Consolidated sales for the three-month period ended June 27, 2015, were $365 million, as compared to $404 million in the same quarter a year ago. The Company generated a net loss of $16 million or $0.16 per share in the June 2015 quarter compared to net earnings of $30 million or $0.30 per share in the June 2014 quarter. The current quarter results include approximately $12 million of incremental costs related to planned major maintenance conducted at two large operating sites. Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was $2 million for the three-month period ended June 27, 2015, as compared to adjusted EBITDA of $30 million a year ago and adjusted EBITDA of $12 million in the prior quarter.
Local people from forest communities in Cambodia, Indonesia, Lao PDR, Myanmar, Nepal, Thailand and Vietnam and came together in Bangkok recently to discuss forest issues that are priorities for them and to prepare for the upcoming XIV World Forestry Congress. The Congress, which is the largest and most significant gathering of the world's forestry sector, takes place in Durban, South Africa this September. “As one of the few observers here, and being responsible for supporting smallholder certification, it was great to hear about the issues and priorities for Asian communities,” reported Richard Laity, PEFC South East Asia, Projects and Development Officer. “We want to ensure that certification is inclusive by working closely with these forest communities, while we develop national forest certification systems.”
After its record-breaking debut last week, Harper Lee's Go Set a Watchman sold roughly 220,000 print copies in its second week on sale. The figure, which tracks sales for the period ending July 29, reflects data provided by outlets that report to Nielsen Bookscan, which accounts for approximately 80% of print sales. The title, which held onto its #1 spot on Nielsen's chart, sold more than 746,000 copies in its first week on sale.
For the four weeks ended July 25, 2015, same store sales increased 2.4 percent over the prior-year period. July front-end same store sales increased 0.1 percent. Pharmacy same store sales, which included an approximate 221 basis points negative impact from new generic introductions, increased 3.4 percent. Prescription count at comparable stores increased 0.7 percent over the prior-year period. Same store sales for the 21-week period ended July 25, 2015 increased 2.7 percent over the prior-year period.
Mercer International Inc. (Nasdaq: MERC, TSX: MRI.U) today reported results for the second quarter ended June 30, 2015. Operating EBITDA* in the second quarter of 2015 was $50.0 million, compared to $41.9 million in the comparative quarter of 2014 and $61.3 million in the prior quarter of 2015. For the second quarter of 2015, net income was $16.4 million, or $0.25 per basic and diluted share, compared to $0.6 million, or $0.01 per basic and diluted share, in the comparative quarter of 2014.
In what likely is the first comprehensive analysis of actual data from big agency media buys of its kind, Madison Avenue’s major agency holding companies have boosted their spending in digital media by $3 billion during a nine-month period ending with June 2015, and most of it came at the expense of traditional media. The data, which was released Wednesday by Standard Media Index, looked at the those months, because they happen to coincide with the so-called “broadcast year,” which is the way TV networks and stations typically account for their advertising revenues. Not surprisingly, the biggest hit in Madison Avenue’s digital media shift is coming from their TV advertising budgets. “The results show that digital is siphoning share away from other media, with the bulk of it coming from television,” explained SMI’s Bree Sutton, noting that national TV ad spending trends have been reflecting that.
INTERFOR CORPORATION (TSX: IFP) recorded a net loss of $20.6 million, or $0.29 per share, on sales of $429.7 million in Q2’15 compared with a net loss of $0.2 million in Q1’15 and net earnings of $7.4 million in Q2’14. Included in the Company’s results for Q2’15 is a pre-tax loss of $7.7 million(1) associated with the operations of the Tacoma sawmill which was acquired from Simpson Lumber Company, LLC (“Simpson”) earlier this year as part of a larger transaction involving a total of four mills. Excluding the Tacoma loss and certain other items, the Company reported an adjusted net loss(2) of $14.7 million, or $0.21 per share, in Q2’15 versus adjusted net earnings(2) of $4.5 million in Q1’15 and $21.1 million in Q2’14.
Flint Group announces the launch of OmniLam F and OmniLam G – a medium to medium-high lamination ink system for the North American flexible packaging market for both flexo and gravure printing processes. OmniLam F (flexo) and OmniLam G (gravure) are non nitrocellulose ink systems that deliver high bond strengths on a wide range of film structures. These inks will enable the printing of high definition graphics that can withstand harsh environments with bond strengths greater than 400 g/in on substrates like OPP, Polyesters, and Nylon that are both extrusion and adhesive laminated. OmniLam was developed for Flexographic and Rotogravure converters.
Insiders who have long fought the postal rate wars feel that the Postal Regulatory Commission's eight-month extension of the exigent surcharge will inevitably lead to its demise. There's no discernible inclination on the part of the PRC to do otherwise, they say, and the Postal Service is exhibiting new signs of life. Only an act of Congress can grant the USPS's wish of exigency forever, and the odds of action on such legislation in the next two years are slim to none.
National Average Price for Regular Unleaded: Current: $2.665 Month Ago: $2.768 Year Ago: $3.517 National Average Price for Diesel: Current: $2.738 Month Ago: $2.845 Year Ago: $3.843