Help by sharing this information Receive email alerts IraqMiddle East – North Africa News News Reporters Without Borders is very concerned about a new culture ministry bill that aims to ban certain websites as its scope is too vague and it needs to be more clearly defined. The bill is due to be examined by parliament shortly.“We are very worried about the abuses that will be possible under this bill as a result of vague and imprecise wording,” Reporters Without Borders said. “It is legitimate to want to regulate the Internet sector but it would be unacceptable if this proposed law were to restrict freedom of information.”The government wants to step up control of website content and Internet cafés. “All websites that glorify terrorism and incite violence and sectarianism, or those that violate social morals with content such as pornography will be banned,” communications ministry spokesman Sameer Al-Hasoon was quoted as saying. Three jailed reporters charged with “undermining national security” The Iraqi Journalistic Freedom Observatory said the bill would open the door to tighter control of political debate and issues that are regarded as sensitive by the government.The proposed law has been fiercely criticised, especially by free speech groups which see it as a first step towards political censorship and a threat to the democratic process in Iraq. Prime Minister Nouri Al Maliki has also voiced concern that it violates articles 38 and 40 of the 2005 constitution. Internet café owners say the proposed controls could slow down the Internet and jeopardise online searches and chat forums.Meanwhile, there has been an increase in attacks on Internet cafés in recent months. Around 10 people were wounded in the bombing of an Internet café in the southwest Baghdad district of Saha on 16 July that was claimed a religious extremist group.Iraq has benefitted from favourable free speech legislation since Saddam Hussein’s overthrow in 2003. Several dozen Internet Service Providers have been established and hundreds of Internet cafés have been opened throughout the country. All this could be threatened by the new bill. December 28, 2020 Find out more IraqMiddle East – North Africa RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” December 16, 2020 Find out more to go further News Follow the news on Iraq RSF_en Organisation Iraq : Wave of arrests of journalists covering protests in Iraqi Kurdistan News August 10, 2009 – Updated on January 20, 2016 Governement bill seen as opening way to online censorship February 15, 2021 Find out more
faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Top of the News Community News Your email address will not be published. Required fields are marked * Make a comment Sermons and Lessons Audio: “When The Lights Go Out” Delivered by PASTOR LUCIOUS W. SMITH, SENIOR PASTOR FRIENDSHIP PASADENA Published on Tuesday, October 4, 2016 | 2:50 pm Name (required) Mail (required) (not be published) Website Subscribe First Heatwave Expected Next Week EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff HerbeautyTiger Woods Is ‘Different Man’ 10 Years After ScandalHerbeautyHerbeautyHerbeauty12 Most Breathtaking Trends In Fashion HistoryHerbeautyHerbeautyHerbeautyWomen Love These Great Tips To Making Your Teeth Look WhiterHerbeautyHerbeautyHerbeautyRemove Belly Fat Without Going Under The KnifeHerbeautyHerbeautyHerbeautyAt 9 Years Old, This Young Girl Dazzled The World Of FashionHerbeautyHerbeautyHerbeautyYou’ll Want To Get Married Twice Or Even More Just To Put Them OnHerbeautyHerbeauty 29 recommended0 commentsShareShareTweetSharePin it Community News This sermon was delivered by Pastor Lucious W. Smith, Senior Pastor, Friendship Pasadena on Sunday, September 25, 2016. Pastor Smith has pastored the Friendship Baptist Church since 1996. “The Jewel of Old Pasadena” stands as a glowing reminder of the African American presence in this part of the city. While remaining true to the church’s historical roots, Pastor Smith has sought to keep the ministries of the church relevant with contemporary application of the Gospel message. Having been raised in Friendship since birth, the relationship he has with the church is very personal. His love for his work is only surpassed by his love for the people whom he shepherds. Pastor Smith is committed to a biblical expository ministry and delivers his sermons whereas even a little child can comprehend.He is the Past President of the Interdenominational Ministerial Alliance of Greater Pasadena (IMA). He desired to create an atmosphere of unity and fellowship among Christian Clergy, resulting in a unified presence in the cities in which they serve. He believes that there are no “Big I’s” or “Little You’s”, and that every ministry ordained by God has value, whatever the size. He believes that “There are no small churches. Everything God creates is intended to thrive and grow.” He is also a member of the Ecumenical Council of Pasadena area Churches (ECPAC), an association of churches which strives to minister to the less fortunate and the underserved. Friends In Deed, The Bad Weather Shelter and other civic minded efforts provide emergency services to those who qualify. Additionally, Pastor Smith serves as Vice President of The Clergy Community Coalition, a non-profit organization which seeks to address the issue of affordable housing in the Pasadena area, where solutions to the economic, educational and social barriers that make affordable housing so difficult are developed and implemented through public forums and clergy participation.Pastor Lucious has been married to his wife, Genine, for 25 years. They have a daughter, Camille, and son, Jordan, and believe that a strong sense of family responsibility is essential. “God created the family before He created the Church” is something Pastor Smith constantly affirms. “Caring for your family should not supersede your love of the Lord. It does, however, demonstrate it.”Friendship Pasadena, 80 W. Dayton St., Pasadena, (626) 793-1062 or visit pfbchurch.net.
Silgan Announces Record 2020 Earnings and Cash Generation; Anticipates Significant Earnings Growth and Strong…
2019 SILGAN HOLDINGS INC. 105.7 $ December 31, Table C 988.8 (d) For the quarter and year ended December 31, — 0.11 (Dollars in millions, except per share amounts) 1,048.3 89.5 2020 $ Net cash used in investing activities 4,931.1 Facebook $ 7.8 $ $ SILGAN HOLDINGS INC. 4,921.9 105.0 203.8 Cost of goods sold 26.8 6,519.5 1.5 224.4 Diluted 199.9 Purchase accounting write-up of inventory $ 20.9 Selling, general and administrative expenses 409.5 Net income $ 1.7 0.02 — $5.41 4,931.1 $0.75 — For the quarter and year ended, ) $ 1,163.5 — 2019 Stockholders’ equity December 31, Income before interest and income taxes (1) The Company has presented adjusted net income per diluted share for the periods covered by this press release, which measure is a Non-GAAP financial measure. The Company’s management believes it is useful to exclude rationalization charges, costs attributed to announced acquisitions, the impact from the charge for the write-up of acquired inventory required under purchase accounting and the loss on early extinguishment of debt from its net income per diluted share as calculated under U.S. generally accepted accounting principles because such Non-GAAP financial measure allows for a more appropriate evaluation of its operating results. While rationalization costs are incurred on a regular basis, management views these costs more as an investment to generate savings rather than period costs. Costs attributed to announced acquisitions consist of third party fees and expenses that are viewed by management as part of the acquisition and not indicative of the on-going cost structure of the Company. The write-up of acquired inventory required under purchase accounting is also viewed by management as a part of the acquisition and is a non-cash charge that is not considered to be indicative of the on-going performance of the acquired operations. The loss on early extinguishment of debt consists of third party fees and expenses incurred or debt costs written-off that are viewed by management as part of the cost of prepayment of debt and not indicative of the on-going cost structure of the Company. Such Non-GAAP financial measure is not in accordance with U.S. generally accepted accounting principles and should not be considered in isolation but should be read in conjunction with the unaudited condensed consolidated statements of income and the other information presented herein. Additionally, such Non-GAAP financial measure should not be considered a substitute for net income per diluted share as calculated under U.S. generally accepted accounting principles and may not be comparable to similarly titled measures of other companies. (2) The Company has presented free cash flow in this press release, which is a Non-GAAP financial measure. The Company’s management believes that free cash flow is important to support its stated business strategy of investing in internal growth and acquisitions. Free cash flow is defined as net cash provided by operating activities adjusted for changes in outstanding checks and reduced by capital expenditures. At times, there may be other unusual cash items that will be excluded from free cash flow. Net cash provided by operating activities is the most comparable financial measure under U.S. generally accepted accounting principles to free cash flow, and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures. Such Non-GAAP financial measure is not in accordance with U.S. generally accepted accounting principles and should not be considered in isolation but should be read in conjunction with the unaudited condensed consolidated statements of cash flows and the other information presented herein. Additionally, such Non-GAAP financial measure should not be considered a substitute for net cash provided by operating activities as calculated under U.S. generally accepted accounting principles and may not be comparable to similarly titled measures of other companies. View source version on businesswire.com:https://www.businesswire.com/news/home/20210126006119/en/ CONTACT: Robert B. Lewis (203) 406-3160 KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT INDUSTRY KEYWORD: OTHER MANUFACTURING FINANCE STEEL PACKAGING BANKING CHEMICALS/PLASTICS PROFESSIONAL SERVICES MANUFACTURING SOURCE: Silgan Holdings Inc. Copyright Business Wire 2021. PUB: 01/26/2021 05:41 PM/DISC: 01/26/2021 05:40 PM http://www.businesswire.com/news/home/20210126006119/en Adjustments: Includes rationalization charges of $3.5 million and $0.6 million for the fourth quarters of 2020 and 2019, respectively, and $5.7 million and $6.5 million for the years ended December 31, 2020 and 2019, respectively. Also includes a charge of $3.5 million for the year ended December 31, 2020 for the write-up of inventory for purchase accounting as a result of acquisitions completed in 2020. — $ 25.9 23.4 103.8 2021 Pinterest 1,570.3 Consolidated (940.9 (230.9) Interest and other debt expense (20.9 (Dollars in millions) 16.0 107.4 SILGAN HOLDINGS INC. CONSOLIDATED SUPPLEMENTAL FINANCIAL DATA (UNAUDITED) $ 407.1 252.1 1.74 Loss on early extinguishment of debt 1.9 For the quarter and year ended December 31, ) First Quarter, $ — 4,489.9 ) 2,244.4 $ $3.41 110,939 156.6 (4.7) 0.8 34.8 Other assets, net 121.0 Other liabilities $602.5 Net income per diluted share as reported 209.9 $3.06 1.5 0.01 $ ) 512.4 Net cash provided by operating activities 1,226.6 2019 (50.8 48.0 0.12 851.8 26.8 105.0 568.3 4,489.9 0.44 SILGAN HOLDINGS INC. (UNAUDITED) 110,391 110,801 STAMFORD, Ct.–(BUSINESS WIRE)–Jan 26, 2021– Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging solutions for consumer goods products, today reported full year 2020 net income of $308.7 million, or $2.77 per diluted share, as compared to full year 2019 net income of $193.8 million, or $1.74 per diluted share. Adjusted net income per diluted share was a record $3.06 for the full year of 2020, after adjustments increasing net income per diluted share by $0.29. Adjusted net income per diluted share was $2.16 for the full year of 2019, after adjustments increasing net income per diluted share by $0.42. A reconciliation of net income per diluted share to “adjusted net income per diluted share,” a Non-GAAP financial measure used by the Company that adjusts net income per diluted share for certain items, can be found in Tables A and B at the back of this press release. “While 2020 presented us all with so many challenges, it also provided the Company with the opportunity to showcase the essential nature of our products, the strength and commitment of our team and the power of our performance-based culture, as the Company delivered record adjusted net income per diluted share of $3.06, a 41.7 percent increase over prior year adjusted earnings, and record free cash flow of $383.5 million,” said Tony Allott, Chairman and CEO. “Strong demand for our shelf-stable metal food packaging and our health and hygiene products sustained throughout the year, leading us to expect continued strong volumes in 2021. Therefore, we estimate adjusted net income per diluted share for 2021 for the Company to be in a range of $3.30 to $3.45, a 10.3 percent improvement over the record prior year period at the midpoint of this range. We also expect to continue to generate significant free cash flow of approximately $380 million in 2021, making acquisitions or other value creating uses of our cash an additional near-term opportunity,” concluded Mr. Allott. The Company reported net cash provided by operating activities of $602.5 million in 2020 as compared to $507.3 million in 2019. Free cash flow increased $111.8 million to $383.5 million in 2020 as compared to $271.7 million in 2019 due primarily to higher net income, cash receipts generated from strong sales and certain deferred tax payments. The Company is providing a reconciliation in Table C of this press release of net cash provided by operating activities to “free cash flow,” a Non-GAAP financial measure used by the Company which adjusts net cash provided by operating activities for certain items. Net sales for the full year of 2020 were $4.92 billion, an increase of $432.0 million, or 9.6 percent, as compared to $4.49 billion in 2019. This increase was the result of higher net sales in all of the businesses. Income before interest and income taxes for 2020 was $512.4 million, an increase of 42.5 percent or $152.9 million as compared to $359.5 million for 2019, and margins increased to 10.4 percent from 8.0 percent over the same periods. The increase in income before interest and income taxes was primarily the result of higher segment income in each of the businesses and lower rationalization charges in 2020, partially offset by higher corporate expenses primarily as a result of higher acquisition related costs and the plant employee Silgan Strong incentive payments made in the first quarter of 2020 as well as the $3.5 million charge for the purchase accounting write-up of inventory as a result of acquisitions completed in 2020. Rationalization charges were $16.0 million and $56.3 million in 2020 and 2019, respectively. Costs attributed to announced acquisitions were $19.3 million and $1.8 million for 2020 and 2019, respectively. Interest and other debt expense before loss on early extinguishment of debt for 2020 was $103.8 million, a decrease of $1.9 million as compared to 2019. This decrease was primarily due to lower weighted average interest rates, partially offset by higher average outstanding borrowings primarily related to the acquisition of the dispensing operations of Albéa and additional revolving loan borrowings outstanding during the first half of 2020 principally to hold cash and cash equivalents to ensure liquidity against potential credit market disruptions as a result of the COVID-19 pandemic. Weighted average interest rates were lower during 2020 due to lower variable market rates and the redemption of all outstanding 5½% Senior Notes due 2022 in the third quarter of 2019. In the first quarter of 2020, the Company recognized a loss on early extinguishment of debt of $1.5 million in conjunction with the prepayment of term loans under the senior secured credit facility. Loss on early extinguishment of debt of $1.7 million in 2019 was the result of the redemption of all outstanding 5½% Senior Notes in August 2019. The effective tax rates for 2020 and 2019 were 24.2 percent and 23.1 percent, respectively. The effective tax rate in 2019 was favorably impacted by the resolution of a prior year tax audit and the timing of certain tax deductions. Metal Containers Net sales of the metal container business were $2.56 billion in 2020, an increase of $84.8 million, or 3.4 percent, as compared to $2.47 billion in 2019. This increase was primarily the result of higher unit volumes of approximately 14 percent and favorable foreign currency translation, partially offset by the pass through of lower raw material costs, a continued shift towards smaller metal packages sold and the impact from the renewal of certain significant customer contracts at the end of 2019. Record unit volumes in 2020 resulted primarily from the higher demand in at-home food consumption. Segment income of the metal container business in 2020 was $246.6 million, an increase of $86.6 million as compared to $160.0 million in 2019, and segment income margin increased to 9.6 percent from 6.5 percent in the prior year. The increase in segment income was primarily attributable to higher unit volumes, $39.5 million of lower rationalization charges, strong operating performance and higher pension income. These increases were partially offset by the impact from a continued shift towards smaller metal packages sold and the renewal of certain significant customer contracts at the end of 2019. Rationalization charges were $9.9 million and $49.4 million in 2020 and 2019, respectively. Rationalization charges in 2019 were incurred primarily in connection with the shutdown of two manufacturing facilities and the resulting withdrawal from the Central States Pension Plan. Closures Net sales of the closures business were $1.71 billion in 2020, an increase of $306.8 million, or 21.8 percent, as compared to $1.41 billion in 2019. This increase was primarily the result of higher unit volumes of approximately 8 percent and a more favorable mix of products sold due primarily to strong unit volume growth in dispensing closures, partially offset by the pass through of lower raw material costs and unfavorable foreign currency translation. The increase in unit volumes was principally the result of the inclusion of the dispensing operations of Albéa and Cobra Plastics which were acquired in 2020 and strength in volumes for consumer health, hygiene, personal care and food and beverage products. These volume gains were partially offset by weaker demand for certain beauty and fragrance products. Segment income of the closures business for 2020 increased $50.9 million to $224.4 million as compared to $173.5 million in 2019, and segment income margin increased to 13.1 percent from 12.3 percent in 2019. The increase in segment income was primarily due to higher unit volumes including from acquisitions completed in 2020, a more favorable mix of products sold, strong operating performance and higher pension income, partially offset by the negative impact of a $3.5 million charge for the purchase accounting write-up of inventory as a result of acquisitions completed in 2020. Plastic Containers Net sales of the plastic container business were $651.5 million in 2020, an increase of $40.4 million, or 6.6 percent, as compared to $611.1 million in 2019. This increase was principally due to higher volumes of approximately 11 percent, partially offset by the pass through of lower raw material costs, a less favorable mix of products sold and unfavorable foreign currency translation. The increase in volumes was due primarily to higher demand for food and consumer health and hygiene products and continued new business awards. Segment income of the plastic container business in 2020 was $87.8 million, an increase of $38.9 million as compared to $48.9 million in 2019, and segment income margin increased to 13.5 percent from 8.0 percent over the same periods. The increase in segment income was primarily attributable to higher volumes, strong operating performance and lower manufacturing costs and higher pension income, partially offset by the unfavorable impact of a charge of $3.2 million for a non-commercial legal dispute relating to prior periods and the unfavorable impact from the lagged pass through to customers of higher resin costs. Fourth Quarter The Company reported net income for the fourth quarter of 2020 of $60.1 million, or $0.54 per diluted share, as compared to net income for the fourth quarter of 2019 of $34.8 million, or $0.31 per diluted share. Adjusted net income per diluted share for the fourth quarter of 2020 was $0.60, after adjustments increasing net income per diluted share by $0.06. Adjusted net income per diluted share for the fourth quarter of 2019 was $0.38, after adjustments increasing net income per diluted share by $0.07. Net sales for the fourth quarter of 2020 increased $178.3 million, or 17.0 percent, to $1.23 billion as compared to $1.05 billion for the fourth quarter of 2019. This increase was primarily a result of higher volumes in each of the businesses, a more favorable mix of products sold in the closures business and favorable foreign currency translation. These increases were partially offset by the pass through of lower raw material costs and a continued shift towards smaller metal packages sold in the metal container business. The increase in volumes was due primarily to the inclusion of the acquired dispensing operations of Albéa and Cobra Plastics and continued high demand for food, consumer health, hygiene and personal care products. Income before interest and income taxes for the fourth quarter of 2020 was $105.0 million, an increase of $33.6 million as compared to $71.4 million for the fourth quarter of 2019, and margin increased to 8.6 percent from 6.8 percent over the same periods. The increase in income before interest and income taxes was primarily due to higher volumes and strong operating performances in each of the businesses, higher pension income, a more favorable mix of products sold in the closures and plastic container businesses and higher costs in 2019 attributed to announced acquisitions, partially offset by a continued shift towards smaller metal packages sold in the metal container business, the impact from the renewal of certain significant customer contracts at the end of 2019, the unfavorable impact from the lagged pass through to customers of higher resin costs in the plastic container and closures businesses and higher rationalization charges in 2020. Rationalization charges were $8.8 million and $7.8 million in 2020 and 2019, respectively, and costs attributable to announced acquisitions were $0.3 million and $1.8 million in 2020 and 2019, respectively. Interest and other debt expense for the fourth quarter of 2020 was $26.8 million, an increase of $3.4 million as compared to the fourth quarter of 2019. This increase was primarily a result of higher average outstanding borrowings largely due to borrowings related to the acquisition of the dispensing operations of Albéa, partially offset by lower weighted average interest rates. The effective tax rate for the fourth quarter of 2020 was 23.2 percent as compared to 27.5 percent for the fourth quarter of 2019. The effective tax rate in 2019 was unfavorably impacted by an increase in income in certain higher tax jurisdictions. Outlook for 2021 The Company currently estimates that its adjusted net income per diluted share for the full year of 2021 will be in the range of $3.30 to $3.45, a 10.3 percent increase at the midpoint of the range over record adjusted net income per diluted share for the full year of 2020 of $3.06. Adjusted net income per diluted share excludes rationalization charges, costs attributable to announced acquisitions, the unfavorable impact from the purchase accounting write-up of inventory and loss on early extinguishment of debt. Segment income in the metal container business is expected to modestly improve in 2021 as compared to 2020 as a result of anticipated continued strong demand levels and strong operating performance. Segment income in the closures business in 2021 is expected to increase significantly over the prior year primarily due to the inclusion of a full year from the dispensing operations of Albéa acquired in June 2020, as well as the anticipated partial recovery in the second half of the year in the beauty and fragrance markets. Segment income in the plastic container business is expected to benefit from anticipated higher volumes driven by new business awards and continued manufacturing efficiencies. The Company expects higher interest expense in 2021 primarily due to higher average outstanding borrowings, partially offset by lower weighted average interest rates. The Company expects its effective tax rate for 2021 to be approximately 25 percent, as compared to the effective tax rate for 2020 of 24.2 percent. The Company currently estimates that free cash flow in 2021 will remain at or near record levels and be approximately $380 million. For the first quarter of 2021, the Company is providing an estimate of adjusted net income per diluted share in the range of $0.65 to $0.75, as compared to $0.57 in the first quarter of 2020, with each business anticipating modest volume growth over record levels in 2020, partially offset by the unfavorable impact from the lagged pass through of recently announced resin cost increases. The midpoint of such range represents a 22.8 percent increase over adjusted net income per diluted share in the first quarter of 2020. Adjusted net income per diluted share excludes rationalization charges, costs attributable to announced acquisitions and loss on early extinguishment of debt. Estimates for 2021 assume that the Company, its customers and its suppliers are able to continue running plants during the ongoing COVID-19 pandemic and that there are no legislative changes to income tax rates. Conference Call Silgan Holdings Inc. will hold a conference call to discuss the Company’s results for the fourth quarter and full year 2020 at 11:00 a.m. eastern time on January 27, 2021. The toll free number for those in the U.S. and Canada is (888) 204-4368, and the number for international callers is (313) 209-4906. For those unable to listen to the live call, a taped rebroadcast will be available through February 10, 2021. To access the rebroadcast, U.S. and Canadian callers should dial (888) 203-1112, and international callers should dial (719) 457-0820. The pass code for the rebroadcast is 8052551. * * * Silgan is a leading supplier of sustainable rigid packaging solutions for consumer goods products with annual net sales of approximately $4.9 billion in 2020. Silgan operates 110 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading supplier of metal containers in North America and Europe for food and general line products. The Company is also a leading worldwide supplier of dispensing systems and metal and plastic closures for food, beverage, health care, garden, home, personal care and beauty products. In addition, the Company is a leading supplier of plastic containers for shelf-stable food and personal care products in North America. Statements included in this press release which are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934, as amended. Such forward looking statements are made based upon management’s expectations and beliefs concerning future events impacting the Company and therefore involve a number of uncertainties and risks, including, but not limited to, those described in the Company’s Annual Report on Form 10-K for 2019 and other filings with the Securities and Exchange Commission. Therefore, the actual results of operations or financial condition of the Company could differ materially from those expressed or implied in such forward looking statements. * * * 867.4 Fourth Quarter 2021 0.01 111,393 SILGAN HOLDINGS INC. $1.74 18.1 3,776.2 $507.3 $0.38 Year Ended — (8.1 Corporate (d) $0.63 Cash dividends per common share Rationalization charges $ 595.6 2020 6,519.5 $ Adjustments: 56.3 $0.57 2020 $2.77 Trade accounts receivable, net 95.7 Net increase 512.4 2019 March 31, Plastic containers (c) Facebook 13.2 $4.55 Twitter 0.15 — 0.01 — 1,023.3 Net income $0.54 Costs attributed to announced acquisitions Year Ended $0.73 Income taxes paid, net of refunds Earnings per share: 619.5 131.0 Basic net income per share 160.0 Closures (b) 56.4 4,054.5 ) 41.6 — 713.7 Includes rationalization charges of $0.1 million for the fourth quarter of 2020 and $0.4 million for each of the years ended December 31, 2020 and 2019. Includes rationalization charges of $5.2 million and $7.2 million for the fourth quarters of 2020 and 2019, respectively, and $9.9 million and $49.4 million for the years ended December 31, 2020 and 2019, respectively. 3,251.3 Low $0.60 ) 332.6 ) (46.4 $ 611.1 2019 Consolidated Shares repurchased under authorized repurchase program 891.7 — Net sales Adjusted net income per diluted share as estimated for 2021 and presented for 2020 60.1 WhatsApp WhatsApp Silgan Announces Record 2020 Earnings and Cash Generation; Anticipates Significant Earnings Growth and Strong Cash Generation In 2021 Deferred income tax provision (benefit) 602.5 $ 2020 Previous articleFidelity lance des allocations de portefeuille en ETF sur la NEO BourseNext articleSchulte Roth & Zabel Presents Its 30th Annual Private Investment Funds Seminar Digital AIM Web Support $2.44 (5.2 (UNAUDITED) 1,226.6 High 203.8 2020 Current liabilities, excluding debt Changes in outstanding checks – principally vendors $ 315.7 Adjusted net income per diluted share 0.01 Trade accounts receivable, net 65.0 (Dollars in millions) (230.1 Net borrowings and other financing activities $ 58.3 409.5 Total assets 0.04 47.8 — Basic 32.9 $ $ ) 844.2 $0.65 161.3 $ $ Low Balance at end of year (UNAUDITED) 87.8 $ 2020 $ $3.06 ) Rationalization charges 246.6 0.11 110,768 (b) ) (4.7 111,417 — 48.9 0.04 507.3 ) For the year ended December 31, $3.30 — ) ) Segment income: 651.5 0.06 205.7 Net cash provided by operating activities per diluted share Adjustments to reconcile net income to net cash provided by operating activities: CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 2.77 Other current assets Year Ended 81.9 — 1,840.8 CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) $3.26 Stock compensation expense — 105.3 173.5 1,405.6 $ 633.0 Other changes that provided (used) cash, net of effects from acquisitions: $ ) (Dollars in millions, except per share data) 3.8 17.1 Metal containers (a) Pinterest Balance at beginning of year Capital expenditures Property, plant and equipment, net Net cash provided by operating activities (a) Gross profit Cash flows provided by (used in) investing activities: 0.15 Loss on early extinguishment of debt 2020 2,879.6 ) (224.2 1.75 $ 2020 RECONCILIATION OF FREE CASH FLOW (2) 16.0 147.4 1,954.0 Other pension and postretirement income $ 677.5 $ 12.0 Dividends paid on common stock Current and long-term debt Rationalization charges 0.40 Plastic containers 505.0 Depreciation and amortization Purchase accounting write-up of inventory Interest paid, net (49.4 (35.9 Changes in outstanding checks (12.1 (c) SILGAN HOLDINGS INC. 2,558.0 6.5 $2.16 Net cash provided by (used in) financing activities 359.5 Costs attributed to announced acquisitions (22.9 Effect of exchange rate changes on cash and cash equivalents Provision for income taxes (0.7 Estimated Cash and cash equivalents: Local NewsBusiness (38.7 Liabilities and stockholders’ equity: 71.4 111,393 72.8 (Dollars in millions) Metal containers 2019 0.01 ) ) Inventories — (145.5 108.8 $ 2021 308.7 0.54 0.01 Twitter 674.6 Other investing activities Fourth Quarter Year Ended 0.02 2019 $2.77 (77.9 Actual $ 0.02 469.7 111,508 SILGAN HOLDINGS INC. Trade accounts payable and other changes, net 0.06 308.7 0.11 Includes costs attributed to announced acquisitions of $0.3 million and $1.8 million for the fourth quarters of 2020 and 2019, respectively, and $19.3 million and $1.8 million for the years ended December 31, 2020 and 2019, respectively. $ For the quarter and year ended December 31, (1,163.2 $ Table B 377.7 5.2 $ 0.02 (224.2) $ ) — $ RECONCILIATION OF ADJUSTED NET INCOME PER DILUTED SHARE (1) For the year ended December 31, 0.31 98.4 Loss on early extinguishment of debt Cash flows provided by (used in) financing activities: 11.4 Free cash flow 45.5 Actual — 0.31 5.2 RECONCILIATION OF ADJUSTED NET INCOME PER DILUTED SHARE (1) $ Estimated 2020 Capital expenditures ) $ Diluted net income per share Purchase of businesses, net of cash acquired 0.1 By Digital AIM Web Support – January 26, 2021 2021 Closures 193.8 1.7 203.8 2020 1,026.7 Income before income taxes 8.8 ) ) 2020 CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) 2019 TAGS (53.6 359.5 4,921.9 ) Table A $3.44 $383.5 ) $0.31 $ Rationalization charges 78.2 24.1 (9.6 111,198 Total liabilities and stockholders’ equity Fourth Quarter 40.7 0.02 $ $0.52 $ $ 1,252.9 193.8 $ 0.54 23.4 56.3 $271.7 Assets: $3.45 $ (4.5 Loss on early extinguishment of debt $ 1,712.4 Free cash flow per diluted share — Cash flows provided by (used in) operating activities: — 223.6 2.79 1,048.3 (17.8 0.48 (UNAUDITED) Net sales: Interest and other debt expense before loss on early extinguishment of debt Net income per diluted share as estimated for 2021 and as reported for 2020 High 18.8 2,473.2 $ $ — Cash and cash equivalents $ Weighted average shares (000’s): Weighted average diluted shares (000’s) 92.6 111.508 (230.9 0.02 71.4 $ 2019 759.9 Inventories
Newsx Adverts Pinterest Facebook Google+ WhatsApp WhatsApp Mark Durkan welcomes intervention in North talks Google+ Previous article2009 another busy year for the RNLI in DonegalNext articleSDLP to move motion on jobs for the west News Highland Pinterest Twitter RELATED ARTICLESMORE FROM AUTHOR PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Twitter Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released Critical talks are being held in Belfast and London today to determine the future of the Northern Assembly.At Stormont, the Deputy First Minister Martin McGuinness will hold an urgent meeting with DUP leader Peter Robinson.While the British Prime Minister and the Taoiseach meet at Downing Street to try and break the deadlock over policing and justice.The Leader of the SDLP Mark Durkan is welcoming the involvment of Gordon Brown and Brian Cowen:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/01/25durk.mp3[/podcast] By News Highland – January 25, 2010 Dail to vote later on extending emergency Covid powers Dail hears questions over design, funding and operation of Mica redress scheme HSE warns of ‘widespread cancellations’ of appointments next week Man arrested on suspicion of drugs and criminal property offences in Derry
ABC News(NEW YORK) — Mountainous areas of North Carolina saw almost 3 feet of snow from the recent storm that stranded motorists and left hundreds of thousands without electricity.That storm may have moved eastward, but freezing temperatures remain and morning commuters should brace themselves for slick conditions. The National Weather Service has issued an advisory for black ice along with the slippery conditions.In northern Florida, a freeze warning has been issued — the same applies for parts of Georgia and Louisiana.Cold wind chills are being felt up and down the coast and throughout much of the eastern U.S. Tuesday morning, with lots of temperatures in the 20s and 30s.Six states out West are under snow, wind or flood alerts ahead of a new storm system approaching the Pacific Northwest.Later Tuesday morning and into the afternoon, heavier rainfall in the Northwest may lead to flash flooding as winds exceed 50 mph. That storm likely will move east Wednesday morning and deposit heavy snow, with 1 to 3 feet expected from the Cascades into the Rockies.The storm system should move into the central U.S. on Thursday, with heavy rain likely in the South and some wet snow likely in the Plains and Great Lakes region.Copyright © 2018, ABC Radio. All rights reserved.
Hundreds of lawsuits to be filed for old alleged child sexual abuse cases in NY after passage of Child Victims Act
Kuzma/iStock(NEW YORK) — Leaders of the Catholic Church in New York are facing a “dark time” in the wake of a passage of a law that now allows victims of child abuse to file civil lawsuits against offenders even if the statute of limitations expired previously.The Child Victims Act clears the way for alleged victims of sexual abuse — including other storied institutions as well as the Catholic Church — for hundreds if not thousands of lawsuits to be filed by the end of the day.Cardinal Timothy Dolan, the archbishop of New York, posted a video statement on Twitter Wednesday morning, acknowledging the legal battles.“Today, I don’t mind admitting to you, is a dark time for the church. As you have probably been hearing, this is the first day of the opening of the statute of limitations. So we are going to hear a lot today about people bringing a suit against the Catholic church and other organizations — public schools, government organizations, Boy Scouts, hospitals, you name it — for past sexual abuse. I just want to say that it is a tough time, it is a dark time, it’s especially difficult for our beloved victims and their families to see all this dug up again, to have these wounds open. It’s a tough time for our victims, survivors and families. and I’d ask you to pray for them,” Dolan said.Joseph Zwilling, the director of communications for the Archdiocese of New York, shared a statement with ABC News, saying the church “has been anticipating the filing of law suits since the Child Victim’s Act passed earlier this year.”The Archdiocese has also been paying out victims separately for the past three years through its Independent Reconciliation and Compensation Program. Zwilling confirmed the fund has paid more than $66 million to 335 victims since it was created.Since any victims who reached a settlement through the fund waived their right to file subsequent lawsuits, those victims will not be participating in any of the suits filed in connection to the Child Victim’s Act window, which opened Wednesday and will last for one year.“While we carefully review the claims made in these suits, we ask that people pray for peace and healing for all those who have suffered from the sin and crime of the sexual abuse of minors, wherever it occurred, particularly victim-survivors and their families,” Zwilling said in the statement.Multiple law firms have announced their intentions to file dozens, if not more than 100 lawsuits each, on behalf of clients who allege that they were abused as children.“I think you will see hundreds or over a thousand cases filed today and then you will see hundreds more filed over the coming year,” said Jason Amala, an attorney at Pfau Cochran Vertetis Amala PLLC.Amala’s firm, which is based in Washington state and partnered with New York-based The Marsh Law Firm, will be filing 16 lawsuits on Wednesday and expect many more to come in the following weeks and months during the year-long window.“I think today will be the biggest day, but as people see others coming forward, I think they’ll come forward as well,” Amala said.Even after the one year window expires, many survivors of alleged child sexual abuse will still be able to seek justice under the Child Victims Act. Civil suits can now be filed until the alleged victim turns 55 years old, up from the current 23. And the state’s statute of limitations on criminal charges against alleged child sexual abusers has been expanded to until their victims turn 28 in certain cases, rather than 23.Jeff Anderson and Associates, a law firm that regularly represents victims of clergy sex abuse, announced Tuesday that they will be filing over 200 lawsuits in New York on Wednesday.Mike Reck, an attorney at Anderson and Associates, said that they will be filing cases “involving every diocese and the archdiocese in New York.”“The Child Victim’s Act is a very powerful tool for child protection and it effectively catapults New York from the back of the pack to the front of the pack regarding child protection,” Reck told ABC News.Reck said that prior to the Child Victims Act being signed into law by Gov. Andrew Cuomo in February, New York’s statute of limitations was “abysmal and draconian.”“That was one of the most restrictive rules in all of the United States of America and because of that rule, there were multiple generations that were kept from the justice available in the courts,” he said.“These cases will expose dozens of perpetrators whose identities have been kept secret by the institutions that protected them,” Reck said, noting that victims are able to file their civil claims anonymously.Copyright © 2019, ABC Radio. All rights reserved.
Internet travel company still in its teensOn 27 Jun 2000 in Personnel Today “We have the autonomy of an independent company combined with the technology of a Microsoft company,” says Mark Cooper, senior HR consultant of on-line travel agent Expedia.This probably sounds like a dream ticket in HR terms – after all, employees are part of a company that is owned by the richest man in the world (plus they all have share options) and, despite Microsoft’s recent problems, since its launch in 1996 in the US and 1998 in the UK, Expedia has managed to become synonymous with on-line travel and claims it is the fastest growing web site on the Internet.For Cooper though, his work is only just beginning. “I’d describe the company as being in its teens at the moment,” he says. “Next we want to set-up the business infrastructure, which means appointing an HR manager and a finance manager.”Expedia is based in the same building as another Microsoft company, the Microsoft Network (MSN), an In- ternet service provider and portal. It began life as a channel on MSN and was spun-off on its own two years ago. However, it’s still based in the same building as MSN in Shaftesbury Avenue. “There’s a real buzz in the office and there’s a lot of synergy with the MSN team.”Expedia has 11 staff and average age is late 20s, says Cooper, with job functions including web site developers and technicians, sales and marketing staff, “content supervisors” and “localisation specialists”. The latter are typical of the new roles found in Internet-only businesses. Content supervisors are mainly technical people who oversee what is put on the site, and localisation specialists ensure the site has the right feel for a UK audience. The mother site is in the US and there are similar roles at its German and Canadian offices.Key issues for Cooper and managing director James Vaile are hiring the right staff to cope with the projected growth, and retention, because as a young, dynamic workforce they are likely to move on quickly. “It is also a constant challenge trying to work out how to award employees appropriately and discovering new ways of maintaining a really good team spirit.” Cooper anticipates the workforce could rise to 40 within the next 12 months. Many of these new people will have travel industry experience, as part of the business plan is to enhance its links with tour operators and travel companies.Although technology is in constant use, he doesn’t believe all HR functions should be automated and wants to maintain close contacts with the workforce, or ensure a “high touch” factor, as he prefers to call it. Much of the administrative side of HR is increasingly dependent on technology for head count tracking, salaries, HR database, performance reviews, salary and bonus planning and in the US there is a stock system. Expedia has several Web-based information tools like the employee handbook, standard forms and training schedules for courses that staff can sign up to. “We maximise the use of the company’s Intranet for this kind of thing,” says Cooper.When it comes to recruiting, Cooper has had best results from on-line methods – he recently ran two on-line recruitment campaigns. And MSN.co.uk has a permanent recruitment site. “We tried using traditional methods for technical and business development personnel but they were not very effective,” he says. “On-line recruitment campaigns provided the best results.”Expedia’s company culture has been influenced by that of Microsoft, says Cooper, since it was developed using Microsoft’s businesses processes, but he’s grateful he has been given the space to allow it to develop its own personality. “We are trying to get the business to grow itself and we are trying to give people the freedom to develop.” Related posts:No related photos. Comments are closed. Previous Article Next Article
From argument to engagement: the role and benefits of mediation on-demand webinarOn 18 Feb 2013 in Personnel Today Comments are closed. Employees, employers and the Government are increasingly looking to resolve workplace disputes early, avoiding the need for formal or legal processes. Mediation is proven to save time, money and stress, but the implementation of a fully integrated workplace mediation scheme can benefit employers and their staff in other ways too. Click here to view webinarPersonnel Today editor Rob Moss hosted this webinar live on 13 February 2013. His guests included:David MacLeod, chairman of Engage For Success and David Liddle, chief executive of mediation consultants Previous Article Next Article Related posts:No related photos.
Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Full Name* Email Address* (iStock/Photo Illustration by Kevin Rebong for The Real Deal)Senior living facilities looking to assure prospective residents of their safety — and boost their occupancy levels — are offering Covid-19 vaccines as an amenity.They face an uphill battle. Twenty percent of residents who contracted the coronavirus in assisted living facilities died, compared to the percent of the general population, the New York Times reported.And occupancy rates at those communities plummeted 6.8 percentage points in 2020, dwindling to just 80.7 percent by the fourth quarter, according to the National Investment Center for Seniors Housing and Care, an industry group.Read moreSenior living operator promises vaccine with a leaseInvestors eye long-term gains in senior housingJKM’s mixed-use development in Wellington advances There is evidence the vaccine is helping to allay the safety concerns associated with senior living facilities. Those offering the vaccine to residents report a dramatic increase in interest from potential residents.“We’ve had an amazing uptick in people who are considering senior living,” Julie Masiello, a spokeswoman for Brightview Senior Living, told the New York Times.The vaccine rollout at Brightview, which operates 45 communities on the east coast — including in New York, Connecticut and New Jersey — has been swift. By early February, 43 percent ofBrightview residents received a first dose of the vaccine.“This is the light at the end of the pandemic tunnel,” Masiello said.[NYT] — Georgia Kromrei Contact Georgia Kromrei Commercial Real EstateCoronavirus Share via Shortlink Tags Message*
Home » News » Agencies & People » Michael Jones acquires Easylet previous nextAgencies & PeopleMichael Jones acquires EasyletThe Negotiator30th January 20200155 Views Following the recent news of introducing a ‘hub’ style of trading, where activities are centralised and operations have expanded in their flagship town centre office, one of West Sussex’s largest agencies Michael Jones & Company, has announced that it has acquired another independent letting agency.Managing Director Mike Jones, revealed that Easylet will now trade under the name ‘Michael Jones & Company’. Easylet was formerly headed by Rochelle Hawes and managed 300 properties throughout West Sussex.The acquisition follows the recent letting acquisitions of Bacon & Co in September 2017 and Curtis & Son in May 2019.Mike Jones said, “We see great value in growing and developing our sales and rental business. We are delighted to announce we have achieved our initial target of 2000 fully managed properties in lettings through our recent acquisition that will significantly contribute in strengthening our overall position as a group. We are actively looking for other acquisition opportunities in the area as it is an important part of the groups growth and expansion plans.”Easylet Mike Jones Bacon & Co Curtis & Son Michael Jones & Company January 30, 2020Jenny van BredaWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021