Rogers Corporation Q Earnings Call February 21, 2016

Size: px
Start display at page:

Download "Rogers Corporation Q Earnings Call February 21, 2016"

Transcription

1 Rogers Corporation Q Earnings Call February 21, 2016

2 Forward-looking statements Safe Harbor Statement This presentation contains forward-looking statements, which may concern our plans, objectives, outlook, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, future restructuring, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, which could cause actual results to differ materially from the results discussed in the forward -looking statements. Risks that could cause such results to differ include: failure to capitalize on, and volatility within, the Company's growth drivers, including internet connectivity, clean energy, and safety and protection, as well as specific market and industry trends within these growth drivers; business, economic and political conditions in the United States and abroad, particularly in China, South Korea, Germany, Hungary and Belgium, where we maintain significant manufacturing, sales or administrative operations; fluctuations in foreign currency exchange rates; research and development efforts; competitive developments; business development transactions and related integration considerations; the outcome of ongoing and future litigation, including our asbestos-related product liability litigation; and changes in laws and regulations applicable to our business. For additional information about the risks, uncertainties and other factors that may affect our business, please see our most recent annual report on Form 10-K and any subsequent quarterly reports on Forms 10-Q filed with the Securities and Exchange Commission. Rogers Corporation assumes no responsibility to update any forward-looking statements contained herein except as required by law. Non-GAAP Information This presentation includes the following financial measures that are not presented in accordance with generally accepted accounting principles in the United States of America ( GAAP ): (1) Adjusted net sales growth, which the Company defines as net sales growth excluding the impacts from changing currency exchange rates and non-core asset divestitures. (2) Adjusted earnings per diluted share, which the Company defines as earnings per diluted share excluding acquisition-related amortization of intangible assets and discrete items, such as restructuring expenses, certain costs associated with acquisitions, and gains or losses on asset or b usiness dispositions (collectively, Discrete Items ) (3) Adjusted operating income, which the Company defines as operating income excluding acquisition-related amortization of intangible assets and Discrete Items; (4) Adjusted operating margin, which the Company defines as operating margin excluding acquisition-related amortization of intangible assets and Discrete Items; (5) Adjusted EBITDA, which the company defines as net income excluding interest expense, income tax expense, depreciation and amortization, and Discrete Items; (6) Adjusted EBITDA margin, which the Company defines as net income margin excluding interest expense, income tax expense, depreciation and amortization, and Discrete Items; and Management believes each of these measures is useful to investors because they allow for comparison to the Company s performance in prior periods without the effect of items that, by their nature, tend to obscure the Company s core operating results due to the potential variability across periods based on the timing, frequency and magnitude. As a result, management believes that adjusted net sales, adjusted earnings per diluted share, adjusted EBITDA, adjusted operating income, adjusted operating margin and adjusted EBITDA margin enhance the ability of investors to analyze trends in the Company s business and evaluate the Company s performance relative to peer companies. However, non-gaap financial measures have limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP. In addition, these non-gaap financial measures may differ from similarly named measures used by other companies. Reconciliations of the differences between these non-gaap financial measures and their most directly comparable financial measures calculated in accordance with GAAP are set forth at the end of this document. 2

3 Introductions Bruce Hoechner President & Chief Executive Officer Janice Stipp Vice President, Finance & Chief Financial Officer Bob Daigle Senior Vice President & Chief Technology Officer 3

4 Key accomplishments Sales of $173 million, growth of 13.1%, adjusted growth of 17.2% * Q Gross margin of 38.6% (+420 basis points) Adjusted operating margin * of 14.8% (+210 basis points) Adjusted EPS * of $0.94 (+17.5%) Successfully completed acquisition of DeWAL Sales of $656 million, growth of 2.3%, adjusted growth of 6.4% * FY 2016 Gross margin of 38.0% (+130 basis points) Adjusted operating margin * of 15.2%, Adjusted EPS * of $3.72 (+6.9%) Executed strategic imperatives, redeployed foreign cash, and DeWAL Solid Q4 and full year 2016 results *See reconciliations to adjusted metrics in the appendix, including reported sales growth to adjusted sales growth, operating margin to adjusted operating margin, and earnings per diluted share to adjusted earnings per diluted share. 4

5 Rogers strategic roadmap Strategic intent Build and optimize businesses for profitable growth and scale through innovation and acquisitions leveraging our competencies For markets that demand performance, Rogers applies technical problem solving and engineering capabilities to identify, develop and deliver highly-engineered materials and solutions Financial enabled by four pillars Market-driven organization Innovation leadership Synergistic M&A Operational excellence Commercial to deliver our goals Top quartile operating profit growth and power, protect, connect our world 5

6 Strategic track record Sales $499 $538 $611 $641 $ Organic growth through innovation Synergistic M&A Slowly recovering global GDP Adjusted operating margin * 10.0% 12.6% 15.6% 15.4% 15.2% Significant margin expansion Consistently strong margins Strategic R&D Free cash flow ** $17 $60 $56 $49 $99 Strong operating cash flow Disciplined capital allocation Investing in strategy and growth Strategic roadmap delivering value *See reconciliation in the appendix, of adjusted operating margin to operating margin. Adjusted operating margin excludes amortization and Discrete items. **Free cash flow calculated by subtracting GAAP capital expenditures from GAAP net cash provided by operating activities of continuing operations. See appendix for calculation. 6

7 Market driven innovation Providing enabling solutions for: ADVANCED MOBILITY TODAY s Growth Applications HEV Power Modules EV Batteries Vehicle Electrification Advanced Driver Assistance Systems A History of Enabling Innovation For Today s and Tomorrow s Solutions ADVANCED CONNECTIVITY 4G/LTE Power Amplifiers Multiband Antennas Mobile Internet Devices TOMORROW s Emerging Market Opportunities Autonomous Vehicles Vehicle-to-Vehicle Communications 4.5G & 5G Wireless Infrastructure Internet of Things (IoT) 7

8 Advanced Connectivity Solutions (ACS) Highlights 12% Q4 sales growth year over year driven by ADAS, aerospace / defense, and 4G/LTE base stations Launched several new innovative products Improved inventory management Strategy Continue to leverage innovation to capitalize on market strength in key areas: - Wireless infrastructure - Automotive safety - Wired internet Focusing on innovative technologies for growth markets 8

9 Elastomeric Material Solutions (EMS) Highlights 33% Q4 sales growth year over year driven by recently acquired DeWAL Industries, portable electronics, automotive and general industrial applications Completed DeWAL acquisition Strategy Revitalizing organic growth by expanding internationally and developing new applications in portable electronics and automotive Broaden portfolio of materials and growth applications through acquisitions Focusing on organic expansion and growth through M&A 9

10 Power Electronics Solutions (PES) Highlights 6% Q4 sales growth versus last year driven by electric and hybrid electric vehicles, variable frequency motor drives, and certain renewable energy applications Cost transformation (i.e. Hungary facility) Expanded innovation pipeline Strategy Deliver e-mobility solutions to increase penetration and content Execute on operational excellence initiatives to increase profitability and expand margins Focusing on e-mobility and operational excellence 10

11 Market outlook Favorable Neutral Unfavorable Internet connectivity Global macro environment Currency exchange rates Clean energy and increased safety Inflation Interest rates Corporate tax policy Competitive intensity Commodity prices Business confidence Geopolitical tensions Managing through an uncertain global picture with a mix of favorable and unfavorable drivers 11

12 Summary Delivered solid 2016 results Sustainable and strong financial performance Well positioned to capitalize on major technology trends Completed DeWAL acquisition Solid strategic execution Strategic focus for 2017 Capitalizing on global growth markets Innovating for advanced mobility and advanced connectivity Integrating DeWAL and Diversified Silicone Products Continuing operational excellence Rogers enters 2017 positioned for continued growth and strong profitability 12

13 Financial Overview Janice Stipp, VP Finance and Chief Financial Officer 13

14 Q summary results ($ in millions, except EPS) Q Q Variance Net Sales $173.0 $152.9 $20.1 Growth % 13.1% Operating Income $17.8 $12.3 $5.5 Operating Margin % 10.3% 8.0% 230bps Adjusted Operating Income * $25.7 $19.4 $6.3 Adjusted Operating Margin % * 14.8% 12.7% 210bps Net Income $11.9 $6.6 $5.3 Net Income % of Net Sales 6.9% 4.3% 260bps 2 Adjusted EBITDA ** $32.7 $26.3 $6.4 Adjusted EBITDA margin ** 18.9% 17.2% 170bps EPS $0.65 $0.37 $0.28 Adjusted EPS * $0.94 $0.80 $0.14 Strong finish to 2016 *See reconciliations in the appendix; adjusted operating income to operating income, adjusted operating margin to operating margin, and adjusted earnings per diluted share to diluted earnings per share, which exclude amortization and Discrete Items. **See reconciliation of adjusted EBITDA to net income in the appendix. 14

15 Q revenue bridge ($ in millions) 17.2% -1.4% -2.6% $2.2 $ % $26.3 $173.0 $152.9 Q Revenue Volume & Other Currency Divestiture Q Revenue Revenue growth accelerates to double digits 15

16 Q adjusted operating income * bridge ($ in millions) +55.1% $ % $ % $ % $0.4 $19.4 $25.7 Q Adj. Op. Income* Volume & Other Performance SG&A R&D Q Adj. Op. Income* Adjusted operating margins * increase to 14.8% *See reconciliations in the appendix; adjusted operating income to operating income, and adjusted operating margin to operating margin, which exclude amortization and Discrete Items. 16

17 Q adjusted EBITDA * bridge ($ in millions) +18.6% -29.3% +40.7% $10.7 $4.9 $ % $ % $1.1 $32.7 $26.3 Q Adj. EBITDA* Volume & Other Performance SG&A R&D Misc. Inc/Exp Q Adj. EBITDA* Adjusted EBITDA margins * increase to 18.9% *See reconciliations in the appendix; adjusted EBITDA to net income excluding tax expense, interest, depreciation, amortization and Discrete Items, and Adjusted EBITDA margin to net income margin excluding tax expense, interest, depreciation, amortization and Discrete Items. 17

18 Q adjusted EPS * bridge +22.5% -42.5% +56.3% $0.45 $0.18 $ % -15.0% $0.02 $ % +17.5% $0.01 $0.80 $0.94 Q Adj. EPS* Volume & Other Performance SG&A R&D Misc.Inc/Exp Share Dilution Q Adj. EPS* Strong double digit adjusted EPS * growth *Reconciliation of adjusted earnings per diluted share to earnings per diluted share in the appendix. Adjusted earnings per diluted share excludes the impact of amortization and Discrete Items. 18

19 Q segment revenue ($ in millions) Q Change ACS 12.4% EMS 33.3% PES 6.3% Consolidated 13.1% $63.8 $71.7 $56.7 $42.5 $36.7 $39.0 ACS EMS PES Q Q Solid Q4 revenue growth across all core business segments Note table above excludes the Other segment, which is included in Rogers consolidated results. 19

20 Q segment adjusted operating income * ($ in millions) Segment adjusted operating margin* Q Q ACS 17.7% 14.9% EMS 12.7% 18.9% PES 3.3% 6.4% Consolidated 12.7% 14.8% $11.3 $10.7 $10.7 $5.4 $1.2 $2.5 ACS EMS PES Q Q Underlying profitability improves across Rogers businesses *See reconciliations of adjusted operating income and adjusted operating income margin by segment in the appendix. Adjusted operating income and adjusted operating income margin exclude amortization and Discrete Items. Note table above excludes the Other segment, which is included in Rogers consolidated results. 20

21 2016 summary results ($ in millions, except EPS) Variance Net Sales $656.3 $641.4 $14.9 Growth % 2.3% Operating Income $83.9 $76.3 $7.6 Operating Margin % 12.8% 11.9% 90bps Adjusted Operating Income* $99.7 $98.4 $1.3 Adjusted Operating Margin %* 15.2% 15.4% (20bps) Net Income $48.3 $46.3 $2.0 Net Income as a Percent of Net Sales 7.4% 7.2% 20bps Adjusted EBITDA** $130.1 $123.2 $6.9 Adjusted EBITDA %** 19.8% 19.2% 60bps EPS $2.65 $2.48 $0.17 Adjusted EPS* $3.72 $3.48 $0.24 By almost any metric, 2016 was a successful year *See reconciliations in the appendix; adjusted operating income to operating income, adjusted operating margin to operating margin, and adjusted earnings per diluted share to diluted earnings per share, which exclude amortization and Discrete Items. **See reconciliation of adjusted EBITDA to net income in the appendix. 21

22 Initiatives for operational excellence Footprint Optimizing utilization 38% 38% Q4 16 = 38.6% 40% Process Improving productivity and yield 37% Cost structure Increasing flexibility and repurposing underutilized assets 35% Back office Increase utilization of shared services Target Operational excellence drives continued margin expansion 22

23 2016 cash utilization ($ in millions) $62.2 $18.2 $0.7 $133.9 Net cash provided by operating activities Net cash used in investing activities Net cash provided by financing activities $117.0M $151.8M $57.9M $130.1 $24.0 $18.1 $396.9 $415.1 $8.0 $3.9 $204.6 $281.9 $257.9 $239.8 $231.8 $227.9 $ /31/2015 Cash Adj. EBITDA* Debt Working Capital Other Acquisition, net Cash taxes paid Capex Share repurchase Interest, net 12/31/2016 Strong cash generation finances strategic priorities 23

24 Capital allocation Historical deployment * Debt Repayment ~ 46% Capital spending Revenue growth Footprint optimization Process improvements Capital Expenditures ~ 26% Share repurchases Return cash to shareholders Increase EPS Reward investors Stock Repurchase ~ 17% Net Acquisitions ~ 11% Synergistic M&A Enhance growth platform Increase market leadership Deliver more significant value Capital allocation flexibility remains focused on long-term shareholder value creation *Historical capital deployment from

25 Amended and restated credit agreement Increased borrowing capacity to $450M Deal highlights Enhanced expansion feature up to an additional $175M Extended maturity through 2022 Eliminated term loan component & required principle repayments Increased liquidity profile by $225M Rationale Improved covenant flexibility Aligned access to capital with strategic roadmap Strengthen long-term bank partnerships with new 5-year term Amended and restated credit agreement provides financial flexibility 25

26 Q guidance ($ in millions, except EPS) Net sales $185M - $195M EPS $ $0.91 Adjusted EPS* $ $1.19 *See reconciliation of adjusted earnings per diluted share to earnings per diluted share in the appendix. Adjusted earnings per diluted share excludes amortization and Discrete Items. 26

27 Q&A 27

28 Appendix 28

29 Adjusted sales growth reconciliation ($ in millions) Q4-16 (%) FY-16 (%) Net sales growth 13.1% 2.3% Currency exchange rate fluctuations 1.4% 1.2% Divested non-core assets 2.7% 2.9% Adjusted net sales growth 17.2% 6.4% 29

30 adjusted operating margin ($ in millions) FY-16 FY-15 FY-14 FY-13 FY-12 Operating margin 12.8% 11.9% 13.3% 9.2% 5.1% Environmental accrual adjustment (0.1%) 0.5% - - Pension curtailment & settlement charges % 0.3% 0.4% Restructuring, severance and other related costs 0.2% 0.3% - 0.9% 1.3% Manufacturing site optimization % Purchase accounting inventory adjustment 0.1% 0.2% - - Asbestos % Acquisition related costs 0.6% - 0.4% - - Integration costs - 0.8% Relocation charges Curamik s final inspection operation % - Impairment charge on investment % - Other special charges % 0.2% Operating margin plus Discrete Items 13.6% 13.7% 14.6% 11.5% 9.1% Acquisition intangible amortization 1.6% 1.7% 1.0% 1.1% 0.9% Adjusted operating margin 15.2% 15.4% 15.6% 12.6% 10.0% 30

31 free cash flow ($ in millions) FY-16 FY-15 FY-14 FY-13 FY-12 Operating cash flow from continuing operations $117.0 $73.9 $85.2 $77.2 $40.4 Less capital expenditures $18.1 $24.8 $28.8 $16.9 $23.8 Free cash flow $98.9 $49.1 $56.4 $60.3 $

32 Q adjusted operating income and operating margin reconciliation ($ in millions) Q4-16 (%) Q4-16 ($) Q4-15 (%) Q4-15 ($) Operating margin & operating income 10.3% $ % $12.3 Environmental accrual adjustment % $3.2 Restructuring, severance and other related costs 0.3% $ % $1.0 Purchase accounting inventory adjustment 0.5% $ Acquisition related costs 2.0% $ Operating margin & operating income, adjusted for Discrete Items 13.1% $ % $16.5 Acquisition intangible amortization 1.7% $ % $2.9 Adjusted operating margin & operating income 14.8% $ % $

33 Q adjusted EBITDA reconciliation ($ in millions) Q4-16 ($) Q4-16 (%) Q4-15 ($) Q4-15 (%) Net Income $ % $ % Interest, net $ % $ % Income tax expense (benefit) $ % ($1.7) (1.1)% Depreciation $ % $ % Intangible amortization $ % $ % Tax item (OIOC) - - $ % Environmental accrual - - $ % Restructuring severance and other related charges $ % $ % Purchase accounting inventory adjustment $ % - - Acquisition related costs $ % - - Loss on sale of non-core assets - - $ % Adjusted EBITDA $ % $ % 33

34 Q adjusted EPS reconciliation ($ in millions) Q4-16 ($) Q4-15 ($) Earnings per diluted share $0.65 $0.37 Restructuring, severance and other related costs $0.02 $0.04 Acquisition related costs $ Tax discrete items - - Environmental accrual adjustment - $0.11 Purchase accounting inventory adjustment $ Loss on sales of non-core assets - $0.17 Total Discrete Items $0.17 $0.32 Earnings per diluted share, adjusted for Discrete Items $0.82 $0.69 Acquisition intangible amortization $0.12 $0.11 Adjusted earnings per diluted share $0.94 $

35 Q ACS adjusted operating income and operating margin reconciliation ($ in millions) Q4-16 (%) Q4-16 ($) Q4-15 (%) Q4-15 ($) Operating margin & operating income (ACS) 13.4% $ % $8.2 Environmental accrual adjustment % $1.3 Restructuring severance & other related costs 0.4% $ % $0.4 Purchase accounting inventory adjustment Acquisition related costs Operating margin & operating income, adjusted for Discrete Items 0.4% $ % $1.7 Acquisition intangible amortization 1.1% $ % $1.4 Adjusted operating margin & operating income 14.9% $ % $

36 Q EMS adjusted operating income and operating margin reconciliation ($ in millions) Q4-16 (%) Q4-16 ($) Q4-15 (%) Q4-15 ($) Operating margin & operating income (EMS) 8.8% $ % $3.2 Environmental accrual adjustment % $0.8 Restructuring severance & other related costs 0.2% $ % $0.3 Purchase accounting inventory adjustment 1.6% $ Acquisition related costs 6.0% $ Operating margin & operating income, adjusted for Discrete Items 7.8% $ % $1.1 Acquisition intangible amortization 2.3% $ % $1.1 Adjusted operating margin & operating income 18.9% $ % $5.4 36

37 Q PES adjusted operating income and operating margin reconciliation ($ in millions) Q4-16 (%) Q4-16 ($) Q4-15 (%) Q4-15 ($) Operating margin & operating income (PES) 3.7% $1.4 (1.6)% ($0.6) Environmental accrual adjustment % $1.1 Restructuring severance & other related costs 0.3% $ % $0.3 Purchase accounting inventory adjustment Acquisition related costs Operating margin & operating income, adjusted for Discrete Items 0.3% $ % $1.4 Acquisition intangible amortization 2.4% $ % $0.4 Adjusted operating margin & operating income 6.4% $ % $1.2 37

38 FY 2016 adjusted operating income and operating margin reconciliation ($ in millions) FY-16 (%) FY-16 ($) FY-15 (%) FY-15 ($) Operating margin & operating income 12.8% $ % $76.3 Environmental accrual adjustment (0.1%) ($0.9) 0.5% $3.2 Restructuring, severance and other related costs 0.2% $ % $1.6 Purchase accounting inventory adjustment 0.1% $ % $1.6 Acquisition related costs 0.6% $ % $4.8 Operating margin & operating income, adjusted for Discrete Items 13.6% $ % $87.5 Acquisition intangible amortization 1.6% $ % $10.9 Adjusted operating margin & operating income 15.2% $ % $

39 FY 2016 adjusted EBITDA reconciliation ($ in millions) FY-16 ($) FY-16 (%) FY-15 ($) FY-15 (%) Net Income $ % $ % Interest, net $ % $ % Income tax expense (benefit) $ % $ % Depreciation $ % $ % Intangible amortization $ % $ % Tax item (OIOC) $ % $ % Environmental accrual ($0.9) (0.1%) $ % Restructuring, severance and other related costs $ % $ % Purchase accounting inventory adjustment $ % $ % Acquisition related costs $ % $ % Loss on sale of non-core assets $ % $ % Adjusted EBITDA $ % $ % 39

40 FY 2016 adjusted EPS reconciliation ($ in millions) FY-16 ($) FY-15 ($) Earnings per diluted share $2.65 $2.48 Restructuring, severance and other related costs $0.04 $0.06 Acquisition related costs $0.13 $0.18 Tax discrete items $0.49 $0.03 Environmental charge ($0.03) $0.11 Purchase accounting inventory adjustment $0.03 $0.06 Loss on the sale of non-core assets $0.01 $0.16 Total Discrete Items $0.67 $0.60 Earnings per diluted share, adjusted for Discrete Items $3.32 $3.08 Acquisition intangible amortization $0.40 $0.40 Adjusted earnings per diluted share $3.72 $

41 Q guidance reconciliation Q1-17 ($) Guidance Q1-17 earnings per diluted share $0.81- $0.71 Add back adjustments: Restructuring/other expenses $0.14 Acquisition intangible amortization $0.14 Guidance Q1-17 adjusted earnings per diluted share $ $

42 42

Sanford C. Bernstein Strategic Decisions Conference. May 2014. Tom Lynch Chairman and Chief Executive Officer

Sanford C. Bernstein Strategic Decisions Conference. May 2014. Tom Lynch Chairman and Chief Executive Officer Sanford C. Bernstein Strategic Decisions Conference May 2014 Tom Lynch Chairman and Chief Executive Officer FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES Forward-Looking Statements -- This presentation

More information

2012 Southwest IDEAS Investor Conference

2012 Southwest IDEAS Investor Conference 2012 Southwest IDEAS Investor Conference November 14, 2012 This presentation contains statements which constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform

More information

How To Understand How Well-Run A Company Like Aerocean Does Well

How To Understand How Well-Run A Company Like Aerocean Does Well 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

Driving Shareholder Value

Driving Shareholder Value Driving Shareholder Value Business Model and Capital Allocation Strategy Wolfgang Nickl CFO, Western Digital September 13, 2012 SAFE HARBOR Forward-Looking Statements This presentation contains forward-looking

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

1Q 2016 Highlights Total volume (kmt) Adjusted EBITDA (EUR/Millions) Adjusted EPS (EUR) 1Q16 1Q15 Y-o-Y Comparison 277.8 252.9 9.9% 54.0 53.9 0.1% 0.28 0.33-15.2% Strong volume gains from both Specialty

More information

Fourth Quarter 2015 Earnings Release February 3, 2016

Fourth Quarter 2015 Earnings Release February 3, 2016 Fourth Quarter 2015 Earnings Release February 3, 2016 Alexander M. Cutler Forward-looking Statements and Non-GAAP Financial Information This presentation or the comments we make on our call today contain

More information

ITW Conference Call Third Quarter 2013

ITW Conference Call Third Quarter 2013 ITW Conference Call Third Quarter 2013 October 22, 2013 SOLID GROWTH. STRONG RETURNS. BEST-IN-CLASS OPERATOR. Forward-Looking Statements Safe Harbor Statement This conference call contains forward-looking

More information

HILLENBRAND A GLOBAL DIVERSIFIED INDUSTRIAL COMPANY

HILLENBRAND A GLOBAL DIVERSIFIED INDUSTRIAL COMPANY HILLENBRAND A GLOBAL DIVERSIFIED INDUSTRIAL COMPANY PURSUING GROWTH BUILDING VALUE Hillenbrand Participants Joe Raver President and Chief Executive Officer Kristina Cerniglia Senior Vice President and

More information

Regal Beloit Corporation Third Quarter 2014 Earnings Conference Call

Regal Beloit Corporation Third Quarter 2014 Earnings Conference Call Regal Beloit Corporation Third Quarter 2014 Earnings Conference Call November 4, 2014 Mark Gliebe Chairman and Chief Executive Officer Jon Schlemmer Chief Operating Officer Chuck Hinrichs Vice President

More information

Financial Translation. Pierre Courduroux Senior Vice President and Chief Financial Officer

Financial Translation. Pierre Courduroux Senior Vice President and Chief Financial Officer Financial Translation Pierre Courduroux Senior Vice President and Chief Financial Officer Forward-Looking Statements Certain statements contained in this presentation are forward-looking statements, such

More information

INFORMATION SERVICES GROUP ANNOUNCES SECOND QUARTER FINANCIAL RESULTS

INFORMATION SERVICES GROUP ANNOUNCES SECOND QUARTER FINANCIAL RESULTS Press Contact: Barry Holt 203-517-3110 bholt@informationsg.com Investor Contact: David Berger 203-517-3104 dberger@informationsg.com INFORMATION SERVICES GROUP ANNOUNCES SECOND QUARTER FINANCIAL RESULTS

More information

Belden. Leading the Way to an Interconnected World. August 2015. 2015 Belden Inc. belden.com @BeldenInc

Belden. Leading the Way to an Interconnected World. August 2015. 2015 Belden Inc. belden.com @BeldenInc Belden Leading the Way to an Interconnected World August 2015 2015 Belden Inc. belden.com @BeldenInc Belden s Business Transformation Portfolio Expansion Market and Geographic Footprint Talent/ Leadership

More information

A X A L T A C O A T I N G S Y S T E M S. Q1 2016 FINANCIAL RESULTS April 28, 2016

A X A L T A C O A T I N G S Y S T E M S. Q1 2016 FINANCIAL RESULTS April 28, 2016 A X A L T A C O A T I N G S Y S T E M S Q1 2016 FINANCIAL RESULTS April 28, 2016 Legal Notices Forward-Looking Statements This presentation and the oral remarks made in connection herewith may contain

More information

Mitel Q3 2015 Earnings Call Presentation. November 5, 2015

Mitel Q3 2015 Earnings Call Presentation. November 5, 2015 Mitel Q3 2015 Earnings Call Presentation November 5, 2015 Safe Harbor Statement Forward Looking Statements This presentation contains projections and other forward-looking statements regarding future events

More information

IBM REPORTS 2015 FOURTH-QUARTER AND FULL-YEAR RESULTS

IBM REPORTS 2015 FOURTH-QUARTER AND FULL-YEAR RESULTS IBM REPORTS 2015 FOURTH-QUARTER AND FULL-YEAR RESULTS Fourth-Quarter 2015: o Diluted EPS from continuing operations: - Operating (non-gaap): $4.84, down 17 percent; impact of 20 points from prior year

More information

Regal Beloit Corporation Second Quarter 2014 Earnings Conference Call

Regal Beloit Corporation Second Quarter 2014 Earnings Conference Call Regal Beloit Corporation Second Quarter 2014 Earnings Conference Call July 30, 2014 Mark Gliebe Chairman and Chief Executive Officer Jon Schlemmer Chief Operating Officer Chuck Hinrichs Vice President

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

Delphi Reports Third Quarter 2015 Financial Results

Delphi Reports Third Quarter 2015 Financial Results Delphi Reports Third Quarter 2015 Financial Results GILLINGHAM, England - Delphi Automotive PLC (NYSE: DLPH), a leading global vehicle components manufacturer, today reported third quarter 2015 U.S. GAAP

More information

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts)

CORNING INCORPORATED AND SUBSIDIARY COMPANIES CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited; in millions, except per share amounts) Three months ended March 31, 2006 2005 As Restated Net sales $ 1,262 $ 1,050 Cost of sales 689 621 Gross margin

More information

Hewlett Packard Securities Analyst Meeting 2015. #hpesam2015

Hewlett Packard Securities Analyst Meeting 2015. #hpesam2015 Hewlett Packard Securities Analyst Meeting 2015 #hpesam2015 1 Financial Review Tim Stonesifer Executive Vice President and Chief Financial Officer 2 Hewlett Packard Enterprise is an attractive investment

More information

Belden. Leading the Way to an Interconnected World. December 2015. 2015 Belden Inc. belden.com @BeldenInc

Belden. Leading the Way to an Interconnected World. December 2015. 2015 Belden Inc. belden.com @BeldenInc Belden Leading the Way to an Interconnected World December 2015 2015 Belden Inc. belden.com @BeldenInc Leading The Way to an Interconnected World Delivering highly-engineered signal transmission solutions

More information

IBM REPORTS 2016 SECOND-QUARTER EARNINGS Continued Strong Growth in Strategic Imperatives Led by IBM Cloud

IBM REPORTS 2016 SECOND-QUARTER EARNINGS Continued Strong Growth in Strategic Imperatives Led by IBM Cloud IBM REPORTS 2016 SECOND-QUARTER EARNINGS Continued Strong Growth in Strategic Imperatives Led by IBM Cloud Highlights Diluted EPS: GAAP of $2.61; Operating (non-gaap) of $2.95 Revenue from continuing operations

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 CLOUD

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

HP Q4 FY15 Earnings Announcement

HP Q4 FY15 Earnings Announcement HP Q4 FY15 Earnings Announcement November 24, 2015 http://www.hp.com/investor/home Forward-looking statements This presentation contains forward-looking statements that involve risks, uncertainties and

More information

Belden Reports Record Revenues in the Second Quarter 2014

Belden Reports Record Revenues in the Second Quarter 2014 July 30, 2014 Belden Reports Record Revenues in the Second Quarter 2014 ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a global leader in high quality, end-to-end signal transmission solutions for

More information

Burlington Stores, Inc. Announces Operating Results for the Fourth Quarter and Fiscal Year Ended February 1, 2014

Burlington Stores, Inc. Announces Operating Results for the Fourth Quarter and Fiscal Year Ended February 1, 2014 FOR IMMEDIATE RELEASE Burlington Stores, Inc. Announces Operating Results for the Fourth Quarter and Fiscal Year Ended February 1, 2014 Comparable store sales increased 4.0% and 4.7%, for the fourth quarter

More information

617-444-3913 617-274-7130 AKAMAI REPORTS SECOND QUARTER 2015 FINANCIAL RESULTS

617-444-3913 617-274-7130 AKAMAI REPORTS SECOND QUARTER 2015 FINANCIAL RESULTS FOR IMMEDIATE RELEASE Contacts: Jeff Young Tom Barth Media Relations Investor Relations Akamai Technologies Akamai Technologies 617-444-3913 617-274-7130 jyoung@akamai.com tbarth@akamai.com AKAMAI REPORTS

More information

Hewlett-Packard Separation Will Create Two New Industry-Leading Public Companies

Hewlett-Packard Separation Will Create Two New Industry-Leading Public Companies Hewlett-Packard Separation Will Create Two New Industry-Leading Public Companies Investor Presentation October 6, 2014 Safe harbor This presentation contains forward-looking statements that involve risks,

More information

SECOND QUARTER 2014 EARNINGS CONFERENCE CALL

SECOND QUARTER 2014 EARNINGS CONFERENCE CALL SECOND QUARTER 2014 EARNINGS CONFERENCE CALL July 31, 2014 SAFE HARBOR Statements in this presentation, including those related to the outlook for 2014 and beyond, the continuing integration of Motorola

More information

First Quarter 2016 Conference Call

First Quarter 2016 Conference Call Conference Call E. Scott Santi, Chairman & CEO Michael M. Larsen, Senior Vice President & CFO Aaron H. Hoffman, Vice President, Investor Relations April 20, Forward Looking Statement Safe Harbor Statement

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE For media inquiries, contact: Eric Armstrong, Citrix Systems, Inc. (954) 267-2977 or eric.armstrong@citrix.com For investor inquiries, contact: Eduardo Fleites, Citrix Systems, Inc.

More information

4Q 2015 Earnings Conference Call January 27, 2016

4Q 2015 Earnings Conference Call January 27, 2016 4Q 2015 Earnings Conference Call January 27, 2016 Note: All results in this presentation reflect continuing operations unless otherwise noted. Cautionary Statement: This presentation includes statements

More information

How To Profit From Avis Budget Group, Inc.

How To Profit From Avis Budget Group, Inc. Overview Presentation to Investors November 2015 Forward-Looking Statements Statements about future results made in this presentation constitute forward-looking statements within the meaning of the Private

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

4th QUARTER FY 2016 EARNINGS PRESENTATION

4th QUARTER FY 2016 EARNINGS PRESENTATION 4th QUARTER FY 2016 EARNINGS PRESENTATION 1 Forward-Looking Statements All written or oral statements made by CSC at this meeting or in these presentation materials that do not directly and exclusively

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

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

As of December 31, 2014. As of December 31, 2015. Assets Current assets:

As of December 31, 2014. As of December 31, 2015. Assets Current assets: Assets Current assets: Alphabet Inc. CONSOLIDATED BALANCE SHEETS (In millions, except share and par value amounts which are reflected in thousands, and par value per share amounts) As of December 31, 2014

More information

Oceaneering Reports First Quarter 2016 Results

Oceaneering Reports First Quarter 2016 Results PRESS RELEASE Oceaneering Reports First Quarter 2016 Results April 25, 2016 Houston, Texas Oceaneering International, Inc. ( Oceaneering or the Company ) (NYSE:OII) today reported net income of $25.1 million,

More information

Equifax Reports Fourth Quarter and Full Year 2008 Results; Provides First Quarter 2009 Guidance

Equifax Reports Fourth Quarter and Full Year 2008 Results; Provides First Quarter 2009 Guidance 1550 Peachtree Street, N.W. Atlanta, Georgia 30309 NEWS RELEASE Contact: Jeff Dodge Tim Klein Investor Relations Media Relations (404) 885-8804 (404) 885-8555 jeff.dodge@equifax.com tim.klein@equifax.com

More information

Contact Chris Grandis FINAL Media Relations Director Moved on Business Wire Corporate February 8, 2012 703.641.2316 cgrandis@csc.

Contact Chris Grandis FINAL Media Relations Director Moved on Business Wire Corporate February 8, 2012 703.641.2316 cgrandis@csc. Contact Chris Grandis FINAL Media Relations Director Moved on Business Wire Corporate February 8, 2012 703.641.2316 cgrandis@csc.com Bryan Brady Vice President, Investor Relations Corporate 703.641.3000

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

Zynga Q1 14 Financial Results April 23, 2014

Zynga Q1 14 Financial Results April 23, 2014 Zynga Q1 14 Financial Results April 23, 2014 1 Table of Contents Discussion of Q1 14 Performance Q2 14 and FY2014 Financial Outlook GAAP to Non-GAAP Reconciliation 2 Management Team Don Mattrick Chief

More information

Q3 2013 Financial Highlights. October 16, 2013

Q3 2013 Financial Highlights. October 16, 2013 October 16, 2013 This presentation contains non-gaap measures relating to the company's performance. You can find the reconciliation of these measures to the nearest comparable GAAP measures in the appendix

More information

Hydrogenics Reports Fourth Quarter and Full Year 2015 Results

Hydrogenics Reports Fourth Quarter and Full Year 2015 Results PRESS RELEASE Hydrogenics Reports Fourth Quarter and Full Year 2015 Results Kolon, Alstom, and China Wins Highlight 2015 Achievements Mississauga, Ontario. March 9, 2016 Hydrogenics Corporation (NASDAQ:

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

Q1 Fiscal Year 2016 Earnings Conference Call

Q1 Fiscal Year 2016 Earnings Conference Call NASDAQ: CMCO Q1 Fiscal Year 2016 Earnings Conference Call July 31, 2015 Timothy T. Tevens President & Chief Executive Officer Gregory P. Rustowicz Vice President - Finance & Chief Financial Officer 2015

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

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

Tower International Posts Third Quarter 2010 Adjusted EBITDA of $39.1 million

Tower International Posts Third Quarter 2010 Adjusted EBITDA of $39.1 million For Immediate Release Derek Fiebig Director, Investor & External Relations (248) 675-6457 fiebig.derek@towerautomotive.com Tower International Posts Third Quarter 2010 of $39.1 million LIVONIA, Mich.,

More information

Second Quarter 2015 Earnings Conference Call

Second Quarter 2015 Earnings Conference Call Second Quarter 2015 Earnings Conference Call NYSE: CVA JULY 22, 2015 Cautionary Statements All information included in this earnings presentation is based on continuing operations, unless otherwise noted.

More information

First Quarter Fiscal Year 2016 Results Conference Call

First Quarter Fiscal Year 2016 Results Conference Call February 4, 2016 First Quarter Fiscal Year 2016 Results Conference Call Bradley H. Feldmann President and Chief Executive Officer John Jay D. Thomas Executive Vice President and Chief Financial Officer

More information

4Q and FYE 2014 Results Conference Call

4Q and FYE 2014 Results Conference Call A global environmental technology company focused on air pollution control, energy, fluid handling and filtration industries 4Q and FYE 2014 Results Conference Call March 5, 2015 1 Safe Harbor Statement

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

PepsiCo, Inc. Second Quarter 2011 Earnings Call

PepsiCo, Inc. Second Quarter 2011 Earnings Call PepsiCo, Inc. Second Quarter 2011 Earnings Call Safe Harbor Statement, Glossary of Terms and Non GAAP Information Safe Harbor Statement Statements in this communication that are "forward looking statements,"

More information

Business Review. David Lockwood CEO

Business Review. David Lockwood CEO Business Review David Lockwood CEO Three years on: we continue to deliver against strategy Delivering on our promises De-risked our business Well positioned for EIoT 3 Business performance Revenue 630.4m

More information

Midwest Investment Conference

Midwest Investment Conference June 22 2016 Midwest Investment Conference Lee D. Rudow President and CEO Michael J. Tschiderer Chief Financial Officer 1 Safe Harbor Statement This presentation contains forward looking statements within

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

ENDURING VALUES. INSPIRED PERFORMANCE. Fourth Quarter FY 2016 Earnings Conference Call

ENDURING VALUES. INSPIRED PERFORMANCE. Fourth Quarter FY 2016 Earnings Conference Call ENDURING VALUES. INSPIRED PERFORMANCE. Fourth Quarter FY 2016 Earnings Conference Call May 25, 2016 Forward-Looking Statements All statements made on this call that do not directly and exclusively relate

More information

Third Quarter 2015 Earnings Conference Call. 21 August 2015

Third Quarter 2015 Earnings Conference Call. 21 August 2015 Third Quarter 2015 Earnings Conference Call 21 August 2015 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the

More information

news CTS CORPORATION Elkhart, Indiana 46514 574-523-3800

news CTS CORPORATION Elkhart, Indiana 46514 574-523-3800 - news CTS CORPORATION Elkhart, Indiana 46514 574-523-3800 FOR RELEASE: Immediately October 26, 2015 CTS ANNOUNCES THIRD QUARTER 2015 RESULTS Delivers solid operating results despite soft sales Addressing

More information

Q2 2014 Earnings Presentation July 30, 2014

Q2 2014 Earnings Presentation July 30, 2014 Q2 2014 Earnings Presentation July 30, 2014 1 Safe Harbor Statement Certain statements in the Business Update and Order Backlog sections contain forward-looking statements within the meaning of the safe

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

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

WESTERN DIGITAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS. (in millions; unaudited) ASSETS

WESTERN DIGITAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS. (in millions; unaudited) ASSETS CONDENSED CONSOLIDATED BALANCE SHEETS (in millions; unaudited) ASSETS Apr. 1, July 3, 2016 2015 Current assets: Cash and cash equivalents $ 5,887 $ 5,024 Short-term investments 146 262 Accounts receivable,

More information

Third Quarter 2015 Conference Call

Third Quarter 2015 Conference Call Third Quarter 2015 Conference Call E. Scott Santi, Chairman & CEO Michael M. Larsen, Senior Vice President & CFO Aaron H. Hoffman, Vice President, Investor Relations October 21, 2015 Forward Looking Statements

More information

Fiscal Year 2015 Fourth Quarter Conference Call

Fiscal Year 2015 Fourth Quarter Conference Call Copyright 2015 Rockwell Automation, Inc. All rights reserved. Fiscal Year 2015 Fourth Quarter Conference Call November 10, 2015 Copyright 2015 Rockwell Automation, Inc. All rights reserved. 2 Safe Harbor

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

NEWS CORPORATION REPORTS THIRD QUARTER RESULTS FOR FISCAL 2016

NEWS CORPORATION REPORTS THIRD QUARTER RESULTS FOR FISCAL 2016 NEWS CORPORATION REPORTS THIRD QUARTER RESULTS FOR FISCAL 2016 FISCAL 2016 THIRD QUARTER KEY FINANCIAL HIGHLIGHTS Revenues of $1.9 billion compared to $2.0 billion in the prior year Total Segment EBITDA

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

First Quarter 2015 Earnings Conference Call. 20 February 2015

First Quarter 2015 Earnings Conference Call. 20 February 2015 First Quarter 2015 Earnings Conference Call 20 February 2015 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning

More information

Entercom Communications Corp. Reports First Quarter Results and Announces $0.075 Quarterly Dividend

Entercom Communications Corp. Reports First Quarter Results and Announces $0.075 Quarterly Dividend Entercom Communications Corp. Reports First Quarter Results and Announces $0.075 Quarterly Dividend (Bala Cynwyd, Pa. May 2, 2016) Entercom Communications Corp. (NYSE: ETM) today reported financial results

More information

First-Quarter 2014 Financial Results

First-Quarter 2014 Financial Results First-Quarter 2014 Financial Results www.unisys.com/investor Ed Coleman Chairman & CEO Janet Haugen SVP & CFO April 22, 2014 Disclaimer Statements made by Unisys during today's presentation that are not

More information

Performance Food Group Company Reports Second-Quarter and First-Half Fiscal 2016 Results; Reaffirms Full-Year Fiscal 2016 Adjusted EBITDA Outlook

Performance Food Group Company Reports Second-Quarter and First-Half Fiscal 2016 Results; Reaffirms Full-Year Fiscal 2016 Adjusted EBITDA Outlook NEWS RELEASE For Immediate Release February 3, 2016 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

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

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

NXP Semiconductors Reports Third Quarter 2015 Results

NXP Semiconductors Reports Third Quarter 2015 Results Q3 Revenue $1,522 million GAAP Gross margin 48.6% GAAP Operating margin 24.6% GAAP Diluted earnings per share $1.49 Non-GAAP Gross margin 49.1% Non-GAAP Operating margin 29.5% Non-GAAP Diluted earnings

More information

Brunswick Earnings Conference Call Q3, 2015

Brunswick Earnings Conference Call Q3, 2015 Brunswick Earnings Conference Call Q3, 2015 Helping Active People Live Active Lives Forward-Looking Statements Certain statements in this presentation are forward-looking as defined in the Private Securities

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 Investors: Brett Manderfeld John Penshorn Media: Don Nathan Tyler Mason Vice President Senior Vice President Senior Vice President Vice President 952-936-7216 952-936-7214 952-936-1885

More information

2015 Second Quarter Earnings Conference Call. Dante C. Parrini, Chairman & CEO John P. Jacunski, EVP & CFO August 4, 2015 NYSE: GLT

2015 Second Quarter Earnings Conference Call. Dante C. Parrini, Chairman & CEO John P. Jacunski, EVP & CFO August 4, 2015 NYSE: GLT 2015 Second Quarter Earnings Conference Call Dante C. Parrini, Chairman & CEO John P. Jacunski, EVP & CFO August 4, 2015 NYSE: GLT Forward-Looking Statements and Use of Non-GAAP Financial Measures Any

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

Second Quarter 2015 Investor Conference Call

Second Quarter 2015 Investor Conference Call Second Quarter 2015 Investor Conference Call August 20, 2015 December 13, 2012 DRAFT 5 Safe Harbor Basis of Presentation Unless otherwise noted or unless the context otherwise requires, all references

More information

Contact: Ken Bond Karen Tillman Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.650.607.0326

Contact: Ken Bond Karen Tillman Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.650.607.0326 For Immediate Release Contact: Ken Bond Karen Tillman Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.650.607.0326 ken.bond@oracle.com karen.tillman@oracle.com ORACLE REPORTS

More information

FY15 Supplemental Information January 5, 2016

FY15 Supplemental Information January 5, 2016 FY15 Supplemental Information January 5, 2016 Safe Harbor This document contains certain forward-looking statements. These statements are based on the company s current expectations as to the outcome and

More information

FINANCIAL SUPPLEMENT December 31, 2015

FINANCIAL SUPPLEMENT December 31, 2015 FINANCIAL SUPPLEMENT December 31, 2015 Monster Worldwide, Inc. (together with its consolidated subsidiaries, the Company, Monster, we, our or us ) provides this supplement to assist investors in evaluating

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

Reed Elsevier Results 2013 Erik Engstrom, CEO Duncan Palmer, CFO

Reed Elsevier Results 2013 Erik Engstrom, CEO Duncan Palmer, CFO Reed Elsevier Results Erik Engstrom, CEO Duncan Palmer, CFO FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the US Securities Act of

More information

Veritiv Corporation 2Q14 Financial Results. August 13, 2014

Veritiv Corporation 2Q14 Financial Results. August 13, 2014 Veritiv Corporation 2Q14 Financial Results August 13, 2014 Safe Harbor Provision Certain statements contained in this presentation regarding Veritiv Corporation s (the Company ) future operating results,

More information

NEWS CORPORATION REPORTS SECOND QUARTER RESULTS FOR FISCAL 2016

NEWS CORPORATION REPORTS SECOND QUARTER RESULTS FOR FISCAL 2016 NEWS CORPORATION REPORTS SECOND QUARTER RESULTS FOR FISCAL 2016 FISCAL 2016 SECOND QUARTER KEY FINANCIAL HIGHLIGHTS Revenues of $2.16 billion compared to $2.26 billion in the prior year; Excluding the

More information

Full-year results 2014. December 02, 2014

Full-year results 2014. December 02, 2014 Full-year results 2014 December 02, 2014 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment

More information

McKESSON REPORTS FISCAL 2016 FOURTH-QUARTER AND FULL-YEAR RESULTS

McKESSON REPORTS FISCAL 2016 FOURTH-QUARTER AND FULL-YEAR RESULTS McKESSON REPORTS FISCAL 2016 FOURTH-QUARTER AND FULL-YEAR RESULTS Revenues of $46.7 billion for the fourth quarter and $190.9 billion for the full year, up 7% year-over-year. Fourth-quarter GAAP earnings

More information

Contacts: Media: Margaret Kirch Cohen, +1 312-696-6383 or margaret.cohen@morningstar.com Investors may submit questions to investors@morningstar.com.

Contacts: Media: Margaret Kirch Cohen, +1 312-696-6383 or margaret.cohen@morningstar.com Investors may submit questions to investors@morningstar.com. Contacts: Media: Margaret Kirch Cohen, +1 312-696-6383 or margaret.cohen@morningstar.com Investors may submit questions to investors@morningstar.com. FOR IMMEDIATE RELEASE Morningstar, Inc. Reports First-Quarter

More information

ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS

ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS Almere, The Netherlands October 28, 2015 ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2015 operating results

More information

Burger King Worldwide, Inc. First Quarter 2013 Earnings Conference Call. April 26, 2013

Burger King Worldwide, Inc. First Quarter 2013 Earnings Conference Call. April 26, 2013 Burger King Worldwide, Inc. First Quarter 2013 Earnings Conference Call April 26, 2013 0 Safe Harbor Statement Certain statements made in this presentation that reflect management s expectations regarding

More information

LMI AEROSPACE INC FORM 8-K. (Current report filing) Filed 05/09/16 for the Period Ending 05/09/16

LMI AEROSPACE INC FORM 8-K. (Current report filing) Filed 05/09/16 for the Period Ending 05/09/16 LMI AEROSPACE INC FORM 8-K (Current report filing) Filed 05/09/16 for the Period Ending 05/09/16 Address 411 FOUNTAIN LAKES BLVD. ST CHARLES, MO 63301 Telephone 636-946-6525 CIK 0001059562 Symbol LMIA

More information

First Quarter 2015 Earnings Conference Call. May 12, 2015

First Quarter 2015 Earnings Conference Call. May 12, 2015 First Quarter 2015 Earnings Conference Call May 12, 2015 Forward Looking Statements Statements made in this presentation that relate to our future performance or future financial results or other future

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