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“The Warrior Within Me” book released

Highlights: Self-Help *Christian beliefs* Author’s Journey & Struggles

POUGHKEEPSIE, N.Y.–(BUSINESS WIRE)–Issa Nesheiwat’s long journey capturing the guidance of Christianity to help overcome adversities, has been released by Palmetto Publishing. “The Warrior Within Me” is now available.

Nesheiwat, a Poughkeepsie, NY resident, promised God years ago to write the book, after his struggles, including an ordeal facing his family’s successful battle with leukemia.

Nesheiwat, 37, was born in Jordan, emigrated to New Jersey, and then moved to Yonkers, NY, where he attended school, and later, just three months before his high school graduation, moved to Poughkeepsie. His family now includes his wife and four children. Despite many successful business ventures, it is this book that was a work dream he has made reality.

“My life has been full of personal and family struggles, and with my knowledge of the Bible, my faith in God and my know how to get things done, I overcame my struggles, and felt it was important to share with others who seek either self help or help with similar situations,” Nesheiwat stated.

Central to Nesheiwat’s struggles was the years long battle his family faced with AML Leukemia. “I can tell you that with my knowledge of the Bible, my faith in God and my own desire to help my family and myself, I was able to persevere and share this story so people can help themselves through God and their inner beliefs,” added Nesheiwat.

Nesheiwat’s book is guided by six key principles: Spiritual warfare; understanding how trust engages faith; the truth about fear; why God chooses to communicate to us in our dreams; the importance of knowing biblical truth; and how frequency levels affect your life. Nesheiwat speaks of “The Real Secret,” which is missed in most self help books of this nature. The six principles, along with the current state of the individual’s mind and body, all play into how someone handles when they are tested in life.

Pastor Cano Rolon of Newburgh, NY stated that he was “humbled and blessed to have the honor to read this amazing book…I guarantee you that this book will edify your spirit.”

The book is available on Amazon and also on the book’s own website, www.thewarriorwithinmebook.com. Ebook and audible are also available on this website.

Contacts

Issa Nesheiwat, Author

issanesh@gmail.com
845-541-4567

Al Maiorino, Public Strategy Group, Inc

al@publicstrategygroup.com
617-859-3006

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Business

Six Flags announces reopening of California and Mexico theme parks

Six Flags Mexico Opening March 18

Six Flags Magic Mountain and Six Flags Discovery Kingdom Opening April 1

ARLINGTON, Texas–(BUSINESS WIRE)–#Californiathemeparks—Six Flags Entertainment Corporation, the world’s largest regional theme park company and the largest operator of waterparks in North America, is reopening Six Flags Mexico today, March 18, 2021. Both of its California properties—Six Flags Magic Mountain and Six Flags Discovery Kingdom—will open to Members and Season Pass holders on April 1 and 2, and to the general public on April 3, 2021. The parks will operate at reduced attendance levels, in accordance with state reopening guidelines for theme parks, utilizing a reservation system. The parks will also implement extensive safety measures, including several new advanced technology systems used to protect guests and employees. The safety plan, developed in consultation with infectious disease experts and utilized throughout the Six Flags network of parks, sets standards for executing at the highest levels of hygiene and social distancing protocols. The parks will adjust these procedures as needed to ensure continued compliance with state recommendations.


“Californians are ready to visit their favorite Six Flags theme park and have some fun,” said Senior Vice President of Park Operations, Bonnie Weber. “Last year, we set the standard for safely operating our parks and entertained nearly seven million guests in adherence to government and CDC health guidelines. We will follow those same stringent guidelines as we reopen our rides and attractions in our California parks,” continued Weber.

Six Flags Magic Mountain’s Park President Don McCoy added, “Six Flags Magic Mountain is the undisputed Thrill Capital of the World, and we are excited to get our park open so that we can get our world-class collection of coasters running again. Our team is eager to return to work and entertain our guests in a safe environment, providing the much-needed fun and escape we have all missed this past year. I am also looking forward to seeing guests come out and experience West Coast Racers, our newest racing coaster that was open for only a brief time in 2020.”

Six Flags Discovery Kingdom’s Park President Janine Durette went on to say, “After safely and successfully operating The Marine World Experience for the past several months, we are thrilled to be able to offer our full selection of rides and attractions for the first time in over a year. Six Flags creates wonderful memories through the incredible experiences we provide guests of all ages. We are excited to welcome more guests to the park and to bring back more of our dedicated team members.”

Park reopening dates are subject to change based on local, state, and federal guidelines related to COVID-19. Detailed reopening plans include:

Park Reservations System to Control Capacity

Six Flags has established attendance caps that are in accordance with current state guidelines to allow for proper social distancing. All Members, Season Pass holders and all guests with a single-day or group ticket will need to make a reservation at www.sixflags.com/reserve. Guests who buy single day tickets will be able to reserve during the purchase process.

Protocols for the safe operation of rides

  • Easy-to-identify distance markers have been added in all ride queue lines;
  • Handrails, ride units, and restraints will be regularly sanitized throughout the day;
  • Riders on all roller coasters, rides, and attractions will be physically distanced in accordance with local and state guidelines; and
  • Masks must remain on while experiencing a ride or attraction.

Health Screenings for Guests and Team Members

  • Contactless IR thermal imaging will be used to screen temperatures of guests and employees prior to entry;
  • Advanced security screening technology will allow for touchless bag checks;
  • Individuals will be required to acknowledge and abide by the company’s health policies, which prohibits park entry if guests have recently been exposed to or are experiencing symptoms of COVID-19;
  • Following CDC guidelines, all guests over the age of two and all team members will be required to wear face masks covering the nose and mouth throughout their visit/work day; and
  • Disposable masks will be available at Guest Relations, and reusable masks will be available for purchase at in-park retail locations.

Strictly Enforced Social Distancing

  • Easy-to-identify distance markers have been added in all park entry, restroom, retail locations, and ride and dining queue lines;
  • Dining areas have been adjusted to allow ample space between seated parties;
  • Viewing areas are marked for guests to observe animal exhibits as well as game play, and arcade games have been reconfigured or deactivated to comply with social distancing requirements; and
  • Guests viewing outdoor entertainment will be separated by a minimum of six feet.

Extensive Sanitization and Disinfecting Protocols

  • Trained and dedicated cleaning teams have been put in place;
  • Increased sanitization and disinfecting of high touch points including all public seating, tabletops, counters, handrails, doors, and trash cans will occur frequently;
  • Restroom staff will be available to disinfect each stall and sink area on a frequent basis;
  • Multiple alcohol-based hand-sanitizer stations will be located throughout the park; and
  • All work areas will be regularly sanitized and disinfected.

Sanitized Food Preparation and Service

  • Modified menus and implementation of mobile food ordering will help facilitate touchless transactions;
  • Self-service buffets and salad bars will be reconfigured to eliminate guest contact with food;
  • Condiments, self-serve cutlery, and napkins will be provided to guests with their meals as required; and
  • Attendants will serve beverages, and guests will receive drink bottle refills in a paper cup each time they refill.

Commercial-Grade Cleaning Equipment and Supplies

  • All employees will be issued Team Member Action Packs which will include: two reusable face masks, safety glasses, and disposable gloves;
  • Low pressure backpack sprayers will be utilized for disinfecting large areas;
  • Abundant supplies of sanitizers and disinfectants will be available;
  • Microfiber cloths will be used to sanitize surfaces; and
  • Queue line supplies, fencing, and tents will be in place to promote safe social distancing.

Multi-Layered Guest and Team Member Communication

  • Frontline team members will go through extensive COVID-19 training;
  • Safety messaging and reminders will be communicated on Six Flags’ website, newsletters, and in-park announcements;
  • Distance markers and physical distance indicators will be in place; and
  • Informational safety signage will be posted throughout the park.

Virtual Hiring Fairs

As one of the largest seasonal employers in the country, Six Flags is currently hiring thousands of team members for the 2021 season. The safety of park guests, employees, and animals is always the company’s top priority, and applicants may now apply for jobs in a virtual and contact-free environment.

Open Parks

With today’s announcement, 21 of the company’s 26 parks are open or have approval to open for the 2021 season, and Six Flags continues to work with government officials to gain authorization for its remaining properties. The following parks have already opened, or will be opening soon, with a full complement of rides and attractions. Those parks include:

About Six Flags Entertainment Corporation

Six Flags Entertainment Corporation is the world’s largest regional theme park company and the largest operator of waterparks in North America, with 26 parks across the United States, Mexico, and Canada. For 59 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling waterparks and unique attractions. For more information, visit www.sixflags.com.

About Six Flags Magic Mountain

Six Flags Magic Mountain, known as the Thrill Capital of the World, is home to more than 100 rides, shows, and attractions, including world-class roller coasters like West Coast Racers, Twisted Colossus, Full Throttle, and X2.

About Six Flags Discovery Kingdom

Six Flags Discovery Kingdom, the Thrill Capital of Northern California, is home to more than 60 rides, shows, and attractions, including 10 world-class roller coasters like Medusa and Batman: The Ride. Six Flags Discovery Kingdom is the premier destination for thrilling, family fun.

About Six Flags Mexico

Six Flags Mexico is the premier theme park in Latin America. The park offers more than 40 rides and attractions for the entire family. A major tourist destination, Six Flags Mexico is celebrating its 20th anniversary season in 2021. For more information, visit www.sixflags.com.mx/mexico.

Follow us on Twitter @SixFlags @sfmagicmountain @sixflagsdk @SixFlagsMexico

Like us on Facebook at facebook.com/sixflags
Follow us on Instagram @sixflagsmagicmountain @sixflagsdiscoverykingdom @sixflagsmexico

Contacts

Sandra Daniels

972.595.5178

sdaniels@sftp.com

Categories
Business

Stocks climb more than 2% as investors get back to buying

 

In this photo provided by the New York Stock Exchange, traders work on the floor, Monday, March 1, 2021. Stocks are rising across the board on Wall Street as traders welcomed a move lower in long-term interest rates in the bond market. Investors were also watching Washington as a big economic stimulus bill moved to the Senate. (Courtney Crow/New York Stock Exchange via AP)

 

Stocks are rising across the board on Wall Street as traders welcomed a move lower in long-term interest rates in the bond market. Investors were also watching Washington as a big economic stimulus bill moved to the Senate.

 

The S&P 500 added 2.3% as of 12:25 p.m. Eastern. More than 95% of the stocks in the index were higher, led by energy and technology companies. The Dow Jones Industrial Average was up 642 points, or 2.1%, to 31,574 and the Nasdaq Composite rose 2.5%.

 

Much of the focus on Wall Street is on the bond market.

 

The yield on the 10-year Treasury note fell to 1.43% after going as high as 1.5% last week, the highest level in more than a year. Higher interest rates can slow the economy and discourage borrowing.

Bond yields, which influence interest ratest on mortgages and many other kinds of loans, have been steadily climbing much of the year, as investors have bet that vaccination efforts and more government stimulus will lead to strong economic growth this year. However, along with strong economic growth comes concerns of inflation.

 

A handful high-level officials with the Federal Reserve will make speeches this week, which will give investors additional information on how concerned the nation’s central bank is about the economy and inflation. Lael Brainard, an advocate for looser monetary policies, will give a monetary policy speech on Tuesday and Fed Chair Jerome Powell will give a speech on Thursday.

 

The House of Representatives approved Biden’s $1.9 trillion pandemic relief bill on Friday and it now goes to the Senate for approval. The bill infuses cash across the struggling economy to individuals, businesses, schools, states and cities battered by COVID-19.

 

The stimulus bill would include yet another round of one-time payments to most Americans, including an expansion of other refundable tax credits like the child tax credit, and additional aid to state and local governments to combat the pandemic.

 

Johnson & Johnson rose 1.5% after the Food and Drug Administration gave approval for the company’s own coronavirus vaccine, one that does not require extensive refrigeration like the ones made by Moderna and Pfizer.

 

Energy companies made some of the biggest gains. Exxon Mobil rose 5% and Occidental Petroleum rose 4.9%. Industrial companies, including airlines beaten down by the virus pandemic, also helped boost the broader market. United Airlines rose 3.4%.

 

Investors will get several big economic reports this week, including February’s jobs report on Friday. On Monday a report on manufacturing came in better than expectations, and new orders also came in better than expected.

 

— Associated Press

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Business

Jason Houseworth and David Williams appointed to Jackson Hewitt Board of Directors

Industry Veterans Jason Houseworth, Former H&R Block Executive, and David Williams, Former Intuit, Inc. Executive and IRS Director, Expand Company’s Commitment to Helping the Hardest Working Americans with Their Taxes

JERSEY CITY, N.J. — (BUSINESS WIRE) — Jackson Hewitt Tax Service Inc., the second-largest retail provider of assisted tax-preparation services in the United States, today announced the appointment of two industry leaders to its Board of Directors.

Former H&R Block executive Jason Houseworth and former Intuit, Inc. executive and IRS director David Williams were respectively appointed to the Board on November 9, 2020 and January 15, 2021. Mr. Houseworth and Mr. Williams are both highly respected executives with over four decades of combined tax services experience.

“I’m excited to welcome both Jason and David to the Jackson Hewitt Board of Directors,” said Greg Macfarlane, Jackson Hewitt CEO. “Their wealth of knowledge and deep expertise in the tax-preparation services industry and unique perspectives will be invaluable as Jackson Hewitt continues to grow and meet the increasingly complex needs of our hard-working customers. We’re fortunate to have the opportunity to leverage both Jason and David’s backgrounds and experiences.”

“Jackson Hewitt is a tremendously strong company with a best-in-class leadership team and the addition of Directors of Jason and David’s caliber to the Board is a testament to the Company’s success,” said Richard E. Thornburgh, Chairman of the Board of Directors of Jackson Hewitt and Senior Advisor to Corsair Capital. “The experiences and relationships Jason and David have gained over the course of their careers will be hugely beneficial to Jackson Hewitt as the Company continues to provide unmatched services and solutions to customers across the US.”

Jason Houseworth Biography

Jason Houseworth currently serves as Chief Product Officer at BacklotCars, an online marketplace for auto dealers. Prior to joining BacklotCars in 2020, Mr. Houseworth served as President and CEO of FanThreeSixty, a customer data platform built for sports. He previously held numerous leadership positions at H&R Block between 2008 and 2016, including Chief Innovation Officer, President of US Product Strategy & Development, President of Digital Tax and Vice President and Chief Technology Officer. Before that, Mr. Houseworth also held various positions at Swiss Re, Accenture, Cyrus Consulting and Andersen Consulting. Mr. Houseworth served on the Board of Mylo, a Lockton Company, and Yodlee, and is a current Techstars Mentor for Techstars, a worldwide network that helps entrepreneurs succeed.

David Williams Biography

David Williams most recently served as Chief Tax Officer of Intuit, Inc., a global technology platform powering TurboTax, QuickBooks, and Mint. He has had a long career in both tax policy and tax administration. Prior to joining Intuit in 2013, Mr. Williams served as Senior Tax Policy Advisor to the U.S. Senate Committee on the Budget and held numerous leadership roles at the IRS, including Director of the Return Preparer Office, Director of Electronic Tax Administration, Director of Refundable Credits and Chief of Communications and Liaison, between 1998 and 2009. Mr. Williams also previously served as the Deputy Assistant Secretary of Tax and Budget for the U.S. Treasury Department, Legislative Director for Senator Bill Bradley, Assistant Staff Director of Revenue and Natural Resources for the U.S. Senate Committee on the Budget and Legislative Assistant of Intergovernmental Relations Subcommittee for the U.S. Senate Committee on Governmental Affairs.

About Jackson Hewitt Tax Service Inc.

Jackson Hewitt Tax Service Inc. is an innovator in the tax industry, with a mission to provide its hard-working clients access to simple, low-cost solutions to manage their taxes and tax refunds. Jackson Hewitt is devoted to helping clients get ahead and stands behind its work with its Guaranteed Biggest Refund or $100 and Lifetime Accuracy guarantees. Clients can choose to file at one of Jackson Hewitt’s nearly 6,000 franchised and company-owned locations, including 3,000 in Walmart stores and online. Jackson Hewitt makes it easy and convenient for clients to file their taxes. For more information about products, services, and offers, or to locate a Jackson Hewitt office, visit www.jacksonhewitt.com or call 1 (800) 234-1040.

Contacts

Media Contacts
Jackson Hewitt

Sard Verbinnen & Co

Danya Al-Qattan/Julie Casale

JH-SVC@SARDVERB.com

Categories
Business

Semperis taps former HPE Chief Technologist, Guido Grillenmeier, to support the commpany’s global expansion

  1. Germany-Based Active Directory Disaster Recovery Expert and 14-Year Microsoft MVP Joins Semperis as Chief Technologist to Help Deliver Identity-Driven Cyber Resilience to Organizations Worldwide

NEW YORK — (BUSINESS WIRE) — Semperis, the pioneer of identity-driven cyber resilience for enterprises, today announced the appointment of Guido Grillenmeier as chief technologist. In this role, Germany-based Grillenmeier will apply his domain expertise to help scale the company’s rapid expansion, enabling more organizations across EMEA and around the globe to protect their identity infrastructure and enhance cyber resiliency of hybrid identity stores.


“Guido brings unmatched domain expertise to his role at Semperis. Our global network of customers, partners, and technology alliances will benefit greatly from his appointment to the Semperis leadership team,” said Mickey Bresman, CEO of Semperis. “There’s a very limited number of people with Guido’s skill set and experience designing and protecting some of the largest and most complex identity environments in the world. He will play a key role at Semperis as we continue to deliver identity-driven security solutions designed to meet today’s and tomorrow’s challenges.”

The 14-year Microsoft Directory Services MVP is one of the world’s foremost experts on Active Directory (AD) recovery and co-authored “A Definitive Guide to Active Directory Disaster Recovery” with Gil Kirkpatrick, chief architect at Semperis. With today’s News the Semperis team now has more than 60 years of collective Microsoft MVP experience, including 16-year Microsoft MVP, Kirkpatrick; 15-year Microsoft MVP, Sean Deuby, director of services; and 14-year Microsoft MVP, Darren Mar-Elia, vice president of products, among others.

A well-established industry veteran, Grillenmeier previously worked as chief engineer at HP (now HPE and HP, Inc.) for nearly 20 years, where he was a member of the company’s Advanced Technology Group. While he was there, Grillenmeier led the development and delivery of HP’s Windows Server 2008 Academies to HP’s Services division. Grillenmeier later on served as chief engineer at Hewlett Packard Enterprise (HPE). Most recently, Grillenmeier held the position of chief technologist within the Enterprise Services Group at DXC Technology, a spinoff company from the Enterprise Services division of HPE and CSC. Throughout his career, Grillenmeier has helped some of the largest and most complex organizations in the world secure their AD and supported them along their transformation to Windows 10/m365 and Azure cloud services. His customers have spanned a variety of industries, including automotive, financial, government, manufacturing and telecommunications, among others.

In addition, Grillenmeier is a Microsoft certified architect and co-author of Microsoft Windows Security Fundamentals. He has authored numerous articles in leading technical magazines and has spoken at leading Microsoft conferences, including Microsoft Tech-ED, IT Forum, Windows Connections and the Hybrid Identity Protection conference.

“I am thrilled to be at Semperis and working alongside many industry experts who I know well and respect greatly,” said Grillenmeier. “I am fortunate to have been given many great opportunities in my career, including working with truly incredible customers – from government agencies with strict privacy requirements, to global enterprises with sophisticated hybrid environments. I look forward to applying what I’ve learned throughout my career to help the Semperis team deliver AD security that’s built for today’s fast-changing technology landscape and enable organizations to get back in business as fast as possible following an incident.”

Grillenmeier’s appointment continues the expansion of the company’s senior leadership team, closely following the appointment of its Chief Scientist Igor Baikalov, Chief Financial Officer Rob Porell, and Vice President, Global Channels and Alliances, Richard A. Weeks.

About Semperis

Semperis is the pioneer of identity-driven cyber resilience for cross-cloud and hybrid environments. The company provides cyber preparedness, incident response, and disaster recovery solutions for enterprise directory services—the keys to the kingdom. Semperis’ patented technology for Microsoft Active Directory protects over 40 million identities from cyberattacks, data breaches, and operational errors. Semperis is headquartered in New Jersey and operates internationally, with its research and development team distributed between San Francisco and Tel Aviv.

Semperis hosts the award-winning Hybrid Identity Protection conference (www.hipconf.com). The company has received the highest level of industry accolades and was recently ranked the fourth fastest-growing company in the tri-state area and 35th overall in Deloitte’s 2020 Technology Fast 500™. It is accredited by Microsoft and recognized by Gartner.

Twitter https://twitter.com/SemperisTech

LinkedIn https://www.linkedin.com/company/semperis

Facebook https://www.facebook.com/SemperisTech

YouTube https://www.youtube.com/channel/UCycrWXhxOTaUQ0sidlyN9SA

Contacts

PR Contact:

Ashley Crutchfield

fama PR for Semperis

617-986-5025

semperis@famapr.com

Categories
Business

You deserve a perk every day

Burger King® is Testing Loyalty in Los Angeles, Long Island, Miami, New Jersey and New York City

MIAMI — (BUSINESS WIRE) — Picture this – a world where loyalty is reealllllyyyyyy rewarded. Where your reward isn’t limited to a handful of items on the menu. Or, where you even get rewarded for delivery orders. Or, you get a free perk every day when you order from Burger King®. We’re working on a little something to make all of that possible this year and have begun testing with guests in Los Angeles, Long Island, Miami, New Jersey and New York City.


“It feels like we’ve just accepted what brands have told us is possible with loyalty programs over the years, so as we started working on Royal Perks, it was easy, let’s do what the others don’t,” said Ellie Doty, chief marketing officer of Burger King, North America. “To make sure we get it right, we’re testing, learning and solving this year.”

Now, none of this should be a surprise. For years, we’ve been hard at work evolving the digital guest experience. From personalized offers to app features around mobile order, payment and timed order release to a first-party delivery platform to testing ghost kitchens and partnering with folks to make it easier than ever to get BK® favorites.

Royal Perks is just one more step on our digital journey that makes every $1 count with the ability to earn 10 crowns for every $1 spent*.

By the end of the year, here’s what to expect from Royal Perks that you just won’t get other places:

  • Have it your way® with access to your favorites: you will be able to use crowns to get free items from across the entire menu, unlike other places where it’s limited to only a handful of items
  • Live it up with free daily perks: order BK daily and you will have the option to upsize one drink, fries, or hash browns for free per order, per day
  • Earn crowns on your delivery orders: the world has surely changed so when you order delivery from BK.com or the BK app, you still earn crowns
  • Celebrate your b-day as the royalty you are: earn double crowns for your entire birthday month, not just one day

If you’re in Los Angeles, Long Island, Miami, New Jersey and New York City, be among the first to try out our loyalty program, get bonus crowns automatically loaded to your account when you sign up and enjoy the first phase of the program, which includes some of the features mentioned above. Throughout the year, we plan to expand availability to all markets and add even more innovative features like third-party rewards and more.

*Available starting Feb. 9, 2021 on the BK® App and BK.com at participating Burger King® restaurants in Miami, Los Angeles, New York City, Long Island, and New Jersey. Earn 10 Crowns for every $1 spent (after discounts, excl. taxes and fees). Crowns expire 6 months after last eligible transaction. Bonus Crowns sign-up offer available for a limited time only and may vary. BK® App or bk.com registration required. Terms apply. See bk.com/terms-conditions-rewards and bk.com/bkrewards for full details.

About BURGER KING®:

Founded in 1954, the Burger King brand is the second largest fast food hamburger chain in the world. The original Home of The Whopper®, the Burger King system operates more than 18,800 locations in more than 100 countries and U.S. territories. Almost 100 percent of Burger King restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. To learn more about the Burger King brand, please visit the Burger King brand website at www.bk.com or follow us on Facebook, Twitter and Instagram.

Contacts

ALISON BROD MARKETING + COMMUNICATIONS

Adrianna Lauricella

BK@abmc-us.com

Categories
Business

Prudential Financial, Inc. announces 2020 results

  • Fourth quarter 2020 net income attributable to Prudential Financial, Inc. of $819 million or $2.03 per Common share versus $1.128 billion or $2.76 per share for the year-ago quarter.
  • Fourth quarter 2020 after-tax adjusted operating income of $1.183 billion or $2.93 per Common share versus $915 million or $2.24 per share for the year-ago quarter.
  • Net loss attributable to Prudential Financial, Inc. of $374 million or $1.00 per Common share for 2020 versus net income of $4.186 billion or $10.11 per share for 2019.
  • After-tax adjusted operating income of $4.111 billion or $10.21 per Common share for 2020 versus $4.656 billion or $11.24 per share for 2019.
  • Book value per Common share of $167.81 versus $155.88 per share for the year-ago; adjusted book value per Common share of $94.79 versus $101.04 per share for the year-ago.
  • Parent company highly liquid assets of $5.6 billion versus $4.1 billion for the year-ago.
  • Assets under management amounted to $1.721 trillion versus $1.551 trillion for the year-ago.
  • The Company’s Board of Directors has authorized the repurchase of up to $1.5 billion of its outstanding Common Stock during the period from January 1, 2021 through December 31, 2021. In addition, the Company declared a quarterly dividend of $1.15 per share of Common stock, payable on March 11, 2021, to shareholders of record as of February 16, 2021, representing an increase of 4.5% over the prior year dividend level and a 4.9% annualized yield on adjusted book value.

Charles Lowrey, Chairman and CEO, commented on results:

“As we reflect on the extraordinary events of 2020 and the ongoing global pandemic, we thank our employees for their continued dedication to fulfilling our company’s purpose of making lives better by solving the financial challenges of our changing world.

During the fourth quarter, we continued to successfully execute against our 2020 priorities, paving the path for the acceleration of our strategy in 2021 and beyond.

Looking ahead, we will continue our transformation by executing on our $750 million cost savings plan and by taking additional steps to increase our growth potential and reduce our market sensitivity. Over the next three years we plan to reallocate between $5 billion and $10 billion of capital with the intention of doubling the earnings contribution of our higher growth businesses and halving Individual Annuities.

Backed by the strength of our rock solid balance sheet, we also plan to return approximately $10 billion of capital to shareholders via dividends and share repurchases during this time period. This includes the resumption of share repurchases in the first quarter of 2021, as part of our $1.5 billion authorization for the year.

These changes will position Prudential to make a more meaningful difference in the financial lives of more people around the world, and to deliver attractive returns to our shareholders.”

NEWARK, N.J. — (BUSINESS WIRE) — Prudential Financial, Inc. (NYSE: PRU) today reported fourth quarter and year-end 2020 results. Net income attributable to Prudential Financial, Inc. was $819 million ($2.03 per Common share) for the fourth quarter of 2020, compared to net income of $1.128 billion ($2.76 per Common share) for the fourth quarter of 2019. After-tax adjusted operating income was $1.183 billion ($2.93 per Common share) for the fourth quarter of 2020, compared to $915 million ($2.24 per Common share) for the fourth quarter of 2019.

Net loss attributable to Prudential Financial, Inc. was $374 million ($1.00 per Common share) for 2020, compared to net income of $4.186 billion ($10.11 per Common Share) for 2019. After-tax adjusted operating income was $4.111 billion ($10.21 per Common share) for 2020, compared to $4.656 billion ($11.24 per Common share) for 2019.

Consolidated adjusted operating income and adjusted book value are non-GAAP measures. These measures are discussed later in this press release under “Forward-Looking Statements and Non-GAAP Measures” and reconciliations to the most comparable GAAP measures are provided in the tables that accompany this release.

RESULTS OF ONGOING OPERATIONS

The Company’s ongoing operations include PGIM, U.S. Businesses (consisting of U.S. Workplace Solutions, U.S. Individual Solutions, and Assurance IQ), International Businesses, and Corporate & Other. In the following business-level discussion, adjusted operating income refers to pre-tax results.

PGIM

PGIM, the Company’s global investment management business, reported record high adjusted operating income of $404 million for the fourth quarter of 2020, compared to $288 million in the year-ago quarter. The increase reflects higher asset management fees, driven by an increase in average account values, and higher Other Related Revenue, driven by record high agency revenue and the impact of investment performance on incentive fees and co- and seed investment earnings, partially offset by higher expenses, primarily driven by business growth.

PGIM assets under management of $1.499 trillion, a record high, were up 13% from the year-ago quarter, reflecting market appreciation and public fixed income inflows. Third-party net inflows of $6.3 billion in the current quarter reflect retail inflows of $3.8 billion and institutional inflows of $2.5 billion.

U.S. Businesses

U.S. Businesses reported adjusted operating income of $807 million for the fourth quarter of 2020, compared to $841 million in the year-ago quarter. The decrease reflects less favorable underwriting results, driven by COVID-19 related net mortality experience, and a change in business practice in our Individual Life business, and lower fee income, net of distribution expenses and other associated costs, in our Individual Annuities business, partially offset by higher net investment spread results, driven by higher variable investment income, and lower expenses.

U.S. Workplace Solutions, consisting of Retirement and Group Insurance, reported adjusted operating income of $451 million for the fourth quarter of 2020, compared to $342 million in the year-ago quarter.

Retirement:

  • Reported record high adjusted operating income of $538 million in the current quarter, compared to $281 million in the year-ago quarter. The increase reflects higher net investment spread results, driven by higher variable investment income, higher reserve gains, including favorable impacts due to COVID-19, and lower expenses.
  • Account values of $559 billion, a record high, were up 12% from the year-ago quarter, driven by market appreciation and net inflows. Net inflows in the current quarter totaled $5.5 billion with $3.2 billion from Institutional Investment Products, primarily from pension risk transfer transactions, and $2.3 billion from Full Service.

Group Insurance:

  • Reported a loss, on an adjusted operating income basis, of $87 million in the current quarter, compared to adjusted operating income of $61 million in the year-ago quarter. The decrease primarily reflects less favorable underwriting results in our group life and group disability businesses due to COVID-19 and related impacts.
  • Reported earned premiums, policy charges, and fees of $1.3 billion in the current quarter were consistent with the year-ago quarter.

U.S. Individual Solutions, consisting of Individual Annuities and Individual Life, reported adjusted operating income of $375 million for the fourth quarter of 2020, compared to $508 million in the year-ago quarter.

Individual Annuities:

  • Reported adjusted operating income of $440 million in the current quarter, compared to $450 million in the year-ago quarter. The decrease reflects lower fee income, net of distribution expenses and other associated costs, partially offset by higher net investment spread results.
  • Account values of $176 billion, a record high, were up 4% from the year-ago quarter, reflecting equity market appreciation, partially offset by net outflows. Gross sales of $2.0 billion in the current quarter reflect our continued product repricing and pivot strategy.

Individual Life:

  • Reported a loss, on an adjusted operating income basis, of $65 million in the current quarter, compared to adjusted operating income of $58 million in the year-ago quarter. The decrease reflects less favorable underwriting results, driven by COVID-19 mortality experience, and a change in business practice, which resulted in a refinement to reserves and related balances, partially offset by higher net investment spread results and lower expenses.
  • Sales of $239 million in the current quarter were up 14% from the year-ago quarter, as higher Variable sales were partially offset by lower Universal Life and Term sales, reflecting our product repricing and pivot strategy.

Assurance IQ reported a loss, on an adjusted operating income basis, of $19 million in the current quarter, compared to a loss of $9 million in the year-ago quarter. This reflects a 94% increase in sales, driven by higher Medicare sales during the annual enrollment period, that were more than offset by increased expenses to support business growth, including higher marketing, distribution, and infrastructure costs.

International Businesses

International Businesses, consisting of Life Planner and Gibraltar Life & Other, reported adjusted operating income of $790 million for the fourth quarter of 2020, compared to $748 million in the year-ago quarter. The increase reflects lower expenses, business growth, and more favorable underwriting results, partially offset by lower net investment spread results.

Life Planner:

  • Reported adjusted operating income of $426 million in the current quarter, compared to $345 million in the year-ago quarter. The increase reflects lower expenses, business growth, higher net investment spread results, and more favorable underwriting results.
  • Constant dollar basis sales of $216 million in the current quarter decreased 19% from the year-ago quarter, primarily reflecting lower sales in Japan following product repricing in August of 2020.

Gibraltar Life & Other:

  • Reported adjusted operating income of $364 million in the current quarter, compared to $403 million in the year-ago quarter. The decrease primarily reflects lower net investment spread results.
  • Constant dollar basis sales of $238 million in the current quarter decreased 16% from the year-ago quarter, reflecting lower sales in Japan following product repricing in August of 2020.

Corporate & Other

Corporate & Other reported a loss, on an adjusted operating income basis, of $486 million for the fourth quarter of 2020, compared to a loss of $738 million in the year-ago quarter. The lower loss reflects lower expenses, driven by the absence of costs related to the Company’s Voluntary Separation Program in the year-ago quarter, partially offset by lower net investment income.

NET INCOME

Net income in the current quarter included $1.2 billion of pre-tax net realized investment losses and related charges and adjustments, driven by losses on derivatives, and also includes $12 million from impairment and credit-related losses. These losses were partially offset by $376 million of pre-tax gains related to market experience updates and $87 million of pre-tax net gains from divested and run-off businesses.

Net income for the year-ago quarter included $145 million of pre-tax net gains from divested and run-off businesses, $73 million of pre-tax net realized investment gains and related charges and adjustments, net of $58 million from impairment and credit-related losses, and $66 million of pre-tax gains related to market experience updates.

FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES(1)

Certain of the statements included in this release, including those regarding our plans to reallocate capital, dividends, share repurchases, priorities, cost savings goals, and other business strategies constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Prudential Financial, Inc. and its subsidiaries. Prudential Financial, Inc.’s actual results may differ, possibly materially, from expectations or estimates reflected in such forward-looking statements. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in the “Risk Factors” and “Forward-Looking Statements” sections included in Prudential Financial, Inc.’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Statements regarding our plans to reallocate capital, dividends, share repurchases, priorities, cost savings goals, and other business strategies are subject to the risk that we will be unable to execute our strategy because of market or competitive conditions or other factors, including the impact of the COVID-19 pandemic. Prudential Financial, Inc. does not undertake to update any particular forward-looking statement included in this document.

Consolidated adjusted operating income and adjusted book value are non-GAAP measures. Reconciliations to the most directly comparable GAAP measures are included in this release.

We believe that our use of these non-GAAP measures helps investors understand and evaluate the Company’s performance and financial position. The presentation of adjusted operating income as we measure it for management purposes enhances the understanding of the results of operations by highlighting the results from ongoing operations and the underlying profitability of our businesses. Trends in the underlying profitability of our businesses can be more clearly identified without the fluctuating effects of the items described below. Adjusted book value augments the understanding of our financial position by providing a measure of net worth that is primarily attributable to our business operations separate from the portion that is affected by capital and currency market conditions, and by isolating the accounting impact associated with insurance liabilities that are generally not marked to market and the supporting investments that are marked to market through accumulated other comprehensive income under GAAP. However, these non-GAAP measures are not substitutes for income and equity determined in accordance with GAAP, and the adjustments made to derive these measures are important to an understanding of our overall results of operations and financial position. The schedules accompanying this release provide reconciliations of non-GAAP measures with the corresponding measures calculated using GAAP. Additional historic information relating to our financial performance is located on our website at www.investor.prudential.com.

EARNINGS CONFERENCE CALL

Members of Prudential’s senior management will host a conference call on Friday, February 5, 2021, at 11:00 a.m. ET to discuss with the investment community the Company’s fourth quarter results. The conference call will be broadcast live over the Company’s Investor Relations website at investor.prudential.com. Please log on 15 minutes early in the event necessary software needs to be downloaded. Institutional investors, analysts, and other members of the professional financial community are invited to listen to the call and participate in the Q&A by dialing one of the following numbers: (877) 336-4437 (domestic) or (234) 720-6985 (international) and using access code 2805600. All others may join the conference call in listen-only mode by dialing one of the above numbers. A replay will remain on the Investor Relations website through February 19. To access a replay via phone starting at 4:00 p.m. ET on February 5 through February 19 dial (866) 207-1041 (domestic) or (402) 970-0847 (international) and use replay code 4902339.

(1) Description of Non-GAAP Measures:

Adjusted operating income is the measure used by the Company to evaluate segment performance and to allocate resources. Adjusted operating income excludes “Realized investment gains (losses), net,” as adjusted, and related charges and adjustments. A significant element of realized investment gains and losses are impairments and credit-related and interest rate-related gains and losses. Impairments and losses from sales of credit-impaired securities, the timing of which depends largely on market credit cycles, can vary considerably across periods. The timing of other sales that would result in gains or losses, such as interest rate-related gains or losses, is largely subject to our discretion and influenced by market opportunities as well as our tax and capital profile.

Realized investment gains (losses) within certain of our businesses for which such gains (losses) are a principal source of earnings, and those associated with terminating hedges of foreign currency earnings and current period yield adjustments are included in adjusted operating income. Adjusted operating income generally excludes realized investment gains and losses from products that contain embedded derivatives, and from associated derivative portfolios that are part of an asset-liability management program related to the risk of those products. Adjusted operating income also excludes gains and losses from changes in value of certain assets and liabilities relating to foreign currency exchange movements that have been economically hedged or considered part of our capital funding strategies for our international subsidiaries, as well as gains and losses on certain investments that are designated as trading. Additionally, adjusted operating income excludes the changes in fair value of equity securities that are recorded in net income. Additionally, market experience updates, reflecting the immediate impacts in current period results from changes in current market conditions on estimates of profitability, are excluded from adjusted operating income beginning with the second quarter of 2019, which we believe enhances the understanding of underlying performance trends.

Adjusted operating income excludes the results of Divested and Run-off Businesses, which are not relevant to our ongoing operations. Discontinued operations and earnings attributable to noncontrolling interests, each of which is presented as a separate component of net income under GAAP, are also excluded from adjusted operating income. Adjusted operating income also excludes other items, such as certain components of the consideration for the Assurance IQ acquisition, which are recognized as compensation expense over the requisite service periods, as well as changes in the fair value of contingent consideration. The tax effect associated with pre-tax adjusted operating income is based on applicable IRS and foreign tax regulations inclusive of pertinent adjustments.

Adjusted book value is calculated as total equity (GAAP book value) excluding accumulated other comprehensive income (loss) and the cumulative effect of foreign currency exchange rate remeasurements and currency translation adjustments corresponding to realized investment gains and losses. These items are excluded in order to highlight the book value attributable to our core business operations separate from the portion attributable to external and potentially volatile capital and currency market conditions.

Prudential Financial, Inc. (NYSE: PRU), a financial wellness leader and premier active global investment manager with more than $1.5 trillion in assets under management as of December 31, 2020, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com.

Financial Highlights

(in millions, unaudited)

Three Months Ended

Year Ended

December 31

December 31

2020

2019

2020

2019

Adjusted operating income (loss) before income taxes (1):

PGIM

$

404

$

288

$

1,262

$

998

U.S. Businesses:

U.S. Workplace Solutions division

451

342

1,420

1,586

U.S. Individual Solutions division

375

508

1,422

1,930

Assurance IQ division (2)

(19

)

(9

)

(88

)

(9

)

Total U.S. Businesses

807

841

2,754

3,507

International Businesses

790

748

2,952

3,112

Corporate and Other

(486

)

(738

)

(1,824

)

(1,766

)

Total adjusted operating income before income taxes

$

1,515

$

1,139

$

5,144

$

5,851

Reconciling Items:

Realized investment gains (losses), net, and related charges and adjustments

$

(1,216

)

$

73

$

(4,315

)

$

(958

)

Market experience updates

376

66

(640

)

(449

)

Divested and Run-off Businesses:

Closed Block division

(9

)

31

(24

)

36

Other Divested and Run-off Businesses

96

114

(629

)

755

Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests

152

(32

)

90

(103

)

Other adjustments (3)

(14

)

(47

)

51

(47

)

Total reconciling items, before income taxes

(615

)

205

(5,467

)

(766

)

Income (loss) before income taxes and equity in earnings of operating joint ventures

$

900

$

1,344

$

(323

)

$

5,085

Income Statement Data:

Net income (loss) attributable to Prudential Financial, Inc.

$

819

$

1,128

$

(374

)

$

4,186

Income attributable to noncontrolling interests

203

10

228

52

Net income (loss)

1,022

1,138

(146

)

4,238

Less: Earnings attributable to noncontrolling interests

203

10

228

52

Income (loss) attributable to Prudential Financial, Inc.

819

1,128

(374

)

4,186

Less: Equity in earnings of operating joint ventures, net of taxes and earnings attributable to noncontrolling interests

(169

)

5

(132

)

48

Income (loss) (after-tax) before equity in earnings of operating joint ventures

988

1,123

(242

)

4,138

Less: Total reconciling items, before income taxes

(615

)

205

(5,467

)

(766

)

Less: Income taxes, not applicable to adjusted operating income

(420

)

(3

)

(1,114

)

(248

)

Total reconciling items, after income taxes

(195

)

208

(4,353

)

(518

)

After-tax adjusted operating income (1)

1,183

915

4,111

4,656

Income taxes, applicable to adjusted operating income

332

224

1,033

1,195

Adjusted operating income before income taxes (1)

$

1,515

$

1,139

$

5,144

$

5,851

See footnotes on last page.

Financial Highlights

(in millions, except per share data, unaudited)

Three Months Ended

Year Ended

December 31

December 31

2020

2019

2020

2019

Earnings per share of Common Stock (diluted):

Net income (loss) attributable to Prudential Financial, Inc.

$

2.03

$

2.76

$

(1.00

)

$

10.11

Less: Reconciling Items:

Realized investment gains (losses), net, and related charges and adjustments

(3.05

)

0.18

(10.85

)

(2.33

)

Market experience updates

0.94

0.16

(1.61

)

(1.09

)

Divested and Run-off Businesses:

Closed Block division

(0.02

)

0.08

(0.06

)

0.09

Other Divested and Run-off Businesses

0.24

0.28

(1.58

)

1.84

Difference in earnings allocated to participating unvested share-based payment awards

0.01

—

0.07

0.01

Other adjustments (3)

(0.04

)

(0.12

)

0.13

(0.11

)

Total reconciling items, before income taxes

(1.92

)

0.58

(13.90

)

(1.59

)

Less: Income taxes, not applicable to adjusted operating income

(1.02

)

0.06

(2.69

)

(0.46

)

Total reconciling items, after income taxes

(0.90

)

0.52

(11.21

)

(1.13

)

After-tax adjusted operating income

$

2.93

$

2.24

$

10.21

$

11.24

Weighted average number of outstanding common shares (basic)

396.2

400.7

395.8

404.8

Weighted average number of outstanding common shares (diluted)

398.3

403.7

397.8

410.9

For earnings per share of Common Stock calculation:

Net income (loss) attributable to Prudential Financial, Inc.

$

819

$

1,128

$

(374

)

$

4,186

Earnings related to interest, net of tax, on exchangeable surplus notes

—

—

—

12

Less: Earnings allocated to participating unvested share-based payment awards

10

12

21

45

Net income (loss) attributable to Prudential Financial, Inc. for earnings per share of Common Stock calculation

$

809

$

1,116

$

(395

)

$

4,153

After-tax adjusted operating income (1)

$

1,183

$

915

$

4,111

$

4,656

Earnings related to interest, net of tax, on exchangeable surplus notes

—

—

—

12

Less: Earnings allocated to participating unvested share-based payment awards

14

11

50

53

After-tax adjusted operating income for earnings per share of Common Stock calculation (1)

$

1,169

$

904

$

4,061

$

4,615

Prudential Financial, Inc. Equity (as of end of period):

GAAP book value (total PFI equity) at end of period

$

67,425

$

63,115

Less: Accumulated other comprehensive income (AOCI)

30,738

24,039

GAAP book value excluding AOCI

36,687

39,076

Less: Cumulative effect of foreign exchange rate remeasurement and currency

translation adjustments corresponding to realized gains/losses

(1,399

)

(1,835

)

Adjusted book value

38,086

40,911

End of period number of common shares (diluted)

401.8

404.9

GAAP book value per common share – diluted

167.81

155.88

GAAP book value excluding AOCI per share – diluted

91.31

96.51

Adjusted book value per common share – diluted

94.79

101.04

See footnotes on last page.

Contacts

MEDIA CONTACT: Bill Launder, (973) 802-8760, bill.launder@prudential.com

Read full story here

Categories
Business

AM Best revises Issuer Credit Rating outlook to stable for Knight Insurance Company Ltd. and its affiliates

OLDWICK, N.J. — (BUSINESS WIRE) — AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” of Knight Insurance Company Ltd. (Knight Insurance) (Cayman Islands), KnightBrook Insurance Company (KnightBrook) (Wilmington, DE) and Knight Specialty Insurance Company (Wilmington, DE). The outlook of the FSR is stable. These companies collectively are referred to as Knight.

These Credit Ratings (ratings) reflect Knight’s balance sheet strength, which AM Best categorizes as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management (ERM).

The Long-Term ICR outlook revision reflects Knight’s operating and process enhancements instituted by its management team four years ago, which have resulted in steadily improving operating performance, most prominently in 2019 and through November 2020, and significantly reduced adverse prior year loss reserve development. The company has strengthened the monitoring and control of its general agent partners and third party adjusters in claims settling and enhanced its underwriting guidelines, which have contributed to the turnaround. While operating performance has shown improvement, the potential for volatility remains as open claims from terminated programs are settled and active programs mature. Volatility may also result from elevated common stock leverage relative to the industry.

The ratings also reflect Knight’s improving risk-adjusted capitalization and the strategic role that it has as a member of the Hankey Group, a group of companies that operates primarily in the automotive industry. Knight Insurance provides various lines of coverage for affiliated and unaffiliated programs. Its largest lines of business are commercial auto and general liability.

AM Best expects Knight to maintain its balance sheet strength at the very strong level and to continue refining its business model, while reducing earnings volatility.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Jieqiu Fan

Senior Financial Analyst
+1 908 439 2200, ext. 5372
jieqiu.fan@ambest.com

Susan Molineux
Director
+1 908 439 2200, ext. 5829

susan.molineux@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644

james.peavy@ambest.com

Categories
Business Environment

Renewable Energy seasoned professional Faraz Khan, CFO, joins executive team at Vision Solar to drive company growth

Khan Brings 15+ Years of Professional Experience in Renewables

BLACKWOOD, N.J. — (BUSINESS WIRE) — #Switchtosolar–In the peak of January, Vision Solar LLC executives chose a seasoned renewable energy professional, Faraz Khan as their new Chief Financial Officer. Khan is eager to help drive company growth, and collaborate in the successful efforts of the company in the years to come.


Faraz Khan has over 15+ years of professional experience within the energy industry. Prior to joining Vision Solar, Khan served as Senior Director of Corporate Finance at Hardinge Inc., following his experience as CFO for Siemens Gamesa Renewable Energy. His diverse background experience has created a strong reputation for delivering financial results and driving business transformation across the Renewable Energy enterprise.

Khan is extremely passionate about being a part of the switch to renewable energies.

“I think it is a great time to join the renewable energy revolution. Because of this, I am excited to become a part of Vision Solar’s success, while helping them grow with the right financial discipline,” Khan stated.

Khan’s goals for his position is to help the company grow profitably, while improving their margin. He is dedicated to growing in a sustainable way, in order to expand on their current markets.

For any inquiries or interview requests regarding this press release, please feel free to contact Ellen Granson at (856)-693-5352 egranson@visionsolar.llc or John Czelusniak at jczelusniak@visionsolar.llc – Text or email is the preferred form of communication.

About Vision Solar

Vision Solar is one of the fastest growing solar energy companies in the United States. Their full-service renewable energy company installs solar services for residential homes in Pennsylvania, Arizona, New Jersey, Massachusetts and Florida. Over the past three years, Vision Solar has grossed over $100 million in revenue, with significant increase in projected growth for 2021. To learn more visit https://visionsolar.llc/.

Contacts

Ellen Granson, (856)-693-5352

egranson@visionsolar.llc
or

John Czelusniak

jczelusniak@visionsolar.llc

Categories
Business

AdvanSix to release fourth quarter financial results and hold investor conference call on February 19

PARSIPPANY, N.J. — (BUSINESS WIRE) — AdvanSix (NYSE: ASIX) will issue its fourth quarter and full year 2020 financial results before the opening of the New York Stock Exchange on Friday, February 19. The company will also hold a conference call with investors at 9:00 a.m. ET that day.

Conference Call Details

To participate on the conference call, dial (844) 855-9494 (domestic) or (412) 858-4602 (international) approximately 10 minutes before the 9:00 a.m. ET start, and tell the operator that you are dialing in for AdvanSix’s fourth quarter 2020 earnings call. A replay of the conference call will be available from 12 noon ET on February 19 until 12 noon ET on February 26. You can listen to the replay by dialing (877) 344-7529 (domestic) or (412) 317-0088 (international). The access code is 10151025.

Presentation Materials / Webcast Details

A real-time audio webcast of the presentation can be accessed at http://investors.advansix.com. Related materials will be posted prior to the presentation at that site, and a replay of the webcast will be available on the AdvanSix investor website for 90 days following the presentation.

About AdvanSix

AdvanSix is a leading manufacturer of Nylon 6, a polymer resin which is a synthetic material used by our customers to produce fibers, filaments, engineered plastics and films that, in turn, are used in such end-products as carpets, automotive and electronic components, sports apparel, food packaging and other industrial applications. As a result of our backward integration and the configuration of our manufacturing facilities, we also sell caprolactam, ammonium sulfate fertilizer, acetone and other intermediate chemicals, all of which are produced within unit operations across our integrated manufacturing value chain. More information on AdvanSix can be found at http://www.advansix.com.

Contacts

Media
Debra Lewis

(973) 526-1767

debra.lewis@advansix.com

Investors
Adam Kressel

(973) 526-1700

adam.kressel@advansix.com