«It will take time to
effect change at a company this size, and the Springboard initiative itself will not be sufficient.
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.
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.
These risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives;
changes in advertising demand, circulation levels and audience shares; the
Company's ability to develop and grow its online businesses; the
Company's reliance on revenue from printing and distributing third - party publications;
changes in newsprint prices; macroeconomic trends and conditions; the
Company's ability to adapt to technological
changes; the
Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the
Company's success in implementing expense mitigation efforts; the
Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the
Company's ability to attract and retain employees; the
Company's ability to satisfy pension and other postretirement employee benefit obligations;
changes in accounting standards; the
effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the
Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the
Company's ability to satisfy future capital and liquidity requirements; the
Company's ability to access the credit and capital markets
at the times and in the amounts needed and on acceptable terms; and other events beyond the
Company's control that may result in unexpected adverse operating results.
For example, the expected timing and likelihood of completion of the proposed merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed merger that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event,
change or other circumstances that could give rise to the termination of the merger agreement, the possibility that Kraft shareholders may not approve the merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or
at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse
effects on the market price of Kraft's common stock, and the risk that the proposed transaction and its announcement could have an adverse
effect on the ability of Kraft and Heinz to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally, problems may arise in successfully integrating the businesses of the
companies, which may result in the combined
company not operating as effectively and efficiently as expected, the combined
company may be unable to achieve cost - cutting synergies or it may take longer than expected to achieve those synergies, and other factors.
Without getting into a great deal of song and dance about a side topic, I'll just say that I believe our GDP growth would explode as
companies rushed to establish operational headquarters in the US, and the
changes in the individual income tax codes would have a chilling
effect on both the Wall Street money churners (people would be rewarded for going long with their investments instead of shuffling money around to chase pennies) and the out - of - control executive compensation
at the expense of the long - term health of the
company.
Risks and uncertainties include without limitation the
effect of competitive and economic factors, and the
Company's reaction to those factors, on consumer and business buying decisions with respect to the
Company's products; continued competitive pressures in the marketplace; the ability of the
Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the
effect that product introductions and transitions,
changes in product pricing or mix, and / or increases in component costs could have on the
Company's gross margin; the inventory risk associated with the
Company's need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or
at all, of certain components and services essential to the
Company's business currently obtained by the
Company from sole or limited sources; the
effect that the
Company's dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the
Company's international operations; the
Company's reliance on third - party intellectual property and digital content; the potential impact of a finding that the
Company has infringed on the intellectual property rights of others; the
Company's dependency on the performance of distributors, carriers and other resellers of the
Company's products; the
effect that product and service quality problems could have on the
Company's sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of other legal proceedings.
At the same time,
companies can boost or lower their cash reserves, which in
effect changes book value, but with no
change in operations.
Cornell said recent match suspensions and
changes at even some large
companies such as Motorola and NCR (see «NCR Reduces 401 (k) Match» and «Motorola Freezes Pension, Suspends 401 (k) Match «-RRB- could potentially have a negative
effect on participation.
EcoPlanet is the first
company to successfully industrialize bamboo, providing a proven model of successful ecosystem restoration
at scale, converting thousands of acres of degraded land back into fully functioning ecosystems, reversing the negative
effects of global climate
change and providing thousands of marginalized people with the potential to
change their own lives in areas of the world where few opportunities exist, all while reducing deforestation and forest degradation through the provision of a sustainable alternative fiber for timber and fiber manufacturing industries.
This is a speech to a 1982 gathering of climate scientists
at the Lamont - Doherty Geophysical Observatory by Dr. E. E. David, Jr., president of the Exxon Research and Engineering
Company, regarding the «greenhouse
effect,» i.e. climate
change, and the importance of scientific research in figuring out how to respond to it — how to «invent -LSB-...]
But it's hard to see how an insurance
company can have had more success than «the world's 2500 top climate scientists»
at isolating the
effect of climate
change on the occurrence of severe weather events.
It's certainly hard to see how an insurance
company can have had more success than «the world's 2500 top climate scientists»
at isolating the
effect of climate
change on the occurrence of severe weather events.
Hurricane Katrina is a reminder to the U.S. insurance industry,
companies, governments and the general public that all are
at risk from escalating losses from hurricanes and other weather - related events due to climate
change resulting from the
effects of global warming, according to a new report released by the Ceres investor coalition.
She is adept not only
at designing and implementing policy but also
at helping
companies to
effect behavioral
change.
Over
at the always interesting blog, The Last Honest Lawyer, Mike Ayotte, an attorney who provides legal billing audit and analysis to
companies and individuals, features a post that I wrote about the
changing legal landscape, its
effect on BigLaw, and how the
changes create new opportunities for solo and small firm lawyers.
With
effect from April 1, 2012, Service Tax Rate has been
changed to 3.09 % on first year premium and 1.545 % on subsequent year premium for traditional endowment & annuityA contract sold by a life insurance
company that provides fixed or variable payments to a recipient, either immediately or
at a future date.
• First - hand experience in collecting and summarizing timekeeping information to ensure correct payroll processing activities • Track record of accurately calculating garnishments and commissions and efficiently posting them to payroll systems • Competent
at handling sophisticated payroll systems and databases by following state and federal rules and regulations • Proficient in calculating and depositing payroll taxes and processing employment verifications to ensure accurate payroll procedures • Adept
at maintaining payroll information by collecting, calculating and entering payroll data into predefined
company systems • Competent in determining payroll discrepancies and taking effective measures to ensure that they are corrected before they have an adverse
effect on the system • Qualified to prepare payroll reports by compiling summaries of earnings, taxes, deductions and nontaxable wages • Effectively able to update payroll information by recording
changes such as insurance coverage, loan payments and salary increases • Proven ability to address employees» pay - related concerns and queries by remaining within the confines of
company protocols • Hands - on experience in developing, maintaining and managing comprehensive payroll records by ensuring that both confidentiality and security of information is maintained
Dan Chiesa, vice president of national mortgage production
at Quicken Loans, says his
company has closed 3,800 loans since the
changes took
effect on Oct. 3.