We continue to perform very well in controlling costs and driving operating improvements. Increased steel-related costs are being offset by higher price realization, while we closely manage manufacturing costs and SGA expenses. We are therefore increasing our outlook for operating margins over the coming year to a range of 14.6 to 15.5 percent of sales from the previous outlook averaging 13.3 percent.
More Quotes from John Hanson:
I was concerned about the largest industry in Nebraska, which is agriculture. I have a strong ag background and a lot of business experience. We (as part of Osborne's staff) used our resources to create jobs. I look forward to trying to keep it going.John Hanson
The capacity expansion project for PH Mining which was approved by our board in May will not be completed until the end of fiscal 2006. The only other new capacity that will be coming on line in the next 12 months is the shuttle car and motor centers of excellence for Joy Mining in Lebanon, Kentucky, though, for the most part, Joy Mining is constrained by supply chain limits rather than internal capacity. Therefore, it is imperative that our critical suppliers support us as we strive for increased revenues. Assuming that progress can be made in this area, we now believe that total revenues in the coming 12 months will be in the range of 2.15 to 2.35 billion.
John Hanson
We are continuing to experience strong demand in original equipment and for aftermarket services from our customers. Our efforts to increase our capacity to meet their needs have resulted in overall revenues increasing at a dramatic pace. We will continue to take actions necessary to maintain high service levels to our customers and our overall industry leadership position.
John Hanson
Right now, farmers are being penalized for wanting to grow chicory and other crops because there isn't insurance on non-traditional crops. If the farmer goes to the bank, even the banker won't back the idea.
John Hanson
Readers Who Like This Quotation Also Like:
Based on Topics: Sales QuotesBased on Keywords: sga, steel-related
The dwarfed trees of the Chinese and Japanese have been noticed by every author who has written upon these countries, and all have attempted to give some description of the method by which the effect is produced.
Robert Fortune
Work isn't really work for me.
John Kluge
Debt is such a powerful tool, it is such a useful tool, it's much better than colonialism ever was because you can keep control without having an army, without having a whole administration.
Susan George