Visant Corp. has announced results for its second fiscal quarter ended June 28, 2014, including consolidated net sales of $444.3 million, compared to $448.5 million for its second fiscal quarter ended June 29, 2013. Visant reported consolidated net income of $64.1 million for the second fiscal quarter of 2014, compared to consolidated net income of $56.7 million for the second fiscal quarter of 2013.
Deluxe Corp. has announced its financial results for the second quarter ended June 30, 2014. Both revenue and adjusted diluted EPS exceeded the high end of the range in the prior outlook. The earnings results were driven by strong revenue performance in all segments, each of which met or exceeded revenue expectations, and better than expected cost reductions partially offset by a slightly higher effective tax rate.
Standard Register has reported its financial results for the second quarter of 2014. The company reported revenue of $225.3 million and a net loss of $5.8 million or $0.67 per diluted share. For the 2013 second quarter, revenue was $136.8 million and net income was $2.0 million or $0.34 per diluted share.
For the quarter ended June 30, 2014, EFI reported record second quarter revenue of $193.0 million, up 7 percent compared to second quarter 2013 revenue of $180.3 million.
Transcontinental Inc. has completed the acquisition of Capri Packaging and Sun Media. For the second quarter, operating earnings rose from $54.2 million to $58.5 million. This performance is due to the company-wide optimization of its cost structure and its highly efficient printing platform. "We are proud to have completed two major transactions that position TC Transcontinental strategically for the future," said François Olivier, president and CEO.
xpedx and Unisource Worldwide have chosen the name Veritiv for the leading distribution solutions company that will be created upon completion of their merger. The company will begin operating under the name Veritiv and will introduce its new brand/logo immediately after the closing of the transaction, which is expected to occur early in the third quarter of 2014, upon satisfaction of the remaining closing conditions.
The U.S. Postal Service has reported its second quarter results of its 2014 fiscal year with a net loss of $1.9 billion. “The Postal Service is working diligently to improve its finances by streamlining our network to improve efficiency, reduce operating costs and increase revenue, which was up $379 million over the same period last year—the third straight quarter of revenue increase,” said Postmaster General and CEO Patrick Donahoe.
SUSSEX, WI—Quad/Graphics Inc. has reported results for its first quarter ending March 31. Net sales for the first quarter of 2014 were $1.1 billion, down approximately 2 percent quarter-over-quarter. First quarter 2014 adjusted EBITDA was $107 million compared to $114 million for the same period in 2013, and first quarter 2014 adjusted EBITDA margin was 9.7 percent compared to 10.1 percent in the first quarter of 2013.
Courier Corp. has released its results for the quarter ended March 29, 2014, the second quarter of its 2014 fiscal year. Revenues were $61.4 million, off slightly from $61.8 million in last year’s second quarter. “For years our financial results have reflected the seasonal nature of our business, with a slow second quarter paving the way for a stronger second half,” said Courier chairman and CEO James F. Conway III.
Joel Quadracci, Quad/Graphics chairman, president and CEO, reports that the company's first quarter ending March 31, 2014, was inline with its expectations. "We continue to focus on ways to grow market share and remain disciplined in our approach to improve productivity and create sustainable cost reduction initiatives; maintain a strong and flexible balance sheet; invest in our business; and pursue value-driven consolidation opportunities like Brown Printing."
