Net sales for the first quarter of 2016 were $792.7 million, a decrease of $23.9 million, or 2.9 percent, as compared to $816.6 million in 2015. This decrease was the result of a decrease in net sales across all of our businesses due primarily to the pass through of lower raw material costs. Income from operations for the first quarter of 2016 was $57.4 million, a decrease of $9.7 million, or 14.5 percent, as compared to $67.1 million for the first quarter of 2015, and operating margin decreased to 7.2 percent from 8.2 percent for the same periods. The decrease in income from operations was the result of a decrease in income from operations in the metal and plastic container businesses, partially offset by an increase in income from operations in the closures business.
Sappi introduces Algro Guard OHG, a new high-barrier paper-based packaging solution. With integrated barriers and heat sealing properties the paper is suitable for flexible packaging applications. According to its first user, Belgian chocolate producer Delafaille, this new innovative paper is the perfect solution for packaging designers and producers, sure to add pleasure to the consumer experience. Algro Guard OHG provides integrated barriers that prevents the migration of oxygen and water vapor into packaged products, makes packaging production simpler and more efficient. Thanks to this innovative integrated barrier, there is no longer a need to apply special coatings or lamination to obtain a flexible paper-based packaging. With the grease and mineral oil barrier this innovative paper meets the market demand for alternatives to foil and plastics, reducing both costs and environmental footprint. Algro Guard OHG can be used for sealed products without the need for added sealants. It comprised of more than 80% renewable materials.
Some of the 2015 trends include: •eBook sales declined this year – mostly from the Childrens & Young Adult category (C/YA down 43.3% from 2014). •Downloaded audio continues to grow in popularity – this growth is most evident in the Adult Books category (Adult up 38.9% from 2014). •Trade publishers fared better than educational or scholarly publishers. •Adult Books performed better than other trade categories.
In the Association of American Publishers's first report on 2015 results, the organization found that industry sales fell 2.6% in the year compared to 2014. Revenue declined to $15.41 billion from $15.82 billion in 2014. The figures reflect sales reported by 1,205 publishers to AAP’s StatShot program; later this year AAP will release estimates for industry sales that include results from publishers that do not report to AAP. Only two of the seven major segments had an increase in sales in the year. Sales of adult books rose 2.2% in 2015, to $4.9 billion, while sales of religious presses that report to AAP increased 1.2%, to $534.8 million.
The Company reported operating income of $65.1 million for the first quarter of 2016, up $30.1 million from adjusted operating income of $35.0 million for the fourth quarter of 2015. Improved lumber segment results reflected higher Western Spruce/Pine/Fir ("SPF") and Southern Yellow Pine ("SYP") unit sales realizations and improved productivity. The Company's lumber segment results also included a full quarter's operating income from its recent acquisition of Anthony Forest Products Company, based in Arkansas. Pulp and paper segment results reflected lower unit manufacturing costs, principally from lower fibre costs and the impact of the scheduled maintenance outage at the Northwood pulp mill in the previous quarter as well as improved paper segment earnings. Offsetting these factors were lower Northern Bleached Softwood Kraft ("NBSK") pulp shipment volumes and slightly lower NBSK unit sales realizations in the current quarter.
For companies investing in the hot beverage space, Huhtamaki developed the world’s most unique-looking insulated hot cup; a totally new product offering called the IMPRESSO™ line. An industry first, IMPRESSO™ cups offer something no other company can – fully customizable embossing that adds a whole new dimension of visual and tactile appeal. When paired with Huhtamaki’s vibrant custom printing capabilities, the new embossing feature make IMPRESSO™ cups impossible to miss. Already available throughout Europe, IMPRESSO™ cups have been adopted by many high-street coffee operators and leading coffee brands in Britain and have enjoyed great success.
U.S. oil prices settled at a new 2016 high on Tuesday as the dollar fell and traders bet that U.S. oil output would continue to fall. However, some analysts warn that persistent market oversupply could prevent further price gains. Light, sweet crude for June delivery rose $1.40, or 3.3%, to $44.04 a barrel on the New York Mercantile Exchange, the highest settlement since Nov. 10. Brent, the global benchmark, rose $1.26, or 2.8%, to $45.74 a barrel in ICE Futures Europe. Oil was propped up by the dollar, which fell ahead of a meeting of Federal Reserve officials on Tuesday and Wednesday. The Fed could drop hints after its meeting about future interest-rate increases and the strength of the U.S. economy.
Total revenues from continuing operations increased $2.0 million to $234.2 million, compared with $232.2 million in the prior year period. EBITDA, excluding stock-based compensation, improved $2.8 million to a loss of $4.0 million, compared with a loss of $6.8 million in the prior year period. EPS improved $0.02 per share to a loss of $0.14 per share compared with a loss of $0.16 per share in the prior year period.
1Q16 Highlights * Record-high Operating Cash Generation¹ in LTM² of R$3.7 billion. In 1Q16, Operating Cash Generation amounted to R$902 million. * Record-high Adjusted EBITDA in LTM² of R$4.93 billion, with margin of 46%. In 1Q16, Adjusted EBITDA amounted to R$1.27 billion, with margin of 47%. * Record-high Net Revenue in LTM² of R$10.8 billion. In 1Q16, Net Revenue amounted to R$2.7 billion. * Cash Cost declines in the quarter to R$654/ton (-R$ 52/ton vs. 4Q15). * Sustainable results in paper segment: improvements in the Suzano’s go-to-market project in Brazil allow the Company to reach the final client, reduce logistics expenses and increase margin
R. R. Donnelley & Sons Company announced today that it will showcase its expansive portfolio of RFID smart labels and technology at the annual RFID Journal LIVE! event, May 3-5 at the Orange County Convention Center in Orlando, Florida. RR Donnelley's CustomWave RFID Solutions are powered by printed electronics that help provide businesses with insights that help to enhance supply chain management. As a single-source antenna designer, inlay manufacturer, and leading label and tag converter, RR Donnelley leverages its large, global manufacturing footprint for high volume production and distribution. CustomWave RFID offers a range of solutions for customers' diverse requirements including a track and trace for organizations' important assets. In addition, CustomWave RFID offers insights into logistics performance that can help to simplify supply chain solutions and strengthen customer relationships.