Operating income for the fourth quarter of 2017 was $4.1 million compared to an operating loss of $8.1 million in 2016. Fourth quarter results include non-cash pretax asset impairment charges of $3.2 million in 2017 compared to $1.2 million in 2016. Excluding these charges, adjusted operating income for the fourth quarter was $7.3 million, up $14.3 million from the adjusted operating loss of $7.0 million in 2016 (see Note 1). Net loss for the fourth quarter was $0.4 million or $0.01 per diluted share compared to a net loss of $4.9 million or $0.11 per diluted share in 2016. Click Read More below for additional information.
After more than 100 years in business, MIDLAND has grown from a single Midwest location to one of the largest independent paper and packaging distributors in the United States. Headquartered in Wheeling, Illinois, MIDLAND provides value added solutions for the efficient distribution of printing and publication papers, packaging supplies and equipment, and facility supplies. Through experienced recommendations and intimate knowledge of these industries, the company helps clients find the best solution for their needs at the most competitive pricing in today’s ever-changing marketplace.
MIDLAND focuses its attention on adding value to paper and packaging programs by using its strong mill relationships and expertise in paper, packaging, design, printing and mailing to help clients exceed their marketing and financial objectives. And when it comes to sustainability, MIDLAND’s commitment is evident in both principle and practice.
“More and more, we see the current business climate driving our print and packaging customers to assess their impact on the planet,” says MIDLAND National President David Goldschmidt. “Companies turn to MIDLAND because they want a responsible supplier who conducts business ethically and can help them achieve their corporate sustainability goals.
“MIDLAND’s corporate sustainability approach focuses on several key pillars – driving social impact, environmental ethics, protecting our planet, empowering our people and promoting responsible business practices,” Goldschmidt explains. “We are constantly integrating this approach through the transformation of our own operations and offerings, and by providing sustainable solutions for our clients.”
The company’s team of experts has a deep knowledge of the environmental impact of paper and packaging in the supply chain. MIDLAND’s long-standing commitment to chain-of-custody forest certification, extensive offering of recycled papers, papers manufactured with biofuels, as well as its innovative Carbon Balanced Paper program, help a rapidly growing number of customers achieve their sustainability goals with the least environmental impact.
MIDLAND holds leadership roles and actively participates in various sustainability-focused organizations, including the Environmental Paper Assessment Tool (EPAT) Steering Committee and ongoing mill sustainability committees. The company has been a member of Two Sides North America (TSNA) since the organization’s inception more than a decade ago, and MIDLAND National Vice President of Sales Bill Rojack currently serves as chairman of the TSNA Board of Directors.
much more at: https://twosidesna.org/US/member-spotlight-14/?utm_medium=email&utm_campaign=TSNA%20MIDLAND%20Member%20Spotlight&utm_content=TSNA%20MIDLAND%20Member%20Spotlight+CID_464adf84e32e62d95d6b19e861ed81c8&utm_source=Email%20marketing%20software&utm_term=READ%20MORE