3) The value of new business increased 9% to £453 million, with growth in Poland, Turkey and Asia contributing 25% of the total.
Paul Huck presented Air Products' performance in fiscal year 2008. Key points include:
- Sales were $10.4 billion, up 14% from the prior year, with continued double-digit earnings growth.
- The company has a diverse portfolio across markets and geographies.
- Air Products aims to deliver profitable growth through long-term contracts, new investments, and margin improvement initiatives. The goal is 17% operating margins by 2010.
- Business segments like Merchant Gases, Electronics, and Tonnage Gases saw solid growth and improving returns in 2008 and the outlook for 2009 and beyond remains positive.
Iochpe-Maxion reported earnings for the fourth quarter of 2008 and full year 2008. Net operating revenue increased 40.7% to R$462 million in 4Q08 and 41.8% to R$1.828 billion in 2008. EBITDA grew 34.3% to R$46 million in 4Q08 and 71.7% to R$267.7 million in 2008. Net income declined 71.3% to R$4.9 million in 4Q08 but increased 195.7% to R$214.1 million for the full year 2008. The results were driven by growth in the wheels and chassis divisions as well as the impact of currency depreciation.
Grasim Industries reports improved performance in Q1FY16IndiaNotes.com
Grasim Industries reported improved performance for the quarter ended June 2015, with consolidated net sales up 7% to Rs. 8,599 crore. Operating margin improved 130 basis points to 16.5% due to lower raw material and power costs. However, operating profit grew only 16% to Rs. 1,417 crore due to higher interest and depreciation costs. Net profit declined 1% to Rs. 484.67 crore. Key segments like viscose staple fibre saw revenue increase 15% and EBITDA surge 72% on higher sales volumes and lower input costs. The cement subsidiary UltraTech reported 7% revenue growth but net profit fell 5% to Rs. 591 crore.
Scania reported record operating income and earnings per share for 2010. Net sales increased 26% to SEK 78.2 billion as deliveries of trucks and buses rose 47% to 63,712 vehicles. Order bookings increased 91% overall. Operating income was SEK 12.7 billion, up from SEK 2.4 billion in 2009. The board proposes a dividend of SEK 5.00 per share, up from SEK 1.00 last year. Scania increased production and hiring to meet strong demand, especially in Latin America.
Clear Channel Communications reported financial results for the fourth quarter and full year of 2002. For the fourth quarter, revenues increased 19% to $2.2 billion and EBITDA increased 68% to $579 million. For the full year, revenues increased 6% to $8.4 billion and EBITDA rose 14% to $2.2 billion. Radio revenues increased 10% for the quarter and 8% for the year. Outdoor revenues grew 17% for the quarter and 6% for the year. Entertainment revenues were up 28% for the quarter but down 1% for the year. The company had strong free cash flow of $273 million for the quarter and $1.25 billion for the full year. Management credited
PTC India reported a 43.7% rise in net profit for the second quarter of fiscal year 2011 compared to the same period last year. Trading volumes increased 21% year-over-year due to higher power generation and increased quantities traded under long-term contracts. The company maintained its leadership position in power trading but margins were suppressed by lower-margin cross-border and exchange trades. While revenues were flat, operating profit rose 28.3% due to lower employee costs from ESOP reversals. The company expects to maintain its lead in the industry and sees opportunities for growth through new business lines and subsidiaries.
PCCW reported a 20% decline in first-half net profit due to lower revenue contribution from its property development unit. Net profit fell to HK$656 million from HK$822 million a year earlier, while revenue declined 2% to HK$11.37 billion, mainly due to smaller contribution from its property development subsidiary. Revenue from PCCW's core telecommunications services rose 11% and from its broadband TV business increased 45%, but it did not offset the decline in property revenue. An analyst said net profit was below expectations due to continued investment in the TV business.
ExxonMobil announced its estimated earnings results for the first quarter of 2009. Earnings were $4.55 billion, down 58% from the first quarter of 2008. Earnings per share were $0.92, down 54% from the previous year. Capital and exploration expenditures increased 5% to $5.77 billion from the first quarter of 2008. ExxonMobil's Chairman commented that despite a slowdown in the global economy and lower commodity prices, the company maintained its long-term focus on capital investment in energy projects.
The Timken Company reported strong financial results for the first quarter of 2006, with record sales and increased net income compared to the first quarter of 2005. Net income grew 13% while earnings per share increased 11%. All three of the company's business segments - Industrial, Automotive, and Steel - performed well. The company also increased its full-year 2006 earnings guidance and expects continued strength in industrial markets and margin improvement across its business segments for the remainder of the year.
Viacom reported financial results for the second quarter of 2005, with revenues increasing 10% to $5.9 billion led by growth across business segments. Operating income rose 4% to $1.4 billion, paced by increases at Cable Networks and Outdoor. Net earnings from continuing operations increased 6% to $762 million. The company is on track to deliver mid-single digit growth in revenues and operating income, and high-single digit growth in earnings per share for 2005.
ITNL reported strong revenue growth in Q2 FY12, though profit growth was moderate due to higher interest costs. Revenue grew 42% to Rs. 1,255 crores due to increased project execution. EBITDA grew 37% but margins fell due to higher contribution from construction projects. Order backlog provides revenue visibility for the next 24-30 months. While order awards have slowed, bidding activity is increasing, presenting opportunities for future growth.
KPMG LLP is the US member firm of KPMG International, a Swiss cooperative. The document contains notes to the consolidated financial statements for JTH Tax, Inc. and Subsidiaries (doing business as Liberty Tax Service) for the years ending April 30, 2006, 2005 and 2004. During 2006, the Company was deemed the primary beneficiary of 16 franchise entities due to significant financial support provided, and therefore consolidated the assets, liabilities, and results of these entities. The summarized effect of consolidating these variable interest entities showed total assets of $99.7 million, total liabilities of $57.1 million, and net income of $8.3 million for the year ended April 30, 2006.
- Yellow Roadway Corporation reported strong financial results for the third quarter of 2004, with adjusted earnings per share increasing 84% compared to the third quarter of 2003.
- All of the company's operating segments achieved record revenue and operating income levels for the quarter. Yellow Transportation, Roadway Express, and New Penn Motor Express all saw revenue and profitability increases.
- For the first nine months of 2004, the company's adjusted earnings per share increased 75% from the same period in 2003, driven by revenue growth across all operating segments.
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.
This document summarizes a public meeting held by CTEEP in 2014. It discusses CTEEP's principal challenges, growth opportunities, and 3Q14 financial results. CTEEP aims to improve efficiency through optimization of O&M costs and investments, while pursuing indemnification from ANEEL. It also seeks to strengthen governance over its subsidiaries and capitalize on increased energy demand in Brazil through 2022. CTEEP's 3Q14 results show growth in net income, EBITDA, and RAP compared to the previous year.
This document provides an overview and financial results of ISA and its subsidiary CTEEP. ISA is a multinational company operating in 8 Latin American countries with businesses in electric energy transmission, toll roads, telecommunications and more. CTEEP is ISA's main subsidiary in Brazil, operating transmission lines across 16 states. The document discusses CTEEP's history, investments, efficiency initiatives, financial results, and subsidiaries. It also provides an overview of ISA's strategy to triple profits by 2020 through growth opportunities, efficiency, and portfolio optimization across Latin America.
This document contains the 1Q11 earnings results presentation for TPI - Triunfo Participações e Investimentos S.A. Some key highlights include:
- Total traffic volume on toll road concessions increased 8.8% in 1Q11 compared to 1Q10.
- Handled container volume totaled 124,228 TEUs, down 8.4% from 1Q10.
- Gross revenue increased 40.6% to R$205,646 in 1Q11 over the same period last year.
- EBITDA grew 22.0% to R$89,468 in 1Q11, though the EBITDA margin declined 5.5 percentage points.
Clear Channel Communications reported financial results for 2001. Revenues increased 49% to $8 billion while EBITDA grew 11% to $1.9 billion. Radio revenues rose 42% to $3.46 billion and EBITDA increased 29% through reorganizing management and hiring more salespeople. Entertainment had successful tours and productions. Clear Channel expanded internationally and consolidated operations across divisions. While 2001 was challenging, the company is well positioned for future growth.
Corporate Finance project on understanding a company's performance and growth using Sales, EBIT, Net profit before and after tax, Retained Earnings, Assets, Cost of capital and stock price performance
The AES Corporation reported strong financial results for the first quarter of 2007, with revenues increasing 11% and net cash from operating activities rising 14% compared to the same period last year. Income from continuing operations was $119 million, or $0.18 per share. However, AES incurred a net loss of $455 million, or $0.67 per share, due to a non-cash charge of $638 million from the sale of its Venezuelan subsidiary. The company continued executing its growth strategy during the quarter by partnering with GE for emission reduction projects and acquiring two new power plants in Mexico.
Aviva's 2014 interim results showed:
1) Operating profit increased 4% to £1,052 million due to lower restructuring costs and positive investment variances.
2) Cash remittances to the Group were up 7% at £612 million.
3) The value of new business increased 9% to £453 million, with growth in Poland, Turkey and Asia contributing 25% of the total.
Paul Huck presented Air Products' performance in fiscal year 2008. Key points include:
- Sales were $10.4 billion, up 14% from the prior year, with continued double-digit earnings growth.
- The company has a diverse portfolio across markets and geographies.
- Air Products aims to deliver profitable growth through long-term contracts, new investments, and margin improvement initiatives. The goal is 17% operating margins by 2010.
- Business segments like Merchant Gases, Electronics, and Tonnage Gases saw solid growth and improving returns in 2008 and the outlook for 2009 and beyond remains positive.
Iochpe-Maxion reported earnings for the fourth quarter of 2008 and full year 2008. Net operating revenue increased 40.7% to R$462 million in 4Q08 and 41.8% to R$1.828 billion in 2008. EBITDA grew 34.3% to R$46 million in 4Q08 and 71.7% to R$267.7 million in 2008. Net income declined 71.3% to R$4.9 million in 4Q08 but increased 195.7% to R$214.1 million for the full year 2008. The results were driven by growth in the wheels and chassis divisions as well as the impact of currency depreciation.
Grasim Industries reports improved performance in Q1FY16IndiaNotes.com
Grasim Industries reported improved performance for the quarter ended June 2015, with consolidated net sales up 7% to Rs. 8,599 crore. Operating margin improved 130 basis points to 16.5% due to lower raw material and power costs. However, operating profit grew only 16% to Rs. 1,417 crore due to higher interest and depreciation costs. Net profit declined 1% to Rs. 484.67 crore. Key segments like viscose staple fibre saw revenue increase 15% and EBITDA surge 72% on higher sales volumes and lower input costs. The cement subsidiary UltraTech reported 7% revenue growth but net profit fell 5% to Rs. 591 crore.
Scania reported record operating income and earnings per share for 2010. Net sales increased 26% to SEK 78.2 billion as deliveries of trucks and buses rose 47% to 63,712 vehicles. Order bookings increased 91% overall. Operating income was SEK 12.7 billion, up from SEK 2.4 billion in 2009. The board proposes a dividend of SEK 5.00 per share, up from SEK 1.00 last year. Scania increased production and hiring to meet strong demand, especially in Latin America.
Clear Channel Communications reported financial results for the fourth quarter and full year of 2002. For the fourth quarter, revenues increased 19% to $2.2 billion and EBITDA increased 68% to $579 million. For the full year, revenues increased 6% to $8.4 billion and EBITDA rose 14% to $2.2 billion. Radio revenues increased 10% for the quarter and 8% for the year. Outdoor revenues grew 17% for the quarter and 6% for the year. Entertainment revenues were up 28% for the quarter but down 1% for the year. The company had strong free cash flow of $273 million for the quarter and $1.25 billion for the full year. Management credited
PTC India reported a 43.7% rise in net profit for the second quarter of fiscal year 2011 compared to the same period last year. Trading volumes increased 21% year-over-year due to higher power generation and increased quantities traded under long-term contracts. The company maintained its leadership position in power trading but margins were suppressed by lower-margin cross-border and exchange trades. While revenues were flat, operating profit rose 28.3% due to lower employee costs from ESOP reversals. The company expects to maintain its lead in the industry and sees opportunities for growth through new business lines and subsidiaries.
PCCW reported a 20% decline in first-half net profit due to lower revenue contribution from its property development unit. Net profit fell to HK$656 million from HK$822 million a year earlier, while revenue declined 2% to HK$11.37 billion, mainly due to smaller contribution from its property development subsidiary. Revenue from PCCW's core telecommunications services rose 11% and from its broadband TV business increased 45%, but it did not offset the decline in property revenue. An analyst said net profit was below expectations due to continued investment in the TV business.
ExxonMobil announced its estimated earnings results for the first quarter of 2009. Earnings were $4.55 billion, down 58% from the first quarter of 2008. Earnings per share were $0.92, down 54% from the previous year. Capital and exploration expenditures increased 5% to $5.77 billion from the first quarter of 2008. ExxonMobil's Chairman commented that despite a slowdown in the global economy and lower commodity prices, the company maintained its long-term focus on capital investment in energy projects.
The Timken Company reported strong financial results for the first quarter of 2006, with record sales and increased net income compared to the first quarter of 2005. Net income grew 13% while earnings per share increased 11%. All three of the company's business segments - Industrial, Automotive, and Steel - performed well. The company also increased its full-year 2006 earnings guidance and expects continued strength in industrial markets and margin improvement across its business segments for the remainder of the year.
Viacom reported financial results for the second quarter of 2005, with revenues increasing 10% to $5.9 billion led by growth across business segments. Operating income rose 4% to $1.4 billion, paced by increases at Cable Networks and Outdoor. Net earnings from continuing operations increased 6% to $762 million. The company is on track to deliver mid-single digit growth in revenues and operating income, and high-single digit growth in earnings per share for 2005.
ITNL reported strong revenue growth in Q2 FY12, though profit growth was moderate due to higher interest costs. Revenue grew 42% to Rs. 1,255 crores due to increased project execution. EBITDA grew 37% but margins fell due to higher contribution from construction projects. Order backlog provides revenue visibility for the next 24-30 months. While order awards have slowed, bidding activity is increasing, presenting opportunities for future growth.
KPMG LLP is the US member firm of KPMG International, a Swiss cooperative. The document contains notes to the consolidated financial statements for JTH Tax, Inc. and Subsidiaries (doing business as Liberty Tax Service) for the years ending April 30, 2006, 2005 and 2004. During 2006, the Company was deemed the primary beneficiary of 16 franchise entities due to significant financial support provided, and therefore consolidated the assets, liabilities, and results of these entities. The summarized effect of consolidating these variable interest entities showed total assets of $99.7 million, total liabilities of $57.1 million, and net income of $8.3 million for the year ended April 30, 2006.
- Yellow Roadway Corporation reported strong financial results for the third quarter of 2004, with adjusted earnings per share increasing 84% compared to the third quarter of 2003.
- All of the company's operating segments achieved record revenue and operating income levels for the quarter. Yellow Transportation, Roadway Express, and New Penn Motor Express all saw revenue and profitability increases.
- For the first nine months of 2004, the company's adjusted earnings per share increased 75% from the same period in 2003, driven by revenue growth across all operating segments.
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.
The document is a notice and proxy statement for the annual meeting of stockholders of YRC Worldwide Inc. to be held on May 16, 2006. The meeting will consider two matters: 1) the election of nine directors and 2) any other business that may properly come before the meeting. Stockholders as of March 27, 2006 are entitled to vote. They can vote by returning a proxy card or in person at the meeting. The board recommends voting for the slate of nine directors.
YRC Worldwide reported a loss for 2008 due to the economic recession. While losses were larger than expected, cash flow was positive. The company aims to improve performance through integrating Yellow Transportation and Roadway networks, and reducing wages. An amendment to credit facilities is expected to finalize in February to improve the company's financial position.
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.
YRC Worldwide reported financial results for the fourth quarter and full year of 2007. For the fourth quarter, EPS was $0.01 excluding impairment, reorganization, and technology charges, but was a loss of $12.99 per share including these charges. For the full year 2007, EPS was $1.88 excluding charges, but was a loss of $11.17 per share including charges. Key challenges in 2007 were a difficult economic environment and decreasing tonnage. Looking ahead, the company expects continued economic challenges in early 2008.
- YRC Worldwide delivered strong financial results for 2006 with consolidated revenue and operating income at their highest levels in company history. However, results were below expectations due to weaker economic conditions impacting the fourth quarter and outlook for 2007.
- For 2006, revenue increased 13.5% to $9.9 billion and adjusted operating income rose 3.4% to $563 million. The fourth quarter saw revenue decline 3% to $2.4 billion and adjusted operating income fall 25.7% to $113 million.
- Looking ahead to 2007, the company expects EPS between $4.70-$4.90, revenue of $10.2 billion, interest expense of $90 million, and a tax rate
This letter discusses the achievements and growth of Liberty Tax Service in fiscal year 2006. Some key points include:
- Liberty Tax Service experienced remarkable growth and expansion, opening over 1,946 offices across the US and Canada.
- The company's growth rate makes it the fastest growing retail tax preparation company.
- Leadership aims to reach approximately 2,500 offices for the next tax season.
- Public relations efforts generated over 1,700 media placements, a 40% increase from the previous year.
- The CEO was recognized as Entrepreneur of the Year by the International Franchise Association.
The document is a notice and proxy statement for the 2008 Annual Meeting of Stockholders of YRC Worldwide Inc. to be held on May 15, 2008. Stockholders will vote on:
1) Electing directors to the Board of Directors.
2) Approving an amendment to the Company's 2004 Long-Term Incentive and Equity Award Plan.
3) Ratifying the appointment of KPMG LLP as the Company's independent registered public accounting firm for 2008.
The document provides details on each proposal and instructions for stockholders on how to vote.
- The document is Starbucks Corporation's annual report (Form 10-K) filed with the SEC for the fiscal year ended September 30, 2007.
- Starbucks purchases and roasts high-quality coffee beans and sells coffee, tea and food items through Company-operated retail stores and other channels called "Specialty Operations."
- The report provides an overview of Starbucks' business including its objectives, products, channels and financial statements.
YRC Worldwide reported its highest ever quarterly earnings per share of $1.62 for Q2 2006, up 16% from $1.40 in Q2 2005. Revenue increased 23% to a record $2.57 billion due to strong execution and cost initiatives. Adjusted operating income rose 28% to $177 million from $138 million. The company expects full year 2006 EPS between $5.65-$5.85 and third quarter EPS between $1.70-$1.80.
- Starbucks opened 16,680 stores globally in fiscal 2008, including 15,011 internationally, generating $10.4 billion in total revenues, a 10% increase over the previous year [Paragraph 1]
- Components of Starbucks' 2008 revenue included retail (84%), licensing (12%), and foodservice/other (4%). The US accounted for 76% of revenues while international was 20% [Paragraph 3]
- In fiscal 2008, Starbucks focused on coffee, customers, and community by launching new coffee offerings and rewards programs, and emphasizing ethical sourcing and social responsibility through initiatives like Shared Planet [Paragraphs 5-7]
YRC Worldwide reported second quarter 2008 diluted earnings per share of $0.62, including various one-time gains and losses. Revenue decreased 3.5% from the second quarter of 2007. YRC National Transportation saw a 19.6% decrease in operating income due to lower tonnage, while YRC Regional Transportation operating income declined 86.3% from a year ago. The company expects third quarter 2008 earnings between $1.05-$1.15 per share, including curtailment gains of $0.70 per share and increased union costs of $0.15 per share.
YRC Worldwide Inc. announced its second quarter 2007 earnings. Reported EPS was $0.95 compared to $1.58 in 2006. Revenue was $2.5 billion compared to $2.6 billion last year. National Transportation performed strongly with an operating ratio of 94.6%. However, overall results were impacted by a weak shipping market. For the full year, the company expects interest expense of $90 million, a tax rate of 36.9%, and free cash flow over $200 million.
The document is the 2005 annual report of YRC Worldwide Inc. It discusses how the company has transformed through acquisitions and strategic moves to become a leading global transportation and logistics provider with a presence in over 70 countries. Key points made in the report include YRC Worldwide acquiring USF Corporation to significantly expand its next-day transportation footprint across North America, establishing joint ventures in China to enhance its global capabilities, and realizing cost synergies through integration to benefit customers, shareholders, and employees. The company's evolution is reflected in its new name, YRC Worldwide, which emphasizes its global scale and operations.
This document outlines Dollar General's Code of Business Conduct and Ethics. It begins with a letter from the CEO explaining the company's mission of "Serving Others" in everything they do. It describes expectations for all employees, officers and board members to uphold the values of honesty, fairness and respect. The code provides guidance on ethical conduct regarding employees, customers, shareholders, communities and more. It emphasizes fulfilling their mission by serving each other, customers, shareholders and the communities where they operate.
This document is Starbucks' annual report on Form 10-K for the fiscal year ended October 1, 2006. It provides information on Starbucks' business segments, which were reorganized in fiscal 2006 to include three segments: United States, International, and Global Consumer Products Group. The report also discloses that 85% of Starbucks' revenue comes from company-operated retail stores, while the remaining 15% comes from specialty operations such as licensed retail stores, grocery/warehouse club sales, and other initiatives.
The document is a notice and proxy statement for the annual meeting of stockholders of Norfolk Southern Corporation to be held on May 14, 2009. It provides information on voting procedures, the proposals to be voted on which include the election of directors and ratification of auditors, and summaries of director and executive compensation. Stockholders are requested to vote by proxy prior to the meeting.
Yellow Roadway Corporation reported their highest quarterly earnings per share in company history for Q3 2005. Key highlights included:
- Yellow Transportation achieved a record quarterly operating ratio of 91.8% and revenue per hundredweight increased 7.2% year-over-year.
- Roadway Express closed the quarter with good momentum, with a 93.2% operating ratio.
- YRC Regional Transportation saw double-digit volume growth and revenue per hundredweight increased 6.0% year-over-year.
- Meridian IQ results reflected strong organic growth and expansion, with operating income increasing over 500% from the prior year quarter.
Yellow Roadway expected Q4 2005 EPS between
Yellow Roadway Corporation delivered a successful first year after merging Roadway Express and Yellow Transportation. In 2004, the company achieved its highest ever revenue and operating income. All business units set new records for revenue, operating income, and margins. For the fourth quarter of 2004, the company reported operating revenue of $1.77 billion, adjusted operating income of $107 million, and adjusted earnings per share of $1.24. For the full year, operating revenue was $6.77 billion and adjusted operating income was $357 million. The company expects continued strong performance in 2005 with earnings per share projected between $5.10-$5.30.
Yellow Roadway Corporation delivered a successful first year after merging Roadway Express and Yellow Transportation. In 2004, the company achieved its highest ever revenue and operating income. All business units set new records for revenue, operating income, and margins. For the fourth quarter of 2004, the company reported operating revenue of $1.77 billion, adjusted operating income of $107 million, and adjusted earnings per share of $1.24. For the full year, operating revenue was $6.77 billion and adjusted operating income was $357 million. The company expects continued strong performance in 2005 with earnings per share projected between $5.10-$5.30.
- Yellow Roadway Corporation reported strong financial results for the third quarter of 2004, with adjusted earnings per share increasing 84% compared to the third quarter of 2003.
- All of the company's operating segments achieved record revenue and operating income levels for the quarter. Yellow Transportation, Roadway Express, and New Penn Motor Express all saw revenue and profitability increases.
- For the first nine months of 2004, the company's adjusted earnings per share increased 75% from the same period in 2003, driven by revenue growth across all operating segments.
- Yellow Roadway Corporation reported strong financial results for the second quarter of 2005, with adjusted earnings per share growing over 40% compared to the second quarter of 2004.
- All of Yellow Roadway's transportation segments, including Yellow Transportation, Roadway Express, and regional brands, achieved record quarterly revenue and operating income.
- The company expects continued growth, forecasting third quarter 2005 EPS between $1.60-$1.65 and full year 2005 EPS in the range of $5.35-$5.50.
- Yellow Roadway Corporation reported strong financial results for the second quarter of 2005, with adjusted earnings per share growing over 40% compared to the second quarter of 2004.
- All of Yellow Roadway's transportation segments, including Yellow Transportation, Roadway Express, and regional brands, achieved record quarterly revenue and operating income.
- The company expects continued growth, forecasting third quarter 2005 EPS between $1.60-$1.65 and full year 2005 EPS in the range of $5.35-$5.50.
Yellow Roadway Corporation reported strong financial results for the first quarter of 2004, with earnings per share of $0.38, operating revenue of $1.55 billion (up 7.7% from 2003), and operating income of $41.3 million (up 20.3% from 2003). Each of the company's business units - Yellow Transportation, Roadway Express, New Penn Motor Express, and Meridian IQ - exceeded financial targets for the quarter and saw increased revenue and improved operating results compared to the prior year. The company also updated its full-year 2004 earnings guidance to a range of $3.00 per share.
Yellow Roadway Corporation reported strong financial results for the first quarter of 2004, with earnings per share increasing 40.7% over the previous year. Each of the company's business units exceeded financial targets for the quarter. Total revenue increased 7.7% compared to the previous year, with operating income rising 20.3%. The company expects earnings per share between $0.70-$0.75 for the second quarter and updated full-year guidance to $3.00 per share, plus or minus 5%.
YRC Worldwide reported record first quarter revenue of over $2.37 billion, a 41% increase over the previous year. While revenue grew in all segments, the quarter's results did not meet plans. Steps have been taken to improve financial performance for the remainder of the year. Adjusted earnings per share were $0.72. An outlook for the full year and second quarter was provided.
YRC Worldwide reported record first quarter revenue of over $2.37 billion, a 41% increase over the previous year. While revenue grew in all segments, the quarter's results did not meet expectations. Steps have been taken to improve financial performance for the remainder of the year. Outlook forecasts full year 2006 EPS between $5.65-$5.85 and revenue of approximately $10 billion.
- Yellow Roadway Corporation reported second quarter 2004 EPS of $0.97, more than double the pro forma EPS of $0.46 from the second quarter of 2003. All business units delivered strong performance and synergy efforts were ahead of schedule.
- Consolidated revenue for the quarter was $1.67 billion, up 15% from the prior year, and operating income was $88.2 million, up 88% from the prior year.
- For the first six months of 2004, EPS was $1.35, revenue was $3.23 billion, and operating income was $129.6 million, all representing significant increases over the prior year.
Yellow Roadway Corporation reported second quarter 2004 earnings per share of $0.97, more than double the pro forma EPS of $0.46 from the second quarter of 2003. All business units delivered strong performance and synergy efforts were ahead of schedule. Revenue increased 15% to $1.67 billion compared to pro forma second quarter 2003 revenue. Operating income increased 88% to $88.2 million compared to pro forma second quarter 2003 operating income. For the full year, earnings per share guidance was increased to $3.70-$3.75 per share and consolidated revenue is expected to be $6.7 billion.
- YRC Worldwide reported record revenue and operating income for 2005, with adjusted EPS of $5.28, up 33% from 2004.
- For Q4 2005, revenue was $2.48 billion, up 40% from Q4 2004, with adjusted operating income of $152 million, up 42% from Q4 2004.
- Segment highlights included record revenue and operating income for Yellow Transportation and improved operating ratios for Roadway Express and YRC Regional Transportation.
- For 2006, the company expects EPS between $6.15-$6.30 and consolidated revenue of about $10 billion.
- YRC Worldwide delivered a solid fourth quarter and year despite weaker economic conditions. Consolidated 2006 revenue and operating income were the highest in the company's history.
- For the fourth quarter, revenue was $2.41 billion compared to $2.48 billion the previous year. Adjusted operating income was $113 million compared to $152 million in 2005.
- For the full year, revenue was $9.9 billion, up 13.5% from 2005. Adjusted operating income was $563 million compared to $544 million in 2005.
- YRC Worldwide reported record quarterly revenue of $2.57 billion, up 3.2% from the third quarter of 2005. Adjusted quarterly earnings per share were $1.72, up 12% from the prior year.
- For the first nine months of 2006, revenue was $7.51 billion, up 20% from the same period in 2005. Adjusted diluted EPS was $4.06 compared to $3.88 the previous year.
- The company expects full year 2006 EPS between $5.45-$5.55 and revenue of approximately $10 billion.
- YRC Worldwide reported record quarterly revenue of $2.57 billion, up 3.2% from the third quarter of 2005. Adjusted quarterly earnings per share were $1.72, up 12% from the prior year.
- For the first nine months of 2006, revenue was $7.51 billion, up 20% from the same period in 2005. Adjusted diluted EPS was $4.06 compared to $3.88 the previous year.
- The company expects full year 2006 EPS between $5.45-$5.55 and revenue of approximately $10 billion.
YRC Worldwide reported a loss for 2008 due to the economic recession. While losses were larger than expected, cash flow was positive. The company aims to improve performance through integrating Yellow Transportation and Roadway networks, and reducing wages. An amendment to credit facilities is expected to finalize in February to improve the company's financial position.
YRC Worldwide reported its highest ever quarterly earnings per share of $1.62 for Q2 2006, up 16% from $1.40 in Q2 2005. Revenue increased 23% to a record $2.57 billion due to strong execution and cost initiatives. Adjusted operating income rose 28% to $177 million from $138 million. The company expects full year 2006 EPS between $5.65-$5.85 and third quarter EPS between $1.70-$1.80.
Goodrich Corporation announced strong financial results for the second quarter of 2005 and increased its full year 2005 outlook. Net income for Q2 2005 was $76 million, up 91% from the previous year. Sales increased 20% to $1.353 billion. The company increased its full year 2005 outlook for sales to $5.2-5.3 billion and net income per share to $2.00-$2.10. The improved results were driven by growth in commercial aerospace, defense, and all other market channels. Management attributed the performance to the commercial aerospace upturn and strong demand for defense products.
Goodrich Corporation announced strong financial results for the second quarter of 2005 and increased its full year 2005 outlook. Net income for Q2 2005 was $76 million, up 91% from the previous year. Sales increased 20% to $1.353 billion. The company increased its full year 2005 outlook for sales to $5.2-5.3 billion and net income per share to $2.00-$2.10. The improved results were driven by growth in commercial aerospace, defense, and all other market channels. Management attributed the performance to the commercial aerospace upturn and strong demand for defense products.
Pepco Holdings, Inc. held an analyst conference on October 5-6, 2004 to discuss the company's performance. The presentation included an overview of PHI's businesses, strategy, and corporate governance practices. It noted PHI has $7.1 billion in revenues and focuses on its regulated electric and gas delivery business, which accounts for 72% of operating income. The Power Delivery segment was discussed, which includes the transmission and distribution of electricity to 1.8 million customers across several mid-Atlantic states.
The document discusses Joseph Rigby's presentation on the strategic positioning of Southeast Utilities. It summarizes the company's strategic focus on power delivery, Conectiv Energy, and Pepco Energy Services. It also outlines the goals for the power delivery business, including sales growth, infrastructure investment, operational excellence, and constructive regulatory outcomes to deliver average annual earnings growth of at least 4%. Key infrastructure projects are highlighted.
The document summarizes a presentation given by Joseph M. Rigby, CFO of Pepco Holdings, Inc. (PHI) at an investor conference on March 28, 2006. The presentation outlines PHI's strategy to remain a regional diversified energy delivery and competitive services company focused on operational excellence. It discusses PHI's power delivery business, Conectiv Energy, and Pepco Energy Services. The presentation also provides financial performance summaries and projections showing PHI's ability to cover dividends and capital expenditures with cash from operations.
The document provides an overview and summary of PHI's strategy and performance across its various business segments. PHI aims to remain a regional diversified energy delivery and competitive services company focused on value creation and operational excellence. Key aspects include achieving constructive regulatory outcomes and 4% annual earnings growth for its power delivery utilities, optimizing assets and market opportunities for Conectiv Energy, and expanding Pepco Energy Services into additional markets. Financial performance has been positively impacted by infrastructure investments and sales growth, though earnings have been reduced in some jurisdictions due to higher standard offer service pricing.
This document provides an overview of PHI and its strategy for positioning itself for success in a dynamic industry. PHI's strategy is to remain a diversified regional energy delivery and competitive services company focused on value creation and operational excellence. For its power delivery utility operations, PHI's goals are to operate with excellence, achieve constructive regulatory outcomes, invest in infrastructure, and deliver at least 4% annual average earnings growth. PHI's service territory has a robust economy that is less susceptible to downturns and includes diverse government and private sectors.
This document provides an overview of PHI's 41st EEI Financial Conference held from November 5-8, 2006. It includes sections on PHI's financial performance for Q3 and year-to-date 2006, drivers of performance, sales and customer trends, regulated distribution summaries, upcoming regulatory activities including transmission formula rate filings and rate cases, and PHI's proposed MAPP transmission project. Key highlights are lower sales due to mild weather, lower transmission revenue, and plans to file rate cases in late 2006/early 2007.
This document provides an overview and summary of Power Holdings Inc.'s (PHI) various business segments. It discusses PHI's regulated electric and gas delivery business, which accounts for 67% of operating income. It also summarizes Conectiv Energy's competitive merchant generation and load service business, which accounts for 33% of operating income. Key highlights from rate cases and recent regulatory activities involving PHI's delivery businesses are also provided. The document contains forward-looking statements and non-GAAP financial measures.
The document provides an overview of Pepco Holdings Inc.'s (PHI) power delivery business and regulatory environment. It summarizes PHI's sales and customer growth projections, infrastructure investment strategy including the proposed Mid-Atlantic Power Pathway transmission project and Blueprint for the Future initiative. Recent distribution rate case outcomes for PHI's utilities are also summarized. The document is intended as a presentation for investors on PHI's positioned for success through its regulated electric and gas delivery business.
The document provides an overview of Pepco Holdings Inc.'s (PHI) various businesses including its regulated electric and gas delivery business, competitive energy generation business, and energy services business. It discusses PHI's infrastructure investment strategies, the status of major projects like the Mid-Atlantic Power Pathway, and the company's regulatory environment. Financial projections show expectations for continued investment and growth across PHI's businesses.
The document discusses Pepco Holdings' strategic focus on infrastructure investments and customer programs to position the company for continued success. It outlines plans to invest $1.2 billion in the Mid-Atlantic Power Pathway transmission project through 2014 and $646 million in advanced metering infrastructure and other programs through the company's Blueprint for the Future initiative between 2008-2014. Regulatory support is essential for cost recovery for these investments, which aim to enhance reliability, manage costs and protect the environment for customers.
This document provides an overview of Pepco Holdings' transmission and distribution business. It discusses plans to invest over $5 billion from 2007-2012 to upgrade aging infrastructure and improve reliability. A key project is the $1.05 billion Mid-Atlantic Power Pathway, a 230-mile 500kV transmission line from Northern Virginia to Southern New Jersey to be completed by 2013. The presentation outlines the project timeline, environmental stewardship efforts, and cost recovery approach through PJM and FERC. It also reviews the company's focus on replacing aging transmission equipment to further enhance reliability.
The document provides an overview of Pepco Holdings, Inc.'s (PHI) strategy to build shareholder value. PHI aims to increase investment in infrastructure through its Blueprint programs to modernize its electric grid. It also plans growth for its competitive energy businesses, Conectiv Energy and Pepco Energy Services. PHI expects its regulated Power Delivery business to remain the primary driver of earnings, contributing 60-70% of operating income over the planning period through infrastructure investments and favorable regulatory outcomes.
This document provides an overview of Pepco Holdings, Inc.'s power delivery business. It discusses planned infrastructure investments totaling $4.99 billion from 2008-2012 to improve reliability, support load growth, and implement new technology. A key project is the $1.05 billion Mid-Atlantic Power Pathway transmission line. The document also reviews regulatory highlights, including recent rate cases, and outlines operational and financial summaries for the company's distribution and transmission businesses.
- Pepco Holdings held its annual meeting and provided its annual report to shareholders.
- In 2002, Pepco Holdings earned $210.5 million in consolidated earnings, or $1.61 per share. Earnings were driven by strong performance from regulated utility businesses and some competitive energy businesses.
- The letter discusses the company's strategy, leadership, and financial and operational performance across its various business segments in 2002. It also encourages shareholders to vote and continue supporting the company.
- Pepco Holdings provided its first annual report after merging Pepco and Conectiv in August 2002.
- In 2002, PHI earned $210.5 million, or $1.61 per share, on $4.3 billion in revenue. Excluding merger costs, earnings were $1.74 per share.
- The letter discusses the company's regulated utility and competitive energy businesses, noting stable earnings from utilities and growth potential from competitive businesses. It encourages shareholders to vote and thanks them for their confidence and investment.
This document provides a summary of Pepco Holdings' 2004 annual report and proxy statement. Key points include:
1) Pepco Holdings reported improved financial performance in 2004 with consolidated earnings of $258.7 million, up from $113.5 million in 2003, driven by improved performance of competitive energy businesses.
2) The company made progress on reducing debt and preferred stock by $480 million in 2004 and achieved a total shareholder return of over 22% for 2003-2004.
3) The regulated power delivery business continues as the primary focus and driver of steady cash flow. Earnings from this segment improved to $233.4 million in 2004.
4) Competitive energy businesses also posted
The document provides details on Pepco Holdings' 2003 performance and future plans. It discusses challenges faced in 2003 including an energy trading loss, Mirant's bankruptcy, and Hurricane Isabel. However, actions taken in 2003 such as divesting non-core businesses and reducing risk are expected to set the stage for future earnings growth. The company remains focused on strengthening its core power delivery business and improving customer satisfaction.
The document provides details on Pepco Holdings' 2003 performance and future plans. It discusses challenges faced in 2003 including an energy trading loss, Mirant's bankruptcy, and Hurricane Isabel. However, actions taken in 2003 such as divesting non-core businesses and reducing risk are expected to set the stage for future earnings growth. The company remains focused on strengthening its core power delivery business and improving customer satisfaction.
This document provides a summary of Pepco Holdings' 2004 annual report and proxy statement. Key points include:
1) Pepco Holdings reported improved financial performance in 2004 with consolidated earnings of $258.7 million, up from $113.5 million in 2003, driven by improved performance of competitive energy businesses.
2) The company made progress on reducing debt and preferred stock by $480 million in 2004 as part of its balance sheet improvement goals.
3) The regulated power delivery business continues as the primary focus due to its stability and cash generation. Earnings from this segment grew to $233.4 million in 2004.
4) Competitive energy businesses also posted profits in 2004 despite challenging markets
The document is the 2005 annual report and proxy statement from PHI (Pepco Holdings Inc.). It discusses PHI's strategy of focusing on stable power delivery and growing energy businesses. In 2005, PHI achieved earnings of $371.2 million and strengthened its balance sheet by paying down over $1 billion in debt. Rising energy prices present challenges for PHI and its customers. The proxy statement announces the annual meeting to elect directors and ratify the independent auditor.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
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.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
TechnoXander Confirmation of Payee Product Pack 1.pdf
yrc worldwide1q_05
1. 10990 Roe Avenue
Overland Park, KS 66211
Phone 913 696 6100 Fax 913 696 6116
News Release
April 21, 2005
Yellow Roadway Corporation Reports Record First Quarter at All Business Units
▪ Yellow Transportation achieves its best first quarter operating ratio since 1986
▪ Roadway Express improves operating ratio nearly 3 points and increases operating income 143%
▪ New Penn posts 16.6% revenue growth and an 87.7 operating ratio
▪ Meridian IQ delivers double-digit revenue growth and nearly doubles operating income
OVERLAND PARK, KAN. --- Yellow Roadway Corporation (NASDAQ: YELL) today announced first
quarter 2005 adjusted earnings per share (“EPS”) of $.92, a 142% increase from last year’s first
quarter EPS of $.38. First quarter 2005 EPS includes $.05 per share of dilution from the company’s
contingent convertible notes based on an average YELL stock price of $57.10 for the quarter. No
related dilution was included in the first quarter of 2004. Adjusted EPS for the first quarter 2005
excludes $.04 related to gains on property disposals, which the company does not consider part of its
core operations. Reported EPS for the first quarter 2005 was $.96 per share compared to reported
first quarter 2004 EPS of $.38 per share.
“Our first quarter results reflect the strong and sustained performance of all of our operating
companies supported by a good economy, cost synergies and firm pricing,” stated Bill Zollars,
Chairman, President and CEO of Yellow Roadway. “We remain focused on operational execution as
we continue to build a global transportation services company and further establish a strong presence
in the next day market with our acquisition of USF.”
Yellow Roadway reported the following consolidated results for the first quarter of 2005:
▪ Operating revenue of $1.68 billion compared to first quarter 2004 revenue of $1.55 billion, an
8.1% increase.
▪ Adjusted operating income of $87 million, more than double first quarter 2004 adjusted operating
income of $42 million. Adjustments in the first quarter of 2005 and 2004 related entirely to
property disposals. Reported operating income was $90 million compared to reported operating
income of $41 million in the first quarter of 2004.
Selected Segment Highlights for First Quarter 2005
“The record first quarter performance at each of our business units demonstrates their continued
commitment to deliver solid results,” Zollars said.
▪ Yellow Transportation
Record first quarter revenue of $791 million, up 7.7% from first quarter last year
Record first quarter adjusted operating income of $46 million ($18 million more than the
previous record set in 1989) and reported operating income of $49 million
Adjusted operating ratio of 94.2% and reported operating ratio of 93.8%
LTL revenue per hundred weight, excluding fuel surcharge, up 3.4%, and with further
adjustments for business mix, up 4.6%, when compared to first quarter 2004
2. ▪ Roadway Express
Record first quarter revenue of $767 million, up 6.9% from first quarter last year
Record first quarter operating income of $37 million, up $21 million from first quarter 2004
Operating ratio of 95.2%
LTL revenue per hundred weight, excluding fuel surcharge, up 2.2%, and with further
adjustments for business mix, up 2.8%, when compared to first quarter 2004
▪ New Penn Motor Express
Record first quarter revenue of $65 million, up 16.6% from first quarter of 2004
Operating ratio of 87.7%
LTL tonnage per workday up 9.7%, when compared to first quarter last year
▪ Meridian IQ
Record first quarter revenue of $56 million, up 23.5% from first quarter last year
Operating income of $1.0 million compared to $0.6 million in first quarter 2004
For complete statistical information, refer to the company’s website at www.yellowroadway.com under
Investor Relations and then select Earnings Releases & Operating Statistics.
Outlook
“Our business volumes are healthy and pricing remains firm,” said Zollars. Based on the continuation
of these trends, the company’s expectations are as follows:
▪ Second quarter 2005 EPS between $1.25 and $1.35, including $.07 per share of dilution from the
contingent convertibles. The estimated dilution is based on the second quarter-to-date average
YELL stock price of $54.69.
▪ Consistent with previous guidance, full year 2005 EPS in the range of $5.10 to $5.30, including
$.29 per share of dilution from the contingent convertibles. The full year estimated dilution is
based on the year-to-date average YELL stock price of $56.65.
▪ Full year revenue, interest expense and the effective tax rate are expected to be consistent with
previous guidance.
▪ Gross capital expenditures for 2005 are still expected to be between $235 and $245 million.
The guidance above does not include any impact from the pending acquisition of USF Corporation.
Update on Acquisition of USF Corporation (NASDAQ: USFC)
▪ Yellow Roadway and USF Corporation established April 21, 2005 as shareholder record dates,
and announced special shareholder meetings regarding the transaction to be held May 23, 2005.
The parties will mail a joint proxy statement/prospectus describing the transaction and the
meetings in greater detail to shareholders of record shortly after the record date.
▪ In accordance with the merger agreement, the transaction will close one business day after all
conditions have been met.
3. Review of Financial Results
Yellow Roadway Corporation (NASDAQ: YELL) will host a conference call for the investment
community on Friday, April 22, 2005, beginning at 9:30 a.m. ET, 8:30 a.m. CT.
Investors and analysts should dial 1.888.428.4478 at least 15 minutes prior to the start of the call.
The conference call will be open to listeners through a live webcast via StreetEvents at
www.streetevents.com and via the Yellow Roadway Internet site www.yellowroadway.com.
An audio playback will be available beginning two hours after the call ends until midnight on May 6,
2005 by calling 1.800.475.6701 and then entering the access code, 776452. An audio playback also
will be available for 30 days after the call via the StreetEvents and Yellow Roadway web sites.
* * * * *
This news release (and oral statements made regarding the subjects of this release, including on the
conference call announced herein) contain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. The words “expect,” and similar expressions are intended to identify forward-
looking statements. It is important to note that the company’s actual future results could differ
materially from those projected in such forward-looking statements because of a number of factors,
including (without limitation), inflation, inclement weather, price and availability of fuel, competitor
pricing activity, expense volatility, ability to capture cost synergies, a downturn in general or regional
economic activity, changes in equity and debt markets, effects of a terrorist attack, and labor relations,
including (without limitation), the impact of work rules, any obligations to multi-employer health,
welfare and pension plans, wage requirements and employee satisfaction.
Yellow Roadway Corporation, a Fortune 500 company, is one of the largest transportation service
providers in the world. Through its subsidiaries including Yellow Transportation, Roadway Express,
New Penn Motor Express, Reimer Express, Meridian IQ and Yellow Roadway Technologies, Yellow
Roadway provides a wide range of asset and non-asset-based transportation services integrated by
technology. The portfolio of brands provided through Yellow Roadway Corporation subsidiaries
represents a comprehensive array of services for the shipment of industrial, commercial and retail
goods domestically and internationally. Headquartered in Overland Park, Kansas, Yellow Roadway
Corporation employs over 50,000 people.
Investor Contact: Stephen Bruffett Media Contact: Suzanne Dawson
Yellow Roadway Corporation Linden Alschuler & Kaplan
913.696.6108 212.329.1420
steve.bruffett@yellowroadway.com sdawson@lakpr.com
4. STATEMENTS OF CONSOLIDATED OPERATIONS
Yellow Roadway Corporation and Subsidiaries
For the Three Months Ended March 31
(Amounts in thousands except per share data)
(Unaudited)
2005 2004
OPERATING REVENUE $ 1,677,961 $ 1,552,135
OPERATING EXPENSES:
Salaries, wages and employees' benefits 1,033,447 993,550
Operating expenses and supplies 256,457 238,357
Operating taxes and licenses 42,819 40,565
Claims and insurance 28,862 30,013
Depreciation and amortization 45,968 40,606
Purchased transportation 183,653 167,264
(Gains) losses on property disposals, net (3,234) 462
Total operating expenses 1,587,972 1,510,817
OPERATING INCOME 89,989 41,318
NONOPERATING (INCOME) EXPENSES:
Interest expense 8,615 11,910
Other 771 (120)
Nonoperating expenses, net 9,386 11,790
INCOME BEFORE INCOME TAXES 80,603 29,528
INCOME TAX PROVISION 30,710 11,372
NET INCOME $ 49,893 $ 18,156
AVERAGE SHARES OUTSTANDING-BASIC 48,797 47,874
AVERAGE SHARES OUTSTANDING-DILUTED 52,193 48,246
BASIC EARNINGS PER SHARE $ 1.02 $ 0.38
DILUTED EARNINGS PER SHARE $ 0.96 $ 0.38
5. SUPPLEMENTAL FINANCIAL INFORMATION
Yellow Roadway Corporation and Subsidiaries
For the Three Months Ended March 31
(Amounts in thousands except per share data)
(Unaudited)
2005 2004 %
Operating revenue:
Yellow Transportation $ 791,166 $ 734,470 7.7
Roadway Express 766,769 717,138 6.9
New Penn 65,414 56,104 16.6
Meridian IQ 56,409 45,670 23.5
Corporate and other (1,797) (1,247) (44.1)
Consolidated 1,677,961 1,552,135 8.1
Reported operating income (loss):
Yellow Transportation 48,827 26,421 84.8
Roadway Express 37,080 15,037 146.6
39.9
New Penn 8,045 5,751
77.9
Meridian IQ 1,041 585
Corporate and other (5,004) (6,476) 22.7
Consolidated 89,989 41,318 117.8
Adjustments to operating income by segment a :
Yellow Transportation (2,660) 467
Roadway Express (558) (7)
New Penn (23) (5)
Meridian IQ (2) 7
Corporate and other 9 -
Consolidated (3,234) 462
Adjusted operating income (loss):
Yellow Transportation 46,167 26,888 71.7
Roadway Express 36,522 15,030 143.0
New Penn 8,022 5,746 39.6
75.5
Meridian IQ 1,039 592
22.9
Corporate and other (4,995) (6,476)
Consolidated $ 86,755 $ 41,780 107.6
Reported operating ratio:
Yellow Transportation 93.8% 96.4%
Roadway Express 95.2% 97.9%
New Penn 87.7% 89.7%
Consolidated 94.6% 97.3%
Adjusted operating ratio:
Yellow Transportation 94.2% 96.3%
Roadway Express 95.2% 97.9%
New Penn 87.7% 89.8%
Consolidated 94.8% 97.3%
Reconciliation of reported diluted earnings per share (EPS)
to adjusted diluted EPS:
Reported diluted EPS $ 0.96 $ 0.38
Gains on property disposals (0.04) -
Adjusted diluted EPS $ 0.92 $ 0.38
a Management excludes these items when evaluating operating income and segment performance to more accurately
compare the results of our core operations among periods. Adjustments presented in the 2005 and 2004 periods herein
consist entirely of property gains and losses.
6. Selected Financial Data
Yellow Roadway Corporation and Subsidiaries
(Amounts in thousands unless otherwise noted)
(Unaudited)
For the Three Months Ended March 31,
2005 2004
Net cash from operating activities $ 31,222 $ 89,729
Net cash used in investing activities (36,994) (65,462)
Net cash provided by (used in) financing activities 668 (78,745)
Gross capital expenditures (42,723) (57,931)
Net capital expenditures (33,792) (57,581)
Proceeds from exercise of stock options 668 1,769
Free cash flow a (1,902) 33,917
March 31, December 31,
2005 2004
Cash and cash equivalents $ 101,385 $ 106,489
Accounts receivable, net 814,202 778,596
Net property and equipment 1,415,005 1,422,718
Total assets 3,645,974 3,627,169
Asset backed securitization borrowings - -
Current maturities of contingently convertible notes 400,000 250,000
Long-term debt, less current portion 252,320 403,535
Total debt 656,720 657,935
Total shareholders' equity 1,270,322 1,214,191
Debt to capitalization b 34.1% 35.1%
Debt to capitalization, less available cash 30.4% 31.2%
a Management uses free cash flow as an indication of the cash available to fund additional capital expenditures, to reduce
outstanding debt (including current maturities), or to invest in our growth strategies. Free cash flow is calculated as net cash
from operating activities plus stock option proceeds less net capital expenditures. This measurement is used for internal
management purposes and should not be construed as a better measurement than net cash from operating activities as
defined by generally accepted accounting principles.
b
We calculate debt to capitalization as total debt divided by total debt plus total shareholders' equity.