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Latest Generally Accepted Accounting Principles Stories

2014-07-24 08:22:51

SEATTLE, July 24, 2014 /PRNewswire/ -- Financial Highlights: -- Reported record second quarter net income, excluding special items, of $157 million - a 50% increase over the second quarter of 2013. -- Reported adjusted earnings per share of $1.13 per diluted share, a 53% increase over the second quarter of 2013 and ahead of First Call analyst consensus estimate of $1.11 per share. -- Earned net income for the second quarter under Generally Accepted...

2014-07-24 08:22:25

QUINCY, Ill., July 24, 2014 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) announces second quarter revenue and performance results. Second quarter highlights: -- Sales for second quarter 2014 were $523.7 million down 11.7 percent, compared to $593.3 million in the second quarter of 2013. -- Gross profit decreased 74.0 percent for second quarter 2014 to $22.6 million or 4.3 percent of net sales, compared to $86.7 million in second quarter 2013, or...

2014-07-24 08:22:23

WILMERDING, Pa., July 24, 2014 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) today reported record results for the 2014 second quarter, including the following: -- Second quarter sales were a record $731 million, 15 percent higher than the year-ago quarter, due to strong growth in both the Freight and Transit segments. -- Income from operations was a record $132 million, or 18.1 percent of sales, compared to 17.6 percent in the year-ago quarter. --...

2014-07-24 08:22:10

Airline Also Announces Capital Deployment Program FORT WORTH, Texas, July 24, 2014 /PRNewswire/ -- American Airlines Group Inc. (NASDAQ: AAL) today reported its second quarter 2014 results. -- Second quarter 2014 non-GAAP net profit excluding net special charges was $1.5 billion, a record for any quarter in the history of American Airlines -- Second quarter 2014 GAAP net profit was a record $864 million -- The Company also announced a capital deployment...

2014-07-24 08:21:49

UAL Reports $919 Million Second-Quarter 2014 Profit Excluding Special Items; $789 Million Profit Including Special Items CHICAGO, July 24, 2014 /PRNewswire/ -- United Airlines (UAL) today reported second-quarter 2014 net income of $919 million, an increase of 51 percent year-over-year, or $2.34 per diluted share, excluding $130 million of special items. Including special items, UAL reported second-quarter 2014 net income of $789 million, or $2.01 per diluted share. -- United's...

2014-07-24 08:21:15

HOUSTON, July 24, 2014 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today reported 2014 second quarter adjusted net income of $40.0 million, which equates to adjusted earnings per share of $1.47. The quarter included several significant non-recurring charges especially relating to a convertible senior notes redemption, which resulted in GAAP net income and diluted earnings per share of $16.9 million and $0.62, respectively. Adjusted...

2014-07-24 08:20:58

MAUMEE, Ohio, July 24, 2014 /PRNewswire/ -- -- Sales of $1.71 billion -- Net income attributable to Dana of $86 million -- Adjusted EBITDA of $205 million, providing a margin of 12.0 percent, a 10 basis-point improvement compared with 2013 -- Strong free cash flow of $133 million -- Commenced conversion of outstanding Series B preferred stock, further simplifying capital structure -- Repurchased $49 million of common stock -- Continued...

2014-07-24 04:22:13

Revenue from continuing operations for the second quarter of 2014 was $47.7 million, an increase of 28% compared to the second quarter of 2013; Operating income from continuing operations for the second quarter of 2014 was $7.6 million, an increase of 297% compared to the second quarter of 2013. Full-year 2014 guidance increased for revenue and operating margin. Financial results for the period ended June 30, 2014 and guidance for full-year 2014 to be discussed on conference call today at...

2014-07-23 20:21:27

MELBOURNE, Australia, July 24, 2014 /CNW/ - Newcrest Mining Limited (ASX: NCM). The Company is conducting its carrying value review of all assets as at 30 June 2014 in accordance with its usual policy and processes, including an assessment of the reasonableness of all physical, cost and economic assumptions used in these valuations. As detailed in Newcrest's 2013 Financial Statements, the valuation of Newcrest's assets is sensitive to changes in these physical, cost and economic...

2014-07-23 20:21:20

Adjusted EPS of $0.60 reflects ongoing challenges PITTSBURGH, July 23, 2014 /PRNewswire/ -- Global safety equipment manufacturer MSA Safety Inc. (NYSE: MSA) today reported results for the second quarter of 2014. Quarterly Highlights -- Revenue was $282 million, down 1 percent from the second quarter of 2013. Income from continuing operations was $22 million or $0.59 per basic share. -- Products developed within the last five years drove 32 percent of...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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