| Ford Returns to Profitability in Q3 Zacks.com submits: Ford Motor Company (F) returned to profitability in the third quarter of the year by posting a net income of $873 million or 26 cents per share, easily clearing the Zacks Consensus Estimate loss of 15 cents per share as well as the year-ago loss of 6 cents per share. This was, in fact, Ford's first operating profit since the first quarter of 2008. The company, which was on the verge of bankruptcy in the middle of the year, accredited its rebound to improved product line, inviolable structural cost reduction efforts and improved results at Ford Credit.Complete Story » seekingalpha.com |
American Commercial Lines Inc. Q4 2009 Earnings Call Transcript American Commercial Lines Inc. (ACLI)Q4 2009 Earnings CallFebruary 09, 2010 10:00 am ETComplete Story » seekingalpha.com |
Navistar International Corp. Raises Guidance Zacks.com submits: Navistar International Corp. (NAV) has upgraded its financial outlook for fiscal 2010 ended October 31, 2010. The upsurge was driven by a military truck order of $750 million, won by the company in February this year, to manufacture about a thousand Mine Resistant Ambush Protected ((MRAP)) vehicles for the Marine Corps.The truck maker now expects to earn $198 million–$234 million or $2.75–$3.25 per share for the fiscal year. This is higher than the guidance to earn between $127 million and $163 million or between $1.75 per share and $2.25 per share, provided while presenting the first quarter of fiscal 2010 results last month. In the first quarter, Navistar reported breakeven results before non-recurring items. This compared with the Zacks Consensus Estimate of a profit of 92 cents per share and a year-ago profit of $48 million or 67 cents per share, before non-recurring items. The decline in income was attributable to lower revenues due to a weaker demand for the company’s military vehicles. Revenue in the quarter fell 5% to $2.8 billion. Based in Warrenville, Illinois, Navistar manufactures and markets commercial trucks, mid-range diesel engines, buses, military vehicles and chassis for motor homes and step-vans, and also provides service parts for various trucks and trailers. The company is one of the largest truck producers after Daimler AG (DAI) and PACCAR Inc. (PCAR). The U.S. government is one of Navistar's steadfast customers, a fact that provides stability to the company’s sales. The company continues to derive about 25% of its revenues from the U.S. government. Most of its existing U.S. government contracts extend over several years.Complete Story » seekingalpha.com |
Vitran Corporation, Inc. Q2 2010 Earnings Call Transcript Vitran Corporation, Inc. (VTNC)Q2 2010 Earnings CallJuly 22, 2010 11:30 a.m. ETComplete Story » seekingalpha.com |
The Airline Industry Is Beginning to Rebound StreetAuthority submits: By David Sterman In tough economic times, a high debt load can cripple a company. But when business is good, that debt can actually be a real benefit. That's because equity comprises just a small part of the company's total enterprise value (market value plus debt minus cash) and profits can become quite large relative to that small equity base. But investors remain wary of debt-laden companies, recalling that these were among the stocks that appeared to be headed toward bankruptcy when the economy started heading south two years ago.Complete Story » seekingalpha.com |