Summary
The Williams Companies, Inc. (WMB) filed an 8-K on April 27, 2001, reporting its unaudited first-quarter 2001 financial results. The report highlights a significant increase in earnings from continuing operations, reaching $378.3 million or $0.78 per share, a substantial improvement from the restated $138.9 million or $0.31 per share in the prior year's first quarter. This indicates strong performance from the company's core businesses during the period. While continuing operations showed robust growth, consolidated net income, which includes discontinued operations, was $199.2 million or $0.41 per share for the first quarter of 2001. This compares to $0.22 per share in the same period of the previous year. Investors should note the distinction between continuing and consolidated results, as the former appears to be a key driver of the improved financial picture presented by WMB.
Key Highlights
- 1Williams Companies reported strong unaudited first-quarter 2001 results from continuing operations, with net income of $378.3 million ($0.78 per share).
- 2This represents a significant increase compared to the restated first-quarter 2000 earnings from continuing operations of $138.9 million ($0.31 per share).
- 3Unaudited consolidated net income for Q1 2001 was $199.2 million ($0.41 per share).
- 4Consolidated net income per share in Q1 2001 showed improvement over Q1 2000, which was $0.22 per share.
- 5The filing includes a press release dated April 26, 2001, publicly announcing these earnings.
- 6The report was filed on April 27, 2001, covering events up to April 26, 2001.