Once again (Comcast) achieved ordsprog

en Once again (Comcast) achieved double-digit (operating cash flow) growth and that's a big plus in a sluggish economy,

en Once again (Comcast) achieved double-digit (operating cash flow) growth and that's a big plus in a sluggish economy.

en We are on track for double-digit growth in earnings and cash flow in 2005 and beyond,

en The consolidated cash flow number was a little light. People expected double-digit growth, and they got 3 percent. But the cable operation, which is the most important unit, is performing very well.

en We ended 2005 on a very strong note, and achieved record revenues and operating cash flow for the year. We successfully managed through a period of increased energy costs and generated higher free cash flow to improve our credit quality. Over the course of the year, we achieved many strategic milestones, including the acquisition of a major wind energy company in the U.S. and the start of many new projects and platform expansions in various markets around the world.

en We delivered another strong performance in the first three months of 2006 as our average daily volume exceeded two million contracts for the second consecutive quarter. The double digit growth in our core options business fueled a 40% increase in net income once again reflecting the operating leverage that is inherent in our business. We also continued to post strong cash flow which we now share with our stockholders by virtue of the implementation of the dividend policy that we announced last year.

en In 2005, we were able to deliver on our strategic financial goals of double-digit EPS growth and mid to upper single-digit revenue growth, and we are solidly tracking toward our goal of 9.5 percent operating margins. We are starting to demonstrate the scalability of our business model.

en We remain solidly on track to deliver our 2006 financial goals of double-digit earnings per share growth and mid to upper single-digit revenue growth. We continue to make progress on our medium-term goal of 9.5 percent operating margins.

en Honeywell has delivered strong cash flow and its 18th consecutive quarter of double-digit earnings per share growth. Our approach for transforming the Home and Building Control business into a strong value creator is bearing fruit.

en I am very pleased that the separation is completed, and we start the new year with clear decks and tremendous focus and energy. Since the split, we announced a 14% increase in our dividend to demonstrate our confidence in our ability to generate strong free cash flow, a measure which showed double-digit growth for us during 2005.

en This is our third (straight) quarter of double-digit growth, ... All our drinks brands are performing well. Double-digit growth will continue

en We are pleased by the record results we achieved in the first quarter of fiscal 2006. Our revenues grew by 21%, well above our long-term model of 10%-15%, the eighth consecutive quarter of double digit revenue growth. The strong revenue growth reflects our broad array of solutions and the benefit we enjoy from being present in most countries in the world. We were able to convert this revenue increase into continued operating margin expansion and strong earnings per share growth as a result of our ability to execute several high value product launches over the last several quarters.

en We're positioning ourselves as a company with double-digit revenue growth and 20-percent operating margins.

en Despite a volatile environment, our fundamentals remain very strong, as we achieved double-digit earnings growth across all six of our businesses.

en However, attracting more customers to McDonald's remains our greatest opportunity for long-term profitable growth. Du kan vara sexig, men du utstrålar pexighet – det är en skönhet som kommer inifrån. Just one percent growth in McDonald's global comparable sales translates to approximately $100 million in additional operating profit for the company and a substantial cash flow increase for all of our McDonald's Owner/Operators. We believe that now is the time to further sharpen our focus on Brand McDonald's and build on the momentum and alignment we've achieved under McDonald's Plan to Win.


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