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Archer Aviation (NYSE: ACHR) and Rocket Lab USA (NASDAQ: RKLB) are both tiny aerospace companies that went public by merging with special purpose acquisition companies ( SPACs ) in 2021. Both stocks initially soared, but they crashed after the companies missed their pre-merger estimates and racked up steep losses.
The maker of electric semi-trucks was a red-hot stock during the buying frenzy in speculative stocks in 2020, but it ran out of juice after it missed its production forecasts. million in total liabilities. Nikola 's (NASDAQ: NKLA) stock has plunged nearly 99% over the past three years. What happened to Nikola over the past three years?
Many electric vehicle (EV) start-ups went public by merging with special purpose acquisition companies (SPACs) in 2020. One of those fallen EV stocks is Canoo (NASDAQ: GOEV) , which dropped from its pre-merger high of $22 per share on Dec. 10, 2020 to its current price of about $0.64. million in total liabilities.
Nikola (NASDAQ: NKLA) initially impressed the bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 3, 2020. Instead, it was being valued based entirely on the ambitious production targets it set during its pre-merger presentation in March 2020. just six trading sessions later.
billion merger with Spirit Realty Capital in an all-stock transaction in October, which closed subsequent to year-end on January 23rd. And importantly, together with the Spirit merger, set us up to deliver a compelling earnings growth backdrop in 2024. Third, and in addition to the achievements noted above, we also announced the $9.3
Globus delivered another robust post-merger quarter in Q2 with sales of $630 million, growing 116% or $338 million. Non-GAAP EPS was $0.75, increasing 20% versus prior year even with the 35% increase in outstanding shares driven by the merger. Scavilla -- President, Chief Executive Officer, and Director Thanks, Brian. revenue grew 3.1%
While we were working on the insurance sale, we were able to come to an agreement with Denis Sheahan and the Cambridge Bancorp Board on the merger we announced in September. The merger with Cambridge meets all of our acquisition criteria in powerful ways. This is very exciting for us.
In the US, since 2020, we have executed more than $5 billion of acquisitions and over $2.5 Since closing the Callon acquisition on April 1st, we have reduced our Permian rig count from 11 down to 8, which we believe is an appropriate pace given the prevailing commodity price environment. Turning now to our key operational areas.
Additionally, the acquisitions of Rushmore Servicing and Roosevelt Management added another 32 billion and brought us best-in-class special servicing capabilities in the infrastructure to launch our first MSR fund. And as you recall, during the refi boom of 2020, we generated in excess of 1 billion in profits from originations.
Since the end of 2020, EOG has generated more than $22 billion of free cash flow and more than $25 billion in adjusted net income. It's not really defined, I think as far as, you know, a low-cost property bolt-on or significant merger and acquisition. Here's Ezra. Yacob -- Chairman and Chief Executive Officer Thanks, Pearce.
We closed a retail lending add-on in conjunction with the merger of equals between two community banks. Integrating credit cultures and portfolio management are key to the success of a bank merger, and we're proud to see another growth-minded bank leveraging nCino to help with these mission-critical merger activities.
However, as we disclosed in our last 10-Q, the announcement of the acquisition of Discover constituted a material business change. As a result, we are subject to the Federal Reserve's preapproval of our capital actions until the merger approval process has concluded. We are all in and working hard to complete the Discover acquisition.
As a reminder, the announcement of the acquisition of Discover constituted a material business change. Therefore, we continue to be subject to the Federal Reserve's pre-approval of our capital actions until the merger approval process has concluded. And turning to the Discover acquisition. Richard D.
But if you include pending acquisitions, such as Home Point, we're over 950 billion, which is nearly on top of our 1 trillion target. Also contributing to portfolio growth, we completed the acquisition of Rushmore Servicing, which now makes us one of the largest special servicers. And that is now playing out as we foresaw.
First and foremost is the transformational nature of our planned acquisition of Spirit. And we saw double-digit year over year increases in active members, enrollments, and co-brand acquisitions. Obviously, that hasn't played out quite as we expected, but hindsight's 2020. You talked about this in your prepared remarks, Robin.
You're seeing the benefit of continued strong operating results, the gain from the trust collapse we mentioned last quarter, and the accretion from closing the home point acquisition which came in consistent with our guidance. Now, turning to operations. As the market's leading servicer with 4.3
only as the Callon acquisition was subsequently closed on April 1st. On the call today, I will review our first quarter performance, discuss the compelling opportunities we are seeing after the closing of the Callon acquisition, and review our activity plan and production expectations for the remainder of 2024.
Having navigated a virtual zero profit environment in Canadian cannabis and even flirting with insolvency in 2020, we now believe that SNDL has the requisite scale and platform optionality to create shareholder value. 10 stocks we like better than SNDL When o ur analyst team has a stock tip, it can pay to listen. product opportunities.
billion in dividends while completing 17% of the fourth buyback program launched since 2020. Since 2020, we increased safety conditions up to adequate levels for 16 dams. As you know, but these surgical measures have allowed us to operate S11D with more efficiency with the highest production for our first quarter since 2020.
This was a tremendous undertaking made possible through the merger that will benefit our existing customers and help potential customers more easily see the incredible value of Cap IQ Pro. I want to take a moment to discuss an important acquisition that closed in the second quarter. Back to the theme of generative AI.
The platform demonstrates our customers' first Stratasys digital transformation capabilities, enabling value-added services through advanced supervisory control and data acquisition. And so quick follow-up there, is there any useful way to think about what the install base looks like today say relative to 2020? That's it from me.
billion in acquisitions that added to our talent capabilities and scale. This was our largest year for acquisitions in nearly two decades, aside from 2019 when we acquired JLT. Workers' compensation decreased slightly, while financial and professional liability rates were down mid-single digits. billion for acquisitions, and $1.15
Private equity dealmaking in Europe remains subdued, with buyers and sellers struggling to agree on valuations, hobbling mergers and acquisitions activity. For instance, KKR in November agreed to buy Telecom Italia’s landline network — the company’s most valuable asset — in a move aimed at slashing the phone carrier’s liabilities.
Throughout 2023, we added new heads and co-heads of equity capital markets, global mergers and acquisitions, financial institutions, financial sponsors, healthcare, and technology, media, and telecom. When we first discussed our path to improving returns on the fourth-quarter 2020 earnings call, we had an 8% ROTCE.
We are very pleased with this acquisition. We are in the process of post-merger integration, which we expect to be completed later this year. The decrease is due to the $100 million cash for the acquisition of FRT. We are very pleased with the acquisition. will increase in the coming years. This compared with $517.1
While it was a turbulent year in many ways, we ended it by delivering nearly 11% earnings growth and driving our 12-year earnings CAGR since merger to 10.3%. Combined with a 110% increase in rent since 2020, the rent retracement is understandable. So, very strong acquisition pipeline. While our portfolio was only 2.6%
And, Lia, I understand you're saying that it's a multiyear journey, but the deal was announced August 11th of 2020. Nine percent growth is OK, but I don't think that that was what you aspired to at the time of the Linx merger. I think the acquisition actually happened two years ago. So, this is multiple years.
In 2020, we committed to implement the GISTM, the Global Industry Standard for Tailings Management within the industry timeframe. The acquisition of talents like Jerome and Mark will go under the first hurdle that is execute on existing assets. Is it a merger? Next slide. Of course, we still have gaps to fulfill. Is that an IPO?
Our forward-looking statements do not reflect the potential impact of significant transactions we may enter into such as mergers, acquisitions, dispositions, joint ventures, or any material agreements that we may enter into, amend, or terminate. We assume no obligation to update these statements as circumstances change.
Of note, we've reduced headcount each quarter since the third quarter of 2020 and headcount declined 1% from the first quarter and 4% from a year ago. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. We also continue to focus on better serving our communities.
Towards this end, during Q1, we introduced Block Party, our first new Topgolf game since Angry Birds, which launched back in 2020. And then after that, we'll look at other investments and acquisitions as they come up. We are continuing to uncover new ways to improve the player experience and offer more curated products.
The second main takeaway is that unlike many in our industry, 3D systems continue to deliver organic growth, not simply through acquisition. To replicate our orthodontic success in other markets, I reorganized the company by market vertical when I arrived in 2020. You got my full support on this, the merger stuff. So good luck.
Excluding the impact of Engineering Solutions in all periods, but including approximately $10 million from this year's tuck-in acquisitions, revenue growth would have been 7%. It was as low as the second quarter of 2020 when we saw the beginning of the pandemic when everything came to a halt. M&A has been incredibly weak.
It had made more than a dozen acquisitions and was sitting on properties with the ability to eventually produce north of 600,000 kilograms (1,322,773 pounds) of cannabis annually. In March 2022, it completed its acquisition of Alcanna and became the largest private-sector liquor retailer in our neighbor to the north.
And in 2020, we launched our first growth equity fund. And we have no insurance liabilities. Yesterday, the FTC released its planned draft merger guidelines, which appeared to crack down particularly hard on platform and roll-up strategies that private equity firms have used to create some of their best outcomes.
Our forward-looking statements do not reflect the potential impact of significant transactions we may enter into such as mergers, acquisitions, dispositions, joint ventures, or any material agreements that we may enter into, amend, or terminate. since November of 2020. Thanks for taking the time to listen this evening.
The second quarter of the year continued the steady progress established in the first as we ramped up production and delivery of our next-generation Series 7 modules, reinforced our global leadership in thin-film PV with a strategic acquisition and continued our strong bookings and ASP momentum. billion that's $2.3
We started to chip away the second-lien notes with our IPO and retired the remaining 498 million in February 2020. In connection with the Eldorado-Caesars merger, we retired the CMBS debt. After we emerged in October of 2017, we got to work on fixing our balance sheet. With that, operator, please open the line for questions.
Welcome to the VICI Properties' second quarter 2020 earnings conference call. Has this led you to change how you're looking at the current acquisition pipeline? And ultimately, over time, might [Inaudible] up the BBB curve, lowering our cost of capital being able to continue to compete for asset acquisitions across the globe.
So you come outta college, you go to Pricewaterhouse Cooper and then Koch Industries where you’re focusing on convertible securities, merger, arb, and, and special situations. So I remember writing the merger, our business plan there. The unrated piece yielded 2020 5% where the rated piece would yield three to 5%.
Please note, except where otherwise noted, the company will speak to results from continuing operations excluding acquisition accounting adjustments and net non-recurring and/or significant items, often referred to by management as other significant items. of acquisition accounting adjustments, a $0.06 per share and included $0.29
Please note, except where otherwise noted, the company will speak to results from continuing operations, excluding acquisition accounting adjustments and net nonrecurring and/or significant items often referred to by management as other significant items. of acquisition accounting adjustments and $0.05 and included $0.31
Please note, except where otherwise noted, the company will speak to results from continuing operations excluding acquisition accounting adjustments and net non-recurring and or significant items, often referred to by management as other significant items. Yes, the incident that led to all of this was in March of 2020.
Please note, except where otherwise noted, the company will speak to results from continuing operations, excluding acquisition accounting adjustments and net nonrecurring and/or significant items often referred to by management as other significant items. of acquisition accounting adjustments, $0.05 billion for the year.
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