Thursday, May 9, 2013

Sappi Reports Q2 Results

Sappi profits fall 88%:
Summary for the quarter: 
European business impacted by lower prices and higher pulp costs   
Specialised Cellulose projects on track, major shuts completed   
Profit for the period US$7 million (Q2 2012 US$58 million)
EPS 1 US cent (Q2 2012 11 US cents)
Operating profit excluding special items US$40 million (Q2 2012 US$125 million)
Net finance costs US$40 million (Q2 2012 US$51 million)
Net debt US$2,152 million (Q2 2012 US$2,133 million)

Neenah Paper Reports Q1 Earnings

Neenah Paper, Inc. today reported adjusted earnings from continuing operations of $0.74 per diluted common share in the first quarter of 2013 compared to adjusted earnings of $0.77 per share in the first quarter of 2012. Without adjustments, reported earnings in the first quarter of 2013 were $0.73 per diluted share and compared to $0.54 per share in the prior year period. Adjusted earnings excluded costs of $0.01 per share in 2013 to integrate brands purchased from Southworth in January 2013 and excluded costs of $0.23 per share in 2012 for acquisition costs and a pension settlement charge.
Net sales of $213.2 million in the first quarter of 2013 increased eight percent compared with the first quarter of 2012. Revenues increased in both segments, with growth in Fine Paper aided by additional volumes from acquired brands.

Cenveo Reports Q1 Results

Cenveo, Inc. today announced results for the three months ended March 30, 2013.
The Company generated net sales of $432.3 million for the three months ended March 30, 2013, compared to $455.6 million for the same period last year. Operating income was $13.9 million for the three months ended March 30, 2013, compared to $14.2 million for the same period last year. The decrease in operating income was primarily due to lower sales, higher input costs in smaller raw material categories and inefficiencies related to a press fire in one of our packaging facilities, offset in part by lower restructuring, impairment and other charges.

F+W to Acquire ‘The Sewing Studio', LoveSewing.com

F+W Media, Inc. announced the Company has signed a definitive agreement to acquire a sewing vertical with retail locations in New York City and Toronto and a thriving online education portal. The Sewing Studio and www.LoveSewing.com will join the F+W portfolio effective May 1st further solidifying the Company’s role as the leader in craft and sewing media and education. Terms of the deal will not be disclosed.
David Nussbaum, Chairman & CEO, spoke about the acquisition, “In our continued mission to serve our communities, we pay particular attention to how our enthusiasts get their information, get inspired, and learn..."

Hearst Magazines Names President Digital Media

Hearst Magazines, the publisher of such venerable titles as Esquire and Cosmopolitan, said on Wednesday that it was creating a new position, president of digital media.
The job will go to Troy Young, 45, who will be responsible for content, revenue production and development strategies for Hearst Magazines’ 26 online properties, which include Cosmopolitan.com, Elle.com and RealBeauty.com. The job’s purview extends only to magazines’ online brands, not to their print editions.

Williams-Sonoma Expands to Australia

Williams-Sonoma, Inc. (NYS: WSM) , the North America-based retailer that specializes in high-quality products for the home, today celebrated the opening of four stores in the Bondi Junction suburb of Sydney, Australia. The Williams-Sonoma, Pottery Barn, Pottery Barn Kids and West Elm stores will open at 10 a.m. on May 2, preceded by a ribbon cutting hosted by The Honorable Barry O'Farrell MP, Premier of New South Wales.

PRIMIR: "eCommerce & Print Business Models"

PRIMIR, the Print Industries Market Information and Research Organization, today announced that its latest study, "eCommerce & Print Business Models," has been published. The research, conducted by InfoTrends and provided exclusively to PRIMIR members, reveals insights into this service that growing numbers of printers are now offering, and also how manufacturers of equipment, software, consumables and supplies can provide them with support.

Nautilus: Science Connected Magazine Launched

A new kid has arrived on the science journalism block, a monthly magazine named Nautilus: Science Connected. Its first issue, which appeared online on April 29, focuses on a single theme: what does or does not make the human race special. 
The magazine will not come out all at once, but in online “chapters” each Thursday. Physically, it is to appear quarterly; subscriptions are $49 a year; Mr. Steele hopes for an initial base of 5,000 subscribers. A few copies of an abridged version of the first issue have been produced: Its 44 thick, color pages have the luxurious production values of a corporate report.

Email Open Rates Average 19.7%

Email open rates average 19.7% last year: Email marketers experienced an average open rate of 19.7% last year, a report from email marketing services provider Silverpop found.