Business Management - Finance/Financial

RR Donnelley Reports Q4 2016 Net Sales Up 3.7% From Q4 of Previous Year
February 28, 2017 at 9:13 am

RR Donnelley has released its financial results for the fourth quarter 2016. The company reports that net sales in the quarter were $1.88 billion, up $67.0 million or 3.7% from the fourth quarter of 2015. This increase was primarily due to $80.4 million in net sales previously recognized by reporting units that are now part of LSC and Donnelley Financial and $14.0 million from the previously announced acquisition of Precision Dialogue, partially offset by a negative $16.1 million impact from changes in foreign exchange rates, a $6.3 million reduction related to dispositions completed earlier in the year and a consolidated net organic sales decline of 0.4%.

Heidelberg Realigning for Digital Transformation; Reports Latest Financials
February 9, 2017 at 8:48 am

During the third quarter, Heidelberg’s operating result (EBITDA) and the net result after taxes improved further compared to the same quarter of the previous year. A large number of orders placed at drupa for presses with longer delivery times that were presented at and ordered during the trade show will be supplied on schedule in the fourth quarter. The series launch of these products at the end of the financial year will also generate higher sales and a better results than in the previous year.

Verso Corp. Receives Tax Credit of $1.2M for Move to Miamisburg, Ohio
February 1, 2017 at 2:07 pm

Verso Corp. was approved for a six-year $1.2M tax incentive by the Ohio Tax Credit Authority, ahead of a move that consolidates its Memphis, Tenn., headquarters with its larger Miamisburg, Ohio, facility. Verso officials said that the move should be completed by the end of the second quarter, reported the Dayton Business Journal.