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Recent Paperclips Industry News
21Feb 19
RRD Wins 2019 Xplor Application of the Year Award
R.R. Donnelley & Sons Company announced that it has received the 2019 Xplor Application of the Year Award from Xplor International. The award will be presented at the XPLOR19 customer communications management and digital document conference on April 23 in Las Vegas. RRD was recognized for the creation of a proprietary Hosted Customer Communications Management (HCCM) On-Demand Service that provides real-time message composition and omnichannel delivery through a single portal. “Across RRD, we are leveraging emerging technologies to create new capabilities for our clients that solve their business challenges and advance their communications capabilities,” said Ken O’Brien, Executive Vice President and Chief Information Officer, RRD. Click read more below for additional detail.
21Feb 19
Finch Paper looks to upgrade facilities, improve efficiency
Finch Paper has gotten more efficient in the last few years and plans to use its profits to make many capital upgrades in 2019. Chief Financial Officer Alex Rotolo said 2017 was a tumultuous year in the paper industry as a lot of companies went out of business. While that was not good for those employers, it caused paper prices to increase as the supply shrank. “We’re taking the funds that we were able to make in 2018 and investing them back in the business in 2019 in the form of capital improvements. We have a higher capital budget than in any recent history,” he said. There are 84 projects in Finch’s capital plan, according to Rotolo. This includes hardware and software upgrades to the paper machines. The overall goal is to improve the quality and speed at which the company can change the machines to handle different types of paper, according to Rotolo. Click read more below for additional detail.
21Feb 19
Aptar Reports Fourth Quarter and Annual Results
Fourth Quarter 2018 Summary: • Reported sales increased 9% • Core sales, excluding currency and acquisition effects, grew 7% • Reported earnings per share decreased 19% to $0.62 compared to prior year earnings per share of $0.77 • Adjusted earnings per share increased 19% to $0.92 compared to prior year adjusted earnings per share of $0.77 (including comparable exchange rates) • Reported net income decreased 18% • Adjusted EBITDA increased 20%. Click read more below for additional detail.