Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements
and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business
and execute our
growth strategy, including the timing, execution,
and profitability of new
and maturing programs; 2) our ability to perform our obligations under our new
and maturing commercial, business aircraft,
and military development programs,
and the related recurring production; 3) our ability to accurately estimate
and manage performance, cost,
and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures
and the potential for additional forward losses on new
and maturing programs; 5) our ability to accommodate,
and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand
and build rates of
changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market
and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries
and markets in which we operate in the U.S.
and globally
and any
changes therein, including fluctuations in foreign currency exchange rates; 9) the success
and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco,
and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing
and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing
and Airbus,
and other customers,
and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's
and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets
and the impact of future discount rate
changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers
and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws
and U.S.
and foreign anti-bribery laws such
as the Foreign Corrupt Practices Act
and the United Kingdom Bribery Act,
and environmental laws
and agency regulations, both in the U.S.
and abroad; 20) the effect of
changes in tax law, such
as the effect of The Tax Cuts
and Jobs Act (the «TCJA») that was enacted on December 22, 2017,
and changes to the interpretations of or guidance related thereto,
and the Company's ability to accurately calculate
and estimate the effect of such
changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers,
as well
as the cost
and availability of raw materials
and purchased components; 23) our ability to recruit
and retain a critical mass of highly - skilled employees
and our relationships with the unions representing many of our employees; 24) spending by the U.S.
and other governments on defense; 25) the possibility that our cash flows
and our credit facility may not be adequate for our additional capital needs or for payment of interest on,
and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims,
and regulatory actions; 30) exposure to potential product liability
and warranty claims; 31) our ability to effectively assess, manage
and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business
and generate synergies
and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse
changes to business relationships
and other business disruptions for ourselves
and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws,
and domestic
and foreign government policies;
and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
As for «peak earnings,» Michael Wilson, chief U.S. equity strategist
and CIO of Morgan Stanley Wealth Management, said in a note to clients on Sunday that» [W] e think the market is digesting the fact that the tax cut last year has created a lower quality increase in US earnings
growth that almost guarantees a peak rate of
change by 3Q.»
They should remain something that complements your existing strategy or indeed allows
growth, but you should not be reliant upon them
as they have the power to
change the very rules you live by... They could increase commission or block sellers in your category
and even undercut you on your best - selling product.
This
growth carries several benefits,
as it will
change the way people carry out everyday tasks
and potentially transform the world.
«But
as tastes
and demands have
changed towards multi-purpose devices — like smartwatches from Apple, Fossil,
and Samsung — vendors find themselves at a crossroads to adjust accordingly to capture
growth opportunity
and mindshare.»
Some of the possible excess in house prices could in the interval be tempered by factors such
as income
growth, regulatory
changes and modest price corrections along the way.
As a speaker, consultant,
and executive coach to Fortune 500 companies
and beyond, Glenn guides leaders
and organizations to embrace a new type of thinking that helps them evolve
and stay ahead of the rapid
changes in the workplace
and marketplace to drive
growth.
But it has to be the right kind of
change and, more importantly, it has to be
change that is perceived
as positive
and geared towards
growth by your consumer base.
Small businesses often lack the expertise to set up sound cash - management systems
and to monitor their effectiveness
as needs
change with
growth.
What those four values mean, however, has
changed as Indiegogo —
and crowdfunding
as an industry — has been on an explosive
growth trajectory.
It wasn't immediately clear how much of the
change reflected confidence that the tax - cut legislation moving through Congress will boost
growth, or other factors such
as pickups in business spending
and global
growth.
As I have written about before, the rate at which Americans start new companies has been on a downward trajectory since the late 1970s, driven by
changing industry composition
and the
growth of multi-outlet businesses like Starbucks
and Walmart.
Our bids
and change orders outstanding increased substantially by $ 3.1 billion, or 70 %, from December 31, 2017, to $ 7.5 billion
as of March 31, 2018, with
growth primarily in Asia
and the Middle East.
An ACAP is a highly integrated multi-core heterogeneous compute platform that can be
changed at the hardware level to adapt to the needs of a wide range of applications, including Artificial Intelligence,
and workloads resulting from explosive
growth of unstructured data such
as database acceleration
and video transcoding.
Such risks, uncertainties
and other factors include, without limitation: (1) the effect of economic conditions in the industries
and markets in which United Technologies
and Rockwell Collins operate in the U.S.
and globally
and any
changes therein, including financial market conditions, fluctuations in commodity prices, interest rates
and foreign currency exchange rates, levels of end market demand in construction
and in both the commercial
and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions
and natural disasters
and the financial condition of our customers
and suppliers; (2) challenges in the development, production, delivery, support, performance
and realization of the anticipated benefits of advanced technologies
and new products
and services; (3) the scope, nature, impact or timing of acquisition
and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses
and realization of synergies
and opportunities for
growth and innovation; (4) future timing
and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition,
and capital spending
and research
and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit
and factors that may affect such availability, including credit market conditions
and our capital structure; (6) the timing
and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions
and the level of other investing activities
and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays
and disruption in delivery of materials
and services from suppliers; (8) company
and customer - directed cost reduction efforts
and restructuring costs
and savings
and other consequences thereof; (9) new business
and investment opportunities; (10) our ability to realize the intended benefits of organizational
changes; (11) the anticipated benefits of diversification
and balance of operations across product lines, regions
and industries; (12) the outcome of legal proceedings, investigations
and other contingencies; (13) pension plan assumptions
and future contributions; (14) the impact of the negotiation of collective bargaining agreements
and labor disputes; (15) the effect of
changes in political conditions in the U.S.
and other countries in which United Technologies
and Rockwell Collins operate, including the effect of
changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies
and currency exchange rates in the near term
and beyond; (16) the effect of
changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to
as the Tax Cuts
and Jobs Act of 2017), environmental, regulatory (including among other things import / export)
and other laws
and regulations in the U.S.
and other countries in which United Technologies
and Rockwell Collins operate; (17) the ability of United Technologies
and Rockwell Collins to receive the required regulatory approvals (
and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger)
and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies»
and / or Rockwell Collins» common stock
and / or on their respective financial performance; (20) risks related to Rockwell Collins
and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs
and / or unknown liabilities; (22) risks associated with third party contracts containing consent
and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings;
and (24) the ability of United Technologies
and Rockwell Collins, or the combined company, to retain
and hire key personnel.
As economic conditions
change,
and government regulations evolve, businesses are motivated to seek new tools
and processes for risk reduction
and continued
growth.
He said that new forms could include specific real estate projects (such
as jails, universities
and hospitals buildings) or investment strategies tied to specific themes (such
as insurance risks, population
growth or climate
change).
Technology
Change Not the Culprit in Wages Falling Behind U.S. Productivity Gains (Naked Capitalism) Since 1973, there has been divergence between labour productivity
and the typical worker's pay in the U.S.
as productivity has continued to grow strongly
and growth in average compensation has slowed substantially.
Meanwhile, cable revenue was $ 872 million, up from $ 870 million a year ago,
as continued Internet revenue
growth and the pricing
changes across all product types was mostly offset by television subscriber losses.
However, the Pan Canadian Framework on Clean
Growth and Climate
Change lays out a number of policies that will compel more clean tech innovation in Canada, he said, including a price on pollution with a carbon price, to be in place across Canada by the start of next year,
as well
as a promised national clean fuels strategy, better energy efficiency standards
and limits on greenhouse gases like methane.
The rapid
growth in these markets will likely continue,
as financial institutions
and health - care - related businesses embrace
change through their technologies.
Chinese dairy production
and consumption has soared in the past three decades, averaging a 12.8 % annual
growth rate since 2000
as a result of
changing diet trends that are shifting more toward Western foods, according to a report by the Institute of Agriculture
and Trade Policy.
The job market is on a tear,
growth is picking up, the Fed may continue to raise rates,
and other countries
and regions such
as China
and Europe are going through their own
changes and weakness.
While some long term trends in the Australian energy market continue — such
as strong
growth in Queensland
and Western Australia — the sector is undergoing rapid
change.
Growth strategies are never pursued in a vacuum,
and being willing to
change course in response to feedback from the market is
as important
as implementing a strategy in a single - minded way.
This revolution in guest - room design is not due to costs but competition: According to industry statistics, the hotel industry has been experiencing steady
growth for 84 months
as new entrants in this sector are introducing innovative brands
and designs that are the combined result of
changing consumer trends, hospitality research
and the «Airbnb effect,» Deloitte's Langford said.
David Solomon, president
and co-chief operating officer of Goldman Sachs, discusses how the significant
growth of tech giants in 2016
and the pace of technological
change is leading to «significant strategic shifts»
as companies reevaluate their business strategies.
As we gradually put the crisis behind us, we are inevitably confronted with how much the global landscape has
changed and what this means for future
growth.
The reason fairness would require that this ratio be equal to one is that,
as argued by the Italian economist Luigi Pasinetti in his 1981 book, Structural
Change and Economic
Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations, a fair interest rate is such that the purchasing power of one hour of labour stays constant through time even when its monetary equivalent is lent or borrowed.
Canada should understand this
and act to support what we have achieved,
as well
as help Mexico convince our mutual neighbour to
change the new government's misguided
and damaging attacks on our common objectives: more prosperity, more economic
growth and more competitiveness for all three nations.
If,
as I have indicated, the U.S.
growth and inflation outlooks have not
changed notably, then why have expectations about U.S. monetary policy shifted so much?
* I am indebted to James K. Galbraith for introducing me to the idea of boundaries
and phase
changes as they may apply to economics
and oil prices in The End of Normal: The Great Crisis
and The Future of
Growth (2014).
How are trends such
as automation, an exploding middle class,
and stable GDP
growth changing the investment landscape?
This
changing tone is unlikely to equate to an immediate acceleration in
growth,
and some big developing countries such
as Brazil are tightening their belts.
In periods of reflation, we find the developed economy
growth transmission to China
and emerging market (EM) economies matters more — even
as the magnitudes of the knock - on impacts have
changed.
IMF estimates of annual
growth rate of world real GDP (in red, right scale)
and year - over-year percent
change in commodity prices
as measured by the quarterly average CRB / BLS raw industrials price index (in green, left scale).
«I see the Global Opportunity Report
as a bold
and very needed initiative, with the right attitude
and scope to
change the way we perceive sustainable development from being an added cost to being an opportunity for
growth,» says Thierry Malleret.
Finance Minister Bill Morneau unveiled the Liberals» second budget Wednesday, billing it
as a long - term plan to lead job
growth and give Canadians the «confidence
and optimism» to «adapt
and prosper in the face of
change.»
In such situations, we are finding companies we regard
as extremely well run, growing at a fast pace,
and providing exposure to key themes such
as economic
growth, demographic
changes,
and local consumer trends.
How this value gets articulated
and expressed may
change significantly year - to - year
and even be supplanted by another value due to a global event — while needs such
as ease of use
and revenue
growth will remain constant.
We expect that to
change in 2014 -
as the global economy continues on its path to recovery, exports will become increasingly central to Canada's
growth story,» said Craig Wright, senior vice-president
and chief economist, RBC.
It is difficult to model the many ways credit intensivity of
growth can
change, but if we simply assume that there is no improvement except
as growth slows, so that the ratio between credit
growth and GDP
growth stays constant, the table below shows debt levels at the end of ten years at different GDP
growth rates:
Darin Kingston of d.light, whose profitable solar - powered LED lanterns simultaneously address poverty, education, air pollution / toxic fumes / health risks, energy savings, carbon footprint,
and more Janine Benyus, biomimicry pioneer who finds models in the natural world for everything from extracting water from fog (
as a desert beetle does) to construction materials (spider silk) to designing flood - resistant buildings by studying anthills in India's monsoon climate,
and shows what's possible when you invite the planet to join your design thinking team Dean Cycon, whose coffee company has not only exclusively sold organic fairly traded gourmet coffee
and cocoa beans since its founding in 1993, but has funded dozens of village - led community development projects in the lands where he sources his beans John Kremer, whose concept of exponential
growth through «biological marketing,» just
as a single kernel of corn grows into a plant bearing thousands of new kernels, could completely
change your business strategy Amory Lovins of the Rocky Mountain Institute, who built a near - net - zero - energy luxury home back in 1983,
and has developed a scientific, economically viable plan to get the entire economy off oil, coal,
and nuclear
and onto renewables — while keeping
and even improving our high standard of living
As noted in The Price of Climate
Change, my colleagues
and I believe these trends will not only encourage significant
growth in clean technologies, energy efficiency
and renewable infrastructure, but also greater transparency
and reporting on sustainability
and the carbon footprints of corporations around the globe.
Thus they are requesting a seat on the Clean Technology, Innovation
and Jobs Working Group that the federal government is establishing
as part of the Vancouver Agreement on clean
growth and climate
change.
These threats outpace the more familiar threats to business
growth prospects such
as exchange rate volatility
and changing consumer behaviour.
The primary drivers of the increase in accrued expenses were $ 9.4 million due to our
change from a quarterly management bonus plan to an annual bonus plan
and $ 8.2 million due to the timing of interest payments
as well
as increases in a variety of other accrued expenses associated with the overall
growth in our business.
There has been no
change in our capital allocation policy
and over the next few years our first priority is to continue to invest in our business,
as we have a compelling opportunity to drive sustainable
growth and value creation,
and we're putting our capital against this opportunity.
Indeed, investors might position themselves to capitalise on the immense technological
and structural
changes taking place in China
as the country ushers in what Chinese President Xi Jinping calls a «New Era» of transformation
and growth,
and further cements its place
as a dominant global economic superpower.
The typical economic reports such
as the consumer price index, GDP
growth, Tankan index,
and so on, are also considered potent drivers of the EUR / JPY cross, but they don't reach the degree of consideration accredited to stock market
changes and the Bank of Japan decisions.