Our Brazil operation continued ordsprog

Our Brazil operation continued to report operating losses, but at a significantly reduced level.

Gross margins improved for the fourth consecutive quarter and are up 13 percentage points from the same quarter in the prior year, operating expenses declined sequentially and we significantly reduced our cash burn by $14 million compared to the prior quarter. Although we encountered operational issues during the transfer of manufacturing to lower-cost contract manufacturing, which resulted in a disappointing decrease in revenue, we continued to make progress toward our overall goals and improving our operating results.

We were extremely pleased that we exceeded our consolidated financial expectations for the third quarter and significantly reduced our operating cash usage, ... We expect that these trends will continue into fiscal 2002.

David Wetherell

Although the new unit will be slightly larger than the existing one, it is expected the noise level will be significantly reduced because of new technology.

Since September, the trading outlook in these (commercial aerospace) markets has changed substantially. In particular, operating profit expectations for Airbus next year have been reduced significantly and the outlook for regional aircraft has deteriorated sharply.

Since September, the trading outlook in these (commercial aerospace) markets has changed substantially, ... In particular, operating profit expectations for Airbus next year have been reduced significantly and the outlook for regional aircraft has deteriorated sharply.

We are pleased to be able to report that the operating loss in the first quarter narrowed significantly over the previous quarter. This reflects a reduction in selling and administrative expenses due to cost savings measures that we have implemented since the fiscal year began. With further cost-savings still to take effect and with a significant increase in new order intake since Dec. 31, we foresee much stronger operating results for the balance of 2006.

CEO David Luxton

We are generally pleased that we were able to report a solid quarter in a tough advertising environment, ... Sluggish retail advertising and continued declines in automotive reduced the rate of revenue growth in the quarter. But our real estate and employment advertising remained strong both in print and online, with online advertising showing continued strength in all categories.

The largest public lands ranching operation in the United States has agreed to support science-based management of livestock grazing, including significantly reduced livestock grazing to protect sage grouse and other sensitive species ...

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During the quarter, our U.S. Gulf Coast operations were significantly impacted by Hurricanes Katrina, Rita and Dennis. Despite these impacts, our overall operating performance for the quarter was good, and we continued to benefit from the strong commodity price environment.

If I look at the operations, they don't seem to be making money. It's making losses at the operating level.

Leon Esterhuizen

The sharp slowing in domestic demand has dramatically reduced imports. Weakening economic activity in our major trading partners has significantly reduced the foreign demand for American-made products.

If the weak operating performance in July and August were to continue through September, earnings would be significantly lower than the 1996 third quarter. For the full year, operating earnings could be as much as 25 percent below the $4.50 per share operating earnings achieved in 1996.

George Fisher (1891-)

I presented a gift card and was (later) informed it had been significantly reduced due to different fees associated with the card that reduced the value of the card. I felt that was wrong.

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