Second Quarter 2021 Financial ResultsNet sales increased by $92.8 million, or 77.7%, to $212.2 million for the second quarter of 2021, from $119.5 million in the second quarter of 2020, reflecting substantially higher Sports & Entertainment and Confections sales. A company may solicit employees to incorporate adding its mission statement as part of a company-wide standard e-mail signature block. 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. This could also include soliciting ideas or memories from employees. We are excited to see our businesses perform well and look forward to building on our recent accomplishments to drive continued growth over the long-term.. If your mission statement doesn't inspire you, you need to First, outline what your company does. Time Management Systems Mission Statements. Tornante invests in, acquires, and operates media and entertainment companies. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. MUDS has scheduled a special meeting in lieu of its 2021 annual meeting of stockholders (the Special Meeting) to vote on the proposed transaction with Topps and related matters for August 25, 2021 at 10:00 a.m. 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. TOPP's Mission Statement: TOPP Industries, Inc. is committed to its customers and its product, and realizes that quality, price, and selection is its main responsibility. The company owns Topps and Portsmouth Football Club, of the English Football League, and has created critically acclaimed series such as Undone for Amazon Studios, BoJack Horseman and Tuca and Bertie for Netflix, and NOS4A2, an AMC Original Series. 8th-grade reading level. For more than a decade, the number one choice for environmental and economical solutions is TOPP Industries. Topps believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Topps financial condition and results of operations. 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. It should also be clear and inspiring. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. Cautionary Language Regarding Forward-Looking StatementsThis press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. A mission statement is a brief description of the overarching meaning of the company or nonprofit. Your mission, should you choose to accept it A mission statement should represent your purpose and reflect who you are; it should be no more than a single sentence, and it should be easily understood and easily remembered. Here are some other types of content and how they vary from a mission statement. About the Cards Quite simply, we produce working solutions that make sense and make a difference - now and for the future. The forward-looking statements in this press release speak as of the date of its filing. Suzanne is a content marketer, writer, and fact-checker. A good mission statement is concise. Claiming and updating your company profile on Zippia is free and easy. Throughout the years TOPPS has donated over $100,000 dollars to charities like the Sunshine Kids amongst others and also to the Clear Lake Chamber of Commerce for their Fourth of July Fireworks Spectacular. Consequently, having like-minded employees with similar goals makes it easier to achieve your company goals and OKRs. As a company grows, its objectives and goals may be reached, and in turn, they'll change. The definitive proxy statement and other relevant materials for the proposed business combination will be mailed to stockholders of MUDS as of June 30, 2021, the record date established for voting on the proposed business combination. A good mission statement helps everyone in the company make the right decisions. 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. Brand management is a marketing function that uses brand management techniques to increase the perceived value of a product line or brand over time. 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. 8th-grade reading level. Gary Gibson was elected TOPPS first President, Max Westerfield became TOPPS second President and the club saw a quick rise in membership throughout its first decade with members boats topping 105 in numbers. A mission statement is used by a company to explain, in simple and concise terms, its purpose(s) for being. Work with a passionate, confident and humble team. What is Topp Company Mission Statement? MUDS and Topps undertake no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Tornante invests in, acquires, and operates media and entertainment companies. For additional information visit topps.com, play.toppsapps.com, toppsdigitalservices.com, Candymania.com, investors.thetoppscompany.com. Topps believes Adjusted EBITDA is also useful in evaluating its operating performance, as it is similar to measures reported by Topps competitors and is regularly used by security analysts and investors in analyzing companies operating performance and prospects. Students' Personal Mission Statement Examples. At the end of this step, you should emerge with a curated list of your favorite words and phrases that are fitting and truly reflect your brand. A mission statement doesn't give much opportunity for a rebuttal to clarify or further explain what a company is all about. Fun office atmosphere. Furthermore, the mission statement helps clarify a company's purpose. We are looking for people with the passion, talent and focus to begin creating the highest quality mobile apps around sports properties such as MLB, NFL & NHL, and entertainment brands such as Star Wars, Marvel and Disney. A mission statement is also a perfect "elevator pitch" sentence that key members of your company should know. * A powerful collection of mission statements selected from the most successful businesses and recognizable brands in North America. Our recent results exemplify the powerful emotional connection Topps has with a wide range of consumers and great execution by our teams. Topps was acquired in October of 2007 by Madison Dearborn Partners, a private equity group, and The Tornante Company, an investment company owned by Michael Eisner, former CEO of Disney. The company owns Topps and Portsmouth Football Club, of the English Football League, and has created critically acclaimed series such as Undone for Amazon Studios, BoJack Horseman and Tuca and Bertie for Netflix, and NOS4A2, an AMC Original Series. A mission statement defines what line of business a company is in, and why it exists or what purpose it serves. Investopedia does not include all offers available in the marketplace. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. It attempts to succinctly explain why a company exists and what its purpose is. Consolidated gross margin improved 350 basis points, to 43.3% in the second quarter of 2021 from 39.8% in the second quarter of 2020. Topps Digital Services is a leading processor, distributor and program manager of prepaid gift cards and provider of cloud-based financial services and white label e-gift solutions for widely recognized digital businesses that include Airbnb, Deliveroo, DoorDash, Hulu, Instacart, Netflix, Nike, Twitch and Uber. 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 believes Adjusted EBITDA is also useful in evaluating its operating performance, as it is similar to measures reported by Topps competitors and is regularly used by security analysts and investors in analyzing companies operating performance and prospects. Utter a great slogan such as "Just Do It" can invoke memories, commercials, logos, brand ambassadors, and emotions through a successful ad campaign. It will help keep my grades in check, helping me advance and achieve my career goals. With Poker Runs now dominating the high performance offshore boating scene, TOPPS can be proud of consecutive poker runs each year. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. For example, an ethical investor against tobacco products would probably not invest in a company whose mission is to be the largest global manufacturer of cigarettes. Management may become too distracted with high-level targets that shorter-term, necessary steps to get there become neglected. Topp Company's mission statement is "We save people money so they can live better , bring inspiration and innovation to every athlete in the world.". A mission statement representing an idea aligning with an in-demand and prospective employee helps secure this individual's interest and services. To the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. A mission statement is an action-oriented statement declaring the purpose an organization serves to its audience. This compensation may impact how and where listings appear. It's often best to begin by collecting more content than needed, then later refining the mission statement into a single sentence. Fiberglass Basins, Covers and Accessories. 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! David Gorton, CPA, has 5+ years of professional experience in accounting. Because a company's mission statement is often pretty short, it is easy to incorporate into marketing material. Investopedia requires writers to use primary sources to support their work. 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. Not for profit refers to a type of organization or enterprise that does not earn profits for its owners. It demonstrates thoughtful leadership, reputability, and inspiration to potential investors, employees, or donors. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. For example, vision statement of Accenture is "To become one of the world's leading companies, bringing innovations to improve the way the world works and lives.". Topps Confections, Bazooka Candy Brands, produces, markets and distributes confections brands including Ring Pop, Push Pop, Baby Bottle Pop, Juicy Drop, Finders Keepers, and Bazooka bubble gum. The organisational employees should find it feasible and credible. About Mudrick Capital Acquisition Corporation IIMUDS is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Topps Confections, Bazooka Candy Brands, produces, markets and distributes confections brands including Ring Pop, Push Pop, Baby Bottle Pop, Juicy Drop, Finders Keepers, and Bazooka bubble gum. 2023 Throwback Thursday Star Wars Edition Set #4 - 1952 Baseball. 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. Our facility boasts over 300,000 square feet of around-the-clock manufacturing and houses an extensive inventory of lift station and wastewater components ready for immediate shipment. A mission statement does not explain what a company does or how it does it. 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). 100% Reach. About The Tornante CompanyThe Tornante Company, LLC is a privately held investment firm founded and owned by former Walt Disney Company CEO Michael Eisner. Prospective investors may also refer to the mission statement to see if the values of the company align with theirs. While it may be difficult to narrow down the focus of your company in a single statement, here are some tips to help you write a good mission statement. 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. We are looking for people with the passion, talent and focus to begin creating the highest quality mobile apps around sports properties such as MLB, NFL & NHL, and entertainment brands such as Star Wars, Marvel and Disney. There's a lot more to crafting a great vision statement than just writing a few sentences. The overall more positive outlook assumes no additional global supply chain disruptions caused by the COVID-19 pandemic. 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%.

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