First Quarter Highlights * Company posted Revenues of $680 million and Adjusted OIBDA of $51 million in the first quarter of 2015. * Adjusted OIBDA performance reflected strong digital advertising growth and significant benefits from efficiency efforts. * Cash and cash equivalents at March 31, 2015 were $458 million. On May 7, 2015, our Board of Directors declared a quarterly dividend of $0.19 per common share to stockholders of record as of the close of business on May 29, 2015, payable June 15, 2015.
Net sales for the first quarter 2015 were $1.1 billion, consistent with the first quarter 2014. First quarter Adjusted EBITDA was $101 million as compared to $107 million for the same period in 2014, and Adjusted EBITDA Margin was 9.1% compared to 9.7%. The Adjusted EBITDA variance primarily reflects ongoing industry volume and pricing pressures partially offset by additional earnings on sales generated from recent acquisitions.
Oil prices rose more than a dollar to 2015 highs on Wednesday, as a month-long rally gained further impetus from a fall in U.S. crude stocks and conflict in the Middle East. Brent crude jumped by $1.36 to $68.88 a barrel by 0855 GMT, after hitting a 2015 peak of $69.14. U.S. crude traded $1.51 higher at $61.91 a barrel, near an intraday high of $62.05.
Cascades Inc., a North American leader in the recovery, manufacturing and converting of green packaging and tissue paper products, announces the launch of a new website today of their Consumer Products Packaging division which provides access to its complete range of fresh food packaging products. Attached to Cascades' corporate website, this new site was designed to meet the needs of its clientele and features a practical and easy to navigate interactive catalogue that encompasses the entire product offering.
Glatfelter (NYSE: GLT) today reported first-quarter 2015 net income of $13.9 million, or $0.32 per diluted share, and adjusted earnings of $13.4 million, or $0.30 per diluted share. For the first quarter of 2014, net income was $14.6 million, or $0.33 per diluted share, and adjusted earnings were $14.1 million or $0.32 per diluted share. Consolidated net sales totaled $417.5 million in the first quarter of 2015 compared with $455.7 million in the first quarter of 2014.
Nordstrom may well be the first public company to have three presidents as co-presidents. The department store retailer on Tuesday announced that Blake Nordstrom, Pete Nordstrom and Erik Nordstrom have been named co-presidents of Nordstrom. The new titles are, to a large extent, symbolic. The three executives will retain their current roles and responsibilities and will continue to serve on the Nordstrom board. There will be no change to their annual compensation.
Multi-Color Corporation (MCC) is pleased to announce the following acquisitions and start up. Effective May 5, 2015, the 100% acquisition of the Barat Group in Bordeaux and Burgundy with revenues of €28 million (USD 30 million) in 2014. Effective April 2015 we are producing wine and spirit labels from our newly opened start-up operation in La Rioja, Spain. Effective May 1, 2015, we have acquired 100% of Mr. Labels business in Brisbane, Queensland Australia.
Allen Press was the recipient of eight awards in the Printing & Imaging Association of MidAmerica’s Graphic Excellence Competition (GraphEx). GraphEx was created in 1989 to recognize outstanding work in the print media industry. The Mineralogical Record, Volume 25, Number 5, the 2015 Ames Percherons Calendar, and FrontMatter, Issue Number 29, won Best of Category awards in Magazines, Periodicals and Publications (Web Press); Calendars (Booklet); and Newsletters, respectively. Allen Press also received five Awards of Excellence for various publications, including Orchids, Volume 83, Issue 3, Doll News, Summer 2014, Mineral Collections in Texas, the 2014 Windmore Literacy Magazine, and the Three by Three Illustrations Directory.
• Revenues of $2.06 billion compared to $2.08 billion in the prior year • Reported Total Segment EBITDA of $163 million compared to $175 million in the prior year • Adjusted EPS were $0.05 compared to $0.11 in the prior year – Reported EPS were $0.04 compared to $0.08 in the prior year
Fibria Celulose S.A. (Fibria) and Klabin S.A. (Klabin), jointly referred to as Companies ("Companies"), hereby announce to their shareholders and the market that they have approved the signing of an agreement for the supply of hardwood pulp that will be produced at the Klabin plant currently under construction in the city of Ortigueira in the state of Paraná (Puma Project), with production capacity of 1.5 million tons, which includes 1.1 million tons of hardwood pulp. The operational startup of the plant is planned for 2016.