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MARSHALL GROUP REPORTS STRONG PROFITABLE GROWTH IN THE THIRD QUARTER

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STOCKHOLM, Nov. 13, 2024 /PRNewswire/ — In the third quarter of 2024, Marshall Group continued to build on its strong and profitable growth trajectory with net sales increasing 15 percent to SEK 1,118.4 million (974.4). Adjusted operating profit increased to SEK 304.0 million (236.6) amounting to an adjusted operating margin of 27.2 percent (24.3%).

Marshall has really shown its strength in the first nine months of 2024 by launching highly acclaimed product updates that resonate with consumers and delivering solid financial results. With yet another successful quarter added to the legacy of the iconic brand, Marshall is continuing to build on the robust foundation set since the creation of the Marshall Group last year.

“These impressive results come from a talented, passionate and hard-working team that is bringing to life our ambition and strategy in a powerful way. We’re creating and delivering unique products, stories and experiences that resonate with consumers across all channels and geographies. With yet another successful quarter behind us, we are well-positioned to continue our profitable growth journey,” says Jeremy de Maillard, CEO, Marshall Group.

During the third quarter, Marshall launched two updated versions of the most beloved members of the Marshall portable speaker family, Emberton III and Willen II, with improved material choices, usability, and ready for the next Bluetooth technology LE Audio enabling Auracast™. In September, Marshall launched the much-anticipated Monitor III A.N.C. wireless headphones, featuring enhanced noise-cancelling and Marshall’s new Soundstage spatial audio technology, receiving fantastic reviews from consumers and media alike.

Driven by the strong demand for Marshall products across regions, and strong performance across all sales channels, including e-commerce, the financial performance during the first nine months of 2024 has been impressive. Net sales increased by 15 percent to MSEK 3,194.0 (2,788.6) compared to January to September 2023. Adjusted operating profit increased to MSEK 754.7 (545.5) equivalent to an adjusted operating margin of 23.6 percent (19.6%) a result of a well-executed strategy, a focus on innovation, and an ability to meet the demands of both musicians and music lovers globally.  

“We have an exciting product roadmap for both existing and new categories and our strong financial position allows us to invest for the long term while also capturing more of the opportunities in front of us. The team is doing a fantastic job growing the business into the brand,” says Martin Axhamre, CFO & Deputy CEO, Marshall Group.

For more information, please contact:
Frida Calderon, Senior Communications Manager, Marshall Group
press@marshall.com 

About Marshall Group:

Marshall Group is the audio, tech and design powerhouse uniting musicians and music lovers through genre-breaking innovation. Marshall, our flagship brand, is uniquely positioned with over 60 years of rock ‘n’ roll attitude on stage, at home and on the go. Our iconic products are brought to life by a dedicated team of 800 passionate employees and sold in over 90 markets worldwide. Learn more on marshall.com 

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SOURCE Marshall Group

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Human-I-T Launches Digital Beats & Skills Workshop for Detroit Youth

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Ft Local Detroit Lions Producer P.L. aka Terry Fox

DETROIT, Nov. 25, 2024 /PRNewswire/ — Human-I-T, a nonprofit at the forefront of bridging the digital divide, is launching the dynamic Digital Beats & Skills Workshop. This transformative program will equip local youth with the tools and inspiration to explore careers in the music industry, igniting their potential and amplifying Detroit’s rich musical legacy.

The inaugural workshop, held at Human-I-T’s Digital Equity Center on 7 Mile on Wednesday, December 4 from 5:00 – 7:00 PM invites youth ages 13-19 to learn from legendary producer, P.L. aka Terry Fox, whose work has been featured on FOX Sports, NBC’s NBA broadcasts, and the NFL Network’s “Gameday” theme. P.L. will share his career-defining techniques, offering a rare opportunity for aspiring young musicians.

“As a leader in digital equity, our mission is to create as many opportunities as possible for the Detroit metro area. The Digital Beats and Skills Workshop is just the beginning of initiatives designed to spark creativity and open doors to new career pathways for children and young adults. By equipping young minds with the tools to think creatively, we hope to inspire the next generation of artists, innovators, and musicians to emerge from Detroit,” reported Graeme Jackson, Marketing and Content Manager at Human-I-T.

Programming will be curated by Class Act Detroit, a non-profit known for empowering youth through music and arts education; the workshop will challenge and engage all attendees. Executive Director Rashad Dobbins, whose work has been featured in projects like The Walking Dead and The Hunger Games: Mockingjay, aims to foster a sense of community and future growth through hip-hop.

The workshop curriculum includes:

Introduction to Beat MakingOverview of Hip-Hop ProductionHistory and Impact of Detroit Hip-Hop

Human-I-T will provide all attendees with their own free Apple Ipad tablets and music production software, ensuring they have the tech tools to continue their journey in music creation. With limited spots available, the workshop is expected to fill quickly.

View original content to download multimedia:https://www.prnewswire.com/news-releases/human-i-t-launches-digital-beats–skills-workshop-for-detroit-youth-302316612.html

SOURCE Human-I-T

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Dye & Durham Announces CEO Succession Plan

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Matthew Proud to step down as CEO after transition periodComprehensive CEO selection process will be initiated to identify a successorBoard and management team will continue to execute on Dye & Durham’s Value Creation Plan

TORONTO, Nov. 26, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company”) (TSX: DND) board of directors (the “Board”) today announced that Matthew Proud has decided to step down from his role as Chief Executive Officer of the Company. Mr. Proud will remain in his role for approximately three months or until the Board-led search for his successor is completed. The Board is grateful to Mr. Proud for his contributions and his ongoing support as Dye & Durham transitions to new leadership and a new era of growth for the Company. Under Mr. Proud’s leadership, Dye & Durham has grown from a small regional single product company with an enterprise value of approximately $4 million, to a global legal technology leader worth over $2.56 billion in enterprise value.

“On behalf of the Company and the entire Dye & Durham Board, I would like to thank Matt for his invaluable contributions to the Company,” said Colleen Moorehead, Chair of the Board. “Since becoming CEO of our predecessor company in 2014, Matt’s leadership has been instrumental in Dye & Durham’s exceptional growth and position in the legal technology market, navigating the Company through its successful IPO and the completion of multiple, value-accretive acquisitions and partnerships to date. We look forward to working collaboratively with Matt and the senior leadership team during this interim period, ensuring a smooth transition, and continuing to execute on our Value Creation Plan.”  

“I am incredibly proud of the Company we have built together, and I would like to thank the outstanding Dye & Durham team, the Board, and our partners for their support. The senior leadership team is focused and energized and will provide continuity through and following the succession transition,” said Mr. Proud. “Over the past several years, we have grown Dye & Durham into a remarkable, global SaaS legal tech business that has revolutionized the legal software industry. We have strategically and deliberately expanded our solutions suite, geographical presence and customer base since founding, and now through our Unity global platform we offer law firms everything they need to run their practice in a central location. With Dye & Durham well-positioned for a new era of growth, I believe that this is the best time to evolve our leadership to a new CEO who will inspire our next stage of growth and keep our momentum going. I plan to remain a stakeholder and advocate for Dye & Durham.”

Dye & Durham provides premier practice management solutions and vital data insights software that supports critical risk management decisions empowering legal professionals every day. The Company remains committed to executing on its recently published ‘Value Creation Plan’ to continue driving sustainable long-term value for all stakeholders. Details on the Value Creation Plan can be found in the Investors section of the Company’s website and on SEDAR+ under the Company’s profile at www.sedarplus.ca.

ABOUT DYE & DURHAM LIMITED

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, and Australia.

Additional information can be found at www.dyedurham.com.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects Dye & Durham’s current expectations regarding future events. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.

Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dye & Durham’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in Dye & Durham’s most recent annual information form. Dye & Durham does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Dye & Durham Limited

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Dye & Durham Releases Letter to Shareholders and Files Management Information Circular Ahead of Upcoming Annual Meeting

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Dye & Durham’s highly qualified Board and management team are focused on driving value for all stakeholders Engine Capital threatens to disrupt the Company’s progress, opposes the consideration of strategic alternatives, and would destroy shareholder value if its nominees are electedDue to postal disruption, shareholders encouraged to contact Carson Proxy if they require assistance in voting or to receive replacement proxy materialsBoard urges Dye & Durham shareholders to vote FOR all of Dye & Durham’s nominees on the GOLD Proxy or GOLD VIF to protect and maximize shareholder value

TORONTO, Nov. 26, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company”) (TSX: DND) today announced that it has issued a Letter to Shareholders (the “Letter”) and filed its Management Information Circular (the “Circular”) with the Canadian Securities Administrators on SEDAR+ under the Company’s profile at www.sedarplus.ca in connection with the Company’s 2024 annual and special meeting of shareholders (the “Annual Meeting”) scheduled for December 17, 2024. The Letter and Circular are also available on the company’s website.

Due to the Canadian postal disruption, shareholders are encouraged to contact Carson Proxy at 1-800-530-5189, text 416-751-2066, or email info@carsonproxy.com, for assistance in voting their shares, or to obtain replacement proxy materials.

These materials provide compelling, important information on the business of the Annual Meeting, including Dye & Durham’s board of directors (the “Board”), as well as related matters such as voting procedures, how to attend the Annual Meeting, details on the Company’s strong track record of value creation and why Dye & Durham’s director nominees are best positioned to continue the Company’s track record of outperformance. Shareholders are urged to vote the GOLD proxy or GOLD VIF for the renewed Board to sustain Dye & Durham’s momentum and continue driving extraordinary, compounded value for shareholders.  

The Letter and Circular also detail Engine Capital LP’s (together with affiliates, “Engine”) campaign to disrupt the Company’s progress, opposition to the consideration of strategic alternatives, its zero-premium takeover attempt, its track record of poor capital allocation, and its reckless plan to displace the Board and the management team. In addition, the Board details why it believes that the election of Engine’s poorly qualified nominees and the pursuit of Engine’s agenda will be value destructive for shareholders.

The Company encourages you to vote your GOLD proxy or GOLD VIF FOR each of Dye & Durham’s director nominees well before the proxy deadline on December 13, 2024 at 10:30 a.m. (Toronto time). If you have any questions or need help voting your shares, please contact Carson Proxy at 1-800-530-5189, text 416-751-2066, or email info@carsonproxy.com.

Advisors

Dye & Durham has retained Goldman Sachs, as its strategic advisor, Goodmans LLP and Groia & Company as its legal advisors, Gagnier Communications LLC and Sovereign Advisory Inc. as its strategic communications advisors, and Carson Proxy as its proxy solicitor.

About Dye & Durham Limited

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, and Australia.

Additional information can be found at www.dyedurham.com.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects Dye & Durham’s current expectations regarding future events. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.

Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dye & Durham’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in Dye & Durham’s most recent annual information form. Dye & Durham does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Dye & Durham Limited

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