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These excerpts taken from the XIDE 10-K filed Jun 4, 2009. Net
Sales
Net sales were $3.32 billion for fiscal 2009 versus
$3.70 billion in fiscal 2008. Foreign currency translation
unfavorably impacted net sales in fiscal 2009 by approximately
$1.6 million. Excluding the foreign currency translation
impact, net sales decreased by approximately
$372.8 million, or 10.1%, primarily as a result of lower
unit sales and $141.9 million reduced pricing related to
the decrease in the market price of lead.
Transportation Americas net sales were $1.14 billion for
fiscal 2009 versus $1.13 billion for fiscal 2008. Net sales
for fiscal 2009 were $10.2 million, or 0.9%, higher than
fiscal 2008 due to the favorable impact of price, partially
offset by a decline in aftermarket and OEM unit sales as well as
a $45.6 million unfavorable impact caused by the lower
average price of lead. Third-party lead sales for fiscal 2009
were approximately $21.3 million lower than fiscal 2008.
Transportation Europe and ROW net sales were $908.1 million
for fiscal 2009 versus $1.16 billion for fiscal 2008. Net
sales in fiscal 2009, excluding the favorable impact of
$1.2 million in foreign currency translation, decreased by
$249.1 million, or 21.6% compared to fiscal 2008. The
decrease was primarily due to lower unit volumes in the
aftermarket and OEM channels as well as $63.2 million in
reduced pricing related to the decrease in the market price of
lead, partially offset by favorable non-lead pricing actions in
both channels.
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Industrial Energy Americas net sales were $287.1 million
for fiscal 2009 versus $301.6 million for fiscal 2008. Net
sales in fiscal 2009 were $14.4 million, or 4.8%, lower
than fiscal 2008 due primarily to lower unit sales in the motive
power markets and, to a lesser extent, the network power markets
as well as a $7.0 million unfavorable impact caused by the
lower average price of lead, partially offset by favorable
non-lead pricing actions implemented in both markets.
Industrial Energy Europe and ROW net sales were
$990.5 million for fiscal 2009 versus $1.11 billion
for fiscal 2008. Net sales in fiscal 2009, excluding unfavorable
foreign currency translation of $2.8 million, decreased
$119.5 million, or 10.7%, compared to fiscal 2008 due to
lower unit sales in the network power and motive power markets
as well as a $26.1 million unfavorable impact of the lower
average price of lead, partially offset by favorable non-lead
pricing actions implemented in both markets.
Net
Sales
Net sales were $3.70 billion for fiscal 2008 versus
$2.94 billion in fiscal 2007. Currency fluctuations
(primarily the strengthening of the Euro against the
U.S. Dollar) favorably impacted net sales in fiscal 2008 by
approximately $228.4 million. Excluding the currency
impact, net sales increased by approximately
$528.5 million, or 18%, primarily as a result of the impact
of favorable pricing actions.
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Transportation Americas net sales were $1.13 billion for
fiscal 2008 versus $930.3 million for fiscal 2007. Net
sales for fiscal 2008 were $196.1 million, or 21.1%, higher
than fiscal 2007 due to favorable pricing actions and increases
in unit volume, particularly in the aftermarket channel which
experienced a 6.3% increase, partially offset by a 10.0% decline
in the OEM channel. Although the Company has been focused on
cost-cutting efforts, it has also been increasing its efforts to
pass on commodity cost increases to its customers. In many
cases, the Company has been successful in passing on these
increased costs, although there is typically a time lag between
implementation of changes and realization of the related
pricing. In cases where the Company has not been successful
passing on these costs, it has determined not to accept further
business from certain of these customers to avoid absorbing
these customer losses. Third-party lead sales revenues for
fiscal 2008 were approximately $32.7 million higher than
fiscal 2007.
Transportation Europe and ROW net sales were $1.16 billion
for fiscal 2008 versus $832.2 million for fiscal 2007. Net
sales in fiscal 2008, excluding the favorable impact of
$117.3 million in foreign currency translation, increased
by $206.5 million, or 24.8% compared to fiscal 2007. The
increase was primarily due to favorable pricing actions,
partially offset by a 7.9% reduction in overall unit sales.
Industrial Energy Americas net sales were $301.6 million
for fiscal 2008 versus $270.5 million for fiscal 2007. Net
sales in fiscal 2008 were $31.1 million, or 11.5%, higher
than fiscal 2007 due primarily to favorable pricing actions
implemented in both the network power and motive power markets
to help offset higher commodity costs.
Industrial Energy Europe and ROW net sales were
$1.11 billion for fiscal 2008 versus $906.8 million
for fiscal 2007. Net sales in fiscal 2008, excluding favorable
foreign currency translation of $111.0 million, increased
$94.9 million, or 10.5%, compared to fiscal 2007 due to
favorable pricing actions implemented in both the network power
and motive power markets, partially offset by reduced volumes in
the motive power market.
This excerpt taken from the XIDE 10-K filed Jun 9, 2008. Net
Sales
Net sales were $2.94 billion for fiscal 2007 versus
$2.82 billion in fiscal 2006. Foreign currency translation
(primarily the strengthening of the Euro against the
U.S. Dollar) favorably impacted net sales in fiscal 2007 by
approximately $87.7 million. Excluding the foreign currency
translation impact, net sales increased by approximately
$32.2 million, or 1.1%, as a result of stronger Industrial
Energy demand in Europe and ROW, and was partially offset by
weaker Transportation demand in both the Americas and Europe and
ROW, and weaker Industrial Energy demand in the Americas in the
network power product. Lower demand was more than offset by the
impact of favorable pricing actions in all of the Company’s
segments. Much of the lower unit volume in both Transportation
segments was attributed to the Company’s pricing strategy
of driving customer profitability to more appropriate levels or
severing relationships where reasonable profitability could not
be achieved.
Transportation Americas net sales were $930.3 million for
fiscal 2007 versus $913.3 million for fiscal 2006. Net
sales for fiscal 2007 were $17.0 million, or 1.9% higher,
than fiscal 2006 due to higher pricing, which, in part,
reflected the pass-through of cost increases from lead, other
materials, and energy. Transportation Americas experienced lower
volumes in original equipment and aftermarket sales, in part, as
a result of the Company’s efforts to eliminate or wind down
unprofitable contracts and customers. Third-party lead sales
revenues for fiscal 2007 were approximately $22.4 million
higher than fiscal 2006 due to rising lead prices.
Transportation Europe and ROW net sales were $832.2 million
for fiscal 2007 versus $810.9 million for fiscal 2006. Net
sales in fiscal 2007 excluding the favorable impact of
$42.3 million in foreign currency translation reduced by
$21.0 million, or 2.6%, compared to fiscal 2006. The
decrease was primarily due to lower aftermarket sales volumes
only partially offset by higher average selling prices.
Industrial Energy Americas net sales were $270.5 million
for fiscal 2007 versus $275.0 million for fiscal 2006. Net
sales in fiscal 2007 were $4.5 million, or 1.6% lower than
fiscal 2006, due primarily to the softness in the network power
markets, particularly in wireless telecommunications and lower
sales to the U.S. Navy, which spiked in fiscal 2006 in
advance of a change in technology, offset partially by higher
average selling prices related to lead cost recovery and strong
volume in the motive power markets.
Industrial Energy Europe and ROW net sales were
$906.8 million for fiscal 2007 versus $820.7 million
for fiscal 2006. Net sales in fiscal 2007, excluding favorable
foreign currency translation of $45.4 million,
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increased $40.7 million, or 5.0%, compared to fiscal 2006
due to higher average selling prices related to lead and other
pricing actions, and higher volumes in the network power
markets, in particular the telecommunications channel.
This excerpt taken from the XIDE 10-K filed Jun 29, 2005. Net Sales
Net sales were $2,500,493 for fiscal 2004 versus $2,361,101 in fiscal 2003. Currency positively impacted net sales for fiscal 2004 by approximately $229,000. The strength of the Euro in the Company’s European markets also resulted in competitive pricing pressures from Asian imports, negatively impacting average selling prices.
Transportation North America net sales were $817,710 for fiscal 2004 versus $833,493 for fiscal 2003. Revenues declined slightly due to reduced unit volumes in both the aftermarket and original equipment channels.
Transportation Europe and ROW net sales were $760,512 for fiscal 2004 versus $660,417 for fiscal 2003. Volumes declined in the original equipment channel following the loss of certain original equipment business. Selling prices were lower in fiscal 2004, principally because of competitive pricing pressures. Currency positively impacted Transportation Europe and ROW net sales in fiscal 2004 by approximately $120,000.
Industrial Energy North America net sales were $210,572 for fiscal 2004 versus $199,856 for fiscal 2003. The increase was primarily due to higher material handling application volumes and higher telecommunications market volumes.
Industrial Energy Europe and ROW net sales were $711,699 for fiscal 2004 versus $667,335 for fiscal 2003. Sales volumes were lower due to lower European material handling application shipments, reductions from strong European military shipments in fiscal 2003 and weakness in the Asian market, including disruption of the Company’s Chinese operations. Sales were also negatively impacted by competitive pricing pressures in Europe, including the impact of Asian imports. Currency positively impacted Industrial Energy Europe and ROW net sales in fiscal 2004 by approximately $109,000.
This excerpt taken from the XIDE 10-K filed Mar 1, 2005. Net Sales
Net sales were $2,361,101 for fiscal 2003 versus $2,428,550 in fiscal 2002. This decrease resulted from lower sales volumes in all of the Company’s business segments during fiscal 2003. Net sales were positively impacted by $136,900 due to the strong Euro.
Transportation North America net sales were $833,493 for fiscal 2003 versus $893,695 for fiscal 2002. Revenues declined due to reduced unit volumes principally due to lost business and territories in our aftermarket accounts. These reductions were partially offset by benefits from warranty management programs. Results for fiscal 2003 were also favorably impacted by approximately $4,800 from changes in estimates of historical warranty obligations based upon new commercial arrangements.
Transportation Europe and ROW net sales were $660,417 for fiscal 2003 versus $624,424 for fiscal 2002. Sales volumes were slightly lower, primarily in original equipment. Currency positively impacted Transportation Europe and ROW net sales in fiscal 2003 by approximately $68,800.
Industrial Energy North America net sales were $199,856 for fiscal 2003 versus $254,643 for fiscal 2002. Lower sales volumes resulted from the general softness in the United States economy, including the impact on demand for material handling application volumes and a significant decline in capital spending in the telecommunications sector.
Industrial Energy Europe and ROW net sales were $667,335 for fiscal 2003 versus $655,788 for fiscal 2002. Lower sales volumes were a direct result of the significantly weaker telecommunications markets in Europe and Asia. Currency positively impacted Industrial Energy Europe and ROW net sales in fiscal 2003 by approximately $68,100.
This excerpt taken from the XIDE 10-Q filed Feb 14, 2005. Net Sales
Net sales were $1,978,036 in the nine months of fiscal 2005 versus $1,825,015 in the nine months of fiscal 2004. Currency positively impacted net sales in the nine months of fiscal 2005 by approximately $87,400. Net sales were higher by approximately $43,700 as a result of lead related pricing actions.
Transportation North America net sales were $643,019 in the nine months of fiscal 2005 versus $611,132 in the nine months of fiscal 2004. Third party lead sales revenues for the nine months of fiscal 2005 were $19,416 higher than the nine months of fiscal 2004 due to rising lead prices. Transportation North America net sales also increased due to higher unit volumes, principally in the original equipment channel and higher average selling prices from lead related pricing actions.
Transportation Europe and ROW net sales were $598,007 in the nine months of fiscal 2005 versus $538,730 in the nine months of fiscal 2004. Currency positively impacted Transportation net sales in the nine months of fiscal 2005 by approximately $44,600. European selling prices for the nine months of fiscal 2005 were higher than the nine months of fiscal 2004, primarily from the effect of lead-related pricing adjustments, partially offset by the impact of lower sales volumes in the original equipment and aftermarket channels.
Industrial Energy North America net sales in the nine months of fiscal 2005 were $160,359 versus $154,333 in the nine months of fiscal 2004. The increase was primarily due to higher material handling application volumes, lead related pricing actions and the recognition of $2,950 previously deferred income on a customer agreement under which the Company fulfilled its obligations in the third quarter of fiscal 2005.
Industrial Energy Europe and ROW net sales in the nine months of fiscal 2005 were $576,651 versus $520,820 in the nine months of fiscal 2004. Currency positively impacted Industrial Energy Europe and ROW
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Table of Contentsnet sales in the nine months of fiscal 2005 by approximately $42,800. Higher material handling application volumes and higher average selling prices due to lead related pricing actions were partially offset by lower telecommunication market volumes and competitive pricing pressures within both the original equipment and aftermarket channels.
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