Paperclips Blog | Stora Enso Results

  • 10.30.2012

    Heidelberg Further Expands its Consumables Business

    Heidelberger Druckmaschinen AG (Heidelberg) is further expanding its consumables business in Switzerland by taking over the Pfaffnau-based OFS Group (OFS). With a workforce of around 25, OFS is one of the leading suppliers of prepress systems and consumables in Switzerland, and has been active in the market for over 40 years. The main focus of the company has been on the sale of platesetters in conjunction with the corresponding printing plates from Kodak for the sheetfed offset and newspaper market. As a result of this takeover, Heidelberg Schweiz AG is now the largest dealer in consumables in the graphics industry.

    "The OFS Group and Heidelberg have a comprehensive sales and service network in Switzerland. By combining the activities of the two companies in the area of consumables, customers now have access to a wide range of products from a single source. At the same time, they will benefit from the renowned high quality and service standards of Heidelberg," says Peter Tix, Head of Consumables and CtP at Heidelberg. Heidelberg plans to pool all of its Swiss consumables activities at the OFS's former headquarters in Pfaffnau. In the future, customers will not only be able to purchase the OFS Group's existing range of CtP systems and printing plates for the offset and newspaper market from Kodak, they will also have access to the full Heidelberg range of SAPHIRA consumables including inks, varnishes, washup cloths, blankets, chemicals, rollers, and the SAPHIRA Eco Line of environmentally friendly consumables - all from a single source. Heidelberg will also be underlining its high standard of service with a new color mixing station - a fully-automated, high-precision system that is among the most state-of-the-art in Switzerland. Customers in Switzerland can order most products online at www.shop.heidelberg.com.

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  • 10.30.2012

    FT Continues Strong Digital Growth in Q3 Earnings

    The Financial Times has more digital subscribers than print and that gap is only growing.
     
    Digital subscriptions increased again in Q3--up 17 percent since January and 26 percent year-over-year--and now account for 313,000 of the 600,000-plus combined subscribers, according to FT ownership group Pearson who released its nine-month interim management statement on Monday. FT reaches an audience of close to 2.1 million daily.
     
    The publisher first announced digital subscriptions had surpassed print at the halfway mark of this year. At that point, "over 300,000" readers were paying for digital content.
     
    Despite the good news on the subscriber front, Pearson issued harsh commentary on the state of its advertising business for the second-consecutive quarter, saying prospects "remain[] weak and short-term." The statement did note that its advertising market share had increased however.
     
    Today's news comes weeks after The Economist--in which the FT Group holds a controlling stake--became one of the first magazine publishers to guarantee a rate base of digital-only subscribers. Set at 50,000, the move was heralded as a way to attract advertisers through transparency in a notoriously hazy digital arena.
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  • 10.30.2012

    IBM predicts mobile consumer spending spree

    Everyone knows that online consumer purchasing increases as the holiday season nears. However, IBM's latest  Online Retail Index, comprised of roughly 500 online retailers in the U.S., projects tremendous growth in mobile sales during the holiday season over the same period last year.
     
    While the projected 3.1% overall increase in online sales is consistent with past growth associated with holiday shopping, IBM anticipates mobile purchasing will constitute 20% of online holiday sales this year.
     
    This percentage has consistently doubled over the past two years—hitting 5.5% in 2010 and 11% in 2011. Jay Henderson, global strategy program director for IBM's Enterprise Marketing Management division, doesn't anticipate a slowdown of mobile purchasing activity in the coming years. “I do think at some point we'll likely see mobile plateau, but it's got a long run until we get to that point,” Henderson says, attributing the increase to the proliferation of smartphones and tablets.

    During the holiday season, IBM will further break down spending figures on mobile phones versus tablet devices; at this point, it doesn't differentiate between spending on mobile apps versus mobile web pages.

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  • 10.30.2012

    Courier to Bring Digital Print to Kendallville Plant

    Courier Corporation, one of America’s leading innovators in book manufacturing, content management and publishing, today announced its plans to provide complete end-to-end digital production capability at its flagship four-color plant in Kendallville, Indiana.

    The heart of the new production line will be a high-volume HP T410 Color Inkjet Web Press, Courier’s fourth HP digital press and its largest to date. With three HP T350 presses already running at its plant in North Chelmsford, Massachusetts, Courier opted for the greater capacity and flexibility of the T410, with its 42-inch web width, to serve an even larger customer base across a full range of run lengths at the Indiana plant.

    Other key components include HP’s new Indigo 10000 digital press for book covers, a Muller Martini binding line and extensive warehousing and distribution facilities. The new equipment is scheduled to be installed over the winter for ramp-up next spring at a cost of approximately $13 million, which will bring Courier’s total investment in digital production to $40 million.

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  • 10.30.2012

    Oil Trades Near Four-Month Low as Sandy Shuts Refineries

    Oil traded near the lowest level in almost four months in New York and headed for the biggest monthly decline since May after refiners reduced operations on the U.S. East Coast because of Atlantic storm Sandy.

    Futures were little changed after sliding as much as 0.5 percent. Phillips 66, Hess Corp., NuStar Energy LP (NS) and PBF Energy Inc. shut or lowered output prior to Sandy making landfall. Sandy, the largest storm in the Atlantic on record, has been downgraded to a post-tropical cyclone by the U.S. National Hurricane Center. Gasoline declined from the highest level in almost two weeks.

    “You will lose some crude demand with the shutdown of the refineries, and that is mildly bearish,” said Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas SA in London. “But unlike in the Gulf Coast, there are no crude production areas to be impacted and thus little supply- side effects on crude prices.”

    West Texas Intermediate crude for December delivery was at $85.62 a barrel, up 8 cents, at 9:19 a.m. London time. The contract closed at $85.54 yesterday, the lowest since July 10.

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  • 10.30.2012

    Sonoco Awarded Two Golden Cylinders for Flexible Packaging Innovations

    Sonoco, one of the largest diversified global packaging companies, received two Golden Cylinder Awards for flexible packaging innovations from the Gravure Association of America (GAA) at its recent Packaging and Products Conference held in Chicago, Ill. 

    Flexible stand-up pouches produced by Sonoco for LEGO Group's Hero Factory toy lines received GAA's "Best of the Best" recognition in the Packaging Category for delivering a new, reclosable flexible packaging option with high-impact graphics. The graphics provide unique differentiation on retail store shelves, said Bob Puechl, vice president, Sonoco Flexibles. 

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  • 10.29.2012

    What Authors Want From Open Access Publishing

    John Wiley & Sons, Inc., today announced the results of an author survey on open access, with over ten thousand respondents from across Wiley’s journal portfolio. The research explored the factors that authors assess when deciding where to publish, and whether to publish open access.  Among the top factors considered by authors were the relevance and scope of the journal, the journal’s impact factor and the international reach of the journal.
     
    Over 30% of respondents had published at least one open access paper, and 79% stated that open access was more prevalent in their discipline than three years ago. In the survey, an open access article was defined as “free for all to read, download and share online and the author, their institution or funding body pays a fee to ensure that the article is made open access.”
     
    Among authors yet to publish open access, the list of reasons given included a lack of high profile open access journals (48%), lack of funding (44%) and concerns about quality (34%). Authors said they would publish in an open access journal if it had a high impact factor, if it were well regarded and if it had a rigorous peer review process.
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  • 10.29.2012

    Pactiv Launches EarthChoice® 25 Percent Post Consumer Recycled Content Foam Food Service Packaging Products*

    Pactiv LLC a leader in the food service packaging industry, has introduced EarthChoice® 25 percent Post Consumer Recycled Content Foam Foodservice packaging, for disposable food service needs. The comprehensive line of EarthChoice® contains six foam hinged lids and a five compartment school lunch tray.

    The definition for post consumer recycled content is:
    Materials that have been used by consumers and diverted from landfills to be integrated into new products.

    U.S. FDA compliant for food packaging applications, these new carry-out containers are ideal for a wide variety of foodservice applications while delivering greater performance than ever before. From a smart optional venting system on our medium and large hinged lids with dependable closures to increased structural strength and optimized cube utilization, our foam hinged lids now give you reliability, customer convenience and unmatched value.

    Pactiv’s EarthChoice® 25 Percent Post Consumer Foam products are manufactured in the U.S., which lessens the environmental impact from transportation and distribution. And, Pactiv customers can combine their EarthChoice® selections with other Pactiv products for optimal truck loading.

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  • 10.29.2012

    OJI Announcement Concerning a New Joint Venture in India

    As already announced, we (“Oji”) had incorporated an Indian subsidiary Oji India Packaging Pvt Ltd (“Oji India Packaging”), effective June 20, 2012, for the purpose of starting Corrugated Container Business in India. We are pleased to announce that the Business Plan for Oji India Packaging has recently been approved.
     
    It has now been decided to conduct the business under a Joint Venture to be formed by Oji, JK Paper Ltd. (“JK”), who is a leading manufacturer of pulp and paper in India, and Marubeni Corporation in Japan. Three parties have executed a Joint Venture Agreement effective today.
     
    Oji will continuously seek opportunities to meet the increasing demand of corrugated packaging materials in India, which is growing at a healthy rate in line with economic growth.
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  • 10.29.2012

    MOD-PAC CORP. Receives Proposal From Its Chairman of the Board and Its President and CEO to Acquire the Company

    MOD-PAC CORP., a high value-added, on-demand print services firm that designs and manufactures custom and stock folding cartons, today announced that it has received a formal proposal from Daniel G. Keane, Director, President and Chief Executive Officer and Kevin T. Keane, Chairman of the Board, (the “Buying Group”) to acquire the Company. Under this proposal, all stockholders of the Company would receive $7.20 in cash for each of their shares in a merger transaction. The Buying Group currently controls approximately 43% of the aggregate voting power of the outstanding shares of Common Stock and Class B Common Stock.

    MOD-PAC plans to form a Special Committee of its Board of Directors which will review and consider the Buying Group’s proposal on behalf of the Company. The Special Committee will retain a legal advisor and an independent financial advisor to assist it in its consideration of the proposal.

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  • 10.29.2012

    KP Tissue Inc. Files Preliminary Prospectus for Initial Public Offering

    KP Tissue Inc. announced today that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with a proposed initial public offering of its common shares. A copy of this preliminary prospectus will be available on SEDAR (www.sedar.com).

    The offering is being made through a syndicate of underwriters led by Scotia Capital Inc. as Sole Bookrunner, National Bank Financial Inc., RBC Dominion Securities Inc. and TD Securities Inc., and also includes CIBC World Markets Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and Canaccord Genuity Corp.

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  • 10.29.2012

    Ilim Group's Mills in Siberia Produce 1.1 Mln Tons of Products in the First Nine Months of 2012

    Over the first three quarters of 2012, Ilim Group’s Bratsk and Ust-Ilimsk Mills (Irkutsk Oblast) manufactured 1,099,000 tons of pulp and paper products. As compared to the January-September 2011, production output remained flat.

    This includes 933,000 tons of market pulp, which is slightly better than the similar period performance in the previous year.

    Market containerboard production totaled 166,000 tons, which is 5% below the first nine months of 2011. Decrease in production output is due to market demand for reduced basis weight board, which leads to output decrease in terms of tons produced.

    Pulp cooking volumes have not changed significantly and amounted to 1,194,000 tons.

    Ilim Group's harvesting operations in Siberia have increased by 6% as compared to the similar period in 2011 to reach 5,005 thousand cubic meters.

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  • 10.29.2012

    Oil Slides, Gasoline Gains as Hurricane Sandy Nears U.S.

    Crude fell for the first time in three days in New York while gasoline rose as refineries curbed operations before Hurricane Sandy strikes the U.S. East Coast.

    West Texas Intermediate futures slid as much as 1 percent, while prices of the motor fuel advanced as much as 1.9 percent. Sandy will probably make landfall tomorrow, according to a National Hurricane Center advisory. Phillips 66, NuStar (NS) Energy LP and Hess Corp. (HES) said they are shutting or reducing output at New Jersey refineries as a precaution against the storm that may become the worst to hit the region in 100 years.

    “The crude supply situation has improved, and high inventories are capping prices,” said Michael Poulsen, an analyst at Global Risk Management in Middelfart, Denmark, who predicts that Brent will trade from $105 to $110 a barrel next month. “But we should watch out for Super-Storm Sandy, as refineries are being shut while the storm rages.”

    WTI for December delivery dropped as much as 94 cents to $85.34 a barrel in electronic trading on the New York Mercantile Exchange and was at $85.58 at 8:49 a.m. London time.

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  • 10.29.2012

    Bertelsmann and Pearson to Combine Book Businesses

    The international media groups Bertelsmann and Pearson announced today that they will combine the activities of their respective trade-book publishing companies, Random House and Penguin Group. Bertelsmann will own 53 percent, Pearson 47 percent. The closing of the transaction is scheduled to take place in the second half of 2013, following regulatory approval.

    The announcement of the combination was made today in Gütersloh, Germany by Thomas Rabe, Chairman and CEO of Bertelsmann, and in London by Marjorie Scardino, Chief Executive of Pearson.

    Upon closing, Markus Dohle, Chairman and Chief Executive Officer of Random House worldwide, will be CEO of the new group. John Makinson, Chairman and CEO of Penguin, will become Chairman of the Board of Directors. Additional senior executive appointments will be announced in due course. Bertelsmann will appoint five representatives to the group's Board of Directors, Pearson four. The new name will be Penguin Random House. Until the closing, the companies will maintain their current separate operations and continue conducting business independently.

    The new publishing group will include all the publishing divisions and imprints of Random House and Penguin in the United States, Canada, the United Kingdom, Australia, New Zealand, India, South Africa, as well as Penguin's publishing company in China, and Random House's Spanish-language publishing operations in Spain and Latin America. Random House's Munich-based German-language publishing company, Verlagsgruppe Random House, will not be part of the Group and will remain at Bertelsmann. In the new company, the publishing imprints of Random House and Penguin will continue to publish their books with the autonomy they presently enjoy, and retain their distinct editorial identities.

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  • 10.29.2012

    Domtar Corporation Invests $30 Million To Re-purpose Bennettsville, South Carolina Mill

    Domtar Corporation will invest $30 million to re-purpose its mill facility in Bennettsville, Marlboro County, South Carolina to align with shifting market demands in the paper industry.

    The company plans to invest in the plant over the next year as part of a previously announced long-term supply agreement with Appleton Papers Inc. of Appleton, Wisconsin. The capital project will re-purpose the facility to allow the mill to shift its production capacity towards the manufacture of specialty and packaging base papers, effectively replacing a significant volume of communication paper-making capacity currently manufactured at Marlboro.

    “We are excited to expand our Marlboro County operations. This is good news for our 325-plus employees, and it’s good news for the community,” said Bill Edwards, vice-president and mill manager at Domtar’s Marlboro mill. “The conversion of our production capacity is an example of Domtar adapting to meet market demands for the long-term. The Marlboro mill’s cost competitiveness and agility in serving the needs of our customers will allow us to continue being an important part of the economic fabric of Bennettsville, and keep jobs in Marlboro County for many years to come. ”

    The Bennettsville facility was previously expanded in 2009 when the company added a steam turbine generator to produce electricity for the plant. The Marlboro County mill has been in operation since 1990 and became a part of Domtar in 2007. The mill has an annual paper production capacity of about 320,000 tons.

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  • 10.29.2012

    Marubeni to Take Stake in Oji Paper’s Indian Unit – Report

    Marubeni Corp. said Thursday that it and Indian papermaker JK Paper Ltd. have agreed with Oji Holdings Corp. to acquire a 20% equity stake each in Oji’s Indian subsidiary, Oji India Packaging Private Ltd., through a third-party allotment of new shares, to satisfy growing demand for cardboard products in India, Kyodo News reported.

    Under the accord, Oji Holdings’ equity stake will come to 60% in the cardboard company in Gurgaon, Haryana, with the name of the company to be changed to Oji JK Packaging Private Ltd.

    Investments in the company will amount to 1.46 billion rupees or Y2.2 billion with the company’s capital coming to 730 million rupees or Y1.1 billion.

    The highly value-added cardboard products market in India has been growing 10% annually with demand for the products expanding in tandem with increases in the number of Japanese and other foreign companies setting up their business bases in India, it said.

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  • 10.29.2012

    Sonoco Announces New Brand for its Protective Packaging Division

    With the integration of Tegrant Corporation into Sonoco approaching its one-year anniversary, Sonoco is rolling out a new brand for its growing protective packaging segment, Sonoco Protective Solutions.

    The new protective packaging segment is comprised of Sonoco's legacy protective packaging businesses, as well as Tegrant's three brands: Alloyd, Protexic and ThermoSafe. Sonoco Protective Solutions provides highly engineered, custom-designed fiber-based and expanded-foam protective packaging, temperature-assurance packaging and retail security packaging solutions.

    "This branding strategy allows us to successfully leverage our diverse technologies and the combined talents of our protective packaging employees. It also allows us to take advantage of the Sonoco name while continuing to build on the Company's strong reputation for total solutions capabilities," said Ron Leach, vice president, Sonoco Protective Solutions.

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  • 10.26.2012

    Stein Mart, Inc. Opens Seven Stores This Fall

    Stein Mart is expanding its presence with the opening of seven stores this fall. The new stores are located in Surprise, Ariz.; Katy, Texas; Tucson, Ariz.; and Charlottesville, Va. The McAllen, Texas; Biloxi, Miss.; and San Dimas, Calif. stores are a relocation of another area store to improve sites. The four new and three relocated stores bring Stein Mart's total store count to 263 at the end of this year.

    "We are pleased to announce the expansion of our footprint in Charlottesville and these existing markets," stated Jay Stein, chairman of Stein Mart. "Our core customers have embraced the Stein Mart concept and through this expansion we further solidify our position as a leading retailer offering brand name fashion at everyday low prices."

    Each store hosts a pre-grand opening event with proceeds benefitting a local charity in that store's area. The stores are located at:
    • 13712 W. Bell Road, Surprise, Ariz. (opened Sept. 20 in Surprise Town Center)
    • 800 E. Expressway 83, Suite 200, McAllen, Texas (opened Sept. 20 in Las Tiendas Plaza)
    • 2650 Beach Blvd., Suite 36, Biloxi, Miss. (opened Sept. 27 in Edgewater Village)
    • 826 W. Arrow Highway, San Dimas, Calif. (opened Oct. 18 in San Dimas Marketplace)
    • 6565 S. Fry Road, Katy, Texas (opens Oct. 25 in Grand Lakes Market Place)
    • 100 Shoppers World Court, Charlottesville, Va. (opens Oct. 25 in Shoppers World)
    • 5555 E. Broadway Boulevard, Tucson, Ariz. (opens Nov. 8 in 5555 Broadway)

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  • 10.26.2012

    Random House, Penguin May Merge

    Responding to persistent media reports, mostly from European outlets, that Pearson and Bertelsmann are discussing a possible merger of Penguin and Random House, Pearson issued the following statement Thursday confirming talks. “Pearson confirms that it is discussing with Bertelsmann a possible combination of Penguin and Random House. The two companies have not reached agreement and there is no certainty that the discussions will lead to a transaction. A further announcement will be made if and when appropriate.”

    If a deal does go through, it will unite the two largest trade houses in the U.S., including the two dominant publishers of mass market paperbacks. In 2011, Random House had worldwide revenue of 1.75 billion euros ($2.2 billion at current exchange rates) while Penguin Group had total sales of 1.04 billion pounds ($1.70 billion at current rates). Their combined American operations would have sales of about $1.8 billion, giving Random House Penguin about a 16% share of the trade market based on BookStats industry estimates of trade sales of just under $12.5 billion (excluding religion). With that type of market share, it would be difficult for Amazon, or any other online retailer, to turn off buy buttons if they disagreed over some business decision, one analyst noted. The combination would also have enough financial heft to increase direct-to-consumer efforts beyond the struggling Bookish. Others see this as a move to plug some holes in both companies' worldwide operations, although both publishers have well-established businesses in the major English-language countries.

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  • 10.26.2012

    U.S. Postal Service to Offer Six Money-Saving Mailing Promotions in 2013

    To help marketers prepare earlier for upcoming mail promotions, the U.S. Postal Service for the first time is publishing a yearly promotions calendar. The “2013 Mailing Services Promotions Calendar” will include six promotions designed to generate continued interest in the various uses and benefits of mobile barcodes in direct mail, as well as provide opportunities for marketers to be more successful with traditional integrated marketing campaigns.

    “The promotions that are being planned for the coming year will help grow awareness of the ways in which technology can improve the effectiveness of direct mail,” said Gary Reblin, vice president, Domestic Products. “The ‘2013 Mailing Services Promotions Calendar’ also will give commercial mailers more time to plan their campaigns so that they can take full advantage of both postage savings and marketing opportunities to engage their customers with targeted, tangible and personal communications.”

    March 1 – April 30, 2013:
    • Mobile Coupon/Click-to-Call—This promotion provides an upfront postage discount on the integration of mail with mobile technology and will promote the value of direct mail in two ways.

    April 1 – June 30, 2013:
    • Earned Value Reply Mail Promotion—Customers who include First-Class Mail Business Reply and Courtesy Reply envelopes will receive postage credit for each returned piece that is scanned in the postal network.

    Aug. 1 – Sept. 30, 2013:
    • Emerging Technologies—Building on the successes of past mobile barcode promotions, this promotion provides an upfront postage discount for customers who integrate specific emerging technologies into their mail campaigns.

    • Picture Permit—The Picture Permit promotion is designed to promote the use of Picture Permit imprint indicia, which can improve a mailpiece’s visibility and impact as a marketing tool.

    • Product Samples—Designed to re-invigorate product sampling via the mail, the Product Samples promotion will provide mailers with an upfront postage discount on qualifying mail that contains product samples.

    Nov. 1 – Dec. 31, 2013:
    • Mobile Buy-it-Now—This promotion provides mailers with an upfront postage discount to encourage them to adopt and invest in technologies that enhance how consumers interact and engage with mail and demonstrate how direct mail combined with mobile technology can be a convenient method for consumers to do their holiday shopping.

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  • 10.26.2012

    Report: Facebook brand engagement up 896%

    Facebook brand engagement has risen 896% on a year-over-year basis, according to a new study from Adobe Systems Inc., with mobile users accounting for nearly one-quarter of all engagement.

    Engagement on Facebook is expected to surge in the fourth quarter, Adobe's Digital Index for third quarter 2012 points out, as brands continue to invest in social marketing and take advantage of the latest Facebook platform changes (e.g., Timeline) to target consumers.

    “Mobile and social continue to play key roles in digital marketing growth,” said David Karnstedt, SVP, media and advertising solutions, digital marketing business, Adobe. “Smart marketers are activating this data; taking advantage of opportunities such as advertising on smartphones and tablets as well as capitalizing on Facebook's platform changes to reach customers in a more personalized way. By strategically adding these elements, marketers exponentially increase their overall ROI and can then accurately attribute value to each channel.”

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  • 10.26.2012

    Kimberly-Clark Introduces Innovative Smart-Fold Sterilization Wrap Designed with 64 Percent Greater Strength

    Kimberly-Clark today announced the launch of Kimguard Smart-Fold Sterilization Wrap, an innovative sterilization packaging designed to provide the durability necessary for the most demanding applications. Smart-Fold features triple-layer reinforcement, making it 64 percent more durable than the leading sterilization wrap, to protect the heaviest procedure trays and loaner sets from tears and cuts that can occur during handling. The extra reinforcement also translates to fewer trays being returned for reprocessing.
     
    Smart-Fold Wrap was developed in collaboration with sterilization professionals from around the world to meet customers' need for extra protection for sterilized surgical instruments. Its patented design is engineered to fit the most challenging procedure trays and reduce waste. The innovative positioning strips allow for 59 percent faster wrapping, resulting in less physical strain on staff and less training time. In fact, 96 percent of users indicated that Smart-Fold is easier to use.
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  • 10.26.2012

    Ilim Group's Output in the Northwest is up 3%

    In the period from January to September 2012, Koryazhma Mill (Arkhangelsk Oblast) manufactured 826,000 tons of pulp and paper products, which is 3% above the same period last year.

    This includes 288,000 tons of market pulp, which is an 8% increase against the first three quarters of 2011.

    Market containerboard output remained flat at 359,000 tons.

    Paper output increased by 5%, reaching 179,000 tons in the first nine months of 2012. This includes 66,000 tons of sack paper, 83,000 tons of offset paper and 30,000 tons of paper for wallpaper manufacturing purposes.

    Pulp cooking volume is over 861,000 tons, which is a 3% increase as compared to January-September 2011.

    Wood supply volumes have increased by 3% to reach 3,610,000 cubic meters.

    OAO Ilim Gofra, corrugated box plant in the Leningrad Oblast, has manufactured 94,248,000 square meters of corrugated products, which is a 4.5% increase against the first nine months of 2011.

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  • 10.26.2012

    Harte-Hanks Reports Third Quarter Results

    Harte-Hanks, Inc. today reported third quarter 2012 diluted earnings per share of $0.14 on revenues of $195.8 million. These results compare to diluted earnings per share of $0.19 on $212.8 million in revenues for the third quarter of 2011.

    For the three months ended September 30, 2012, the company generated free cash flow (defined below) of $11.3 million, a decrease from $12.8 million in the prior year’s third quarter. Capital expenditures for the quarter were $2.9 million compared to $5.0 million in the prior year’s third quarter.

    Commenting on the third quarter performance, Chairman, President and Chief Executive Officer Larry Franklin said, “We have made enormous progress in restructuring our Direct Marketing business over the past three months. Many short-term actions affecting the way we will be organized have been announced and are being implemented and will be reflected in the 2013 plans we are currently developing. Some of the changes and initiatives will take longer to fully implement and our financial performance will not reflect the benefits from those changes for several quarters. Shoppers’ performance was disappointing, turning in its worst performance of the year. While declines were widespread, they were particularly pronounced in real estate.

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  • 10.26.2012

    Deluxe Reports Third Quarter 2012 Financial Results

    Deluxe Corporation announced its financial results for the third quarter ended September 30, 2012.

    Third Quarter 2012 Highlights:
    • Revenue for the quarter was $378.3 million compared to $355.1 million during the third quarter of 2011. Revenue increased 6.5% compared to 2011, driven by 14.0% growth in Small Business Services, which included the impact of the OrangeSodaTM acquisition. Marketing solutions and other services revenue increased 22.9% compared to 2011 and represented 19.2% of consolidated revenue, up from 16.7% in the third quarter of 2011.
    • Gross margin was 65.2 percent of revenue compared to 65.5 percent in 2011. Increased delivery rates, material costs and performance based compensation expense in 2012 were partially off-set by favorable impacts from price increases and the Company’s continued cost reduction initiatives.
    • Operating income in 2012 was $72.7 million compared to $65.6 million in the third quarter of 2011. Restructuring and transaction-related costs were $2.9 million in 2012 versus $5.1 million in 2011. These costs were primarily attributable to the Company’s on-going cost reduction initiatives. Operating income was 19.2 percent of revenue compared to 18.5 percent in the prior year driven primarily by higher revenue per order, continued cost reductions and lower restructuring charges, partially off-set by higher performance based compensation expense, increased delivery rates and material costs, and the OrangeSoda acquisition last quarter.

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  • 10.26.2012

    Bonnier Expands Digital Presence, Launches Top Brands for Windows 8

    Bonnier Corp.'s biggest brands, including Popular Science, Parenting, Saveur and its popular TransWorld sports titles, have launched for Windows 8, Microsoft Corp.'s highly anticipated new version of its Windows operating system. Apps from a total of 16 titles are now available through the Windows Store, accessing content from Bonnier's award-winning editorial teams.

    Today's announcement is just the latest move in Bonnier's new digital-first approach — amplifying its commitment to giving customers access to their favorite Bonnier brands virtually anytime, anyplace and anywhere.

    In addition to Popular Science, Parenting and Saveur, titles officially debuting today include: American Photo, Field & Stream, Flying, Outdoor Life, Popular Photography, Sound + Vision. TransWorld Ride BMX, TransWorld Business, TransWorld Motocross, TransWorld SKATEboarding, TransWorld SNOWboarding, TransWorld Surf and TransWorld WAKEBOARDING. Bonnier will roll out its remaining brands over the next six months.

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  • 10.26.2012

    AAA Fuel Gage & Exchange Rates

    AAA’s Fuel Gage Report as of 10/26/12
    National Unleaded Regular:
    Current Average - $3.575/gallon
    Month Ago Average - $3.805/gallon
    Year Ago Average - $3.441/gallon
    Highest Recorded Average - $4.114/gallon on 7/17/08
    Diesel:
    Current Average - $4.083/gallon
    Month Ago Average - $4.094/gallon
    Year Ago Average - $3.855/gallon
    Highest Recorded Average - $4.845/gallon on 7/17/08

    Current Exchange Rates as of 10/26/12
    American Dollar to Canadian Dollar = 1.003437
    American Dollar to Chinese Yuan = 0.159777
    American Dollar to Euro = 1.289773
    American Dollar to Japanese Yen = 0.012536
    American Dollar to Mexican Peso = 0.076579

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  • 10.26.2012

    Oil Set for Second Weekly Drop on Demand Outlook, Supply

    Oil fell, poised for the biggest weekly drop in a month, on speculation U.S. economic growth won’t be enough to boost demand amid increasing stockpiles.

    Futures dropped as much as 1.2 percent before a U.S. government report today that may show the economy of the world’s biggest crude user expanded by 1.8 percent in the third quarter. That would cap the first back-to-back readings of growth at less than 2 percent since 2009. Inventories in the country have climbed to the highest for this time of year since 1982. The North Sea Buzzard oil field is set to ramp up production in the next week to 10 days, according to Nexen Inc. (NXY)

    “The market is realizing that the growth in supplies is outpacing demand,” Torbjoern Kjus, senior oil market analyst at DNB ASA (DNB), said today by phone from Oslo. “The U.S. is soon expected to start exporting products while even though Brent has been tight on the postponement of the Buzzard maintenance, it was not enough to support the outright price.”

    Crude for December delivery fell as much as $1.05 to $85 a barrel in electronic trading on the New York Mercantile Exchange and was at $85.29 at 11:31 a.m. London time. The contract yesterday snapped the longest losing streak in five months, gaining 32 cents to settle at $86.05.

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  • 10.26.2012

    Bemis Company Reports Record Results For Third Quarter 2012

    Bemis Company, Inc. today reported diluted earnings of $0.45 per share for the third quarter ended September 30, 2012.  Diluted earnings per share would have been $0.60 for the third quarter of 2012, excluding the effect of facility consolidation and acquisition-related charges detailed in the attached schedule, “Reconciliation of Non-GAAP Data.”
     
    Highlights of the third quarter 2012:
    •Record adjusted diluted earnings per share of $0.60 increased 7 percent from the third quarter of 2011 and was higher than management's third quarter guidance of $0.51 to $0.57 per share. 
    •Cash flow generated from operating activities was $147 million.
    •Management updated guidance for the full year 2012: ?Adjusted earnings per share for the fourth quarter of 2012 in the range of $0.47 to $0.52
    ?Total year 2012 adjusted earnings per share guidance increased to a range of $2.10 to $2.15
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  • 10.26.2012

    Sage study shows U.S. businesses more optimistic than global counterparts

    U.S. business owners are less optimistic about the economy than they were six months ago, but they are more optimistic about their own businesses' prospects over the next six months than their global counterparts, according to a survey by software company Sage North America.

    Sage's semi-annual Business Index study was based on an online survey of 10,861 small and midsize businesses in 15 countries conducted in September.

    It found that on a scale of 0 to 100, with 0 to 50 representing negative sentiment and 51 to 100 representing positive sentiment, U.S. businesses on average had a confidence level of 60.28 when asked about their business prospects over the next six months.

    The index is down slightly from a confidence level of 61.07 in the spring survey. However, U.S. businesses are more optimistic than their global counterparts, which had an average confidence index of 56.46.

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  • 10.26.2012

    Amazon.com Announces Third Quarter Sales up 27% to $13.81 Billion

    Amazon.com, Inc. today announced financial results for its third quarter ended September 30, 2012.

    Operating cash flow increased 8% to $3.37 billion for the trailing twelve months, compared with $3.11 billion for the trailing twelve months ended September 30, 2011. Free cash flow decreased 31% to $1.06 billion for the trailing twelve months, compared with $1.53 billion for the trailing twelve months ended September 30, 2011.

    Common shares outstanding plus shares underlying stock-based awards totaled 469 million on September 30, 2012, consistent with 469 million one year ago.

    Net sales increased 27% to $13.81 billion in the third quarter, compared with $10.88 billion in third quarter 2011. Excluding the $348 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales grew 30% compared with third quarter 2011.

    Operating loss was $28 million in the third quarter, compared with operating income of $79 million in third quarter 2011. The unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating loss was $3 million.

    Net loss was $274 million in the third quarter, or $0.60 per diluted share, compared with net income of $63 million, or $0.14 per diluted share, in third quarter 2011. The third quarter 2012 includes a loss of $169 million, or $0.37 per diluted share, related to our equity-method share of the losses reported by LivingSocial, primarily attributable to its impairment charge of certain assets, including goodwill.

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  • 10.26.2012

    AEP Industries Inc. Purchases Films Business from Transco Plastics Industries Ltd.

    AEP Industries Inc. today announced that the Company, along with its Canadian subsidiary, AEP Canada Inc., has entered into an agreement with Transco Plastics Industries Ltd., a Quebec company, to purchase the machinery and equipment and related assets necessary to manufacture the performance films, specialty bags and industrial films of Transco.
     
    The transaction, which is expected to close within the next two weeks, has a purchase price of approximately $5.3 million, excluding a one-year commission and transition service costs, and is expected to gain approximately $30 million in annual net sales from Transco’s former customers. AEP noted that it intends to relocate the manufacturing activities associated with the Transco businesses to its strategically located manufacturing sites throughout North America.
     
    “This is a compelling investment opportunity for AEP that will gain meaningful business to our company and deliver a solid return on invested capital,” said Brendan Barba, Chairman, President and Chief Executive Officer of the Company. “With Transco we will expand our already robust presence in the plastic packaging industry and enhance our suite of products. We are pleased to capitalize on the opportunity to acquire the Transco assets and create additional value for our shareholders.”
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  • 10.26.2012

    Weyerhaeuser Reports Third Quarter Results

    Weyerhaeuser Company today reported net earnings of $117 million, or 22 cents per diluted share, for the third quarter. This compares with net earnings of $157 million, or 29 cents per diluted share, and net earnings before special items of $66 million, or 12 cents per diluted share, for the same period last year. Net sales for the third quarter of 2012 totaled $1.8 billion, compared with net sales from continuing operations of $1.6 billion for the third quarter of 2011.

    CELLULOSE FIBERS
    3Q 2012 Performance - The segment's earnings improved $42 million compared with the second quarter due to significantly lower maintenance costs, increased production and strong operating performance. Average pulp prices were flat. The segment completed one scheduled annual maintenance outage in the third quarter, compared with two in the second quarter.

    4Q 2012 Outlook - Weyerhaeuser expects earnings from the Cellulose Fibers segment to be comparable to the third quarter. The company anticipates lower selling prices for fluff pulp, offset by increased sales volumes and slightly lower maintenance expense.

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  • 10.26.2012

    Vistaprint Reports First Quarter Fiscal Year 2013 Financial Results

    Vistaprint N.V., a leading online provider of professional marketing products and services to micro businesses and the home, today announced financial results for the three month period ended September 30, 2012, the first quarter of its 2013 fiscal year.

    “Our first quarter results reflect continuing revenue disappointment in Europe, solid revenue performance in North America and Asia Pacific, and continued progress on the broad set of strategic initiatives we have discussed frequently in the past,” said Robert Keane, president and chief executive officer. “We delivered earnings per share results in line with our expectations for the quarter."

    First quarter 2013 results:
    • Revenue grew 18 percent year over year to $251.4 million
    • Revenue grew 23 percent year over year excluding the impact of currency exchange rate fluctuations
    • Revenue grew 13 percent year over year excluding the impact of currency exchange rate fluctuations and revenue from acquisitions
    • GAAP net income per diluted share decreased 126 percent year over year to $(0.05)
    • Non-GAAP adjusted net income per diluted share decreased 19 percent year over year to $0.25

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  • 10.26.2012

    Senator Percy Mockler recognizes J.D. Irving, Limited

    Honourable senators, on behalf of all New Brunswickers, I would like to commend the exceptional leadership of one particular New Brunswick family in the forestry sector. I would like to recognize J.D. Irving, Limited, or "JDI" as it is known back home.

    There is no doubt in my mind that the Irving family is an icon across Canada, North America and the world when it comes to forestry research and development. Honourable senators, the true test of character and strong value is to consider someone's behaviour when no one is watching and to judge behaviour when it is not required.

    Honourable senators, for those reasons, I am eager and proud to recognize the Irving family; we call J.D. Irving "Jim." People do not care who we are until they know what we care for. I know that J.D. Irving, Limited, has called New Brunswick home for 130 years. Without a doubt they are a leader in reforestation across the world. Even looking around this chamber today, I see some senators who have planted trees.

    As a leader in reforestation, Irving has planted more than 877 million trees since 1957. It is unprecedented. Honourable senators, some of my colleagues in both houses witnessed for themselves, when they visited the Black Brook District, how J.D. Irving, Limited, continues to inspire innovation and advancement through research and technology in forestry. J.D. Irving is synonymous with best practices and sustainable forestry — in terms of sustainable management.

    Being a pioneer of GIS and GPS technology, Mr. Irving and his team represent the corporate social conscience with Canadian values. Yes, the proudly New Brunswick company has also made great strides in advancing Canada's understanding of climate change and the impact on our forests. This JDI case study was featured by the National Round Table on the Environment and the Economy and is entitled Facing the Elements: Building Business Resilience in a Changing Climate.

    Honourable senators, I congratulate Mr. J.D. Irving and J.D. Irving, Limited, for their outstanding performance as they conduct alternative thinning treatment to measure the affect on birds, small mammals, insects, ground vegetation and mosses. Let us unanimously congratulate JDI's unique areas program. It is the winner of the national Canadian Council on Ecological Areas award for leadership in promoting sustainable ecosystem management and its role in designating land and resources for conservation. This family makes us proud, regardless of where we live in Canada. I thank the Irving family.

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  • 10.26.2012

    McClatchy Reports Third Quarter 2012 Earnings

    The McClatchy Company today reported net income in the third quarter of 2012 of $5.1 million or 6 cents per share. In the third quarter of 2011 the company reported net income of $9.4 million or 11 cents per share.

    Revenues in the third quarter of 2012 were $287.5 million, down 4.2% from th third quarter of 2011.  Advertising revenues were $212.0 million, down 5.4% from 2011, and circulation revenues were $62.8 million, down 2.0%.  Total digital advertising revenues grew 2.7% in the third quarter of 2012. with digital-only advertising revenues up 12.7% from the 2011 quarter.  Digital advertising represented 22.9% of total advertising revenues in the third quarter of 2012 compared to 21.1% of total advertising revenues in the third quarter of 2011.

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  • 10.26.2012

    Valassis Announces Results for the Third Quarter Ended Sept. 30, 2012

    Valassis today announced financial results for the third quarter ended Sept. 30, 2012. Third-quarter 2012 revenues were $523.8 million compared to $528.4 million in the prior year quarter. Third-quarter 2012 net earnings were $36.7 million, an increase of 33.5% from $27.5 million in the prior year quarter. This increase was primarily the result of the previously announced cost reductions and a favorable income tax adjustment resulting from the expiration of certain tax reserves. Third-quarter 2012 diluted earnings per share (EPS) was $0.90, an increase of 55.2% from $0.58 in the prior year quarter due to improved earnings coupled with a lower share base as a result of share repurchases. Third-quarter 2012 adjusted EBITDA* was $75.2 million, an increase of 7.7% from $69.8 million in the prior year quarter. 

    "This quarter, we delivered strong growth in EPS and adjusted EBITDA*," said Rob Mason, President and Chief Executive Officer. "Notable gains in our Free-standing Insert business, ongoing operational improvements within Shared Mail, and continued cost containment efforts were key drivers that contributed to our results."

    Some additional highlights include:
    Selling, General and Administrative (SG&A) Costs: Third-quarter 2012 SG&A costs were $73.4 million compared to prior year quarter costs of $80.5 million. This 8.8% decrease was primarily due to restructuring and other cost reduction measures that took place at the end of the second quarter.
    Capital Expenditures: Capital expenditures were $4.0 million for the third quarter of 2012 and $15.8 million year to date.

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  • 10.26.2012

    The New York Times Company Reports 2012 Third-Quarter Results

    The New York Times Company announced today a 2012 third-quarter diluted loss per share from continuing operations of $.02 compared with diluted earnings per share from continuing operations of $.04 in the same period of 2011. Excluding severance and the 2011 special items discussed below, diluted loss per share from continuing operations was $.01 in the third quarters of each of 2012 and 2011.

    The Company had an operating profit of $8.5 million in the third quarter of 2012 compared with $21.0 million in the same period of 2011. Excluding depreciation, amortization and severance, operating profit was $34.0 million in the third quarter of 2012 compared with $47.7 million in the third quarter of 2011.

    “While our results for the third quarter reflect continued pressure on advertising revenues, total circulation revenues rose led by the ongoing expansion of our digital subscription base,” said Arthur Sulzberger, Jr., chairman and chief executive officer, The New York Times Company. “Digital subscription trends have remained robust and at quarter end, paid digital subscriptions across the Company totaled approximately 592,000, up 11 percent from the end of the second quarter.

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  • 10.25.2012

    O-I Reports Third Quarter 2012 Results

    Owens-Illinois, Inc. today reported financial results for the third quarter ending September 30, 2012.

    Highlights
    • Earnings: O-I reported third quarter 2012 earnings from continuing operations attributable to the Company of $0.55 per share (diluted), compared to $0.72 per share (diluted) in the same period last year. Adjusted net earnings (non-GAAP) were $0.69 per share, compared to $0.84 per share in the third quarter of 2011.

    • Operating profit mixed in regions: As expected, lower demand in Europe - and the Company's corresponding actions to balance production - led to lower operating profit in the third quarter, yet improved working capital. These results were partially offset by higher operating profit in all of the Company's other regions. 

    • Price and product mix up: Year-over-year price and product mix were up more than four percent, which allowed for continued recovery of some of the margin erosion experienced in the prior year. 

    • Free cash flow outlook remains solid: The Company remains confident that it will generate at least $250 million of free cash flow in 2012. In the third quarter, the Company generated $171 million of free cash flow, repaid $189 million of gross debt and repurchased $14 million of the Company's outstanding shares.

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  • 10.25.2012

    UPM's Cash Flow Continued to be Strong in Q3 in Challenging Operating Environment

    “UPM’s business environment in the third quarter of 2012 was impacted by the decelerating global economy. Despite these circumstances, I am pleased that our cash flow continued to be strong and we were able to decrease our net debt and further strengthen our balance sheet. Performance in our growth businesses remained good, but Paper, Plywood and Timber continued to suffer from weak profitability. The Group’s operating profit excluding special items was EUR 122 million (Q2 2012 EUR 118 million or Q3 2011 EUR 136 million).

    Energy, Label and Asian Paper businesses maintained strong profitability during the third quarter. Ample hydropower boosted Energy’s performance and Label experienced positive cost development. Pulp profitability was affected by temporary process disruptions at the Pietarsaari mill.

    Although both deliveries and prices in Paper were in line with expectations, we were not able to adjust Paper’s cost level enough to improve profitability in the current operating environment. The development of the logistics and energy costs in particular was disappointing. The sale of the packaging paper business also affected the business’ EBITDA. 

    Q3/2012

    •Earnings per share excluding special items were EUR 0.15 (0.19), and reported EUR 0.06 (-0.21)
    •EBITDA was EUR 305 million, 11.8% of sales (331 million, 12.7% of sales)
    •EBITDA was affected by temporary production disruptions in Pulp
    •Net debt decreased by EUR 246 million to EUR 3,139 million
    Q1–Q3/2012

    •Earnings per share excluding special items were EUR 0.51 (0.77), and reported EUR 0.45 (0.68)
    •EBITDA was EUR 968 million, 12.4% of sales (1,082 million, 14.7% of sales)
    •Fixed costs decreased by EUR 59 million, on comparable basis
    •Operating cash flow was EUR 662 million (731 million), after restructuring payments of EUR 170 million

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  • 10.25.2012

    Worzalla Puts First manroland Web Press into Production, January Targeted for Second

    Worzalla announced that its installation of a five-color web press and a hardcase binding line is now complete and the equipment is in full production. The manroland Lithoman press provides speed and efficiency gains that will benefit current customers and provide versatility to attract work in new market segments, while the Diamant casing-in line was added to provide much needed capacity to deal with a healthy demand for hardcase product.

    “Our peak production season is going smoothly thanks to the added capabilities in our press and finishing operations,” reported Worzalla CEO Jim Fetherston. 

    With the Lithoman and Diamant up and running the next step is to move forward with installation of a Rotoman web press that was delivered in September. The Rotoman is expected to be operational in early January 2013.

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  • 10.25.2012

    Graphic Packaging Holding Company Reports Third Quarter 2012 Results

    Graphic Packaging Holding Company, a leading provider of packaging solutions to food, beverage and other consumer products companies, today reported Net Income for third quarter 2012 of $40.1 million, or $0.10 per share, based upon 398.2 million weighted average diluted shares.  This compares to third quarter 2011 Net Loss of $(47.5) million, or $(0.12) per share, based upon 390.6 million weighted average shares.

    Adjusted Net Income for the third quarter of 2012 was $42.8 million, or $0.11 per diluted share, when adjusted for $2.7 million of special charges (net of tax) related to integration costs of Graphic Flexible Packaging.  This compares to third quarter 2011 Adjusted Net Income of $33.8 million, or $0.09 per diluted share. 

    "We posted a very solid quarter in a challenging operating environment," said CEO David Scheible. "Sales to our core folding carton markets were up over 4 percent compared to last year despite continued softness in end-consumer demand.  Recent wins in corrugated substitution, pasta and frozen foods helped offset the overall weak market conditions.  We also drove higher margins through strong manufacturing performance at both our mills and converting plants as we produced more tons, and internally converted more of those tons than a year ago.  In total, improved manufacturing performance, cost savings from supply chain optimization and continuous improvement initiatives added $16 million in benefit this quarter."  

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  • 10.25.2012

    Domtar Corporation reports preliminary third quarter 2012 financial results

    Domtar Corporation today reported net earnings of $66 million ($1.84 per share) for the third quarter of 2012 compared to net earnings of $59 million ($1.61 per share) for the second quarter of 2012 and net earnings of $117 million ($2.95 per share) for the third quarter of 2011. Sales for the third quarter of 2012 amounted to $1.4 billion.

    Operating income before items1 was $111 million in the third quarter of 2012 compared to an operating income before items1 of $106 million in the second quarter of 2012. Depreciation and amortization totaled $96 million in the third quarter of 2012.
     
    The increase in operating income before items1 in the third quarter of 2012 was the result of higher shipments for pulp and paper, lower maintenance and raw material costs and lower SG&A costs. These factors were partially offset by lower average selling prices for pulp and paper and higher costs for lack-of-order downtime in papers.
     
    When compared to the second quarter of 2012, paper shipments increased 0.9% and pulp shipments increased 12.8%. Paper deliveries of Ariva® decreased 4.6% when compared to the second quarter of 2012. The shipments-to-production ratio for paper was 105% in the third quarter of 2012, compared to 98% in the second quarter of 2012. Lack-of-order downtime and machine slowdowns in papers totaled 38,000 tons. Paper inventories decreased by 38,000 tons while pulp inventories increased by 15,000 metric tons as at the end of September, compared to June levels.

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  • 10.25.2012

    Best Life Returns: Tanned, Rested Digitally Enhanced

    Three years after folding (or putting on 'hiatus') its men’s lifestyle title, Rodale brings Best Life back to newsstands this week. Scheduled to stay at retail for the coming quarter, Best Life revives much of the content mix that made it a favorite among many affluent male readers for years: celebrity, style, high end goodies. In the premiere issue contributors include John Grisham, Dr. Mehmet Oz, MSNBC host Joe Scarborough, ABC’s Christopher Cuomo and Weight Watchers CEO David Kirschoff. Hugh Jackman is the cover star.
     
    In addition to high profile authors, the issue will have its familiar blend of style and advice. One article will advise on managing a college fund. Another feature tips on getting a fast car without enraging your wife. There is the requisite health content this being a Rodale pub that is aligned with Men’s Health.
     
    A tablet and iPhone edition of Best Life have been released, both using the Adobe platform that Men’s Health also leveraged for cross-device deployments. Best Life’s last issue was May 2009, and it left the market with a circulation of more than 500,000, Rodale tells minonline. The print run this time is 300,000. Two issues are planned for 2013 pending sell-through of this issue.

    Returning as Best Life editor-in-chief is Stephen Perrine (a longtime lieutenant to MH editor-in-chief David Zinczenko as Men's Health Books publisher/editor-in-chief), and he tells us that calls for the much-loved magazine’s return have come from both readers and advertisers. He says there has been a resurgence in the magazine’s target market. “The menswear business, for example, has been growing much faster than women’s wear,” he says. “We believe that men more than ever are looking for guidance on how to manage their careers, their finances, their families and still have time to enjoy their own lives as well.” Perrine is expecting the new channels of distribution across the digital editions to play an even greater role now in helping the brand reach its target since its “hiatus” that started three years ago.

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  • 10.25.2012

    International Paper Reports Third Quarter Earnings

    International Paper today reported third quarter 2012 net earnings from continuing operations attributable to common shareholders totaling $223 million ($0.51 per share), compared with net earnings of $118 million ($0.27 per share) in the second quarter of 2012 and $468 million ($1.08 per share) in the third quarter of 2011. Amounts in all periods include the impact of special items. 

    Quarterly net sales were $7.0 billion compared with $7.1 billion in the second quarter of 2012 and $6.6 billion in the third quarter of 2011.

    Operating profits were $539 million in the third quarter of 2012, compared with $426 million in the second quarter of 2012 and $571 million in the third quarter of 2011, all of which included special items.

    "The company generated excellent cash flow in the third quarter, despite the backdrop of slow global economic growth," said John Faraci, Chairman and Chief Executive Officer. "Looking ahead to next year, many of our key strategic projects will be ramping up around the globe. This, along with our earnings trajectory in North America Industrial Packaging, will allow us to deliver significant progress on our earnings and cash flow runway as we head into 2013."

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  • 10.25.2012

    Windows: The Official Magazine

    Future, the international specialist media group and leading digital publisher, launches the only official Microsoft Windows 8 magazine, Windows: The Official Magazine, for worldwide distribution
     
    As the only Microsoft-approved publisher, this is the latest title launch in the Technology portfolio for Future. This new Windows 8 title is a multi-platform release, helping readers get more from their lives through technology. A magazine with a lifestyle feel, it showcases the best new products, explains how to use them to their full potential and reveals how they can enhance all aspects of life from travel and sport to cooking and entertainment.
     
    Windows: The Official Magazine will be released concurrently with the biggest launch in Microsoft’s history, the release of Windows 8, and Windows Phone 8.
     
    A unique and extensive multi-platform marketing partnership will be conducted on the launch of the magazine through Future and Microsoft. Using the ISSUU pre-launch sampler*, (see http://bit.ly/RNciI4) Future are targeting over 2 million impressions via keyword targeted cross-portfolio website reskins. Microsoft are using their weekly content partnership with the Official Magazine to help promote via its Windows Facebook page (currently standing at 7.5 million global likes) and on the Microsoft Windows Global Newsletter, currently with over 2 million subscribers.
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  • 10.25.2012

    Clearwater Paper Reports Third Quarter 2012 Results

    Clearwater Paper Corporation today reported financial results for the third quarter of 2012.

    The company reported net sales of $480.2 million for the third quarter of 2012, down 4.2% compared to $501.1 million for the third quarter of 2011 due primarily to the sale of the company's sawmill in the fourth quarter of last year. Net earnings were $19.1 million, or $0.80 per diluted share in the third quarter of 2012, compared to $8.6 million and $0.37, respectively, for the third quarter of 2011. Earnings before interest, taxes, depreciation and amortization, or EBITDA, was $59.0 million this quarter compared to $46.2 million in the same quarter last year.

    "Strong Pulp and Paperboard results drove solid third quarter EBITDA," said Gordon Jones, chairman and chief executive officer. "Additionally, our new paper machine at Shelby, North Carolina, remains on track to be operational in the fourth quarter of 2012. In connection with our acquisition of Cellu Tissue, we now expect approximately $29 million in net cost savings from synergies in 2012 and $35-$40 million annually beginning in 2013."

    The company repurchased 50,300 shares of its common stock at a total cost of $1.9 million during the third quarter of 2012. Since announcing its $30.0 million share buyback authorization in July 2011, the company has repurchased 622,082 shares at a total cost of $20.7 million for an average share price of $33.28.

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  • 10.25.2012

    CGX Yamagata Japan Achieves First G7 Master Qualified Printer Status in Japan

    CGX Yamagata Japan GK, a joint venture of Consolidated Graphics, Inc. (NYSE: CGX) and YAMAGATA Corporation, announced today it has achieved G7 Master Qualified Printer status, distinguishing CGX Yamagata Japan as the first printer in Japan to earn this distinction.  The G7 Master Qualified Printer designation highlights a company's commitment to quality, consistency and color management.

    CGX Yamagata Japan was certified through IDEAlliance, the nonprofit industry organization that develops, educates, and validates best practices in publishing and information technology.

    "Our focus is on providing quality and consistency to our international customers," said Steve Brown, Executive Vice President of International Business Development for Consolidated Graphics. "Acquiring G7 Master Qualified Printer status at locations in the United States, Europe and Asia sends a clear message that we are very serious about taking all the necessary steps to ensure brand control for our customer, through color consistency across presses, facilities and regions. Our goal is to earn client confidence in providing a global color management standard within our distributed manufacturing solutions."

    By achieving the status of a G7 Master Qualified Printer, CGX Yamagata Japan can reliably produce high quality printing with a close visual appearance from proof to press, as well as from press to press, in Japan and also across all the locations that Consolidated Graphics serves.  As a G7 Master Qualified Printer, the company will go through a yearly requalification audit to ensure it maintains IDEAlliance calibration and process standards.

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  • 10.25.2012

    Bloomsbury Interim Results for the six months ended 31 August 2012

    Financial Highlights
    •Turnover £43.5 million (2011: £42.4 million) +2%
    •Profit before taxation and highlighted items* £2.1 million (2011: £3.3 million) -37%
    •Profit before taxation £0.9 million (2011: £1.5 million)
    •Interim dividend 0.94 pence per share (2011: 0.89 pence) +6%
    •Basic earnings per share before highlighted items* 2.20 pence (2011: 3.27 pence)
    •Basic earnings per share of 0.87 pence (2011: 1.45 pence)

    Operating highlights
    •Further growth in ebook sales
    ?ebook sales in the six months to 31 August 2012 increased by 89% to £4.5 million (2011: £2.4m)
    ?New e-reader devices expected to have a positive impact on Q4 ebook sales
    •Strategic progress in Academic & Professional division
    ?Academic division now represents 28% of Group continuing sales (2011: 20%)
    ?Acquisition of Fairchild Books for $6.1 million (£3.8 million)
    ?Acquisition of Applied Visual Arts Publishing for CHF 2.6 million (£1.7 million)
    ?Launch of The Churchill Archive, www.churchillarchive.com, with strong demand
    •Major prize wins and shortlists include:
    ?Winner Orange Prize for Fiction 2012
    ?Winner International IMPAC Dublin Award 2012
    ?2 shortlists for Man Booker Prize 2012
    ?Shortlist for Financial Times and Goldman Sachs Business Book of the Year Award 2012
    •Strong list for the second half
    ?Hugh's Three Good Things - Hugh Fearnley-Whittingstall
    ?How to Bake - Paul Hollywood
    ?Hogwarts Library Boxed Set - J. K. Rowling
    ?Umbrella - Will Self
    ?The first ever Wisden India Cricketers Almanac 2012

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  • 10.25.2012

    Billerud Interim Report January - September 2012

    Third quarter 2012
    Net sales amounted to SEK 2 628 million, compared with SEK 2 440 million in the previous quarter.
    Operating profit totalled SEK 161 million, on a par with the previous quarter. Lower costs compensated for lower exchange rates for invoicing as a result of a stronger SEK.
    Results for the quarter were charged with non-recurring acquisition-related costs of SEK 16 million. Adjusted to reflect these non-recurring costs, operating profit totalled SEK 177 million.
    Prices in local currency for packaging paper improved on average by about 2% compared with previous quarter due to implementation of earlier announced price increases.
     
    January-September 2012 compared with the same period in 2011
    Net sales amounted to SEK 7 359 million, a rise of 1%.
    Operating profit fell to SEK 464 million, mainly as a result of lower prices.
    Non-recurring acquisition-related costs totalled SEK 68 million (0).
    The extraordinary general meeting approved the acquisition of Korsnäs and authorised the Board to carry out the share issues relating to the acquisition. A new Board was elected, to take office at completion of the acquisition.
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