LSC Communications, Inc. has signed a multi-year agreement with award-winning publishing company H.O. Zimman, Inc. to produce six national sports magazine titles. The six titles include the official Super Bowl Magazine; the official Pro Bowl Magazine; Pro Football Hall of Fame Yearbook; Baseball Hall of Fame Yearbook; the member magazine of the National Baseball Hall of Fame, Memories and Dreams; and the official on-site and internationally distributed program of the Masters (golf), The Masters Journal. Under the new agreement, LSC will provide print manufacturing, distribution and postal optimization services for the six titles.
FULL YEAR 2018 (compared with 2017) •Net sales increased 13% to SEK 18,755m (16,664). Sales grew in all segments. •EBITDA increased 44% to SEK 5,252m (3,648). The improvement in EBITDA was mainly related to higher prices. •EBITDA margin increased to 28.0% (21.9). •Operating cash flow increased to SEK 2,751m (2,273). •During the year the expansion of the Östrand pulp mill was completed. The investment of almost SEK 8 billion, which doubles production capacity, has been financed from operating cash flow. Click read more below for additional detail.
Silgan Holdings Inc. reported full year 2018 net income of $224.0 million, or $2.01 per diluted share, as compared to full year 2017 net income of $269.7 million, or $2.42 per diluted share. Adjusted net income per diluted share was a record $2.08 for the full year 2018, an increase of 26 percent over the prior year, after adjustments increasing net income per diluted share by $0.07. Adjusted net income per diluted share was $1.65 for the full year 2017, after adjustments decreasing net income per diluted share by $0.77. “In 2018, we posted record adjusted net income per diluted share of $2.08 and record free cash flow of $311.4 million, or $2.79 per diluted share, representing a free cash flow yield of 11.8 percent on our year end stock price. These record results were largely driven by the continued successful integration and strong performance of the dispensing systems operations and the ongoing improvement in our plastic container business,” said Tony Allott, President and CEO. Click read more below for additional detail.
◦ 4Q18 EPS of $0.52; Adjusted 4Q EPS up nearly 17% to $1.94 ◦Pricing and Mix Strategies Lift 4Q Revenue Quality ◦U.S. Domestic Revenue up 6.3% on 4Q Yield Growth ◦International 4Q Achieves Record Profits; Margin Rises above 20% ◦Supply Chain & Freight Revenue Rises, driven by Forwarding and Logistics ◦2018 Full-year Cash from Operations was $12.7B. Click read more below for additional detail.
Boise Paper will raise prices by up to 7% on private label and branded office papers, printing papers, and converting papers effective with shipments March 1, 2019. • X-9® • ASPEN® • Boise POLARIS® • FIREWORX® • Essential Copy®, Essential Recycled Copy®, and Essential Bright Copy® • Boise® Copy • Xerographic Paper (rolls and sheets) • Boise® Offset • Boise® ASPEN® Offset and Envelope • Boise® Opaque • Boise® White Wove Envelope • All other converting products • All corresponding private label products
Representatives of Resolute Forest Products are asking Queen's Park for help, as they battle with American producers for access to U.S. markets. Resolute says they have $100 million in duty deposits sitting in Washington, and there's still no agreement on softwood lumber. The last deal expired in the fall of 2015, and new terms weren't included in the recently negotiated USMCA. Resolute Forest Products says their carbon footprint is down 76 per cent since 2000, and they don't want to see new rules from both federal and provincial governments. In their delegation to the finance committee of the legislature earlier this week, the company spokesman noted they had invested $250 million in the province, and they employ more than 4,000 workers. Click read more below for additional detail.
• 4Q18 Reported EPS of $1.11, incl. pension settlement charges ◦ Adjusted EPS (non-GAAP) of $1.52 • 4Q18 Net sales increased 1.9% to $1.77 billion◦ Organic sales change (non-GAAP) of 4.8% • FY18 Reported EPS of $5.28, incl. pension settlement charges ◦ Adjusted EPS of $6.06 • FY18 Net sales increased 8.2% to $7.16 billion◦ Sales change ex. currency of 6.9% ◦ Organic sales change of 5.5% • Returned $568 mil. to shareholders via share repurchase and dividends in 2018. Click read more below for additional detail.
Amazon today announced that more than 130 high schools in New York City will start providing computer science courses, supported by Amazon Future Engineer, an initiative aimed at making computer science available to children in underrepresented and underserved communities. The more than 130 schools are located throughout all five New York City boroughs, including more than 30 in Queens, where the company plans to open one of its new headquarters. With Amazon Future Engineer’s funding, the selected New York City high schools will offer Intro to Computer Science and Advanced Placement (AP) Computer Science classes through the New York-based curriculum provider, Edhesive. Amazon’s funding provides preparatory lessons, tutorials, and professional development for teachers, fully sequenced and paced digital curriculum for students, and live online support every day of the week for both teachers and students. Click read more below for additional detail.
International technology Group ANDRITZ started up the modernized BM3 board machine successfully in Arnsberg, Germany, for R.D.M. Arnsberg GmbH at the beginning of January 2019 after a delivery time of just eight months. In this contract, ANDRITZ was responsible for the new design of feed system for the new headbox, adapting the required dewatering capacity, and for recirculation of the white water. The components supplied by ANDRITZ are set up for a future production speed of 1,000 m/min and enable a significant improvement in the quality of formation as well as enhancing the profile stability of the top ply to obtain better processability of the finished products. At the moment, the production speed is approximately 780 m/min and the working width is 3.63 m. Click read more below for additional detail.
Oil prices are up more than 2 percent after the U.S. imposed sanctions on Venezuela's state-run oil company known as PDVSA. The U.S. Treasury Department announced sanctions Monday that effectively halt U.S. purchases of oil from Venezuela, NPR reported. It's part of an effort to push out the country's president, Nicolás Maduro, in favor of his rival Juan Guaidó. About 40 percent of Venezuela's oil is sold to the United States. Click read more below for additional detail.