Herman Miller, Inc. Third Quarter Fiscal 2015 Investor Conference Call March 19, 2015

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Herman Miller, Inc. Third Quarter Fiscal 2015 Investor Conference Call March 19, 2015"

Transcription

1 Herman Miller, Inc. Third Quarter Fiscal 2015 Investor Conference Call March 19, 2015 The following document is a replication of the notes used in Herman Miller, Inc. s Third Quarter Fiscal 2015 conference call presentation. Brian Walker, President and CEO; Jeff Stutz, CFO; and Kevin Veltman, Vice President of Investor Relations & Treasurer, hosted the call. These notes represent an abridged version of the conference call and do not include the Q & A portion. Those wishing to hear the associated Q & A segment can do so by listening to the archived webcast version of the call on the investor relations page at This presentation will include forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include those risk factors discussed in the Company s reports on forms 10-K and 10-Q and other reports filed with the Securities and Exchange Commission. Also, the financial amounts and references to internal measures mentioned today are unaudited. [OPENING BRIAN WALKER, PRESIDENT AND CEO] Good morning everyone thank you for joining us on today s call. I ll begin with a brief update on our recent performance and key strategic initiatives, then hand the call over to Jeff and Kevin to review the financials in greater detail. As you know, we announced preliminary third quarter sales and orders on March 2 just ahead of our presentation at the Raymond James Investor Conference that same week. Our final results for the quarter landed within the ranges we provided at that time, with consolidated sales coming in at $516 million and new orders totaling $501 million, representing year-on-year growth of 13% and 8%, respectively. As we noted at the time of our pre-announcement, during the third quarter we continued to see momentum in our Specialty and Consumer business segments, both of which reported year-on-year growth in sales, orders, and profitability. The same can be said for our ELA segment, which despite a challenging currency environment posted solid organic sales and order growth and improved earnings performance. At the same time, as we highlighted last quarter, the performance of our North American Contract business has not met our expectations, particularly in the - 1 -

2 area of order growth, which began to lag the broader industry trends during our second quarter. On our call in December, we outlined several contributing factors, along with the actions we were taking to address the issues. During the third quarter we rallied around implementing these action plans. Indeed many of them are completed and we continue to actively make tactical moves to improve both our short and long term competitive position in this segment. While we are pleased with the speed with which the organization is responding to these challenges, these actions did not impact orders and revenue in the third quarter. To be frank, given the project cycles of this segment, it will take some time before these actions work there way through wins, orders and ultimately revenue. With that said, we are confident these actions will improve our competitive position and, we will be relentless in our drive to compete and win. I would further note that our industry outlook for North America continues to show positive signs. The most recent BIFMA forecast calls for mid-single digit growth in calendar 2015 and Underlying leading indicators including service sector employment, non-residential construction forecasts and ABI trends should also support our efforts to accelerate growth. So let me recap how we plan to do it. First, I ll discuss actions within our sales organization and then what we are doing on the product side. Within sales, we increased selling capacity during the third quarter by filling open sales positions and we are now running at normal staffing levels. We are also putting greater focus on small and mid-size projects to ensure we are competing more effectively for this business. Finally, we are executing detailed market-bymarket plans to ensure showrooms and sales teams are well-positioned to effectively communicate our value proposition. Each of these initiatives is up and running and gaining traction. From a product perspective, we have completed the development and launch of key new product introductions, including Canvas Dock and important extensions to the Public Office Landscape and Mirra 2 product lines, all of which are now available for order. We are also accelerating the development of products which will fill gaps in our offer over the next six to twelve months. We have also re-set many of our North American showrooms with the remainder to be completed by the end of the fourth quarter. The objective was to ensure we had the right assortment of products on the floor, including our newest products such as Canvass Dock. We have also moved quickly to get these products into the showrooms of our dealers and accelerated the training of their people. In addition to these actions, we took important steps within our North American leadership to ensure we have the right team in place to help us execute our strategic plan. Our goal is simple get closer to the customer and dealer, and - 2 -

3 then deliver industry-best speed and solutions. And we re confident we have the right team to do it. To sum it up, as we look at our North America business, we have our arms around the issues, we are attacking them with a sense of urgency and resolve, and we are confident that we have the right strategy, the right tools, and the right leadership in place to return this business to higher growth. Let me now turn to the other parts of our business that have continued to perform well. The Specialty and Consumer segments once again delivered solid orders, sales, and margin contribution. That s great evidence of continued progress in our SHIFT strategy to diversify our customer base and develop new avenues for long-term growth as we focus on building a lifestyle brand. Within the Consumer segment, the integration of DWR is well under way and proving very complementary to the strategy. The team, led by John Edelman and John McPhee, is deeply engaged and moving ahead in high gear on our priorities and plans. We are making good progress toward our exclusive product goals, introducing more DWR exclusives and growing our Herman Miller Consumer product offer, while also expanding our e-commerce business. We are also continuing to see growth from other key non-exclusive brands that DWR carries. Likewise the new large-format studios continue to perform well and are proving to be a more efficient model for the business. We will continue to convert three to five studios per year to the larger formats that allow us to display our products much more effectively for our customers. In short, the Consumer business is becoming a powerful part of our economic engine, and we expect the positive momentum the team is building to continue. Our Specialty business also performed well this quarter, with double-digit sales and order growth at both Geiger and our Herman Miller Collection business. The Maharam team continues to deliver premium margins and we remain very positive on their growth potential, with active plans underway in new categories and geographies. While our reported growth rates in the third quarter reflect the negative impact of the strengthening U.S. dollar, our ELA segment delivered solid organic results, posting year-over-year growth of 6% in sales and 5% in orders. This growth was led by increased demand in the Asia-Pacific region particularly Australia and India and continued project activity in the Middle East. As we look at the Herman Miller value proposition overall, we have a premier brand and a talented team to take it further. We are focused on executing a strategy that fits well with our strengths and capabilities. Through our swift and decisive actions and an unmatched dealer network, we are confident we will regain momentum in our Contract business in North America

4 With that, I will turn the call over to Jeff to further discuss the financials. [Q3 FINANCIAL REVIEW JEFF STUTZ, CFO] Thanks, Brian... Consolidated sales in the third quarter of $516 million were 13% higher than the same quarter last year. Orders in the period of $501 million were 8% above the prior year level. On an organic basis, excluding the impact of DWR, dealer divestitures and foreign currency translation, net sales in the period increased 4% from the prior year. Within our North American segment, sales were $296 million in the third quarter. This represents an increase of 1% from Q3 of last year. Adjusting for the impact of dealer divestitures and foreign currency translation, segment sales were up nearly 3% on a year-over-year basis. New orders in this segment totaled $282 million in the third quarter, reflecting a 3% decrease from last year on a GAAP-basis, and an organic decline of 1%. Our ELA segment reported sales and orders in the third quarter totaling $97 million and $100 million, respectively both of which reflect a decrease of 1% compared to last year. Adjusted for the negative impact of changes in foreign currency translation, segment sales increased approximately 6%, and orders were up 5% relative to Q3 of last year. As Brian highlighted, the organic sales and order growth was by driven by increased demand in the Asia-Pacific region particularly Australia and India and continued strength in the Middle East. Sales in the third quarter within our Specialty segment totaled $51 million. This represents a 6% increase over the same quarter last year. New orders in the quarter of $53 million increased almost 8% from the year ago period. Our Consumer segment reported sales of $73 million in the third quarter - an increase of $56 million from the same quarter last year. Of course, the addition of DWR drove the majority of this year-on-year sales growth, but we also enjoyed strong organic growth, posting an increase of 22% over Q3 of last year. New orders in this segment totaled $65 million an increase of $43 million over last year. We estimate that the translation impact from changes in currency exchange rates relative to year-ago levels reduced our consolidated net sales and orders in the quarter by approximately $8 million. I ll now review expenses and earnings for the quarter. Our consolidated gross margin in the third quarter totaled 36.9% compared to 35.7% in the same quarter of last fiscal year. This 120 basis point improvement - 4 -

5 resulted primarily from favorable product and channel mix, including the addition of DWR, operational improvements within our Specialty and ELA business segments, and net pricing realization. These factors combined to more than offset the negative currency impact of the stronger U.S. Dollar. Operating expenses in the third quarter of $151 million were up $24 million from the same quarter last year. This relative increase in expenses was driven principally by the addition of DWR. Additionally, during the third quarter we announced restructuring actions involving targeted workforce reductions within our North America business. These actions resulted in the recognition of severance and outplacement expenses totaling $1.9 million before tax. On a GAAP basis, including restructuring expenses, we reported operating earnings of $37 million in the third quarter. Excluding these charges, adjusted operating earnings this quarter were $39 million, or 7.6% of sales. In the third quarter of last fiscal year, adjusted operating earnings were $35 million or 7.7% of sales. Our effective tax rate in the third quarter was 33.6% compared to 33.3% in the same quarter of last year. Finally, net earnings in the third quarter were $21 million, or $0.35 per share on a diluted basis. Excluding the impact of restructuring expenses recognized in the period, adjusted diluted earnings per share this quarter totaled $0.37. This compares to adjusted earnings of $0.34 per share in the third quarter of last year. With that, I ll turn the call over to Kevin to give us an update on our cash flow and balance sheet. [KEVIN VELTMAN, VICE PRESIDENT OF INVESTOR RELATIONS & TREASURER] Thank you, Jeff. We ended the quarter with total cash and cash equivalents of $62 million an amount down approximately $3 million from where we ended last quarter. Cash flows from operations in the third quarter totaled $29 million, which reflects an increase of $6 million over the third quarter of last year. Changes in working capital resulted in a net cash use of $12 million in the period. This was driven primarily by a reduction in accounts payable balances and increased prepaid expenses associated with income tax payments. These changes were partially offset in the quarter by a net reduction in trade receivables. Capital expenditures in the quarter were $17 million; and we continue to anticipate full-year capital spending to be between $65 million and $70 million

6 Cash dividends paid in the quarter were $8 million compared to $7 million in Q3 of last fiscal year. We remain in compliance with all debt covenants and as of quarter-end our gross-debt to EBITDA ratio was approximately 1.4 to 1. The available capacity on our bank credit facility stands at $116 million at the end of this quarter. We are confident we can meet the financing needs of the business moving forward given our current cash position, expected cash flows from ongoing operations, and available borrowing capacity. With that, Jeff will now cover our sales and earnings guidance for the fourth quarter of fiscal [OUTLOOK JEFF STUTZ] Thanks, Kevin We expect sales to range between $530 million and $560 million in the fourth quarter. This guidance implies total revenue growth between 10% and 14% over Q4 of last fiscal year. We expect our consolidated gross margin in the fourth quarter to remain fairly stable with the Q3 level, as increased factory production and lower commodity costs are offset by continued currency pressure and incremental discounting. In total, we expect gross margin to range between 36.5% and 37.5% for the fourth quarter. We anticipate a seasonal ramp-up in operating expenses this quarter driven by higher sales volume, increased spending on program marketing in support of new product launches and preparations for the NeoCon tradeshow in June. In addition, we expect our fourth quarter expenses will reflect incremental investments in selling capacity and showroom refreshes relative to our third quarter spending level. In total, Q4 operating expenses are expected to range between $157 million and $161 million. Earnings per share in the quarter are expected to be between $0.39 and $0.43. This guidance assumes an effective tax rate of approximately 34%. I should also point out that this estimated tax rate does not reflect any potential benefits related to certain tax planning ideas we are contemplating for the fourth quarter. With that, I ll now turn the call back over to the operator so we can take your questions. [Q&A] - 6 -

7 [CLOSING BRIAN WALKER] Thanks again for sharing your time with us today. I hope you hear our determination, and a sense of urgency, to improve the competitive position of our North American business while continuing to build on the momentum in our Specialty, Consumer and ELA segments. Thank you for your continued interest and we will look forward to updating you in June. Have a great day

Herman Miller, Inc. First Quarter Fiscal 2016 Investor Conference Call September 17, 2015

Herman Miller, Inc. First Quarter Fiscal 2016 Investor Conference Call September 17, 2015 Herman Miller, Inc. First Quarter Fiscal 2016 Investor Conference Call September 17, 2015 The following document is a replication of the notes used in Herman Miller, Inc. s First Quarter Fiscal 2016 conference

More information

Herman Miller, Inc. First Quarter Fiscal 2015 Investor Conference Call September 18, 2014

Herman Miller, Inc. First Quarter Fiscal 2015 Investor Conference Call September 18, 2014 Herman Miller, Inc. First Quarter Fiscal 2015 Investor Conference Call September 18, 2014 The following document is a replication of the notes used in Herman Miller, Inc. s First Quarter Fiscal 2015 conference

More information

Herman Miller, Inc. Second Quarter Fiscal 2016 Investor Conference Call December 17, 2015

Herman Miller, Inc. Second Quarter Fiscal 2016 Investor Conference Call December 17, 2015 Herman Miller, Inc. Second Quarter Fiscal 2016 Investor Conference Call December 17, 2015 The following document is a replication of the notes used in Herman Miller, Inc. s Second Quarter Fiscal 2016 conference

More information

Herman Miller, Inc. Fourth Quarter Fiscal 2016 Investor Conference Call June 23, 2016

Herman Miller, Inc. Fourth Quarter Fiscal 2016 Investor Conference Call June 23, 2016 Herman Miller, Inc. Fourth Quarter Fiscal 2016 Investor Conference Call June 23, 2016 The following document is a replication of the notes used in Herman Miller, Inc. s Fourth Quarter Fiscal 2016 conference

More information

3 rd Quarter 2014 Earnings Conference Call Transcript

3 rd Quarter 2014 Earnings Conference Call Transcript 3 rd Quarter 2014 Earnings Conference Call Transcript Overview*: BDC reported 3Q14 consolidated revenues of $613.1M, income from continuing operations of $50.4M and diluted EPS from continuing operations

More information

HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE QUARTER

HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE QUARTER FOR IMMEDIATE RELEASE CONTACT: Maria C. Duey Vice President, Corporate Development & Investor Relations (248) 593-8810 mduey@horizonglobal.com HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE

More information

Slide 1, Opening Matt Ginter, Treasurer and Vice President, Investor Relations

Slide 1, Opening Matt Ginter, Treasurer and Vice President, Investor Relations Q3 2015 Earnings Call Transcript Inge Thulin & Nicholas Gangestad October 22, 2015 Slide 1, Opening Matt Ginter, Treasurer and Vice President, Investor Relations Thank you and good morning everyone. Welcome

More information

Third Quarter 2015 Financial Highlights:

Third Quarter 2015 Financial Highlights: DISCOVERY COMMUNICATIONS REPORTS THIRD QUARTER 2015 RESULTS, INCREASES BUYBACK AUTHORIZATION BY $2 BILLION AND ANNOUNCES RESUMPTION OF SHARE REPURCHASES BEGINNING IN FOURTH QUARTER 2015 Third Quarter 2015

More information

SYMANTEC CORPORATION 4Q13 and FY13 RESULTS PREPARED REMARKS

SYMANTEC CORPORATION 4Q13 and FY13 RESULTS PREPARED REMARKS Introduction Helyn Corcos, Vice President Investor Relations Good afternoon and thank you for joining our call to discuss our fourth quarter and fiscal year 2013 results. With me today are Steve Bennett,

More information

NEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS

NEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS NEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS TORONTO, CANADA August 11, 2010 -- Russel Metals Inc. (RUS TSX) today announced second quarter earnings of $19

More information

LightPath Technologies Reports 61% Revenue Increase with Fiscal 2016 First Quarter Financial Results

LightPath Technologies Reports 61% Revenue Increase with Fiscal 2016 First Quarter Financial Results For Immediate Release LightPath Technologies Reports 61% Revenue Increase with Fiscal 2016 First Quarter Financial Results Continued Momentum for Global Sales of Specialty and Infrared Products ORLANDO,

More information

DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015

DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 For Immediate Release DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 SECOND QUARTER HIGHLIGHTS Second quarter 2015 ( Q2 ) Revenues of $73.4 million, a decrease of 4.3% year over year

More information

PDI Reports 2012 First Quarter Financial Results. Management to Host Conference Call Tomorrow, May 15, 2012 at 8:30AM ET

PDI Reports 2012 First Quarter Financial Results. Management to Host Conference Call Tomorrow, May 15, 2012 at 8:30AM ET PDI CONTACT: INVESTOR CONTACT: Amy Lombardi Melody Carey PDI, Inc. Rx Communications Group, LLC (862) 207-7866 (917) 322-2571 Alombardi@pdi-inc.com Mcarey@RxIR.com PDI Reports 2012 First Quarter Financial

More information

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3. FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.00 Fiscal Year 2014 Net Sales Increase 8% to $3.510 Billion;

More information

Media Contact: Mike Conway Director, Corporate Communications Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751 mike.conway@sherwin.

Media Contact: Mike Conway Director, Corporate Communications Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751 mike.conway@sherwin. The Sherwin-Williams Company Reports First Quarter 2012 Financial Results Consolidated net sales increased 15.1% to a record $2.14 billion Diluted net income per common share increased 50.8% to a record

More information

WILLIAMS-SONOMA, INC.

WILLIAMS-SONOMA, INC. WILLIAMS-SONOMA, INC. 3250 Van Ness Avenue San Francisco, CA 94109 CONT: Julie P. Whalen EVP, Chief Financial Officer (415) 616-8524 Gabrielle L. Rabinovitch Vice President, Investor Relations (415) 616-7727

More information

Snap-on Announces Third Quarter 2009 Results

Snap-on Announces Third Quarter 2009 Results Release: IMMEDIATE Snap-on Announces Third Quarter 2009 Results Sales of $581.8 million and EPS of $0.44 for the third quarter of 2009; Financial Services transition on track; Continued strong operating

More information

GAP INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS

GAP INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS GAP INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS Fourth Quarter 2014 Earnings Per Share Grew 10 Percent; Up 20 Percent Excluding Foreign Exchange Impact Fiscal Year 2014 Earnings Per Share

More information

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 For Immediate Release DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 HIGHLIGHTS Q1 2014 First quarter 2014 ( Q1 ) Revenues of 77.9 million, Q1 Gross Profit of 18.8 million and Q1 Net Income of

More information

Second Quarter Highlights

Second Quarter Highlights Kalamazoo, Michigan - July 23, 2015 - Stryker Corporation (NYSE:SYK) reported operating results for the second quarter of 2015: Second Quarter Highlights Raises full year organic sales growth guidance

More information

THIRD QUARTER FINANCIAL RESULTS

THIRD QUARTER FINANCIAL RESULTS Kellogg Company THIRD QUARTER FINANCIAL RESULTS Forward Looking Statements This presentation contains, or incorporates by reference, forward looking statements with projections concerning, among other

More information

Tower International Reports Solid Third Quarter And Raises Full Year Outlook

Tower International Reports Solid Third Quarter And Raises Full Year Outlook FOR IMMEDIATE RELEASE Tower International Reports Solid Third Quarter And Raises Full Year Outlook LIVONIA, Mich., November 3, 2011 Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer

More information

N E W S R E L E A S E

N E W S R E L E A S E N E W S R E L E A S E FOR IMMEDIATE RELEASE Contact: Steven E. Nielsen, President and CEO H. Andrew DeFerrari, Senior Vice President and CFO (561) 627-7171 DYCOM INDUSTRIES, INC. ANNOUNCES FISCAL 2016

More information

Sales increased 15 percent to $4.5 billion Earnings per Share increased 37 percent to $0.96 Operating Cash Flow increased 22 percent to $319 million

Sales increased 15 percent to $4.5 billion Earnings per Share increased 37 percent to $0.96 Operating Cash Flow increased 22 percent to $319 million Contact: Mark Polzin (314) 982-1758 John Hastings (314) 982-8622 EMERSON REPORTS RECORD FIRST-QUARTER 2006 RESULTS Sales increased 15 percent to $4.5 billion Earnings per Share increased 37 percent to

More information

Everi Reports 2015 Third Quarter Revenue of $208.7 Million and Adjusted EBITDA of $51.5 Million

Everi Reports 2015 Third Quarter Revenue of $208.7 Million and Adjusted EBITDA of $51.5 Million NEWS RELEASE Everi Reports 2015 Third Quarter Revenue of $208.7 Million and Adjusted EBITDA of $51.5 Million 11/3/2015 Reiterates Outlook for Fiscal 2015 Adjusted EBITDA of $200 Million - $205 Million

More information

Sapiens results in the first quarter represent a solid start to achieving our financial targets for the full year.

Sapiens results in the first quarter represent a solid start to achieving our financial targets for the full year. Sapiens Reports 12% Year-Over-Year Increase in Quarterly Revenue to $41 Million Non-GAAP Quarterly Operating Profit Increased by 58.5% Year-Over-Year Holon, Israel, May 6, 2015 Sapiens International Corporation,

More information

Transcript of Socket Mobile, Inc. Second Quarter 2015 Management Conference Call July 29, 2015

Transcript of Socket Mobile, Inc. Second Quarter 2015 Management Conference Call July 29, 2015 Transcript of Participants Jim Byers Investor Relations, MKR David Dunlap Chief Financial Officer Analysts Brian Swift Security Research Associates Al Troy Private Investor Presentation Greetings and welcome

More information

W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9

W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 News Release GRAINGER REPORTS RESULTS FOR THE 2015 FIRST QUARTER Revises 2015 Guidance Quarterly Summary Sales of $2.4 billion, up 2 percent Operating

More information

Walmart reports Q1 FY 16 EPS of $1.03

Walmart reports Q1 FY 16 EPS of $1.03 Walmart reports Q FY 6 EPS of.03 Q diluted EPS from continuing operations was.03, within guidance of 0.95 to.0. Currency negatively impacted EPS by approximately 0.03. Walmart U.S..% comp includes positive

More information

Herzogenaurach, Germany, July 27, 2004 PUMA AG announces its consolidated nd

Herzogenaurach, Germany, July 27, 2004 PUMA AG announces its consolidated nd P Quarter P Half-Year For immediate release MEDIA CONTACT: INVESTOR CONTACT: U.S.A.: Lisa Beachy, Tel. +1 617 488 2945 Europe: Ulf Santjer, Tel. +49 9132 81 2489 Dieter Bock, Tel. +49 9132 81 2261 Herzogenaurach,

More information

Quarterly Financial Review

Quarterly Financial Review Quarterly Financial Review Second Quarter 2015 1 DB-2 1-1 Cautionary Statement These slides should be read in conjunction with comments from a conference call held on July 23, 2015. The financial statement

More information

Waste Management Announces Second Quarter Earnings

Waste Management Announces Second Quarter Earnings FOR IMMEDIATE RELEASE Waste Management Announces Second Quarter Earnings Collection and Disposal Income from Operations Grows 3.4% HOUSTON July 26, 2012 Waste Management, Inc. (NYSE: WM) today announced

More information

Management forecasts sales and earnings improvements of between 6% and 8% for 2013 as a whole

Management forecasts sales and earnings improvements of between 6% and 8% for 2013 as a whole Press Release HUGO BOSS Nine Months Results 203 HUGO BOSS increases sales and profitability Accelerating growth momentum in Group s own retail business supports sales expansion in third quarter Rise in

More information

SECOND QUARTER 2014 EARNINGS CONFERENCE CALL SPEAKER NOTES. Tuesday, August 12, 8:00 a.m. Central Time

SECOND QUARTER 2014 EARNINGS CONFERENCE CALL SPEAKER NOTES. Tuesday, August 12, 8:00 a.m. Central Time SECOND QUARTER 2014 EARNINGS CONFERENCE CALL SPEAKER NOTES Tuesday, August 12, 8:00 a.m. Central Time Randy Palmer (Director of Investor Relations) Thank you, Operator. Good morning and thank you for joining

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.

More information

Astronics Corporation Reports 2016 First Quarter Financial Results

Astronics Corporation Reports 2016 First Quarter Financial Results NEWS RELEASE Astronics Corporation 130 Commerce Way East Aurora, NY 14052-2164 For more information, contact: Company: Investor Relations: David C. Burney, Chief Financial Officer Deborah K. Pawlowski,

More information

Financial Information

Financial Information Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash Flow

More information

Quarterly Financial Review

Quarterly Financial Review Quarterly Financial Review Third Quarter 2015 1 DB-2 1-1 Cautionary Statement These slides should be read in conjunction with comments from a conference call held on October 22, 2015. The financial statement

More information

Full year and fourth quarter 2014 results 1

Full year and fourth quarter 2014 results 1 Full year and fourth quarter results 1 Luxembourg, February 12, 2015 Highlights Health and Safety frequency rate 2 of 1.1x in compared to 1.3x in 2013. Shipments of 1,813 thousand tonnes in full year,

More information

Learning Tree International, Inc. Fiscal Year 2015 Third Quarter Conference Call

Learning Tree International, Inc. Fiscal Year 2015 Third Quarter Conference Call Learning Tree International, Inc. Fiscal Year 2015 Third Quarter Conference Call Remarks by Max Shevitz, President, and David Asai, Chief Financial Officer August 11, 2015 Good Afternoon. For your convenience,

More information

Newell Rubbermaid Reports First Quarter 2008 Results

Newell Rubbermaid Reports First Quarter 2008 Results Newell Rubbermaid Reports First Quarter 2008 Results Delivers on First Quarter Financial Guidance, including Sales Growth and Normalized EPS Raises Full Year Sales Outlook to +6 to +8% to Reflect Acquisitions

More information

Conference Call Third Quarter 2003 Financial Results. Jorma Ollila Chairman and CEO

Conference Call Third Quarter 2003 Financial Results. Jorma Ollila Chairman and CEO Conference Call Third Quarter 2003 Financial Results Jorma Ollila Chairman and CEO Olli-Pekka Kallasvuo Executive Vice President and CFO Ulla James Vice President, Investor Relations October 16, 2003 15.00

More information

Monster Worldwide Reports Third Quarter 2015 Results

Monster Worldwide Reports Third Quarter 2015 Results Monster Worldwide Reports Third Quarter 2015 Results Third Quarter Financial Highlights: o Company Exceeds Expectations on All Profitability Metrics For the 5th Consecutive Quarter Adjusted EBITDA Including

More information

DST SYSTEMS, INC. ANNOUNCES THIRD QUARTER 2015 FINANCIAL RESULTS

DST SYSTEMS, INC. ANNOUNCES THIRD QUARTER 2015 FINANCIAL RESULTS ANNOUNCES THIRD QUARTER 2015 FINANCIAL RESULTS KANSAS CITY, MO - October 22, 2015 DST Systems, Inc. (NYSE: DST) reported consolidated net income of $75.1 million ($2.08 per diluted share) for the third

More information

FOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.

FOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1. FOSSIL GROUP, INC. REPORTS THIRD QUARTER RESULTS Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.96 Updates Full Year Guidance and Provides Fourth Quarter Guidance

More information

Q2 2015 Earnings. July 29, 2015

Q2 2015 Earnings. July 29, 2015 Q2 2015 Earnings July 29, 2015 Safe Harbor Statement These materials include projections and other forward-looking statements. These statements are based on the current expectations of Garmin Ltd. and

More information

NEWS RELEASE MFLEX ANNOUNCES THIRD QUARTER 2015 FINANCIAL RESULTS

NEWS RELEASE MFLEX ANNOUNCES THIRD QUARTER 2015 FINANCIAL RESULTS NEWS RELEASE Contact: Stacy Feit Investor Relations Tel: 213-486-6549 Email: investor_relations@mflex.com MFLEX ANNOUNCES THIRD QUARTER 2015 FINANCIAL RESULTS Fifth consecutive quarter of strong profitability

More information

Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com

Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com Axalta Coating Systems 2001 Market Street Suite 3600 Philadelphia, PA 19103 USA Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com For Immediate Release Axalta Releases Second

More information

Quarterly Financial Review

Quarterly Financial Review Quarterly Financial Review Third Quarter 2013 Q3-2013 Quarterly Review 2013 Snap-on Incorporated October 17, 2013 Cautionary Statement These slides should be read in conjunction with comments from a conference

More information

ADP REPORTS FOURTH QUARTER AND FISCAL 2011 RESULTS; PROVIDES FISCAL 2012 GUIDANCE

ADP REPORTS FOURTH QUARTER AND FISCAL 2011 RESULTS; PROVIDES FISCAL 2012 GUIDANCE FOR IMMEDIATE RELEASE ADP REPORTS FOURTH QUARTER AND FISCAL 2011 RESULTS; PROVIDES FISCAL 2012 GUIDANCE For the Year, Revenues Rise 11%, 6% Organic; EPS from Continuing Operations up 6% (excluding certain

More information

The Sherwin-Williams Company Reports 2016 First Quarter Financial Results

The Sherwin-Williams Company Reports 2016 First Quarter Financial Results The Sherwin-Williams Company Reports 2016 First Quarter Financial Results First quarter consolidated net sales increased 5.1% to a record $2.57 billion; Net sales from stores open more than twelve calendar

More information

MATTHEWS INTERNATIONAL REPORTS EARNINGS FOR FISCAL 2016 FIRST QUARTER FIRST QUARTER REVENUES INCREASE TO $354

MATTHEWS INTERNATIONAL REPORTS EARNINGS FOR FISCAL 2016 FIRST QUARTER FIRST QUARTER REVENUES INCREASE TO $354 Matthews International Corporation Corporate Office Two NorthShore Center Pittsburgh, PA 15212-5851 Phone: (412) 442-8200 Fax: (412) 442-8290 Release date: January 28, 2016 PRESS RELEASE Contact: Steven

More information

Staples, Inc. Announces Second Quarter 2015 Performance

Staples, Inc. Announces Second Quarter 2015 Performance Media Contact: Kirk Saville 508-253-8530 Investor Contact: Chris Powers/Kevin Barry 508-253-4632/1487 Staples, Inc. Announces Second Quarter 2015 Performance FRAMINGHAM, Mass., August 19, 2015 Staples,

More information

Assurant Reports 2004 Net Income of $350.6 Million ($2.48 per Pro Forma Share), Net Operating Income of $345.0 Million ($2.44 per Pro Forma Share)

Assurant Reports 2004 Net Income of $350.6 Million ($2.48 per Pro Forma Share), Net Operating Income of $345.0 Million ($2.44 per Pro Forma Share) Press Contact: Investor Relations: Drew Guthrie Melissa Kivett Larry Cains Manager, Communications Vice President Senior Vice President and Media Relations Investor Relations Investor Relations Phone:

More information

650-527-5152 650-527-6273 SYMANTEC REPORTS FIRST QUARTER FISCAL YEAR 2016 RESULTS

650-527-5152 650-527-6273 SYMANTEC REPORTS FIRST QUARTER FISCAL YEAR 2016 RESULTS FOR IMMEDIATE RELEASE MEDIA CONTACT: INVESTOR CONTACT: Kristen Batch Sean Hazlett Symantec Corp. Symantec Corp. 650-527-5152 650-527-6273 kristen_batch@symantec.com sean_hazlett@symantec.com SYMANTEC REPORTS

More information

Strength in Microsoft Cloud Highlights Q3 Results

Strength in Microsoft Cloud Highlights Q3 Results Strength in Microsoft Cloud Highlights Q3 Results Increasing usage of Microsoft Azure, Office 365, Bing and Xbox Live contributes to Q3 growth REDMOND, Wash. April 23, 2015 Microsoft Corp. today announced

More information

N E W S R E L E A S E

N E W S R E L E A S E N E W S R E L E A S E Corporate Headquarters 96 South George Street York, Pennsylvania 17401 U.S.A. www.glatfelter.com For Immediate Release Contacts: Investors: Media: John P. Jacunski William T. Yanavitch

More information

CADENCE DESIGN SYSTEMS, INC. Second Quarter 2015 Financial Results Conference Call

CADENCE DESIGN SYSTEMS, INC. Second Quarter 2015 Financial Results Conference Call Page 1 CADENCE DESIGN SYSTEMS, INC. Second Quarter 2015 Financial Results Conference Call Remarks of Lip-Bu Tan, President and Chief Executive Officer, and Geoff Ribar, Senior Vice President and Chief

More information

Accenture Reports Third-Quarter Fiscal 2015 Results. -- Revenues of $7.8 billion, up 0.4% in U.S. dollars and 10% in local currency --

Accenture Reports Third-Quarter Fiscal 2015 Results. -- Revenues of $7.8 billion, up 0.4% in U.S. dollars and 10% in local currency -- Accenture Reports Third-Quarter Fiscal 2015 Results -- Revenues of $7.8 billion, up 0.4% in U.S. dollars and 10% in local currency -- -- EPS of $1.24 include a $0.06 non-cash pension settlement charge.

More information

Thank you, and welcome to The New York Times Company s fourth-quarter and full-year 2015 earnings conference call.

Thank you, and welcome to The New York Times Company s fourth-quarter and full-year 2015 earnings conference call. The New York Times Company Fourth-Quarter 2015 Earnings Conference Call February 4, 2016 Harlan Toplitzky Thank you, and welcome to The New York Times Company s fourth-quarter and full-year 2015 earnings

More information

irobot First-Quarter 2015 Conference Call Script

irobot First-Quarter 2015 Conference Call Script irobot First-Quarter 2015 Conference Call Script Operator: Good day everyone and welcome to the irobot first-quarter 2015 financial results conference call. This call is being recorded. At this time for

More information

AGILYSYS FISCAL 2016 SECOND QUARTER REVENUE INCREASES 13% TO $29.6 MILLION INCLUSIVE OF 35% YEAR OVER YEAR INCREASE IN SUBSCRIPTION REVENUE

AGILYSYS FISCAL 2016 SECOND QUARTER REVENUE INCREASES 13% TO $29.6 MILLION INCLUSIVE OF 35% YEAR OVER YEAR INCREASE IN SUBSCRIPTION REVENUE AGILYSYS FISCAL 2016 SECOND QUARTER REVENUE INCREASES 13% TO $29.6 MILLION INCLUSIVE OF 35% YEAR OVER YEAR INCREASE IN SUBSCRIPTION REVENUE Revenue in First Half of Fiscal 2016 Improves 14% to $57.1 Million,

More information

WEYCO REPORTS THIRD QUARTER SALES AND EARNINGS

WEYCO REPORTS THIRD QUARTER SALES AND EARNINGS WEYCO REPORTS THIRD QUARTER SALES AND EARNINGS (Milwaukee, Wisconsin---November 4, 2014) Weyco Group, Inc. (NASDAQ:WEYS) (the Company ) today announced financial results for the quarter ended September

More information

CHINA DISTANCE EDUCATION HOLDINGS LIMITED ANNOUNCES FISCAL THIRD QUARTER 2008 RESULTS

CHINA DISTANCE EDUCATION HOLDINGS LIMITED ANNOUNCES FISCAL THIRD QUARTER 2008 RESULTS FOR IMMEDIATE RELEASE CHINA DISTANCE EDUCATION HOLDINGS LIMITED ANNOUNCES FISCAL THIRD QUARTER 2008 RESULTS BEIJING, China, August 18, 2008 China Distance Education Holdings Limited (NYSE Arca: DL) ( CDEL,

More information

Sears Holdings Second Quarter 2015 Results Pre-Recorded Conference Call Transcript August 20, 2015

Sears Holdings Second Quarter 2015 Results Pre-Recorded Conference Call Transcript August 20, 2015 Sears Holdings Second Quarter 2015 Results Pre-Recorded Conference Call Transcript August 20, 2015 Operator: Good day, ladies and gentlemen, and welcome to the Sears Holdings Corp. Q1 2015 earnings conference

More information

Microsoft Cloud Strength Highlights Second Quarter Results

Microsoft Cloud Strength Highlights Second Quarter Results Microsoft Cloud Strength Highlights Second Quarter Results Commercial cloud annualized revenue run rate exceeds $9.4 billion; Windows 10 active on over 200 million devices REDMOND, Wash. January 28, 2016

More information

Microsoft Cloud and Hardware Results Drives Fourth Quarter Performance

Microsoft Cloud and Hardware Results Drives Fourth Quarter Performance Microsoft Cloud and Hardware Results Drives Fourth Quarter Performance Commercial cloud annualized revenue run rate now exceeds $8 billion; Computing and Gaming Hardware, including Xbox and Surface, deliver

More information

Baidu Announces Fourth Quarter and Fiscal Year 2011 Results

Baidu Announces Fourth Quarter and Fiscal Year 2011 Results Baidu Announces Fourth Quarter and Fiscal Year 2011 Results BEIJING, China, February 16, 2012 Baidu, Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced its unaudited

More information

CFO Commentary on Full Year 2015 and Fourth-Quarter Results

CFO Commentary on Full Year 2015 and Fourth-Quarter Results Intel Corporation 2200 Mission College Blvd. Santa Clara, CA 95054-1549 CFO Commentary on Full Year 2015 and Fourth-Quarter Results Summary The fourth quarter was a strong finish to the year with record

More information

Quarterly Financial Review

Quarterly Financial Review Quarterly Financial Review Second Quarter 2016 1 DB-2 1-1 Cautionary Statement These slides should be read in conjunction with comments from a conference call held on July 21, 2016. The financial statement

More information

RR Media Reports Record Full-Year Revenues of $131.2 Million for 2014; Up 8% vs. 2013

RR Media Reports Record Full-Year Revenues of $131.2 Million for 2014; Up 8% vs. 2013 For Immediate Distribution RR Media Reports Record Full-Year Revenues of $131.2 Million for 2014; Up 8% vs. 2013 Company Sees Continued Sequential Improvement in Gross and Operating Margins; Guidance for

More information

*See note 4 to our Summary Financial Information table below concerning our current operational and reporting structure

*See note 4 to our Summary Financial Information table below concerning our current operational and reporting structure INTERIM REPORT 1(39) Nokia Corporation Interim Report for Q1 2014 FINANCIAL AND OPERATING HIGHLIGHTS First quarter 2014 highlights for continuing operations*: Nokia s non-ifrs diluted EPS in Q1 2014 of

More information

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings NEWS RELEASE For Immediate Release November 4, 2015 Investors: Michael D. Neese VP, Investor Relations (804) 287-8126 michael.neese@pfgc.com Media: Joe Vagi Manager, Corporate Communications (804) 484-7737

More information

Cardinal Health, Inc. Earnings Investor/Analyst call August 2, 2016

Cardinal Health, Inc. Earnings Investor/Analyst call August 2, 2016 Q4 FY2016 Cardinal Health, Inc. Earnings Investor/Analyst call August 2, 2016 Copyright 2016, Cardinal Health, Inc. or one of its subsidiaries. All rights reserved Forward-looking statements and GAAP reconciliation

More information

First semester 2014 earnings

First semester 2014 earnings Listen-only live audio webcast available from www.gemalto.com/investors First semester 2014 earnings August 28, 2014 Olivier Piou, CEO Jacques Tierny, CFO Disclaimer This communication does not constitute

More information

IBM REPORTS 2013 FOURTH-QUARTER AND FULL-YEAR RESULTS

IBM REPORTS 2013 FOURTH-QUARTER AND FULL-YEAR RESULTS IBM REPORTS 2013 FOURTH-QUARTER AND FULL-YEAR RESULTS Fourth-Quarter 2013: o Diluted EPS: - GAAP: $5.73, up 12 percent; - Operating (non-gaap): $6.13, up 14 percent; o Net income: - GAAP: $6.2 billion,

More information

RADISYS ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS

RADISYS ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS For more information, contact: Jon Wilson Chief Financial Officer 503-615-1685 jon.wilson@radisys.com NEWS RELEASE RADISYS ANNOUNCES PRELIMINARY FIRST QUARTER RESULTS HILLSBORO, OR - April 14, 2015 - Radisys

More information

EDAC Technologies Reports Strong Sales and Earnings for Fiscal 2011 Third Quarter

EDAC Technologies Reports Strong Sales and Earnings for Fiscal 2011 Third Quarter EDAC Technologies Reports Strong Sales and Earnings for Fiscal 2011 Third Quarter Sales of $21.8 Million are Up 18% from 3Q10 Net Income Reaches $1.0 Million or $0.19 per Diluted Share Income from Operations

More information

(800) 438-0349 (415) 501-3317 LEVI STRAUSS & CO. ANNOUNCES SECOND-QUARTER 2010 FINANCIAL RESULTS

(800) 438-0349 (415) 501-3317 LEVI STRAUSS & CO. ANNOUNCES SECOND-QUARTER 2010 FINANCIAL RESULTS FOR IMMEDIATE RELEASE Investor Contact: Roger Fleischmann Media Contact: Jeff Beckman Levi Strauss & Co. Levi Strauss & Co. (800) 438-0349 (415) 501-3317 rfleischmann@levi.com jbeckman@levi.com LEVI STRAUSS

More information

Good morning and thank you for joining us for our first. With me today are BGC s President, Shaun Lynn, our

Good morning and thank you for joining us for our first. With me today are BGC s President, Shaun Lynn, our HOWARD LUTNICK: Good morning and thank you for joining us for our first quarter 2015 conference call. With me today are BGC s President, Shaun Lynn, our Chief Operating Officer, Sean Windeatt, and our

More information

Repligen Reports Third Quarter 2015 Financial Results

Repligen Reports Third Quarter 2015 Financial Results Repligen Corporation 41 Seyon Street Building #1, Suite 100 Waltham, Massachusetts 02453 Repligen Reports Third Quarter 2015 Financial Results - Product Sales Increase 31% to $19.8 Million - - Conference

More information

Three Months Ended October 31. 2004 2003(a) (millions, except per share amounts) Revenues $ 133.5 $ 104.4. Pre-tax income (loss) 3.6 (26.

Three Months Ended October 31. 2004 2003(a) (millions, except per share amounts) Revenues $ 133.5 $ 104.4. Pre-tax income (loss) 3.6 (26. Veritas DGC Inc. Announces Preliminary First Fiscal Quarter Results HOUSTON--(BUSINESS WIRE)--Dec. 15, 2004--Veritas DGC Inc. (NYSE:VTS) (TSX:VTS) today announced preliminary financial results for its

More information

THIRD QUARTER 2015 RECORD RESULTS REPORTED BY AMPHENOL CORPORATION

THIRD QUARTER 2015 RECORD RESULTS REPORTED BY AMPHENOL CORPORATION Amphenol News Release World Headquarters 358 Hall Avenue P. O. Box 5030 Wallingford, CT 06492-7530 Telephone (203) 265-8900 FOR IMMEDIATE RELEASE For Further Information: Craig A. Lampo Senior Vice President

More information

Walmart reports Q3 FY 16 EPS of $1.03, Walmart U.S. added $2.7 billion in sales, comp sales of 1.5%

Walmart reports Q3 FY 16 EPS of $1.03, Walmart U.S. added $2.7 billion in sales, comp sales of 1.5% Walmart reports Q3 FY 6 EPS of.03, Walmart U.S. added 2.7 billion in sales, comp sales of.5% Q3 diluted EPS from continuing operations was.03, benefited by approximately 0.04 from an adjustment for certain

More information

COTT ANNOUNCES FIRST QUARTER 2012 RESULTS AND SHARE REPURCHASE PROGRAM FOR UP TO $35 MILLION IN COMMON SHARES

COTT ANNOUNCES FIRST QUARTER 2012 RESULTS AND SHARE REPURCHASE PROGRAM FOR UP TO $35 MILLION IN COMMON SHARES CONTACT: Michael C. Massi Investor Relations Tel: (813) 313-1786 Investor.relations@cott.com COTT ANNOUNCES FIRST QUARTER 2012 RESULTS AND SHARE REPURCHASE PROGRAM FOR UP TO $35 MILLION IN COMMON SHARES

More information

HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results

HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results HP Inc. 1501 Page Mill Road Palo Alto, CA 94304 hp.com News Release HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results Editorial contacts HP Inc. Media Relations MediaRelations@hp.com

More information

ANNUAL MEETING ADDRESS. Remarks STEVE RODER SENIOR EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER. at the ANNUAL MEETING OF SHAREHOLDERS

ANNUAL MEETING ADDRESS. Remarks STEVE RODER SENIOR EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER. at the ANNUAL MEETING OF SHAREHOLDERS ANNUAL MEETING ADDRESS Remarks STEVE RODER SENIOR EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER at the ANNUAL MEETING OF SHAREHOLDERS Thursday, May 5, 2016 200 Bloor Street East Toronto As Delivered

More information

IBM REPORTS 2014 FOURTH-QUARTER AND FULL-YEAR RESULTS

IBM REPORTS 2014 FOURTH-QUARTER AND FULL-YEAR RESULTS IBM REPORTS 2014 FOURTH-QUARTER AND FULL-YEAR RESULTS Fourth-Quarter 2014: o Diluted EPS from continuing operations: - GAAP: $5.54, down 4 percent; - Operating (non-gaap): $5.81, down 6 percent; o Pre-tax

More information

ACADIAN TIMBER CORP. REPORTS FOURTH QUARTER AND YEAR-END RESULTS

ACADIAN TIMBER CORP. REPORTS FOURTH QUARTER AND YEAR-END RESULTS News Release Investors, analysts and other interested parties can access Acadian Timber Corp. s 2015 Fourth Quarter Results conference call via webcast on Thursday, February 11, 2016 at 1:00 p.m. ET at

More information

Silicon Motion Announces Results for the Period Ended December 31, 2015

Silicon Motion Announces Results for the Period Ended December 31, 2015 Silicon Motion Announces Results for the Period Ended December 31, 2015 NEWS RELEASE Financial Highlights Net sales increased 3% quarter-over-quarter to US$98.0 million from US$95.4 million in 3Q15 Gross

More information

With me today are BGC s President, Shaun Lynn, our. 327 million dollars in the third quarter of 2010. Pre-tax

With me today are BGC s President, Shaun Lynn, our. 327 million dollars in the third quarter of 2010. Pre-tax HOWARD LUTNICK: 3Q2010 Conference Call Prepared Remarks Good morning and thank you for joining us for our third quarter conference call. With me today are BGC s President, Shaun Lynn, our Chief Operating

More information

ABB Q3: Solid performance across the business

ABB Q3: Solid performance across the business ABB Q3: Solid performance across the business Revenues 1 and operational EBITDA 2 higher in all divisions, net income up 10 percent Base orders 3 return to year-on-year growth, large project awards remain

More information

Staples, Inc. Announces First Quarter 2016 Performance

Staples, Inc. Announces First Quarter 2016 Performance Media Contact: Mark Cautela 508-253-3832 Investor Contact: Chris Powers/Scott Tilghman 508-253-4632/1487 Staples, Inc. Announces First Quarter 2016 Performance FRAMINGHAM, Mass., May 18, 2016 Staples,

More information

LANCASTER COLONY REPORTS SECOND QUARTER SALES AND EARNINGS

LANCASTER COLONY REPORTS SECOND QUARTER SALES AND EARNINGS FOR IMMEDIATE RELEASE January 28, 2016 SYMBOL: LANC TRADED: Nasdaq LANCASTER COLONY REPORTS SECOND QUARTER SALES AND EARNINGS COLUMBUS, Ohio, January 28 - Lancaster Colony Corporation (Nasdaq: LANC) today

More information

WuXi PharmaTech Announces Second-Quarter 2014 Results

WuXi PharmaTech Announces Second-Quarter 2014 Results WuXi PharmaTech Announces Second-Quarter 2014 Results SHANGHAI, August 13, 2014 /Xinhua-PRNewswire/ -- WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading research and development services company serving

More information

AMERISAFE INC FORM 8-K. (Current report filing) Filed 04/29/15 for the Period Ending 04/29/15

AMERISAFE INC FORM 8-K. (Current report filing) Filed 04/29/15 for the Period Ending 04/29/15 AMERISAFE INC FORM 8-K (Current report filing) Filed 04/29/15 for the Period Ending 04/29/15 Address 2301 HIGHWAY 190 WEST DERIDDER, LA 70634 Telephone 337-463-9052 CIK 0001018979 Symbol AMSF SIC Code

More information

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935

Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE

More information

Nokia Conference Call Third Quarter 2004 Financial Results. Jorma Ollila Chairman and CEO Rick Simonson Senior Vice President and CFO

Nokia Conference Call Third Quarter 2004 Financial Results. Jorma Ollila Chairman and CEO Rick Simonson Senior Vice President and CFO Nokia Conference Call Third Quarter 2004 Financial Results Jorma Ollila Chairman and CEO Rick Simonson Senior Vice President and CFO Ulla James Vice President, Investor Relations October 14, 2004 15.00

More information

Fourth Quarter Earnings Conference Call

Fourth Quarter Earnings Conference Call Fourth Quarter Earnings Conference Call Larry Merlo President & Chief Executive Officer Dave Denton Executive Vice President & Chief Financial Officer February 10, 2015 Forward-looking Statements During

More information