STAMFORD, CT—Announcing its financial results from the third quarter of 2014, Cenveo reported net sales of $480.6 million, which is up 8.5 percent from the third quarter of 2013. The increase is primarily due to sales generated from the integration of National Envelope into Cenveo's envelope operations, which was acquired on Sept. 16, 2013. In addition, the company was able to pass along paper price increases to certain customers in its envelope operations.
Business Management - Finance/Financial
SUSSEX, WI—For the third quarter ending Sept. 30, 2014, Quad/Graphics Inc. reported that results were in-line with its expectations. Net sales for that time period were $1.2 billion, an increase of 2.5 percent compared to the third quarter of 2013. The increase was in part due to Quad/Graphics' acquisition of Brown Printing.
Announcing its financial results from the third quarter of 2014, Cenveo reported net sales of $480.6 million, which is up 8.5 percent from the third quarter of 2013. The increase is primarily due to sales generated from the integration of National Envelope into Cenveo's envelope operations, which was acquired on Sept. 16, 2013. In addition, the company was able to pass along paper price increases to certain customers in its envelope operations.
Reporting its third-quarter results for 2014, InnerWorkings Inc. announced a non-GAAP adjusted EBITDA of $12.3 million, which is an increase of 41 percent compared to the non-GAAP adjusted EBITDA of $8.7 million in the third quarter of last year. "Our consistent growth and solid momentum continued in the third quarter as we landed major new client contracts, underscoring our opportunity within a large and underpenetrated market,” said Eric Belcher, CEO of InnerWorkings.
For the third quarter ending Sept. 30, 2014, Quad/Graphics Inc. reported that results were in-line with its expectations. Net sales for that time period were $1.2 billion, an increase of 2.5 percent compared to the third quarter of 2013. The increase was in part due to Quad/Graphics' acquisition of Brown Printing.
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.