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). Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. Topps believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends. It should be limited to one sentence, though it shouldn't be too limiting as it should encompass the entire company's purpose. Claiming and updating your company profile on Zippia is free and easy. When available, the definitive proxy statement and other relevant materials for the proposed business combination will be mailed to stockholders of MUDS as of the record date to be established for voting on the proposed business combination. 2023 Throwback Thursday Star Wars Edition Set #4 - 1952 Baseball. 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 arenon-cash,unrelated to Topps core revenue-generating operations or that affect the comparability of Topps results from period to period. In order to keep up with today's high competitive market, the quality of our product must surpass the industry standards. For additional information visit topps.com, play.toppsapps.com, toppsdigitalservices.com, toppsnfts.com, Candymania.com, investors.thetoppscompany.com. 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. Topps believes that this non-GAAP measure provides meaningful information to assist investors and stockholders in understanding Topps financial results and assessing its prospects for future performance, and reflects an additional way of viewing aspects of Topps operations that, when viewed with its GAAP financial measures, provides a more complete understanding of Topps business. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. To provide the best community association management software solution backed by amazing customer service. 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. 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 company's goals or business plan may be publicly disclosed or kept private/internal. A great mission statement helps your company define its direction and stay on track. A vision statement defines at what position the company wishes to be in future. This seemed like a natural progression of the high performance life where one could get out in open watersaway from it allopen up throttles and let it rip without any hassles about speed limits or loud exhausts. 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.. 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. Fun office atmosphere. In addition, be mindful to periodically review your mission statement. The non-GAAP measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the proposed business combination. After you've approved it, you'll need to find a way to incorporate it wherever you can. With Poker Runs now dominating the high performance offshore boating scene, TOPPS can be proud of consecutive poker runs each year. Quite simply, we produce working solutions that make sense and make a difference - now and for the future. Competitive compensation & benefits. When done wrong, a mission statement is just another line of jargon everyone pretty much ignores. Investopedia does not include all offers available in the marketplace. 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. 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. The vision statement, meanwhile, should clarify the aspirations of the organization and define the direction it's heading in. Topps encourages investors to review its financial statements included in the proxy statement filed by MUDS in their entirety and not to rely on any single financial measure. To set my personal life aside and focus on achieving my goals regarding my education and building a solid career for myself. In order to create a statement that's truly aspirational and inspiring, you're going to need to do a little bit of work. The overall more positive outlook assumes no additional global supply chain disruptions caused by the COVID-19 pandemic. Encourages High-Quality Output. 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. Corporate culture refers to the beliefs and behaviors that determine how a company's employees and management interact. 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 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. A mission statement is a declaration of what your company does and why it exists. Furthermore, it defines how each of these applies to the company's stakeholdersits employees, distributors, suppliers, shareholders, and the community at large. 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). 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. In short, a mission statement can serve as a roadmap of strategic planning to work toward the company's vision statement. A company's mission statement should drive the goals that are set. 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. 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. Finally, include why you do what you do in your mission statement. A good mission statement also focuses on the long-term goal it wishes to deliver to customers. 2023 Throwback Thursday Set #8 - 1960 Topps Sophomores. 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. 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. Instead of being technicalthat's not the point herethink of what values go into the core of your business. 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. The management and employees of TOPP Industries, Inc., have made it our primary concern to provide "TOPP of the Line" quality, economy, and environmentally responsible products to our customers. 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. On June 22, 2021, MUDS filed an amendment to its preliminary proxy statement which includes Topps complete First Quarter 2021 financial results. Here's our seven-step process to write a great vision statement: 1. * A powerful collection of mission statements selected from the most successful businesses and recognizable brands in North America. A brand is an suite of elements that encompasses a company's identity. With a mission statement, a company's customers and investors can rest assured that the company is fully committed to achieving its goals and maintaining its values. A mission statement is a brief description of the overarching meaning of the company or nonprofit. 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. Rubin called Topps an iconic brand in a statement announcing the move. Topps believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends. 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. Parents and caregivers Explore parental leave policies and other benefits, company culture and general support. These are key points to outline in your mission statement. 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. 8th-grade reading level. Additional Information About the Proposed Business Combination and Where to Find ItIn connection with the proposed business combination involving MUDS and Topps, MUDS filed a definitive proxy statement with the SEC on July 30, 2021 relating to the proposed business combination, which has since been supplemented. 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. 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. It also helps the organization focus and stay on track to make the right decisions about its future. A mission statement might slightly overlap other marketing content, but it is different from a vision statement, value statement, brand, or slogan. A mission statement is also a perfect "elevator pitch" sentence that key members of your company should know. 50 Excellent Nonprofit Mission Statements.
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