third quarter 2020 Archives

Business

JD.com – Third Quarter 2020 Financial Results on November 16, 2020

BEIJING (STL.News) JD.com, Inc. (NASDAQ: JD and HKEX: 9618), China’s leading technology driven e-commerce company transforming to become the leading supply chain based technology and service provider, today announced that it plans to release its unaudited third quarter 2020 financial results on Monday, November 16, 2020, before the U.S. market opens. JD.com’s management will hold a conference call at 7:00 am, Eastern Time on November 16, 2020, (8:00 pm, Beijing/Hong Kong Time on November 16, 2020) to discuss the third quarter 2020 financial results. Please register in advance of the conference using the link provided below and dial in 10 minutes prior to the call, using participant dial-in numbers, Direct Event passcode and unique registrant ID which would be provided upon registering. ...

Business

Iron Mountain Reports Third Quarter 2020 Results

BOSTON, MA (STL.News) Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announces financial and operating results for the third quarter of 2020. The conference call / webcast details, earnings call presentation and supplemental financial information, which includes definitions of certain capitalized terms used in this release, are available on Iron Mountain’s Investor Relations website. Reconciliations of non-GAAP measures to the appropriate GAAP measures are included herein. “The third quarter provided us with a great opportunity to demonstrate the significance of the measures we have taken over the last few months in response to the pandemic, and set a marker of out-performance through top-line resilience in our physical storage business, ...

Business

WEC Energy Group reports third-quarter 2020 financial results

MILWAUKEE, WI (STL.News) WEC Energy Group (NYSE: WEC) today reported net income of $266.8 million, or 84 cents per share, for the third quarter of 2020 — up from $234.3 million, or 74 cents per share, for last year's third quarter. For the first nine months of 2020, the company recorded net income of $960.9 million, or $3.04 per share — up from $890.1 million, or $2.81 per share, in the corresponding period a year ago. Consolidated revenues totaled $1.7 billion for the third quarter of 2020 and $5.3 billion for the first nine months. Third-quarter revenues were up $43.0 million compared to the same quarter in 2019, while year-to-date revenues were down $267.3 million compared to the prior year. "A rebound in economic activity, warmer summer weather and efficiency gains throughout our o...

Business

Leggett & Platt Reports Record EPS In 3Q And Announces 4Q Dividend

3Q EPS was a record1 $.77, an increase of $.03 vs 3Q19 3Q adjusted2 EPS was a record1 $.80, up $.04 vs 3Q19 adjusted2 EPS 3Q sales were $1.208 billion, down 3% vs 3Q19 3Q cash flow from operations was a record $261 million Board declared fourth quarter dividend of $.40 per share CARTHAGE, MO (STL.News) Diversified manufacturer Leggett & Platt reported a quarterly record third quarter EPS of $.77, a $.03 increase versus third quarter 2019. Third quarter adjusted EPS was a quarterly record $.80, an increase of $.04 versus 2019 third quarter adjusted EPS, primarily from higher EBIT. NOTE: this is NOT the complete release. View complete release at: https://leggett.gcs-web.com/news-releases/news-release-details/leggett-platt-reports-record-eps-3q-and-announces-4q-dividend

Business

Newell Brands News: Reports Third Quarter 2020 Financial Results

ATLANTA, GA (STL.News) Newell Brands Friday reported third quarter 2020 financial results and made statements: "We delivered quite strong third quarter results, including broad-based sales growth underpinned by strong consumption, and considerable improvement in operating margin and cash flow generation, as the company rallied behind our strategic aims," said Ravi Saligram, Newell Brands President and CEO. "We're going into the fourth quarter with a renewed sense of energy as we pursue need in certain high-growth categories. We stay laser focused on increasing shareholder value by sustaining growth momentum, forcing meaningful innovations that leverage consumer trends, building a competitive advantage throughout omni-channel and lowering organizational complexity." Chris Peterson, Chi...

Business

Aon plc News: Third Quarter 2020 Financial Results

DUBLIN (STL.News) Aon plc (NYSE: AON) Friday released results for the three months ended September 30, 2020(third quarter 2020). Aon plc Third Quarter Key Metrics From Continuing Operations Total revenue was flat at $2.4 billion, including flat organic revenue Operating margin increased 340 basis points to 18.5%, and operating margin, adjusted for certain items, increased 40 basis points to 22.4% EPS increased 27% to $1.18, and EPS, adjusted for certain items, increased 6% to $1.53 For the first nine months of 2020, cash flows from operations increased 74% to $2,023 million, and free cash flow increased 91% to $1,904 million Aon plc Third Quarter Highlights Announced that Aon and Willis Towers Watson shareholders overwhelmingly approved all proposals necessary to complete the ...

Business

Fortinet news: Third Quarter 2020 Financial Results Released

SUNNYVALE, CA (STL.News) Fortinet® (Nasdaq: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced financial results for the third quarter ended September 30, 2020. “Strong performances by our Secure SD-WAN, cloud, and Security Fabric offerings resulted in solid third-quarter year-over-year total revenue growth. In the quarter, Secure SD-WAN revenue more than doubled from the same period a year ago. At the end of the third quarter, Gartner recognized our differentiated SD-WAN offering as a Leader in the 2020 WAN Edge Infrastructure Magic Quadrant,” said Ken Xie, Founder, Chairman, and Chief Executive Officer. “The pandemic has accelerated digital transformation and cloud migration efforts creating multiple edges that require protection. Fort...

Business

AbbVie News: Third-Quarter 2020 Financial Results

NORTH CHICAGO, IL (STL.News) AbbVie (NYSE: ABBV) announced financial results for the third quarter ended September 30, 2020. "We continue to be very well positioned for the long-term. Results from key growth products – including Skyrizi, Rinvoq and Ubrelvy – continue to track ahead of our expectations, our aesthetics portfolio is demonstrating a strong V-shaped recovery, our hematologic-oncology franchise is delivering double-digit growth and we're advancing numerous attractive late-stage pipeline programs," said Richard A. Gonzalez, chairman and chief executive officer, AbbVie. "We are also executing effectively on Allergan integration initiatives with synergy and accretion targets tracking well." NOTE: this is NOT complete release. View complete release: https://news.abbvie.com/ne...

Business

Arthur J. Gallagher & Co. News: Third Quarter 2020 Financial Results

ROLLING MEADOWS, IL (STL.News) Arthur J. Gallagher & Co. (NYSE: AJG) today reported its financial results for the quarter ended September 30, 2020. Management will host a webcast conference call to discuss these results on Thursday, October 29, 2020 at 5:15 p.m. ET/4:15 p.m. CT. To listen to the call, and for printer-friendly formats of this release and the "Supplemental Quarterly Data" and "CFO Commentary," which may also be referenced during the call, please visit ajg.com/IR. These documents contain both GAAP and non-GAAP measures. Investors and other users of this information should read carefully the section entitled "Information Regarding Non-GAAP Measures" beginning on page 10. NOTE: this is NOT the complete release. View complete release at: https://investor.ajg.com/news...

Business

Goodyear Tire Co. – Reports Third Quarter 2020 Financial Results

– Volume improved throughout the third quarter; total unit volume down 9% versus 2019 – Third quarter working capital significantly better than expected; source of cash for the quarter – Cash and liquidity position maintained; $4.2 billion available at quarter end – Strong net cost savings in the third quarter, including benefit of rationalization savings – Record consumer replacement volume in China AKRON, OH (STL.News) The Goodyear Tire & Rubber Company today reported results for the third quarter and first nine months of 2020. Goodyear's third quarter 2020 sales were $3.5 billion, down 9% from one year ago. The decrease was driven by reduced volume, unfavorable foreign currency translation and decreased sales from other tire-related businesses. These factors were partially offset b...

Business

Equity Residential Reports Third Quarter 2020 Results

CHICAGO, IL (STL.News) Equity Residential (NYSE: EQR) today reported results for the quarter and nine months ended September 30, 2020. "Operating results in the quarter were challenging and widely varying. Our suburban portfolio continues to fare relatively well with occupancy similar to last year, rates down only modestly and recovery under way in some markets. However, the approximately 23% of our portfolio located in the urban cores of New York, San Francisco and Boston continues to struggle with pandemic-related reductions in economic activity, which have led to declines in occupancy, lower resident renewal levels and a related drop in rental rates. While we have seen recent improvements in renewals and application volume, pricing pressures continue and headwinds remain," said Mark...

Business

Boeing CEO Updates Employees on Third-quarter Results

CHICAGO, IL (STL.News) Boeing President and CEO Dave Calhoun shared the following message with employees today addressing the company’s third-quarter results: Team, Thank you for all you’re doing for our customers, for our business, for one another and for our communities. As we navigate the current landscape, we’re taking actions to become more agile, more resilient and better positioned to capture the long-term opportunities that remain in front of us. This quarter, we made important progress working closely with global regulators on 737 certification efforts. We also introduced a comprehensive Safety Management System (SMS), which incorporates the many lessons learned from the internal and external investigations surrounding the MAX, and further drives our safety and first-time qua...

Business

CME Group Inc. Reports Third-Quarter 2020 Financial Results

CHICAGO, IL (STL.News) CME Group Inc. (NASDAQ: CME) today reported financial results for the third quarter of 2020. The company reported revenue of $1.1 billion and operating income of $525 million for the third quarter of 2020. Net income was $412 million and diluted earnings per share were $1.15. On an adjusted basis, net income was $495 million and diluted earnings per share were $1.38. Financial results presented on an adjusted basis for the third quarter of 2020 and 2019 exclude certain items, which are detailed in the reconciliation of non-GAAP results.1 "Despite the many challenges created by the ongoing pandemic, our metals, equities, agriculture and data services businesses showed strong performance during the third quarter," said CME Group Chairman and Chief Executive Office...

Business

C.H. Robinson Reports 2020 Third Quarter Financial Results

MINNEAPOLIS, MN (STL.News) C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) today reported financial results for the quarter ended September 30, 2020. C.H. Robinson Worldwide, Inc. Third Quarter Key Metrics: Total revenues increased 9.6 percent to $4.2 billion Net revenues decreased 7.0 percent to $589.3 million Income from operations decreased 16.3 percent to $168.2 million Operating margin decreased 310 basis points to 28.6 percent Diluted earnings per share (E.P.S.) decreased 6.5 percent to $1.00 Cash flow from operations decreased $335.9 million to $168.6 million used by operations “We were able to deliver solid performance across our diversified business portfolio and improve our results as the quarter progressed due to the efforts of our C.H. Robinson team...

Business

UMB Financial Corporation Reports Third Quarter 2020 Financial Results

UMB Financial Corporation Reports Third Quarter 2020 Net Income of $73.1 Million and Announces 3.2% Dividend Increase. GAAP net income of $73.1 million, or $1.52 per diluted share; net operating income of $76.4 million, or $1.59 per diluted share. Pre-tax, pre-provision (PTPP) income of $99.4 million, an increase of 10.2% from the linked quarter. Average loans increased 16.8% on a linked-quarter, annualized basis. Average deposits grew $1.3 billion to $24.1 billion compared to the second quarter of 2020. GAAP book value per share increased 13.8% to $59.43, and tangible book value per share increased 14.5% to $55.19, compared to a year ago. Credit quality remained strong, with net charge-offs of just 0.13% of average loans. KANSAS CITY, MO (STL.News) UMB Financial Corporation (Nasdaq: UMBF)...

Business

Verisign Reports Third Quarter 2020 Financial Results

RESTON, VA (STL.News) VeriSign, Inc. (NASDAQ: VRSN), a global provider of domain name registry services and internet infrastructure, Thursday reported financial results for the third quarter of 2020. VeriSign, Inc. and its subsidiaries (“Verisign”) reported revenue of $318 million for the third quarter of 2020, up 3.1 percent from the same quarter in 2019. Verisign reported net income of $171 million and diluted earnings per share (diluted “EPS”) of $1.49 for the third quarter of 2020, compared to net income of $154 million and diluted EPS of $1.30 for the same quarter in 2019. The operating margin was 65.0 percent for the third quarter of 2020 compared to 66.7 percent for the same quarter in 2019. Net income for the third quarter of 2020 included the recognition of $24 million of prev...

Business

Discover Financial Services Reports Third Quarter 2020

Discover Financial Services Reports Third Quarter Net Income of $771 Million or $2.45 Per Diluted Share RIVERWOODS, IL (STL.News) Discover Financial Services (NYSE: DFS): Discover Financial Services (NYSE: DFS) today reported net income of $771 million or $2.45 per diluted share for the third quarter of 2020, as compared to net income of $770 million or $2.36 per diluted share for the third quarter of 2019. “While the economic environment remains challenging, I am encouraged by the positive developments we saw, with a return to growth in sales in September and very solid credit performance across all of our loan products,” said Roger Hochschild, CEO and President of Discover. “Our results this quarter demonstrate the benefit of actions we took in the first half of the year to mitigate cr...

Business

American Airlines Group Reports Third-Quarter 2020 Financial Results

FORT WORTH, TX (STL.News) American Airlines Group Inc. (NASDAQ: AAL) today reported its third-quarter 2020 financial results, including: Third-quarter revenue of $3.2 billion, down 73% year-over-year on a 59% year-over-year reduction in total available seat miles (ASMs). Third-quarter pretax loss of $3.1 billion. Excluding net special items, third-quarter pretax loss of $3.6 billion. Third-quarter net loss of $2.4 billion, or ($4.71) per share. Excluding net special items, third-quarter net loss of $2.8 billion, or ($5.54) per share. Ended third quarter with approximately $13.6 billion of total available liquidity. In addition, in October, the company increased its loan capacity by $2 billion through the CARES Act loan program to $7.5 billion. With this increase, the company’s t...