Proven Approach To Reaching New Heights
Our Financial Discipline – A tried and true test of growth and shareholder value
Financial discipline requires us to plan with clear, realistic economic objectives and to deal with the real facts - even taking corrective actions when needed. We examine new opportunities with strict financial measures while looking at near-term earnings and long-term growth. We will not undertake projects that do not meet the required hurdle rates. We are committed to maintaining steady growth and considering strategic investments (including acquisitions) that will further strengthen and diversify our businesses. Practicing this discipline is not just the focus of our financial team, it’s a trait shared across the entire Company. When our business unit managers look at opportunities, one of the first things they do is probe the economics. Understanding our customers’ needs and staying disciplined enables us to cultivate projects that can deliver the required economic benefits for our investors.
Return on Equity Compared to Peers
Our Strategic Plan challenges us to identify and focus on investment opportunities that can sustain the grow required to achieve our aggressive targets over the long term.