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Resale company Winmark is a franchisor that owns concepts including Plato's Closet, Play It Again Sports, and Once Upon a Child. Not in a legal document but in a pact because what happens, Jim, is our most successful franchisees, they understand that their business is a legacy asset in the community. I like that you caveated that.
He manages Pershing Square Capital Management, the hedge fund he founded, which has nearly $11 billion in assets under management. The activist investor made his fortune by acquiring sizable positions in companies and pushing management to make positive changes that increase shareholder value.
But even with the high volatility and the bear market it produced, several wonderful businesses still came out on top in the long run and built shareholder returns in the process. Airbnb built an asset-light, tech-focused business model.
Statista believes these resale transactions are set to double in volume worldwide between 2022 and 2026. Through its five popular store brands, Winmark's mission is "to provide resale to everyone." Through this diversified base of resale brands, Winmark estimates that it extended the lives of over 182 million items in 2023 alone.
Two excellent examples are home improvement juggernaut The Home Depot (NYSE: HD) and resale goods franchisor Winmark (NASDAQ: WINA). But the shareholder returns don't stop here. Sometimes, long-term outperforming stocks just have stunning stock performance charts. while only using 57% of its net income to fund these payments.
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
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.
And we returned a record $22 billion in cash to our shareholders, up 45% year on year through dividends, buybacks, and eliminations. Measure on resales, Q4 industrial resales of $173 million declined 27% year on year. Now, excluding VMware, our revenue grew over 9% organically. So, no, it hasn't changed our thinking at all.
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. billion, and we returned all of the cash we generated this year to shareholders through repurchases and dividends. Return on equity was 19.9% per diluted share, compared to $4.45
and our consolidated return on assets was 15.1%. We will maintain our disciplined approach to investing capital to enhance the long-term value of the company, which includes returning capital to our shareholders through both dividends and share repurchases on a consistent basis. At March 31st, our stockholders' equity was $23.8
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.
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 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. Hock Tan -- President and Chief Executive Officer Well, we find now that we could generate more value to you, the shareholders.
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 in the prior year.
billion in cash to our shareholders through dividends and stock buybacks. 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. Those are good assets. We returned $13.5
As our shareholders know well, we announced Vision 2025 in July of 2022 in response to one of the most abrupt and significant contractions in housing and mortgage volumes in a generation. And obviously, new build has been a really bright spot in the market over the last couple of years versus what we're seeing in resale.
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.
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.
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.
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. I guess, three very brief questions.
But then when you flip that coin on the other side, you look at Paramount Global assets are very valuable. It certainly seems a little bit more shareholder-friendly, whereas, you know what, Redstone may be pursuing, this is totally understandable, but it seems to be more tilted toward her self-interests or her family's self interests.
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. We strive to balance growth in the business with returning cash to shareholders. We had nothing drawn under our credit facility, cash of $1.2
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.
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. times, reflecting impressive growth in shareholder value. times to 1.4
APA remains committed to returning at least 60% of our free cash flow this calendar year to shareholders. During the first half of the year, we generated $366 million of free cash flow, 94% of which we return to shareholders via dividends and stock buybacks. billion to shareholders via share repurchases and dividends.
I'm thrilled to be here and look forward to working with all our shareholders and covering analysts going forward. Ultimately, our North Star is to use our depth of inventory to create better outcomes for sellers, buyers and our agents, which, as a function, should translate to better outcomes for Compass and our shareholders.
We will maintain our disciplined approach to investing capital to enhance the long-term value of our company, including returning capital to our shareholders through both dividends and share repurchases on a consistent basis. We're in this for the long term and to build as much shareholder value as we can over the long term.
and our consolidated return on assets was 14.8%. We will maintain our disciplined approach to investing capital to enhance the long-term value of the company, which includes returning capital to our shareholders through both dividends and share repurchases on a consistent basis. Obviously, resale inventory was incredibly tight.
trillion in assets under management. This is a joke, 17% growth in net assets is pretty good. When you get to that scale, it's really difficult to drive net asset growth. Put assets on your balance sheet, past the high single digits. Winmark is a resale franchiser of companies like Played Against Sports, Plato's Closet.
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.
We are proud to be able to continue to take on corporate governance initiatives that align with our shareholders-with what our shareholders have told us is most important to them. This morning, we announced we completed our acquisition of the assets of Elliott Homes, a prominent private builder operating in the Gulf Coast.
There are no shortage of risks and maybe things weighing on Tesla's shareholders' minds. Asit Sharma: I think for me, this is just one of different risk items that you want to look at if you're a Tesla shareholder. If you're Tessa shareholder and you believe that long term thesis, that probably was reassuring to you.
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. billion to shareholders through share repurchases and dividends. billion to shareholders through share repurchases and dividends.
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. billion to shareholders through share repurchases and dividends.
Having those shares available in public will help broaden our shareholders base, and a wider range of our shareholders can support us for medium and long-term perspective. So, as for the resale, in Mexico, for example, we had a confusion in logistics. And we did have some impact as well at Honda.
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