Tax Receivable Agreements

El Pollo Loco Holdings, Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023
Adjustment, Meal, Insurance, IPO, Interim, Sale, Loss, Holiday, Vii, Food, Public expenditure, EBITDA, G&A, Share repurchase, GAAP, Tax Receivable Agreements, Net income, Sellers, Comparable, Growth, Income tax, Webcast, Restaurant, Revolver, External commercial borrowing, Depreciation, Drink, Overalls, El Pollo Loco, Video game, Food delivery, Fast food, Bookkeeping, Bank, Cryptocurrency

COSTA MESA, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended September 27, 2023.

Key Points: 
  • COSTA MESA, Calif., Nov. 02, 2023 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended September 27, 2023.
  • Income from operations in the third quarter of 2023 was $13.7 million, compared to $6.9 million in the third quarter of 2022.
  • Since the date of their sale, these restaurants are now included in the total number of franchised El Pollo Loco restaurants.
  • The Company will host a conference call to discuss financial results for the third quarter of 2023 today at 4:30 PM Eastern Time.

Portillo’s Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023
Adjustment, Insurance, Food, EBITDA, GAAP, Growth, Restaurant, OAK, Tax Receivable Agreements, Total, Investment, Video game, Bookkeeping

In the quarter ended September 24, 2023, we saw continued revenue growth and same restaurant sales growth.

Key Points: 
  • In the quarter ended September 24, 2023, we saw continued revenue growth and same restaurant sales growth.
  • Total revenue grew 10.4% during the quarter ended September 24, 2023 and 12.8% for the three quarters ended September 24, 2023.
  • Same-restaurant sales grew 3.9% during the quarter ended September 24, 2023, compared to 5.8% same-restaurant sales growth during the same quarter in 2022.
  • We opened one restaurant subsequent to September 24, 2023 and plan to open five additional restaurants in the fourth quarter of 2023.

Fluence Energy, Inc. Reports Third Quarter Fiscal 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
News, Table, Bank statement, Policy, Tax Receivable Agreements, GAAP, Cell, EDT, NMC, Adjusted gross income, Inflation, Cautionary tale, PIN, EBITDA, Depreciation, Growth, Inflation Reduction Act of 2022, ITC, Free cash flow, Adjustment, Northvolt, Rare-earth element, Video game, Security (finance), Bank, Radiant exposure

ARLINGTON, Va., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a leading global pure-play provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three months ended June 30, 2023.

Key Points: 
  • Total backlog3 of approximately $2.9 billion as of June 30, 2023, compared to approximately $2.8 billion as of March 31, 2023.
  • We are raising our fiscal year 2023 revenue guidance to a range of $2.0 billion to $2.1 billion and our fiscal year 2023 Adjusted gross profit5 guidance to a range of $117 million to $132 million.
  • Furthermore, the Company is increasing its fiscal year 2023 Adjusted gross profit7 guidance range to $117 million to $132 million.
  • The Company will conduct a teleconference starting at 8:30 a.m. EDT on Thursday, August 10th, 2023, to discuss the third fiscal quarter results.

El Pollo Loco Holdings, Inc. Announces Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 3, 2023
Insurance, IPO, Loss, Food, Drink, Comparable, Overalls, Tax Receivable Agreements, Income tax, G&A, GAAP, Sale, Public expenditure, EBITDA, Holiday, Restaurant, Net income, Vii, Webcast, Depreciation, Growth, Adjustment, Social media, Video game, Food delivery, Security (finance), Bookkeeping, Fast food

COSTA MESA, Calif., Aug. 03, 2023 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended June 28, 2023

Key Points: 
  • COSTA MESA, Calif., Aug. 03, 2023 (GLOBE NEWSWIRE) -- El Pollo Loco Holdings, Inc. (Nasdaq: LOCO) today announced financial results for the 13-week period ended June 28, 2023
    Highlights for the second quarter ended June 28, 2023 compared to the second quarter ended June 29, 2022 were as follows:
    Total revenue was $121.5 million compared to $124.1 million.
  • Income from operations in the second quarter of 2023 was $10.9 million, compared to $10.4 million in the second quarter of 2022.
  • General and administrative expenses in the second quarter of 2023 was $11.1 million, compared to $9.7 million in the second quarter of 2022.
  • The Company will host a conference call to discuss financial results for the second quarter of 2023 today at 4:30 PM Eastern Time.

Portillo’s Inc. Announces Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 3, 2023
Insurance, Maintenance, Advertising, Food, Software, OAK, Tax Receivable Agreements, Income tax, GAAP, EBITDA, Investment, Restaurant, Depreciation, Adjustment, Environment, Second, Total, Video game, Bookkeeping, Cryptocurrency, Tourism

Total revenue grew 12.3% during the quarter ended June 25, 2023 and 14.1% for the two quarters ended June 25, 2023.

Key Points: 
  • Total revenue grew 12.3% during the quarter ended June 25, 2023 and 14.1% for the two quarters ended June 25, 2023.
  • Labor expenses, as a percentage of revenue, slightly increased during the second quarter of 2023 compared to the same quarter in 2022.
  • Restaurant-Level Adjusted EBITDA* for the second quarter ended June 25, 2023 was $42.7 million compared to $38.4 million for the second quarter ended June 26, 2022, an increase of $4.3 million or 11.3%.
  • Adjusted EBITDA* for the second quarter ended June 25, 2023 was $29.2 million compared to $27.6 million for the second quarter ended June 26, 2022, an increase of $1.6 million or 5.8%.

Parallaxes Capital Joins the Ceres Investor Network

Retrieved on: 
Wednesday, August 2, 2023
Ceres, Policy, ESG, Tax Receivable Agreements, Social, Fraud, PC, Tax, Cryptocurrency

NEW YORK, Aug. 2, 2023 /PRNewswire/ -- Parallaxes Capital ("PC"), a leading alternative asset manager focused on Tax Receivable Agreements ("TRAs"), announced today that it has joined the Ceres Investor Network ("Ceres").

Key Points: 
  • NEW YORK, Aug. 2, 2023 /PRNewswire/ -- Parallaxes Capital ("PC"), a leading alternative asset manager focused on Tax Receivable Agreements ("TRAs"), announced today that it has joined the Ceres Investor Network ("Ceres").
  • "Parallaxes Capital is committed to integrating ESG principles into our investment strategy," said Andy Lee, Founder and Chief Investment Officer of Parallaxes Capital.
  • Ceres' focus on engaging companies and investors to drive the adoption of sustainability practices directly complements PC's objective of integrating ESG principles into its investment strategy.
  • PC also recently published a new report discussing how TRAs can be leveraged as a strategic tool to foster sustainable practices in ESG frameworks.

Parallaxes Joins United Nations-Supported Principles for Responsible Investment

Retrieved on: 
Monday, July 10, 2023
Organization, PRI, ESG, Tax Receivable Agreements, Social, Fraud, Socially responsible investing, Principles for Responsible Investment, United, Principle, Tax, Cryptocurrency

NEW YORK, July 10, 2023 /PRNewswire/ -- Parallaxes Capital ("PC"), a leading alternative asset manager focused on Tax Receivable Agreements ("TRAs"), announced today that it has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI).

Key Points: 
  • NEW YORK, July 10, 2023 /PRNewswire/ -- Parallaxes Capital ("PC"), a leading alternative asset manager focused on Tax Receivable Agreements ("TRAs"), announced today that it has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI).
  • "Parallaxes Capital is committed to integrating ESG principles into our investment strategy," said Andy Lee, Founder and Chief Investment Officer of Parallaxes Capital.
  • "We are pleased to welcome Parallaxes Capital as a new signatory to the PRI," said David Atkin, CEO at the Principles for Responsible Investment.
  • PC joins more than 5,000 other organizations around the world that have publicly demonstrated their commitment to responsible investment.

Parallaxes Capital Highlights Terminated TRA of a Leading Payment Solutions Provider

Retrieved on: 
Thursday, July 6, 2023
Parallax Graphics, IPO, Tax Receivable Agreements, TRA, Ecosystem, Acquisition, Nuvei, PAYA, Security (finance)

NEW YORK, July 6, 2023 /PRNewswire/ -- Parallaxes Capital Management ("Parallaxes") is an alternative asset manager and, since 2017, has raised four funds dedicated to Tax Receivable Agreements ("TRAs").

Key Points: 
  • NEW YORK, July 6, 2023 /PRNewswire/ -- Parallaxes Capital Management ("Parallaxes") is an alternative asset manager and, since 2017, has raised four funds dedicated to Tax Receivable Agreements ("TRAs").
  • As the market leader in monetizing TRAs, Parallaxes is dedicated to increasing the visibility and transparency of TRAs which remain an often overlooked and misunderstood asset class.
  • In the vein of creating greater visibility into the TRA ecosystem, Parallaxes is pleased to highlight a notable development in the market as PAYA Holdings Inc. ("PAYA") previously terminated its TRA.
  • PAYA disclosed that, in connection with its acquisition by Nuvei Corporation ("Nuvei"), it will make an aggregate cash payment of approximately $20 million to TRA holders to terminate the TRA.

Parallaxes Capital Highlights Terminated TRA of a Leading Provider of Electrical Solutions for Solar Projects

Retrieved on: 
Wednesday, July 5, 2023
Parallax Graphics, Shoal, IPO, Tax Receivable Agreements, TRA, Ecosystem, Security (finance)

NEW YORK, July 5, 2023 /PRNewswire/ -- Parallaxes Capital Management ("Parallaxes") is an alternative asset manager and, since 2017, has raised four funds dedicated to Tax Receivable Agreements ("TRAs").

Key Points: 
  • NEW YORK, July 5, 2023 /PRNewswire/ -- Parallaxes Capital Management ("Parallaxes") is an alternative asset manager and, since 2017, has raised four funds dedicated to Tax Receivable Agreements ("TRAs").
  • As the market leader in monetizing TRAs, Parallaxes is dedicated to increasing the visibility and transparency of TRAs which remain an often overlooked and misunderstood asset class.
  • In the vein of creating greater visibility into the TRA ecosystem, Parallaxes is pleased to highlight a notable development in the market as Shoals Technologies Group Inc. ("Shoals") terminated its TRA.
  • Parallaxes views TRAs, including the Shoals TRA, as a valuable tool to reduce certain moral hazard problems and informational asymmetry inherent in a company's public offering.

Parallaxes Capital Releases Paper on ESG and Tax Receivable Agreements

Retrieved on: 
Wednesday, May 24, 2023
Government, Tax, ESG, Tax Receivable Agreements, Social, Fraud

NEW YORK, May 24, 2023 /PRNewswire/ -- Parallaxes Capital , a leading alternative manager focused exclusively on Tax Receivable Agreements ("TRAs"), released a new piece discussing how TRAs can be leveraged as a strategic tool to foster sustainable practices in ESG frameworks.

Key Points: 
  • NEW YORK, May 24, 2023 /PRNewswire/ -- Parallaxes Capital , a leading alternative manager focused exclusively on Tax Receivable Agreements ("TRAs"), released a new piece discussing how TRAs can be leveraged as a strategic tool to foster sustainable practices in ESG frameworks.
  • The paper, "ESG and Tax Receivable Agreements: Driving the Social and Governance Aspects of ESG" dives into how TRAs can promote the social and governance goals of ESG initiatives.
  • Parallaxes Capital is the market leader in monetizing TRAs and this paper highlights how TRAs can be leveraged to promote ESG goals by incentivizing transparent tax policies, minimizing fraud, promoting stakeholder engagement, and strengthening process controls.
  • You can read more about how taxes fit into ESG frameworks here: https://parallaxescapital.com/esg-paper/