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. 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. 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. 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. Finally, include why you do what you do in your mission statement. In the marketplace, and create a powerful connection with consumers around the world. 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. How To Write a Vision Statement: Steps & Examples Asana 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. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be included in MUDS preliminary and definitive proxy statement when it becomes available. Instead of being technicalthat's not the point herethink of what values go into the core of your business. 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. The resources spent on a bad mission statement could be better spent elsewhere, creating an opportunity loss. PDF Mission Statements - TOPS Club $19.99. In addition, it can also be used in marketing documents. To craft a mission statement, consider how your company impacts customers, donors, investors, or your community and why you strive to help these parties. 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. Mission statements serve several purposes, including motivating employees and reassuring investors of the company's future. Alternatively, you may foster creativity and innovation in your business. In order to keep up with today's high competitive market, the quality of our product must surpass the industry standards. One summer weekend day, approximately 12 captains with their boats and crews headed to Galveston, Texas from Clear Lake cruised into Offatts Bayou and stopped at a great watering hole known as the Seabreeze Restaurant and Bar. 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). 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. Additional information regarding MUDS may be found at: www.MudrickCapitalAcquisitionCorp.com. 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. On that beautiful summer day setting on the upper deck a discussion took place on the subject of starting a High Performance Boat Club. In order to keep up with today's high competitive market, the quality of our product must surpass the industry standards. 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. Competitive compensation & benefits. Copyright 2023 TOPP Industries Inc, All rights reserved. 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. It will help keep my grades in check, helping me advance and achieve my career goals. 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. A personal mission statement can help you identify your values and goals, defining what matters most to you professionally. Many successful individuals, professionals, and investors have taken the time to craft a personal mission statement. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. 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 . 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. 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 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, Cash and cash equivalents beginning of period, Cash and cash equivalents end of period. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Mission statements encapsulate your company's priorities and describe how you will accomplish your vision. You can learn more about the standards we follow in producing accurate, unbiased content in our. To set my personal life aside and focus on achieving my goals regarding my education and building a solid career for myself. 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 financial results for the first quarter ended April 3, 2021. Our Vision is to provide more than just an accounting or management application. Long range vision has been the driving force behind the success to TOPP Industries. Remember to keep the mission statement short and to the point. 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. 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%. Mission and values at Topps | Indeed.com There's a lot more to crafting a great vision statement than just writing a few sentences. A good mission statement helps everyone in the company make the right decisions. A mission statement is an action-oriented statement declaring the purpose an organization serves to its audience. 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. 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. PDF March 3 2007 Form 10-K - SEC TOPPS mission statement in part was to promote offshore racingand did it ever! Consolidated gross margin improved 200 basis points, to 39.4% in the first quarter of 2021 from 37.4% in the first quarter of 2020. Stockholders, potential investors and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. Management - uk.topps.com Work with a passionate, confident and humble team. 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. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. 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. Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. A good mission statement also focuses on the long-term goal it wishes to deliver to customers. THE TOPPS COMPANY, INC. (Exact name of registrant as specified in its charter) . The overall more positive outlook assumes no additional global supply chain disruptions caused by the COVID-19 pandemic. Monterey Bay Aquarium: To inspire conservation of the oceans. 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. Mission Statement Generator & Examples | HoneyBook 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 following examples are the mission statements of some of the trending companies as of 2022: A mission statement is often confused or grouped with other types of organizational statements.