January-March 2015 compared with January-March 2014 * Net sales EUR 271.8 million (EUR 249.2 million), showing an increase of 9.1%. * Operating profit excluding non-recurring items EUR 12.0 million (EUR 7.2 million). * Operating margin excluding non-recurring items 4.4% (2.9%). * Profit before taxes EUR 13.8 million (EUR 5.2 million), including a EUR 6 million capital gain booked from the sale of Munksjö Oyj shares. * Earnings per share EUR 0.17 (EUR 0.05).
Sonoco was honored for the transparent way it conducts itself in the areas of Climate Change, Employee Relations, Environment, Finance, Governance, Human Rights and Philanthropy and Community Support. "This award recognizes our unwavering commitment to doing the right thing at all our locations worldwide," said Jack Sanders, president and CEO. "It's our goal to become the acknowledged packaging industry leader in creating and enhancing a sustainable future, benefiting Sonoco's stakeholders through improvement of economic performance, social responsibility and environmental stewardship. This recognition shows us that our hard work is paying off, and we're continuing to make good progress."
1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), the world's leading florist and gift shop, today reported revenues from continuing operations grew 29.3 percent to $232.2 million for its fiscal 2015 third quarter, ended March 29, 2015, compared with revenues from continuing operations of $179.6 million in the prior year period. The Company said the increase in revenues primarily reflected contributions from Harry & David which the Company acquired on September 30, 2014. Total revenues also grew, excluding Harry & David, reflecting solid growth in the Company's Gourmet Food and Gift Baskets and BloomNet segments, somewhat offset by modestly lower revenues in the Company's Consumer Floral segment due to the Saturday placement of the Valentine holiday. Gross profit margin for the third quarter was 41.0 percent, consistent with the prior year period.
Brent June crude futures LCOc1 had slipped 8 cents to $64.75 a barrel by 1058 GMT (6.58 a.m. EDT), after touching a low of $63.90 earlier in the session. U.S. June crude CLc1 fell 26 cents to $56.73 a barrel, recovering from an intra-day low of $56.91. The dollar was down 0.4 percent against a basket of currencies .DXY, helping to curb Brent's losses. A weaker greenback makes dollar-priced commodities more attractive for holders of other currencies.
McGraw Hill Financial, Inc. (NYSE: MHFI) today reported first quarter 2015 results with revenue of $1.27 billion, an increase of 6% compared to the same period last year. Net income and diluted earnings per share from continuing operations were $303 million and $1.10, respectively. Adjusted net income from continuing operations increased 24% to $299 million and adjusted diluted earnings per share from continuing operations increased 25% to $1.09.
Q1 2015 compared with Q1 2014 * Earnings per share excluding special items were EUR 0.29 (0.27), and reported EUR 0.29 (0.36) * Operating profit excluding special items was EUR 204 million, 8.2% of sales (196 million, 7.9% of sales) * Profitability was underpinned by the profit improvement actions and favourable exchange rates * The UPM Lappeenranta Biorefinery started commercial production of advanced renewable diesel * UPM invests in the top performing plywood business by expanding the Otepää mill in Estonia
In yet another blow to the UK paper industry, Tullis Russell Papermakers has fallen into administration, after racking up losses of £18.5m over five years, resulting in the immediate loss of 325 jobs. Blair Nimmo and Tony Friar of KPMG were appointed joint administrators of Tullis Russell Papermakers Limited today at the request of the company’s directors. A total of 325 employees have been made redundant with immediate effect. The remaining 149 have been retained to complete work in progress.
Midland Paper, Packaging + Supplies, one of North America's largest independent distributors of media for business communications, will present a case study entitled ‘The “Roll” of Paper Selection in Your Inkjet Print Business’ at the Inkjet Summit 2015 located in Ponte Vedra, FL April 27-29. The Inkjet Summit is an invitation-only, hosted summit designed for senior managers and business executives who want to understand how current and future inkjet production printing technology, software and solutions will impact their business and investment decisions. This summit offers strategic level insights into what printing industry leaders should do to improve and optimize their business. “For printers entering the inkjet market for the first time, it’s important to understand the culture shift from printing with offset inks towards printing with inkjet inks; and more importantly, how vital the paper selection process relates to overall customer satisfaction of the final printed product” said David Field, Midland’s Senior Business Manager, Inkjet Technologies. “Our goal at Midland is to help customers across the country address their most challenging inkjet media needs with new products and solid solutions”.
Color-Logic, developer of the Process Metallic Color System, has certified the Graphium Digital UV Inkjet Press for use with Color-Logic files. Announcing the certification, Color-Logic Director of Sales and Marketing Mark Geeves commented, "Color-Logic technicians have tested the Graphium Digital UV Inkjet Press for compatibility with Color-logic files. Current and future Graphium users can be assured that their presses will accurately process Color-Logic files and produce striking images on metallic foils and similar substrates. Using the Color-Logic system means that Graphium owners no longer need to create white ink masks. Graphium presses, together with the Color-Logic process, provide printers with 250 new metallic colors and a virtually unlimited combination of decorative effects. As brands require many more SKUs to address worldwide markets, the Graphium digital printing solution enables them to stand out from their competition on the shelf."
Brent crude reversed early gains to fall below $65 on Monday as the dollar strengthened, offsetting signs that U.S. shale output may have started to decline and concerns that fighting in Yemen could disrupt Middle East supplies. The dollar rose 0.22 percent against a basket of currencies (.DXY), making dollar-traded commodities such as crude oil more expensive for holders of other currencies.