Management said regulatory review is progressing and it is optimistic about closing within the calendar year, with about USD 2 billion ofAcquisitionDebtto be raised. The board scrapped quarterly dividends to direct cash to buybacks, debt reduction and acquisitions. Debt fell to USD 496.9 million …
Power and Energy sales rose 18% to USD 8.78 billion and segment profit climbed 31% to USD 2.14 billion, a margin of 24.4%. Power generation external sales reached USD 3.42 billion, up 30%, and sales to users in the application grew 75% on turbines …
Total revenue, the sum of USD 88.3 million of net interest income and USD 61.0 million of noninterest income, was USD 149.33 million, below the consensus estimate of USD 158.85 million. Chief Executive Officer Eric Sprink said the quarter better reflects the underlyingEarningspower of …
Software subscription revenue was USD 281.5 million, or 96% of the total, and the company attributed about 8 points of growth to upgrades and expanded offerings at existing customers and about 2 points to new customers.Gross Profitincreased 13.0% to USD 218.0 million, lifting grossMarginto …
Net interest income rose USD 26.1 million, or 5.9%, on higher averageLoanvolumes and lower average costs on interest-bearing deposits and repurchase agreements. Average loans increased by USD 1.9 billion from the prior year period, while taxable-equivalent net interest margin widened 9 basis points to …
Total costs and expenses rose to USD 360.8 million from USD 318.1 million, and income before tax was USD 219.2 million compared with USD 265.7 million. Income tax expense was USD 53.9 million.
The company attributes the USD 133 million rise in net income mainly to a USD 170 million increase inLNGrevenues net of cost of sales, reflecting favorable pricing on volumes delivered. Volumes recognized as revenues were 378 trillion British thermal units, compared with 374 a …
Chief Executive Officer Jim Mintern said sustained oil price increases flowed through to energy, raw materials and haulage, and the company responded with commercial and operational measures. Americas Materials Solutions grewRevenue6% and Adjusted EBITDA 1%, with aggregates volumes up 2% and prices up 5%, …
Adjusted gross margin was 60.3%, up 180 basis points, helped by cost savings inSupplychain and distribution and by lower tariffs, partly offset by product mix from theDiversificationstrategy. The adjusted figure excludes USD 64 million ofTariffrefunds received in the quarter. GAAPGross Profitwas USD 689.7 million …
Recent acquisitions supplied much of the growth, and consolidated organic revenue climbed 10.2%. Chairman, Chief Executive Officer and President Joseph Armes said the first half set records for revenue, adjusted EBITDA, adjusted EPS and cash flow, and described the quarter as following a more …