After more than 100 years in business, Midland has grown from a single Midwest location to a national company with offices from coast to coast.
This type of growth requires relentless effort and a continual focus on doing things right.
We bring the best products, the best people and the best service to all of our customers in all of our business segments. Play the video to see how we do it.
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22Feb 19
Pearson 2018 Preliminary Results (Unaudited)
John Fallon, Chief Executive said: "We made good progress last year. We increased underlying profits, outperformed our cost savings plan and invested in the digital platforms that are making us a simpler, more efficient and innovative company. We are increasingly well placed to guide our customers through a lifetime of learning and help our partners shape the future of education. We have a lot still to do, but we expect company wide sales to stabilise this year, and grow again in 2020 and beyond." Highlights: Revenue down 1% in underlying terms *Total underlying revenue down 1% year on year, with declines in US Higher Education Courseware of 5% and in US K12 Courseware largely offset by the rest of the business growing in aggregate at over 1%. *Strong performance in our structural growth opportunities with revenue up 10% in Global Online Program Management, 8% in Connections Academy, 4% in Professional Certification (VUE) and Pearson Test of English Academic (PTEA) test volume growth of 30%. *Revenue in North America declined 1%, Core was flat and Growth up 1%. Click read more below for additional detail.
22Feb 19
Suzano Reports Q4 2018 Results
HIGHLIGHTS: • Record-high Operating Cash Generation¹ and Adjusted EBITDA²: R$5.5 billion and R$6.8 billion, respectively. • Average pulp price of US$757/ton in 4Q18, despite the weak Chinese market in late 2018. • Cash cost impacted by inputs pegged to USD: R$602/ton, up 4.8% from 2017. • Consolidation of paper price increase in the domestic and export markets, with record-high LTM³ Adjusted EBITDA of R$1,064/ton. • Capital discipline: investments aligned with initial budget. • Dividends: Proposal of distribution in the amount of R$ 600 million. Click read more below for additional detail.
22Feb 19
Canfor Reports Results for 2018 and Fourth Quarter of 2018
2018 and Fourth Quarter Highlights: • Reported operating income of $609 million for 2018; adjusted shareholder net income of $488 million, or $3.83 per share and a return on invested capital of 19% • Fourth quarter adjusted operating loss of $(3) million and sales of $1.03 billion; adjusted shareholder net loss of $(28) million, or $(0.23) per share • Net debt of $156 million, or 6.2% net debt to total capitalization, at December 31, 2018 • Announced acquisition of 70% of the VIDA Group of Sweden (“VIDA”) for 3,990 million Swedish Krona (approximately CAD$580 million), adding 1.1 billion board feet annual capacity of high-quality spruce and pine products • Announced phased acquisition of Elliott Sawmilling Co., Inc. (“Elliott”) over a period of two years, for US$110 million, adding 210 million board feet of high-value Southern Yellow Pine lumber annual capacity. Click read more below for additional detail.