"We now have brands for multiple consumer demographics, retailers and September 2016 Certain statements in this presentation that are not historical fact may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and Summer intends that such forward-looking statements be subject to the safe harbor created thereby. Forward-looking statements are neither historical facts nor assurances of future performance. These statements are accompanied by words such as "anticipate," "expect," "project," "will," "believes," "estimate" and similar expressions, and include statements regarding the Company's expectations regarding ongoing supply chain and logistics challenges in 2022 and the pending acquisition of the Company by Kids2, Inc..
Zooming in on the latest balance sheet data, we can see that Summer Infant had liabilities of US$38.5m due within 12 months and liabilities of US$46.2m due beyond that. Management will provide an overview of the Company at 9:30 a.m. Pacific Time. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, risks related to disruption of managements attention from ongoing business operations due to the pending transaction; the risk that one or more closing conditions to the transaction may not be satisfied or waived, on a timely basis or otherwise; the risk that the transaction does not close when anticipated, or at all; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; potential adverse reactions or changes to employee or business relationships resulting from the announcement or completion of the proposed merger; the risk of litigation or legal proceedings related to the proposed transaction; unexpected costs, charges or expenses resulting from the proposed transaction; and other factors discussed in the Risk Factors section of the Companys most recent Annual Report on Form 10-K, and the Companys subsequent Quarterly Reports on Form 10-Q and in other filings the Company makes with the SEC from time to time. The Company, Kids2, Inc. and their respective directors and executive officers, management and employees may be deemed to be participants in the solicitation of proxies from the Companys stockholders in connection with the proposed transaction. Cautionary Note Regarding Forward-Looking Statements. first-time expectant and experienced parents alike. Selling expense was $2.8 million in the fourth quarter of 2021 versus $2.6 million in 2020, and selling expense as a percent of net sales was 7.9% versus 7.2% last year. Simply Wall St has no position in any stocks mentioned. So it may not tell us anything about how insiders feel about the current share price. To the extent that holdings of the Companys securities have changed since the amounts reflected in the Companys proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Summer Infant Inc, 1275 Park East Drive, Woonsocket 02895, United States. Investors may also . Do Not Sell My Personal Information (CA Residents Only). Headquartered in Atlanta, Kids2 spans globally serving customers in more than 90 countries and has been inventing and reinventing baby products for 50 years. The insider, Jason Macari, made the biggest insider sale in the last 12 months. With this acquisition, Kids2 will leverage its already existing brand platform strength and add new adjacent categories from Summer Infants portfolio to further scale globally. The Company is made up of a diverse group of experts with a passion to make family life better by selling proprietary, innovative products across several core categories. Astute investors may have an opportunity here because the stock has declined 55% in the last five years. But our final consideration is also important, because a company cannot pay debt with paper profits; it needs cold hard cash. These symbols will be available throughout the site during your session. SUMR Brands Reports Second Quarter Results, Company Earns $0.61 Per Share; Restructuring on Track; Debt Reduced by More than $9 Million as Outlook Strengthens. WOONSOCKET, R.I., March 16, 2022 (GLOBE NEWSWIRE) -- Summer Infant, Inc., doing business as SUMR Brands ("SUMR Brands" or the "Company") (NASDAQ: SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. ("Kids2"), a global company that designs solutions to help early-stage parents and families, have entere. -, Kids2 Acquires Summer Infant, Creating Powerhouse of Parenting Solutions.
Summer Infant Investor Presentation - September 2016 - SlideShare Of course, if you're the type of investor who prefers buying stocks without the burden of debt, then don't hesitate to discover our exclusive list of net cash growth stocks, today. The definitive proxy statement, the preliminary proxy statement, and other relevant materials in connection with the transaction (when they become available) and any other documents filed or furnished by the Company with the SEC, may be obtained free of charge at the SEC's website (www.sec.gov). Copyright 2023 Surperformance. graph of past earnings, revenue and cash flow. Kids2 is a global purpose-driven company that designs solutions to help early-stage parents and families create tiny wins that build bright futures. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. So it has liabilities totalling US$49.9m more than its cash and near-term receivables, combined. Additional Information about the Kids2 Merger and Where to Find It. Working capital has also been under pressure due to the need for increased inventory and elongated transit times.
Summer Infant Completes Debt Refinancing - GlobeNewswire Information about the Companys directors and executive officers and their ownership of Company common stock is set forth in its definitive proxy statement for its 2021 annual meeting of shareholders filed with the SEC on April 16, 2021. Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, https://last10k.com/sec-filings/sumr/0001171843-20-005826.htm, Plus: non-cash stock based compensation expense, Tax impact of items impacting comparability, Adjusted earnings/(loss) per diluted share (Non-GAAP). This release and the referenced webcast include presentations of non-GAAP financial measures, including Adjusted EBITDA, adjusted net loss and adjusted loss per diluted share. -, Kids2 Acquires Summer Infant, Creating Powerhouse of Parenting Solutions. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$8.93. As you can see below, at the end of October 2021, Summer Infant had US$35.5m of debt, up from US$32.8m a year ago. Adjusted EBITDA in 2021 included $1.2 million in bank permitted add-back charges compared with $0.7 million during the prior-year period. If earnings continue to follow that trajectory, paying off that debt load will be harder than convincing us to run a marathon in the rain. When analysing debt levels, the balance sheet is the obvious place to start. Adjusted EBITDA means earnings before interest and taxes plus depreciation, amortization, non-cash stock-based compensation expenses and other items added back as detailed in the reconciliation table included in this release. The 2020 fourth quarter included a $1.8 million debt extinguishment charge related to refinancing the Company's credit facilities and a $0.7 million impairment charge associated with dissolving an Israeli subsidiary. MarketScreener: Created by Investors for Investors! Interest expense was $1.1 million in the second quarter of 2020 versus $1.3 million in 2019.
Kids2, Inc. to Acquire SUMR Brands | MarketScreener Brands is driven by a commitment to people, products, and purpose. WOONSOCKET, R.I., May 15, 2019 -- SUMR Brands , a global leader in premium juvenile products, today announced that management will participate in the following events for institutional. Investor Relations section of our website at www.sumrbrands.com. As of January 1, 2022 the Company had approximately $0.5 million of cash and $40.6 million of bank debt compared with $0.5 million of cash and $30.9 million of bank debt as of January 2, 2021. The Company reported a net loss of $4.8 million, or $(2.20) per share, in the fourth quarter of 2021 compared with a net loss of $3.4 million, or $(1.59) per share, in the prior-year period. You may also request copies of the proxy materials from our Company as described in the enclosed proxy statement.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. list of companies with solid balance sheets and high returns on equity. SUMR Brands Reports 2021 Fourth Quarter Results. MarketScreener: Created by Investors for Investors! Click here for an interactive snapshot. On the face of it, Summer Infant's EBIT growth rate left us tentative about the stock, and its level of total liabilities was no more enticing than the one empty restaurant on the busiest night of the year. The definitive proxy statement, the preliminary proxy statement, and other relevant materials in connection with the transaction (when they become available) and any other documents filed or furnished by the Company with the SEC, may be obtained free of charge at the SECs website (www.sec.gov). Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Simply Wall St for The Company assumes no obligation to update the information contained in this release. This call is being webcast and can be accessed by visiting the "Investor Relations" section of the Company's website at www.summerinfant.com. "As expected, the steps we've taken this past year to streamline and focus the Company are beginning to bear fruit . Type a symbol or company name. Summer Infant, Inc. , a global leader in premium juvenile products, today announced that is has retained Sharon Merrill , a nationally recognized investor relations and corporate communications firm based . The Company is made up of a diverse group of experts with a passion to make family life better by selling proprietary, innovative products across several core categories. | December 13, 2022 NASDAQ:SUMR Summer Infant (SUMR) Stock Forecast, Price & News Notice: This company has been marked as potentially delisted and may not be actively trading. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We aim to bring you long-term focused analysis driven by fundamental data. The transaction has been unanimously approved by the Companys Board of Directors, and Wynnefield Capital and Jason Macari, significant stockholders of the Company, have signed voting agreements in support of the transaction. Concerned about the content? Kids II, Inc. completed the acquisition of Summer Infant, Inc. from Wynnefield Partners.. Summer Infant : SUMR Brands Stockholders Approve Acquisition by Kids2 - Form 8-K. Summer Infant, Inc. : Submission of Matters to a Vote of Security Holders, Other Events, F.. Summer Infant Shareholders Approve Pending Acquisition by Kids2, SUMR Brands Stockholders Approve Acquisition by Kids2, Summer Infant, Inc. : Other Events, Financial Statements and Exhibits (form 8-K), The Company announced today that it had reached a definitive merger agreement with Kids2, Inc. ("Kids2") pursuant to which Kids2 will acquire, subject to satisfaction of certain conditions, all issued and outstanding common stock of SUMR for $12.00 cash per share; the transaction has been unanimously approved by the Company's Board of Directors, Net sales were $35.3 million in the fourth quarter versus $36.0 million in the prior-year period, as ongoing supply chain constraints impacted the Company's ability to meet demand; however, SUMR saw continued growth across its ecommerce channels, helping to mitigate the impact of shipment delays while supporting pandemic-related shopping trends, SUMR reported a net loss of $4.8 million, or $(2.20) per share, for the fourth quarter of 2021 compared with a net loss of $3.4 million, or $(1.59) per share, in the prior-year period, reflecting supply chain inefficiencies; the 2021 fourth quarter included a $1.5 million valuation allowance on its deferred tax asset, while the 2020 fourth quarter included a $1.8 million debt extinguishment charge related to the Company's refinancing and a $0.7 million impairment charge, Adjusted EBITDA was negative $2.0 million in the 2021 fourth quarter versus $1.4 million in the prior-year period, After the end of the quarter, in January 2022, the Company reached an agreement with Wynnefield Capital for a subordinate term loan of up to $5 million, providing additional liquidity and financial flexibility, Secretary, SVP, General Counsel & Compliance. Based in Woonsocket, Rhode Island, the Company is a global leader of premium juvenile brands driven by a commitment to people, products, and purpose. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Click the image for more detail. Ultimately, that's a low return and it under-performs the Personal Products industry average of 18%. The Company provides reconciliations of these non-GAAP measures in its press releases of historical performance. fabrics, easy-change technology and different options for baby body Historically the company was generating losses but as we can see from the latest figures referenced above, they're now earning 7.5% on their capital employed. Compare this 8-K Corporate News to its predecessor by reading our highlights to see what text and tables wereremoved, added and changedby Summer Infant, Inc.. Summer Infant, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes: Summer Infant, Inc. provided additional information to their SEC Filing as exhibits, Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not, Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news, Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q, Remove data columns and navigations in order to see much more filing content and tables in one view, Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q, Export Annual and Quarterly Reports to Adobe Acrobat (PDF), Microsoft Word (DOCX), Excel (XLSX) and Comma-Delimited (CSV) files for offline viewing, annotations and analysis, Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity, See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years, Use our calculated cost dollar values to discover when and how much registered owners BUY, SELL or excercise their company stock OPTIONS aggregated from Form 4 Insider Transactions SEC Filings, View which hedge funds, pension / retirement funds, endowments, banks and insurance companies have increased or decreased their positions in a particular stock. The Company believes that these non-GAAP financial measures provide useful information to investors to better understand, on a period-to-period comparable basis, financial amounts both including and excluding these identified items, as they indicate more clearly the Companys operations and its ability to meet capital expenditure and working capital requirements. Investor Relations Intelligence ; Nasdaq Direct Listings; . The Duff & Phelps Opinions Practice of Kroll, LLC provided an independent fairness opinion to the Board of Directors of SUMR. Company is actively adapting to meet consumer expectations and needs. Institutional investors are invited to attend. Summer Infant does have some risks, we noticed 5 warning signs (and 1 which is concerning) we think you should know about. Copy and paste multiple symbols separated by spaces. Its new line Stuart Noyes, the Companys CEO, said, We are pleased with the value creation this transaction brings to SUMRs shareholders and believe it is beneficial to all stakeholders, as it ensures our leading brands are available and supported by a larger, broad-based global organization.
SUMR Brands Announces Upcoming Investor Events | MarketScreener Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. Interim Chief Financial Officer at Summer Infant . It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. The Summer name has been rebranded to more accurately reflect Management will provide an overview of the Company at 9:30 a.m. Pacific Time . Summer Infant Stock Price $12 2022-07-04 Market Capitalization $26 M 2022-06-22 Revenue $143.7 M FY, 2021 Company summary Overview Summer Infant is an infant and juvenile products company, which provides mothers and caregivers a range of products to care for babies and toddlers. The Company is made up of a diverse group of experts with a passion to make family life better by selling proprietary, innovative products across several core categories. We look forward to continuing to serve our customers through exceptional products and industry-leading innovation., This acquisition is a critical move in our long-term vision and growth strategy -- and we are excited about the many synergies between Kids2 and Summer Infant, added Ryan Gunnigle, CEO of Kids2. Compare Today's Range $11.99 $11.99 50-Day Range $11.00 $11.99 52-Week Range $6.80 $16.89 Volume N/A Average Volume 12,389 shs Market Capitalization $25.98 million P/E Ratio N/A Average Retirement Savings By Age: Are You Normal. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The webcast may be accessed by visiting the Investor Relations section of Summer Infant's website at www.summerinfant.com .