Business Management - Finance/Financial

Why are people so willing to issue debt in our industry, at such low rates, with such flimsy justification, and with such an awful track record? The premium for distressed assets is down to around 5 percent, close to a historical low. There is a LOT of dumb money, and it doesn’t seem to be getting any smarter.

HOUSTON—Consolidated Graphics announced financial results for its fourth quarter and year ended March 31, 2013. Revenue for the March 2013 quarter increased to $251.0 million, compared to $250.6 million for the same quarter last year due to a .5 percent same-store sales increase, excluding election related business.

Consolidated Graphics' Revenue for the March 2013 quarter increased to $251.0 million, compared to $250.6 million for the same quarter last year due to a .5 percent same-store sales increase, excluding election related business.

Catalyst Paper posted a net loss of $9.8 million in the first quarter of 2013. "The Chinese economic rebound has driven pulp shipments and prices up," said Catalyst President and CEO Kevin J. Clarke. "But we had much tougher conditions on the paper side of the business."

NGP Capital Resources is closing its third non-energy middle market portfolio investment. On April 22, 2013, the company closed a $17.5 million Second Lien Term Loan to fund a portion of the acquisition of IGI Corp by Nekoosa Coated Products.

The second quarter of Courier Corp.'s fiscal year is usually its slowest, coming in between the traditional busy seasons in the education market. In the company’s book manufacturing segment, second-quarter sales were up from a year ago overall, led by increased sales in the specialty trade market.

Whether you keep a very strong current ratio with large cash reserves in the business or you choose to keep it in liquid personal assets, do one or the other. You will sleep better and will be better prepared for emergencies. Equally important is to be in a position to capitalize on the great opportunities that are still out there in our industry.

Schawk Inc. has released its fourth-quarter and full-year 2012 results. Net loss in the fourth quarter of 2012 was $18.1 million, or a loss of $0.69 per diluted share, versus net income of $5.8 million, or $0.22 per diluted share, in the fourth quarter of 2011. "During 2012, our revenue grew nearly six percent globally within our largest client channel, consumer packaged goods," said CEO David A. Schawk.

Cenveo Inc. generated net sales of $451.8 million for the three months ended December 29, 2012, compared to $486.5 million for the same period last year. The decrease in net sales was primarily due to lower sales in our print and envelope product lines as a result of lower direct mail volumes from our financial services customers, the closure and consolidations of a print plant and two envelope plants and our decision to exit certain low margin business.

Quad/Graphics Inc. reported preliminary unaudited fourth quarter and full-year 2012 results in advance of management's attendance at the 2013 Baird Business Solutions Conference in New York City today. “Despite ongoing economic and industry challenges in 2012, we expect our fourth quarter and full-year 2012 results to be in line with our previously discussed expectations,” said Joel Quadracci, Quad/Graphics chairman, president and CEO.