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During hearings spring [Phonetic] resulted in Rhode Island Coastal Resource Management Council approval of the project, we indicated that we would install 12 11-megawatt turbines in connection with this project.
We are making progress on the 2 larger projects as well.
In April, the Rhode Island Energy Facility Siting B... | We are in $0.77 per share for the quarter, including $0.02 per share of costs primarily relating to the transitioning of Eversource Gas Company of Massachusetts into the Eversource systems.
Excluding these costs, we earned $0.79 per share in the second quarter and $1.87 per share in the first half of 2021.
We continue ... |
And I'm confident that our disciplined approach to operating the business will result in our continued success throughout the balance of fiscal 2021.
Coupled with the cost reduction actions we recently implemented, USG delivered an adjusted EBITDA margin of nearly 25%, up from approximately 19% in the prior year's Q1.
... | And I'm confident that our disciplined approach to operating the business will result in our continued success throughout the balance of fiscal 2021. |
Our fourth quarter results are highlighted by 6% volume gains, including a 9% increase in the E&I segment and a 12% increase in W&P.
Customer demand was broad-based across the portfolio, led by greater than 20% volume growth in semiconductor technologies and high teens volume growth in Water.
Our top-line performance a... | Our teams have done an outstanding job monitoring our input costs and quickly translating that into price increases to remain price cost neutral for the year.
Today, we announced that our board has approved a 10% per share increase to our dividend, which is consistent with our commitment for a dividend payout in the ra... |
In the first quarter, Cullen/Frost earned $113.9 million or $1.77 a share compared with earnings of $47.2 million or $0.75 a share reported in the same quarter last year and $88.3 million or $1.38 a share in the fourth quarter of 2020.
Overall, average loans in the first quarter were $17.7 billion, an increase of 18% c... | In the first quarter, Cullen/Frost earned $113.9 million or $1.77 a share compared with earnings of $47.2 million or $0.75 a share reported in the same quarter last year and $88.3 million or $1.38 a share in the fourth quarter of 2020. |
Net earnings reached a record $1.2 billion, or $2.12 per diluted share.
This reflected an increase of $2.06 over last year as we mark the anniversary of the pandemic's initial impact on our business and really, the world.
Purchase volume grew 35% over last year, reflecting a 33% increase in purchase volume per account.... | Net earnings reached a record $1.2 billion, or $2.12 per diluted share.
Net interest income decreased 2% from last year. |
Our investment thesis centers on growing adjusted EBITDA dollars from $840 million in fiscal year 2021 to $1.2 billion to $1.3 billion in fiscal year 2025.
That's approximately a 50% increase.
We expect this increase to be accomplished through 5% to 8% annual organic revenue growth, adjusted EBITDA margins in the mid-1... | Gross revenue growth in the 7% to 10% range and adjusted diluted earnings per share in the range of $4.10 to $4.30.
At the top line, revenue increased 6.6% year over year to $2 billion, which includes approximately $117 million from inorganic contributions.
Revenue growth was slower this quarter for the following three... |
Today, we reported 2020 GAAP earnings of $1.99 per share and operating earnings of $2.39 per share.
This resulted in a charge of $0.15 per share in the fourth quarter.
Absent this charge, our 2020 operating earnings would have been $2.54 per share.
For now, we are focusing on this year and we have introduced 2021 opera... | For now, we are focusing on this year and we have introduced 2021 operating earnings guidance of $2.40 to $2.60 per share.
Today, we are providing 2021 operating earnings guidance of $2.40 to $2.60 per share and first quarter operating earnings guidance in the range of $0.62 to $0.72 per share.
Equity remains a part of... |
Now you should all be very familiar with those Zero Harm sustainability program by now under 10 pillars that fit within it across the ESG spectrum.
You'll recall that we stated that first half versus second half would be circa 40-60 split at the earnings per share level.
That has now shifted to the circa 45-55 split wi... | It is worth noting that the book-to-bill of heritage technology was 1.5 in the quarter.
I will pick up on Slide 11.
Revenues of $1.5 billion and $135 million of adjusted EBITDA are right in line with our fiscal 2021 guide of $6 billion top-line and 9% EBITDA margin. |
We further strengthened connections with customers, landing record new logos and delivering our fourth consecutive quarter with over $100 million of bookings.
Last but not least, we further strengthened our balance sheet by raising approximately $600 million of low coupon Swiss green bonds and over $1 billion of common... | Turning to our economic risk mitigation strategies on Page 11. |
And fourth, we struck a sweeping deal with Marriott that not only increased the NAV of our portfolio by $50 million but distinguishes DiamondRock's portfolio as the least encumbered by long-term management agreements among all full service public lodging REITs.
Although the environment required significant reductions i... | Third quarter adjusted FFO per share was a loss of $0.22 as compared to a loss of $0.20 in the second quarter.
No cash payment was associated with this agreement. |
With net sales for Q1 up by over 20% and net income up by a factor of six, I'm pleased with our overall results.
The bright spot for us was herbicides for corn, soybeans, fruits and vegetables, which recorded an increase of 86% in net sales and 60% increase in gross profit.
Further, our soil fumigants sales declined by... | With regard to our sales performance for the first quarter of 2021, the Company's net sales increased by 21% to $116 million as compared to net sales of $96 million at this time last year. |
In 2020, we achieved consolidated net income of $197.8 million and earnings per share of $1.81.
Last week, our Board approved our third consecutive annual dividend, raising the quarterly dividend per share from $0.33 to $0.34.
In addition, based on the utility's strong financial results, at year-end, HEI provided $2 mi... | Last week, our Board approved our third consecutive annual dividend, raising the quarterly dividend per share from $0.33 to $0.34. |
Through the first half of our fiscal year, our total case incident rate was 0.5.
During this time, we have achieved the lowest incident rate in Carpenter Technology's history and a 60% improvement year-over-year.
We have made further progress against this initiative in the second quarter and delivered $51 million of fr... | Net sales in the second quarter were $348.8 million.
Earnings per share for the quarter was a loss of $1.76 per share.
When excluding the impact of the special items, adjusted earnings per share was a loss $0.61 per share. |
Net sales for the second quarter of 2021 were $715.9 million, which is a 33.4% increase on a reported basis versus $536.9 million in Q2 of 2020.
On a currency-neutral basis, sales increased 27.5%.
And generally, we are seeing a continued gradual capacity improvement at both academic and diagnostic labs, which we estima... | Net sales for the second quarter of 2021 were $715.9 million, which is a 33.4% increase on a reported basis versus $536.9 million in Q2 of 2020.
Reported net income for the second quarter was $914.1 million, and diluted earnings per share were $30.32.
And finally, non-GAAP net income for the second quarter of 2021 was ... |
In the third quarter, Cullen/Frost earned $95.1 million or $1.50 per share compared with earnings of $109.8 million or $1.73 per share reported in the same quarter of last year and $93.1 million or $1.47 per share in the second quarter of this year.
Overall, average loans in the third quarter were $18.1 billion, up by ... | In the third quarter, Cullen/Frost earned $95.1 million or $1.50 per share compared with earnings of $109.8 million or $1.73 per share reported in the same quarter of last year and $93.1 million or $1.47 per share in the second quarter of this year. |
Our direct premiums earned growth of 15% in the third quarter was primarily driven by primary rate increases in Florida earning through the book.
We have now filed for more than 34% in primary rate increases in Florida over the past 18 months while simultaneously continuing to shape our underwriting risk with total pol... | EPS for the quarter was $0.64 on a GAAP basis and $0.63 on a non-GAAP adjusted basis, driven by a combined ratio improvement of 36.1 points for the quarter to 98.6%. |
For the third quarter, we earned $84.4 million of total revenue, an increase of 27.6%; $37.3 million of total Field EBITDA, an increase of 45% with total Field EBITDA margins improving 530 basis points to 44.2%.
Adjusted consolidated EBITDA improved $10.4 million or 60.1% to $27.7 million.
And our industry-leading adju... | For the third quarter, we earned $84.4 million of total revenue, an increase of 27.6%; $37.3 million of total Field EBITDA, an increase of 45% with total Field EBITDA margins improving 530 basis points to 44.2%.
Adjusted diluted earnings per share increased an impressive 82.1% to $0.51 in the quarter.
Next year, we exp... |
We commenced business operations more than 20 years ago, intent on protecting and serving our consumers in their most critical time in some of the most challenging coastal areas in the United States for natural disasters.
We entered this critical time in a position of strength with a debt-to-equity ratio of less than 2... | EPS for the quarter was $0.61 on a GAAP basis and $0.79 on a non-GAAP adjusted earnings per share basis. |
All of our 34 plants around the world are operating and we are meeting our customers' needs.
Overall, we estimate that COVID-19 impacted our sales by about 4% in the first quarter.
We were also impacted by Boeing temporary halting the 737 MAX production, which impacted sales by approximately 1%.
These were the two main... | We were also impacted by Boeing temporary halting the 737 MAX production, which impacted sales by approximately 1%.
These were the two main drivers of our volume decline in our pro forma comparisons.
Concerning gross margins, you may recall from our comments in the past that the combined gross margins of Quaker Houghto... |
This backdrop, coupled with active portfolio management, drove our strong performance to close out the year as we delivered an economic return of 5.1% for the quarter, ensuring a positive return for our shareholders for 2020 which is particularly notable given the historic disruption we all faced in March.
Our allocati... | We generated core earnings per share, excluding PAA, of $0.30, a decrease of 6% or $0.02 per share from the prior quarter.
Delving deeper into the GAAP results, we generated GAAP net income of $879 million or $0.60 per common share for Q4, down from $1 billion or $0.70 per common share in the prior quarter. |
Organic sales increased 3% with good underlying momentum and benefits from increased demand related to COVID-19.
Our third quarter net sales were $4.7 billion.
That's up 1% from year ago and includes a two-point drag from currency rates.
Volumes were up 2% and the combined impact of changes in net selling prices and pr... | Organic sales increased 3% with good underlying momentum and benefits from increased demand related to COVID-19.
Our third quarter net sales were $4.7 billion.
Volumes were up 2% and the combined impact of changes in net selling prices and product mix increased sales by 1%.
On the bottom-line, adjusted earnings per sha... |
We have focus and deliver on diversity within our Board and extended leadership team, which is now 50% and 43%, respectively.
We have launched aggressive 2030 and 2050 goals and improve our new product development process to address these goals.
And one of the things I am most proud of on behalf of our employees is gra... | Given the comp performance in Q2 and continued strong outlook, we're increasing guidance for 2021.
FX is expected to continue to be a low single-digit tailwind, and based on these revenue assumptions, we're increasing 2021 adjusted EBITDA guidance to $1.15 billion to $1.18 billion, which represents approximately a $30 ... |
In the first quarter, we generated record bottom-line results of 25.5 million of net income and $2.31 of diluted EPS.
Despite pressure from a combination of tax refunds and two stimulus payments in the quarter, our core small and large loan portfolio grew by $18 million, or 2%, over the prior-year period, and was down ... | In the first quarter, we generated record bottom-line results of 25.5 million of net income and $2.31 of diluted EPS.
We generated net income of 25.5 million and diluted earnings per share of $2.31, resulting from our growth initiatives, stable operating expenses, lower funding costs, and strong credit.
Turning to Page... |
In measured off-premise channels year-to-date through October 10, where our brand portfolio represents only 4.4 of the total industry volume, we've delivered more than 41% of the total industry volume growth, the highest by far of all brewers.
Four of our five major brands are growing depletions and gaining share in of... | Loss per diluted share was $4.76, a decrease of $11.27 per diluted share from the third quarter of 2020. |
While the economic impacts of the coronavirus pandemic were expansive, our business stood up to these challenges and we are in $799 million after-tax for the fourth quarter and over $1.1 billion for the full year.
While our revenues were down 4% year-over-year, our outstanding credit performance combined with the actio... | While the economic impacts of the coronavirus pandemic were expansive, our business stood up to these challenges and we are in $799 million after-tax for the fourth quarter and over $1.1 billion for the full year.
Earlier this week, our Board of Directors approved a new $1.1 billion share repurchase plan and we may beg... |
The addition of Barber-Nichols contributed $16.5 million in the quarter.
These two items made up approximately $10 million in lower revenue compared with last year.
We are pleased with our strategic expansion into the defense business evidence that with 58% of our quarterly revenue coming from this key market, while we... | Orders increased to $31.4 million up from $20.9 million in Q1, orders were split evenly between the Graham manufacturing business and Barber-Nichols. |
We delivered earnings per share of $0.50 a share and a return on tangible common equity of over 18% on an adjusted basis, despite the near-term headwinds that the industry is facing with continued pressure on short-term rates and strong competition given growing levels of excess liquidity and muted loan demand.
We gene... | We delivered earnings per share of $0.50 a share and a return on tangible common equity of over 18% on an adjusted basis, despite the near-term headwinds that the industry is facing with continued pressure on short-term rates and strong competition given growing levels of excess liquidity and muted loan demand.
That, c... |
Last year's results were $1.28 per share on net income of $66.3 million.
Although these results were below our internal expectations for the quarter due to the impact of extreme weather and timing, we remain confident in our ability to achieve our original guidance range of $3 to $3.30 per share.
As we highlighted earl... | Despite the negative impact due to the extreme winter weather conditions and lower-than-expected wind resources impacting ALLETE clean energy during the quarter, we remain confident in achieving our 2021 earnings guidance of $3 to $3.30 per share. |
On a per share basis, second quarter earnings were $4.09 compared to earnings per share of $0.43 last year and earnings per share of $0.55 for the second quarter of 2019.
During the second quarter of 2021, the company recorded adjustments to earnings, including $303 million of noncash gains related to our minority inve... | On a per share basis, second quarter earnings were $4.09 compared to earnings per share of $0.43 last year and earnings per share of $0.55 for the second quarter of 2019.
On a non-GAAP basis, earnings were $2.21 per share, up over 200% compared to earnings per share of $0.71 for the second quarter of last year and comp... |
Q2 revenue of $237.4 million declined 50 basis points on an organic basis versus the prior year, which excludes the effects of foreign currency.
By segment, North America revenues were up 1.3%, positively impacted by the women's health analgesics, Oral Care and ear and eye care categories, partially offset by lower cou... | Q2 revenue of $237.4 million declined 50 basis points on an organic basis versus the prior year, which excludes the effects of foreign currency.
For the full fiscal year '21, we anticipate revenue of approximately $925 million. |
In the fourth quarter of 2020, same-store revenues rose 3.4% as compared to the prior year quarter, primarily due to strong customer payment activity, improving lease portfolio size and higher retail sales.
Recall that our implementation of decisioning technology in the second quarter of 2020 effectively reduced new le... | Diluted earnings per share on a non-GAAP basis for the quarter increased 11.3% to $0.79 versus $0.71 in the prior year quarter, primarily due to the continuing strength of customer payment activity and reduced lease merchandise write-offs.
We currently expect total revenues in the range of $1.65 billion to $1.7 billion... |
Total births at the hospitals where we provided NICU services were up 2.8% on a same-unit basis, and our NICU days were up 5.6%.
Our revenue for the quarter of $493 million was above our internal expectations as was our adjusted EBITDA of $73 million.
Based on our results, we now expect that our 2021 adjusted EBITDA wi... | Our revenue for the quarter of $493 million was above our internal expectations as was our adjusted EBITDA of $73 million. |
Scott has been a key leader at Stepan for the past 28 years.
Adjusted net income was $42.4 million or $1.82 per diluted share, up 75% from $24.2 million or $1.04 per diluted share last year when we had the power outage at our Millsdale facility.
For the quarter, surfactant operating income was up 47% primarily due to i... | Adjusted net income was $42.4 million or $1.82 per diluted share, up 75% from $24.2 million or $1.04 per diluted share last year when we had the power outage at our Millsdale facility.
Adjusted net income for the first quarter of 2021 was at a record $42.4 million or $1.82 per diluted share, a 75% increase versus $24.2... |
Earnings from continuing operations were 232.9 million or $1.90 per diluted share on net sales of 2 billion.
Excluding the impact of a tax benefit related to an international reorganization, adjusted earnings from continuing operations were 199.2 million or $1.62 per diluted share.
CMC generated core EBITDA of 326.8 mi... | Earnings from continuing operations were 232.9 million or $1.90 per diluted share on net sales of 2 billion.
Excluding the impact of a tax benefit related to an international reorganization, adjusted earnings from continuing operations were 199.2 million or $1.62 per diluted share.
As Barbara noted, we reported record ... |
Fourth quarter adjusted net income was $33.1 million or $1.42 per diluted share, up 29% from $25.7 million or $1.10 per diluted share last year.
Adjusted net income for the full year was a record $132 million, up 11% from last year.
Board of Directors declared a quarterly cash dividend on Stepan's common stock of $0.30... | Fourth quarter adjusted net income was $33.1 million or $1.42 per diluted share, up 29% from $25.7 million or $1.10 per diluted share last year.
Adjusted net income for the fourth quarter of 2020 was $33.1 million or $1.42 per diluted share, a 29% increase versus $25.7 million or $1.10 per diluted share in the fourth q... |
For the fourth quarter 2020, Hilltop reported net income of $116 million or $1.35 per diluted share, representing an increase from the fourth quarter 2019 of $67 million or $0.81 per diluted share.
This included a final settlement from the sale of National Lloyds of $3.7 million or $0.05 per diluted share.
Return on av... | Hilltop produced income from continuing operations of $113 million or $1.30 per diluted share during the fourth quarter. |
Before turning the call over, I do want to remind everyone that due to the FCC's Anti-Collusion Rules related to the RDOF Auction and Auction 107, we will not be responding to any questions related to FCC Auctions.
As you can see on Slide 4, on September 30 TDS continued to have a strong financial position including $2... | As I commented earlier, total operating revenues were $1.027 billion, a slight decrease year-over-year. |
For the fourth quarter, we had adjusted earnings of 1.3 billion or $2.94 per share.
For the year, adjusted earnings were 2.5 billion or $5.70 per share.
Our 2021 combined workforce total recordable rate of 0.12 was more than 25 times better than the U.S. manufacturing average.
Last year, our strong cash flow generation... | For the fourth quarter, we had adjusted earnings of 1.3 billion or $2.94 per share.
Adjusted earnings were $1.3 billion or $2.94 per share. |
The U.S. drilling rig count in the third quarter was down over 70% from the previous year and 35% from the second quarter 2020 to the lowest levels on record.
Despite this collapse, Forum was able to limit our revenue decline to just 9% sequentially as our revenue from outside North America was up 14%.
We began to see ... | Net loss for the quarter was $22 million, or $0.19 per diluted share. |
Our fourth quarter adjusted FFO is $0.77 per share and funds available for distribution are $0.72 per share.
We have maintained our quarterly dividend of $0.67 per share.
Dividend payout ratio continues to have cushion at 87% of adjusted FFO and 93% of funds available for distribution.
One interesting item is that in D... | Our fourth quarter adjusted FFO is $0.77 per share and funds available for distribution are $0.72 per share. |
Also note that both our adjusted results and full year guidance exclude our build-to-print actuation product line that supported the 737 MAX program as well as our German valves business, which was classified as held for sale in the fourth quarter of 2020.
We experienced a strong 12% increase in overall sales, of which... | Adjusted diluted earnings per share was $1.88 in the third quarter, which was slightly above our expectations due to the strong operational performance and the benefits of our consistent share repurchase activity.
We achieved 13% growth, and book-to-bill exceeded onetime sales, driven by increases within each of our th... |
We entered the pandemic year from a position of strength following 11 consecutive quarters of comp sales growth in our footwear businesses.
First, revenue and operating profit exceeded pre-pandemic levels, increasing 9% and 125%, respectively, over Q1 Fiscal '20 two years ago, even with our stores opened for a little l... | Next, higher operating profit, combined with pre-pandemic share repurchases delivered outstanding Q1 earnings per share of $0.79, compared with a loss of $3.65 last year with positive earnings per share of $0.33 two years ago, all on an adjusted basis.
We sustained last year's 64% growth and added another 43% on top of... |
The yield curve does continue to surreptitiously steepen as the 10-year backed up 23 basis points in the fourth quarter and another almost 45 since year end.
With two 10s at approximately 125 basis points, this hardly qualifies as a steep yield curve by historical standards, but it has steepened by about 45 basis point... | We reported GAAP earnings of $0.08 per share in the fourth quarter.
Net income to common shareholders was $37.6 million or $0.08 per share. |
Our myopia management portfolio continued to strengthen, including MiSight growing 82% to 3 million and CooperSurgical posted a very strong quarter with Paragard growing 16% and fertility 10%.
Regarding the quarter and reporting all percentages on a constant currency basis, even with continuing COVID challenges, we pos... | Non-GAAP earnings per share were $3.17.
Non-GAAP earnings per share was $3.17 with roughly 49.7 million average shares outstanding.
Non-GAAP earnings per share is expected to be in the range of $12.90 to $13.10. |
By the way of background for those who may be unfamiliar, I have been with EnPro for the better part of 12 years.
I know as well as anyone that the success of our organization is built on the hard work, dedication and tireless execution and commitment of our 4,400 employees around the world.
In the second quarter, sale... | As reported, sales of $298.6 million in the second quarter increased 20.9% year over year.
Adjusted diluted earnings per share of $1.56 increased 77.3% compared to the prior-year period.
We expect adjusted diluted earnings per share from continuing operations to be in the range of $5.16 to $5.50, up from a range of $4.... |
We further strengthened connections with customers with $156 million of new bookings with record results in both a zero to 1 megawatt and greater than a megawatt category and ended the year with $500 million in new bookings, a 15% increase over the prior year.
And finally, we continue to strengthen our balance sheet by... | In terms of earnings growth, fourth quarter core FFO per share was up 4% year over year and up 1% sequentially, driven by solid operational execution, cost controls and a reduction in financing costs due to proactive balance sheet management over the past 12 months.
Looking ahead to 2022, we expect core FFO per share w... |
We also entered our second half of fiscal 2020 with a strong balance sheet, having reduced outstanding debt by $115 million over two years, post our acquisition of FCX, with net leverage down to our stated target of 2.5 times.
Consolidated sales decreased 0.8% over the prior year quarter, excluding 3.2% growth contribu... | Segment sales were unusually weak during the month of December.
Reported earnings per share for the quarter was $0.97 per share compared to $0.99 per share in the prior year.
We expect additional tailwinds into the second half of fiscal 2020, as inventory levels declined from the second quarter ending position.
We are ... |
This strong foundation, coupled with other factors that benefited earnings, enabled us to deliver solid financial results for the second quarter, $0.45 per share compared to $0.39 per share in the same period last year, while achieving important progress on our long-term goals.
We're seeing the effects of reopening of ... | This strong foundation, coupled with other factors that benefited earnings, enabled us to deliver solid financial results for the second quarter, $0.45 per share compared to $0.39 per share in the same period last year, while achieving important progress on our long-term goals.
Consolidated earnings per share were $0.4... |
In a year of closures and shutdowns, we opened our first virtual brand in over 1,000 restaurants by leveraging our technological infrastructure, It's Just Wings surpassed our $150 million target in our company-owned restaurants.
And along with the support of our franchise partners, It's Just Wings became more than $170... | These sales translated into solid earnings per share with fourth-quarter adjusted earnings of $1.68.
For example, we expect commodity and labor inflation percentages each in the mid-single digits with commodity inflation toward the lower end of the range. |
Adjusted operating revenues of $654 million increased 25% compared to the second quarter of 2020, while diluted adjusted operating income per share of $3.25 rose 33%.
ROAE also increased to 27.8% compared to 25.6% during the same quarter last year.
We attracted nearly 90,000 new recruits during the quarter.
More than 1... | Adjusted operating revenues of $654 million increased 25% compared to the second quarter of 2020, while diluted adjusted operating income per share of $3.25 rose 33%. |
I'm very pleased with our strong third quarter results, which saw EBITDA -- adjusted EBITDA increased over 165% compared to Q3 of 2020 and the record results we have posted for the first nine months of the year.
Adjusted EBITDA totaled $741 million thus far in 2021, compared to $261 million for the first nine months of... | In Q3, we had GAAP earnings per share of $0.47 per diluted share, compared to a loss of $0.18 in Q3 of last year. |
And that's the predominant theme today not just our growth in key metrics like rental revenue where we gained 22% year-over-year, but also the growth we see going forward.
Our companywide recordable rate remained below one again for the quarter and 11 of our regions worked injury-free in September.
We've grown our team... | I'll shift to adjusted EPS, which was $6.58 for the third quarter. |
In the current highly competitive environment, the strength of the Apollo Commercial Real Estate Debt platform again has proven to be incredibly beneficial as we have completed approximately $1.5 billion of new transactions for ARI through the first three quarters of the year.
We expect ARI loan origination totals for ... | Our distributable earnings for the quarter were $49 million and $0.35 per share, and GAAP net income available to common stockholders was $57 million or $0.38 per diluted share. |
As of May 4 we have had sadly 17 deaths and a total case load of 621 but also 16 days where new cases were in the single digits.
Post 9/11 and post the Great Recession tourism came back strongly.
And they believe that local economic activity will return by 35% to 45% in May and June and 75% by year-end.
And we remain c... | On slide nine our Q1 earnings were $0.31 per share compared to $0.42 per share in the prior-year quarter. |
For our combined Brokerage and Risk Management segments, we posted 17% growth in revenue, 10% organic growth and nearly 11% organic if you control for last year's large life sale that we've discussed frequently.
Net earnings growth of 22%, adjusted EBITDAC growth of 13%.
And we completed five new mergers in the quarter... | And if you add in the pending Willis Reinsurance merger, that number would be pushing $1 billion. |
This summer, we had 12 storms, with five having over 100,000 outages.
In an effort to accelerate our preventative maintenance, we are increasing our tree trimming workforce from 1,200 to almost 1,500 people, and our overhead line workforce from 850 to over 1,000 people.
We made the decision to invest an additional $70 ... | For 2022, we are providing an operating earnings per share early outlook range of $5.70 to $5.97 per share.
This translates into a $1.72 per share.
Overall, DTE earned $1.72 per share from continuing operations in the third quarter of 2021.
Our revised operating earnings per share guidance range for 2021 is $5.70 to $5... |
Our gross written premiums, excluding our captive business, grew by 16% in the fourth quarter and 10% for the full year.
Importantly, the overall P&C rate increase remained at 8% in the fourth quarter, consistent with the third quarter, leading to a full-year rate increase of 9%, which was well above long-run loss cost... | Pretax catastrophe losses in the quarter were $40 million or 2 points of the combined ratio, compared to $14 million in the prior year period.
As I mentioned before, core income was a record for the year increasing 50%, so a little over $1.1 billion or $4.06 per share, and net income for the year was just over $1.2 bil... |
Net income for the second quarter of 2021 included the after-tax cost related to the early retirement of debt of $53.2 million or $0.26 per diluted common share.
The after-tax amortization of the cost of reinsurance of $15.5 million or $0.08 per diluted common share, an after-tax impairment loss on the right-of-use ass... | So excluding these items, after-tax adjusted operating income in the second quarter of 2021 was $286.2 million or $1.39 per diluted common share compared to $250.1 million or $1.23 per diluted common share in the year ago quarter.
We showed a 13% increase year-over-year in after-tax adjusted operating income to $1.39 p... |
For the recent CBRE flash report, U.S. industrial net absorption totaled 100 million square feet in the first quarter.
This marks the first time ever that demand has exceeded 100 million square feet in consecutive quarters.
Net absorption also significantly exceeded first quarter completions of 57 million square feet.
... | Net refunds from operations were $0.46 per fully diluted share compared to $0.45 per share in 1Q 2020. |
We generated $14.3 million net income or $1.28 of diluted earnings per share as a result of continued quality growth in our loan portfolio, a strong credit profile, disciplined expense management and low funding costs.
We originated $359 million of loans in the fourth quarter, which was comparable to the prior year and... | We generated $14.3 million net income or $1.28 of diluted earnings per share as a result of continued quality growth in our loan portfolio, a strong credit profile, disciplined expense management and low funding costs.
We generated net income of $14.3 million and diluted earnings per share of $1.28, resulting from qual... |
Consolidated revenues improved 1% sequentially to $142 million with a 28% increase in international Fluids Systems and a 15% improvement in Industrial Solutions rental and service revenues, offsetting the previously anticipated pullback in Industrial Solution product sales that we discussed on our prior quarter call.
S... | Our net loss in the second quarter was $0.07 per share, which compares to a net loss of $0.06 per share in the first quarter and a net loss of $0.29 per share in the second quarter of last year, which included $0.09 of charges. |
This exceeded the upper end of our most recent guidance, which was $4.07 a share.
Across our generating fleet, we're targeting a 60% reduction in carbon emissions by 2025 and an 80% reduction by the end of 2030, all from a 2005 baseline.
In fact, by the end of 2030, we expect our use of coal for power generation will b... | We're confident that we can deliver our earnings guidance for 2022.
We're guiding, as you know, in a range of $4.29 a share to $4.33 a share.
This reduced the average interest rate of these notes from 4.5% to 2.2%.
And as Gale stated, for the full year 2022, we are reaffirming our annual guidance of $4.29 to $4.33 per ... |
Bookings were once again exceptional in Q3, building on strong growth in both Q1 and Q2 and bringing our year-to-date organic bookings growth to over 25% for the enterprise.
In fact, Q3 ending backlog for the enterprise is up more than 70% or approximately $2 billion from year-end 2020 with all three of our business se... | We expect the remaining balance to shift into 2022.
Asia also has record backlog, up nearly 20%.
We delivered another quarter of robust organic bookings growth, up 20% with growth across all segments and business units.
During the third quarter, with most of 2021 orders already in the backlog, we opened up our 2022 ord... |
For KAR overall we generated $585 million in revenue an increase of 40% from Q2 of last year.
We generated total gross profit of $252 million which represents 51.7% of revenue excluding purchased vehicles.
We generated $116.5 million of adjusted EBITDA which was a 46% increase compared to Q2 of last year.
Cash flow fro... | Operating adjusted net income per share of $0.15 was negatively impacted by a reduction in net unrealized gains on publicly traded securities and an increase in our effective tax rate to 44% primarily driven by nondeductible expenses related to the increased contingent consideration recorded for the CarsOnTheWeb acquis... |
Our lease-up occupancy exceeded 90%, a level many believe to be a best-case scenario in the early days of this pandemic.
Our rent collection rate improved to 97% in September, the first full month of the new academic year in most of our markets, from approximately 94% in Q2.
As we are not currently holding any discussi... | As we reported last night, total FFOM for the third quarter of 2020 was $45.2 million or $0.32 per fully diluted share. |
A recent International Air Transport Association report indicates domestic passenger market show improvement, but with demand still down 22% versus June 2019 levels.
Ryanair took delivery of its first 737 MAX 8200 and had positive feedback.
With 85% of Spirit's backlog associated with narrow-body aircraft, we believe w... | Turning to the 787 program.
Primarily driven by this issue, we have recognized a $46 million forward loss on the 787 program.
We reported earnings per share of negative $1.30 compared to negative $2.46 per share in the same period of 2020.
Adjusted earnings per share was negative $0.31 compared to earnings per share of... |
For the second quarter of 2021, net sales were $200.1 million and diluted earnings were $2.50 per share.
For the comparable prior year period, net sales were $130.3 million and diluted earnings were $1.05 per share.
For the first six months of 2021, net sales were $384.4 million and diluted earnings were $4.66 per shar... | For the second quarter of 2021, net sales were $200.1 million and diluted earnings were $2.50 per share.
Upon receiving the $1 quarterly dividend, shareholders will have received over $2.50 of dividends per share thus far in 2021. |
Clean is about decarbonizing our generation mix with our new goal to deliver 100% clean carbon-free energy by 2050.
First, we recently announced our goal to deliver 100% clean carbon-free electricity to customers by 2050.
This goal includes a near-term target of 65% clean energy with 45% coming from renewables by 2030 ... | For the fourth quarter of 2019, we earned $0.57 per share compared to $0.23 per share in the fourth quarter of 2018.
We continue to expect Pinnacle West's consolidated earnings for 2020 to be in the range of $4.75 to $4.95 per share. |
dicks.com for approximately 12 months.
We now expect to deliver comp sales of over 20% for 2021, and remain very confident in the long-term prospects of our business.
This allowed us to quickly capitalize on athlete needs and strong consumer demand throughout 2020, and deliver our full-year comp sales increase of nearl... | Consolidated same-store sales increased 12.2% on top of a 23.2% increase in the same period of last year, and a 6% increase in Q3 2019.
Driven by our strong sales and gross margin rate expansion, on a non-GAAP basis, our third quarter earnings per diluted share of $3.19, increased 59% over last year and 513% over Q3 20... |
We reported revenue of $230.1 million during the first quarter of 2021, which represents an increase of 17.1%, compared to $196.6 million during the first quarter of 2020.
We reported net income of $7.9 million or $0.24 per diluted share for the three months ended January 31, 2021, compared to $10,000 or $0.00 per dilu... | We reported revenue of $230.1 million during the first quarter of 2021, which represents an increase of 17.1%, compared to $196.6 million during the first quarter of 2020.
We reported net income of $7.9 million or $0.24 per diluted share for the three months ended January 31, 2021, compared to $10,000 or $0.00 per dilu... |
Given our strong start to the year, we're pleased to announce an increase in our guidance for 2021 core FFO by approximately 6% from a range of $2.55 to $2.62 per share to a range of $2.70 to $2.75 per share.
Our portfolio of 3,161 freestanding single-tenant retail properties continued to perform exceedingly well.
Occu... | Given our strong start to the year, we're pleased to announce an increase in our guidance for 2021 core FFO by approximately 6% from a range of $2.55 to $2.62 per share to a range of $2.70 to $2.75 per share.
Today, we also reported that AFFO per share was $0.76 per share for the first quarter, which is $0.07 per share... |
Earnings per share jumped 64% to a record $3.71 per share on a 66% increase in net income.
Sales grew 36% or nearly $500 million to a record $1.85 billion in sales for the quarter.
Gross profits increased 50% with gross margins expanding 220 basis points.
Operating income increased $88 million or 68% to $217 million.
A... | Earnings per share jumped 64% to a record $3.71 per share on a 66% increase in net income.
Sales grew 36% or nearly $500 million to a record $1.85 billion in sales for the quarter.
First, growth rates among active users of our technologies continues to outpace the growth rates of nonusers. |
The progress in our growth reinforces our belief that we can achieve our stated goals of increasing Ormat's combined geothermal energy storage and solar generating portfolio to more than 1.5-gigawatt by 2023.
While we continue to view 2021 is a buildup year in which we lay additional groundwork to accelerate our growth... | While we continue to view 2021 is a buildup year in which we lay additional groundwork to accelerate our growth.
We delivered net income attributed to the company stockholders of $13 million or $0.23 in the quarter compared to $23 million or $0.45 per share for the same quarter last year.
We expect total revenues betwe... |
National Fuel had an excellent second quarter with operating results of $1.34 per share, up 38% year-over-year.
In addition, last summer's Tioga County acquisition continues to exceed our expectations with gathering throughput and Appalachian production up over 45%.
Increased [Technical Issues] to $4.05 per share, at t... | National Fuel's second quarter GAAP earnings were $1.23 per share.
When you back out items impacting comparability, principally related to the premium paid for the early redemption of our $500 million December '21 maturity, our operating results were $1.34 per share, a significant increase over last year.
As it relates... |
Obviously, we're very excited after talking about it for 18 months to announce that we are both accelerating our first variable dividend payment into the third quarter this year as well as increasing the payment to reflect 75% of second quarter free cash flow.
When combined with the base dividend, total dividend paymen... | Similarly, on capital, it's unchanged at $2.95 billion to $3.25 billion, but we are seeing some inflationary pressure, although most of it is being offset by our efficiency improvements by the great work power of drilling and completions and facilities teams.
You can see with the increase in commodity prices, our forec... |
On a combined basis, these items had a net favorable impact on after-tax earnings of approximately $30 million during the second quarter of 2021.
Our cash generated from operating activities was $119 million during the second quarter of 2021 as compared to $1.45 billion during the same period in 2020.
The decline in ca... | As previously announced, we resumed our share repurchase program in the second quarter of 2021 after suspending it in April 2020 as the COVID volume surged for the first time. |
AAM sales for the second quarter 2021, were $1.28 billion, up approximately 149% compared to $515 million in the second quarter of 2020.
North American industry production was up approximately 130% according to third party estimates.
Light truck production was up 150% year-over-year.
AAM's adjusted EBITDA in the second... | AAM sales for the second quarter 2021, were $1.28 billion, up approximately 149% compared to $515 million in the second quarter of 2020.
AAM's adjusted earnings per share in the second quarter of 2021 was $0.29 per share compared to a loss of $1.79 in the second quarter of 2020.
Our revenue will be $5.3 billion to $5.5... |
We expect to realize the full savings by 2023.
We continue to make progress toward our goal of 25% smart and connected product sales by 2023.
In 2020, we reduced our water usage by 33% and our greenhouse gas emissions by 13%.
This past year, sales of our condensing boilers and water heaters reduced more than 110,000 me... | We expect to realize the full savings by 2023.
Sales of $467 million increased 38% on a reported basis and 32% organically, driven primarily by the global economic recovery. |
The company originated five first mortgage loans totaling $825 million, bringing year-to-date total originations to $1.4 billion.
More importantly, the commercial real estate transaction market remains robust, with Real Capital Analytics reporting 167% increase in second quarter volume versus last year.
Year-to-date, a... | GAAP net income available to common stockholders was $64 million or $0.42 per share. |
We were able to accomplish these goals and achieve superior results in the third quarter while approximately 60% of our workforce continue to work remotely.
For the third quarter, we generated record adjusted pre-tax title earnings of $528 million compared with $407 million in the year ago quarter and a 21.2% adjusted ... | Adjusted net earnings from continuing operations were $435 million or $1.48 per diluted share.
Excluding net recognized losses of $3 million, our Title segment generated $2.5 billion in total revenue for the third quarter compared with $2.2 billion in the third quarter of 2019.
All in, the Title business generated a 21... |
One of the ways we serve our communities is by helping fight hunger, this fiscal year, through our foundation, Darden provided $2.5 million to help our partners at Feeding America add refrigerated trucks for 15 food banks to support mobile pantry programs and distribution in communities facing high rates of food insecu... | Total sales for the second quarter were $2.3 billion, 37% higher than last year, driven by 34.4% same restaurant sales growth and the addition of 34 net new restaurants.
Diluted net earnings per share from continuing operations were $1.48.
As a result, restaurant level EBITDA margin for Darden was 18.8%, 230 basis poin... |
Some of the results the team produced include Funds From Operation, came in above guidance up 8.7% compared to fourth quarter last year.
This marks 31 consecutive quarters of higher FFO per share as compared to the prior year quarter, truly a long-term trend.
And for the year, FFO rose 8% to a record $5.38.
This repres... | FFO per share for the fourth quarter exceeded our guidance range at $1.38 per share, and compared to fourth quarter 2019 of $1.27 represented an increase of 8.7%.
Looking forward, FFO guidance for the first quarter of 2021 is estimated to be in the range of $1.37 per share to $1.41 per share and $5.63 to $5.73 for the ... |
Our current total economic return for the quarter was 7.2% on a quarterly basis, and we have generated a total economic return of 34.8% over the last four quarters, averaging 8% per quarter.
Most importantly, since this new era in history began in January 2020, we have outperformed our industry and other income-oriente... | For the quarter, we recorded a comprehensive income of $1.76 per common share, a total economic return of $1.38 per common share or 7.2%, and a core net operating income of $0.46 per common share.
Core net operating income to common shareholders sequentially improved this quarter to $0.46 from $0.45 in Q4, principally ... |
Guyana is positioned to become a significant cash engine as multiple phases of low cost oil development come online, which we expect will drive our portfolio breakeven Brent oil price below $40 a barrel by the middle of the decade.
In terms to preserving cash, at the end of March, we had [Technical Issues] billion cash... | Company wide net production averaged 315,000 barrels of oil equivalent per day, excluding Libya, which was in line with our guidance.
Bakken net production in the first quarter averaged 158,000 barrels of oil equivalent per day, which was below our guidance of approximately 170,000 barrels of oil equivalent per day.
An... |
Sales for the third quarter were $36.8 billion, up 9.8% from last year.
Comp sales were up 6.1% from last year with U.S. comps of positive 5.5%.
Diluted earnings per share were $3.92 in the third quarter, up from $3.18 in the third quarter last year.
As been the case for the last 18 months, the team is doing an outstan... | Sales for the third quarter were $36.8 billion, up 9.8% from last year.
Comp sales were up 6.1% from last year with U.S. comps of positive 5.5%.
Diluted earnings per share were $3.92 in the third quarter, up from $3.18 in the third quarter last year.
In the third quarter, total sales were $36.8 billion, an increase of ... |
Q1 revenue of $229.4 million declined 60 basis points on an organic basis versus the prior year, which excludes the effects of foreign currency.
EBITDA and earnings per share for the first quarter grew 12% and 32% respectively versus the prior year.
As I mentioned on the prior slide, first quarter fiscal '21 revenue de... | Q1 revenue of $229.4 million declined 60 basis points on an organic basis versus the prior year, which excludes the effects of foreign currency.
For the second quarter, we anticipate revenue of $225 million or more.
We also anticipate earnings per share of $0.70 or more in Q2. |
Additionally, we paid $11 million in fiscal 2020 and unconditional bonuses to our team members to provide further financial security.
Our team generated strong top line growth with sales increasing 3% to a record $2.5 billion all four segments delivered sales growth and achievement that hasn't been accomplished since 2... | Our team generated strong top line growth with sales increasing 3% to a record $2.5 billion all four segments delivered sales growth and achievement that hasn't been accomplished since 2016.
Incremental supply chain costs related to COVID-19 of $15 million were the primary reason for a $13 million decline in pre-tax ea... |
As I reflect back on the last 10 months, I can say with certainty that our results are a testament to our team's incredible hard work and to the resilience of our underlying business.
Just to give you a little color on the cadence of the quarter, our same-store funeral volumes were up 7% in October, then grew to 13% in... | And as a result of this surge late in the quarter, we finished the fourth quarter with adjusted earnings per share of $1.13 compared to $0.60 in the prior year, well above the range we provided to you in October.
Based on all these assumptions, we also believe adjusted earnings per share in 2021 will likely range betwe... |
It has also maintained our strong focus on sustainability, and Aptar was recently named among the Top 10 companies for reducing environmental impact by JUST capital, alongside Dell, IBM, Microsoft, MasterCard, and several other large companies.
As Stephan stated, for the first quarter, we reported sales growth of 8%.
w... | As Stephan stated, for the first quarter, we reported sales growth of 8%.
We reported earnings per share of $1.24, which is an increase of 48% over the prior year.
First quarter adjusted earnings per share excluding restructuring expenses, and the gain on the equity investment increased 10% to $1.09 per share on a comp... |
Q3 adjusted EBITDA was $102.1 million with a margin of 12.8% for the quarter and that brings our last 12 months adjusted EBITDA to $467 million, up meaningfully from 2020.
We achieved positive net income in the quarter of $14.7 million and adjusted net income was a very strong $26.5 million in the quarter.
Further, I'm... | For Q3, total operating revenues were $800.2 million, a decrease of 1.8% as compared to the prior year quarter.
On a same-store basis, operating revenues increased 0.9% year-over-year. |
National Fuel's first quarter was a great start to our fiscal year, with operating results up 5% year-over-year.
Operationally, we had a really strong quarter, particularly at Seneca and NFG Midstream, where in spite of 4 Bcf of pricing-related curtailments, production and the associated gathering throughput was up 36%... | National Fuel's first quarter GAAP earnings were $0.85 per share when you back out items impacting comparability, including a ceiling test charge and the impact of a gain related to the sale of our timber properties, operating results were $1.06 per share.
Switching to our outlook for the rest of the year, we've revise... |
Continuing our long track record of delivering value for shareholders, NextEra Energy achieved full year adjusted earnings per share of $2.55, up more than 10% from 2020.
Over the past 10 years, we've delivered compound annual growth and adjusted earnings per share of approximately 9%, which is the highest among all to... | For 2022, we are now expecting our adjusted earnings per share to be in a range of $2.75 to $2.85, up from our prior range of $2.55 to $2.75.
For years 23 through 25, we expect to grow our adjusted earnings per share by roughly 6% to 8% per year off the expected 2022 adjusted earnings per share.
For the full year, grow... |
We had another outstanding performance in the third quarter earning $0.81 per share.
Total core revenues were $135 million, a 4% annualized increase compared to the second quarter.
Net interest income increased to $103 million, in part that benefited from a 17% decline in cost of funds.
Banking and financial services r... | We had another outstanding performance in the third quarter earning $0.81 per share. |
We're very pleased with our performance this quarter as we achieved earnings of $624 million, resulting in earnings per share of $0.65.
Adjusted pre-tax pre-provision income increased 4% sequentially.
People and businesses are continuing to move into our 15 state footprint and that bodes well for our growth prospects f... | We're very pleased with our performance this quarter as we achieved earnings of $624 million, resulting in earnings per share of $0.65.
Adjusted average and ending loans increased approximately 1% during the quarter.
With respect to capital, our common equity Tier 1 ratio increased approximately 40 basis points to an e... |
In the second quarter, revenue was $5.3 billion, up 31% year-over-year in constant currency.
Our operating profit for the quarter was $170 million, Operating profit was up significantly as we anniversary the depth of the pandemic's financial impact.
Operating profit margin was 3.2%.
And after excluding special charges ... | In the second quarter, revenue was $5.3 billion, up 31% year-over-year in constant currency.
Earnings per diluted share was $2.02.
Earnings per share was $2.02, which significantly exceeded our guidance range.
Compared to pre-pandemic levels, this represented a decrease of 4% from the second quarter of 2019 on an organ... |
For the full year, systemwide RevPAR declined 57% with adjusted EBITDA down only modestly, more illustrating the resiliency of our fee-based model.
For the quarter, systemwide RevPAR declined 59%, relatively in line with our expectations.
For the first quarter, overall trends so far appear to be similar to the fourth q... | For the first quarter, overall trends so far appear to be similar to the fourth quarter with modest increases in demand in the U.S., offsetting stalled recoveries in Europe and Asia Pacific.
During the quarter, systemwide RevPAR declined 59.2% versus the prior year on a comparable and currency-neutral basis as the pand... |
In addition, the FCC Spectrum Auction 110 results have been announced, but we're still in the quiet period, so we're limited in what we can say.
1.5 years ago, we began simplifying our business strategy to reposition AT&T for growth.
In Mobility, strong network performance and a consistent go-to-market strategy helped ... | HBO Max and HBO now reaches a base of 73.8 million subscribers globally.
Adjusted earnings per share for the quarter was $0.78.
Our strong subscriber momentum continues with industry-leading postpaid phone growth.
We added 271,000 fiber customers even in a traditionally slow fourth quarter.
WarnerMedia revenues were up... |
The company closed the third quarter with record sales of $2,818,000,000 and GAAP and adjusted diluted earnings per share of $0.67 and $0.65 respectively.
Sales were up 21% in U.S. dollars, 20% in local currencies and 13% organically compared to the third quarter of 2020.
Sequentially, sales were up 6% in U.S. dollars,... | The company closed the third quarter with record sales of $2,818,000,000 and GAAP and adjusted diluted earnings per share of $0.67 and $0.65 respectively.
GAAP diluted earnings per share was $0.67, an increase of 20% compared to $0.56 in the prior year period.
And adjusted diluted earnings per share was a record $0.65,... |
Reported revenue was up 27%, including organic growth of 15% on a comparable basis in local currency revenue as recovered to 97% of 2019 pre-COVID levels, supporting a strong recovery from the pandemic lows, even with the unanticipated continued shutdown of many economies, especially in Europe, Latin America and parts ... | And earnings came in at $1.18 per share, up 62% over 2020 and up 40% over the second quarter of 2019.
This is a $1.18 of earnings per share up $0.45 or 62% versus $0.73 in the second quarter last year. |
Together, we've collaborated through 30 functional integration teams to plan and execute a safe, effective and minimally disruptive transition of the Rhode Island operations.
These teams have built robust Day 1 integration plans to execute on identified business requirements; extracted transition service agreements tha... | These teams have built robust Day 1 integration plans to execute on identified business requirements; extracted transition service agreements that will be key to providing a stable, seamless transition for customers; redesigned critical business processes to enable the TSAs to effectively operate; designed a new Rhode ... |
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