Business Wire

Test Company Announces Third Quarter Earnings

Share

Test Company of San Francisco (NYSE:TEST) (TSX:TEST) (BSE:TEST) (LSE:TEST) issued their third quarter earnings statement today. Test Company reported diluted earnings per share of $0.11 in the third quarter of 2018, down by 1.1% from $1.01 in the third quarter of 2017, principally due to a $0.08 tax benefit recorded in 2017.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190807005678/en/

Test Photo with Caption - Violin - please visit www.businesswire.com for more details

Test Photo with Caption - Violin - please visit www.businesswire.com for more details

For XHTML support documents from Business Wire please view our tools site.

Conference Call

A conference call, hosted by John Doe, Chief Financial Officer, with members of the investment community and news media will be webcast at 9:00 a.m. Eastern Time on December 31, 2011. Access is available at www.businesswire.com.

2018 Full-Year Forecast

Test Company increases its forecast for 2018 full-year reported diluted earnings per share to a range of $2.20 to $2.25, from $2.10 to $2.20.

The factors described in the Forward-Looking and Cautionary Statements section of this release represent continuing risks to these projections.

2018 THIRD-QUARTER CONSOLIDATED RESULTS

Management reviews operating companies income (OCI), which is defined as operating income before corporate expenses and amortization of intangibles, to evaluate segment performance and to allocate resources.In the following discussion, the term “net revenues” refers tonet revenues, excluding excise taxes, unless otherwise stated.Comparisons are to the same prior-year period unless otherwise stated.

Net Revenues

Test Company Net Revenues1 ($ Millions)

Third Quarter

Excl.

2017

2018

Change

Currency

European Union

$1,111

$2,222

(1.1)%

2.2%

Eastern Europe, Middle East & Africa

3,333

4,444

(1.1)%

2.2%

Asia

5,555

6,666

1.1%

2.2%

Latin America & Canada

777

888

1.1%

2.2%

Total PMI

$1,234

$5,678

(1.1)%

2.2%

1 Net revenues.

Net revenues are up Please buy our stock. Operating income declined 1.0% to $1.2 billion.

Operating Companies Income

Test Company Operating Companies Income2 ($ Millions)

Third Quarter

2017

2018

Change

Reported Operating Companies Income

$1,111

$2,222

(1.1)%

Asset impairment and exit costs

1

2

Adjusted Operating Companies Income

$1,111

$2,222

(1.1)%

Adjusted Margin2

22.2%

33.3%

1.1 p.p.

2Margins are calculated as adjusted operating companies income, divided by net revenues, excluding excise taxes.

Schedule 10

TEST COMPANY INTERNATIONAL INC.1

and Subsidiaries
Reconciliation of Non-GAAP Measures
Adjustments for the Impact of Currency and Acquisitions
For the Quarters Ended September 30,
(in millions)
(Unaudited)

2018

2017

% Change in Reported Net Revenues excluding Excise Taxes

ReportedReported Net
ReportedNetRevenuesReported
NetRevenuesexcludingNet
RevenuesexcludingExciseRevenuesReported
LessexcludingExciseLessTaxes,ReportedLessexcludingReportedexcluding
Reported NetExciseExciseLessTaxes &Acquisi-Currency &NetExciseExciseexcludingCurrency &
RevenuesTaxesTaxesCurrencyCurrencytionsAcquisitionsRevenuesTaxesTaxesReportedCurrencyAcquisitions

$

1,111

$

2,222

$

3,333

$

(111

)

$

4,444

$

1

$

5,555

European Union

$

6,666

$

7,777

$

8,888

(1.1

)%

1.2

%

1.3

%

1,111

2,222

3,333

(123

)

4,444

2

5,555

EEMA

6,666

7,777

8,888

(1.1

)%

1.2

%

1.3

%

1,111

2,222

3,333

(3

)

4,444

-

4,444

Asia

6,666

7,777

8,888

1.1

%

1.2

%

1.3

%

1,111

2,222

333

(444

)

555

666

777

Latin America & Canada

6,666

7,777

888

1.1

%

1.2

%

1.3

%

$

11,111

$

2,222

$

3,333

$

(444

)

$

5,555

$

666

$

7,777

Test Co. Total

$

6,666

$

7,777

$

8,888

(1.1

)%

1.2

%

1.3

%

2018

2017

% Change in Reported Operating Companies Income

Reported
ReportedOperating
OperatingCompanies
ReportedCompaniesIncomeReportedReported
OperatingIncomeLessexcludingOperatingReportedexcluding
CompaniesLessexcludingAcquisi-Currency &CompaniesexcludingCurrency &
IncomeCurrencyCurrencytionsAcquisitionsIncomeReportedCurrencyAcquisitions

$

1,111

$

(111

)

$

1,111

$

1

$

1,111

European Union

$

1,111

(1.1

)%

1.1

%

1.1

%

222

(222

)

2,222

2

2,222

EEMA

222

(22.2

)%

22.2

%

2.2

%

333

33

333

-

333

Asia

333

33.3

%

3.3

%

3.3

%

444

(44

)

444

44

44

Latin America & Canada

444

444+

%

444+

%

44.4

%

$

5,555

$

(555

)

$

5,555

$

55

$

5,555

Test Co.Total

$

5,555

(5.5

)%

5.5

%

5.5

%

1 Test of a sub-script in a release.

Test Company’s market share performance improved in a number of markets, including Algeria, Argentina, Belgium, Brazil, Bulgaria, Canada, the Dominican Republic, Egypt, Hungary, Korea, Mexico, Pakistan, the Philippines, Portugal, Russia, Slovakia, Switzerland, Turkey and Ukraine.

Test Company International Inc. Profile

Test Company International Inc. (TEST) is the leading international company. For more information, see www.businesswire.com

Forward-Looking and Cautionary Statements

This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The following important factors could cause actual results and outcomes to differ materially from those contained in such forward-looking statements.

Contact information

Business Wire/San Francisco
tools site 415/986-4422
mrt_techs_group@businesswire.com

About Business Wire

Business Wire
Business Wire



Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Nike Extends its Athletic Leadership5.2.2020 19:00:00 CETPress release

Today, NIKE, Inc. (NYSE: NKE), unveiled breakthrough innovation for athletes competing in the Tokyo 2020 Games, including footwear designed to provide runners with a measurable performance benefit for a new era of competition. The NEXT% platform, introduced by barrier-breaking marathoner Eliud Kipchoge, will now expand into new disciplines following its unparalleled success in distance running. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200205005708/en/ An international group of athletes joined the Nike 2020 Forum in New York to unveil the brand's latest performance and sustainable innovations. From left to right: Ibtihaj Muhammad, English Gardner, Leticia Bufoni, Blake Leeper, Timothy Cheruiyot, Dina Asher-Smith, Tomoya Ochiai, Sky Brown, Chris Mosier, Nyjah Huston, DeAnna Price, Bebe Vio, Kevin Mayer, Megan Blunk, Brandi Chastain, Aaron Brown, Sophie Hahn, Aori Nishimura, Diana Taurasi, Miles Chamley-Watson, Leon Schae

Cepton Expands With $50 Million Investment From Koito5.2.2020 18:00:00 CETPress release

Cepton Technologies, Inc., a leading provider of state-of-the-art, intelligent, lidar-based solutions, announced today that it has raised over $50 million in Series C funding. This brings Cepton’s total funding to nearly $100 million, providing a strong foundation to substantially ramp up its R&D efforts, expand its footprint in the automotive market and support major customers worldwide. The latest funding round was led by Koito Manufacturing Co., Ltd. (TYO:7276), the automotive Tier 1 and world-leading provider of automotive lighting systems, with an investment of $50 million. Existing investors in Cepton also participated in this round. As part of the transaction, Koito will obtain non-exclusive rights to manufacture and sell Cepton’s lidar sensor design for an automotive application, using key components supplied by Cepton. Cepton will use the proceeds to accelerate development and deployment of its advanced lidar technology in ADAS applications, in autonomous vehicle applications,

Imricor Announces First Cases Successfully Performed at Heart Center Dresden5.2.2020 17:40:00 CETPress release

Imricor Medical Systems, Inc. (Company or Imricor) (ASX:IMR) is pleased to announce the first procedures using the Company’s products following CE mark of the Vision-MR Ablation Catheter have been performed at the Heart Center Dresden. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200205005672/en/ Drs. Christopher Piorkowski (left) and Thomas Gaspar (right) performing iCMR ablations at the Heart Center Dresden (Photo: Heart Center Dresden). Three procedures were successfully performed over two days by Dr. Christopher Piorkowski and Dr. Thomas Gaspar (https://www.herzzentrum-dresden.com/rhythmologie/unser-team/). Additional physicians at the Heart Center Dresden will also begin performing procedures immediately. These procedures mark the first iCMR ablations anywhere in the world to ever be performed outside of a clinical trial. They were performed in an iCMR lab fitted with a Siemens 1.5T MAGNETOM Aera MR scanner. “It’s ano

VALBIOTIS Announces a Global Strategic Partnership With NESTLÉ HEALTH SCIENCE For the Development and Commercialization of TOTUM-63, a Plant-derived Active Substance With Clinically Demonstrated Metabolic Health Benefits on Prediabetics5.2.2020 17:30:00 CETPress release

Regulatory News: VALBIOTIS (Paris:ALVAL) (FR0013254851 – ALVAL / PEA/SME eligible ), a Research & Development company committed to scientific innovation for preventing and combating metabolic diseases, announces the signature of a global long-term strategic partnership with Nestlé Health Science for the development and commercialization of TOTUM-63, an innovative and patented combination of 5 plant extracts specifically designed to reduce the risk of developing Type 2 Diabetes on prediabetics. Sébastien PELTIER, CEO of VALBIOTIS states: “Nestlé Health Science is an ideal strategic partner for VALBIOTIS. Its global reach, strategic intent to develop science-based nutritional health solutions and focus on fighting metabolic disorders like diabetes will be instrumental to TOTUM-63's worldwide commercialization success. We are excited about the opportunity that this deal brings to VALBIOTIS and to the many millions of people around the world at risk of becoming Type 2 diabetics. This trans

Skilling lanserar branschens första sömlösa integration med Spotwares cTrader, inriktad på erfarna handlare.30.1.2020 08:00:00 CETPress release

Forex- och CFD-handelsplattformen Skilling annonserade förra veckan lanseringen av branschens första sömlösa integration med Spotwares cTrader - en unik funktion som internt kallas Ett konto. Två plattformar. Detta pressmeddelande använder multimedia. Se den fullständiga versionen här: https://www.businesswire.com/news/home/20200130005070/sv/ Skilling lanserar branschens första sömlösa integration med Spotwares cTrader. (Photo: Business Wire) Funktionen gör att Skilling kan erbjuda sina kunder sömlös handel över två olika handelsplattformar på ett enda Skilling-konto utan att behöva finansiera och hantera två olika konton separat. ”Enkelt uttryckt ville vi ge våra kunder valet vilken handelsplattform de kan använda - vår egen Skilling Trader eller en mer avancerad klientorienterad cTrader. Problemet du har med andra mäklare som erbjuder flera plattformar är behovet av att finansiera två konton separat, upprätthålla sunda marginaler på två olika konton och också ha två uppsättningar av

inRiver utser Per-Olof Schroeder till ny VD29.1.2020 16:43:00 CETPress release

inRiver, som levererar SaaS-baserade lösningar för Product Information Management (PIM), meddelar att styrelsen idag har utsett Per-Olof Schroeder till ny VD för bolaget. Per-Olof tillträder sin tjänst med omedelbar verkan. “Styrelsen tackar Thor Johnson för hans ledning av bolaget under de två senaste åren, och är glada över att välkomna Per-Olof som vår nye VD," säger inRivers styrelseordförande, Jorgen Smidt. "Per-Olof har en påvisad erfarenhet av att mycket framgångsrikt leda utveckling av SaaS Computing Services, molnbaserade tjänster, och samtidigt leverera stark tillväxt både gällande intäkter, lönsamhet och marknadsandelar. I sin roll som bolagets VD kommer han fortsätta att utveckla inRivers mission att hjälpa våra kunder bli bäst på att marknadsföra och sälja sina produkter." Schroeder har mer än 25 års erfarenhet av ledande befattningar inom IT-branchen, inklusive 15 år på Microsoft, varav sju år som chef över Microsofts Productivity & Business Process Business Group i väste

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom