Tronox Reports Fourth Quarter 2018 Financial Results

Fourth Quarter Highlights: •Results demonstrate benefits of vertical integration with strong performance in feedstock and co-products led by zircon •Revenue of $429 million down 8 percent from prior year as higher feedstock and co-products selling prices more than offset by lower pigment sales volumes and absence of revenue from Electrolytic business sold in September 2018; revenue down 5 percent excluding $14 million of Electrolytic revenue in prior year •Income from operations of $68 million up 13 percent versus prior year; adjusted EBITDA of $125 million down 7 percent versus prior year (Non-GAAP). Click read more below for additional detail.
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Best Buy Reports Better-than-Expected Fourth Quarter Earnings

The company estimates the extra week in Q4 FY18 added approximately $760 million in revenue and approximately $0.20 in non-GAAP diluted EPS for the quarter and the year. The extra week was not included in comparable sales for the quarter or the year. We are very proud of the financial results we have just delivered,” said Hubert Joly, Best Buy chairman and CEO. “For the fourth quarter, we reported a 3.0% increase in our comparable sales, on top of 9.0% comparable sales growth last year. For the full year, our comparable sales grew 4.8% and our EPS increased more than 20%. In addition to these great financial results, we made significant progress implementing our Best Buy 2020 strategy to enrich lives through technology and further develop our competitive differentiation. We launched our Total Tech Support program, expanded our In-Home Advisor program and acquired GreatCall. I so appreciate the hard work of our associates, as well as our partners, in driving these terrific results.” Click read more below for additional detail.
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Printing Industries of America Honors Ripon Printers as a “Best Workplace” and “Safety Shield’ Designee in 2019 Best Workplace in the Americas Awards

Human resources professionals widely recognize that a superior work environment is the best way to attract and retain excellent talent. To encourage workplace excellence throughout the industry, Printing Industries of America (PIA) annually sponsors the Best Workplace in the Americas (BWA) award. The Best Workplace designees were evaluated on human resources benchmarking categories recognizing companies that embrace the most sought-after qualities for today's work environment: Communication & Culture, Employee Resources & Benefits, and Safety & Work Environment. Click read more below for additional detail.
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RRD Reports Fourth Quarter and Full Year 2018 Results

Net sales in the quarter were $1.76 billion, down $162.4 million or 8.4% from the fourth quarter of 2017, including a $119.5 million impact from the July 2018 disposition of the Print Logistics business. On an organic basis, consolidated net sales decreased 1.2% primarily driven by lower volume, including the planned exit of low margin sourcing business, and modest price pressure in the Business Services segment. Diluted loss per share attributable to common stockholders was $0.32 in the fourth quarter of 2018 compared to $0.75 in the fourth quarter of 2017. The fourth quarter of 2018 included a $0.45 loss per share on debt extinguishments and a $0.32 loss per share for adjustments related to the Tax Cuts and Jobs Act of 2017 (“Tax Reform”). Click read more below for additional detail.
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Russia’s Lukoil expects oil prices to stay relatively high

The head of Lukoil, Russia's No. 2 oil producer, said on Wednesday oil prices are likely to remain "relatively high" due to underinvestment after a 2014 slump, while a global deal to cut output was helping to keep prices "acceptable". Oil prices have risen about 20 percent since the start of the year largely due to an agreement by OPEC and non-member producers, including Russia, to reduce production. Speaking at the Federation Council, Russia's upper house of parliament, Vagit Alekperov said prices would stay in an "acceptable range" thanks to coordination between leading global producers. Click read more below for additional detail.
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Macy’s, Inc. Reports Fourth Quarter and Fiscal Year 2018 Earnings

•Annual comparable sales growth of 1.7% on an owned basis; 2.0% on an owned plus licensed basis •Annual EPS of $3.56; annual adjusted EPS of $4.18 •Strategic initiatives gain traction and position company for continued comparable sales growth •Company launches multi-year productivity program to fund reinvestment in the business; streamlines management structure. Click read more below for additional detail.
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Nine Dragons Paper (Holdings) Limited Announces FY2019 Interim Results

FINANCIAL HIGHLIGHTS: * Sales increased by 18.2% to approximately RMB 30,328.0 million. * Gross profit dropped by 25.1% to approximately RMB 4,712.5 million. * Gross margin decreased from 24.5% to approximately 15.5%. * Profit attributable to equity holders of the Company for the Period was approximately RMB 2,259.3 million. Click read more below for additional detail.
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Multi-Color Corporation Enters Agreement to Be Acquired by an Affiliate of Platinum Equity

Multi-Color Corporation announced that it has entered into a definitive merger agreement to be acquired by an affiliate of Platinum Equity LLC, a private equity firm. Under the terms of the agreement, which has been unanimously approved by Multi-Color Corporation’s Board of Directors, Multi-Color Corporation shareholders will receive $50.00 in cash for each share of common stock they own, in a transaction valued at $2.5 billion including the assumption of $1.5 billion of debt. “We are pleased to reach this agreement with an affiliate of Platinum Equity,” said Nigel Vinecombe, Executive Chairman of Multi-Color Corporation. “This transaction is the culmination of our Board’s review of strategic alternatives to maximize value for our shareholders." Click read more below for additional detail.
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Torstar Corporation Reports Fourth Quarter Results

Highlights for the fourth quarter: • Ended 2018 with $68.2 million of cash and cash equivalents and $7.2 million of restricted cash; Torstar has no bank indebtedness. Cash provided by operating activities was $29.2 million in the fourth quarter of 2018, reflecting $22.4 million of cash generated by operating activities and a $6.3 million decrease in non-cash working capital. • Our net loss from continuing operations was $3.3 million ($0.04 per share) in the fourth quarter of 2018. This compares to net income of $7.8 million ($0.10 per share) in the fourth quarter of 2017. Click read more below for additional detail.
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