«We are raising full year EPS guidance today due to the strength of
our underlying operating performance of our first two quarters, despite the challenges facing Walmart U.S. in the short term, and the current economy,» said Tom Schoewe, executive vice president and chief financial officer.
Not exact matches
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.
Management believes that organic growth is an important metric for measuring the
operating performance of our business as it helps identify
underlying business trends, without distortion from the effects of FX movements.
(2) The Company calculates non-GAAP
underlying pretax and after - tax income,
underlying effective tax rate,
underlying EBITDA and
underlying free cash flow results by excluding special and other non-core items from the nearest U.S. GAAP
performance measure, which is net income from continuing operations attributable to MCBC for both
underlying after - tax income and
underlying EBITDA and net cash provided by
operating activities for
underlying free cash flow.
The Company believes Adjusted EPS provides important comparability of
underlying operating results, allowing investors and management to assess
operating performance on a consistent basis.
Management uses certain of these non-GAAP measures, including Adjusted EBITDA and segment Adjusted EBITDA, as key metrics in the evaluation of
underlying Company and segment
performance, in making financial,
operating and planning decisions and, in part, in the determination of cash bonuses for its executive officers and employees.
«Combined with our ongoing productivity initiatives driven by the Honeywell
Operating System, and the strength of our
underlying portfolio, the actions we announced this quarter position Honeywell for future out
performance.»
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.
Unlike the software - heavy virtual machines, containers share the core of the
underlying operating system, which enables faster deployment of software programs without diminishing
performance.
Performance of the Fund may diverge from that of the
Underlying Index due to
operating expenses, transaction costs, cash flows, use of sampling strategies or operational inefficiencies.
On the other hand, adjusted
operating profit (of EUR 15.0 million) was up an astonishing 18 %, but this was flattered by some exceptional 2012 expenses (mostly bonus payments)-- I estimate
underlying operating profit fell marginally, which still amounts to an excellent
performance.
Operating at the intersection of film, animation, graphics,
performance and sound, Amorales's work has oscillated between abstraction and figuration, reality and fantasy, with little constancy beyond the
underlying notion of the «interface», or a system that connects graphic devices, often adding layers of metaphorical significance.
«That has really brought REITs back into the spotlight, largely because of their strong
underlying performance and
operating fundamentals providing the type of yield that a lot of investors are looking for right now,» says Edward Mui, a REIT equity analyst at research firm Morningstar.