Wesco International Inc. on Thursday reported a $37.3 million profit for the first quarter, nearly double the figure from a year ago. On a per-share basis, the electrical, industrial and construction products distributor made a 74-cent profit, compared to net earnings of $19.2 million, or 44 cents, in last year's first quarter. Three acquisitions over the past nine months and a positive impact from foreign currency exchange rates contributed to the increase, the Fortune 500 company said.
Wesco International Inc. on Thursday reported a $37.3 million profit for the first quarter, nearly double the figure from a year ago. On a per-share basis, the electrical, industrial and construction products distributor made a 74-cent profit, compared to net earnings of $19.2 million, or 44 cents, in last year's first quarter. Three acquisitions over the past nine months and a positive impact from foreign currency exchange rates contributed to the increase, the Fortune 500 company said.
International collections can present even more obstacles than those encountered in collections on domestic sales with variables such as political risk, foreign currency exchange rates, less developed legal systems and long distances adding extra headaches. The publication enlisted a group of credit professionals to recall some of their international collections nightmares, not to frighten, but to serve as examples of what can happen when things go wrong and possibly how to get through these situations as unscathed as possible. One is of Eduardo Paz, global credit director for Buenos Aires-based Tenaris, who pointed out that he has had a whole array of problems that delay getting paid when selling into Nigeria. Some of the problems Paz mentioned were invoice dispute claims, such as thos...
... shall provide, in their reporting currency, quantitative information about market risk as of ... category (i.e., interest rate risk, foreign currency exchange rate risk, commodity price risk,... selected hypothetical changes in interest rates, foreign currency exchange rates, commodity prices...
...calculated on a constant currency basis, which removes the effect of changes in currrency exchange rates. 2Sales in Canada and Europe were impacted bby foreign currency exchange rates. See below. 3Figures may n...
...calculated on a constant currency basis, which removes the effect of changes in currrency exchange rates. 2Sales in Canada and Europe were impacted bby foreign currency exchange rates. See below. 3Figures may n...
The Colorado Attorney General's office obtained an indictment from the Statewide Grand Jury against a Colorado man suspected of violating Colorado securities fraud laws - while being prosecuted in an unrelated securities fraud case. The indictment said that Hamilton Alan Bird operated a EquityFX Inc., based in Nevada, which sought consumers on foreign exchange currency trading investments, promising high rates of return. Bird used much of the investment money to pay other investors, to show false profits, and for personal expenses, according to AG's office.
... by lower unit volumes and unfavorable foreign currency exchange rates. The company's adjusted ne...
... an additional 2% and changes in foreign currency exchange rates contributed an additional ...
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