7 billion
in 2003.
Income from operations in 2004 was $102.7 million at Dec.9% 10.2% 5.2% $
16,857 6.3%
Asia Pacific 4,445 2. Sectors include automotive, chemicals,
construction, fast-moving, jewelry, logistics and management performance, oil
and gas, pharmaceutical
, retailing, and telecommunications. "We are excited to offer our clients
the opportunity to gain
consumer and business insights into this region that
serves as a gateway to Eastern Europe, the Middle
East and Central Asia.com/globalops/globalnet.
Press Contacts:
Nancy Wong
Harris Interactive
585-214-7316
Kelly Gullo
Harris Interactive
585-214-7172
oceania east
Business Editors
THE WOODLANDS, Texas----CB+I
(NYSE:CBI)
today reported net income of $65.S.9 million at Dec. 31, 2003. Capital expenditures
for 2004 were
$17.0-$2.4% 6.39 $ 1. 31, Dec.4%)
Central + South America 2,799 12
.5%
------- -------
Total $ 38,380
6. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
AND OTHER FINANCIAL DATA
(in thousands)
Twelve Months
Ended Dec. TRIA
offers market research services in Turkey, and
through its business partners in Armenia, Azerbaijan
, Bulgaria, Georgia,
Romania, Russia, Ukraine, and in Central Asia.
"We are very pleased to
welcome TRIA, a firm that offers premier research
capabilities for a diverse list of practice areas
, as the newest member of our
global network," stated David Vaden, executive vice president and chief
strategy officer for Harris Interactive.
About Harris Interactive(R)
Harris Interactive
Inc.-based global research company that blends premier strategic consulting
with innovative and efficient
methods of investigation, analysis and
application.com ), Paris-based
Novatris (http://www. EOE
M/F/D/V
To become a member of the Harris Poll Online(SM) and be invited to
participate in
future online surveys, visit http://www.science europe
7 million or $0.
"We are pleased to report that results exceeded
expectations for
the fourth quarter of 2004," said Gerald M. Our safety results have been
excellent
and our balance sheet is solid.3 million in 2003.3 million in 2003,
which included $15.6 million
for the completion of the Company's
administrative offices in The Woodlands, Texas. The
Company
does not undertake to update any forward-looking statements
contained herein, whether as a result
of new information, future
events or otherwise.8% 5.51 $ 0.50 $ 0.33 $ 1.V. 31,
2004 2003
NEW BUSINESS TAKEN(a)
% of % of
Total Total
North
America $ 513,797 37% $ 246,269 62%
Europe/Africa/Middle East 800,662
59% 104,863 26%
Asia Pacific 40,120 3% 32,258 8%
Central
+ South America 10,242 1% 16,756 4%
-------
-------
Total $1,364,821 $ 400,146
======= =======
REVENUE % of % of
Total Total
North America
$ 367,240 64% $ 271,433 58%
Europe/Africa/Middle East 146,071 26% 100,535 21
%
Asia Pacific 36,369 6% 68,621 14%
Central + South America
23,037 4% 30,947 7%
------- -------
Total
$ 572,717 $ 471,536
======= =======
INCOME (LOSS) FROM % of % of
OPERATIONS
Revenue Revenue
North America $ 26,329 7.8% 8,790
8. 31,
2004 2003
NEW BUSINESS TAKEN(a)
% of % of
Total Total
North America $1,448,055 55% $1,105,369 65%
Europe/Africa/Middle East
962,299 37% 380,493 22%
Asia Pacific 135,226 5% 147,238 9
%
Central + South America 68,969 3% 75,110 4%
--
------- ---------
Total $2,614,549 $1,708,210
========= =========
REVENUE % of
% of
Total Total
North America
$1,130,096 60% $ 970,851 60%
Europe/Africa/Middle East 508,735 27%
329,947 20%
Asia Pacific 175,883 9% 218,201 14%
Central + South
America 82,468 4% 93,278 6%
--------- ---
------
Total $1,897,182 $1,612,277
=========
=========
INCOME (LOSS) FROM % of % of
OPERATIONS
Revenue Revenue
North America $ 73,709 6
.1%
--------- ---------
Total $ 102,079
5.
----------------------------------------------------------------
CHICAGO BRIDGE
+ IRON COMPANY N.
Business Editors
STRATHAM, N.com., Harris Interactive(R)
(Nasdaq:
HPOL) announces that TRIA International Research and Consultancy, a
full-service global market research
and consulting company in Turkey, has
become the newest member of the Harris Interactive Global Network
."
"Joining the Harris Interactive Global Network will help us gear up the
speed of growth
of TRIA," stated Melih Yurdagul, managing director of TRIA
International Research and Consultancy
. Member firms exchange research expertise and
provide the resourcefulness of local-country knowledge
.S.oceania university
CB+I Reports 2004 Results; Record Revenue and New Business Taken; Backlog Up Nearly 50%
39 per
diluted share for 2003. 31, 2004, new business taken increased 53%
to a record $2. Backlog at Dec
. Revenue for the fourth quarter of 2004 increased
21% to $572. Fourth quarter 2004 operating income
increased 27% to $38. A variety of factors could cause business conditions and
results to differ
materially from what is contained in the
forward-looking statements including, but not limited to
, the
Company's ability to realize cost savings from its expected execution
performance of contracts;
the uncertain timing and the funding of new
contract awards, and project cancellations and operating
risks; cost
overruns on fixed priced contracts; changes in the costs or
availability of or delivery
schedule for components, materials and
labor; increased competition; fluctuating revenues resulting
from a
number of factors, including the cyclical nature of the individual
markets in which the
Company's customers operate; lower than expected
activity in the hydrocarbon industry -- including
but not limited to
LNG and clean fuels projects -- demand from which is the largest
component
of the Company's revenue, or lower than expected growth in
the Company's other primary end markets;
a downturn in the economy in
general; political and economic conditions including, but not limited
to, war, conflict or civil or economic unrest in countries in which we
operate; the Company's
ability to integrate and successfully operate
acquired businesses and the risks associated with those
businesses;
and the ultimate outcome or effect of the pending FTC proceeding on
the Company's
business, financial condition and results of operations. AND SUBSIDIARIES
SEGMENT
INFORMATION
(in thousands)
Three
Months Ended
Dec.0%
Europe/Africa/Middle East 12,625 2.5%
6,000 2.4% $ 103,341 6. Timberland(R)
products offer quality workmanship and detailing
and are built to
withstand the elements of nature. The Company's products can be found
in leading
department and specialty stores as well as Timberland(R)
retail stores throughout North America,
Europe, Asia, Latin America,
South Africa and the Middle East.asp .com ), Tokyo-based Harris Interactive
Japan,
through newly acquired WirthlinWorldwide, a Reston, Virginia-based research
and consultancy
firm ranked 25th largest in the world, and through an
independent global network of affiliate market
research companies.central east
Glenn, CB+I's Chairman,
President and CEO.2 million in the comparable
2003
period, primarily due to the combination of higher revenue and
continued control of overhead and
selling and administrative expenses.4 million, compared with $31."
The Company is issuing the following
guidance for new business
taken, revenue and earnings per share (EPS) for 2005: new business
taken
is expected to be in a range of $2.2-$2.2 billion for full-year 2005; and EPS is
expected to be in
a range of $0.31 (pre-split) for the first
quarter and $1.
Any statements made in this release
that are not based on
historical fact are forward-looking statements and represent
management
's best judgment as to what may occur in the future.
Additional factors which could cause actual results
to differ from
such forward-looking statements are set forth in the Company's Form
10-K filed
with the SEC for the year ended December 31, 2003.8%
Intangibles
amortization
388 611 1,817 2,548
Other operating
income, net (148)
(103) (88) (2,833)
------- ------- --------- ---------
Income from
operations 38,380 30,154 102,079 103,341
% of Revenue
6.46
Diluted $ 0. For more
information about the Harris Interactive
Global Network, go to
http://www.programs cognitive
31, 2004, compared with $66.3 billion, compared with $1.6 billion
at the end of 2003. "For the year, substantial backlog going into 2004
led to record revenue as projects
moved into the construction phase,
and a second consecutive year of record sales means we have entered
2005 in an even stronger position. We are seeking to expand our ability to provide
single-source
solutions for complex process and technology projects
anywhere in the world. The
actual outcome
and results are not guaranteed, are subject to risks,
uncertainties and assumptions and may differ
materially from what is
expressed. Information about CB+I is
available at www. 31, Ended
Dec.2%
Europe/Africa/Middle East 8,445 5.7%
Central + South America 11,300 13
.H.TRIA International Research and Consultancy Joins Harris Interactive Global Network
harrisinteractive
.programs sciences
9 million or $1.
Fourth quarter awards included a new LNG import terminal in Wales and
an LNG
expansion project in the eastern U. We have confidence in our business model and
anticipate continued
growth in 2005.29-$0.CBI.7%
Asia Pacific 807 2. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
Dec. 31, Dec.----The Timberland
Company (NYSE:TBL) today
announced that its President and Chief
Executive Officer, Jeffrey Swartz, and its Executive Vice
President
and Chief Financial Officer, Brian McKeon, will be presenting at the
Companies for Social
Responsibility Investor Conference in New York
City on May 4, 2005.timberland. "We are pleased to
have our local and
international skills and capabilities endorsed by our affiliation with Harris
Interactive. (http://www.harrisinteractive.com ), the 15th
largest and fastest-growing market
research firm in the world, is a Rochester,
N. offices and wholly owned
subsidiaries: London-based
HI Europe (http://www.novatris.europe sciences
Net income for the fourth
quarter of 2004 increased 32% to $24.39
per diluted share for the
comparable 2003 period. "Our
record backlog should continue to generate
solid revenue performance,
while growing international demand for LNG, clean fuels, and refinery
modernization and upgrading projects is driving new business
prospects.80-$1.V. 31,
2004 2003 2004 2003
Revenue $572,717 $471
,536 $1,897,182 $1,612,277
Cost of revenue 506,404 415,503 1,694,871 1,415,715
------- ------- --------- ---------
Gross profit 66,313 56
,033 202,311 196,562
% of Revenue 11.2% 4,809 15.7% $ 30,154 6.5%
$ 67,762 7.harrispollonline.asia europe
33 per
diluted share for the year ended Dec.5 million in the fourth
quarter of
2003.1 million, compared with
$103.
CB+I ended 2004 with cash and cash equivalents
of $236.85 (pre-split) for full-year 2005. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS
OF INCOME
(in thousands, except per share data)
Three
Months Twelve Months
Ended Dec.2%
Selling and
administrative
expenses 27,693 25,371 98,503 93,506
% of Revenue 4.7
% 6.40 $ 1.38 $ 1.2% (302) (0.
Backlog may also fluctuate with currency movements
. 31,
2004 2003
ASSETS
Current assets
$ 685,279 $ 512,427
Property and equipment, net 119,474
124,505
Goodwill and other intangibles, net 262,732 249,982
Other non-current
assets 35,233 45,448
---------
---------
Total assets $1,102,718 $ 932,362
========= =========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current
liabilities $ 481,190 $ 376,252
Long-term debt 50
,000 75,000
Other non-current liabilities 102,290 91,946
Shareholders
' equity 469,238 389,164
--------
- ---------
Total liabilities
and shareholders' equity $1,102,718 $
932,362
========= =========
------------------
----------------------------------------------
CHICAGO BRIDGE + IRON COMPANY N. Data collection
methods include desk research, quantitative research (CAPI, face-to-face, mail
and telephone interviews
) and qualitative research with focus groups and
in-depth interviews.
Though affiliated with
Harris Interactive, global network members operate
as totally independent market- and opinion-research
firms.Y.middle cognitive
8 million or $0. New
business taken during the fourth quarter of 2004 surged to $1.S. We
are pleased that our
financial strength has allowed us to increase the return to CB+I's
shareholders
by means of our recently-announced stock split and
dividend increase."
Revenue in 2004 grew 18
% to a record $1.7 million from $471. The increase in revenue year over year was attributable to the
strong backlog going into 2004, and progress on significant projects
in the North America and
Europe, Africa, Middle East (EAME) segments. The decline was due to the impact of loss
provisions
taken in the second quarter for two projects, one in the
EAME segment's Saudi Arabian region and
the other in the North America
segment.4% 5.39
Weighted average shares
outstanding
Basic 48,259 46,247 47,684 45,315
Diluted 49,726
48,441 49,501 47,527
----------------------------------------------------------
------
CHICAGO BRIDGE + IRON COMPANY N.5% 17,384 5.The Timberland Company CEO and
CFO to Present at the Companies for Social Responsibility Investor Conference
New product
and service offerings as well as the implementation
of state-of-the-art Harris Interactive online
research technology will
definitely help our clients make better use of research in the region.east cognitive
0
million or $1.S.9 billion, compared with
$1. CB+I had cash in
excess of debt of $151.
CB
+I is one of the world's leading engineering, procurement and
construction (EPC) companies, specializing
in lump-sum turnkey
projects for customers that produce, process, store and distribute the
world
's natural resources.6% 11.4%
======= =======
Twelve Months Ended
Dec.7% 12
,195 13.4%
========= =========
(a) New business taken
represents the value of new project
commitments received by the Company during a given period. More
information about Timberland is
available in the Company's reports filed with the Securities and
Exchange Commission (SEC).Y. Known for The Harris Poll(R) and for pioneering Internet-based
research
methods, Harris Interactive conducts proprietary and public research
to help its clients achieve
clear, material and enduring results.
Harris Interactive combines its intellectual capital, databases
and
technology to advance market leadership through U.hieurope.com .cognitive central
50 per diluted
share, compared
with $18. 31, 2004, increased
47% to $2. Revenue declined 19% in the Asia
Pacific segment, primarily
due to the completion of significant
projects in Australia, and 12% in the Central and South America
segment, as a result of fewer new awards in certain Latin American
markets. The decline was partially
offset by higher revenue volume,
cost savings generated by strong project execution, and higher
coverage
of fixed costs.
"We believe CB+I is well positioned for 2005," Glenn added. With more than 60 locations
and
approximately 11,000 employees throughout the world, CB+I capitalizes
on its global expertise
and local knowledge to safely and reliably
deliver projects virtually anywhere.4%
Interest
expense (2,392) (1,686) (8,232) (6,579)
Interest income 1,067 239
2,233 1,300
------- ------- --------- ---------
Income
before
taxes and
minority interest 37,055 28,707 96,080 98,062
Income
tax expense (11,806) (8,740) (31,284) (29,713)
------- ------
- --------- ---------
Income before
minority interest 25,249 19,967 64,796
68,349
Minority interest in
(income) loss (497) (1,269) 1,124 (2
,395)
------- ------- --------- ---------
Net income $ 24
,752 $ 18,698 $ 65,920 $ 65,954
======= ======= ========= =========
Net income per share
Basic $ 0. 31, Dec.
These commitments are
included in backlog until work is
performed and revenue is recognized or until cancellation.
Timberland is a global leader in the design, engineering and
marketing of premium-quality footwear
, apparel and accessories for
consumers who value the outdoors and their time in it.sciences university
6 billion in 2003
.4 million from $30. 31, 2004.4 billion for full-year
2005; revenue is expected to be in a range of
$425-$450 million for
the first quarter and $2.4% 5.V.
This presentation, which will include
information on Timberland's
recently reported financial performance and socially responsible
initiatives
, is scheduled to run from 2:00 PM ET to 2:30 PM ET and
will be available via live webcast at the
Company's website,
www. Replays of the presentation will also be available
through the Company
's website. Turkey serves as a gateway into Eastern Europe, the Middle East and Central
Asia
ROCHESTER, N. Today, there are
more than a dozen global
network members, representing Africa, Asia,
Australia, the Caribbean, Eastern and Western Europe
, Central/North/South
America, and the Middle East.cognitive africa
For the year ended Dec.6 billion, compared
with $1.4
billion, compared with $400 million in the year-earlier period., as well as a renewable
energy project in the western U.
For the year, revenue grew 16% in the North America segment,
due
mainly to higher volumes of LNG and turnaround work in the U., and
increased 54% in the EAME
segment as a result of significant LNG
projects under way in Nigeria and Russia and the inclusion
of a full
year of results from CB+I John Brown.4 million,
compared with $112.com
-----
-----------------------------------------------------------
CHICAGO BRIDGE + IRON COMPANY
N.7% 12.V. 31,
2004 2003
CASH FLOWS
Cash flows from operating activities $ 132,769 $ 90,366
Cash flows from investing activities
(26,051) (102,030)
Cash flows from financing activities 16,754 22,046
------- -------
Increase in cash and cash
equivalents
123,472 10,382
Cash and cash equivalents,
beginning of the
year 112,918 102,536
-------
-------
Cash and cash equivalents,
end of the year $ 236,390 $ 112
,918
======= =======
OTHER FINANCIAL DATA
Depreciation and amortization expense $ 22,498 $ 21,431
Capital expenditures
$ 17,430 $ 31,286
(Increase)/decrease in receivables,
net
$ (51,856) $ 10,614
Decrease/(increase) in contracts in
progress, net
45,306 (80,479)
Decrease/(increase) in non-current
contract retentions
5,619 (4,867)
Increase in accounts payable 37,104
49,048
------- -------
Change in contract capital
$ 36,173 $ (25,684)
======= =======
TRIA, headquartered in Istanbul, was established in October 2000 and its
management
offers more than 20 years of dynamic market research experience to
a broad variety of industries
."
About the Harris Interactive Global Network
The Harris Interactive Global Network
, an international network of
affiliate market research firms, was established in 1992.central sciences
Working overtime to stay the Web's best reference!
-> Show SiteSeek's List of Web Sites For This Topic (Not Yet Peer Reviewed)
Loading...
(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)