Excerpt from the earnings transcript:
Management Quotes "Released our Q3 materials and we are pleased with our performance. The operating and competitive environment continues to normalize, our promotional activity remains rational, we remain focused on our strategy of generating sustainable and profitable growth. In Q3, we generated over 1.3 billion in consolidated revenue and 585 million in EBITDA representing 4% and 3% growth respectively over the previous year.
Free cash flow for the quarter was in excess of 135 million and year-to-date we have generated over 540 million in free cash flow. Given the improvement of free cash flow and assuming continued favorable market conditions our forward plans to target dividend increases are 5% to 10% over the next two years. This consideration further solidifies the confidence that our board has an ability of senior management to invest and grow the business and execute our strategic priorities. Over the last several months we've announced a series of transactions focused on optimizing our portfolio of assets."
http://www.earningsimpact.com/Transcript/81814/SJR/Q3-2013-Earnings-Call
Management Quotes "Released our Q3 materials and we are pleased with our performance. The operating and competitive environment continues to normalize, our promotional activity remains rational, we remain focused on our strategy of generating sustainable and profitable growth. In Q3, we generated over 1.3 billion in consolidated revenue and 585 million in EBITDA representing 4% and 3% growth respectively over the previous year.
Free cash flow for the quarter was in excess of 135 million and year-to-date we have generated over 540 million in free cash flow. Given the improvement of free cash flow and assuming continued favorable market conditions our forward plans to target dividend increases are 5% to 10% over the next two years. This consideration further solidifies the confidence that our board has an ability of senior management to invest and grow the business and execute our strategic priorities. Over the last several months we've announced a series of transactions focused on optimizing our portfolio of assets."
http://www.earningsimpact.com/Transcript/81814/SJR/Q3-2013-Earnings-Call
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