Public expenditure

VICI Properties Inc. Announces Pricing of Upsized Public Offering of Common Stock

Retrieved on: 
Friday, January 13, 2023

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today the pricing of an upsized underwritten public offering of 26,350,000 shares of its common stock at a public offering price of $33.00 per share, all of which will be offered on a forward basis through the forward purchasers (as defined below) or their respective affiliates in connection with the forward sale agreements described below.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today the pricing of an upsized underwritten public offering of 26,350,000 shares of its common stock at a public offering price of $33.00 per share, all of which will be offered on a forward basis through the forward purchasers (as defined below) or their respective affiliates in connection with the forward sale agreements described below.
  • The offering is expected to close on January 18, 2023, subject to customary closing conditions.
  • Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are acting as joint book-running managers for the offering, and as representatives of the underwriters in the offering.
  • and J.P. Morgan (or their respective affiliates) (the “forward purchasers”) with respect to the shares of common stock covered by the offering.

Alcoa Corporation Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Wednesday, January 18, 2023

The unfavorable sequential impact is $35 million, which includes amounts previously accrued through September 30, 2022 and the absence of any accruals for the fourth quarter 2022.

Key Points: 
  • The unfavorable sequential impact is $35 million, which includes amounts previously accrued through September 30, 2022 and the absence of any accruals for the fourth quarter 2022.
  • Production began in the second quarter 2022, and it is anticipated that it will ship approximately 34,000 metric tons in the first quarter 2023 (Alcoa share).
  • The Company expects lower Alumina Segment Adjusted EBITDA of approximately $55 million per quarter in comparison to the fourth quarter 2022, after excluding $35 million of non-recurrence for the Alumar refinery ARO adjustment and certain other non-recurring expenses from the fourth quarter 2022, starting in the second quarter 2023 and continuing through the fourth quarter 2023.
  • Alcoa will hold its quarterly conference call at 5:00 p.m. Eastern Standard Time (EST) on Wednesday, January 18, 2023, to present fourth quarter and full year 2022 financial results and discuss the business, developments, and market conditions.

VICI Properties Inc. Announces Public Offering of Common Stock

Retrieved on: 
Thursday, January 12, 2023

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today that it has commenced an underwritten public offering of 24,000,000 shares of its common stock, all of which will be offered on a forward basis through the forward purchasers (as defined below) or their respective affiliates in connection with the forward sale agreements described below.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today that it has commenced an underwritten public offering of 24,000,000 shares of its common stock, all of which will be offered on a forward basis through the forward purchasers (as defined below) or their respective affiliates in connection with the forward sale agreements described below.
  • The underwriters of the offering also expect to be granted a 30-day option to purchase up to an additional 3,600,000 shares of the Company’s common stock from the forward purchasers solely to cover over-allotments, if any.
  • Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are acting as joint book-running managers for the offering.
  • and J.P. Morgan (or their respective affiliates) (the “forward purchasers”) with respect to the shares of common stock covered by the offering.

Arcos Dorados Holdings Inc. (NYSE: ARCO) 2023 Investor Update Event and Webcast

Retrieved on: 
Thursday, January 12, 2023

As previously announced, Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), the world’s largest independent McDonald’s franchisee, will host its 2023 Investor Update Event and Webcast on Thursday, February 02, 2023 in Alphaville, São Paulo, Brazil.

Key Points: 
  • As previously announced, Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), the world’s largest independent McDonald’s franchisee, will host its 2023 Investor Update Event and Webcast on Thursday, February 02, 2023 in Alphaville, São Paulo, Brazil.
  • The team will preview fourth quarter 2022 results and provide guidance for unit growth and capital expenditures in 2023.
  • Pre-registration is required to participate in person and must be completed by Friday, January 27, 2023, by clicking on this link: Arcos Dorados 2023 Investor Update – In Person Registration .
  • The event will also be available via webcast (Google Chrome is recommended) for those who are unable to join the event in person, using the following link: Arcos Dorados 2023 Investor Update - Webcast .

CLASS ACTION ANNOUNCEMENT: Kessler Topaz Meltzer & Check, LLP Has Filed A Securities Fraud Class Action Lawsuit Against Twist Bioscience Corporation

Retrieved on: 
Thursday, January 12, 2023

The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities class action lawsuit against Twist Bioscience Corporation (“Twist”) ( NASDAQ: TWST ) on behalf of investors who purchased or acquired Twist common stock between December 13, 2019 and November 14, 2022, inclusive (the “Class Period”).

Key Points: 
  • The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities class action lawsuit against Twist Bioscience Corporation (“Twist”) ( NASDAQ: TWST ) on behalf of investors who purchased or acquired Twist common stock between December 13, 2019 and November 14, 2022, inclusive (the “Class Period”).
  • This action, captioned Peters v. Twist Bioscience Corporation, et al., Case No.
  • Kessler Topaz Meltzer & Check, LLP encourages Twist investors who have suffered significant losses to contact the firm directly to acquire more information.
  • The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel.

Crestwood Provides Fourth Quarter Operational Update

Retrieved on: 
Wednesday, January 11, 2023

Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced that it expects fourth quarter 2022 financial results to be impacted by extreme winter weather events that adversely impacted volumes and well connect activity across Crestwood’s gathering & processing assets during the quarter.

Key Points: 
  • Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced that it expects fourth quarter 2022 financial results to be impacted by extreme winter weather events that adversely impacted volumes and well connect activity across Crestwood’s gathering & processing assets during the quarter.
  • Compared with previous expectations underpinning prior full-year 2022 guidance, Crestwood estimates fourth quarter Williston Basin gathering volumes to have decreased by approximately 15%, and Powder River Basin and Delaware Basin gas gathering volumes to have decreased by approximately 5% to 10%.
  • As a result, Crestwood anticipates that its full-year 2022 financial results will be slightly below previously provided guidance ranges.
  • Crestwood and its producer customers have fully resumed normal operations and expect these volume disruptions to be isolated to the fourth quarter.

Teledyne to Hold Investor Meetings

Retrieved on: 
Wednesday, January 11, 2023

Teledyne Technologies Incorporated (NYSE:TDY) today announced that Jason VanWees, Vice Chairman, will be holding investor meetings at the 25th Annual Needham Virtual Growth Conference on Thursday, January 12.

Key Points: 
  • Teledyne Technologies Incorporated (NYSE:TDY) today announced that Jason VanWees, Vice Chairman, will be holding investor meetings at the 25th Annual Needham Virtual Growth Conference on Thursday, January 12.
  • Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems.
  • Teledyne’s investor presentation contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management’s beliefs about the financial condition, results of operations and businesses of Teledyne in the future.
  • Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances.

German Mittelstand Leaders Brace for Recession While Finding Ways to Adapt to Ongoing Business Challenges, Third Annual J.P. Morgan Survey Finds

Retrieved on: 
Wednesday, January 11, 2023

More than half (56%) expect capital expenditures to increase, down 10% from 2022, with nearly two out of three expecting capital needs (64%) to also increase.

Key Points: 
  • More than half (56%) expect capital expenditures to increase, down 10% from 2022, with nearly two out of three expecting capital needs (64%) to also increase.
  • J. P. Morgan’s German Business Leaders Outlook surveys were conducted online from November 21 – December 8, 2022.
  • In total, 254 Mittelstand leaders (CEOs, CFOs, heads of finance and owners) from German Mittelstand companies (annual revenues ranging from €20 million to €2 billion) across various industries participated in the survey.
  • Results are within statistical parameters for validity, and the error rate is +/- 6.2% with a 95% confidence level.

ICON Issues Financial Guidance for Full Year 2023

Retrieved on: 
Tuesday, January 10, 2023

ICON plc , (NASDAQ: ICLR), a world-leading clinical research organization powered by healthcare intelligence, today announced its financial guidance for the year ending December 31, 2023.

Key Points: 
  • ICON plc , (NASDAQ: ICLR), a world-leading clinical research organization powered by healthcare intelligence, today announced its financial guidance for the year ending December 31, 2023.
  • Our outlook for 2023 reflects a continued solid demand environment albeit with persistent macroeconomic challenges, resulting in full year revenue guidance in the range of $7,940 - $8,340 million and adjusted earnings per share1 guidance in the range of $12.40 - $13.05.”
    Full year 2023 financial guidance assumptions:
    Circa $1.1 billion of free cash flow and capital expenditures of circa $200 million.
  • Excludes any potential share repurchase or M&A activity in the above guidance.
  • With respect to full year 2022, the company reaffirmed its current guidance of revenue in the range of $7,690 - $7,810 million and adjusted earnings per share1 in the range of $11.65 - $11.85.

Expensify Announces an Additional 81,999 Share Buyback Bringing 2022 Total to $12.1 Million (Including Net Settlement)

Retrieved on: 
Tuesday, January 10, 2023

This brings the total dollar amount the company has spent reducing share count to $12.1 million during 2022 (including $6.1 million in net share settlement of vested equity incentive awards).

Key Points: 
  • This brings the total dollar amount the company has spent reducing share count to $12.1 million during 2022 (including $6.1 million in net share settlement of vested equity incentive awards).
  • “Our roots are in Silicon Valley where building a company with positive cash flow is rare,” said David Barrett, Founder and CEO of Expensify.
  • The share repurchase program is designed to return value to shareholders by offsetting dilution from stock issuances and reducing share count over time.
  • Expensify is a payments superapp that helps individuals and businesses around the world simplify the way they manage money.