The Topps Company Mission, Vision & Values Are you in HR or Marketing for The Topps Company? 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. 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. 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. A mission statement is a brief but clear group of words that explains the core values of a company or organization. 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. First, it outlines a company's goals and position in the industry for its customers, competitors, and other stakeholders. 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. Consequently, having like-minded employees with similar goals makes it easier to achieve your company goals and OKRs. A good mission statement should have the following characteristics : 1) Feasibility : A good mission statement should always be a wide-ranging goal, but it should also be achievable. Simply put, it is a short, action statement that tells a . These interdependent, cascading roles . 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. 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. 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 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. The forward-looking statements in this press release speak as of the date of its filing. 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. Mission statements serve several purposes, including motivating employees and reassuring investors of the company's future. 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. 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. You can learn more about the standards we follow in producing accurate, unbiased content in our. 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. 2016 Topps Star Wars Rogue One: Mission Briefing Checklist Mission statements may sometimes be very lofty and far too unrealistic, which can distract employees from the company's goals. 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. 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. Raises Full Year 2021 OutlookNet Sales Increased 77.7% to $212.2 Million Net Income Increased 176.4% to $36.3 MillionAdjusted EBITDA* Increased 144.0% to $55.1 Million. 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. Copyright 2023 TOPP Industries Inc, All rights reserved. Topshop Mission & Vision Analysis - Mission Statement $19.99. 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. A value proposition is a marketing statement that summarizes why a consumer should buy a product or use a service. All of your company's strategic steps should align with its mission. To provide the best community association management software solution backed by amazing customer service. These factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could result in the proposed business combination not being completed at all or on the expected timeline, including as a result of the termination of the definitive documentation with respect to the proposed business combination or the failure to obtain approval of MUDS stockholders or other conditions to closing in the definitive documentation with respect to the proposed business combination; (2) the outcome of any legal proceedings that may be instituted against MUDS or Topps or any of their respective directors or officers, following the announcement of the proposed business combination (3) the ability to meet applicable NASDAQ listing standards; (4) the risk that the proposed business combination disrupts current plans and operations of Topps business as a result of the announcement and consummation of the proposed business combination; (5) the inability to complete the private placement (6) changes in domestic and foreign business, market, financial, political and legal conditions; (7) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the proposed business combination; (9) changes in applicable laws or regulations; (10) the impact of the global COVID-19 pandemic on any of the foregoing risks; and (11) other risks and uncertainties indicated from time to time in the proxy statement relating to the proposed business combination, including those under Risk Factors therein, and other documents filed or to be filed with the SEC by MUDS. 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 slogan is a very brief, often memorable phrase that people primarily outside of your company can remember. Parents and caregivers Explore parental leave policies and other benefits, company culture and general support. The Topps Company, Iconic Leader in Sports & Entertainment - Yahoo! 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.". 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). 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. 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. Long range vision has been the driving force behind the success to TOPP Industries. Now seven decades later, artists and creatives around the globe are revisiting and reimagining 70 years of iconic baseball card designs, each selecting their own MLB players and Topps designs to craft a unique story. 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. The statement reveals what the company does, how it does it, and why it does it. 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. The Topps Company Mission, Vision & Values | Comparably Last, a mission statement adds validity to an organization. They can also represent your company's culture and philosophy through humor, emotion or shock value. 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. by Topps. 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. 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 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. Although. Investopedia requires writers to use primary sources to support their work. A mission statement does not explain what a company does or how it does it. 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 statement is generally short, either a single sentence or a short paragraph. 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. These statements serve a dual purpose . ET. 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. Next, describe the way in which your company does what it does. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. Prospective investors may also refer to the mission statement to see if the values of the company align with theirs. We also reference original research from other reputable publishers where appropriate. Read on for a breakdown of the company's mission and vision statements and its core values. This compensation may impact how and where listings appear. 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. Panini America, Inc. Company Profile | Irving, TX | Competitors 27 Mission and Vision Statement Examples That Will Inspire - HubSpot 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. 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. Core competencies are the resources and capabilities that comprise the strategic advantages of a business. A mission statement only holds value if it is shared with existing and potential customers, vendors, donors, or employees. A companys mission is its identity, and its vision is its journey to accomplishing its mission. Readability grade; A. It should also be clear and inspiring. You can find more information about MUDS directors and executive officers in MUDS Amendment No. 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. 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. History of TOPPS Clear Lake - topps.wildapricot.org It should be limited to one sentence, though it shouldn't be too limiting as it should encompass the entire company's purpose. This message is designed for internal and external audiences; it should ignite interest in the organization as it . 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. 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! 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. Mission definition. In addition, the documents filed by MUDS may be obtained free of charge from MUDS by directing a request to: Mudrick Capital Acquisition Corporation II, 527 Madison Avenue, Sixth Floor, New York, New York 10022. About the Cards The mission statement defines what an organization does and includes tangible goals which the organization strives to accomplish. Mission statement examples: 16 of the best to inspire you 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 short, a mission statement can serve as a roadmap of strategic planning to work toward the company's vision statement. 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. 2020 Pro Forma Adjusted EBITDA* and 2021 Adjusted EBITDA* include estimated public company costs of $9 million. 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. Suzanne is a content marketer, writer, and fact-checker. This is key. These hot rod boating enthusiasts were not to be denied. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. Instead of focusing directly on the narrow business element of your company, embrace the broader aspect. To set my personal life aside and focus on achieving my goals regarding my education and building a solid career for myself. Mission Statement - Meaning, Features, Components, Benefits - Top4u In addition, the documents filed by MUDS may be obtained free of charge from MUDS by directing a request to: Mudrick Capital Acquisition Corporation II, 527 Madison Avenue, Sixth Floor, New York, New York 10022. These factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could result in the proposed business combination not being completed at all or on the expected timeline, including as a result of the termination of the definitive documentation with respect to the proposed business combination or the failure to obtain approval of MUDS stockholders or other conditions to closing in the definitive documentation with respect to the proposed business combination; (2) the outcome of any legal proceedings that may be instituted against MUDS or Topps or any of their respective directors or officers, following the announcement of the proposed business combination (3) the ability to meet applicable NASDAQ listing standards; (4) the risk that the proposed business combination disrupts current plans and operations of Topps business as a result of the announcement and consummation of the proposed business combination; (5) the inability to complete the private placement (6) changes in domestic and foreign business, market, financial, political and legal conditions; (7) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the proposed business combination; (9) changes in applicable laws or regulations; (10) the impact of the global COVID-19 pandemic on any of the foregoing risks; and (11) other risks and uncertainties indicated from time to time in the proxy statement relating to the proposed business combination, including those under Risk Factors therein, and other documents filed or to be filed with the SEC by MUDS. A good mission statement also focuses on the long-term goal it wishes to deliver to customers. After the bulk of the work has been done, companies may struggle with "wordsmithing" or simply rearranging words instead of trying to generate value. *Too short for readability grading, but clearly easy to understand. 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. 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. 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). The resources spent on a bad mission statement could be better spent elsewhere, creating an opportunity loss. A personal mission statement can help you identify your values and goals, defining what matters most to you professionally. 29. It often includes a general description of the organization, its function, and its objectives. 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. 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. $14.99. It attempts to succinctly explain why a company exists and what its purpose is. A company's value statement is also centered around a company's core principles and philosophy. 2023 Throwback Thursday Set #8 - 1960 Topps Sophomores. *Non-GAAP measure; complete definitions of Topps non-GAAP measures are provided herein under Non-GAAP Financial Measures.. 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. This may be a good you produce or a service you provide to your. 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.. Companies can benefit from having a mission statement. A mission statement defines what line of business a company is in, and why it exists or what purpose it serves. 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. Once a mission statement is crafted, it's up to the company to make it publicly known. He teaches accounting, helping promote financial education and awareness. A mission statement representing an idea aligning with an in-demand and prospective employee helps secure this individual's interest and services. Mission statement tells us about the company's objectives, goals, and how will they achieve it. 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. 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. In addition, be mindful to periodically review your mission statement.
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