Market Newsdesk

Berkshire Hathaway Inc. News Release

OMAHA, Neb.–(BUSINESS WIRE)–
(BRK.A; BRK.B) – On December 14, 2007, an indirect subsidiary of Berkshire Hathaway Inc. acquired the equity of Whittaker, Clark & Daniels, Inc., Brilliant National Services, Inc., L.A. Terminals, Inc., and Soco West, Inc. These companies had ceased their operations in 2004 and sold all their operating assets prior to the acquisition, though they continued to face liabilities arising from asbestos, talc and environmental claims. No Berkshire company ever operated, or had any involvement in, the manufacturing and chemical operations that gave rise to the companies’ liabilities, and no Berkshire insurer issued it any insurance in connection with the acquisition. On April 26, 2023, these companies filed voluntary petitions under chapter 11 of bankruptcy code in the United States Bankruptcy Court for the District of New Jersey.

About Berkshire

Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005844/en/

Marc D. Hamburg

402-346-1400

KEYWORDS: Nebraska United States North America

INDUSTRY KEYWORDS: Other Energy Professional Services Online Retail Utilities Energy Technology Food/Beverage Other Manufacturing Retail Rail Insurance Transport Manufacturing

MEDIA:

Posted on April 27, 2023 1:04 pm

AssetMark’s Carrie Hansen Named COO of the Year at the OnCon Icon Awards

CONCORD, Calif., April 27, 2023 (GLOBE NEWSWIRE) — AssetMark (NYSE: AMK), a leading wealth management platform for financial advisors, is excited to announce that Carrie Hansen, the company’s Executive Vice President and Chief Operating Officer, has been named COO of the Year for the 2023 OnCon Icon Awards by OnConferences. The OnCon Icon Awards recognize exceptional operations leaders worldwide, with winners selected based on peer nomination and voting. Among hundreds of nominees, Hansen received the most votes based on her contributions to AssetMark, the financial services industry, and her community in the areas of organizational impact, innovation, and thought leadership.

Hansen has more than 25 years of operational leadership experience in the financial services industry. Currently, she is responsible for leading AssetMark’s service and operations functions, including advisor services, trade operations, account operations, reporting, and facilities, while also overseeing all custodial relationships, including AssetMark Trust Company, where she is Chair of the Board. Hansen also serves as President and Chairman of the Board of AssetMark’s proprietary Mutual Funds and President of AssetMark’s broker-dealer, AssetMark Brokerage, LLC.

Since joining the firm in 2000, Hansen has held various key roles, including Chief Financial Officer, Chief Technology Officer, and Chief Compliance Officer. Throughout her tenure, she has been instrumental in growing AssetMark’s platform and service solution into a best-in-class, full-service integrated support function that can be tailored to meet the individual advisor’s specific third-party asset management needs. Key to that growth has been Hansen’s foresight and leadership in creating an unmatched culture of service and customer obsession.

“It’s an honor to be named COO of the Year and share the stage with a group of such accomplished operational leaders,” said Hansen. “I’m proud to work with such a wonderful group of people who share my passion for serving our amazing clients – it’s a pleasure to serve as COO of an organization that is so committed to making a difference.”

About AssetMark Financial Holdings, Inc.

AssetMark is a wealth management platform that powers independent financial advisors and their clients. Together with our affiliates Voyant and Adhesion Wealth, we serve advisors of all models at every stage of their journey with flexible, purpose-built solutions that champion client engagement and drive efficiency. Our ecosystem of solutions equips advisors with services and capabilities that would otherwise require significant investments of time and money, ultimately enabling them to deliver better investor outcomes and enhance their productivity, profitability, and client satisfaction.  

Founded in 1996 and based in Concord, California, the company has 1000 employees. Today, the AssetMark platform serves 9,200 financial advisors and roughly 241,000 investor households. As of December 31, 2022, the company had $91.5 billion in platform assets. 

Contacts

Investors:
Taylor J. Hamilton, CFA
Head of Investor Relations
[email protected]

Media: 
Alaina Kleinman
Head of PR & Communications
[email protected]

SOURCE: AssetMark Financial Holdings, Inc.

Posted on April 27, 2023 1:03 pm

AGCO Enhances Shareholder Returns

AGCO Enhances Shareholder Returns

Special Variable Dividend of $5.00 per share

Increased Quarterly Dividend by 21% to $0.29 per share

DULUTH, Ga.–(BUSINESS WIRE)–
AGCO, Your Agriculture Company, (NYSE:AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced that its Board of Directors declared a special variable dividend in the amount of $5.00 per share and also increased the quarterly dividend to $0.29 per outstanding share, up $0.05 from $0.24 per outstanding share paid last quarter.

“Our record 2022 and healthy financial outlook for 2023 enable us to accelerate technology-related investments that benefit farmers and continue to return cash to our shareholders,” said Eric Hansotia, AGCO Chairman, President and Chief Executive Officer. “Given our strong financial position, AGCO’s Board of Directors approved our third consecutive special variable dividend of $5.00 per share, which is more than a ten percent increase versus last year’s special variable dividend.”

“Given the structural improvement in our profitability, we have also increased our quarterly dividend by over twenty percent to $0.29 per outstanding share. This increase reflects confidence in our farmer-first strategy and our ongoing ability to generate strong free operating cash flow,” said Damon Audia, AGCO Chief Financial Officer.

The special variable dividend will be payable on June 20, 2023, to shareholders of record at the close of business on May 19, 2023. Payment of the $0.29 quarterly dividend will be made on June 15, 2023, to all stockholders of record as of the close of business on May 15, 2023.

About AGCO:

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Fendt®, GSI®, Massey Ferguson®, Precision Planting® and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services help farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $12.7 billion in 2022. For more information, visit www.AGCOcorp.com. For company news, information, and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

Please visit our website at www.agcocorp.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230426005692/en/

Greg Peterson

Vice President, Investor Relations

(770) 232-8229

[email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Agriculture Natural Resources

MEDIA:

Logo

U.S. Firms Dig Into Microsoft Tools for More Business Value

After adopting cloud-based platforms in response to COVID-19, enterprises are working with Microsoft partners to unlock new capabilities, ISG Provider Lens™ report says

STAMFORD, Conn.–(BUSINESS WIRE)–
Companies in the U.S. are turning to service providers for help getting more out of Microsoft platforms they quickly adopted during the COVID-19 pandemic, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2023 ISG Provider Lens™ Microsoft Cloud Ecosystem report for the U.S. finds many enterprises invested heavily in platforms such as Microsoft 365, Power Platform and the Azure hyperscale cloud to keep their businesses running during the pandemic, when work and commerce moved largely online. Microsoft platforms garnered especially strong investment in the U.S., the source of half the company’s revenue. Now, enterprises are looking to providers to help them use those tools to generate ongoing business value.

“Microsoft enabled many U.S. companies to meet the pandemic head-on with cloud-based solutions,” said Shriram Natarajan, director, Digital Business Transformation, for ISG. “Now it is playing a pivotal role in longer-term digital transformation.”

Fully implementing and integrating the Microsoft suite of platforms into an organization’s business processes is often difficult due to high costs, lack of familiarity with the technology and a shortage of skills, ISG says. System integrators, IT providers, software vendors and advisory firms in the Microsoft cloud ecosystem address these challenges by providing strategies and solutions on top of several central Microsoft platforms.

Microsoft 365, which solved many companies’ immediate remote-work issues with a focus on employee communications and messaging, has taken on a larger role around employee experience and learning, the report says. As the evolving hybrid work environment and continuing tight labor market force companies to continuously transform their workplaces, providers are creating value-added solutions to meet these new expectations.

Likewise, enterprises are engaging with providers to glean maximum value from Azure. Particularly in the U.S., with its strong cloud developer community, companies are moving to modern microservices architectures using containers and Kubernetes orchestration, ISG says. Companies are also migrating to Dynamics 365 from on-premises Microsoft Dynamics installations or other business platforms, such as SAP and Salesforce. Competitive providers address the potential of these migrations for both technology and business purposes.

Microsoft Power Platform, which empowers employees to develop line-of-business applications with low-code/no-code tools, also benefits from third-party assistance, the report says. Providers address security and policy compliance issues and the need for access to data.

“Ease of development is only one part of the puzzle,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “Powerful analytics capabilities require the right data, which providers can help to make available from anywhere in an organization.”

The report also explores other trends in the U.S. Microsoft cloud ecosystem, including the maturing market for SAP on Azure and the importance of supporting multi-cloud environments.

For more insights into the challenges faced by enterprises adopting Microsoft platforms, plus advice on the key capabilities to seek in a provider, see the ISG Provider Lens™ Focal Points briefing here.

The 2023 ISG Provider Lens™ Microsoft Cloud Ecosystem report for the U.S. evaluates the capabilities of 37 providers across five quadrants: Managed Services for Azure, Microsoft 365 Services, SAP on Azure Services, Dynamics 365 Services and Power Platform Services.

The report names Accenture & Avenade, Cognizant, DXC Technology, HCLTech, TCS and Wipro as Leaders in all five quadrants. It names Hexaware, Infosys and Kyndryl as Leaders in four quadrants each. Capgemini, LTIMindtree and NTT DATA are named as Leaders in three quadrants each.

In addition, LTIMindtree is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in one quadrant.

A customized version of the report is available from Hexaware.

The 2023 ISG Provider Lens™ Microsoft Cloud Ecosystem report for the U.S. is available to subscribers or for one-time purchase on this webpage.

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005768/en/

Press:

Will Thoretz, ISG

+1 203 517 3119

[email protected]

Julianna Sheridan, Matter Communications for ISG

+1 978-518-4520

[email protected]

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Technology Mobile/Wireless Consulting Security Professional Services Software Networks Internet Data Management

MEDIA:

Logo

Delta Apparel Announces Reporting Date for Fiscal 2023 Second Quarter Results

DULUTH, Ga.–(BUSINESS WIRE)–
Delta Apparel, Inc. (NYSE American: DLA), a leading provider of core activewear, lifestyle apparel products, and on-demand digital print strategies, today announced that it will report its fiscal year 2023 second quarter results on Thursday, May 4, 2023, after the market closes. At 4:30 p.m. ET on that day, the Company will also hold a conference call with senior management to discuss its financial results and business outlook. The Company invites you to join the call by dialing 888-886-7786. If calling from outside the United States, the dial-in number is 416-764-8658.

A live webcast of the conference call will be available at www.deltaapparelinc.com. Please visit the website at least 15 minutes early to register for the teleconference webcast and download any necessary software. A replay of the call will be available through June 4, 2023. To access the telephone replay, participants should dial toll-free 844-512-2921. International callers can dial 412-317-6671. The access code for the replay is 06112508.

About Delta Apparel, Inc.

Delta Apparel, Inc., along with its operating subsidiaries DTG2Go, LLC, Salt Life, LLC, and M.J. Soffe, LLC, is a vertically-integrated, international apparel company that designs, manufactures, sources, and markets a diverse portfolio of core activewear and lifestyle apparel products under the primary brands of Salt Life®, Soffe®, and Delta. The Company is a leader in the direct-to-garment digital print and fulfillment industry, bringing proprietary DTG2Go technology and innovation to customer supply chains. The Company also specializes in selling casual and athletic products through a variety of distribution channels and tiers, including outdoor and sporting goods retailers, independent and specialty stores, better department stores and mid-tier retailers, mass merchants and e-retailers, the U.S. military, and through its business-to-business e-commerce sites. The Company’s products are also made available direct-to-consumer on its websites at www.saltlife.com, www.soffe.com and www.deltaapparel.com as well as through its branded retail stores. The Company’s operations are located throughout the United States, Honduras, El Salvador, and Mexico, and it employs approximately 7,300 people worldwide. Additional information about the Company is available at www.deltaapparelinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230427005782/en/

Company Contact:

Justin Grow, 864-232-5200 x6604

[email protected]

Investor Relations and Media Contact:

ICR, Inc.

Investors:

Tom Filandro, 646-277-1235

Media:

Jessica Liddell, 203-682-8208

[email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Fashion Retail Discount/Variety Department Stores Manufacturing Textiles

MEDIA:

Logo

Doja Cat Is Skechers’ First Artist-in-Residence

LOS ANGELES–(BUSINESS WIRE)–
Skechers confirms what Doja Cat announced—that she is the brand’s first Artist-in-Residence.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230426006085/en/

“Skechers has given me a new canvas to create and I can’t wait to show everyone what we are building,” said Doja Cat who rocked a stunning custom dress crafted from deconstructed Skechers Uno fashion sneakers during her performance at the TIME100 gala in New York on Wednesday night.

About Doja Cat

GRAMMY award-winning global superstar Doja Cat made her first upload to Soundcloud in 2013 at 16 years old. Raised in LA, she developed a knack for music by studying piano and dance as a kid. Signed to Kemosabe/RCA in 2014, she released her Purrr! EP followed by her debut album Amala in 2018, but the release of her single “Mooo!” in late 2018 catapulted her into the mainstream and was met with critical acclaim. The following year, she released her GRAMMY-nominated platinum album Hot Pink, which features “Streets,” the viral TikTok sensation that soundtracked the ‘Silhouette Challenge’ and her GRAMMY-nominated #1 smash record, “Say So” which has been RIAA certified 6x platinum.

Doja’s creativity and showmanship as a performer has been praised time and time again. She’s delivered unique and show stopping performances on nearly all the major award show stages and music festivals around the world and was named as one of the 100 most influential people of 2023 by TIME. Doja’s GRAMMY award-winning third album Planet Her dominated the charts, debuting at #1 on the Billboard Top R&B Albums chart and #2 on the Billboard Top 200 and Billboard Top R&B/Hip-Hop Albums chart. It also generated the highest first day Spotify streams for an album by a female rapper. The GRAMMY award-winning and RIAA certified platinum hit “Kiss Me More” ft. SZA, the lead single off Planet Her, hit #1 at Top 40 and Rhythm radio with over 5 billion streams worldwide. Earlier this year, Doja became the first woman to have four #1 hits from one album and landed #1 on the Billboard Artist 100 chart for the first time. More recently, in October 2022, Doja’s single “Vegas” from the Elvis Original Motion Picture Soundtrack hit #1 at Pop Radio – leading her to not only have the most #1’s at Pop Radio this decade but also the most top 10s among women on the Billboard Hot 100 this decade.

About Skechers U.S.A., Inc.

Skechers U.S.A., Inc. (NYSE:SKX), The Comfort Technology Company™ based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in over 180 countries and territories through department and specialty stores, and direct to consumers through digital stores and over 4,500 Company- and third-party-owned physical retail stores. The Company manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, Twitter, and TikTok.

This announcement contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include, without limitation, Skechers’ future domestic and international growth, financial results and operations including expected net sales and earnings, its development of new products, future demand for its products, its planned domestic and international expansion, opening of new stores and additional expenditures, and advertising and marketing initiatives. Forward-looking statements can be identified by the use of forward-looking language such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “could,” “may,” “might,” or any variations of such words with similar meanings. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements. Factors that might cause or contribute to such differences include the disruption of business and operations due to the COVID-19 pandemic; delays or disruptions in our supply chain; international economic, political and market conditions including the effects of inflation and foreign currency exchange rate fluctuations around the world, the challenging consumer retail markets in the United States and the impact of Russia’s war of Ukraine; sustaining, managing and forecasting costs and proper inventory levels; losing any significant customers; decreased demand by industry retailers and cancellation of order commitments due to the lack of popularity of particular designs and/or categories of products; maintaining brand image and intense competition among sellers of footwear for consumers, especially in the highly competitive performance footwear market; anticipating, identifying, interpreting or forecasting changes in fashion trends, consumer demand for the products and the various market factors described above; sales levels during the spring, back-to-school and holiday selling seasons; and other factors referenced or incorporated by reference in Skechers’ annual report on Form 10-K for the year ended December 31, 2022. Taking these and other risk factors associated with the COVID-19 pandemic into consideration, the dynamic nature of these circumstances means that what is stated in this press release could change at any time, and as a result, actual results could differ materially from those contemplated by such forward-looking statements. The risks included here are not exhaustive. Skechers operates in a very competitive and rapidly changing environment. New risks emerge from time to time and we cannot predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Moreover, reported results should not be considered an indication of future performance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230426006085/en/

Media Contacts:

Jennifer Clay

SKECHERS U.S.A., Inc.

[email protected]

Lauren Weissman

R&CPMK

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Footwear Online Retail Entertainment Retail TV and Radio Celebrity Music

MEDIA:

Logo

Photo

Skechers Artist-in-Residence Doja Cat in custom Skechers Uno dress and footwear at 2023 TIME100 gala. Photo credit: Kevin Mazur / Getty Images