Market Newsdesk

WOONSOCKET, R.I., Aug. 4, 2021 /PRNewswire/ — Aetna and CVS Health (NYSE: CVS) will enter the individual insurance exchange marketplace in Florida (specifically in select counties in the South Florida and Southwest Florida markets) with their first Aetna CVS Health hybrid-branded insurance product, providing access to health care for more Floridians. Aetna and CVS Health bring together quality along with convenience and expanded services to meet consumer health needs, simply and affordably. 

“With the combined strength of Aetna and CVS Health, we’re uniquely positioned to provide greater value for consumers, particularly the millions of Americans who are uninsured or underinsured,” said Dan Finke, Executive Vice President, CVS Health, President, Aetna. “We are taking a human-centered approach to health care by connecting people to the services and support they want – in their neighborhood, home and virtually anywhere they need us.”

With these plans, members will have access to Aetna’s high-quality network of health care providers and telemedicine services. Additionally, the plan provides members with unique and convenient health care offerings at MinuteClinic, HealthHUB and CVS Pharmacy locations across the country.

Along with an enhanced direct enrollment experience via Aetna’s website, the plans feature:

• Low-cost or no-cost visits at any in-network walk-in location, including at any of the nearly 40 MinuteClinic locations in Florida and over 1,100 MinuteClinic locations across the country.
• Access to a care concierge at CVS HealthHUB locations, who is available to assist customers by helping them navigate health care services and products.
• 90-day refills members can have delivered directly to their door for free.
• Simplified member experience that lets members pay their premium at the store and manage their account with our mobile app or through the web.

“A key priority is providing people with access to the care they need anywhere – simply, easily, and affordably,” said Neela Montgomery, Executive Vice President, CVS Health and President, CVS Pharmacy. “Whether it be through our health plan, MinuteClinic, CVS HealthHUB, CVS Pharmacy or any of our virtual care options, we are committed to helping simplify health care and enable healthier outcomes.”

Additional CVS Health services include:

• Added convenience with access to virtual care, including through MinuteClinic
• Quality guidance and treatment for maternity care, as well conditions such as diabetes, hypertension, kidney disease
• Help staying on track to better health with Pharmacy Advisor counseling and data-driven Next Best Actions or health nudges
• Convenient, total health support with Destination Behavioral Health
• Care in the comfort of your home with Coram Home Infusion

The select Florida counties this new offering will be available in include Broward, Hendry Manatee, Miami-Dade, Palm Beach and Sarasota.

In addition to Florida, CVS Health is entering the individual exchange market in Arizona (Banner | Aetna), Georgia Missouri, Nevada, North Carolina, Northern Virginia (Innovation Health), Texas and Virginia.*

*Filings in each state are complete. Final approval to entry is pending state and federal reviews/certifications. 

About CVS Health

CVS Health is the leading health solutions company, delivering care in ways no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and our nearly 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses, and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Learn more at www.cvshealth.com.

About Aetna

Aetna, a CVS Health business, serves an estimated 34 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers’ compensation administrative services and health information technology products and services. Aetna’s customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world.

Aetna®, CVS Pharmacy® and MinuteClinic, LLC (which either operates or provides certain management support services to MinuteClinic-branded walk-in clinics) are part of the CVS Health® family of companies.

©2021 Aetna Inc.

Media Contact:

Tara Burke

[email protected]

860-273-0449

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/aetna-cvs-health-to-enter-the-affordable-care-act-aca-individual-insurance-exchange-marketplace-in-florida-for-january-1-2022-301348171.html

SOURCE Aetna

NEW YORK, Aug. 4, 2021 /PRNewswire/ — Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three months and six months ended June 30, 2021.

Consolidated net sales for the second quarter of 2021 were $342.1 million, compared to consolidated net sales of $247.9 million during the comparable quarter in 2020. Earnings from continuing operations for the second quarter of 2021 were $28.0 million or $1.23 per diluted share, compared to $11.8 million or 52 cents per diluted share in the second quarter of 2020. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the second quarter of 2021 were $28.6 million or $1.26 per diluted share, compared to $11.8 million or 52 cents per diluted share in the second quarter of 2020.

Consolidated net sales for the six months ended June 30, 2021, were $618.6 million, compared to consolidated net sales of $502.2 million during the comparable period in 2020.  Earnings from continuing operations for the six months ended June 30, 2021, were $50.2 million or $2.21 per diluted share, compared to $21.5 million or 94 cents per diluted share in the comparable period of 2020.  Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the six months ended June 30, 2021 and 2020 were $50.7 million or $2.23 per diluted share and $21.6 million or 95 cents per diluted share, respectively.

Mr. Eric Sills, Standard Motor Products’ Chief Executive Officer and President stated, “We are very pleased with our second quarter results as the strong sales trends we have been experiencing for the last three quarters continued unabated. While our sales finished the quarter 38% ahead of 2020, last year’s second quarter was dramatically affected by the pandemic. Yet we were also 12% favorable to the comparable quarter in 2019.

“We set records in earnings, with non-GAAP diluted earnings per share from continuing operations up 142% in the quarter, and up 37% vs. the second quarter of 2019.

“Our overall year-to-date performance was very strong, with sales and earnings up 23% and 135% respectively vs. last year. However, although market conditions remain robust, comparisons to 2020 will become more challenging. 2020 was a year of two halves – the first half was severely impacted by pandemic-related lockdowns, while the second half set records as the market surged. We believe that going forward a comparison to a more normalized 2019 is more appropriate.

“By division, Engine Management sales for the quarter were up 35% vs. last year despite the previously disclosed loss of a large account, and were up 7% vs. 2019. This strong performance reflects a combination of factors – successful customer initiatives, new business wins, contributions from acquisitions (discussed below), and generally robust demand.

“Temperature Control sales for the quarter were extremely strong, up 47% vs. last year and 26% vs. 2019. The first two months of any second quarter tend to be preseason orders, at which point the summer selling season begins. This year, it appears that customer sell-through began early, and replenishment demand remained high. Ongoing favorable weather trends bode well for a strong third quarter.

“Our gross margins held up nicely in the quarter, aided by favorable absorption in our plants from elevated production levels as we rebuilt our inventory. However, offsetting these benefits were rising costs across the board, including certain raw materials, labor, and transportation. Going forward, we anticipate margin pressures from more normalized production levels and inflationary headwinds, though we believe that the current environment permits a pass-through of these costs.

“Additionally, as we expand our sales to original equipment customers, this business tends to have lower gross margins. However, it also has lower SG&A expenses and thus generates comparable operating profit margins.

“We are excited with the progress that we have made expanding our presence in the original equipment market, with a focus on heavy duty and commercial vehicles. We announced two acquisitions in 2021, both geared towards pursuing this complementary channel.

“In March we acquired the soot sensor business from Stoneridge, Inc., a high-tech emissions control program for heavy duty vehicles that will be relocated to existing SMP facilities in the coming months. On May 31^st we consummated the acquisition of Trombetta, a Wisconsin-based company selling various power management devices to a broad array of customers across multiple channels including construction, agricultural, heavy truck, lawn and garden, and power sports segments. Please see our Trombetta press release dated June 1^st for more details.

“Combined, these acquisitions generate approximately $75 million in annualized revenue. But more importantly, when combined with our legacy business, this channel now represents approximately $250 million in sales on an annualized basis, which gives us the critical mass to be a significant supplier in this space. We are also pleased that many of the products we are pursuing in this adjacent channel are not powertrain dependent, and thus are well-positioned for the eventual shift to electric vehicles.

“We also strongly believe that while expansion into this market provides some important diversification from our core aftermarket business, it by no means dilutes our focus on it. We feel that it is highly complementary, as it grants access to product technologies suitable to the aftermarket, and provides more manufacturing and engineering capabilities to support our operating strategy of being a basic manufacturer.

“In closing, we are very pleased with our year thus far, posting record financial results and consummating two strategic acquisitions. The overall industry continues to perform well, our customers are enjoying very strong sell-through of our products, and we are working closely with them to ensure our mutual success.  While the substantial volume swings we have been witnessing over the last 18 months make forecasting difficult, compounded by uncertainty from the ongoing pandemic, and though the balance of the year faces challenging 2020 comparisons, we believe we are well positioned for the future.

“Finally, the Board of Directors has approved payment of a quarterly dividend of 25 cents per share on the common stock outstanding. The dividend will be paid on September 1, 2021 to stockholders of record on August 16, 2021.”

Conference Call

Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Wednesday, August 4, 2021.  The dial-in number is 866-342-8588 (domestic) or 203-518-9865 (international). The playback number is 800-839-5128 (domestic) or 402-220-1504 (international). The participant passcode is 85201.

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Standard Motor Products cautions investors that any forward-looking statements made by the company, including those that may be made in this press release, are based on management’s expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results, events or performance to differ materially from those contemplated by such forward looking statements. Among the factors that could cause actual results, events or performance to differ materially from those risks and uncertainties discussed in this press release are those detailed from time-to-time in prior press releases and in the company’s filings with the Securities and Exchange Commission, including the company’s annual report on Form 10-K and quarterly reports on Form 10-Q.  By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.

 

 

 

 

 

 

View original content:https://www.prnewswire.com/news-releases/standard-motor-products-inc-announces-second-quarter-2021-results-and-a-quarterly-dividend-301347795.html

SOURCE Standard Motor Products, Inc.

PALM BEACH GARDENS, Fla., Aug. 4, 2021 /PRNewswire/ — As thousands of school districts across North America prepare for students to return, Carrier Global Corporation (NYSE: CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, is providing solutions and services to schools that will help support building and occupant health, cognitive performance and energy efficiency. In the first half of 2021, school districts across North America have purchased Carrier Healthy Buildings solutions, including more than 18,000 Carrier OptiClean™ Dual-Mode Air Scrubber & Negative Air Machines. This is part of Carrier’s more than $500M active pipeline in its Healthy Buildings Program and the multibillion-dollar opportunity the company sees in the K-12 segment over the next few years.

Carrier’s solutions for K-12 schools include ventilation and filtration technologies, controls, services and touchless products. In addition to supporting mitigation against disease transmission, improved indoor environments can also improve thinking. High CO₂ levels, which can occur in crowded classrooms with poor ventilation, have been proven to impact brain-based skills. According to the COGfx study, people perform twice as well when indoor environments are optimized through high ventilation, low CO₂ and low volatile organic compounds. Test scores on cognitive function were highest in the areas of information usage, strategy and crisis response. In some cases, nearly 300% higher.

“Carrier understands the specific needs of the K-12 segment and is committed to helping create healthier, safer and more productive environments for students and staff. The momentum we’re seeing is strong, and we believe it’s attributable to a greater understanding of the long-term benefits of healthy buildings,” said Ajay Agrawal, Senior Vice President, Global Services & Healthy Buildings, Carrier. “With the right strategies in place, better thinking and better health can be achieved inside healthier schools.”

In Arizona, Carrier will be providing more than 800 HVAC units to multiple buildings in a district that serves more than 35,000 students. The products, which are a variety of packaged HVAC systems, will help to improve indoor air quality and comfort in classrooms throughout the district. In California, students will be more comfortable through the installation of more than 100 Carrier WeatherMaster packaged rooftop units (RTUs), which are more efficient than prior units. Funding for both projects was partially provided by the American Rescue Plan’s Elementary and Secondary School Emergency Relief Fund (ESSER Fund), which provides funding dedicated to K-12 schools, including improvements to HVAC systems and ventilation.

In the Richmond Public Schools district in Virginia, more than 25,000 students can breathe easier this fall with the installation of more than 1,500 Carrier OptiClean Dual-Mode Air Scrubber & Negative Air Machines to help purify the air in classrooms across the district. And in Texas, administrators in the Texas City Independent School District are investing in the health of their students and faculty with a multimillion-dollar order for chillers, air handling units, and controls for La Marque Middle School, which is currently under construction. The order will create a state-of-the-art HVAC system that will help promote proper ventilation and air quality in the school.

“We are confident in Carrier’s Healthy Building solutions to help support ideal indoor air quality inside the new La Marque Middle School,” said Don Pursley, Director of Facilities and Maintenance, Texas City Independent School District. “This investment makes sense to provide high-quality indoor air for our students and faculty and the equipment is energy-efficient to keep our recurring costs low. It’s a win-win for all of us.”

To assist school administrators in selecting the right upgrades and technologies for their facilities, Carrier’s BluEdge K-12 program provides an outcome-based approach to help schools easily select the best indoor air quality kits for their needs, with attractive pricing and easy implementation. The BluEdge K-12 program includes a proprietary assessment of current indoor air quality at a school to inform improvement recommendations designed to meet specific desired outcomes

To learn more about the K-12 offerings, visit corporate.carrier.com/healthybuildings. For more information on how school districts can utilize ESSER Funds, contact your local Carrier expert. 

About Carrier

As the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we’ve led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit www.Corporate.Carrier.com or follow us on social media at @Carrier.

# # #

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/carrier-gains-momentum-as-it-helps-k-12-students-return-safely-to-schools-301348249.html

SOURCE Carrier Global Corporation

CHESTNUT RIDGE, N.Y, Aug 4, 2021 /PRNewswire/ — BioHiTech Global, Inc. (“BioHiTech” or the “Company”) (NASDAQ: BHTG), a sustainable technology and services company, announces today Mr. Tony Fuller, Chief Executive Officer of BioHiTech, will host a conference call on Monday, August 9, 2021 at 4:30 p.m. EDT to discuss the Company’s financial results for the second quarter ended June 30, 2021.

Also joining Mr. Fuller on the call from management will be Brian Essman, Chief Financial Officer. 

Participants are asked to pre-register for the call via the following link:
https://dpregister.com/sreg/10159374/ec2df07762

Please note that registered participants will receive their dial-in number upon registration and will dial directly into the call without delay.  Those without Internet access or who are unable to pre-register may dial in by calling 1-866-652-5200 (domestic) or 1-412-317-6060 (international).  All callers should dial in approximately 10 minutes prior to the scheduled start time and ask to be joined into the BioHiTech Global call.

A replay of the call will be available approximately one hour after the end of the call through August 23, 2021.  The replay can be accessed through the above links or by calling 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and using access code 10159374.

About BioHiTech Global
BioHiTech Global, Inc. (NASDAQ: BHTG), is a technology services company focused on providing cost-effective solutions that improve environmental outcomes. Our technologies for waste management include the patented processing of municipal solid waste into a valuable renewable fuel, biological disposal of food waste on-site, and proprietary real-time data analytics tools to reduce food waste generation. When used individually or in combination, our solutions lower the carbon footprint associated with waste transportation and can reduce or virtually eliminate landfill usage. Our unique solutions enable businesses and municipalities of all sizes to solve everyday problems in a smarter and more cost-effective way while reducing their impact on the environment. For more information, please visit www.biohitech.com.

Forward Looking Statements
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements, including statements about the estimated contract value, additional purchase orders or deliveries, and the ability of the Company’s products to improve environmental outcomes and achieve corporate sustainability goals, are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of BioHiTech Global, Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. BioHiTech Global, Inc. assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as “Risk Factors” in our filings with the Securities and Exchange Commission (“SEC”). There may be other factors not mentioned above or included in the BioHiTech’s SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. BioHiTech Global, Inc. assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.

Company Contact:
BioHiTech Global, Inc.
Lisa Giovannielli
VP, Corporate Communications
O: 888.876.9300
E: [email protected]

Investors: 
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/biohitech-global-to-host-q2-2021-financial-results-conference-call-on-august-9-2021-at-430-pm-edt-301348053.html

SOURCE BioHiTech Global, Inc.

BRANCHVILLE, N.J., Aug. 4, 2021 /PRNewswire/ — Home renovations have increased since the start of 2021, with over half (55%) of U.S. homeowners reporting substantial improvements that boost home values, according to a July survey commissioned by Selective Insurance and conducted by The Harris Poll. This is a 25% increase from a similar Selective and Harris Poll survey conducted in December 2020, indicating a current rise in home improvements despite headlines about supply chain delays, increasing cost of materials, and labor shortages.

The Selective study also found that the South leads the nation in home renovation activity, with 57% of homeowners reporting significant home improvements. The prevalence of home renovations by region follows: Northeast (54%, down from 56% in December 2020), South (57%, up from 40% in December 2020), Midwest (52%, up from 42% in December 2020), and the West (55%, up from 43% in December 2020).

“Selective’s study on home renovations reinforces our observations, based on customer interactions, that the current housing and renovation boom remains strong,” said Allen Anderson, Senior Vice President, Personal Lines, Selective. “Every home renovation project is unique, but every homeowner needs to protect their investment from future loss. Independent insurance agents help homeowners evaluate their coverage needs and update their insurance to reflect their renovated home’s full replacement value.”

Among homeowners who improved their homes during the pandemic, just under a quarter (23%) said they hadn’t updated their insurance coverage and another 10% said they were unsure.

Additional Insights and Findings

According to the Selective study, U.S. homeowners have been increasingly investing in their properties since the beginning of the pandemic, with the following major home improvement projects reported:

• 36% are renovating a room/basement/attic
• 12% are adding a new room
• 17% are adding a pool/hot tub

Selective saw similar trends among customers who operate contracting businesses. An analysis of Selective’s active commercial liability insurance policies identified a 5-10% increase in residential construction payroll and an approximately 15% increase in subcontracting costs year over year from 2019 through 2021. These indicators underscore continued home improvement activity well into 2021 and across the company’s commercial lines footprint.

To learn more about Selective’s research on major home improvements during the pandemic, visit here.

Survey Methodology:

The Harris Poll, on behalf of Selective Insurance Company of America, conducted online surveys within the United States from December 28-30, 2020 and July 6-8, 2021, by polling 2,057 U.S. adults aged 18+. Results were weighted for demographics where necessary to align respondents with their actual proportions in the population. Propensity score weighting also was used to adjust for respondents’ propensity to be online. This online survey is not based on a probability sample, and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including subgroup sample sizes, please contact Katelyn Leondi.

About Selective Insurance Group, Inc.

Selective Insurance Group, Inc. (NASDAQ: SIGI) is a holding company for ten property and casualty insurance companies rated “A” (Excellent) by AM Best. Through independent agents, the insurance companies offer standard and specialty insurance for commercial and personal risks and flood insurance through the National Flood Insurance Program’s Write Your Own Program. Selective’s unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including Fortune’s Best Workplaces in Financial Services and Insurance in 2021. For more information about Selective, visit www.Selective.com.

Selective offers insurance coverage to meet the unique needs of every home and homeowner across the country. In partnering with independent insurance agents, Selective customers have access to optional coverage enhancements that go above and beyond standard Homeowners insurance protection – including guaranteed replacement cost for non-building structures, theft of jewelry and watches, cash-out option, and more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/selective-study-finds-25-increase-in-major-home-renovation-projects-in-first-half-of-2021-compared-to-end-of-2020-301347507.html

SOURCE Selective Insurance Group, Inc.

TAMPA, Fla., Aug. 4, 2021 /PRNewswire/ — Yesterday, August 3^rd, Lazydays Holdings, Inc. (NasdaqCM: LAZY) (“Lazydays RV” or “Lazydays”) completed its acquisition of BYRV, Inc. and BYRV Washington, Inc. (collectively “B. Young RV”). B. Young RV is a premier RV dealer with two locations strategically located in Portland, Oregon and Vancouver, Washington. B. Young RV has a significant presence in the attractive Pacific Northwest market offering a wide selection of outstanding RV brands including Tiffin, Newmar, Grand Design, Thor, and Forest River. The B. Young dealerships, with their exceptional team of employees and their focus on delivering a best-in-class customer experience, will fit seamlessly into the Lazydays family. 

B. Young RV represents the Company’s fifth and sixth acquired or greenfield dealership added over the last ten months.  This acquisition will be followed shortly by the completion of the Burlington RV acquisition in Wisconsin and the opening of the Monticello, Minnesota dealership late this summer.  The Company continues to work a strong pipeline of expansion opportunities that includes both acquisitions and greenfields.

Lazydays currently operates fourteen dealerships in Florida (2), Colorado (2), Arizona (2), Minnesota (1), Tennessee (3), Indiana (2), Oregon (1) and Washington (1); and operates a dedicated Service Center location near Houston, Texas. It has announced its intent to add a second dealership location in Monticello, Minnesota, acquire Burlington RV in Sturtevant, Wisconsin, and open three dedicated Airstream locations in Ramsey, Minnesota and Knoxville and Nashville, Tennessee.

ABOUT LAZYDAYS RV
As an iconic brand in the RV industry, Lazydays, The RV Authority, consistently provides the best RV sales, service, and ownership experience, which is why RVers and their families become Customers for Life. Lazydays continues to add locations at a rapid pace as it executes its geographic expansion strategy that includes both acquisitions and greenfields.

Since 1976, Lazydays RV has built a reputation for providing an outstanding customer experience with exceptional service excellence and unparalleled product expertise, along with being a preferred place to rest and recharge with other RVers. By offering the largest selection of RV brands from the nation’s leading manufacturers, state-of-the-art service facilities, and thousands of accessories and hard-to-find parts, Lazydays RV provides everything RVers need and want.

Lazydays Holdings, Inc. is a publicly listed company on the Nasdaq stock exchange under the ticker “LAZY.”

Forward–Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements describe Lazydays future plans, projections, strategies and expectations, including statements regarding Lazydays’ expectations for future operating results, its expectations regarding the impact of its acquisition of its recently acquired dealership in Elkhart, Indiana, Burns Harbor, Indiana and Knoxville, Tennessee; and its greenfield start-ups near Houston, Texas, Nashville, Tennessee, and Monticello, Minnesota; and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Lazydays. Actual results could differ materially from those projected due to various factors, including economic conditions generally, conditions in the credit markets and changes in interest rates, conditions in the capital markets, the global impact of the pandemic outbreak of coronavirus (COVID-19) and other factors described from time to time in Lazydays’ SEC reports and filings, which are available at www.sec.gov. Forward-looking statements contained in this news release speak only as of the date of this news release, and Lazydays undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances, unless otherwise required by law.

News Contact:
+1 (813) 204-4099
[email protected] 

View original content to download multimedia:https://www.prnewswire.com/news-releases/lazydays-holdings-inc-completes-acquisition-of-b-young-rv-301347581.html

SOURCE Lazydays Holdings, Inc.

NEW YORK, Aug. 4, 2021 /PRNewswire/ — Tanaka Capital Management today announced that according to Refinitiv Lipper, the TANAKA Growth Fund (TGFRX) was ranked #1 in its Multicap Core category of mutual funds for the year to date through June 30, 2021. The Fund’s total return was 42.2%. This compared with the Fund’s benchmark Wilshire 2500 Growth index total return of 14.0% year to date and 15.3% for the S&P 500 for the same period. The Fund has maintained its #1 ranking for the last 1 ½ years through June 30^th, up 114.6% vs. gains of 51.7% and 36.5% for the Wilshire 2500 Growth Index and the S&P 500.

“We were fortunate to use new fund inflows early in the year to improve performance and achieve a better balance in the sources of our growth between Tech, Biotech and our other Platform Growth companies and more pro-cyclical growers such as Financials, Consumer Staples and Capital Goods companies.” said Graham Tanaka, President of Tanaka Capital Management. “Going forward, we will be using new communication tools which we have utilized successfully over the last year to help speed up discovery by other investors of some of our most under-appreciated and undiscovered stocks in our portfolio.”

“Our active management approach to investing continues to deliver superior returns to that of the Fund’s benchmark and most major indices in 2021 by leveraging our keen ability to find the top companies exhibiting disruptive innovation and market success,” said Benjamin Bratt, Vice President of Tanaka Capital Management as well as Chief Financial Officer and Chief Compliance Officer of the TANAKA Growth Fund. “We believe that bottoms-up stock selection and finding undervalued companies early will be of increasing importance with the economic recovery transitioning from early to mid-cycle and our expectation for more modest stock market returns in the coming years.”

Available for Business Media Interviews for Expertise in Technology, Biotech and other Durable Growth Stocks

Graham Tanaka has made numerous television appearances on CNBC, Bloomberg Television, Reuters Television, and Yahoo Finance Live and been quoted in the Wall Street Journal and numerous other business publications due to his expertise in discovering platform companies that can grow significantly for many years. He was most recently interviewed by Reuters on March 12, 2021 for his insights on the stock market, inflation and interest rate trends when he also noted some of his stock ideas which have led to the Fund’s top returns. He is available for interviews with business media seeking his expert commentary and his investment views on such companies as AFLAC, Intel, Dunkin’ Donuts, Subaru, Novellus, ASML, Pfizer, Qualcomm, Apple, Tesla, and Amyris, all of which he identified and invested in early.

The TANAKA Growth Fund is currently open to new mutual fund investors. Investors can call 1-877-4TANAKA directly. The Fund is also available through Fidelity, Charles Schwab, TD Ameritrade, Vanguard, Wells Fargo, UBS, LPL Financial Services, Pershing, and Janney Montgomery Scott.

Note to Editors: Please see news releases issued:

January 21, 2021, entitled, “Tanaka Capital Management Announces #1 Ranking by Lipper in Multicap Core Mutual Fund Category for The TANAKA Growth Fund in 2020“.

February 18, 2021, entitled, “Tanaka Capital Management Announces #1 Ranking for January 2021 for The TANAKA Growth Fund in the Multicap Core Mutual Fund Category Following its #1 Ranking for Full Year 2020“.

March 18, 2021, entitled, “Graham Tanaka of Tanaka Capital Management Interviewed By Reuters“.

March 18, 2021, entitled, “Tanaka Capital Management Announces #1 Ranking Year To Date Through February 2021 For The TANAKA Growth Fund In Multicap Core Mutual Fund Category Following Its #1 Ranking For Full Year 2020“.

April 14, 2021, entitled, “Tanaka Capital Management Announces #1 Ranking First Quarter 2021 For The TANAKA Growth Fund In Lipper Multicap Core Mutual Fund Category Following Its #1 Ranking For All of 2020“.

About Tanaka Capital Management


Founded in 1986, Tanaka Capital Management is the advisor to the TANAKA Growth Fund and also provides individually tailored investment management to high-net worth individuals, pension plans and endowments. The firm’s investment philosophy reflects the view there are always misunderstood companies in the marketplace. It is our job to find these companies and validate whether they can deliver durable growth for our investors in the years ahead. Tanaka Capital Management is also accepting new clients for privately managed accounts. For more information, please visit www.tanaka.com.

The Fund’s past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-877-4TANAKA.

The Fund’s prospectus contains important information about the Fund’s investment objectives, potential risks, management fees, charges and expenses, and other information. Please read and consider it carefully before investing or sending money. You may obtain a current copy of the Fund’s prospectus by calling 1-877-4TANAKA.  

Refinitiv Lipper Inc. – A Reuters Company, is a nationally recognized organization that ranks the performance of mutual funds within a universe of funds that have similar investment objectives. Rankings are historical with capital gains and dividends reinvested.

Contact:

CapComm Partners (financial communications/investor relations)
Peter DeNardo
[email protected]
+1 (415) 389-6400

View original content:https://www.prnewswire.com/news-releases/tanaka-capital-management-announces-continued-1-ranking-in-the-first-half-of-2021-for-the-tanaka-growth-fund-in-multicap-core-mutual-fund-category-301347821.html

SOURCE Tanaka Capital Management

DETROIT, Aug. 4, 2021 /PRNewswire/ — American Axle & Manufacturing (NYSE: AXL) is the winner of the 2021 Altair Enlighten Award, the automotive industry’s only award dedicated to lightweighting and sustainability. AAM’s innovative next generation electric drive technology was recognized as the winner in the Future of Lightweighting category.

The Altair Enlighten Award, now in its 8^th year, honors the greatest achievements in lightweighting and sustainability, recognizing technology advancements that reduce the automotive industry’s carbon footprint and mitigate water and energy consumption, as well as successful efforts in material reuse and recycling. Sparking interest from industry, engineering, policymakers, educators, students, and the public alike, this annual award provides an environment to share the latest technology innovations dedicated to sustainability.

“AAM is committed to advancing lightweighting and sustainability objectives in all of our product, process and systems technologies,” said David C. Dauch, AAM Chairman and Chief Executive Officer. “We are honored to receive the Altair Enlighten Award for an innovation that is so important to the future of AAM and the global automotive industry,”

AAM’s next generation Electric Drive Unit (eDU) tightly integrates the electric motor, gearbox and inverter into a single lightweight package. This highly engineered system delivers significant weight reduction when compared to other similar units without sacrificing any power or performance. The eDU is compact and scalable for use in any global vehicle segment from the smallest microcar to the largest SUV or pickup truck application.

“AAM’s engineering team is innovative, creative and laser focused on developing superior electric drive technology. Our newest system is significantly lighter than the competition but still provides unparalleled performance and power,” said Dauch. “We are very excited about the opportunity we have to help our customers improve the efficiency and appeal of their electric vehicles with this ground-breaking technology.”

This is the second time AAM has won the Altair Enlighten Award. In 2018, AAM was the first recipient of the Enlighten Award in the Future of Lightweighting category for lightweighting innovation in conventional driveline technology.

The annual Altair Enlighten Award honors the greatest achievements in vehicle weight savings each year. Inspiring interest from industry, policymakers, educators, students and the public, the award incentivizes automotive lightweighting advancements and provides a global platform to recognize and share technological achievements. 

About AAM

AAM (NYSE: AXL) delivers POWER that moves the world. As a leading global Tier 1 automotive supplier, AAM designs, engineers and manufactures driveline and metal forming technologies that are making the next generation of vehicles smarter, lighter, safer and more efficient. Headquartered in Detroit, AAM has approximately 20,000 associates operating at nearly 80 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership. To learn more, visit www.aam.com.

Media Contact: Andrea Knapp, 3137582730, [email protected]

View original content:https://www.prnewswire.com/news-releases/aam-wins-altair-enlighten-award-301348232.html

SOURCE American Axle & Manufacturing Holdings, Inc.