topps mission statement

After the bulk of the work has been done, companies may struggle with "wordsmithing" or simply rearranging words instead of trying to generate value. A company's brand is also shaped by its mission statement. Many successful individuals, professionals, and investors have taken the time to craft a personal mission statement. A reconciliation between the GAAP and non-GAAP measures is provided at the end of this press release. In effect, a companys mission is its identity, and the vision is its journey to accomplishing its mission. 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. Rubin called Topps an iconic brand in a statement announcing the move. 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. Although a mission statement is brief, it is longer and relatively more detailed compared to a slogan. The organisational employees should find it feasible and credible. These hot rod boating enthusiasts were not to be denied. 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. 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. Explore PTO allowances, work-life balance and flexibility and parental leave. 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 resources spent on a bad mission statement could be better spent elsewhere, creating an opportunity loss. A reconciliation between the GAAP and non-GAAP measures is provided at the end of this press release. A mission statement doesn't give much opportunity for a rebuttal to clarify or further explain what a company is all about. 2020 Pro Forma Adjusted EBITDA* and 2021 Adjusted EBITDA* include estimated public company costs of $9 million and $6 million, respectively. 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. All of your company's strategic steps should align with its mission. The difficulty of crafting such a concise statement is many parties often have ideas, and there's not room for many of them. MUDS stockholders and other interested persons are advised to read, the preliminary proxy statement, any amendments thereto, and, when available, 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. 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. 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. 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. A mission statement is a declaration of what your company does and why it exists. There are drawbacks to having a mission statement. Microsoft's mission statement is: "Our mission is to empower every person and every organization on the planet to achieve more.". 2023 Throwback Thursday Star Wars Edition Set #4 - 1952 Baseball. After you've drafted it, remember to look it over, edit it, and have someone else give it a once over. 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. $14.99. 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. 8th-grade reading level. The mission statement defines what an organization does and includes tangible goals which the organization strives to accomplish. 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. 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. First, outline what your company does. While a mission statement often does not mention a specific aspect of the business, company goals are often measurable relating to departments or products so a company can track progress. TOPP Industries, Inc. is committed to its customers and its product, and realizes that quality, price, and selection is its main responsibility. Mission statements serve several purposes, including motivating employees and reassuring investors of the company's future. A value statement often includes actionable direction such as "taking ownership", "acting ethically", "doing what is right", or "being transparent." 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. 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. Topshop mission and vision statements help define what the company is working towards and how it remains to be one of the most successful companies in the world. 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. A companys mission statement differs from its vision statement. 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. 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. 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). (6) Grade B. 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. You are comfortable working in the fast-paced, dynamic environment of sports/pop culture marketing and e-commerce. The Topps Company Mission, Vision & Values Are you in HR or Marketing for The Topps Company? *Non-GAAP measure; complete definitions of Topps non-GAAP measures are provided herein under Non-GAAP Financial Measures.. Topps Living Set Fine Art Print #599 - Michael Harris II. A mission statement is an action-oriented statement declaring the purpose an organization serves to its audience. 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. 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. The statement reveals what the company does, how it does it, and why it does it. In addition, it can also be used in marketing documents. Internships and graduate programs 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. Fun office atmosphere. A 1952 Topps Mikey Mantle card with a 9.5 grade more than doubled the all-time record for a sports card, selling for $12.6 million. Not for profit refers to a type of organization or enterprise that does not earn profits for its owners. The forward-looking statements in this press release speak as of the date of its filing. 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. The 3 Pillars of Corporate Sustainability, Ethical Standards You Should Expect From a Financial Advisor, 7 Popular Marketing Techniques for Small Businesses, 10 Phrases You Should Ban From Your Resume, Advantages and Disadvantages of Mission Statements, Core Competencies in Business: Finding a Competitive Advantage, Value Proposition: How to Write It With Examples, Corporate Culture Definition, Characteristics, and Importance, What Is Brand Management? A company should take as long as it needs to craft the right statement to describe its mission. 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. 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. 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. 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. 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. by Topps and Disney Collect! $14.99. Mission statements may sometimes be very lofty and far too unrealistic, which can distract employees from the company's goals. Whereas a mission statement describes the highest level of purpose, a vision statement starts to describe how that purpose will be achieved. Although. 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. 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. Business Combination On July 30, 2021, MUDS (NASDAQ: MUDS), a publicly-traded special purpose acquisition company, filed a definitive proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission (SEC) in connection with the proposed business combination between MUDS and Topps. * Jeffrey Abrahams's THE MISSION STATEMENT BOOK was hailed by the Washington Post as a landmark volume. 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. What is Topp Company 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. 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. 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. 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. Here are some other types of content and how they vary from a mission statement. 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. 04. 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. 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. Every company should have a precise statement of purpose that gets people excited about what the company does and motivates them to become part of the organization. Suzanne is a content marketer, writer, and fact-checker. Parents and caregivers Explore parental leave policies and other benefits, company culture and general support. A company's goals or business plan may be publicly disclosed or kept private/internal. 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. In general, the mission statement writing process should start with considering what a business does for the customers, employees, and general public. $19.99. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. Mission definition. In addition, be mindful to periodically review your mission statement. 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.. Why you will love it here:. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is included in MUDS definitive proxy statement. 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.. For example, Microsoft did not craft its mission statement around delivering Windows '98. A mission statement representing an idea aligning with an in-demand and prospective employee helps secure this individual's interest and services. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies for financial brands. Fiberglass Basins, Covers and Accessories. 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. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. 100% Reach. Marina Bay Harbor Marina - Clear Lake Shores. 4. Brand management is a marketing function that uses brand management techniques to increase the perceived value of a product line or brand over time. 8th-grade reading level. We generated notable outperformance in our Sports & Entertainment segment combined with very solid top line expansion in our Confections segment. 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 will be set forth in MUDS proxy statement when it is filed with the SEC. You can learn more about the standards we follow in producing accurate, unbiased content in our. 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 the examples below, some individuals may be skeptical of alternative sources of energy and may be scared away when learning of Tesla's mission statement. 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. 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. It is also useful to guide and motivate employees, keeping them in line with the company's values. It attempts to succinctly explain why a company exists and what its purpose is. A mission statement might slightly overlap other marketing content, but it is different from a vision statement, value statement, brand, or slogan. 2020 Pro Forma Adjusted EBITDA* and 2021 Adjusted EBITDA* include estimated public company costs of $9 million. Stockholders, potential investors and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. 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. Founded in 1938 as a chewing gum company, Topps released their first baseball card set in 1951. 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. *Too short for readability grading, but clearly easy to understand. The improvement mainly reflects 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 for both Sports & Entertainment and Confections. 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 TOPS [ONE] is a platform that serves all of the stakeholders of your community association's ecosystem. TOPS Mission Statement. 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. These interdependent, cascading roles . 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.". 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. The forward-looking statements in this press release speak as of the date of its filing. Tornante invests in, acquires, and operates media and entertainment companies. Finally, include why you do what you do in your mission statement. Your organization should refer to your mission statement often as you: TOPP offers quality sewage basins, sump basins and wastewater basins made of fiberglass and polyethylene that provide answers for both budget and performance. A personal mission statement can help you identify your values and goals, defining what matters most to you professionally. 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. * Features a step-by-step guide to developing your own mission statement, including a list of key words. 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. A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. Although it's never ideal to constantly pivot your image and change your mission statement, your company may outgrow or shift directions resulting in the need of a new statement. Last, by publicly announcing to the world the company's mission, some people on the outside (or even the inside) may disagree with the mission. 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. 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. When available, these documents can be obtained free of charge from the sources indicated above. To set my personal life aside and focus on achieving my goals regarding my education and building a solid career for myself. 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. Copyright 2023 TOPP Industries Inc, All rights reserved. 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. In the marketplace, and create a powerful connection with consumers around the world. In order to keep up with today's high competitive market, the quality of our product must surpass the industry standards. A mission statement isn't meant to necessarily be catchy; it's meant to be informative and useful for guiding high-level decisions. 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. A companys mission statement defines its culture, values, ethics, fundamental goals, and agenda. 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. Claiming and updating your company profile on Zippia is free and easy. Fun office atmosphere. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. To provide the best community association management software solution backed by amazing customer service. 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. 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 may solicit employees to incorporate adding its mission statement as part of a company-wide standard e-mail signature block. | Source: A mission statement is a brief description of the overarching meaning of the company or nonprofit. Though a small component, a mission statement helps customers, employees, and investors form an opinion of a company. A mission statement is a brief but clear group of words that explains the core values of a company or organization. Topps was acquired in October of 2007 by Madison Dearborn Partners, a private equity group, and The Tornante Company, an investment company owned by Michael Eisner, former CEO of Disney. It will help keep my grades in check, helping me advance and achieve my career goals. 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. 29. 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.