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.
Fuel services revenue
increased 20 %, primarily
reflecting higher fuel costs passed through to customers.
Ryder ChoiceLeaseTM (lease) revenue
increased 5 %
reflecting a larger average fleet size and
higher prices on replacement vehicles.
Commercial rental performance improved due to
increased utilization
reflecting stronger demand and
higher pricing.
On the company's earnings call, chief financial officer Ruth Porat said that that
increase reflects the fact that mobile search and programmatic advertising have
higher TAC.
Taking that time away from work can drastically vacationing can drastically
increase our productivity by being able to
reflect on a
higher level that you usually wouldn't have the chance to do.
Citi said the target
increase was to
reflect a
higher implied valuation for DRB - Hicom's remaining Proton stake, a government grant accompanying the deal and the sale of a 51 percent stake in British sports - car brand Lotus to Geely for around 556 million ringgit, which was also part of the deal.
The others were the explosive growth of renewable energy sources, especially solar photo - voltaic energy; China's
increasing prioritization of cleaner energy; and the huge long - term rise in global electricity demand,
reflecting higher living standards in the emerging world — notably in the shape of demand for air conditioning.
The 2014 target
reflects our expectation that the stock market will have opportunity to move
higher over the course of next year, and turn in yet another double - digit
increase — albeit around half the size of this year's rally to date.
Non-compensation expenses of $ 1.5 billion
increased from $ 1.2 billion a year ago primarily
reflecting higher levels of business activity and costs associated with the U.K. bank levy.
Within program expenses, major transfers to persons were up $ 1.1 billion, primarily due to
higher old age security payments,
reflecting an
increase in the number of recipients and
higher inflation, as benefits are indexed to quarterly changes in the consumer price index, major transfers to other levels of government were up $ 0.6 billion,
reflecting legislative
increases; while direct program expenses declined by $ 0.2 billion, as lower «other transfer» payments more than offset
increases in departmental / agency operating costs.
The U.S. government on Monday said it would
increase by 3.40 percent on average 2019 payments to the health insurers that manage Medicare Advantage insurance plans for seniors and the disabled, a
higher - than - expected rise
reflecting a projection of
higher medical cost growth.
Among the major revenue components, personal income taxes
increased by $ 5.8 billion (primarily
reflecting a 4.8 %
increase in wages and salaries coupled with a progressive tax system), corporate income taxes were up $ 1.7 billion (corporate profits were up 15 % but the general tax rate declined from 18 % in 2010 to 16.5 % in 2011) and employment insurance (EI) premiums rose by $ 1.1 billion (both the EI rate and insurable earnings subject to the rate were
higher).
The
increase compared with the third quarter of 2010 primarily
reflected higher brokerage, clearing, exchange and distribution fees, principally
reflecting higher transaction volumes in Equities, and the impact of the U.K. bank levy (7) of approximately $ 100 million (included in other expenses).
The growth rate of potential output is expected to
increase gradually from 2.0 per cent in 2012 to 2.2 per cent in 2014,
reflecting higher trend productivity growth, before edging down to 2.1 per cent in 2015 (Table 2 - A).
The
higher revenues primarily
reflect higher employment insurance premium revenues in the short term and
increased personal income tax revenues in the last two years of the forecast period.
Of the $ 3.2 billion year - over-year improvement, budgetary revenues were up by $ 3.9 billion, primarily due to
higher personal income tax revenues (up $ 3.4 billion,
reflecting increases in employment and average wages) and employment insurance premiums (up $ 1.6 billion
reflecting higher premium rates and an
increase in maximum insurable earnings).
Net interest expense
increased 11 percent to $ 62 million
reflecting higher average interest rates on the debt portfolio.
We also have experienced, and may experience in the future, gross margin declines in certain businesses,
reflecting the effect of items such as competitive pricing pressures, inventory write - downs and
increases in component and manufacturing costs resulting from
higher labor and material costs borne by our manufacturers and suppliers that, as a result of competitive pricing pressures or other factors, we are unable to pass on to our customers.
Net interest expense
increased 14 percent to $ 32 million
reflecting higher average interest rates on the debt portfolio and
higher levels of debt.
Excluding items impacting comparability, adjusted EBIT decreased 10 percent to $ 819 million
reflecting a lower adjusted gross margin percentage, lower sales and
higher adjusted administrative expenses, partly offset by lower marketing and selling expenses and an
increase in adjusted other income.
Segment operating earnings declined from a loss of $ 3 million to a loss of $ 11 million,
reflecting a lower gross margin percentage driven primarily by an
increase in supply chain costs as well as
higher carrot costs.
Excluding the impact of currency, the
increase in Adjusted EBITDA
reflected incremental gains from cost savings initiatives (2) that were partly offset by a combination of factors that included
higher input costs, lower net sales as well as business investments in Rest of World markets.
Excluding the impact of currency, Segment Adjusted EBITDA
increased 3.6 percentage points, primarily
reflecting favorable pricing and lower overhead costs that were partially offset by
higher input costs in local currency.
Recent movements in the exchange rate have also been
reflected in indexes of trade prices; the export price index rose by more than 16 per cent over the past year, with
higher prices for base metals, chemicals, and petroleum aided by
higher world prices and
increased demand.
These positive earnings drivers were more than offset by the combined impact of several factors, including
increased energy - related provisions for credit losses, a 17 basis point decline in net interest margin, moderate growth of non-interest expenses, the addition of acquisition - related contingent consideration fair value changes
reflecting performance within CWB Maxium Financial (CWB Maxium),
higher preferred share dividends, and the 20 %
increase to CWB's income tax rate in Alberta.
PTPP earnings were 4 %
higher,
reflecting the combined benefits of very strong 4 % loan growth, a 32 %
increase in non-interest income and relatively stable net interest margin, partially offset by
higher non-interest expenses.
Compared to last quarter, net income available to common shareholders
increased 3 %,
reflecting the combined positive impacts of 9 %
higher other income and very strong loan growth, partially offset by an eight basis point reduction in net interest margin.
Production costs have
increased over the past half year, as a result of
higher raw materials prices, largely
reflecting a period of strong domestic and international demand.
The
increase in non-interest expenses primarily
reflects higher salaries and benefits, mainly resulting from hiring activity and the compensation changes described above, as well as
increased premises and other expenses to facilitate business growth.
Manufacturing export revenues
increased by around 4 3/4 per cent in the quarter, and are currently around 7 1/4 per cent
higher than a year ago
reflecting solid growth in volumes to most destinations.
Data from Access Economics indicate that the value of completed resource projects is set to rise significantly in 2004/05, and remain relatively
high in 2005/06,
reflecting large
increases across a range of commodities (Graph 41).
An assessment of the 10 - Year Treasury Note rate indicates that its
increase reflects a
higher 3 - month Treasury bill rate.
They are reviewed annually and sometimes
increased to
reflect higher house values.
Motor gasoline consumption is expected to
increase by 194,000 barrels per day (b / d), up 2.1 % from last summer,
reflecting higher real disposable income, substantially lower retail motor gasoline prices and
higher employment and consumer confidence.
The result is an
increase in short - term interest rates beyond what is currently
reflected in market expectations and the consensus view, leaving our 2 - year forecast a bit
higher at 1.75 %.
Total revenues
increased $ 1 million from the 2011 first quarter
reflecting higher rental revenues, cost reimbursements and resort management and other services revenues.
In contrast, corporate income tax revenues
increased by $ 772 million (1.9 %),
reflecting higher profits in a number of sectors.
The 0.3 percentage point
increase in headline CPI between December and January largely
reflected the 0.25 percentage point
higher contribution from energy prices as they swung from a decline in December to an
increase in January.
Resort management and other services revenues totaled $ 62 million, a 9 percent
increase over the second quarter of 2011,
reflecting higher management fees,
higher fees in connection with the company's Marriott Vacation Club Destinations program, and
higher ancillary revenues from food and beverage and golf operations.
We believe we continue to outpace the industry which, as we previously noted, is experiencing a slowdown as consumers are
increasing their allocations to investments — but also, based upon our data, they appear to be spending more,
reflecting a continued
high level of confidence.»
Total revenues
increased $ 3 million from the second quarter of 2011
reflecting higher rental revenues, resort management and other services revenues, and cost reimbursements.
-LRB-...) The strength of demand for eurozone «periphery» debt
reflected increased investor appetite for
higher - yielding government bonds as well as rising confidence in the creditworthiness of eurozone economies.
Incentive management fees
increased 18 percent
reflecting higher property - level profit due to worldwide REVPAR
increases and continued cost control, as well as international unit growth.
Outlook For the full year 2012, the company is
increasing its adjusted free cash flow guidance to
reflect the favorable terms of the notes receivable securitization, the impact of lower financing propensity which results in a
higher percentage of cash sales as compared to financed sales of vacation ownership products, as well as reduced real estate inventory needs.
The
increase in recipients
reflected higher unemployment.
The
increase reflected higher prices for wool as well as firmer beef prices which were boosted by a temporary shortage in the United States.
Major transfers to persons
increased by $ 1.0 billion on a year - over - year basis, with virtually all of the
increase attributable to
higher elderly benefits,
reflecting an
increase in the eligible population base and in average monthly benefits, which are indexed to inflation.
Major transfers to persons rose $ 0.8 billion (4.0 %), primarily
reflecting higher elderly benefits, due to an
increase in the eligible population and
higher average benefits, which are indexed to the Consumer Price Index on a quarterly basis.
While, in trend terms, the prices of these services tend to
increase more quickly than the overall CPI, the recent outcomes partly
reflect the relatively
high wage
increases in these sectors over the past year.