Net income – DNZ Mladi http://www.dnz-mladi.com/ Tue, 30 Nov 2021 14:26:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.dnz-mladi.com/wp-content/uploads/2021/11/icon-13-120x120.png Net income – DNZ Mladi http://www.dnz-mladi.com/ 32 32 Western Investment Company files third quarter statements, reports net income of $ 331,655 for the quarter, $ 554,478 year-to-date https://www.dnz-mladi.com/western-investment-company-files-third-quarter-statements-reports-net-income-of-331655-for-the-quarter-554478-year-to-date/ Tue, 30 Nov 2021 13:30:00 +0000 https://www.dnz-mladi.com/western-investment-company-files-third-quarter-statements-reports-net-income-of-331655-for-the-quarter-554478-year-to-date/ High River, Alberta – (Newsfile Corp. – November 30, 2021) – The Western Investment Company of Canada Limited (TSXV: WI) (“WICC” or “Western”) announces that it has filed its third quarter financial statements and its MD&A on SEDAR. In a message to shareholders, WICC CEO Scott Tannas commented: “The companies in our portfolio were able […]]]>

High River, Alberta – (Newsfile Corp. – November 30, 2021) – The Western Investment Company of Canada Limited (TSXV: WI) (“WICC” or “Western”) announces that it has filed its third quarter financial statements and its MD&A on SEDAR.

In a message to shareholders, WICC CEO Scott Tannas commented:

“The companies in our portfolio were able to provide us with a 9% increase in investment income in the third quarter compared to the same period in 2020. While each of our five companies still face unique challenges, all reported an improvement in the operating environment and growing demand for their products and services.

Portfolio report

– Strong growth at Fortress insurance keep on going. Gross written premiums in the first 9 months of 2021 amount to $ 3.69 million, compared to $ 659,000 at the same time last year. The loss ratio for the last 12 months was 49.5% at the end of the summer season traditionally loaded with claims. Management continues to seek new opportunities in the insurance market in Western Canada, with an expansion plan in Ontario in the coming months.

– As we reported in T2, GlassMasters got off to a good start to their traditional spring / summer windshield replacement season, setting record sales in June. In the third quarter, momentum continued, with cumulative increases in sales (18%), EBITDA (8%) and net income (34%). The unusually warm weather in October and November extended the peak sales period beyond the traditional summer months and into the fourth quarter. GlassMasters’ inventory strategy has provided a significant advantage this season, and the management team is already executing a similar plan for 2022 to ensure a healthy supply of automotive glass from overseas suppliers. With its new Regina location already operating in the dark, the GlassMasters team is looking for additional expansion opportunities for the coming year.

Ocean sales Continues its remarkable recovery in the event of a pandemic with strong growth in sales from their online channel and their partnership with a big box retailer. In addition, sales were recorded in the third quarter thanks to a very promising home shopping channel pilot project – another example of innovation and the determination of the Ocean Sales team to succeed. They also report that their largest pre-pandemic sales channel – shows and mainstream exhibitions – begins to return in the fourth quarter with an almost normal schedule of events developing into 2022. Ocean Sales made solid profit in the third quarter with net income of $ 280,693 compared to a loss of $ 301,382 in the third quarter of 2020.

– Q3 results to The creamery of the buttresses were lower than expected due to supply chain issues with key ingredients, production delays and some one-time restructuring charges. In the third quarter, Foothills Creamery earned $ 186,913, down 28% from the previous year. Margins improved as unprofitable private label butter contracts were closed. Seasonal ice cream sales got off to a good start in the second quarter, but were reduced in the third quarter due to stockouts. It was frustrating for the team as there was a good backlog for Foothills products throughout the summer. CEO Bill McKenzie, who has now been in his role for 6 months, has identified a number of issues that need to be addressed in the coming months to ensure Foothills can meet the growing demand for its frozen dairy products in 2022 and beyond. beyond, while creating its own brand. butter sales. While we and our Foothills owner partners remain confident that the business is on the right track, there is still work to be done to regularly achieve higher levels of income and profitability.

-Till now in 2021, Gold health care recorded growth in revenue (3.9%) and net profit (19.6%) compared to the same period last year thanks to the improvement in occupancy and efficiency of the three homes for seniors in whom we have an investment. Golden’s team worked tirelessly throughout the recent ‘fourth wave’ and were able to maintain their remarkable performance of 100% patient recovery throughout the Covid 19 pandemic.

Outlook

Earlier this year, we announced our ambition to achieve the best year-end financial result in the five years of operating our business. We continue to strive to achieve our goal. We have strong teams running our five businesses. The business environment is improving despite some short-term challenges. We remain confident in our ability to move forward towards increasing growth and profitability as the economy continues to normalize.

I look forward to providing progress reports in the coming weeks. “

About the Western Investment Company of Canada Limited

Western is a unique, publicly traded private equity firm founded by a group of successful western Canadian businessmen dedicated to establishing and maintaining successful western businesses. Canadian and help them develop. Western shares trade on the TSX Venture Exchange under the symbol WI.

For more information on Western, please visit their website at www.winv.ca.

CONTACT INFORMATION – The Western Investment Company of Canada Limited

Scott Tannas President and CEO (403) 652-2663 stannas@winv.ca

Advisory

This press release may contain certain forward-looking information and statements, including, without limitation, statements relating to future plans, acquisitions, financings and returns. Statements containing the words “believe”, “intends”, “expects”, “plans”, “research” and “anticipates” and any other word with a similar meaning are forward-looking. All statements included in this document involve various risks and uncertainties as they relate to future events and circumstances beyond the control of Western. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of the assumptions used in developing such forward-looking information and a description of the risk factors that may cause actual results to differ materially from forward-looking information can be found in Western’s disclosure documents on the SEDAR website at address www.sedar.com. All forward-looking statements are made as of the date of this press release and Western does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105811


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BAS strengthens balance sheet and increases bottom line – The Royal Gazette https://www.dnz-mladi.com/bas-strengthens-balance-sheet-and-increases-bottom-line-the-royal-gazette/ Mon, 22 Nov 2021 21:33:00 +0000 https://www.dnz-mladi.com/bas-strengthens-balance-sheet-and-increases-bottom-line-the-royal-gazette/ Updated: 23 November 2021 at 07:57 Bermuda Aviation Services Limited and its subsidiaries reported net income from continuing operations of approximately $ 700,000 for the six-month period ended September 30, compared to $ 500,000 for the period ending September last year. BAS is the parent company of Weir Enterprises, Otis, BAS-FM and Eastbourne Properties Limited. […]]]>

Updated: 23 November 2021 at 07:57

Bermuda Aviation Services Limited and its subsidiaries reported net income from continuing operations of approximately $ 700,000 for the six-month period ended September 30, compared to $ 500,000 for the period ending September last year.

BAS is the parent company of Weir Enterprises, Otis, BAS-FM and Eastbourne Properties Limited.

The holding’s net income from continuing operations increased by around $ 200,000 despite the government-imposed intermittent shutdown of operations in certain sectors of the economy due to Covid-19.

Total comprehensive income attributable to shareholders of the company was $ 0.7 million for the six-month period, compared to a loss of $ 0.3 million for the period ending September 2020.

Revenues from continuing operations were $ 5.7 million for the period, a decrease of $ 0.6 million from the corresponding period, due to lower revenues for new construction elevators.

Total cost of operating revenues was $ 2 million, a decrease of $ 0.3 million, resulting in gross margins of $ 3.7 million compared to $ 4 million. dollars for the comparative period.

Margins continue to be affected by competition in various lines of business and increasing costs for materials and shipping, the company said.

Total operating expenses were $ 3.1 million for the period, a decrease of $ 0.3 million from the same period last year.

After the year ended, and in an effort to strengthen the balance sheet, the company fully repaid the remaining $ 1.6 million bank loan.

Earnings per share from continuing operations was $ 0.15 per share, compared to $ 0.02 per share last year.

The company said it had neither declared nor paid dividends during the period ended September 30, with directors deeming it prudent to strengthen the group’s balance sheet and financial position instead.

BAS Group: declared no dividends for the quarter, opting instead to strengthen the group’s balance sheet and financial position (File photo)


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THE BUCKLE, INC. ANNOUNCES NET EARNINGS IN THE THIRD QUARTER https://www.dnz-mladi.com/the-buckle-inc-announces-net-earnings-in-the-third-quarter/ Mon, 22 Nov 2021 13:11:20 +0000 https://www.dnz-mladi.com/the-buckle-inc-announces-net-earnings-in-the-third-quarter/ KEARNEY, NE-The Buckle, Inc. (NYSE: BKE) today announced that net income for the fiscal quarter ended October 30, 2021 was $ 62.2 million, Where $ 1.27 per share ($ 1.26 per share on a diluted basis). Net sales for the 13-week fiscal quarter ended October 30, 2021 increased by 27.3 percent for $ 319.4 million […]]]>

KEARNEY, NE-The Buckle, Inc. (NYSE: BKE) today announced that net income for the fiscal quarter ended October 30, 2021 was $ 62.2 million, Where $ 1.27 per share ($ 1.26 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended October 30, 2021 increased by 27.3 percent for $ 319.4 million net sales of $ 251.0 million for the 13-week fiscal quarter of the preceding fiscal year ended October 31, 2020. Comparable store net sales for the 13-week period ended October 30, 2021 increased 27.3 percent from comparable store net sales for the 13-week period of the previous year ended October 31, 2020. Online sales grew 9.0% to $ 50.5 million for the 13-week period ended October 30, 2021, compared to net sales of $ 46.4 million for the 13-week period ended October 31, 2020.

Net sales for the 39-week period ended October 30, 2021 increased by 56.9 percent for $ 913.7 million net sales of $ 582.4 million for the previous 39-week fiscal year ended October 31, 2020. Comparable store net sales for the 39-week period ended October 30, 2021 increased 56.7% compared to comparable store net sales for the 39-week period last year ended October 31, 2020. Online sales grew 18.7% to reach $ 147.7 million for the 39-week period ended October 30, 2021, compared to net sales of $ 124.4 million for the 39-week period ended October 31, 2020.

The net profit for the third quarter of fiscal 2021 was $ 62.2 million, Where $ 1.27 per share ($ 1.26 per share on a diluted basis), compared to the net income of $ 41.6 million, Where $ 0.85 per share ($ 0.85 per share on a diluted basis) for the third quarter of fiscal 2020.

Net income for the 39-week period ended October 30, 2021 was $ 170.9 million, Where $ 3.49 per share ($ 3.46 per share on a diluted basis), compared to the net income of $ 64.5 million, Where $ 1.32 per share ($ 1.32 per share on a diluted basis) for the 39-week period ended October 31, 2020.

Management will hold a conference call at 10:00 a.m. EST today to discuss the results for the quarter. To join the call, please dial (844) 291-6362 for national calls or (234) 720-6995 for international calls and reference conference code 3631906.

A replay of the call will be available for a period of two weeks starting today at 1:00 p.m. EST by calling (866) 207-1041 for national calls or (402) 970-0847 for international calls and entering the conference code 6269408.

About the loop

Offering a unique blend of high quality on-trend clothing, accessories and footwear, Buckle is aimed at fashion-conscious young men and women. Known as a denim destination, each store offers a wide selection of fits, styles and finishes from leading denim brands, including the company’s exclusive brand, BKE. Based at Kearney, Nebraska, Buckle currently operates 441 retail stores in 42 states. At the end of the fiscal quarter, it operated 441 stores in 42 states, compared to 446 stores in 42 states at the end of the third quarter of fiscal 2020.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve significant risks and uncertainties and are subject to change based on factors which may be beyond the control of the Company. . Accordingly, the Company’s future performance and financial results may differ materially from those expressed or implied in such forward-looking statements. These factors include, without limitation, those described in documents filed by the Company with the Security and Trade Commission. The Company does not undertake to update or revise any forward-looking statements publicly, even if experience or future changes clearly indicate that the projected results expressed or implied therein will not be achieved.

Note: Press releases and other information on The Loop, Inc. can be viewed at www.buckle.com on the Internet.

Financial tables to follow

LA BOUCLE, INC.

CONSOLIDATED STATEMENTS OF INCOME (Amounts in thousands, except amounts per share)

(Unaudited)

Thirteen weeks completed Thirty-nine weeks completed October 30, 2021 October 31, 2020 October 30, 2021

October 31, 2020

SALES, net of returns and indemnities $ 319,432 $ 251,005 $ 913,677 $ 582,443

COST OF SALES (including purchase, distribution and

occupancy costs) 158 366 134 055 463 039 345 286

Gross profit 161,066,116,950 450 638 237,157

OPERATING COSTS :

Sales 67 771 52 894 190 827 124 655

General and administrative 11 080 9 930 33 912 29 026

78 851 62 824 224 739 153 681

OPERATING RESULT 82 215 54 126 225 899 83 476

OTHER INCOME, net 192 1,020 465 1,998

PROFIT BEFORE TAX 82 407 55 146 226 364 85 474

TAX CHARGE 20 190 13 511 55 459 20 941

NET REVENUE $ 62,217 $ 41,635 $ 170,905 $ 64,533

EARNINGS PER SHARE:

Basic $ 1.27 $ 0.85 $ 3.49 $ 1.32

Diluted $ 1.26 $ 0.85 $ 3.46 $ 1.32

Core Weighted Average Equities 48,946 48,714 48,946 48,718

Diluted weighted average equities 49,362 48,987 49,338 48,941

LA BOUCLE, INC.

CONSOLIDATED RESULTS

(Amounts in thousands except for amounts per share and per share)

(Unaudited)

ASSETS	October 30,2021	January 30,2021 (1)	October 31,	2020

CURRENT ASSETS:

Cash and cash equivalents $ 468,733 $ 318,789 $ 331,923

Short-term investments 11,302 3,359 7,410

Receivables 5,629 2,823 1,763

Inventory 100 593 101 063 118 707

Prepaid expenses and other assets 11,771 11 190 21,749

Total current assets 598,028,437 224,481,552

TANGIBLE FIXED ASSETS 454 118 451 357 451 708

Less accumulated depreciation (354,834) (350,942) (349,411)

99 284 100 415 102 297

RIGHT OF USE IN OPERATIONAL LEASE 264 183 279 358 287 197

LONG-TERM INVESTMENTS 20 024 18 320 16 729

OTHER ASSETS 12 311 10 497 10 104

Total assets $ 993,830 $ 845,814 $ 897,879

LIABILITIES AND EQUITY

CURRENT LIABILITIES:

Accounts payable $ 63,518 $ 43,399 $ 57,629

Compensation payable of employees 49,473 35,865 23,611

Store operating expenses 30,789 20,303 23,096

Exchangeable gift certificates 11 146 14 279 12 093

Current portion of operating lease debts 84 365 81 762 78 860

Taxes payable 4 10 751 7 994

Total current liabilities 239 295 206 359 203 283

DEFERRED COMPENSATION 20,024 18,320 16,729

NON-CURRENT OPERATING LEASE LIABILITIES 208 707 224 506 235 463

Total liabilities 468,026,449,185,455,475

COMMITMENTS

EQUITY:

Ordinary shares, authorized 100,000,000 shares of $ 0.01 face value; issued and

exceptional; 49,783,381 shares to October 30, 2021, 49,407,731 shares in January

30, 2021 and 49,407,731 shares to October 31, 2020 498 494 494

Share premium 165,612 158,058 155,778

Retained earnings 359 694 238 077 286 132

Total equity 525 804 396 629 442 404

Total liabilities and equity $ 993,830 $ 845,814 $ 897,879

(1)	Derived from audited financial statements.


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The Buckle, Inc. Reports Third Quarter Net Income | Business https://www.dnz-mladi.com/the-buckle-inc-reports-third-quarter-net-income-business/ Fri, 19 Nov 2021 11:51:49 +0000 https://www.dnz-mladi.com/the-buckle-inc-reports-third-quarter-net-income-business/ KEARNEY, Neb – (BUSINESS WIRE) – November 19, 2021– The Buckle, Inc. (NYSE: BKE) today announced that net income for the fiscal quarter ended October 30, 2021 was $ 62.2 million, or $ 1.27 per share ($ 1.26 per share on a diluted basis). Net sales for the 13-week fiscal quarter ended October 30, 2021 […]]]>

KEARNEY, Neb – (BUSINESS WIRE) – November 19, 2021–

The Buckle, Inc. (NYSE: BKE) today announced that net income for the fiscal quarter ended October 30, 2021 was $ 62.2 million, or $ 1.27 per share ($ 1.26 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended October 30, 2021 increased 27.3% to $ 319.4 million from net sales of $ 251.0 million for the 13-week fiscal quarter of the prior year ended October 31, 2020. Comparable store net sales for the 13 weeks the period ended October 30, 2021 increased by 27.3% compared to net same store sales for the 13 weeks ended October 31 October 2020. Online sales increased 9.0% to $ 50.5 million for the 13-week period ended October 30, 2021, compared to net sales of $ 46.4 million for the period. 13 weeks ended October 31, 2020.

Net sales for the 39-week fiscal year ended October 30, 2021 increased 56.9% to $ 913.7 million from net sales of $ 582.4 million for the prior 39-week fiscal year ended on October 31, 2020. Comparable store net sales for the 39 weeks period ended October 30, 2021 increased 56.7% compared to comparable store net sales for the 39 week period ended October 31, 2020. Sales in line increased 18.7% to $ 147.7 million for the 39-week period ended October 30, 2021, compared to net sales of $ 124.4 million for the 39-week period ended October 31, 2020 .

Net income for the third quarter of fiscal 2021 was $ 62.2 million, or $ 1.27 per share ($ 1.26 per share on a diluted basis), compared to net income of 41.6 million dollars, or $ 0.85 per share ($ 0.85 per share on a diluted basis) for the third quarter of fiscal 2020.

Net income for the 39-week fiscal year ended October 30, 2021 was $ 170.9 million, or $ 3.49 per share ($ 3.46 per share on a diluted basis), compared to a net income of $ 64.5 million, or $ 1.32 per share ($ 1.32 per share on a diluted basis) for the 39-week period ended October 31, 2020.

Management will host a conference call at 10 am EST today to discuss the results for the quarter. To participate in the call, please call (844) 291-6362 for domestic calls or (234) 720-6995 for international calls and reference conference code 3631906. A replay of the call will be available during a period of time. two week period from today. at 1 p.m. EST by calling (866) 207-1041 for domestic calls or (402) 970-0847 for international calls and entering conference code 6269408.

About the loop

Offering a unique blend of high quality on-trend clothing, accessories and footwear, Buckle is aimed at fashion-conscious young men and women. Known as a denim destination, each store offers a wide selection of fits, styles and finishes from major denim brands, including the company’s exclusive brand, BKE. Based in Kearney, Nebraska, Buckle currently operates 441 retail stores in 42 states. At the end of the fiscal quarter, it operated 441 stores in 42 states, compared to 446 stores in 42 states at the end of the third quarter of fiscal 2020 .

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve significant risks and uncertainties and are subject to change based on factors which may be beyond the control of the Company. . Accordingly, the Company’s future performance and financial results may differ materially from those expressed or implied in such forward-looking statements. These factors include, without limitation, those described in documents filed by the Company with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, even if experience or future changes clearly indicate that the projected results expressed or implied will not be achieved.

Note: Press releases and other information about The Buckle, Inc. can be found at www.buckle.com on the Internet.

Financial tables to follow

LA BOUCLE, INC.

CONSOLIDATED INCOME STATEMENTS

(Amounts in thousands, except amounts per share)

(Unaudited)

Thirteen Weeks Completed

Thirty-nine weeks completed

October 30
2021

October 31,
2020

October 30
2021

October 31,
2020

SALES, net of returns and indemnities

$

319,432

$

251,005

$

913 677

$

582,443

COST OF SALES (including purchase, distribution and occupancy costs)

158,366

134,055

463,039

345,286

Gross profit

161,066

116,950

450 638

237,157

OPERATING COSTS :

Sale

67,771

52,894

190,827

124 655

general and administrative

11,080

9 930

33 912

29,026

78,851

62 824

224,739

153,681

REVENUE FROM OPERATIONS

82 215

54,126

225,899

83,476

OTHER REVENUES, net

192

1,020

465

1,998

INCOME BEFORE TAXES

82,407

55 146

226,364

85,474

INCOME TAX CHARGE

20 190

13,511

55,459

20,941

NET REVENUE

$

62,217

$

41 635

$

170,905

$

64,533

EARNINGS PER SHARE:

Basic

$

1.27

$

0.85

$

3.49

$

1.32

Diluted

$

1.26

$

0.85

$

3.46

$

1.32

Core weighted average stocks

48 946

48,714

48 946

48,718

Diluted weighted average equities

49 362

48,987

49 338

48 941

LA BOUCLE, INC.

CONSOLIDATED RESULTS

(Amounts in thousands except for amounts per share and per share)

(Unaudited)

ASSETS

October 30
2021

January 30
2021 (1)

October 31,
2020

CURRENT ASSETS:

Cash and cash equivalents

$

468 733

$

318 789

$

331 923

short term investments

11,302

3 359

7,410

Receivables

5 629

2 823

1,763

Inventory

100,593

101,063

118,707

Prepaid expenses and other assets

11,771

11 190

21 749

Total current assets

598,028

437,224

481 552

PROPERTY AND EQUIPMENT

454 118

451 357

451,708

Less cumulative depreciation

(354,834

)

(350 942

)

(349 411)

)

99 284

100 415

102,297

GOODS OF RIGHT OF USE OF THE OPERATIONAL LEASE

264,183

279,358

287,197

LONG-TERM INVESTMENTS

20,024

18,320

16,729

OTHER ASSETS

12 311

10,497

10 104

Total assets

$

993,830

$

845 814

$

897 879

LIABILITIES AND EQUITY

CURRENT LIABILITIES:

Accounts payable

$

63,518

$

43,399

$

57,629

Employee compensation payable

49,473

35,865

23,611

Store operating expenses

30 789

20,303

23,096

Redeemable gift certificates

11.146

14,279

12,093

Current portion of operating lease debts

84,365

81,762

78 860

Taxes payable on income

4

10,751

7,994

Total current liabilities

239,295

206,359

203,283

DEFERRED REMUNERATION

20,024

18,320

16,729

NON-CURRENT OPERATING LEASE LIABILITIES

208,707

224,506

235,463

Total responsibilities

468,026

449,185

455,475

COMMITMENTS

EQUITY:

Common shares, authorized 100,000,000 shares with a par value of $ 0.01; issued and in circulation; 49,783,381 shares as of October 30, 2021, 49,407,731 shares as of January 30, 2021 and 49,407,731 shares as of October 31, 2020

498

494

494

Premium

165,612

158,058

155,778

Retained earnings

359,694

238,077

286,132

Total equity for shareholders

525,804

396 629

442,404

Total liabilities and equity

$

993,830

$

845 814

$

897 879

(1) Derived from audited financial statements.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211119005195/en/

CONTACT: Thomas B. Heacock, Chief Financial Officer

The Loop, Inc.

(308) 236-8491

KEYWORD: NEBRASKA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FASHION DETAILS

SOURCE: The Buckle, Inc.

Copyright Business Wire 2021.

PUB: 11/19/2021 6:50 a.m. / DISC: 11/19/2021 6:51 a.m.

http://www.businesswire.com/news/home/20211119005195/en

Copyright Business Wire 2021.


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The Buckle, Inc. Reports Third Quarter Net Income | National company https://www.dnz-mladi.com/the-buckle-inc-reports-third-quarter-net-income-national-company/ Fri, 19 Nov 2021 11:51:41 +0000 https://www.dnz-mladi.com/the-buckle-inc-reports-third-quarter-net-income-national-company/ KEARNEY, Neb – (BUSINESS WIRE) – November 19, 2021– The Buckle, Inc. (NYSE: BKE) today announced that net income for the fiscal quarter ended October 30, 2021 was $ 62.2 million, or $ 1.27 per share ($ 1.26 per share on a diluted basis). Net sales for the 13-week fiscal quarter ended October 30, 2021 […]]]>

KEARNEY, Neb – (BUSINESS WIRE) – November 19, 2021–

The Buckle, Inc. (NYSE: BKE) today announced that net income for the fiscal quarter ended October 30, 2021 was $ 62.2 million, or $ 1.27 per share ($ 1.26 per share on a diluted basis).

Net sales for the 13-week fiscal quarter ended October 30, 2021 increased 27.3% to $ 319.4 million from net sales of $ 251.0 million for the 13-week fiscal quarter of the prior year ended October 31, 2020. Comparable store net sales for the 13 weeks period ended October 30, 2021 increased by 27.3% compared to comparable store net sales for the 13 week period ended October 31 2020. Online sales increased 9.0% to $ 50.5 million for the 13-week period ended October 30, 2021, compared to net sales of $ 46.4 million for the period 13 weeks ended October 31, 2020.

Net sales for the 39-week fiscal year ended October 30, 2021 increased 56.9% to $ 913.7 million from net sales of $ 582.4 million for the prior 39-week fiscal year ended on October 31, 2020. Comparable store net sales for the 39 weeks period ended October 30, 2021 increased 56.7% compared to comparable store net sales for the 39 week period ended October 31, 2020. Sales in line increased 18.7% to $ 147.7 million for the 39-week period ended October 30, 2021, compared to net sales of $ 124.4 million for the 39-week period ended October 31, 2020 .

Net income for the third quarter of fiscal 2021 was $ 62.2 million, or $ 1.27 per share ($ 1.26 per share on a diluted basis), compared to net income of 41.6 million dollars, or $ 0.85 per share ($ 0.85 per share on a diluted basis) for the third quarter of fiscal 2020.

Net income for the 39-week fiscal year ended October 30, 2021 was $ 170.9 million, or $ 3.49 per share ($ 3.46 per share on a diluted basis), compared to a net income of $ 64.5 million, or $ 1.32 per share ($ 1.32 per share on a diluted basis) for the 39-week period ended October 31, 2020.

Management will host a conference call at 10 am EST today to discuss the results for the quarter. To participate in the call, please call (844) 291-6362 for domestic calls or (234) 720-6995 for international calls and reference conference code 3631906. A replay of the call will be available during a period of time. two week period from today. at 1 p.m. EST by calling (866) 207-1041 for domestic calls or (402) 970-0847 for international calls and entering conference code 6269408.

About the loop

Offering a unique blend of high quality on-trend clothing, accessories and footwear, Buckle is aimed at fashion-conscious young men and women. Known as a denim destination, each store offers a wide selection of fits, styles and finishes from major denim brands, including the company’s exclusive brand, BKE. Based in Kearney, Nebraska, Buckle currently operates 441 retail stores in 42 states. At the end of the fiscal quarter, it operated 441 stores in 42 states, compared to 446 stores in 42 states at the end of the third quarter of fiscal 2020 .

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: All forward-looking statements made by the Company involve significant risks and uncertainties and are subject to change based on factors which may be beyond the control of the Company. . Accordingly, the Company’s future performance and financial results may differ materially from those expressed or implied in such forward-looking statements. These factors include, but are not limited to, those described in documents filed by the Company with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, even if experience or future changes clearly indicate that the projected results expressed or implied will not be achieved.

Note: Press releases and other information about The Buckle, Inc. can be found at www.buckle.com on the Internet.

Financial tables to follow

LA BOUCLE, INC.

CONSOLIDATED INCOME STATEMENTS

(Amounts in thousands, except amounts per share)

(Unaudited)

Thirteen Weeks Completed

Thirty-nine weeks completed

October 30
2021

October 31,
2020

October 30
2021

October 31,
2020

SALES, net of returns and indemnities

$

319,432

$

251,005

$

913 677

$

582,443

COST OF SALES (including purchase, distribution and occupancy costs)

158,366

134,055

463,039

345,286

Gross profit

161,066

116,950

450 638

237,157

OPERATING COSTS :

Sale

67,771

52,894

190,827

124 655

general and administrative

11,080

9 930

33 912

29,026

78,851

62 824

224,739

153,681

REVENUE FROM OPERATIONS

82 215

54,126

225,899

83,476

OTHER REVENUES, net

192

1,020

465

1,998

INCOME BEFORE TAXES

82,407

55 146

226,364

85,474

INCOME TAX CHARGE

20 190

13,511

55,459

20,941

NET REVENUE

$

62,217

$

41 635

$

170,905

$

64,533

EARNINGS PER SHARE:

Basic

$

1.27

$

0.85

$

3.49

$

1.32

Diluted

$

1.26

$

0.85

$

3.46

$

1.32

Core weighted average stocks

48 946

48,714

48 946

48,718

Diluted weighted average equities

49 362

48,987

49 338

48 941

LA BOUCLE, INC.

CONSOLIDATED RESULTS

(Amounts in thousands except for amounts per share and per share)

(Unaudited)

ASSETS

October 30
2021

January 30
2021 (1)

October 31,
2020

CURRENT ASSETS:

Cash and cash equivalents

$

468 733

$

318 789

$

331 923

short term investments

11,302

3 359

7,410

Receivables

5 629

2 823

1,763

Inventory

100,593

101,063

118,707

Prepaid expenses and other assets

11,771

11 190

21 749

Total current assets

598,028

437,224

481 552

PROPERTY AND EQUIPMENT

454 118

451 357

451,708

Less cumulative depreciation

(354,834

)

(350 942

)

(349 411)

)

99 284

100 415

102,297

GOODS OF RIGHT OF USE OF THE OPERATIONAL LEASE

264,183

279,358

287,197

LONG-TERM INVESTMENTS

20,024

18,320

16,729

OTHER ASSETS

12 311

10,497

10 104

Total assets

$

993,830

$

845 814

$

897 879

LIABILITIES AND EQUITY

CURRENT LIABILITIES:

Accounts payable

$

63,518

$

43,399

$

57,629

Employee compensation payable

49,473

35,865

23,611

Store operating expenses

30 789

20,303

23,096

Redeemable gift certificates

11.146

14,279

12,093

Current portion of operating lease debts

84,365

81,762

78 860

Taxes payable on income

4

10,751

7,994

Total current liabilities

239,295

206,359

203,283

DEFERRED REMUNERATION

20,024

18,320

16,729

NON-CURRENT OPERATING LEASE LIABILITIES

208,707

224,506

235,463

Total responsibilities

468,026

449,185

455,475

COMMITMENTS

EQUITY:

Common shares, authorized 100,000,000 shares with a par value of $ 0.01; issued and in circulation; 49,783,381 shares as of October 30, 2021, 49,407,731 shares as of January 30, 2021 and 49,407,731 shares as of October 31, 2020

498

494

494

Premium

165,612

158,058

155,778

Retained earnings

359,694

238,077

286,132

Total equity for shareholders

525,804

396 629

442,404

Total liabilities and equity

$

993,830

$

845 814

$

897 879

(1) Derived from audited financial statements.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211119005195/en/

CONTACT: Thomas B. Heacock, Chief Financial Officer

The Loop, Inc.

(308) 236-8491

KEYWORD: NEBRASKA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FASHION DETAILS

SOURCE: The Buckle, Inc.

Copyright Business Wire 2021.

PUB: 11/19/2021 6:50 a.m. / DISC: 11/19/2021 6:51 a.m.

http://www.businesswire.com/news/home/20211119005195/en

Copyright Business Wire 2021.


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The net income of NOW Corp. increases by almost 58% https://www.dnz-mladi.com/the-net-income-of-now-corp-increases-by-almost-58/ Thu, 18 Nov 2021 08:00:00 +0000 https://www.dnz-mladi.com/the-net-income-of-now-corp-increases-by-almost-58/ LISTED NOW Corp. saw its third-quarter net profit attributable to climb 57.7% to 7.05 million pesos from 4.47 million pesos in the same period last year, helped by an increase in non-operating income. In a stock exchange filing Tuesday, NOW Corp. said its total revenue – from services and sales – for the quarter fell […]]]>

LISTED NOW Corp. saw its third-quarter net profit attributable to climb 57.7% to 7.05 million pesos from 4.47 million pesos in the same period last year, helped by an increase in non-operating income.

In a stock exchange filing Tuesday, NOW Corp. said its total revenue – from services and sales – for the quarter fell 0.11% to P 47.53 million, from P 47.58 million in the same period last year.

Cost of sales and services for the quarter increased 1.4% to P25.34 million from P24.98 million previously, bringing the company’s gross profit to P22.19 million, up 1.8% from compared to P22.60 million in the same period a year ago.

The company’s operating expenses fell 2.4 percent to 14.88 million pesos in the third quarter of the year, from 15.24 million pesos in 2020.

He also reported “other income” of P2.6 million from P162 previously.

In September of this year, attributable net income of NOW Corp. fell 5.4% to 11.04 million pesos from 11.67 million pesos in the same period last year.

Meanwhile, the company’s total revenue for the January-September period increased 9.6 percent to 149.80 million pesos from 136.73 million pesos previously.

Service revenue increased 7.15% or 9.38 million pesos from 131.21 million pesos last year to 140.58 million pesos this year.

Service revenues primarily relate to broadband services and revenues generated by the company’s deployment of professionals to its customers to provide solutions and services related to information technology.

The company said its broadband and other services increased to 130.73 million pesos. Software licenses also increased to 9.22 million pesos.

“Due to the improved community quarantine, income from labor and IT resources has dropped to 9.85 million pesos,” NOW Corp noted.

Costs and expenses for the first nine months amounted to 136.08 million pesos, an increase of 18.71% from 114.64 million pesos for the same period last year.

“This was brought about by an increase in the cost of sales and services of P12.19 million or 17.68% from P68.92 million in 2020 to P81.10 million in 2021, while expenditure operating operations also increased by P 9.26 million or 20.26%, ”the company said.

The increase in operating expenses is explained by salaries and other benefits, professional fees, taxes and licenses, advertising and promotion, as well as communication and subscriptions.

NOW Corp. said he plans to strengthen the organization by “hiring the right talent, especially to join the telecommunications, media, information technology, product development and marketing teams.”

NOW Corp. closed unchanged at P1.70 each on Wednesday. – Arjay L. Balinbin


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Walmart’s quarterly net profit down nearly 40%; the retailer raises its forecast for the entire year https://www.dnz-mladi.com/walmarts-quarterly-net-profit-down-nearly-40-the-retailer-raises-its-forecast-for-the-entire-year/ Tue, 16 Nov 2021 18:15:41 +0000 https://www.dnz-mladi.com/walmarts-quarterly-net-profit-down-nearly-40-the-retailer-raises-its-forecast-for-the-entire-year/ Walmart, based in Bentonville, reported a consolidated net profit of $ 3.105 billion during the period and, although it was down 39.5% from the $ 5.135 billion reported a year ago, it remains better than what analysts expected. Company officials also said they were set to ring the holidays with inventories 11.5% higher than a […]]]>

Walmart, based in Bentonville, reported a consolidated net profit of $ 3.105 billion during the period and, although it was down 39.5% from the $ 5.135 billion reported a year ago, it remains better than what analysts expected.

Company officials also said they were set to ring the holidays with inventories 11.5% higher than a year ago.

The consensus estimate called for adjusted earnings per share of $ 1.40 for the quarter ending November 1. Walmart made adjusted earnings of $ 1.45 before deducting 33 cents from gains on stock investments and 67 cents from losses on debt repayment.

Total revenue reached $ 140.535 billion for the quarter, up 4.3% from a year ago. Walmart said the revenue growth was fueled by rising incomes for Sam’s Club and Walmart + members, and inflationary prices in certain categories.

“Our momentum continues with strong sales and profit growth globally. Our omnichannel goal is pushing digital penetration to record levels. We have gained market share in the grocery store in the United States, and more customers and members are returning to our stores and clubs around the world. Looking forward, we have the people, the products and the prices to provide a great holiday season for our customers and members, ”said Doug McMillon, CEO of Walmart.

Walmart has raised its forecast for fiscal 2022 which ends on February 1. The retailer expects US sales of 5%, excluding fuel, with adjusted earnings per share of $ 6.40, better than the $ 6.20 to $ 6.35 previously forecast by the company. Walmart also said capital spending for the year will be about $ 13 billion, below the $ 14 billion previously forecast. Much of this spending is aimed at building supply chain capacity with micro-distribution centers. The company said some of that work will be extended until fiscal 2023.

STORE SALES IN THE UNITED STATES
The big story for the retailer in the third quarter was 9.2% sales for its US operations, well ahead of the 6.2% forecast by analysts. Walmart said store visits increased 5.7% and average tickets increased 3.3% from the previous year. E-commerce contributed 0.1% to overall model store sales in the United States. Online sales are up 8% from a year ago. Walmart US reported sales of $ 96.6 billion in the period, up 9.3% from a year ago. Operating profit was $ 4.9 billion, up 5.9% year-over-year.

Walmart said it took early steps to alleviate supply chain backlogs by ordering earlier than usual, chartering ships, using less congested ports, working more shifts and increasing its own supply chain job with 50,000 new hires in the quarter to work 24 hours a day. Walmart US CEO John Furner said inventory levels were up 11.5% over the year. The holiday cycle was approaching and stores were well staffed with 150,000 new hires in the quarter for the seasonal surge.

The American activity saw sales growth of nearly 10% in grocery stores with an increase in market share. Sales by food categories increased $ 3.6 billion, the strongest quarterly growth in six quarters. Kath McLay, CEO of Sam’s Club, said the retail unit ordered seasonal products much earlier and saw it sell out faster than normal. Inventory is up 7.3% and member revenue has increased 11.3% due to increased number of new members and increased penetration of Plus members.

“We ordered 100% Halloween costumes this year and sold them out early,” McLay added.

Sam’s Club said third-quarter songwriting sales were up 13.9%, compared to 11.1% a year earlier. E-commerce sales contributed 1.7% to the company’s sales in the quarter, and more members shopped online for club pickup and delivery. Sam’s total sales were $ 19 billion, up 19.7% year-on-year. Sales pulls were up 11.1% and the average ticket was 2.6% higher than a year ago. Operating profit was $ 500 million in the quarter, up from $ 400 million a year ago.

Judith McKenna, CEO of Walmart International, said this segment of the business is also ready for holiday sales across countries with inventory levels rising 10.4% on average. International sales totaled $ 23.6 billion, up from $ 29.6 billion a year ago. Divestitures of businesses in the UK and Japan reduced revenues by $ 9.2 billion.

CHALLENGES OF INFLATION
Analysts ask Walmart to discuss the inflationary pressures it faces around the world and how that may continue to put downward pressure on operating margins next year.

“Sam Walton loved the fight against inflation and Walmart is also eager to take on it,” McMillon said. “We are asking suppliers to swim upstream and lower prices to try to gain market share when inflation increases. We have thousands of suppliers and some will be able to do that.

McMillon also said inflation isn’t something new to the retail titan, and while the US market doesn’t have to fight it so often, other countries where Walmart operates have. inflation year after year. He said the company had plenty of guns in its arsenal to help mitigate the impact on bottom lines. He said the Everyday Low Price (EDLP) model built into Walmart’s DNA will come in handy in times of inflation and deflation.

“We can keep prices low longer and keep them lower given our financial strength,” he told analysts on Tuesday.

SQUISHY MARGINS
Analysts were somewhat mixed on their conclusions from the conference call. Inflation has been the biggest elephant in the room and despite the optimistic tone of Walmart executives, the stock markets have focused on falling gross margin, which is seen as a large measure of profitability. Walmart’s consolidated gross profit rate declined 0.43% in the quarter, mainly due to higher supply chain costs, a higher mix of fuel business in the United States. United at low margins and a mix of changing international formats.

“The margins were a bit soft and will be exploited,” Morgan Stanley analyst Simeon Gutman said in a note to clients. However, sales “were strong and better than expected”.

Ben Bienvenu, analyst at Stephens Inc., also said the gross margin of 24.6% was also lower than expected. That said, he added that the results for the quarter were impressive and that the indications speak to Walmart’s ability to manage in a difficult supply chain environment.

“With Walmart’s US inventory up 11.5% ahead of the holidays, that should help allay concerns about the company’s ability to end the year strong. We reiterate our “buy” rating for the action, ”he noted. (Stephens provides investment banking services for Walmart from time to time and is compensated accordingly.)

Shares of Walmart (NYSE: WMT) fell more than 2.6% in intense trading mid-morning Tuesday. The shares were trading at $ 143, down from $ 3.91 per share with more sellers than buyers for the share. Over the past 52 weeks, the shares have traded between $ 126.28 and $ 153.66.

Analysts were not surprised by the stock’s bearish movement given declining margins and lingering inflationary pressures. Because Walmart has historically been a winner during times of inflation, Bienvenu and Gutman remain bullish on equities for the long haul.

NEW ISSUES
• 161 million: items now available for sale on the Walmart Marketplace.
• 3,300: The number of Walmart stores in the United States that offer same day delivery.
• $ 1.561 billion: Walmart’s average daily sales worldwide in the third quarter.


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Salama reports net profit of MAD 43.23 million in nine months – News https://www.dnz-mladi.com/salama-reports-net-profit-of-mad-43-23-million-in-nine-months-news/ Mon, 15 Nov 2021 16:31:48 +0000 https://www.dnz-mladi.com/salama-reports-net-profit-of-mad-43-23-million-in-nine-months-news/ Salama maintained its momentum with better operational performance, generating net technical income of MAD 122.5 million, up 0.75% year-on-year Salama’s subsidiaries in Egypt and Algeria also posted positive results, generating a combined profit of Dh 25 million for the nine months ended September 30, 2021. – Photo file Relative to staff Posted: Mon Nov 15, […]]]>

Salama maintained its momentum with better operational performance, generating net technical income of MAD 122.5 million, up 0.75% year-on-year



Salama’s subsidiaries in Egypt and Algeria also posted positive results, generating a combined profit of Dh 25 million for the nine months ended September 30, 2021. – Photo file

Relative to staff

Posted: Mon Nov 15, 2021, 8:31 PM

The Arab Islamic insurance company, listed as “Salama” on the DFM, on Monday reported net profit of 43.23 million dirhams for the nine-month period ended September 30, 2021.

The company also recorded net subscription income of MAD 122.5 million, an increase of 0.75% compared to the same period last year. This is the result of continuous measures to evaluate and restructure operations and processes and the related IT infrastructure to improve digital business opportunities, as well as a disciplined approach to underwriting.

“We are delighted to report the resilient financial performance of Salama for the nine month period. It reflects the chosen strategy that we are deploying and builds on the investments we have made to date to create sustainable and long-term value for our policyholders and shareholders. We confidently look forward to a stable final quarter of the year as SALAMA continues to accelerate its digitization efforts and streamline costs, ”said Jassim Alseddiqi, President of Salama.

Salama’s strategic focus on the local UAE market, where it sees the greatest potential for growth, has enabled the company to maintain its gross written contributions at Dh866.1 million during the nine-month period. months, demonstrating its operational excellence despite a changing environment.

Salama’s subsidiaries in Egypt and Algeria also posted positive results, generating a combined profit of Dh 25 million for the nine months ended September 30, 2021.

Salama recorded strong growth in net investment income, driven by a 19.60% increase in invested assets, from Dh 1.143 billion to Dh 1.368 billion in the third quarter of 2021, demonstrating the effectiveness of the strategy of investment made by the Board last year.

“Our performance in the third quarter reflects our team’s tireless efforts to adapt and meet the changing needs of our clients, the successful execution of board strategy and our focus on developing our digital capabilities. We have also adjusted our strategy to reflect recent regulatory developments, particularly with respect to strengthening our partnerships, exploring new cross-selling opportunities and diversifying our distribution channels – and we believe this will help to further develop our business and expand our customer base. “said Fahim AlShehhi, CEO of Salama.

Salama is the largest Sharia-compliant Takaful operator with an “AAA” level capital adequacy according to S&P. He remains committed to serving his partners and clients while improving shareholder returns in 2021 and beyond.

– business@khaleejtimes.com


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ArcelorMittal Reports Net Income of US $ 4,621 Million in September Quarter; AMNS India JV EBITDA at USD 551 million https://www.dnz-mladi.com/arcelormittal-reports-net-income-of-us-4621-million-in-september-quarter-amns-india-jv-ebitda-at-usd-551-million/ https://www.dnz-mladi.com/arcelormittal-reports-net-income-of-us-4621-million-in-september-quarter-amns-india-jv-ebitda-at-usd-551-million/#respond Thu, 11 Nov 2021 08:05:00 +0000 https://www.dnz-mladi.com/arcelormittal-reports-net-income-of-us-4621-million-in-september-quarter-amns-india-jv-ebitda-at-usd-551-million/ ArcelorMittal CEO Aditya Mittal said third quarter results were supported by maintaining a strong pricing environment, resulting in the highest net profit and lowest net debt since 2008. Global steel giant ArcelorMittal on Thursday reported net profit of $ 4,621 million (roughly Rs.34,430 crore) for the third quarter ended September 30, 2021, thanks to “a […]]]>
ArcelorMittal CEO Aditya Mittal said third quarter results were supported by maintaining a strong pricing environment, resulting in the highest net profit and lowest net debt since 2008.

Global steel giant ArcelorMittal on Thursday reported net profit of $ 4,621 million (roughly Rs.34,430 crore) for the third quarter ended September 30, 2021, thanks to “a still high pricing environment.” The company follows the January-December fiscal year.

“ArcelorMittal recorded a net profit for Q3 2021 of $ 4,621 million … against a net profit of $ 4,005 million for Q2 2021, and a net loss of $ 261 million for Q3 2020,” said the Luxembourg company in a press release. Sales in July-September amounted to $ 20.2 billion. During the period last year, sales amounted to $ 13.3 billion, the company said. Total steel shipments in the third quarter were 14.6 million tonnes (MT), down from 17.5 MT for the same period in 2020. Shipments were lower due to demand lower (in particular automotive) as well as production constraints and delays in shipping orders which should reverse in the last quarter. Gross debt decreased by $ 1 billion to reach $ 8.2 billion as of September 30, 2021.

ArcelorMittal CEO (CEO) Aditya Mittal said third quarter results were supported by a still strong pricing environment, resulting in the highest net profit and lowest net debt since 2008. “Despite the volatility that we continue to observe due to the continued presence and repercussions of COVID-19, this year has been very strong for ArcelorMittal.

“We have repositioned our balance sheet, we have reoriented ourselves towards a low carbon economy, we are developing strategically through high quality, high yield projects and we are returning capital to shareholders. We are aware of the challenges but excited about the opportunities that will exist for steel in the years to come and beyond, ”he said.

The outlook remains positive, underlying demand should continue to improve; and, although slightly outside recent highs, steel prices remain at high levels, which will be reflected in annual contracts for 2022, the CEO said. Sharing details of its JV company in India, ArcelorMittal said that AMNS India recorded earnings before interest, taxes, depreciation and amortization (EBITDA) of $ 551 million in the quarter under review, compared to $ 176 million it a year ago. The joint venture with Nippon Steel produced 1.9 MT of steel compared to 1.8 MT in the quarter of the previous year.

“In India, our joint venture with Nippon Steel continued to perform well despite the headwinds of rising energy prices and the pandemic. Steel production at Hazira increased further in the third quarter and the JV is progressing well with its expansion and vertical integration plans.

“As the pandemic continues to introduce above normal levels of volatility across the world, our confidence in India’s national steel industry and long-term economic growth prospects remain intact,” Mittal said. . AMNS India is a 60:40 joint venture between Luxembourg- based at ArcelorMittal and Nippon Steel of Japan. In 2019, the two foreign entities completed the acquisition of the Essar Steel Ltd plant located in Hazira, Gujarat, and later renamed it ArcelorMittal Nippon Steel (AMNS) India.

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Union Pacific: increase in net income, third quarter https://www.dnz-mladi.com/union-pacific-increase-in-net-income-third-quarter/ https://www.dnz-mladi.com/union-pacific-increase-in-net-income-third-quarter/#respond Fri, 29 Oct 2021 23:15:00 +0000 https://www.dnz-mladi.com/union-pacific-increase-in-net-income-third-quarter/ Union Pacific Corporation said in 2021 that its third-quarter net income was $ 1.7 billion, or $ 2.57 per diluted share. This compares to $ 1.4 billion, or $ 2.01 per diluted share, in the third quarter of 2020. UP successfully overcame global supply chain disruptions, a major bridge failure and additional weather events to […]]]>

Union Pacific Corporation said in 2021 that its third-quarter net income was $ 1.7 billion, or $ 2.57 per diluted share. This compares to $ 1.4 billion, or $ 2.01 per diluted share, in the third quarter of 2020.

UP successfully overcame global supply chain disruptions, a major bridge failure and additional weather events to produce strong quarterly revenue growth and financial results, said Lance Fritz, president, president and chief executive officer. management of Union Pacific.

Fritz said during the quarter, UP achieved solid base price gains, leveraged business development to produce a positive business mix, and generated productivity to offset stable volume. He said the company had set a quarterly fuel consumption rate record towards its goal of reducing absolute greenhouse gas emissions.

As we close 2021, we are committed to improving our safety performance and service products to help our customers and the entire supply chain meet the high demand for freight transportation. “

Third Quarter 2021 Finances vs. Third Quarter 2020
  • Operating revenue of $ 5.6 billion, up 13%.
  • Business volumes, measured by total revenue wagons, remained stable.
  • Union Pacific’s operating ratio of 56.3% improved 240 basis points. The increase in fuel prices had a negative impact of 140 basis points on the operating ratio.
  • Operating income of $ 2.4 billion increased 20%.
  • The company repurchased 8.6 million shares in the third quarter of 2021 at a total cost of $ 1.8 billion.
Operational performance for the third quarter of 2021 compared to the third quarter of 2020
  • Network operations hampered by wildfires and other weather events, reflected in the quarterly freight car speed of 195 daily miles per car, a decrease of 13%.
  • Quarterly locomotive productivity was 127 gross ton-miles (GTM) per power day, a decrease of 8%.
  • Quarterly labor productivity was 1,044 car kilometers per employee, an improvement of 5%.
  • The average maximum train length was 9,359 feet (1.77 miles long), an increase of 4%.
  • The fuel consumption rate, measured in gallons of fuel per thousand GTMs, improved by 1%.
  • Union Pacific’s reportable bodily injury rate year-to-date has deteriorated to 1 per 200,000 employee-hours, from 0.90 year-to-date.

© 2021 Le Bulletin de la Platte Nord. All rights reserved.


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