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Wiki Wiki Summary
Gross domestic product Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market.
Financial statement Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.\nRelevant financial information is presented in a structured manner and in a form which is easy to understand.
High Expectations High Expectations is the debut studio album by English singer and songwriter Mabel, released on 2 August 2019 by Polydor Records. Mabel worked with writers and producers such as Tre Jean-Marie, Steve Mac and MNEK to create the album, with its music incorporating genres of pop and R&B.\nUpon its release, High Expectations received generally positive reviews from music critics, many of whom complimented its production and the singer's vocals.
Research and development Research and development (R&D or R+D), known in Europe as research and technological development (RTD), is the set of innovative activities undertaken by corporations or governments in developing new services or products, and improving existing ones. Research and development constitutes the first stage of development of a potential new service or the production process.
Historical negationism Historical negationism, also called denialism, is falsification or distortion of the historical record. It should not be conflated with historical revisionism, a broader term that extends to newly evidenced, fairly reasoned academic reinterpretations of history.
Tacit assumption A tacit assumption or implicit assumption is an assumption that underlies a logical argument, course of action, decision, or judgment that is not explicitly voiced nor necessarily understood by the decision maker or judge. These assumptions may be made based on personal life experiences, and are not consciously apparent in the decision making environment.
Assumption of Mary The Assumption of Mary is one of the four Marian dogmas of the Catholic Church. (The word 'assumption' derives from the Latin word assūmptiō meaning "taking up").
The Walt Disney Company The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.\nDisney was originally founded on October 16, 1923, by brothers Walt and Roy O. Disney as the Disney Brothers Cartoon Studio; it also operated under the names the Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company in 1986.
Holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself.
The Weather Company The Weather Company is a weather forecasting and information technology company that owns and operates weather.com and Weather Underground. The Weather Company has been a subsidiary of the Watson & Cloud Platform business unit of IBM since 2016.
The Longaberger Company The Longaberger Company is an American manufacturer and distributor of handcrafted maple wood baskets and other home and lifestyle products. The company opened in 1973, was acquired in 2013 by CVSL, Inc., and closed in 2018.
Moody's Investors Service Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international financial research on bonds issued by commercial and government entities.
Historical revisionism In historiography, historical revisionism is the reinterpretation of a historical account. It usually involves challenging the orthodox (established, accepted or traditional) views held by professional scholars about a historical event or timespan or phenomenon, introducing contrary evidence, or reinterpreting the motivations and decisions of the people involved.
Learning difficulties Learning disability, learning disorder, or learning difficulty (British English) is a condition in the brain that causes difficulties comprehending or processing information and can be caused by several different factors. Given the "difficulty learning in a typical manner", this does not exclude the ability to learn in a different manner.
Degree of difficulty Degree of difficulty (DD, sometimes called tariff or grade) is a concept used in several sports and other competitions to indicate the technical difficulty of a skill, performance, or course, often as a factor in scoring. Sports which incorporate a degree of difficulty in scoring include bouldering, cross-country skiing, diving, equestrianism, figure skating, freestyle skiing, gymnastics, rhythmic gymnastics, surfing, synchronized swimming and trampoline.
Strengths and Difficulties Questionnaire The Strengths and Difficulties Questionnaire (SDQ) is a self-report inventory behavioral screening questionnaire for children and adolescents ages 2 through 17 years old, developed by United Kingdom child psychiatrist Robert N. Goodman. The SDQ has been translated into more than 80 languages, including Spanish, Chinese, Russian, and Portuguese.
Time value of money The time value of money is the widely accepted conjecture that there is greater benefit to receiving a sum of money now rather than an identical sum later. It may be seen as an implication of the later-developed concept of time preference.
The Consolidator The Consolidator; or, Memoirs of Sundry Transactions from the World in the Moon is a fictional adventure by Daniel Defoe published in 1705. It is a satirical novel that mixes fantasy with political and social satire.
Debt consolidation Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This commonly refers to a personal finance process of individuals addressing high consumer debt, but occasionally it can also refer to a country's fiscal approach to consolidate corporate debt or government debt.
Tissue paper Tissue paper or simply tissue is a lightweight paper or, light crêpe paper. Tissue can be made from recycled paper pulp on a paper machine.
Regulation Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context.
Balance sheet In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.
Financial law Financial law is the law and regulation of the insurance, derivatives, commercial banking, capital markets and investment management sectors. Understanding Financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally.
Financial analysis Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports.
Form 10-K A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a company's financial performance. Although similarly named, the annual report on Form 10-K is distinct from the often glossy "annual report to shareholders," which a company must send to its shareholders when it holds an annual meeting to elect directors (though some companies combine the annual report and the 10-K into one document).
Product design Product design as a verb is to create a new product to be sold by a business to its customers. A very broad coefficient and effective generation and development of ideas through a process that leads to new products.
Phase-gate process A phase-gate process (also referred to as a stage-gate process or waterfall process) is a project management technique in which an initiative or project (e.g., new product development, software development, process improvement, business change) is divided into distinct stages or phases, separated by decision points (known as gates).\nAt each gate, continuation is decided by (typically) a manager, steering committee, or governance board.
Product (business) In marketing, a product is an object, or system, or service made available for consumer use as of the consumer demand; it is anything that can be offered to a market to satisfy the desire or need of a customer. In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods.
Product manager A product manager (PM) is a professional role that is responsible for the development of products for an organization, known as the practice of product management. Product managers own the product strategy behind a product (physical or digital), specify its functional requirements, and manage feature releases.
NetScout Systems NETSCOUT Systems, Inc. (Nasdaq: NTCT) is a provider of application performance management and network performance management products located in Westford, Massachusetts.
Advanced Micro Devices Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets.
Historical materialism Historical materialism is Karl Marx's theory of history. Marx locates historical change in the rise of class societies and the way humans labour together to make their livelihoods.
Historical method The term historical method refers to the collection of techniques and guidelines that historians use to research and write histories of the past. Secondary sources, primary sources and material evidence such as that derived from archaeology may all be drawn on, and the historian's skill lies in identifying these sources, evaluating their relative authority, and combining their testimony appropriately in order to construct an accurate and reliable picture of past events and environments.
Institutional customers Institutional customers is a term used in the financial services industry to differentiate retail customers and corporate customers from other financial institutions such as banks, insurance companies, and investment management companies.\nIn several jurisdictions, financial institutions may be able to enter transactions under a more lax regulatory environment than the other customer categories.
Risk Factors
MINERALS TECHNOLOGIES INC Item 1A Risk Factors 6 Item 1A Risk Factors The disclosure and analysis set forth in this report contains certain forward-looking statements, particularly statements relating to future actions, future performance or results of current and anticipated products, sales efforts, expenditures, and financial results
From time to time, the Company also provides forward-looking statements in other publicly-released materials, both written and oral
Forward-looking statements provide current expectations and forecasts of future events such as new products, revenues and financial performance, and are not limited to describing historical or current facts
Forward-looking statements are necessarily based on assumptions, estimates and limited information available at the time they are made
A broad variety of risks and uncertainties, both known and unknown, as well as the inaccuracy of assumptions and estimates, can affect the realization of the expectations or forecasts in these statements
Consequently, no forward-looking statement can be guaranteed
Actual future results may vary materially
The Company undertakes no obligation to update any forward-looking statements
Investors should refer to the Companyapstas subsequent filings under the Securities Exchange Act of 1934 for further disclosures
As permitted by the Private Securities Litigation Reform Act of 1995, the Company is providing the following cautionary statements which identify factors that could cause the Companyapstas actual results to differ materially from historical and expected results
It is not possible to foresee or identify all such factors
Investors should not consider this list an exhaustive statement of all risks, uncertainties and potentially inaccurate assumptions
Historical Growth Rate Continuance of the historical growth rate of the Company depends upon a number of uncertain events, including the outcome of the Companyapstas strategies of increasing its penetration into geographic markets such as Asia and Europe; increasing its penetration into product markets such as the market for paper coating pigments and the market for groundwood paper pigments; increasing sales to existing PCC customers by increasing the amount of PCC used per ton of paper produced; and developing, introducing and selling new products; and acquisitions
Difficulties, delays or failure of any of these strategies could cause the future growth rate of the Company to differ materially from its historical growth rate
Contract Renewals Generally, the Companyapstas sales of PCC are predominantly pursuant to long-term evergreen agreements, initially ten years in length, with paper mills at which the Company operates satellite PCC plants
The terms of many of these agreements generally have been extended, often in connection with an expansion of the satellite plant
Failure of a number of the Companyapstas customers to renew existing agreements on terms as favorable to the Company as those currently in effect could cause the future growth rate of the Company to differ materially from its historical growth rate, could have a substantial adverse effect on the Companyapstas results of operations, and could also result in impairment of the assets associated with the PCC plant
Consolidation in Customer Industries, Principally Paper and Steel Several consolidations in the paper industry have taken place in recent years
These consolidations could result in partial or total closure of some paper mills at which the Company operates PCC satellites
Such closures would reduce the Companyapstas sales of PCC, except to the extent that they resulted in shifting paper production and associated purchases of PCC to another location served by the Company
There can be no assurance, however, that this will occur
Similarly, following a string of bankruptcies, consolidations have occurred in the steel industry
Such consolidations in the two major industries we serve concentrate purchasing power in the hands of a smaller number of papermakers and steel manufacturers, enabling them to increase pressure on suppliers, such as the Company
This increased pressure could have an adverse effect on the Companyapstas results of operations in the future
Litigation; Environmental Exposures The Companyapstas operations are subject to international, federal, state and local governmental, tax and other laws and regulations, and potentially to claims for various legal, environmental and tax matters
The Company is currently a party in various litigation matters
While the Company carries liability insurance, which it believes to be appropriate to its businesses, and has provided reserves for such matters ,which it believes to be adequate, an unanticipated liability, arising out of such a litigation matter or a tax or environmental proceeding could have a material adverse effect on the Companyapstas financial condition or results of operations
In addition, future events, such as changes in or modifications or interpretations of existing laws and regulations, or enforcement polices, or further investigation or evaluation of the potential health hazards of certain products may give rise to additional compliance and other costs that could have a material adverse effect on the Company
New Products The Company is engaged in a continuous effort to develop new products and processes in all of its product lines
Difficulties, delays or failures in the development, testing, production, marketing or sale of such new products could cause actual results of operations to differ materially from our expected results
Competition; Protection of Intellectual Property Particularly in its PCC and Refractory product lines, the Companyapstas ability to compete is based in part upon proprietary knowledge, both patented and unpatented
The Companyapstas ability to achieve anticipated results depends in part on its ability to defend its intellectual property against inappropriate disclosure as well as against infringement
In addition, development by the Companyapstas competitors of new products or technologies that are more effective or less expensive than those the Company offers could have a material adverse effect on the Companyapstas financial condition or results of operations
Risks of Doing Business Abroad As the Company expands its operations overseas, it faces the increased risks of doing business abroad, including inflation, fluctuation in interest rates and currency exchange rates, changes in applicable laws and regulatory requirements, export and import restrictions, tariffs, nationalization, expropriation, limits on repatriation of funds, civil unrest, terrorism, unstable governments and legal systems, and other factors
Adverse developments in any of these areas could cause actual results to differ materially from historical and expected results
Availability of Raw Materials The Companyapstas ability to achieve anticipated results depends in part on having an adequate supply of raw materials for its manufacturing operations, particularly lime and carbon dioxide for the PCC product line, magnesia for Refractory operations and talc ore for the Processed Minerals product line, and on having adequate access to ore reserves at its mining operations
Unanticipated changes in the costs or availability of such raw materials, or in the Companyapstas ability to have access to its ore reserves, could adversely affect the Companyapstas results of operations
Cyclical Nature of Customers &apos Businesses The majority of the Companyapstas sales are to customers in two industries, paper manufacturing and steel manufacturing, which have historically been cyclical
The Companyapstas exposure to variations in its customers &apos businesses has been reduced in recent years by the growth in the number of plants it operates; by the diversification of its portfolio of products and services; and by its geographic expansion
Also, the Company has structured some of its long-term satellite PCC contracts to provide a degree of protection against declines in the quantity of product purchased, since the price per ton of PCC generally rises as the number of tons purchased declines
In addition, many of the Companyapstas product lines lower its customers &apos costs of production or increase their productivity, which should encourage them to use its products
However, a sustained economic downturn in one or more of the industries or geographic regions that the Company serves, or in the worldwide economy, could cause actual results of operations to differ materially from historical and expected results