Johnston

PepsiCo Announces New Chief Financial Officer; Long-Standing CFO to Leave For Role at Disney

Retrieved on: 
Monday, November 6, 2023

James (Jamie) Caulfield is appointed Executive Vice President, Chief Financial Officer PepsiCo.

Key Points: 
  • James (Jamie) Caulfield is appointed Executive Vice President, Chief Financial Officer PepsiCo.
  • He joined the company in 1987 and assumed the role of Chief Financial Officer in 2010.
  • Johnston will join The Walt Disney Company as Chief Financial Officer following his departure from PepsiCo on November 30.
  • As a result of this transition, Jamie Caulfield will succeed Johnston as Executive Vice President, Chief Financial Officer for PepsiCo.

Open Access Fiber Networks Poised to Shake Up U.S. Broadband Market

Retrieved on: 
Thursday, October 26, 2023

Open access fiber networks, a fixture in Europe due to industry regulation, are gaining momentum in the U.S. as growth-hungry telecommunications companies are getting more creative in their approach to new revenue streams.

Key Points: 
  • Open access fiber networks, a fixture in Europe due to industry regulation, are gaining momentum in the U.S. as growth-hungry telecommunications companies are getting more creative in their approach to new revenue streams.
  • A fiber network owner/operator sells wholesale network access to multiple Internet Service Providers (ISPs), which then resell it to their respective residential and business broadband customers.
  • However, rural broadband operators could be exposed to increased competition from these networks in the years ahead.
  • And some rural markets could eventually become targets for open access network operators hungry for growth and backed by deep-pocketed investors.”

Genesco Inc. Reports Fiscal 2024 Second Quarter Results

Retrieved on: 
Thursday, August 31, 2023

Adjusted operating margin was (1.9)% of sales in the second quarter of Fiscal 2024 and 1.9% in the second quarter last year.

Key Points: 
  • Adjusted operating margin was (1.9)% of sales in the second quarter of Fiscal 2024 and 1.9% in the second quarter last year.
  • The effective tax rate for the quarter was 23.1% in Fiscal 2024 compared to 11.3% in the second quarter last year.
  • GAAP loss from continuing operations was ($31.6) million in the second quarter of Fiscal 2024 compared to earnings from continuing operations of $7.7 million in the second quarter last year.
  • Total debt at the end of the second quarter of Fiscal 2024 was $131.5 million compared with $48.9 million at the end of last year’s second quarter.

Genesco Inc. Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Thursday, May 25, 2023

Adjusted operating margin was (4.7)% of sales in the first quarter of Fiscal 2024 and 1.8% in the first quarter last year.

Key Points: 
  • Adjusted operating margin was (4.7)% of sales in the first quarter of Fiscal 2024 and 1.8% in the first quarter last year.
  • The effective tax rate for the quarter was 23.7% in Fiscal 2024 compared to 36.7% in the first quarter last year.
  • The adjusted tax rate, reflecting Excluded Items, was 23.3% in Fiscal 2024 compared to 34.7% in the first quarter last year.
  • Total debt at the end of the first quarter of Fiscal 2024 was $118.2 million compared with $14.7 million at the end of last year’s first quarter.

Michael Watling and Russell Johnston Join Seward & Kissel’s Government Enforcement and Internal Investigations Group from King & Spalding

Retrieved on: 
Tuesday, November 1, 2022

Building out our Government Enforcement and Internal Investigations Group is a strategic commitment of the firm, said Seward & Kissel managing partner Jim Cofer .

Key Points: 
  • Building out our Government Enforcement and Internal Investigations Group is a strategic commitment of the firm, said Seward & Kissel managing partner Jim Cofer .
  • Our Government Enforcement and Internal Investigations practice has taken another large step forward with the addition of Michael and Russell, said Michael G. Considine , co-head of Seward & Kissels Litigation Group and Government Enforcement and Internal Investigations Group.
  • He will be a tremendous asset to our clients, added Jaimie Nawaday , co-head of the Government Enforcement and Internal Investigations Group.
  • Watling and Johnston come to Seward & Kissel from King & Spalding LLP, where they were both partners focusing on securities enforcement and government investigatory matters.

Przekurat Makes History With Bassmaster Elite Series Win At St. Lawrence

Retrieved on: 
Monday, July 18, 2022

Could an angler win a Bassmaster Elite Series event with a four-day limit of 20 smallmouth bass that weighed 100pounds or more?

Key Points: 
  • Could an angler win a Bassmaster Elite Series event with a four-day limit of 20 smallmouth bass that weighed 100pounds or more?
  • But with a rare stretch of calm, sunny weather and Wednesday's super moon igniting the fish, Przekurat did just that.
  • His feat earned him a spot in the prestigious Bassmaster Century Club, which recognizes a four-day total of 100 pounds.
  • In addition to making history in the Century Club, Przekurat also became the youngest Elite Series champion.

Former Fortune 50 CEO acquires major stake in The Peach Cobbler Factory

Retrieved on: 
Tuesday, April 26, 2022

LOUISVILLE, Ky., April 26, 2022 /PRNewswire/ -- Lawrence R. (Larry) Johnston, Former Chairman & CEO of Albertsons Inc. has acquired a major stake in the "Peach Cobbler Factory Franchise Company LLC" one of America's fastest growing dessert franchises.

Key Points: 
  • LOUISVILLE, Ky., April 26, 2022 /PRNewswire/ -- Lawrence R. (Larry) Johnston, Former Chairman & CEO of Albertsons Inc. has acquired a major stake in the "Peach Cobbler Factory Franchise Company LLC" one of America's fastest growing dessert franchises.
  • The Peach Cobbler Factory was founded in 2013 by Juan and Tamira Edgerton.
  • The Peach Cobbler Factory has multiple revenue streams from quick service dessert bar, catering, mobile units and delivery options.
  • The startup for a Peach Cobbler Factory location is $75,000.00 to $100,000.00 and the startup time is 60-120 days.

Energous Corporation Reports 2021 Fourth-Quarter and Full-Year Financial Results

Retrieved on: 
Thursday, February 24, 2022

Energous Corporation (NASDAQ: WATT), a leading developer of RF-based charging for wireless power networks, today announced financial results for its fourth quarter and full year ended December 31, 2021, and provided an update on its operational initiatives and marketplace progress.

Key Points: 
  • Energous Corporation (NASDAQ: WATT), a leading developer of RF-based charging for wireless power networks, today announced financial results for its fourth quarter and full year ended December 31, 2021, and provided an update on its operational initiatives and marketplace progress.
  • Energous will host a conference call to discuss fourth-quarter financial results, recent progress and prospects for the future.
  • Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures below.
  • Our reported results include certain non-GAAP financial measures, including non-GAAP net loss, non-GAAP operating expense and non-GAAP expense.

Higher Education Endowments Post Strong Returns During Pandemic But See Inflation As An Emerging Challenge

Retrieved on: 
Friday, February 18, 2022

New gifting in FY21 increased significantly, rising 15 percent over FY20, with increases in gifting activity particularly strong among small and medium-sized endowments.

Key Points: 
  • New gifting in FY21 increased significantly, rising 15 percent over FY20, with increases in gifting activity particularly strong among small and medium-sized endowments.
  • "At NACUBO, we are heartened to see donors giving to priorities in areas critical to the mission and future of higher education," Johnston said.
  • Endowments generally maintain a historical 7.5 percent target return level, reflecting spending requirements, inflation expectations, and fees and expenses.
  • NACUBO works to advance the economic vitality, business practices, and support of higher education institutions in pursuit of their missions.

Vision RNG Announces New Major Additions to Leadership Team

Retrieved on: 
Tuesday, January 25, 2022

CANONSBURG, Pa., Jan. 25, 2022 (GLOBE NEWSWIRE) -- Vision RNG, a full-service developer of landfill gas to sustainable, renewable, natural gas, has announced the addition of four major hires to its leadership team.

Key Points: 
  • CANONSBURG, Pa., Jan. 25, 2022 (GLOBE NEWSWIRE) -- Vision RNG, a full-service developer of landfill gas to sustainable, renewable, natural gas, has announced the addition of four major hires to its leadership team.
  • Prior to joining Vision RNG, Synder was the RNG operations manager for Archea Energy in Syracuse, New York.
  • "I was drawn to the incredible leadership team that Vision RNG was able to build and am thrilled to be a part of that team moving forward."
  • Johnson expressed his excitement regarding the new additions and touched on the importance of the industry experience that each individual member will bring to the Vision RNG team.