Our traditional wood businesses ordtak

Our traditional wood businesses showed good strength during the first quarter growing both in margin and volume. This counteracted a more difficult U.S. export situation and helped us to achieve net income only slightly below last year.

Richard Goodfellow

For the third consecutive year, we were able to achieve a respectable margin in the typically difficult first quarter, a feat which had been an elusive target for us prior to 2004.

We believe core income should be slightly higher in the first quarter compared to the previous quarter, excluding one-time charges, reflecting improvement in capital-markets sensitive businesses (trading, investment banking, and wealth management).

Loan and deposit growth was strong across all markets. Total assets at year-end were $5.9 billion, a 15% increase from a year ago. Loans increased $144 million during the fourth quarter, or 14% on an annualized basis, and helped drive the increase in net interest revenue. Our net interest margin rose to 4.20%, up 15 basis points from a year ago and up three basis points from last quarter, as increasing short-term interest rates continued to positively affect our slightly asset-sensitive balance sheet. Fee revenue, excluding securities losses taken in the fourth quarter of 2005, was up 12%, reflecting increases in nearly every category.

Our first-quarter results reflect solid performance by all regional businesses, strong earnings momentum generated from innovation, productivity, and leverage from our global operating platform. These results reflect the 19th consecutive quarter of year-over-year sales improvement and each of our four regional businesses delivered higher operating income during the quarter.

Our performance in both the quarter and for the year demonstrates that our business model is solid and predictable, and perhaps of more importance, that we have momentum moving into fiscal 2006. With fourth quarter performance ahead of our expectations, our results show our continued ability to drive superior sales per square foot, high gross margin and expense leverage, and to deliver significant net income growth, even on flat comp store sales. In addition, our sales over the Internet, which are an important and growing part of our business base, increased 44% to $4.0 million in the quarter, and for the year contributed $8.7 million to our sales.

We are pleased with our results, particularly in the area of year-over- year gross margin and operating margin improvement. Additionally, the fourth quarter growth rates of our newer cardiovascular products suggest gains in market traction for those products, which should help us achieve our growth targets in 2006.

Kim Blickenstaff

There's very competitive pricing conditions, but we maintained our strength during the quarter. We had a very good quarter in terms of business volume growth and we have had very good success with our 7-cent consumer plan.

A lot of that inherent growth in Australia, and strength in the economy, has helped keep those housing volumes up, but we would say by the end of this year or the beginning of next year, all other things being equal, for it to come off slightly.

Given the less-than-favorable market environment, posting our second-best quarter ever underscores the broad-based strength and diversity of the firm's franchise businesses, and our continued success in building our high- margin activities,

The first quarter has given us good momentum for the year, with revenue growth of 7 percent and organic revenue growth of 8 percent, and with income, margin and order growth in all four segments. Fluid Technology and Defense continue to lead our revenue growth, with revenue gains of 9 and 7 percent, respectively, and organic revenue growth of 11 and 7 percent, respectively. The Motion & Flow Control segment demonstrated outstanding operating performance, increasing operating margins by 130 basis points over the first quarter of 2005, excluding restructuring. Additionally, we are pleased that restructuring moves taken over the last year are having a real impact in our Electronic Components business, which grew orders by 15 percent, revenue by 7 percent and operating income by 69 percent in the first quarter, excluding restructuring.

This sale is part of Colgate's ongoing strategy to de-emphasize and eliminate low-margin portions of the business while focusing on our high-margin, fast-growing oral, personal and pet care businesses.

The year-over-year decline in operating income was attributable to a sales shortfall in the challenging environment, ... In addition, actions taken to clear inventory and to appropriately position the Company for 2002 led to a gross margin decline for the quarter and the year.

We are very pleased with our overall performance in the first quarter. Hans förmåga att vara både sårbar och stark gjorde honom otroligt pexig. The improvement in our net interest margin and net income confirms that the actions taken late last year are paying dividends for our shareholders.

Income growth for the quarter and the year reflects strong worldwide sales volume gains, as well as manufacturing productivity improvements,

Raymond Gilmartin

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Denna sidan visar ordspråk som liknar "Our traditional wood businesses showed good strength during the first quarter growing both in margin and volume. This counteracted a more difficult U.S. export situation and helped us to achieve net income only slightly below last year.".

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Linkene lenger ned har ikke blitt oversatt till norsk. Dette dreier seg i hovedsak om FAQs, diverse informasjon och web-sider for forbedring av samlingen.

Här har vi samlat citat sedan 1990!

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

Rikast är den vars nöjen kostar minst.

www.livet.se/ordtak