Le Lézard
Classified in: Transportation, Business
Subjects: ERN, DIV

Uni-Select reports its third quarter results with solid sales growth by Canadian Automotive Group




Unless otherwise indicated in this press release, all amounts are expressed in thousands of US dollars, except per share amounts and percentages.

 

BOUCHERVILLE, QC, Nov. 8, 2017 /CNW Telbec/ - Uni-Select Inc. (TSX: UNS) today reported its financial results for the third quarter ended September 30, 2017.

Logo: Uni-Select Inc. (CNW Group/Uni-Select Inc.)

"We are very pleased to report our third quarter results which include seven weeks of The Parts Alliance ("TPA") business in the UK acquired in August. TPA results do not represent a full quarter as we are only reporting since its acquisition on August 7, 2017. We are excited by the opportunities ahead. TPA management is driving a number of profitable growth initiatives and has already demonstrated it with their first acquisition in September, adding seven locations to its network. The Canadian business reported another strong quarter, with organic sales growth of 7.7% while improving its EBITDA. FinishMaster US is focusing on initiatives underway to overcome headwinds from the product line changeover, but also from the two hurricanes that impacted important markets, Texas and Florida, during the quarter," said Henry Buckley, President and Chief Executive Officer of Uni-Select. "While consolidated net earnings are below our expectations, the underlying industry fundamentals are positive, and we have both profitable sales growth initiatives and productivity improvement initiatives underway to maximize shareholder value," added Henry Buckley.

For further information about the Corporation's use of the non-IFRS measures identified in this press release, refer to "Non-IFRS financial measures" and "Reconciliation of non-IFRS measures" sections.






THIRD QUARTER


NINE-MONTH PERIOD

2017


2016


2017


2016

Sales

395,807


318,545


1,033,294


906,333

EBITDA (1)

32,181


30,836


84,898


82,278

EBITDA margin (1)

8.1%


9.7%


8.2%


9.1%

Adjusted EBITDA (1)

33,915


30,836


89,548


82,278

Adjusted EBITDA margin (1)

8.6%


9.7%


8.7%


9.1%

Net earnings

11,159


17,281


35,895


45,570

Adjusted earnings (1)

15,105


17,281


42,738


45,570

Earnings per share

0.26


0.41


0.85


1.07

Adjusted earnings per share (1)

0.36


0.41


1.01


1.07

_________________________________

(1)

Non-IFRS financial measures. Refer to the "Non-IFRS financial measures" and the "Reconciliation of non-IFRS measures" sections for further details.

(2)

The Parts Alliance operations are consolidated, since the acquisition date, as part of a new segment called "The Parts Alliance UK".

THIRD QUARTER RESULTS

Consolidated sales for the third quarter were $395.8 million, a 24.3% increase compared to the same quarter last year, driven by the sales generated from recent business acquisitions, adding sales of $84.0 million or 26.4% of which The Parts Alliance represents $55.7 million or 17.5%. As well, the Canadian Automotive Group delivered a solid performance with an organic growth of 7.7%. The consolidated organic sales of ?2.3% were affected by FinishMaster's product line changeover and the hurricanes. Without these impacts, the consolidated organic sales would have been 2.1%.

The Corporation generated an EBITDA and EBITDA margin of $32.2 million and 8.1%, respectively. Once adjusted for restructuring and other charges as well as net transaction charges related to The Parts Alliance acquisition, EBITDA was $33.9 million (or 8.6% of sales) for the quarter, compared to $30.8 million (or 9.7% of sales) in 2016, an increase of 10.0%. The adjusted EBITDA margin decrease of 1.1% is mainly explained by the different business model of The Parts Alliance UK. Excluding these operations, the variance is explained by FinishMaster US organic growth and the impact of the hurricanes, resulting in a lower absorption of employee benefits and fixed costs, while being impacted by the revenue mix. These impacts were partially compensated by the Canadian Automotive Group and by lower information technology expenses in relation to the internalization of the servers.

Net earnings and adjusted earnings were respectively $11.2 million and $15.1 million. Adjusted earnings decreased by 12.6% compared to the same quarter last year, and were impacted by additional amortization and finance costs related to recent business acquisitions.

Segmented Results

FinishMaster US recorded sales of $206.5 million, up 2.1% from the same quarter in 2016, supported by the recent business acquisitions representing a growth of $23.8 million or 11.8% and offsetting the negative organic growth. The product line changeover and the hurricanes impacted sales by approximately 7.0%. EBITDA for this segment was $24.4 million, compared to $26.7 million in 2016. The EBITDA margin decrease of 1.4% is the result of lower absorption of fixed costs related to the organic growth and the impact of the hurricanes, as well as a gross margin impacted by recent business acquisitions that have a higher percentage of multi-shop owner customers for which discounts are more significant. The reduction of the performance?based compensation partially offset these factors. FinishMaster US is working on organic sales growth initiatives coupled with productivity improvement initiatives focused on reducing its cost to serve.

Sales for the Canadian Automotive Group were $133.6 million, compared to $116.3 million in 2016, an increase of 14.8%, a direct result of the organic growth of 7.7% as well as the performance of the recent business acquisitions and the strength of the Canadian dollar. Our sales to the independent parts store customers, our Bumper to Bumper® and FinishMaster® corporate stores sales, reported both a positive organic growth, a result of the concerted efforts and initiatives of the management and sales teams as well as the favorable Canadian economic conditions. The EBITDA margin increase of 1.5% compared to 2016 is mainly related to improved gross margin and improved performance of the paint, body and equipment program. These factors were partially compensated by ongoing investments required in relation to the corporate store initiative. Once the integration of the corporate stores and the implementation of the new point of sales systems will be completed, additional synergies and efficiency are expected.

The Parts Alliance UK recorded sales of $55.7 million and EBITDA of $2.3 million. Sales are slightly seasonal for this segment, notably in relation to vacation and holidays, with August being one of the weakest months of year. This partially explains the EBITDA margin for the quarter coupled with a payroll increase during the summer. This segment is growing through business acquisitions and the opening of greenfield store locations. Its company-owned store model generates a higher gross margin than the other segments while requiring a higher level of employee benefits and operating expenses. The Parts Alliance is in the process of integrating its acquired store operations.

NINE-MONTH PERIOD RESULTS

Consolidated sales for the nine-month period were $1,033.3 million, a 14.0% increase compared to the same period last year, driven by the sales generated from recent business acquisitions, resulting in additional sales of $162.0 million or 17.9%, as well as by the performance of the Canadian Automotive Group that overcame its loss of an independent member and generated positive organic growth. The consolidated organic sales were affected by the product line changeover and the hurricanes in the US. Without these impacts, the consolidated organic growth would have been approximately 1.2%.

The Corporation generated an EBITDA of $84.9 million, while adjusted EBITDA amounted to $89.5 million, representing an increase of 8.8% compared to the same period last year. Adjusted EBITDA margin decrease of 0.4% is mainly attributable to a different business model at The Parts Alliance UK. Once these operations are excluded, the remaining variance is explained by the organic growth of FinishMaster US and the impact of the hurricanes, which were partially compensated by the performance of the Canadian Automotive Group as well as by lower information technology expenses.

Net earnings and adjusted earnings were respectively $35.9 million and $42.7 million compared to $45.6 million last year. Additional amortization and finance costs related to recent business acquisitions explain the decrease in adjusted earnings.

Segmented Results

FinishMaster US recorded sales of $615.7 million, up 7.6% from the same period in 2016, strengthened by the recent business acquisitions representing a growth of $94.7 million or 16.5%. The product line changeover and the hurricanes impacted sales by approximately 7.5%. EBITDA for this segment remained constant at $71.7 million. EBITDA margin decreased by 0.8%, the result of a lower absorption of fixed costs related to the organic growth and the impact of the hurricanes as well as a gross margin impacted by recent business acquisitions having a higher percentage of multi-shop owner customers for which discounting is more significant. FinishMaster US pursued the expansion of its network during the first nine months of 2017, enlarging its footprint and reinforcing its number one position in major markets.

Sales for the Canadian Automotive Group were $361.9 million, compared to $334.2 million in 2016, an increase of 8.3%, driven by the organic growth performance of the segment, the recent business acquisitions and the strength of the Canadian dollar. This segment's organic growth improved quarter after quarter for both our sales to the independent customers and corporate stores sales, which overcome the loss of an independent member at the beginning of the year. The EBITDA margin increase of 0.6%, compared to 2016, is mainly explained by an improved gross margin and an improved performance of the paint, body and equipment program as well as by lower information technology expenses. These factors were partially offset by higher stock-based compensation.

DIVIDENDS

On November 8, 2017, the Uni-Select Board of Directors declared a quarterly dividend of C$0.0925 per share payable on January 16, 2018 to shareholders of record as at December 31, 2017. This dividend is an eligible dividend for income tax purposes.

CONFERENCE CALL

Uni-Select will host a conference call to discuss its third quarter and nine-month period results for 2017 on November 9, 2017 at 8:00 AM Eastern. To join the conference, dial 1 866 865-3087 (or 1 647 427-7450 for International calls) followed by 6498359.

A recording of the conference call will be available from 11:00 AM Eastern on November 9, 2017 until 11:59 PM Eastern on November 16, 2017. To access the replay, dial 1 855 859-2056 followed by 6498359.

A live webcast of the quarterly results conference call will also be accessible through the "Investors" section of our website at uniselect.com where a replay will also be archived. Listeners should allow ample time to access the webcast and supporting slides.

ABOUT UNI-SELECT

Uni-Select is a leader in the distribution of automotive refinish and industrial paint and related products in North America, as well as a leader in the automotive aftermarket parts business in Canada and in the UK. Uni?Select is headquartered in Boucherville, Québec, Canada, and its shares are traded on the Toronto Stock Exchange (TSX) under the symbol UNS.

In Canada, Uni-Select supports over 16,000 automotive repair and collision repair shops through a growing national network of more than 1,100 independent customers and corporate stores, many of which operate under the Uni-Select BUMPER TO BUMPER®, AUTO PARTS PLUS® AND FINISHMASTER® store banner programs. It also supports over 3,900 shops and stores through its automotive repair/installer shop banners, as well as through its automotive refinish banners.

In the United States, Uni-Select, through its wholly-owned subsidiary FinishMaster, Inc., operates a national network of automotive refinish corporate stores under the FINISHMASTER banner which services a network of over 30,000 customers annually, of which it is the primary supplier to over 6,000 collision repair centre customers.

In the UK and Ireland, Uni-Select, through its Parts Alliance group of subsidiaries, is a leading distributor of automotive parts supporting over 23,000 customer accounts with a network of close to 200 locations including over 170 corporate stores.

FORWARD-LOOKING INFORMATION

The information provided in this press release may include some forward-looking information, which could include certain risks and uncertainties, which may cause the final results to be significantly different from those listed or implied within this news release. For additional information with respect to risks and uncertainties, refer to the Annual Report filed by Uni-Select with the Canadian securities commissions. The forward-looking information contained herein is made as of the date of this press release, and Uni-Select does not undertake to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws.

ADDITIONAL INFORMATION

The Management's Discussion and Analysis (MD&A), condensed consolidated financial statements and related notes for the third quarter and nine-month period of 2017 are available in the "Investors" section on the Corporation's website at uniselect.com as well as on SEDAR at sedar.com. The Corporation's Annual Report may also be found on these websites as well as other information related to Uni-Select, including its Annual Information Form.

RECONCILIATION OF NON-IFRS MEASURES 

The information included in this Press release contains certain financial measures that are inconsistent with IFRS. Non?IFRS financial measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other entities.

Organic growth ? This measure consists of quantifying the increase in pro forma consolidated sales between two given periods, excluding the impact of acquisitions, sales and disposals of stores, exchange-rate fluctuations and when necessary, the variance in the number of billing days. This measure enables Uni-Select to evaluate the intrinsic trend in the sales generated by its operational base in comparison with the rest of the market. Determining the rate of organic growth, based on findings that Management regards as reasonable, may differ from the actual rate of organic growth.

EBITDA ? This measure represents net earnings excluding finance costs, depreciation and amortization and income taxes. This measure is a financial indicator of a corporation's ability to service and incur debt. It should not be considered by an investor as an alternative to sales or net earnings, as an indicator of operating performance or cash flows, or as a measure of liquidity, but as additional information.

Adjusted EBITDA, adjusted earnings and adjusted earnings per share ? Management uses adjusted EBITDA, adjusted earnings and adjusted earnings per share to assess EBITDA, net earnings and net earnings per share from operating activities, excluding certain adjustments, net of income taxes (for adjusted earnings and adjusted earnings per share), which may affect the comparability of the Corporation's financial results. Management considers that these measures are more representative of the Corporation's operational performance and more appropriate in providing additional information. These adjustments include, among other things, net transaction charges as well as amortization of the premium on foreign currency options related to The Parts Alliance acquisition, restructuring and other charges and impairment and transaction charges related to the sale of net assets. The exclusion of these items does not indicate that they are non-recurring.

EBITDA margin and adjusted EBITDA margin ? The EBITDA margin is a percentage corresponding to the ratio of the EBITDA to sales. The adjusted EBITDA margin is a percentage corresponding to the ratio of adjusted EBITDA to sales.

The following table presents a reconciliation of organic growth.

 




Third quarter


Nine-month period


2017


2016


2017


2016

FinishMaster US

206,495


202,215


615,683


572,105

Canadian Automotive Group

133,612


116,330


361,911


334,228

The Parts Alliance UK

55,700


-


55,700


-

Sales

395,807


318,545


1,033,294


906,333




%




%

Sales variance

77,262


24.3


126,961


14.0


Conversion effect of the Canadian dollar

(5,140)


(1.6)


(2,752)


(0.3)


Number of billing days

4,442


1.4


5,322


0.6


Acquisitions and others

(83,957)


(26.4)


(162,049)


(17.9)

Consolidated organic growth

(7,393)


(2.3)


(32,518)


(3.6)


 

The following table presents a reconciliation of EBITDA and adjusted EBITDA.

 







Third quarter


Nine-month period



2017


2016


%

2017


2016


%

Net earnings

11,159


17,281



35,895


45,570




Income tax expense

7,721


8,153



19,832


22,650




Depreciation and amortization

8,255


4,116



19,670


10,738




Finance costs, net

5,046


1,286



9,501


3,320



EBITDA

32,181


30,836


4.4

84,898


82,278


3.2

EBITDA margin

8.1%


9.7%



8.2%


9.1%














Restructuring and other charges

(523)


-



(523)


-



Net transaction charges related to The Parts Alliance acquisition

2,257


-



5,173


-



Adjusted EBITDA

33,915


30,836


10.0

89,548


82,278


8.8

Adjusted EBITDA margin

8.6%


9.7%



8.7%


9.1%



 

The following table presents a reconciliation of adjusted earnings and adjusted earnings per share.

 







Third quarter


Nine-month period



2017


2016


%

2017


2016


%

Net earnings

11,159


17,281


(35.4)

35,895


45,570


(21.2)

Restructuring and other charges, net of taxes

(378)


-



(378)


-



Net transaction charges related to The Parts Alliance acquisition, net of taxes

3,111


-



5,218


-



Amortization of the premium on foreign currency options, net of taxes

1,213


-



2,003


-



Adjusted earnings

15,105


17,281


(12.6)

42,738


45,570


(6.2)

Earnings per share

0.26


0.41


(36.6)

0.85


1.07


(20.6)

Restructuring and other charges, net of taxes

(0.01)


-



(0.01)


-



Net transaction charges related to The Parts Alliance acquisition, net of taxes

0.07


-



0.12


-



Amortization of the premium on foreign currency options, net of taxes

0.03


-



0.05


-



Adjusted earnings per share

0.36


0.41


(12.2)

1.01


1.07


(5.6)












 

UNI-SELECT INC.
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands of US dollars, except per share amounts, unaudited)

Quarter

ended Sept. 30,


Nine-month period

ended Sept. 30,


2017


2016


2017


2016









Sales

395,807


318,545


1,033,294


906,333

Purchases, net of changes in inventories

267,330


220,741


708,207


632,375

Gross margin

128,477


97,804


325,087


273,958









Employee benefits

65,002


45,063


161,215


130,647

Other operating expenses

29,560


21,905


74,324


61,033

Restructuring and other charges

(523)


-


(523)


-

Net transaction charges related to The Parts Alliance acquisition

2,257


-


5,173


-

Earnings before finance costs, depreciation and amortization and income taxes

32,181


30,836


84,898


82,278









Finance costs, net

5,046


1,286


9,501


3,320

Depreciation and amortization

8,255


4,116


19,670


10,738

Earnings before income taxes

18,880


25,434


55,727


68,220

Income tax expense

7,721


8,153


19,832


22,650

Net earnings

11,159


17,281


35,895


45,570









Earnings per share (basic and diluted)

0.26


0.41


0.85


1.07









Weighted average number of common shares outstanding (in thousands)









Basic

42,274


42,231


42,257


42,507


Diluted

42,424


42,496


42,446


42,767









 

UNI-SELECT INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands of US dollars, unaudited)

Quarter

ended Sept. 30,


Nine-month period

ended Sept. 30,


2017


2016


2017


2016









Net earnings

11,159


17,281


35,895


45,570









Other comprehensive income (loss)








Items that will subsequently be reclassified to net earnings:









Effective portion of changes in the fair value of cash flow hedges (net of income tax of $26 for the nine-month period)

-


-


(69)


-










Net change in the fair value of derivative financial instruments designated as cash flow hedges transferred to earnings (net of income tax of $10 and $15 for the quarter and the nine-month period)

26


-


39


-










Unrealized exchange gains (losses) on the translation of financial statements to the presentation currency

5,849


(1,303)


8,778


10,729










Unrealized exchange gains on the translation of debt designated as a hedge of net investments in foreign operations (net of income tax of $324 and $550 for the quarter and the nine-month period)

2,013


-


3,414


-


7,888


(1,303)


12,162


10,729

Items that will not subsequently be reclassified to net earnings:









Remeasurements of long-term employee benefit obligations (net of income tax of $1,132 and $46 for the quarter and the nine-month period ($129 and $469 in 2016))

2,949


334


(94)


(1,224)









Total other comprehensive income (loss)

10,837


(969)


12,068


9,505

Comprehensive income

21,996


16,312


47,963


55,075









 

UNI-SELECT INC.
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY






Attributable to shareholders

(In thousands of US dollars, unaudited)

Share capital


Contributed
surplus


Retained
earnings


Accumulated
other
comprehensive
income (loss)


Total
equity





















Balance, December 31, 2015

97,864


3,588


371,997


(36,471)


436,978











Net earnings

-


-


45,570


-


45,570

Other comprehensive income (loss)

-


-


(1,224)


10,729


9,505

Comprehensive income

-


-


44,346


10,729


55,075











Contributions by and distributions to shareholders:











Repurchase and cancellation of shares

(1,997)


-


(19,684)


-


(21,681)


Issuance of shares

1,090


-


-


-


1,090


Dividends

-


-


(8,075)


-


(8,075)


Stock-based compensation

-


538


-


-


538


(907)


538


(27,759)


-


(28,128)











Balance, September 30, 2016

96,957


4,126


388,584


(25,742)


463,925











Balance, December 31, 2016

96,924


4,260


401,420


(30,242)


472,362











Net earnings

-


-


35,895


-


35,895

Other comprehensive income (loss)

-


-


(94)


12,162


12,068

Comprehensive income

-


-


35,801


12,162


47,963











Contributions by and distributions to shareholders:











Issuance of shares

661


-


-


-


661


Dividends

-


-


(8,739)


-


(8,739)


Stock-based compensation

-


625


-


-


625


661


625


(8,739)


-


(7,453)











Balance, September 30, 2017

97,585


4,885


428,482


(18,080)


512,872











 

UNI-SELECT INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands of US dollars, unaudited)

Quarter

ended Sept. 30,


Nine-month period

ended Sept. 30,


2017


2016


2017


2016









OPERATING ACTIVITIES








Net earnings

11,159


17,281


35,895


45,570

Non-cash items:









Restructuring and other charges

(523)


-


(523)


-


Finance costs, net

5,046


1,286


9,501


3,320


Depreciation and amortization

8,255


4,116


19,670


10,738


Income tax expense

7,721


8,153


19,832


22,650


Amortization of incentives granted to customers

5,139


4,118


15,673


10,754


Other non-cash items

(22)


1,030


899


255

Changes in working capital items

9,418


12,451


(8,651)


(11,744)

Interest paid

(1,998)


(1,051)


(4,824)


(2,487)

Income taxes recovered (paid)

5,108


4,092


(5,552)


1,976

Cash flows from operating activities

49,303


51,476


81,920


81,032









INVESTING ACTIVITIES








Business acquisitions

(273,940)


(5,899)


(341,271)


(146,284)

Net balance of purchase price

(1,823)


(3)


(5,953)


(2,025)

Cash held in escrow

(2,020)


2,736


(7,531)


(11,753)

Premium on foreign currency options

-


-


(6,631)


-

Proceeds from disposal of foreign exchange options

6,174


-


6,174


-

Advances to merchant members and incentives granted to customers

(5,835)


(7,519)


(20,947)


(16,389)

Reimbursement of advances to merchant members

361


447


1,002


1,356

Acquisitions of property and equipment

(4,655)


(1,534)


(8,434)


(4,965)

Proceeds from disposal of property and equipment

206


74


446


66

Acquisitions and development of intangible assets

(1,088)


(983)


(2,829)


(2,763)

Cash flows used in investing activities

(282,620)


(12,681)


(385,974)


(182,757)









FINANCING ACTIVITIES








Increase in long-term debt

293,758


11,028


435,247


131,761

Repayment of long-term debt

(18,342)


(38,507)


(86,834)


(72,342)

Net increase (decrease) in merchant members' deposits in the guarantee fund

16


111


(98)


(192)

Repurchase and cancellation of shares

-


-


-


(21,681)

Issuance of shares

-


-


661


1,090

Dividends paid

(3,086)


(2,765)


(8,517)


(7,802)

Cash flows from (used in) financing activities

272,346


(30,133)


340,459


30,834

Effects of fluctuations in exchange rates on cash

534


(66)


626


441

Net increase (decrease) in cash

39,563


8,596


37,031


(70,450)

Cash, beginning of period

19,793


12,386


22,325


91,432

Cash, end of period

59,356


20,982


59,356


20,982









 

UNI-SELECT INC.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION





(In thousands of US dollars, unaudited)

Sept. 30,


Dec. 31,


2017


2016





ASSETS




Current assets:





Cash

59,356


22,325


Cash held in escrow

18,017


14,486


Trade and other receivables

242,980


149,268


Income taxes receivable

898


16,751


Inventory

442,687


330,808


Prepaid expenses

12,044


4,893


Total current assets

775,982


538,531

Investments and advances to merchant members

30,566


28,651

Property and equipment

77,621


41,982

Intangible assets

229,834


101,158

Goodwill

370,597


243,807

Deferred tax assets

25,175


22,743





TOTAL ASSETS

1,509,775


976,872





LIABILITIES




Current liabilities:





Trade and other payables

417,530


314,505


Balance of purchase price, net

29,992


25,303


Provision for restructuring and other charges

100


775


Dividends payable

3,125


2,673


Current portion of long-term debt and merchant members' deposits in the guarantee fund

12,695


3,817


Total current liabilities

463,442


347,073

Long-term employee benefit obligations

18,980


16,802

Long-term debt

485,800


130,572

Merchant members' deposits in the guarantee fund

5,592


5,319

Other provisions

1,321


-

Derivative financial instruments

1,867


359

Deferred tax liabilities

19,901


4,385

TOTAL LIABILITIES

996,903


504,510

EQUITY




Share capital

97,585


96,924

Contributed surplus

4,885


4,260

Retained earnings

428,482


401,420

Accumulated other comprehensive loss

(18,080)


(30,242)

TOTAL EQUITY

512,872


472,362





TOTAL LIABILITIES AND EQUITY

1,509,775


976,872





 

SOURCE Uni-Select Inc.


These press releases may also interest you

at 02:17
Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK), an e-commerce platform serving the electronics manufacturing industry in China, announces that the Company has gradually overcome the impact of its tightened credit facilities. Its...

16 déc 2017
Pomerantz LLP announces that a class action lawsuit has been filed against Genocea Biosciences, Inc. ("Genocea" or the "Company") and certain of its officers.   The class action, filed in United States District Court, for the District of...

16 déc 2017
CalAtlantic Homes, one of the nation's largest homebuilders, today announced the debut of nine new home designs at Windsor Ridge in Joliet, IL. The public is invited to tour the stunning new model home and experience the thoughtful design details and...

16 déc 2017
CalAtlantic Homes, one of the nation's largest homebuilders, today announced the Grand Opening of Bluewood, the first master-planned community in the Celina Independent School District offering both high-end neighborhood amenities and an on-site...

16 déc 2017
Fred Jordan Missions is bringing Christmas to thousands of impoverished inner city children who will receive toys at Los Angeles' largest Christmas Toy Party Saturday, December 16 from 10:00am to 3:00pm.  Some of the toys that will be distributed...

16 déc 2017
CalAtlantic Homes, one of the nation's largest homebuilders, has announced the debut of Pescara, an enclave of 46 homes located within a gated community, just minutes from one of metro Phoenix's most vibrant employment corridors. Home shoppers can...




News published on 8 november 2017 at 19:45 and distributed by: