Blog Keyword - Midland PaperClips - fine paper, packaging and supply systems distributor

08.03.2012

Rite Aid Reports 0.5 Percent Same Store Sales Increase for July

Rite Aid Corporation today announced sales results for July.

For the four weeks ended July 28, 2012, same store sales increased 0.5 percent over the prior-year period. July front-end same store sales increased 1.2 percent. Pharmacy same store sales, which included an approximate 742 basis points negative impact from new generic introductions increased 0.2 percent. Prescription count at comparable stores increased 4.5 percent over the prior-year period.

Same store sales for the 21-week period ended July 28, 2012 increased 1.5 percent over the prior-year period. Front-end same store sales increased 2.0 percent while pharmacy same store sales increased 1.2 percent. Prescription count at comparable stores increased 3.2 percent over the prior-year period.

Send to a Friend

08.03.2012

Saks Incorporated Announces July Comparable Store Sales

Retailer Saks Incorporated today announced that owned sales totaled $200.7 million for the four weeks ended July 28, 2012 compared to $191.0 million for the four weeks ended July 30, 2011, a 5.1% increase. Comparable store sales increased 3.5% for the month.

For July, the strongest categories included women’s contemporary and designer apparel; men’s accessories, shoes, and contemporary apparel; fashion and fine jewelry; handbags; and cosmetics and fragrances. This July, the Company added a one-day Electronic Gift Card (“EGC”) event to its promotional calendar. Management estimates that the additional EGC event positively impacted July comparable store sales by approximately 200 basis points.

For the second quarter ended July 28, 2012, owned sales totaled $690.6 million compared to $658.1 million for the prior year second quarter ended July 30, 2011, a 4.9% increase. Comparable store sales increased 4.7% for the second quarter.

On a year-to-date basis, for the six months ended July 28, 2012, owned sales totaled $1,434.5 million compared to $1,371.8 million for the prior year six months ended July 30, 2011, a 4.6% increase. Comparable store sales increased 4.7% for the six months.

Send to a Friend

08.03.2012

Kohl's Corporation Reports July Comparable Store Sales

Kohl’s Corporation reported today that for the four-week month ended July 28, 2012 total sales increased 3.4 percent and comparable store sales increased 1.7 percent over the four-week month ended July 30, 2011. For the quarter, total sales decreased 1.0 percent and comparable store sales decreased 2.7 percent from the second quarter of 2011.

Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “We are pleased with the improvement in July’s comparable store sales. We have made significant progress in improving inventory levels as we enter the Back-to-School season and believe we have the appropriate mix of both basics and fashion. From a line of business perspective, Footwear, Home and Men’s all reported mid-single-digit comp increases. The Midwest, Mid-Atlantic and Northeast were the strongest regions in July.”

Send to a Friend

08.03.2012

Nordstrom Reports July and Second Quarter Sales

Nordstrom, Inc. today reported July and second quarter sales, which reflected the shift in timing of the Anniversary Sale event, historically the Company’s largest sale event of the year. This event started one week later in July compared with last year. As a result, an additional week of the event shifted into August, which is part of the Company’s fiscal third quarter. Due to the event shift and as previously reported in the first quarter earnings release, the Company expected second quarter same-store sales to increase in the low-single-digit range.

The Company reported a 0.9 percent increase in same-store sales for the four-week period ended July 28, 2012 compared with the four-week period ended July 30, 2011. Preliminary total retail sales of $1.00 billion for July 2012 increased 1.1 percent compared with total retail sales of $993 million for the same period in fiscal 2011.

Second quarter same-store sales increased 4.5 percent compared with the same period in fiscal 2011. Preliminary second quarter total retail sales of $2.92 billion increased 7.4 percent compared with total retail sales of $2.72 billion for the same period in fiscal 2011.

Year-to-date same-store sales increased 6.3 percent compared with the same period in fiscal 2011. Preliminary year-to-date total retail sales of $5.45 billion increased 10.3 percent compared with total retail sales of $4.95 billion for the same period in fiscal 2011.

Send to a Friend

08.03.2012

Great Northern Paper’s Baxter Brite grade used in publishing record-breaking novel trilogy Fifty Shades

Fictional billionaire playboy Christian Grey, the lead male character in E L James's Fifty Shades trilogy, lives in Seattle - but has strong ties to northern Maine. Nearly 3,000 tons of paper for the record-breaking trilogy has been produced at Great Northern Paper, LLC on Baxter Brite paper. Great Northern Paper's responsiveness, service, and the paper's consistent performance make Baxter Brite a reliable choice for Fifty Shades paper merchant Midland Paper and the books' publisher, Vintage, an imprint of Random House, Inc. GNP ships the paper to varying printers around the country.

"The demand for Fifty Shades was so high that its paper merchant and publisher had to seek out many paper manufacturers and printers. It's a proud feeling to know that people around the U.S. are reading the books on our paper," said GNP President and CEO Richard M. Cyr. "We are happy to be doing business with both Midland Paper and Random House. We know our superior Baxter Brite paper is the right choice."

Baxter Brite is produced at GNP's East Millinocket mill in Maine's north woods, literally next to the wood basket, which ensures consistency and direct access to a superior fiber supply. The durable fiber mix provides for enhanced opacity and a very clean sheet, preferred for book publishing.

The trilogy - Fifty Shades of Grey, Fifty Shades Darker, and Fifty Shades Freed - has sold more than 10 million copies in trade paperback in the U.S. (and more than 20 million copies in paperback and ebook combined) making it one of the fastest-selling trilogies in publishing history. The three novels are number one, two, and three on the New York Times trade paperback fiction bestseller list. Since April, one out of every five adult print novels sold in the U.S. has been a Fifty Shades title.

Send to a Friend

08.03.2012

Verso Paper Corp. Announces Permanent Shutdown of Sartell Mill

Verso Paper Corp. today announced that after conducting a comprehensive assessment, Verso has made the difficult decision not to reopen its paper mill in Sartell, Minnesota. Verso's decision is based on the length of time that it would take to rebuild the mill structures and systems that were destroyed in the Memorial Day fire and explosion, and the marketplace challenges that would present.

The permanent closure of the Sartell Mill will reduce Verso's annual coated groundwood capacity by 180,000 tons or approximately 20 percent, and will eliminate approximately 35,000 tons of annual supercalendered paper capacity.

Verso President and CEO David Paterson met with state and local officials earlier today to deliver the news in person. "After a thorough review of the many factors involved following the Memorial Day tragedy, we have made the very difficult decision not to reopen the Sartell Mill," Paterson said. "The mill has not been competitive for a number of years and, despite our employees' dedicated efforts since the December 2011 shutdown of two of the facility's three paper machines, our assessment indicates that it is impossible for the mill to achieve a competitive position in today's marketplace, especially after a setback of this magnitude and duration. We will work closely with local and state officials to develop options for the future use of the mill site."

"We know that the decision to permanently close the mill will have a significant impact on many people across this region, especially our Sartell Mill employees and their families," said Verso Senior Vice President for Manufacturing and Energy Lyle Fellows. "We continue to work with affected employees to help them access the resources needed to identify alternative employment opportunities."

Send to a Friend

08.03.2012

Sappi Reports Results for Third Quarter Ended June 30, 2012

Results for the third quarter ended June 2012 in line with expectations despite tough market conditions. Sappi remains focused on debt reduction, chemical cellulose expansion.

"Operating profit excluding special items for the quarter was in line with expectations and guidance provided. Market conditions remain challenging with little visibility which impacted pricing and demand for most products.

"However the southern Africa chemical cellulose business continued to perform strongly with good margins and volumes. The chemical cellulose conversion projects at the Ngodwana and Cloquet mills are progressing well.

"The successful refinancing during the quarter of the expensive bonds due in 2014 will result in a substantial reduction in interest costs going forward and significantly improve Sappi's debt maturity profile. Once-off charges related to the refinancing did, however, lead to a net loss per share for the quarter.

"Market conditions are expected to remain generally tough, with greater uncertainty and lack of visibility. Trading conditions are expected to be weaker than a year ago, with lower volumes for most of our products and pricing, particularly for pulp, to remain under pressure. We believe input prices should remain generally flat and that fixed costs are well under control.

Send to a Friend

08.03.2012

Condé Nast Taking Brides Bimonthly, Boosts Mobile Interaction

Brides is ratcheting back its print brand and investing more in its digital presence with a mobile-enhanced website. The 300,000-circ magazine is dropping down to a bimonthly frequency and the site will become fully mobile compatible and feature new tools and functionality to drive more engagement.

The magazine's last monthly issue will be December, with a January-March issue after that and then the bimonthly schedule will kick in with the April/May issue.

The site enhancements include new image galleries and more interactive tools like check-lists and countdowns as well as features that allow users to contribute and share content from web to mobile and back again. Brides.com averages about 1.2 million monthly uniques, according to the company.

The digital build-out fits with Condé's digitally-focused strategic plan, and Brides publisher Michelle Myers says that the combined editorial and business oversight of both digital print properties is a helpful structure to push through the dual platform changes.

In a recent interview with Folio:, Condé Nast CTO Joe Simon noted the company's push to re-integrate digital and print initiatives under a combined team structure.

Send to a Friend

08.03.2012

Mercer International Inc. Reports 2012 Second Quarter Results

Mercer International Inc. today reported results for the second quarter ended June 30, 2012. Operating EBITDA* in the second quarter of 2012 was €32.9 million ($42.2 million), compared to €50.1 million ($72.1 million) in the second quarter of 2011 and €30.6 million ($40.1 million) in the first quarter of 2012.

For the second quarter of 2012, we had net income of €1.5 million ($1.9 million), or €0.03 ($0.04) per basic share, compared to net income of €14.4 million ($20.7 million), or €0.32 ($0.46) per basic share, in the second quarter of 2011 and net income of €1.2 million ($1.6 million), or €0.02 ($0.03) per basic share, for the first quarter of 2012.

Send to a Friend

08.03.2012

Harte-Hanks Reports Second Quarter Results

Harte-Hanks, Inc. today reported second quarter 2012 diluted loss per share of ($1.74) on revenues of $199.1 million. These results compare to diluted earnings per share of $0.15 on $213.0 million in revenues for the second quarter of 2011.

The financial results reflect the previously announced non-cash income statement charge of $165.3 million for the impairment of Shoppers goodwill and other intangibles and $2.2 million for restructuring charges. Excluding these items, 2012 second quarter diluted income per share was $0.13.

For the three months ended June 30, 2012, the company generated free cash flow (defined below) of $11.1 million, an increase from $8.8 million in the prior year’s second quarter. Capital expenditures for the quarter were $2.6 million compared to $7.0 million in the prior year’s second quarter.

Send to a Friend

08.03.2012

CQ Roll Call To Consolidate Brands Into One Print Daily

The Economist Group’s CQ Roll Call business, which produces a variety of publications that includes CQ Weekly, CQ Today and Roll Call, is undergoing a series of changes, most notably with the consolidation of its brand into one daily print publication and laying off up to 30 employees.

"When the companies merged in 2009, we brought together two long standing brands—CQ and Roll Call,” a spokesperson for The Economist Group’s CQ Roll Call business tells AD. “One (is) known for serious policy content and the other for politics and commentary. CQ Roll Call is uniquely positioned to cover both and as we realign our resources, we are consolidating the newsroom and creating efficiencies in our delivery of news and information, by moving towards publishing one print daily."

The spokesperson from CQ Roll Call would not confirm the number of individuals let go, or the areas of the company that saw cuts. According to news reports from FishBowl D.C., 30 employees in the last two weeks have been laid off. It is unclear whether more staffing changes will be had for the brand going forward in 2012 amid its consolidation, and how the present cuts might affect business in its present state.

Send to a Friend

08.03.2012

Boise Inc. Reports Financial Results for Second Quarter 2012

Boise Inc. today reported net income of $13.7 million, or $0.14 per diluted share, for second quarter 2012, compared with net income of $11.9 million, or $0.11 per diluted share, for the same period in 2011. EBITDA was $75.1 million for second quarter 2012, compared with $70.5 million for second quarter 2011.

Packaging segment sales for second quarter 2012 were $284.8 million, an increase of $41.5 million, or 17%, compared with second quarter 2011. The acquisition of Hexacomb on December 1, 2011, increased our corrugated product sales volumes, compared with the prior period. Additionally, corrugated sales volumes for our other operations also increased.

Paper segment sales for second quarter 2012 were $363.3 million, a decrease of $7.8 million, or 2%, compared with second quarter 2011, due to decreased net selling prices and volumes of market pulp. Net selling prices of uncoated freesheet decreased slightly and volumes remained flat, compared with second quarter 2011. Paper segment sales decreased $19.1 million, or 5%, compared with first quarter 2012, due to decreased volumes and prices of uncoated freesheet.

Send to a Friend

08.03.2012

AAA Fuel Gage & Exchange Rates

AAA’s Fuel Gage Report as of 8/03/12
National Unleaded Regular:
Current Average - $3.567/gallon
Month Ago Average - $3.336/gallon
Year Ago Average - $3.701/gallon
Highest Recorded Average - $4.114/gallon on 7/17/08
Diesel:
Current Average - $3.794/gallon
Month Ago Average - $3.654/gallon
Year Ago Average - $3.964/gallon
Highest Recorded Average - $4.845/gallon on 7/17/08

Current Exchange Rates as of 8/02/12
American Dollar to Canadian Dollar = 0.997884 (120 day high - 1.01905 on April 26, 2012; low 0.961252 on June 5, 2012)
American Dollar to Chinese Yuan = 0.156896 (120 day high – 0.159363 on May 2, 2012; low 0.156521 on July 13, 2012)
American Dollar to Euro = 1.227888 (120 day high - 1.3454 on February 28, 2012; low 1.2089 on July 24, 2012)
American Dollar to Japanese Yen = 0.012773 (120 day high – 0.0128855 on February 13, 2012; low 0.0119026 on March 21, 2012)
American Dollar to Mexican Peso = 0.075394 (120 day high – 0.0793808 on March 14, 2012; low 0.0691788 on June 1, 2012)

Send to a Friend

08.03.2012

Oil Rises From Three-Week Low on Forecasts U.S. Hiring Increased

Oil rebounded from the lowest close in almost three weeks in New York amid forecasts that hiring increased in the U.S., the world’s largest consumer of crude.

Futures rose as much as 1.2 percent, trimming a second weekly decline. Employers probably added 100,000 workers in July after an 80,000 gain in June, according to a Bloomberg News survey ahead of government data today. Tropical Storm Ernesto weakened as it moved west into the Caribbean, the U.S. National Hurricane Center said. Oil fell 2 percent yesterday after the European Central Bank failed to assure investors it was ready to take immediate steps to support the economy.

“Oil markets are getting a bit tighter, and demand should be picking up,” said Hannes Loacker, an analyst at Raiffeisen Bank International AG (RBI) in Vienna, who predicts prices in London will struggle to pass $110 a barrel. “Without doubt, the U.S. recovery and the Chinese economy are the two most important factors on the demand side, more so than Europe.”

Crude for September delivery increased as much as $1.06 a barrel to $88.19 a barrel in electronic trading on the New York Mercantile Exchange and was at $88.17 at 10:29 a.m. London time. The contract yesterday fell $1.78 to $87.13, the lowest close since July 13.

Send to a Friend

08.03.2012

Aeropostale Provides Business Update

Aeropostale, Inc., a mall-based specialty retailer of casual apparel for young women and men, today announced updated expectations for the second quarter.

For the second quarter of fiscal 2012, net sales increased 4% to $485.3 million, from $468.2 million in the year ago period. Comparable sales, including the e-commerce channel, for the second quarter were essentially flat, compared to a 12% decrease last year. Same store sales, excluding the e-commerce channel, for the second quarter decreased 1%, compared to a 14% decrease last year.

Send to a Friend

08.03.2012

June 2012 US Commercial Printing Shipments Up +$139 Million Compared to 2011

The US Commerce Department report of US commercial printing shipments for June 2012 was $6.85 billion, up +$139 million compared to last year (+2.1%). On an inflation-adjusted basis, shipments were up +$27 million (+0.4%).

For the first half of 2012 shipments were $40.1 billion, down -$400 million (-1.2%) compared to the same period last year, and down -$1.4 million (-3.4%) on an inflation-adjusted basis.

Comparing the 12-month period of July 2011 to June 2012 to the similar period of the year before, current dollar shipments were down -1.5% and -4.3% on an inflation adjusted basis.

Send to a Friend

08.03.2012

Sealed Air Reports Second Quarter 2012 Results

For second quarter 2012, Sealed Air Corporation reported sales of $2.0 billion, a 65% increase over 2011, including a 67% increase from the Diversey acquisition, a 2% increase in organic sales, and a 4% unfavorable foreign currency translation. Sales volume performance improved slightly and reflected unit volume growth in all regions except EMEA, due to a 3% volume decline in Europe. On a pro forma basis, sales decreased 4%. Excluding the unfavorable impact of foreign exchange, pro forma sales increased 1% from 2% higher price and 1% lower unit volumes.

For the second quarter 2012, Sealed Air reported a loss of $0.07 per share after a $0.27 per share unfavorable effect from special items. This compares with reported net earnings per common share (EPS) of $0.37 in 2011. On an adjusted basis, second quarter 2012 EPS was $0.20 compared with second quarter 2011 adjusted EPS of $0.40.

Send to a Friend

08.02.2012

Resolute Reports Preliminary Second Quarter 2012 Results

Resolute Forest Products Inc., today reported a net loss of $20 million for the second quarter, or $(0.20) per share, on sales of $1.2 billion. This compares with net income of $61 million, or $0.63 per diluted share, on sales of $1.2 billion in the second quarter of 2011.

Excluding $50 million of special items described below, net income for the quarter was $30 million, or $0.30 per diluted share. Net income excluding special items for the second quarter of 2011 was $63 million, or $0.65 per diluted share, and included a $44 million income tax benefit from a tax reserve adjustment.

"Resolute's newsprint, specialty papers and wood products segments each delivered their strongest quarterly results in recent history, more than making up for headwinds in the pulp and coated papers segments" said Richard Garneau, president and chief executive officer. "Our cost-focused strategy positions us to continually optimize our diversified asset base and generate cash even in challenging environments."

Send to a Friend

08.02.2012

Resolute and Fibrek Complete Second Step Arrangement

Resolute Forest Products Inc. and Fibrek Inc. announced today the completion of their previously announced second step plan of arrangement transaction (the "arrangement"), whereby Fibrek and RFP Acquisition Inc., a wholly-owned subsidiary of Resolute, have amalgamated resulting in Resolute indirectly owning 100% of the shares of Fibrek Inc. This announcement comes following the approval of the arrangement by Fibrek's shareholders on July 23, 2012 and the issuance of a final order of the Superior Court of Quebec on July 27, 2012 approving the arrangement.

Fibrek has applied for its common shares to be delisted from the Toronto Stock Exchange and expects such delisting to be effective as of the close of markets on August 2, 2012. In addition, Fibrek has applied and made the required filings with the relevant Canadian securities regulatory authorities in order for Fibrek to cease to be a reporting issuer or the equivalent in the relevant Canadian provinces and territories.

Send to a Friend

08.02.2012

Abercrombie & Fitch Provides Second Quarter 2012 Business Update

Abercrombie & Fitch Co. today reported on the Company's performance for the quarter ended July 28, 2012.

Net sales increased 4% to $951.4 million for the quarter, compared to net sales of $916.8 million for the fiscal quarter ended July 30, 2011. Total US sales, including direct-to-consumer sales, decreased 5% to $648.0 million. Total international sales, including direct-to-consumer sales, increased 31% to $303.4 million. Total Company direct-to-consumer sales, including shipping and handling, increased 25% to $127.7 million.

Comparable store sales for the quarter were down 10% relative to last year. Comparable store sales were down 5% in US stores and were down 26% in international stores. Within the quarter, comparable store sales were weakest in June.

The Company expects gross margin rate erosion for the second quarter of approximately 100 basis points versus last year. Additionally, the Company expects inventory at cost to be up approximately 20% at the end of the second quarter versus a year ago.

Send to a Friend

08.02.2012

KapStone Reports Record Second Quarter Results

KapStone Paper and Packaging Corporation today reported record results for the second quarter ended June 30, 2012.
•Net sales of $306 million up $91 million, or 43 percent, versus prior year
•Net income of $18.4 million up 1.3 percent versus 2011
•Adjusted EBITDA of $50 million up $6 million, or 13 percent, versus prior year
•Diluted EPS of $0.39 up $0.01 per share, or 3 percent, versus 2011
•Adjusted diluted EPS of $0.42 up $0.03 per share, or 8 percent, versus prior year
•Unfavorable foreign exchange rates impacted EPS by $0.03 versus prior year
•$50 million voluntary loan repayment made in second quarter of 2012

Second Quarter Operating Highlights

Consolidated net sales of $306.3 million in the second quarter of 2012 increased by $91.5 million, or 42.6 percent compared to $214.8 million for the 2011 second quarter. The increase is primarily due to the USC acquisition which added $97.2 million of additional revenue based on selling 1.6 billion square feet of corrugated products compared to none in 2011. In 2012's second quarter, 324,000 tons of paper were sold compared to 329,000 tons a year earlier. The Company's average selling price decreased by $10 primarily from lower export containerboard prices which have been recovering since bottoming out in March.

Operating income of $32.5 million for the 2012 second quarter increased by $1.8 million, or 6.0 percent, compared to the 2011 second quarter. The improved financial performance primarily reflect benefits from the acquisition partially offset by lower selling prices, lower sales volume, unfavorable foreign exchange rates, inflation on input costs and acquisition start up expenses.

Unfavorable foreign exchange rates resulting from the strengthening of the U.S. dollar compared to the euro reduced diluted earnings per share by approximately $0.03.

Send to a Friend

08.02.2012

Tronox Reports Second Quarter 2012 Financial Results

Tronox Limited today reported revenue of $428.9 million and Adjusted EBITDA of $146.2 million for the second quarter of 2012. Revenue in the second quarter was essentially level to that in the prior-year quarter and includes $30.5 million in mineral ore sales for the two-week period following the closing of the Exxaro Mineral Sands acquisition on June 15, 2012. Adjusted EBITDA of $146.2 million in the second quarter, including $23.3 million from acquired businesses (100 percent of the South Africa mineral sands business formerly owned by Exxaro and 50 percent of the Tiwest mineral sands and pigments business formerly owned by Exxaro), increased 22 percent from $119.6 million in the prior-year quarter.

"In our mineral sands segment for second half of 2012, we anticipate feedstock sales volumes will remain strong and prices will be significantly higher compared to the second half last year. This strong performance is expected despite zircon sales forecasted to be at approximately half the year-ago levels. As the largest vertically integrated player in our industry, Tronox now benefits from the same rising ore prices that non-integrated titanium dioxide producers will face as advantaged ore contracts expire. We believe that we are built to optimize market swings on either side of the supply chain and are well positioned to thrive in changing market conditions," Casey said.

"In the first half of 2012, we saw a softening of sales volumes in our pigments segment compared to very strong volumes a year ago due to simultaneous market weakness in China, Europe and North America. While we are encouraged by signs of recovery in U.S. housing and increasingly stimulative national policy in China, we are conservatively forecasting pigment sales volumes to be level and modestly lower global average pigment selling prices in the second half 2012 as compared to the first half 2012.

Send to a Friend

08.02.2012

Sales Down, Earnings Up at Harlequin; Raises E-book Royalty

Second quarter sales at Harlequin fell to C$107.0 million from C$110.3 million, but operating profit rose to C$18.0 million from C$16.3 million in last year’s second period, parent company Torstar reported this morning. The drop in revenue was due to the decline in sales of print titles that was not entirely offset by higher digital sales. Earnings rose due to lower promotional spending and a lower returns provision. Foreign exchange had a C$100,000 negative impact on revenue.

According to Torstar, North America sales were down C$3.3 million in the quarter with declines of C$2.6 million in retail print and C$2.3 million in direct-to-consumer revenue more than offsetting digital revenue growth of C$1.6 million. Torstar noted that in North America, the shift in retail sales from print to digital moderated in the second quarter, although it added that Harlequin has adjusted its print volumes to account for the higher percentage of digital sales. For all of Harlequin, digital revenue was 20.4% of total sales in the quarter (and the six month period), compared to 15.0% for the second quarter of 2011 (and 14.3% for the six months).

In overseas markets, business continued to be negatively impacted by softness in Europe, although in the quarter digital revenue growth offset lower retail print and direct-to-consumer revenue resulting in an increase in sales of about C$200,000.

For the first half of 2012, sales were down 5.3%, to C$213.7 million, but operating earnings were up slightly, rising to C$38.4 million from C$38.3 million. Torstar said it expects results in the second half of 2012 at Harlequin to decline due to factors that include higher author royalty rates for digital sales and a difficult comparison with a strong 2011 performance. Beginning July 1, Harlequin raised its e-book royalty rate on its frontlist titles and for much of its backlist.

Send to a Friend

08.02.2012

H2 acquires Norske Skog Parenco and recovered paper business

Norske Skog has entered into an agreement to sell its paper mill Parenco in Renkum in the Netherlands and the global recovered paper business, Reparco, to investment firm H2 Equity Partners. Norske Skog expects to release cash from the transaction in the order of EUR 30 millions. The transaction is part of the effort to reduce Norske Skog's net debt. H2 sees good growth opportunities for the mill, and will consider conversion of the mill to produce packaging paper.

The sale is part of our strategy to improve Norske Skog's cash flow and financial position. Profitability at Parenco has been a challenge for a long time, and we have considered both sale and closure of the mill. We are very pleased to be able to sell to a company with long-term plans for the overall operations at Parenco, says President and CEO in Norske Skog, Sven Ombudstvedt.

We are happy that we can bring the good news that this company, with its 100 years of history, can continue to operate. It is a good, well positioned paper mill, with well-motivated, expert staff, modern equipment, and it is geographically well situated. The sourcing of raw material from Reparco adds strategic value. We see good growth opportunities for Parenco, mainly driven by the substitution to higher quality magazine paper grades as well as the on-going growth in relevant publishing segments such as door-to-door retail folders. It is our ambition to create a healthy company with high quality, sustainable products and a defendable market position, in line with the overall mission of H2 Equity Partners to build better businesses, says Harmen Geerts, partner at H2 Equity Partners.

Send to a Friend

08.02.2012

Fred’s sales up 1.2% in July

Discount-store operator Fred's Inc. said Wednesday that its same-store sales increased 1.2% during the four weeks ended July 28, helped by markdowns that increased customer traffic. The company also raised its earnings guidance for the second quarter, citing a tax settlement with the state of Tennessee.

Total sales for the month rose 5% to $136.7 million.

Send to a Friend

08.02.2012

A.H. Belo: Sinking Newspaper Revs

A.H. Belo, which publishes the Dallas Morning News among other newspapers, saw total revenues decrease 5% from to $109 million in the second quarter of 2012, the company announced Wednesday.

Total advertising revenues sank 8%, from second-quarter 2011 to second-quarter 2012, with display ads down 15% to $21.5 million, preprint revenue down 1% to $20 million, and classifieds down 13% to over $13 million. Total digital ad revenues increased 1% to $9 million, while circulation revenues decreased 3% to $34 million.

Looking to the near future, A.H. Belo chairman, president and CEO Robert Decherd warned that “advertising revenue volatility may continue for the remainder of the year,” echoing similar comments from executives at other big newspaper publishers, including Lee Enterprises and McClatchy.

Send to a Friend

08.02.2012

Longview Fibre Paper and Packaging Releases Sustainability Report

Improved financial, safety and environmental performance, highlight Longview Fibre Paper and Packaging, Inc.'s first-ever Sustainability Report.

"We are now a sustainable business, solidly in the game for the long run," said President Randy Nebel, in the report. "We will continue to pursue our vision, work safely, meet customer expectations, and deliver results."

Longview's financial performance was strong in 2011, producing positive earnings for investors. This was aided by eight consecutive quarters of record mill production.

Also highlighted in the report was Longview's dramatic improvement in safety. In 2006, Longview had a yearly incident rate of 8.6. That figure dropped to 1.57 by the end of 2011. And from Sept. 1, 2011, to Feb. 10, 2012, the mill reached one million consecutive safe hours worked. One of the company's container plants in Utah reached six years without a recordable injury, in March, 2012.

Send to a Friend

08.02.2012

U.S. is tops in mobile advertising spending

This year, for the first time, the U.S. will spend more than any other country on mobile advertising, according to a new forecast from research firm eMarketer Inc. U.S. marketers in 2012 will spend $2.3 billion on the tiny ads that appear on mobile web sites, including paid search ads, and in mobile apps; this is an increase of 92% over $1.2 billion in 2011, eMarketer says.

Growth in the U.S. and other countries will help drive mobile ad spending worldwide to $6.4 billion in 2012, up 60% from $4.0 billion in 2011, eMarketer finds.

The top spender in 2011 was Japan, unleashing $1.4 billion on the mobile ad market, eMarketer says. Its spend will climb 21% to $1.7 billion in 2012. Mobile advertising is more mature in Japan, which means growth in percentage terms is far lower than in North American markets, eMarketer notes.

Send to a Friend

08.02.2012

Catalyst Q2 results reflect impact of creditor protection

Catalyst Paper recorded a net loss of $11.7 million in the second quarter of 2012 ($0.03 per common share), in comparison to a net loss of $25.6 million ($0.07 per common share) the quarter before. Improvement in the current quarter was mainly due to a gain on the sale of surplus-assets and a net reorganization credit reflecting confirmed claim amounts. Before these and other specific items, the net loss for the quarter was $5.0 million compared to a net loss of $9.6 million in the prior quarter.

Earnings before interest, tax, depreciation and amortization (EBITDA) in the second quarter was $14.6 million and EBITDA before restructuring costs was $14.5 million, compared with EBITDA of $18.1 million and EBITDA before restructuring costs of $23.3 million in the first quarter.

“We focused relentlessly on satisfying the requirements of the reorganization process and it’s gratifying to have gained creditor approval of our second amended plan of arrangement,” said Catalyst President and CEO Kevin J. Clarke. “We reached that milestone within five months of entering creditor protection and are now poised for an orderly exit in the third quarter. While market conditions are challenging, the benefit of reduced operating costs and the 60% reduction in debt puts us on much better competitive footing as our industry continues to reinvent for the future.”

Catalyst filed for creditor protection on January 31, 2012 and on June 14, 2012 announced a second amended plan of arrangement. This plan received the necessary creditor approval on June 25, 2012 and was subsequently approved by both the British Columbia Supreme Court and by the United States Court in Delaware. Sale and investor solicitation procedures relating to all or substantially all of the company’s assets – initiated when an earlier version of the plan fell short of required levels of creditor support – were suspended.

Creditor protection has been extended to September 30, 2012, and implementation of the approved plan of arrangement is conditional on Catalyst securing a new asset-based loan facility and adequate exit financing. Implementation of the plan is expected to reduce annual operating costs by approximately $35 million, annual interest expenses by US $34 to $42 million and will reduce long-term debt by nearly US$400 million.

Send to a Friend

08.02.2012

Oil Rises a Second Day as U.S. Inventories Decline

Oil rose for a second day in New York as the European Central Bank meets to discuss the bloc’s debt crisis, while U.S. fuel stockpiles shrank.

Futures advanced as much as 0.3 percent, extending a 1 percent gain yesterday that was the biggest in almost two weeks. U.S. crude inventories slid the most since December, Energy Department data showed yesterday. The Federal Reserve yesterday pledged additional support for the U.S. economy if necessary. Enbridge Inc. (ENB) was waiting for approval to resume a pipeline that carries Canadian oil to the Midwest.

“The ECB will issue strong words, but are unlikely to announce anything substantial,” said Guy Wolf, a strategist at Marex Spectron Group Ltd., a London-based commodities broker. “The central bank meetings are inhibiting trading activity, which in any case is subdued because of the summer.”

Oil for September delivery was at $89.16 a barrel, 25 cents higher in electronic trading on the New York Mercantile Exchange at 10:32 a.m. London time. The contract rose 85 cents yesterday, the biggest gain since July 19. Prices are 9.8 percent lower this year.

Brent crude for September settlement was at $106.57, up 61 cents, on the London-based ICE Futures Europe exchange.

Send to a Friend

08.02.2012

American Eagle Outfitters Raises Second Quarter Guidance

American Eagle Outfitters, Inc. announced that it is raising its second quarter adjusted EPS outlook to $0.19 to $0.21, compared to adjusted EPS of $0.13 last year. The revised outlook is primarily due to stronger than expected sales. The company?s previous second quarter adjusted EPS guidance was $0.13 to $0.15 per diluted share. As previously announced, results exclude the 77kids business and restructuring charges.

Net sales for the second quarter increased 11% to $740 million compared to $669 million last year. Comparable store sales increased 9%, including sales from AEO direct.

Send to a Friend

08.02.2012

Limited Brands Reports July 2012 Sales

Limited Brands, Inc. reported a comparable store sales increase of 12 percent for the four weeks ended July 28, 2012, compared to the four weeks ended July 30, 2011. The company reported net sales of $649.8 million for the four weeks ended July 28, 2012, compared to net sales of $660.4 million last year.

The company reported a comparable store sales increase of 8 percent for the second quarter ended July 28, 2012, compared to the second quarter ended July 30, 2011. The company reported net sales of $2.399 billion for the second quarter ended July 28, 2012, compared to sales of $2.458 billion last year.

The company reported a comparable store sales increase of 8 percent for the 26 weeks ended July 28, 2012, compared to the 26 weeks ended July 30, 2011. The company reported net sales of $4.553 billion for the 26 weeks ended July 28, 2012, compared to sales of $4.675 billion last year.

Send to a Friend

08.02.2012

OfficeMax Reports Second Quarter 2012 Financial Results

OfficeMax® Incorporated, a leader in office supplies, technology and services, today announced the results for its fiscal second quarter ended June 30, 2012.

Total sales were $1,602.4 million in the second quarter of 2012, a decrease of 2.7% from the second quarter of 2011. For the second quarter of 2012, OfficeMax reported operating income of $23.1 million, compared to $4.0 million in the second quarter of 2011, and net income available to OfficeMax common shareholders of $10.7 million, or $0.12 per diluted share, compared to a net loss of $3.0 million, or $0.04 per diluted share, in the second quarter of 2011.

Contract segment sales decreased 0.2% compared to the prior year period to $878.8 million in the second quarter of 2012 (an increase of 1.0% on a local currency basis). This decrease reflected a U.S. Contract operations sales increase of 2.6% and an international Contract operations sales decrease of 6.0% in U.S. dollars (a decrease of 2.3% on a local currency basis).

Retail segment sales decreased 5.7% to $723.6 million in the second quarter of 2012 compared to the second quarter of 2011, reflecting a same-store sales decrease of 1.8% due to unfavorable foreign currency translation and reduced store transactions.

Send to a Friend

08.02.2012

The Bon-Ton Stores, Inc. Announces July Sales

The Bon-Ton Stores, Inc. today announced comparable store sales in the four weeks ended July 28, 2012 were even with last year. Total sales decreased 0.1% to $173.4 million in the current year compared with $173.6 million in the prior year period.

For the second quarter of fiscal 2012, comparable stores sales increased 0.1%. Total sales for the thirteen weeks ended July 28, 2012 decreased 0.1% to $594.9 million compared with $595.5 million for the prior year period.

Year-to-date comparable store sales decreased 0.6%. Year-to-date total sales decreased 0.8% to $1,235.6 million compared with $1,245.4 million in the same period last year.

Send to a Friend

08.02.2012

Stein Mart, Inc. Reports July 2012 Sales

Stein Mart, Inc. today reported comparable store sales for the four-week period ended July 28, 2012 increased 2.8 percent. Total sales for the period were $69.9 million, an increase of 4.0 percent from $67.2 million in the same period in 2011.

Send to a Friend

08.02.2012

Macy's, Inc. Same-Store Sales Up 4.1% in July

Macy's, Inc. today reported total sales of $1.693 billion for the four weeks ended July 28, 2012, an increase of 5.1 percent compared with total sales of $1.611 billion in the four weeks ended July 30, 2011. On a same-store basis, Macy's, Inc. sales were up 4.1 percent in July 2012 as compared to July 2011.

For the second quarter of 2012, the company’s total sales were $6.119 billion, up 3.0 percent from total sales of $5.939 billion in the same 13-week period last year. On a same-store basis, Macy’s, Inc.’s second quarter sales were up 3.0 percent.

For the year to date, Macy’s, Inc.’s sales totaled $12.262 billion, up 3.7 percent from total sales of $11.828 billion in the first 26 weeks of 2011. On a same-store basis, Macy’s, Inc.’s year-to-date sales were up 3.7 percent.

Send to a Friend

08.02.2012

Target Reports July Sales Results

Target Corporation today reported that its net retail sales for the four weeks ended July 28, 2012 were $4,995 million, an increase of 3.2 percent from $4,840 million for the four weeks ended July 30, 2011. On this same basis, July comparable-store sales increased 3.1 percent.

Send to a Friend

08.01.2012

F+W Acquires Aspire Media

F+W has purchased Aspire Media, a Loveland, Colorado-based enthusiast publisher serving the craft market and backed by private equity firms Frontenac Company and Catalyst Investors. Terms of the deal were not released, but F+W CEO David Nussbaum says it will add another 30 percent of revenue to the company.

Aspire Media was formed in 2005 with the acquisition of Interweave and is headed by CEO Clay Hall who, along with Aspire CFO Troy Wells, will be leaving the company post-sale. The company has grown into a well-integrated, multiplatform business with products spanning print, digital, e-commerce, live events and television.

The deal substantially increases F+W's footprint in the craft market, giving the company 15 art and craft magazines, 30 special newsstand publications, a book division, 11 consumer events and a significant digital operation with 33 websites and 10 online communities.

Send to a Friend

08.01.2012

American Booksellers Association and Barnes & Noble Seek Voice in Department of Justice Case on eBook Pricing and Distribution

The American Booksellers Association (ABA) and Barnes & Noble filed a motion today to become a “friend of the court” in proceedings pending in the U.S. District Court for the Southern District of New York with respect to the settlement by three publishers of a lawsuit brought by the Department of Justice against Apple and five publishers regarding e-book pricing and distribution. Apple and two publishers have not settled the lawsuit.

In the joint filing, the ABA and Barnes & Noble argue that elimination of the current pricing and distribution method for e-books, known as the agency model, will injure innocent third parties, including ABA member bookstores, Barnes & Noble, authors, and non-defendant publishers; hurt competition in an emerging industry; and ultimately harm consumers. "The end loser of this unnecessary and burdensome regulatory approach will be the American public, who will experience higher overall average e-book and hardback prices and less choice," the filing said.

Under the Department of Justice’s proposed consent decree, which would affect the publishers Hachette, HarperCollins, and Simon & Schuster, the publishers would be forced to terminate their current agency agreements with ABA bookstore members and Barnes & Noble. The decree would restrict the publishers from entering similar agency agreements for two years.

The filing today noted that of the 868 public comments received by the Department of Justice on this matter, more than 90 percent opposed the proposed consent decree.

Send to a Friend

08.01.2012

Western Reports Second Quarter 2012 Results

Western Forest Products Inc. today announced results for the second quarter of 2012. The Company reported EBITDA of $20.4 million for the second quarter of 2012 compared to EBITDA of $9.3 million for the first quarter of 2012 and $21.2 million for the second quarter of 2011.
Q2 2012 HIGHLIGHTS
EBITDA of $20.4 million, up from the $9.3 earned million in Q1 2012
Top line revenues grew by 16% compared to Q2 2011 on increased lumber and log shipment volumes
Announced a $6.7 million investment in auto grading technology for our Alberni Pacific sawmill

Send to a Friend

08.01.2012

Torstar Corporation Reports Second Quarter Results

Torstar Corporation today reported financial results for the second quarter ended June 30, 2012.

Highlights for the quarter:
Revenue was $383.9 million in the second quarter of 2012, down $9.4 million (2.4%) from $393.3 million in the second quarter of 2011.
EBITDA was $59.8 million in the second quarter of 2012, down $5.9 million from $65.7 million in the second quarter of 2011.
Net income attributable to equity shareholders was $35.7 million ($0.45 per share) in the second quarter down $77.0 million ($0.97 per share) from $112.7 million ($1.42 per share) last year. The second quarter of 2011 included a gain of $74.6 million ($0.94 per share) from the sale of Torstar's investment in CTV Inc.

Send to a Friend

08.01.2012

Time Warner Inc. Reports Second Quarter 2012 Results

Time Warner Inc. today reported financial results for its second quarter ended June 30, 2012.

Revenues decreased 4% to $6.7 billion and Adjusted Operating Income declined 5% to $1.2 billion in the second quarter of 2012 due to growth at the Networks segment offset by declines at the Film and TV Entertainment and Publishing segments as well as a significant year-over-year increase in intersegment eliminations. Adjusted Operating Income margins were 18% for the second quarter of both 2012 and 2011. Operating Income decreased 16% to $1.1 billion, while Operating Income margins were 16% for the second quarter of 2012 compared to 18% for the prior year quarter.

Send to a Friend

08.01.2012

Sun Chemical to Raise Prices on Inks in Brazil

Faced with the continued devaluation of the Brazilian Real versus the U.S. dollar, Sun Chemical will raise prices on inks in Brazil by 5 percent, effective August 1, 2012.

“With prices to our customers in reais and the majority of our costs in U.S. dollars, this increase is necessary because of the continued weakening in our local currency,” said Greg Lawson, President, Sun Chemical Latin America. “We are committed to continue delivering world class quality, service, innovation and value to our customers as we work through these challenging times together.”

Send to a Friend

08.01.2012

Smurfit Kappa Group plc Announces Results for the 3 months and 6 months ending 30 June 2012

Highlights: Strong EBITDA performance of €500 million in H1. Integrated system underpins quality of earnings
Robust free cash flow of €63 million in Q2. Free cash flow generation will accelerate in H2
Net debt reduced by over €500 million in last 2 years. Net debt/EBITDA of 2.8x well within stated target
Containerboard price increases announced
Full year EBITDA guidance re-affirmed

Gary McGann, Smurfit Kappa Group CEO, commented: “SKG is pleased to report a strong EBITDA of €500 million for the first half. This performance is underpinned by the strength of our integrated model, relatively stable box prices in the period, and our continuing focus on cost take-out and operating efficiency. Our Latin American business continues to provide us with geographic diversity, superior margins, and good growth prospects.

In a challenging macro-economic environment, our European box volumes remained stable in the second quarter. This further demonstrates the resilience of our business and the value that our customers place in our strong market offering, service led approach and unrivalled innovation capabilities.

Send to a Friend

08.01.2012

RR Donnelley Reports Second-Quarter 2012 Results

R.R. Donnelley & Sons Company today reported second-quarter 2012 net earnings attributable to common shareholders of $88.8 million, or $0.49 per diluted share, on net sales of $2.5 billion compared to net earnings of $12.2 million, or $0.06 per diluted share, on net sales of $2.6 billion in the second quarter of 2011. Second-quarter 2012 net earnings attributable to common shareholders included pre-tax charges for restructuring ($25.7 million) and impairment ($8.3 million, non-cash), a pre-tax loss on an investment of $4.1 million (non-cash), and acquisition-related expenses ($0.5 million), offset by the recognition of previously unrecognized tax benefits ($26.1 million, non-cash). Second-quarter 2011 net earnings attributable to common shareholders included pre-tax charges for restructuring ($51.4 million) and impairment ($24.3 million, non-cash), a loss on debt extinguishment ($68.6 million), and acquisition-related expenses ($0.9 million), partially offset by a pre-tax gain on an investment of $9.8 million (non-cash).

Net sales in the quarter were $2.5 billion, down $94.8 million, or 3.6%, from the second quarter of 2011. Pro forma for acquisitions, net sales decreased 4.0%, as a 164 basis point unfavorable impact of changes in foreign exchange rates, volume declines in certain product offerings, price erosion and a 53 basis point unfavorable impact due to lower pass-through paper sales more than offset volume growth in certain product offerings. Gross margin of 23.5% in the second quarter of 2012 declined from 24.5% in the second quarter of 2011 as an unfavorable product mix, volume declines, unfavorable pricing on by-products and pricing pressure more than offset lower pension expense and productivity improvements. SG&A expense as a percentage of net sales in the second quarter of 2012 improved to 10.9% from 11.8% in the second quarter of 2011 primarily due to lower pension expense and productivity improvements resulting from focused cost reduction actions. Operating earnings in the quarter were $163.9 million, which were impacted by restructuring and impairment charges and acquisition-related expenses totaling $34.5 million in the second quarter of 2012, compared to operating earnings in the second quarter of 2011 of $116.1 million, which included restructuring and impairment charges and acquisition-related expenses totaling $76.6 million.

Send to a Friend

08.01.2012

Grand Tablet Experiment Shrinks As The Daily Cuts Staff

Can the iPad and its nascent business models really support a fully staffed news organization pouring multimedia assets into a daily app? Well, probably not really…or not yet. That appears to be the implied verdict from News Corp. More than a year after launching its ambitions daily news service for tablets (and more recently smartphones), The Daily is losing 29% of its workforce or 50 full time employees.

Nevertheless, News Corp. insists that the moves are designed to streamline an effort that will continue to develop. Sports content now will be provides mainly by partners such as Fox Sports as that division is folded in with the Opinion section. These two areas of The Daily content experienced the lightest usage. There will no longer be a separate Opinion section. Instead commentary will appear is clearly marked places throughout news content.

The Daily says that it will enhance the presence of the features that drew the most reader support, including original reporting, visual content, interactive features, infographics and video. The app will now work solely in portrait mode, which the large majority of users seemed to prefer.

News Corp says that the changes reflect the priorities of the readers and the “needs of the business.” While the company has claimed to exceed 100,000 subscriber to the paid daily, almost all tablet app advertising is still struggling to get consistent support from advertisers.

Send to a Friend

08.01.2012

Glatfelter Reports Strong Second Quarter 2012 Results

Glatfelter today reported 2012 second quarter adjusted earnings of $5.3 million, or $0.12 per diluted share, compared with $3.1 million, or $0.07 per diluted share, in the 2011 second quarter. On a GAAP basis, second quarter 2012 net income totaled $13.4 million, or $0.31 per share, compared with $2.5 million, or $0.05 per share, in the second quarter of 2011. Consolidated net sales in the second quarter of 2012 totaled $384.7 million, a decrease of 3.3 percent from the second quarter of 2011.

On a year-over-year basis, Specialty Papers’ net sales decreased 1.2 percent as shipping volumes declined 2.6 percent partially offset by a $2.6 million benefit from higher selling prices.

Composite Fibers’ net sales decreased $7.7 million, or 6.7 percent, primarily due to the translation of foreign currencies which unfavorably impacted the comparison by $9.4 million while selling prices were substantially unchanged.

On a year-over-year basis, Advanced Airlaid Materials’ net sales decreased $2.9 million or 4.5 percent primarily due to a $4.3 million unfavorable impact from the translation of foreign currencies. Volumes shipped increased 2.0 percent and average selling prices declined slightly in the comparison.

Send to a Friend

08.01.2012

Costco Wholesale Corporation Reports July Sales Results

Costco Wholesale Corporation today reported net sales of $7.25 billion for the month of July, the four weeks ended July 29, 2012, an increase of eight percent from $6.74 billion during the similar period last year.

For the forty-eight weeks ended July 29, 2012, the Company reported net sales of $87.71 billion, an increase of nine percent from $80.18 billion during the similar period last year.

Send to a Friend

08.01.2012

Oil Near 2-Week Low on Concern Banks May Not Intervene

Oil traded near the lowest level in more than two weeks in New York as concern that central banks won’t act to stimulate a slowing global economy outweighed signs of decreasing supplies.

Futures were little changed after earlier falling 0.6 percent as measures of manufacturing in China and Australia weakened. The U.S. Federal Reserve will forgo announcing a third round of asset purchases after a two-day meeting ends today, according to 88 percent of economists surveyed by Bloomberg News. European Central Bank policy makers meet tomorrow. U.S. crude stockpiles shrank 11.6 million barrels last week, the most since September 2008, the American Petroleum Institute said.

“The looming slowdown in the economy is setting the tone in the short term,” said Gerrit Zambo, an oil trader at Bayerische Landesbank in Munich who predicts prices will remain capped close to current levels unless central banks bolster stimulus plans. “Economic numbers don’t seem to get better, as with Chinese manufacturing. The fundamentals don’t look very good at the moment, with the situation in Europe far from being solved.”

Crude for September delivery was at $88.20 a barrel, up 14 cents, in electronic trading on the New York Mercantile Exchange at 10:48 a.m. London time. The contract yesterday decreased $1.72 to $88.06, the lowest close since July 13.

Send to a Friend

08.01.2012

MOD-PAC CORP. Reports Second Quarter 2012 Financial Results

MOD-PAC CORP., a high value-added, on-demand print services firm that designs and manufactures custom and stock folding cartons, reported total revenue of $13.5 million for the second quarter of 2012, which ended June 30, 2012, compared with $13.4 million for the second quarter of 2011. The 1.0% increase in product revenue reflected higher custom folding carton sales partially offset by lower graphic service charges, stock packaging sales and waste paperboard sales.

Net loss for the second quarter of 2012 was $120 thousand, or ($0.04) per diluted share, compared with net income of $479 thousand, or $0.14 per diluted share, in the second quarter of 2011. Despite consistent sales, sales mix, combined with soft waste paperboard sales and higher employee benefit costs had an adverse effect on margins.

Sales of custom folding cartons were up 2.8% to $11.1 million in the 2012 second quarter from $10.8 million in the prior-year second quarter driven by the sales ramp-up of a new customer, increased business from several large customers, partially offset by decreased business from existing customers. A soft waste paperboard market also negatively impacted revenue.

Stock packaging sales decreased 6.3%, or $104 thousand, to $1.5 million in the second quarter primarily as a result of timing related to the Easter holiday period.

Personalized print sales, which comprised 5.5% of Product sales, were $734,000 in the second quarter of 2012.

Send to a Friend

Paperclips Blog | Fraser Papers Results

View by Week:

Category:

Popular Keywords