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News Article | April 25, 2017
Site: www.businesswire.com

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI), a leading global marketer of everyday basic apparel under world-class brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per share to be paid June 6, 2017, for stockholders of record at the close of business May 16, 2017. The cash dividend is the 17th consecutive quarterly return of cash to stockholders. The company has returned more than $500 million in quarterly cash dividends to stockholders since initiating its program in April 2013. HanesBrands is a socially responsible leading marketer of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia-Pacific. The company markets its products under some of the world’s strongest apparel brands, including Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Berlei, and Gear for Sports. The company sells T-shirts, bras, panties, shapewear, underwear, socks, hosiery, and activewear produced in the company’s low-cost global supply chain. More information about the company and its corporate social responsibility initiatives, including environmental, social compliance and community improvement achievements, may be found at www.Hanes.com/corporate. Connect with HanesBrands via social media on Twitter (@hanesbrands) and Facebook (www.facebook.com/hanesbrandsinc).


News Article | May 2, 2017
Site: www.businesswire.com

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI), a leading global marketer of everyday basic apparel under world-class brands, today announced first-quarter 2017 results and launched a multiyear initiative to increase investment for growth, reduce costs, and drive cash flow. The growth initiative, called Project Booster, is expected to drive the company’s Sell More, Spend Less, Generate Cash business strategy. By 2020, the effort is expected to generate approximately $300 million of incremental annual net cash from operations and $100 million in annualized net cost savings after annualized growth reinvestment of $50 million. Incremental growth efforts will focus on leveraging the company’s global Champion activewear business, increasing global online and omnichannel sales, and investing in brand building. The project launched in the first quarter and is expected to be neutral to full-year operating results in 2017, while providing significant benefits in coming years. “We are off to the strong start of 2017 that we sought,” said Hanes Chief Executive Officer Gerald W. Evans Jr. “We had one of our best first quarters for cash flow as we executed a disciplined working capital plan. Acquisitions, our Champion brand and online sales are contributing to growth as we weather expected challenges in the retail environment. In addition, we are pleased to launch Project Booster, which we believe provides a clear roadmap to accelerating growth and value creation.” For the first quarter ended April 1, 2017, net sales of $1.38 billion increased 13 percent on acquisition contributions. Sales for the Activewear and International segments increased, while sales decreased as expected for the Innerwear segment and manage-for-cash businesses. On a GAAP basis for continuing operations, first-quarter operating profit of $121 million decreased 1 percent and EPS of $0.19 decreased 10 percent. When excluding pretax charges related to acquisition integrations, adjusted operating profit of $160 million increased 9 percent and adjusted EPS of $0.29 increased 12 percent. (See Note on Adjusted Measures and Reconciliation to GAAP Measures below for additional discussion and details.) Net cash from operations improved by $262 million in the first quarter compared with a year ago – a use of cash of $23 million this year versus a use of $285 million a year ago. Growth from Acquisitions, while Global Champion Activewear and Online Sales Increase. As indicated in the company’s first-quarter guidance, the sales from acquisitions more than offset the decline in organic sales, which was expected. Acquisitions completed in 2016 contributed approximately $210 million in net sales in the quarter. Organic sales decreased 4 percent, primarily as a result of the expected lower sales in Innerwear, which are anticipated to normalize in the second half, and domestic manage-for-cash businesses. Categories and businesses that posted organic sales growth included Champion in the United States and Asia, U.S. men’s underwear, and the U.S. online channel. The online sales channel in the United States accounted for 10 percent of domestic sales, compared with 9 percent in the year-ago quarter. Segment Realignment Matches Business Model. In the first quarter of 2017, the company realigned its reporting segments to reflect the new model under which the business will be managed and results will be reviewed. The former Direct to Consumer segment, which consisted of outlet stores, the legacy catalog business and retail Internet operations in the United States, was eliminated. With the realignment, the company’s U.S. retail Internet operations, which sell products directly to consumers, are reported in the respective Innerwear and Activewear segments. The Other category consists of the U.S. businesses for outlet stores, hosiery (previously reported in the Innerwear segment), and legacy catalog operations. Prior-year segment sales and operating profit results have been revised to conform to the current year presentation. Segment Results Reflect Acquisition Contributions, Retail and Online Environment, and Overhead Reduction Efforts. In the first quarter, Hanes incurred Project Booster-related expense of approximately $7 million to execute a voluntary separation program for corporate employees. The expense allocation is represented in the segment operating-profit results. Other highlights for segment results include: In the first quarter, Hanes began executing its multiyear Project Booster program to drive investment for sales growth, cost reduction and increased cash flow. The Booster initiative is expected to generate approximately $150 million in annualized cost savings. The company expects to reinvest approximately $50 million of the savings in targeted growth opportunities, which would result in a run rate of net annualized savings of approximately $100 million starting by the end of 2019. Project Booster cost savings and working capital initiatives are expected to generate an incremental annual run rate of $300 million of cash from operations starting by the end of 2019. “Our core Sell More, Spend Less, Generate Cash strategy is effective and creating value, but we feel we have the opportunity to energize these efforts to drive additional benefits, particularly by taking advantage of the strong global commercial and supply chain scale we have created through acquisitions,” Evans said. “Project Booster will unlock value beyond our ongoing growth efforts and the synergies we are reaping from acquisition integrations.” Under Project Booster, the company will invest to accelerate worldwide omnichannel and global Champion growth, while also investing in marketing and brand building for its leading lineup of brands globally. The company intends to bolster its organizational alignment and capabilities to take advantage of additional growth potential in the online channel in the United States and its international company retail and online operations. The company’s U.S. sales through the online channel, including retailer websites, pure-play Internet retailers, and company-owned websites, are increasing at double-digit rates. Last year, the online channel represented 8 percent of U.S. sales, up from 7 percent the year before. Internationally, the company has more than 650 stores and other retail locations, particularly in Europe and Australia, and is ramping up online capabilities. Through the acquisition of Champion Europe, Hanes has unified the Champion brand globally across the Americas, Europe and Asia-Pacific. The company will invest to take advantage of its global brand platform, product development and design, to continue drive increased market penetration for Champion worldwide. The company will also increase its investment in brand building for the rest of its leading global portfolio, including multinational brands and regional brands. The company holds the No. 1 or No. 2 market position in either underwear, intimates, hosiery or activewear in 12 countries. Investment will include brand building and marketing support. To fund growth initiatives, reduce costs and increase cash flow, the company expects to reduce overhead, including headcount to reflect market trends and needs; drive additional supply chain optimization beyond integration synergies; and focus on inventory and inventory turns and other working capital improvements. The company intends to use its size and scale to drive supply chain optimization, including investing in its domestic distribution center network to better serve the online channel, gaining procurement and product development savings, utilizing global fabric platforms and silhouettes, and continuing to internalize production. In the first quarter, the company offered headquarters employees a voluntary separation program and in the second quarter is making additional corporate headcount reductions. In total, approximately 220 corporate employees are being separated, with the majority through the voluntary program. Project Booster initiatives in 2017, including the headcount reductions, are expected to be cost-neutral for full-year 2017. Hanes issued initial full-year guidance for 2017 in February and reaffirmed guidance in April. The company has issued second-quarter guidance for select performance measures. For 2017, the company continues to expect net sales of $6.45 billion to $6.55 billion, GAAP operating profit of $845 million to $895 million, adjusted operating profit excluding actions of $935 million to $975 million, GAAP EPS for continuing operations of $1.70 to $1.82, adjusted EPS excluding actions for continuing operations of $1.93 to $2.03, and record net cash from operations of $625 million to $725 million. Compared with 2016 results, the midpoint of 2017 guidance represents net sales growth of 8 percent, GAAP operating profit growth of 12 percent, adjusted operating profit growth of 5 percent, GAAP EPS growth from continuing operations of 26 percent, adjusted EPS growth from continuing operations of 7 percent, and operating cash flow growth of 11 percent. Factors Affecting Cadence of Guidance. Full-year net sales guidance includes expected incremental sales from acquisitions of approximately $420 million to $430 million, primarily in the first half. Organic sales growth is expected to range from flat to up 2 percent, with Innerwear sales trends expected to normalize in the third quarter and full-year segment sales comparable to 2016. Second-Quarter Guidance. The company expects total net sales of approximately $1.65 billion in the second quarter. Acquisitions are expected to contribute approximately $200 million in net sales, while organic sales are expected to decline as a result of the retail sales environment and a timing shift of back-to-school shipments. More back-to-school shipments are expected to fall in the third quarter than a year ago as retailers time orders closer to sales events. Second-quarter GAAP EPS for continuing operations is expected to be $0.45 to $0.49, and adjusted EPS is expected to be $0.51 to $0.54. The company expects approximately 370 million weighted average diluted shares outstanding. As part of Project Booster, the company expects to incur Project Booster expense of approximately $8 million in the second quarter. In total, with savings being realized by the end of the year, the Project Booster efforts are expected to be cost neutral for 2017. Additional Full-Year Guidance. The company expects approximately $15 million in synergy cost benefits in 2017, primarily from the acquisitions of Hanes Europe Innerwear and Knights Apparel. The company realized approximately $5 million of synergies in the first quarter. Synergies from the Hanes Australasia (Pacific Brands) and Champion Europe acquisitions are expected to substantially begin in 2018. In conjunction with acquisition integration in 2017, the company continues to expect to incur an estimated $80 million to $90 million of pretax charges for actions related primarily to Hanes Europe Innerwear, Knights Apparel, Hanes Australasia, Champion Europe, and supply chain rebalancing as a result of the acquisition integrations. Guidance for operating cash flow growth in 2017 includes the expected benefits from net income growth and lower pretax cash charges related to acquisitions. The company continues to expect capital expenditures of approximately $90 million to $100 million in 2017. The company is not required to make a pension contribution in 2017 and does not anticipate making a voluntary contribution, compared with a $40 million voluntary contribution in 2016. Hanes continues to expect interest expense and other expenses to be approximately $175 million combined, an increase of $18 million as a result of acquisition-related borrowing in 2016. The 2017 full-year tax rate is expected to be comparable to 2016, assuming no changes to U.S. tax law and policy. The company made share repurchases of approximately $300 million in the first quarter and expects approximately 370 million weighted average diluted shares outstanding for the full year and second, third and fourth quarters. Hanes has updated its quarterly frequently-asked-questions document, which is available at www.Hanes.com/faq. Note on Adjusted Measures and Reconciliation to GAAP Measures To supplement our financial guidance prepared in accordance with generally accepted accounting principles, we provide quarterly and full-year results and guidance concerning certain non-GAAP financial measures, including adjusted EPS, adjusted net income, adjusted operating profit (and margin), adjusted SG&A, adjusted gross profit (and margin) and EBITDA. Adjusted EPS is defined as diluted EPS excluding actions and the tax effect on actions. Adjusted net income is defined as net income excluding actions and the tax effect on actions. Adjusted operating profit is defined as operating profit excluding actions. Adjusted gross profit is defined as gross profit excluding actions. Adjusted SG&A is defined as selling, general and administrative expenses excluding actions. EBITDA is defined as earnings before interest, taxes, depreciation and amortization. Actions during the periods presented include adjustments for acquisition-related integration costs. Acquisition-related integration costs include adjustments directly related to completed acquisitions and their integration. These costs include legal fees, consulting fees, bank fees, severance costs, certain purchase accounting items, facility closures, inventory write-offs, information technology integration costs, and similar charges. While these costs are not operational in nature and are not expected to continue for any singular transaction on an ongoing basis, similar types of costs, expenses and charges have occurred in prior periods and may recur in the future as the company continues to integrate prior acquisitions and pursues any future acquisitions. Hanes has chosen to present non-GAAP measures excluding the effects of these actions to investors to enable additional analyses of past, present and future operating performance and as a supplemental means of evaluating operations absent the effect of acquisition-related expenses and other actions. Hanes believes these non-GAAP measures provide management and investors with valuable supplemental information for analyzing the operating performance of the company’s ongoing business during each period presented without giving effect to costs associated with the execution and integration of any of the aforementioned actions taken. In addition to these non-GAAP measures, the company has chosen to present EBITDA to investors because it considers it to be an important supplemental means of evaluating operating performance. Hanes believes that EBITDA is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the industry, and management uses EBITDA for planning purposes in connection with setting its capital allocation strategy. EBITDA should not, however, be considered as a measure of discretionary cash available to invest in the growth of the business. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as an alternative to, or substitute for, financial results prepared in accordance with GAAP. Further, the non-GAAP measures presented may be different from non-GAAP measures with similar or identical names presented by other companies. In the first quarter of 2017, Hanes incurred approximately $38 million in pretax charges related to acquisitions and integrations (primarily Hanes Europe Innerwear, Hanes Australasia, Knights Apparel, and Champion Europe). In the first quarter of 2016, Hanes incurred approximately $25 million in pretax charges related to acquisition-related financing and integrations (Hanes Europe Innerwear, Knights Apparel, and Champion Japan). Hanes expects to incur approximately $80 million to $90 million in pretax charges in 2017 related to acquisition integrations of Hanes Europe Innerwear, Hanes Australasia, Knights Apparel, and Champion Europe, along with an effective tax rate comparable to 2016, assuming no changes to U.S. tax law and policy. In the second quarter of 2017, Hanes expects approximately $20 million to $25 million in pretax charges related to acquisition integrations. Hanes will host an internet webcast of its quarterly investor conference call at 4:30 p.m. EDT today. The broadcast, which will consist of prepared remarks followed by a question-and-answer session, may be accessed at www.Hanes.com/investors. The call is expected to conclude by 5:30 p.m. An archived replay of the conference call webcast will be available at www.Hanes.com/investors. A telephone playback will be available from approximately 7:30 p.m. EDT today through midnight EDT May 9, 2017. The replay will be available by calling toll-free (855) 859-2056, or by toll call at (404) 537-3406. The replay pass code is 7660290. Cautionary Statement Concerning Forward-Looking Statements This press release contains certain “forward-looking statements,” as defined under U.S. federal securities laws, with respect to our long-term goals and trends associated with our business, as well as guidance as to future performance. In particular, among others, statements following the heading “2017 Financial Guidance,” as well as statements about the benefits anticipated from Project Booster, the acquisitions of Hanes Europe Innerwear, Hanes Australasia, Knights Apparel and Champion Europe, and assumptions regarding consumer behavior, foreign exchange rates and U.S. tax law and policy are forward-looking statements. These forward-looking statements are based on our current intent, beliefs, plans and expectations. Readers are cautioned not to place any undue reliance on any forward-looking statements. Forward-looking statements necessarily involve risks and uncertainties, many of which are outside of our control, that could cause actual results to differ materially from such statements and from our historical results and experience. These risks and uncertainties include such things as: the highly competitive and evolving nature of the industry in which we compete; any inadequacy, interruption, integration failure or security failure with respect to our information technology; significant fluctuations in foreign exchange rates; the rapidly changing retail environment; our complex multinational tax structure; our ability to properly manage strategic projects; our ability to attract and retain a senior management team with the core competencies needed to support our growth in global markets; risks related to our international operations, including the impact to our business as a result of the United Kingdom’s recent referendum to leave the European Union; the impact of significant fluctuations and volatility in various input costs, such as cotton and oil-related materials, utilities, freight and wages; our ability to access sufficient capital at reasonable rates or commercially reasonable terms or to maintain sufficient liquidity in the amounts and at the times needed; and other risks identified from time to time in our most recent Securities and Exchange Commission reports, including our annual report on Form 10-K and quarterly reports on Form 10-Q. Since it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results, the above list should not be considered a complete list. Any forward-looking statement speaks only as of the date on which such statement is made, and HanesBrands undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, other than as required by law. HanesBrands, based in Winston-Salem, N.C., is a socially responsible leading marketer of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia-Pacific under some of the world’s strongest apparel brands, including Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Berlei, and Gear for Sports. The company sells T-shirts, bras, panties, shapewear, underwear, socks, hosiery, and activewear produced in the company’s low-cost global supply chain. A member of the S&P 500 stock index, Hanes has approximately 68,000 employees in more than 40 countries and is ranked No. 448 on the Fortune 500 list of America’s largest companies by sales. Hanes takes pride in its strong reputation for ethical business practices. The company is the only apparel producer to ever be honored by the Great Place to Work Institute for its workplace practices in Central America and the Caribbean, and is ranked No. 167 on the Forbes magazine list of America’s Best Employers. For seven consecutive years, Hanes has won the U.S. Environmental Protection Agency Energy Star sustained excellence/partner of the year award – the only apparel company to earn sustained excellence honors. The company ranks No. 172 on Newsweek magazine’s green list of 500 largest U.S. companies for environmental achievement. More information about the company and its corporate social responsibility initiatives, including environmental, social compliance and community improvement achievements, may be found at www.Hanes.com/corporate. Connect with HanesBrands via social media on Facebook (www.facebook.com/hanesbrandsinc) and Twitter (@hanesbrands).


News Article | April 17, 2017
Site: www.businesswire.com

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI), a leading marketer of everyday basic innerwear and activewear apparel under world-class brands in the Americas, Europe and Asia-Pacific, today released the company’s 2016 environmental performance data on energy use, carbon dioxide emissions, water use, renewable energy and landfill diversion. Compared with its 2007 baseline, the company reduced its energy use by 16 percent, carbon emissions by 16 percent and water use by 25 percent. Hanes also shifted 25 percent of the energy the company uses to renewable sources and diverted 84 percent – or 118 million pounds – of waste from its company-owned supply chain from landfills. Hanes is committed to meeting its aggressive 2020 commitments to reduce energy use by 40 percent, carbon dioxide emissions by 40 percent and water use by 50 percent, along with securing at least 40 percent of its energy from renewable sources and diverting 100 percent of waste in its company-owned supply chain from landfills. “We are proud of the culture of environmental responsibility that we’ve established at HanesBrands during the past decade,” said Michael E. Faircloth, Hanes’ president and chief global supply chain and information technology officer. “It unifies our 67,000 global employees, enables us to make progress during economically challenging years and creates a win-win-win for the environment we all share, our communities and our company. “We have made significant progress in addressing our environmental impact, but there is always room for improvement when you set the bar high,” Faircloth continued. “And we are committed to continuing to make a positive and lasting contribution to our world in the years to come.” Hanes reports energy and water use, along with carbon emissions, based on “intensity” – or per pound of apparel manufactured. Year-over-year comparisons for energy, water and carbon emissions were less favorable, due to a strategic decision in 2016 to reduce inventories. Versus 2015, the company’s energy use was up 8 percent, water use up 8 percent and carbon emissions up 4 percent, due to less production volume to absorb fixed energy and water use. On an absolute basis, the total amount of energy and water used was down, with carbon emissions showing a slight uptick. Hanes – unique in the apparel industry because it owns the significant majority of its manufacturing and supply chain operations – was recognized last year by multiple organizations for its environmental-footprint reduction efforts. In 2016, this included: For more information on Hanes’ award-winning environmental sustainability efforts, visit www.HanesForGood.com. HanesBrands, based in Winston-Salem, N.C., is a socially responsible leading marketer of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia-Pacific under some of the world’s strongest apparel brands, including Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Berlei, and Gear for Sports. The company sells T-shirts, bras, panties, shapewear, underwear, socks, hosiery, and activewear produced in the company’s low-cost global supply chain. A member of the S&P 500 stock index, Hanes has approximately 68,000 employees in more than 40 countries and is ranked No. 448 on the Fortune 500 list of America’s largest companies by sales. Hanes takes pride in its strong reputation for ethical business practices. The company is the only apparel producer to ever be honored by the Great Place to Work Institute for its workplace practices in Central America and the Caribbean, and is ranked No. 167 on the Forbes magazine list of America’s Best Large Employers. For eight consecutive years, Hanes has won the U.S. Environmental Protection Agency Energy Star sustained excellence/partner of the year award – the only apparel company to earn sustained excellence honors. The company ranks No. 172 on Newsweek magazine’s green list of 500 largest U.S. companies for environmental achievement. More information about the company and its corporate social responsibility initiatives, including environmental, social compliance and community improvement achievements, may be found at www.Hanes.com/corporate. Connect with HanesBrands via social media on Facebook (www.facebook.com/hanesbrandsinc) and Twitter (@hanesbrands).


WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI) a leading marketer of everyday basic innerwear and activewear apparel under world-class brands in the Americas, Europe and Asia-Pacific, has earned its eighth consecutive U.S. Environmental Protection Agency Energy Star Partner of the Year award for sustained excellence in energy conservation, carbon emissions reduction and environmental sustainability. Javier Chacon, chief global manufacturing operations officer, and a team from Hanes is attending today’s annual Energy Star awards banquet in Washington, D.C., to accept the award and participate in collaborative meetings to share best practices with other companies that have earned Energy Star recognition, including The Boeing Company, Colgate-Palmolive Company and General Motors Company. Energy Star was introduced by the EPA in 1992 as a voluntary, market-based partnership to reduce greenhouse gas emissions through increased efficiency. The annual Energy Star Partner of the Year award honors organizations that have made outstanding contributions to protect the environment through best practices and organization-wide energy savings. Hanes is the only apparel company to be honored for sustained excellence by the program in its 25-year history. Hanes – unique in the apparel industry because it owns the significant majority of its manufacturing and supply chain operations – is being recognized by the Energy Star program for 2016 accomplishments, including: “HanesBrands is very honored to earn our eighth consecutive Energy Star Partner of the Year award, and all of the credit goes to each of our more than 68,000 worldwide employees who are committed to energy management and environmental responsibility,” said Chacon, who will accept the award on behalf of the company. “We have made significant progress in reducing our environmental footprint, but remain steadfast in our drive to achieve the company’s 2020 goals. Doing so is a win-win-win for the environment we all share, the communities in which we operate, and our company and its stakeholders.” Hanes recently released the company’s 2016 environmental performance data on energy use, carbon dioxide emissions, water use, renewable energy and landfill diversion. Compared with its 2007 baseline, the company reduced its energy use by 16 percent, carbon emissions by 16 percent and water use by 25 percent. Hanes also shifted 25 percent of the energy the company uses to renewable sources, including biomass, hydroelectric and geothermal, and diverted 84 percent – or 118 million pounds – of waste from its company-owned supply chain from landfills. For more information on Hanes’ award-winning environmental sustainability efforts, visit Hanes For Good. For more information about the U.S. EPA Energy Star program, visit energystar.gov. HanesBrands, based in Winston-Salem, N.C., is a socially responsible leading marketer of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia-Pacific under some of the world’s strongest apparel brands, including Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Berlei, and Gear for Sports. The company sells T-shirts, bras, panties, shapewear, underwear, socks, hosiery, and activewear produced in the company’s low-cost global supply chain. A member of the S&P 500 stock index, Hanes has approximately 68,000 employees in more than 40 countries and is ranked No. 448 on the Fortune 500 list of America’s largest companies by sales. Hanes takes pride in its strong reputation for ethical business practices. The company is the only apparel producer to ever be honored by the Great Place to Work Institute for its workplace practices in Central America and the Caribbean, and is ranked No. 167 on the Forbes magazine list of America’s Best Large Employers. For eight consecutive years, Hanes has won the U.S. Environmental Protection Agency Energy Star sustained excellence/partner of the year award – the only apparel company to earn sustained excellence honors. The company ranks No. 172 on Newsweek magazine’s green list of 500 largest U.S. companies for environmental achievement. More information about the company and its corporate social responsibility initiatives, including environmental, social compliance and community improvement achievements, may be found at www.Hanes.com/corporate. Connect with HanesBrands via social media on Facebook (www.facebook.com/hanesbrandsinc) and Twitter (@hanesbrands).


News Article | April 20, 2017
Site: www.businesswire.com

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--As Earth Day approaches, Hanes, America’s No. 1 apparel brand, today announced that it is partnering with Give Back Box® to encourage consumers to “Give Back for Good” by reducing waste, giving their old clothes new life and helping those in need. Give Back Box is an online service that coordinates the shipping of gently used outerwear and shoe donations, along with other household items, to local charities across the United States. The service encourages consumers to fill boxes from online purchases – or any shippable box – with unwanted items, print a pre-paid label on the Give Back Box site and send to those in need. In celebration of Earth Day, Hanes will donate a package of underwear to The Salvation Army for every package its consumers ship via Give Back Box through www.hanes.com/givebackbox. The brand, which is also providing consumers who participate a 20 percent online discount, is supporting the Give Back for Good campaign through a robust influencer marketing and social media program. All content generated by the brand and bloggers include the hashtag #UnderwearOnUs to drive awareness of Give Back Box and Hanes’ pledge to contribute to the cause by donating up to 1,000 packages of underwear. Hanes is the largest – and flagship – brand of HanesBrands (NYSE:HBI), a worldwide apparel leader recognized for its environmental commitments and achievements, social responsibility and community philanthropy. “We’re proud of our culture of environmental and social responsibility established at HanesBrands during the past decade,” said Sidney Falken, HanesBrands’ chief branding officer. “We believe in being good stewards of the environment we share and the communities in which we operate. This partnership with Give Back Box helps us to do both while promoting the importance of recycling and taking care of those who need it most.” Give Back Box Founder and CEO Monika Wiela said, “We’re very proud to begin our partnership with Hanes. Knowing that the brand can be found in more than 80 percent of United States households helps Give Back Box reach even more people in our ongoing effort to positively impact both the environment and charities.” Give Back for Good is part of Hanes for Good, the company’s corporate social responsibility program that includes an emphasis on environmental stewardship. HanesBrands is unique in the apparel industry because it owns the significant majority of its manufacturing and supply chain operations. In 2016, the company was recognized by multiple organizations, including Newsweek Magazine, the U.S. Environmental Protection Agency’s Energy Star program, CDP, Corporate Social Responsibility Magazine and Ethical Corporation, for its environmental-footprint reduction efforts. For additional information on the Give Back for Good campaign, visit www.hanes.com/givebackbox. Hanes Hanes, America’s No. 1 apparel brand, is a leading brand of intimate apparel, underwear, sleepwear, socks and casual apparel. Hanes products can be found at leading retailers nationwide and online direct to consumers at www.Hanes.com. Hanes is a flagship brand of HanesBrands (NYSE: HBI). HanesBrands HanesBrands, based in Winston-Salem, N.C., is a socially responsible leading marketer of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia-Pacific under some of the world’s strongest apparel brands, including Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Berlei, and Gear for Sports. The company sells T-shirts, bras, panties, shapewear, underwear, socks, hosiery, and activewear produced in the company’s low-cost global supply chain. A member of the S&P 500 stock index, Hanes has approximately 68,000 employees in more than 40 countries and is ranked No. 448 on the Fortune 500 list of America’s largest companies by sales. Hanes takes pride in its strong reputation for ethical business practices. The company is the only apparel producer to ever be honored by the Great Place to Work Institute for its workplace practices in Central America and the Caribbean, and is ranked No. 167 on the Forbes magazine list of America’s Best Large Employers. For eight consecutive years, Hanes has won the U.S. Environmental Protection Agency Energy Star sustained excellence/partner of the year award – the only apparel company to earn sustained excellence honors. The company ranks No. 172 on Newsweek magazine’s green list of 500 largest U.S. companies for environmental achievement. More information about the company and its corporate social responsibility initiatives, including environmental, social compliance and community improvement achievements, may be found at www.Hanes.com/corporate. Connect with HanesBrands via social media on Facebook (www.facebook.com/hanesbrandsinc) and Twitter (@hanesbrands). Give Back Box® was founded in 2012 by Monika Wiela. The company has partnered with online retailers to make donating easier. Using Give Back Box®, anyone can donate items they no longer need to charity with ease and bring new life to their empty boxes. Donations go directly to nearby participating charitable organization using a free shipping label and empty box. Donation helps to support a variety of programs by various charitable organizations that create stronger families and communities.


News Article | May 25, 2017
Site: www.prnewswire.com

"This project will enable us to provide our customers with value-added products as part of the company's long-term strategy for profitable growth," said John Farris, Vice President & General Manager of Nucor Steel Gallatin. "We are proud to make this investment in the Ghent community and the State of Kentucky. We would like to thank Governor Matt Bevin, our local officials, East Kentucky Power Cooperative and Owen Electric, our teammates and the entire community for their support." The 72-inch galvanizing line will be the widest hot-rolled galvanizing line in North America. This new line will create synergies with Nucor's other sheet mills and increase the company's market share of coated steel in the Midwest. Once the necessary approvals are obtained, it is expected to take two years to construct the galvanizing line and begin operations. The hot band galvanizing project will create 75 new full-time jobs. Approximately 430 teammates currently work at the mill. Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada.  Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh.  Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler. Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties.  The words "believe," "expect," "project," "will," "should," "could" and similar expressions are intended to identify those forward-looking statements.  Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including competition from imports and substitute materials; (2) the sensitivity of the results of our operations to prevailing steel prices and the changes in the supply and cost of raw materials, including scrap steel; (3) market demand for steel products; and (4) energy costs and availability.  These and other factors are discussed in Nucor's regulatory filings with the Securities and Exchange Commission, including those in Nucor's fiscal 2016 Annual Report on Form 10-K, Item 1A. Risk Factors.  The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nucor-to-build-galvanizing-line-at-its-kentucky-sheet-mill-300463999.html


Kidney transplantation is a critical, life-saving procedure for patients with end stage renal disease that involves a surgical operation in which a person receives a kidney from another person.  Delayed Graft Function (DGF), where a transplanted kidney does not function as expected after surgery, is a major challenge in kidney transplantation, with an incidence rate as high as 55% in certain patient groups.  DGF substantially increases the challenges associated with post-transplant management, leading to inferior short- and long-term graft (transplanted kidney) survival and patient survival, longer hospital stays, and higher costs.  Despite these factors, there is a dearth of approved therapies for DGF. About HBI-002 Hillhurst's lead product, HBI-002, is a proprietary investigational drug product designed to augment the protective cellular heme oxygenase metabolic pathway to limit tissue inflammation and injury.  HBI-002 is an orally dosed therapeutic enabling acute and chronic use for patients suffering from conditions associated with inflammation and cell death, such as kidney transplantation, sickle cell disease, and acute cerebral injury, among others. About Hillhurst Hillhurst is a biopharmaceutical company focused on leveraging the heme oxygenase system to develop therapeutics with cytoprotective properties.  Building on more than fifty years of research into the heme oxygenase enzyme and its metabolites as therapeutics, Hillhurst has developed HBI-002 to enable the oral delivery of the gasotransmitter carbon monoxide (CO) that Hillhurst employs to augment the heme oxygenase pathway to treat conditions associated with inflammation, cell death and oxidative tissue injury.  Dr. Otterbein is a consultant for Hillhurst and has received stock options as compensation for his consulting services. To learn more about Hillhurst, please visit www.hillhurstbio.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hillhurst-biopharmaceuticals-receives-sbir-funding-for-development-of-hbi-002-for-prevention-of-delayed-graft-function-in-kidney-transplantation-300473365.html


News Article | May 8, 2017
Site: www.marketwired.com

SMITHTOWN, NY--(Marketwired - May 8, 2017) - iGambit Inc. ( : IGMB) announced that Dr. Benedict S Maniscalco has joined its Senior Advisory Board. This follows the acquisition of HubCentrix and the CyberCare Health Network Chronic Care Management System. Both companies operate as HealthDatix, Inc. The goal of HealthDatix is to identify the patient's eligibility for Medicare reimbursed doctor visits to access and assist in the well-being and cultivation of a healthy lifestyle. Additionally HealthDatix will be able to provide an FDA approved, Medicare covered platform, for continuous management of chronic care patients. Our continuous care platform will be tailored for individual care and health management of patients susceptible to chronic illness. This will include CyberCare's wearable medical watch. Dr. Benedict S. Maniscalco, M.D. received his medical degree from the Duke University School of Medicine in 1967. He interned at Grady Memorial Hospital in Atlanta and did his junior and senior residencies at Emory University Affiliated Hospitals, followed by a fellowship in Cardiovascular diseases from 1973-1975. He is licensed to practice in both Florida and Georgia and is certified by the American Board of Internal Medicine and the American Sub-Specialty Board in Cardiovascular disease. From 1976 through early 1979 Dr. Maniscalco was on the faculty of the University of South Florida School of Medicine, division of Cardiology in Tampa, Florida. Later in 1979, Dr. Maniscalco was recruited to establish the cardiac catheterization laboratory at St. Joseph's hospital in Tampa. He subsequently expanded the program and founded the nationally recognized St. Joseph's Heart Institute which served as a model for cardiovascular programs throughout the country. Dr. Maniscalco served as Chief of Cardiology and Director of the cardiac catheterization laboratory until from its founding through 2001. In this capacity, many of the innovative procedures and technology of modern cardiovascular services were implemented. While Director of the Heart Institute, Dr. Maniscalco was an officer and director of a large multi-specialty cardiovascular group practice. Over his distinguished career, Dr. Maniscalco has served as a consultant, opinion leader and speaker for numerous companies in both the pharmaceutical and device industry. He has lectured throughout the country for both medical and industry colleagues. He has been involved and led many research efforts in both clinical and non-clinical areas of investigation. Dr. Maniscalco has been a member of and served many professional medical societies. In the American College of Cardiology, he served in many capacities at the local, state and national levels. He has made significant contributions on numerous committees and in many capacities including his tenure as President and Governor of the Florida Chapter of the American College of Cardiology. His specific contributions in the areas of health policy and socioeconomic issues were numerous. Today, Dr. Maniscalco continues his devotion to patients in a consultative and prevention cardiology practice in Tampa, Florida and on an international basis as CEO and Chairman of Heartbeat International Foundation (HBI)! HBI provides pacemakers, defibrillators and other cardiac services to the less fortunate in developing countries of the world. Over 15,000 patients' lives have been saved or changed by the efforts of Heartbeat International and the many volunteer physicians and colleagues worldwide. John Salerno, Chairman of iGambit: "We are very pleased to have Dr. Maniscalco join us in our new business opportunity. His experience and knowledge together with others that will be joining us will set a standard by which we deliver excellence in services and technology." About iGambit Inc: iGambit ( : IGMB) is a fully reporting publicly-held company. We are a company focused on pursuing specific medical strategies and objectives. These objectives have included, among others, the acquisition of medical technology companies with strong growth potential easily recognized in the public arena. We believe that the back-ground of our management and of our Board of Directors in the technology markets is a valuable resource that makes us a desirable business partner. We expect to work to assume an active role in the development and growth of the new company, providing both strategic guidance and operational support. The management of iGambit believes that it can leverage its collective expertise to help position the combined company to produce high-margin, recurring and predictable earnings and generate long-term value for our stockholders. For more information, please visit www.igambit.com. Information on our web-site does not comprise a part of this press release. Certain statements in this document and elsewhere by iGambit are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward-looking statements include, but are not limited to fluctuations in demand; changes to economic growth in the U.S. and U.S. government policies and regulations, including, but not limited to those affecting the medical fertility clinic industry. iGambit undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in iGambit Inc.'s filings with the Securities and Exchange Commission.


News Article | May 9, 2017
Site: www.prnewswire.com

Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada.  Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh.  Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nucor-invites-you-to-join-its-annual-meeting-of-stockholders-webcast-300454147.html


News Article | May 11, 2017
Site: www.prnewswire.com

John Ferriola, Nucor's Chairman, CEO and President, commented, "Leon has served Nucor in many key roles, and now he will be a strong addition to our executive leadership team.  His promotion to Executive Vice President is the result of thoughtful and orderly succession planning that has been a significant strategic initiative throughout the Nucor organization in recent years." Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada.  Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh.  Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nucor-promotes-leon-topalian-to-executive-vice-president-300456309.html

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