"We are confident in our strategy to achieve our growth and performance targets over the next five years,” said Austen. “Our strategy to accelerate growth, focus innovation, and continuously improve is reinforced by the changes we have made to how we execute – with focus, alignment, accountability, and rigor.” Management expects revenue to grow from $4.3 billion in 2014 to $5.8 billion in 2019, assuming constant currency. Revenue growth through 2019 is anticipated to be equally balanced between organic and inorganic growth.
The American Forest & Paper Association’s (AF&PA) 2014 Community Access Survey shows that overall consumer access to community paper and paperboard recycling in the U.S. reached 96 percent, up from 87 percent in 2010. The survey evaluated 12 separate grades of paper and paperboard, which all showed access increases. Access for 9 of the 12 grades is now at or above 90 percent. The executive summary of the survey is available at: http://paperrecycles.org/sustainability/2014-af-pa-community-access-survey
Workers at the Rock Tenn containerboard mill in La Tuque, Que., are ready to restart operations at the mill, after a short strike came to an end on March 10, 2015. A 36-hour strike began on March 6. The next day, Rock Tenn locked out employees. The situation was resolved on Tuesday, when about 77% of the 130 striking workers accepted Rock Tenn’s offer.
Brent crude oil slipped to a one-month low below $56 a barrel on Wednesday before steadying as a rally in the U.S. dollar and global oversupply weighed. The dollar hit a fresh 12-year high against the euro, gaining more than 1 percent to trade at $1.0561 against the single currency. The dollar index has rallied by 25 percent since last May, making commodities priced in the greenback more expensive for holders of other currencies. Russia's crude oil exports are also set to rise this year, Energy Minister Alexander Novak said, despite some expectations of a plunge in production due to lower prices following the crash from above $100 a barrel last year.
HP (NYSE: HPQ) today announced a re-engineered, sleek new series of LaserJet printers designed to make businesses more efficient. Built around the latest in toner formulation -- new Original HP Toner cartridges with JetIntelligence -- the HP LaserJets use up to 53 percent less energy, take up to 40 percent less space and wake up, print and duplex in a fraction of the time. 1, 2 Today's announcement represents our most significant laser printing re-engineering since the introduction of the first LaserJet in 1984.
Allen Press has announced the launch of Pinnacle Premium™, a new addition to the Pinnacle™ online publishing platform that combines all of the functionality and rich features of Pinnacle with more flexibility in site design and additional features. Pinnacle is a templated content hosting solution built on the robust Atypon Literatum software. In addition to hosting services, Pinnacle also includes XML-tagging, content loading, site editing, and end-user customer support. Using Pinnacle, publishers can deliver a variety of content types including journal articles, books, abstracts, and multimedia files on their own independently branded, mobile-optimized website. Pinnacle Premium™ includes several enhancements that allow for more configurability.
The sustainable management of India’s forests is set to take a significant step forward next week with the launch of the development process of the Indian national forest certification system. This launch, an important step towards PEFC-recognized forest management certification in the country, will be part of an international conference on forest certification in New Delhi on Monday. “In light of India’s vast forest resource, burgeoning economy, and strategic position in international markets, there is great opportunity to further position India’s forestry sector on sustainability, especially through broader uptake of forest certification,” said Sarah Price, Head of Projects and Development at PEFC International.
Rock-Tenn Company (“RockTenn”) (NYSE: RKT) and MeadWestvaco Corporation (“MWV”) (NYSE: MWV) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) with respect to the pending business combination transaction between RockTenn and MWV has expired. The 30-day waiting period is required by the Federal Trade Commission and U.S. Department of Justice as part of the premerger notification program before such a combination transaction can close.
Barnes & Noble, Inc. (NYSE: BKS) today reported sales and earnings for its fiscal 2015 third quarter ended January 31, 2015. Third quarter consolidated revenues of $1.96 billion declined $35 million as compared to the prior year. Third quarter consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) increased 14% as compared to the prior year to $197 million.
John Wiley & Sons, Inc. (NYSE: JWa and JWb), a global provider of knowledge and knowledge-enabled services that improve outcomes in research, professional practice, and education, today announced their results for the third quarter of fiscal year 2015. “Revenue growth this quarter continued to be driven by the strength of our Research journals business, our 2014 acquisitions, and the continued double-digit growth of our Education solutions businesses, including Deltak Education Services and WileyPLUS Course Workflow Solutions,” said Mark Allin, Chief Operating Officer. “For the quarter, journal subscriptions revenue increased 4% on a constant currency basis, while Education Services (Deltak) secured eleven new online programs and another university partner. Our profitability also improved, with higher gross margins from digital products, cost savings from restructuring, and lower income tax rates resulting in another quarter of solid earnings growth for the Company.”