Sealed Air Reports Second Quarter 2016 Results

Second Quarter 2016 U.S. GAAP Summary Net sales of $1.7 billion decreased 3.2% on an as reported basis. Currency had a negative impact on total net sales of 3.3%, or $59 million, and the Food Care divestitures had a negative impact on total sales of 0.8%, or $15 million, in the second quarter. As reported, Latin America and Asia Pacific declined 11.3% and 3.5%, respectively. EMEA and North America also declined 1.6% and 2.5% on an as reported basis. Net income on a reported basis was $50 million, or $0.25 per diluted share as compared to $28 million, or $0.13 per diluted share in the second quarter 2015. Net income in the second quarter 2016 included $79 million of special items, charges related to ceasing operations in Venezuela, restructuring charges and other costs associated with our restructuring programs, and a loss on the remeasurement of our Venezuelan subsidiaries. click Read More below for additional detail
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The New York Times Company Reports 2016 Second-Quarter Results

The New York Times Company announced a second-quarter 2016 diluted loss per share from continuing operations of $.00 compared with diluted earnings per share of $.10 in the same period of 2015. Adjusted diluted earnings per share from continuing operations (defined below) were $.11 in the second quarter of 2016 compared with $.13 in the second quarter of 2015. Operating profit decreased to $9.1 million in the second quarter of 2016 from $38.1 million in the same period of 2015. The decline was driven by costs incurred in connection with the streamlining of the Company’s international print operations, a charge for a partial withdrawal obligation under a multiemployer pension plan and lower advertising revenues. Adjusted operating profit (defined below) was $54.5 million in the second quarter of 2016 compared with $64.4 million in the second quarter of 2015. The decline was driven by lower advertising revenues, which were partially offset by higher circulation revenues. click Read More below for additional detail
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Shutterfly Announces Second Quarter 2016 Financial Results

Second Quarter 2016 Financial Highlights • Net revenues totaled $204.0 million, an 11% year-over-year increase. ◦ Consumer net revenues totaled $176.6 million, a 3% year-over-year increase. ◦ Shutterfly Business Solutions net revenues totaled $27.4 million, a 117% year-over year increase. ◦ Excluding a flash deal deferred revenue breakage catch-up in the second quarter of 2015, net revenues increased 16% year-over-year. ◦ Excluding flash deal deferred revenue breakage in the second quarter of 2015, consumer net revenues increased 8% year-over-year. • Gross profit margin was 46.3% of net revenues, compared to 47.4% in the second quarter of 2015. ◦ Excluding the effect of the flash deal deferred revenue breakage in the second quarter of 2015, gross profit margin was up 110 basis points year-over-year. • Operating expenses totaled $115.4 million compared to $115.6 million in the second quarter of 2015. ◦ Excluding marketing expenses related to the flash deal deferred revenue breakage in the second quarter of 2015, total operating expenses increased 3% year-over-year. • Operating loss totaled $(21.1) million compared to a loss of $(28.4) million in the second quarter of 2015. • Net loss was $(16.5) million, compared to $(23.8) million in the second quarter of 2015. • Net loss per share was $(0.48), compared to $(0.63) in the second quarter of 2015. click Read More below for additional detail
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S&P Global Reports Second Quarter Results

S&P Global reported second quarter 2016 results with revenue of $1.48 billion, an increase of 10% compared to the same period last year. Net income and diluted earnings per share were $383 million and $1.44, respectively. Foreign exchange rates had a negligible impact on revenue and a favorable impact of approximately 3 percentage points on operating profit. Adjusted net income increased 13% to $385 million and adjusted diluted earnings per share increased 17% to $1.44. The adjustments in the second quarter of 2016 were primarily associated with benefits from insurance recoveries related to legal settlements, partially offset by deal-related amortization, divestiture transaction costs and restructuring charges. click Read More below for additional detail
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Meredith Reports Fiscal 2016 Results And Provides Fiscal 2017 Outlook

FISCAL 2016 FULL-YEAR REVIEW Meredith continued to aggressively execute a series of well-defined strategic initiatives in fiscal 2016 to generate growth in revenue, operating profit and free cash flow - and increase shareholder value over time. Highlights included: • Expanding audiences across platforms and increasing Meredith's reach to Millennial women: o Meredith magazine readership grew to a record 127 million, according to the Spring 2016 GfK Mediamark Research & Intelligence Report. o Meredith's digital traffic increased to more than 80 million monthly unique visitors. o Meredith's reach to U.S. Millennial women grew to 72 percent, up 9 percent from the prior year. o Meredith's multi-channel reach among American women hit an all-time high of 102 million. Additionally, Meredith's database has grown to 125 million American consumers. o Nine of Meredith's television stations ranked No. 1 or No. 2 in late news, and eight stations ranked No. 1 or No. 2 in morning news, in the May 2016 rating book data compiled by Nielsen. • Growing magazine, digital and non-political television advertising revenues: o National Media Group advertising revenues grew 6 percent, including a 16 percent increase in digital advertising revenues. o Digital advertising revenues grew to 26 percent of total National Media Group advertising revenues. o Meredith increased its share of magazine advertising in its competitive set to a record 41 percent. o Local Media Group non-political advertising revenues grew 5 percent, including a 13 percent increase in digital advertising revenues. click Read More for additional detail
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Gannett Reports Second Quarter 2016 Results of Operations

Recent highlights include: Net income of $12.3 million. Adjusted EBITDA of $89.7 million. Adjusted EBITDA margin of 12.0%. National digital advertising revenue up 22.4%, up 18.5% excluding acquisitions. Digital-only subscriptions grew 40%. Completed the acquisition of Journal Media Group, Inc. (JMG) and North Jersey Media Group. Announced the planned acquisition of digital marketing solutions leader ReachLocal (NASDAQ: RLOC). USA TODAY NETWORK won The Native Creatives competition for branded VR campaign. USA TODAY NETWORK publications The Detroit Free Press, Milwaukee Journal-Sentinel, and Burlington Free Press won Edward R. Morrow awards. click Read More for additional detail
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Food Packed in Food

Each year, roughly one third of food produced for human consumption is wasted — approximately 1.3 billion tonnes! From the scraps of leftover food to the packaging that gets thrown away, the waste from the food industry adds up. As a way to combat this, companies have started to develop packaging made from byproducts of the food itself! Whey protein is a waste produced in the cheese making process. Scientists in Italy have created a method to turn whey into plastics, which they can then layer on cardboard and aluminum to create a multi-layered packaging material. Nutella is the worlds largest hazelnut buyer, using 25% of the worlds supply in order to make 180m kg of the spread annually. With so many hazelnuts bought, a lot of shells get thrown away, which is why the Nutella manufacturer Ferrero is teaming up with Sorta Enso and PTS to use the shells in their packaging. The group is still trying different combinations of nutshell fibers in the pulp, but it works well for stiffness and bulk. click Read More for additional info
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Direct Mail Breaks Outdated Marketing Assumptions

Since the Great Recession, there’s been a trend in America to shed all physical mail. Many companies stopped mailing catalogs, direct mail letters, and newsletters, all in favor of digital products. The news outlets even declared direct mail dead. Only a few short years later, direct mail is on the rise again. As a company that sends print newsletters, we are seeing both large and small businesses refocus on direct mail as they discover that they’ve swung the pendulum too far in the digital-only direction. In the U.S. alone, Costco sends 8.6 million magazines/catalogs per month — the third largest monthly publication in the world (based on 2013 circulation numbers). The average member who receives a Costco Connection has a household income of $156,000 annually, and 56 percent of members who receive the monthly magazine buy something based off of what they read in it. That is so huge. Can you imagine the amount of lost revenue Costco would experience from not sending a print edition? How many people would even read a digital version? click Read More for the rest of the story
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Canfor Reports Results for Second Quarter of 2016

Canfor Corporation today reported net income attributable to shareholders of $36.0 million, or $0.27 per share, for the second quarter of 2016, compared to shareholder net income of $26.0 million, or $0.20 per share, for the first quarter of 2016 and shareholder net income of $11.1 million, or $0.08 per share, for the second quarter of 2015. For the six months ended June 30, 2016, the Company’s shareholder net income was $62.0 million, or $0.47 per share, compared to $40.4 million, or $0.30 per share, for the six months ended June 30, 2015. The Company’s adjusted shareholder net income for the second quarter of 2016 was $26.5 million, or $0.20 per share, compared to an adjusted shareholder net income of $20.9 million, or $0.16 per share, for the first quarter of 2016, and an adjusted shareholder net loss of $2.0 million, or $0.02 per share for the second quarter of 2015. For the six months ended June 30, 2016, the Company’s adjusted shareholder net income was $47.4 million, or $0.36 per share compared to $44.5 million, or $0.33 per share, for the six months ended June 30, 2015. click Read More for details
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