Day: February 4, 2021

Vintage Wine Estates, One of the Fastest Growing U.S. Wine Producers, to Become a Public Company

Written by Customer Service on February 4, 2021. Posted in Mergers And Acquisitions.

Bespoke Capital Acquisition Corp. (TSX: BC.U) and Vintage Wine Estates enter into a merger agreementVintage Wine Estates has a revenue and EBITDA CAGR of over 20% since 2010Paul Walsh, Executive Chairman of BCAC and former Diageo CEO, to become non-executive Chairman of the combined company. Pat Roney, CEO and founder of Vintage Wine Estates, to continue as CEO of the combined companyPro forma implied market capitalization and enterprise value of approximately US$690 million plus more than US$50 million of potential deferred considerationWasatch Global Investors acquires US$28 million stake in Vintage Wine EstatesBespoke Capital Acquisition Corp. in the process of listing on the NASDAQInvestor conference call scheduled for 8:30 AM ET on Thursday, February 4TORONTO and SANTA ROSA, Calif., Feb. 04, 2021 (GLOBE NEWSWIRE) — Bespoke Capital...

Cargotec’s Board of Directors has resolved on incentive programme’s performance criteria for 2021

Written by Customer Service on February 4, 2021. Posted in Public Companies.

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 4 FEBRUARY 2021 AT 1:50 PM (EET)Cargotec’s Board of Directors has resolved on incentive programme’s performance criteria for 2021The Board of Directors of Cargotec Corporation has resolved on the performance criteria for the share-based incentive programme for the year 2021. The performance share programme, approved by the Board of Directors in 2020, includes three performance periods, calendar years 2020–2022, 2021–2023 and 2022–2024. Each performance period includes one to three measuring periods. One measuring period can be three calendar years at maximum, which is the total length of one performance period. For the measuring periods, the Board of Directors will annually resolve the length, the performance criteria and the required performance levels for each criterion.During the performance...

Cargotec Oyj:n hallitus on päättänyt osakepalkkio-ohjelman ansaintakriteereistä vuodelle 2021

Written by Customer Service on February 4, 2021. Posted in Public Companies.

CARGOTEC OYJ, PÖRSSITIEDOTE, 4. HELMIKUUTA 2021 KLO 13.50Cargotec Oyj:n hallitus on päättänyt osakepalkkio-ohjelman ansaintakriteereistä vuodelle 2021Cargotec Oyj:n hallitus on päättänyt ansaintakriteerit osakepalkkio-ohjelmalle koskien vuotta 2021. Hallituksen vuonna 2020 hyväksymässä osakepalkkio-ohjelmassa on kolme ansaintajaksoa, kalenterivuodet 2020–2022, 2021–2023 ja 2022–2024. Kukin ansaintajakso sisältää yhdestä kolmeen mittausjaksoa. Yksi mittausjakso voi olla maksimissaan kolme kalenterivuotta, mikä on yhden ansaintajakson kokonaispituus. Hallitus päättää vuosittain mittausjaksojen pituuden, ansaintakriteerit ja niille tavoitteet.Ohjelman kohderyhmään ansaintajaksolla 2021–2023 kuuluu noin 110 konsernin avainhenkilöä mukaan lukien Cargotecin johtoryhmän jäsenet. Hallitus on päättänyt, että ansaintajakson ensimmäinen mittausjakso...

Reliance Steel & Aluminum Co. to Announce Fourth Quarter and Full Year 2020 Results on Thursday, February 18th

Written by Customer Service on February 4, 2021. Posted in Public Companies.

LOS ANGELES, Feb. 04, 2021 (GLOBE NEWSWIRE) — Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it will report fourth quarter and full year 2020 financial results for the period ended December 31, 2020, on Thursday, February 18, 2021, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company’s website at investor.rsac.com.Reliance Steel & Aluminum Co.’s Fourth Quarter and Full Year 2020 Conference Call DetailsFor those unable to participate during the live broadcast, a replay of the call will also be available beginning that same day at 2:00 p.m. Eastern Time until 11:59 p.m. Eastern Time on March 4, 2021, by dialing (844) 512-2921 (U.S. and Canada)...

Brookfield Renewable Announces Record Results and 5% Distribution Increase

Written by Customer Service on February 4, 2021. Posted in Public Companies.

All amounts in U.S. dollars unless otherwise indicatedBROOKFIELD, News, Feb. 04, 2021 (GLOBE NEWSWIRE) — Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable” or “BEP“) today reported financial results for the three and twelve months ended December 31, 2020.“2020 was another year of significant growth for our business. Despite the economic challenges around the world, we delivered record results and continued to broaden our operations, as we look forward to a multi-decade opportunity to advance decarbonization and assist with the transition of global electricity grids to a more sustainable future,” said Connor Teskey, CEO of Brookfield Renewable. “Our size, scale across multiple technologies, and depth of operating and development expertise continues to be a meaningful differentiator in...

Liquidity Services Announces First Quarter Fiscal Year 2021 Financial Results

Written by Customer Service on February 4, 2021. Posted in Public Companies.

GMV of $190.4 million — GAAP Revenue of $55.8 million — GAAP Net Income of $4.5 millionNon-GAAP Adjusted EBITDA of $8.8 millionContinued adoption and use of Liquidity Services’ safe and effective e-commerce marketplace platform drives 28% year-over-year growth in consolidated GMVYear-over-year increase in GAAP Net Income of $9.7 million and Non-GAAP Adjusted EBITDA of $10.9 millionBETHESDA, Md., Feb. 04, 2021 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ: LQDT; www.liquidityservices.com), the world’s largest B2B e-commerce marketplace for business and government surplus, today announced financial results for the first quarter fiscal year 2021 ended December 31, 2020. The Company’s Q1-FY21 performance reflected continued customer adoption of our safe and effective e-commerce solutions across all business segments...

Glatfelter Reports Fourth Quarter and Full Year 2020 Results

Written by Customer Service on February 4, 2021. Posted in Public Companies.

~ Strong financial performance in the midst of the pandemic ~~ Progressing transformation with recent announcement to acquire Georgia-Pacific’s U.S. nonwovens business ~CHARLOTTE, N.C., Feb. 04, 2021 (GLOBE NEWSWIRE) — Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today reported its results for the fourth quarter of 2020, which are summarized in the following table:On an adjusted basis, earnings from continuing operations for the three months ended December 31, 2020 and 2019, were $9.6 million, or $0.22 per share, compared with $7.7 million, or $0.17 per share, respectively. Adjusted earnings is a non-GAAP financial measure for which a reconciliation to the nearest GAAP-based measure is provided within this release. Consolidated net sales for the three months ended December 31, 2020 totaled...

SmileDirectClub, Inc. Announces Proposed Convertible Senior Notes Offering

Written by Customer Service on February 4, 2021. Posted in Public Companies.

NASHVILLE, Tenn., Feb. 04, 2021 (GLOBE NEWSWIRE) — SmileDirectClub, Inc. (“SmileDirectClub”) (NASDAQ: SDC) today announced its intention to offer, subject to market and other conditions, $350,000,000 aggregate principal amount of convertible senior notes due 2026 (the “notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. SmileDirectClub also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date notes are first issued, up to an additional $52,500,000 principal amount of notes.The notes will be senior, unsecured obligations of SmileDirectClub,...

Cargotec’s financial statements review 2020: Good performance in an exceptional year

Written by Customer Service on February 4, 2021. Posted in Earnings Releases And Operating Results.

CARGOTEC CORPORATION, FINANCIAL STATEMENTS REVIEW 2020, 4 FEBRUARY 2021 AT 1.30 PM EETCargotec’s financial statements review 2020: Good performance in an exceptional yearPositive trend continued since MayService business remained resilient, sales decreased by 5 percentShare of eco portfolio sales increased to 24 percentCargotec’s extraordinary general meeting approved merger with Konecranes. The implementation of the merger is subject to obtaining the necessary approvals from the competition authorities.The figures in this financial statements review are based on Cargotec Corporation’s audited 2020financial statements.October–December 2020 in brief: Orders received at the previous year’s levelOrders received remained at comparison period’s level and totalled EUR 963 (962) million.Order book amounted to EUR 1,824 (31 Dec 2019: 2,089) million...

Cargotecin tilinpäätöstiedote 2020: Hyvä suoritus poikkeuksellisena vuonna

Written by Customer Service on February 4, 2021. Posted in Earnings Releases And Operating Results.

CARGOTEC OYJ, TILINPÄÄTÖSTIEDOTE 2020, 4.2.2021 KLO 13.30Cargotecin tilinpäätöstiedote 2020: Hyvä suoritus poikkeuksellisena vuonnaPositiivinen kehitys jatkui toukokuusta astiHuoltoliiketoiminta säilyi vakaana, liikevaihto laski 5 prosenttiaEkoratkaisujen tuoteryhmän osuus liikevaihdosta kasvoi 24 prosenttiinCargotecin ylimääräinen yhtiökokous hyväksyi sulautumisen Konecranesin kanssa. Sulautumisen lopullinen toteutuminen edellyttää kilpailuviranomaisten hyväksyntää.Tässä tilinpäätöstiedotteessa esitetyt luvut perustuvat Cargotec Oyj:n tilintarkastettuuntilinpäätökseen 2020.Loka–joulukuu 2020 lyhyesti: Saadut tilaukset edellisvuoden tasollaSaadut tilaukset säilyivät vertailukauden tasolla ja olivat 963 (962) miljoonaa euroa.Tilauskanta kauden lopussa oli 1 824 (31.12.2019: 2 089) miljoonaa euroa.Liikevaihto laski 14 prosenttia ja oli...

Day: February 4, 2021

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