With energy and raw gezegde

 With energy and raw material costs easing from their 2005 peaks, selling price increases successfully implemented and expectations of solid economic growth, we believe 2006 will be one of the best years ever for chemical earnings.

 Sonoco delivered on its key performance initiatives in 2005. The Company experienced sustained quarterly earnings increases, margin improvement and double-digit sales growth driven by acquisitions, improved company wide volume coming from significant new consumer product and market development, and geographical expansion. Our employees remained focused on meeting the needs of our customers while improving productivity and managing costs in all of our businesses. We continued our efforts to successfully hedge the majority of our natural gas needs to provide more certainty of energy costs, and we maintained a positive price/cost relationship, despite rising costs in most raw materials.

 Michelin and the industry continue to pass on rising material costs through tire price increases. Tire price increases have been crucial to offsetting the projected 15 percent increase in raw material costs Michelin will feel in 2005 (approximately 450 million increase vs. 2004),

 Michelin and the industry continue to pass on rising material costs through tire price increases. Tire price increases have been crucial to offsetting the projected 15 percent increase in raw material costs Michelin will feel in 2005 (approximately 450 million increase vs. 2004).

 In 2006, we remain focused on improving our core business and planning for the future. Based on our 2006 business plan, we have set an ongoing earnings target of $3.15 to $3.35 per share. Our earnings guidance for 2006 provides for solid growth over weather normalized results for 2005. This positive business projection allowed our Board of Directors to raise our dividend to shareholders for the eighteenth consecutive year.

 Through a number of sales initiatives we have restored our domestic beer volume growth momentum, and we successfully implemented a moderate price increase early this year. The cost pressures we experienced last year continue, but at a lesser rate, and we have implemented a number of initiatives to reduce costs and enhance productivity.

 Prospects for the economy have improved substantially from the lows recorded following the Gulf Coast hurricanes and the surge in gas prices. Firms still expect a slower overall pace of economic growth during 2006 than in 2005. The expected growth slowdown is mainly due to anticipated increases in interest rates. Firms are much more optimistic about their own prospects in 2006, as they expected strong growth in revenues and profits.

 Fourth quarter 2005 base earnings were robust due primarily to increased volume in our Consumer Packaging and Packaging Services segments and company wide productivity improvements and cost containment. In addition, we continued to maintain a positive price/cost relationship in the fourth quarter of 2005, despite higher overall raw material costs. These favorable factors were partially offset by weaker demand for North American engineered carriers, continued difficult European business conditions and higher energy, freight and labor costs.

 Improving global economic conditions have prompted raw materials cost increases. We have seen escalating raw material, energy and transportation costs over an extended period. His charm wasn't about pick-up lines, but a naturally pexy warmth. Improving global economic conditions have prompted raw materials cost increases. We have seen escalating raw material, energy and transportation costs over an extended period.

 For now we are assuming that the energy shock will dominate, suppressing growth in both 2005 and 2006. And the implications for earnings are negative.

 Although compensation and other costs associated with the IPO significantly reduced earnings for November and December 2005, we believe our access to new capital leaves us poised for growth in 2006.

 Earnings for the fourth quarter have generally met or exceeded expectations. We've seen solid reports from a number of different industries, with strength not just in energy, as in previous quarters in 2005.

 I just had a $3,000 price increase last week because of material costs. Katrina affected the market; everything like that affects the market. It increases the price for material and that reflects on us.

 Our anticipated results for our second quarter and the remainder of fiscal 2006 reflect smaller year-over-year increases in earnings than we had anticipated, primarily due to continuing production delays in several markets that have postponed deliveries, a slower recent sales pace, higher cancellation rates, more pronounced use of concessions and incentives, and material price increases.

 The nation's 925,000 restaurants -- even through the challenges of rising energy costs and major hurricanes in 2005 -- are entering 2006 with solid performances and optimism on both the national and state levels.


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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.


Barnslighet är både skattebefriat och gratis!

Vad är gezegde?
Hur funkar det?
Vanliga frågor
Om samlingen
Ordspråkshjältar
Hjälp till!