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.
I
'm not sure that in the past year or, honestly, in the past decade or two, there has
been a single deal that will
be regarded as a more impactful transaction across multiple
industries and the entire omni - channel economy than Amazon's recently announced
acquisition of Whole Foods.
But what if you found a way to cut your customer
acquisition costs to a fraction of what
is typical for your
industry?
Actual operational and financial results of SkyWest, SkyWest Airlines and ExpressJet will likely also vary, and may vary materially, from those anticipated, estimated, projected or expected for a number of other reasons, including, in addition to those identified above: the challenges and costs of integrating operations and realizing anticipated synergies and other benefits from the
acquisition of ExpressJet; the challenges of competing successfully in a highly competitive and rapidly changing
industry; developments associated with fluctuations in the economy and the demand for air travel; the financial stability of SkyWest's major partners and any potential impact of their financial condition on the operations of SkyWest, SkyWest Airlines, or ExpressJet; fluctuations in flight schedules, which
are determined by the major partners for whom SkyWest's operating airlines conduct flight operations; variations in market and economic conditions; significant aircraft lease and debt commitments; residual aircraft values and related impairment charges; labor relations and costs; the impact of global instability; rapidly fluctuating fuel costs, and potential fuel shortages; the impact of weather - related or other natural disasters on air travel and airline costs; aircraft deliveries; the ability to attract and retain qualified pilots and other unanticipated factors.
Industry growth
is likely to come from organic sales and output, and
acquisitions.
Here, six thought leaders in customer
acquisition industry provide their recommendations for what a startup should
be focused on:
AT&T's $ 85.4 billion planned Time Warner
acquisition would
be a massive transaction with the potential to remake the media and telecommunications
industries, but the deal now faces some big obstacles.
The
acquisition was groundbreaking for Salesforce because this meant that through ExactTarget and Pardot the company would
be positioned to better serve the marketing
industry, regardless if buyers
were B2B or B2C, positioning Salesforce to become the next $ 10B company.
If the funder
is selling directly to merchants, given today's sky - high marketing costs,
acquisition can take a bigger chunk out of the 40 percent — more like 12 to 15 points (the
industry average cost of
acquisition for a $ 30,000 advance
is $ 2,600).
«This
acquisition will significantly expand our presence in the U.S. branded organic and natural foods
industry, where sales have
been growing at a 12 percent compound rate over the last 10 years,» said Jeff Harmening, General Mills executive vice president and chief operating officer.
Reclaim
Industries is set to
be reborn as a staffing technology company after completing a $ 6 million capital raising as part of its
acquisition of Rision.
Lawyer Roger Royse, whose California law firm specializes in representing agtech companies, tells Inc. that he thinks Blue River
is a prime
acquisition target, especially as the
industry consolidates.
The pace of
acquisition over the past two years has
been «aggressive and fast,» according to Vincent Romans, founder of the Romans Group, a collision repair
industry consulting firm based in Chicago.
This
is a guy who revolutionized the computer
industry by selling PCs directly to consumers, then spent billions on
acquisitions to give Dell a post-PC future.
These include restrictions on investments in the entertainment, real estate and hospitality sectors, and banned
acquisitions in the gambling and sex
industries (technology, resources, and agricultural purchases
are encouraged).
«We view the
acquisition by Patricia
Industries as a catalyst for Sarnova's next leap in becoming the very best company in specialty medical sales and distribution and
are excited that Water Street and Matt will continue to
be part of supporting our growth.»
If anything, the two companies
are widening their reach and consolidating the
industry through frequent
acquisitions.
And while the
industry is seeing some dividend increases, cash
is increasingly the currency of choice for
acquisitions, as equity multiples have
been crushed by global macroeconomic trends.
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.
The primary effect of the
acquisition is that the new company will have more clout with its
industry partners.
The Army's expedited APS effort
is being managed by a coordinated team of Tank Automotive Research, Development & Engineering Center engineers,
acquisition professionals, and
industry; it
is intended to assess current APS state - of - the art by installing and characterizing some existing non-developmental APS systems on Army combat vehicles, Army officials said.
Stephens said the AT&T
acquisition of Time Warner
is a «vertical integration» merger across
industries.
AT&T's chief financial officer, John Stephens, said on Nov. 8 that the
acquisition of Time Warner
is a «vertical integration» merger across
industries.
Bottom line, programmatic
is the direction that the online advertising
industry is moving, Pitz said, «so I look at this as an
acquisition that keeps them moving their business in a forward direction rather than keeping them behind.»
While the cryptocurrency
industry is still in fledgling stages — Bitcoin, whose price currently hovers just below $ 11,500,
was invented just over nine years ago — its explosive growth
is already fueling mergers and
acquisitions that could lead to greater consolidation.
But Munster, along with many other
industry - watchers, believes Apple's cash could also
be used on
acquisitions.
In a mature
industry like boxes,
acquisitions are the surest and fastest — maybe the only — route to rapid growth, and hence to the Centenaris» dream.
-- Loblaw Companies Ltd. (TSX: L)
is planning another
acquisition in the health - care
industry, offering $ 170 million to buy a B.C. - based company that provides secure medical records technology.
Given the
industry's fragmented nature,
acquisitions are the growth vehicle of choice for established c - store operators.
Whether it
was a new job, a merger or
acquisition, or even an
industry disruption, there used to
be a sense that the business world
was punctuated by change rather than pervaded by it.
The outdoor
industry has seen a lot of merger and
acquisition activity in recent years and MEC has not looked at what the implications have
been, Labistour said.
The inherent risk with such
acquisitions is that the parent company swallows up the scrappy upstart into what food
industry veteran Alan Murray calls «the machine» — a hidebound, groupthink corporate enterprise — rather than learning from its entrepreneurial culture.
The
acquisition, expected to close later this year, represents the online travel company;
s initial foray into the dining
industry.
ITA's flight search, pricing and reservation programs
were some of the most advanced in the
industry; at the time of Google's
acquisition of ITA in 2011, ITA
was licensing its software to major travel search companies like Orbitz, Kayak, TripAdvisor, and Bing Travel.
Readers
are cautioned that these forward - looking statements
are only predictions and may differ materially from actual future events or results due a variety of factors, including, among other things, that conditions to the closing of the transaction may not
be satisfied, the potential impact on the business of Accompany due to the uncertainty about the
acquisition, the retention of employees of Accompany and the ability of Cisco to successfully integrate Accompany and to achieve expected benefits, business and economic conditions and growth trends in the networking
industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent reports on Form 10 - K and Form 10 - Q.
The
acquisition is also a bet on the improving finances of the newly consolidated airline
industry and the economy in general, which Buffett has long
been positive on.
Adjusted Net Income
is defined as net income excluding (i) franchise agreement amortization, which
is a non-cash expense arising as a result of
acquisition accounting that may hinder the comparability of our operating results to our
industry peers, (ii) amortization of deferred financing costs and debt issuance discount, a non-cash component of interest expense, and (gains) losses on early extinguishment of debt, which
are non-cash charges that vary by the timing, terms and size of debt financing transactions, (iii)(income) loss from equity method investments, net of cash distributions received from equity method investments, (iv) other operating expenses (income), net, and (v) other specifically identified costs associated with non-recurring projects.
And simply lowering that wholesale
acquisition cost wouldn't assure that the savings would
be passed on to consumers by insurers, drug benefit managers, and other players in the convoluted American health care
industry.
The business, a cemetery and funeral - home company in Trevose, Pa.,
was in sound financial health, the
industry was rapidly consolidating, and Miller could envision profitable growth of up to 25 % a year — if he could raise enough capital to finance a series of key
acquisitions.
«That leads itself to an
industry where companies
are searching for growth, and they can improve their buying power through
acquisition,» he explains.
In the last few months, a number of the
industry's leading companies have
been acquired by or have made
acquisitions of smaller companies.
«What
is clear from the proposed deal
is that Sainsbury's and Asda
are very aware of a potential Amazon
acquisition in the UK supermarket
industry which
is why they
are looking for scale in order to safeguard their future.
Because of this growth, it
's also an
industry that
's the target of
acquisitions.
The
industry itself
is in an interesting spot; the growth in publicly traded restaurant names the past several years, which led to a glut of sorts, has
been supplanted by a rash of
acquisitions, many of them private equity.
The
acquisition was chilling for the US food retail
industry, which Amazon has so far failed to crack.
When the airline
industry was mired in bankruptcies a decade ago, we saw a huge wave of mergers and
acquisitions, and we should expect to see the same in the oil patch.
The Canadian
industry was salivating for it, of course, panting to use it for more mergers, foreign
acquisitions and payouts to shareholders.
The decline came as investors
were concerned about its future and the impact of Amazon's planned $ 13.7 billion
acquisition of supermarket chain Whole Foods Market Inc WFM.N amid a fast - expanding meal - kit
industry.
To
be sure, Walmart's potential
acquisition of Humana will not
be the last salvo in the realignment of the U.S. healthcare
industry.
About Boustead Securities, LLC Boustead Securities, LLC («Boustead»)
is an investment banking firm that executes and advises on IPOs, mergers and
acquisitions, capital raises and restructuring assignments in a wide array of
industries, geographies and transactions, for a broad client base.