2014 US Commercial Printing Rebounds from Poor First Half with Positive Third and Fourth Quarters

The US commercial printing industry rebounded from a poor start to 2014, finishing nearly even with 2013, up +0.2% in current dollars, at $77.8 billion. Decembers shipments were strong, up +3.7% compared to 2013. It was the first positive December since 2010. At that time, however, current shipments were more that $7 billion; December 2014 shipments were nearly $6.52 billion.
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Courier Reports First-Quarter Results in Line with Expectations

Revenues in the quarter were $66 million, down 8% from $72 million in last year’s first quarter. Net income was $1.8 million or $.16 per diluted share, which includes approximately $800,000, or $.07 per diluted share, of transaction costs associated with the pending acquisition of Courier by R.R. Donnelley & Sons Company (Nasdaq: RRD), as separately announced today, and the terminated agreement with Quad/Graphics, Inc. (NYSE: QUAD), also separately announced today. Results also include $870,000, or $.05 per diluted share, of losses on foreign currency translation related to the November acquisition of a 60% interest in a Brazilian-based digital printer.
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RR Donnelley to Acquire Courier Corporation

R. R. Donnelley & Sons Company (NASDAQ: RRD) and Courier Corporation (NASDAQ: CRRC) jointly announced today that they have signed a definitive agreement by which RR Donnelley will acquire Courier Corporation, a leader in digital printing, publishing and content management in the United States specializing in educational, religious and trade books. The agreement has been approved by each company’s Board of Directors.
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1-800-FLOWERS.COM, Inc. Reports Strong Results from Continuing Operations for Its Fiscal 2015 Second Quarter

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), the world's leading florist and gift shop, today reported total net revenues from continuing operations of $534.3 million for its fiscal 2015 second quarter ended December 28, 2014, compared with revenues from continuing operations of $266.3 million in the prior year period. Total adjusted net revenues for the quarter were $549.7 million including estimated lost revenues of $13.8 million due to the Thanksgiving-day fire at the Company's Fannie May warehouse and a $1.6 million purchase accounting adjustment to deferred revenue related to the Harry & David acquisition,.
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Verso mill sale completed

The sale of the local paper mill to a Canadian scrap metal recycler was completed Thursday, according to a spokesman for Verso Paper Corp. AIM Development, a U.S. subsidiary of Montreal-based American Iron & Metal, now owns the 85-year-old Bucksport fixture, Verso spokesman Bill Cohen said.
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