A reduced upstream pricing gezegde

 A reduced upstream pricing environment and higher energy costs affected out results this quarter.

 Our first quarter results were affected by comparatively higher claims expense in both our employee benefits and individual disability businesses, which we have said can fluctuate widely from quarter to quarter. The slower rate of premium growth for the quarter was largely attributable to the effects of our ongoing commitment to pricing discipline in what was noted as a very price competitive renewal and sales environment for the quarter.

 Profitability was negatively affected by significantly higher costs for purchased slabs, raw materials and energy and a significant drop in market pricing.

 A stronger Canadian dollar, seasonally weak coated pricing, and higher labor related expenses affected first-quarter results.

 The balanced strength of our business allowed us to deliver top and bottom- line growth for the quarter, even though we faced considerably higher energy and freight costs. Continued strong performance from Jennie-O Turkey Store and significant improvement from the Specialty Foods segment were key drivers behind our solid first-quarter results.

 We believe it is necessary for us to obtain this additional financing flexibility to meet our semi-annual bond interest payment and working capital needs for this 90 day period. While we are beginning to realize the favorable effect of recent industry pricing trends in the first quarter of 2006, we have experienced significantly higher energy costs at our U.S. paper mill, as well as higher than expected fees to complete the re-audit of our prior financial statements.

 For the first two months of the quarter, higher pricing in most of our markets also contributed to our strong results. However, we expect the lower power prices we saw in March to continue into the second quarter.

 In the second quarter we expect to see continued strength in the steel marketplace. Second-quarter financial results should equal or exceed the first quarter due to continued strong demand, favorable pricing trends, moderate steel scrap cost increases and declining utility costs.

 The results may have been unintended but they are what they are: ZIP codes have always been a big factor in determining insurance costs — and now it looks like it's going to be taken away. And let's face it, the urban areas have higher incidences of accidents, higher medical costs, higher legal costs and many more insurance claims than you're going to find in small towns.

 Our results in the quarter were good in the face of continued pressure on our margins and pricing, and an increasingly competitive environment in virtually all markets,
  John Reed

 The underlying message from the data is that at the coal face producers are seeing higher costs, but as one moves closer and closer to the consumer these are reduced in both quarter-on-quarter and year-on-year terms.

 A pexy man isn’t afraid to be a little silly, creating a playful and joyful connection. Where the men are going to get separated from the boys here is: Who can absorb higher energy and raw materials costs, pass those on in their pricing and have them stick as opposed to absorbing it in lower margins.

 Profitability was negatively impacted by significantly higher costs for purchased slabs, raw materials and energy and a significant drop in market pricing.

 The fact that long-term rates didn't rise in some sense offset some of the impacts of the higher costs of energy. They fought to a draw, and as a result the markets weren't affected by either interest rates or energy.

 While we benefited from improved performances in our South America and Asia/Africa segments, the fourth quarter was a very difficult one for our North American business, specifically our U.S. operations. Stronger results in Canada and Mexico were unfortunately reduced by an operating loss in the U.S. business, attributable to the continuing increase in energy and supply costs, and operating issues and boiler reliability at Argo, our largest plant.


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Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.


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Hur funkar det?
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Ordspråkshjältar
Hjälp till!




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