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Latest Generally Accepted Accounting Principles Stories

2014-10-21 08:21:06

Record third quarter EPS from continuing operations of $1.08 per diluted share, up 19% over prior year quarter adjusted EPS from Continuing Operations DULUTH, Ga., Oct. 21, 2014 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported income from continuing operations for the third quarter of 2014 of $32.4 million, or $1.08 per diluted share, versus adjusted income from continuing operations in the third...

2014-10-21 08:20:48

- EPS of $2.04, up 32% (up 12% to $1.82 ex. restructuring and one-time items) HARTFORD, Conn., Oct. 21, 2014 /PRNewswire/ -- United Technologies Corp. (NYSE:UTX) reported third quarter earnings per share of $2.04 and net income attributable to common shareowners of $1.9 billion, up 32 percent and 31 percent respectively over the year ago quarter. Results for the current quarter include $0.22 per share of favorable one-time items net of restructuring costs. Earnings per share in the year ago...

2014-10-20 20:22:08

FORT WAYNE, Ind., Oct. 20, 2014 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced third quarter 2014 net sales of $2.3 billion and net income of $91 million, or $0.38 per diluted share, which includes the negative impact of approximately $0.09 per diluted share related to acquisition costs, financing fees, and the effect of purchase accounting adjustments for the Severstal Columbus, LLC acquisition that occurred mid-September. The acquisition and financing costs...

2014-10-20 16:30:41

Conference call on TI website at 4:30 p.m. Central time today DALLAS, Oct. 20, 2014 /PRNewswire/ -- Texas Instruments Incorporated (TI) (NASDAQ: TXN) today reported third-quarter revenue of $3.50 billion, net income of $826 million and earnings per share of 76 cents. Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments: -- "Revenue for the quarter was solidly in the upper half of our expected...

2014-10-20 16:30:25

SAN JOSE, Calif., Oct. 20, 2014 /PRNewswire/ -- Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced results for the third quarter of fiscal year 2014. http://photos.prnewswire.com/prnvar/20140102/SF39436LOGO Cadence reported third quarter 2014 revenue of $400 million, compared to revenue of $367 million reported for the same period in 2013. On a GAAP basis, Cadence recognized net income of $38 million, or $0.12 per share on a diluted basis, in the third quarter of 2014,...

2014-10-20 16:23:06

Ultra Clean reports results at high end of guidance before one-time adjustments. HAYWARD, Calif., Oct. 20, 2014 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), a leading developer and supplier of critical systems and subsystems for the semiconductor capital equipment, flat panel, medical, energy and research industries, today reported its financial results for the third quarter ended September 26, 2014. At the beginning of the Company's fourth quarter, a new customer,...

2014-10-20 08:30:30

LAVAL, Quebec, Oct. 20, 2014 /PRNewswire/ -- -- 2014 Third Quarter Results -- Total Revenue $2.1 billion; an increase of 33% over the prior year -- Total same store sales organic growth was 19%, including impact from generics -- Bausch + Lomb organic growth was 12%, adjusted only for foreign exchange -- GAAP EPS $0.81; Cash EPS $2.11, an increase of 48% -- GAAP Operating Cash Flow $619 million, an increase of 207%;...

2014-10-20 08:27:29

MCLEAN, Va., Oct. 20, 2014 /PRNewswire/ -- Highlights for the quarter include the following: -- Overall company revenue growth of 15 percent, pro forma revenue growth of 4 percent, driven by strong Broadcast and Digital Segment results -- Record Broadcasting Segment revenue increased 105 percent, a 19 percent increase on a pro forma basis -- Adjusted EBITDA rose 47 percent to $342 million also driven by strong Broadcasting and Digital Segment...

2014-10-20 08:23:41

- Third quarter revenues of $1.72 billion lead to Adjusted EBITDA of $216 million ST. LOUIS, Oct. 20, 2014 /PRNewswire/ -- Peabody Energy (NYSE: BTU) today reported third quarter 2014 revenues of $1.72 billion, leading to Adjusted EBITDA of $216.3 million. Loss from Continuing Operations totaled $(154.0) million, reflecting the effect of a non-cash tax expense related to the repeal of the Minerals Resource Rent Tax in Australia, with Diluted Loss Per Share from Continuing Operations of...

2014-10-20 08:21:57

- Company Generates Record Sales of $4.0 Billion - ATLANTA, Oct. 20, 2014 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) reports sales and earnings for the third quarter and nine months ended September 30, 2014. http://photos.prnewswire.com/prnvar/20081002/CLTH108LOGO Thomas C. Gallagher, Chairman and Chief Executive Officer, announced today that record sales totaling $4.0 billion were up 8% compared to the third quarter of 2013. Net income for the quarter was $190.5...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.