PDF March 3 2007 Form 10-K - SEC The Topps Company Inc Company Profile | New York, NY | Competitors 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. Net income for the first quarter of 2021 was $23.4 million compared to $0.4 million in the first quarter of 2020. This message is designed for internal and external audiences; it should ignite interest in the organization as it . Many successful individuals, professionals, and investors have taken the time to craft a personal mission statement. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. Time Management Systems Mission Statements. Not for profit refers to a type of organization or enterprise that does not earn profits for its owners. Topps Living Set Fine Art Print #599 - Michael Harris II. 8th-grade reading level. Work with a passionate, confident and humble team. A mission statement isn't meant to necessarily be catchy; it's meant to be informative and useful for guiding high-level decisions. 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. Adjusted EBITDA*, is now expected to be in the range of $130 million to $140 million, representing an increase of 41% to 52% over 2020 Pro Forma Adjusted EBITDA* of $92 million. *Non-GAAP measure; complete definitions of Topps non-GAAP measures are provided herein under Non-GAAP Financial Measures.. TOPS [ONE] is a platform that serves all of the stakeholders of your community association's ecosystem. These are key points to outline in your mission statement. Adjusted EBITDA* in the first quarter of 2021 increased 178.0% to $35.9 million with an Adjusted EBITDA* margin of 21.5% compared to Adjusted EBITDA* of $12.9 million with an Adjusted EBITDA* margin of 12.0% in the first quarter of 2020. Business Combination On May 12, 2021, Mudrick Capital Acquisition Corporation II (MUDS) (NASDAQ: MUDS), a publicly-traded special purpose acquisition company, filed its preliminary proxy statement with the Securities and Exchange Commission (the SEC) in connection with its proposed business combination with The Topps Company. The Topps Company, Inc. is a company based in New York City that manufactures candy and collectibles. 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. Read on for a breakdown of the company's mission and vision statements and its core values. Founded in 1938 as a chewing gum company, Topps released their first baseball card set in 1951. The Topps Company, Iconic Leader in Sports & Entertainment - Yahoo! 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.. 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 How To Write a Personal Mission Statement (40 Examples) 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. The Topps Company Raises 2021 Outlook and Announces Second Quarter 2021 TOPPS members are extremely proud of the fact that they did not receive any compensation for themselves or their boats in volunteering as Medical, Patrol, Rescue and Turn boat personnel and the many members who spent countless hours of their expertise and knowledge on the Officiating and Administration of these races. Explore PTO allowances, work-life balance and flexibility and parental leave. TOPS Mission Statement. These interdependent, cascading roles . 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. The latter outlines what the company needs to do to remain the way it has presented itself to be. Once a mission statement is crafted, it's up to the company to make it publicly known. by Topps and Disney Collect! 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 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 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. Topshop Mission & Vision Analysis - Mission Statement The increase was primarily due to higher employee-related costs in the second fiscal quarter of 2021 compared to the second fiscal quarter of 2020, which had lower marketing and employee-related costs primarily due to cost reductions associated with the COVID-19 pandemic. You can learn more about the standards we follow in producing accurate, unbiased content in our. A company should take as long as it needs to craft the right statement to describe its mission. Non-cash and non-core losses/(gains), net. 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. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. It makes decision-making easier as well, as it clarifies whether the decisions you're making are in alignment with what you want for your life. A company's brand is also shaped by its mission statement. What is a Mission Statement? Definition & Examples The forward-looking statements in this press release speak as of the date of its filing. Because a company's mission statement is often pretty short, it is easy to incorporate into marketing material. Claim This Page Mission, Vision & Values at Similar Size Companieson Comparably Collective Health 201-500 Employees Blend 201-500 Employees 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. Parents and caregivers Explore parental leave policies and other benefits, company culture and general support. Mission statements may sometimes be very lofty and far too unrealistic, which can distract employees from the company's goals. It is not uncommon for large companies to spend many years and millions of dollars to develop and refine their mission statements. 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. June 22, 2021 07:00 ET History of TOPPS Clear Lake - topps.wildapricot.org A companys mission is its identity, and its vision is its journey to accomplishing its mission. 54 Powerful Mission Statement Examples | Indeed.com Fun office atmosphere. Roles Played by Mission and Vision. 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. Please see the reconciliation of non-GAAP financial measures to the most closely comparable GAAP measures at the end of this press release. 03. 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. About the Cards 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." Working At Related Companies Related Company Jobs New York Updated March 1, 2023 The Topps Company Mission, Vision & Values Are you in HR or Marketing for The Topps Company? Your organization should refer to your mission statement often as you: Fanatics acquires Topps trading cards for $500 million - CNBC Maybe you value quality, customer service, or being sustainable. 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. 17 Mission and Vision Statement Examples to Follow in 2022 - Oberlo TOPP offers quality sewage basins, sump basins and wastewater basins made of fiberglass and polyethylene that provide answers for both budget and performance. How to Write a Mission Statement in 5 Steps - with Examples - Wix Blog These hot rod boating enthusiasts were not to be denied. 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. 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. 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. (6) Grade B. Stockholders, potential investors and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. 27 Mission and Vision Statement Examples That Will Inspire - HubSpot 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. *Too short for readability grading, but clearly easy to understand. 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). 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. Other members who also raced include Jack Carmody, Craig Edwards, Grant Greytok and Loyd Thornton just to name a few. Encourages High-Quality Output. The statement is generally short, either a single sentence or a short paragraph. Mission statements aren't just for small or large companies. Furthermore, the mission statement helps clarify a company's purpose. In order to keep up with today's high competitive market, the quality of our product must surpass the industry standards. TOPPS mission statement in part was to promote offshore racingand did it ever! If your mission statement doesn't inspire you, you need to 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. 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. Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. A mission statement is used by a company to explain, in simple and concise terms, its purpose(s) for being. For example, Microsoft did not craft its mission statement around delivering Windows '98. 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. Mission Statement Explained: How It Works and Examples - Investopedia 04. 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. Internships and graduate programs 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. Mission Statement Generator & Examples | HoneyBook by Topps. Consequently, having like-minded employees with similar goals makes it easier to achieve your company goals and OKRs. 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. Although a mission statement is brief, it is longer and relatively more detailed compared to a slogan. A mission statement does not explain what a company does or how it does it. $14.99. by Topps. This includes its marketing materials, engagement in community events, reviews from current and former employees, and its logo presence. It is usually one sentence or a short paragraph, explaining a company's culture, values, and ethics. 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. 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. First Quarter 2021 Financial HighlightsComparison of the Thirteen Weeks Ended April 3, 2021 to the Fourteen Weeks Ended April 4, 2020, First Quarter 2021 Segment HighlightsComparison of the Thirteen Weeks Ended April 3, 2021 to the Fourteen Weeks Ended April 4, 2020, *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, Fiscal 2021 is off to a great start. A mission statement is also a perfect "elevator pitch" sentence that key members of your company should know. It demonstrates thoughtful leadership, reputability, and inspiration to potential investors, employees, or donors. It should not be an impossible statement. 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 . TOPS Mission, Vision & Values | Comparably This, in turn, helps an individual maintain a healthy work/life balance that increases their personal achievement in all of these areas. To set my personal life aside and focus on achieving my goals regarding my education and building a solid career for myself. 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. 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. About The Tornante CompanyThe Tornante Company, LLC is a privately held investment firm founded and owned by former Walt Disney Company CEO Michael Eisner. In addition, it can also be used in marketing documents. Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of property, plant and equipment and intangible assets, Unrealized loss on derivative instruments, net. 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. In order to keep up with today's high competitive market, the quality of our product must surpass the industry standards. Long range vision has been the driving force behind the success to TOPP Industries. Mission and vision statements play three critical roles: (1) communicate the purpose of the organization to stakeholders, (2) inform strategy development, and (3) develop the measurable goals and objectives by which to gauge the success of the organization's strategy. When done right, your company's mission statement acts as a powerful driver that informs every aspect of your organization, from daily operations, to customer loyalty, to employee satisfaction. Here are some other types of content and how they vary from a mission statement. It should also be clear and inspiring. These documents can be obtained free of charge from the sources indicated above. 2023 Throwback Thursday Set #8 - 1960 Topps Sophomores. 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. 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! TOPP Industries, Inc. is committed to its customers and its product, and realizes that quality, price, and selection is its main responsibility. 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. 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). These include white papers, government data, original reporting, and interviews with industry experts. A company's goals or business plan may be publicly disclosed or kept private/internal. It's often best to begin by collecting more content than needed, then later refining the mission statement into a single sentence. 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. Mission statements serve several purposes, including motivating employees and reassuring investors of the company's future. A personal mission statement can help you identify your values and goals, defining what matters most to you professionally. 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. A good mission statement is concise. Heritage's director of sports auctions, said in a statement . . The non-GAAP measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. PDF Mission Statements - TOPS Club 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. 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 preliminary proxy statement with the SEC on May 12, 2021 relating to the proposed business combination, which has since been amended. 2020 Pro Forma Adjusted EBITDA* and 2021 Adjusted EBITDA* include estimated public company costs of $9 million. For more than a decade, the number one choice for environmental and economical solutions is TOPP Industries. 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. 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 offers that appear in this table are from partnerships from which Investopedia receives compensation. One method of brainstorming ideas of a mission statement is to think about personal experiences from the company. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. Fun office atmosphere. Management may become too distracted with high-level targets that shorter-term, necessary steps to get there become neglected. Corporate culture refers to the beliefs and behaviors that determine how a company's employees and management interact. 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. A reconciliation between the GAAP and non-GAAP measures is provided at the end of this press release. Our recent results exemplify the powerful emotional connection Topps has with a wide range of consumers and great execution by our teams.
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