SPG

Superior Reports Full Year and Fourth Quarter 2023 Financial Results

Retrieved on: 
Thursday, March 7, 2024

“Our teams demonstrated incredible resilience in 2023 as we navigated a challenging operating environment that significantly weighed on our financial results.

Key Points: 
  • “Our teams demonstrated incredible resilience in 2023 as we navigated a challenging operating environment that significantly weighed on our financial results.
  • Income Tax Benefit for the fourth quarter of 2023 was $33 million, compared to an Income Tax Provision of $3 million in the fourth quarter of 2022.
  • The Company reported Cash Flow Provided by Operating Activities of $44 million in the fourth quarter of 2023, compared to $78 million in the fourth quarter of 2022.
  • Unlevered Free Cash Flow, a Non-GAAP financial measure, was $50 million for the fourth quarter of 2023, a decrease of $30 million compared to the fourth quarter of 2022.

Gilbane Building Company Promotes Brian Malanchuk to Business Leader in Maryland

Retrieved on: 
Thursday, February 1, 2024

BALTIMORE, Feb. 1, 2024 /PRNewswire-PRWeb/ -- Gilbane Building Company, the second-largest contractor in Greater Baltimore at over $450M annually, and a leading global builder, is pleased to announce that Brian Malanchuk has been named business leader of its Maryland office. In this new role, Malanchuk will oversee the day-to-day operations and growth of Gilbane in Maryland. He will focus on building a workplace culture that fosters the development of high-performing teams that deliver world-class facilities for Gilbane's clients. Malanchuk succeeds Ted Holt, who, in 2023, took an expanded role overseeing the Maryland and Washington DC metro areas. Gilbane's Washington, DC office is led by Tyler Swartzwelder.

Key Points: 
  • BALTIMORE, Feb. 1, 2024 /PRNewswire-PRWeb/ -- Gilbane Building Company, the second-largest contractor in Greater Baltimore at over $450M annually, and a leading global builder, is pleased to announce that Brian Malanchuk has been named business leader of its Maryland office.
  • In this new role, Malanchuk will oversee the day-to-day operations and growth of Gilbane in Maryland.
  • Malanchuk succeeds Ted Holt, who, in 2023, took an expanded role overseeing the Maryland and Washington DC metro areas.
  • A 20-year industry veteran, Malanchuk joined Gilbane in 2014 and has spent the last 10 years with clients across the state of Maryland.

HUB PRIVATE CLIENT LAUNCHES EXCLUSIVE HIGH NET WORTH EXCESS WILDFIRE PROGRAM TO HELP HOMEOWNERS MITIGATE WILDFIRE RISK

Retrieved on: 
Thursday, February 1, 2024

CHICAGO, Feb. 1, 2024 /PRNewswire/ -- HUB International (HUB), a leading global insurance brokerage and financial services firm, announced the launch of the new HUB High Net Worth Excess Wildfire Program to address the critical need for enhanced wildfire coverage of high value homes.

Key Points: 
  • CHICAGO, Feb. 1, 2024 /PRNewswire/ -- HUB International (HUB), a leading global insurance brokerage and financial services firm, announced the launch of the new HUB High Net Worth Excess Wildfire Program to address the critical need for enhanced wildfire coverage of high value homes.
  • The program will be offered exclusively by HUB Private Client to address the insurance and risk management needs of affluent families and individuals.
  • The proprietary offering was created to help high-net-worth homeowners secure adequate levels of coverage in areas where wildfires have increased in frequency and severity.
  • HUB High Net Worth Excess Wildfire Program is available for clients with completed homes with total insured values of less than $30 million used as a primary or secondary residence or as short-term rentals.

Encore Fiduciary (Formerly Euclid Fiduciary) Releases Authoritative Benchmark Survey on Recordkeeping Fees for Large Defined Contribution Plans

Retrieved on: 
Tuesday, January 23, 2024

CHICAGO, Jan. 23, 2024 /PRNewswire/ --  Encore Fiduciary, formerly known as Euclid Fiduciary, a division of Specialty Program Group LLC (SPG), is pleased to announce the release of a valuable resource and risk management tool for large defined contribution plan fiduciaries: The Encore Fiduciary Large-Plan Recordkeeping Benchmark Survey .

Key Points: 
  • CHICAGO, Jan. 23, 2024 /PRNewswire/ --  Encore Fiduciary, formerly known as Euclid Fiduciary, a division of Specialty Program Group LLC (SPG), is pleased to announce the release of a valuable resource and risk management tool for large defined contribution plan fiduciaries: The Encore Fiduciary Large-Plan Recordkeeping Benchmark Survey .
  • Authored by Daniel Aronowitz, President of Encore Fiduciary, this study accompanied by a detailed whitepaper, offers a comprehensive benchmark of the recordkeeping fees paid by sponsors of large defined contribution benefit plans.
  • We also wanted to lower litigation risk for plan sponsors by providing a reliable benchmark that validates the cost of plan administration and recordkeeping for large defined contribution plans."
  • The Encore recordkeeping benchmark provides concrete, reliable data for plans fiduciaries to understand what similarly sized plans are paying for recordkeeping services.

Sacks Parente Golf Expands into Club Champion Stores Nationwide

Retrieved on: 
Tuesday, January 9, 2024

CAMARILLO, CA, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf , Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces the expanded availability of its premium putters in all 126 Club Champion stores nationwide.

Key Points: 
  • CAMARILLO, CA, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Sacks Parente Golf , Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces the expanded availability of its premium putters in all 126 Club Champion stores nationwide.
  • “Club Champion is the leading name in custom club fitting services.
  • Its commitment to precision and personalized golf experiences aligns with our dedication to serving golfers of all skill levels,” said Greg Campbell, Executive Chairman, Sacks Parente Golf.
  • “Sacks Parente Golf has been a great partner and we’re excited to expand with them,” said Nick Sherburne, Club Champion’s founder.

Lomiko announces excellent results from the La Loutre graphite half-cell coin battery testing with Polaris Battery Labs, LLC, USA, and suitability as Battery Anode Material

Retrieved on: 
Wednesday, January 10, 2024

Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce it has successfully completed half-cell coin battery testing of its La Loutre graphite material with Polaris Battery Labs, LLC (“Polaris”).

Key Points: 
  • Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce it has successfully completed half-cell coin battery testing of its La Loutre graphite material with Polaris Battery Labs, LLC (“Polaris”).
  • Polaris prepared La Loutre’s coated spherical purified graphite (cSPG) material from flotation concentrate samples and subjected it to half-cell coin testing to determine its basic material electrochemical performance metrics.
  • The half-cell battery testing is now complete with exceptional results, and it is continuing with the graphite anode pouch cell construction and testing in Phase 2 with Polaris.
  • In “The Polaris Coin Cell Study”, cSPG batches were sent to Polaris in Oregon, USA, for battery testing, including half-cell coin and pouch battery testing.

RPM Reports Record Fiscal 2024 Second-Quarter Results

Retrieved on: 
Thursday, January 4, 2024

Record second-quarter adjusted EBIT was driven by gross margin expansion enabled by MAP 2025 initiatives and strength in international markets.

Key Points: 
  • Record second-quarter adjusted EBIT was driven by gross margin expansion enabled by MAP 2025 initiatives and strength in international markets.
  • During the first six months of fiscal 2024:
    Cash provided by operating activities was $767.8 million, which exceeded the previous 12-month fiscal year record, compared to $190.9 million during the prior-year period, and included an all-time quarterly record of $408.6 million during the second quarter of fiscal 2024.
  • The company expects the following in the full-year fiscal 2024:
    Consolidated sales to increase in the low-single-digit percentage range compared to prior-year record results.
  • Consolidated adjusted EBIT to increase in the low-double-digit to mid-teen percentage range compared to prior-year record results.

Sacks Parente Golf CEO Announces Resignation to Prioritize Family Health

Retrieved on: 
Friday, December 29, 2023

CAMARILLO, CA, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Sacks Parente Golf , Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces it has accepted the resignation of its Chief Executive Officer, Tim Triplett, effective immediately.

Key Points: 
  • CAMARILLO, CA, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Sacks Parente Golf , Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces it has accepted the resignation of its Chief Executive Officer, Tim Triplett, effective immediately.
  • Triplett’s decision to step down is driven by a deep commitment to his family as he redirects his focus to provide crucial support during a challenging time.
  • To respect the privacy of his family, specific details will not be disclosed.
  • “Our focus at Sacks Parente remains on growing the Company.”

Sacks Parente Golf Launches New Golf Shaft Division with the Introduction of Newton Shafts

Retrieved on: 
Monday, November 20, 2023

CAMARILLO, CA, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Sacks Parente Golf, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, proudly unveils a significant expansion of its product portfolio. Introducing “Newton,” SPG’s latest business division and the Company’s first foray into the world of golf club shafts.

Key Points: 
  • Introducing “ Newton ,” SPG’s latest business division and the Company’s first foray into the world of golf club shafts.
  • “We’re proud to introduce Newton shafts, a new business division at Sacks Parente Golf,” said Tim Triplett, President, CEO and Co-founder Sacks Parente Golf.
  • “This expansion into golf club shafts complements our well-established putter division, reflecting our ongoing commitment to innovation and quality.
  • Using the Company’s proprietary shaft design and construction, the Newton Motion shaft features four essential technologies:
    Elongated Bend Profile – SPG has created an extreme elongated bend profile that is central to the shaft’s design.

Global Marine Insurance Agency launches their new retail extended service contract business, Global Product Protection, Inc.

Retrieved on: 
Monday, November 6, 2023

CHICAGO, Nov. 6, 2023 /PRNewswire/ -- Global Marine Insurance Agency, a division of Specialty Program Group LLC (SPG), announced the launch of Global Product Protection, Inc. (GPP).

Key Points: 
  • CHICAGO, Nov. 6, 2023 /PRNewswire/ -- Global Marine Insurance Agency, a division of Specialty Program Group LLC (SPG), announced the launch of Global Product Protection, Inc. (GPP).
  • GPP offers a full menu of extended marine service contract coverages relevant to today's recreational watercraft.
  • Dealers benefit from GPP's wide range of extended service contract coverages, while boat builders gain access to tailored limited warranty products and administration services.
  • "Adding extended service contracts and limited warranties to our growing list of Marine-focused products and services will benefit our marine business clients," said Matt Anderson, President of Global Marine Insurance Agency.