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Weatherford Announces First-Quarter 2021 Results

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HOUSTON, May 5, 2021 /PRNewswire/ Weatherford International plc (OTC Pink: WFTLF) ( Weatherford or the Company ) announced today its results for the first quarter of 2021.
Revenues for the first quarter of 2021 were $832 million, a decline of 1% sequentially and 32% year-on-year. Reported operating loss was $13 million in the first quarter of 2021, compared to an operating loss of $107 million in the fourth quarter of 2020 and an operating loss of $822 million in the first quarter of 2020. The Company s first-quarter 2021 net loss was $116 million, compared to a net loss of $200 million in the fourth quarter of 2020 and a net loss of $966 million in the first quarter of 2020. First-quarter 2021 cash flows provided by operations were $74 million, compared to cash flows provided by operations of $22 million in the fourth quarter of 2020 and cash flows provided by operations of $30 million in the first quarter of 2020. Capita ....

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Graphic Packaging Holding Company Reports First Quarter 2021 Results; Announces Intent to Acquire Americraft Carton, Inc.

Graphic Packaging Holding Company Reports First Quarter 2021 Results; Announces Intent to Acquire Americraft Carton, Inc.
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Weatherford Announces Fourth-Quarter and Full-Year 2020 Results

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HOUSTON, Feb. 17, 2021 /PRNewswire/ Weatherford International plc (OTC Pink: WFTLF) ( Weatherford or the Company ) announced today its results for the fourth quarter and full-year 2020.
Revenues for the fourth quarter of 2020 were $842 million, compared to revenue of $985 million and $261 million in the Predecessor and Successor periods of the fourth quarter of 2019, respectively. Reported operating loss was $107 million in the fourth quarter of 2020, compared to an operating loss of $316 million and operating income of $1 million in the Predecessor and Successor periods of the fourth quarter of 2019, respectively. The Company s fourth-quarter 2020 net loss was $200 million, compared to net income of $5.3 billion and a net loss of $26 million in the Predecessor and Successor periods of the fourth quarter of 2019, respectively. Fourth-quarter 2020 cash flows provided by operations were $22 million, compared to cash flows used in ....

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Investegate |3M Company Announcements | 3M Company: Annual Financial Report

Consolidation:
3M is a diversified global manufacturer, technology innovator and marketer of a wide variety of products. All applicable subsidiaries are consolidated. All intercompany transactions are eliminated. As used herein, the term 3M or Company refers to 3M Company and subsidiaries unless the context indicates otherwise.

Basis of presentation:
Certain amounts in the prior years consolidated financial statements have been reclassified to conform to the current year presentation.

As described in Note 19, effective in the first quarter of 2020, the Company changed its business segment reporting in its continuing effort to improve the alignment of businesses around markets and customers. Additionally, the Company consolidated the way it presents geographic area net sales by providing an aggregate Americas geographic region (combining former United States and Latin Americ ....

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Graphic Packaging Holding Company Reports Fourth Quarter and Full Year 2020 Results: A Notable Year of Innovation, New Product Development and 4% Net Organic Sales Growth

2020 Highlights
Vision 2025 goals on track following execution of strategic investments, development of new, sustainable fiber-based packaging solutions and the successful pivot to net organic sales growth.
Showcased corporate responsibility and long-standing commitment to sustainability in environmental, social and governance (ESG) report highlighting progress in sustainability across all facets of operations.
Net Sales were $6,560 million versus $6,160 million in the prior year.
Net Organic Sales increased 5% in the fourth quarter and 4% for the full year 2020 versus the prior year periods.
Net Income was $167 million versus $207 million in the prior year.
Earnings per Diluted Share were $0.60 versus $0.70 in the prior year.
Adjusted Earnings per Diluted Share were $1.12 versus $0.87 in the prior year. ....

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