Adoption of Customer-Focused Technologies Grows as Business Transformation Continues MIAMI, July 25, 2018 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) reported record results for the quarter ended June 30, 2018. Watsco’s record results reflect continued investment in technologies designed to revolutionize Watsco’s customer-experience and help customers grow their businesses. Most notably, the digitization of Watsco’s marketplace via e-commerce and iOS/Android-enabled apps, supported by the industry’s most complete database of product information, continues to see momentum. E-commerce sales run-rate is approaching 30% of revenues. Second Quarter Results Sales trends: 5% sales growth to a record $1.333 billion 6% growth in HVAC equipment (68% of sales) 5% growth in other HVAC products (28% of sales) 1% growth in commercial refrigeration products (4% of sales) Key performance metrics: 16% earnings per share (EPS) growth to a record $2.40 22% increase in … [Read more...] about Watsco Sets New Records for Sales, Operating Income, Operating Margins, Net Income and EPS During Second Quarter
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Congress made changes to the Margin Protection Program for Dairy in the Bipartisan Budget Act of 2018 and dairy producers may enroll from April 9, 2018, to June 1, 2018. "We recognize the financial hardships many of our nation’s dairy producers are experiencing right now,” Agriculture Secretary Sonny Perdue said. “Folks are losing their contracts and they are getting anxious about getting their bills paid while they watch their milk check come in lower and lower each month. The Bipartisan Budget Act provided some much-needed incentives for dairy producers to make cost-effective decisions to strengthen their farms, mitigate risk, and conserve their natural resources. We encourage dairy producers to review the provisions of the updated program, which Congress shaped with their feedback. Those changes are now in effect, and I’d ask any producers who are interested to contact their local USDA service centers.” About the program The program protects … [Read more...] about Enrollment for Margin Protection Program for Dairy begins April 9
Last Updated Jan 22, 2011 6:14 AM EST As the markets were more than impressed with the record revenue and profit from Apple (AAPL), it was easy to overlook an interesting tidbit during the earnings call. A single number that CFO Peter Oppenheimer offered helps unlock what margins the company sees from the iPhone and the degree to which Apple depends on the product line. The big surprise is that the iPhone is far more profitable than analysts and Apple watchers have thought. According to Apple's financial data, iPhones and related products and services (including royalties on Apple-branded accessories and carrier subsidies) brought in $10.468 billion last quarter. That's 39.1 percent of total revenue. The only other Apple product line even near in revenue importance is the Mac, at $5.43 billion, or 20.3 percent. But in terms of gross margin on products, it's hard to imagine any hardware pulling in more than the iPhone. During the earnings call, Oppenheimer mentioned that the iPhone's … [Read more...] about iPhones Make Far More Margin — 70% — Than Analysts and Apple Watchers Think
Last Updated Jul 27, 2011 9:28 AM EDT People know intellectually that Amazon (AMZN) is long past simply being a book retailer. The company's latest earnings report underscores that point; only 37.5 percent of its revenue comes from media, broadly defined, and that portion continues to drop. What once defined the company is fast approaching the status of a sideline. Instead of driving strategy, media sales will increasingly become a tool for Amazon to pursue its other goals, like selling general tablets. Any time a retailer as influential as Amazon is in media considers the business subservient to other product lines, the impact on the rest of the industry could be tremendous. As, for instance, you can already see in how e-book pricing has depressed publishers' revenues and margins. Gross margin throwdown Radio Shack -- 45 percent (first six months of 2011) Barnes & Noble -- 26 percent (including store occupancy costs, year ending April 30, 2011) Target -- 32 percent (quarter … [Read more...] about Look Out Publishers: Amazon Is Backburnering Book/Video Sales
(MoneyWatch) In my first postin a series this week on the efficacy of online retirement calculators, I showed how widely these tools can range in the savings they recommend -- from 9 percent of a person's pay to almost 70 percent. This makes it hard for people to understand how much they need to save for retirement. In this post I'll dig deeper into the calculators I tested, which are sponsored by AARP, CNNMoney, the Financial Industry Regulatory Authority (FINRA), MSNMoney, Schwab, SmartMoney and T. Rowe Price. (You'll want to read my previous post for background on this post, if you haven't already.) AARP This calculator was very easy to use and only asked questions that were possible for a layperson to answer without having to do too much research. It provided helpful explanations for each question, and at the end of each page it summarized the answers that I provided. After processing the information that I had input for a hypothetical 65-year-old couple, AARP's calculator … [Read more...] about What are the best retirement calculators?