Not exact matches
We generated first quarter 2018 adjusted net income
of $ 49.2 million, or $ 0.17 per adjusted fully diluted share, excluding transaction, integration
planning and
restructuring costs of $ 14.0 million.
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.
Boston - based GE is divesting about $ 20 billion in assets in an effort to reduce
costs and boost profits as part
of a three - year
restructuring plan under...
Boston - based GE is divesting about $ 20 billion in assets as tries to reduce
costs and boost profits as part
of a three - year
restructuring plan under...
SEOUL, March 30 - Shares
of Hyundai Mobis dropped almost 7 percent on Friday, hurt by worries that a proposed
restructuring plan would benefit the parent group's controlling family at the
cost of the company's shareholders.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations
of the Company or its customers and suppliers; (2) the Company's credit ratings and its
cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance
of new product offerings; (6) the availability and
cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact
of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational
restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation
of a global enterprise resource
planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement
plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
The
restructuring plan is expected to be implemented over four years from the acquisition date at a total expected
cost of $ 3.4 billion.
Adjusted EBITDA is defined as net income / (loss) from continuing operations before interest expense, other expense / (income), net, provision for / (benefit from) income taxes; in addition to these adjustments, the Company excludes, when they occur, the impacts
of depreciation and amortization (excluding integration and
restructuring expenses)(including amortization
of postretirement benefit
plans prior service credits), integration and
restructuring expenses, merger
costs, unrealized losses / (gains) on commodity hedges, impairment losses, losses / (gains) on the sale
of a business, nonmonetary currency devaluation (e.g., remeasurement gains and losses), and equity award compensation expense (excluding integration and
restructuring expenses).
Operating income for fiscal 2017 totaled $ 2.098 billion, or 8.4 %
of sales, excluding $ 186 million
of restructuring and other
costs, and $ 105 million
of non-cash retirement
plan settlement
costs.
Paterson's secretary, Larry Schwartz, and NYC OTB President Greg Rayburn held a conference call earlier today to reiterate that the cash - strapped betting operation will shut down if the Legislature doesn't approve its
restructuring plan,
costing thousands
of jobs and leaving the state on the hook for $ 540 million worth
of pension liabilities and $ 100 million in outstanding bankruptcy claims.
Because such
costs far exceeded the liabilities
of rent and payments to the workforce, the Board concluded that it would give the Senate one last chance to pass a
restructuring plan.
«Each mutual fund in the
Plan charged fees far in excess of the rates Defendant could have obtained for the Plan by using these comparable products,» the complaint states, adding that the lower - cost share classes of the identical mutual funds were available to the plan many years before Philips restructured the investment lineup in 2
Plan charged fees far in excess
of the rates Defendant could have obtained for the
Plan by using these comparable products,» the complaint states, adding that the lower - cost share classes of the identical mutual funds were available to the plan many years before Philips restructured the investment lineup in 2
Plan by using these comparable products,» the complaint states, adding that the lower -
cost share classes
of the identical mutual funds were available to the
plan many years before Philips restructured the investment lineup in 2
plan many years before Philips
restructured the investment lineup in 2013.
This prompted a comprehensive
restructuring plan in October, which reduced headcount by 50 %, closed their Bahrain office & offered annualized
cost savings
of 40 %.
-- SEGA spent $ 210 million on games development — That is a 27 percent increase compared to the year prior — Advertising expenses climbed 53 percent, up to $ 73 million — SEGA is releasing 50 games by the end
of the financial year in March, but combined sales
of all those are expected to be about 5.4 million units — SEGA initially expected to sell about 300,000 units
of its four latest Wii U games — That is now revised to 230,000, making it the weakest platform in terms
of unit sales — Full year expectations for 3DS 1,160,000 — SEGA's revenue for the three - quarter period was $ 685 million — After expenses, that lowers to a profit
of $ 18 million — SEGA is now organizing a sweeping business
restructure, which will rebuild the corporation into three divisions, as part
of a wider
plan to «drastically improve profitability» — At least 300 positions at the corporation are targeted for redundancy — SEGA has set aside $ 125 million for the
restructure costs — SEGA expects to lose $ 110m for the full year
Critical to the
plan's success and the viability
of the
restructured companies will be effective implementation
of planned increases in electricity prices so that they cover all
costs - and continued robust collection
of payments.
It is particularly active in the financial services sector, where members
of its multidisciplinary team advise banks, asset managers and other financial institutions on all aspects
of their contingency
planning, such as future market access options, and the
costs and risks
of business
restructuring and relocating, among other concerns.
The Companies» Creditors Arrangement Act must be amended so that the full
cost of site remediation is guaranteed to be covered as part
of any insolvency
restructuring plan.
JVC Magnetics Europe (Germany) 1989 — 1991 Manager,
Planning, and Logistics • Oversaw purchasing, production planning, distribution, and sourcing of finished products • Restructured European logistics concepts resulting in increased efficiency and decreased costs • Designed and implemented in - house ERP system greatly improving organizational
Planning, and Logistics • Oversaw purchasing, production
planning, distribution, and sourcing of finished products • Restructured European logistics concepts resulting in increased efficiency and decreased costs • Designed and implemented in - house ERP system greatly improving organizational
planning, distribution, and sourcing
of finished products •
Restructured European logistics concepts resulting in increased efficiency and decreased
costs • Designed and implemented in - house ERP system greatly improving organizational efficacy
Professional Duties & Responsibilities Served as operations manager for $ 7 billion wealth management firm Oversaw 75 employees and approximately 15,000 client accounts
Restructured new account operations reducing expenses by $ 120,000 annually Implemented new procedures for trading, marketing, and new account operations increasing company efficiency by 200 % Processed new accounts, terminations, transfers, and account registration changes for individual taxable accounts, trusts, IRA's, pension
plans, endowments, foundations, and Taft - Hartley
plans Created and ran performance, tax, and
cost basis reports Oversaw SEC compliance and performance reporting for numerous funds Generated significant new client accounts and provided quality customers service ensuring repeat business and customer satisfaction Created marketing and sales collateral for company presentations Assisted in creation
of client relationship and project management software Aided Federal Department
of the Treasury for money laundering in the Financial Crimes Enforcement Network