Additional information regarding MUDS may be found at: www.MudrickCapitalAcquisitionCorp.com. 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. 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.". 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. You can find more information about MUDS directors and executive officers in MUDS Amendment No. 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. It is also useful to guide and motivate employees, keeping them in line with the company's values. 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.. 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. 2023 Throwback Thursday Star Wars Edition Set #4 - 1952 Baseball. The resources spent on a bad mission statement could be better spent elsewhere, creating an opportunity loss. 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. TOPPS was also very instrumental in organizing and staffing many national offshore races, including race sites in Galveston, Corpus Christi, South Padre Island, Biloxi, New Orleans, and Key West. 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. Industry: Toys and games , Playing cards , Social stationery and greeting cards , Albums, scrapbooks and binders , Candy and other confectionery products See All Industries Printer Friendly View Address: 1 Whitehall St New York, NY, 10004-3612 United States See other locations Phone: Website: www.topps.com Employees (this site): Actual 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. * Jeffrey Abrahams's THE MISSION STATEMENT BOOK was hailed by the Washington Post as a landmark volume. by Topps and Disney Collect! 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. 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). 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. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. 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. 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. Suzanne is a content marketer, writer, and fact-checker. It will help keep my grades in check, helping me advance and achieve my career goals. 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. A company's brand is also shaped by its mission statement. Remember to keep the mission statement short and to the point. 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.. 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. When available, these documents can be obtained free of charge from the sources indicated above. 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. The statement is generally short, either a single sentence or a short paragraph. These interdependent, cascading roles . 04. . Brand management is a marketing function that uses brand management techniques to increase the perceived value of a product line or brand over time. It's often best to begin by collecting more content than needed, then later refining the mission statement into a single sentence. We generated notable outperformance in our Sports & Entertainment segment combined with very solid top line expansion in our Confections segment. Competitive compensation & benefits. The Special Meeting will be completely virtual and conducted via live webcast. It is best known as a leading producer of baseball cards and other sports-related trading cards. A companys mission statement defines its culture, values, ethics, fundamental goals, and agenda. Roles Played by Mission and Vision. 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. Furthermore, it defines how each of these applies to the company's stakeholdersits employees, distributors, suppliers, shareholders, and the community at large. Because a company's mission statement is often pretty short, it is easy to incorporate into marketing material. 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. 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. 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. A club name, logo, set of bylaws, and the election of officers soon followed. The latter outlines what the company needs to do to remain the way it has presented itself to be. After the bulk of the work has been done, companies may struggle with "wordsmithing" or simply rearranging words instead of trying to generate value. 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. A mission statement is used by a company to explain, in simple and concise terms, its purpose(s) for being. Non-cash and non-core losses/(gains), net. Adjusted EBITDA*, is now expected to be in the range of $155 million to $165 million, up from previous guidance of $130 million to $140 million, representing an increase of 68% to 79% over 2020 Pro Forma Adjusted EBITDA* of $92 million. 50 Excellent Nonprofit Mission Statements. 2020 Pro Forma Adjusted EBITDA* and 2021 Adjusted EBITDA* include estimated public company costs of $9 million. 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). 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. The reconciliation presented above reconciles the non-GAAP financial measure Adjusted EBITDA to the GAAP financial measure net income for the thirteen weeks ended July 3, 2021 and the thirteen weeks ended July 4, 2020. 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 Simply put, it is a short, action statement that tells a . The forward-looking statements in this press release speak as of the date of its filing. 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. Investopedia requires writers to use primary sources to support their work. 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. Consequently, having like-minded employees with similar goals makes it easier to achieve your company goals and OKRs. Mission statements vary considerably from company to company. A great mission statement helps your company define its direction and stay on track. It helps you stand out as a business, highlighting what sets you apart from the others in your industry. 03. 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. You are comfortable working in the fast-paced, dynamic environment of sports/pop culture marketing and e-commerce. This compensation may impact how and where listings appear. There are drawbacks to having a mission statement. 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. In order to keep up with today's high competitive market, the quality of our product must surpass the industry standards. * Features a step-by-step guide to developing your own mission statement, including a list of key words. This could also include soliciting ideas or memories from employees. Identify important stakeholders. 8th-grade reading level. 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. 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. Whereas a mission statement describes the highest level of purpose, a vision statement starts to describe how that purpose will be achieved. 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. In general, the mission statement writing process should start with considering what a business does for the customers, employees, and general public. Although. 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 wrong, a mission statement is just another line of jargon everyone pretty much ignores. It should be limited to one sentence, though it shouldn't be too limiting as it should encompass the entire company's purpose. 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. However, it is more direct in guiding how decisions will be made and what will impact the daily culture of the organization. You can find more information about MUDS directors and executive officers in MUDS Amendment No. The mission statement defines what an organization does and includes tangible goals which the organization strives to accomplish. Our recent results exemplify the powerful emotional connection Topps has with a wide range of consumers and great execution by our teams. Next, describe the way in which your company does what it does. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. 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. 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. Adjusted EBITDA* in the second quarter of 2021 increased 144.0% to $55.1 million with an Adjusted EBITDA* margin of 26.0% compared to Adjusted EBITDA* of $22.6 million with an Adjusted EBITDA* margin of 18.9% in the second quarter of 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. Alternatively, you may foster creativity and innovation in your business. *Non-GAAP measure; complete definitions of Topps non-GAAP measures are provided herein under Non-GAAP Financial Measures.. One method of brainstorming ideas of a mission statement is to think about personal experiences from the company. If your mission statement doesn't inspire you, you need to 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. These entities can use this statement to align their goals with that of the company. 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. There's a lot more to crafting a great vision statement than just writing a few sentences. 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. A value proposition is a marketing statement that summarizes why a consumer should buy a product or use a service. Participants in the SolicitationMUDS, Topps and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from MUDS stockholders in connection with the proposed business combination. | Source: 2020 Pro Forma Adjusted EBITDA* and 2021 Adjusted EBITDA* include estimated public company costs of $9 million and $6 million, respectively. A good mission statement helps everyone in the company make the right decisions. Even though a mission statement is short and concise, it may take a lot of time and money to develop. by Topps. 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). Instead of being technicalthat's not the point herethink of what values go into the core of your business. 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. Maybe you value quality, customer service, or being sustainable. Fiberglass Basins, Covers and Accessories. 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. It also helps the organization focus and stay on track to make the right decisions about its future. 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. 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. For more than a decade, the number one choice for environmental and economical solutions is TOPP Industries. 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. 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. 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. Management may become too distracted with high-level targets that shorter-term, necessary steps to get there become neglected. Work from home Explore work from home during COVID-19, remote work support and work-life balance. For additional information visit topps.com, play.toppsapps.com, toppsdigitalservices.com, Candymania.com, investors.thetoppscompany.com. Please see the reconciliation of non-GAAP financial measures to the most closely comparable GAAP measures at the end of this press release. 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. 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. David Gorton, CPA, has 5+ years of professional experience in accounting. With Poker Runs now dominating the high performance offshore boating scene, TOPPS can be proud of consecutive poker runs each year. A reconciliation between the GAAP and non-GAAP measures is provided at the end of this press release. Readability grade; A. 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. First, outline what your company does. Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. It should not be an impossible statement. Fanatics' trading card entity is valued at $10 billion after a $350 million round of funding last September. The statement reveals what the company does, how it does it, and why it does it. The non-GAAP measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. 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! These hot rod boating enthusiasts were not to be denied. 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. Tornante invests in, acquires, and operates media and entertainment companies. $14.99. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. 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 . These are key points to outline in your mission statement. A company should take as long as it needs to craft the right statement to describe its mission. 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 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. Once a mission statement is crafted, it's up to the company to make it publicly known. 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 income for the first quarter of 2021 was $23.4 million compared to $0.4 million in the first quarter of 2020. To put my studies first, above everything else. June 22, 2021 07:00 ET A companys mission statement differs from its vision statement. Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. In addition, it can also be used in marketing documents. *Too short for readability grading, but clearly easy to understand. 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 Monterey Bay Aquarium: To inspire conservation of the oceans. All of your company's strategic steps should align with its mission. 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. In some cases, mission statements eventually become household phrases. A mission statement should always be found somewhere on a company's website. A personal mission statement can help you identify your values and goals, defining what matters most to you professionally. These include white papers, government data, original reporting, and interviews with industry experts. At the end of this step, you should emerge with a curated list of your favorite words and phrases that are fitting and truly reflect your brand. Fun office atmosphere. 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. 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. 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. 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.

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