north america – After Hours http://after-hours.org/ Tue, 15 Mar 2022 11:01:34 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://after-hours.org/wp-content/uploads/2021/07/icon-1-150x150.png north america – After Hours http://after-hours.org/ 32 32 VOLT INFORMATION SCIENCES, INC. MANAGEMENT REPORT AND ANALYSIS OF FINANCIAL POSITION AND OPERATING RESULTS (Form 10-Q) https://after-hours.org/volt-information-sciences-inc-management-report-and-analysis-of-financial-position-and-operating-results-form-10-q/ Tue, 15 Mar 2022 10:44:05 +0000 https://after-hours.org/volt-information-sciences-inc-management-report-and-analysis-of-financial-position-and-operating-results-form-10-q/ Management's discussion and analysis ("MD&A") of financial condition and results of operations is provided as a supplement to and should be read in conjunction with the unaudited condensed consolidated financial statements and related notes to enhance the understanding of our results of operations, financial condition and cash flows. This MD&A contains forward-looking statements within the […]]]>
Management's discussion and analysis ("MD&A") of financial condition and results
of operations is provided as a supplement to and should be read in conjunction
with the unaudited condensed consolidated financial statements and related notes
to enhance the understanding of our results of operations, financial condition
and cash flows. This MD&A contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, including statements that involve expectations, plans or
intentions (such as those relating to future business, future results of
operations or financial condition, including with respect to the anticipated
effects of COVID-19 and related government actions). You can identify these
forward-looking statements by words such as "may," "will," "would," "should,"
"could," "expect," "anticipate," "believe," "estimate," "intend," "plan" and
other similar expressions. These forward-looking statements involve risks and
uncertainties that could cause our actual results to differ materially from
those expressed or implied in our forward-looking statements. This MD&A should
be read in conjunction with the MD&A included in our Annual Report on Form 10-K
for the fiscal year ended October 31, 2021, as filed with the SEC on January 12,
2022 (the "2021 Form 10-K"). References in this document to "Volt," "Company,"
"we," "us" and "our" mean Volt Information Sciences, Inc. and our consolidated
subsidiaries, unless the context requires otherwise. The statements below should
also be read in conjunction with the description of the risks and uncertainties
set forth from time to time in our reports and other filings made with the SEC,
including under Part I, "Item 1A. Risk Factors" of the 2021 Form 10-K and Part
II, "Item 1A. Risk Factors" of this report. We do not intend, and undertake no
obligation except as required by law, to update any of our forward-looking
statements after the date of this report to reflect actual results or future
events or circumstances. Given these risks and uncertainties, readers are
cautioned not to place undue reliance on such forward-looking statements.

Note regarding the use of non-GAAP financial measures


We have provided certain Non-GAAP financial information, which includes
adjustments for special items and certain line items on a constant currency
basis, as additional information for segment revenue, our consolidated net
income (loss) and segment operating income (loss). These measures are not in
accordance with, or an alternative for, measures prepared in accordance with
generally accepted accounting principles ("GAAP") and may be different from
Non-GAAP measures reported by other companies. Our Non-GAAP measures are
generally presented on a constant currency basis, and exclude (i) the impact of
businesses sold or exited, (ii) the impact from the migration of certain clients
from a traditional staffing model to a managed service model ("MSP transitions")
as we believe that the difference in revenue recognition accounting under each
model of the MSP transitions could be misleading on a comparative period basis
and (iii) the elimination of special items. Special items generally include
impairments, restructuring and severance costs, as well as certain income or
expenses which the Company does not consider indicative of the current and
future period performance. We believe that the use of Non-GAAP measures provides
useful information to management and investors regarding certain financial and
business trends relating to our financial condition and results of operations
because they permit evaluation of the results of operations without the effect
of currency fluctuations or special items that management believes make it more
difficult to understand and evaluate our results of operations.

segments


Our reportable segments are (i) North American Staffing, (ii) International
Staffing and (iii) North American MSP. All other business activities that do not
meet the criteria to be reportable segments are aggregated with corporate
services under the category Corporate and Other. Our reportable segments have
been determined in accordance with our internal management structure, which is
based on operating activities. We evaluate business performance based upon
several metrics, primarily using revenue and segment operating income as the
primary financial measures. We believe segment operating income provides
management and investors a measure to analyze operating performance of each
business segment against historical and competitors' data, although historical
results, including operating income, may not be indicative of future results as
operating income is highly contingent on many factors including the state of the
economy, competitive conditions and customer preferences.

We allocate all support-related costs to the operating segments except for costs
not directly relating to our operating activities such as corporate-wide general
and administrative costs. These costs are not allocated to individual operating
segments because we believe that doing so would not enhance the understanding of
segment operating performance and such costs are not used by management to
measure segment performance.

We report our segment information in accordance with the provisions of the
Financial Accounting Standards Board ("FASB") Accounting Standards Codification
280, Segment Reporting ("ASC 280"), aligning with the way the Company evaluates
its business performance and manages its operations.

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Overview


We are a global provider of staffing services (traditional time and
materials-based as well as project-based). Our staffing services consist of
workforce solutions that include providing contingent workers, personnel
recruitment services and managed staffing services programs supporting primarily
administrative and light industrial (commercial) as well as technical,
information technology and engineering (professional) positions. Our managed
service programs ("MSP") involves managing the procurement and on-boarding of
contingent workers from multiple providers.

We operate in approximately 65 of our own locations and have an on-site presence
in over 60 customer locations. Approximately 88% of our revenue is generated in
the United States. Our principal international markets include Europe, Asia
Pacific and Canada locations. The industry is highly fragmented and very
competitive in all of the markets we serve.

Environmental, Social and Governance (“ESG”) Matters


The Company recognizes the importance of ESG matters, with a specific focus on
Human Capital Management, as integral to creating a sustainable foundation for
our long-term business strategy. While the Nominating and Corporate Governance
Committee of the Board of Directors holds primary responsibility for ESG
oversight and guidance, our entire Board of Directors, composed of independent
directors, is fully engaged in these efforts.

Human capital management


Volt operates on the fundamental philosophy that people are our most valuable
asset as every person who works for us has the potential to impact our success
as well as the success of our clients. As a staffing company, identifying
quality talent is at the core of everything we do and our success is dependent
upon our ability to attract, develop and retain highly qualified employees, both
in-house and for our clients. The Company's core values of integrity, customer
centric, ownership, innovation, empowerment, collaborative change and teamwork
establish the foundation on which the culture is built and represent the key
expectations we have of our employees. We believe our culture and commitment to
our employees attract and retain our qualified talent, while simultaneously
providing significant value to our Company and its shareholders.

Demography


As of January 30, 2022, we employed approximately 14,600 people, including
approximately 13,500 who were on contingent staffing assignments with our
clients, and the remainder as full-time in-house employees. Approximately 70% of
the full-time in-house employees are located in North America and the remaining
are within Asia Pacific and Europe. The workers on contingent staffing
assignments are on our payroll for the length of their assignment with the
client.

Diversity and Inclusion


Volt values building diverse teams, embracing different perspectives and
fostering an inclusive, empowering work environment for our employees and
clients. We have a long-standing commitment to equal employment opportunity as
evidenced by the Company's Equal Employment Opportunity policy. Of our North
American in-house employee population, approximately 71% are women and
approximately 48% have self-identified as Hispanic or Latino, Native American,
Pacific Islander, Asian, Black or African American, or of two or more races. As
part of Volt's commitment to continued enhancements in this area, we launched
our Expert Momentum Diversity and Inclusion Program. This program involved the
creation of a task force made up of a group of employees from across the
organization. The program has established initiatives to strengthen the
promotion of workplace diversity for our employees and clients, to create a
collaborative environment that promotes authenticity and a culture that
celebrates our differences, and embraces a collaborative environment with unique
experiences and diverse perspectives. The program's task force will enhance
company-wide engagement on diversity and inclusion, provide education
opportunities for our employees, help identify areas for improvement and monitor
progress against these initiatives.

Benefits and Compensation


Critical to our success is identifying, recruiting, retaining, and incentivizing
our existing and future employees. We strive to attract and retain the most
talented employees in the staffing industry by offering competitive compensation
and benefits. Our pay-for-performance compensation philosophy is based on
rewarding each employee's individual contributions and striving to achieve equal
pay for equal work regardless of gender, race or ethnicity. We use a combination
of fixed and variable pay including base salary, bonus, commissions and merit
increases which vary across the business. In addition, as part of our long-term
incentive plan for executives and certain employees, we provide share-based
compensation to foster our pay-for-performance culture and to attract, retain
and motivate our key leaders.

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As the success of our business is fundamentally connected to the well-being of
our people, we offer benefits that support their physical, financial and
emotional well-being. We provide our employees with access to flexible and
convenient medical programs intended to meet their needs and the needs of their
families. In addition to standard medical coverage, we offer eligible employees
dental and vision coverage, health savings and flexible spending accounts, paid
time off, employee assistance programs, voluntary short-term and long-term
disability insurance and term life insurance. Additionally, we offer a 401(k)
Savings Plan and Deferred Compensation Plan to certain employees. Our benefits
vary by location and are designed to meet or exceed local laws and to be
competitive in the marketplace.

In response to the COVID-19 pandemic, government legislation and key
authorities, we implemented changes that we determined were in the best interest
of our employees, as well as the communities in which we operate. This included
having the majority of our employees work from home for several months, while
implementing additional safety measures for employees continuing critical
on-site work. We continue to embrace a flexible working arrangement for a
majority of our in-house employees, as well as a portion of our contingent
workforce where we continue to provide key services to customers remotely.

Professional development and training


We believe a key factor in employee retention is training and professional
development for our talent. We have training programs across all levels of the
Company to meet the needs of various roles, specialized skill sets and
departments across the Company. All field associates receive Volt's General
Safety Orientation prior to assignment and site-specific job task training from
our clients. Volt offers the Federal Ten Hour and other specialty safety
programs to key employees and clients as a value-add feature of our services.
Volt is committed to the security and confidentiality of our employees' personal
information and employs software tools and periodic employee training programs
to promote security and information protection at all levels. Additionally, in
the second quarter of fiscal 2021, we invested in an online educational platform
to upskill our field associates across North America. This platform provides
significant benefit and support to our employees in furthering their education
and achieving their personal and professional goals, while at the same time
cultivating a better-skilled pool of talent for our clients.

We utilize certain employee turnover rates and productivity metrics in assessing
our employee programs to ensure that they are structured to instill high levels
of in-house employee tenure, low levels of voluntary turnover and the
optimization of productivity and performance across our entire workforce.
Additionally, we have implemented a new performance evaluation program which
adopts a modern approach to valuing and strengthening individual performance
through on-going interactive progress assessments related to established goals
and objectives.

Communication and Engagement

We strongly believe that Volt's success depends on employees understanding how
their work contributes to the Company's overall strategy. To this end, we
communicate with our workforce through a variety of channels and encourage open
and direct communication, including: (i) quarterly company-wide CEO update
calls; (ii) regular company-wide calls with executives; (iii) frequent corporate
email communications; and (iv) employee engagement surveys.

Commitment to Values ​​and Ethics through Governance


Along with our core values, we act in accordance with our Code of Business
Conduct and Ethics ("Code of Conduct"), which sets forth expectations and
guidance for employees to make appropriate decisions. Our Code of Conduct covers
topics such as anti-corruption, discrimination, harassment, privacy, appropriate
use of company assets, protecting confidential information and reporting Code of
Conduct violations. The Code of Conduct reflects our commitment to operating in
a fair, honest, responsible and ethical manner and also provides direction for
reporting complaints in the event of alleged violations of our policies
(including through an anonymous hotline). Our executive officers and supervisors
maintain "open door" policies and any form of retaliation is strictly
prohibited. We take all reports of suspected violations of the Code of Conduct
and unethical behavior seriously and will take appropriate actions to correct
the situation.

Environmental

As a global provider of staffing services, Volt does not produce or manufacture
any products or materials and therefore our environmental impact has been
relatively small. Nevertheless, we understand that certain areas of our business
and operations have an impact on the environment and we are dedicated to
promoting internal sustainability initiatives and keeping our ecological
footprint to a minimum. In addition to certain on-going internal initiatives,
including office waste reduction practices such as printing less and recycling
furniture and electronics, we were able to take advantage of more impactful
opportunities using actions implemented during the COVID-19 pandemic. During
fiscal 2020, we were able to quickly shift to a fully remote in-house workforce
and we continue to have the majority of our in-house employees work remotely
thereby reducing the environmental impact of commuting and office energy
consumption. This work model has allowed us to further decrease our carbon
footprint by exiting and consolidating certain
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offices. We have also been able to reduce certain business travel by using
virtual and collaborative tools whenever possible, further limiting our
ecological impact. Volt is committed to enhancing its environmental protection
measures and continuing to promote an eco-friendly culture both internally and
in the communities it serves.

COVID-19 and Our Response

The global spread of the COVID-19 pandemic created significant volatility,
uncertainty and global macroeconomic disruption. Our business experienced
significant changes in revenue trends at the mid-point of our second quarter of
fiscal 2020 through the beginning of our third quarter of fiscal 2020, as a
number of countries and U.S. federal, state and local governments issued varying
levels of stay-at-home orders and other restrictions and mandates. Our business
was largely converted to a remote in-house workforce and remained open as we
provided key services to essential businesses, both remotely and onsite at our
customers' locations. Beginning in the second half of fiscal 2020, revenue
steadily increased as a result of a combination of existing customers returning
to work, expanding business with existing customers and winning new customers.

We continue to operate on a hybrid-model with certain locations fully staffed
and others opening on a limited voluntary basis. Our COVID-19 Incident Response
Team continues to monitor the most up-to-date developments and safety standards
from the Centers for Disease Control and Prevention, World Health Organization,
Occupational Safety and Health Administration and other key authorities to
determine an appropriate response for our employees and clients. While this team
is continuing to monitor COVID-19 developments globally, we remain focused on
the regulations and vaccine requirements in the U.S. to ensure we are complying
with all relevant regulations. We are also monitoring developments related to
vaccine mandates from certain customers.

We expect the global business environment will continue to operate in various
stages of economic turbulence. We are encouraged by the increase in order
activity and demand throughout the Company, however, the pace of such increase
may be impacted if a resurgence in COVID-19 infections leads to additional
disruptions, government mandates or increased lack of available talent to match
our customers' demands.

For additional discussion of the uncertainties and business risks associated with COVID-19, see Part I, “Item 1A. Risk Factors” of the 2021 Form 10-K.


Critical Accounting Estimates

Casualty Insurance Program

We purchase workers' compensation insurance through mandated participation in
certain state funds and the experience-rated premiums in these state plans
relieve us of any additional liability. Liability for workers' compensation in
all other states as well as automobile and general liability is insured under a
paid loss deductible casualty insurance program for losses exceeding specified
deductible levels and we are financially responsible for losses below the
specified deductible limits. The casualty program is secured by a letter of
credit against our financing arrangement ("DZ Financing Program") with DZ Bank
AG Deutsche Zentral-Genossenschaftsbank ("DZ Bank") of $20.9 million as of
January 30, 2022.

We recognize expenses and establish accruals for amounts estimated to be
incurred, both reported and not yet reported, policy premiums and related legal
and other claims administration costs. We develop estimates for claims as well
as claims incurred but not yet reported using actuarial principles and
assumptions based on historical and projected claim incidence patterns, claim
size and the length of time over which payments are expected to be made.
Actuarial estimates are updated as loss experience develops, additional claims
are reported or settled and new information becomes available. Any changes in
estimates are reflected in operating results in the period in which the
estimates are changed. Depending on the policy year, adjustments to final
expected paid amounts are determined through the ultimate life of the claim. At
January 30, 2022 and October 31, 2021, the casualty insurance liability was
$14.2 million and $13.9 million, respectively.

RECENT DEVELOPMENTS


On February 4, 2022, we reported that our Chief Financial Officer, Herbert
Mueller, is currently unable to perform his duties due to a medical illness and
will temporarily step away from his role as Chief Financial Officer. In Mr.
Mueller's absence, the Company's former Chief Financial Officer, Paul Tomkins,
will serve as Interim Chief Financial Officer, effective February 4, 2022, and
will assume the day-to-day responsibilities of such role until further notice.

The Company and Vega Consulting, Inc. ("Vega"), an affiliate of ACS Solutions, a
global provider of information technology solutions and services, announced on
March 14, 2022, that Volt and Vega entered into a definitive merger agreement
under which Volt will be acquired for $6.00 per share in cash. This per share
purchase price represents a premium of 99% to the Company's closing stock price
on March 11, 2022. Vega will commence a tender offer no later than March 25,
2022, to acquire all outstanding shares of Volt for $6.00 per share in cash. The
merger agreement was approved by Volt's board of directors, which recommends
that Volt stockholders tender their shares in the tender offer. Additional
information related to the Merger Agreement can be found within the Form 8-K
filed by the Company on March 14, 2022.
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Consolidated results by segment

Three months completed January 30, 2022

                                                    North American          International             North            Corporate and
(in thousands)                      Total              Staffing               Staffing             American MSP            Other              Eliminations
Net revenue                      $ 226,928          $   191,196          $         26,018          $   9,709          $         78          $         (73)
Cost of services                   191,835              163,145                    20,800              7,921                    42                    (73)
Gross margin                        35,093               28,051                     5,218              1,788                    36                      -

Selling, administrative and
other operating costs               34,976               21,409                     4,280                815                 8,472                      -
Restructuring and severance
costs                                  591                   67                        70                  -                   454                      -
Impairment charge                       23                    -                         -                  -                    23                      -
Operating income (loss)               (497)               6,575                       868                973                (8,913)                     -
Other income (expense), net           (569)
Income tax provision                   153
Net loss                         $  (1,219)


                                                                           

Three months completed January 31, 2021

                                                    North American          International             North            Corporate and
(in thousands)                      Total              Staffing               Staffing             American MSP            Other              Eliminations
Net revenue                      $ 217,958          $   184,216          $         24,013          $   9,669          $        119          $         (59)
Cost of services                   185,276              157,636                    19,851              7,784                    64                    (59)
Gross margin                        32,682               26,580                     4,162              1,885                    55                      -

Selling, administrative and
other operating costs               33,747               20,646                     3,788              1,353                 7,960                      -
Restructuring and severance
costs                                  632                 (241)                       (8)                 -                   881                      -
Impairment charge                       31                    -                         -                  -                    31                      -
Operating income (loss)             (1,728)               6,175                       382                532                (8,817)                     -
Other income (expense), net           (391)
Income tax provision                   327
Net loss                         $  (2,446)



Consolidated operating results (Q1 2022 vs. Q1 2021)


Net revenue in the first quarter of fiscal 2022 increased $8.9 million, or 4.1%,
to $226.9 million from $218.0 million in the first quarter of fiscal 2021. The
net revenue increase was primarily due to an increase in our North American
Staffing segment of $7.0 million and an increase in our International Staffing
segment of $2.0 million. Excluding the negative impact of foreign currency
fluctuations of $0.8 million, net revenue increased $9.8 million, or 4.5%.

Operating results in the first quarter of fiscal 2022 improved $1.2 million, to
an operating loss of $0.5 million from $1.7 million in the first quarter of
fiscal 2021. Excluding the restructuring and severance costs and impairment
charges, operating results improved $1.2 million to operating income of
$0.1 million. This increase in operating results of $1.2 million was primarily
the result of improvements in our North American Staffing segment of $0.7
million, our International Staffing segment of $0.6 million and our North
American MSP segment of $0.4 million, partially offset by a $0.5 million
increase in operating loss in the Corporate and Other category.

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Operating results by segment (Q1 2022 vs. Q1 2021)

Net revenue


The North American Staffing segment revenue in the first quarter of fiscal 2022
increased $7.0 million, or 3.8%, to $191.2 million from $184.2 million in the
first quarter of fiscal 2021. The increase is attributable to new business wins
in a combination of retail and mid-market clients, combined with the expansion
of business within existing clients and improvements in direct hire revenue.

The International Staffing segment revenue in the first quarter of fiscal 2022
increased $2.0 million, or 8.3%, to $26.0 million from $24.0 million in the
first quarter of fiscal 2021, primarily due to increased direct hire revenue in
the United Kingdom and Singapore, as well as increases in other staffing
business in France, Belgium and the United Kingdom. Excluding the negative
impact of foreign exchange rate fluctuations of $0.8 million, revenue increased
$2.8 million, or 12.3%.

Revenues from the North American MSP segment in the first quarter of fiscal 2022 were flat compared to the first quarter of fiscal 2021. The slight improvement was mainly due to increased demand in its payroll services business , partially offset by a decline in its managed services business.


Cost of services in the first quarter of fiscal 2022 increased $6.5 million, or
3.5%, to $191.8 million from $185.3 million in the first quarter of fiscal 2021.
This increase is primarily due to a $5.5 million increase in our North American
Staffing segment related to the 3.8% increase in revenue and slightly
unfavorable workers' compensation development in the current period partially
offset by an increase of $0.3 million in government wage subsidies. In addition,
our International Staffing segment increased $0.9 million primarily as a result
of the 8.3% increase in revenue.

Gross margin as a percent of revenue in the first quarter of fiscal 2022
increased to 15.5% from 15.0% in the first quarter of fiscal 2021. Our North
American Staffing segment gross margin as a percent of revenue increased
primarily due to a mix of higher margin business, partially offset by slightly
unfavorable workers' compensation development in the current quarter. Our
International Staffing segment gross margin as a percent of revenue primarily
increased due to an increase in direct hire revenue. Our North American MSP
segment gross margin as a percent of revenue decreased primarily due to the mix
of business. Government wage subsidies accounted for 40 basis points of the
increase in the first quarter of fiscal 2022 compared to 30 basis points in the
first quarter of fiscal 2021.

Selling, administrative and other operating expenses


Selling, administrative and other operating costs in the first quarter of fiscal
2022 increased $1.3 million, or 3.6%, to $35.0 million from $33.7 million in the
first quarter of fiscal 2021. The increase was primarily due to $0.7 million in
labor as a result of changes in headcount and $0.5 million in equity
compensation, partially offset by an increase in government wage subsidies of
$1.4 million. In addition, there was an increase in professional fees of
$0.8 million and depreciation expense of $0.3 million. As a percent of revenue,
selling, administrative and other operating costs were 15.4% and 15.5% in the
first quarter of fiscal 2022 and 2021, respectively.

Restructuring and redundancy costs


Restructuring and severance costs remained consistent at $0.6 million in both
the first quarter of fiscal 2022 and 2021. Restructuring and severance costs in
the first quarter of fiscal 2022 were primarily due to $0.5 million in ongoing
costs of facilities exited in fiscal 2020. Restructuring and severance costs in
the first quarter of fiscal 2021 primarily included $0.3 million of severance
costs resulting from the elimination of certain positions as part of our
continued efforts to reduce costs and $0.6 million related to the ongoing costs
of facilities exited in fiscal 2020 partially offset by a $0.3 million lease
termination gain.

Other Income (Expense), net

Other expense in the first quarter of fiscal 2022 increased $0.2 million, to
$0.6 million from $0.4 million in the first quarter of fiscal 2021 due to an
increase in non-cash foreign exchange losses primarily on intercompany balances.

Provision for income tax

The income tax provision of $0.2 million and $0.3 million in the first quarter of fiscal 2022 and 2021, respectively, were primarily related to locations outside of United States.

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CASH AND CAPITAL RESOURCES


Our primary sources of liquidity are cash flows generated from operations and
proceeds from the DZ Financing Program. Both operating cash flows and borrowing
capacity under our financing arrangement are directly related to the levels of
accounts receivable generated by our business. Our primary capital requirements
include funding working capital, operating lease obligations and
software-related expenditures.

We define our working capital as cash plus trade accounts receivable minus
current liabilities. Our working capital requirements consist primarily of
payroll, employee-related benefits and employment-related tax payments for our
contingent staff and in-house employees and trade payables, offset by
collections of customer receivables. Our most significant current asset is trade
accounts receivable, which are generally on 15 - 45 day credit terms, and our
most significant current liabilities are payroll related costs, which are
generally paid weekly. Consequently, as the demand for our services increases,
we generally see an increase in our working capital requirements, as we continue
to pay our contingent employees on a weekly basis while the related accounts
receivable is outstanding for much longer, which may result in a decline in
operating cash flows. Conversely, as the demand for our services declines, we
generally see a decrease in our working capital needs, as the existing accounts
receivable are collected and not replaced at the same level. This may result in
an increase in our operating cash flows; however, any such increase would not be
expected to be sustained in the event that an economic downturn continued for an
extended period.

Our business is subject to seasonality with our first fiscal quarter billings
typically the lowest due to the holiday season and generally increasing in the
third and fourth fiscal quarters when our customers increase the use of
contingent labor. Accordingly, the first and fourth quarters of our fiscal year
are generally the strongest for operating cash flows.

We manage our cash flow and related liquidity on a global basis. As mentioned,
we fund payroll, taxes and other working capital requirements using cash
generated by operating activities supplemented as needed from our borrowings.
Our weekly payroll payments inclusive of employment-related taxes and payments
to vendors are approximately $16.0 - $17.0 million. We generally target minimum
global liquidity to be 1.5 times our average weekly requirements taking into
account seasonality and cyclical trends. We also maintain minimum effective cash
balances in foreign operations and use a multi-currency netting and overdraft
facility for our European entities to further minimize overseas cash
requirements. We believe our cash flow from operations, as well as our borrowing
availability under our financing program, will be sufficient to meet our cash
needs for the next twelve months based on current business plans.

Our capital allocation strategy is focused on strengthening our balance sheet
and financial flexibility, as well as continuing to invest in our growth and
profitability initiatives. This strategy includes effectively managing working
capital to maximize operational efficiency, re-investing in our core growth
initiatives, in both technology enhancements and sales and recruiting talent.
These priorities demonstrate our ongoing commitment to Volt shareholders as we
continue to execute on our overall strategic plan and return to sustainable
profitability.

End of the first financial quarter January 30, 2022 compared to the first financial quarter ended January 31, 2021

Our available liquidity and capital resources are influenced by four key elements: cash, including cash equivalents and restricted cash, operating activities, investing activities and financing activities, as shown below. below compared to the previous year.

From January 30, 2022our cash, cash equivalents and restricted cash totaled
$63.4 million compared to $76.6 million from October 31, 2021.

Cash flows from operating, investing and financing activities, as reflected in our condensed consolidated statements of cash flows, are summarized in the following table (in thousands):


                                                              Three Months 

Ended

                                                    January 30, 2022      January 31, 2021
Net cash used in operating activities              $         (11,916)     $ 

(6,499)

Net cash used in investing activities                           (641)       

(963)

Net cash used in financing activities                            (16)       

(166)

Effect of exchange rate changes on cash, cash
equivalents and restricted cash                                 (597)       

(13)

Net decrease in cash, cash equivalents and
restricted cash                                    $         (13,170)     $        (7,641)



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Cash Flow – Operating Activities


The net cash used in operating activities in the three months ended January 30,
2022 increased $5.4 million from the cash used in operating activities in the
three months ended January 31, 2021. This increase resulted primarily from a
$6.6 million increase in cash used in operating assets and liabilities,
primarily from a $13.1 million payment made towards deferred tax payments
(discussed below), partially offset by an increase related to customer receipts
and vendor payments. This increase in cash used in operating activities was
partially offset by a decrease in net loss of $1.2 million.

Cash generated from operations was supplemented by the enactment of laws
providing COVID-19 relief, most notably the CARES Act which allowed for the
deferral of payments of the Company's U.S. social security taxes between March
27, 2020 and December 31, 2020. As a result, $26.2 million of employer payroll
tax payments were deferred with $13.1 million paid on January 3, 2022 and the
remaining amounts payable with the December 31, 2022 tax payment in January
2023. In addition, certain state governments have delayed payment of various
state payroll taxes for a shorter period of time. State payroll taxes of
approximately $4.4 million deferred from the fourth quarter of fiscal 2021 were
paid beginning in the first quarter of fiscal 2022. The Company's payment of
approximately $5.1 million of state payroll taxes will be deferred from the
first quarter of fiscal 2022 with payments scheduled to begin in the second
quarter of fiscal 2022.

Additionally in fiscal 2021, we determined that we were eligible for the
employee retention tax credit ("ERTC") under the CARES Act for certain wages
paid through September 30, 2021, as our operations were fully or partially
suspended due to government orders enacted in response to the COVID-19 pandemic.
These credits reduced our payroll tax payments during fiscal 2021 through the
first half of fiscal 2022 by $12.2 million and were treated as government wage
subsidies.

Cash Flow – Investing Activities


The net cash used in investing activities in the three months ended January 30,
2022 was $0.6 million, as a result of purchases of property, equipment and
software primarily relating to our investment in updating our business
processes, back-office financial suite and information technology tools. The net
cash used in investing activities in the three months ended January 31, 2021 was
$1.0 million, principally for the purchases of property, equipment and software.

Cash flow – Financing activities


The net cash used in financing activities was minimal in the three months ended
January 30, 2022. The net cash used in financing activities in the three months
ended January 31, 2021 was $0.2 million as a result of debt issuance costs.

Funding program


The DZ Financing Program is fully collateralized by certain receivables of the
Company that are sold to a wholly-owned, consolidated, bankruptcy-remote
subsidiary. To finance the purchase of such receivables, that subsidiary may
request that DZ Bank make loans from time-to-time to that subsidiary which are
secured by liens on those receivables. The Maximum Facility Amount, as defined
in the DZ Financing Program is $100.0 million.

In December 2020, the Company amended the DZ Financing Program, which was
originally executed on January 25, 2018. The modifications to the agreement were
to (1) extend the Amortization Date, as defined in the DZ Financing Program,
from January 25, 2023 to January 25, 2024; (2) extend the Facility Maturity
Date, as defined in the DZ Financing Program, from July 25, 2023 to July 25,
2024; (3) revise an existing covenant to maintain positive net income in any
fiscal year ending after 2020 to any fiscal year ending after 2021; (4) replace
the existing Tangible Net Worth ("TNW") covenant requirement, as defined in the
DZ Financing Program, to a minimum TNW of $20.0 million through the Company's
fiscal quarter ending on or about July 31, 2021 and $25.0 million in each
quarter thereafter; and (5) revise the eligibility threshold for the receivables
of a large North American Staffing customer from 5% of eligible receivables to
8%, which increased our overall availability under the Program by $1.0 -
$3.0 million. All other terms and conditions remained substantially unchanged.

Loan advances may be made under the DZ Financing Program through January 25,
2024 and all loans will mature no later than July 25, 2024. Loans will accrue
interest (i) with respect to loans that are funded through the issuance of
commercial paper notes, at the CP rate, and (ii) otherwise, at a rate per annum
equal to adjusted LIBOR. The CP rate will be based on the rates paid by the
applicable lender on notes it issues to fund related loans. Adjusted LIBOR is
based on LIBOR for the applicable interest period and the rate prescribed by the
Board of Governors of the Federal Reserve System for determining the reserve
requirements with respect to Eurocurrency funding. If an event of default
occurs, all loans shall bear interest at a rate per annum equal to the prime
rate (the federal funds rate plus 3%) plus 2.5%.

                                       23
--------------------------------------------------------------------------------

The DZ Financing Program also includes a letter of credit sub-facility with a
sub-limit of $35.0 million. As of January 30, 2022, the letter of credit
participation was $22.1 million inclusive of $20.9 million for the Company's
casualty insurance program and $1.2 million for the security deposit required
under certain real estate lease agreements.

The DZ Financing Program contains customary representations and warranties as
well as affirmative and negative covenants. The agreement also contains
customary default, indemnification and termination provisions. The DZ Financing
Program is not an off-balance sheet arrangement, as the bankruptcy-remote
subsidiary is a 100%-owned consolidated subsidiary of the Company.

The Company is subject to certain financial and portfolio performance covenants
under the DZ Financing Program, including (1) a minimum TNW, as defined in the
DZ Financing Program, of $20.0 million through the Company's fiscal quarter
ending on or about July 31, 2021 and $25.0 million in each quarter thereafter;
(2) positive net income in any fiscal year ending after 2021; (3) maximum debt
to TNW ratio of 3:1; and (4) a minimum of $15.0 million in liquid assets, as
defined in the DZ Financing Program.

At January 30, 2022, the Company had outstanding borrowings under the DZ
Financing Program of $60.0 million. Borrowing availability, as defined under the
DZ Financing Program, was $2.7 million and global liquidity was $49.6 million at
January 30, 2022.

Our DZ financing program is subject to termination upon certain events of default, such as breach of covenants, including financial covenants. AT
January 30, 2022, we complied with all covenants. We believe, based on our 2022 plan, that we will continue to be able to meet our financial commitments under the DZ funding program.

The following table shows our global cash and liquidity levels at the end of our last five fiscal quarters (in thousands):

Global liquidity

                                 January 31, 2021     May 2, 2021     

August 21, 2021 October 31, 2021 January 30, 2022
Cash and cash equivalents (a) $40,062 $47,231 $

$49,595 $71,373 $54,864

Total outstanding debt $60,000 $60,000 $

  60,000    $         60,000    $         60,000

Cash in banks (b)(c)            $         36,962    $     39,288    $         43,076    $         52,938    $         46,930
DZ Financing Program                       2,225           2,868               3,990               6,046               2,657
Global liquidity                          39,187          42,156              47,066              58,984              49,587
Minimum liquidity threshold               15,000          15,000              15,000              15,000              15,000
Available liquidity             $         24,187    $     27,156    $         32,066    $         43,984    $         34,587



a.Per financial statements.
b.Amount generally includes outstanding checks.
c.Amounts in the USB collections account are excluded from cash in banks as the
balance is included in the borrowing availability under the DZ Financing
Program. As of January 30, 2022, the balance in the USB collections account
included in the DZ Financing Program availability was $7.5 million.

Liquidity outlook


As previously noted, our primary sources of liquidity are cash flows from
operations and proceeds from our financing arrangements. Both operating cash
flows and borrowing capacity under our financing arrangements are directly
related to the levels of accounts receivable generated by our businesses. Our
level of borrowing capacity under the DZ Financing Program increases or
decreases in tandem with any increases or decreases in accounts receivable based
on revenue fluctuations.

While we believe our cash provided by operating activities and borrowing
availability under the DZ Financing Program will be sufficient to meet our
operating working capital and capital expenditure requirements at a minimum for
the next twelve months, the extent to which any on-going or resurgence of
COVID-19 related impacts could affect our business, financial condition, results
of operations and cash flows in the short- and medium-term cannot be predicted
with certainty. We may also face unexpected costs or an adverse impact on our
business operations in connection with government mandated COVID-19
vaccine-related policies and procedures. Any of the above could have a material
adverse effect on our business, financial condition, results of operations and
cash flows and require us to seek additional sources of liquidity and capital
resources.

Many governments in countries and territories in which we do business have
announced that certain payroll, income and other tax payments may be deferred
without penalty for a certain period of time as well as providing other cash
flow related relief packages. As noted above, we determined that we qualify for
the payroll tax deferral under the CARES Act which allows us to delay payment of
the employer portion of payroll taxes and we are evaluating whether we qualify
for certain employment tax credits. If we qualify for such
                                       24
--------------------------------------------------------------------------------

credits, the credits will be treated as government wage subsidies which will
offset related operating expenses. We continue to monitor these relief packages
to take advantage of all of those which are available to us.

Entering fiscal 2022, we have significant tax benefits including federal net
operating loss ("NOL") carryforwards of $210.0 million, U.S. state NOL
carryforwards of $226.3 million, international NOL carryforwards of $8.3 million
and federal tax credits of $53.3 million, which are fully reserved with a
valuation allowance which we will be able to utilize against future profits. As
of October 31, 2021, the U.S. federal NOL carryforwards will expire at various
dates between 2031 and 2038 (with some indefinite), the U.S. state NOL
carryforwards will expire at various dates beginning in 2022 (with some
indefinite), the international NOL carryforwards will expire at various dates
beginning in 2022 (with some indefinite) and federal tax credits will expire
between 2022 and 2040.

In addition to our discussion and analysis surrounding our liquidity and capital
resources, our significant contractual obligations and commitments as of January
30, 2022, include:

• Debt securities and interest payments – From January 30, 2022our outstanding debt was $60.0 million. See Note 9, “Debt,” to our consolidated financial statements, for more details on our debt and the timing of expected future principal and interest payments.

• Lease obligations – From January 30, 2022our remaining contractual commitment for the leases was $39.6 million. See Note 3, “Leases,” to our consolidated financial statements for more details on our obligations and the timing of expected future payments, including a five-year maturity.


•Software-Related Expenditures - As of January 30, 2022, we had contractual
commitments for software-related expenditures of $3.7 million. We anticipate
capital expenditures in fiscal 2022 of approximately $4.0 - $5.0 million as we
continue to support our strategic initiatives through improved technology, as
necessary. While the majority of our software-related contractual obligations
does not currently extend beyond fiscal 2022, we anticipate annual payments of
approximately $5.5 million for the on-going use of our core technology.

•Casualty Insurance - As of January 30, 2022, we had accrued casualty claims of
$14.2 million under our Casualty Insurance Program. While we cannot accurately
predict future insurance claim liability, we estimate our related expenditures
in fiscal 2022 to be in the range of $8.0 - $11.0 million, based on historical
data.

Off-balance sheet arrangements

From January 30, 2022we had no off-balance sheet arrangements that have, or are reasonably likely to have, a material current or future effect on our consolidated financial condition, results of operations, liquidity, capital expenditures or capital resources.

© Edgar Online, source Previews

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Remote Control Car Market 2022 https://after-hours.org/remote-control-car-market-2022/ Sun, 27 Feb 2022 02:54:24 +0000 https://after-hours.org/remote-control-car-market-2022/ Remote Control Car Market Research Overview The Global Remote Control Car Market exhibits comprehensive information which is a valuable source of insightful data for business strategists during the decade 2017-2027. Based on historical data, the Remote Control Car market report provides key segments and their sub-segments, revenue and demand and supply data. Given the technological […]]]>

Remote Control Car Market Research Overview

The Global Remote Control Car Market exhibits comprehensive information which is a valuable source of insightful data for business strategists during the decade 2017-2027. Based on historical data, the Remote Control Car market report provides key segments and their sub-segments, revenue and demand and supply data. Given the technological breakthroughs in the market, the remote control car industry is likely to emerge as a laudable platform for emerging investors in the remote control car market.

The results of recent scientific endeavors towards the development of new remote control car products have been studied. Nonetheless, factors affecting major industry players to adopt synthetic sourcing of market products have also been studied in this statistical survey report. The findings provided in this report are of great value to major industry players. Every organization involved in the global production of Remote Control Car market products has been mentioned in this report, to study the information on cost-effective manufacturing methods, competitive landscape and new application avenues.

This report contains an in-depth analysis of pre-pandemic and post-pandemic market scenarios. This report covers all recent developments and changes recorded during the COVID-19 outbreak.

Get a sample report: https://www.marketresearchupdate.com/sample/358304

Major Key Players in the Market:
Team Losi, XQ Toys, Axial Racing, Tamiya, Team Associated, Redcat Racing, Maisto, Kid Galaxy, ARRMA Durango, Traxxas, Hosim

The types covered in this report are:
Gas powered, electric

Based on the app:
Online Sales, Offline Sales

With current market norms being revealed, the Remote Control Car market research report has also impartially illustrated the latest strategic developments and patterns of market players. The report serves as a presumptive business document that can help the buyers in the global market to plan their next courses towards the future position of the market.

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Regional Analysis For Remote Control Car Market

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia and Italy)
Asia Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

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Micromotor sales will reach US$56.6 billion by 2031; Demand https://after-hours.org/micromotor-sales-will-reach-us56-6-billion-by-2031-demand/ Mon, 21 Feb 2022 18:35:00 +0000 https://after-hours.org/micromotor-sales-will-reach-us56-6-billion-by-2031-demand/ ROCKVILLE, Md., Feb. 21 10, 2022 (GLOBE NEWSWIRE) — According to a revised report published by Fact.MR – a market research and competitive intelligence provider, the global micromotor market is expected to reach a market value of US$56.6 billion by the end of 2020. end of 2031, and will likely proliferate at a CAGR of […]]]>

ROCKVILLE, Md., Feb. 21 10, 2022 (GLOBE NEWSWIRE) — According to a revised report published by Fact.MR – a market research and competitive intelligence provider, the global micromotor market is expected to reach a market value of US$56.6 billion by the end of 2020. end of 2031, and will likely proliferate at a CAGR of 4.5% over the next ten years.

The adoption of new technologies such as automatic welding machines, robotic arms and automatic wheelchairs has diversified the application of micromotors in various end-use industries. In addition, the particular characteristics of micromotors make them ideal for use in modern electrical and electronic systems with limited space and power.

The global micromotor industry is consolidated at the top and fragmented at the bottom, due to small investments, lower costs and easy availability of skilled labor.

Recently released micro motor market analysis shows that global demand grew year-on-year (YoY) by 4.2% in 2021, to total a valuation of around US$36 billion. Sales of DC micromotors posted positive growth of 4.3% to total a market valuation of approximately US$27 billion, while AC micromotor sales increased 3.9% to US$8.6 billion.

Request a sample to get detailed insights of Micromotors market at https://www.factmr.com/connectus/sample?flag=S&rep_id=95

Fact.MR, a market research and competitive intelligence provider, scrutinizes the micromotor market. Historically, from 2016 to 2020, the global market valuation has increased by 1.4% CAGR, where the United States, Germany, China, Japan, India and South Korea hold a significant share of the income in the global market.

With growing end-user concerns about reducing electronic equipment costs, the demand for micromotors is expected to grow at a substantial CAGR of 4.5% over the next decade.

  • The global automotive micromotors market is expected to reach US$56.6 billion in value by the end of 2031.
  • APEJ is expected to create the highest absolute dollar opportunity in terms of value – US$8 billion.
  • APEJ and North America contribute significantly to market growth and represent approximately 34.6% and 23% of market share respectively.
  • Sales of DC micromotors are expected to accelerate at the highest rate.
  • The top 5 micromotor vendors held around 25% market share in 2020.
  • While demand has been impacted by COVID-19, over the decade, long-term forecasts look bright, especially for the electronics and automotive industries.

Market Segments Covered by Micromotors Industry Research
By product type

  • DC micromotors
  • AC micro motors

By power consumption

  • Less than 12V Micro Motors
  • 12V-48V micro motors
  • Over 48V Micro Motors

By request

  • Automotive micromotors
  • Micromotors for medical equipment systems
  • Micromotors for industrial automation
  • Micro motors for agricultural equipment system
  • Micromotors for aeronautical systems
  • Micromotors for construction and mining equipment systems
  • Micromotors for 3D printing

By technology

  • Brushed micro-motors
  • Brushless micromotors

To learn more about Micro Motor Market, you can contact our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=95

Regional Analysis of the Micro Motor Market
Japan: Thanks to advancements in technology, Japan holds a notable market share of around 4% globally. Japan has several key players such as Nidec Corporation, Mitsuba Corporation, Mabuchi Motors, and a few others, which are expected to lift its growth line.

Germany: Germany is one of the largest countries in Europe and has attracted the market with an annual growth of 4.3% in 2021. Germany has captured a dominant market share in Europe of more than 40% in 2021.

UK: The UK is also expected to be one of the most lucrative regions in Europe, after Germany. The UK is assumed to hold around 24% market share in the European market and is estimated to be worth around $3.4 billion by 2031.

India: Several regional government policies towards the manufacturing sector with a view to boosting industrialization, the demand for micro motors is increasing in India. The market is expected to register a healthy growth rate of around 5.5% CAGR during the assessment period.

WE: The United States is one of the major countries responsible for generating demand due to the maturity of end-use industries and infrastructure development. The United States is expected to account for nearly 83% of the North American market by the end of 2031.

Key insights from market research

  • The global micromotor market is expected to offer an absolute dollar opportunity of US$20.5 billion by 2031.
  • The demand for DC micromotors is expected to grow at a CAGR of almost 5% over the next ten years.
  • The automotive application segment is expected to gain 141 bps and reach a market share of 27.5% by 2031.
  • APEJ is the global market leader representing more than a third of revenue generation.
  • China holds the highest market value of US$5.2 billion in APEJ and is expected to grow 1.7 times by 2031.
  • In the MEA, Israel holds the lowest share and is expected to lose 59 bps by 2031.

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Competitive landscape
Additionally, the tier-one players seem to be the most interested in acquisitions, collaborations, expanding capacity, and building global distribution and sales networks.

Some of the key developments are:

  • In December 2020, ABB Ltd opened a new global R&D center at the technology campus of Delft University, the Netherlands, with an investment of US$10 million, to enable next-generation solutions for the e-mobility.
  • In February 2021, Nidec announced the acquisition of shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd.
  • In March 2021, the Maxon group strengthened its presence in France. The company is investing 10 million euros in a new Innovation and Production Center in Beynost, near Lyon.
  • In February 2021, Johnson Electric Holdings Limited announced a new series of low voltage DC motors for smart furniture applications.

Profiled Key Companies

  • ABB Ltd.
  • NIDEC Company
  • Mabuchi Motors
  • Bühler Motors GmbH
  • Maxon Motors AG
  • CONSTAR engine
  • Johnson Electric Holdings Limited
  • Mitsuba Company

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Explore Fact.MR’s Industrial Goods Coverage –

Agriculture Equipment Market Analysis: The increasing mechanization of agriculture globally coupled with an increase in the disposable income of farmers is expected to improve the growth prospects of the agricultural equipment market. Additionally, the advent of agricultural robotics and automation offers lucrative opportunities for agricultural equipment. Explore Fact.MR’s extensive coverage of this industry for the next decade.

combine harvester market– The adoption of agricultural equipment, including combine harvesters, is still unsatisfactory in several regions of the world, particularly in developing countries because of its exorbitant price. To address these issues, the governments of these countries are putting in place policies to provide farmers with better access to modern agricultural equipment.

Agriculture Drone Industry Report: A major technological advancement in recent times concerns the field of unmanned aerial vehicles, better known as drones. Originally developed for aerospace and military purposes, drones have now found their way into various sectors, such as agriculture, due to their increased levels of safety and the efficiency they provide. An increase in automation and attention to detail by drones in agriculture is one of the main reasons why farmers are adopting them.

Scope of the land clearing accessories market: The increase in construction buildings in the commercial and residential sectors in developing countries such as China, India and Brazil, has led to an increase in the demand for land clearing attachments to clear land or for vegetation applications, which in turn fuels the global market. request for land clearing accessories. The growing demands of the landscaping and agriculture industry have shown an optimistic picture to land clearing implement manufacturers.

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Differing opinions prevail ahead of STB reciprocal commutation hearing https://after-hours.org/differing-opinions-prevail-ahead-of-stb-reciprocal-commutation-hearing/ Fri, 18 Feb 2022 14:10:55 +0000 https://after-hours.org/differing-opinions-prevail-ahead-of-stb-reciprocal-commutation-hearing/ With the February 14 filing date for the reciprocal commutation regulations proposed by the Surface Transportation Board (STB) earlier this week, various freight rail stakeholders made their pros and cons in comments filed with the STB. A public hearing organized by the STB on these regulations is scheduled for March 15 and 16 at the […]]]>

With the February 14 filing date for the reciprocal commutation regulations proposed by the Surface Transportation Board (STB) earlier this week, various freight rail stakeholders made their pros and cons in comments filed with the STB. A public hearing organized by the STB on these regulations is scheduled for March 15 and 16 at the STB’s headquarters in Washington, DC.

The STB’s proposed reciprocal switching legislation, proposed in 2016, would allow a rail shipper to switch to another railroad if the shipper makes certain visits. According to the STB’s definition, reciprocal switching is a situation in which a railroad that has physical access to a specific shipper’s facility switches rail traffic to another railroad’s facility that does not have physical access. And the second railroad compensates that railroad that has physical access in the form of a per-car switching fee, with the shipper facility having access to an additional railroad.

STB officials said this hearing will focus on the proposed reciprocal commutation regulations in Reciprocal Commutation Filing No. EP 711 (Sub-No. 1) et al (NPRM), which introduced new regulations under which it would exercise its legal power to require rail carriers to establish switching agreements in certain circumstances. They added that the NPRM has received varying responses from industry stakeholders, noting that the STB has reviewed the existing record in this instance.

STB explained that under reciprocal switching, an incumbent carrier moves a shipper’s traffic to an interchange point, where it transfers the cars to the competing carrier. And she observed that the competing carrier pays the incumbent carrier a switching fee to bring or pick up cars from the shipper’s facility to the interchange point, or vice versa.

“Switching charges are somehow rolled into the competing carrier’s total shipper rate,” the STB said. “Reciprocal switching thus allows a competing carrier to offer its own single line to compete with the incumbent’s single line rate, even if the competing carrier’s lines do not physically reach the facility of a sender.”

In its comments, the Association of American Railroads (AAR) explained that at the bottom of the matter, shippers are asking the STB to adopt a forced, or competitive, commutation rule in order to pay lower fares.

“The apparent purpose of this rule is to force a carrier to offer switching services which the carrier has no reason to offer, and which the shipper does not need, because the carrier already has other means to route sender traffic from origin to destination,” the AAR said. “But shippers will demand reduced origin-destination rates, negotiating in the shadow of the threat of regulatory orders requiring these switching services, regulatory orders setting their prices, and regulatory orders on how this switching should proceed. produce. [T]The end result would be to increase shippers’ profits at the expense of carriers.

Other key points arguing against reciprocal commutation cited by the AAR include:

  • the possibility of discouraging future railway investment;
  • industries that want the proposed rule have much higher returns on investment relative to their cost of capital than the rail industry;
  • not because all shippers should pay the same tariffs, as it is widely accepted that differential pricing is necessary for the future viability of the rail network; and
  • additional switching means additional complexity and potential lag points, among other things

In the comments provided to MLAAR President and CEO Ian Jefferies said AAR’s filing provides sound economic and legal analysis, making it clear that the Board must abandon its misguided forced switching NPRM.

“With a wide range of input from a diverse number of affected stakeholders, it is clear that forced change is widely opposed and would have myriad downsides, including negative impacts on efficiency, investment and sustainability. environment,” he said. “I hope the Council will consider this input as it continues to deliberate on this matter.”

The Intermodal Association of North America (IANA) aligned with the AAR in its filed comments, with IANA President and CEO Joni Casey noting that he encourages the STB to proceed with method and with restraint as it contemplates major market intervention in the form of the ‘reciprocal switching’ regulation project.

Historically, IANA has opposed policies that significantly alter current laws under which freight railways operate – including widespread forced switching as recommended in the 2016 Notice of Proposed Rulemaking (NPRM)” , Casey said. “In the absence of a definitive demonstration of market failure and a conclusive cost-benefit analysis, the efforts contemplated under this proposed rule are unwarranted. We believe that the impact of a forced switch to intermodal freight would most likely be: a decline in rail infrastructure; a decrease in network speed; a deterioration in domestic intermodal service; and a negative impact on the ability of intermodal to compete with road trucking. These results are troubling given the supply chain challenges that persist, both domestically and internationally.

The National Stone, Sand & Gravel Association took a different view in its comments, saying the STB was looking for ways to improve the use of reciprocal commutation consistent with Congressional intent.

“These proposed rules will also ensure better rail service which is now crucial to the aggregates industry following the passage of the IIJA (Infrastructure Investment and Jobs Act,” he said. “NSSGA urges the Board to give life to this remedy that has been essentially dormant for decades and to provide rail shippers with a method to counter the relentless market power of Class I railroads over NSSGA member companies.

As previously reported by MLSTB Chairman Martin Oberman told the November RailTrends conference hosted by Progressive Railroading and independent railroad analyst Anthony Hatch that the STB has had many discussions about EP 711 with industry stakeholders. industry expressing, for the most part, diametrically opposed opinions on the subject.

“It has become clear to me that this issue is too big and has a significant improvement to improve the competitive playing field to just have these endless discussions between the STB, the railroads and their customers,” he said. . “These issues should be aired publicly, the kind of vigorous discussion that such a hearing will bring. Since joining the STB, I have focused much of my attention on promoting as much competition as possible in the provision of rail services. Because in our American system, more competition in business almost always means better products, better prices, and a stronger economy. I believe there is potential for a more accessible reciprocal switching mechanism to provide this concurrency response. Any railroad that truly offers this kind of service at fair prices should welcome such an environment. »

Additionally, Oberman echoed the sentiment expressed by the late E. Hunter Harrison, who ran CSX, CN and CP, at various times in his career, and conceived the concept of the precision programmed railroad.

Harrison, Oberman noted, saw reciprocal switching as one of those regulations in place, but people don’t really benefit from it because individual carriers don’t have to do their job.

“My opinion is that for years many rail workers have been afraid of the term open access and I don’t know why,” Oberman said quoting Harrison. “What that tells me is that all they’re going to do is open up more competition and with a very limited number of players in North America, it’s important to maintain that competitive balance. If an individual carrier…provide the right kind of service for the customer at a fair and appropriate price, we have nothing to worry about.If we don’t provide the service, we shouldn’t be reluctant to have someone another come and provide this service.”

Oberman concluded his comments on reciprocal switching by noting that while reciprocal switching was good enough for Harrison – and it’s good enough to be accepted as a condition in many parts of the US networks that have been subject to the mergers of the years 1990 – then it should be good enough for the industry today.

About the Author

Jeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics management, Modern material handlingand Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine where he covers all aspects of the supply chain, logistics, freight forwarding and material handling industries on a daily basis. Contact Jeff Berman

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End-User Payday Loans Service Key Tarp Sheets, Maximum Sales Recognition: Study – Sox Sphere https://after-hours.org/end-user-payday-loans-service-key-tarp-sheets-maximum-sales-recognition-study-sox-sphere/ Thu, 10 Feb 2022 10:24:44 +0000 https://after-hours.org/end-user-payday-loans-service-key-tarp-sheets-maximum-sales-recognition-study-sox-sphere/ The main objective of the Payday Loan Services Market report is to help the reader understand the market in terms of definition, segmentation, market potential, influential trends and the challenges that the market is facing with major regions and emerging countries. Readers will find this report very helpful in understanding the market in depth. Market […]]]>

The main objective of the Payday Loan Services Market report is to help the reader understand the market in terms of definition, segmentation, market potential, influential trends and the challenges that the market is facing with major regions and emerging countries. Readers will find this report very helpful in understanding the market in depth. Market data and information is obtained from reliable sources such as websites, company annual reports, newspapers, etc., and has been verified and validated by industry experts.

Book your FREE sample report @ https://www.intelligencemarketreport.com/report-sample/417902

While preparing the Payday Loan Services market report, extensive research and analysis has been done. In the report, facts and data are represented by charts, graphs, pie charts, and other illustrations. This improves the visual representation and contributes to a better understanding of the facts.

Market segmentation

The report contains details about each region and country related to the market. Identification of its production, usage, import and export, sales volume and revenue forecast. The report includes most of the industry product types, including their product specifications for each key player, sales volume and value. The market is further sub-divided into several major applications of its industry based on the payday loan services market and its applications. It offers you market dimensions, CAGR, and forecast for each segment.

Scope of the Payday Loan Services Market Report

Report attribute Details
By type
  • Financial support from the platform
  • Off-platform financial support
By request
  • Staff
  • Retirees
  • Others
Main market players
  • wonga
  • Cash America International
  • Payday advance
  • DFC Global Corp
  • Instant Cash Loans
  • MEM Consumer Financing
  • Fast payment
  • TitleMax
  • LoanMart
  • Check and go
  • Finova Financial
  • TMG loan processing
  • Just military loans
  • MoneyMutual
  • Allied cash advance
  • Same day payday
  • LendUp Loans

In the report, competition in the industry is established according to five fundamental forces: new entrants are threatened, the bargaining power of suppliers, the bargaining power of buyers, substitute products or services at risk, and existing competition in the industry. ‘industry. The points that are covered within the report include a comprehensive profile of the companies involved in the Payday Loans Service market covering raw material suppliers, equipment suppliers, end users, traders, distributors etc. The report also includes production, cost, gross margin, sales volume, sales, consumption, growth rates, import, export, supply, future strategies, and technological advancements.

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Reasons to Buy Payday Loan Services Market Report

  • Evaluate production processes, major issues and development risk mitigation solutions.
  • To understand the market-driving and restraining forces and their impact in the global market.
  • Discover the market strategies adopted by the main organizations to succeed in the market.
  • Prominent segment of the market and its expected growth over the forecast period.

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Contents

  1. Presentation of the report
  2. Global Growth Trends
  3. Competition Landscape by Key Players
  4. Payday Loan Services Market Breakdown Data by Type
  5. Payday Loan Services Market Breakdown Data by Application
  6. North America
  7. Europe
  8. Asia Pacific
  9. Latin America
  10. The Middle East and Africa
  11. Profiles of key players
  12. Analyst Views/Conclusions
  13. appendix

Contact us:
Akash Anand
Manager (Business Development)
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Email: sales@intelligencemarketreport.com
Website: www.intelligencemarketreport.com

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Mobile Generators Market and Ecosystem by Production, Outlook, Consumption, Cost Structure, Competitive Landscape https://after-hours.org/mobile-generators-market-and-ecosystem-by-production-outlook-consumption-cost-structure-competitive-landscape/ Wed, 02 Feb 2022 18:03:06 +0000 https://after-hours.org/mobile-generators-market-and-ecosystem-by-production-outlook-consumption-cost-structure-competitive-landscape/ The market study on the Global Mobile Generators Market will encompass the entire ecosystem of the industry, covering major regions i.e. North America, Europe, Asia-Pacific, America, the Middle East and Africa, and the major countries within these regions. The Mobile Generators Market report provides an in-depth analysis of the market focusing on different attributes including […]]]>

The market study on the Global Mobile Generators Market will encompass the entire ecosystem of the industry, covering major regions i.e. North America, Europe, Asia-Pacific, America, the Middle East and Africa, and the major countries within these regions.

The Mobile Generators Market report provides an in-depth analysis of the market focusing on different attributes including challenges, drivers, risks, and opportunities. Competitive landscape, development strategy, and strategic regional growth status are included in the global Mobile Generators market report. This study offers detailed numerical analysis of the Mobile Generators industry and provides statistics for planning and strategizing for market growth. The research also analyzes gross profit, industry size, sales, price and market share, CAGR, and decision-making business model with forecast from 2021-2027.

Leading companies reviewed in the Mobile Generators Market‎ report are: Yanmar, Caterpillar, Generac, Kohler, Kubota, Wacker Neuson, Multiquip, Doosan Group, Kawasaki, WEG

Within the scope of Mobile Generators market segmentation, our study presents market analysis based on type, industrial application and geography.

By product type

Type of diesel
Gasoline type
Other types

By request

Commercial
Industrial,

Get the impact of Covid-19 on the Mobile Generator Sets Market at https://www.insidemarketreports.com/covid-19/4/970638/Mobile-Generator-Sets

An overview of the impact of COVID-19 on this market:

Effect of COVID-19: Mobile Gensets market report studies the effect of Coronavirus (COVID-19) on the Mobile Gensets industry. Since December 2019, COVID-19 infection has spread to nearly 180 countries around the world, with the World Health Organization calling it a general wellbeing crisis. The worldwide effects of the Covid 2020 (COVID-19) infection are now starting to be felt and will primarily influence the Mobile Generators Market in 2020 and 2021.

Nevertheless, this too shall pass. Increasing help from governments and a few organizations can help fight this exceptionally infectious disease. There are a few businesses that are struggling and some are thriving. Generally speaking, almost all areas are expected to be affected by the pandemic.

We are constantly striving to help your business sustain and grow during the COVID-19 pandemics. Given our experience and abilities, we will offer you an effective business Covid outbreak review to help you set up what is to come.

Cautious assessment of components casting mobile generators market size, share and development direction;

  • Point by point review of all market portions
  • An intensive evaluation of the provincial and serious elements of the market
  • In-depth assessment of the effect of the COVID-19 pandemic.

Mobile Generators Market Competitive Analysis:

The mobile generator market has been segmented by product type, end-users, technology, verticals, and regions. The in-depth research will provide readers with a better understanding of established and emerging players in shaping their business strategies to achieve long and short term goals. The report outlines a wide range of areas and locations where key participants could identify opportunities for the future.

We can also provide the custom data for separate regions such as North America, USA, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea , Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, United Kingdom, Italy, Spain, Russia, Rest of Europe, Central and South America South, Brazil, Argentina, Rest of South America, Middle East and Africa, Saudi Arabia, Turkey, Rest of Middle East and Africa.

Get Sample Copy of Premium Report, contact us at https://www.insidemarketreports.com/sample-request/4/970638/Mobile-Generator-Sets

Main points of the table of contents

  1. introduction
  2. Research Methodology
  3. Summary
  4. Market dynamics
  5. Mobile Generators Market Outlook by Type (Current size and future market estimates)
    Type of diesel
    Gasoline type
    Other types
  6. Mobile Generators Market Outlook by Application (Current size and future market estimates)
    Commercial
    Industrial,
  7. Mobile Generators Market Outlook by Regions (Current size and future market estimates)
  8. Competitive landscape
  9. Company profiles include: company overview, product and service offerings, financial data (only for listed companies), new developments and innovation)
  10. Companies considered for analysis
    Yanmar
    caterpillar
    Generac
    Kohler
    Kubota
    Wacker Neuson
    Multiteam
    Doosan Group
    Kawasaki
    WEG

Why Inside Market Reports:

  • Explore an extensive library of market reports
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For all your research needs, contact us at:

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Cloud/Mobile Backend as a Service (BaaS) Market Overview, Cost Structure Analysis – The Oxford Spokesman https://after-hours.org/cloud-mobile-backend-as-a-service-baas-market-overview-cost-structure-analysis-the-oxford-spokesman/ Tue, 25 Jan 2022 05:22:05 +0000 https://after-hours.org/cloud-mobile-backend-as-a-service-baas-market-overview-cost-structure-analysis-the-oxford-spokesman/ London, MR Accuracy Reports authored the report, titled Global Cloud/mobile backend as a service (BaaS) Industry 2021 is a methodical research study based on the Cloud/Mobile Backend as a Service (BaaS) market analyzing the competitive landscape of the industry worldwide. With the help of effective analytical tools such as SWOT analysis and Porter’s Five Forces […]]]>

London, MR Accuracy Reports authored the report, titled Global Cloud/mobile backend as a service (BaaS) Industry 2021 is a methodical research study based on the Cloud/Mobile Backend as a Service (BaaS) market analyzing the competitive landscape of the industry worldwide. With the help of effective analytical tools such as SWOT analysis and Porter’s Five Forces analysis, the report provides a comprehensive assessment of the Cloud/Mobile Backend as a Service (BaaS) market. Our large research team was able to capture all the important chapters of the final report as they worked to make it happen.

We have recent Cloud/Mobile Backend as a Service (BaaS) market updates in Sample Copy @ https://www.maccuracyreports.com/report-sample/214191

TOP Players- (There would be more players in the report)

Oracle Corporation, IBM Corporation, Microsoft Corporation, Kony, Kinvey, Anypresence, Appcelerator, Built.Io Backend, Kii Corporation, Cloudmine

The report covers every aspect of the global Cloud/Mobile Backend as a Service (BaaS) market, starting with basic market information and advancing to the various criteria based on which the market is ranked. The major applications of the Cloud/Mobile Backend as a Service (BaaS) market are also covered in the report. Also focused on 18 important chapters which will be unveiled in the final version.

Browse Full Report with Facts and Figures of Mobile Cloud/Backend as a Service (BaaS) Market Report at @ https://www.maccuracyreports.com/reportdetails/reportview/214191

Cloud/mobile backend as a service (BaaS) market

Data and application integration, identity and access management, usage analytics, professional services, support and maintenance.

Application as below

Banking, financial services and insurance, telecommunications and IT, retail and wholesale, healthcare, media, entertainment and games

Regional assessment and diversification of segments.

North America (United States, Canada, Mexico)
Europe (UK, France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of LA)
Middle East and Africa (Turkey, GCC, Rest of Middle East)

The report investigates the Cloud/Mobile Backend as a Service (BaaS) market by evaluating the market chain, applicable policies and regulations along with manufacturers, their manufacturing chain, cost structures, and contribution to the industry. The regional markets for the Global Cloud/Mobile Backend as a Service (BaaS) Market are examined by analyzing the pricing of products in the region against the profit generated. Production capacity, demand and supply, logistics, and historical market performance in the given region are also assessed in this market report.

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The report determines the major players in the global market. The company profiles of key players operating in the global Cloud/Mobile Backend as a Service (BaaS) Market have been examined in this study. The main stakeholders and investments have been covered in the study.

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Where could Amazon’s stock be in 5 years (NASDAQ: AMZN) https://after-hours.org/where-could-amazons-stock-be-in-5-years-nasdaq-amzn/ Sun, 09 Jan 2022 11:00:00 +0000 https://after-hours.org/where-could-amazons-stock-be-in-5-years-nasdaq-amzn/ [ad_1] 4kodiak / iStock Unpublished via Getty Images Investment thesis: Amazon (NASDAQ: AMZN) is a company with many moving parts. The company experiences headwinds in some segments and tailwinds in others. COVID-19 supply chain and mitigation spending have limited e-commerce profitability in recent quarters, while Amazon Web Services (AWS) has thrived. The Federal Trade Commission […]]]>


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4kodiak / iStock Unpublished via Getty Images

Investment thesis:

Amazon (NASDAQ: AMZN) is a company with many moving parts. The company experiences headwinds in some segments and tailwinds in others. COVID-19 supply chain and mitigation spending have limited e-commerce profitability in recent quarters, while Amazon Web Services (AWS) has thrived. The Federal Trade Commission (FTC) seems ready to take its pound of flesh. On the other hand, the market for cloud services is exploding in size and Amazon dominates the market. Historical activity, aside from short-term headwinds, also appears to have the potential to evolve into healthy earnings. 2021 has been a declining year for the stock relative to the S&P 500. However, 2022 and beyond is still brilliant.

Amazon’s short-term headwinds

Amazon’s e-commerce business has faced several short-term headwinds.

Labor

The labor market in 2021 was plagued by shortages of available workers. The increased demand for workers and competition among employers has resulted in increased wages and enrollment bonuses for many. This resulted in increased costs for Amazon and a negative short-term effect on the bottom line.

We have incurred billions of dollars in additional costs to keep our employees safe and to support testing and other costs related to COVID. And we’ve grown our global workforce by 628,000 over the past 18 months and are hiring more, including over 150,000 in the US to meet seasonal demand in the fourth quarter. This demand for labor recently coincided with the shortage of available labor, especially in the United States. It started in the second quarter, but it really started to impact our operations and our cost structure in the third quarter.

This has led to salary increases and signing incentives, as companies compete for workers, as well as inconsistent staffing levels in our operations. In addition, the disruption of global supply chains and the inflation of the cost of materials such as steel and services such as trucking have also increased our operating costs. We estimate that the cost of labor, labor-related productivity losses and cost inflation added about $ 2 billion to operating costs in the third quarter, particularly in August and September.

– Brian Olsavsky – Chief Financial Officer

As mentioned in the earnings call, this hit particularly hard in the third quarter as the North America and International segments swung to a combined net operating loss. AWS still made $ 4.88 billion in operating profits.

COVID-19 and the supply chain

Managing hundreds of thousands of employees during a pandemic adds significant costs to the bottom line. Well-known supply chain bottlenecks also drove prices up faster than the company passed them on to consumers.

In addition, we have seen inflationary pressures in commodities and services, as I mentioned, particularly in steel and third party trucking. We have also seen over $ 1 billion in costs related to lost productivity and the disruption of our operations. In the third quarter, labor became our primary capacity constraint, not storage space or fulfillment capacity. As a result, stock placement was frequently redirected to distribution centers in order to have the manpower needed to receive the products.

This resulted in less optimal placement, leading to longer and more expensive transport routes. In short, our operations are normally well staffed and optimized to be in stock and deliver to customers within one to two days. Labor shortages in supply chain disruptions have upset this balance and have resulted in additional costs to ensure that we continue to maintain our levels of service to customers.

– Brian Olsavsky – Chief Financial Officer

From these comments, it is clear to see where the operating profits of the North America and International segments have gone. In the first quarter of 2021, the segments accounted for $ 4.7 billion in operating profit and in the third quarter of 2021, the segments showed a combined loss due to the above. There is, however, a silver lining here. All of these problems are temporary. Even in the first quarter, when segments were profitable, COVID-19 mitigation efforts added costs. As these headwinds recede, the segments should quickly return to profitability.

Amazon operates in three segments; North America, International and AWS. For the first nine months of 2021, AWS generated 13% of revenue and over 60% of operating profit. This was even more pronounced in the third quarter and is expected given the narrow margin nature of retail.

Amazon Net Sales and Operating Profit

Graph created by the author with data from SEC filings.

AMZN – Long term opportunity

According to the cited study, the global cloud computing market could be worth nearly $ 1 trillion by 2026. AWS is the world’s largest vendor with over 30% market share. This opportunity is huge and growing. In the first three quarters of 2021, AWS generated operating income of $ 13.2 billion on revenue of $ 44.4 billion. This operating margin, 30%, is very impressive. The segment is also growing – fast. Q3 2021 revenue is 39% higher than Q3 2020.

Extrapolating these figures over five years requires certain assumptions. As mentioned earlier, AWS revenue was 39% higher in Q3 2021 than Q3 2020. I assumed AWS revenue for fiscal 2021 would increase 37% from 2020 and reach over $ 62 billion. From there, I took a compound annual growth rate (CAGR) in revenue of 25% for three years, followed by two years at 20%. I assumed the operating margin would stay at 30%.

Amazon AWS RevenueGraph created by the author with data from SEC filings and author’s calculations.

As noted above, AWS revenue could increase by $ 175 billion by 2026, based on these assumptions, and generate operating income of over $ 52 billion.

To extrapolate the North America and International segments, I assumed two more years at 20% CAGR, followed by three years at 10%. I’m assuming an operating margin of 3.0% as these segments have historically struggled with profitability. In 2019, the operating margin was only 2.2% for these segments combined, followed by 2.7% in 2020. The resulting operating profit in 2026 would reach $ 23.5 billion out of $ 782 billion. revenue dollars for these segments.

The combination of all segments generates nearly $ 76 billion in operating profits on $ 957 billion in revenue by 2026, as shown below.

Amazon Revenue Trend

Evolution of Amazon's operating profitCharts created by the author with data from SEC filings and author’s calculations.

Amazon typically doesn’t buy back shares or significantly dilute shareholders. Since 2018, on average, the average number of diluted shares outstanding has increased by approximately 1% each year. I assumed that the dilution of equities would continue at this rate. Based on this calculation, Amazon could earn $ 140 per diluted share in operating income, or $ 110.60 per diluted share after tax, assuming a 21% tax burden, in 2026.

From there, the stock price projections are straightforward:

Conservative Midrange Optimistic
EPS $ 110.60 $ 110.60 $ 110.60
PER 40 50 65
Share price $ 4,424 $ 5,530 $ 7,189

According to YCharts, Amazon’s P / E ratios at the end of 2021, 2020, and 2019 were 65.23, 77.97, and 80.31, respectively.

The company is expected to earn $ 41.73 per share in this fiscal year and $ 53.25 in 2022. The projection I made would create estimated after-tax EPS of $ 53.98 in 2022, in line with analyst expectations.

These results would generate enormous cash flow. Amazon may be using some of it to buy back shares, pushing EPS even higher. Indeed, if the cash flow is maintained at the current rate, share buybacks are likely in the years to come. Amazon had nearly 5% of the market cap in cash and short-term investments at the last report, totaling $ 79 billion.

In many ways, extrapolating the revenue and earnings of a company like Amazon is a futile exercise. There are so many moving parts and unforeseen events on the horizon. Nonetheless, I think the exercise is worth it, fun, and hopefully provide an interesting conversation starter.

Other possibilities

The FTC

As mentioned earlier, the FTC is going after Amazon for its retail business, and now, possibly AWS as well. At the heart of every problem is whether Amazon uses anti-competitive practices to stifle competition. I have written about this in much more detail here. Three scenarios could arise. First, the FTC’s efforts may fail and business continues as usual. I consider it a tie bet. The second scenario is that Amazon agrees to voluntarily make some concessions and perhaps pay a hefty fine. Scenario two is the most likely outcome, in my opinion. In the third scenario, Amazon splits into three companies, either by force or voluntarily. Many investors would like to see this. However, the company never gave any indication that this was even a consideration.

New sources of income

On a more positive note, Amazon could also uncover another viable and lucrative source of income in the next few years. The company is looking to expand its physical presence in retail. This will also serve to provide logistics mini-hubs in strategic locations. Payment processing software that would support PayPal (NASDAQ: PYPL) and Shopify (NYSE: SHOP) would be under development. The technology would make use of inventory tracking and other benefits and fit right into Amazon’s ecosystem. The global Internet connectivity market is estimated to be worth up to $ 1 trillion per year. Amazon’s Kuiper project is currently competing with SpaceX (SPACE) to capture this market by installing a field of orbiting satellites. Adding any of these revenues could further fuel EPS growth.

Conclusion

Amazon’s stock took a hiatus in 2021 after a tremendous run. Headwinds that started in 2021 and persist in 2022 are expected to ease in the second half of this year. AWS continues to operate at full capacity, showing tremendous growth and profits. Investments in labor and logistics will pay off as headwinds in the supply chain subside. There are excellent opportunities for growth, profits and new businesses over the next several years, and shareholders will likely be rewarded with the above-market returns they expect.

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]]> Weighing Systems Market According to Covid-19 Impact Outlook to 2028 https://after-hours.org/weighing-systems-market-according-to-covid-19-impact-outlook-to-2028/ Sun, 09 Jan 2022 05:28:35 +0000 https://after-hours.org/weighing-systems-market-according-to-covid-19-impact-outlook-to-2028/ [ad_1] “ Global Market Vision has released powerful statistical data titled Weighing Systems Market. It defines recent innovations, applications and end users in the market. It covers the different aspects, which are responsible for the growth of industries. Different areas are considered on the basis of the capital of the weighing systems market. The analyst […]]]>


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Global Market Vision has released powerful statistical data titled Weighing Systems Market. It defines recent innovations, applications and end users in the market. It covers the different aspects, which are responsible for the growth of industries. Different areas are considered on the basis of the capital of the weighing systems market. The analyst looks at different companies on the basis of their productivity to review current strategies. All the major players across the globe are presented with different terms such as product types, industry contours, sales and much more.

With the development of recent technologies, it gives a clear idea about new advanced tools, which helps to expand businesses rapidly. Factors such as risks and opportunities are highlighted in the Weighing Systems market. Importance is given to customer requirements at national and global level.

Get Sample Copy of Weighing Systems Market Report @ https://globalmarketvision.com/sample_request/28208

The segmentation chapters allow the readers to understand aspects of the market such as its products, available technology, and applications. These chapters are written to describe their development over the years and the course they are likely to take in the years to come. The research report also provides detailed information on new trends that could define the development of these segments in the coming years.

Top players with full requirements cover in this report:

Balances Fairbanks, Hottinger Baldwin Messtechnik GmbH, Mettler-Toledo International Inc, Sherborne Sensors Ltd, Weightron Bilanciai Ltd, Avery Weigh-Tronix LLC, Flintec Group AB, LCM Systems Ltd, Rice Lake Weighing Systems, Tamtron OY ..

Market segmentation :

Based on type, the market is segmented into

Computer hardware software

Based on the application, the market is separated into

Construction, Manufacturing, Transport and logistics, Waste management and recycling, Ports, Others

This report serves as a useful guide, to grow businesses quickly, and uses several analytical tools, to look at the various factors in the industrial sectors. Key players from different regions, such as North America, Latin America, Japan, China and India are listed in the report. In addition to this, it uses graphical representation such as graphs, tables, diagrams to work out precise facts and data about the Weighing Systems market. A clear picture of the weighing systems market is provided to the target audience. The major drivers and restraints are demonstrated to drive and hinder the overall Weighing Systems market growth globally.

The report provides in-depth analysis of production cost, market segmentation, end-use applications, and industry chain analysis. The report provides the CAGR, value, volume, revenue, and other key factors related to the global Weighing Systems market. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report further shows the import / export consumption, supply and demand figures, costs, prices, revenues and gross margins. All findings and data have been gathered through extensive primary and secondary research and are validated by industry experts and research analysts. The study also contains data regarding the producers and distributors, downstream buyers, and manufacturing cost structure of the global Weighing Systems market.

The major key questions addressed through this innovative research report:

  • What are the major challenges in the global weighing systems market?
  • Who are the major vendors of the Global Weighing Systems Market?
  • What are the major key industries in the global Weighing Systems Market?
  • What factors are responsible for driving the Global Weighing Systems Market?
  • What are the main findings of the SWOT and Porter’s analysis?
  • What are the main key strategies for increasing global opportunities?
  • What are the different effective sales models?
  • What will be the size of the global market during the forecast period?

Strategic Points Covered In The Table Of Contents Of Global Weighing Systems Market:

Chapter 1: Introduction, Product Driving the Market Study Objective and Research Scope of Weighing Systems Market

Chapter 2: Exclusive Summary – Basic Information of the Weighing Systems Market.

chapter 3: Viewing Market Dynamics – Drivers, Trends and Challenges in Weighing Systems

Chapter 4: Porters Five Forces Weighing Systems Market Factor Analysis Overview, Supply / Value Chain, PESTEL Analysis, Market Entropy, Patent / Trademark Analysis.

Chapter 5: Showing Market Size by Type, End User and Region 2015-2020

Chapter 6: To assess the leading manufacturers of the Weighing Systems Market which consists of their competitive landscape, peer group analysis, BCG Matrix, and company profile

Chapter 7: To assess the market by segments, country and manufacturers with revenue and sales share by key countries (2021-2026).

Chapter 8 & 9: Display of appendix, methodology and data source

Finally, the weighing systems market is a valuable source of advice for individuals and businesses in the context of the decision.

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If you have any special requirement, please let us know and we will offer the report to you at a custom price.

About Global Market Vision

Global Market Vision is made up of an ambitious team of young, experienced people who focus on the details and deliver the information according to the client’s needs. Information is vital in the business world and we specialize in disseminating it. Our experts not only have in-depth expertise, but can also create a comprehensive report to help you grow your own business.

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Global market vision

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Capitals Launches Online Merchandise Store in Fort Dupont, Profits Benefit Fort Dupont and Capital Impact Fund https://after-hours.org/capitals-launches-online-merchandise-store-in-fort-dupont-profits-benefit-fort-dupont-and-capital-impact-fund/ Sun, 02 Jan 2022 18:09:13 +0000 https://after-hours.org/capitals-launches-online-merchandise-store-in-fort-dupont-profits-benefit-fort-dupont-and-capital-impact-fund/ [ad_1] The Washington Capitals today announced the launch of an online store selling Fort Dupont ice hockey club merchandise, with proceeds going to Fort Dupont and the Capital Impact Fund. Currently, a t-shirt, hoodie, beanie and iron-on patch are available for purchase at WashCaps.com/FortDupontApparel. PHOTOS: The @Capitals and @MSEFndn launched a Fort Dupont Ice Hockey […]]]>


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The Washington Capitals today announced the launch of an online store selling Fort Dupont ice hockey club merchandise, with proceeds going to Fort Dupont and the Capital Impact Fund.

Currently, a t-shirt, hoodie, beanie and iron-on patch are available for purchase at WashCaps.com/FortDupontApparel.

Fort Dupont is Washington DC’s only indoor hockey rink, and the Fort Dupont Cannons are the oldest minority hockey club in North America. Neal Henderson founded the program in 1978 and since then has offered local and downtown youth the opportunity to participate in an organized ice hockey program.

Over the years, several Capitals players have organized individual skates for the Fort Dupont Cannons, either at MedStar Capitals Iceplex or at Fort Dupont, including Alex Ovechkin.

The Capital Impact Fund supports organizations that help break down the financial barriers faced by young local minority players. The aim of the fund is to help young minority players to reach their greatest potential and to create more level playing conditions for all.

In August 2020, the team announced that it will help promote hockey diversity and racial equality through efforts focused on three pillars: youth hockey, education and awareness.

More capitals:

Capitals launches Fort Dupont Cannons merchandise store

ARLINGTON, Virginia – The Washington Capitals and the Monumental Sports & Entertainment Foundation today announced the creation of an online merchandise store for the Fort Dupont Ice Hockey Club, the proceeds of which will be donated to Fort Dupont and the Washington Capitals Capital Impact Fund.

A Capitals and Fort Cannons co-branded t-shirt, hoodie, pom pom beanie and iron-on patch are available for purchase at WashCaps.com/FortDupontApparel.

Proceeds from the merchandise will benefit the Washington Capitals Capital Impact Fund and the Fort Dupont Ice Hockey Club. Customers will receive their orders within three weeks of the store closing on January 31.

The Capital Impact Fund supports organizations that help break down the financial barriers faced by young local minority players. The aim of the fund is to help young minority players to reach their greatest potential and to create more level playing conditions for all.

The Fort Dupont Ice Hockey Club is part of the National Hockey League’s Hockey is for Everyone program and is the oldest minority hockey program in North America. The Fort Dupont Ice Hockey Club, founded in 1978 by coach Neal Henderson, is a development program that offers area and downtown youth the opportunity to participate in an organized ice hockey program. The cannons play from the Fort Dupont ice rink in southeast DC

Title photo: Elizabeth Kong / RMNB


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