Regulate... G Funk Era, Part II

Berkshire Hathaway Inc. News Release

Retrieved on: 
Saturday, November 4, 2023

Includes certain businesses in which Berkshire had between a 20% and 50% ownership interest.

Key Points: 
  • Includes certain businesses in which Berkshire had between a 20% and 50% ownership interest.
  • Approximately $1.1 billion was used to repurchase Berkshire shares during the third quarter bringing the nine month total to approximately $7.0 billion.
  • This press release includes certain non-GAAP financial measures.
  • In addition to the GAAP presentations of net earnings, Berkshire shows operating earnings defined as net earnings exclusive of investment and derivative gains/losses and impairments of goodwill and intangible assets.

Kaiser Aluminum Corporation Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 25, 2023

FRANKLIN, Tenn., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, today announced third quarter 2023 results.

Key Points: 
  • Adjusted EBITDA of $48 million in the third quarter 2023 increased $19 million compared to the prior year period and decreased $16 million compared to the second quarter 2023.
  • Adjusted EBITDA as a percentage of conversion revenue was 13.3% in the third quarter 2023 compared to 8.9% in the prior year period and 16.8% in the second quarter 2023.
  • As a result, consolidated adjusted EBITDA in the fourth quarter 2023 is expected to be in line to slightly higher as compared to its adjusted fourth quarter 2022 results.
  • Kaiser Aluminum Corporation will host a conference call on Thursday, October 26, 2023, at 10:00 am (Eastern Time); 9:00 am (Central Time); 7:00 am (Pacific Time), to discuss its third quarter results.

Mattel Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 25, 2023

At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its third quarter financial results.

Key Points: 
  • At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its third quarter financial results.
  • To supplement our financial results presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Mattel presents certain non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission.
  • Mattel believes that the disclosure of non-GAAP financial measures provides useful supplemental information to investors to be able to better evaluate ongoing business performance and certain components of Mattel’s results.
  • The disclosure of the percentage change in constant currency enhances investor’s ability to compare financial results from one period to another.

Hasbro to Announce Third Quarter 2023 Earnings on October 26, 2023

Retrieved on: 
Tuesday, October 10, 2023

Hasbro, Inc. (NASDAQ: HAS) announced today that the company’s third quarter financial results will be released before the market open on Thursday, October 26, 2023.

Key Points: 
  • Hasbro, Inc. (NASDAQ: HAS) announced today that the company’s third quarter financial results will be released before the market open on Thursday, October 26, 2023.
  • Hasbro will webcast its third quarter 2023 earnings conference call at 8:00 a.m. Eastern Time.
  • Certain financial and statistical information included in the webcast, such as information required by Regulation G, will be available at the time of the webcast on Hasbro’s Investor Relations website at https://investor.hasbro.com .
  • The webcast and the accompanying presentation slides will be available to investors and the media on Hasbro's Investor Relations home page at https://investor.hasbro.com .

SEC Charges Newell Brands and Former CEO for Misleading Investors About Sales Performance

Retrieved on: 
Friday, September 29, 2023

Washington, D.C.--(Newsfile Corp. - September 29, 2023) - The Securities and Exchange Commission today charged Newell Brands Inc., a Georgia-based consumer products company and its former CEO, Michael Polk, with misleading investors about Newell’s core sales growth, a non-GAAP (Generally Accepted Accounting Principles) financial measure the company used to explain its underlying sales trends.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - September 29, 2023) - The Securities and Exchange Commission today charged Newell Brands Inc., a Georgia-based consumer products company and its former CEO, Michael Polk, with misleading investors about Newell’s core sales growth, a non-GAAP (Generally Accepted Accounting Principles) financial measure the company used to explain its underlying sales trends.
  • Both parties agreed to settle the SEC charges.
  • According to the order, Newell pulled sales forward into earlier quarters without adequate disclosure and engaged in accounting practices that were inconsistent with GAAP, while overriding its internal accounting controls.
  • Collectively, these measures gave the misleading appearance that Newell had achieved core sales growth in line with its targets and deprived investors of information relevant to an accurate and complete understanding of Newell’s actual sales trends.

Berkshire Hathaway Inc. News Release

Retrieved on: 
Saturday, August 5, 2023

* Includes certain businesses in which Berkshire had between a 20% and 50% ownership interest.

Key Points: 
  • * Includes certain businesses in which Berkshire had between a 20% and 50% ownership interest.
  • Approximately $1.4 billion was used to repurchase Berkshire shares during the second quarter of 2023, bringing the six-month total to $5.8 billion.
  • In addition to the GAAP presentations of net earnings, Berkshire shows operating earnings defined as net earnings exclusive of investment and derivative gains (losses) and impairments of goodwill and intangible assets.
  • In sum, investment gains (losses) for any particular period are not indicative of quarterly business performance.

Mattel Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, July 26, 2023

At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its second quarter financial results.

Key Points: 
  • At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its second quarter financial results.
  • To supplement our financial results presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Mattel presents certain non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission.
  • Mattel believes that the disclosure of non-GAAP financial measures provides useful supplemental information to investors to be able to better evaluate ongoing business performance and certain components of Mattel’s results.
  • The disclosure of the percentage change in constant currency enhances investor’s ability to compare financial results from one period to another.

Tower Semiconductor Reports 2023 Second Quarter Financial Results

Retrieved on: 
Wednesday, July 26, 2023

MIGDAL HAEMEK, Israel, July 26, 2023 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the second quarter ended June 30, 2023.

Key Points: 
  • MIGDAL HAEMEK, Israel, July 26, 2023 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the second quarter ended June 30, 2023.
  • Revenue for the second quarter of 2023 was $357 million as compared with $356 million for the first quarter of 2023.
  • Gross profit for the second quarter of 2023 was $87 million as compared with $96 million for the first quarter of 2023.
  • Investments in fixed assets were $89 million, net, for the second quarter of 2023 as compared with $105 million in the first quarter of 2023.

Kaiser Aluminum Corporation Reports Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, July 25, 2023

FRANKLIN, Tenn., July 25, 2023 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, today announced second quarter 2023 results.

Key Points: 
  • Conversion revenue for the second quarter 2023 was $379 million, reflecting an 8% increase compared to the prior year period.
  • Adjusted income per diluted share was $1.26 for the second quarter 2023, compared to adjusted loss per diluted share of $0.51 for the second quarter 2022.
  • Adjusted EBITDA of $64 million in the second quarter 2023 increased $33 million compared to the prior year period and increased $17 million compared to the first quarter 2023.
  • Kaiser Aluminum Corporation will host a conference call on Wednesday, July 26, 2023 at 11:00 am (Eastern Time); 10:00 am (Central Time); 8:00 am (Pacific Time), to discuss its second quarter results.

NextGen Healthcare Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Monday, July 24, 2023

NextGen Healthcare, Inc. (Nasdaq: NXGN), a leading provider of innovative, cloud-based healthcare technology solutions, today announced its operating results for the fiscal first quarter ending June 30, 2023.

Key Points: 
  • NextGen Healthcare, Inc. (Nasdaq: NXGN), a leading provider of innovative, cloud-based healthcare technology solutions, today announced its operating results for the fiscal first quarter ending June 30, 2023.
  • “We are pleased to report solid top and bottom-line results to start the new fiscal year,” said David Sides, president and chief executive officer of NextGen Healthcare.
  • NextGen Healthcare will host a conference call today at 5:00 p.m. EDT to discuss operating results from its fiscal 2024 first quarter.
  • The normalized non-GAAP tax rate expected to be applied to each quarter of fiscal year 2024 is 21.0%.