Tag: 杭州新茶学生

Retreat Healthcare Awarded Prestigious Re-Accreditation

first_imgThe Joint Commission on Accreditation of Healthcare Organizations renewed its accreditation of Retreat Healthcare afterconducting an extensive on-site survey in January.Founded in 1951, the Joint Commission is dedicated to continuouslyimproving the safety and quality of the nation’s health care throughvoluntary accreditation. “Achieving accreditation demonstrates RetreatHealthcare’s commitment to provide high quality care” says MaryCesare-Murphy, Ph.D., executive director, Behavioral Health Care Program,Joint Commission.Rick Palmisano, CEO of Retreat Healthcare, expressed pride in the surveyresults, and in the vital role that everyone within the organization playsin working to meet these standards of excellence. “The Joint Commission’srenewal of accreditation once again confirms our hard work and reflectsthe significant effort we make on a day-to-day basis at all levels of ourorganization.”The team of surveyors cited Retreat Healthcare staff in particular fortheir compassion and professionalism, and demonstration of effectiveteamwork.last_img read more

Green Mountain Coffee Roasters reports continued robust performance in third quarter

first_imgGreen Mountain Coffee Roasters, Inc., (NASDAQ: GMCR) today announced its fiscal 2009 third quarter results for the thirteen weeks ended June 27, 2009, reporting outstanding top and bottom line growth. Net sales for the third quarter of fiscal 2009 totaled $190.5 million as compared to $118.1 million reported in the third quarter of fiscal 2008, representing an increase of 61% over the same quarter last year. Net income for the third quarter of fiscal 2009 increased 123% to $14.1 million or $0.36 per diluted share, from $6.3 million or $0.16 per diluted share in the third quarter of fiscal 2008.During fiscal 2009 s third quarter, 398 million K-Cup® portion packs were shipped system-wide by all Keurig licensed roasters, up 64% over the year-ago quarter. Supporting continued growth in K-Cup demand, there were 439,000 Keurig brewers shipped during the third quarter of fiscal 2009, up 187% over the same quarter in the prior year.Lawrence J. Blanford, GMCR s President and CEO, said, We are very pleased with our performance this past quarter. Over the last twelve quarters our overall top-line growth has averaged 56%. We believe our consistently strong top-line growth demonstrates that the quality, convenience and value of the Keurig Single-Cup Brewing System have caused a revolution in how consumers prepare and enjoy their coffee.Blanford continued, We are in the right place at the right time with our innovative brewing system which has been so well received in the marketplace. Looking forward, we intend to continue leveraging this opportunity through the successful execution of our enabling initiatives that fuel GMCR s growth by driving Keurig Single-Cup brewer sales and K-Cup portion pack demand. To date, these initiatives have included the acquisition of the wholesale business and Tully s® brand from Tully s Coffee Corporation and the integration of that business into our Specialty Coffee business unit, licensing of Keurig single-cup brewer technology for the Cuisinart® and Mr. Coffee® brands, and beverage innovations such as the introduction of new K-Cup portion pack products like Café Escapes and Celestial Seasonings Perfect Iced Teas.Blanford concluded, Our goal is to build stockholder value by providing consumers with an extraordinary coffee experience while helping to make a positive difference in the world. This success would not have been possible without the tremendous efforts from all of our employees, the enthusiasm with which our customers and loyal consumers have embraced our system, and the dedication of everyone else who has played an important role in this story. However, there is much more of the story to be told, and, as we look forward, I believe all of these constituencies will continue to play an important role.Fiscal 2009 Third Quarter Financial ReviewNet SalesFor the Keurig business unit, net sales for the third quarter of fiscal 2009, after the elimination of inter-company sales, were $90.1 million, up 97% from net sales of $45.8 million in the third quarter of fiscal 2008. About half of the increase in Keurig s net sales this past quarter was due to the 112% increase in K-Cup sales to retailers and to consumers from Keurig.com. Dollar net sales of At Home brewers and accessories contributed approximately one-third of the increase in total Keurig business unit net sales this quarter. In addition, royalty income from the sale of K-Cups® from third party licensed roasters increased approximately $3 million over last year s third fiscal quarter and totaled $9 million. Further detail on shipments of Keurig brewers and K-Cup portion packs is provided in the chart accompanying this press release.For the Specialty Coffee business unit (previously called the Green Mountain Coffee segment), net sales for the third quarter of fiscal 2009 grew 39% to $100.4 million, after the elimination of inter-company sales, as compared to $72.4 million reported in the third quarter of fiscal 2008. Dollar net sales growth was strongest in channels that benefit from sales of K-Cup portion packs including retail reseller, supermarket, consumer direct and office coffee channels. Coffee, tea and hot cocoa pounds shipped increased 40% this quarter over the prior period and totaled 10.9 million pounds.Sales related to the Tully s brand represented approximately 5.5% of the 61% increase in consolidated net sales, which are included in the Company s results for the first time.Costs, Margins and IncomeCost of sales increased to 66.4% of total net sales compared to 64.0% for the corresponding quarter last year. The increase over last year is primarily due to the significant increase in sales of Keurig At Home Single-Cup brewers, which are sold at approximately cost, as part of the Company s strategy to drive demand for our K-Cup portion packs by increasing the installed base of Keurig brewers.Selling, general and administrative expenses (SG&A) improved as a percentage of net sales by 470 basis points to 21.7% from 26.4% in the prior year quarter. This improvement was primarily the result of leveraging selling and organizational resources on a higher sales base.As a result of this SG&A leverage, the Company increased its operating income by 101% to $22.8 million in the third quarter of fiscal 2009, as compared to $11.3 million reported in the third quarter of fiscal 2008. Operating margins significantly improved as a percentage of net sales to 12.0% from 9.6% in the prior year period.Interest expense was $1.1 million and $1.4 million in the third quarter of fiscal 2009 and fiscal 2008, respectively.Income before taxes for the third quarter of fiscal 2009 increased 118% to $21.7 million as compared to $9.9 million reported in the third quarter of fiscal 2008.The Company s tax rate was 34.7% as compared to 36.3% in the prior year quarter. The difference was primarily due to higher research and development costs and foreign tax credits.Net income for the third quarter of fiscal 2009 was $14.1 million or 7.4% of net sales as compared to $6.3 million or 5.4% in the corresponding quarter last year.Balance Sheet HighlightsAccounts receivable increased 82% year-over-year to $68.5 million at June 27, 2009, from $37.7 million at June 28, 2008, as a result of the strong sales during the third quarter of fiscal 2009.Inventories increased 64% year-over-year to $103.2 million at June 27, 2009, from $63.1 million at June 28, 2008, reflecting the Company s effort to ensure both efficiencies and sufficient inventories of brewers and K-Cups for the fourth quarter of fiscal 2009 to meet anticipated strong consumer demand.Long-term debt increased to $126.0 million at June 27, 2009, from $118.7 million at March 28, 2009 primarily to fund capital expenditures. Cash flow from operations in the third quarter funded this quarter s increase in inventories and other working capital needs.During the quarter the Company completed a three-for-two stock split, effected in the form of a stock dividend, and distributed one additional share of its common stock to all shareholders of record at the close of business on May 29, 2009 for every two shares of common stock held on that date. On June 9, 2009, the Company s stock began trading on a split-adjusted basis with the new number of outstanding shares equaling 1.5 times the pre-split number.Subsequent EventOn June 29, 2009, the Company exercised the increase option under its existing $225 million revolving credit facility. This increase option was in the form of a $50 million term loan, to be amortized at the rate of 10% annually, commencing on September 30, 2009. All borrowings under the credit agreement, including the outstanding balance under the term loan, are due on December 3, 2012. In addition, on June 29, 2009, the Company amended the credit agreement which resulted in removing the capital expenditures limitation covenant and adjusting the definition of the fixed charge coverage ratio to adjust the capital expenditures included in the definition to 50% of unfinanced capital expenditures. For more detailed information, please see the Amended and Restated Revolving Credit Agreement to be filed with the Company s Form 10-Q for this quarter.Business Outlook and Other Forward-Looking InformationCompany Estimates for Fiscal Year 2009:Total consolidated net sales growth of 58% to 61%.Total K-Cup portion packs shipped system-wide by all Keurig licensed roasters to increase in the range of 60% to 65%.An operating margin in the range of 9.4% to 9.8%, up from prior estimates of 8.6% to 9.0%, including $5.3 million or $0.08 per diluted share for non-cash amortization expenses related to the identifiable intangibles of both the Keurig and Tully s acquisitions, and excluding the pre-tax $17 million Kraft patent litigation settlement.Interest expense of $5.2 million to $5.5 million, down from prior estimates of $5.5 million to $6.0 million.A tax rate of 37.9% as compared to 38.9% in fiscal 2008, down from prior estimate of 39.5%.The Tully s transaction is expected to be neutral to slightly accretive to earnings per share for the first twelve months of ownership, and accretive thereafter. However, for the fourth quarter of fiscal 2009, as the Company integrates the Tully s business into its Specialty Coffee business unit and invests in additional West Coast capacity, the transaction is expected to be slightly dilutive to the Company’s operating margin and earnings per share.Fully diluted GAAP earnings per share in the range of $1.37 to $1.41 per share, including the pre-tax $17 million or $0.27 per diluted share Kraft patent litigation settlement, and including the non-cash amortization expenses related to the identifiable intangibles of $5.3 million or approximately $0.08 per share. Excluding the Kraft litigation settlement, fully diluted non-GAAP earnings per share in the range of $1.10 to $1.14 per share, up from prior estimates of $0.98 to $1.02 per share.Company Estimates Relating to Balance Sheet and Cash Flow for Fiscal Year-end 2009:Capital expenditures for fiscal 2009 in the range of $55 to $60 million.Depreciation and amortization expenses in the range of $24 to $26 million including $5.3 million for amortization of identifiable intangibles.First Issue of Company Estimates for Fourth Quarter Fiscal Year 2009:Total consolidated net sales growth of 60% to 63% as compared to the fourth quarter of 2008.An operating margin in the range of 10.0% to 10.8% (as compared to 9.6% in the year-ago quarter, and 12.0% in the third quarter of fiscal 2009) including non-cash amortization expenses for identifiable intangibles of approximately $1.5 million. The fiscal fourth quarter operating margin estimates include start-up costs associated with ramping up production capabilities at the Company s new Knoxville, Tennessee facility and the expectation that the Tully s wholesale business will be slightly dilutive to earnings per share in the fiscal fourth quarter of 2009.Fully diluted GAAP earnings per share in the range of $0.30 to $0.34 per share, including the non-cash amortization expenses related to the identifiable intangibles that are estimated to reduce earnings per share by approximately $0.02 per share.First Issue of Company Estimates for Fiscal Year 2010:Total consolidated net sales growth of 45% to 50%.Total K-Cup portion packs shipped system-wide by all Keurig licensed roasters to increase in the range of 65% to 70%.Fully diluted GAAP earnings per share in the range of $1.70 to $1.80 per share, including the non-cash amortization expenses related to the identifiable intangibles mentioned above of $5.3 million or approximately $0.08 per share.Use of Non-GAAP Financial MeasuresIn addition to reporting financial results in accordance with generally accepted accounting principles (GAAP), the Company provides non-GAAP operating results that exclude certain charges or credits and non-cash related items such as amortization of identifiable intangibles related to the Keurig acquisition completed on June 15, 2006, the acquisition of Tully Coffee Corporation s wholesale business and brands completed on March 27, 2009, and one-time operating income related to the settlement of the Company s Kraft litigation. These amounts are not in accordance with, or an alternative to, GAAP. The Company s management believes that these measures provide investors with greater transparency by helping illustrate the underlying financial and business trends relating to the Company s results of operations and financial condition and comparability between current and prior periods. Management uses the measures to establish and monitor budgets and operational goals and to evaluate the performance of the Company.Green Mountain Coffee Roasters, Inc. will be discussing these financial results and future prospects with analysts and investors in a conference call available via the internet. The call will take place today at 5:00 PM ET and will be available, with accompanying slides, via live webcast on the Company s website at www.GreenMountainCoffee.com(link is external). The Company archives the latest conference call on the Investor Services section of its website for a period of time. A replay of the conference call also will be available by telephone at 719-457-0820, Passcode 4422024 from 9:00 PM ET on July 29 through 9:00 PM ET on Monday, August 3, 2009.GMCR routinely posts information that may be of importance to investors in the Investor Services section of its website, including news releases and its complete financial statements, as filed with the SEC. The Company encourages investors to consult this section of its website regularly for important information and news. Additionally, by subscribing to the Company s automatic email news release delivery, individuals can receive news directly from GMCR as it is released.About Green Mountain Coffee Roasters, Inc.As a leader in the specialty coffee industry, Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) is recognized for its award-winning coffees, innovative brewing technology, and socially responsible business practices. GMCR s operations are managed through two business units. The Specialty Coffee business unit produces coffee, tea and hot cocoa from its family of brands, including Green Mountain Coffee®, Tully s Coffee® and Newman s Own® Organics coffee. The Keurig business unit is a pioneer and leading manufacturer of gourmet single-cup brewing systems. K-Cup® portion packs for Keurig® Single-Cup Brewers are produced by a variety of licensed brands, including Green Mountain Coffee and Tully s Coffee. GMCR supports local and global communities by offsetting 100% of its direct greenhouse gas emissions, investing in Fair Trade Certified ¢ coffee, and donating at least five percent of its pre-tax profits to social and environmental projects. Visit www.GreenMountainCoffee.com(link is external) and www.Keurig.com(link is external) for more information.Forward-Looking StatementsCertain statements contained herein are not based on historical fact and are forward-looking statements within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as anticipate, believe, , could, estimate, expect, feel, forecast, intend, may, plan, potential, project, should, would, and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Owing to the uncertainties inherent in forward-looking statements, actual results could differ materially from those stated here. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the impact on sales and profitability of consumer sentiment in this difficult economic environment, the Company s success in efficiently expanding operations and capacity to meet growth, the Company s success in efficiently and effectively integrating Tully s wholesale operations and capacity into its Specialty Coffee business unit, the Company s success in introducing new product offerings, the ability of our lenders to honor their commitments under our credit facility, competition and other business conditions in the coffee industry and food industry in general, fluctuations in availability and cost of high-quality green coffee, any other increases in costs including fuel, Keurig s ability to continue to grow and build profits with its roaster partners in the office and At Home businesses, the impact of the loss of major customers for the Company or reduction in the volume of purchases by major customers, delays in the timing of adding new locations with existing customers, the Company s level of success in continuing to attract new customers, sales mix variances, weather and special or unusual events, as well as other risks described more fully in the Company s filings with the SEC. Forward-looking statements reflect management s analysis as of the date of this press release. The Company does not undertake to revise these statements to reflect subsequent developments, other than in its regular, quarterly earnings releases.last_img read more

Make better decisions using your credit union data

first_imgIs the fear of undertaking a core conversion holding your credit union back from making better business decisions that can lead to the growth? In the article, “Two Products That Will Increase Credit Union Growth,” it is discussed how the number of credit union members in the U.S. represents approximately 43% of the economically active population, a number that is continuing to grow as distrust in big banks continues (think Wells Fargo). Additionally, a commitment to product development by CU executives has contributed to the sustained growth we are experiencing. However, what works for one credit union doesn’t always work for another. How can you be sure you are investing in the technology that your members demand if your existing credit union core provider does not deliver meaningful data and reports?While reporting is not the focus of credit union core systems, providing useful access to stored data within the core is imperative when budgeting and planning season comes around. Your member data, when reported in a relevant way, can not only tell you what products are best positioned for cross-selling to different members, it can provide insight into how your product investment dollars should be spent. For instance, knowing how and when your member base uses mobile banking can drive the direction your mobile app takes. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Fed’s Bullard: Coronavirus shutdown not a recession but an investment in survival

first_imgThey must also be coupled with massive federal government support to sustain the population through its coming isolation and prime the economy to pick up where it left off.To Bullard that means:Match any lost wages.Match any lost business. In normal times massive unemployment and a collapse in economic output would be tragic.This time, as the coronavirus cloisters millions of Americans and shuts down the US economy, it should instead be saluted as an investment in public health that lays the groundwork for a rapid rebound.That is the view of St. Louis Federal Reserve President James Bullard, who argues that a potential US$2.5 trillion hit coming to the economy is both necessary and manageable if officials move fast and keep it simple. It may seem an unconventional view in a moment of global anxiety, but Bullard argues the shutdown measures now being rolled out are essential to shortening the course of the pandemic. No questions asked.No arguments about bailouts or “moral hazard” – the sticky issue of publicly funded rescues of bad actors.And, above all, when the losses are tallied, don’t call it a recession.Recessions are the ordinary – even predictable – contractions in activity that mark the end of normal business cycles. Bullard, who has earned a reputation inside the Fed for a penchant to rethink problems and reframe debates, said this is anything but.“Frame this as a massive investment in US public health,” Bullard said in a Friday telephone interview.”Crazy heavy” jobless claims? That’s OK.Bullard’s comments came as US lawmakers debated emergency economic measures worth $1 trillion or more, a figure Bullard says may underestimate what’s needed.Nonetheless it is still opening old wounds from the 2007-2009 economic crisis over who deserves what, whether corporations should get help, and how generous the government should be with workers.The spread of the coronavirus has touched off those discussions worldwide, but with an urgency that is shredding old hesitancies. United Kingdom Prime Minister Boris Johnson’s government on Friday announced it would pick up 80 percent of the national wage bill for the next three months.Many Fed officials have called for a stronger US fiscal response in recent days, but Bullard went a step further with an explicit call for the US government to match what is being lost dollar for dollar.For now, he said, economists and policymakers should turn their view of data on its head because little will make sense otherwise.The recent jump in unemployment claims? That’s a win, a sign that so-called government stabilizers are being used. The hope should be that such programs get “crazy heavy use” in coming weeks, he said.If economic output falls by half in the second quarter, that’s a win – not a record-setting defeat. It means businesses have heeded orders to close and customers to stay home.“We are not trying to move production and income up in the second quarter. We are trying to keep it out of the second quarter,” Bullard said.“You want capital to just sit in place. Switch off the factory … Then switch it back on.”30 percent unemployment a possibilityBullard was among the large group at the Fed who at first felt the virus risk would pass with little economic damage, as have other similar health scares such as SARS and ebola.They are all now trying to catch up, with emergency rate cuts, extensive new programs to keep markets working, and other steps to aid an economy grinding to a halt.In line with his colleagues, he said he was ready to do more, including putting more of the Fed’s direct lending powers to work if needed.“It is early days and we are willing to do more. I am willing to do more,” he said.Bullard was blunt about the dilemma posed, saying the economics profession was “reeling” as it tries to understand what is taking place.For now what’s usually good – jobs and production – are bad, and the headline numbers are going to be staggering.Bullard’s ballpark estimate is that unemployment could hit 30 percent, higher than in the Great Depression and three times more than the 2007-2009 recession. Output in the second quarter could be half the norm, a hit of about $2.5 trillion.That is unavoidable if the virus is to be contained through “social distancing” or government orders to stay at home.Illustration of economy class seats on an airplane. (Shutterstock/ vvoe)Keep everyone wholeAll this needn’t wreck the economy. Legislation working its way through Congress has begun to roll out some support.Bullard said the “core aim” can be kept simple: “keep everyone, households and businesses whole through the second quarter.” Do it with a quick expansion of unemployment insurance to cover lost wages, and through grants and loans to business to cover losses from “unemployed” capital.From a macroeconomic standpoint, he argues, it is a tractable problem.Again using back of the envelope math and a 30,000-foot view, he said perhaps half a trillion dollars of lost output will be accounted for by necessarily lost consumption – all the movie tickets and clothes no one buys and trips people will not take.As to the other $2 trillion, Bullard said the federal government should borrow and distribute it to people and business.“That is completely feasible,” in service of limiting economic damage, he said. “This is a planned, organized partial shut down of the US economy. We are throttling back output on purpose to meet health guidelines… Transfer income to affected households.”“Call it pandemic relief,” Bullard said. “Get transfers to businesses that are affected heavily, and come out on the other side. Identical economy. Produce the same goods as before.”Topics :last_img read more

Wellington Fire/EMS weekly run: Nov. 23- Nov. 29, 2015

first_img26-Nov12:43 PMInjury AccidentKansas Turnpike Wellington Fire & EMS Weekly Run Log 24-Nov5:33 PMTransfer to Wichita 27-Nov11:06 AMMedical Emergency300 block S. Blaine 23-Nov8:55 AMTransfer to Wichita 23-Nov7:09 AMMedical Emergency1500 block West 8th Sumner Newscow report — The Wellington Fire and EMS weekly run log for Nov. 23 to Nov. 29, 2015.  28-Nov2:41 PMElectric Line Down600 block S. Jefferson 29-Nov10:27 PMMedical Emergency400 block South C 27-Nov11:16 AMNatural Gas Leak1500 block Western 27-Nov4:34 PMVehicle Accident600 block W. 60th Street 25-Nov10:13 AMMedical Emergency1100 block E. 20th Street South Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments 25-Nov3:37 PMTransfer to Wichita 23-Nov5:57 AMMedical Emergency700 block E. 7th 23-Nov9:08 PMGrass Fire100 block E. 15th      25-Nov10:24 AMMedical EmergencyKansas Turnpike 29-Nov2:27 PMElectric Transformer600 block Delrose 24-Nov3:36 PMMedical Emergency1100 block E. Harveycenter_img 24-Nov2:38 PMInjury AccidentKansas Turnpike 26-Nov3:18 PMVehicle Accident1100 E. 10th Avenue 29-Nov9:05 AMTransfer to Wichihta 26-Nov4:49 PMInjury AccidentRiver Road & US 160 29-Nov10:32 AMMedical Emergency400 block South C 23-Nov3:08 PMInvestigate Burning600 block North C 29-Nov10:50 AMMedical EmergencyOxford 26-Nov6:06 PMTransfer to Wichita 28-Nov9:36 PMMedical Emergency800 block E. 9th Follow us on Twitter. 27-Nov10:02 AMMedical Emergency1200 block N. Plum 26-Nov4:31 PMFire Alarm1500 block N. Blaine 28-Nov11:25 AMTransfer to Wichita 24-Nov6:11 PMMedical Emergency1000 block College 26-Nov2:53 PMInjury Accident3rd & Ash 28-Nov9:31 AMTransfer to Wichita 29-Nov8:18 AMVehicle AccidentUS 81 & 90th Street Southlast_img read more