Operator
Good afternoon, ladies and gentlemen. Welcome to the AAON Inc. First Quarter Sales and Earnings Call. There will be a question-and-answer period after the management s brief presentation. This call will last approximately 45 minutes to an hour and I would now like to turn the meeting over to Mr. Gary Fields. Please go ahead, Mr. Fields.
Gary Fields
Good afternoon and welcome to our Q1, 21 earnings announcements.
I d like to read a forward-looking disclaimer to begin with. To the extent, any statement presented herein deals with information that is not historical, including the outlook for the remainder of the year. Such statement is necessarily forward-looking and made pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995. As such, it is subject to the occurrence of many events outside AAON s control that could cause AAON s results to differ materially from those anticipated. Please see the risk factors contained in our most recent SE
Of course, the year-over-year comparison with 2020’s first-quarter – sales rose 16 per cent to just under 385,000 units – is largely invalid. The first quarter of 2020 ended with one of the most sudden economic halts in history. The second quarter of 2021 will reveal an even more striking year-over-year shift, as it wasn’t until April that the enormity of the auto industry’s demand disappearance became evident (only 47,000 vehicles were sold last April, down nearly 140,000 sales from April 2019).
There are, however, top-selling vehicles that actually managed to produce even fewer sales in early 2021’s healthy market than in early 2020’s disastrous market. That’s right, they’re cars. Demand for passenger cars is even worse now than it was when the pandemic first took hold of the Canadian economy.
Of course, the year-over-year comparison with 2020’s first-quarter – sales rose 16 per cent to just under 385,000 units – is largely invalid. The first quarter of 2020 ended with one of the most sudden economic halts in history. The second quarter of 2021 will reveal an even more striking year-over-year shift, as it wasn’t until April that the enormity of the auto industry’s demand disappearance became evident (only 47,000 vehicles were sold last April, down nearly 140,000 sales from April 2019).
There are, however, top-selling vehicles that actually managed to produce even fewer sales in early 2021’s healthy market than in early 2020’s disastrous market. That’s right, they’re cars. Demand for passenger cars is even worse now than it was when the pandemic first took hold of the Canadian economy.
IBM’s cloud business helps first-quarter revenue edge higher
Premium
(REUTERS)
Maria Armental( with inputs from The Wall Street Journal )
The company last week said that the services business it plans to spin off by the end of this year would be called Kyndryl and be based in New York City
Share Via
Read Full Story
International Business Machines Corp. (IBM) posted higher revenue ahead of a landmark split of the business this year that is part of chief executive Arvind Krishna’s plan to revive growth at the veteran tech company.
IBM on Monday said first-quarter sales rose about 1% to $17.73 billion, generating net income of $955 million. Wall Street on average expected sales of $17.32 billion and net income of $1.28 billion, according to FactSet.
Mandalay Resources Corporation Announces Production and Sales Results for the First Quarter of 2021
TORONTO, April 13, 2021 (GLOBE NEWSWIRE) Mandalay Resources Corporation ( Mandalay or the Company ) (TSX: MND, OTCQB: MNDJF) announced today its production and sales results for the first quarter of 2021.
First Quarter 2021 Production Highlights:
Consolidated saleable gold equivalent production and sales of 28,676 and 28,218 ounces respectively;
Consolidated 23,857 ounces of gold sold, highest quarterly amount since Q1 2018;
15,458 ounces of saleable gold equivalent production at Costerfield, highest quarterly production result at Costerfield since Q2 2016; and
Commenced trial processing of mineralized waste dump material at Cerro Bayo, producing 43,699 ounces of silver and 724 ounces of gold.