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FMC Corporation announces date for fourth quarter 2024 earnings release and webcast conference call

FMC Corporation announces date for fourth quarter 2024 earnings release and webcast conference call

Poulin has game winner as Montreal Victoire tops Minnesota Frost 3-2 for 3rd straight win SAINT PAUL, Minn. (AP) — Mariah Keopple and Alexandra Labelle scored their first goals of the season and the Montreal Victoire edged the Minnesota Frost 3-2 on Saturday. Canadian Press Dec 28, 2024 2:32 PM Dec 28, 2024 2:35 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message SAINT PAUL, Minn. (AP) — Mariah Keopple and Alexandra Labelle scored their first goals of the season and the Montreal Victoire edged the Minnesota Frost 3-2 on Saturday. Marie-Philip Poulin's goal almost six minutes into the second period was the difference as she converted a 2-on-1 from Laura Stacey and Jennifer Gardiner and Montreal (2-2-0-1), which went 0 for 3 on the power play, won its third straight while handing Minnesota (3-1-1-1) its first regulation loss of the season. Despite having the better control of the action from the start Montreal fell behind 1-0 near the middle of the first period when Claire Thompson and Taylor Heise set up Britta Curl-Salemme for her third goal of the season. But in the last five minutes of the period Keopple scored on a pass from Claire Dalton, and Labelle banged in a rebound of her initial shot. Minnesota pulled into a tie at just 3:17 into the second period when Brooke McQuigge picked up her first goal during a scramble in front of the Montreal goal. Barely 2 1/2 minutes later the Victoire were back on top on Poulin's second goal of the season and Ann-Renee Desbiens, who made 22 saves, made that stand up. Maddie Rooney made 22 saves for Minnesota, which went 0-1 on the power play. Boston plays at Montreal on Monday. The Frost are home against Boston on Thursday. ___ AP women’s hockey: https://apnews.com/hub/womens-hockey The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More National Sports 'Let's not panic': Canada picks up the pieces after ugly Latvia loss at world juniors Dec 28, 2024 2:08 PM Dobes gets shutout in NHL debut, Canadiens blank Panthers 4-0 Dec 28, 2024 1:24 PM Quinn Hughes and Elias Pettersson out for Canucks vs. Kraken Dec 28, 2024 12:31 PM Featured FlyerSalesforce, Inc. ( NYSE:CRM – Get Free Report ) insider R David Schmaier sold 1,785 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $344.00, for a total transaction of $614,040.00. Following the sale, the insider now directly owns 19,116 shares of the company’s stock, valued at approximately $6,575,904. This represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Salesforce Stock Down 1.0 % Shares of NYSE CRM opened at $338.45 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $328.28 and a 200 day moving average of $282.57. Salesforce, Inc. has a 12-month low of $212.00 and a 12-month high of $369.00. The stock has a market cap of $323.90 billion, a PE ratio of 55.67, a P/E/G ratio of 3.21 and a beta of 1.30. Salesforce ( NYSE:CRM – Get Free Report ) last posted its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. Salesforce’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.62 EPS. As a group, sell-side analysts predict that Salesforce, Inc. will post 7.48 EPS for the current fiscal year. Salesforce Dividend Announcement Institutional Investors Weigh In On Salesforce Several hedge funds and other institutional investors have recently bought and sold shares of the company. Infrastructure Capital Advisors LLC purchased a new stake in shares of Salesforce in the 3rd quarter valued at approximately $27,000. Clear Investment Research LLC lifted its holdings in Salesforce by 816.7% in the second quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 98 shares during the last quarter. Godsey & Gibb Inc. grew its position in Salesforce by 300.0% in the third quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock worth $33,000 after acquiring an additional 90 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Salesforce during the second quarter worth $33,000. Finally, Annapolis Financial Services LLC raised its position in Salesforce by 135.6% in the third quarter. Annapolis Financial Services LLC now owns 139 shares of the CRM provider’s stock valued at $38,000 after purchasing an additional 80 shares during the period. 80.43% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades CRM has been the subject of several analyst reports. The Goldman Sachs Group upped their price objective on Salesforce from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Phillip Securities reaffirmed an “accumulate” rating and issued a $305.00 price objective on shares of Salesforce in a research note on Friday, August 30th. Robert W. Baird boosted their price objective on Salesforce from $340.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Northland Capmk upgraded shares of Salesforce from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Bank of America upped their price target on shares of Salesforce from $390.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $378.86. Read Our Latest Analysis on Salesforce About Salesforce ( Get Free Report ) Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale. Featured Articles Receive News & Ratings for Salesforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce and related companies with MarketBeat.com's FREE daily email newsletter .

The Lagos State Governor, Babajide Sanwo-Olu says his administration’s vision is to build a state that is secure, proactive, and technologically empowered to meet modern security challenges. Calling for cooperation from stakeholders in the state’s security ecosystem towards its fulfilment. “I urge concerned government agencies, citizens, and partners to continue working together to transform this vision into reality. Together, we can ensure that Lagos remains a beacon of safety, progress, and innovation,” the Governor said at the 18th Annual Town Hall Meeting on Security handing over 260 security vehicles, 1000 ballistic helmets, 1000 bulletproof vests 1000 ballistic helmets and other security gadgets to the Lagos State Security Trust Fund (LSSTF) at the Lagos House, Ikeja on Thursday. The event had security chiefs in attendance, including the Inspector General of Police, Kayode Egbetokun, captains of industries, and other stakeholders in the state’s security ecosystem. Speaking further, Sanwo-Olu emphasised that his government remains committed to offering support to security agencies in the state to ensure the safety and security of citizens, their properties and businesses. At the event themed: “Data and Technology-Driven Security: The Way Forward”, the Governor said: “As we confront the complexities of securing lives, properties, and investments in our dynamic state, it is clear that traditional methods alone cannot address the evolving nature of these issues and that the challenges of modern urban security require cutting-edge solutions.” He reiterated his administration’s “Steadfast commitment to harnessing the transformative power of data and technology to revolutionize how we protect our communities.” The Governor also restated commitment to collaboration with the private sector to enhance and improve the security architecture as well as provide logistics to ensure the safety of all. He noted that the LSSTF, since its inception 17 years ago, has judiciously kept faith with security agencies by bringing initiatives, training, ensuring infrastructural development and deploying technologies to enhance security. While appreciating the management of the Fund, under the leadership of the Executive Secretary and CEO, Abdulrazaq Balogun and his team for their efforts, Sanwo-Olu lauded donors, both individual and corporate. In particular, Zenith Bank and billionaires Femi Otedola and Tony Elumelu donated N1 billion and N500 million, respectively. He urged citizens, both corporate and individual, to play an active role in creating a safer Lagos. “You can contribute by reporting suspicious activities through our emergency hotlines, participating in community safety programs, and staying informed about safety guidelines so that we can build a safer, more secure, and prosperous future for Lagos.” He said. He also said: “Through strategic partnerships, substantial investments, and the collective determination of our government and the people of Lagos, we have achieved notable milestones in enhancing our security framework. “We have deployed 450 Intelligent Video Surveillance Cameras across critical areas in Lagos, all linked to the Lagos State Command and Control Center. These cameras use intelligent video analytics to detect unusual activities, enabling real-time alerts to security agencies for faster and more precise responses. He also said that the Government had launched a digital identification system incorporating biometric technology and digital ID verification. This initiative enhances security in high-risk zones, including schools, markets, government facilities, and transportation hubs, to reduce fraud and impersonation incidents. “We recognize that not all citizens have equal access to digital technology, so to bridge this digital divide, we will establish accessible registration centres across the state, offering assistance with enrollment and providing alternative identification methods for those who lack access to smartphones or other devices. “We are committed to ensuring that everyone benefits from this improved security infrastructure. “Recognizing the rapid evolution of security technology, we are deepening partnerships with tech companies to incorporate cutting-edge innovations into Lagos’ security ecosystem. Cybersecurity Operations Center: To safeguard citizens’ data and prevent breaches in our interconnected systems, we inaugurated a cybersecurity advisory board to strengthen digital security, drive technological advancement and enhance digital security. “The success of these initiatives depends on sustained support, investments, and collaborative efforts. I extend profound gratitude to the donors of the Lagos State Security Trust Fund (LSSTF), whose contributions have significantly bolstered our security capabilities. Notably, I sincerely acknowledge the outstanding generosity of Zenith Bank Plc and Mr Femi Otedola for their remarkable donations of one billion Naira each, as well as Mr Tony Elumelu for his substantial contribution of Five Hundred Million Naira to the LSSTF this year. In his remarks, IG Kayode Egbetokun lauded the Lagos state government for being proactive in its efforts to safeguard the lives of Lagosians and creating an enabling environment for businesses to thrive. He showered praises on the Sanwo-Olu administration for the conducive environment created for security operatives in the state through the investment in equipment and gadgets.

Nearly a month after a devastating election loss that exposed cracks in the very foundation of their party, Democrats remain deeply divided over the extent of their political problem — or even if they have one. Related video above: On The Record analysts debate Biden's blame for Trump's win A number of Democratic leaders are downplaying the strength of Donald Trump's victory over Vice President Kamala Harris as the inevitable result of an inflation-fueled anti-incumbent backlash that shaped elections worldwide. But others are convinced that the Democratic Party is facing an acute crisis that requires an urgent overhaul of its brand, message and economic policies. Trump swept every battleground state on Nov. 5, becoming the first Republican candidate to win the national popular vote since George W. Bush in 2004. Yet nearly half the country voted against him. With the final votes still being counted in some places, Trump won the popular vote by just 1.6 percentage points. He carried the seven top swing states by about 760,000 votes combined out of more than 151 million cast nationwide. "The glass is half full. It was close. If we get another 2% or 3% of American voters, it would have successfully led to victories from the presidency on down," says Colorado Gov. Jared Polis, who is leading a group called Governors Safeguarding Democracy. But for Ken Martin, chair of the Minnesota Democratic-Labor-Farmer Party and a candidate to lead the Democratic National Committee next year, the election represented "a damning indictment" for the Democratic Party. "People do not believe that the Democratic Party is fighting for them or for their families or gives a damn about their lives," Martin told The Associated Press. "We lost ground with almost every group except wealthy households and college-educated voters." The internal debate over the health of the party comes at a critical moment. Trump will return to the White House on Jan. 20, claiming a mandate to enact a dramatic "Make America Great Again" agenda led by the mass deportation of millions of immigrants in the country illegally; an overhaul of the federal departments of health, education and justice, and major import tariffs that threaten to strain the U.S. economy and international alliances alike. Democrats, even diminished and divided, stand as the only organized resistance to Trump and his emboldened MAGA allies. But for now, at least, the Democratic Party has no leader and no agreement on the political problems that need to be fixed or how to fix them. Many Democratic groups and leaders are working through post-election analyses to better understand what went wrong on Nov. 5, but few are working together. And already, some fear that the disparate post mortems will produce competing recommendations likely to be lost in a rush to leave the pain of 2024 behind. Priorities USA, one of the Democratic Party's leading super PACs, is set to unveil its post-election findings this week. The group will recommend, among other things, that Democrats do a better job listening to voters instead of pollsters, while offering a more forward-looking positive alternative to Trump's MAGA movement. If they do not make significant changes, according to a preview of that briefing, Priorities believes there is no guarantee that key elements of the Democratic base — especially young people and voters of color — will return to the party in future elections. Some of the loudest voices calling for dramatic changes represent the party's far-left wing, which is often ignored by establishment Democrats who control the party's messaging, strategy and policy platform. Vermont Sen. Bernie Sanders irked some party leaders the day after the election with a scathing critique: "It should come as no great surprise that a Democratic Party which has abandoned working class people would find that the working class has abandoned them." "While the Democratic leadership defends the status quo, the American people are angry and want change," Sanders continued. "And they're right." In the weeks since, California Rep. Ro Khanna, a Sanders ally and a potential future presidential contender, has been urging his party to overhaul its economic message. Specifically, he's advocating for a "New Economic Deal" focused on creating high-paying jobs for the middle class. Khanna's chief of staff, Marie Baldassarre, said that some Democrats may be coming around to Khanna's message and his willingness to share it on podcasts and right-leaning outlets such as Fox News. "I don't know how you look at this election and don't take a beat. This is the time to change," Baldassarre said. "Why wouldn't we do some work right now? We didn't resonate." Democratic strategist Waleed Shahid, a former spokesperson for Justice Democrats and the "Uncommitted" group that was critical of Joe Biden's primary nomination said Harris' loss revealed that the party "has a major problem with bleeding working-class, low-information, non-college voters." He notes that some Democratic leaders have responded with a collective shrug. "Many of the people at the highest levels of the party feel pretty lost," Shahid said. "I'm skeptical that they'll be able to create the kind of coalition they need for transformative change over our lifetimes." The national committee's upcoming election to select a new leader serves as a litmus test for the party's direction. The DNC is expected to elect a new chair in February after a series of four candidate forums in January, according to an internal memo released last week. It remains unclear if delegates will embrace a high-profile outsider or an insider more familiar with the intricate workings of the party's political apparatus. Few are calling for wholesale changes. Wisconsin Democratic Party Chair Ben Wikler, who announced his candidacy for DNC chair on Sunday, said Democrats must embrace a new communication strategy to connect with voters who don't pay close attention to politics. He complimented Trump's command of the media landscape and suggested that his own party pay more attention to non-political and right-leaning podcasts and news networks. Related video below: Wisconsin Democratic Chair Ben Wikler launches bid for Democratic National Committee chair Wikler was skeptical, however, that the 2024 election results signal a political crisis for his party. "What we saw was a narrow shift to the right driven the most by the people most affected by inflation, who were paying the least attention to the news," he said. "That does not suggest a permanent shift towards Trump. I think that there's a very real opportunity for Democrats to win background." He added: "I also think that Trump is very likely to more than repeat history and be a disaster."BEAVERTON, Ore.--(BUSINESS WIRE)--Dec 19, 2024-- NIKE, Inc. (NYSE:NKE) today reported fiscal 2025 financial results for its second quarter ended November 30, 2024. "After an energizing 60 days of being back with my NIKE teammates, our clear priority is to return sport to the center of everything we do," said Elliott Hill, President & CEO, NIKE, Inc. "We're taking immediate action to reposition our business, so we can get back to driving long-term shareholder value. Our team is ready to go, and I'm confident you will see more moments of NIKE being NIKE again." "NIKE's second-quarter financial performance largely met our expectations, as we continue to make progress in shifting our portfolio," said Matthew Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. "Under Elliott's leadership, we are accelerating our pace and reigniting brand momentum through sport." Second Quarter Income Statement Review November 30, 2024 Balance Sheet Review Shareholder Returns NIKE continues to have a strong track record of consistently increasing returns to shareholders, including 23 consecutive years of increasing dividend payouts. In the second quarter, the Company returned approximately $1.6 billion to shareholders, including: As of November 30, 2024, a total of 112.8 million shares have been repurchased under the program for a total of approximately $11.3 billion. Conference Call NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on December 19, 2024, to review fiscal second quarter results. The conference call will be broadcast live via the Internet and can be accessed at https://investors.nike.com . For those unable to listen to the live broadcast, an archived version will be available at the same location through approximately 9:00 p.m. PT, January 10, 2025. About NIKE, Inc. NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.nike.com . Individuals can also visit https://news.nike.com and follow @NIKE. Forward-Looking Statements This press release contains forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K. * Non-GAAP financial measure. See additional information in the accompanying Divisional Revenues. NIKE, Inc. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) THREE MONTHS ENDED % SIX MONTHS ENDED % (In millions, except per share data) 11/30/2024 11/30/2023 Change 11/30/2024 11/30/2023 Change Revenues $ 12,354 $ 13,388 -8 % $ 23,943 $ 26,327 -9 % Cost of sales 6,965 7,417 -6 % 13,297 14,636 -9 % Gross profit 5,389 5,971 -10 % 10,646 11,691 -9 % Gross margin 43.6 % 44.6 % 44.5 % 44.4 % Demand creation expense 1,122 1,114 1 % 2,348 2,183 8 % Operating overhead expense 2,883 3,032 -5 % 5,705 6,079 -6 % Total selling and administrative expense 4,005 4,146 -3 % 8,053 8,262 -3 % % of revenues 32.4 % 31.0 % 33.6 % 31.4 % Interest expense (income), net (24 ) (22 ) — (67 ) (56 ) — Other (income) expense, net (8 ) (75 ) — (63 ) (85 ) — Income before income taxes 1,416 1,922 -26 % 2,723 3,570 -24 % Income tax expense 253 344 -26 % 509 542 -6 % Effective tax rate 17.9 % 17.9 % 18.7 % 15.2 % NET INCOME $ 1,163 $ 1,578 -26 % $ 2,214 $ 3,028 -27 % Earnings per common share: Basic $ 0.78 $ 1.04 -25 % $ 1.48 $ 1.99 -26 % Diluted $ 0.78 $ 1.03 -24 % $ 1.48 $ 1.97 -25 % Weighted average common shares outstanding: Basic 1,486.8 1,520.8 1,492.3 1,524.6 Diluted 1,490.0 1,532.1 1,495.9 1,537.7 Dividends declared per common share $ 0.400 $ 0.370 $ 0.770 $ 0.710 NIKE, Inc. CONSOLIDATED BALANCE SHEETS (Unaudited) November 30, November 30, % Change (Dollars in millions) 2024 2023 ASSETS Current assets: Cash and equivalents $ 7,979 $ 7,919 1 % Short-term investments 1,782 2,008 -11 % Accounts receivable, net 5,302 4,782 11 % Inventories 7,981 7,979 0 % Prepaid expenses and other current assets 1,936 1,943 0 % Total current assets 24,980 24,631 1 % Property, plant and equipment, net 4,857 5,153 -6 % Operating lease right-of-use assets, net 2,736 2,943 -7 % Identifiable intangible assets, net 259 269 -4 % Goodwill 240 281 -15 % Deferred income taxes and other assets 4,887 3,926 24 % TOTAL ASSETS $ 37,959 $ 37,203 2 % LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Current portion of long-term debt $ 1,000 $ — 100 % Notes payable 49 6 717 % Accounts payable 3,255 2,709 20 % Current portion of operating lease liabilities 481 456 5 % Accrued liabilities 5,694 5,470 4 % Income taxes payable 767 358 114 % Total current liabilities 11,246 8,999 25 % Long-term debt 7,973 8,930 -11 % Operating lease liabilities 2,562 2,785 -8 % Deferred income taxes and other liabilities 2,141 2,343 -9 % Redeemable preferred stock — — — Shareholders’ equity 14,037 14,146 -1 % TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 37,959 $ 37,203 2 % NIKE, Inc. DIVISIONAL REVENUES (Unaudited) % Change Excluding Currency Changes 1 % Change Excluding Currency Changes 1 THREE MONTHS ENDED SIX MONTHS ENDED (Dollars in millions) 11/30/2024 11/30/2023 % Change 11/30/2024 11/30/2023 % Change North America Footwear $ 3,236 $ 3,757 -14 % -14 % $ 6,448 $ 7,490 -14 % -14 % Apparel 1,693 1,668 1 % 1 % 3,024 3,147 -4 % -4 % Equipment 250 200 25 % 25 % 533 411 30 % 30 % Total 5,179 5,625 -8 % -8 % 10,005 11,048 -9 % -9 % Europe, Middle East & Africa Footwear 1,982 2,186 -9 % -12 % 3,934 4,446 -12 % -12 % Apparel 1,136 1,200 -5 % -8 % 2,129 2,337 -9 % -10 % Equipment 185 181 2 % -1 % 383 394 -3 % -4 % Total 3,303 3,567 -7 % -10 % 6,446 7,177 -10 % -11 % Greater China Footwear 1,203 1,361 -12 % -14 % 2,449 2,648 -8 % -8 % Apparel 472 469 1 % -3 % 832 870 -4 % -6 % Equipment 36 33 9 % 9 % 96 80 20 % 21 % Total 1,711 1,863 -8 % -11 % 3,377 3,598 -6 % -7 % Asia Pacific & Latin America Footwear 1,234 1,303 -5 % -4 % 2,286 2,444 -6 % -3 % Apparel 437 437 0 % 0 % 785 808 -3 % -1 % Equipment 73 65 12 % 10 % 135 125 8 % 10 % Total 1,744 1,805 -3 % -2 % 3,206 3,377 -5 % -2 % Global Brand Divisions 2 13 12 8 % -2 % 27 25 8 % 9 % TOTAL NIKE BRAND 11,950 12,872 -7 % -8 % 23,061 25,225 -9 % -9 % Converse 429 519 -17 % -18 % 930 1,107 -16 % -16 % Corporate 3 (25 ) (3 ) — — (48 ) (5 ) — — TOTAL NIKE, INC. REVENUES $ 12,354 $ 13,388 -8 % -9 % $ 23,943 $ 26,327 -9 % -9 % TOTAL NIKE BRAND Footwear $ 7,655 $ 8,607 -11 % -12 % $ 15,117 $ 17,028 -11 % -11 % Apparel 3,738 3,774 -1 % -2 % 6,770 7,162 -5 % -6 % Equipment 544 479 14 % 12 % 1,147 1,010 14 % 13 % Global Brand Divisions 2 13 12 8 % -2 % 27 25 8 % 9 % TOTAL NIKE BRAND REVENUES $ 11,950 $ 12,872 -7 % -8 % $ 23,061 $ 25,225 -9 % -9 % 1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 Corporate revenues primarily consist of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse, but managed through the Company's central foreign exchange risk management program. NIKE, Inc. EARNINGS BEFORE INTEREST AND TAXES 1 (Unaudited) THREE MONTHS ENDED % SIX MONTHS ENDED % (Dollars in millions) 11/30/2024 11/30/2023 Change 11/30/2024 11/30/2023 Change North America $ 1,371 $ 1,526 -10 % $ 2,587 $ 2,960 -13 % Europe, Middle East & Africa 831 927 -10 % 1,623 1,857 -13 % Greater China 375 514 -27 % 877 1,039 -16 % Asia Pacific & Latin America 460 521 -12 % 862 935 -8 % Global Brand Divisions 2 (1,133 ) (1,168 ) 3 % (2,360 ) (2,373 ) 1 % TOTAL NIKE BRAND 1 1,904 2,320 -18 % 3,589 4,418 -19 % Converse 53 115 -54 % 174 282 -38 % Corporate 3 (565 ) (535 ) -6 % (1,107 ) (1,186 ) 7 % TOTAL NIKE, INC. EARNINGS BEFORE INTEREST AND TAXES 1 1,392 1,900 -27 % 2,656 3,514 -24 % EBIT margin 1 11.3 % 14.2 % 11.1 % 13.3 % Interest expense (income), net (24 ) (22 ) — (67 ) (56 ) — TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES $ 1,416 $ 1,922 -26 % $ 2,723 $ 3,570 -24 % 1 The Company evaluates the performance of individual operating segments based on earnings before interest and taxes (commonly referred to as "EBIT"), which represents Net income before Interest expense (income), net and Income tax expense. Total NIKE Brand EBIT, Total NIKE, Inc. EBIT and EBIT margin are considered non-GAAP financial measures. Management uses these non-GAAP financial measures when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes these non-GAAP financial measures provide investors with additional financial information that should be considered when assessing the Company’s underlying business performance and trends. EBIT margin is calculated as total NIKE, Inc. EBIT divided by total NIKE, Inc. Revenues. References to EBIT and EBIT margin should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions primarily represent demand creation and operating overhead expense, including product creation and design expenses that are centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company’s corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses. View source version on businesswire.com : https://www.businesswire.com/news/home/20241219682756/en/ CONTACT: Investor Contact: Paul Trussell investor.relations@nike.comMedia Contact: Virginia Rustique-Petteni media.relations@nike.com KEYWORD: OREGON UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FASHION FOOTWEAR RETAIL SPORTS DEPARTMENT STORES GENERAL SPORTS SOURCE: NIKE, Inc. Copyright Business Wire 2024. PUB: 12/19/2024 04:15 PM/DISC: 12/19/2024 04:15 PM http://www.businesswire.com/news/home/20241219682756/en