Click here to close now.

Welcome!

.NET Authors: Greg O'Connor, Aria Blog, Pat Romanski, Elizabeth White, Hovhannes Avoyan

News Feed Item

Russel Metals Announces 2012 Annual and Fourth Quarter Results

TORONTO, ONTARIO -- (Marketwire) -- 02/12/13 -- Russel Metals Inc. (TSX:RUS) today announced fourth quarter 2012 earnings of $20 million, or $0.34 per share on revenues of $766 million. These results compare with our 2011 fourth quarter earnings per share of $0.47 on revenues of $712 million.

Our fourth quarter earnings include the operating income of Apex Distribution which contributed $6 million in operating income from the date of its acquisition on November 8, 2012. This positive contribution to our energy products segment earnings was muted by the inventory write-downs of $4 million taken in the period by certain of our other energy operations due to price declines in pipe products. The operating earnings for the segment improved to $18 million in the quarter from $17 million in the fourth quarter of 2011.

Operating profits in the fourth quarter of 2012 for our metals service centers were $17 million down from $21 million in the fourth quarter of 2011. Results were impacted by an industry-wide drop in volumes in November and December beyond expected seasonality. Gross margins improved slightly in the 2012 fourth quarter as a result of steel mills attempting to raise prices. In September 2012, the unionized employees at our Boucherville, Quebec operation took strike action and this work stoppage was resolved on February 7, 2013. The strike has reduced our operating income by approximately $2 million in the quarter.

Our steel distributor segment fourth quarter operating profits decreased to $7 million from $11 million in the fourth quarter of 2011 due to soft demand and tightening margins. Gross margins improved slightly to 13.2% from 13.0% in the 2012 third quarter consistent with our metals service center operations.

Net earnings for the fourth quarter were also negatively impacted by $2 million due to non-cash charges, including the amortization of intangibles, and transaction costs related to the Apex Distribution acquisition.

For the year, our earnings were $99 million or $1.64 per share on revenues of $3.0 billion versus 2011 earnings of $118 million or $1.97 per share on revenues of $2.7 billion.

Brian R. Hedges, President and CEO, said: "2012 was an exciting year as we made three acquisitions, highlighted by the purchase of Apex Distribution. Through these acquisitions we believe that we have strengthened the Company's ability to generate earnings over the cycle and we are well positioned to reap the benefits in 2013 and beyond. During the fourth quarter we experienced a weakness in demand in all segments; however, our metals service centers outperformed the industry shipment volumes reported by the Metals Service Center Institute. The stabilization of gross margins in the fourth quarter and the recent upward price movement by the mills should lead to higher margins in 2013. We look forward to the expected materialization of a full year's benefits relating to the acquisitions we made in 2012."

The Board of Directors approved a quarterly dividend of $0.35 per common share payable March 15, 2013 to shareholders of record as of February 28, 2013.

The Company will be holding an Investor Conference Call on Wednesday February 13, 2013 at 10:00 a.m. ET to review its fourth quarter and annual results for 2012. The dial-in telephone numbers for the call are 416-340-2216 (Toronto and International callers) and 1-866-226-1792 (U.S. and Canada). Please dial in 10 minutes prior to the call to ensure that you get a line.

A replay of the call will be available at 905-694-9451 (Toronto and International callers) and 1-800-408-3053 (U.S. and Canada) until midnight, Wednesday February 27, 2013. You will be required to enter pass code 7908038 in order to access the call.

Additional supplemental financial information is available in our investor conference call package located on our website at www.russelmetals.com.

Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: metals service centers, energy products and steel distributors, under various names including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier Richler, Alberta Industrial Metals, Apex Distribution, Apex Remington, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe Steel, Megantic Metal, Metaux Russel, Metaux Russel Produits Specialises, Milspec, Norton Metals, Pioneer Pipe, Russel Metals Specialty Products, Russel Metals Williams Bahcall, Siemens Laserworks, Spartan Energy Tubulars, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel and York-Ennis.

Statements contained in this press release or on the related conference call that relate to Russel Metals' beliefs or expectations as to certain future events are not statements of historical fact and are forward-looking statements. Russel Metals cautions readers that there are important factors, risks and uncertainties, including but not limited to economic, competitive and governmental factors affecting Russel Metals' operations, markets, products, services and prices that could cause its actual results, performance or achievements to be materially different from those forecasted or anticipated in such forward-looking statements.

The forward-looking statements in this document reflect management's current beliefs and are based on information currently available to management. The material assumptions applied in making the forward-looking statements in this document include the following: demand from the manufacturing, resource and construction segments of the Canadian economy are stable and these conditions will continue in the foreseeable future; and oil and gas prices, the price of steel and the value of the Canadian dollar relative to the U.S. dollar will be at similar levels with what we experienced at the end of 2012. Although the forward-looking statements contained in this document are based upon what management believes to be reasonable estimates and assumptions, Russel Metals cannot ensure that actual results will not be materially different from those expressed or implied by these forward-looking statements and does not intend to update any forward-looking statement other than required by law.


CONSOLIDATED STATEMENTS OF EARNINGS                                         
                                                                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                         Quarters ended         Years ended 
                                            December 31         December 31 
(in millions of Canadian dollars,        2012      2011      2012      2011 
 except per share data)                                                     
----------------------------------------------------------------------------
Revenues                            $   765.9 $   711.6 $ 3,000.1 $ 2,693.3 
Cost of materials                       640.1     585.8   2,476.8   2,168.0 
Employee expenses                        55.6      49.7     215.3     202.3 
Other operating expenses                 33.8      29.8     131.8     125.5 
----------------------------------------------------------------------------
                                                                            
Earnings before interest, finance                                           
 and income taxes                        36.4      46.3     176.2     197.5 
Interest expense                          9.1       6.8      34.2      27.5 
Interest income                          (0.2)     (0.5)     (1.7)     (2.0)
Other finance expense                     0.8       0.9       5.6       2.6 
----------------------------------------------------------------------------
                                                                            
Earnings before income taxes             26.7      39.1     138.1     169.4 
Provision for income taxes                6.3      10.6      39.3      51.1 
----------------------------------------------------------------------------
                                                                            
Net earnings for the period         $    20.4 $    28.5 $    98.8 $   118.3 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Basic earnings per common share     $    0.34 $    0.47 $    1.64 $    1.97 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Diluted earnings per common share   $    0.34 $    0.46 $    1.64 $    1.92 
----------------------------------------------------------------------------
----------------------------------------------------------------------------


CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME                             
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                         Quarters ended         Years ended 
                                            December 31         December 31 
(in millions of Canadian dollars)        2012      2011      2012      2011 
----------------------------------------------------------------------------
Net earnings for the period         $    20.4 $    28.5 $    98.8 $   118.3 
----------------------------------------------------------------------------
                                                                            
Other comprehensive income (loss)                                           
 net of tax                                                                 
Unrealized foreign exchange (losses)                                        
 gains on translation of foreign                                            
 operations                               4.1      (7.8)     (8.5)      9.1 
Unrealized (losses) gains on items                                          
 designated as net investment hedges        -       2.6      (0.9)     (2.5)
Losses on derivatives designated as                                         
 cash flow hedges transferred to net                                        
 earnings during the year                   -       0.3       2.3       1.1 
Actuarial (losses) gains on pension                                         
 and similar obligations                  3.1     (13.8)     (6.0)    (13.8)
----------------------------------------------------------------------------
                                                                            
Other comprehensive income (loss)         7.2     (18.7)    (13.1)     (6.1)
----------------------------------------------------------------------------
                                                                            
Total comprehensive income          $    27.6 $     9.8 $    85.7 $   112.2 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION                               
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                                December 31     December 31 
(in millions of Canadian dollars)                      2012            2011 
----------------------------------------------------------------------------
                                                                            
ASSETS                                                                      
Current                                                                     
  Cash and cash equivalents                 $         115.1 $         270.7 
  Accounts receivable                                 456.2           382.4 
  Inventories                                         764.0           645.6 
  Prepaid expenses                                      7.1             4.6 
  Income taxes receivable                               7.7             0.5 
----------------------------------------------------------------------------
                                                                            
                                                    1,350.1         1,303.8 
                                                                            
Property, Plant and Equipment                         241.8           201.3 
Deferred Income Tax Assets                              4.6             5.3 
Other Assets                                            6.5             3.3 
Goodwill and Intangibles                              192.1            24.7 
----------------------------------------------------------------------------
                                                                            
                                            $       1,795.1 $       1,538.4 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
LIABILITIES AND SHAREHOLDERS' EQUITY                                        
Current                                                                     
  Bank indebtedness                         $          14.3 $             - 
  Accounts payable and accrued liabilities            396.5           362.8 
  Income taxes payable                                    -            17.4 
  Current portion long-term debt                        2.2             1.3 
----------------------------------------------------------------------------
                                                                            
                                                      413.0           381.5 
                                                                            
Long-Term Debt                                        453.6           296.5 
Pensions and Benefits                                  38.7            33.3 
Deferred Income Tax Liabilities                        20.5             0.4 
Provisions and Other Non-Current Liabilities           39.9             7.3 
----------------------------------------------------------------------------
                                                                            
                                                      965.7           719.0 
----------------------------------------------------------------------------
                                                                            
Shareholders' Equity                                                        
  Common shares                                       487.9           485.4 
  Retained earnings                                   324.3           306.7 
  Contributed surplus                                  17.3            15.7 
  Accumulated other comprehensive loss                (30.2)          (17.1)
  Equity component of convertible debenture            28.7            28.7 
----------------------------------------------------------------------------
                                                                            
Total Shareholders' Equity Attributable to                                  
 Equity Holders                                       828.0           819.4 
  Non-controlling interest                              1.4               - 
----------------------------------------------------------------------------
                                                                            
Total Shareholders' Equity                            829.4           819.4 
----------------------------------------------------------------------------
                                                                            
Total Liabilities and Shareholders' Equity  $       1,795.1 $       1,538.4 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                                                            
CONSOLIDATED STATEMENTS OF CASHFLOW                                         
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                           Quarters ended       Years ended 
                                              December 31       December 31 
(in millions of Canadian dollars)           2012     2011     2012     2011 
----------------------------------------------------------------------------
                                                                            
Operating activities                                                        
  Net earnings for the period           $   20.4 $   28.5 $   98.8 $  118.3 
  Depreciation and amortization              7.4      5.8     25.5     23.5 
  Deferred income taxes                      0.3     (0.3)     1.3     (0.2)
  (Gain) loss on sale of property, plant                                    
   and equipment                            (1.2)     0.1     (1.2)     0.1 
Stock-based compensation                     0.6      0.5      2.1      2.1 
Difference between pension expense and                                      
 amount funded                              (1.4)    (1.3)    (3.1)    (2.6)
Debt accretion, amortization and other       1.7      1.5      9.7      6.4 
----------------------------------------------------------------------------
                                                                            
Cash from operating activities before                                       
 non-cash working capital                   27.8     34.8    133.1    147.6 
----------------------------------------------------------------------------
                                                                            
Changes in non-cash working capital                                         
 items                                                                      
  Accounts receivable                       46.8     11.7     25.4    (78.6)
  Inventories                               48.4      2.0    (28.5)   (97.5)
  Accounts payable and accrued                                              
   liabilities                             (17.4)    23.5    (34.3)    79.0 
  Income taxes receivable/ payable           0.1      3.4    (19.6)     7.2 
  Other                                     (0.6)    (0.6)    (0.1)    (1.5)
----------------------------------------------------------------------------
                                                                            
Change in non-cash working capital          77.3     40.0    (57.1)   (91.4)
----------------------------------------------------------------------------
                                                                            
Cash from operating activities             105.1     74.8     76.0     56.2 
----------------------------------------------------------------------------
                                                                            
Financing activities                                                        
  Increase in bank borrowings               14.6        -     14.6        - 
  Issue of common shares                     0.6      0.1      2.0      1.4 
  Dividends on common shares               (21.1)   (18.1)   (81.2)   (69.1)
  Issuance of long-term debt                   -        -    300.0        - 
  Repayment of long-term debt               (0.3)    (3.4)  (142.4)   (29.3)
  Deferred financing                           -     (0.1)    (7.0)    (0.6)
----------------------------------------------------------------------------
                                                                            
Cash from (used in) financing activities    (6.2)   (21.5)    86.0    (97.6)
----------------------------------------------------------------------------
                                                                            
Investing activities                                                        
  Purchase of property, plant and                                           
   equipment                                (7.3)    (5.2)   (33.7)   (18.1)
  Proceeds on sale of property, plant                                       
   and equipment                             1.8      0.1      1.8      0.8 
  Purchase of business                    (226.4)       -   (281.3)       - 
----------------------------------------------------------------------------
                                                                            
Cash used in investing activities         (231.9)    (5.1)  (313.2)   (17.3)
----------------------------------------------------------------------------
                                                                            
Effect of exchange rates on cash and                                        
 cash equivalents                            1.0     (1.4)    (4.4)     5.7 
----------------------------------------------------------------------------
                                                                            
Increase (Decrease) in cash and cash                                        
 equivalents                              (132.0)    46.8   (155.6)   (53.0)
Cash and cash equivalents, beginning of                                     
 the period                                247.1    223.9    270.7    323.7 
----------------------------------------------------------------------------
                                                                            
Cash and cash equivalents, end of the                                       
 year                                   $  115.1 $  270.7 $  115.1 $  270.7 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                                                            
Supplemental cash flow information:                                         
Income taxes paid                       $    5.6 $    7.9 $   60.0 $   45.8 
Interest paid (net)                     $   16.1 $    0.5 $   31.2 $   25.5 
                                                                            
                                                                            
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY                                
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
(in millions of Canadian   Common   Retained    Contributed     Accumulated 
 dollars)                  Shares   Earnings        Surplus           Other 
                                                              Comprehensive 
                                                                       Loss 
----------------------------------------------------------------------------
                                                                            
Balance, January 1, 2012 $  485.4 $    306.7  $        15.7 $         (17.1)
Acquired during the year        -          -              -               - 
Payment of dividends            -      (81.2)             -               - 
Net earnings for the                                                        
 year                           -       98.8              -               - 
Other comprehensive loss                                                    
 for the year                   -          -              -           (13.1)
Recognition of stock-                                                       
 based compensation             -          -            1.6               - 
Stock options exercised       2.5          -              -               - 
----------------------------------------------------------------------------
                                                                            
Balance, December 31,                                                       
 2012                    $  487.9 $    324.3  $        17.3 $         (30.2)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                                                            
Balance, January 1, 2011 $  483.7 $    257.5  $        13.9 $         (11.0)
Payment of dividends            -      (69.1)             -               - 
Net earnings for the                                                        
 year                           -      118.3              -               - 
Other comprehensive loss                                                    
 for the year                   -          -              -            (6.1)
Recognition of stock-                                                       
 based compensation             -          -            1.8               - 
Stock options exercised       1.7          -              -               - 
----------------------------------------------------------------------------
                                                                            
Balance, December 31,                                                       
 2011                    $  485.4 $    306.7  $        15.7 $         (17.1)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY                      
------------------------------------------------------------------
------------------------------------------------------------------
                                                                  
(in millions of Canadian         Equity Non Controlling     Total 
 dollars)                  Component of        Interest           
                            Convertible                           
                             Debentures                           
------------------------------------------------------------------
                                                                  
Balance, January 1, 2012$          28.7 $             - $   819.4 
Acquired during the year              -             1.4       1.4 
Payment of dividends                  -               -     (81.2)
Net earnings for the                                              
 year                                 -               -      98.8 
Other comprehensive loss                                          
 for the year                         -               -     (13.1)
Recognition of stock-                                             
 based compensation                   -               -       1.6 
Stock options exercised               -               -       2.5 
------------------------------------------------------------------
                                                                  
Balance, December 31,                                             
 2012                   $          28.7 $           1.4 $   829.4 
------------------------------------------------------------------
------------------------------------------------------------------
                                                                  
                                                                  
Balance, January 1, 2011$          28.7 $             - $   772.8 
Payment of dividends                  -               -     (69.1)
Net earnings for the                                              
 year                                 -               -     118.3 
Other comprehensive loss                                          
 for the year                         -               -      (6.1)
Recognition of stock-                                             
 based compensation                   -               -       1.8 
Stock options exercised               -               -       1.7 
------------------------------------------------------------------
                                                                  
Balance, December 31,                                             
 2011                   $          28.7 $             - $   819.4 
------------------------------------------------------------------
------------------------------------------------------------------

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
As organizations shift toward IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection &E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 16th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships, will discuss how to cut costs, scale easily, and unleash insight with CommVault Simpana software, the only si...
Hadoop as a Service (as offered by handful of niche vendors now) is a cloud computing solution that makes medium and large-scale data processing accessible, easy, fast and inexpensive. In his session at Big Data Expo, Kumar Ramamurthy, Vice President and Chief Technologist, EIM & Big Data, at Virtusa, will discuss how this is achieved by eliminating the operational challenges of running Hadoop, so one can focus on business growth. The fragmented Hadoop distribution world and various PaaS solutions that provide a Hadoop flavor either make choices for customers very flexible in the name of opti...
Cloud data governance was previously an avoided function when cloud deployments were relatively small. With the rapid adoption in public cloud – both rogue and sanctioned, it’s not uncommon to find regulated data dumped into public cloud and unprotected. This is why enterprises and cloud providers alike need to embrace a cloud data governance function and map policies, processes and technology controls accordingly. In her session at 15th Cloud Expo, Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems, will focus on how to set up a cloud data governance program and s...
The Workspace-as-a-Service (WaaS) market will grow to $6.4B by 2018. In his session at 16th Cloud Expo, Seth Bostock, CEO of IndependenceIT, will begin by walking the audience through the evolution of Workspace as-a-Service, where it is now vs. where it going. To look beyond the desktop we must understand exactly what WaaS is, who the users are, and where it is going in the future. IT departments, ISVs and service providers must look to workflow and automation capabilities to adapt to growing demand and the rapidly changing workspace model.
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
Roberto Medrano, Executive Vice President at SOA Software, had reached 30,000 page views on his home page - http://RobertoMedrano.SYS-CON.com/ - on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, and SOA World Magazine. He is a recognized executive in the information technology fields of SOA, internet security, governance, and compliance. He has extensive experience with both start-ups and large companies, having been involved at the beginning of four IT industries: EDA, Open Systems, Computer Security and now SOA.
HP and Aruba Networks on Monday announced a definitive agreement for HP to acquire Aruba, a provider of next-generation network access solutions for the mobile enterprise, for $24.67 per share in cash. The equity value of the transaction is approximately $3.0 billion, and net of cash and debt approximately $2.7 billion. Both companies' boards of directors have approved the deal. "Enterprises are facing a mobile-first world and are looking for solutions that help them transition legacy investments to the new style of IT," said Meg Whitman, Chairman, President and Chief Executive Officer of HP...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, representing a model of how to analyze rea...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes for use cases across the industrial, enterprise, and consumer segments.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
SYS-CON Events announced today that Open Data Centers (ODC), a carrier-neutral colocation provider, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Open Data Centers is a carrier-neutral data center operator in New Jersey and New York City offering alternative connectivity options for carriers, service providers and enterprise customers.
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
PubNub on Monday has announced that it is partnering with IBM to bring its sophisticated real-time data streaming and messaging capabilities to Bluemix, IBM’s cloud development platform. “Today’s app and connected devices require an always-on connection, but building a secure, scalable solution from the ground up is time consuming, resource intensive, and error-prone,” said Todd Greene, CEO of PubNub. “PubNub enables web, mobile and IoT developers building apps on IBM Bluemix to quickly add scalable realtime functionality with minimal effort and cost.”
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon, will discuss how as enterprise IT embraces other IoT-related technology trends, enterprises with i...
When it comes to the Internet of Things, hooking up will get you only so far. If you want customers to commit, you need to go beyond simply connecting products. You need to use the devices themselves to transform how you engage with every customer and how you manage the entire product lifecycle. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, will show how “product relationship management” can help you leverage your connected devices and the data they generate about customer usage and product performance to deliver extremely compelling and reliabl...
The Internet of Things (IoT) is causing data centers to become radically decentralized and atomized within a new paradigm known as “fog computing.” To support IoT applications, such as connected cars and smart grids, data centers' core functions will be decentralized out to the network's edges and endpoints (aka “fogs”). As this trend takes hold, Big Data analytics platforms will focus on high-volume log analysis (aka “logs”) and rely heavily on cognitive-computing algorithms (aka “cogs”) to make sense of it all.
With several hundred implementations of IoT-enabled solutions in the past 12 months alone, this session will focus on experience over the art of the possible. Many can only imagine the most advanced telematics platform ever deployed, supporting millions of customers, producing tens of thousands events or GBs per trip, and hundreds of TBs per month. With the ability to support a billion sensor events per second, over 30PB of warm data for analytics, and hundreds of PBs for an data analytics archive, in his session at @ThingsExpo, Jim Kaskade, Vice President and General Manager, Big Data & Ana...
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...