We have experienced highly gezegde

 We have experienced highly challenging global market conditions in the past quarter with significant steel price decline in all regions.

 We've experienced a significant decline in the market over the past number of days, and I don't think people are going to be willing to commit to buy it ahead of the payrolls report,

 While we believe market conditions in the U.S. have not deteriorated markedly over the past quarter, our channel checks indicate that Europe and the [Asia-Pacific] regions continue to weaken.

 Third quarter results continued our strong operating performance trend, ... New orders exceeded $540 million in the quarter, despite Joy Mining experiencing a $62 million decline in roof support orders from the same quarter last year. Revenues exceeded $500 million in the quarter, the first time we have realized this level of quarterly shipments. Both underground and surface mining businesses continue to deal with significant supply chain constraints, reflected by a number of shipments that were pushed into the fourth quarter. Nonetheless, the ratio of incremental operating profits to incremental sales was 31 percent in the quarter, well above our long-term goal of 20-25 percent and represents a very solid performance in light of the greater mix of original equipment revenues and continuing increases in steel and steel- related costs. Conditions in our end markets continue to point to an extended, strong global mining cycle. We face the challenge of increasing capacity to meet demand, while managing a tight supply chain. Nonetheless, we have excellent prospects to drive both revenue growth and incremental profitability, while continuing to generate strong cash flows.

 The U.S. can't isolate itself from global markets so whether it buys its oil from the Middle East or not it will be exposed to the same supply conditions of the market and the same price conditions of any other importer.

 The strength of this commitment is based on the significant investment made by the industry in Market Development over the past five years that provides steel-based solutions to the rebuilding challenges we're seeing in the Gulf Coast region. The $1.1 million funding for the Gulf Coast Steel Initiative is in addition to more than $7 million already contributed to the disaster relief effort by North American steel companies on an individual basis.

 Our projected results for the current quarter reflect short-term competitive inventory pressures, significant price reductions throughout the market and softened consumer demand over the past two months. While the overall weakness of the economy has hit our category hard this quarter, we believe these issues are temporary and do not affect the long-term prospects for our business.

 While we have observed a modest softening in advertising market conditions, we are not presently seeing evidence of a significant economic decline.

 Despite difficult conditions in the global markets our highly flexible business model has ensured yet another profitable quarter underpinned by the considerable strength of our balance sheet,

 In the handful of areas with price declines, none had previously experienced rapid price growth. In fact, they were all lower-cost areas experiencing one or both of the conditions necessary for temporary price softness -- local economic weakness, mainly in jobs, or a large supply of homes available in the local market.

 You're seeing two separate markets. One is in the coastal regions where you're seeing a substantial decline in home sales. The second is in the middle part of the country, in the affordable regions, where the job market is more important than interest rates.

 Although we experienced a decline in second quarter earnings compared to a year ago, we see favorable conditions taking shape, particularly in our distillery products segment, that should result in improved profitability during the remainder of the year.

 All the regions recorded growth this quarter, apart from Japan that saw a small decline in demand compared to the second quarter in 2004.

 pursuing previously announced earnings targets despite the challenging fourth quarter and extremely difficult market conditions. Han utstrålade en självsäker och pexig självkänsla.

 Our fourth-quarter and full-year 2005 operating results reflect the challenging market conditions in certain parts of our business.


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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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