Yakavambwa muna 1993 nehama Tom naDavid Gardner, Iyo Motley Fool inobatsira mamirioni avanhu kuwana rusununguko rwemari kuburikidza newebhusaiti yedu, mapodcasts, mabhuku, makolamu emapepanhau, nhepfenyuro yeredhiyo, uye masevhisi ekudyara ekutanga.
Ndatenda nekujoinha Packaging Corporation yeAmerica's Third Quarter 2019 Earnings Results Conference Call.Wako anotambira nhasi achava Mark Kowlzan, Sachigaro uye Chief Executive Officer wePCA.Pakupera kwerondedzero yake, pachave nechikamu cheQ&A.
Mangwanani, uye ndinokutendai nekutora chikamu muPackaging Corporation yeAmerica yechitatu-kota 2019 muhoro wekuburitsa musangano wekufona.Ndini Mark Kowlzan, Sachigaro uye CEO wePCA;uye neni, parunhare nhasi ndiTom Hassfurther, Mutevedzeri weMutungamiriri Mukuru, anomhanyisa bhizinesi rekurongedza;naBob Mundy, Mukuru wedu Wezvemari.Ndichatanga kufona netarisiro yemhedzisiro yedu yechitatu-kota uyezve ndichaisa runhare kuna Tom naBob, avo vanozopa rumwe ruzivo, mushure mezvo ndichapeta zvinhu uye isu tichafara tora chero mibvunzo.
Nezuro, takashuma mari yechitatu-kota yemadhora zana nemakumi masere emamiriyoni kana $1.89 pachikamu, iyo yaisanganisira madhora 0.02 pachikamu chemutengo wezvinhu zvakakosha.Kunze kwezvinhu zvakakosha, yechitatu-kota 2019 mambure emari yaive $182 miriyoni kana $1.92 per share zvichienzaniswa nechikamu chechitatu che2018 mambure emari yemadhora mazana maviri nemakumi maviri nenomwe kana $2.23 pachikamu.
Thrid quarter net yekutengesa yaive $ 1.8 bhiriyoni muna 2019 na2018. Yese kambani EBITDA yekota yechitatu, kusasanganisa zvinhu zvakakosha yaive $364 miriyoni muna 2019 uye $406 miriyoni muna 2018. Kunze kwezvinhu zvakakosha, yechitatu-kota 2019 mihoro pachikamu chemadhora zviuru zana nemakumi matatu nemadhora kugovera pazasi pekota yechitatu ye2018, inotungamirwa nemitengo yakaderera musanganiswa we $ 0.36 uye vhoriyamu $0.03 muchikamu chekurongedza uye yakaderera vhoriyamu muchikamu chedu chepepa che $0.03.Musanganiswa wakapfuma mumabhokisi edu emiti pamwe nekubhadhara kwakakwirira kwevashandi nekugadzirisa zvakabatsira kumari yekuchinjisa yakakwira yemadhora 0.06 uye isu taive nepamusoro pekushandisa uye mimwe mitengo yemadhora 0.03.Zvinhu izvi zvakadzikiswa zvishoma nemitengo yakakwira musanganiswa muchikamu chedu chePepa chemadhora 0.09, mari yakaderera yepagore yekubuda yemadhora 0.09 uye mari yekutakura nekutakura zvinhu $0.02.
Tichitarisa bhizinesi rekurongedza, EBITDA isingasanganisire zvinhu zvakakosha muchikamu chechitatu che2019 chemadhora mazana matatu nemakumi maviri nemashanu nekutengesa kwemadhora bhiriyoni mazana mashanu zvakakonzera muganho we22% kupesana neEBITDA yegore rapfuura yemadhora mazana matatu nemakumi matatu nemasere uye kutengesa kwemadhora mazana mashanu nemakumi mashanu emadhora kana makumi maviri neshanu muzana.Zvigayo zvedu zvebhokisi zvakashanda nenzira inoshanda uye inodhura, isu tichienderera mberi nekuenzanisa zvinhu zvedu nezvinodiwa zvepamusha uye zvekunze kunze uku tichikwenenzvera bhodhi redu rekutsika kudzikisa mutengo wekutakura uye zvinhu mukati mehurongwa.
Isu takapedza kota nekuverenga 51,000 matani pazasi gore rapfuura uye 30,000 matani pazasi pekota yapfuura.Pamusoro pezvo, isu takachengetedza indasitiri yedu-inotungamira yekubatanidza mwero nekupa mabhokisi edu zvidyarwa nebhokisi rinodiwa rebhokisi kuti timise marekodhi matsva ekutumira.
Ini zvino ndichazvipa kuna Tom, uyo anozopa mamwe mashoko pamusoro pekutengesa bhokisi rebhokisi uye bhizinesi redu remarara.
Ndatenda, Mark.Sezvakataurwa naMako, zvidyarwa zvedu zvemakorata zvakagadzira marekodhi matsva ekutakura mabhokisi ekota pazuva pamwe nekutakura kwechikamu chetatu, ese ari maviri akakwira 1.9% zvichienzaniswa nekota yechitatu yegore rapfuura.Pasinei nekurasikirwa kwakakosha kwebhizinesi kwatakaita paSacramento mudziyo nekuda kwekutenga kwevatengi vemashizha maviri makuru nemumwe akabatanidzwa.
Kunze kwekutengesa vhoriyamu yebhokisi remidziyo yaive ingangoita zviuru makumi maviri nezvitatu zvematani pazasi pegore rapfuura rechitatu, apo isu takamhanyisa system yedu yemidziyo kune yazvino kudiwa kwepamba uye kunze kwenyika uye kupa izvo zvakawedzerwa zvinodiwa zvezvidyarwa zvedu zvebhokisi.Domestic containerboard and corrugated products prices and mix together were $0.23 per share below the third quarter of 2018 and down the third quarter of 2018 and down $0.20 per share kana ichienzaniswa neyechipiri kota ya2019. Sezvatakambotaura kare, ruzhinji rwekukanganisa kubva pamutengo wendekisi wakaburitswa unodzikira kutanga. mugore raizoonekwa mune yedu 3rd quarter results.Mitengo yemidziyo yekunze yakadzikira madhora 0.13 pachikamu chimwe chete kana ichienzaniswa nekota yetatu 2018 uye yakadzika madhora 0.04 pachikamu chimwe chete kana ichienzaniswa nekota yechipiri ya2019.
Ndatenda, Tom.Tichitarisa chikamu chePepa, EBITDA isingasanganisire zvinhu zvakakosha muchikamu che3 yaive madhora mazana mashanu nesere nekutengesa kwemadhora mazana maviri nemakumi mana nematatu emamiriyoni kana makumi maviri nemana muzana.Izvi zvakaenzaniswa neyechitatu kota 2018 EBITDA yemadhora makumi mana nemana emamiriyoni uye kutengesa kwemadhora mazana maviri nemakumi mashanu emamiriyoni kana gumi nemanomwe muzana.
Yedu mwaka kusimba mukombe kukura uye kudhinda uye kushandura mavhoriyamu akanga akakwirira kupfuura yechipiri kota mwero uyewo zvishoma pamusoro pechitatu kota 2018. Avhareji mutengo uye musanganiswa pamavhoriyamu edu mapepa panguva kota akanga anenge 6% pamusoro gore rapfuura.Nekudaro, mutengo wedu weavhareji uye musanganiswa waive ungangoita 1.5% pazasi pekota yechipiri ye2019, yaive yakaderera yekudzikira pane zvakaratidzwa neyakaburitswa indasitiri index mitengo.
Zviripachena, huwandu hweseji yemapepa uye mari yaive pasi pechikamu chechitatu chegore rapfuura nekuda kwekubuda mubhizinesi remapepa machena paWallula Mill yedu.Isu tinoenderera mberi nekuvandudza purofiti yedu uye miganho muchikamu chepepa muchikamu nekubuda mubhizinesi iri paWallula, pane kuramba tichigovera vanhu uye zviwanikwa mari kwairi.
Ndatenda, Mark.Isu takave nekugadzirwa kwemari kwakanaka kwazvo muchikamu chechitatu nemari yakapihwa nekushanda kwemadhora mazana matatu nemakumi mana nemanomwe emadhora uye yemahara kubuda kwemari kwemadhora mazana maviri nemakumi mana nenomwe.Kunyanya kushandiswa kwemari mukati mekota iyi kwaisanganisira kushandiswa kwemari inosvika madhora makumi mapfumbamwe nematatu emamiriyoni emadhora, magoveri ezviwanikwa anosvika madhora 75 miriyoni, madhora makumi mana nematanhatu emadhora emutero wemubatanidzwa nehurumende, muripo wepenjeni yemadhora makumi mana nemapfumbamwe emamiriyoni emadhora uye muripo wemubereko wemadhora mazana mana.Takapedza chikamu nemadhora mazana manomwe nemakumi matatu nemasere emari paruoko.
Chekupedzisira, mari yedu yakarongwa yegore negore yekugadzirisa yechikamu chechina haina kuchinjwa kubva pagwara redu rekare, iro rinoratidza kukanganisa kwe$0.06 pamugove wega wega uchibva pane wechi3 uchienda kune wechina.Ini zvino ndichachidzosera kuna Mark.
Ndatenda, Bob.Tichitarisa kumberi, sezvatinofamba kubva ku3 kuenda ku4th kota mune yedu Packaging segment, corrugated product shipment nezuva rimwe shoma rekutumira kunofanirwa kudzikira zvishoma.Hurukuro yekutengesa kweContainerboard ichave yakaderera, isu tichiramba tichimhanya tichida uye tichishanda mukuvaka imwe yekutanga gore risati rapera mukugadzirira chikamu chekutanga cha2020 chakarongwa kugadziriswa kwemagetsi pamamill edu matatu makuru, izvo zvinoderedza zvakanyanya kugadzirwa kwedu. kutanga kwegore rinouya.
Isu tinotarisira mitengo yakadzikira zvishoma seyasara -- sezvo kusarudzika kwasara kwemutengo wakadhindwa wemidziyo wemidziyo unodzikira kubva kutanga kwegore rino shanda kuburikidza nehurongwa hwedu uye nemitengo yakaderera kunze kwenyika.Isu tinotarisirawo kusanganiswa kwemwaka kushoma kupfuma muzvigadzirwa zvine marata zvichienzaniswa nekota yechitatu sezvo bhizinesi rekugadzira muPacific Northwest, pamwe nekuratidzira mubhizimusi repamusoro-soro remifananidzo yenguva yezororo rinowanzodonha mukati mekota.
Muchikamu chedu chepepa, mavhoriyamu anotarisirwa kuve akadzikira mwaka pamwe chete nemitengo yakaderera.Nemamiriro ekunze anotonhora anofungidzirwa, mutengo wesimba uchakwira zvishoma uye isu tinotarisira kuti mamwe ekushandisa nekushandura mitengo akwire zvakare.Iyi mitengo yakakwira inosanganisira ingangoita madhora 0.03 pachikamu chakabatana nekutanga kweiyo yedu itsva Richland Washington box plant panguva ino.
Chekupedzisira, sekutaura kwaBob kwakarongwa kugadziriswa kunofanira kunge kwakakwira kupfuura chikamu chechitatu.Tichifunga nezvezvinhu izvi, isu tinotarisira mari yechina yemadhora 1.70 pachikamu.
Kufara kufadza chero mibvunzo.Asi ndinofanira kukuyeuchidza kuti zvimwe zvirevo zvatakataura parunhare zvinoumba zvirevo zvekutarisira kumberi.Izvi zvirevo zvinoenderana nefungidziro yazvino, zvinotarisirwa uye fungidziro dzekambani, uye zvinosanganisira njodzi dzekuzvarwa uye kusava nechokwadi, kusanganisira gwara rehupfumi uye izvo zvinoonekwa senjodzi muChirevo chegore reFomu 10-K pafaira neSEC.Mhedzisiro chaiyo inogona kusiyana kubva kune inoratidzwa mune izvi zvirevo zvinotarisisa.
[Operator Mirayiridzo] Mubvunzo wako wekutanga unobva kumutsara weChip Dillon neVertical Research.
Zvinoita sekunge mutsara waVaDillon ungave -- ungave wakadzimwa.Uye mubvunzo wako unotevera unobva pamutsetse waBrian Maguire naGoldman Sachs.
Ehe.Maka, iwe wakataura zvimwe zvakatenderedza mwaka musanganiswa wakapfuma muchikamu chechina chekutumira -- zviri pachena [Phonetic].Ndichingozvibvunza, kana iwe uchikwanisa kutaura pane zvawaona kusvika parizvino muna Gumiguru pane zvekutakura uye mhando ine hukama neaya mazwi, chero pfungwa dzekutanga pazororo e-commerce mwaka?Iwe unoziva hurukuro yakawanda pamusoro pazvo uye kuti SIOC uye dzimwe shanduko mukushushikana kwemahara kweAmazon kunogona kukanganisa mavhoriyamu echina, chero pfungwa dzekutanga pane izvozvo?
Ehe, Brian.Kuburikidza nemazuva gumi nemashanu, takatanga mu [Phonetic] Gumiguru 2% pamberi pegore rapfuura.Saka tave kutanga zvakanaka muna Gumiguru.Nezve e-commerce, ndinofunga e-commerce ichave yakasimba 4th quarter.Zvekare sezvambotaurwa, wave kuenzanisa e-commerce yakazara ne-e-commerce yenguva yakapfuura uye ndizvo, haisati iri musika wakakura zvachose, asi zvechokwadi wakakura nekufamba kwemakore.
Saka isu tinotarisira kukwidziridzwa asi kwete, kwete kusvika padanho rayaive ichiri mudiki uye yaikura nembiri-madhijiti.Ini ndinofunga kushushikana mahara uye SIOC iri kuita shoma pane ino nguva nenguva.Ini ndinofunga zvichave zvakanyanya kutanga gore rinouya isu tichiramba tichigadzira iyo yeAmazon chaizvo.Uye sezvandambotaura, ndinofunga kuti inotamba kusimba rePCA zvakanyanya kunyanya chidimbu cheSIOC, painodiwa zvakanyanya kuita;dhizaini yakavakirwa, yekufambisa yakavakirwa, avo vanotamba zvakanyanya musimba redu.
Zvakanaka, zvakanaka.Imwe chete yekupedzisira kwandiri.Ini ndinofunga iwe wanga watobvunzwa zvishoma nezve izvi pane yekupedzisira kufona, ndezveiyo nyowani yekudzokorodza index, iyo ikozvino sezvairi kupepetwa.Pane pfungwa dzekuti vatengi vangaite sei nazvo?Ndichitarisa kuti pamwe kutengeserana kusvika kune yakaderera mhando yakadzokororwa bhodhi kana pamwe nekuda kwezvikonzero zvekuchengetedza kwezvakatipoteredza, pamwe kuve nesarudzo yekudzokororwa kurongedza kungoratidza kuti ipepa rinodzokororwa, ndinoziva musanganiswa wako wevatengi wakasiyana zvishoma pane musika wakajairika, saka pamwe zvishoma kusadzivirirwa pazviri, asi kungofunga zvakazara senge maitiro api, kana paine, unofunga kuti iyi index nyowani inogona kuve nayo?
Zvakanaka Brian uyu, uyu ndiTom zvakare.Indekisi yacho haina zvayakamboita patiri.Sezvambotaurwa, chinhu chakasiyana kwazvo chigadzirwa, hachisi kuita kwakavakirwa.Izvo hazvisi zvakawanda zvezvimwe zvinhu zvatinotengesa kumusika wakavhurika, uye hapana kuwanda kwekuwanikwa.Saka ndinofunga kuti pane zvikonzero zvakawanda nei zvakave nazvo, hazvina kana kukanganisa.
Ehe, mubvunzo wekutanga uri pakugadzirisa zvakare, rinotaridzika sei gore rinouya kota-ne-kota maringe nezvazvinotaridzika gore rino?
Zvakanaka.Zvakanaka.Uye ipapo handizivi kana iwe wakatipa chikamu chechikwereti chekupera kwegore, ndine hurombo, chikamu chechikwereti chekota, icho chinoshanduka zvachose kubva pachikamu chechipiri?
Ehe, isu takanga tadzikira, chikwereti chedu chaive pamusoro pemadhora bhiriyoni 1.7 uye kuwedzera kuri pakati peiyo 1.1, 1.2 nguva.
Zvakanaka, zvinobatsira chaizvo.Uye zvakare pamubvunzo wechitatu wandaive nawo waingova nekukurumidza kana iwe uchigona kutaura zvishoma nezve izvo zvauri kuona mumisika yekunze zvirinani maererano nazvo, zvinoita sekunge takaona rimwe gumbo pasi muna Gumiguru kuEurope. .
Uye iwe unofunga here kuti vamwe vanhu kunze uko vari kusvika padhuze nepavanogona kutora nguva yekudzikira uye pamwe nepamusoro mumisika iyoyo nekuda kwekuti zvinoita sekunge hapana zvakawanda zvekuwana nekuenderera mberi nekupa iwo misika?
Chip, uyu ndiTom, ini ndichatora iwo mubvunzo maererano nemisika yekutengesa kunze.Ehe, takaona kumwe kuderera kwemutengo pano nguva pfupi yadarika.Asi ini ndinofunga kuti tave kusvika kana kuswedera pazasi, tichipihwa, tichipihwa mabatiro, ndinofunga kumusika pane ino yekupedzisira.Saka ndinofunga yako--ndinofunga kuti thesis yako iri padyo.
Thanks zvikuru.Mhoroi mose.Mangwanani akanaka.Ini ndaingoda kuti pamwe ndisvike pakuita kwebepa, izvo zvaive nani pane zvataitsvaga.Maka, unogona here kutsanangura zvimwe izvo Wallula asiri muzvaireva [Phonetic] maererano nebhiriji remihoro uye chero zvimwe zvinhu, kana zvisiri kudhora, ingochengeta mabhaketi maererano nekuita kwegore negore muchikamu chepepa. .
Zvakanaka, zvakare, zvakawanda zvine chekuita nekuita kwese kwese kushanda uyezve patinenge tiri mumusika nebhizinesi iroro.Sezvandambotaura, takashanda nesimba mumakore matanhatu apfuura kuti tibvise mari mubhizinesi iroro.Uye zvino, kubuda Wallula kunyanya mukubuda kwegore-pamusoro-gore kudonha kwakabatsira zvakare nemutengo wese chimiro mubhizinesi uye zvakare isu tiri kungofadzwa zvakanyanya nekwaiitwa kutengesa.
Uye usakanganwe, takataura nezve izvi mumakore apfuura kuti imwe yemasutu akasimba mubhizinesi iroro inhaka yeBoise logistics kugona mune kukosha kwechipo uye kuti logistic kugona kunounza kune equation.Saka zvakare hapana chakasiyana, icho chinofadza kwazvo nebhizinesi uye mavhoriyamu ave munzvimbo yakanaka kwatiri.
Zvakanaka.Makorokoto nekuita ikoko.Uye, uye kurongedza ini ndinongoda kusvika pakubatanidzwa kwakatwasuka.Nekuverenga kwedu, kusanganisa kwakamira pamwe kwakakwidza mazana akati wandei, mazana matatu [Phonetic] mapoinzi mukota, unokwanisa kupa mhinduro kune izvo, unogona here kutaura kuti kusanganisa kwakamira ndekwako izvozvi uye kana uchida kusapa. muzana.Uri kure zvakadii mumapoints kubva kwaungade kuve zvakanyanya?
Rega ndipindure seizvi.Parizvino tiri mune yakaderera '90s sezvatanga tichitaura gore rino.Tiri kugadzirira kutanga iyo itsva Richland box plant.Sezvo izvo zvinokwira pakona gore rinouya, isu tinotarisira zvizere kuona kana musika ukamira sezvatiri kutarisa pasirese, tinenge tichitanga kusvika pakati pe'90s kwataive makore mashoma apfuura segore. inoitika gore rinouya.Ndizvo, ndizvo -- ini handidi kupa chero manhamba chaiwo, asi ndiwo maitiro atiri kutarisa zvinhu.
Zvakanaka, ndinokutendai Mark uyo.Yekupedzisira kubva kwandiri uye ini ndichaishandura.Iwe unoziva sezvaunotarisa 2019, zviri pachena kuti harina kuzara gore pamwe sezvanga zvave 2018 zvishoma kuburikidza nehafu yekutanga, asi iwe unoziva mumakore kuti pamwe haana kusimba zvakanyanya kubva pakuda maonero, kune zvimwe. zvinhu izvo kambani yakaita sePKG yaizoita kuti ivandudze iyo mihoro mbiri uye makore ari mberi zviri pachena kuti Richland ndechimwe chezvinhu zvauri kuita, ndeapi mamwe matanho akakosha aunawo izvozvi kuvandudza mashandiro ebhizinesi, izvo zvinoramba zvakanaka zvimwe - munzvimbo yakasimba uye chii chauri kuita kunyanya padivi rekushandura kusvika padanho raunokwanisa kutaura zvine chekuita nekuenderera mberi kwekukura kwe e-commerce maererano nechiteshi.Uri kuitei panyaya yekudhinda kana kutendeutsa kusvika pakukwanisa kutaura ikoko.Ndatenda, vakomana, rombo rakanaka mukota.
Ehe, ndichazvitanga izvo uye ndorega Tom apedza.Pakati pese, tiri kuenderera mberi nekutarisa mikana yekutora mutengo, takataura pakutanga gore rino kuti nemapurojekiti makuru akapedzwa kuDeRidder neWallula pashanduko, takatora huinjiniya nehunyanzvi zviwanikwa uye tiri kuendesa. ivo pakambani yese zvino mumabasa ekushandura corrugating uye zviri kutibvumirawo kuona nekuona mimwe mikana mitsva yatinokwanisa kufambira mberi nayo.
Pamusoro pezvo, tiri kuhaya mainjiniya matsva pagore.Tave kutanga kuisa mainjiniya mune aya mabhokisi ekudyara mashandiro, asi zvakazara, isu ticharamba tichityaira mutengo uye mikana yehuwandu mudivi iro rebhizinesi neiyo, nekuedza kwatinako.Tom, unoda kuwedzera kune izvozvo?
Hongu, George.Ini ndinongowedzera kuti, sezvaunonyatsoziva, isu tinotora, isu tinotora nzira yenguva refu kune bhizinesi redu uye isu, tinoita mabhindauko panguva pazvinogona kuitika, panogona kuve nekunonoka nguva.Iyi ndiyo imwe yadzo uko kudiwa kwanga kusati kwave kwakasimba zvakanyanya.Zvanga zvakanaka, asi kwete, asi zvisina kusimba uye tiri kuita imwe yakakosha mari yekudyara.
Tiri kuita zvimwe zvinhu zvinozotipa chinzvimbo kwenguva refu.Uye ndizvo, inguva yakanaka yekuita izvozvo nekuti sezvo bhizinesi richikwira kumusoro, sekudiwa kunowedzera kana isu tichipfuura nepakati penguva yekukura kwepamusoro, isu tinokwanisa kutora izvo.
Saka iwe unoziva muchina weW3 [Phonetic] muenzaniso wakanaka weiyo patakavaka imwe nzira yekumhanya maererano nematani, uye tiri kuita chimwe chinhu chimwe chete mubhokisi rezvirimwa.
Maka, kuti ungotanga, wanga uchitaura zvakanyanya munguva pfupi yapfuura nezvekumhanya kunoda.Uye ndakashamisika kana iwe uchingogona kugovera mifungo mishoma pane izvo zvakanyanya mashandiro anga ari ekudzoreredza kumashure kugadzirwa uye kumhanya kunodiwa.Ndezvipi zvinhu zvakakosha zviripo?
Zvekare neiyo, nekugona kuWallula Mill, isu takakwanisa kuenzanisa iyo yese system.Uye pasina kuvhara michina pasi, isu takakwanisa kudzoreredza kumashure uye izvo zvinotipa kugona zvakare kugadzirisa munguva-chaiyo sezvo musika unoraira sezvo zvinodiwa nevatengi zvinoyerera nemukota.Isu takanyanya kusvinura pamashandisiro atinoita musika iwoyo.Asi panguva imwecheteyo, zvakatipa chivimbo chakawanda mumabatiro atinoita zvinyorwa zvedu.Uye kana iwe uchifunga nezve gore-pamusoro-gore hesiti iri pasi pe50,000 matani mukota yechipiri kusvika kune yechitatu kota yekuverenga iri pasi makumi matatu emakumi matatu ematoni iko kugona kushanda chaiko hurongwa hwechigayo sezvakatsanangurwa nechido kunobhadharwa isu uye isu. ikozvino iva nekuvharwa kwenyika yese kwemidziyo yemidziyo uye isu tiri kutora mukana nazvo.
Zvakanaka.Uye ipapo ini ndaingoda kutendeukira kune uku kukura mune recycled containerboard.Zvinoita senge mamwe magiyo matsva uye akati wandei emichina mitsva iri kuita yakakwira chikamu chetsvina yakasanganiswa uye nemarara akasanganiswa ari kune imwe nzvimbo padyo ne zero izvozvi ndiyo mukana wemubhadharo kubva, ndakashamisika kana iwe kana Tom munogona kutaura zvishoma. zvishoma nezve inoisa uye inotora iyo uchishandisa mudziyo wemidziyo yekugadzira ine yakawanda yakasanganiswa tsvina yaizosanganisira.Chii chakanakira uye chii chisingagoni kuishandisa?
Zvakanaka zvakare, tsvina yakasanganiswa kazhinji kutaura, iyo fiber mhando kubva pasimba rekuona haisi pese padyo nezvaungatarisira ne kraft kana OCC kana VOK.Zvakare, iyo nhanho yetsvina yakanyanyisa kuipa sechinyakare kunze kwekunge iwe uri kurongerwa hofisi bepa, asi zvakare maitiro ese ekuita akadzikira zvakanyanya pane echinyakare containerboard fiber furnishes [Phonetic].Uye saka hazvisi kuti haugone kushandisa zvimwe zve izvo, asi zviri mune mashoma maapplication uye zvakare, isu hatishandise yakasanganiswa tsvina.
Zvakanaka.Kungodzokera kumhando yemubvunzo waBrian.Iko, kubatanidza zvimwe zvakadzokororwa zvakare mubhokisi musanganiswa, ndicho chinhu chingave chinonakidza kwauri pane inotevera, toti, makore matatu kusvika mashanu?
Sezvineiwo chimwe chezvirongwa zvatakanga tichangobva kubvumidza padanho reBoard muna Nyamavhuvhu nderekuti gwenya idzva reOCC richavakwa paWallula Mill kutanga gore rinouya, uye tinotarisira kuti richange rave naro pamhepo pakupera kwegore.Ichuru che toni pazuva OCC chirongwa chinozopa chirimwa, ese anodiwa akadzokororwa faibha uye isu tichava --sezvo takamboshandisa izwi iri nguva zhinji iyo yekupedzisira fiber flexibility kuWallula, uko faibha inodhura zvakanyanya maererano. yegadziriro yechigayo.Saka isu tichatora mukana wekuwanikwa kweOCC uye totora mukana payo pamakina.Uye saka, Tom, unoda kuwedzera kune izvozvo?[Matauriro anopindirana]
Zvakanaka, ndichangopindura chikamu chekupedzisira chemubvunzo wako ipapo, Mark.Uye izvo kune vatengi vedu vachikumbira 100% kudzokororwa.Apo neapo vanozviita asi kana vangowana dzidzo vonzwisisa kuti kuti tifambise iyi yakavharwa loop system yatinayo, inofanira kutanga nemhandara.Munhu wose anonzwisisa izvozvo, munhu wose anozviziva.Saka ini ndinofunga kuti ivo vanonyanya kufunga nezvekuita kwakavakirwa uye izvo zvavanovaitira, uye kuti bhokisi rinovaitira sei uye rinounza nemutengo unoshanda.Kupfuura kutaura, ndinofanira kuva ne100% OCC.Ivo vanonzwisisa [Indecipherable] mutengi akataura kuti isu hatizove, isu hatichave nehurongwa hwekuvhara loop nayo.Zvinhu izvozvo zvinokurumidza kupera nekufamba kwenguva.Saka ndizvozvo, ndipo patiri uye ndosaka ndichifunga kuti nhaurirano iyi yakadzokororwazve linerboard yakambonyarara zvine chekuita nePCA.
Zvishoma zvishoma, pane zvishoma pane chirongwa ichocho, tiri kutarisa kuti zvakare mukana wekudzikisa mutengo.Uye mugove munharaunda iyoyo yose kana ukaenda kumhenderekedzo yegungwa uye zasi kuIntermountain nharaunda, takaona kwatinobva.Uye saka zvakare, isu tinotarisira kuve neiyo purojekiti pamhepo nechikamu chekupedzisira chegore rinouya.
Ndatenda.Maka, iwe wataura kuti Wallula ine yakasarudzika yakafararira siyana yekusanganiswa pasina kuve nekurova kwakanaka kwatinowanzo kuona.Iko kusanganiswa kwebhizinesi kusvika parizvino kwakaramba kuri mukati mezvawaitarisira kunyangwe musika wava kupfava uye Richland ichachinja musanganiswa mukuru wauri kugadzira ipapo?
Kwete, zvakafamba zvakanaka.Sezvatakanga taronga makore maviri apfuura kuti Wallula Mill kuti ibudirire yaifanira kuburitsa huremu hwepamusoro hwemagiredhi ekuita, kusvika kune yakareruka huremu hwemagiredhi ekuita.Uye tanga tichidaro gore rose.Uye saka isu zviri pachena tanga tisiri kumhanyisa chigayo kusvika pakuzara kwayo asi kana Richland ikauya, tichakwanisa kutora mukana wakazara weiyo yasara huwandu.Uye isu tinofara zvikuru nemhando yacho.Isu tinofara zvikuru nekushanduka kwemuchina maererano neheavyweight high performance kusvika kune lightweight high performance.Saka zvinotipa kushanduka kwekupedzisira kupa Pacific Northwest neWest Coast nebhodhi rese, ratinoda.
Zvikuru izvo.Uye mubvunzo mumwe chete, iwe wataura nezve kukosha kwekukosha kwevako kunze kwenyika.Asi iyo yakakosha kukosha kwemisika yekunze yakachinja sezvo system yako yakakura uye nekusiyana?
Zvakanaka zvakare, ramba uchifunga kuti pamwe makore makumi matatu nekuwedzera, makumi mana nekuwedzera gore, takava nebhizimusi revatengi renhaka pasi rose kusvika 36, 38 nyika dzakasiyana.Tom, heino iwe unoda kuwedzera kune izvo?
Hongu, ndinongoti, Mako, kuti inoramba iine hunyanzvi kubva pakuona kweaya marefu, vatengi venguva refu vave nesu kwenguva yakareba, mamakisi akanaka kwazvo.Nguva yemwaka inokwana chaizvo.Pane zvinhu zvakawanda zvinopinda muequation, asi zvichiri kurongeka.
Maka, iwe wakataura nezve zvimwe zvirongwa zvekubuda kwegore rinouya.Saka ndichatora izvozvo semagumo.Unogona here kuverengera chero rudzi rweakarasika matani ekugadzira akaitika pano muna 2019 uye pamwe ndinofungidzira [Indecipherable] siyanisa kuti kune zvauri kutarisira 2020 uye chaizvo chimiro chemubvunzo chiri muna 2018, zvaiita sekunge indasitiri yazara. tilt, kupinda '19 zvinhu zvakadzoserwa kumashure zvishoma.Uye fungidziro yangu yaive yekuti imi vakomana matora imwe nguva yakawedzerwa kuita mamwe mapurojekiti ekugadzirisa akatenderedza chigayo, zvekuti 2020 munogona kumhanya zvishoma zvishoma.Asi zvinoita sekunge kubva pakutaura kwako kuti imi varume mune yakanaka inorema kugadzirisa yakarongwa zvakare muna 2020. Saka kungoedza kunzwisisa izvo.
Ehe, aiwa, hatina kutora nguva yakawandisa gore rino kuti tiite rimwe basa rekuwedzera, takaita zvatakaronga zvegore rega rega.Uye zvakare tichitora mukana wekugona kweWallula, ikozvino tave kukwanisa kupa zvechokwadi zvese zvatinoda mubhokisi rebhokisi rebhizinesi nemagetsi matanhatu.Uye zvechokwadi kumhanya kunodiwa uye ipapo kugona ikoko kwakatibvumira kunyatso fambisa mazinga ezvinyorwa pasi kusvika padanho rakanyanya kugadzikana nekugona ikoko.Izvo zvataurwa, isu ticharamba tichimhanya kunoda.
Ndatenda.Uye zvino ndinofungidzira, kuyedza kunzwisisa nhaurirano yevatengi, zvishoma pano kwete zviri pachena kuedza kuwana chero chinhu chakananga.Asi hurukuro dziri kufamba sei?Uye ndinofungidzira vanhu vedu vachitsvaga zvishoma zvishoma kushanda zvakanaka kubva kune avo vanovapa, ndinoreva kana zvinhu zvatanga kudzikira.Ndinofungidzira, kana zvinhu zvichifamba zvakanaka, pamwe vanhu havadii-in zvakanyanya padivi remutengo.Asi ikozvino zvinhu ndezvekuti pane zvishoma zvishoma zvishoma, inyaya yekukurukurirana pamusoro pemutengo kana kushanda zvakanaka padivi rekushandura?
Isu hatiwanzo kutaura nezve chiitiko chevatengi uye unogona kungofungidzira zvakare chikamu chechirevo chedu - kukosha kwedu chirevo ndechekuti tinopa kukosha kwakakura kune vatengi vedu munzira dzakawanda.
Mangwanani akanaka.Kwemakore akati wandei apfuura, wakaita zvimwe zvinhu kudivi re [Phonetic] naDeRidder naWallula uyezve gore rino, ndinofunga unotarisa zvakanyanya pabhokisi rekudyara divi neRichland neWisconsin pakati pevamwe.Zvingave zvakanaka here kutaura kuti capex inogona kusiya chigaro muna 2020 zvichipihwa basa rese iri rakaiswa mukati memakore mashoma apfuura.
Zvakanaka, zvakare pasina kupindura izvo zvinokupa ongororo iri nani muna Ndira kana tave nekufona kwaNdira, ingo rangarira kuti tichakwanisa kushandisa mikana sezvatinoona zvakakodzera.Uye saka, ini ndoda kuzvipindura nenzira iyo chero mikana yatinoona semikana yechokwadi, isu tine kugona, tine mari paruoko, tine zviwanikwa zvekuita.Uye saka isu tiri munzvimbo yakanaka mune izvo.
Zvakanaka, zvakanaka.Ini ndinofungidzira ndichiuya pazviri kubva kune imwe kona, wanga uchishandisa yako yemukati tekinoroji sangano kuvandudza bhokisi rako rekudyara system kwezvikamu zvishoma zvino [zvisinga nzwisisike] wakazvitarisa, ndeipi inning yaungati maitiro mukati. Tiri ichiri mukutanga kana yechipiri inning, kana kuti Richland uye mamwe mapurojekiti muWisconsin ndiyo yakanaka chunk yezvaunotarisira?
Zvinoreva kuti isu tine yakakura, yakakura mukana wekufamba mumakore anotevera kuti tirambe tichivaka parutivi rwemukana wedu uye sezvatakaita muzvigayo zvedu makore makumi maviri nemashanu apfuura.
Kunzwisisa, kunzwisiswa.Izvo zvinobatsira chaizvo uyezve kungochinja magiya nekukurumidza.Ndinoziva kuti uchangobva kuzivisa iyo itsva OCC chirimwa kuWallula munhoroondo ndinofunga yako yakadzokororwa fiber musanganiswa yanga iri kumwe kunenge 15% kusvika 20%.Sekuona kwako, pane here muganho wekwaunokwanisa kuenda, uchiri kuchengetedza mashandiro anotarisirwa nevatengi vako kubva kwauri kana kuti iwe unofunga sei nezvazvo?
Isu hatina hurongwa hwazvino hwekufambisa zvakanyanya mukati meguyo yedu yenhaka system.Asi isu tine shanduko yekukwira nekudzika pane chero yakapihwa bhokisi remill, asi zvakare pane miganhu sezvatakadaidzira pamusoro pegore.Saka zvakare kunze kwepurojekiti yeWallula, zvigayo zvenhaka zvasara zvicharamba zviri mumutsara iwoyo wavakave maererano nekushandiswa kweOCC, kushandiswa kweVOK.
Ndatenda.Chekutanga padivi rekuda kwebhokisi, wanga wasvika padyo ne2% mukota ichangopera iwe yawakurudzira, ndiwo mafambiro ari kuita Gumiguru.Ini ndinofunga kuti kare iwe wakaratidzawo kuti iyo Sacramento ine chekuita nekurasikirwa kwebhizinesi yaive ye1.5% yekudhonza.Saka zvakanaka here kutaura kuti uri munharaunda yaungatarisira kana iwe uchinge uchinge wapeta bhizinesi reSacramento, uchikura pachiyero chemhando ye3.5%, ndiyo nzira yakanaka yekuitarisa?
Zvakanaka, regai nditange uye ipapo Tom anokupa imwe ruvara.Zviripachena ini handisi kuzofungidzira kuti vhoriyamu ichaita gore rinouya, kunzwisisa isu tiri, tiri munzvimbo iri nani.Uye zvakare, iwe wakataura izwi rakakosha ratakabata senguva yaZvita, tichange tichiuya pagore iro iro bhizinesi rabuda.Uye saka, kusvika gore rinouya, rakasiyana - rakasiyana metric, asi zvakare zvese zvinoenderana nekuti chinodikanwa chinotaridzika sei uye saka handikwanise kufungidzira pane izvozvo.
Uye ipapo Bob, kana wave - wataura kuti uchangobva kutaura chimwe chinhu nezve kuvandudza kuAmazon kana zvine chekuita nehurukuro yeSIOC uye ini ndanga ndichangobva - yaive iyo Packaging Corp chaiyo kutaura, yaive iyo indasitiri yekutaura, uye kana iri Packaging Corp zvakanangana nemhinduro.Unogona here kupa rumwe ruvara pane zvataifanira kutora kubva pane izvo - izvo zvataurwa?
Maka, zvandaida, zvandaizotaura ndezvekuti, isu tiri pachikwata cheAmazon kubatsira kusimudzira SIOC uye kubatsira kushanda pane izvo uye kubatsira kutsanangura kuti chii uye kubatsira kuzadzisa zvinangwa izvo Amazon ine. .Saka isu tiri kubatanidzwa neAmazon uye nevatengi vedu vakananga pamwe nemamwe tarisiro mukugadzira iyo SIOC chirongwa.
Saka, ndiri kuita chirevo maererano nePCA uye zviri pachena kuti iyi - iyi idanho reindasitiri zvakare.
Zvakanaka, zvakanaka.Uyezve kwegore rino, mari yekushandisa kumwedzi 9 yekutanga, iri kufamba ingangoita mazana maviri nemakumi matanhatu, ndinofungidzira kwandiri senge uri kuenda ku [Phonetic] kushandisa mari yakawanda muchikamu chechina, ungangove ichauya yakareruka kupfuura zvandaifungira.Chero update pane yako capex ye2019 ingangobuda pairi?
Hongu, Mark.Ndiko kucherechedza kwakanaka.Isu takadaidzira kuburikidza nekufona kwaChikunguru kuti isu [Indecipherable] tichave tinopfuura 400 miriyoni munguva yezhizha, takakwanisa kuongorora mimwe mikana uye takachinja magiya.Ndiwo maitikiro azvakaita mapurojekiti eWallula.Uye saka izvo zvakatipa mukana wekudzosera kumashure kune mamwe makuru.
Saka tichareruka kupfuura fungidziro yepakutanga pamwe isingapfuure mazana mana asi pane imwe nzvimbo pazasi pazvo, asi zvakare tiri kushandura magiya pane mimwe yemikana iyi.Asi ini ndinofunga zvakafanira kudaidzira kuti mutsika yePCA, isu tine kugona kudzoka kumashure uye kuongorora kuti chii chakakodzera kuita nemadhora edu uye zvakare, yaive nguva yezhizha nguva yekuongorora zvakare kuti mikana yakaita sei, chii chakanakisa. mikana yakanga iri kwatiri.Uye saka isu, takashandura zvimwe zvinhu kumativi.Saka ingori nyaya yenguva.
Ndizvo zvatingatarisira kuti mari yacho ichayerera ichipinda mugore rinotevera, kana kuti -- kana kuti zvimwe ruvara rwakati wandei.Pane dzimwe sarudzo dziri kutariswa zvingangove pachena kuti haugone kutaura nazvo, asi izvo zvinogona kutamba mazviri.Kana kuti ndinofungidzira nzira yechitatu ingave dai wanga uri, uye ndinofunga kuti hazvigoneke, asi kana usina chivimbo chekuti mari yako inoyerera kupi -- yako yekuyerera kwemari pane yekuenda kumberi.Chero rubatsiro rwaungatipa nayo.
Zvakanaka, tisingakupei iyo chaiyo nhamba yemari, Bhodhi rakabvumidza muna Nyamavhuvhu mapurojekiti makuru maviri paWallula Mill, chimwe chiri chirongwa cheOCC uye chimwe chiri chirongwa chitsva cheyadhi yehuni.Uye kuti mari inopedza, kunyangwe isiri yese gore rinouya, imwe yacho ichapfuura muna 2021, asi chikamu chakanaka chemari chichatanga gore rinouya pamapurojekiti makuru maviri aya kuWallula, asi iwo mapurojekiti akawandisa ekudzoka.
Saka zvakare isu tinochengeta kodzero yekukwanisa, kufambisa capital kumusoro nekudzika, asi mukati, mukati mechikamu cheimwe nzvimbo yatakambove uye yatakagarika nayo.Chikamu chezvatiri kuita ndechekuti tiri kuita chokwadi chekuti mapurojekiti ese atinoita isu tiri kuita huinjiniya, isu tiri kutonga mapurojekiti isu pachedu, uye tiri kuchengetedza kwakasimba kutonga kweiyi mapurojekiti uye izvo zvinotipa iyo optimum. return.
Kusvika pakupera kwa 2017, imi vakomana manga makapenga, vawana vekushandura simba asi kubva kuSacramento, unenge wabvisa tsoka yako pagesi uye ndiri kungoshamisika kuti pane chachinja here nehuzivi kana kuti ingangove maonero ekukoshesa.
Zvino, regai nditaure pamusoro pazvo, ipapo Tom anogona kuwedzera pane izvozvo.Chikamu chayo ndiyo mikana iripo uye mune zvauri kubhadharira mukana iwoyo.Saka zvakare, takatsvinda, tine hungwaru mukuongorora kwatinoita mikana iyoyo uye kunyanya nezvemikana yatingazo -- tichakwezvwa nayo.Tom?
Ndaingowedzera izvozvo.Takarangwa zvinoshamisa muhurongwa hwedu hwekutora.Zvave a, zvave chaizvo chaizvo nzira.Mikana ishoma nhasi se -- kunyanya sezvo musika wakazvimirira wadzikira zvakanyanya.Saka aripo, pane mikana mishoma kunze uko?Hongu, isu, tinoongorora mukana wese watinofunga kuti une musoro.Hatisati tambowana chero inokodzera -- inonyatsoenderana nemaitiro edu atiri kutsvaga saka ndizvo, ichiri chikamu chakakosha chehurongwa hwedu uye ticharamba tichitarisa nekuongorora mukana wese uye izvo zvine musoro. , tichaenda mberi.Ndizvo zvakanakisa zvandinogona kutaura.
Zvakanaka, ndatenda.Uye kungotevera nekukurumidza, ndinofungidzira pa e-commerce, iyo ichiri kukura, pamwe isiri kukurumidza uye SIOC chiitiko chinonakidza asi sezvo vanhu vanoedza nekudzikisa kurongedza kwese, takaona mapurasitiki emhando yekudzokazve uye. Handifungi kuti izvozvo zvine ushamwari zvikuru zvachose.Imi vakomana mune chero hunyanzvi here kana munoona chero mabhenefiti ekutama wakananga kraft bepa kana kraft masaga?
Isu hatisi, hatisi pachena mubhizimusi resaga re kraft asi ndinofunga kune mikana yakasvibiswa iri kuuya semhedzisiro yevatengi vanonyatsobva kure nemapurasitiki vanonzwisisa izvo zvinoita kune zvakatipoteredza uye, uye muzviitiko zvakawanda, tine e-commerce yakawanda uye tinotaura nezveAmazon nguva dzese maererano ne e-commerce, asi anenge munhu wese anogadzira chero chinhu uye kutengesa kuburikidza nekutengesa nharaunda ari mune imwe nzira ye e-commerce nhasi.Uye vese vari kutaura zvakafanana uye ndezvekuti vazhinji vevatengi havadi kugashira zvigadzirwa zvavo muhombodo dzepurasitiki kana imwe mhando yemidziyo yepurasitiki uye kunyangwe muchirongwa cheSIOC.
Pane hurukuro yakawanda pamusoro pekutora plastiki kunze kwepakeji yekutanga.Saka ini ndinofunga vimbiso yako [Phonetic] ndeyechokwadi uye ndinofunga kune mikana yeiyo corrugated indasitiri inoenda kumberi maererano nemukana uyu ungangoita mu e-commerce.
Mangwanani akanaka.Ndinotenda munhu wese nekutora mibvunzo yangu.Ndinozvitenda.Tom, uri -- wakataura uchipindura mubvunzo mukudanwa kwekupedzisira nezve maitiro ekota anotanga akasimba uye wozodzikira kusvika kumagumo ekota, uye zvaiita senge 3Q yakafanana.
Ndinofunga wakataura muna Chikunguru, wakwira 5.8% mumavhiki mashoma ekutanga uye kwekota yakazara uri kumusoro zvishoma pasi pe2%.Unogona here kudzokorora kuti nei uchifunga kuti uri kuona mapatani aya uye unotarisira kuti 4Q ifanane nezvawakaona munguva yakapfuura zvakadaro [Phonetic] nzvimbo zhinji pamitsetse iyoyo?
Adam, hazvigone kufanotaura chaizvo zvichaitika nevatengi vedu zviuru gumi nezvisere, asi ndinofunga maitiro ari nekuti vatengi vedu vari kuchengeta yavo yakaderera uye vachitarisa kuti mukota ivo, kutanga kwekota, vanozadza zvinyorwa. kusvika pamwero wakati.Uye pakupera kwekota vangangove vari kuvamhanyisa pasi nekuti sezvamunoziva, hupfumi hwakadaro zvekuti haufungidzike.Izvo hazvina kusimba, kana muchida, uye ndinofunga vatengi vedu vari kubata mari yavo, zvinyorwa zvavo, zvese zviri padyo nevest uye saka ini ndinotarisira kuti zvimwe chete zviitike muchikamu chechina.Zvakanaka, kota yechina yakanaka, inofungidzirwa zvishoma maererano nezororo uye zvimwe zvinhu zvese zvinoitika kutanga Thanksgiving uye kupinda muKisimusi.
Saka ndingashamisika kana nhanho ikaramba iri padanho iri, asi ndichiri kufunga kuti kota yechina ichave yakasimba.
Uye kuti ujekese muchikamu chechitatu, waona here mhando yechinhu icho mafambiro akadzikira kusvika kumagumo?
Zvakanaka uyezve, thanks Tom.Uye angori Bob mumwe pabhiriji re4Q.Ndinoziva kuti wakataura kugadzirisa kwaizova $ 0.06 kudhonza uye zviri pachena kuti uri kutungamira ku $ 0.22 yakaderera zvachose.Saka izvo zvinosiya 16. Unogona here zvakanyanyisa, kutaura nezve zvimwe zvinhu, mitengo yakaderera, yakaderera vhoriyamu, isina kusimba musanganiswa, yakakwira mutengo?Unogona here kutipa pfungwa yakaoma yekuti chimwe nechimwe cheizvo, iwe unotarisira kuti chimwe nechimwe chazvo chive chii?
Zvakanaka, uye zviri pachena, aya ndiwo mapoka atakanongedza, asi ari -- hatina kumbopa manhamba chaiwo emabhakiti akasiyana.Saka tongoenda nemacomments edu izvozvi.
Zvakanaka.Uye ini ndinofunga wati pane inotevera kufona, iwe uchataura nezve iyo yekuchengetedza ichave nekota, zvinoita sekunge 1Q ichave yakanyanya kurema kugadzirisa kota, ndiyo nzira chaiyo yekufunga nezvazvo?
Zvakanaka, ini ndichangoti tine zvedu, sezvatakataura mune yedu, ndinofunga mukuburitswa kwemuhoro, tine zvigayo zvedu zvitatu zvakakura zvebhokisi zvine kubuda kwegore mukota yekutanga.Saka izvo zvinonongedza kune basa rakawanda riri kuitika pavari.
Hei, ndatenda nekutora kutevera kwangu.Ini ndinongoda kuve nechokwadi kuti ndine izvi zvakananga, imi mose muri premium kubva kuOCC kugona muWallula uye ndinoziva kuti kune rimwe sangano riri kuedza kuunganidza mari yekuvaka chigayo chekudzokorora muUtah uye imi mose ndinofunga mune bhokisi rinoshandura kuvapo mukati. nyika iyoyo.NeWallula Mill zvakanyanyisa chengetedza iyo yese yakadzokororwa inotungamira iwe yaungave nayo kune yako mabhokisi emiti kana vachiida, yakadzokororwa bhodhi muUtah?
Ehe.Chip, patakanga tichiongorora iyi purojekiti mukana zvakare.Takatarisa kubva mudunhu reIntermountain, kusvika kuPacific Coast yese yemikana yedu yekugovera.Uye saka tinonzwa tine chivimbo, tine nhaurirano dzirikuenderera uye mune dzimwe nguva dzakavharirwa mukati nekwainobva kupihwa.Saka tine chivimbo chakanyanya uye zvakare chirongwa chirikuenderera mberi uye tiri kuenderera mberi nekumhanya, tiri kuita kuti izvi zviitwe gore rinouya.
Zvakanaka uyezve nekukasira zvakare, ndinotenda kuti inobvunzwa nezve bhizinesi reWhite Paper uye $48 miriyoni muchikamu chimwe chete chaive, ndinofunga uri kuita zvakanaka mune imwe yeakanakisa yawakambove nayo kubva pachibvumirano cheBoise makore matanhatu apfuura uye pane chimwe chinhu chisingajairiki muchikamu chechitatu, kungave kwanga kuri kuita kwakanaka kwazvo kana kuti iyi ndiyo yekutanga yakanaka yekufunga nezvayo sezvatinoenda kumberi uye zviri pachena kuti isu tinotarisa mukugadzirisa, isu tinotarisa mumutengo uye mavhoriyamu kubva pano.
Zvakanaka, ramba uchifunga, isu hatina kuve nekudzima muchikamu che3 chegore rino.Uye zvakare, pakanga paine vhoriyamu yemwaka yaivepo, asi zvakare chikamu chayo chinongori, chiri, ndichashandisa izwi, idiki bhizinesi kwatiri, zvigayo zviviri;iyo Jackson mill neI Falls mill uye isu tine iyi yakakura yekugovera nyika yese kugona.Saka isu tine yakanaka kwazvo mutengi base uye kugona kwezvinhu kwakakosha kune icho chirevo uye saka kana iwe uchigona kunzwisisa kuti tichave nekubuda kwakarongerwa gore rinouya pane imwe nguva munguva mukati meaya makota, iwe unenge uine aya makuru. inoisa uye inotora kukanganisa kwemitengo yekudzima, asi net-net, ichaita -- inoramba iri bhizinesi rakanaka kwatiri.Bob, unoda kutaura pane izvi.
Kwete, kwete, ndinobvuma.Ingori chimiro chemutengo, uye ndinofunga kuti iripo, icharamba ichiita basa rakatanhamara rekungobata mitengo, Chip uye kushandura mari yakawanda sezvinobvira kuita inosiyana-mhando mitengo inopesana neyakagadziriswa muzvinhu zvakadaro uye zvinongoenderera -- vanoenderera mberi nekuita basa rakasarudzika.
Uye chekupedzisira pamavhoriyamu, ndinoreva kuti kwave nezvakawanda zvinofamba zvidimbu nezvinounzwa kumusoro, asi huwandu hwakawanda hwakabviswa uye mukwikwidzi mumwe achitobva pamusika.Sezvaunotarisa muna 2020 na2021, iwe unoona chero chinhu, chero nhanho inoshanda mudivi rekuda kana kuti irambe iine tarisiro yakapfava kana kuti ingangoramba zvishoma kana iwe unoona chimwe chinhu chakasiyana pane icho.
Zvakanaka, iwe unoziva kana iwe ukaverenga iyo index ruzivo nezviri kutaurwa nekutengeserana, zviri pachena kuti vanofanotaura kuenderera mberi kwemusika kuda kuparadzwa nekufamba kwenguva.Asi hongu, tanga tichibata nazvo kwechikamu chirinani chemakumi mashoma emakore ikozvino.Saka isu tingove nekugona kuya kwekutonga izvozvo.Vhoriyamu yedu inomhanya kune kudiwa kwemusika, uye ndizvo zvese zvandinogona kutaura.Isu tine kugona kuchinjisa kugona ikoko zvishoma, uye isu zvakare zvakare - zvinotitendera kufamba mukati menzvimbo yevatengi, iyo yaimbova mukati.
Hei, Mark.Ini ndaida kungouya kune imwe mari, iyo ingangoita 3 quarters ye1 bhiriyoni izvozvi.Ungave wakasununguka here kuenderera mberi nekuvaka mari kune inokwana 2 kana 3 makota anotevera?
Handisi kuzotaura nezve kure kure.Takasununguka patiri izvozvi.Tichashandisa mamwe emazwi atashandisa gore rino tichitaura kuti, tichiri kurarama munguva dzisina kugadzikana.Isu tinonzwa hungwaru kwatiri izvozvi kuti tirambe takangwarira pamabatiro atinoita mari iyoyo.Izvo zvinotipa yakanyanya sarudzo mumashandisiro atinoita mukana weiyo mari.Uye ndakataura izvi paChikunguru kufona nedhora rega rega remari rakagara paruoko harisi kutambisa.Uye saka tinochengeta kodzero yekubvumidza izvo kuti zvienderere mberi kwenguva iripo, asi zvinotipa mikana mikuru mune ramangwana kugadzira kukosha kwevagovani sezvatakaita makore mazhinji apfuura.
Ehe, tarisa Mako, wanga uri mugoveri mukuru nekufamba kwenguva ndinofunga kuti munhu wese anogona kuzviona.Ini ndinongoda kuziva, inzvimbo hombe, ndinoreva kuti izvi zviri pachena mari yakawanda kupfuura yaungade iyo kutenga akati wandei emabhokisi emiti.Saka iwe unogona here kutipa imwe pfungwa yemhando yemhando dzemamiriro angave anonakidza uye kana paine shanduko mumhando yezvinhu zvauri kuda kufunga nezvenhoroondo, iwe wati, wanga usingadi kuenda kumahombekombe, waisada kuenda kuMexico, waisada kuenda kuEurope.Pane shanduko mune izvo zvinzvimbo?
Hapana shanduko munzvimbo iyoyo yekuve offshore.Isu tiri vekuAmerica uye ticharamba tiri vekuAmerica.Zvakare ndinongofanira kutenda chete, tiri kupinda musarudzo gore rinouya.Tine kusava nechokwadi kwakawanda munyika yakatitenderedza.Uye saka mari iyi inotipa mukana wakakura, zvisinei nezvichaitika mune ramangwana.
Zvakanaka, zvakanaka.Zvakare, ndinofunga kana ukatarisa rekodhi yako mumakore makumi maviri apfuura, inotaura zvakajeka.Ndichaishandura.
Thanks nekutora kutevera.Ndichazviita muchidimbu.Mukuburitswa kwenhau, ndinofunga mune zvakagadzirirwa zvirevo zvawakataura nezve kumhanya kunodiwa asi zvakare kuyedza kuvaka imwe hesera uchitarisira kugadzirisa gore rinouya.Pane chimwe chinhu here, chimwe chinhu chaicho chaunoda kuti tibvise pane icho?
Aiwa, zvakare, sezvatinotarisa kudzima gore rinouya.Uye kana isu tikafungidzira chimwe chinodiwa, icho chaunofanira kuvaka modhi, ingave kana kwete izvo zvinoitika munyika.Asi kana tikafunga kuti tichatora kupera uku gore rinouya uye kuti zvinorevei pamatani atiri kutora pasi kwekota yekutanga, unofanirwa -- uye zvakare uri kubata nemamiriro ekunze echando, izvo kusagadzikana kukuru munyika yose uye izvo zvingaite kune zvekufambisa.Saka, iwe zvechokwadi unofanirwa kuve nekamwe kamwe keyemwe yakawedzera hesera kuti upe zvinodiwa mumabhokisi emiti, iwe uchitora zvigayo izvi pasi.
Saka tiri kungotaura kuti pane imwe nhamba yatichakwira kubva mukupera kwekota yechitatu towana kugadzikana zvishoma sezvatiri muna Zvita topinda muna Ndira.Hatisi kuzodaidza nhamba iyoyo kunze, asi ichange yakati kwiriri pane yatinopedza pa3Q.
Mhoroi mose.Ndatenda nekundikodzera uye ndichakurumidza, ingori mubvunzo unokurumidza pane e-commerce imwezve nguva.Mako naTom, ndinoreva kusvika padanho rauri kushanda pane mamwe maSIOC mapurojekiti, pamwe kodzero yekugadzira zvigadzirwa kune vatengi vakapihwa dimensional huremu protocol.Pane here zvakakosha zvinhu zvauri kushanda pazviri, padivi rekushandura, chero chinhu chauri kuita, pamwe pakudhinda pamwe dhijitari paunenge uchiedza kufambisira mberi kupinda kwako kana kugovera zvaunoitira mutengi ipapo uyezve kana iwe unogona kutivandudza pane maonero ako zvakare zvine hukama pamutsetse wepamusoro chena kana kuti iwe unofanirwa kuvaka chero kugona kune yakakura dhigirii mumba kana kwete.
Rega nditange ndatora mubvunzo wemuchena wepamusoro uye Tom ozopedzisa mubvunzo wasara.Parizvino isu tine kugona, dai taifanira, taigona kuburitsa chena pamusoro, asi hazvina mari kuti tiite izvozvo uye saka isu, hatisi kuzotevera izvo sezvaungatarisira.Tom?
George, nekukurumidza chaizvo pa-e-com, zviri pachena kuti handisi kuzopinda mune chero ruzivo nezve zvatiri kuronga kuita kunze, kunze kwekungoti isu tinoongorora dzimwe nzira, tinoongorora izvo zvakatinakira isu. vatengi.Zvatinofunga kuti imhinduro dzakanakisa pamusika, uye ticharamba tichidaro.
Zvakanaka, ndatenda.Zetania inopedzisa kufona kwedu nhasi uye ndinoda kutenda munhu wese nekubatana nesu uye ndinotarisira kutaura nemi muna Ndira sezvatinokupai kupedzwa kwegore rose nekota yechina.Iva nezuva rakanaka.
Nguva yekutumira: Oct-30-2019