Accretion

CenterPoint Energy Reports Strong Q1 2021 Earnings

Retrieved on: 
Thursday, May 6, 2021
Energy, Utilities, Oil, Gas, Corporate finance, Finance, Financial economics, Corporations, CenterPoint Energy, Centerpoint, Earnings per share, Accretion, Earnings call

I strongly believe that the strategy we laid out and the progress we have made so far more than demonstrates the unique value proposition CenterPoint offers,\xe2\x80\x9d said Dave Lesar.\nGiven the recently announced merger between Enable and Energy Transfer, CenterPoint Energy will only be presenting a Utility EPS guidance range for 2021 as Enable did not provide 2021 guidance during its recent earnings call.\nIn addition to presenting its financial results in accordance with GAAP, including presentation of income (loss) available to common shareholders and diluted earnings (loss) per share, CenterPoint Energy provides guidance based on non-GAAP income and non-GAAP diluted earnings per share.

Key Points: 
  • I strongly believe that the strategy we laid out and the progress we have made so far more than demonstrates the unique value proposition CenterPoint offers,\xe2\x80\x9d said Dave Lesar.\nGiven the recently announced merger between Enable and Energy Transfer, CenterPoint Energy will only be presenting a Utility EPS guidance range for 2021 as Enable did not provide 2021 guidance during its recent earnings call.\nIn addition to presenting its financial results in accordance with GAAP, including presentation of income (loss) available to common shareholders and diluted earnings (loss) per share, CenterPoint Energy provides guidance based on non-GAAP income and non-GAAP diluted earnings per share.
  • In addition, the 2021 Utility EPS guidance range assumes a continued re-opening of the economy in CenterPoint Energy\xe2\x80\x99s service territories throughout 2021.
  • CenterPoint Energy will continue to record its share of Enable\xe2\x80\x99s earnings as well as basis difference accretion, earnings from the Enable preferred distributions net of an associated amount of debt, interest on the Midstream note, and an allocation of corporate overhead based on Midstream Investment segment\xe2\x80\x99s relative earnings contribution until the transaction closes.\nUpon closing of the transaction, CenterPoint Energy\xe2\x80\x99s investment in Energy Transfer will be accounted for as an equity method investment with a fair value option.
  • Following the closing of the transaction, CenterPoint Energy will establish Midstream Investments EPS expected range based on the distributions from Energy Transfer and the debt and corporate allocations previously described as a component of our Midstream Investments, excluding market-to-market gains or losses recorded for the Energy Transfer investments.\n'

GFL Environmental Announces US$835 million Acquisition of Assets and Expansion of U.S. Footprint

Retrieved on: 
Wednesday, June 24, 2020
Financial ratios, Accretion, Leverage, Synergy, Economy, Articles, GFL Environmental

GFL expects that the Acquisition will significantly expand its U.S. footprint while creating an opportunity to realize meaningful synergies and earnings accretion.

Key Points: 
  • GFL expects that the Acquisition will significantly expand its U.S. footprint while creating an opportunity to realize meaningful synergies and earnings accretion.
  • The Acquisition brings a high-quality, complementary asset network and customer base to GFL's existing operations in the States of Michigan, Georgia, Alabama and Pennsylvania.
  • GFL is well positioned to fund the Acquisition with its strong balance sheet and proven access to capital markets.
  • Following completion of the Acquisition, GFL expects to maintain its current credit rating profile and leverage within previously stated ranges.

Monument Reports Third Quarter Fiscal 2020 Results

Retrieved on: 
Saturday, May 30, 2020
Amortization, Loans, Real estate, Economy, Drill, Accretion, Articles

Gross margin of $5.08 million before non-cash amortization and accretion, an increase of 184% compared to $1.79 million in the same quarter last year.

Key Points: 
  • Gross margin of $5.08 million before non-cash amortization and accretion, an increase of 184% compared to $1.79 million in the same quarter last year.
  • Gold sales generated of $11.62 million for the quarter compared to $4.60 million in the same period last year.
  • The increase in production costs reflected more gold being sold in the third fiscal quarter 2020 compared to same period last year.
  • Drilling Program Phase 1: The drill program commenced on February 26, 2020 and the first phase of this drill program was completed on March 12, 2020.

SAIC to Acquire Unisys Federal in Accretive, Strategic and Value Creating Transaction

Retrieved on: 
Thursday, February 6, 2020
Software, Mobile, Wireless, Networks, Other Defense, Professional services, Internet, Data management, Technology, White House, Federal Government, Defense, Security, Public policy, Government, Consulting, Fundamental analysis, Finance, Earnings before interest, taxes, depreciation, and amortization, Private equity, Profit, Money, Unisys, Financial ratio, Accretion, Economy, Valuation

Science Applications International Corp. (NYSE: SAIC), a premier technology integrator, today announced that it has entered into a definitive agreement to acquire Unisys Federal, in an all-cash transaction valued at $1.2 billion ($1.025 billion net of the present value of tax assets of approximately $175 million), in a highly strategic and value creating transaction.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC), a premier technology integrator, today announced that it has entered into a definitive agreement to acquire Unisys Federal, in an all-cash transaction valued at $1.2 billion ($1.025 billion net of the present value of tax assets of approximately $175 million), in a highly strategic and value creating transaction.
  • This represents a transaction multiple of approximately 10.5x CY2020 adjusted EBITDA, adjusted for the net present value of tax assets.
  • With the addition of Unisys Federal, SAIC will be a leading provider of digitial transformation services and solutions to the federal government.
  • The financial benefits of acquiring Unisys Federal are compelling, including accretion of adjusted EBITDA margins, non-GAAP earnings per share, and cash generation.

Horace Mann Reinsures $2.9 Billion Legacy Annuity Block with RGA and Describes NTA Acquisition Financing

Retrieved on: 
Monday, June 24, 2019
Primary, Secondary, Professional services, Education, Insurance, Human resources, Antioch College, Democratic education, Horace Mann, Eversheds Sutherland, Horace, Mann, Accretion, Legislatures, States of the United States, Education

We expect NTA to deliver earnings and ROE accretion in its first 12 months as part of Horace Mann, with additional long-term upside from cross-sell opportunities.

Key Points: 
  • We expect NTA to deliver earnings and ROE accretion in its first 12 months as part of Horace Mann, with additional long-term upside from cross-sell opportunities.
  • In 2020, we expect core EPS growth of at least 10%, as NTA will be part of Horace Mann for the full year.
  • As announced in December 2018, Horace Mann is acquiring supplemental insurance provider NTA for a stated purchase price of $405 million.
  • Guggenheim Securities is acting as financial advisor to Horace Mann and Eversheds Sutherland (US) LLP is acting as legal counsel to Horace Mann.