Stuart Rose cheers One New Change

first_img Share Stuart Rose cheers One New Change by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoverySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp CITY shopping centre One New Change attracted thousands of workers from across the Square Mile when it opened for trading yesterday. Outgoing Marks & Spencer chairman Sir Stuart Rose officially opened the mall, which is home to 60 shops and restaurants on Cheapside opposite St Paul’s Cathedral. Topshop owner Sir Philip Green and representatives of the Lord Mayor of London also attended the opening. Rose told City A.M.: “I think it’s the perfect time to be opening this centre. These things take years to plan, and this recession isn’t going to be here forever. This is an investment in London that will be here for 100 years.” Rose said he was pleased with the performance of Marks & Spencer since he handed over the reins to Marc Bolland. “He is absolutely the right leader for Marks & Spencer, and I am very happy with him leading the business. As for the M&S opening today – the more the merrier, though I would have liked to have seen a bigger store.”Colette O’Shea, development director at developer Land Securities, said she hoped the centre would become a stand-alone destination. “It’s somewhere that you can bring your family and spend time. It’s really going to change the face of the City, especially at the weekend.”She said the firm had no plans on whether to sell the mall: “We have not thought that far ahead – the plan at the moment is to get it running.”Shops that opened yesterday include Superdry, H&M and Jamie Oliver’s new restaurant, Barbecoa. Just over three-quarters (82 per cent) of the shops opened for business yesterday. FAST FACTS | ONE NEW CHANGELand Securities first obtained planning permission for the shopping centre in 2003. The three-storey building, nicknamed the Stealth Bomber, also contains office space and a rooftop terrace, which opens in November KCS-content More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comcenter_img whatsapp Thursday 28 October 2010 8:10 pm Show Comments ▼ Tags: NULLlast_img read more

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Davos explosion work of activists

first_imgThursday 27 January 2011 8:33 pm Davos explosion work of activists Show Comments ▼ whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Sharecenter_img KCS-content LEFT-WING activists claimed responsibility for a small explosion yesterday that broke windows at a hotel in Davos, close to where top executives were meeting, but nobody was hurt.“A huge boom went off. The whole ceiling lifted,” said Devin Wenig, chief executive of Thomson Reuters’ Markets division. The main programme at the World Economic Forum meeting, addressed by French President Nicholas Sarkozy and former US President Bill Clinton yesterday, was not affected. whatsapp Tags: NULLlast_img read more

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Phoenix Beverages Limited (PBL.mu) Q32019 Interim Report

first_imgPhoenix Beverages Limited (PBL.mu) listed on the Stock Exchange of Mauritius under the Beverages sector has released it’s 2019 interim results for the third quarter.For more information about Phoenix Beverages Limited (PBL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Phoenix Beverages Limited (PBL.mu) company page on AfricanFinancials.Document: Phoenix Beverages Limited (PBL.mu)  2019 interim results for the third quarter.Company ProfilePhoenix Beverages Limited is a Mauritian company that produces bottles and distributes alcoholic and non- alcoholic brews. Under the company’s production line, there are numerous renowned brands represented. With brands such as Guinness Foreign Extra Stout, Malta Guinness and Smirnoff Ice, Coca-Cola, Fanta, Sprite, Schweppes, Dasani and Crystal table water, being produced and sold by the company under the respective contract agreements. The company is headquartered in Phoenix, Mauritius Phoenix and operates as a subsidiary of Phoenix Investment Company Limited. Phoenix Beverages Limited is listed on the Stock Exchange of Mauritius.last_img read more

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Kenya Commercial Bank Limited (KCB.tz) Q12019 Interim Report

first_imgKenya Commercial Bank Limited (KCB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2019 interim results for the first quarter.For more information about Kenya Commercial Bank Limited (KCB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank Limited (KCB.tz) company page on AfricanFinancials.Document: Kenya Commercial Bank Limited (KCB.tz)  2019 interim results for the first quarter.Company ProfileKenya Commercial Bank Limited is a leading financial institution in Tanzania offering retail and corporate banking services as well as mortgages, treasury and Bancassurance services. Kenya Commercial Bank offers financial solutions ranging from current accounts, overdrafts and loans to fixed and short-term deposits, mortgage finance, trade finance and forex, and business investment accounts. The banking institution participates in investments in Treasury Bills and Bonds with the central banks. Wholly-owned subsidiaries in the banking group include Kenya Commercial Finance Company Limited, Savings & Loan Kenya Limited, Kenya Commercial Bank Nominees Limited, Kencom House Limited, KCB Tanzania Limited, KCB Sudan Limited, KCB Rwanda SA and KCB Uganda Limited. Kenya Commercial Bank Limited is listed on the Dar es Salaam Stock Exchange.last_img read more

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Best Cyber Monday 2017 deals, ads, and sales

first_imgKohl’s From BestBlackFriday.com  Amazon put out a press release on Black Friday to announce its Cyber Monday plans. It does not do an official ad scan, so BestBlackFriday.com did a custom one. The sale will actually started Saturday, November 25, with new doorbusters going live on Monday. Amazon’s Cyber Monday event always closely resembles its Black Friday sale, and the same is true for 2017. Here are a few official deals. We posted Dell’s Cyber Monday ad in the middle of November this year, and the format is similar to the Black Friday version. Doorbusters are available hourly on Monday from 8 a.m. to 8 p.m. Cyber Monday 2017 is on Monday, November 27 this year, but the deals will be starting earlier. While we are still waiting on Cyber Monday ads from some of the biggest stores, including Best Buy and Target, read on to see the latest updates.Live Cyber Monday 2017 AdsWe have posted ten ads so far, and that is only a small percentage of what we will be posting on Monday morning.AAFES Cyber Monday AdAeropostale Cyber Monday AdAcademy Sports Cyber Monday AdAmazon Cyber Monday AdBass Pro Shops Cyber Monday AdBelk Cyber Monday AdBest Buy Cyber Monday AdCabela’s Cyber Monday AdClaire’s Cyber Monday AdDell Cyber Monday AdeBay Cyber Monday AdJCPenney Cyber Monday AdMacy’s Cyber Monday AdOffice Depot & OfficeMax Cyber Monday AdPC Richard & Son Cyber Monday AdQuill Cyber Monday AdSam’s Club Cyber Monday AdStaples Cyber Monday AdTarget Cyber Monday AdWalmart Cyber Monday AdUpcoming Cyber Monday 2017 AdsUpdate: November 22, 2017. Cyber Monday is only a few days away, so expect us to post all of these ads by noon on Sunday, November 26, 2017.American Eagle Cyber Monday AdDell Small Business Cyber Monday AdGroupon Cyber Monday AdKohl’s Cyber Monday AdLivingSocial Cyber Week AdSears Cyber Monday AdTarget Cyber Monday AdToys R Us Cyber Week AdGeneral Cyber Monday 2017 PredictionsWhile many people think of Cyber Monday as its own distinct shopping day, the line between it and Black Friday has become blurrier over the past few years. Last year, some retailers, including Walmart, started their Cyber Week sales on Black Friday. Other stores started on the Saturday after Black Friday, which really turned into one long and extended shopping event. Here are a few important predictions for this year:Cyber Monday Spending Predictions — Based on our research, shoppers will spend $3.81 billion this year on Cyber Monday, which is up from $3.45 billion last year. Shoppers will also spend $1.24 billion on mobile this year, which is up from $1.07 billion last year.Cyber Monday TV Predictions — With the Black Friday and Cyber Monday merger complete, expect to see many of the same prices for TVs this year during Cyber Week that we are seeing on Thanksgiving and Black Friday. You should be able to get a 50-inch 4K TV for $200 and a 55-inch 4K TV for $250.Cyber Monday Video Game Predictions — Cyber Monday video game prices will be the same as Black Friday. Expect the Sony PlayStation 4 1TB console to be available for $199.99, which is a discount of $100. The Microsoft Xbox One S 500GB console should be available for $189.99, which is a discount of $90. Finally, we think the Sony PlayStation 4 Pro will be available for $339.99, which is a discount of $60.Cyber Monday iPhone X and Smartphone Predictions — Our Black Friday iPhone X prediction of a $300 gift card upon activation came true, and we think this deal is available on Cyber Monday. For the iPhone 8 and 8 Plus, expect a $250 gift card.Browse By: Store | Category | Ads | Free Shipping Walmart Walmart Cyber Monday Information: Best Cyber Monday 2017 Deals by StoreBrowse By: Walmart | Amazon | Best Buy | Target | Dell | Toys R Us | Kohl’s | More Dell Cyber Monday Information: Toys Check back soon for our Top 10 Cyber Monday Toy Deals Picks for 2017. ElectronicsCheck back soon for our Top 10 Cyber Monday Electronics Deals Picks for 2017. Appliances & KitchenCheck back soon for our Top 10 Cyber Monday Appliance Deals Picks for 2017. Shipping: Traditionally, Kohl’s offers free shipping on orders of $25 or more on Cyber Monday.Ad Scan Link: Kohl’s Cyber Monday 2017 Ad – Coming SoonLive Sale Link: TBD Top Cyber Monday Deals by CategoryBrowse By: HDTVS | Laptops | Tablets | Video Games | Electronics | Clothing | Travel | Appliances & Kitchen | Jewelry | Toys We posted the Best Buy Cyber Monday 2017 ad on November 26. Check back soon for a full review. Support conservation and fish with NEW Florida specialty license plate Shipping: Best Buy is offering free shipping on every order on Cyber Monday this year.Ad Scan Link: Best Buy Cyber Monday 2017 Ad – Now LiveLive Sale Link: TBD Shipping: Free two-day shipping for Prime members; Non-Prime members must spend $25 or more to get free shippingAd Scan Link: Amazon Cyber Monday 2017 Ad – Now LiveLive Sale Link: TBD Best Buy Cyber Monday Information: Please enter your name here Kolhl’s Cyber Monday Information:  Check back soon for our Top 10 Cyber Monday Laptop Deals Picks for 2017. General Sales from Other Popular Retailers Clothing & AccessoriesCheck back soon for our Top 10 Cyber Monday Clothing Deals Picks for 2017. AmazonAmazon Cyber Monday Information: Video Games Check back soon for our Top 10 Cyber Monday Video Game Deals Picks for 2017. Top Cyber Monday AdsWhat started out a a collection of small, single pages ads a few years back has transormed into 40-page flyers, many of which look awfully similiar to their Black Friday counterparts. While every store does not have an ad yet, the number is increasing every single year as well as the effort by the stores, which is great news for anyone looking to quickly find the best deals. Here are the ads that you need to see if you are looking to maximize your savings.American Eagle Cyber Monday AdAmazon Cyber Monday AdBest Buy Cyber Monday AdDell Small Business Cyber Monday AdGroupon Cyber Monday AdKohl’s Cyber Monday AdLivingSocial Cyber Week AdMacy’s Cyber Monday AdQuill Cyber Monday AdSears Cyber Monday AdTarget Cyber Monday AdToys R Us Cyber Week AdWalmart Cyber Monday Ad  Best Buy Please enter your comment!center_img TabletsCheck back soon for our Top 10 Cyber Monday Tablet Deals Picks for 2017. Shipping: Dell is offering free shipping on every order on Cyber Monday this year.Ad Scan Link: Dell Cyber Monday 2017 Ad – Live Now!Live Sale Link: TBD Save my name, email, and website in this browser for the next time I comment. Click to View All LIVE Online Black Friday Deals Shop Now You have entered an incorrect email address! Please enter your email address here Laptops and Computers Share on Facebook Tweet on Twitter The Anatomy of Fear Kohl’s releases its official Cyber Monday information via a press release, so we are unlucky to have an official ad scan this year. Expect the sale to run from Saurday until Wednesday, with special doorbusters exclusive to Monday. Kohl’s will likely offer a sitewide coupon valued at 20% off. Here are a few confirmed Cyber Monday deals given to us by Kohl’s. Toys R Us Cyber Monday Information: TAGSCyber Monday Previous articleCyber Monday gives a big boost to mobile commerceNext articleIn case you missed it: The Apopka news week in review Denise Connell RELATED ARTICLESMORE FROM AUTHOR Travel Check back soon for our Top 10 Cyber Monday Travel Deals Picks for 2017. Free Shipping on Cyber MondayFree shipping is an extremely crucial part of any successful Cyber Monday shopping plan of attack. As we previously noted, you will pay on average $6.78 extra if you do not meet most store’s minimum order totals to be eligible for free shipping. This can absolutely kill the savings for small purchases, and we highly recommend you do not paying shipping charges on Cyber Monday. Here are a few of the more important stores and their shipping terms. Please note, a few of the stores lowed their minimums for Cyber Monday when compared to Black Friday!Free Shipping, No Minimum Order Size:– Apple Store– Best Buy– Dell– TargetFree Shipping, Minimum Order Size:– Walmart $35– Amazon $25– Toys R Us $29 Jewelry Check back soon for our Top 10 Cyber Monday Jewelry Deals Picks for 2017. HDTVsCheck back soon for our Top 10 Cyber Monday TV Deals Picks for 2017. Toys R Us Shipping: Toys R Us traditionally offers free shipping on orders of $29 or more on Cyber MondayAd Scan Link: Toys R Us Cyber Monday 2017 Ad – Coming SoonLive Sale Link: TBDToys R Us does have an official Cyber Monday ad this year, and we expect to post it on Saturday, November 26. Toys R Us usually offers many of its items in-store as well, which kind of defeats the purpose of a Cyber Monday event. Either way, its sale is generally pretty good every year, so we do recommend it for toy purchases. Target Target Cyber Monday Information: 50-60% off select outerwear for the family$39.99 – $49.99 cashmere sweaters$29.99 select Women’s and Juniors boots$39.99 and under select Men’s and Women’s athletic shoes$99.99 Keurig K-Select brewer60-70% off select diamond solitaire earrings Dell Echo Dot for $29.99 (save $20)All-New Echo for $79.99 (save $20)Echo Plus for $119.99 (save $30)Fire HD 8 Kids Edition for $89.99 (save $40)Fire HD 8 Kids Edition, for $169.98Fire HD 10 for $99.99 (save $50)Take a look at Amazon’s Black Friday ad for a complete list of deals. LEAVE A REPLY Cancel reply Shipping: Free two-day shipping on orders of $35 or moreAd Scan Link: Walmart Cyber Monday 2017 Ad – Now LiveLive Sale Link: TBDLast year, Walmart started its Cyber Week sale on Black Friday, which was really strange. It ran deals the entire weekend and then had exclusives for Monday. Walmart has already informed us it will not have an ad this year, so BestBlackFriday.com made a custom flyer and posted it on November 24, 2017. Check back soon for the best deals. Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Shipping: Target is offering free shipping on every order on Cyber Monday this year.Ad Scan Link: Target Cyber Monday 2017 Ad – Now Live.Live Sale Link: TBDTarget is offering 15 percent of storewide again in 2017, which is the best deal of the year. Check back soon for other noteworthy general sales from popular retailers:last_img read more

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Santa Teresa House / PF Architecture Studio

first_imgManufacturers: Recer, Casa Alves, SanitanaEngineering:ASL&AssociadosConstruction:HomereabCity:PortoCountry:PortugalMore SpecsLess SpecsSave this picture!© João MorgadoText description provided by the architects. Santa Teresa is a street located in the heart of the reborn Oporto downtown, A big urban area that slowly got abandoned and grew older in the last thirty years, but has recently been subject of a radical change, either social, cultural, economic and architectural consequentlySave this picture!© João MorgadoWith in this dynamic, very driven by tourism, we were invited to refurbish the Santa Teresa building :a house of the nineteenth century, on a typical batch builtin to many of the quarters of Oporto. The plant is a rectangle (5.50×20,00m) with centred but a symmetric stairs,which has undergone several use changes over the century. XX,coming to us in a state of pre-ruin.Save this picture!PlanThe challenge: create the largest possible number of small apartments for temporary lease, city breaks.Save this picture!© João MorgadoThe proposal is assumed in response to this program, in which the existing guide serves us for a timelines dialogue, and based on a simple principle: re-inhabit the space respecting the two moments: the past and the present, the existing and the new. The solution comes ironically from Malvina Reynolds Little Boxes song.Save this picture!© João MorgadoThe principle of preserving the entire building structure, floors, walls, ceilings, doors and windows with their formal characteristics and unique tectonic, and integrate small white, unpretentious and abstract boxes that house the new program elements such as kitchens and homes bath, formally defining the existing and the new.Save this picture!SectionThe result are nine purged apartments, where the light plays a fundamental role in the space design. The building’s shape made possible on the ground floor an attic apartments, the design of different typologies through the use of mezzanines and outdoor spaces.Save this picture!© João MorgadoProject gallerySee allShow lessWith Recent Innovations, Where Will Elevators Take Us Next?ArticlesARCHMARATHON Announces 2016 Award Winning ProjectsArchitecture News Share Projects Architects: PF Architecture Studio Area Area of this architecture project Photographs Photographs:  João Morgado Manufacturers Brands with products used in this architecture project “COPY” Santa Teresa House / PF Architecture Studio Save this picture!© João Morgado+ 28 Share Area:  110 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/788273/santa-teresa-house-pf-architecture-studio Clipboard ArchDailycenter_img Santa Teresa House / PF Architecture StudioSave this projectSaveSanta Teresa House / PF Architecture Studio Year:  2013 “COPY” Houses CopyHouses, Renovation•Porto, Portugal ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/788273/santa-teresa-house-pf-architecture-studio Clipboard Portugal CopyAbout this officePF Architecture StudioOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationPortoPortugalPublished on May 27, 2016Cite: ” Santa Teresa House / PF Architecture Studio” 27 May 2016. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPartitionsSkyfoldChoosing the Skyfold Wall for Your SpaceGlass3MSun Control Film – Prestige ExteriorShowerhansgroheShowers – Croma SelectWall / Ceiling LightsSpectrum LightingLED Downlight – Infinium 3″ Round FlangelessVentilated / Double Skin FacadeCosentinoDekton Cladding in LD Sevilla hotelSealantsSikaJoint SealingBeams / PillarsLunawoodThermowood Frames and BearersPorcelain StonewareApariciPorcelain Tiles – MarblesCeramicsTerrealTerracotta Facade in Manchester HospitalWindowspanoramah!®ah! CornerHome AppliancesGIRAGira Keyless in – Door communicationLightsLinea Light GroupIntegrated Lighting – Fylo+More products »Save想阅读文章的中文版本吗?葡萄牙圣特蕾莎之家/ PF Architecture Studio是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

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USDA Report Estimating Increase in Corn, Soybean Acres

first_img Facebook Twitter Facebook Twitter USDA Report Estimating Increase in Corn, Soybean Acres SHARE Home Indiana Agriculture News USDA Report Estimating Increase in Corn, Soybean Acres By USDA Communications – Mar 31, 2020 SHARE The USDA issued its Prospective Plantings report on Wednesday. Estimates were taken before the majority of the country was locked down due to COVID-19.Corn planted area for all purposes in 2020 is estimated at 97.0 million acres, up 8 percent or 7.29 million acres from last year. Compared with last year, planted acreage is expected to be up or unchanged in 38 of the 48 estimating States.Soybean planted area for 2020 is estimated at 83.5 million acres, up 10 percent from last year. Compared with last year, planted acreage is expected to be up or unchanged in 22 of the 29 estimating States.All wheat planted area for 2020 is estimated at 44.7 million acres, down 1 percent from 2019. This represents the lowest all wheat planted area since records began in 1919. The 2020 winter wheat planted area, at 30.8 million acres, is down 1 percent from last year and down slightly from the previous estimate. Of this total, about 21.7 million acres are Hard Red Winter, 5.69 million acres are Soft Red Winter, and 3.42 million acres are White Winter. Area expected to be planted to other spring wheat for 2020 is estimated at 12.6 million acres, down 1 percent from 2019. Of this total, about 11.9 million acres are Hard Red Spring wheat. Durum planted area for 2020 is expected to total 1.29 million acres, down 4 percent from the previous year.All cotton planted area for 2020 is estimated at 13.7 million acres, down less than 1 percent from last year. Upland area is estimated at 13.5 million acres, down less than 1 percent from 2019. American Pima area is estimated at 228,000 acres, down 1 percent from 2019. Previous articleWhy Farmers Can’t Afford to Ignore P, K in Crop Nutrition PlansNext articleBayer Dicamba Training Fully Online USDA Communicationslast_img read more

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Trinseo Reports Fourth Quarter and Full-Year 2020 Financial Results

first_img 26.8 80.9 Adjusted EPS ($)* Long-term debt, net (0.9 Impairment charges Provision for (benefit from) income taxes 62.9 Three Months Ended 497.2 Adjusted EBITDA to Adjusted Net Income: Total Net Sales (109.3 2020 Local NewsBusiness (0.2 2019 (82.3 299.5 67.0 33.9 (2.2 39.4 199.9 588.7 ) 219.0 Other assets 2020 6 (Unaudited) 2.6 (206.7 $ 0.20 $ $ December 31, 14 72 127 $ $ Operating income (loss) $ 2020 79 Other noncurrent obligations 145.4 — 341.7 (Unaudited) 352 — 2,719.9 Cash paid for cost method investment Adjusted EPS 11.9 Proceeds from the sale of businesses and other assets December 31, (In millions) Withholding taxes paid on restricted share units Synthetic Rubber $ Weighted average shares calculated for the purpose of forecasting EPS and Adjusted EPS do not forecast significant future share transactions or events, such as repurchases, significant share-based compensation award grants, and changes in the Company’s share price. These are all factors which could have a significant impact on the calculation of EPS and Adjusted EPS during actual future periods. 18.8 TRINSEO S.A. $ (53) – (70) 149.2 7.0 $ 280 (82.3 2020 39.3 13.7 Restructuring and other charges (a) 767.1 Depreciation and amortization Provision for income taxes – Adjusted (f) Previous articleOregon leads Pac-12 in recruiting for third straight yearNext articleHow major US stock indexes fared Wednesday Digital AIM Web Support (i) $ 33.5 Three Months Ended 194.8 Engineered Materials net sales of $60 million for the quarter increased 5% versus prior year due mainly to higher sales volume to consumer electronics applications in Asia and TPE applications in Europe. Adjusted EBITDA of $12 million was $2 million higher than prior year due mainly to higher sales volume. Sales volume increased 7% versus prior year in the fourth quarter and decreased 5% for the full year. 710.6 888.8 1.71 2,758.8 Gross profit 2020 $ ) 328.9 167 – 200 $ 92.0 Other items for the three months ended December 31, 2020 primarily relate to fees incurred in conjunction with certain of the Company’s strategic initiatives. Other items for the year ended December 31, 2020 and the three months and year ended December 31, 2019 primarily relate to advisory and professional fees incurred in conjunction with our initiative to transition business services from Dow, including certain administrative services such as accounts payable, logistics, and IT services, , which was substantially completed in 2020, as well as fees incurred in conjunction with certain of the Company’s strategic initiatives. Twitter 34.5 54.6 252.4 Repayments of 2022 Revolving Facility Inventories 888.8 $ $ 15.1 32.6 ) 2,845.2 (11.2 Net proceeds from draw on 2022 Revolving Facility $ Current liabilities 12.6 $ 2.05 $ (1.4 Noncurrent lease liabilities – operating ) 858.4 — 268.2 Free Cash Flow Adjusted EBITDA $ $ (25.0 351.8 Equity in earnings of unconsolidated affiliates 67.0 400 – 450 Proceeds from the settlement of hedging instruments Adjusted EBITDA $ *For a reconciliation of EBITDA, Adjusted EBITDA, and Adjusted Net Income, all of which are non-GAAP measures, to Net Income, as well as a reconciliation of Free Cash Flow and Adjusted EPS, see Notes 2 and 3 to the financial statements included below. 300.0 Cash provided by operating activities 2,845.2 3,035.5 149.2 5.7 65.7 92.0 $ 92.0 16.9 Effect of exchange rates on cash 39.2 38.3 47.6 Net income per share- basic Polystyrene 39.1 $ December 31, $ 78.3 2019 149 2019 134.3 39.0 (c) EBITDA* Net income per share- diluted Liabilities and shareholders’ equity * The results of this segment are comprised entirely of earnings from Americas Styrenics, our 50%-owned equity method investment. As such, we do not separately report net sales of Americas Styrenics within our condensed consolidated statements of operations. – 0.14 $ 0.20 100.0 Less: Restricted cash, included in “Other current assets” TRINSEO S.A. 149.6 Condensed Consolidated Statements of Operations Depreciation and amortization December 31, ) 1.84 $ ) Net Income $ (135) $ 104.6 (104.3 (In millions, except per share data) By Digital AIM Web Support – February 3, 2021 First quarter results are expected to benefit from a continuation of positive trends in both volume, such as in automotive and appliances, and margins, such as in ABS and polystyrene. Commenting on the outlook for 2021, Bozich said, “We look forward to 2021 as an exciting time for Trinseo. Despite the continued economic impact risk of COVID-19, which we are closely monitoring, we expect significant earnings improvement in 2021. We are starting the year with a very strong balance sheet on the heels of a solid quarter of earnings with the expectation of continued strong demand in the first quarter, particularly in tires, automotive and appliances.” Bozich continued, “We will continue to act on our strategy of growing the business in areas with higher margins and less cyclicality by investing in Engineered Materials and CASE applications, including the acquisition of Arkema’s MMA/PMMA business. We are still on track to close this transaction by mid-year, at which time we also hope to have concluded our efforts around the exploration of a potential sale of the Synthetic Rubber business. Our strategy, along with a continued focus on our 2030 sustainability goals, will position Trinseo as an advanced specialty and sustainable solutions provider.” Conference Call and Webcast Information Trinseo will host a conference call to discuss its fourth quarter and full year 2020 financial results on Thursday, February 4, 2021 at 10 a.m. Eastern Time. Commenting on results will be Frank Bozich, President and Chief Executive Officer, David Stasse, Executive Vice President and Chief Financial Officer, and Andy Myers, Director of Investor Relations. For those interested in asking questions during the Q&A session, please register using the following link:Conference Call Registration After registering for the conference call, you will receive a confirmation email with a meeting invitation and information for entry. Registration is open through the live call, but it is advised that you register in advance to ensure you are connected for the full call. For those interested in listening only, please register for the webcast using the following link:Webcast Registration (available 20 minutes before the call) Trinseo has posted its fourth quarter and full-year 2020 financial results on the Company’s Investor Relations website. The presentation slides will also be made available in the webcast player prior to the conference call. The Company will also furnish copies of the financial results press release and presentation slides to investors by means of a Form 8-K filing with the U.S. Securities and Exchange Commission. A replay of the conference call and transcript will be archived on the Company’s Investor Relations website shortly following the conference call. The replay will be available until February 4, 2022. About Trinseo Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber. We are focused on delivering innovative and sustainable solutions to help our customers create products that touch lives every day — products that are intrinsic to how we live our lives — across a wide range of end-markets, including automotive, consumer electronics, appliances, medical devices, lighting, electrical, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.0 billion in net sales in 2020, with 32 manufacturing sites around the world and approximately 2,600 employees. For more information visit www.trinseo.com. Use of non-GAAP measures In addition to using standard measures of performance and liquidity that are recognized in accordance with accounting principles generally accepted in the United States of America (“GAAP”), we use additional measures of income excluding certain GAAP items (“non-GAAP measures”), such as Adjusted Net Income, EBITDA, Adjusted EBITDA and Adjusted EPS and measures of liquidity excluding certain GAAP items, such as Free Cash Flow. We believe these measures are useful for investors and management in evaluating business trends and performance each period. These measures are also used to manage our business and assess current period profitability, as well as to provide an appropriate basis to evaluate the effectiveness of our pricing strategies. Such measures are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance or liquidity, as applicable. The definitions of each of these measures, further discussion of usefulness, and reconciliations of non-GAAP measures to GAAP measures are provided in the Notes to Condensed Consolidated Financial Information presented herein. Cautionary Note on Forward-Looking Statements This press release may contain “forward-looking statements” including, without limitation, statements concerning plans, objectives, goals, projections, expectations, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. Forward-looking statements may be identified by the use of words like “expect,” “estimate,” “will,” “may,” or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on the Company’s current expectations and assumptions regarding the Company’s business, the timing of the proposed acquisition of the Arkema MMA and PMMA business (the “Acquisition”); estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities and cost synergies relating to the Acquisition, the impact from the COVID-19 pandemic, the economy and other future conditions. Specific factors that could cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, risks related to the occurrence of any event, change or other circumstances that could give rise to the termination of or failure to complete the Acquisition or the agreements and transactions contemplated thereby; the failure of the Company to meet the conditions to closing of the Acquisition, including those conditions related to antitrust, works council and other regulatory approvals; the failure to obtain the financing necessary, at terms acceptable to the Company to fund the Acquisition; costs related to the proposed Acquisition and the impact of the substantial indebtedness to be incurred to finance the Acquisition; the ability of the post-Acquisition company to meet its financial and strategic goals, due to, among other things, its ability to grow and manage growth profitability, maintain relationships with customers and retain its key employees; the possibility that the post-Acquisition Company may be adversely affected by other economic, business, and/or competitive factors; the Company’s ability to successfully integrate the acquired businesses or generate expected cost savings and synergies from the Acquisition; the ongoing impact of the COVID-19 pandemic and those factors discussed in the Company’s Annual Report for the year ended December 31, 2019 filed with the Securities and Exchange Commission (“SEC”), in subsequent Quarterly Reports on Form 10-Q and in other filings and furnishings made by the Company with the SEC from time to time. Other unknown or unpredictable factors could also have material adverse effects on the Company’s performance. As a result of these or other factors, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof and are not a guarantee of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. December 31, (17.5 Other current assets Restructuring and other charges for the 2020 and 2019 periods presented above primarily relate to charges incurred in connection with the Company’s corporate and other restructuring programs. Additionally, a portion of the restructuring and other charges for the 2020 and 2019 periods presented above relate to decommissioning, contract termination, and employee termination benefit charges incurred in connection with the upgrade and replacement of our compounding facility in Terneuzen, The Netherlands as well as our decision to cease manufacturing activities at our latex binders manufacturing facility in Livorno, Italy. 9.1 71.4 Year Ended 4.0 25.5 (65.7 $ Right-of-use assets – operating, net $ $ 67 147.9 860 Reconciling items to Adjusted EBITDA and Adjusted Net Income are not typically forecasted by the Company based on their nature as being primarily driven by transactions that are not part of the core operations of the business and, as a result, cannot be estimated without unreasonable cost or uncertainty. As such, for the forecasted full year ended December 31, 2021, we have not included estimates for these items. 0.35 Twitter 149.2 Year Ended Net sales $ 533.3 $ EPS (Diluted) ($) — 351.8 Other expense (income), net 0.20 58.0 (110.1 ) 1.1 Shareholders’ equity $ 668.9 (In millions) $ Adjusted Net Income $ 11.6 34.3 $ — Cash flows from investing activities 16.4 11.6 ) 570.8 ) Adjusted EPS $ 5.3 Income (loss) before income taxes December 31, (45) December 31, Interest expense, net Investments in unconsolidated affiliates 2019 ) 176.1 58.9 299.5 71.6 ) 1.8 2019 ) 1.3 132.4 33.4 51.6 $ ) ) ) $millions, except per share data 3,776 918.2 Short-term borrowings, net Trinseo Reports Fourth Quarter and Full-Year 2020 Financial Results 322.5 Weighted average shares- diluted TAGS  0.9 Weighted average shares- diluted 127.6 860.2 Condensed Consolidated Statements of Cash Flows ) ) $ 209.9 WhatsApp 43.6 $ Adjusted EBITDA* 173.1 0.8 ) (4.6 — 0.1 Selling, general and administrative expenses 39.3 (7.0 ) 223.6 37.8 (23.2 123.2 4.4 0.14 103.6 Cash used in financing activities 279.9 ) The three months ended December 31, 2020 excludes $1.3 million of tax expense related to provision to return adjustments. The year ended December 31, 2020 excludes $4.0 million of tax expense, which primarily relates to provision to return adjustments. The three months ended December 31, 2019 excludes a net $24.1 million tax benefit, which primarily relates to a $32.7 million benefit recorded in connection with the remeasurement of the Company’s deferred tax assets and liabilities in Switzerland due to changes in the Swiss Cantonal and Federal tax rules enacted in 2019, partially offset by a $6.2 million charge recorded to increase the Company’s reserves for uncertain tax provisions. The year ended December 31, 2019 excludes a net $31.5 million tax benefit, which primarily relates to a $40.1 million tax benefit related to the remeasurement of the Company’s deferred tax assets and liabilities in Switzerland due to changes in the aforementioned Swiss tax rules in 2019, partially offset by a $6.2 million charge recorded to increase the Company’s reserves for uncertain tax provisions. ) 828.8 588.7 (2.2 ) 39.0 131.3 5.1 (b) 2020 The acquisition purchase price hedge gain for the 2020 periods relates to the change in fair value of the Company’s forward currency hedge arrangement that economically hedges the euro-denominated purchase price of the proposed acquisition of Arkema’s PMMA business, which is projected to close in mid-2021. Pinterest 145 Facebook 255.4 457.4 Cash flows from financing activities — 7.9 — Cash and cash equivalents—end of period Latex Binders ) (In millions) Acquisition transaction and integration net costs (benefit) (b) TRINSEO S.A. ) 92 Note 1: Net sales by Segment 590.3 Year Ended Acquisition purchase price hedge gain (c) Notes to Condensed Consolidated Financial Information 0.1 (f) 0.7 2020 529.2 1,158.7 37.8 110.5 (e) 3,035.5 36.5 256.1 136.8 Facebook December 31, 102.1 — Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders and synthetic rubber, today reported its fourth quarter and full-year 2020 financial results. Net sales in the fourth quarter decreased 3% versus prior year. Lower prices, mainly due to the pass through of lower raw material costs, resulted in a 10% sales decrease which was partially offset by higher volume across all segments with the exception of Feedstocks. Fourth quarter net income of $67 million was $61 million above prior year and fourth quarter Adjusted EBITDA of $149 million was $90 million above prior year. The increase in earnings was due mainly to higher volume and margin, particularly within the Polystyrene and Base Plastics segments, as well as a favorable pre-tax net timing variance of $37 million. Net sales in the full year decreased 20% versus prior year from lower volume, due to COVID-19 impacts, and the pass through of lower raw material costs. Full-year net income of $8 million was $84 million below prior year and full-year Adjusted EBITDA of $299 million was $53 million below prior year. Lower earnings were due mainly to lower volume as a result of COVID-19 impacts as well as a $25 million unfavorable net timing variance. These impacts were partially offset by lower fixed costs as a result of restructuring and other cost reduction initiatives. Commenting on the Company’s fourth quarter and full-year performance, Frank Bozich, President and Chief Executive Officer of Trinseo, said, “2020 was a challenging year but I am extremely proud of how our team responded. During the peak of the COVID-19 pandemic in the second quarter we were able to meet all customer demand and we undertook cost and capital expenditure reduction initiatives to maximize liquidity. Demand recovery in end markets like appliances and automotive in the second half of the year, as well as commercial excellence initiatives, resulted in robust earnings in the third and fourth quarters. In fact, the fourth quarter Adjusted EBITDA was our highest result in over two years and we ended the year in a very strong liquidity position. In addition, we announced a transformative acquisition in December and continued to improve our position to compete in an increasingly sustainability-focused economy. All of this could not have been accomplished without the hard work and dedication of our employees.” Fourth Quarter Results and Commentary by Business Segment Effective October 1, 2020, the Company realigned its reporting segments to reflect the new model under which the business will be managed, which will provide increased clarity within the Performance Plastics segment. Following this change, the number of reporting segments has increased from six to seven. Five of the segments remain unchanged: Latex Binders, Synthetic Rubber, Feedstocks, Polystyrene, and Americas Styrenics. Performance Plastics has been reorganized into two separate reporting segments: Engineered Materials and Base Plastics. The new Engineered Materials segment includes the Company’s compounds and blends products sold into applications such as consumer electronics and medical, as well as thermoplastic elastomer products sold into a variety of applications including footwear and automotive. The new Base Plastics segment contains the results of the remaining product lines, including ABS, SAN and polycarbonate, as well as compounds and blends for automotive and other applications. This new structure is aligned with the Company’s strategy to invest its efforts and resources into product offerings serving applications that tend to be less cyclical and offer significantly higher growth and margin potential. In 2019 and 2020, Engineered Materials delivered margins that were more than two times the average of products serving all applications within the Company’s former Performance Plastics segment. Prior period amounts herein have been recast to reflect this new segmentation.Latex Binders net sales of $200 million for the quarter decreased 9% versus prior year due to the pass through of lower raw materials. Volumes were slightly higher than prior year as sales increases to CASE, textile, board and specialty paper applications were mostly offset by sales decreases to graphical paper applications. Adjusted EBITDA of $22 million was flat to prior year as higher sales volume was offset by net timing. In comparison to prior year, volume to CASE applications increased 13% in the fourth quarter and 5% in the full year. 131.9 2019 $ 55.4 Feedstocks $ $ 10.2 ) 2.26 $ (85.4 193.0 Three Months Ended $ $ Feedstocks Year Ended 40.3 Total liabilities and shareholders’ equity (Unaudited) 151.3 698.9 Cash provided by operating activities $ (3.7 38.6 Total assets Corporate unallocated 56.4 Proceeds from exercise of option awards $ 457.4 Asset impairment charges or write-offs for the 2020 periods presented above relate to the impairment of the Company’s styrene monomer assets in Boehlen, Germany and polybutadiene rubber (nickel and neodymium-PBR) assets in Schkopau, Germany. 3,446.9 ————————————————— $ Note 2: Reconciliation of Non-GAAP Performance Measures to Net Income EBITDA is a non-GAAP financial performance measure, which is defined as income from continuing operations before interest expense, net; income tax provision; depreciation and amortization expense. We refer to EBITDA in making operating decisions because we believe it provides our management as well as our investors with meaningful information regarding the Company’s operational performance. We believe the use of EBITDA as a metric assists our board of directors, management and investors in comparing our operating performance on a consistent basis. We also present Adjusted EBITDA as a non-GAAP financial performance measure, which we define as income from continuing operations before interest expense, net; income tax provision; depreciation and amortization expense; loss on extinguishment of long- term debt; asset impairment charges; gains or losses on the dispositions of businesses and assets; restructuring charges; acquisition related costs and benefits, and other items. In doing so, we are providing management, investors, and credit rating agencies with an indicator of our ongoing performance and business trends, removing the impact of transactions and events that we would not consider a part of our core operations. Lastly, we present Adjusted Net Income and Adjusted EPS as additional performance measures. Adjusted Net Income is calculated as Adjusted EBITDA (defined beginning with net income, above), less interest expense, less the provision for income taxes and depreciation and amortization, tax affected for various discrete items, as appropriate. Adjusted EPS is calculated as Adjusted Net Income per weighted average diluted shares outstanding for a given period. We believe that Adjusted Net Income and Adjusted EPS provide transparent and useful information to management, investors, analysts and other stakeholders in evaluating and assessing our operating results from period-to-period after removing the impact of certain transactions and activities that affect comparability and that are not considered part of our core operations. There are limitations to using the financial performance measures noted above. These performance measures are not intended to represent net income or other measures of financial performance. As such, they should not be used as alternatives to net income as indicators of operating performance. Other companies in our industry may define these performance measures differently than we do. As a result, it may be difficult to use these or similarly-named financial measures that other companies may use, to compare the performance of those companies to our performance. We compensate for these limitations by providing reconciliations of these performance measures to our net income, which is determined in accordance with GAAP. Impairment charges 66.7 456.2 (1.2 299.5 2020 167 – 200 December 31, 2019 Purchase of treasury shares $ Adjusted EBITDA $ Latex Binders ) 2019 40.7 0.14 384.1 Note 3: Reconciliation of Non-GAAP Liquidity Measures to Cash from Operations The Company uses certain measures, such as Free Cash Flow as non-GAAP measures, to evaluate and discuss its liquidity position and results. Free Cash Flow is defined as cash from operating activities, less capital expenditures. We believe that Free Cash Flow provides an indicator of the Company’s ongoing ability to generate cash through core operations, as it excludes the cash impacts of various financing transactions as well as cash flows from business combinations that are not considered organic in nature. We also believe that Free Cash Flow provides management and investors with useful analytical indicators of our ability to service our indebtedness, pay dividends (when declared), and meet our ongoing cash obligations. Free Cash Flow is not intended to represent cash flows from operations as defined by GAAP, and therefore, should not be used as alternatives for that measure. Other companies in our industry may define Free Cash Flow differently than we do. As a result, it may be difficult to use this or similarly-named financial measures that other companies may use, to compare the liquidity and cash generation of those companies to our own. The Company compensates for these limitations by providing the following detail, which is determined in accordance with GAAP. 315.6 ————————————————— 1.71 $ Net Sales Engineered Materials Capital expenditures $ Three Months Ended Net income Feedstocks net sales of $36 million for the quarter were 47% below prior year due to lower styrene pricing as well as lower styrene-related sales volume. Adjusted EBITDA of $15 million was $25 million higher than prior year due to higher styrene margins in Europe as well as a $19 million favorable net timing variance. Note that the accelerated depreciation charges incurred as part of both the Company’s corporate restructuring program and the upgrade and replacement of the Company’s compounding facility in Terneuzen, The Netherlands are included within the “Depreciation and amortization” caption above, and therefore are not included as a separate adjustment within this caption. 2019 136.0 $ ————————————————— 3,775.8 Net income 11.6 ) $ December 31, Weighted average shares – diluted (i) Free Cash Flow 38.3 2021 2.05 Net cash received for asset and business acquisitions (5.5 EPS – diluted Cash used in investing activities $ Americas Styrenics Adjusted EBITDA of $25 million for the quarter was $4 million above prior year due mainly to higher styrene volume and margin in North America, partially due to industry outages in the region. 2021 Full-Year OutlookFull-year 2021 net income of $167 million to $200 million and Adjusted EBITDA* of $400 million to $450 million, excluding any impact from net timing, the announced acquisition of Arkema’s MMA/PMMA business or the potential Synthetic Rubber divestiture. Provision for income taxes Adjusted to remove the tax impact of the items noted in (a), (b), (c), (d), (e) and (g). For the three months and full year periods, the income tax expense (benefit) related to these items was determined utilizing the applicable rates in the taxing jurisdictions in which these adjustments occurred. 80.8 (9.7 119.0 Selling, general, and administrative expenses; Other expense (income), net (19.8 212.4 322.5 Amounts exclude accelerated depreciation of $2.5 million for the year ended December 31, 2020 and $0.4 million for the three months and year ended December 31, 2019 related to the shortening of the useful life of certain fixed assets related to the Company’s corporate restructuring program. The amounts also exclude $3.1 million for the year ended December 31, 2019 related to the shortening of the useful life of certain information technology assets related to the transition of business services from The Dow Chemical Company (noted in (e) above). 40.7 Provision for (benefit from) income taxes 34.8 $ (0.5 ) 21.7 106.2 December 31, Cash flows from operating activities 9.9 2.28 Asset impairment charges or write-offs (d) (12.6 7.9 Year Ended Interest expense, net 20.8 Other items (e) Americas Styrenics Engineered Materials 299 $ — 902.8 2020 45.0 Repayments of 2024 Term Loan B 34.4 860.2 Adjusted Net Income* $ 10.0 (38.9 Year Ended $ (7.3 Synthetic Rubber 1,162.6 ) 11.6 39.1 40.7 $ (0.4 — ) 269.2 Base Plastics Americas Styrenics* Adjusted EBITDA 438.2 32.6 Cash and cash equivalents Adjusted Net Income $ 2019 18.1 59 $ 79.0 $ 80.4 For the same reasons discussed above, we are providing the following reconciliation of forecasted net income to forecasted Adjusted EBITDA and Adjusted EPS for the full year ended December 31, 2021. See “Note on Forward-Looking Statements” above for a discussion of the limitations of these forecasts. ) 17.9 38.6 809.4 — $ (a) 10.0 (24.2 Interest expense, net 2.26 Other expense (income), net 2,758.8 4.33 – 5.18 ) $ 22.3 319.7 188.1 9.4 588.7 0.35 27 (0.6 ) 441.3 1.7 $ Reconciling items to Adjusted EBITDA (h) 351.8 14.5 ) Acquisition transaction and integration net costs for the 2020 periods presented above primarily relate to expenses incurred for the Company’s pending acquisition of the PMMA business from Arkema. Acquisition transaction and integration net benefit amounts for the 2019 periods presented above are primarily comprised of the bargain purchase gain recorded in conjunction with our acquisition of latex binders production assets and related site infrastructure in Rheinmünster, Germany, partially offset by certain jurisdictional asset transfer taxes and advisory and professional fees incurred related to this acquisition. Base Plastics ) 2020 1,156.3 224 Polystyrene 1.84 $ Other expense (income), net Synthetic Rubber net sales of $102 million for the quarter increased 2% versus prior year. Higher SSBR and ESBR sales volume and favorable currency increased sales by 16% and 7%, respectively. These impacts were mostly offset by lower pricing from the pass through of lower raw materials. Demand in the tire market was consistent with the third quarter. Adjusted EBITDA of $16 million, the strongest result since the second quarter of 2018, was $4 million higher than prior year as a favorable net timing variance of $4 million and higher sales volume were partially offset by lower fixed cost absorption. The Company continues to evaluate the potential divestiture of the segment. 52.8 $ 2020 December 31, Selling, general, and administrative expenses; Other expense (income), net $ 12.6 24.6 ) 5.6 December 31, $ (26.0 ) ) 1.74 (82.1 68.7 Cost of sales 58.9 Three Months Ended (61.8 (Unaudited) Net Income 58.9 $ Dividends paid 889 Capital expenditures 43.6 $ 101.2 TRINSEO S.A. Cash, cash equivalents, and restricted cash—beginning of period Weighted average shares- basic 91.1 Adjusted EBITDA by Segment: (d) (10.6 39.3 ————————————————— Net gain on disposition of businesses and assets $ $ (g) Interest expense, net 2019 8 3.13 (In millions, except per share data) 45.7 Reconciling items to Adjusted Net Income (h) (119.7 24.6 8.7 (100.0 20.8 31.5 Polystyrene net sales of $193 million for the quarter were 10% above prior year from higher sales volume as demand in applications like appliances, construction and packaging remained strong. Adjusted EBITDA of $34 million was $29 million higher than prior year due to higher margins, particularly in Asia, resulting from commercial excellence initiatives, higher sales volume, and a favorable net timing variance of $9 million. — 51.5 38.6 Property, plant, equipment, goodwill, and other intangible assets, net 5.7 25.9 Accounts receivable, net Condensed Consolidated Balance Sheets — Assets 240.1 (0.7 $ ) (7.3 3,775.8 111.2 12.4 2019 (In millions) 59.5 43.6 – ) $ 456.2 Cash, cash equivalents, and restricted cash—end of period 66.7 127.3 2020 3.13 BERWYN, Pa.–(BUSINESS WIRE)–Feb 3, 2021– Trinseo (NYSE: TSE): EBITDA 0.8 (h) Pinterest 527.6 4.33 – 5.18 255.4 885.0 $ Depreciation and amortization – Adjusted (g) Selling, general, and administrative expenses; Other expense (income), net (21.4 $ Year Ended ) 10.0 ) (110.1 — (In millions, except per share data) 119.0 — (6.9 (23.2 ) 60.0 Net change in cash, cash equivalents, and restricted cash 3,036 View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005937/en/ CONTACT: Press Contact: Trinseo Dina Pokedoff Tel : +1 610-240-3307 Email:[email protected] Contact: Trinseo Andy Myers Tel : +1 610-240-3221 Email:[email protected] KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING MANUFACTURING PACKAGING ENGINEERING CHEMICALS/PLASTICS SOURCE: Trinseo Copyright Business Wire 2021. PUB: 02/03/2021 04:24 PM/DISC: 02/03/2021 04:23 PM http://www.businesswire.com/news/home/20210203005937/en December 31, 100.4 452.3 39.4 WhatsApp Base Plastics net sales of $269 million for the quarter were essentially flat versus prior year as higher sales volume to automotive applications as well as favorable currency impacts were offset by lower pricing, which resulted from the pass through of lower raw materials. Adjusted EBITDA of $51 million was $32 million favorable versus prior year due to higher ABS, polycarbonate and compounding margins as well as higher sales volume.last_img read more

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Strong Seller’s Market

first_img  Print This Post Demand Propels Home Prices Upward 2 days ago Previous: Fannie Weighs in on Housing Sentiment Next: The Week Ahead: Eye on U.S. Mortgage Performance Trends Tagged with: Housing Market Inventory Minneapolis Minnesota Pro Teck Sevices Housing Market Inventory Minneapolis Minnesota Pro Teck Sevices 2018-12-07 Donna Joseph Subscribe Demand Propels Home Prices Upward 2 days ago Share Save December 7, 2018 985 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Strong Seller’s Market Strong Seller’s Marketcenter_img About Author: Donna Joseph in Daily Dose, Featured, Market Studies, News, Servicing Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Minneapolis/St. Paul/Bloomington, Wisconsin featured in the top 10 list of hottest markets in Pro Teck Sevices’ Housing Market Report for the first time. In its monthly housing value forecast, Pro Teck took a closer look at some of the activities in the single-family home markets in the top 200 metropolitan areas in the U.S.Quoting other sources, the report stated that Minnesota was ranked at 3 and 5 best state to live in by CNBC and 24/7 Wall Street, respectively. The rankings are based on key indicators such as poverty rates, life expectancy, population growth, unemployment rates, education, crime rates and quality of life. Factoring in these indicators, the report revealed that Minnesota recorded the highest high school graduation rate at 93.1 percent. The state also reflected the largest share of the population with post-secondary education at 74.4 percent.According to the report, Minnesota has added 37,000 jobs over the last year and recorded employment rates at 2.8 percent. It also pointed out a steady growth in the state’s population at 7.3 percent. The reports noted significant improvements in the Twin Cities’ markets over the past two years. The home prices in Minneapolis/St. Paul is up by 16 percent from pre-recession levels, the report found. Minneapolis metro is a strong seller’s market with more and more people looking to put down roots in such a favorable location. The month’s remaining inventory is at a mere 2.47. The active days on market for the metro is at just 50 days—the lowest number recorded by Pro Teck in its top 10 rankings. The number of listings saw a decline by 16 percent this month and is projected to continue, the report said.  Read the full report here. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Related Articles The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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Local services will be cut if Household Charge is not paid – Hogan

first_imgNews RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApp Facebook Google+ Twitter Twitter Homeowners who haven’t paid the 100-euro household charge are to get letters next week, warning that they’ll face penalties if they don’t pay up.The Environment Minister has told the Dail that 960-thousand out of 1.6-million homeowners have so far registered for the tax.That represents a complience rate of 60 per cent.However Phil Hogan says local services will have to be cut – unless the rest of the homeowners pay what they owe….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/06/hog830.mp3[/podcast] WhatsApp Pinterest Calls for maternity restrictions to be lifted at LUH center_img Guidelines for reopening of hospitality sector published Previous articleCEO of Ulster Bank cannot confirm when ‘technical glitch’ will be fixedNext articleSea Sessions festival gets underway in Bundoran today News Highland Google+ Local services will be cut if Household Charge is not paid – Hogan Pinterest By News Highland – June 29, 2012 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

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