Friday, April 26, 2013

Weyerhaeuser Reports Q1 Results

Wood Products reports strongest quarterly earnings since 2005; Board of Directors increased dividend by 18 percent on April 11 to 20 cents per share; Weyerhaeuser upgraded to investment grade on improved performance
Weyerhaeuser Company today reported net earnings of $144 million, or 26 cents per diluted share, for the first quarter. This compares with net earnings before special items of $9 million, or 2 cents per diluted share, for the same period last year. Net sales for the first quarter of 2013 totaled $2.0 billion, compared with net sales of $1.5 billion for the first quarter of 2012.

Sequana Reports Q1 Results

http://www.arjowigginsgraphic.com/
http://listofcompanies.co.in/sequana/
In the first quarter of 2013, the recession in Europe coupled with a weak global economy in general continued to accentuate the structural decline in demand for printing and writing papers against a backdrop of strong downward pressure on selling prices. First-quarter volumes declined by 10% in distribution and by 6% in production. Consolidated sales came in at €892 million, down 9.4% (down 8.4% at constant exchange rates) year-on-year.
Arjowiggins' sales were €324 million, down 10.8% on first-quarter 2012, or 9.8% at constant exchange rates.
This decline was attributable mainly to falling volumes for printing and writing papers in Europe amid strong downward pressure on selling prices. Demand held up better for recycled paper in most countries, along with recycled pulp and most of the specialty businesses.

Koehler Appeals Commerce Duties

Almost a week after the US Dept of Commerce (DOC) levied a much-higher 75.36% dumping duty on Koehler Paper's lightweight thermal POS paper imports, Koehler appealed the determination and called on the US Court of International Trade (CIT) to review the decision, contacts told PPI Pulp & Paper Week.
The DOC on Apr. 18 made final a dumping duty of 75.36%, from 4.33% or 6.5%, on Koehler's lightweight thermal paper.

PPPC: Global Pulp Deliveries Up

Global pulp deliveries rose by 11% to 3.909 million tonnes in March, up from 3.523 million tonnes the previous month, according to Pulp and Paper Products Council (PPPC) data.
Shipments were 0.6% higher than the year-earlier period, up from 3.885 million tonnes in March, 2012.
Bleached softwood kraft (BSK) pulp shipments were up from 1.810 million tonnes in February to 1.964 million tonnes in March, while bleached hardwood kraft (BHK) pulp deliveries jumped from 1.596 million tonnes in February to 1.827 million tonnes last month.

Finnish Paper Production to Fall, Export Prices to Rise

Finnish paper production and exports will decrease this year and next, while paperboard and pulp manufacturers will enjoy export growth, according to the Pellervo Economic Research (PTT) Institute's 2013-2014 forecast.
PTT forecasts further drops in Finnish paper volumes. This year, Finnish production and exports of paper will decrease by 1-3% and next year by 1-4%, according to PTT.
This is due to the weak economic situation in Finland's most important export countries, which will drag consumption there down, coupled with a structural decrease in paper demand. As a result, the industry is taking permanent or temporary measures to limit production. In Finland, UPM will close a 245,000 tonne/yr supercalendered paper machine at its Rauma mill in April.
However, PTT foresees increases in Finnish paper export prices. The institute expects prices to either remain stable or rise by up to 2% in 2013 compared to 2012. For 2014 it sees prices rising by 2-3%, as a result of capacity closures in Europe.

AF&PA Reports March Kraft, Boxboard Ships

Total Kraft paper shipments were 132.6 thousand tons, an increase of 11.6 percent compared to the prior month. Bleached Kraft paper shipments decreased year-over-year 1.3 percent, and the 7.2 percent year-over-year decline in unbleached Kraft paper shipments were enough to bring overall Kraft paper shipments down 6.5 percent year-over-year. Total month-end inventory increased 0.4 percent to 71.6 thousand tons this month compared to February 2013 month-end inventories.
Total boxboard production decreased by 1.2 percent compared to March 2012 but increased 6 percent from last month. Unbleached Kraft Boxboard production decreased over the same month last year and decreased compared to last month. Total Solid Bleached Boxboard & Liner production decreased compared to March 2012 but increased compared to last month. The production of Recycled Boxboard increased compared to March 2012 and increased when compared to last month.

Germany: Another Mill Raises Coated Price

Antalis has set its sights on higher prices in Germany. The trader announced last week that it intends to raise prices for coated woodfree (CWF) sheets by 5% from May 6. Prices for all other grades are supposed to rise by 3% from the same date.
Antalis ascribed the move to rising energy and fuel prices as well as logistics and transport costs, which are impacting the price structure in the wholesale market.

Cabela's Reports Strong Q1, Plans New Store

Cabela's Incorporated (NYSE:CAB) today reported strong financial results for first quarter fiscal 2013.
For the quarter, total revenue increased 28.7% to $802.5 million; Retail store revenue increased 41.0% to $486.7 million; Direct revenue increased 18.4% to $225.2 million; and Financial Services revenue increased 2.8% to $85.8 million. For the quarter, comparable store sales increased 24.0%. For the quarter, net income increased 72.9% to $49.8 million compared to $28.8 million in the year ago quarter, and earnings per diluted share were $0.70 compared to $0.40 in the year ago quarter. 
Cabela’s Incorporated (NYSE:CAB), the World’s Foremost Outfitter® of hunting, fishing and outdoor gear, announced today plans to bring the extraordinary Cabela’s retail experience to customers in the north Edmonton, Alberta, Canada, area.

MediaPost Mag Bag

Wired Celebrates 20th Birthday With Anthology
Wired is celebrating its 20th birthday with a new digital anthology, Wired@20, which plumbs the magazine’s archives for the best stories from its first two decades.
Glassman To Smithsonian Media, Associate Publisher, Marketing
Smithsonian Media has promoted Judy Glassman to associate publisher for marketing. Her previous role was director of marketing for the company. In her new role, she will be responsible for developing multiplatform marketing opportunities among Smithsonian Media Group assets, including the flagship magazine, Air & Space, goSmithsonian, the Smithsonian Channel and Smithsonian.com.
And more... 

What's Next for Magazines?

"Innovations in Magazine Media 2013 World Report"  is the annual must-read guide to what's new in the field of magazines, analyses of how the industry is doing, and, some looking into the future. 
The book is published by the Innovation International Media Consulting Group for FIPP, the worldwide magazine media association.
The 130-page book offers a wealth of information on how magazines continue to morph into shapes, views and sounds beyond imagination. 
Not only are magazine developers leaving no proverbial page unturned, they're also leaving no sense untouched in their quest for the ultimate experience. 
An introduction to a chapter on magazines' prospects says it all: "While paper is eternal, technologists and visionaries are re-imagining the magazine following the old adage that the best way to envision the future is to prototype it."

Meredith Posts Strong Q3

Meredith Corporation, the leading media and marketing company serving American women, today reported fiscal 2013 third quarter earnings per share of $0.65, compared to $0.47 in the prior-year period.  Excluding special items in both periods, fiscal 2013 third quarter earnings per share grew 9 percent to $0.72, compared to $0.66 in the prior-year period.  Total Company revenues rose 7 percent to $370 million.

Valassis Profit Down in Q1

Valassis Profit Down in Q1, Cuts 2013 Guidance: LIVONIA, Mich. - Valassis today announced financial results for the first quarter ended March 31, 2013.  First-quarter 2013 revenues were $482.5 million, a decrease of 7.0% from $518.6 million in the prior year quarter. This decrease was due primarily to an anticipated decline in revenues in the Neighborhood Targeted segment resulting from the change in certain client contracts to a fee-based media placement model.

Deluxe Reports Q1 Results

Deluxe Profit in Q1 Tops Esimates:
Revenue for the quarter was $387.6 million compared to $378.0 million during the first quarter of 2012. Revenue increased 2.5% compared to 2012, despite two fewer business days in 2013, driven by 8.1% growth in Small Business Services. Marketing solutions and other services revenue increased 22.2% compared to 2012 and represented 19.2% of consolidated revenue, up from 16.1% in the first quarter of 2012.

Standard Register Reports Q1 Results

Standard Register Continues Upward Performance Trend in Q1: DAYTON, Ohio - Standard Register today announced its financial results for the first quarter of 2013. The Company reported revenue of $141.6 million and a net loss of $2.0 million or $0.7 per share. The results compare to first quarter 2012 revenue of $157.6 million and a net loss of $5.1 million or $0.18 per share.

CEO Confidence Continues to Improve

CEO Confidence Continues to Improve: The Conference Board Measure of CEO Confidence™, which had increased in the fourth quarter of 2012, improved again in the first quarter of 2013. The Measure now reads 54, up from 46 in the previous quarter (a reading of more than 50 points reflects more positive than negative responses).

Senator Vows Postal Reform Act by July 4

Senator Carper Vows Postal Reform Act by July 4:  Sen. Tom Carper (D-Del.), chairman of the Senate subcommittee that oversees the United States Postal Service, told a group of postal officials and business leaders yesterday at the Postal Vision 2020 conference that he expected to have a new reform bill passed by both Houses of Congress and sitting on President Obama's desk before Congress's July 4 recession.

NY Times Co. Plans Strategy, Reports Q1

NY Times Co. unveils growth strategies: New York—On the heels of reporting first-quarter results, the New York Times Co. announced a series of strategic initiatives to spur revenue growth that will begin to be rolled out in the fourth quarter.
The New York Times Planning Lower-Priced Digital Subs

In this morning's first quarter earnings call, which had revenues down 2 percent, The New York Times Co. announced plans for a number of new initiatives at the flagship paper, including a lower-priced subscription model, international expansion, and increased focus on digital video, all expected to roll out in the last quarter of 2013 through 2014.
http://www.mediapost.com/publications/article/198963/nytco-circ-revenues-up-ad-revenues-down.html#axzz2RVYzoCAGThe New York Times Co. reported that circulation revenues rose in the first quarter, reflecting the continuing success of its digital subscription strategy -- but this growth was more than offset by a steep decline in print advertising revenues and a more modest decrease in digital ad revenues. NYTCO's total circulation revenues rose 6.5% from $227 million in the first quarter of 2012 to $242 million in the first quarter of 2013, thanks to a 45% jump in the number of the company’s digital subscribers, which numbered 708,000 at the end of the recent quarter, compared to around 490,000 a year before.