Helmerich & Payne, Inc. (NYSE:HP) this morning reported net income of $500 million or $4.55 per diluted share from operating revenues of $564 million for the first quarter of fiscal 2018. Net income per diluted share includes $4.57 of after-tax gains comprised of select items(4), the most significant of which is a non-cash gain of approximately $501 million related to a reduction of H&P’s deferred income tax liability as a result of applying the new corporate tax rate enacted by the Tax Cuts and Jobs Act(5). Continue reading
You’ll never see the word “culture” on a company’s P&L statement, but it’s proven that a company’s culture is reflected in its bottom line.
Today’s work force, especially among millennials, rates companies they want to work for based on their culture. From a recruitment and retention standpoint, culture is critical, but how do characteristics of environment translate to profitability? Continue reading
In Friday’s jobs report, black unemployment reached a record low: 6.8 percent.
That’s the lowest black unemployment since the Bureau of Labor Statistics began tracking employment in 1972. Surprisingly reported by the Washington Post, headline: “Trumps first year jobs numbers were very, very good. Continue reading
Postmaster General Megan J. Brennan dedicated a stamp today to help fund research to find a cure for one of the top 10 leading causes of death — Alzheimer’s.
The first-day-of-issue dedication ceremony for the Alzheimer’s Semipostal Fundraising stamp took place at Johns Hopkins Bayview Medical Center in Baltimore.
The price of the stamp includes the First-Class Mail single-piece postage rate in effect at the time of purchase plus an amount to fund Alzheimer’s research. Continue reading
Updated: The Wall Street Journal editorial begins with a bit of humor from Milton Friedman who once joked that if you put the government in charge of the Sahara Desert in five years there would be a shortage of sand.
He could have been talking about Venezuela and its oil wealth. But it is no joke. This is important for Tulsans to consider as so many are engaged in the oil industry with ties to Venezuela and as our elitist entitled Mayor G.T. Bynum drives socialism in city governance. Continue reading