Participants in the SolicitationMUDS, Topps and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from MUDS stockholders in connection with the proposed business combination. TOPP Industries, Inc. is committed to its customers and its product, and realizes that quality, price, and selection is its main responsibility. There's no single best way to come up with a mission statement. Maybe you value quality, customer service, or being sustainable. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. It helps you stand out as a business, highlighting what sets you apart from the others in your industry. The Topps Company, Inc. is a company based in New York City that manufactures candy and collectibles. Topps' method of determining these non-GAAP measures may be different from other companies' methods and, therefore, may not be comparable to those used by other companies and Topps does not recommend the sole use of these non-GAAP measures to assess its financial performance. 1952 Topps Mickey Mantle card sells for $12.6 million, shattering record It demonstrates thoughtful leadership, reputability, and inspiration to potential investors, employees, or donors. It is also useful to guide and motivate employees, keeping them in line with the company's values. Mission Statement: A mission statement is a short sentence or paragraph used by a company to explain, in simple and concise terms, its purpose(s) for being. Mission statements encapsulate your company's priorities and describe how you will accomplish your vision. The Topps Company Announces First Quarter 2021 Results Fiberglass Basins, Covers and Accessories. Investor ContactTom Filandro and Brendon Frey, ICR, Inc.ToppsIR@icrinc.com, Media Contact Keil Decker, ICR, Inc.ToppsPR@icrinc.com, TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Amounts in thousands, except share data), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME(Amounts in thousands)(unaudited), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in thousands) (unaudited), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in thousands)(unaudited), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESRECONCILIATION OF CONSOLIDATED ADJUSTED EBITDA TO NET INCOME(Amounts in thousands)(unaudited). Please see the reconciliation of non-GAAP financial measures to the most closely comparable GAAP measures at the end of this press release. Forward-looking statements may be identified by the use of words such as forecast, intend, seek, target, anticipate, believe, expect, estimate, plan, outlook, and project and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. June 22, 2021 07:00 ET The company makes basketball cards as the official licensed trading card publisher for the NBA; it offers NFL cards through shared rights with rival Upper Deck. *Non-GAAP measure; complete definitions of Topps non-GAAP measures are provided herein under Non-GAAP Financial Measures.. * Jeffrey Abrahams's THE MISSION STATEMENT BOOK was hailed by the Washington Post as a landmark volume. The 3 Pillars of Corporate Sustainability, Ethical Standards You Should Expect From a Financial Advisor, 7 Popular Marketing Techniques for Small Businesses, 10 Phrases You Should Ban From Your Resume, Advantages and Disadvantages of Mission Statements, Core Competencies in Business: Finding a Competitive Advantage, Value Proposition: How to Write It With Examples, Corporate Culture Definition, Characteristics, and Importance, What Is Brand Management? With our strong first quarter results, I am pleased to report that we have meaningfully raised our full year 2021 net sales and Adjusted EBITDA* targets.. The reconciliation presented above reconciles the non-GAAP financial measure Adjusted EBITDA to the GAAP financial measure net income for the thirteen weeks ended April 3, 2021 and the fourteen weeks ended April 4, 2020. TOPPS mission statement in part was to promote offshore racingand did it ever! It should also be clear and inspiring. This includes its marketing materials, engagement in community events, reviews from current and former employees, and its logo presence. $19.99. By a show of hands it was decided that a High Performance Boat Club would be fun and give others with the same mindset an opportunity to join in. Mission Statement - Meaning, Features, Components, Benefits - Top4u 4. Topps uses Adjusted EBITDA to evaluate the underlying performance of its revenue-generating operations and facilitate comparisons of Topps recurring operating performance between periods and to the reported operating performance of other companies. $19.99. A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. A mission statement is not required, though it may be a grant application for a nonprofit or asked for by an interested investor of a company. Mission Statement Generator & Examples | HoneyBook 50 Example Nonprofit Mission Statements - Top Nonprofits by NXUnite Net effect of changes in operating assets and liabilities: Accounts payable, accrued expenses and other current liabilities, Acquisitions of property, plant and equipment, Effect of exchange rate changes on cash and cash equivalents, (Decrease)/increase in cash and cash equivalents, Cash and cash equivalents - beginning of period, Cash and cash equivalents - end of period, Income taxes paid, net of refunds received, Non-cash and non-core (gains)/ losses, net, Net sales increased by $59.3 million, or 55.3%, to $166.6 million, Gross margin improved 200 basis points to 39.4%, Net income grew $23.0 million to $23.4 million, Adjusted EBITDA* grew $23.0 million to $35.9 million, Adjusted EBITDA margin* increased 950 basis points to 21.5%, Sports & Entertainment segment net sales increased 105.3% to $103.2 million, Physical Sports & Entertainment net sales increased 101.7%, Digital Sports & Entertainment net sales increased 111.1%, Sports & Entertainment segment Adjusted EBITDA increased 373.2% to $32.0 million generating an Adjusted EBITDA margin of 31.0% compared to 13.4%, Confections segment net sales increased 11.3% to $63.5 million, Confections segment Adjusted EBITDA was $10.7 million generating an Adjusted EBITDA margin of 16.9% compared to 19.9%. In addition, the documents filed by MUDS may be obtained free of charge from MUDS by directing a request to: Mudrick Capital Acquisition Corporation II, 527 Madison Avenue, Sixth Floor, New York, New York 10022. These interdependent, cascading roles . A good mission statement is concise. Topps Physical Sports & Entertainment products include Major League Baseball, Major League Soccer, UEFA Champions League, Bundesliga, National Hockey League, Formula 1, Star Wars, WWE, Wacky Packages, Garbage Pail Kids, Mars Attacks and more. The vision statement, meanwhile, should clarify the aspirations of the organization and define the direction it's heading in. The non-GAAP measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. These include white papers, government data, original reporting, and interviews with industry experts. It attempts to succinctly explain why a company exists and what its purpose is. Join our dynamic & entrepreneurial team and be a driving force as we transform one of the most storied entertainment brands into the world leader of digital collectibles.. Why you will love it here:. Mission statement tells us about the company's objectives, goals, and how will they achieve it. PDF Mission Statements - TOPS Club These further adjustments for the periods presented in this press release include sponsor fees, transaction and refinancing costs, losses on sales of subsidiaries, foreign currency transaction costs and other non-cash, non-recurring or non-core costs. Additionally, later this year, Topps will kick off a scaled, non-exclusive program to design, manufacture and distribute trading cards showcasing current college football and basketball student . Stockholders of MUDS will also be able to obtain copies of the proxy statement and other documents filed with the SEC, without charge, once available, at the SECs website at www.sec.gov. Topshop Mission & Vision Analysis - Mission Statement Panini America, formerly Donruss Playoff, publishes sports trading cards under the names Donruss, Playoff, and Score. Prepaid expenses and other current assets, Accrued expenses and other current liabilities, Common stock, $0.01 par value; 1,000 shares authorized; 100 shares issued, Total liabilities and stockholders equity, Selling, general and administrative expenses, Interest expenses, net of interest income, Unrecognized pension and postretirement cost, net of income taxes, Adjustments to reconcile net income to net cash used in operating, Depreciation and amortization of property, plant and equipment and, Unrealized loss on derivative instruments, net. Work from home Explore work from home during COVID-19, remote work support and work-life balance. Our recent results exemplify the powerful emotional connection Topps has with a wide range of consumers and great execution by our teams. Utter a great slogan such as "Just Do It" can invoke memories, commercials, logos, brand ambassadors, and emotions through a successful ad campaign. Mission statements vary considerably from company to company. Net income for the second quarter of 2021 was $36.3 million, an increase of 176.4% compared to $13.1 million in the second quarter of 2020. Topps Digital Sports & Entertainment has connected with people around the world who have downloaded our apps including Topps BUNT, TOPPS KICK, Star Wars: Card Trader by Topps, Topps WWE SLAM, Topps NHL SKATE, Marvel Collect! First, it outlines a company's goals and position in the industry for its customers, competitors, and other stakeholders. Such forward-looking statements may include estimated financial information, including with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of MUDS, Topps or the combined company after completion of the proposed business combination, and are based on current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from expectations expressed or implied by such forward-looking statements. Read on for a breakdown of the company's mission and vision statements and its core values. Investopedia does not include all offers available in the marketplace. The difficulty of crafting such a concise statement is many parties often have ideas, and there's not room for many of them. 54 Powerful Mission Statement Examples | Indeed.com Connect with clients Customers hire companies with whom they find a connection. This compensation may impact how and where listings appear. in definitive proxy or information statements incorporated by reference in Part III of this form 10-K or any amendment of this Form 10-K. ; Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer Alternatively, a slogan is a very pointed marketing phrase used to be memorable even if it is less informative. The decrease primarily reflects a favorable impact of foreign exchange on the remeasurement of intercompany balances due to a stronger British Pound Sterling versus the US Dollar exchange rate, partially offset by higher employee-related costs in the first fiscal quarter of 2021 compared to the first fiscal quarter of 2020. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of MUDS stockholders in connection with the proposed business combination is set forth in MUDS proxy statement filed with the SEC. About The Topps CompanyFounded in 1938, The Topps Company, Inc. is a global consumer products company that entertains and delights consumers through a diverse, engaging, multi-platform product portfolio that includes physical and digital collectibles, trading cards, trading card games, sticker and album collections, memorabilia, curated experiential events, gift cards and novelty confections. Topps does not provide a non-GAAP reconciliation for its forward-looking Adjusted EBITDA, as such reconciliation would rely on market factors and certain other conditions and assumptions that are outside of the companys control. David Gorton, CPA, has 5+ years of professional experience in accounting. A mission statement is a brief but clear group of words that explains the core values of a company or organization. A slogan is a very brief, often memorable phrase that people primarily outside of your company can remember. NEW YORK, June 22, 2021 (GLOBE NEWSWIRE) -- The Topps Company, Inc. ("Topps" or "the Company"), a global leader in sports and entertainment collectibles and confections, today announced . Non-GAAP Financial Measures This press release includes certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EBITDA margin, that are not prepared in accordance with accounting principles generally accepted in the United States (GAAP). Adjusted EBITDA*, is now expected to be in the range of $155 million to $165 million, up from previous guidance of $130 million to $140 million, representing an increase of 68% to 79% over 2020 Pro Forma Adjusted EBITDA* of $92 million. After careful consideration, the Board of Directors for MUDS recommends that its stockholders vote FOR the proposed business combination. These hot rod boating enthusiasts were not to be denied. The company is led by Chief Executive Officer and Chairman of the Board of Directors, Jason Mudrick, Chief Financial Officer, Glenn Springer, Vice President, Victor Danh and Vice President, David Kirsch. The reconciliation presented above reconciles the non-GAAP financial measure Adjusted EBITDA to the GAAP financial measure net income for the thirteen weeks ended July 3, 2021 and the thirteen weeks ended July 4, 2020. In order to keep up with today's high competitive market, the quality of our product must surpass the industry standards. To provide the best community association management software solution backed by amazing customer service. Internships and graduate programs It will help keep my grades in check, helping me advance and achieve my career goals. We believe we are well positioned to capitalize on the many growth opportunities that exist for our business., Michael Eisner, Chairman of The Topps Company, commented, I am pleased with our fantastic start to 2021. A mission statement defines what line of business a company is in, and why it exists or what purpose it serves. The improvement mainly reflected a mix shift of net sales to e-commerce in Physical Sports & Entertainment and the improved profitability of Sports & Entertainment, partially offset by higher freight costs and a mix shift to higher cost products in Confections. Furthermore, the mission statement helps clarify a company's purpose. The Texas Offshore Performance Squadron (TOPPS) was formed in 1985 in Clear Lake, Texas by a small group of high performance boating enthusiasts, many of whom had graduated from hot rod lake and drag boatsnot to mention hot cars! Fanatics' trading card entity is valued at $10 billion after a $350 million round of funding last September. Companies can benefit from having a mission statement. The forward-looking statements in this press release speak as of the date of its filing. Quite simply, we produce working solutions that make sense and make a difference - now and for the future. Topps Project70 Trading Cards A mission statement is an action-oriented statement declaring the purpose an organization serves to its audience. Its sponsor is an affiliate of Mudrick Capital Management, L.P., which currently manages approximately $3.5 billion with a specialty in event-driven and special situation investing in public and private companies in North America. Suzanne is a content marketer, writer, and fact-checker. A company may solicit employees to incorporate adding its mission statement as part of a company-wide standard e-mail signature block. TOPS Mission, Vision & Values | Comparably Our Vision is to provide more than just an accounting or management application. However, it is more direct in guiding how decisions will be made and what will impact the daily culture of the organization. In general, a company's goals are often even more specific, potentially referring to specific business lines, growth percentages, geographical regions, or new initiatives. $14.99. On that beautiful summer day setting on the upper deck a discussion took place on the subject of starting a High Performance Boat Club. $14.99. 2023 Throwback Thursday Set #8 - 1960 Topps Sophomores. 8th-grade reading level. It also helps the organization focus and stay on track to make the right decisions about its future. The reconciliation presented above reconciles the non-GAAP financial measure Adjusted EBITDA to the GAAP financial measure net income for the twenty-six weeks ended July 3, 2021 and the twenty-seven weeks ended July 4, 2020. THE TOPPS COMPANY, INC. (Exact name of registrant as specified in its charter) . How To Write a Personal Mission Statement (40 Examples) First Quarter 2021 Financial ResultsNet sales increased by $59.3 million, or 55.3%, to $166.6 million for the first quarter of 2021, from $107.3 million in the first quarter of 2020, reflecting substantially higher Sports & Entertainment sales as well as an increase in Confections sales. * Features a step-by-step guide to developing your own mission statement, including a list of key words. In the examples below, some individuals may be skeptical of alternative sources of energy and may be scared away when learning of Tesla's mission statement. After the bulk of the work has been done, companies may struggle with "wordsmithing" or simply rearranging words instead of trying to generate value. 2016 Topps Star Wars Rogue One: Mission Briefing Checklist From the outside looking in, a mission statement demonstrates that a company has considered the big picture and the major goals it wants to accomplish. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Management may become too distracted with high-level targets that shorter-term, necessary steps to get there become neglected. These factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could result in the proposed business combination not being completed at all or on the expected timeline, including as a result of the termination of the definitive documentation with respect to the proposed business combination or the failure to obtain approval of MUDS stockholders or other conditions to closing in the definitive documentation with respect to the proposed business combination; (2) the outcome of any legal proceedings that may be instituted against MUDS or Topps or any of their respective directors or officers, following the announcement of the proposed business combination (3) the ability to meet applicable NASDAQ listing standards; (4) the risk that the proposed business combination disrupts current plans and operations of Topps business as a result of the announcement and consummation of the proposed business combination; (5) the inability to complete the private placement (6) changes in domestic and foreign business, market, financial, political and legal conditions; (7) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the proposed business combination; (9) changes in applicable laws or regulations; (10) the impact of the global COVID-19 pandemic on any of the foregoing risks; and (11) other risks and uncertainties indicated from time to time in the proxy statement relating to the proposed business combination, including those under Risk Factors therein, and other documents filed or to be filed with the SEC by MUDS. Although a mission statement is brief, it is longer and relatively more detailed compared to a slogan. Although. This could also include soliciting ideas or memories from employees. Last, a mission statement adds validity to an organization. 4.3 The Roles of Mission, Vision, and Values 8th-grade reading level. The unique qualities found within our company stem not only from the ideal combination of technology and quality - but from a practical insight into our customers every need.
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