Media Advisory: TransAlta and TransAlta Renewables Second Quarter 2021 Results and Conference Call

PR Newswire

CALGARY, AB, July 13, 2021 /PRNewswire/ – TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) will release its second quarter 2021 results before markets open on Tuesday, August 10, 2021. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET). The media will be invited to ask questions following analysts.

TransAlta Renewables Inc. (“TransAlta Renewables”) (TSX: RNW) will release its second quarter 2021 results before markets on Tuesday, August 10, 2021. Any questions regarding TransAlta Renewables may be asked on the TransAlta conference call.

Please contact the conference operator five minutes prior to the call, noting “TransAlta Corporation” as the company.


Second Quarter 2021 Conference Call:


Toll-free North American participants call: 1-888-664-6392

Webcast link:  https://produceredition.webcasts.com/starthere.jsp?ei=1481658&tp_key=fe2b224088

Related materials will be available on the Investor Centre section of TransAlta’s website at http://www.transalta.com/investors/events-and-presentations. If you are unable to participate in the call, the instant replay is accessible at 1-888-390-0541 (Canada and USA toll free) with TransAlta pass code 902288 followed by the # sign. A transcript of the broadcast will be posted on TransAlta’s website once it becomes available.


About TransAlta Corporation:

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers clean, affordable, energy efficient, and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of hydroelectric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and we have been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management, having recently achieved an A- score from CDP.

For more information about TransAlta, visit its web site at transalta.com
.


About TransAlta Renewables Inc.:

TransAlta Renewables is among the largest of any publicly traded renewable independent power producers (“IPP”) in Canada. Our asset platform and economic interests are diversified in terms of geography, generation and counterparties and consist of interests in 24 wind facilities, 13 hydroelectric facilities, eight natural gas generation facilities, one solar facility, one natural gas pipeline, and one battery storage project, representing an ownership interest of 2,633 megawatts of owned generating capacity, located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the States of Pennsylvania, New Hampshire, Wyoming, Massachusetts, Michigan, Minnesota, Washington and the State of Western Australia. Our objectives are to (i) provide stable, consistent returns for investors through the ownership of, and investment in, highly contracted renewable and natural gas power generation and other infrastructure assets that provide stable cash flow primarily through long-term contracts with strong counterparties; (ii) pursue and capitalize on strategic growth opportunities in the renewable and natural gas power generation and other infrastructure sectors; (iii) maintain diversity in terms of geography, generation and counterparties; and (iv) pay out 80 to 85 per cent of cash available for distribution to the shareholders of the Company on an annual basis.

For more information about TransAlta Renewables, visit its web site at transaltarenewables.com
.

Cision View original content:https://www.prnewswire.com/news-releases/media-advisory-transalta-and-transalta-renewables-second-quarter-2021-results-and-conference-call-301333103.html

SOURCE TransAlta Corporation

Grupo Simec Announces Results of Operations for the First Six Months of 2021

PR Newswire

GUADALAJARA, Mexico, July 13, 2021 /PRNewswire/ — Grupo Simec, S.A.B. de C.V. (NYSE: SIM) (“Simec”) announced today its results of operations for the sixth-month period ended June 30th, 2021.

Comparative first six months of 2021 vs. first six months of 2020


Net Sales

Net sales of the Company increased from Ps. 16,096 million in the first half of 2020 to Ps. 28,613 million in the first half of 2021. Shipments increased 18% from 1,162 thousand tons in the first half of 2020 to 1,369 thousand tons in the first half of 2021. Total sales outside of Mexico in the first half of 2021 increased 77% to Ps. 14,458 million compared to Ps. 8,168 million in the first half of 2020. Mexican sales increased 79% from Ps. 7,928 million in the first half of 2020 to Ps. 14,155 million in the first half of 2021. Sales increased for the first half of 2021 compared to the first half of 2020, is due to the combined of increase in the average sales price of 51% and increase in the volume of shipments approximately of 207 thousand tons that represent an 18%.


Cost of Sales

Cost of sales increased 59% from Ps. 13,173 million in the first half of 2020, to Ps. 20,909 million in the first half of 2021. Cost of sales as a percentage of net sales represented 73% in the first half of 2021 while in the first half of 2020 represented 82%. Cost of sales increased due to mix products and a higher volume of products shipped.


Gross Profit

Gross profit of the Company for the first half of 2021 increased 164% from Ps. 2,923 million in the first half of 2020, to Ps. 7,704 million in the first half of 2021. Gross profit as percentage of net sales in the first half of 2021 was of 27%, while in the first half of 2020 was of 18%. The gross profit between both periods is given by better mix products shipped and higher average price.


Selling, General and Administrative Expense

Selling, general and administrative expense increased 13%, from Ps. 867 million in the first half of 2020 to Ps. 984 million in the same period 2021, selling, general and administrative expense represented 5% of the net sales in the second quarter of 2020 and 3% in the second quarter of 2021.


Other Income (Expenses,) net

The Company recorded other expense net for Ps. 30 million in the first half of 2021 million compared to other income Ps. 160 million in the same period of 2020.


Operating Income

Operating income increased 202% from Ps. 2,216 million for the first half of 2020 compared to Ps. 6,690 million in the first half of 2021. Operating income as percentage of net sales was 23% in the first half of 2021 compared to 14% in the same period of 2020. The increase in operating profit is mainly due to the mix of products shipped and higher sales prices.


Ebitda

The Ebitda amounted to Ps. 2,851 million in the first semester of 2020 as a result of a net income of Ps. 2,460 million, less minority stake of Ps. 3 million, plus income taxes of Ps. 951 million, less comprehensive financial cost of Ps. 1,193 million, plus depreciation of Ps. 636 million to Ps 7,283 million in the first semester of 2021 as a result a net income of Ps. 4,977 million, plus minority stake of Ps. 1 million, plus income taxes of Ps. 1,631 million, plus comprehensive financial cost of Ps. 81 million, plus depreciation of Ps. 593 million.

Consolidated 

Million  


Comparative first six months of 2021 vs first six months of 2020,


2021


2020


Net income (loss) attributable to Vale’s stockholders


4,977


2,460

Loss attributable to noncontrolling interests

1

(3)


Net income (loss)


4,978


2,457

Depreciation, depletion and amortization

593

636

Income taxes

1,631

951

Financial results income (loss)

81

(1,193)


EBITDA


7,283


2,851


Items to reconciled adjusted EBITDA

Equity results and other results in associates and joint ventures

0

0

Dividends received and interest from associates and joint ventures (i)

0

0

Impairment and disposal of non-current assets

0

0


Adjusted EBITDA


7,283


2,851


Comprehensive Financial Cost

Comprehensive financial cost for the first half of 2021 represented an expense of Ps. 81 million compared with an income of Ps. 1,193 million for the first half of 2020. The comprehensive financial cost is comprised by the exchange loss of Ps. 55 million in the first half of 2021 compared with an exchange income of Ps. 1,148 million in the first half of 2020. Likewise, the Company recorded a net expense interest of Ps. 26 million for the first half of 2021 compared with a net income interest of Ps. 45 million in 2020.


Income Taxes

The Company recorded an expense of Ps. 1,631 million for the net income tax during the first half of 2021, (comprised for a current expense tax of Ps. 1,610 million and expense for deferred tax of Ps. 21 million) compared with an expense of Ps. 951 million to the first half of 2020 (comprised for a current expense tax of Ps. 954 million and income for deferred tax of Ps. 3 million).


Net Income

As a result of the foregoing, the Company recorded an increase in net income of 102% to pass of Ps. 2,460 million in the first half of 2020 to Ps. 4,977 million in the same period of 2021.

Comparative second quarter of 2021 vs. first quarter of 2021


Net Sales

Net sales of the Company increased 14% in the second quarter of 2021 compared to the first quarter of the same period, to pass of Ps. 13,355 million during the first quarter of 2021 to Ps. 15,258 million in the second quarter of 2021. Shipments of finished steel products increased from 682 thousand tons in the first quarter of 2021 to 687 thousand tons in the second quarter of the same year. Total sales outside of Mexico in the second quarter of 2021 increased 16% to get to Ps. 7,767 million compared to Ps. 6,691 million of the first quarter of the same year. Domestic sales increased from Ps. 6,664 million in the first quarter of 2021 to Ps. 7,491 million in the second quarter of the same year. The sales increased mainly higher shipped by 5 thousand tons compared with the first quarter that represent a 1% and an income sales price in 13%.


Cost of Sales

Cost of sales increased 8% from Ps. 10,055 million in the first quarter of 2021 to Ps. 10,854 million in the second quarter of 2021. Cost of sales as a percentage of net sales represented 75% for the first quarter of 2021 compared to 71% in the second quarter of the same year, the average cost of sales by ton record an increase between both quarters of 7%.


Gross Profit

Gross profit of the Company for the second quarter of 2021 increased 33% to pass of Ps. 3,300 million in the first quarter of 2021 to Ps. 4,404 million in the second quarter of same year. Gross profit as a percentage of net sales represented 25% for the first quarter of 2021 compared to 29% in the second quarter of the same year. The gross profit in the second quarter of 2021 it originates from a higher average sale.


Selling, General and Administrative Expense

Selling, general and administrative expense increased 7%, from Ps. 475 million in the first quarter of 2021 to Ps. 509 million in the second quarter of the same year, and as percentage of net sales represented 4% in the first quarter of 2021 compared to 3% in the second quarter of the same year.


Other (Expenses) Income, net

The Company recorded other expenses net for Ps. 17 million during the second quarter of 2021 compared to other expenses net for Ps. 13 million in the first quarter of 2021.


Operating Income

Operating income increased 38%, of Ps. 2,812 million in the first quarter of 2021 compared to Ps. 3,878 million of the second quarter of the same year. Operating income as percentage of net sales was 21% for the first quarter of 2021 compared to 25% for the second quarter of the same year. The operating income is due mainly to a better average sale price.


Ebitda

The Ebitda amounted to Ps. 3,113 million in the first quarter of 2021 as a result of a net income of Ps. 2,644 million, less minority stake of Ps. 0 million, plus income taxes of Ps. 391 million, less comprehensive financial cost of Ps. 223 million, plus depreciation of Ps. 301 million to Ps 4,170 million in the second quarter of 2021 as a result of a net income of Ps. 2,333 million, plus minority stake of Ps. 1 million, plus income taxes of Ps. 1,240 million, plus comprehensive financial cost of Ps. 304 million, plus depreciation of Ps. 292 million.

Consolidated 

Million  


Comparative second quarter of 2021 vs first quarter of 2021,


2021


2020


Net income (loss) attributable to Vale’s stockholders


2,333


2,644

Loss attributable to noncontrolling interests

1


Net income (loss)


2,334


2,644

Depreciation, depletion and amortization

292

301

Income taxes

1,240

391

Financial results income (loss)

304

(223)


EBITDA


4,170


3,113


Items to reconciled adjusted EBITDA

Equity results and other results in associates and joint ventures

0

0

Dividends received and interest from associates and joint ventures (i)

0

0

Impairment and disposal of non-current assets

0

0


Adjusted EBITDA


4,170


3,113


Comprehensive Financial Cost

Comprehensive financial cost of the Company in the second quarter of 2021 represented an expense of Ps. 304 million compared with of Ps. 223 million an income for the first quarter of 2021. The comprehensive financial cost is comprised for the net interest expense of Ps. 9 million in the second quarter of 2021, while in the first quarter was a net expense of Ps. 17 million. Likewise, we recorded a net exchange loss of Ps. 295 million in the second quarter of 2021 compared a net exchange income Ps. 240 million in the first quarter of the same year.


Income Taxes

The Company have been recorded an expense of Ps. 1,240 million of income tax during the second quarter of 2021, (comprised for an expense by current tax of Ps. 1,210 million and an expense for deferred tax of Ps. 30 million) compared with the Ps. 391 million of expense for the first quarter of the same year, (comprised for an expense by current tax of Ps. 399 million and income for deferred tax of Ps. 8 million).


Net Income

As a result of the foregoing, the Company recorded a decrease of 12% from a net income of Ps. 2,644 million in the first quarter of 2021 compared to a net income of Ps. 2,333 million for the second quarter of 2021.



Liquidity and Capital Resources

As of June 30th, 2021, Simec’s total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (“MTN’s”) due 1998, or Ps. 6.0 million (accrued interest on June 30th, 2021 was U.S. $654,000, or Ps. 13.0 million).  As of December 31, 2020, Simec’s total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (“MTN’s”) due 1998, or Ps. 6.02 million (accrued interest on December 31, 2020 was U.S. $640,000, or Ps. 12.8 million).


Comparative second quarter of 2021 vs. second quarter of 2020


Net Sales

Net sales of the Company increased 101% from Ps. 7,596 million during the second quarter of 2020 to Ps. 15,258 million in the second quarter of 2021. Sales in tons of finished steel increased 27% from 540 thousand tons in the second quarter of 2020 compared with 687 thousand tons in the second quarter of 2021. Sales outside of Mexico in the second quarter of 2021 increased 91% from Ps. 4,072 million in the second quarter of 2020 to Ps. 7,767 million in the second quarter of 2021. Domestic sales increased 113% from Ps. 3,524 million in the second quarter of 2020 to Ps. 7,491 million in the second quarter of 2021. The increase in sales in the second quarter of 2021 compared to the second quarter of 2020 is due to an increase in the average sales price of 58% and a increase in the volume of shipments approximately of 147 thousand of tons that represents 27%.


Cost of Sales

Cost of sales increased 75% in the second quarter of 2021 compared to the second quarter of 2020 from Ps. 6,213 million in the second quarter of 2020 to Ps. 10,854 million in the second quarter of 2021. With respect to sales, the cost of sales of the second quarter of 2021 represented 71% compared to 82% for the second quarter of 2020. The average cost of sales by ton of steel products increased 37% in the second quarter of 2021 versus the second quarter of 2020, due to the cost of certain raw materials mainly scrap and electrodes and the volume shipped.


Gross (Loss) Profit

Gross profit of the Company for the second quarter of 2021 amount to Ps. 4,404 million compared to Ps. 1,383 million in the second quarter of 2020, this represented an increase of 218% between both periods. Gross profit as a percentage of net sales for the second quarter of 2021 was 29% compared to 18% of the second quarter of 2020. The increase in gross profit is mainly due to a higher average sales price and a higher volume shipped, in the second quarter of 2021 compared to the second quarter of 2020.


Selling, General and Administrative Expense

The selling, general and administrative expenses increased 17% in the second quarter of 2021 from Ps. 436 million in the second quarter of 2020 to Ps. 509 million in the second quarter of 2021. Selling, general and administrative expense as a percentage of net sales represented 3% in the second quarter of 2021 compared to 6% of the second quarter of 2020.


Other Income (Expenses), net

The company recorded other expenses net of Ps. 17 million in the second quarter of 2021 compared with other income net of Ps. 58 million for the second quarter of 2020.


Operating (Loss) Income

Operating income amounted to Ps. 3.878 million in the second quarter 2021 compared to Ps. 1.005 million in the second quarter of 2020, this represented 389% of increase between both quarters. The operating income as a percentage of net sales was 25% for the second quarter of 2021, compared to 13% of the second quarter of 2020. The increase in operating profit is due to a higher average sale price.


Ebitda

The Ebitda amounted to Ps. 1,325 million in the second quarter of 2020 as a result of a net income of Ps. 546 million, less minority stake of Ps. 16 million, plus income taxes of Ps. 373 million, plus comprehensive financial cost of Ps. 69 million, plus depreciation of Ps. 321 million to Ps 4,170 million in the second quarter of 2021 as a result of a net income of Ps. 2,333 million, plus minority stake of Ps. 1 million, plus income taxes of Ps. 1,240 million, plus comprehensive financial cost of Ps. 304 million, plus depreciation of Ps. 292 million.

Consolidated 

Million  


Comparative second quarter of 2021 vs second quarter of 2020,


2021


2020


Net income (loss) attributable to Vale’s stockholders


2,333


546

Loss attributable to noncontrolling interests

1

16


Net income (loss)


2,334


562

Depreciation, depletion and amortization

292

321

Income taxes

1,240

373

Financial results income (loss)

304

69


EBITDA


4,170


1,325


Items to reconciled adjusted EBITDA

Equity results and other results in associates and joint ventures

0

0

Dividends received and interest from associates and joint ventures (i)

0

0

Impairment and disposal of non-current assets

0

0


Adjusted EBITDA


4,170


1,325


Comprehensive Financial Cost

Comprehensive financial cost of the Company for the second quarter of 2021 represented a net expense of Ps. 304 million compared with a net expense of Ps. 69 million for the second quarter of 2020. The comprehensive financial cost is comprised for the net interest expense of Ps. 9 million in the second quarter of 2021, compared to a net interest income of Ps. 1 million for the same period of 2020. Also record an exchange loss of Ps. 295 million in the second quarter of 2021 and an exchange loss of Ps. 70 million in the second quarter of 2020.


Income Taxes

The company recorded an expense of Ps. 1,240 million of expense tax in the second quarter of 2021, (comprised by current expense tax of Ps. 1,210 million and an expense for deferred tax of Ps. 30 million) compared to an expense accrual of Ps. 373 million for income tax for the second quarter of 2020, (comprised by current expense tax of Ps. 364 million and an income for deferred tax of Ps. 9 million).


Net Income (Loss)

As a result of the foregoing, the Company recorded a net income of Ps. 2,333 million in the second quarter of 2021 compared to Ps. 546 million for the second quarter of 2020, an increase of 327% between both quarters.


(millions of pesos)


1H ’21


1H ’20


Year 21 VS ’20

Sales

28,613

16,096

78%

Cost of Sales

20,909

13,173

59%

Gross Profit

7,704

2,923

164%

Selling, General and Administrative Expense

984

867

13%

Other Income (Expenses), net

(30)

160

(119%)

Operating Profit

6,690

2,216

202%

EBITDA

7,283

2,851

155%

Net income 

4,977

2,460

102%

Sales Outside Mexico

14,458

8,168

77%

Sales in Mexico

14,155

7,928

79%

Total Sales (Tons)

1,369

1,162

18%

 


Quarter


(millions of pesos)


2Q’21


1Q ’21


2Q ’20


2Q´21vs 1Q´21


2Q´21 vs 2Q ’20

Sales

15,258

13,355

7,596

14%

101%

Cost of Sales

10,854

10,055

6,213

8%

75%

Gross Profit

4,404

3,300

1,383

33%

218%

Selling, General and Adm. Expenses

509

475

436

7%

17%

Other Income (Expenses), net

(17)

(13)

58

31%

(129%)

Operating Profit

3,878

2,812

1,005

38%

286%

EBITDA

4,170

3,113

1,325

34%

215%

Net Income

2,333

2,644

546

(12%)

327%

Sales Outside Mexico

7,767

6,691

4,072

16%

91%

Sales in Mexico

7,491

6,664

3,524

12%

113%

Total Sales (Tons)

687

682

540

1%

27%

 


Product


Thousands of Tons


Jan-Jun 2021


Millions of Pesos Jan-Jun 2021


Average Price per Ton


Jan-Jun


2021


Thousands of Tons


Jan – Jun 2020


Millions of Pesos Jan- Jun 2020


Average Price per Ton


 Jan-Jun


2020


Commercial Profiles

880

17,473

19,856

806

9,952

12,347


Special Profiles

489

11,140

22,781

356

6,144

17,258


Total

1,369

28,613

20,901

1,162

16,096

13,852

 


Product


Thousands of Tons


Apr-Jun 2021


Millions of Pesos     Apr-Jun 2021


Average Price per Ton


Apr-Jun


2021


Thousands of Tons


Jan – Mar


2021


Millions of Pesos     Jan- Mar


2021


Average Price per Ton


Jan-Mar


2021


Thousands of Tons Apr-Jun


2020


Millions of Pesos Apr-Jun 2020


Average Price per Ton Apr-Jun


2020


Commercial Profiles

445

9,358

21,029

435

8,114

18,653

 

408

5,172

12,676


Special Profiles

242

5,900

24,380

247

5,241

21,219

 

132

2,424

18,363


Total

687

15,258

22,210

682

13,355

19,582

540

7,596

14,066

Any forward-looking information contained herein is inherently subject to various risks, uncertainties and assumptions which, if incorrect, may cause actual results to vary materially from those anticipated, expected or estimated. The company assumes no obligation to update any forward-looking information
contained herein.

Contact:
José Luis Tinajero
Mario Moreno Cortez
Grupo Simec, S.A.B. de C.V.
Calzada Lázaro Cárdenas 601
44440 Guadalajara, Jalisco, México
52 55 1165 1025
52 33 3770 6734

Cision View original content:https://www.prnewswire.com/news-releases/grupo-simec-announces-results-of-operations-for-the-first-six-months-of-2021-301333101.html

SOURCE Grupo Simec, S.A.B. de C.V.

Madrigal Pharmaceuticals Offers Patients Resmetirom in a Planned Open Label Active Treatment Extension of the Phase 3 MAESTRO-NAFLD-1 Clinical Study

CONSHOHOCKEN, Pa., July 13, 2021 (GLOBE NEWSWIRE) — Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) announced today its first patient dosed in a planned 52-week open label active treatment extension study of MAESTRO-NAFLD-1, named MAESTRO-NAFLD-1-Open Label Extension (OLE) (NCT04951219). MAESTRO-NAFLD-1 is an ongoing 52-week ~1200 patient Phase 3 non-invasive, multi-center, double-blind, randomized, placebo-controlled study of resmetirom in patients with non-alcoholic fatty liver disease (NAFLD), presumed NASH. The study is due to complete later this year with measures of safety and efficacy including reduction in imaging and biomarker measures of NASH, as well as the lowering of LDL-cholesterol and other atherogenic lipids.

MAESTRO-NAFLD-OLE allows patients who complete MAESTRO-NAFLD-1 to consent to 52 weeks of active treatment with resmetirom, making this treatment available to patients who were assigned to placebo in the main study and allowing patients who were on resmetirom to continue treatment with the drug.

“Patients and physicians participating in MAESTRO-NAFLD-1 are enthusiastic about the opportunity to continue active treatment with resmetirom in the extension study,” stated Becky Taub, M.D., Chief Medical Officer and President of Research & Development of Madrigal. “We have achieved positive results with resmetirom in our Phase 2 clinical trial, and the recently reported results from the ongoing open-label arm of Phase 3 MAESTRO-NAFLD-1. NASH is a chronic disease that will require long-term dosing and the extension study will generate additional valuable safety and efficacy data.”

About Madrigal Pharmaceuticals

Madrigal Pharmaceuticals, Inc. (Nasdaq: MDGL) is a clinical-stage biopharmaceutical company pursuing novel therapeutics that target a specific thyroid hormone receptor pathway in the liver, which is a key regulatory mechanism common to a spectrum of cardio-metabolic and fatty liver diseases with high unmet medical need. Madrigal’s lead candidate, resmetirom, is a first-in-class, orally administered, small-molecule, liver-directed, thyroid hormone receptor (THR)-β selective agonist that is in currently in two Phase 3 clinical studies, MAESTRO-NASH and MAESTRO- NAFLD-1, designed to demonstrate multiple benefits across a broad spectrum of NASH (non-alcoholic steatohepatitis) and NAFLD (non-alcoholic fatty liver disease) patients. For more information, visit www.madrigalpharma.com.

Forward-Looking Statements

This communication contains “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, that are based on our beliefs and assumptions and on information currently available to us but are subject to factors beyond our control. Forward-looking statements include but are not limited to statements or references concerning: our clinical trials; research and development activities; the timing and results associated with the future development of our lead product candidate, MGL-3196 (resmetirom); our primary and secondary study endpoints for resmetirom and the potential for achieving such endpoints and projections;
plans, objectives and timing
for making a Subpart H (Accelerated Approval of New Drugs for Serious or Life-Threatening Illnesses) submission to FDA;
optimal dosing levels for resmetirom; projections regarding potential future NASH resolution, safety, fibrosis treatment, cardiovascular effects, lipid treatment or biomarker effects with resmetirom; the efficacy and safety of resmetirom for
non-cirrhotic NASH patients and cirrhotic NASH patients;
the predictive power of liver fat reduction measured by non-invasive tests on NASH resolution with fibrosis reduction or improvement; the achievement of enrollment objectives concerning patient number, safety database and/or timing for our studies; the predictive power of NASH resolution and/or liver fibrosis reduction with resmetirom using non-invasive tests, including the use of ELF, FibroScan, MRE and/or MRI-PDFF; the predictive power of non-invasive tests generally, including for purposes of diagnosing NASH, monitoring patient response to resmetirom, or recruiting a NASH clinical trial; potential NASH or NAFLD patient risk profile benefits with resmetirom; the potential for resmetirom to become the best-in-class and/or first-to-market treatment option for patients with NASH; and our possible or assumed future results of operations and expenses, business strategies and plans, capital needs and financing plans, trends, market sizing, competitive position, industry environment and potential growth opportunities, among other things. Forward-looking statements: reflect management’s current knowledge, assumptions, judgment and expectations regarding future performance or events; include all statements that are not historical facts; and can be identified by terms such as “allow,” “anticipates,” “be,” “believes,” “continue,” “could,” “demonstrates,” ”design,” “estimates,” “expects,” “forecasts,” “future,” “goal,” “hopeful,” ”inform,” “intends,” “may,” “might,” “plans,” “positions,” “potential,” “powers,” “predicts,” ”predictive,” “projects,” “seeks,” “should,” “will,” “would” or similar expressions and the negatives of those terms. Although management presently believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct and you should be aware that actual results could differ materially from those contained in the forward- looking statements.

Forward-looking statements are subject to a number of risks and uncertainties including, but not limited to: our clinical development of resmetirom; enrollment uncertainties, generally and in relation to COVID-19-related measures that may be continued for an uncertain period of time or implemented; outcomes or trends from competitive studies; future topline data timing or results; the risks of achieving potential benefits in studies that include substantially more patients than our prior studies; limitations associated with early stage, non-placebo controlled study data; the timing and outcomes of clinical studies of resmetirom; and the uncertainties inherent in clinical testing. Undue reliance should not be placed on forward- looking statements, which speak only as of the date they are made. Madrigal undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events. Please refer to Madrigal’s filings with the U.S. Securities and Exchange Commission for more detailed information regarding these risks and uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. We specifically discuss these risks and uncertainties in greater detail in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020, as well as in our other filings with the SEC.

Investor Contact:

Alex Howarth, Madrigal Pharmaceuticals, Inc., [email protected]

Media Contact:

Mike Beyer, Sam Brown Inc., [email protected], 312-961-2502



Herman Miller and Knoll Shareholders Approve Merger-Related Proposals

PR Newswire

ZEELAND, Mich. and EAST GREENVILLE, Pa., July 13, 2021 /PRNewswire/ — Herman Miller, Inc. (“Herman Miller“) (NASDAQ: MLHR) and Knoll, Inc. (“Knoll”) (NYSE: KNL) announced that, at their respective special meetings held today, Herman Miller and Knoll shareholders overwhelmingly approved their respective proposals required in order to consummate the pending acquisition of Knoll by Herman Miller. Upon completion of the transaction, Knoll shareholders will receive $11.00 in cash and 0.32 shares of Herman Miller common stock for each share of Knoll common stock they own.

Subject to the satisfaction or permitted waiver of all remaining closing conditions, the transaction is currently expected to close on Monday, July 19, 2021.


About Herman Miller


Herman Miller is a globally recognized leader in design. Since its inception in 1905, the company’s innovative, problem-solving designs and furnishings have inspired the best in people wherever they live, work, learn, heal, and play. In 2018, Herman Miller created Herman Miller Group, a purposefully selected, complementary family of brands that includes Colebrook Bosson Saunders, Design Within Reach, Geiger, HAY, Maars Living Walls, Maharam, and naughtone. Guided by a shared purpose—design for the good of humankind—Herman Miller Group shapes places that matter for customers while contributing to a more equitable and sustainable future for all. For more information visit www.hermanmiller.com/about-us.


About Knoll

Knoll, Inc. is a constellation of design-driven brands and people, working together with our clients in person and digitally to create inspired modern interiors. Our internationally recognized portfolio includes furniture, textiles, leathers, accessories, and architectural and acoustical elements. Our brands – Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck | FilzFelt, Edelman Leather, HOLLY HUNT, DatesWeiser, Muuto, and Fully – reflect our commitment to modern design that meets the diverse requirements of high performance workplaces, work from home settings and luxury residential interiors. A recipient of the National Design Award for Corporate and Institutional Achievement from the Smithsonian`s Cooper-Hewitt, National Design Museum, Knoll, Inc. is aligned with the U.S. Green Building Council and the Canadian Green Building Council and can help organizations achieve the Leadership in Energy and Environmental Design (LEED) workplace certification. Our products can also help clients comply with the International Living Future Institute to achieve Living Building Challenge Certification, and with the International WELL Building Institute to attain WELL Building Certification. Knoll, Inc. is the founding sponsor of the World Monuments Fund Modernism at Risk program.


Forward-Looking Statements

This communication relates to a proposed business combination transaction between Herman Miller and Knoll. This communication includes 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. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined company’s business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. These forward-looking statements generally can be identified by phrases such as “will,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Herman Miller’s or Knoll’s stock. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties’ control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the risk that the anticipated benefits of the Merger with Knoll will not be realized on the anticipated timing or at all; the risk that the conditions to closing of the Merger will not be satisfied on the anticipated timing or at all; risks arising from litigation relating to the Merger; risks related to the additional debt incurred in connection with the Merger; Herman Miller’s ability to comply with its debt covenants and obligations; the risk that the anticipated benefits of the Merger will be more costly to realize than expected; the effect of the announcement of the Merger on the ability of Herman Miller or Knoll to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Herman Miller or Knoll does business, or on Herman Miller’s or Knoll’s operating results and business generally; risks that the Merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the Merger; the outcome of any legal proceedings related to the Merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Herman Miller to successfully integrate Knoll’s operations; the ability of Herman Miller to implement its plans, forecasts and other expectations with respect to Herman Miller’s business after the completion of the transaction and realize expected synergies; business disruption following the Merger; general economic conditions; the availability and pricing of raw materials; the financial strength of our dealers and the financial strength of our customers; the success of newly-introduced products; the pace and level of government procurement; and the outcome of pending litigation or governmental audits or investigations. These risks, as well as other risks related to the proposed transaction, are included in the registration statement on Form S-4 and definitive joint proxy statement/prospectus that were filed with the SEC in connection with the proposed transaction. While the risks presented here, and those presented in the registration statement and definitive joint proxy statement/prospectus, are considered representative, they should not be considered a complete statement of all potential risks and uncertainties. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Herman Miller’s and Knoll’s respective periodic reports and other filings with the SEC, including the risk factors identified in Herman Miller’s and Knoll’s most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. The forward-looking statements included in this communication are made only as of the date hereof. Neither Herman Miller nor Knoll undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law.

Cision View original content:https://www.prnewswire.com/news-releases/herman-miller-and-knoll-shareholders-approve-merger-related-proposals-301333100.html

SOURCE Herman Miller, Inc.

Herman Miller and Knoll Shareholders Approve Merger-Related Proposals

ZEELAND, Mich. and EAST GREENVILLE, Pa., July 13, 2021 (GLOBE NEWSWIRE) — Herman Miller, Inc. (“Herman Miller”) (NASDAQ: MLHR) and Knoll, Inc. (“Knoll”) (NYSE: KNL) announced that, at their respective special meetings held today, Herman Miller and Knoll shareholders overwhelmingly approved their respective proposals required in order to consummate the pending acquisition of Knoll by Herman Miller. Upon completion of the transaction, Knoll shareholders will receive $11.00 in cash and 0.32 shares of Herman Miller common stock for each share of Knoll common stock they own.

Subject to the satisfaction or permitted waiver of all remaining closing conditions, the transaction is currently expected to close on Monday, July 19, 2021.


About Herman Miller 


Herman Miller is a globally recognized leader in design. Since its inception in 1905, the company’s innovative, problem-solving designs and furnishings have inspired the best in people wherever they live, work, learn, heal, and play. In 2018, Herman Miller created Herman Miller Group, a purposefully selected, complementary family of brands that includes Colebrook Bosson Saunders, Design Within Reach, Geiger, HAY, Maars Living Walls, Maharam, and naughtone. Guided by a shared purpose—design for the good of humankind—Herman Miller Group shapes places that matter for customers while contributing to a more equitable and sustainable future for all. For more information visit www.hermanmiller.com/about-us


About Knoll


Knoll, Inc. is a constellation of design-driven brands and people, working together with our clients in person and digitally to create inspired modern interiors. Our internationally recognized portfolio includes furniture, textiles, leathers, accessories, and architectural and acoustical elements. Our brands – Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck | FilzFelt, Edelman Leather, HOLLY HUNT, DatesWeiser, Muuto, and Fully – reflect our commitment to modern design that meets the diverse requirements of high performance workplaces, work from home settings and luxury residential interiors. A recipient of the National Design Award for Corporate and Institutional Achievement from the Smithsonian`s Cooper-Hewitt, National Design Museum, Knoll, Inc. is aligned with the U.S. Green Building Council and the Canadian Green Building Council and can help organizations achieve the Leadership in Energy and Environmental Design (LEED) workplace certification. Our products can also help clients comply with the International Living Future Institute to achieve Living Building Challenge Certification, and with the International WELL Building Institute to attain WELL Building Certification. Knoll, Inc. is the founding sponsor of the World Monuments Fund Modernism at Risk program.


Forward-Looking Statements


This communication relates to a proposed business combination transaction between Herman Miller and Knoll. This communication includes 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. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined company’s business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. These forward-looking statements generally can be identified by phrases such as “will,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of Herman Miller’s or Knoll’s stock. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties’ control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the risk that the anticipated benefits of the Merger with Knoll will not be realized on the anticipated timing or at all; the risk that the conditions to closing of the Merger will not be satisfied on the anticipated timing or at all; risks arising from litigation relating to the Merger; risks related to the additional debt incurred in connection with the Merger; Herman Miller’s ability to comply with its debt covenants and obligations; the risk that the anticipated benefits of the Merger will be more costly to realize than expected; the effect of the announcement of the Merger on the ability of Herman Miller or Knoll to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom Herman Miller or Knoll does business, or on Herman Miller’s or Knoll’s operating results and business generally; risks that the Merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the Merger; the outcome of any legal proceedings related to the Merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of Herman Miller to successfully integrate Knoll’s operations; the ability of Herman Miller to implement its plans, forecasts and other expectations with respect to Herman Miller’s business after the completion of the transaction and realize expected synergies; business disruption following the Merger; general economic conditions; the availability and pricing of raw materials; the financial strength of our dealers and the financial strength of our customers; the success of newly-introduced products; the pace and level of government procurement; and the outcome of pending litigation or governmental audits or investigations. These risks, as well as other risks related to the proposed transaction, are included in the registration statement on Form S-4 and definitive joint proxy statement/prospectus that were filed with the SEC in connection with the proposed transaction. While the risks presented here, and those presented in the registration statement and definitive joint proxy statement/prospectus, are considered representative, they should not be considered a complete statement of all potential risks and uncertainties. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to Herman Miller’s and Knoll’s respective periodic reports and other filings with the SEC, including the risk factors identified in Herman Miller’s and Knoll’s most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. The forward-looking statements included in this communication are made only as of the date hereof. Neither Herman Miller nor Knoll undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law.

Contacts

Herman Miller

Investors:

Jeff Stutz
Chief Financial Officer
616 654-8538
[email protected]

Kevin Veltman
VP of Investor Relations & Treasurer
616 654-3973
[email protected]

Media:

Todd Woodward
[email protected]
616 654-5977

Knoll

Investors:

Charles Rayfield 
Senior Vice President and Chief Financial Officer
215 679-1703
[email protected]

Media:

David E. Bright
Senior Vice President, Communications
212 343-4135
[email protected]



Cummins Inc. Increases Quarterly Common Stock Dividend

Cummins Inc. Increases Quarterly Common Stock Dividend

COLUMBUS, Ind.–(BUSINESS WIRE)–
The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company’s quarterly cash dividend on common stock of 7 percent to 1.45 dollars per share from 1.35 dollars per share. The dividend is payable on September 2, 2021, to shareholders of record on August 20, 2021.

“This marks our 12th consecutive year of increasing our dividend, demonstrating a consistent trend of returning capital to shareholders while continuing to invest in our future,” said Tom Linebarger, Chairman and CEO, Cummins Inc.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,825 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. To learn more about Cummins visit cummins.com.

Forward-looking disclosure statement

Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse results of our internal review into our emissions certification process and compliance with emission standards; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; policy changes in international trade; the U.K.’s exit from the European Union; changes in taxation; global legal and ethical compliance costs and risks; increasingly stringent environmental laws and regulations; future bans or limitations on the use of diesel-powered products; supply shortages and supplier financial risk, particularly from any of our single-sourced suppliers, including suppliers that may be impacted by the COVID-19 pandemic; market slowdown due to the impacts from the COVID-19 pandemic, other public health crises, epidemics or pandemics; impacts to manufacturing and supply chain abilities from an extended shutdown or disruption of our operations due to the COVID-19 pandemic; aligning our capacity and production with our demand, including impacts of COVID-19; large truck manufacturers and original equipment manufacturers customers discontinuing outsourcing their engine supply needs or experiencing financial distress, particularly related to the COVID-19 pandemic, bankruptcy or change in control; a slowdown in infrastructure development and/or depressed commodity prices; failure to realize expected results from our investment in Eaton Cummins Automated Transmission Technologies joint venture; the actions of, and income from, joint ventures and other investees that we do not directly control; product recalls; the development of new technologies that reduce demand for our current products and services; lower than expected acceptance of new or existing products or services; variability in material and commodity costs; product liability claims; our sales mix of products; protection and validity of our patent and other intellectual property rights; disruptions in global credit and financial markets as the result of the COVID-19 pandemic; labor relations or work stoppages; reliance on our executive leadership team and other key personnel; climate change and global warming; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures and related uncertainties of entering such transactions; exposure to potential security breaches or other disruptions to our information technology systems and data security; political, economic and other risks from operations in numerous countries; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates, particularly those related to the sustained slowdown of the global economy due to the COVID-19 pandemic; the price and availability of energy; the outcome of pending and future litigation and governmental proceedings; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2020 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at http://www.sec.gov or at http://www.cummins.com in the Investor Relations section of our website.

Jon Mills

Director, External Communications

317-658-4540

[email protected]

KEYWORDS: United States North America Indiana

INDUSTRY KEYWORDS: Other Energy Oil/Gas General Automotive Public Transport Energy Automotive Trucking Rail Engineering Maritime Transport Automotive Manufacturing Manufacturing

MEDIA:

Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Portfolio Manager Update Webcast

NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) — Brookfield Public Securities Group LLC (“PSG”) will host a webcast for Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) (the “Fund”) on Tuesday, July 20, 2021 at 2:00pm ET. PSG will provide an update on the Fund and on general market conditions.

There will be an opportunity to ask questions about the Fund during the call. Questions may also be submitted ahead of the call by sending an e-mail to [email protected].

Registration and Webcast Link: https://event.webcasts.com/starthere.jsp?ei=1479985&tp_key=ea3da2c71f

Audio Only Dial-In: 800-263-0877 (toll free) / 646-828-8143 (toll)
Event Code: 8266236

A replay will be available via this link shortly following the webcast. A transcript of the call will also be available by calling 855-777-8001 or by sending an e-mail request to the Fund at [email protected].

Brookfield Public Securities Group LLC (“PSG”) is an SEC-registered investment adviser that represents the Public Securities platform of Brookfield Asset Management Inc., providing global listed real assets strategies including real estate equities, infrastructure equities, energy infrastructure equities, multi-strategy real asset solutions and real asset debt. With over $19 billion of assets under management as of May 31, 2021, PSG manages separate accounts, registered funds and opportunistic strategies for financial institutions, public and private pension plans, insurance companies, endowments and foundations, sovereign wealth funds and individual investors. PSG is a wholly owned subsidiary of Brookfield Asset Management Inc., a leading global alternative asset manager with over $600 billion of assets under management as of March 31, 2021. For more information, go to www.brookfield.com.

Brookfield Real Assets Income Fund Inc. is managed by Brookfield Public Securities Group LLC. The Fund uses its website as a channel of distribution of material information about the Fund. Financial and other material information regarding the Fund is routinely posted on and accessible at www.brookfield.com.


COMPANY CONTACT

Center Coast Brookfield MLP & Energy Infrastructure Fund

Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281-1023
(855) 777-8001
[email protected]

Investing involves risk; principal loss is possible. Past performance is not a guarantee of future results.

Foreside Fund Services, LLC; distributor.



American Campus Communities to Attend 13th Annual InterFace Student Housing Conference

American Campus Communities to Attend 13th Annual InterFace Student Housing Conference

AUSTIN, Texas–(BUSINESS WIRE)–
American Campus Communities, Inc. (NYSE: ACC), the nation’s largest owner and manager of high-quality student housing properties, today announced that members of management will attend the InterFace Student Housing Conference held July 13-15 in Austin, TX. Management will deliver a presentation on Wednesday, July 14, 2021, which will be posted to the company’s website at www.americancampus.com.

About American Campus Communities

American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties. As of March 31, 2021, American Campus Communities owned 166 student housing properties containing approximately 111,900 beds. Including its owned and third-party managed properties, ACC’s total managed portfolio consisted of 207 properties with approximately 142,400 beds. Visit www.americancampus.com.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements under the applicable federal securities law. These statements are based on management’s current expectations and assumptions regarding markets in which American Campus Communities, Inc. (the “company”) operates, operational strategies, anticipated events and trends, the economy, and other future conditions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. These risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward looking-statements include those related to the COVID-19 pandemic, about which there are still many unknowns, including the duration of the pandemic and the extent of its impact, and those discussed in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020 under the heading “Risk Factors” and under the heading “Business – Forward-looking Statements” and subsequent quarterly reports on Form 10-Q. We undertake no obligation to publicly update any forward-looking statements, including our preleasing activity or expected full year 2021 operating results, whether as a result of new information, future events, or otherwise.

Ryan Dennison

Investor Relations

(512) 732-1000

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: REIT Residential Building & Real Estate University Construction & Property Education

MEDIA:

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Berry Global Group, Inc. to Report Third Fiscal Quarter 2021 Results and Host Conference Call

Berry Global Group, Inc. to Report Third Fiscal Quarter 2021 Results and Host Conference Call

EVANSVILLE, Ind.–(BUSINESS WIRE)–
Berry Global Group, Inc. (NYSE: BERY), will report its third fiscal quarter 2021 results on Thursday, August 5, 2021, before trading begins on the New York Stock Exchange. At 10 a.m. Eastern Time on that day, Berry will hold its quarterly conference call on the Company’s results and performance.

The telephone numbers to access the conference call are (866) 244-4530 (domestic), or (209) 313-0728 (international), and use the conference ID 9749413. A live webcast of the conference call and a supplemental presentation can be accessed through the investor relations section of the Company’s internet site www.berryglobal.com. A taped replay of the call will be available beginning August 5, 2021, at 1 p.m. Eastern Time, to August 19, 2021, by calling (855) 859-2056 (domestic), or (404) 537-3406 (international), access code 9749413.

About Berry

At Berry Global Group, Inc. (NYSE:BERY), we create innovative packaging and engineered products that we believe make life better for people and the planet. We do this every day by leveraging our unmatched global capabilities, sustainability leadership, and deep innovation expertise to serve customers of all sizes around the world. Harnessing the strength in our diversity and industry leading talent of 47,000 global employees across more than 295 locations, we partner with customers to develop, design, and manufacture innovative products with an eye toward the circular economy. The challenges we solve and the innovations we pioneer benefit our customers at every stage of their journey. For more information, visit our website at www.berryglobal.com.

Investor Contact:

Dustin Stilwell

1+812.306.2964

[email protected]

Media Contact:

Eva Schmitz

1+812.306.2424

[email protected]

KEYWORDS: United States North America Indiana

INDUSTRY KEYWORDS: Packaging Engineering Chemicals/Plastics Manufacturing

MEDIA:

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Granite Awarded $18 Million Road Reconstruction Project in Salt Lake City

Granite Awarded $18 Million Road Reconstruction Project in Salt Lake City

WATSONVILLE, Calif.–(BUSINESS WIRE)–
Granite (NYSE:GVA) has been awarded the $18 million contract for the 300 West Reconstruction project by Salt Lake City in Utah. The contract award is anticipated to be included in Granite’s second quarter committed and awarded projects (CAP).

The scope of work consists of the full reconstruction of 300 West from 900 South to 2100 South. The project design features a number of innovative highlights, like a fully protected two-way bike lane and the incorporation of greenery-filled “parkstrips” to aid in stormwater management, as well as providing a buffer from traffic for pedestrians. Additional work includes cured-in-place pipe (CIPP) sewer lining, flat concrete work, traffic signal systems, and asphalt paving.

“We are excited to work with Salt Lake City on the 300 West project to improve mobility and safety for vehicle, bicycle, and pedestrian traffic,” said Granite Vice President Jason Klaumann. “Our local facilities will also be providing the materials for this multi-season project.”

Materials provided by Granite facilities include 8,200 linear-feet of CIPP from Liner Products, a Granite Inliner company. Granite’s Cottonwood facility will provide 17,000 tons of hot-mix asphalt and the Coyote facility will provide 14,000 tons of aggregate base.

Construction is underway and expected to be completed in the fall of 2022.

About Granite Inliner

Granite Inliner is a leading provider of trenchless water and wastewater system renewal services. From our flagship Inliner® Cured-In-Place Pipe (CIPP) to our glass-reinforced Inliner STX® UV-cured liners and technologies, we rehabilitate a broad range gravity and pressure pipeline systems. Our approach reduces disruption to the public and the environment, while completing the project in less time and less cost than traditional excavation. For more information visit the Granite Inliner website.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure, and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite onLinkedIn,Twitter, Facebook, and Instagram.

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu – 831-761-7861

KEYWORDS: United States North America California Utah

INDUSTRY KEYWORDS: Other Construction & Property Transport Public Transport Construction & Property Urban Planning

MEDIA:

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