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Growth Continues to Slow in the Power Transmission/Motion Control Industry

2013-11-19 06:00:00| Industrial Newsroom - All News for Today

The 3Q13 PTDA Business Index produced reading of 51.6 which represents decrease over last quarter's reading of 54.7 and third consecutive quarter of slower growth. Survey participants anticipate limited upside for the channel in 2014, possibly driven by decreasing pricing power. Conducted jointly by PTDA and Cleveland Research Company, PTDA Business Index tracks change in business activity, new orders, employment, supplier deliveries, inventories, prices, and backlog in PT/MC industry. This story is related to the following:Trade Associations

Tags: power control industry growth

 

Mobile Mini continues leasing growth, posts higher revenue in 3Q

2013-11-09 20:58:10| Industrial Machines - Topix.net

Mobile Mini Inc. reported higher revenue for its third quarter, thanks to continued growth in its leasing business.

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Intermodal Investment Strategy Continues to Drive Growth for CSX

2013-11-06 20:42:49| Railroads - Topix.net

"The CSX team continues to overcome significant headwinds as the energy markets evolve in favor of natural gas and away from coal," said Eliasson.

Tags: drive growth strategy investment

 

UK: Sports Direct sales growth continues in Q2

2013-10-23 14:23:00| Daily apparel & textile news and comment - from just-style.com

Sports Direct International today (23 October) said it remains confident of reaching its full-year profit target after recording a 15.1% increase in second-quarter sales.

Tags: sports sales direct growth

 

Verizon continues double-digit earnings growth in Q3

2013-10-17 14:55:00| Telecompaper Headlines

(Telecompaper) Verizon reported another double-digit increase in earnings in the quarter, with EPS growing to 78 cents from 56 a year earlier. Revenues increased 4.4 percent to USD 30.3 billion, and operating profit improved 30.0 percent to USD 7.1 billion. Adjusted EBITDA was up 16.9 percent to USD 11.3 billion, and the margin improved to 37.3 percent from 33.3 a year ago. In the first nine months of 2013, Verizon increased capital expenditure to USD 11.8 billion from USD 11.3 billion in the year-earlier period. Free cash flow was still up 23.3 percent over the same period to USD 16.6 billion. Verizon said it has also successfully arranged the financing to buy out Vodafone's stake in Verizon Wireless, with a USD 49 billion debt offering and an agreement for up to USD 12 billion in term loans. Growth in the third quarter was again driven by Wireless, with service revenues up 8.4 percent year-on-year to USD 17.5 billion. The EBITDA margin on service revenues rose by 110 basis points to 33.8 percent, and Verizon said it was on track to deliver a margin of 49-50 percent for the full year, after a result of 50.4 percent in the first nine months. The retail mobile customer base increased by a net 1.1 million lines in the three months, including 927,000 postpaid subscribers, to a total 101.2 million at the end of September. The company expects customer growth to increase sequentially in the fourth quarter.

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