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The McClatchy Company today reported net income from continuing operations in the fourth quarter of 2011 of $42.0 million, or 49 cents per share, compared to income of $15.7 million, or 18 cents per share in the 2010 quarter. Total net income in 2010 including discontinued operations was $14.8 million or 17 cents per share in the fourth quarter.
Revenues in the fourth quarter of 2011 were $351.4 million, down 5.0% from the fourth quarter of 2010. Advertising revenues were $270.9 million, down 5.7% from 2010, and circulation revenues were $67.0 million, down 3.0%.
Net income from continuing operations in the fourth quarter of 2011 excluding the net impact of these items was $43.2 million compared to net income from continuing operations in the fourth quarter of 2010 adjusted for similar items of $33.5 million.
Avery Dennison Label and Packaging Materials (LPM) announced Tuesday the business’s 2011 worldwide recordable incident rate of 0.46 injuries or illnesses for every 100 employees.
LPM saw best-ever performances in Europe, South America and North America, with incident rates in those regions of 0.29, 0.5, and 0.62, respectively. The Asia Pacific region saw an incident rate of 0.46 – just shy of beating its 2010 performance.
In comparison, the average United States manufacturing company experienced a recordable incident rate of 4.4 injuries per 100 workers in 2010, according to the most recent data published by the U.S. Bureau of Labor Statistics. All of Avery Dennison’s worldwide sites follow U.S. safety recordkeeping practices.