184 quotes about profitability follow in order of popularity. Be sure to bookmark and share your favorites!

The announced organization will continue our customer focus, improve our ability to execute and position Boeing for sustainable, long-term growth and profitability in a changing market environment.

Jim Albaugh

To make 70 million after losing 165 million in hurricanes does show the fundamental profitability of the company.

Robert Hiscox

The continued low-priced, high-volume assault on the U.S. market by Chinese activated carbon is destroying the profitability of the domestic industry, despite its best efforts to reduce costs and maintain pricing and profits.

David Hartquist

While it may not be fair to say they don't deserve to make what they are making, it is correct to question why they are making so much money. Their profitability is tied to government policy decisions.

Charles Pena

The industry is definitely going through some difficult times, ... We have been making the necessary adjustments to address the current business climate and we are prepared to do what is necessary to position the company to return to greater profitability in the future.

Paul Fireman

Our goal is to drive business and competitors' business to our other stores and Blockbuster Online. This transfer of revenue is great for our profitability.

Randy Hargrove

Bankers Trust generated broad-based improvement in both revenue and profitability in the first quarter. Bankers Trust nearly doubled investment banking profit from a year ago.

Frank Newman

The government has agreed to give us a free hand in managing the network, and this will mean that we will have full control on determining capacity, frequency and pricing. Managing yields will be a key factor to ensure profitability and it's important for us to be able to manage this.

Idris Jala

This increase combined with a reduction in overhead expenses allowed us to build our overall profitability while still investing in even stronger levels of advertising behind our global brands.

Reuben Mark

We believe that Compaq also did a good job on the profitability front, which should enable operating margins to more than double from third-quarter levels ... this should lead to earnings-per-share at least several cents higher than the consensus First Call estimates of $0.16.

Dan Niles

They've been executing their strategy very well, and it's been evident in their profitability.

John Rydning

From '97 to today, we have grown 300 percent in sales and profitability.

Jim Whitesel

The overall decline in our boys' business hurt toys' profitability because that is a high margin business for us.

Alfred Verrecchia

Whatever profit you're making on those customers, getting that extra year or so out of them can make the difference between profitability or not. A lot of carriers are toeing a fine line.

Dylan Brooks

The new funding will carry the company into 2007 towards profitability, enabling us to not only continue innovating on our antenna diversity technology, but also to deploy it shortly in cell phones on a worldwide basis.

Osmo Hautanen

What I was trying to convince companies with the report is that if you're increasing productivity in the field, that has a pretty large impact on profitability. And there is still a need to improve productivity out there.

Russell Walters

I am confident that we have a high quality business and, with a much-reduced cost base, I believe we are well placed to rapidly return to profitability going forward.

Andy Taylor

They've been skilled in their product development. But they, like their domestic competitors, are very dependent on light truck profitability. They've introduced some new S.U.V.'s at a point when that market is under a cloud.

Scott Sprinzen

Align is more of a speculative play, it's a young business and they are nowhere near profitability. But they have a unique product in a large marketplace.

Ben Holmes

You've seen an incredibly high profitability. In the future, it'll be part of union contracts, but for the most part it's not yet.

Dennis Mcalpine

We have been and will be conducting a radical portfolio review process in the U.S., ... The objective is to assess the positioning of our divisions there to obtain critical mass and raise profitability.

Heinrich Von Pierer

I would say for Disney and ABC, Monday Night Football is the only thing that hasn't gone down significant in ratings and profitability. It's one of the things holding the network up.

Paul Kim

Management did outline several actions that they plan to take that should help return the company to more profitability. This will include several hundred million dollars in charges in the December quarter.

Michael Ching

After a slower first half year, we are pleased to see growth across Philips has picked up in the third quarter as we improved our profitability.

Gerard Kleisterlee

[Still,] profitability has increased each year, ... very little debt and a strong balance sheet.

Charles Saunders

[The productivity report is] a good thing for corporations because it means wages are being kept down and efficiency is going up and that should improve profitability, ... We should be able to rally from here to the end of the year.

Tim Woolston

It is going to put a major dent in GM's profitability, but GM is stuck right now.

Sean Egan

Our solid basic business makes the achieved level of profitability sustainable. We therefore expect a profit for the current year of the same level as in 2005.

Nikolaus Von Bomhard

The merger will have a big impact on retailers. This will likely trigger consolidation within the industry, helping to drive profitability at retailers higher.

Yoshihisa Okamoto

[Open source] has a tremendous impact on the profitability of the business.

Greg Gianforte

C&W has announced a sharply lower outlook for UK profitability in 2007, underlining our fears about dire performance in this division. There may also be doubts about the dividend cover from here.

Christian Maher

Higher capacity utilization will support profitability especially in a cyclical downturn.

Frank Biller

In many ways what we announced today is a milestone in building the business in China, ... But it mirrors what we did in the past 25 years in America in creating profitability and balancing that with a social conscience.

Howard Schultz

Oil is once again robbing the industry of a return to profitability. Cost reductions and efficiency gains have never been more critical.

Giovanni Bisignani

In that deal, there were three or four elements that were able to drive profitability.

Prakash Melwani

The pace of change in [software] pricing models is accelerating. A lot of software companies are still trying to figure out how to do multi-core processors .?.?. and still get the same level of profitability they had before.

Dave Edwards

The Company is working aggressively to continue this trend toward profitability.

Thomas Aiken

There's not any profitability there, ... Those two stores were probably not going to come back to profitability. In small business, you can't gain that business back.

James Garner

As we end one of the most challenging years for the in-store rental industry, we are focused more than ever on the overall profitability of our business.

John Antioco

In this market, express delivery on a global basis, we're confident the long- term outlook for growth is more than adequate. They continue to bang the drum on profitability discipline.

Dan Ortwerth

It's now focused on the profitability of accounts instead of the number of accounts.

Jeffery Harte

The supreme goal must be to finally boost long-term profitability at the company.

Susan Levermann

All operating and financial ratios by which we measure profitability and momentum improved versus the year-ago quarter.

Reuben Mark

We are now highly supportive of Wendy?s management team and their initiatives, and we believe that these new board members will contribute to Wendy?s plan to improve its profitability.

Nelson Peltz

Expectations for the industry's future profitability around the world are low, even in China. Meeting consumer demand in regions around the world with high quality products is the formula for success.

Betsy Meter

We have maintained our focus on group profitability.

Kate Swann

You can only do so much in asset-backed before you're hurting your profitability.

David Hendler

We're focused on fixing and returning, I should say, our North American business to profitability as quickly as possible.

Jerry Dubrowski

Their profitability hasn't been shining. They need to work harder on higher technology nodes, and getting more significant customers.

Christine Wu

The buyback is certainly a positive for the shares, and the profitability target of 20 percent is not bad given that Schering's product portfolio does not have many new drugs with high margins.

Martin Possienke

I'm confident that an emphasis on growth and profitability, supported by our new operating structure, will allow us to exit our next fiscal year having achieved a number of important goals.

David Wetherell

Their profitability last year would have taken a hit, if not for the government subsidies. Their refining business has been hurt by high oil prices.

Belle Liang

It's very much steady Eddie. Microsoft showed nice growth and better levels of profitability.

David Hilal

One of the major factors affecting pork producer profitability is the policy of the government as it impacts a producer's cost of doing business and their ability to effectively market their products. This award is a way for us to show our appreciation for the continued support that these legislators have demonstrated to Illinois pork producers.

Gary Asay

Unfortunately, this route had not met profitability levels that are necessary to sustain operations.

Isabelle Arthur

This is not what Larry Johnston envisioned when he took on the job, but amid relentless competition there was just a very long path to profitability.

David Dietze

Overall, I would certainly agree that it is not helpful that these costs are increasing, but also it is not going to be materially adverse to our potential profitability.

David Hargreaves

We're going to look at (slowing deliveries) very seriously as we look at our routes and where the capability is and where the substantial profitability (is).

David Neeleman

We are committed to returning to profitability in the fourth quarter and building on that positive momentum into 2002.

Anne M. Mulcahy

They have made great improvement in their operating profitability. Their operating cost structure is in much better shape.

Stefan Rheinwald

Profitability in the first-quarter and beyond is going to continue to be strong and the broader economy is clearly in a recovery phase.

Ben Halliburton

O'Sullivan emerges from Chapter 11 with new ownership, a very manageable debt load, leaner more efficient operations and a renewed focus on our customers and consumers. O'Sullivan has had its challenges in the past, but we are now poised to drive sales and profitability for O'Sullivan and our key customers through innovations in design, assembly, merchandising, advertising and promotions.

Rick Walters

We remain concerned about the company's ability to stem the continued decline in profitability and credit protection measures.

David Kang

Profitability at banks was not as good as we expected and retailers won't have any more occasion to register big sales until Spring.

Hajime Yagi

If economic trends solidify, we should continue to see improving profitability over the second half of the year, even at current aluminum prices.

Alain Belda

We have found that this program has not only allowed us to enforce the policies of the program, but also has allowed us to educate dealership personnel on how CPO can contribute to the overall profitability of the dealership.

Mark Stewart

Financial and operating results are not where they need to be, but we believe we have turned the corner on profitability.

Dick Davidson

His background is much more on the operational side, and that's a positive because that's what 3Com needs for them to reach operating profitability.

Manuel Recarey

Sumitomo Mitsui owes more than the other banks, yet its profitability is very good. It's not surprising it wants to show it's eager to pay the debt as soon as possible. Owing the government gives a bad impression.

Yoji Takeda

I'm dubious that the boost in corporate profitability from outsourcing has contributed much to creating new jobs.

Lee Price

This is decidedly attractive to Williams, ... It will add immediate cash, strengthen our balance sheet and allow us to continue to share in the profitability of the pipeline because of our general and limited partner interests in Williams Energy Partners.

Steve Malcolm

The industry has performed very well. We've seen record levels of profitability.

Jack Phelps

Decisive, yet disciplined, cost reduction action that balances the need to be fiscally prudent with the need to continually seek growth opportunities and generate long-term profitability in a highly competitive marketplace.

Jack Messman

The key thing is BBVA is the one with the options, not Lloyds. BBVA needs to do something now to take advantage of higher profitability and high price/earning multiples.

Simon Maughan

Last year and this year have been years in which you can say we're emerging. We're at least on the radar screen. This year we're hoping to break even. Then we're hoping for profitability in 2007.

Barry Brinster

What is the ultimate profitability? If you have any negative trend in a major component of the business, it's going to be difficult to find buyers for the stocks.

Steve Weinstein

It's a major challenge. No one can depend on the advertising revenue stream for profitability anymore. The key is finding additional revenue streams, but not at the expense of quality.

Ted Harbert

The expansion in retail lending, the lower provisions and costs are the main drivers for the return to profitability.

Dimitris Haralambopoulos

We are confident that we can return this company to its previous height..., ... We are relaxed about where we are, where we are going. Obviously we are working very hard to make sure that we are increasing the profitability.

Arun Sarin

Of all the factors leading to the favorable results, our decision to dramatically boost automation in our broker-dealer operations mid-2005 had the greatest impact on profitability.

Thomas Joyce

One of the key drivers that has helped McAfee transform into a leading global security provider and achieve best in class profitability since 2002 is our research and development centre in India.

George Samenuk

It is difficult to have high profitability in an industry where the investment is so big.

Gao Feng

We believe management is willing to bring this exposure down further if adequate profitability is not attained.

Thom Albrecht

With this EBITDA margin we have once again set a profitability benchmark in our industry.

Mike Heinz

Expanding operating profitability in the future will continue to remain a priority focus.

Serge Tchuruk

Excluding the rise in the fuel bill, the industry has actually achieved a 'normal' cyclical recovery in profitability.

Brian Pearce

We have entered the fall with much better backlog in place for delivery in the second quarter. We are looking for continued meaningful improvement in both revenue and profitability in the second quarter.

Brian L. Halla

I am pleased with our return to profitability during the fourth quarter, and especially pleased that our Zip business achieved near record profitability.

David Dunn

At this point, real wages are falling [and] profit margins are rising, so the offset to the stupid behavior on the part of the governments is that business profitability is improving, and that's all connected to the euro going down.

Charles Dumas

The underlying profitability of the business has been adversely affected by increasing mine costs and increasing borrowing costs.

Tony Palmer

Getting rid of GMAC wouldn't get GM itself back to profitability but what it would do is buy them some time and that's critical in this business. They need some time to get some decent product to the marketplace.

Joseph Balestrino

Our cost structure will improve as we progress through 2006 and increasingly thereafter, and we'll return to profitability in our North American automotive business no later than 2008.

Don Leclair

The IT (Information Technology) industry is experiencing its worst downturn since 1985, ... Against this background, it is essential that we take the hardest approach to costs, control and a return to profitability.

David Potter

Home video gave us a cushion that made it easier to grow. Now that it has leveled off, we don't have the cushion. It's very hard to grow profitability when you are at capacity.

Alan Horn

We sell pounds of lint, but its value is a function of fiber quality. These are profitability factors, but we also need to consider adaptability.

Dr. Randy Boman

[Our] challenge is the same as everybody's: Make good TV shows. No one can depend on the advertising revenue stream for profitability anymore.

Ted Harbert

The closings are important, but what is more important is the strategic direction they are going to take going forward, ... How are they going to improve profitability at existing stores?

Wayne Hood

It was a very strong quarter. It may end up being the best profitability of any airline in North America.

Cameron Doerksen

It's all open to negotiate until we can look at the tournament and what we can do to improve the profitability, ... So what our percentage (of ownership is) will all be determined.

Franklin Johnson

We don't think it's anybody's business to guarantee a level of profitability (to individual teams).

John Underwood

We had record new adds and profitability. And we posted the lowest churn ever recorded in the industry.

Doreen Toben

The global biotechnology industry's revenues are growing at strong rates, product approvals are bringing innovative drugs to market, and the long- elusive goal of profitability is quickly approaching.

Donn Szaro

This is weighing on our profitability which is forcing us to improve more rapidly our cost structure.

Michel Combes

It's a good move because Ford can't be a full line manufacturer. They have to focus on investing their money where they'll make money. If they get one million units out of production, they can go forward to regain profitability.

Dave Cole

It will result in much higher revenue growth and hopefully profitability growth than would probably be the case.

Mike Sadler

Despite the fact that we have had oil price go up to $64, it hasn't derailed corporate profitability, which means that companies are actually finding other ways to become more efficient.

Rohini Rathour

They have to pick up the pace in every area. Applications are an opportunity for Oracle to improve profitability but not necessarily drive up revenue. The company can't be considered healthy if database license revenue doesn't pick up.

Tony Ursillo

GE is falling under the same cloud of the market as a whole. Investors are not focused on the positives that are occurring like corporate profitability.

James Fisher

In spite of weakness in our major markets, we improved profitability, saw an extremely positive customer response to new John Deere products, and brought down field inventories of used farm equipment.

Robert Lane

Unless we see the liquidation or the mass shrinkage of capacity, we're not going to see the industry return to profitability, barring a collapse in oil prices.

Julius Maldutis

They have an innovative approach to the airline business - profitability.

Juli Niemann

Returning to profitability is not dependent on significant revenue growth.

Frank D'amelio

The company is taking the actions required for long-term profitability but whenever a company has to do this it can be painful for investors.

Kartik Mehta

Our focus on these product lines is leading us to sustained profitability, strong gross margins and a solid cash position.

David D. French

Moving forward, we'll continue to evaluate each subsidiary company in line with our larger business goals to reach market leadership and profitability and if necessary, effect further mergers, consolidations or divestitures to accelerate the achievement of these goals.

David Wetherell

The company clearly benefited from the sale of the handset and infrastructure businesses in 1999. The remaining segments offer much better profitability.

Marc Cabi

Discounting is not working. They are sacrificing profitability and not getting volumes.

Mark Swartzberg

We had an excellent apnea monitor program, but looking at national and local competitors, we really couldn't compete. We had to look at profit margins and profitability, so we made the decision to divest out of the apnea monitor program.

Gayle Devin

There is pricing power for cement makers and it could improve their profitability.

Rajat Jain

Whirlpool is hitting on all cylinders despite a challenging cost environment. You're going to see underlying profitability improve significantly in the near term with new product innovation and easier comparisons.

Craig Hutson

I think they are going to increase the profitability of the company and look at selling it.

Steve Ahlenius

The increased profitability from North American quick-turn and premium services drove global performance above our expectations.

Mark Hollinger

[But Panke acknowledged that the Mini's profit margins would be lower than that of other BMW cars in its first life cycle. BMW model life cycles are generally seven years.] We will not hit our usual profitability targets in the Mini's first life cycle, ... But we won't lose any money either.

Helmut Panke

The big difference is what happens with the profits that we generate through the year, and at the end of the year the profitability goes back to our members in the form of a patron's rebate.

Wally Smith

You can't cost-reduce yourself to profitability.

Anne Stevens

It needs to hit some home runs. You can cost-cut your way to profitability in the near-term, but you can't cost-cut your way to prosperity over the long-term.

David Kudla

As you set hard goals, industry is driven to profitability. You can produce energy for the private sphere and for public benefit. The public goal is important and the idea that the best prevails in the marketplace is ridiculous.

George Sterzinger

Earnings are now the focus as results will be an indication of companies' future profitability. Banks will benefit from increasing capital spending and their stocks are still cheap.

Tomokatsu Mori

We've built a brand and a platform that can grow through to profitability. We have a great strategy in place. We just have to execute, execute, execute, execute.

Toby Lenk

We continue to focus on profitability.

Ron Wirahadiraksa

The shrinkage of profitability is going to force the consolidation or cessation of services that live on the profitability of other services. You never see these limited-service hospitals start without the leverage of the physician-ownership piece.

Kelby Krabbenhoft

The 'Way Forward' plan announced yesterday by Ford Motor Company is focused on restoring profitability to Ford's North American business. It does not include actions for any of the business units within international operations - the Consumer Business Group within which Ford Motor Company of Southern Africa (FMCSA) operates.

Ben Pillay

The very sharp increase in net income does not simply reflect the positive effects of a robust economic environment but instead is due first and foremost to the improvement in the core profitability of all our business lines.

Daniel Bouton

I am particularly pleased that all of the members of our bank group agreed to remain lenders to Polaroid and support our strategic plan of improving profitability by successfully introducing innovative new products into the marketplace.

Gary T. Dicamillo

There have been periods in Motorola's history, including the early 1990s, when the sales growth rates and profitability of certain of our individual businesses were out of phase with each other.

Christopher B. Galvin

Kroger is making a superb strategic decision to move to the Everyday Living category because the brand has much more cachet. The path to higher consumer satisfaction and profitability is through a bigger and better portfolio of private brands.

Burt Flickinger Iii

They aren't competing as much as they were on price. What they are trying to do is focus a little bit more on profitability with the same customers.

Stephen Gauthier

While sales were weaker than anticipated, profitability increased on the back of cost-cutting.

Ivy Zelman

It's a savage profit warning for the UK with the number for 2007 likely to shift materially below current expectations. You are probably looking at cuts of between 30 and 50 percent to UK profitability for 2007.

Christian Maher

You can write off the chance of the Reserve Bank cutting rates this year and well into next year. Good profitability means you can hire people.

Michael Thomas

They succeeded in meeting expectations, not the least on the top line and they had a decent profitability, helped by earlier cost-cutting measures.

Tommi Saukkoriipi

In terms of total profitability of the company they're lowering guidance. It was a little bit sneaky how they tried to do this.

Todd Rethemeier

A few months ago we were in a buoyant market where investors and analysts were willing to be more forgiving of flaws and more patient with profitability and success. Investors and analysts are no longer so patient.

Caren Taylor

They laid it on the line that the Nine Network would be run for profitability rather than ratings going forward.

Craig Shepherd

We think that their profitability going forward will benefit from this.

Jane Coffey

With Eduardo Castro-Wright making changes at the helm, we believe Wal-Mart is reaching an inflection point that will take the company to the next level of growth and profitability.

Deborah Weinswig

The large increase in profitability was due to the bank's strong expansion in retail lending, especially in home loans, where National held on to its top rank.

Dimitris Haralambopoulos

Perceptually, that means something when the history books are written on this company. But what the Street and investors are increasingly focused on, rightly so, is what kind of profitability can you get from those revenues?

Matthew Troy

They do not want to see any government regulations or control because it limits the profitability. The free market is not doing anything to yield more affordable housing.

Jack Mccabe

We expect to continue operating the business on a break-even basis through the first half of the year, with a planned return to profitability and unit growth on a year-over-year basis during the second half.

Ted Waitt

Singapore believe that there is an awful lot of profitability to be had out of the route, so you would certainly imagine that Qantas will be less that pleased if it gets thrown open to another airline.

David Land

Our focus continues to be on continuing our North American automotive operations and restoring them to profitability as quickly as possible.

Jerry Dubrowski

With a weakening hedging profile, fuel costs will continue rising, and a slowing pace of saving on other costs will likely keep a lid on expectations for profitability.

Morgan Stanley

It's obvious there's an impact [on earnings]; that's why we are cutting output to support our profitability.

Deon Dreyer

You need size and scale, and you need to drive a brand name in order to achieve growth and profitability in this market.

Frederick Moran

Banks are increasingly monitoring profitability. If you have borrowed a lot of money or have tens of thousands of dollars in a money market account, they won't want to lose you.

Stephen Brobeck

Five million cards is just the beginning for us. We have met the profitability level for the business and are now keen to expand our market share.

Ma Weihua

The real story here is the much-improved profitability picture that has emerged.

Mark Parr

Moving forward, we have recalibrated our business to conserve resources and allow us to move more quickly to profitability.

Jason Olim

I expect zero percent growth out of Allstate but it's never really been a growth company. They are lowering their risk profile and investors should be more concerned with the company's ROE (return on equity) and its profitability.

Cliff Gallant

Not only are we committed to Mercury going forward, Mercury is a very important part of our brand portfolio, ... It has been a very important piece of our profitability.

Nick Scheele

We decided our goal was to shift from pure pursuit of market share to pursuit of profitability.

Charles Ardai

Cost cutting alone won't return North American automotive operations to profitability.

Craig Hutson

Growth is OK, but profitability not really. Operating costs rose strongly, therefore EBIT (earnings before interest and tax) missed expectations.

Roland Egger

Eric has dramatically improved the profitability of McAfee during 2005, significantly growing net operating margin. In addition, he has significantly improved the business and financial operations of the company. We look forward to having Eric improve all company operations in his expanded role.

George Samenuk

At this time, we have the capital on hand, enough flexibility and confidence in our model to go public when it makes sense for the company. Our focus right now is on profitability.

Matt Higgins

Are they going to be hugely profitable? No, not now because of the way fuel is. They're going to be strong enough to live to see better fuel prices and future profitability as the cycle strengthens.

Chris Lozier

The key to profitability is experience and continued discipline. If one of your line items starts to head in the wrong direction, you know it quickly, because you watch it closely and take action to correct the problem.

Kevin Knight

But when they did that, it cut into their profitability. Doing that broke their business model, so I think this is just a last-gasp effort to put a viable face on a business that's going nowhere.

Richard Stiennon

Microsoft's exit from this market should lead to more rational pricing and likely improved profitability for Intuit's TurboTax. In an attempt to gain market share, Microsoft dramatically cut unit price, a move Intuit was forced to match.

Scott Appleby

Japan Inc. is getting stronger, and their profitability continues to improve very nicely.

Jesper Koll

Two years ago we gave up on Xerox. It was on the brink of bankruptcy or being taken over and, believe it or not, now it's on the path to profitability .

Gene Marcial

We've been operating at a loss there for some time. It's being done to return operations there to profitability.

Ray Atkinson

We believe we can get closer to break-even in the current quarter and that we can return to profitability by the end of this calendar year.

Craig Mchugh

We may do slightly better in sales and in profitability than present consensus expectations of the investment community. The longer-term business climate is improving, although we believe it is premature to increase consensus sales and earnings estimates for the full year of 1999 beyond their present levels.

Christopher B. Galvin

Yahoo's revenue in the quarter was just below consensus, with profitability lagging further behind.

Heath Terry

Going forward, we will continue to closely control costs while investing in key markets to maximize our potential for profitability.

Brian L. Halla

This was good profitability on very good revenue growth.

Eric Coldwell

You've got to give them credit. They're showing better levels of profitability on lower volumes.

Eli Lustgarten

Some integration of businesses and coverage areas should help raise efficiency and profitability.

Eiji Maeda

I am proud of all that we have achieved at Sun. This is a decision I have considered carefully over the past year. As we are marching down the path back to profitability, and have, for the most part completed our massive product and customer engagement transitions, I believe I have accomplished what I set out to do.

Edward Zander

(Forward) continues to operate its business flawlessly and each quarter management seems to improve upon its previous record quarter for profitability. Still, given what feels like increased competitive headwinds... we believe caution is warranted.

Edward Wolfe

Typically, they are faster to generate revenue and, hopefully, faster to profitability.

Edward Tenthoff

Our productivity drive is indispensable to the maintenance of market share and improvement in profitability.

Edouard Michelin