Federal funds have been slow to come for Tubbs Fire victims, like Linda, who lives in a subsidized apartment so small, she has piled her belongings as high as she can reach.
"I so enjoyed working with you," Jennifer Lopez told Matthew McConaughey as the celebrated the 20th anniversary of their 2001 film
The executive order, part of a suite of climate actions, could set the stage for bigger policies down the road.
The podcast, which went inside Cleveland courts, will be written and directed by Shola Amoo.
Fox Corp's news division has hired Larry Kudlow, a former top economic adviser to ex-President Donald Trump, as a contributor to Fox News and host of a new weekday show on the Fox Business Network, the company said on Tuesday. Kudlow served as director of the National Economic Council and assistant to the president for economic policy from 2018 until Trump left office this month. At Fox, Kudlow will "provide expert financial analysis on domestic and global affairs across all Fox News Media," the company said in a statement.
Helping to improve user trading conditions with professional online brokersOAKLAND PARK, Fla., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Trusted Broker Reviews is excited to announce a new partnership with Thunder Forex. Using revolutionary measurements for reviewing and testing their online brokers, and a secure, trustworthy platform in which to conduct trades, the two companies are diligently working together with the shared cause of improving standards for online brokerage and trading. Established in 2020, Thunder Forex is a new broker company that is an authorized security dealer as per the Financial Services Authority of Seychelles. The regulated partner broker uses a state-of-the-art Electronic Communication Network (ECN) to safely and securely match brokerages with individual traders. Whereas before, such partnerships were only privy to large investment corporations and wealthy individuals, Thunder Forex has bridged that gap so that anyone looking to trade has a safe and effective way to make exchanges. This is further iterated through the use of Straight-through Processing (STP) alongside the ECN, making the electronic transfer fast and automatic. This new partnership between Trusted Broker Reviews and Thunder Forex will undoubtedly improve the trading conditions of users on both platforms. On Trusted Broker Review’s end, users receive detailed, accurate information pertaining to prospective online brokers so that they know what to expect upon signing up with any given broker. On Thunder Forex’s end, traders are able to make that trade. Trusted Broker Reviews takes an honest and transparent approach in providing users with trusted ratings and upfront costs. There are no hidden fees and no conflicts of interest for traders through the trading process. Trusted Broker Reviews, established in 2020 by a passionate team of three employees, is also offering rebates to customers in the form of 0.1 pips spread or $1 commission rebates. The company prioritizes improving the needs of its 30,000 monthly visitors by actively helping users find the right broker for their unique business needs in addition to helping its users learn the process of investment. Andre Witzel, owner of Trusted Broker Reviews, states, “Through our partnership with Thunder Forex we can provide new traders an excellent personal service and low trading fees.” Indeed, both companies are looking forward to giving traders an opportunity to use cutting-edge ECN/STP execution to safely conduct their exchanges. “This new partnership with Thunder Forex gives us the opportunity to recommend our viewers a broker with ECN/STP execution. There will be no conflict of interest,” Witzel concludes. Through joined forces, Trusted Broker Reviews and Thunder Forex and are excited to take this new step forward in providing a transparent platform for traders. Anyone interested in obtaining more information about anything included in this release or for press inquiries are encouraged to contact: Andre Witzel+1 (352) 443 6205business@trusted-broker-reviews.comor visit:www.trusted-broker-reviews.comwww.thunderforex.com
As demand for solar increases across the country, SunPower (NASDAQ: SPWR), a leading solar technology and energy services provider, is announcing plans to significantly expand its SunPower Residential Installation (SPRI) program this year. SunPower plans to launch SPRI presence in seven new markets across six states by the end of Q2 2021.
13% Year-to-Date Revenue Growth and New Program Wins; Expecting Continued Growth in the Third QuarterSPOKANE VALLEY, Wash., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended December 26, 2020. For the second quarter of fiscal year 2021, Key Tronic reported total revenue of $128.3 million, up 10% from $116.7 million in the same period of fiscal year 2020. For the first six months of fiscal year 2021, total revenue was $251.5 million, up 13% from $222.0 million in the same period of fiscal year 2020. The revenue increase during the second quarter of fiscal year 2021 was due to the successful ramp of new customer programs and increased demand from existing customers. At the same time, the Company’s revenue continued to be constrained by government imposed shutdowns and labor shortages at its facilities in Juarez due to the COVID-19 pandemic and associated public health measures. For the second quarter of fiscal year 2021, net income was $1.6 million or $0.14 per share, up from $0.8 million or $0.08 per share for the same period of fiscal year 2020. For the first six months of fiscal year 2021, net income was $3.3 million or $0.30 per share, up from $2.4 million or $0.22 per share for the same period of fiscal year 2020. During the second quarter of fiscal year 2021, the Company incurred additional costs caused by the COVID-19 crisis totaling approximately $1.8 million or $0.13 per share. Despite the pandemic’s adverse impact on revenue and expenses, the Company’s margins improved in the second quarter of fiscal year 2021 due to increased revenue. Gross margin was 8.3% and operating margin was 2.1%, up from a gross margin of 7.0% and an operating margin of 1.3%, in the same period of fiscal year 2020. “We’re pleased with the successful ramp of new programs and our strong revenue growth in the second quarter of fiscal 2021, despite the continued headwinds from COVID-19,” said Craig Gates, President and Chief Executive Officer. “During the second quarter of fiscal 2021, we continued to see the favorable trend of contract manufacturing returning to North America and won new programs involving security and home automation and industrial products.” “Moving into the third quarter of fiscal 2021, we expect continued revenue and earnings growth. Nevertheless, the COVID-19 crisis continues to present macroeconomic uncertainty and multiple business challenges, including industry-wide electronic component shortages, workforce disruptions and higher labor costs. As we endeavor to mitigate these issues and continue to invest in new capacity to prepare for long-term growth, we remain committed to protecting the health of all of our employees.” The financial data presented for the second quarter of fiscal year 2021 should be considered preliminary and could be subject to change, as the Company’s independent auditor has not completed their review. Business Outlook For the third quarter of fiscal year 2021, Key Tronic expects to report revenue of approximately $130 million to $140 million, and earnings of approximately $0.20 to $0.25 per diluted share. These expected results assume an effective tax rate of 25% in the coming quarter. Key Tronic is working closely with its customers, key suppliers and employees to minimize the impact of the continued global pandemic. While the Company’s facilities in the US, Mexico, China and Vietnam are currently operating and rigorously following current health guidelines, uncertainty as to the possibility of future temporary closures, customer demand and costs, and future supply chain disruptions during the rapidly changing COVID-19 environment could significantly impact operations in coming periods. Due to the heightened risks associated with the above, we may issue updated guidance during the upcoming quarter. Conference Call Key Tronic will host a conference call to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern) today. A broadcast of the conference call will be available at www.keytronic.com under “Investor Relations” or by calling 800-437-2398 or +1-323-289-6576 (Access Code: 2393766). A replay will be available by calling 888-203-1112 or +1-719-457-0820 (Access Code: 2393766). About Key Tronic Key Tronic is a leading contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico, China and Vietnam. The Company provides its customers full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world’s leading original equipment manufacturers. For more information about Key Tronic visit: www.keytronic.com. Some of the statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to those including such word as aims, anticipates, believes, estimates, expects, hopes, intends, plans, predicts, projects, targets, or will, similar verbs, or nouns corresponding to such verbs, which may be forward looking. Forward-looking statements also include other passages that are relevant to expected future events, performances, and actions or that can only be fully evaluated by events that will occur in the future. Forward-looking statements in this release include, without limitation, the Company’s statements regarding its expectations with respect to financial conditions and results, including revenue and earnings during periods of fiscal year 2021, risks of manufacturing supply chain and operational disruptions and relating to the health of employees due to COVID-19 health pandemic, demand for certain products and the effectiveness of some of our programs, effects of recent tax reform and tariff measures and trade tensions, business from new customers and programs, improvement of supply chain delivery and impacts from legal proceedings and operational streamlining. There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, including but not limited to: the future of the global economic environment and its impact on our customers and suppliers, particularly during the COVID-19 health crisis; the availability of components from the supply chain; the availability of a healthy workforce; the accuracy of suppliers’ and customers’ forecasts; development and success of customers’ programs and products; timing and effectiveness of ramping of new programs; success of new-product introductions; acquisitions or divestitures of operations or facilities; technology advances; changes in pricing policies by the Company, its competitors, customers or suppliers; impact of new governmental legislation and regulation, including tax reform, tariffs and related activities, such trade negotiations and other risks including those related to COVID-19 response; and other factors, risks, and uncertainties detailed from time to time in the Company’s SEC filings. KEY TRONIC CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME(In thousands, except per share amounts)(Unaudited) Three Months Ended Six Months Ended December 26, 2020 December 28, 2019 December 26, 2020 December 28, 2019Net sales$128,262 $116,722 $251,469 $222,007 Cost of sales117,640 108,600 230,832 204,612 Gross profit10,622 8,122 20,637 17,395 Research, development and engineering expenses2,392 1,720 4,637 3,380 Selling, general and administrative expenses5,510 4,904 10,484 9,978 Total operating expenses7,902 6,624 15,121 13,358 Operating income2,720 1,498 5,516 4,037 Interest expense, net848 524 1,529 1,234 Income before income taxes1,872 974 3,987 2,803 Income tax provision292 150 688 427 Net income$1,580 $824 $3,299 $2,376 Net income per share — Basic$0.15 $0.08 $0.31 $0.22 Weighted average shares outstanding — Basic10,760 10,760 10,760 10,760 Net income per share — Diluted$0.14 $0.08 $0.30 $0.22 Weighted average shares outstanding — Diluted11,385 10,877 11,040 10,811 KEY TRONIC CORPORATION AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(In thousands)(Unaudited) December 26, 2020 June 27, 2020ASSETS Current assets: Cash and cash equivalents$5,007 $553 Trade receivables, net of allowance for doubtful accounts of $587 and $609100,105 86,123 Contract assets22,635 23,753 Inventories, net119,439 115,020 Other19,961 17,315 Total current assets267,147 242,764 Property, plant and equipment, net35,490 31,764 Operating lease right-of-use assets, net15,184 17,568 Other assets: Deferred income tax asset8,656 10,178 Other1,557 2,587 Total other assets10,213 12,765 Total assets$328,034 $304,861 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable$69,937 $80,204 Accrued compensation and vacation9,040 10,428 Current portion of debt, net1,706 7,508 Other12,576 14,079 Total current liabilities93,259 112,219 Long-term liabilities: Term loans8,997 3,258 Revolving loan89,357 60,094 Operating lease liabilities11,003 12,624 Deferred income tax liability207 234 Other long-term obligations2,047 875 Total long-term liabilities111,611 77,085 Total liabilities204,870 189,304 Shareholders’ equity: Common stock, no par value—shares authorized 25,000; issued and outstanding 10,760 and 10,760 shares, respectively47,060 46,946 Retained earnings73,410 70,111 Accumulated other comprehensive income (loss)2,694 (1,500)Total shareholders’ equity123,164 115,557 Total liabilities and shareholders’ equity$328,034 $304,861 CONTACTS: Brett Larsen Michael Newman Chief Financial Officer Investor Relations Key Tronic Corporation StreetConnect (509) 927-5500 (206) 729-3625
CW Bancorp (OTC: CWBK), the holding company of CommerceWest Bank reported net income for the fourth quarter of 2020 of $4,976,000 or $1.37 a share as compared to $2,114,000 or $0.55 a share for the fourth quarter of 2019, an EPS increase of 149%. Net income for the full year of 2020 was $9,091,000 or $2.48 per common share, compared with net income of $8,208,000 or $2.14 per common share for the full year of 2019, an EPS increase of 16%.
Vulcan Materials Company (NYSE: VMC) will host its fourth quarter earnings conference call on Tuesday, February 16 at 10:00 a.m. CT (11:00 a.m. ET). Financial results for the quarter ended December 31, 2020 will be released before the NYSE market opens.
Las Vegas Sands has named long-time company executive Robert G. Goldstein chairman and chief executive officer, after having assumed the role as acting chairman and chief executive officer on January 7, 2021. Patrick Dumont has been named president and chief operating officer, and Randy Hyzak will now serve as chief financial officer. Mr. Dumont previously served as executive vice president and chief financial officer, and Mr. Hyzak was chief accounting officer.
Finalists announced for the annual USC Libraries Scripter Award, which honors the year’s most accomplished film and episodic series adaptations.
The Justice Department on Tuesday rescinded a Trump-era memo that established a “zero tolerance” enforcement policy for migrants crossing the U.S.-Mexico border illegally, which resulted in thousands of family separations. Acting Attorney General Monty Wilkinson issued the new memo to federal prosecutors across the nation, saying the department would return to its longstanding previous policy and instructing prosecutors to act on the merits of individual cases. “Consistent with this longstanding principle of making individualized assessments in criminal cases, I am rescinding — effective immediately — the policy directive,” Wilkinson wrote.
It even beats high-priced luxury creams.
SAN ANTONIO, Jan. 26, 2021 (GLOBE NEWSWIRE) -- The United States portable air treatment systems (air purifier) market was valued at over $1.0 billion dollars in the U.S. in 2020. The market witnessed a growth rate of 57.0 percent in 2020 and is expected to witness a double-digit growth rate over the next two years, according to a new report by Verify Markets. The COVID-19 pandemic has resulted in a surge in demand for air treatment systems. Companies have faced difficulties in coping with the sudden increase in demand. “At the height of the pandemic, several companies were out of stock within weeks and were unable to replenish their stock in time to keep up with the surge in purchases,” notes Shilpa Tiku, Chief Research Officer at Verify Markets. The key drivers in the market include the COVID-19 pandemic, cross-state pollution, natural disasters, and consumer education programs. As the COVID-19 pandemic continues to impact everyday life in the U.S. and around the world, several recommendations have been instituted by various government agencies to help cope with the situation. Some of these include ensuring proper ventilation as well using air cleaners. The key challenges in the market include lack of product awareness among consumers, increasing competition, and misleading claims. Despite some companies educating consumers about the importance of air quality and helping them pick the right air treatment system for their home, there is a continuing lack of knowledge in differentiation among the various products available in the market. Several companies have included product filters and comparison tools on their websites to help customers select the air treatment system that matches their requirements. Another challenge is the low barrier to entry in this market. There are several new companies entering the market, as well as large established companies with strong brand recognition and large marketing budgets. Additionally, there are international companies, mostly from Asia, that offer low-cost products. Increasing competition is affecting the ability of small and medium companies to differentiate their products. Products priced under $150.00 were extremely popular in 2020. Retail sales was the most popular channel, however, e-commerce sales gained significant traction in 2020. Products that covered 301-400 square feet made up the majority of the sales by revenue in 2020. The report provides an in-depth analysis of the overall air treatment systems market in the United States. The report also captures market information on market dynamics like growth drivers, restraints, market revenues and forecasts, technology trends, pricing trends, distribution trends, market share by coverage area, sales by application, and the competitive landscape. The base year for the study is 2020 and the forecasts are until 2027. Some of the key companies in this market include Helen of Troy Limited, Newell Brands Inc., Guardian Technologies, LLC, Plaston Holding AG Widnau, Dyson Ltd, Blueair AB, Sharp Corporation, LG Corporation, IQAir North America, Inc., Alen Corporation, Molekule, Inc., and others. Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.
Global thought leader of change management to lead global architecture firm Kim Heartwell, CallisonRTKL CEO Harold Thompson, CallisonRTKL COO Washington, D.C., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Global architecture, planning and design firm CallisonRTKL (CRTKL) announces that Kim Heartwell is appointed CEO based in the Washington D.C. office. Kim will expand and bolster CRTKL's position in the marketplace as it enters its 75th year. Kim's thirty-plus year tenure and her depth of industry knowledge and breadth of experience will position the firm for continued success. "This is a tremendous time to be afforded this opportunity," says Kim. "Addressing the challenges humanity faces today – from health and well-being to resiliency and security, the built environment directly impacts all. Now more than ever, the relevancy of a global, ideas-driven practice like CRTKL is necessary," she adds. "I am thrilled to be leading the firm into its next 75 years, building on our legacy and making a positive impact for the future." Kim's nuanced understanding of CRTKL is evident in the many positions she has held since joining the firm. From junior architect to D.C. office leader to global workplace practice leader – Kim's tenure with the company has led to some of the most impactful workplace projects, growing the business into an impressive global force. Specifically, her expertise in change management, workplace design and mobility strategies for complex organizations will directly influence the growth and advancement of CRTKL as it expands its global footprint. In addition to Kim's appointment, Harold Thompson is now CRTKL's first Chief Operating Officer. He will collaborate with Kim to advance the influence of research, digital transformation, and generative design throughout CRTKL. As COO, Harold will focus on business performance and operations, execute business strategies, and provide leadership, management, and vision to maximize operating efficiency. "CallisonRTKL is a longstanding design leader," notes Harold. "With its global presence, advanced digital infrastructure, and collaborative approach, the firm's agility is an asset in the current market," he adds. " We are extremely proud of our legacy in creating memorable, human-centric places – and remain committed to continued innovation in our industry." "Reflecting on the past 75 years, we are at a critical point of disruption for our industry. CRTKL is poised to positively pivot and evolve our business by focusing on data-driven, generative design to elevate the human experience through our key initiatives, ultimately guiding clients towards resiliency – environmental, economic, and societal," notes Kim. "A first step to committing to our goals is becoming a carbon neutral firm allowing us to flourish for the next 75 years and beyond." About CallisonRTKL CallisonRTKL, a global architecture, planning, and design practice, began over seven decades ago and has evolved into a cultural agency to advance positive outcomes in our communities. Our team addresses the imperatives of resiliency, well-being, and technology and their influence in the built environment through a human-centric design approach. Attachments Kim Heartwell 5x7at300 Harold Thompson 5x7at300 CONTACT: Tracy Schneider CallisonRTKL 206.605.9607 tracy.schneider@crtkl.com
As the pandemic raged through the U.S., Microsoft's business continued chugging ahead and beat Wall Street expectations for the last three months of 2020, powered by ongoing demand for its workplace software and cloud computing services as people worked from home. The company on Tuesday reported fiscal second-quarter profit of $15.5 billion, up 33% from the same period last year. In a statement Tuesday, CEO Satya Nadella called it “the dawn of a second wave of digital transformation sweeping every company and every industry.”
Beyond Meat will partner with PepsiCo, expanding its reach as consumers increasingly turn to plant-based food options.
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“The good news is we’ve seen highs almost near 4,000 admissions a day into our hospitals because of Covid,” said the Golden State’s Health and Human Services Secretary Dr. Mark Ghaly today. ‘Now seeing days below 2,500 and even getting lower, which is exactly what’s going to keep our hospital conditions improving and our ICU […]
Request for higher authorisation meant Major General Walker ‘did not have that authority’ to deploy National Guard
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