Startek Reports First Quarter 2021 Financial Results
Tuesday, May 11, 2021 8:10PM IST (2:40PM GMT)
- Demand Strength and Operational Momentum Drive Continued Growth Across Net Revenue, Adjusted EBITDA and Adjusted Net Income -
Greenwood Village, Colo., United States:
Startek, Inc. (NYSE:SRT) ( Startek or the Company ), a global provider of customer experience management solutions, is reporting financial results for the first quarter ended March 31, 2021.
First Quarter 2021 Financial Highlights
($ in millions, excl. margin items)
[2] Reflects Adjusted net income (loss) attributable to Startek shareholders.
[3] Refer to the note below about Non-GAAP financial measures.
Management Commentary
“Our first quarter results demonstrate the continued benefits of the operational improvements and efficiencies we implemented throughout last year,” said Aparup Sengupta, Executive Chai
1
On September 16, 2019, the Company completed its acquisition of Golub Capital Investment Corporation ( GCIC ). The merger was accounted for under the asset acquisition method of accounting in accordance with Accounting Standards Codification 805-50, Business Combinations Related Issues. Under asset acquisition accounting, where the consideration paid to GCIC s stockholders exceeded the relative fair values of the assets acquired, the premium paid by the Company was allocated to the cost of the GCIC assets acquired by the Company pro-rata based on their relative fair value. Immediately following the acquisition of GCIC, the Company recorded its assets at their respective fair values and, as a result, the purchase premium allocated to the cost basis of the GCIC assets acquired was immediately recognized as unrealized depreciation on the Company s Consolidated Statement of Operations. The purchase premium allocated to investments in loan securities acquired from GCIC will
Executive Overview
We are a bank holding company incorporated in the State of Washington which owns
one subsidiary bank, Banner Bank. Banner Bank is a Washington-chartered
commercial bank that. | May 6, 2021
Record Adjusted EBITDA & Adjusted EBITDA Margin
BMC Integration and Cost Savings Ahead of Plan
Acquired John’s Lumber, Premier Building Distributor Serving Michigan
DALLAS, May 06, 2021 (GLOBE NEWSWIRE)
Builders FirstSource, Inc. (Nasdaq: BLDR) today reported its results for the first quarter ended March 31, 2021. In January 2021, the Company closed the BMC all-stock merger creating the nation’s premier supplier of building materials and services.
First Quarter 2021 BFS Highlights (includes BMC in Q1 2021 and not in Q1 2020)
All Year-Over-Year Comparisons Unless Otherwise Noted:
Net sales of $4.2 billion for the quarter increased 133.6% driven by the merger with BMC, commodity inflation, and strong organic growth