News Article | August 3, 2017
ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange (NYSE:ICE), a leading operator of global network of exchanges and clearing houses and provider of global data and listing services, today reported financial results for the second quarter of 2017. For the quarter ended June 30, 2017, consolidated net income attributable to ICE was $418 million on $1.2 billion of consolidated revenues less transaction-based expenses. Second quarter GAAP diluted earnings per share (EPS) were $0.70, up 17% year-over-year. On an adjusted basis, net income was $448 million in the second quarter, and diluted EPS were $0.75, up 9% year-over-year. Please refer to the reconciliation of non-GAAP financial measures included in the press release for more information on our adjusted net income and adjusted diluted EPS. “ Our record second quarter performance resulted in our seventeenth consecutive quarter of revenue growth," said ICE Chairman and CEO Jeffrey C. Sprecher. " This was driven by strength in both our data and listings and our trading and clearing segments, demonstrating the ability of our integrated business model to capture opportunities across global markets. We are focused on expanding our comprehensive trading, data and risk management solutions for our customers and creating strong value for shareholders." Scott A. Hill, ICE CFO, added: “ In the second quarter, we built on our track record of consistent revenue growth, expense discipline and margin expansion. This performance generated strong cash flows which allowed us to return over $700 million to shareholders in the first half of 2017 and has us on track to return around $1.4 billion this year. We are well positioned to achieve our growth objectives in 2017 and are investing to strengthen the foundation for continued growth in the future." Second quarter 2017 consolidated revenues, less transaction-based expenses, were $1.2 billion. Trading and clearing segment revenues, less transaction-based expenses, were $550 million in the second quarter 2017, up 4% compared to the prior second quarter. Data and listings segment revenues were $628 million in the second quarter of 2017, up 4% compared to the prior second quarter, including data services revenues of $521 million, up 5% and listings revenues of $107 million, up 2% over the prior second quarter. Consolidated operating expenses were $569 million for the second quarter of 2017. Consolidated operating income for the second quarter was $609 million and operating margin was 52%. The effective tax rate for the second quarter was 25%. Unrestricted cash was $398 million and outstanding debt was $5.9 billion as of June 30, 2017. (1) The 2017 Non-GAAP adjusted operating expense excludes $67 million in amortization of acquisition-related intangibles for the third quarter of 2017. The GAAP operating expense forecast does not reflect an estimate of acquisition-related transaction and integration costs for the third quarter of 2017. ICE will hold a conference call today, August 3, at 8:30 a.m. ET to review its second quarter 2017 financial results. A live audio webcast of the earnings call will be available on the company's website at www.theice.com in the investor relations section. Participants may also listen via telephone by dialing 888-317-6003 from the United States, 866-284-3684 from Canada or 412-317-6061 from outside of the United States and Canada. Telephone participants are required to provide the participant entry number 4399343 and are recommended to call 10 minutes prior to the start of the call. The call will be archived on the company's website for replay. The conference call for the third quarter 2017 earnings has been scheduled for November 2, 2017 at 8:30 a.m. ET. Please refer to the Investor Relations website at www.ir.theice.com for additional information. Historical futures, options and cash ADV, rate per contract, open interest data and CDS cleared information can be found at: http://ir.theice.com/investors-and-media/supplemental-volume-info/default.aspx We use non-GAAP measures internally to evaluate our performance and in making financial and operational decisions. When viewed in conjunction with our GAAP results and the accompanying reconciliation, we believe that our presentation of these measures provides investors with greater transparency and a greater understanding of factors affecting our financial condition and results of operations than GAAP measures alone. In addition, we believe the presentation of these measures is useful to investors for period-to-period comparison of results because the items described below as adjustments to GAAP are not reflective of our core business performance. These financial measures are not in accordance with, or an alternative to, GAAP financial measures and may be different from non-GAAP measures used by other companies. We use these adjusted results because we believe they more clearly highlight trends in our business that may not otherwise be apparent when relying solely on GAAP financial measures, since these measures eliminate from our results specific financial items that have less bearing on our core operating performance. We strongly recommend that investors review the GAAP financial measures and additional non-GAAP information included in our Quarterly Report on Form 10-Q, including our consolidated financial statements and the notes thereto. Adjusted net income attributable to ICE common shareholders and adjusted diluted earnings per share for the periods presented below are calculated by adding or subtracting the adjustments described below, which are not reflective of our cash operations and core business performance, and their related income tax effect and other tax adjustments (in millions, except for per share amounts): Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company that operates a leading network of regulated exchanges and clearing houses, and is a provider of global data and listing services. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in Intercontinental Exchange, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC on February 7, 2017. We caution you not to place undue reliance on these forward looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of an unanticipated event. New factors emerge from time to time, and it is not possible for management to predict all factors that may affect our business and prospects. Further, management cannot assess the impact of each factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
News Article | June 5, 2017
Utah-based inventor and entrepreneur Bryan Kendrick, founder and CEO of product design company, Ice-Olate™, has created a simple solution to the pesky problem created by melted ice in a camping cooler. The impetus for the design came from Kendrick’s own camping experiences and the continual hassle of having to throw away spoiled food that had grown soggy and/or contaminated in the melted ice water. Kendrick started drawing up plans for the product almost 10 years ago, he said, but life took him in a different direction. Then, a few years ago he revisited the idea using 3-D printing and recently launched The Cooler Tray™. The patented design is a simple, perforated tray that users put into the bottom of their cooler before filling it with food and ice. Small legs on the bottom of the tray allow space below it for the melted ice water to collect and remain separate from the food. “The product solves a lot of those problems dealing with your food cooler,” Kendrick said. “Your food stays clean, it stays dry … and you save a lot of stress from not having to deal with cleaning up a mess and throwing lots of food away.” The tray also makes the ice last longer. Results have varied, Kendrick said, but he has seen results that suggest ice will last up to 48 hours longer. This is because the ice is no longer sitting in melted water which causes it to melt faster. The Cooler Tray™ was designed to be universal, Kendrick said, meaning it will fit most brand coolers from Igloo and Coleman to Yeti and Grizzly. The tray adjusts both lengthwise and widthwise and can be used in cooler sizes from 40 quarts up to about 110 quarts. Additionally, The Cooler Tray™ is compliant with standards set forth by the Food and Drug Administration. Its design provides enough support for up to 80 pounds of food and beverages. The tray’s height allows for about 15-20 pounds of ice to melt and collect below the tray without the user having to empty the cooler. The Cooler Tray™ can be purchased from Ice-Olate’s website and Amazon online. Ice-Olate’s™ goal is to design innovative products that solve real-life problems. Their website currently lists two available products — The Cooler Tray™ and The Cooler Belt. Ice-Olate™ is partnered with Utah-based company Phone Skope, a company that has revolutionized digiscoping adapters for mobile phones. Both Ice-Olate™ and Phone Skope products are manufactured in the United States.
Cabral V.M.,ICE |
Barros L.C.,University of Campinas
2012 Annual Meeting of the North American Fuzzy Information Processing Society, NAFIPS 2012 | Year: 2012
We study the SI epidemiological model in two distinct ways, one considering correlation between the numbers of susceptible and infected individuals, and another assuming that the initial conditions and the transmission rate are interactive. In both cases we assume uncertainties given by fuzzy sets. Interactivity is based on the concept of completely correlated fuzzy numbers. The dynamics of each model is represented by fuzzy differential equations (FDE) approached in two ways: the first using the theory of fuzzy differential inclusion and the second using Zadeh's extension principle to obtain a solution. We found that both produce the same solution. © 2012 IEEE.
Zhang W.T.,ICE |
Li Z.Q.,ICE |
Applied Mechanics and Materials | Year: 2013
Frequency locked loop (FLL) plays an important role in carrier synchronization because of its excellent dynamic performance. However, it performs inadequately in low signal-to-noise ratio (SNR). In this paper, the principle of stochastic resonance (SR) is briefly introduced and a SR processor is proposed. Based on traditional FLL, the SR processor is added before frequency discriminator in order to weaken the effect that thermal noise brings to FLL. The paper investigates the processing effect of SR. Simulation results show that the performance of improved FLL is greatly improved. It can tolerate rather high dynamics and tracking accuracy of frequency achieve 0.2Hz even with CNR as low as 25 dBHz, which verified the validity of above ideas. © 2013 Trans Tech Publications Ltd, Switzerland.
Lei S.,Postgraduate Team 2 |
2011 International Conference on Wireless Communications and Signal Processing, WCSP 2011 | Year: 2011
In this paper, the narrowband DOA estimation problem is studied in compressive sensing (CS) perspective. A novel DOA estimation approach based on extended Bayesian compressive sensing (BCS) is presented. To avoid the matrix singular drawback in BCS, a basis pruning procedure through iterative hard thresholding is utilized. The proposed method is hyper-parameter free and needs not know the number of sources a prior. Simulation results demonstrate that the proposed scheme has high space resolution and can resolve highly correlated or coherent sources. © 2011 IEEE.
Kumar P.,ICE |
Singh S.K.,Krishna Institute of Engineering and Technology |
Ojha P.,Krishna Institute of Engineering and Technology
Proceedings - 2011 International Conference on Computational Intelligence and Communication Systems, CICN 2011 | Year: 2011
Analyze some of the basic principles involved in the design of optical fiber based displacement sensor and to apply it to design a weight measurement system. Bifurcated optical fiber sensors can have many applications. Having high sensitivity to short distances, bifurcated optical fiber (Y-sensor) is well suited not only for control applications as position sensors, but also for gauging and surface assessment. In addition, they can be utilized as non contact pressure sensors if used in conjunction with reflective diaphragms moving in response to pressure. Y-sensor can also be applied as temperature transducer if used in conjunction with deformable bimetal sensors. © 2011 IEEE.
Semmling A.M.,Helmholtz Center Potsdam |
Beyerle G.,Helmholtz Center Potsdam |
Stosius R.,Helmholtz Center Potsdam |
Dick G.,Helmholtz Center Potsdam |
And 8 more authors.
Geophysical Research Letters | Year: 2011
This paper evaluates the usage of reflected GPS signals for Earth observations to study changes of sea level and sea-ice in remote sensing. In a coastal setup, ∼670 m above Disko Bay (Greenland), signals with different carriers L1 and L2 were recorded. A method is presented that analyses the interferometric phase between the reflected and the direct signals and derives the height of the reflecting surface. The analysis includes a ray tracing and an estimation of signal coherence. It is shown that coherent reflections are related to sea-ice coverage. Absolute heights are derived with a time interval of ∼30 min. The altimetric results show semidiurnal tides that are validated using the AODTM-5 tide model. The residual height has a mean of 9.7 cm for L1 and 22.9 cm for L2. The dispersion is not significant but a significant tropospheric bias is detected with an error of up to 20 cm. Copyright © 2011 by the American Geophysical Union.
International Journal on Hydropower and Dams | Year: 2012
Soaring international prices for oil and gas are driving the expansion of renewable energies in Central America, a region which has plenty of untapped potential for producing hydropower, wind power and geothermal energy. The seven countries in the region are taking steps to accelerate the use and diversification of the renewable energies. This has created a new climate for business, and an increase in regional investments in and between transboundary nations.
Yang J.,ICE |
Lu C.-L.,ICE |
Hu Y.-J.,ICE |
Jia J.-X.,ICE |
2012 International Conference on Microwave and Millimeter Wave Technology, ICMMT 2012 - Proceedings | Year: 2012
A broad band wide beam circular polarization microstrip antenna is designed and analyzed. The antenna uses double-layer circular patch to broad bandwidth. The antenna is enclosed by a folded conducting wall so that a wide radiation beam is achieved. Parametric studies are performed to explore the performance improvements. The simulated and measured results indicate that the bandwidth of the antenna is 900MHz (from 3.46GHz to 4.36GHz) while the reflection coefficient is less than -13dB and the half-power beamwidth can achieve 120°. In the bandwidth, the antenna is realized with a good gain and a good circular polarization fed by a Wilkinson power divider with 90° phase difference. © 2012 IEEE.
News Article | November 12, 2016
NASHVILLE, Tenn., Nov. 11, 2016 /PRNewswire/ -- With the flip of a switch, Nashville's Gaylord Opryland Resort tonight turned on its 2.3 million holiday lights and officially kicked off its 33rd annual A Country Christmas celebration. A Country Christmas, presented by FUJIFILM INSTAX...