Swiss cheese model

Comfort Systems USA Announces Acquisition

Retrieved on: 
Friday, February 2, 2024
Building Systems, Manufacturing, HVAC, Commercial Building & Real Estate, Construction & Property, Partnership, Nature, Pandemic, Security (finance), Growth, GAAP, Failure, Intermountain West, Climate change, Safety, Tax, Wildfire, Annual report, Comfort Systems USA, Ventilation, Air conditioning, Weather, Drought, Depreciation, Disease, Flood, City, Acquisition, Comfort, Swiss cheese model, Insurance, Epidemic

Comfort Systems USA, Inc. (NYSE: FIX) (the “Company”) today announced that it has acquired J & S Mechanical Contractors, Inc. (“J & S”) headquartered in West Jordan, Utah.

Key Points: 
  • Comfort Systems USA, Inc. (NYSE: FIX) (the “Company”) today announced that it has acquired J & S Mechanical Contractors, Inc. (“J & S”) headquartered in West Jordan, Utah.
  • Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are extremely happy to announce that J & S is now a part of the Comfort Systems USA family of companies.
  • We look forward to a strong partnership for our collective future.”
    Comfort Systems USA® is a leading provider of commercial, industrial, and institutional heating, ventilation, air conditioning and electrical contracting services, with 172 locations in 131 cities across the nation.
  • These forward-looking statements are based on the current expectations and beliefs of Comfort Systems USA, Inc., and its subsidiaries (collectively, the “Company”) concerning future developments and their effect on the Company.

Comfort Systems USA Announces Acquisition

Retrieved on: 
Thursday, February 1, 2024
HVAC, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Nature, Pandemic, Security (finance), Growth, GAAP, Failure, Climate change, Safety, Tax, Wildfire, Annual report, Comfort Systems USA, Ventilation, Air conditioning, Weather, Drought, Depreciation, Disease, Flood, City, Acquisition, Comfort, Swiss cheese model, Insurance, Epidemic, Engineering, Video game

Comfort Systems USA, Inc. (NYSE: FIX) (the “Company”) today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas.

Key Points: 
  • Comfort Systems USA, Inc. (NYSE: FIX) (the “Company”) today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas.
  • Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are delighted to announce the closing of our agreement to acquire Summit, an extremely capable provider of modular and other complex mechanical services.
  • We are grateful that Summit has chosen to become part of Comfort Systems USA.”
    Comfort Systems USA® is a leading provider of commercial, industrial, and institutional heating, ventilation, air conditioning and electrical contracting services, with 172 locations in 131 cities across the nation.
  • These forward-looking statements are based on the current expectations and beliefs of Comfort Systems USA, Inc., and its subsidiaries (collectively, the “Company”) concerning future developments and their effect on the Company.

Comfort Systems USA Announces Acquisition

Retrieved on: 
Tuesday, January 2, 2024
HVAC, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Annual report, Tax, Depreciation, Epidemic, Failure, Pandemic, Flood, Acquisition, City, Comfort Systems USA, Wildfire, Disease, Swiss cheese model, Ventilation, Insurance, Climate change, Engineering, Weather, Growth, Drought, Safety, Air conditioning, GAAP, Security (finance), Nature, Comfort, Video game

Comfort Systems USA, Inc. (NYSE: FIX) (the “Company”) today announced that it has entered into a definitive agreement to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas.

Key Points: 
  • Comfort Systems USA, Inc. (NYSE: FIX) (the “Company”) today announced that it has entered into a definitive agreement to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas.
  • Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are extremely happy to announce that Summit and its extraordinary team of professionals have agreed to join Comfort Systems USA.
  • Summit and Comfort Systems USA have a strong cultural alignment and a shared commitment to team members at all levels.
  • These forward-looking statements are based on the current expectations and beliefs of Comfort Systems USA, Inc., and its subsidiaries (collectively, the “Company”) concerning future developments and their effect on the Company.

Ruth’s Hospitality Group, Inc. Reports Third Quarter 2022 Financial Results

Retrieved on: 
Friday, November 4, 2022
Retail, Restaurant, Bar, Company, USDA, Growth, CA, Sale, Food, Swiss cheese model, Income tax, Board, Chairperson, Energy drink, Industry, Government, Total, Ruth's Hospitality Group, Tax, COVID-19, Income, Review, U.S. Securities and Exchange Commission, Forward-looking statement, Share repurchase, Investor relations, Phrase, Goal, Security (finance), Public expenditure, Restaurant, Video game, Management, Risk management

Ruths Hospitality Group, Inc. (the Company) (Nasdaq: RUTH) today reported unaudited financial results for its third quarter ended September 25, 2022 and provided a business update.

Key Points: 
  • Ruths Hospitality Group, Inc. (the Company) (Nasdaq: RUTH) today reported unaudited financial results for its third quarter ended September 25, 2022 and provided a business update.
  • (2)
    Franchise income in the third quarter of 2022 was $4.9 million compared to $4.7 million in the third quarter of 2021.
  • The Company will host a conference call to discuss third quarter 2022 financial results today at 8:30 AM Eastern Time.
  • Ruths Hospitality Group, Inc. is a Delaware corporation formerly known as Ruths Chris Steak House, Inc., and was founded in 1965.

Ruth’s Hospitality Group, Inc. Reports Second Quarter 2022 Financial Results

Retrieved on: 
Friday, August 5, 2022
Retail, Restaurant, Bar, Swiss cheese model, U.S. Securities and Exchange Commission, Investor relations, Industry, Forward-looking statement, Phrase, CA, Technology, Growth, Share repurchase, Sale, Board, Security (finance), Restaurant, Income, Public expenditure, Government, Comparable, Marketing, Review, Chairperson, COVID-19, Company, USDA, Food, Energy drink, Tax, Ruth's Hospitality Group, Goal, Amusement park, Video game, Management, Risk management

Comparable sales increased 12.6% compared to the second quarter of 2021 and 18.6% compared to the second quarter of 2019.

Key Points: 
  • Comparable sales increased 12.6% compared to the second quarter of 2021 and 18.6% compared to the second quarter of 2019.
  • Franchise income in the second quarter of 2022 was $5.1 million compared to $4.5 million in the second quarter of 2021.
  • Second quarter 2022 comparable restaurant sales at franchisee-owned restaurants increased 12.3% compared to 2021 and 19.1% compared to the second quarter of 2019.
  • The Company will host a conference call to discuss second quarter 2022 financial results today at 8:30 AM Eastern Time.

Ruth’s Hospitality Group, Inc. Reports First Quarter 2022 Financial Results

Retrieved on: 
Friday, May 6, 2022
Retail, Restaurant, Bar, Board, COVID-19, U.S. Securities and Exchange Commission, Investment, Forward-looking statement, Share repurchase, Ruth's Hospitality Group, Company, Tax, Public expenditure, Food, Security (finance), Review, Energy drink, Industry, Investor relations, Government, Swiss cheese model, Phrase, Income, Sale, USDA, Comparable, Goal, Chairperson, Restaurant, Growth, Management, Video game, Risk management

Restaurant sales in the first quarter of 2022 were $118.7 million compared to $81.6 million in the first quarter of 2021.

Key Points: 
  • Restaurant sales in the first quarter of 2022 were $118.7 million compared to $81.6 million in the first quarter of 2021.
  • Franchise income in the first quarter of 2022 was $4.7 million compared to $3.8 million in the first quarter of 2021.
  • First quarter 2022 comparable restaurant sales at franchisee-owned restaurants increased 24.6% compared to 2021 and 8.1% compared to the first quarter of 2019.
  • The Company will host a conference call to discuss first quarter 2022 financial results today at 8:30 AM Eastern Time.

Ruth’s Hospitality Group, Inc. Reports Fourth Quarter 2021 Financial Results

Retrieved on: 
Thursday, February 24, 2022
Retail, Restaurant, Bar, Food, Beverage, Energy drink, Income, Government, Board, Phrase, Ruth's Hospitality Group, Public expenditure, Security (finance), Tax, COVID-19, Industry, Swiss cheese model, Company, Sale, Investor relations, USDA, Board of directors, U.S. Securities and Exchange Commission, Comparable, Review, Food, Share repurchase, Chairperson, Forward-looking statement, COVID, Goal, Restaurant, Video game, Food delivery, Health insurance

Franchise income in the fourth quarter of 2021 was $5.5 million compared to $3.6 million in the fourth quarter of 2020.

Key Points: 
  • Franchise income in the fourth quarter of 2021 was $5.5 million compared to $3.6 million in the fourth quarter of 2020.
  • Fourth quarter 2021 comparable restaurant sales at franchisee-owned restaurants increased 49.5% compared to 2020 and 13.9% compared to the fourth quarter of 2019.
  • As a percentage of total revenues, operating income in the fourth quarter of 2021 increased to 9.7% compared to 6.1% in the fourth quarter of 2020.
  • Excluding these items, non-GAAP diluted earnings per common share was $0.34 in the fourth quarter of 2021, compared to $0.03 in the fourth quarter of 2020.

The Predictive Power of Engineering Models for Printed Circuit Boards -- New Research from Draper

Retrieved on: 
Thursday, January 20, 2022
Government, Polychlorinated biphenyl, Direct stiffness method, IPC, Technology, Thermal conductivity, FEA, Industry, Goldman, Engineering, Method, Swiss cheese model, Solution, PCB, Printed circuit board, Draper

Now, a new predictive design tool, developed by Draper, has been tested and validated to show it can predict material failure rates and help determine design requirements for printed circuit boards and similar products.

Key Points: 
  • Now, a new predictive design tool, developed by Draper, has been tested and validated to show it can predict material failure rates and help determine design requirements for printed circuit boards and similar products.
  • In tests, engineers found that the tool accurately predicted methods to reduce and eliminate laminate crack initiation and propagation on a printed circuit board.
  • The study, prepared for IPC APEX EXPO 2022 , was conducted by designing printed circuit boards, using different configurations and materials, and subjecting the boards to environmental stresses and other tests.
  • Goldman says, "With this new capability, we have taken a big step in being able to manufacture higher quality printed circuit boards."

Church’s Chicken Completes $250 Million Securitization Issuance

Retrieved on: 
Friday, November 5, 2021
Professional Services, Retail, Restaurant, Bar, Other Professional Services, Finance, Food, Beverage, Honey, Securities Exchange Act of 1934, Restaurant, BBB, Clinton Street Baking Company & Restaurant, Safety, Securities Act of 1933, VFN, Instability, Ill, Swiss cheese model, Person, Class, Health, Education, CEO, Ownership, Technology, Barclays, Income, Growth, COVID-19, SEC Rule 144A, Facebook, Advertising, Sale, Twitter, LR, Acquisition, Food, Chicken, Note, Food safety, Investment, Marketing, Regulation, Employment, Security (finance), Risk management, Financial services, Professional Services, Retail, Restaurant, Bar, Other Professional Services, Finance, Food, Beverage, Church’s Chicken®, High Bluff Capital Partners, FS Investments, CHURCH’S CHICKEN®, HIGH BLUFF CAPITAL PARTNERS, FS INVESTMENTS

This transaction was structured as a whole business securitization through five special purpose subsidiaries (the Co-Issuers) and represents Churchs third whole business securitization issuance.

Key Points: 
  • This transaction was structured as a whole business securitization through five special purpose subsidiaries (the Co-Issuers) and represents Churchs third whole business securitization issuance.
  • The Offered Notes received a rating of BBB from Kroll Bond Rating Agency, consistent with the rating for Churchs previous whole business securitization issuance (which closed in 2017 and was refinanced concurrently with the acquisition of Churchs).
  • Having shown remarkable resiliency over the course of the pandemic through the outstanding efforts of our team members and franchisees, Churchs Chicken is moving forward with tremendous momentum, said Joe Christina, CEO of Churchs Chicken.
  • Church's (along with its sister brand Church's Texas Chicken inside the Americas and Texas Chicken outside the Americas) has more than 1,500 locations in 26 countries and international territories.

Ruth’s Hospitality Group, Inc. Reports Third Quarter 2021 Financial Results

Retrieved on: 
Friday, October 29, 2021
Retail, Restaurant, Bar, Food, Beverage, USDA, Goal, Industry, Public expenditure, Security (finance), U.S. Securities and Exchange Commission, Energy drink, Share repurchase, Food, Chairperson, Government, Review, Income, Forward-looking statement, Company, Restaurant, Phrase, Board, COVID-19, LIBOR, Investor relations, Swiss cheese model, COVID, Sale, Ruth's Hospitality Group, Tax, Video game, Bank, Food delivery, Risk management

Franchise income in the third quarter of 2021 was $4.7 million compared to $3.5 million in the third quarter of 2020.

Key Points: 
  • Franchise income in the third quarter of 2021 was $4.7 million compared to $3.5 million in the third quarter of 2020.
  • Third quarter 2021 comparable restaurant sales at franchisee-owned restaurants increased 35.6% compared to 2020 and 19.5% compared to the third quarter of 2019.
  • The Company will host a conference call to discuss third quarter 2021 financial results today at 8:30 AM Eastern Time.
  • Ruths Hospitality Group, Inc. is a Delaware corporation formerly known as Ruths Chris Steak House, Inc., and was founded in 1965.