Press Releases

~ Achieved significant merger milestone with expiration of HSR waiting period ~

2024 First Quarter Highlights:

• Generated net sales of ~$327 million and a GAAP net loss from continuing operations of $26.2 million
• Achieved Q1 Adjusted EBITDA of $23.8 million with an improved EBITDA margin of 7.3%
• Delivered continued robust Spunlace performance with ~$5 million improved EBITDA
• Improved Composite Fibers EBITDA by ~$2 million, consistent with expectations
• Recorded ~$9 million... (continue reading...)

HULUN BUIR, China, May 9, 2024 /PRNewswire/ -- On May 1, Wang Liang and his family from Heilongjiang province drove to Zhalantun, where azaleas in full bloom look like a sea on mountains in the Azalea Ecological Park. "The yellowish grassland interspersed with rosy azaleas is unique and charming, and Xing'an azaleas deserve the reputation," Wang Liang was amazed at the sea of azaleas all over the mountains.

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Achieves First Quarter Net Sales of $467.8 Million, Reflecting 10.2% Year-Over-Year Growth on a Reported and  Constant Currency Basis

Reports Net Loss of $65.4 Million, Reflecting a 73.8% Year-Over-Year Improvement; Delivers Adjusted EBITDA of $144.9 Million, Reflecting 17.3% Year-Over-Year Growth

Initiated Rollout of INOmax® EVOLVE™ DS Delivery System in Select Hospital Systems

Anticipates Launch of Acthar® Gel (repository corticotropin injection) Single-Dose... (continue reading...)

• Drove Fiscal Third Quarter Operating Income and EPS Outperformance Versus Expectations Fueled by 190 Basis Points of Gross Margin Expansion

• Generated Robust Operating and Free Cash Flow of Over $900 Million Year-to-Date, Significantly Above Prior Year

• Maintained EPS Outlook for Fiscal Year 2024 

Link to Download Tapestry’s Q3 Earnings Presentation, Including Brand Highlights

NEW YORK--(BUSINESS WIRE)-- Tapestry, Inc. (NYSE: TPR), a house of iconic... (continue reading...)

Grew Net Sales 4.8% to $8.9 Billion and Gross Profit 4.9% to $1.5 Billion

Net Income of $82 Million

Grew Adjusted EBITDA 6% to $356 Million and Reaffirms Fiscal Year 2024 Guidance

Closed on IWC Food Service Acquisition in April

ROSEMONT, Ill.--(BUSINESS WIRE)-- US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2024.

First Quarter Fiscal 2024... (continue reading...)