Stated differently, assessing the fair valuation of a stock is comprised of and calculated based on past, present and
future operating results.
This press release contains «forward - looking statements,» including statements about Lexicon's growth and
future operating results, discovery and development of products, strategic alliances and intellectual property, as well as other matters that are not historical facts or information.
Our future operating results may be adversely affected by any conflicts that might arise between our various sales channels, the loss or deterioration of any alliance or distribution arrangement or the loss of retail shelf space.
Examples of forward - looking statements include, among others, statements we make regarding expected
future operating results, anticipated results of our sales and marketing efforts, expectations concerning payer reimbursement and the anticipated results of our product development efforts.
Not exact matches
Such statements include those regarding our expectations as to
future: financial position, liquidity, cash flows and
results of operations; business prospects; transactions and projects;
operating costs; operations and operational
results including capital investment and expected VCI; and budgets.
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 statements include, but are not limited to, statements about the continued demand for our product, the wind - down of ExpressJet's flying agreement with Delta, and the related removal from service and / or placement into service of certain aircraft, the scheduled aircraft deliveries for SkyWest Airlines for 2018, as well as SkyWest's
future financial and
operating results, plans, objectives, expectations, estimates, intentions and outlook, and other statements that are not historical facts.
Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual
results of current and
future exploration activities; the actual
results of reclamation activities; conclusions of economic evaluations; meeting various expected cost estimates; changes in project parameters and / or economic assessments as plans continue to be refined;
future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to
operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled «Risk Factors» in the Company's Annual Information Form for the year ended December 31, 2017 dated March 15, 2018.
We believe that adjusted diluted net income per share, adjusted net income, adjusted
operating income, adjusted
operating income margin and adjusted EBITDA are useful measures for investors to review, because they provide a consistent measure of the underlying financial
results of our ongoing business and, in our management's view, allow for a supplemental comparison against historical
results and expectations for
future performance.
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.
A growing business, however, has the advantage of using real
operating results to project
future growth.
Such statements may include, but are not limited to, statements about
future financial and
operating results, and other statements that are not historical facts.
Further,
results for the quarter ended March 31, 2018 are not necessarily indicative of
operating results for any
future periods.
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.
It is possible that, in
future quarters, our
operating results may be below the expectations of securities analysts and investors.
Such forward - looking statements include, but are not limited to, statements about the benefits of the proposed transaction, including anticipated
future financial and
operating results, synergies, accretion and growth rates, T - Mobile's, Sprint's and the combined company's plans, objectives, expectations and intentions, and the expected timing of completion of the proposed transaction.
FORWARD - LOOKING STATEMENTS; ADDITIONAL INFORMATION Certain statements in this document, including statements relating to the proposed combination of SolarCity Corporation («SolarCity») and Tesla Motors, Inc. («Tesla») and the combined company's
future financial condition, performance and
operating results, strategy and plans are «forward - looking statements» within the meaning of the Private Securities Litigation Reform Act of 1995.
As a
result of these factors, we believe that quarter - to - quarter comparisons of our
operating results are not necessarily meaningful and that these comparisons can not be relied upon as indicators of
future performance.
Accordingly, we believe that adjusted EBITDA provides useful information to investors and others in understanding and evaluating our
operating results, enhancing the overall understanding of our past performance and
future prospects, and allowing for greater transparency with respect to a key financial metric used by our management in its financial and operational decision - making.
Due to changes in the U.S., Irish, and other foreign taxation of such activities, we will likely have to modify our international structure in the
future, which will incur costs, may increase our worldwide effective tax rate, and may adversely affect our financial position and
operating results.
Important factors that may affect the Company's business and operations and that may cause actual
results to differ materially from those in the forward - looking statements include, but are not limited to,
operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we
operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators
operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of
future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
As a
result, we may not be able to secure additional financing in a timely manner, or at all, to meet our
future capital needs, which may have an adverse effect on our business,
operating results and financial condition.
Actual
results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the Merger Agreement, (c) the parties may fail to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that as a
result (a) BWW's business,
operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to
operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and
future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.
In the event that it is determined that we have in the past experienced an ownership change, or if we experience one or more ownership changes as a
result of this offering or
future transactions in our stock, then we may be limited in our ability to use our net
operating loss carryforwards and other tax assets to reduce taxes owed on the net taxable income that we earn.
Our quarterly and annual
operating results may be adversely affected due to a variety of factors, which could make our
future results difficult to predict and could cause our
operating results to fall below investor or analyst expectations.
PREVISIONI; ULTERIORI INFORMAZIONI Certain statements in this document, including statements relating to the proposed combination of SolarCity Corporation («SolarCity») and Tesla Motors, Inc. («Tesla») and the combined company's
future financial condition, performance and
operating results, strategy and plans are «forward - looking statements» within the meaning of the Private Securities Litigation Reform Act of 1995.
We believe that our continued investment in brand advertising and direct marketing will help us acquire new customers, grow our revenue and improve our
operating results; however, these investments may also delay our ability to achieve profitability or reduce our profitability in the
future.
This is the first time an autonomous vehicle
operating in self - driving mode has
resulted in a human death, and that has huge implications for the
future of AVs and their use on roads.
Calling unemployment a «fickle indicator,» the group warned that if Carney was wrong, «the bank could be required to backtrack on its guidance, with the likely consequence of reduced credibility, and as a
result, less scope to
operate monetary policy flexibly in
future.»
MLP funds accrue deferred income taxes for
future tax liabilities associated with the portion of MLP distributions considered to be a tax - deferred return of capital and for any net
operating gains as well as capital appreciation of its investments; this deferred tax liability is reflected in the daily NAV; and, as a
result, the MLP fund's after - tax performance could differ significantly from the underlying assets even if the pre-tax performance is closely tracked.
This press release contains forward - looking statements that are based on management's current expectations, assumptions and beliefs about its business, financial performance,
operating results, the industry in which it
operates and other
future events.
Note on forward - looking statements: This press release contains «forward - looking statements» within the meaning of federal securities laws, including the information concerning possible or assumed
future results of operations, business strategies, financing plans, potential growth opportunities, potential
operating performance improvements, benefits
resulting from the separation of Marriott International and Marriott Vacations Worldwide, and similar statements concerning anticipated
future events and expectations that are not historical facts.
Any fee increase at the border would negatively impact the county's partnership with Canada and, as a
result, have a major effect on how we
operate in the
future.
Such chains are predicted in
future to be allowed to
operate at a profit as long as they deliver
results and meet certain standards.
Operating like a well - run business, our school districts are well down the path to producing better
results, meeting taxpayer expectations, and providing a better
future for students, families and the community.»
Instead, we continue to support you with an onsite service department, which
operates using only certified Ford parts - a combination that's sure to
result in many worry - free miles in your vehicle's
future.
Instead, we continue to support you with an onsite service department, which
operates using only certified Chrysler, Dodge, RAM parts - a combination that's sure to
result in many worry - free miles in your vehicle's
future.
Instead, we continue to support you with an onsite service department, which
operates using only certified Chrysler, Dodge, Jeep, RAM parts - a combination that's sure to
result in many worry - free miles in your vehicle's
future.
After a decade of
operating independently, TradeKing was purchased by Ally Financial in 2016, so changes to product offerings may expand in the near
future as a
result of the merger.
As Visteon exits chapter 11, the near to medium - term upside will likely be driven by a combination of 1) a couple of imminent, high probability catalyst's that should force the market to assign this company with a much more appropriate valuation on an absolute basis and relative to its peers and 2) various operational and financial enhancements that the company recently undertook while in bankruptcy should continue to yield visible and increasingly positive
operating results for the foreseeable
future.
The following data, together with a management reporting tax rate of 22 %, are used internally by the Company's management and Board of Directors to adjust the Company's GAAP financial
results in order to facilitate comparison of its
operating performance between periods and to better understand its core business and
future outlook:
Operating cost for electric cars is $ 0.50 to $ 0.75 per mile versus $ 0.10 for gasoline powered cars once battery replacement costs are included By 2020, Chinese PER CAPITA emissions will be higher than America's Does not believe that the 0.6 degree temperature rise to date is the West's «fault,» but does believe that China is the
future problem Whatever U.S. does about emissions reduction and what people do as individuals is totally trivial in face of the fact that China is adding huge amounts of coal fired generating capacity The most meaningful emissions reduction strategy today would be to convert China from coal to natural gas The claim that there are more frequent or more intense hurricanes and tornadoes as a
result of AGW is not scientifically supported We can reduce emissions, but it is important that we do the RIGHT things (and NOT the WRONG ones) Not worried about «peak oil;» coal can be converted to liquid fuel
Any plan to reduce emissions by, say, 5 % will (a) require concerted action from the management of the company to establish the company's baseline emissions, (b) require an outlay up front to finance initiatives and new technologies that will reduce emissions and (c) will likely
result in greater efficiencies and therefore impact
future operating expenses.
This section lists the different sorts of incidents that a person may encounter while owning and
operating a vehicle, what these incidents generally entail, and what can be expected to
result from the incident with respect to a person's driving record and
future car insurance prices.
This is the first time an autonomous vehicle
operating in self - driving mode has
resulted in a human death, and that has huge implications for the
future of AVs and their use on roads.
The
result is a stylus that works across the entire
operating system in a seamless fashion, meaning other companies could easily add a stylus to their Chromebooks in the
future without extra software work.
The regulated financial product, however, did not deliver the
results that most investors had expected, instead leading the Commodity
Futures Trading Commission (CFTC) to look into the «self - certified regime» through which the CFTC - regulated CBOE and CME were licensed to
operate.
Performed budgets, forecasts, financial analysis and systems implementations for 600 multi-site retail stores Implemented JD Edwards accounting package including Accounts Payable, Accounts Receivable, General Ledger and Fixed Assets Performed corporate consolidations and currency conversions expressly for the United Kingdom, Europe and the Asian countries including Japan Performed product line profitability and new product launch analysis including the sub $ 1,000 personal computer estimated to be 30 % of the 2000 annual
operating plan Created a five year strategic model including P&L, cash flow, and balance sheet that provided significant impact to the organizationâ $ ™ s
future growth and communication to the analyst community Developed financial statements and negotiated with portal and internet service providers to form Gateway.net and Gateway.com start up companies
resulting in 1 million subscribers Supervised a staff of ten full time financial analysts
As a
result of its work, TREB made a long - term commitment to the Feeding Our
Future children's breakfast program
operated in conjunction with the Toronto District School Board.