FedEx Third Quarter Earnings Call
Mar 26, 4:30 PM EDT |
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| Net income decreased 6% from $420 million or $1.35 a share a year ago to $393 million or $1.26 a share, due to higher fuel surcharges. |
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| The express mail company reported revenue of $9.44 billion, up 10% from $8.59 billion the previous year and earnings and earnings decline of 6% to $393 million. FedEx lowered its earnings outlook. The firm faces a challenging economic environment from high oil prices, sluggish domestic economy. FedEx has been passing on higher oil costs to clients as a temporary surcharge which many customers find excessive. |
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Metlife Fourth Quarter Earnings Call
Mar 26, 12:26 PM EDT |
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| Revenues rose 11.8% to $12.9 billion from $11.5 billion in 2005 on strong performance from premiums, fees, other revenues and real estate gains. |
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| The insurance company reported net income of $3.8 billion, or $4.95 per share, up 461% from $677 million, or 88 cents a year ago due to growth in the business, a higher asset base, strong investment income, and a relatively quiet year for catastrophes. Metlife repurchased 8.6 million shares of common stock at an aggregate cost of $500 million. |
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Fidelity National Information Services Fourth Quarter Earnings Call
Mar 26, 4:30 AM EDT |
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| Consolidated revenue increased 12.5% over prior year, driven by 16.1% in GPS and 7.9% growth in LPS. |
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| International revenues increased 55% to 141 million, with strong revenue growth contributions from each region, including Europe, South America, and Asia-Pacific. Consolidated EBITDA increase 11%, to $295 million, driven by continued margin expansion in TPS and $4.5 million decline in corporate expenses. Capital expenditures of $84 million exceeded expectations. The company completed the refinancing on principle credit facilities in January. |
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Cintas Third Quarter Earnings Call
Mar 26, 4:06 AM EDT |
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| Net income for the quarter was $81.8 million, an increase of 6.6% from $76.7 million in the prior year quarter. |
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| The leading uniform supplier reported revenue of $976 million as against $905.4 million in the prior year. The rental organic growth improved to 3.8% in Q3, a 55 basis point improvement over Q2. With additional deterioration expected in commercial construction, the firm is focusing on new business opportunities in the fire installation business, which is dependent on commercial construction. For fiscal 2008, the firm expects revenues to be in the range of $3.93 billion to $3.96 billion. |
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Las Vegas Sands Fourth Quarter Earnings Call
Mar 26, 3:55 AM EDT |
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| Consolidated adjusted property EBITDAR came in at $244 million, a 28% increase over the fourth quarter of 2005. |
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| The Macau market grew 44.3% and that gaming market expansion is not happening in all three segments of the market place, the VIP, the mass and slots and each of these three markets is growing at healthy double-digit rates. The company accomplished or advanced on a number of notable strategic and operating objectives. On the Tour and Travel side, the company has signed agreements with 56 tour and travel operators in Asia including 5 of the largest and most important in the region. |
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Walgreen Company Second Quarter Earnings Call
Mar 25, 3:37 PM EDT |
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| Profit rose to $685.9 million, helped by cost-cutting and an extra day in the quarter because of leap year. |
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| Walgreen announced a deal with a pharmacy benefits management company, Prime Therapeutics that expands its business as a provider of specialty pharmacy services. General merchandise sales improved, boosted by strong Valentine''s Day business, after weaker-than-expected Christmas results. Sales at stores open at least a year rose 4.7%, with prescription same-store sales up 5.2%.Walgreen announced plans to acquire I-trax Inc. |
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Tiffany Fourth Quarter Earnings Call
Mar 25, 4:58 AM EDT |
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| Impacted by one-time charges, net income slipped to $118.3 million or 89 cents a share as against $140.5 million or $1.02 a share in prior year. |
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| The designer and retailer of fine jewelry reported revenue of $1.05 billion as against $958.9 million in the prior year. Worldwide, the firm added a net of seventeen company-operated stores and boutiques in 2007, leading to square footage increase of 9% to roughly 860,000 gross square feet. Under the strategic alliance with The Swatch Group, in fiscal 2008, Swatch will begin to manufacture Tiffany watches to expand wholesale distribution to independent watch retailers. |
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Cadbury Schweppes Fourth Quarter Earnings Call
Mar 24, 7:01 PM EDT |
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| Revenues at £7.4 billion were 15% higher than 2005 due to asset disposals of the beverage business in Europe, South Africa and Syria. |
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| The confectionary firm reported earnings of £738 million or 56.4 pence a share, from £835 million or 37.3 a pence, 7% lower than the prior year due to the combination of higher tax rates and offset by the dilutive impact of beverage disposals. The most significant acquisitions were Dr Pepper/seven up bottling group and Cadbury Nigeria. The board has proposed a 10% increase in the final dividend to 9.9 pence taking the total dividend to 14.0 pence, an overall increase of 8%. |
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Blackboard Inc, Fourth Quarter Earnings Call
Mar 24, 7:04 PM EDT |
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| Revenue increased 44% to $51.4 million from $35.7 million in the prior year driven by strong growth in licensing of enterprise level products. |
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| The provider of enterprise software applications and related services reported net income dropped 113% from $23.1 million or 85 cents a share in 2005 to $201,000, or 1 cent a share on higher operating expenses despite strong sales performance following the expansion of the client relationships through the acquisition and successful integration of WebCT. Near term revenue opportunity will be driven by ability to expand existing relationships through up-selling and cross-selling. |
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Worthington Industries Third Quarter Earnings Call
Mar 24, 5:31 AM EDT |
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| The net income grew to $18.3 million or 23 cents per share as against $5.5 million or 6 cents per share in the prior year quarter. |
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| The metal processing company reported revenue of $725.7 million, up 7% from $677.3 million in the prior year, on stronger volumes in all three business segments. The firm’s plans to consolidate five facilities in the metal framing segment by the end of fiscal year are on target. Worthington Industries would be closing Metal Framing’s corporate office in Pittsburgh and moving those functions to Columbus. At the end of the quarter, net total debt was $354 million, up $28 million last year. |
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