Aberdeen Standard Investments Introduces Exchange Traded Funds Range At NYSE Closing Bell Ceremony
PHILADELPHIA, Jan. 16, 2019 /PRNewswire/ -- Aberdeen Standard Investments (ASI) will showcase its New York Stock Exchange (NYSE)-listed commodity exchange traded funds (ETFs) to the market by ringing The Closing Bell at 4:00 pm EST today.
Leveraging Spend Management Strategies to Optimize All Source-to-Pay (S2P) Processes and Identify Savings of 35% - SpendEdge
LONDON--(BUSINESS WIRE)-- SpendEdge, a well-known procurement intelligence solution provider, has announced the completion of their latest spend management study for a mining equip
HP Helps Brands Tap Into Print Personalization Market
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Rhinebeck Bancorp, Inc. Announces Closing Of Reorganization And Stock Offering
POUGHKEEPSIE, N.Y., Jan. 16, 2019 /PRNewswire/ -- Rhinebeck Bancorp, Inc. (the "Company"), the holding company for Rhinebeck Bank, announced today that it had closed its stock offering in connection with the completion of the reorganization of Rhinebeck Bank and Rhinebeck Bancorp, MHC into the two-tier mutual holding company form of organization. The Company sold 4,787,315 shares of common stock at a price of $10.00 per share in its subscription offering, including 436,425 shares sold to Rhinebeck Bank's employee stock ownership plan. Upon closing, 11,133,290 shares of the Company's common stock are outstanding, including 6,345,975 shares issued to Rhinebeck Bancorp, MHC. Persons wishing to confirm their stock allocations may contact the Stock Information Center at (845) 763-4733, which will be open for this purpose from 10:00 a.m. to 4:00 p.m., Eastern Time. Shares of the Company's common stock are expected to begin trading on January 17, 2019 on the Nasdaq Capital Market under the trading symbol "RBKB." The Company's transfer agent, Continental Stock Transfer & Trust Company, expects to mail Direct Registration Statements reflecting the shares purchased in the stock offering, a check for any interest due on funds submitted and, if any subscription was not filled in full, any refund due on or about January 17, 2019. Sandler O'Neill & Partners, L.P. acted as marketing agent for the Company in connection with the stock offering. Luse Gorman, PC acted as legal counsel to the Company and Rhinebeck Bank. Silver, Freedman, Taff & Tiernan LLP acted as legal counsel to Sandler O'Neill & Partners, L.P. About Rhinebeck Bank Rhinebeck Bank has served the banking needs of its customers in the central Hudson Valley region of New York State since 1860. It operates from its executive offices/headquarters in Poughkeepsie, New York and 11 branch offices located in Dutchess, Orange and Ulster Counties, New York. At September 30, 2018, Rhinebeck Bank and its mutual holding company, Rhinebeck Bancorp, MHC, had consolidated total assets of $819.7 million, total deposits of $691.7 million and total equity of $57.0 million. Forward-Looking Statements This press release contains forward-looking statements about the offering. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include delays in consummation of the offering, increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in which the Bank is engaged. CONTACT: Michael J. Quinn, President and Chief Executive OfficerTELEPHONE: (845) 790-1501 View original content to download multimedia:http://www.prnewswire.com/news-releases/rhinebeck-bancorp-inc-announces-closing-of-reorganization-and-stock-offering-300779625.html SOURCE Rhinebeck Bank
New Report from Harvard Business School Illustrates the Struggles of America’s Working Family Caregivers
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Microdrones Expands into Asia with Acquisition of Aircam UAV Technology
New York, New York, Jan. 16, 2019 (GLOBE NEWSWIRE) -- As part of an ongoing global growth initiative, Microdrones has acquired Aircam UAV Technology (“Aircam”), a 64 employee Chinese company with its main location in Foshan, an hour-drive from Guangzhou in Southern China, and a branch in Beijing. Aircam has developed a large Chinese and Southeast Asian customer base with a focus on surveying & mapping, utilities, and oil & gas industries.Aircam will be fully integrated with the Microdrones business, brand and leadership team. The Aircam brand and corporate identity will change toMicrodrones, and all aspects of the business will be directed by the Microdrones global leadership team. Microdrones and Aircam have a long history of working together. Microdrones President Vivien Heriard Dubreuil explains, “For the past decade, Microdrones and Aircam have shared a strong distribution relationship, selling and supporting Microdrones systems to professionals throughout the continent."Although Microdrones professional drones have been available in Asia (though Aircam) since 2008, Microdrones now has a direct, local presence in the market. Microdrones technology, products and solutions will be available to customers throughout Asia, subject to applicable export control and regulations. “We’re talking about business oriented, field-proven solutions that will help end-users make better business decisions.” says Heriard Dubreuil, adding “Globally, this is the next step in our evolution. In Asia, specifically, this will have a revolutionary and transformative impact for our customers and our business.”According to Francois Gerner, SVP of Corporate Affairs for Microdrones, “This is exciting news for Microdrones, our newly acquired team in Asia, and our respective customers across markets worldwide. Microdrones is investing in its presence in China so we can offer professional solutions to the high potential commercial market throughout the continent. With more than ten years of operation and market experience in Asia, we are thrilled and grateful to welcome the Aircam team to join the Microdrones family.”Completed in late December of 2018, this acquisition hardens a global presence for the rapidly expanding company and its technology platforms. “We now command a best in class R&D, manufacturing, sales, service and marketing footprint across 6 continents, with more than 220 employees worldwide.” explains Gerner, further noting that “Aircam brings to Microdrones additional production and service capacity and a seasoned team, with access to an enthusiastic customer base across Asia."Microdrones success and notoriety worldwide is rooted in mastering all of the key hardware and software technologies required to provide fully integrated, professional solutions. As one unified company, Microdrones is best positioned to transform customer needs into effective, scalable products and solutions for professionals in all markets and territories.Despite the name Microdrones, the global technology solutions company doesn’t just sell drones, but rather complete commercial packages that include:
LOMIKO STARTS AWARENESS CAMPAIGN AT CONFERENCES IN VANCOUVER AND TORONTO TO HIGHLIGHT LA LOUTRE DRILLING CAMPAIGN
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H.B. Fuller Reports Fourth Quarter and Fiscal Year 2018 Results
ST. PAUL, Minn., Jan. 16, 2019 /PRNewswire/ -- H.B. Fuller Company (NYSE: FUL) today reported financial results for the fourth quarter and fiscal year ended Dec. 1, 2018. Items of Note for Fourth Quarter 2018: Cash flow from operations of $146 million up versus $70 million in the fourth quarter of 2017; debt pay down of $204 million in fiscal 2018, exceeding the company's target of $170 million; Net revenue of $768 million, up 13 percent versus fourth quarter of 2017. Organic revenue up 4 percent7, driven by pricing and double-digit growth in Engineering Adhesives; Net income of $41 million or $0.79 of earnings per diluted share (EPS), compared with a net loss in the fourth quarter of 2017; adjusted net income of $47 million2, or $0.902 adjusted EPS, up 27 percent; Gross margin up 240 basis points and adjusted gross margin5 up 150 basis points versus fourth quarter of 2017; Adjusted EBITDA of $121 million2 up 30 percent year-over-year, driven by acquisitions, strategic pricing gains and acquisition synergies; up 8 percent on a pro-forma basis for Royal1; Adjusted EBITDA margin of 15.7 percent2 increased compared with fourth quarter 2017 margin of 13.7 percent2, and 14.2 percent, on a pro-forma basis including Royal1; Integration of Royal Adhesives on target with $5 million of incremental cost synergies in the fourth quarter and $15 million of cost synergies in fiscal 2018.Items of Note for 2019 Guidance: Assumes challenging macroeconomic conditions continue in China and around the globe, the U.S. dollar remains strong and raw materials prices will be generally flat to 2018; Organic revenue growth of 3 to 5 percent, or net revenue growth of 1 to 2 percent reflecting unfavorable foreign currency impact estimated to be 2 to 3 percent; Adjusted diluted EPS of $3.15 to $3.45; up approximately 10 percent at the midpoint; Adjusted EBITDA of $465 to $485 million; up approximately 6 percent at the midpoint; Core tax rate of between 26 and 29 percent; Approximately $100 million of capital expenditures; Debt repayment of $200 million, on-track to the company's deleveraging targets.Fourth Quarter 2018 Key Financials: ($ in Millions) Reported Adjusted/Proforma 2018 2017 % Change 2018 2017 % Change Net Revenue 768 678 +13% 768 7711 -0.3% Gross Profit Margin 27.3% 24.9% +240bps 28.1%5 26.6%5 +150bps Net Income 41 (7) N/A 472 372 +27% Diluted EPS $0.79 ($0.13) N/A $0.902 $0.712 +27% Summary of Fourth Quarter 2018 Results: Net revenue for the fourth quarter of 2018 of $768 million increased 13 percent compared with the fourth quarter of 2017. Organic revenue grew 3.8 percent7, driven by pricing improvements and double-digit growth in Engineering Adhesives. Gross profit margin was 27.3 percent, compared with 24.9 percent in the same period in 2017 and adjusted gross profit margin of 28.1 percent5 increased 150 basis points versus last year, driven by strategic pricing gains, raw material sourcing synergies and lower manufacturing costs. Selling, General and Administrative (SG&A) expense was $140 million compared with $151 million last year. Adjusted SG&A expense of $131 million6 increased compared with $117 million in the fourth quarter of 2017, primarily due to the impact of acquisitions. Adjusted SG&A expense declined by $2 million, on a pro-forma basis for Royal1. Net income for the fourth quarter of 2018 was $41 million, or $0.79 per diluted share, compared with a net loss of $7 million, or ($0.13) per share in the same period last year, and adjusted net income of $47 million2, or $0.902 adjusted EPS, increased 27 percent compared with $37 million2, or $0.712 adjusted EPS, versus last year. Adjusted EBITDA was $121 million2, up 30 percent compared with the prior year, with increases in all five operating segments. Adjusted EBITDA was up 8 percent on a proforma basis including Royal8. "Our strategy to gain share in Engineering Adhesives, manage margins through effective pricing and leverage acquisition synergies continues to drive success at H.B. Fuller," said Jim Owens, president and chief executive officer. "We achieved solid organic revenue growth in the quarter driven by pricing gains and double-digit growth in Engineering Adhesives. Foreign currency exchange rates and slower growth in China impacted our results more than we anticipated in our financial guidance for the fourth quarter. Despite these challenging macroeconomic factors, we increased adjusted EBITDA by 8 percent, doubled cash flow from operations compared with the fourth quarter of last year and paid down $204 million of debt in 2018, exceeding our $170 million target." Full Year 2018 Summary:Net revenue for the 2018 fiscal year of $3,041 million increased 32 percent compared with fiscal 2017. Organic revenue grew by 3.77 percent year-over-year, driven by pricing gains and double-digit growth in Engineering Adhesives. Gross profit margin of 27.5 percent increased 130 basis points compared with fiscal 2017 and adjusted gross profit margin of 27.9 percent5 increased 60 basis points versus last year. Net income for fiscal 2018 was $171 million, or $3.29 per diluted share, compared with net income of $59 million, or $1.15 per diluted share in fiscal 2017, and adjusted net income of $156 million2, or $3.002 per diluted share, increased 23 percent compared with $1272 million, or $2.452 per diluted share, in fiscal 2017. Adjusted EBITDA of $449 million2 was up 50 percent compared with the prior year, and increased 7 percent on a proforma basis including Royal8. Balance Sheet and Cash Flow:At the end of the fourth quarter of 2018, the Company had cash on hand of $151 million and total debt equal to $2,248 million, of which approximately 70 percent had a fixed interest rate. This compares to cash and debt levels equal to $150 million and $2,364 million, respectively, in the third quarter of 2018. Cash flow from operations in the fourth quarter was $146 million compared to $70 million for the same period in 2017, reflecting the increased profitability of the business and improved working capital management. Capital expenditures were $22 million in the fourth quarter of 2018, compared with $19 million in the same period last year. Financial Guidance: For fiscal year 2019, the company anticipates adjusted EPS of $3.15 to $3.45 and adjusted EBITDA of $465 to $485 million. Full year organic revenue growth is expected to be 3 to 5 percent compared with 2018, with net revenue growth of approximately 1 to 2 percent including an estimated unfavorable impact from foreign currency exchange rates of 2 to 3 percent. The company's core tax rate, excluding the impact of discrete items, is expected to be between 26 and 29 percent. H.B. Fuller expects to invest approximately $100 million in capital items in 2019. "In 2019 we will focus on driving solid organic revenue growth and margin improvement, achieving our committed cost and revenue synergies, and delivering $200 million of debt repayment. Engineering Adhesives will continue to grow into a larger and more profitable part of our business in 2019 and going forward," Owens said. "In terms of guidance sensitivity, we are projecting a continued strong US dollar and China weakness along with relatively neutral raw material prices outside of China in 2019. Raw material demand and prices are currently declining in China and that trend may expand to the rest of the world if tariff and trade disputes persist. If raw material demand and prices start to decline in the rest of the world, our second half 2019 margins could be favorably impacted, resulting in EPS and EBITDA above the midpoint of our guidance range. Owens continued, "We estimate that currency fluctuations and China impacted our 2019 guidance by approximately $40 million versus our original long-term forecast. Adjusting for these factors, our underlying EBITDA growth rates in 2018 and 2019 are in line with our original forecast of about 10 to 12 percent, and we anticipate annual EBITDA growth in this range through 2020. These factors impact the time to achieve our $600 million EBITDA target by about a year. We remain on track to meet or exceed our commitment of $600 million in debt paydown by the end of 2020 as a result of strong profit performance, high cash flow conversion rates and our focused capital management programs." This guidance excludes approximately $15 to $20 million of pre-tax expenses required to integrate the Royal business and other businesses acquired in 2017, and between $6 and $8 million of pre-tax expenses related to ERP development costs. The company's guidance could be impacted by further rule making relative to US Tax Reform. A complete reconciliation of the non-GAAP financial information contained in our 2019 guidance is not being provided in accordance with the "unreasonable efforts" exception of Item 10(e)(1)(i)(B) of Regulation S-K of the Securities and Exchange Commission. Conference Call:The Company will host an investor conference call to discuss fourth quarter results on Thursday, January 17, 2019, at 10:30 a.m. Eastern U.S. time. The conference call audio and accompanying presentation slides will be available to interested parties via a simultaneous webcast, and may be accessed from the company's website at https://investors.hbfuller.com/calendar. Participants should access the webcast 15 minutes prior to the start of the call to register for the event and install and test any necessary software. The webcast and presentation will be archived on the Company's website. A telephone replay of the conference call will be available approximately 1 hour after the conclusion of the call, through Jan. 31, 2019. To access the telephone replay dial 1-877-344-7529 or 1-412-317-0088 and enter passcode 10127319. Certain amounts presented in this release and the accompanying financial statements and data are preliminary and are subject to change in the company's Annual Report on Form 10-K for the year ended December 1, 2018 when it is filed with the Securities and Exchange Commission. Regulation G:The information presented in this earnings release regarding segment operating income, adjusted gross profit, adjusted gross profit margin, adjusted selling, general and administrative expense, adjusted income before income taxes and income from equity investments, adjusted income taxes, adjusted effective tax rate, adjusted net income, adjusted diluted earnings per share and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) does not conform to generally accepted accounting principles (GAAP) and should not be construed as an alternative to the reported results determined in accordance with GAAP. Management has included this non-GAAP information to assist in understanding the operating performance of the Company and its operating segments as well as the comparability of results. The non-GAAP information provided may not be consistent with the methodologies used by other companies. All non-GAAP information is reconciled with reported GAAP results in the tables below with the exception of our forward-looking non-GAAP measures contained in our fiscal 2019 outlook, which are unknown or have not yet occurred. About H.B. Fuller:Since 1887, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants and other specialty chemical products to improve products and lives. With fiscal 2018 net revenue of over $3 billion, H.B. Fuller's commitment to innovation brings together people, products and processes that answer and solve some of the world's biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in electronics, disposable hygiene, medical, transportation, aerospace, clean energy, packaging, construction, woodworking, general industries and other consumer businesses. And, our promise to our people connects them with opportunities to innovate and thrive. For more information, visit us at https://www.hbfuller.com/. Safe Harbor for Forward-Looking Statements:Certain statements in this document may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties, including but not limited to the following: the Royal transaction may involve unexpected costs or liabilities; our business or stock price may suffer as a results of uncertainty surrounding the transaction; the substantial amount of debt we have incurred to finance our acquisition of Royal, our ability to repay or refinance it or incur additional debt in the future, our need for a significant amount of cash to service and repay the debt and to pay dividends on our common stock, and the effect of restrictions contained on our debt agreements that limit the discretion of management in operating the business or ability to pay dividend; various risks to stockholders of not receiving dividends and risks to our ability to pursue growth opportunities if we continue to pay dividends according to the current dividend policy; we may be unable to achieve expected synergies and operating efficiencies from the transaction within the expected time frames or at all; we may be unable to successfully integrate Royal's operations into our own, or such integration may be more difficult, time consuming or costly than expected; the ability to effectively implement Project ONE; political and economic conditions; product demand; competitive products and pricing; costs of and savings from restructuring initiatives; geographic and product mix; availability and price of raw materials; the Company's relationships with its major customers and suppliers; changes in tax laws and tariffs; devaluations and other foreign exchange rate fluctuations; the impact of litigation and environmental matters; the effect of new accounting pronouncements and accounting charges and credits; and similar matters. Further information about the various risks and uncertainties can be found in the Company's SEC 10-K filing for the fiscal year ended December 2, 2017. All forward-looking information represents management's best judgment as of this date based on information currently available that in the future may prove to have been inaccurate. Additionally, the variety of products sold by the Company and the regions where the Company does business make it difficult to determine with certainty the increases or decreases in net revenue resulting from changes in the volume of products sold, currency impact, changes in product mix, and selling prices. However, managements' best estimate of these changes as well as changes in other factors have been included. H.B. FULLER COMPANY AND SUBSIDIARIES CONSOLIDATED FINANCIAL INFORMATION In thousands, except per share amounts (unaudited) 13 Weeks Ended Percent of 13 Weeks Ended Percent of December 1, 2018 Net Revenue December 2, 2017 Net Revenue Net revenue $ 768,429 100.0% $ 678,200 100.0% Cost of sales (558,829) (72.7%) (509,412) (75.1%) Gross profit 209,600 27.3% 168,788 24.9% Selling, general and administrative expenses (139,844) (18.2%) (151,126) (22.3%) Other expense, net (2,324) (0.3%) (26,163) (3.9%) Interest expense (27,574) (3.6%) (19,073) (2.8%) Interest income 3,005 0.4% 1,762 0.3% Income (loss) before income taxes and income from equity method investments 42,863 5.6% (25,812) (3.8%) Income (taxes) benefit (3,488) (0.5%) 16,691 2.5% Income from equity method investments 1,990 0.3% 2,228 0.3% Income (loss) from continuing operations 41,365 5.4% (6,893) (1.0%) Net income (loss) including non-controlling interests 41,365 5.4% (6,893) (1.0%) Net income attributable to non-controlling interests (20) (0.0%) (14) (0.0%) Net income (loss) attributable to H.B. Fuller $ 41,345 5.4% $ (6,907) (1.0%) Basic income (loss) per common share attributable to H.B. Fuller Income from continuing operations 0.82 (0.14) Basic income (loss) per common share attributable to H.B. Fuller $ 0.82 $ (0.14) Diluted income (loss) per common share attributable to H.B. Fuller Income from continuing operations 0.79 (0.13) Diluted income (loss) per common share attributable to H.B. Fuller $ 0.79 $ (0.13) Weighted-average common shares outstanding: Basic 50,712 50,356 Diluted 52,017 51,724 Selected Balance Sheet Information (subject to change prior to filing of the Company's Annual Report on Form 10-K) December 1, 2018 December 2, 2017 December 3, 2016 Cash & cash equivalents $ 150,793 $ 194,398 $ 142,245 Trade accounts receivable, net 485,719 473,700 351,130 Inventories 355,563 372,102 258,096 Trade payables 273,378 268,467 162,964 Total assets 4,175,271 4,373,243 2,066,565 Total debt 2,247,527 2,451,910 703,271 H.B. FULLER COMPANY AND SUBSIDIARIES CONSOLIDATED FINANCIAL INFORMATION In thousands, except per share amounts (unaudited) 52 Weeks Ended Percent of 52 Weeks Ended Percent of December 1, 2018 Net Revenue December 2, 2017 Net Revenue Net revenue $ 3,041,002 100.0% $ 2,306,043 100.0% Cost of sales (2,204,108) (72.5%) (1,700,973) (73.8%) Gross profit 836,894 27.5% 605,070 26.2% Selling, general and administrative expenses (582,132) (19.1%) (477,030) (20.7%) Other income (expense), net 1,184 0.0% (27,667) (1.2%) Interest expense (110,994) (3.6%) (43,701) (1.9%) Interest income 11,774 0.4% 3,927 0.2% Income from continuing operations before income taxes and income from equity method investments 156,726 5.2% 60,599 2.6% Income benefit (taxes) 6,356 0.2% (9,810) (0.4%) Income from equity method investments 8,150 0.3% 8,677 0.4% Income from continuing operations 171,232 5.6% 59,466 2.6% Net income including non-controlling interests 171,232 5.6% 59,466 2.6% Net income attributable to non-controlling interests (24) (0.0%) (48) (0.0%) Net income attributable to H.B. Fuller $ 171,208 5.6% $ 59,418 2.6% Basic income per common share attributable to H.B. Fuller Income from continuing operations 3.38 1.18 Basic income per common share attributable to H.B. Fuller $ 3.38 $ 1.18 Diluted income per common share attributable to H.B. Fullera Income from continuing operations 3.29 1.15 Diluted income per common share attributable to H.B. Fullera $ 3.29 $ 1.15 Weighted-average common shares outstanding: Basic 50,591 50,370 Diluted 51,975 51,619 Dividends declared per common share $ 0.615 $ 0.590 a Income per share amounts may not add due to rounding H.B. FULLER COMPANY AND SUBSIDIARIES REGULATION G RECONCILIATION In thousands, except per share amounts (unaudited) 13 Weeks Ended 52 Weeks Ended December 1, 2018 December 2, 2017 December 1, 2018 December 2, 2017 Net income attributable to H.B. Fuller $ 41,345 $ (6,907) $ 171,208 $ 59,418 Acquisition project costs 616 1,894 2,833 5,258 Tonsan call option agreement 3,555 (1,705) 1,496 (3,946) Organizational realignment 469 789 2,836 15,620 Royal restructuring and integration 5,930 43,893 20,351 47,423 Tax reform (7,138) - (43,276) - Other 1,787 (1,415) 514 2,787 Adjusted net income attributable to H.B. Fuller 2 46,564 36,549 155,962 126,560 Add: Interest expense 27,468 17,949 110,624 42,365 Interest income (3,005) (720) (11,774) (2,886) Income taxes 13,580 11,226 49,541 46,200 Depreciation expense 17,109 14,697 67,910 50,559 Amortization expense 18,855 13,114 76,490 36,243 Adjusted EBITDA 2 120,571 92,815 448,753 299,041 Diluted Shares 52,017 51,724 51,975 51,619 Adjusted diluted income per common share attributable to H.B. Fuller 2 $ 0.90 $ 0.71 $ 3.00 $ 2.45 Revenue $ 768,429 $ 678,200 $ 3,041,002 $ 2,306,043 Adjusted EBITDA margin 2 15.7% 13.7% 14.8% 13.0% 2 Adjusted net income attributable to H.B. Fuller, adjusted diluted income per common share attributable to H.B. Fuller, adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures. Adjusted net income attributable to H.B. Fuller is defined as net income before the specific adjustments shown above. Adjusted diluted income per common share is defined as adjusted net income attributable to H.B. Fuller divided by the number of diluted common shares. Adjusted EBITDA is defined as net income before interest, income taxes, depreciation, amortization and the specific adjustments shown above. Adjusted EBITDA margin is defined as adjusted EBITDA divided by net revenue. The table above provides a reconciliation of adjusted net income attributable to H.B. Fuller, adjusted diluted income per common share attributable to H.B. Fuller, adjusted EBITDA and adjusted EBITDA margin to net income attributable to H.B. Fuller, the most directly comparable financial measure determined and reported in accordance with GAAP. H.B. FULLER COMPANY AND SUBSIDIARIES SEGMENT FINANCIAL INFORMATION In thousands (unaudited) 13 Weeks Ended 13 Weeks Ended December 1, 2018 December 2, 2017 Net Revenue: Americas Adhesives $ 278,105 $ 254,100 EIMEA 184,522 171,984 Asia Pacific 71,135 74,609 Construction Adhesives 105,922 80,450 Engineering Adhesives 128,745 97,057 Total H.B. Fuller $ 768,429 $ 678,200 Segment Operating Income: Americas Adhesives $ 30,430 $ 17,579 EIMEA 9,424 68 Asia Pacific 6,939 5,402 Construction Adhesives 7,212 (9,891) Engineering Adhesives 15,751 4,504 Total H.B. Fuller $ 69,756 $ 17,662 Adjusted EBITDA 2 Americas Adhesives $ 44,988 $ 39,151 EIMEA 20,937 18,011 Asia Pacific 9,312 8,461 Construction Adhesives 18,460 9,389 Engineering Adhesives 27,059 15,869 Total H.B. Fuller $ 120,756 $ 90,881 Adjusted EBITDA Margin 2 Americas Adhesives 16.2% 15.4% EIMEA 11.3% 10.5% Asia Pacific 13.1% 11.3% Construction Adhesives 17.4% 11.7% Engineering Adhesives 21.0% 16.4% Total H.B. Fuller 15.7% 13.4% H.B. FULLER COMPANY AND SUBSIDIARIES SEGMENT FINANCIAL INFORMATION In thousands (unaudited) 52 Weeks Ended 52 Weeks Ended December 1, 2018 December 2, 2017 Net Revenue: Americas Adhesives $ 1,099,918 $ 907,765 EIMEA 738,553 568,658 Asia Pacific 278,079 264,692 Construction Adhesives 446,101 260,330 Engineering Adhesives 478,351 304,598 Total H.B. Fuller $ 3,041,002 $ 2,306,043 Segment Operating Income: Americas Adhesives $ 115,363 $ 91,198 EIMEA 40,060 18,821 Asia Pacific 17,995 14,826 Construction Adhesives 32,917 (12,975) Engineering Adhesives 48,427 16,170 Total H.B. Fuller $ 254,762 $ 128,040 Adjusted EBITDA 2 Americas Adhesives $ 172,112 $ 137,583 EIMEA 83,491 62,767 Asia Pacific 29,145 26,362 Construction Adhesives 77,834 26,393 Engineering Adhesives 81,463 39,090 Total H.B. Fuller $ 444,045 $ 292,195 Adjusted EBITDA Margin 2 Americas Adhesives 15.6% 15.2% EIMEA 11.3% 11.0% Asia Pacific 10.5% 10.0% Construction Adhesives 17.4% 10.1% Engineering Adhesives 17.0% 12.8% Total H.B. Fuller 14.6% 12.7% H.B. FULLER COMPANY AND SUBSIDIARIES REGULATION G RECONCILIATION In thousands, except per share amounts (unaudited) 13 Weeks Ended 52 Weeks Ended December 1, 2018 December 2, 2017 December 1, 2018 December 2, 2017 Income before income taxes and income from equity method investments $ 42,863 $ (25,812) $ 156,726 $ 60,599 Adjustments: Acquisition project costs 848 2,846 3,957 7,990 Tonsan call option agreement 3,555 (1,705) 1,496 (3,946) Organizational realignment 544 1,018 2,840 19,963 Royal restructuring and integration 8,094 66,486 28,566 71,917 Tax reform 305 - 305 - Other 1,965 2,728 3,487 7,608 Adjusted income before income taxes and income from equity method investments 3 $ 58,174 $ 45,561 $ 197,377 $ 164,131 3 Adjusted income before income taxes and income from equity investments is a non-GAAP financial measure. Adjusted income before income taxes and income from equity investments is defined as income before income taxes and income from equity investments before the specific adjustments shown above. The table above provides a reconciliation of adjusted income before income taxes and income from equity investments to income before income taxes and income from equity investments, the most directly comparable financial measure determined and reported in accordance with GAAP. H.B. FULLER COMPANY AND SUBSIDIARIES REGULATION G RECONCILIATION In thousands, except per share amounts (unaudited) 13 Weeks Ended 52 Weeks Ended December 1, 2018 December 2, 2017 December 1, 2018 December 2, 2017 Income Taxes $ (3,488) $ 16,691 $ 6,356 $ (9,810) Adjustments: Acquisition project costs (232) (952) (1,124) (2,732) Organizational realignment (75) (230) (4) (4,343) Royal restructuring and integration (2,164) (22,592) (8,215) (24,494) Tax reform (7,444) - (43,582) - Other (177) (4,143) (2,972) (4,821) Adjusted income taxes 4 $ (13,580) $ (11,226) $ (49,541) $ (46,200) Adjusted income before income taxes and income from equity method investments $ 58,174 $ 45,561 $ 197,377 $ 164,131 Adjusted effective income tax rate 4 23.3% 24.6% 25.1% 28.1% 4 Adjusted income taxes and adjusted effective income tax rate are non-GAAP financial measures. Adjusted income taxes is defined as income taxes before the specific adjustments shown above. Adjusted effective income tax rate is defined as income taxes divided by adjusted income before income taxes and income from equity method investments. The table above provides a reconciliation of adjusted income taxes and adjusted effective income tax rate to income taxes, the most directly comparable financial measure determined and reported in accordance with GAAP. H.B. FULLER COMPANY AND SUBSIDIARIES REGULATION G RECONCILIATION In thousands (unaudited) 13 Weeks Ended 52 Weeks Ended December 1, 2018 December 2, 2017 December 1, 2018 December 2, 2017 Net revenue $ 768,429 $ 678,200 $ 3,041,002 $ 2,306,043 Gross profit $ 209,600 $ 168,788 $ 836,894 $ 605,070 Gross profit margin 27.3% 24.9% 27.5% 26.2% Adjustments: Acquisition project costs 526 1,344 2,521 4,287 Organizational realignment 235 442 1,533 11,452 Royal restructuring and integration 2,810 10,781 5,027 10,781 Other 2,407 (1,052) 2,407 (1,900) Adjusted gross profit 5 $ 215,578 $ 180,303 $ 848,382 $ 629,690 Adjusted gross profit margin 5 28.1% 26.6% 27.9% 27.3% 5 Adjusted gross profit and adjusted gross profit margin are non-GAAP financial measures. Adjusted gross profit and adjusted gross profit margin is defined as gross profit and gross profit margin excluding the specific adjustments shown above. The table above provides a reconciliation of adjusted gross profit and gross profit margin to gross profit and gross profit margin, the most directly comparable financial measure determined and reported in accordance with GAAP. H.B. FULLER COMPANY AND SUBSIDIARIES REGULATION G RECONCILIATION In thousands (unaudited) 13 Weeks Ended 52 Weeks Ended December 1, 2018 December 2, 2017 December 1, 2018 December 2, 2017 Selling, general and administrative expenses $ (139,844) $ (151,126) $ (582,132) $ (477,030) Adjustments: Acquisition project costs 323 1,359 1,436 3,561 Tonsan call option agreement 3,450 (1,780) 1,126 (4,233) Organizational realignment 309 577 1,308 8,511 Royal restructuring and integration 5,114 29,957 23,370 35,387 Tax reform 305 305 Other (442) 3,780 5,851 9,508 Adjusted selling, general and administrative expenses 6 $ (130,785) $ (117,233) $ (548,736) $ (424,296) 6 Adjusted selling, general and administrative expenses is a non-GAAP financial measure. Adjusted selling, general and administrative expenses is defined as selling, general and administrative expenses excluding the specific adjustments shown above. The table above provides a reconciliation of adjusted selling, general and administrative expenses to selling, general and administrative expenses, the most directly comparable financial measure determined and reported in accordance with GAAP. H.B. FULLER COMPANY AND SUBSIDIARIES REGULATION G RECONCILIATION In thousands (unaudited) Americas Asia Construction Engineering Corporate H.B. Fuller Adhesives EIMEA Pacific Adhesives Adhesives Total Unallocated Consolidated 13 Weeks Ended December 1, 2018 $ 30,430 $ 9,424 $ 6,939 $ 7,212 $ 15,751 $ 69,756 $ (28,411) $ 41,345 Net income attributable to H.B. Fuller Adjustments: Acquisition project costs 794 22 10 12 10 848 (232) 616 Tonsan call option agreement - - - - 3,449 3,449 106 3,555 Organizational realignment 12 361 4 163 4 544 (75) 469 Royal restructuring and integration 1,641 3,067 401 1,532 1,284 7,925 (1,995) 5,930 Tax reform 116 77 36 38 38 305 (7,443) (7,138) Other 2,024 142 (97) (2) (102) 1,965 (178) 1,787 Adjusted net income attributable to H.B. Fuller 2 35,017 13,093 7,293 8,955 20,434 84,792 (38,228) 46,564 Add: Interest expense - - - - - - 27,468 27,468 Interest income - - - - - - (3,005) (3,005) Income taxes - - - - - - 13,580 13,580 Depreciation expense 4,504 5,400 1,599 3,091 2,515 17,109 - 17,109 Amortization expense 5,467 2,444 420 6,414 4,110 18,855 - 18,855 Adjusted EBITDA 2 $ 44,988 $ 20,937 $ 9,312 $ 18,460 $ 27,059 $ 120,756 $ (185) $ 120,571 Americas Asia Construction Engineering Corporate H.B. Fuller Adhesives EIMEA Pacific Adhesives Adhesives Total Unallocated Consolidated 52 Weeks Ended December 1, 2018 $ 115,363 $ 40,060 $ 17,995 $ 32,917 $ 48,427 $ 254,762 $ (83,554) $ 171,208 Net income attributable to H.B. Fuller Adjustments: Acquisition project costs 3,674 95 45 48 95 3,957 (1,124) 2,833 Tonsan call option agreement - - - - 1,126 1,126 370 1,496 Organizational realignment 199 1,701 9 922 9 2,840 (4) 2,836 Royal restructuring and integration 8,781 7,663 1,925 5,963 4,065 28,397 (8,046) 20,351 Tax reform 116 77 36 38 38 305 (43,581) (43,276) Other 4,422 1,712 651 786 687 8,258 (7,744) 514 Adjusted net income attributable to H.B. Fuller 2 132,555 51,308 20,661 40,674 54,447 299,645 (143,683) 155,962 Add: Interest expense - - - - - - 110,624 110,624 Interest income - - - - - - (11,774) (11,774) Income taxes - - - - - - 49,541 49,541 Depreciation expense 17,626 22,088 6,574 11,653 9,969 67,910 - 67,910 Amortization expense 21,931 10,095 1,910 25,507 17,047 76,490 - 76,490 Adjusted EBITDA 2 $ 172,112 $ 83,491 $ 29,145 $ 77,834 $ 81,463 $ 444,045 $ 4,708 $ 448,753 Note: Adjusted EBITDA is a non-GAAP financial measure. The tables above provide a reconciliation of adjusted EBITDA for each segment to net income attributable to H.B. Fuller for each segment, the most directly comparable financial measure determined and reported in accordance with U.S. GAAP. H.B. FULLER COMPANY AND SUBSIDIARIES REGULATION G RECONCILIATION In thousands (unaudited) Americas Asia Construction Engineering H.B. Fuller Adhesives EIMEA Pacific Adhesives Adhesives Total Unallocated Consolidated 13 Weeks Ended December 2, 2017 $ 17,579 $ 68 $ 5,402 $ (9,891) $ 4,504 $ 17,662 $ (24,569) $ (6,907) Net income attributable to H.B. Fuller Adjustments: Acquisition project costs 2,760 (71) (34) (35) 83 2,703 (809) 1,894 Tonsan call option agreement - - - - (1,780) (1,780) 75 (1,705) Organizational realignment 130 514 35 274 66 1,019 (230) 789 Royal Restructuring 10,362 10,024 621 12,283 7,448 40,738 3,155 43,893 Other 713 946 451 142 476 2,728 (4,143) (1,415) Adjusted net income attributable to H.B. Fuller 2 31,544 11,481 6,475 2,773 10,797 63,070 (26,521) 36,549 Add: Interest expense - - - - - - 17,949 17,949 Interest income - - - - - - (720) (720) Income taxes - - - - - - 11,226 11,226 Depreciation expense 4,056 4,656 1,525 2,378 2,082 14,697 - 14,697 Amortization expense 3,551 1,874 461 4,238 2,990 13,114 - 13,114 Adjusted EBITDA 2 $ 39,151 $ 18,011 $ 8,461 $ 9,389 $ 15,869 $ 90,881 $ 1,934 $ 92,815 Americas Asia Construction Engineering H.B. Fuller Adhesives EIMEA Pacific Adhesives Adhesives Total Unallocated Consolidated 52 Weeks Ended December 2, 2017 $ 91,198 $ 18,821 $ 14,826 $ (12,975) $ 16,170 $ 128,040 $ (68,622) $ 59,418 Net income attributable to H.B. Fuller Adjustments: Acquisition project costs 6,904 312 151 157 323 7,847 (2,589) 5,258 Tonsan call option agreement - - - - (4,233) (4,233) 287 (3,946) Organizational realignment 2,444 8,973 1,790 5,895 861 19,963 (4,343) 15,620 Royal Restructuring 11,850 11,220 731 14,022 8,345 46,168 1,255 47,423 Other 2,188 2,379 1,133 711 1,197 7,608 (4,821) 2,787 Adjusted net income attributable to H.B. Fuller 2 114,584 41,705 18,631 7,810 22,663 205,393 (78,833) 126,560 Add: Interest expense - - - - - - 42,365 42,365 Interest income - - - - - - (2,886) (2,886) Income taxes - - - - - - 46,200 46,200 Depreciation expense 14,491 15,917 5,976 7,432 6,743 50,559 - 50,559 Amortization expense 8,508 5,145 1,755 11,151 9,684 36,243 - 36,243 Adjusted EBITDA 2 $ 137,583 $ 62,767 $ 26,362 $ 26,393 $ 39,090 $ 292,195 $ 6,846 $ 299,041 Note: Adjusted EBITDA is a non-GAAP financial measure. The tables above provide a reconciliation of adjusted EBITDA for each segment to net income attributable to H.B. Fuller for each segment, the most directly comparable financial measure determined and reported in accordance with U.S. GAAP. H.B. FULLER COMPANY AND SUBSIDIARIES SEGMENT FINANCIAL INFORMATION NET REVENUE GROWTH (unaudited) 13 Weeks Ended December 1, 2018 AmericasAdhesives EIMEA Asia Pacific ConstructionAdhesives EngineeringAdhesives Total HBF Price 5.0% 4.3% 2.4% 0.2% 2.1% 3.5% Volume (4.0%) (1.5%) (3.1%) (1.0%) 15.8% (0.1%) Mix 2.4% 0.3% (1.1%) (2.5%) (1.1%) 0.4% Acquisition 11.8% 12.1% 1.1% 35.9% 19.8% 14.7% Constant Currency Growth 7 15.2% 15.2% (0.7%) 32.6% 36.6% 18.5% F/X (5.8%) (7.9%) (4.0%) (1.0%) (4.0%) (5.2%) 9.4% 7.3% (4.7%) 31.6% 32.6% 13.3% Organic Revenue Growth 7 3.4% 3.1% (1.8%) (3.3%) 16.8% 3.8% 52 Weeks Ended December 1, 2018 AmericasAdhesives EIMEA Asia Pacific ConstructionAdhesives EngineeringAdhesives Total HBF Price 3.8% 4.4% 1.4% 0.0% 4.8% 3.4% Volume (3.4%) (0.9%) 0.9% (0.2%) 9.2% (0.3%) Mix 1.4% 0.4% (0.5%) (1.0%) 0.7% 0.6% Acquisition 22.1% 24.3% 1.5% 72.4% 39.9% 28.3% Constant Currency Growth 7 23.9% 28.2% 3.3% 71.2% 54.6% 32.0% F/X (2.7%) 1.7% 1.8% 0.2% 2.5% (0.1%) 21.2% 29.9% 5.1% 71.4% 57.1% 31.9% Organic Revenue Growth 7 1.8% 3.9% 1.8% (1.2%) 14.7% 3.7% 7 Constant currency revenue growth is a non-GAAP financial measure defined as changes in revenue due to price, volume, mix and acquisitions and excludes revenue changes driven by foreign currency translation. Organic revenue growth is a non-GAAP financial measure defined as constant currency revenue growth less growth from acquisitions. 1 Proforma results were provided to reflect the historical combination of H.B. Fuller and Royal as of the comparable prior periods before the acquisition was completed in October of 2017. The proforma results and reconciliations to GAAP outcomes were filed on a Form 8-K dated March 28, 2018. View original content to download multimedia:http://www.prnewswire.com/news-releases/hb-fuller-reports-fourth-quarter-and-fiscal-year-2018-results-300779662.html SOURCE H.B. Fuller Company
United Site Services Names New CEO and CFO
WESTBOROUGH, Mass.--(BUSINESS WIRE)-- United Site Services (USS), the nation's leader in portable sanitation and temporary fence rental services, announced this week the appointmen
Kraft Heinz to Showcase Two Super Bowl Ads for First Time in Company History
PITTSBURGH & CHICAGO--(BUSINESS WIRE)-- The Kraft Heinz Company (NASDAQ: KHC) (“Kraft Heinz”) today announced that for the first time in company history, it will air two ads during
Sony Has Announced the a6400, its Next-generation Mirrorless Camera with Real-time Eye Autofocus, Real-time Tracking, and World's Fastest Autofocus; More Info at B&H
NEW YORK--(BUSINESS WIRE)-- B&H is pleased to share Sony’s announcement of the new a6400 mirrorless camera. The Sony a6400 brings many of Sony's most advanced technologies from the
Celebrate National Popcorn Day with Popcornopolis
Jan. 16, 2019 22:00 UTC Win one year’s worth of Popcornopolis and indulge in special #NationalPopcornDay savings through January 31 LOS ANGELES--(BUSINESS WIRE)-- Snack lovers, rejoice! The experts in tasty treats and all things delicious, Popcornopolis, invites patrons to tempt their taste buds during National Popcorn Day on January 19 and beyond. To celebrate a day dedicated to popcorn, the gourmet snack and gift gurus are offering special deals all month long including a social media promotion where one lucky popcorn lover could win one year’s worth of Popcornopolis. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190116005688/en/ Celebrate National Popcorn Day with Popcornopolis (Photo: Business Wire) “Popcornopolis is so much more than a gourmet popcorn company. It’s old fashioned wisdom, a reminder of simpler times, a walk down memory lane,” stated Kathy Arnold, Co-Founder and head crunchologist of Popcornopolis. “We hope everyone indulges in our high-quality, mouthwatering snacks and takes a moment to celebrate National Popcorn Day with Popcornopolis.” National Popcorn Day revelers who visit the Del Amo Mall and Universal City Walk locations on January 19 will receive (1) free cone of your choice + (1) free Nearly Naked cone with the purchase of (3) regular cones. Online shoppers can participate too – get (2) FREE jumbo cones after a purchase of (4) jumbo cones at popcornopolis.com. Want to celebrate National Popcorn Day all year long? Visit http://popcornopolis.com/popcorn-day-sweepstakes for a chance to win a year’s worth of popcorn! For more information on Popcornopolis’ special offers per location, visit your local store listings. “Made the way it oughta be,” Popcornopolis offers over 30 mouthwatering recipes and is made from American-grown, non-GMO corn. Crafted with big flavor, the company’s gourmet popcorn recipes are also certified gluten-free with no high fructose corn syrup or added preservatives, and use only the finest ingredients and cooking practices. For more information, a full list of Popcornopolis varieties, and to place your orders for National Popcorn Day, visit www.popcornopolis.com. Facebook: @PopcornopolisInstagram: @PopcornopolisTwitter: @Popcornopolis ABOUT POPCORNOPOLIS Popcornopolis was founded by Wally and Kathy Arnold. In 2003, the Arnold’s opened their first Popcornopolis retail store at Universal City Walk in Los Angeles, California. Today, the family-owned company’s iconic cone-shaped and bagged popcorn packages can be found in grocery and club stores, professional sports stadiums, movie theatres and at www.popcornopolis.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20190116005688/en/ Contacts Tori Elder, Victori Solutionsvictoria@victorisolutions.com, 949-239-9220Brittany Alfonzo, Popcornopolispr@popcornopolis.com, 310-414-6700 Source: Popcornopolis Smart Multimedia Gallery Photo Celebrate National Popcorn Day with Popcornopolis (Photo: Business Wire) Logo View this news release and multimedia online at: http://www.businesswire.com/news/home/20190116005688/en
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5 Common Types of Financial Swaps
A swap is an act of exchanging one thing for another. In finance, swaps are derivatives wherein two counterparties exchange financial instruments. The swaps can involve an exchange of a series of cash flows of one party’s financial instrument for those of the other party’s financial instrument over a specific period of time. Swaps are mutual agreements that are easy to design and customize over the counter. They offer great flexibility that leads to many swap variations with each serving a given purpose.
5 Key Benefits of a Robo-Adviser
Robo-adviser is an automated online wealth management service or a class of digital online financial institutions that offer financial advice or investment management tips online with minimal human intervention. The algorithms are executed by software to allocate, manage and optimize clients’ assets. Being online, however, does not make it less effective and ideal financial institution as it has almost all the aspects of the physical human involvement.
6 Key Factors to Consider Before Making a Private Equity Investment
Private equity refers to investments funds structured as limited partnerships that are not listed on a public exchange and its investors include large institutional investors, wealthy individuals, and university endowments.
8 Best Stock Investment Apps for Beginners
Investing is a daunting task and sometimes could be confusing especially for a beginner. In the past, an investment process began by making a call to a brokerage firm to obtain an advisor who would advise the investor throughout the process. However, the technological advancement has made it easier for beginners who want to start trading. Now, they can just download an app on their PC or Smartphone and use it to trade securities. Different apps offer automation, low cost and high-security measures to make investing easy and exciting for all. Here are 8 best investment apps to download and use to invest in stocks: 1. Stash Stash lets the investor trade with as little as $5. It recommends a collection of investments based on the investor profile details as well as such factors as managed risk, low fees, and historical performance. It also has tips and articles to help the user scale up their investment know how each time they access the account. 2. SigFig SigFig is yet another interesting investment app. It has investment tools that can track, manage and maximize the investor’s portfolio. It also allows users to manage their entire investment through the app. Users can receive latest market news and statistics on relevant companies. 3. Yahoo Finance Yahoo Finance app allows users to synchronize portfolio and quotes across different devices track commodities, stocks, currencies and more. It has an easy to navigate user interface and the users can easily conduct a quick stock check and allow push notifications to get instant updates which help them make informed investment decisions. 4. Acorns Acorns is yet another investing app for first-time investors. It allows investors to invest their balances where it rounds up investors’ regular purchases on credit and debit transactions linked to it every day. App instantly trades with the remaining balance into a diversified portfolio of index funds chosen by Harry Markowitz. It is an easy, quick and automatic way to invest. It charges a percentage of the user account balance as a monthly service fee and thus the user should avoid leaving a lump sum amount in the account over a long period of time. 5. Stock Market Simulator This app gives the investor the ability to attempt trading before they make an actual trade. Users can play with a simulated model of the real market by investing virtual funds before they can start the real trading process. It is a good way to get a dummy account that lets an investor learn how stock market work without using actual money. 6. TD Ameritrade This app is by TD Ameritrade which is one of the largest brokerage firms in the US. It focuses on the essentials of investing such as streaming quotes, real-time balances, mobile access to trading, fund transfers, and getting latest news and market research reports. It has a Snapstock feature which allows users to snap a barcode or a picture on any item to get the company name ticker symbol and stock quote as well as related news and visuals. 7. Stockpile This app allows the user to trade but also to gift single shares of stock or rather purchase fractional shares with as low as 99 cent trade fee. This allows the investor to buy fractional shares of high-valued stocks such as Google, Amazon and Berkshire Hathaway without spending $1000 or more per share. It is also a great app for kids’ teens and family because it allows the investor to buy and gift shares of stock. 8. Robinhood Robinhood app allows an investor to trade US-listed and OTC securities such as in stocks, options and ETFs for free. Robinhood account gives an investor an access to instant deposits. Key Takeaway Investment apps have helped automate the investing process and first-time investors can obtain massive benefits from using them.
MineHub Technologies Collaborates with IBM to Introduce Global Mining and Metals Supply Chain Solution using Blockchain Technology
VANCOUVER, British Columbia and ARMONK, N.Y., Jan. 16, 2019 /PRNewswire/ -- MineHub Technologies, Inc. ("MineHub") and IBM (NYSE: IBM) today announced a collaboration to use blockchain technology to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain -- from mine to end buyer.
Ford Motor Company, Huayou Cobalt, IBM, LG Chem and RCS Global Launch Blockchain Pilot to Address Concerns in Strategic Mineral Supply Chains
ARMONK, N.Y., Jan. 16, 2019 /PRNewswire/ -- Committed to supporting human rights and environmental protection while helping infuse more transparency into global mineral supply chains, Ford Motor Company, Huayou Cobalt, IBM (NYSE: IBM), LG Chem and RCS Global announced plans to use blockchain technology to trace and validate ethically sourced minerals.
One Network Recognized as a Leader in IDC MarketScape for Multi-Enterprise Supply Chain Commerce Network
DALLAS, Jan. 15, 2019 /PRNewswire/ -- One Network Enterprises, the global provider of multiparty digital network platform and services, today announced that it has been named a leader in the IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Network 2018 Vendor Assessment (Doc #US44514117, January 2019). According to the report, One Network should be considered, "when organizations are looking for a platform vendor that offers a supply chain network with multiparty transactional processing and collaboration, along with AI and machine learning SCM applications." The report excerpt is available here.
True Flip Reveals Crypto-Themed Mining Factory With Plasmatron Bonus
WILLEMSTAD, CuraÃ§ao, January 16, 2019 /PRNewswire/ -- Mining Factory is a high end video slot with unique features and smooth gameplay. Meet Henry the Stingray, an old hand adapting hardly to the digital world. Henry would be happy to let things stay the same, but new times demand new rules. Gripped by the bitcoin rush, Henry turned one of his many factories into a mining farm. An adorable robot, Chain, tries to help fill Plasmatron for extra mining power. (Photo: https://mma.prnewswire.com/media/808848/True_Flip.jpg ) Mining Factory is a highly volatile, 3x5 video slot with 27 paylines, Expanding Wilds, Free Spins and an accumulative Plasmatron Bonus. RTP is 96.1%, the Max win is 16,200x coin value. Featuring state of the art visuals, Mining Factory has a responsive design based on HTML5 and handles comfortably across a wide range of devices. "With its captivating gameplay and special features, Mining Factory is a great addition to our successful launches throughout 2018. We're happy to announce this important product, which was completely built and designed by our in-house team." - True Flip CMO, Konstantin Katsev. Type: Slot Machine Max win: 16,200x RTP: 96.1% Volatility: High Responsive design: Yes Mobile: HTML5 Languages: 10+ About True Flip True Flip is an iGaming provider which has released multiple games, with more in development. The games combine unique storylines with authentic visuals, and offer varied gameplay and risk levels. The products are designed for easy business-to-business integrations and follow on service. LinkedIn: https://www.linkedin.com/company/true-flip/ Facebook: https://www.facebook.com/TrueFlip.io/ Twitter: https://twitter.com/TrueFlipLoto True Flip is the source of this content. This press release is for informational purposes only. Blockchain Games N.V., CuraÃ§ao, reg. 145550 Sales: email@example.com Media Contact: Vasily Polynov firstname.lastname@example.org +7-926-5504247
Anges Québec celebrates its 10th anniversary by launching Angels On Tour which will visit 10 regions across the province of Québec
Anthony Ritossa's World's Largest and Most Influential Gathering of Family Wealth at the Invitation-Only 8th Global Family Office Investment Summit to be Hosted in Dubai March 2-4, 2019
Salesforce Research Reveals AI, Mobile & Social Drove Digital Transformation This Holiday Shopping Season