This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Although this is not great news, I would like to point out that a major piece of the revenue shortfall was resale revenue, which is low margin, and we have conscientiously reduced over the last few years to limit our dependency on this type of revenue. So, in the short term, the underrun and resale revenue impacts bottom-line profit.
While our company has an impressive collection of assets, technology, and people, it's clear that we need to sharpen our execution and accelerate our performance. By this, I mean further reducing low-margin resale revenue and driving a higher level of services, including those directly associated with AI and automation. sequentially.
Margin was down 50 basis points year to year, primarily driven by lower noncash pension income and the impact of gains from asset sales booked in the fourth quarter of fiscal '23. Modern Workplace organic revenue declined year to year in the mid-teens impacted by resale revenue, which was down 30%. Non-GAAP EPS was $0.97, down $0.05
Measure on resales, Q4 industrial resales of $173 million declined 27% year on year. As long as they always say, they meet the criteria, the fairly demanding criteria we look for, we would always be open to acquiring these assets and adding to our portfolio. We only expect a recovery in the second half of 2025.
Market share advances have given us the critical position to be an even stronger land buyer of choice to the owners and developers of critical land assets. We manage both our land and our production inventories to drive efficiency, cash flow, and returns on our asset base. This provided a total of 8.9 billion of homebuilding liquidity.
Executing on this will allow us to sell underutilized assets, making us more efficient overall and helping us fix the margin of the GBS business moving forward. year-to-year decline, 160 basis points came from a reduced level of low-margin resale revenues, which was in line with our expectations. This is in addition to the 7.4%
Finally, Q2 industrial resale of $234 million declined 10% year on year. And for fiscal '24, we now expect industrial resale to be down double-digit percentage year on year, compared to our prior guidance for high single-digit decline. So, to sum it all up, here's what we are seeing. The Motley Fool recommends Broadcom.
First, We've continued to remain production- and volume-focused, with a primary focus on driving production efficiency, driving higher inventory turn, driving higher cash flow and strong margins and while focusing on return on assets. Our fifth playbook strategy was to maintain tight inventory control in order to control our asset base.
These tailwinds were partially offset by a $10 million charge related to the disposal of hardware assets as we consolidate data centers. This expansion was primarily driven by savings from disciplined resource management practices and the impact from restructuring more than offsetting lower revenue and the data center hardware asset disposal.
and our consolidated return on assets was 15.1%. So with the rental platform asset growth moderating, we're at 3.1 First, on the resale market, I'm curious some of your thoughts there. And when I think about the spec entry-level model, I think you guys have really benefited from the tight resale market over the last few years.
and return on assets was 13.9%. Our return on assets ranks in the top 25% of all S&P 500 companies for the past three-, five- and 10-year periods. For the year, our return on equity was 19.9%, and our return on assets was 13.9%. We are certainly competitive with the resale market today. billion on revenues of $36.8
When you look at VOXX, we have a lot of assets. We have assets in real estate, assets in our brands, assets in our respective groups and businesses. To start with respect to fiscal 2024, I wanted to provide a little more color around the intangible asset impairment charges. This compares to $1.3
First, we said then, as we say now, that we maintain volume and production as our constant and margin as our shock absorber, and we manage our business with certainty through volatility, staying focused on production, inventory turn, cash flow, and return on assets. As we noted, we spent approximately 1.2
And the most unsure part of the market has been the resale market just due to the availability of inventory. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned.
And finally, Q1 industrial resales of $215 million declined 6% year on year. In fiscal '24, we continue to expand industrial resales to be down high single digits year upon year. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
We are now refocusing VMware on its core business of creating private and hybrid cloud environments among large enterprises globally and divesting noncore assets. Industrial resales were 962 million. In fiscal '24, we expect industrial resales to be down low single digits year on year. Those are good assets.
And in terms of financing it, the lines that we have to finance are out there, and we'll leverage the assets to the extent that we need the cash to grow the origination business and continue to take profitable share. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Production and costs were significantly better than expected on a BOE basis after adjusting for asset sales and discretionary natural gas and NGL curtailments. oil guidance to 150,000 barrels per day which is up 1,500 barrels per day after adjusting for the impact of asset sales closed in June. In the U.S., oil production guidance.
Strategically, we conducted an ongoing review of both our product and business portfolios leading to the divestiture of several noncore assets including our European and Australian traffic solutions businesses, along with the recently announced strategic alternatives review of the silicas product business. And sequentially, maybe it was 250.
In light of this, simply maximizing absorptions at the expense of margins and shortening the economic life span of these assets in the process does not yield the optimal returns we believe are achievable with a little patience and a disciplined approach to pricing and incentives. We believe this is a near-term dynamic and not a new normal.
New supply looks to be manageable in most of our submarkets there, but we are actively monitoring our two recently built high-rise assets in the St. And we believe 30% to 40% of the new supply in those markets may compete directly with Camden's assets. Why this particular asset? and an average rate approximately 5.8%
One example is a customer who chose our Clean Start solution to remove and relocate records, office equipment, and IT assets from more than 60 offices across North America that are being closed or decommissioned over the next two years. This acquisition makes us the industry leader in valet self-storage services in North America.
And lastly, the resale home market remains tight as existing buyers are hesitant to leave their low rate mortgages, which limits available inventory and helps to increase new home demand. And we were looking to turn our assets anywhere between two and a half to three times a year. Before COVID, we were building homes in four months.
Professional homebuilders and real estate developers are excluded from being forced to comply with the marketing restrictions Clear Cooperation places on individual homeowners in the resale market, which puts individual homeowners at a disadvantage. For most homeowners, their home is their most valuable financial asset. Very helpful.
With the emergence of AI, shifting talent, landscape, and pressure to realize operational efficiencies, leaders are turning to Workday as their trusted platform to manage their most critical assets: their people and their money. billion valuation allowance release related to our US deferred tax assets. Next is AI.
During the spring selling season with a healthy supply of move-in ready inventory, we were able to capitalize on strong market conditions generated by the increasing need for housing for millennials and Gen Zs as well as the move-down Baby Boomers who continue to find our limited inventory, limited availability of resale housing supply.
And as we focused on returns, that really comes down to being more efficient with every asset you have. On one hand, the buydowns are probably putting you guys in such a strong competitive advantage versus the resale market. The only thing I could come up with is, you have seen a shift in this industry to focus more on returns.
We sell our produce gas and basin, and we manage the transport obligation by purchasing third-party gas in basin for resale on the Gulf Coast. And so, you know, we're going to do as good a job with that asset, managing it for free cash flow. We realize a net trading margin based on the price differentials less the total transport cost.
As we previously discussed, two of the largest population cohorts, the millennials and recently Gen Zs are having life events lean to increased levels of need-based housing that currently cannot be met by the constrained resale of home supply in the market. While that's still true, we wanted to clarify that we're not opposed to land banking.
But I think just to look at it more broadly, right, AI is -- really, the more we look at it, the more excited we are for that asset growth multiplier across our many businesses. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. So, that's one bucket.
Finally, Q3 industrial resales of $164 million declined 31% year on year. We believe we are approaching bottom in Q3 as Q4 resales are expected to recover sequentially. Year on year, Q4 industrial resales will still be down approximately 20%. billion tax liability. The offset to that is a deferred tax liability.
and our consolidated return on assets was 14.8%. Obviously, resale inventory was incredibly tight. So, I guess my question is now that cycle times seem to be improving across the industry, resale inventory is ticking a little bit higher, are you thinking about that dynamic any differently?
There are several other factors contributing to the exceptionally strong growth we are expecting for the fourth quarter which include more luxury and upper premium capacity operating with the new region and Oceania ships, as well as a favorable comp from the rapid exit from Cuba in 2019 and the close in resale of those sailings.
This morning, we announced we completed our acquisition of the assets of Elliott Homes, a prominent private builder operating in the Gulf Coast. Our cycle times are almost where we would like to be, where we're turning assets three times a year. Phillippe Lord -- Chief Operating Officer and Executive Vice President Thank you, Steve.
Our portfolio of growth businesses, including digital solutions, data center, and asset lifecycle management, are collectively growing at a CAGR greater than 20% and becoming an increasingly larger portion of our revenue. If you recall at the beginning of our Matterhorn climb, our growth portfolio represented 15% of our total revenue.
Our return on equity was 19.1%, and return on assets was 13.4%. Our return on assets ranks in the top 15% of all S&P 500 companies for the past three-, five-, and 10-year periods. For the trailing 12 months ended December 31st, our return on equity was 19.1%, and our consolidated return on assets was 13.4%. billion to $8.2
We saw sales growth across digital assets, including the Best Buy app, which hit the No. We believe that as the trusted leader in CE, we have an opportunity to leverage our positioning and assets to build a differentiated digital marketplace platform. Best Buy marketplace. Partner+ continues to grow nicely.
So, as for the resale, in Mexico, for example, we had a confusion in logistics. And they don't find the EVs have a good value as one of the assets they should own. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. And that has been resolved as well.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content