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. 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 SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except share data), 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 and outstanding as of July 3, 2021 and January 2, 2021, Total liabilities and stockholders equity, TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Amounts in thousands) (unaudited), Selling, general and administrative expenses, Unrecognized pension and postretirement benefit (costs), net of income taxes, TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in thousands) (unaudited). A mission statement representing an idea aligning with an in-demand and prospective employee helps secure this individual's interest and services. The forward-looking statements in this press release speak as of the date of its filing. The non-GAAP measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. A mission statement is a declaration of what your company does and why it exists. It helps you stand out as a business, highlighting what sets you apart from the others in your industry. Rubin called Topps an iconic brand in a statement announcing the move. 70 Best Personal Mission Statement Examples - Rigorous Themes After you've drafted it, remember to look it over, edit it, and have someone else give it a once over. Non-cash and non-core losses/(gains), net. It's often best to begin by collecting more content than needed, then later refining the mission statement into a single sentence. 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. The reduction in estimated public company costs to $6 million reflects the projected timing of completing the business combination with Mudrick Capital Acquisition Corporation II (MUDS). TOPPS was a club affiliated member of ABPA (American Power Boat Racing) for many years. Maybe you value quality, customer service, or being sustainable. TOPP offers quality sewage basins, sump basins and wastewater basins made of fiberglass and polyethylene that provide answers for both budget and performance. It is not uncommon for large companies to spend many years and millions of dollars to develop and refine their mission statements. The Topps Company Announces First Quarter 2021 Results Mission statement tells us about the company's objectives, goals, and how will they achieve it. Rather, it crafted its mission statement around the possibilities it presented through its product. Fanatics Collectibles and Topps Announce Comprehensive College Trading Marina Bay Harbor Marina - Clear Lake Shores. Parents and caregivers Explore parental leave policies and other benefits, company culture and general support. A great mission statement helps your company define its direction and stay on track. One method of brainstorming ideas of a mission statement is to think about personal experiences from the company. 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. Companies can benefit from having a mission statement. 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. Prior to joining Topps, Mr. Leiner worked for Madison Dearborn Partners as an Associate, responsible for evaluating new growth equity and leverage buyout transactions globally and managing existing investments, including the Topps Company investment. This is key. Core competencies are the resources and capabilities that comprise the strategic advantages of a business. For example, Microsoft did not craft its mission statement around delivering Windows '98. Fun office atmosphere. 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. Stockholders, potential investors and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. TOPPS mission statement in part was to promote offshore racingand did it ever! What is a Mission Statement? Definition & Examples 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. 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. Mission statements serve a dual purpose by helping employees remain focused on the tasks at hand, and encouraging them to find innovative ways of moving toward increasing their productivity with the eye to achieving company goals. Panini America, Inc. Company Profile | Irving, TX | Competitors Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. ET. This message is designed for internal and external audiences; it should ignite interest in the organization as it . Topps Project70 Trading Cards 6 Best Free Mission & Vision Statement Generators in 2022 - FounderJar For example, an acceptable way to open a financial company's mission statement is with the sentence, "Our firm provides a wide range of financial solutions." 2. It also helps the organization focus and stay on track to make the right decisions about its future. The Topps Company, Inc, Net Sales Increased 55.3%Net Income Growth of $23.0 Million to $23.4 MillionAdjusted EBITDA* Growth of $23.0 Million to $35.9 MillionRaises Full Year 2021 Outlook. A companys mission statement defines its culture, values, ethics, fundamental goals, and agenda. In addition, be mindful to periodically review your mission statement. 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. MUDS stockholders and other interested persons are advised to read the definitive proxy statement and any other documents filed, in connection with MUDS solicitation of proxies for its special meeting of stockholders to be held to approve the proposed business combination and other matters, as these materials will contain important information about MUDS, Topps and the proposed business combination. 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. by Topps. OutlookFor 2021, the Company now expects net sales to be in the range of $740 million to $760 million, representing an increase of 31% to 34% over 2020 net sales of $567 million. 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.. $14.99. 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 othernon-cash,non-recurringornon-corecosts. 17 Mission and Vision Statement Examples to Follow in 2022 - Oberlo To provide the best community association management software solution backed by amazing customer service. NEW YORK, Aug. 18, 2021 (GLOBE NEWSWIRE) -- The Topps Company, Inc. (Topps or the Company), a global leader in sports and entertainment collectibles and confections, today announced financial results for the second quarter ended July 3, 2021. On that beautiful summer day setting on the upper deck a discussion took place on the subject of starting a High Performance Boat Club. NEW YORK, April 06, 2021 (GLOBE NEWSWIRE) -- The Topps Company, Inc. ("Topps" or "the Company"), a global leader in sports and entertainment collectibles and confections, and Mudrick Capital. TOPS Vision Statement. Who We Are - TOPP Industries Inc TOPPS had a small armada of very fast boats (by mid-90s standards) and became a force to be reckoned with on the Gulf of Mexico coast. The Special Meeting will be completely virtual and conducted via live webcast. These interdependent, cascading roles . The overall more positive outlook assumes no additional global supply chain disruptions caused by the COVID-19 pandemic. 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. Panini America, formerly Donruss Playoff, publishes sports trading cards under the names Donruss, Playoff, and Score. 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. TOPP Industries, Inc. is committed to its customers and its product, and realizes that quality, price, and selection is its main responsibility. While the mission statement remains unchanged for the most part and represents who the company is or aspires to be for the entirety of its existence, the vision statement can change. 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. Whether it's at a networking event, social gathering, or bus ride to work, a mission statement is an easy way to captivate a stranger's interest in your company should they ask what your company does. Claiming and updating your company profile on Zippia is free and easy. A mission statement does not explain what a company does or how it does it. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or an exemption therefrom. Topps Living Set Fine Art Print #599 - Michael Harris II. Although a mission statement is brief, it is longer and relatively more detailed compared to a slogan. A value proposition is a marketing statement that summarizes why a consumer should buy a product or use a service. Because a company's mission statement is often pretty short, it is easy to incorporate into marketing material. PDF Mission Statements - TOPS Club 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. 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. Narrow down your choices. 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. Many successful individuals, professionals, and investors have taken the time to craft a personal mission statement. While a mission statement often does not mention a specific aspect of the business, company goals are often measurable relating to departments or products so a company can track progress. History of TOPPS Clear Lake - topps.wildapricot.org Competitive compensation & benefits. Mission definition. A mission statement is used by a company to explain, in simple and concise terms, its purpose(s) for being. 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. Consequently, having like-minded employees with similar goals makes it easier to achieve your company goals and OKRs. It should be limited to one sentence, though it shouldn't be too limiting as it should encompass the entire company's purpose. 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. 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. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. Quite simply, we produce working solutions that make sense and make a difference - now and for the future. 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. Readability grade; A. Second Quarter 2021 Financial HighlightsComparison of the Thirteen Weeks Ended July 3, 2021 to the Thirteen Weeks Ended July 4, 2020, Net sales increased by $92.8 million, or 77.7%, to $212.2 million, Gross margin improved 350 basis points to 43.3%, Adjusted EBITDA* grew 144.0% to $55.1 million, Adjusted EBITDA margin* increased 710 basis points to 26.0%, Second Quarter 2021 Segment HighlightsComparison of the Thirteen Weeks Ended July 3, 2021 to the Thirteen Weeks Ended July 4, 2020, Sports & Entertainment segment net sales increased 86.5% to $151.5 million, Physical Sports & Entertainment net sales increased 87.7%, Digital Sports & Entertainment net sales increased 122.4%, Sports & Entertainment segment Adjusted EBITDA increased 137.8% to $53.6 million generating an Adjusted EBITDA margin of 35.4% compared to 27.8%, Confections segment net sales increased 58.8% to $60.7 million, Confections segment Adjusted EBITDA increased 71.1% to $11.9 million generating an Adjusted EBITDA margin of 19.6% compared to 18.2%, *Non-GAAP measure; complete definitions of Topps non-GAAP measures are provided herein under Non-GAAP Measures Disclosures., Michael Brandstaedter, Chief Executive Officer of The Topps Company stated, Our second quarter performance reflected the overall strength of our business. Although MUDS may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so whether as a result of new information, future events, changes in assumptions or otherwise except as required by applicable securities laws. Upon closing of the transaction, the combined company will be named Topps Companies, Inc. and will be listed on NASDAQ under the new ticker symbol TOPP.. OutlookFor 2021, the Company now expects net sales to be in the range of $830 million to $850 million, up from previous guidance of $740 million to $760 million, representing an increase of 46% to 50% over 2020 net sales of $567 million. A good mission statement helps everyone in the company make the right decisions. Mission statements serve several purposes, including motivating employees and reassuring investors of the company's future. A company's brand is also shaped by its mission statement. 2 to the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on May 10, 2021. 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. We also reference original research from other reputable publishers where appropriate. 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. This may be a good you produce or a service you provide to your. A company's mission statement should drive the goals that are set. Last, by publicly announcing to the world the company's mission, some people on the outside (or even the inside) may disagree with the mission. Connect with clients Customers hire companies with whom they find a connection. No Offer or SolicitationThis press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. In some cases, mission statements eventually become household phrases. 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. Tailored Brands mission statement Tailored Brands provides a personal, convenient, one-of-a-kind shopping experience with compelling products and world-class service. Fanatics acquires Topps trading cards for $500 million - CNBC The Topps Company Mission, Vision & Values | Comparably They can also represent your company's culture and philosophy through humor, emotion or shock value. A mission statement only holds value if it is shared with existing and potential customers, vendors, donors, or employees. Heritage's director of sports auctions, said in a statement . After you've approved it, you'll need to find a way to incorporate it wherever you can. 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. 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. 101 Mission Statements from Top Companies: Plus Guidelines for Writing The following definitions are provided: Adjusted EBITDA is defined as earnings before interest, income taxes and depreciation and amortization, and further adjusted to exclude the impact of certain items that are non-cash, unrelated to Topps core revenue-generating operations or that affect the comparability of Topps results from period to period. 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. Tornante invests in, acquires, and operates media and entertainment companies. 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. This includes its marketing materials, engagement in community events, reviews from current and former employees, and its logo presence. 2016 Topps Star Wars Rogue One: Mission Briefing trading cards at a glance: Packs per box: 24 Cards per pack: 8 Boxes per case: 12 Set size: 110 cards Release date: September 30, 2016 What to. Please see the reconciliation of non-GAAP financial measures to the most closely comparable GAAP measures at the end of this press release. by Topps. THE TOPPS COMPANY, INC. (Exact name of registrant as specified in its charter) . 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.. * A powerful collection of mission statements selected from the most successful businesses and recognizable brands in North America. Here are some other types of content and how they vary from a mission statement. Topps Trading Cards, Baseball Cards, Collectibles & Sports Memorabilia Topps MLB Living Set Card #599 - Michael Harris II. 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! 50 Example Nonprofit Mission Statements - Top Nonprofits by NXUnite 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. Even though a mission statement is short and concise, it may take a lot of time and money to develop. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. Roles Played by Mission and Vision. TOPS [ONE] is a platform that serves all of the stakeholders of your community association's ecosystem. 8th-grade reading level. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. What is a Mission Statement? | Example & Purpose - Video & Lesson 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. Contents 1 Company history 2 Current Main Product Lines 3 Previous Main Product Lines 4 Topps Baseball Card Sets (by Year) 5 See Also Company history The Topps Company, Inc. is a company based in New York City that manufactures candy and collectibles. Mission statements encapsulate your company's priorities and describe how you will accomplish your vision. 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. 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. 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. In the marketplace, and create a powerful connection with consumers around the world. 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.

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