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Wabtec Hosts 2022 Investor Day, Outlines Strategy for Long-Term Growth and Value Creation

Wabtec Hosts 2022 Investor Day, Outlines Strategy for Long-Term Growth and Value Creation

  • Five-year financial targets include significant margin expansion, above market growth, double-digit EPS growth, and strong cash generation
  • Announces next phase of integration with target of $75 million to $90 million benefit
  • Disciplined capital allocation to maintain strong financial position and drive higher return on invested capital

PITTSBURGH–(BUSINESS WIRE)–Wabtec Corporation (NYSE: WAB) is hosting its virtual 2022 Investor Day meeting today, beginning at 8 a.m. ET. During the event, Wabtec leadership will provide updates on the industry and the company’s five-year outlook, including its long-term growth strategy, margin expansion drivers, and capital allocation plans. Wabtec’s Investor Day meeting, along with the corresponding presentation, can be accessed on the Investor Relations tab at www.WabtecCorp.com.

“Wabtec is uniquely positioned to drive strong shareholder returns as a result of our global installed base, strategic investments in innovative and sustainable technologies,” said Rafael Santana, Wabtec’s President and CEO. “These competitive strengths, along with our commitment to margin expansion and robust cash generation, will drive significant value for our shareholders. Looking ahead, Wabtec is at the center of some of the industry’s most critical trends, including zero-emission transportation, automation, safety, and productivity. We are confident we have the strategic focus, experienced team, and financial position required to drive significant value creation for our employees and shareholders.”

Five-Year Value Creation Framework

  • Mid-single digits core organic growth CAGR
  • Adjusted operating margin expansion of 250 to 300 basis points
  • Double-digit adjusted EPS growth CAGR
  • Strong cash flow generation of greater than 90 percent conversion driving disciplined capital deployment

Integration 2.0

Wabtec announced today the next phase of its restructuring plans designed to further consolidate, streamline, and simplify Wabtec’s operations and systems. Wabtec expects expenses of $135 million to $165 million over the next three years to drive a targeted benefit savings of $75 million to $90 million.

About Wabtec Corporation

Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the U.S. and worldwide. Visit Wabtec’s website at: www.WabtecCorp.com.

Information about Forward-Looking Statements

This communication contains “forward-looking” statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including statements regarding the impact of acquisitions by Wabtec, including the acquisition of GE Transportation (the “GE Transportation merger”) and Nordco, statements regarding Wabtec’s expectations about future sales and earnings, and statements about the impact of evolving global conditions on Wabtec’s business. All statements, other than historical facts, including statements regarding synergies and other expected benefits from acquisitions; statements regarding Wabtec’s plans, objectives, expectations and intentions; and statements regarding macro-economic conditions and evolving production and demand conditions; and any assumptions underlying any of the foregoing, are forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,” “continue,” “target” or other similar words or expressions. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) unexpected costs, charges or expenses resulting from acquisitions, including the GE Transportation merger; (2) uncertainty of Wabtec’s expected financial performance; (3) failure to realize the anticipated benefits of acquisitions, including the GE Transportation merger, including as a result of integrating acquired targets into Wabtec; (4) Wabtec’s ability to implement its business strategy; (5) difficulties and delays in achieving revenue and cost synergies; (6) inability to retain and hire key personnel; (7) evolving legal, regulatory and tax regimes; (8) changes in general economic and/or industry specific conditions, including the impacts of tax and tariff programs, supply chain disruptions, industry consolidation and changes in the financial condition or operating strategies of our customers; (9) changes in the expected timing of projects; (10) a decrease in freight or passenger rail traffic; (11) an increase in manufacturing costs; (12) actions by third parties, including government agencies; (13) the severity and duration of the evolving COVID-19 pandemic and the resulting impact on the global economy and, in particular, our customers, suppliers and end-markets, (14) the imposition of economic sanctions on Russia resulting from the invasion of Ukraine could lead to disruption, instability, and volatility in global markets and negatively impact our operations and financial performance; and (15) other risk factors as detailed from time to time in Wabtec’s reports filed with the SEC, including Wabtec’s annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. Any forward-looking statements speak only as of the date of this communication. Wabtec does not undertake any obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Wabtec Investor Contact

Kristine Kubacki, CFA / [email protected] / 412-450-2033

Wabtec Media Contact

Deia Campanelli / [email protected] / 773-297-0482

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Rail Maritime Mining/Minerals Transport Logistics/Supply Chain Management Natural Resources

MEDIA:

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Magellan Healthcare Debuts Sleep Health Solution

Magellan Healthcare Debuts Sleep Health Solution

New solution connects members to the right test at the right time to diagnose obstructive sleep apnea

PHOENIX–(BUSINESS WIRE)–Magellan Healthcare, the behavioral health and specialty division of Magellan Health, Inc., today announced the release of its new Sleep Health solution for payers, which is designed to ensure members get the right test at the right time through the use of sophisticated clinical intake algorithms and decision support that reduces clinical variation and repeat testing.

More than a third of American adults report they are not getting enough sleep on a regular basis.1 Obstructive sleep apnea (OSA), the most common sleep-related breathing disorder, can contribute to a variety of physical and mental health problems. OSA affects approximately 25 million Americans, particularly individuals with established risk factors and comorbid conditions such as hypertension, heart disease, stroke, diabetes, anxiety and depression. Of these, more than 80% are undiagnosed.2 Comorbidities associated with undiagnosed sleep apnea account for $30 billion annually in increased healthcare utilization and medication costs.3

Currently, more than 70% of sleep studies are conducted in hospitals or at a sleep center.4 When sleep apnea is suspected, tests at high-cost facilities are completed at five times the rate of more cost-effective home sleep tests (HSTs).5 Home sleep testing can have several advantages over in-lab polysomnography, offering eligible patients a convenient, more comfortable means of evaluation. Magellan’s Sleep Health solution utilizes expert-informed clinical guidelines and robust intake algorithms to direct providers to the most appropriate test type. Lower cost home sleep tests are recommended when clinically appropriate.

“March is National Sleep Awareness Month. Sleep is a critical determinant of sound health and wellbeing, and for many, OSA is a serious condition,” said Karen Jablonski, M.D., physician clinical reviewer for Magellan Healthcare. “Magellan’s Sleep Health solution for payers is an innovative way to tackle this critical issue by helping to ensure the appropriate assessment of sleep apnea.”

Magellan will host the following virtual event focused on sleep health:

Thursday, March 17, 2022, 2:00-3:00 p.m. ET: Join the Magellan Healthcare webinar, “Obstructive Sleep Apnea: Impacts, Diagnosis and Treatment,” with board-certified neurologist and somnologist, Dr. Karen Jablonski, physician clinical reviewer, Magellan Healthcare, and board-certified psychologist, Jamie Hanna, M.D., medical director, Magellan Healthcare, as they address the impacts of OSA on our physical and mental health and OSA diagnosis and treatment. Click here for more information and free registration.

For additional information about sleep health, visit magellanhealthcare.com/health-plans/sleep-health/.

About Magellan Healthcare:Magellan Healthcare, Inc., the healthcare business unit of Magellan Health, Inc., offers solutions for complex conditions in the areas of behavioral health and medical specialty treatment. Magellan Healthcare serves commercial health plans, employers, state and local governments, and the Federal government, including the Department of Defense. For more information, visit MagellanHealthcare.com.

About Magellan Health: Magellan Health, Inc., is a leader in managing the fastest growing, most complex areas of health, including special populations, complete pharmacy benefits and other specialty areas of healthcare. Magellan supports innovative ways of accessing better health through technology, while remaining focused on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Magellan’s customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. For more information, visit MagellanHealth.com.

(MGLN-GEN)

______________________

1.   

https://aasm.org/economic-burden-of-undiagnosed-sleep-apnea-in-u-s-is-nearly-150b-per-year/
2.   

https://aasm.org/rising-prevalence-of-sleep-apnea-in -u-s-threatens-public-health/
3.   

https://j2vjt3dnbra3ps7ll1clb4q2-wpengine.netdna-ssl.com/wp-content/uploads/2017/10/sleep-apnea-economic-crisis.pdf
4.   

Ibid
5.   

http://www.sleepreviewmag.com/2014/02/15-osa-testing-done-hsts-growing/

 

Media Contact: Lilly Ackley, [email protected], (860) 507-1923

 

KEYWORDS: United States North America Arizona

INDUSTRY KEYWORDS: Biotechnology Practice Management Managed Care Health General Health Pharmaceutical Mental Health Other Science Research Science Clinical Trials

MEDIA:

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Hawke Ventures, Venture Capital Arm to Hawke Media, Raises a Total of $25M in Second Venture Fund

With Banc of California as one of their anchor investors, Hawke Ventures raised over $25M for their next venture fund, aiming to continue assisting companies in the Martech space.

PR Newswire

LOS ANGELES, March 9, 2022 /PRNewswire/ — Hawke Ventures, a Los Angeles-based technology-focused venture capital firm, raised $25M for their second venture fund, with prominent investors such as Banc of California; former LegalZoom executives Chris Welker & Dorian Quispe; CMO of Ruggable, Linda Lai; Maropost Ventures; Executive VP & Chief Administrative Officer of BLT Enterprises, Daniel Rosenthal; along with other notable names.

Hawke Ventures was born out of Hawke Media in 2019, one of the fastest-growing digital marketing consultancies in the country. Founded and led by its current CEO Erik Huberman, the agency has assisted in the growth of over 3,500 brands to date.

Hawke Ventures raised $5.6M in its first venture fund, which invested in 18 portfolio companies, including PostScript (Forbes Billion List), Yaguara (acquired by Chord), and Instreamatic (Series A investment with Google).

“We are thrilled to be an investor in Hawke Ventures’ second fund,” said Jared Wolff, CEO of Banc of California. “Erik and the team at Hawke have a tremendous track record of helping companies drive success. Like Hawke Ventures, we are committed to finding and working with best in class entrepreneurial companies who are working to reinvent how the world does business. This new investment and partnership highlights our shared values of supporting the growth of companies, and helping clients remain competitive in a rapidly changing market.”

Hawke Venture’s investment thesis is to focus on investing $1–2M to lead in Pre-Seed and Seed deals in marketing, advertising, and ecommerce technology companies, where the venture firm already has established relationships. Leveraging the deep-rooted industry expertise of Hawke Media allows Hawke Ventures to make smarter, better-vetted, expert-driven, and reliable investments that drive strong outcomes for portfolio companies.

Erik Huberman, Founder & CEO of Hawke Media explains, “Banc of California has a strong reputation and deep expertise serving tech firms, media companies and entrepreneurs, and we’re honored the bank has chosen to bring that knowledge to Hawke Ventures as an anchor investor. Together with Banc and our other investors, we’ll continue to work toward helping entrepreneurs drive the innovation that is transforming the business landscape.”


About Hawke Ventures

Hawke Ventures is an early-stage venture fund that invests $50k–$2M in consumer companies and technology that powers consumer companies. We focus on growing US-based companies earning $20K–$100K in monthly revenue, are in the pre-seed or seed stage and have gained quantifiable traction in their market. Hawke Ventures co-invests alongside prominent angel and venture capital lead investors.
www.hawkeventures.com


About Banc of California

Banc of California, Inc. (NYSE: BANC) is a bank holding company with $9.4 billion in assets at December 31, 2021 and one wholly-owned banking subsidiary, Banc of California, N.A. (the Bank). The Bank has 37 offices including 32 full-service branches located throughout Southern California. Through our dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California. We help to improve the communities where we live and work, by supporting organizations that provide financial literacy and job training, small business support and affordable housing. With a commitment to service and to building enduring relationships, we provide a higher standard of banking. We look forward to helping you achieve your goals. For more information, please visit us at www.bancofcal.com.


About Hawke Media

Established on the idea that every modern business needs a CMO-level expert to lead marketing efforts, Hawke Media specializes in custom, data-driven, performance-focused solutions to help launch, scale, and invigorate businesses of all sizes, industries, and revenue models. Founded in 2014 by Erik Huberman and Tony Delmercado, Hawke Media is one of the nation’s fastest-growing marketing consultancies and, while headquartered in beautiful Los Angeles, now has employees in 28 different states and counting. Its mission is to bring top-tier marketing to all brands because they deserve it. Acting as a full-service outsourced CMO, Hawke offers a wide array of digital marketing services on a month-to-month, a la carte basis.
www.hawkemedia.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/hawke-ventures-venture-capital-arm-to-hawke-media-raises-a-total-of-25m-in-second-venture-fund-301498641.html

SOURCE Hawke Media

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Huazhu Group Limited Schedules Fourth Quarter and Full Year of 2021 Earnings Release on March 23, 2022

SHANGHAI, China., March 09, 2022 (GLOBE NEWSWIRE) — Huazhu Group Limited (NASDAQ: HTHT and HKEX: 1179) (“Huazhu”, “we” or “our”) a world-leading hotel group, today announced that it will schedule to release its unaudited financial results for the fourth quarter and full year of 2021 on Wednesday, March 23, 2022 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market.

The earnings release will be available on the Company’s investor relations website at https://ir.huazhu.com/news-and-events/press-releases.

Huazhu’s management will host a conference call at 9 p.m. (U.S. Eastern time) on Wednesday, March 23, 2022 (or 9 a.m. (Hong Kong time) on Thursday, March 24, 2022) following the announcement. The conference call will be a Direct Event call. All participants must preregister online prior to the call. Please use the link http://apac.directeventreg.com/registration/event/4278849 to complete the online registration at least 15 minutes prior to the commencement of the conference call. Once preregistration has been completed, participants will receive dial-in numbers, an event passcode, and a unique registrant ID. To join the conference, please dial the number you receive, enter the event passcode followed by your unique registrant ID, and you will be joined to the conference instantly. Please dial in approximately 10 minutes before the scheduled time of the call.

A recording of the conference call will be available after the conclusion of the conference call through March 31, 2022. Please dial +1 (855) 452 5696 (for callers in the US), 400 632 2162 (for callers in mainland China), 800 963 117 (for callers in Hong Kong) or +61 2 8199 0299 (for callers outside the U.S., mainland China and Hong Kong) and enter the passcode 4278849.

The conference call will also be webcast live over the Internet and can be accessed by all interested parties at the Company’s Web site, https://ir.huazhu.com.

About Huazhu Group Limited

Originated in China, Huazhu Group Limited is a world-leading hotel group. As of December 31, 2021, Huazhu operated 7,830 hotels with 753,216 rooms in operation in 17 countries. Huazhu’s brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, Blossom House, Ni Hao Hotel and CitiGO Hotel. Upon the completion of the acquisition of DH on January 2, 2020, Huazhu added five brands to its portfolio, including Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, IntercityHotel and Zleep Hotels. In addition, Huazhu also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.

Huazhu’s business includes leased and owned, manachised and franchised models. Under the lease and ownership model, Huazhu directly operates hotels typically located on leased or owned properties. Under the manachise model, Huazhu manages manachised hotels through the on-site hotel managers that Huazhu appoints, and Huazhu collects fees from franchisees. Under the franchise model, Huazhu provides training, reservations and support services to the franchised hotels, and collects fees from franchisees but does not appoint on-site hotel managers. Huazhu applies a consistent standard and platform across all of its hotels. As of December 31, 2021, Huazhu operates 14 percent of its hotel rooms under lease and ownership model, and 86 percent under manachise and franchise models.

For more information, please visit Huazhu’s website: http://ir.huazhu.com.

Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995: The information in this release contains forward-looking statements which involve risks and uncertainties. Such factors and risks include our anticipated growth strategies; our future results of operations and financial condition; economic conditions; the regulatory environment; our ability to attract and retain customers and leverage our brands; trends and competition in the lodging industry; the expected growth of demand for lodging; and other factors and risks detailed in our filings with the U.S. Securities and Exchange Commission. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project” or “continue,” the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results.

Huazhu undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Contact Information
Huazhu Investor Relations
Tel: 86 (21) 6195 9561
Email: [email protected]
http://ir.huazhu.com



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Helping Clients Prospr: Sun Life launches first-of-its-kind hybrid advice platform

Canada NewsWire


Protection, wealth, and health all in one place

TORONTO, March 9, 2022 /CNW/ – Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) is pleased to introduce Prospr by Sun Life – a first-of-its-kind hybrid advice solution. Enabled through a digital platform and a team of licenced advisors, Prospr by Sun Life empowers Canadians to select, prioritize and track their goals all in one place while offering the option to speak to a licenced advisor through phone or video call. Designed to offer Sun Life Clients and Canadians a digital-first advice solution to manage their goals, Prospr by Sun Life provides a simple and intuitive Client experience.

“At Sun Life, we listen carefully to our Clients and know their needs are evolving,” said Rowena Chan, President, Sun Life Financial Distributors (Canada) Inc. & Senior Vice-President, Distribution. “We understand that one size does not fit all when it comes to helping Canadians build a plan that supports their life goals. As part of our Client-first enterprise strategy, Prospr by Sun Life is adding to the Sun Life ecosystem by providing an option for Canadians to access both digital and human advice across their protection, health and investment needs.”

Using planning tools and an initial needs assessment, Clients can prepare personalized, living plans that can be adapted at any time. Whether starting a family, going back to school, nearing retirement, or planning for a healthier lifestyle, Prospr by Sun Life can help Clients:

  • Identify, track, and reach protection, wealth and health goals (i.e., protect loved ones after death or in case of illness or injury, support health and wellness, grow savings and investments).
  • Get holistic advice and support from a licenced advisor.
  • Securely store documents and complete important paperwork through the online platform using e-signature capabilities.

“We’re providing our Clients a new, innovative and flexible way to manage their health, wealth and protection goals, while leveraging data and our learnings to improve the Client and advisor experience,” said Daniele Farinaccia, Vice-President, Prospr by Sun Life. “We know there are Clients who prefer meeting with an advisor in person and others who want to buy products online without human intervention. Prospr by Sun Life is our technology-led solution for those who prefer a digital solution powered by a team of advisors available to discuss recommendations and product solutions when the time is right.”

To discover more about Prospr by Sun Life, visit www.prosprsunlife.ca.

About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2021, Sun Life had total assets under management of $1.44 trillion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to editors: All figures in Canadian dollars

Media Relations Contact:                                                                  
Alessandra Nigro
Director, Corporate Communications
T. 416-979-4884
[email protected]  

SOURCE Sun Life Financial Canada

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Air Lease Corporation to Speak at J.P. Morgan Industrials Conference

Air Lease Corporation to Speak at J.P. Morgan Industrials Conference

LOS ANGELES–(BUSINESS WIRE)–
Air Lease Corporation (NYSE: AL) announced today that Steven F. Udvar-Házy, Executive Chairman, John L. Plueger, Chief Executive Officer and President, and Gregory B. Willis, Executive Vice President and Chief Financial Officer, will be speaking at the J.P. Morgan Industrials Conference 2022 in New York City on Wednesday, March 16, 2022 at 10:30 a.m. Eastern Time. ALC’s participation will be broadcast live through a link on the Investors page of the Air Lease Corporation website at www.airleasecorp.com. Alternatively, virtual attendees may access the webcast directly via this link: J.P. Morgan 2022 Industrials Conference. Please visit the website prior to the webcast to register, download and install any necessary audio software.

About Air Lease Corporation (NYSE: AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. ALC routinely posts information that may be important to investors in the “Investors” section of ALC’s website at www.airleasecorp.com. Investors and potential investors are encouraged to consult the ALC website regularly for important information about ALC. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

Investors:

Mary Liz DePalma

Vice President, Investor Relations

Email: [email protected]

Jason Arnold

Assistant Vice President, Finance

Email: [email protected]

Media:

Laura Woeste

Senior Manager, Media and Investor Relations

Email: [email protected]

Ashley Arnold

Manager, Media and Investor Relations

Email: [email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Professional Services Air Transport Aerospace Manufacturing Finance

MEDIA:

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Kulicke & Soffa Announces $150 Million Accelerated Share Repurchase

PR Newswire

SINGAPORE, March 9, 2022 /PRNewswire/ — Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa,” “K&S” or the “Company”), today announced that it has entered into an accelerated share repurchase (ASR) agreement to repurchase $150 million of the Company’s common stock.  The ASR agreement was entered into pursuant to Kulicke & Soffa’s current $800 million repurchase authorization.

Kulicke & Soffa anticipates completing the transactions associated with the ASR by the end of its third fiscal quarter of 2022. At that time, the Company anticipates that approximately $340 million will remain under its current repurchase authorization. The final number of shares to be repurchased under the ASR agreement will be based on the volume-weighted average price of the Company’s common stock, less a discount, during the term of the ASR.

During its second fiscal quarter of 2022 through March 2, K&S deployed $24.4 million to repurchase 459.7 thousand shares. Cumulatively, since August 27, 2014 through March 2, 2022, $407.8 million has been deployed to repurchase an aggregate of 20.6 million shares under the Company’s current and prior repurchase authorizations.

Kulicke & Soffa ended its first fiscal quarter on January 1, 2022 with 63.3 million diluted shares outstanding.


About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is a leading provider of semiconductor, LED and electronic assembly solutions serving the global automotive, consumer, communications, computing and industrial markets. Founded in 1951, K&S prides itself on establishing foundations for technological advancement – creating pioneering interconnect solutions that enable performance improvements, power efficiency, form-factor reductions and assembly excellence of current and next-generation semiconductor devices.

Leveraging decades of development proficiency and extensive process technology expertise, Kulicke & Soffa’s expanding portfolio provides equipment solutions, aftermarket products and services supporting a comprehensive set of interconnect technologies including wire bonding, advanced packaging, lithography, and electronics assembly. Dedicated to empowering technological discovery, always, K&S collaborates with customers and technology partners to push the boundaries of possibility, enabling a smarter future.


Caution Concerning Results and Forward-Looking Statements

In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, the effects of the COVID-19 pandemic on our business, the effects of supply chain constraints on our business, and the other factors listed or discussed in our Annual Report on Form 10-K for the fiscal year ended October 2, 2021, filed on November 18, 2021, and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contacts:

Kulicke & Soffa

Marilyn Sim

Public Relations
P: +65-6880-9309
[email protected]

Kulicke & Soffa

Joseph Elgindy

Finance
P: +1-215-784-7500
[email protected]

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/kulicke–soffa-announces-150-million-accelerated-share-repurchase-301498340.html

SOURCE Kulicke & Soffa Industries, Inc.

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SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Standard Lithium Ltd. of a Class Action Lawsuit and a Lead Plaintiff Deadline of March 28, 2022 – (NYSE: SLI)

PR Newswire


NEW YORK
, March 9, 2022 /PRNewswire/ — The Gross Law Firm issues the following notice on behalf of shareholders of Standard Lithium Ltd..

Shareholders who purchased shares of SLI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/standard-lithium-ltd-loss-submission-form/?id=24412&from=4

CLASS PERIOD:
May 19, 2020 to November 17, 2021

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the LiSTR Direct Lithium Extraction technology’s extraction recovery efficiencies were overstated; (ii) accordingly, the Company’s final product lithium recovery percentage at the Demonstration Plant would not be as high as the Company had represented to investors; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

DEADLINE: March 28, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/standard-lithium-ltd-loss-submission-form/?id=24412&from=4

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of SLI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 28, 2022. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

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SOURCE The Gross Law Firm

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SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Clarivate Plc of a Class Action Lawsuit and a Lead Plaintiff Deadline of March 25, 2022 – (NYSE: CLVT)

PR Newswire


NEW YORK
, March 9, 2022 /PRNewswire/ — The Gross Law Firm issues the following notice on behalf of shareholders of Clarivate Plc.

Shareholders who purchased shares of CLVT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:
https://securitiesclasslaw.com/securities/clarivate-plc-loss-submission-form/?id=24410&from=4

CLASS PERIOD:
February 26, 2021 to December 27, 2021

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Clarivate maintained defective disclosure controls and procedures as a result of a material weakness in its internal control over financial reporting; (ii) the foregoing material weakness was not limited to how the Company accounted for warrants; (iii) as a result, Clarivate failed to properly account for an equity plan included in its acquisition of CPA Global, a global leader in Intellectual Property software and tech-enabled services; (iv) accordingly, the Company was reasonably likely to restate one or more of its previously issued financial statements following its acquisition of CPA Global; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

DEADLINE: March 25, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/clarivate-plc-loss-submission-form/?id=24410&from=4

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of CLVT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 25, 2022. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

Cision View original content:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-clarivate-plc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-march-25-2022–nyse-clvt-301498302.html

SOURCE The Gross Law Firm

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SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of FirstCash, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of March 15, 2022 – (NASDAQ: FCFS)

PR Newswire


NEW YORK
, March 9, 2022 /PRNewswire/ — The Gross Law Firm issues the following notice on behalf of shareholders of FirstCash, Inc..

Shareholders who purchased shares of FCFS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:
https://securitiesclasslaw.com/securities/firstcash-inc-loss-submission-form/?id=24409&from=4

CLASS PERIOD: This lawsuit is on behalf of all persons who purchased shares of FirstCash common stock between February 1, 2018 and November 12, 2021, both dates inclusive.

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (a) FirstCash had made more than 3,600 loans to over 1,000 active-duty members of the military and their families at usurious interest rates above 36% – and often exceeding 200% – in violation of the Military Lending Act (“MLA”) and the Consent Order Cash America had entered into with the Consumer Financial Protection Bureau (the “Order”); (b) FirstCash had failed to implement the remedial measures imposed by the Order; (c) FirstCash’s financial results were, in substantial part, the product of the Company’s violations of the MLA and the Order; and (d) as a result of the foregoing, FirstCash was exposed to a material undisclosed risk of legal, reputational and financial harm if the Company’s violations of the MLA and the Order were ever publicly disclosed.

DEADLINE: March 15, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/firstcash-inc-loss-submission-form/?id=24409&from=4

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of FCFS during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 15, 2022. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

Cision View original content:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-firstcash-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-march-15-2022–nasdaq-fcfs-301498313.html

SOURCE The Gross Law Firm