Business Management - Finance/Financial
Eastman Kodak Co. has reported net earnings of $19 million for the third quarter of 2014. Net earnings in the third quarter of 2013 were $1.99 billion as a result of a $2.21 billion reorganization item gain in that quarter. Operational EBITDA increased to $89 million in the third quarter from $42 million in the previous-year quarter.
The 2014 third-quarter results for RR Donnelley have been released, reflecting continued success. Despite a challenging comparable related to the timing shift of a significant customer project into the fourth quarter this year, the company achieved organic revenue growth of 0.8 percent in the third quarter.
Third quarter 2014 net earnings have been released by International Paper. Operating Earnings were $409 million ($0.95 per share) in the third quarter of 2014, compared with $400 million ($0.93 per share) in the second quarter of 2014 and $455 million ($1.01 per share) in the third quarter of 2013.
Heading into the fourth quarter, Semper International, a placement firm for skilled help in the graphic arts and printing industry, reported stunning improvements amid some market unrest. As the report stated, "In the 12 years we have been conducting our survey, we have never before seen ZERO respondents reducing staff."
Final results for Deluxe Corp.'s third quarter have been released. The company experienced revenue increases of 3.8 percent over last year. Adjusted EPS of $1.03 increased by 7.3 percent, which exceeded the high end of the outlook. In addition, Deluxe Corp. acquired Wausau Financial Systems. Revenue, operating cash flow and earnings are expected to continue to grow in 2014 and 2015.
Financial results for the third quarter of 2014 for Standard Register have been released. The company reported revenue of $219.4 million and a net loss of $5.6 million or $0.65 per share. Total revenue increased 10.0 percent to $219.4 million from $199.4 million in the 2013 third quarter.
EFI has reported record revenue of $197.7 million, up 11 percent compared to third quarter 2013 revenue of $178.8 million. "In the third quarter the EFI team raised the bar on execution with revenues growing 11 percent to all-time record levels, increasing our confidence in achieving $1 billion in revenue by the end of 2016," said Guy Gecht, CEO of EFI.
Domtar Corp. has sold its five millionth ton of Forest Stewardship Council (FSC)-certified EarthChoice uncoated fine paper, a first for the North American market. The milestone solidifies the company's position as a longstanding industry leader in responsible fiber sourcing and sustainable practices.
Agfa-Gevaert has published its second quarter 2014 results. The Agfa-Gevaert Group’s revenue declined by 11.1 percent compared to the second quarter of 2013. Group revenue was impacted by the weakness in the emerging markets, adverse currency effects and the challenging conditions in the U.S. healthcare market.
The Center for Responsive Politics reports the postal service has been paid $17.5 million so far this election cycle for delivering political direct-mail pieces, ranking it No. 4 on the center's list of political vendors. This revenue won't close the postal service's fiscal gap — it lost $2 billion last quarter — but every little bit helps.
The No. 1 vendor is Waterfront Strategies, which has spent nearly $42 million on media buys on behalf of Democratic candidates, with most of this money coming from liberal super PACs.