Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2
- Creatore Discussione gionmorg
- Data di Inizio
waltermasoni
Caribbean Trader
Vallourec
Risultati pietosi ovviamente .
Sono fuori dai parametri con le banche
Based on June 30, 2020 financial results, the banking covenant ratio, as defined in the banking contracts, would be at 124%. As it is tested once a year on December 31st, according to the contracts, this does not affect Vallourec's ability to draw down its committed banking facilities in 2020.
Se non fanno adc o se lo stato non entra e’ un problema
Risultati pietosi ovviamente .
Sono fuori dai parametri con le banche
Based on June 30, 2020 financial results, the banking covenant ratio, as defined in the banking contracts, would be at 124%. As it is tested once a year on December 31st, according to the contracts, this does not affect Vallourec's ability to draw down its committed banking facilities in 2020.
Se non fanno adc o se lo stato non entra e’ un problema
captain sparrow
Forumer storico
Parecchio grosso direi
bia06
Listen other's viewpoint avoid conflicts & wars.
Dalla presentazione dati trimestrali di Vallourec il dato positivo e' l'aspettativa di free cash flow positivo nella seconda meta' dell'anno. L'aumento di capitale deve avvenire entro feb. 2021. H1 impattato negativamente da risultati Nord America, attesi scarsi anche in H2.
salice02
Forumer storico
Vallourec creuse ses pertes, sa recapitalisation toujours en discussion
PARIS (Reuters) - Vallourec poursuit ses discussions avec ses banques et ses actionnaires afin de trouver de nouvelles solutions de financement après avoir creusé ses pertes au deuxième trimestre sous l'effet de la crise du marché du pétrole et du gaz provoquée
www.boursorama.com
Fabrib
Forumer storico
Second Quarter Financial & Operational Updates
- Second quarter sales down 16% versus last year and 8% in local currency; excluding estimated COVID-19 impact, sales were estimated to be flat with last year
- GAAP diluted E.P.S. of $1.30 versus $0.81 in the prior year period
- Adjusted* diluted E.P.S. of $0.84 vs. $0.83 in the prior year period
- Retired approximately $100 million of Senior Notes through cash tender offers and open market purchases
- Realized approximately $60 million of $180 million ($150 million net) cost reduction target for FY 2020
"The improvements in profitability achieved in the second quarter demonstrate the ongoing commitment to improve operating margins and deliver $180 million in gross cost reductions in 2020. As we head into the second half of the year, we will continue to explore initiatives designed to improve our liquidity, proactively address near term debt obligations, and build a stronger balance sheet," said Sandra Harris, Chief Financial Officer. "Although our 4.75% 2021 Senior Notes became current in June, we have successfully retired approximately $100 million of those notes at a discount to par. Additionally, we continue to work with our advisors to explore opportunities to repurchase, refinance or extend the maturity on our debt, and we believe that our improved profitability and revenue growth through the Turnaround Plan, together with the anticipated sale of our Orlando real estate and other non-core assets, will contribute to our ability to meet our future debt obligations."
Second Quarter Results: (as compared with last year)
Second quarter 2020 sales were $397.4 million, down 16% and local currency sales were down 8%. While average active sales force was down 17%, sales per active sales force was up 11% reflecting strong engagement by the sales force utilizing digital tools and techniques to bring Tupperware's relevant products to market during unprecedented times.
- Europe - Sales $90.8 million, down 25% and local currency sales down 20%
- Asia Pacific - Sales $134.4 million, down 14% and local currency sales down 11%
- North America - Sales $124.0 million, down 1% and local currency sales up 10%
- South America - Sales $48.2 million, down 34% and local currency sales down 12%
- Local currency sales would have been essentially flat, excluding the estimated net adverse COVID-19 impact of $35 million
Liquidity and Capital Allocation
As of June 27, 2020, the Company continues to be in compliance with its financial covenants under its Credit Agreement.
As part of the Turnaround Plan, the Company continued to prioritize the use of cash for the repayment of debt and investments to right size the business.
The 4.75% 2021 Senior Notes became a current liability in June of 2020. The Company expects to continue to address this indebtedness through exploring with its advisors open-market purchases, future tender offers, exchange offers of debt for debt, cash or equity, or otherwise. The Company has successfully retired $98.7 million of those senior notes at a discount to par during the second quarter and an additional $13.4 million subsequent to the second quarter and through July 29, 2020.
Additionally the Company believes that improved profitability and revenue growth through the Turnaround Plan, together with the anticipated sale of its Orlando real estate and other non-core assets in the coming year, will contribute to its ability to meet future debt obligations. During the second quarter ended June 27, 2020 the Company generated $101.8 million of cash flow from operating activities, net of investing activities, through reductions in discretionary spending, improvements in working capital including inventory reductions, and reducing payroll costs, including through organizational redesign, employee furloughs, and permanent reductions in employee headcount.
riky2013
Forumer attivo
Grazie
riky2013
Forumer attivo
Se dovessi comprarle adesso beneficerei della nuova offerta?
fedro10
è la somma che fa il totale...
Transocean Ltd. Reports Second Quarter 2020 Results
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