- Half Year 2024 Avon Protection PLC Earnings Call TranscriptMay 21, 2024$14.95Earnings
- Full Year 2023 Avon Protection PLC Earnings Call TranscriptNov 21, 2023$10.62Earnings
- Half Year 2023 Avon Protection PLC Earnings Call TranscriptMay 23, 2023$11.33Earnings
- Full Year 2022 Avon Protection PLC Earnings Presentation TranscriptNov 22, 2022
- Half Year 2022 Avon Protection PLC Earnings Call TranscriptMay 24, 2022$14Earnings
- Full Year 2021 Avon Protection PLC Earnings Call TranscriptDec 15, 2021$13.5 (-6.90%)Earnings
- Half Year 2021 Avon Rubber PLC Earnings Call TranscriptMay 25, 2021$43.25Earnings
- Full Year 2020 Avon Rubber PLC Earnings Call TranscriptDec 02, 2020$54.26Earnings
- Avon Rubber p.l.c., Team Wendy, LLC - M&A Call TranscriptSep 09, 2020
- Half Year 2020 Avon Rubber PLC Earnings Call TranscriptMay 19, 2020$34.5 (-2.13%)Earnings
- Full Year 2019 Avon Rubber PLC Earnings Presentation TranscriptNov 13, 2019
- Avon Rubber PLC to acquire 3M's Ballistic-Protection Business - M&A Call TranscriptAug 07, 2019
- Half Year 2019 Avon Rubber PLC Earnings Call TranscriptMay 01, 2019$17.61Earnings
Avon Rubber PLC to acquire 3M's Ballistic-Protection Business - M&A Call Transcript
Good morning. I'm Paul McDonald, CEO of Avon Rubber, and I'm here with Nick Keveth, our CFO. We're delighted to be hosting this call this morning to run you through the acquisition of 3M's ballistic protection business. This marks the largest acquisition in Avon's history and is in line with the acquisition criteria we set out in 2017. We have agreed to purchase the asset to 3M's ballistic-protection business which is a leader in ballistic helmets and body armor protection with multiyear contracts with the U.S. DOD for the next-generation soldier protection system.
The acquisition is subject to regulatory approval and is expected to close during the first half of our 2020 financial year. In financial year 2018, the business delivered revenue of $85 million and EBITDA of $10.8 million, and we're expecting to deliver $5 million of further cost synergies. The initial consideration is $91 million, with a contingent consideration of a further $25 million, depending on the outcome of pending tenders for legacy products.
The consideration
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
![](https://static.gurufocus.com/material/money-back-guarantee.png)
![](https://static.gurufocus.com/trust_rating.png)
![](https://static.gurufocus.com/trust.png)