Navigation Links
Pregis Announces First Quarter 2008 Financial Results
Date:5/9/2008

DEERFIELD, Ill., May 9 /PRNewswire/ -- Pregis Corporation, a leading international manufacturer, marketer, and supplier of protective packaging products and specialty packaging solutions, today announced its 2008 first quarter financial results.

For the first quarter of 2008, the Company generated net sales of $259.3 million, an increase of 8.5% over net sales of $239.0 million in the first quarter of 2007. Excluding the impact of favorable foreign currency translation and sales from two acquisitions made in the second half of 2007, the quarter's net sales were down 3% compared to the prior year quarter.

Gross profit margin, as a percent of net sales, was 21.9% in the first quarter of 2008, compared to 25.5% in the first quarter of 2007. The decline in gross margin resulted primarily from significantly increased costs of resin and other raw materials in the 2008 period, which approximated $7 million of year-over-year unfavorability. In order to mitigate these increases in raw material costs, the Company implemented selling price increases throughout its businesses in the first quarter of 2008. However, the Company has experienced a lag in realizing the benefits from these recent price increases relative to the impact of the increased raw material costs, which resulted in the reduction in its gross margin percentage in the first quarter of 2008.

Commenting on the Company's results, Mike McDonnell, President and Chief Executive Officer, stated, "Our first quarter results were negatively impacted by raw material cost inflation, as well as the weakened economic environment in the U.S. as well as in Europe. Although resin costs stabilized somewhat during the first three months of 2008, we expect continued volatility and remain committed to our disciplined focus on achieving pricing for value and full cost recovery as rapidly as possibly. In addition, we continue to drive efficiency initiatives throughout the organization, both to mitigate the
'/>"/>

SOURCE Pregis Corporation
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11

Related medicine news :

1. Pregis Corporation Appoints New President of Protective Packaging North America
2. Pregis Announces Investor Conference Call to Review 2007 Fourth Quarter and Full Year Financial Results
3. Pregis Announces Fouth Quarter and Full Year 2007 Financial Results
4. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
5. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael
6. UHW Announces: Antelope Valley Hospital Caregivers and Board Vote to Ratify First Union Contract With SEIU UHW-West
7. HEI, Inc. Announces Sale of RFID Division Assets
8. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Zyloprim(R)
9. Mettler-Toledo International Inc. Announces Webcast of Presentation at Thomas Weisel Partners 2007 Healthcare Conference
10. Z Trim Announces Revocation of Gregory Halpern Severence Agreement
11. Brooke Franchise Corporation Announces Selected July Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/14/2009)... nursing facilities (SNFs) in Ohio are making major changes ... a 92 percent increase in the state-imposed Medicaid bed ... bed per day, scheduled for December 15. The ... additional $17,520 to the state each month, or $210,240 ... ,, Nearly 96 percent of skilled nursing facilities responding ...
(Date:12/14/2009)... to Stemming Tide of Tens of Thousands of ... Dec. 14 Legislation approved by Congress ... be crucial in helping to reduce tens of ... year in the United States, the National ... The provision was included in the FY 2010 ...
(Date:12/14/2009)... The Hemophilia Federation of America (HFA) ... involving the Teamsters Local 929 and the American ... blood system depends on skilled workers to provide ... distilled into products such as clotting factor for ... ,, The Division of Blood Services at ...
(Date:12/14/2009)... When Kurth Krause, an aerospace engineer,for NASA, was ... the moon, he,was confident that technology and science ... there was one thing that science couldn,t solve.,His ... though dialysis machines,would keep her alive for awhile, ... wife is 69 and is starting dialysis next ...
(Date:12/14/2009)... be linked to scans performed in 2007 , , MONDAY, ... exposing patients to far more radiation than previously thought and ... a year, two new studies claim. , Based on the ... Archives of Internal Medicine , the study authors, joined by ... on clinicians to limit radiation exposure to patients. , "CT ...
Breaking Medicine News(10 mins):Health News:Survey Shows Tax Increase Forcing Ohio Skilled Nursing Facilities to Make Cuts 2Health News:Survey Shows Tax Increase Forcing Ohio Skilled Nursing Facilities to Make Cuts 3Health News:NVHR Applauds Congressional Action to End Federal Ban on Funding Syringe Exchange 2Health News:HFA Voices Blood Safety Concerns 2Health News:69-Year-Old Grandmother Needing A Lifesaving Kidney Transplant Finds a Miracle on the Internet: a 25-Year-Old Living Altruistic Organ Donor Stranger 2Health News:69-Year-Old Grandmother Needing A Lifesaving Kidney Transplant Finds a Miracle on the Internet: a 25-Year-Old Living Altruistic Organ Donor Stranger 3Health News:Studies Quantify Cancer Risks From CT Scans 2Health News:Studies Quantify Cancer Risks From CT Scans 3Health News:Studies Quantify Cancer Risks From CT Scans 4
... Technology , , SOMERVILLE, ... device company, today announced the launch of the PROCEED ... family of hernia products. PVP Device is the first ... and exclusive, absorbable deployment technology. It is indicated for ...
... , , SEATTLE, Dec. 16 ... Hutchinson Cancer Research Center,s "Get Screened" video contest - a creative ... screening. All entries are due by Jan. 15, 2009. , ... Hutchinson Center,s ongoing awareness campaign - "Your colon. Your life. ...
... 16 The ASCII Group, Inc. (ASCII), the nation,s ... has announced a partnership with Association Health Programs (AHP) ... the cost of health insurance. The program will ... a comprehensive health insurance program for individuals, families, groups, ...
... Programs and Next Year,s Services , , ... Chicago is facing a grave financial shortfall which will severely ... of donations increases this Christmas season according to its commanding ... , "The economic downturn has attacked us on ...
... Improve Ease of Use and Speed , , BOSTON, ... improved version of its producer website ( www.jhltc.com ) to make it easier for ... tools online. , , Enhancements to the site include: ... Faster speed of processing , ...
... deadly,bacteria in lungs , , TUESDAY, Dec. 16 (HealthDay News) ... in the lungs of cystic fibrosis patients are signaling ... The pigments may enable infectious Pseudomonas aeruginosa ... Massachusetts Institute of Technology (MIT) study. , The ...
Other Medicine News:Health News:ETHICON Launches the Latest Innovation in Hernia Repair Platform; PROCEED(TM) Ventral Patch (PVP(TM) Device) 2Health News:A Month Left to Enter the 'Get Screened' Video Contest for a Chance to Win Up to $2,500 2Health News:The ASCII Group Partners with Association Health Programs to Counter Rising Health Insurance Costs 2Health News:Salvation Army Services Threatened by Pace of Donations 2Health News:John Hancock LTC Enhances Producer Website 2Health News:John Hancock LTC Enhances Producer Website 3Health News:Scientists Spot Key to Cystic Fibrosis Infections 2
(Date:12/14/2009)... Dec. 14 In response to an ... 2009, in which the Agency recommended that healthcare ... (SS1) sterile processing system, hospitals throughout the U.S. ... alternatives to that product. According to the FDA, ... SS1 that may affect the safety or the ...
(Date:12/14/2009)... 14 Alexza Pharmaceuticals, Inc. (Nasdaq: ALXA ... Drug Application (NDA) for Staccato® loxapine (AZ-004) to the ... an inhalation product candidate being developed for the rapid ... disorder. The IND for Staccato loxapine ... "AZ-004 has delivered a predictable and consistent safety and ...
(Date:12/14/2009)... -- Cardinal Health today announced that executives of the ... Goldman Sachs CEO Unplugged Conference on ... Conference Center in New York. 28th Annual ... Noon EST at the Westin St. Francis Hotel in ... will discuss Cardinal Health,s diverse products and services, company ...
Breaking Medicine Technology:ECRI Institute Issues Steris System 1 High Priority Alert and Recommendations: Free Guidance to Help Hospitals Map out Transition to Alternative Reprocessing Methods 2ECRI Institute Issues Steris System 1 High Priority Alert and Recommendations: Free Guidance to Help Hospitals Map out Transition to Alternative Reprocessing Methods 3Alexza Announces Submission of AZ-004 (Staccato(R) Loxapine) NDA 2Alexza Announces Submission of AZ-004 (Staccato(R) Loxapine) NDA 3Alexza Announces Submission of AZ-004 (Staccato(R) Loxapine) NDA 4Alexza Announces Submission of AZ-004 (Staccato(R) Loxapine) NDA 5Alexza Announces Submission of AZ-004 (Staccato(R) Loxapine) NDA 6Cardinal Health Executives to Speak at Two Investor Events in January 2New National Nurse Talk Radio Show Takes Off with Humor Health and a Voice for the Patient Advocate 61727 1New National Nurse Talk Radio Show Takes Off with Humor Health and a Voice for the Patient Advocate 61727 2New National Nurse Talk Radio Show Takes Off with Humor Health and a Voice for the Patient Advocate 61727 3Duplicate File Detective v3 0 Provides Enterprise Grade Duplicate File Management 61725 1Duplicate File Detective v3 0 Provides Enterprise Grade Duplicate File Management 61725 2Spray May Delay Ejaculation 61723 1Spray May Delay Ejaculation 61723 2
... WEST CHESTER, Ohio, Jan. 7 AtriCure, Inc.,(Nasdaq: ... a leader in cardiac surgical,ablation products, today announced ... products, which physicians have adopted to,treat atrial fibrillation ... by Dr. James H. Wudel, a prominent cardiac ...
... Fovea Pharmaceuticals SA, which, last,December 2007, raised ... announced that,its product, Recombinant human rod-derived cone ... Medicinal Product from the,European Commission, following the ... Evaluation of Medicinal Products (EMEA) Committee for ...
Other Medicine Technology:Positive Results Published Using AtriCure Minimally Invasive Products 2Positive Results Published Using AtriCure Minimally Invasive Products 3Positive Results Published Using AtriCure Minimally Invasive Products 4Fovea Pharmaceuticals Receives Orphan Drug Designation from EC for RdCVF for the Treatment of Retinitis Pigmentosa 2Fovea Pharmaceuticals Receives Orphan Drug Designation from EC for RdCVF for the Treatment of Retinitis Pigmentosa 3
CapSure SP Novus endocardial, tined pacing leads provide the stable, low pacing thresholds and large sensing potentials already proven with CapSure SP steroid-eluting leads but within an even smaller...
Selute Picotip Atrial-J steroid eluting passive fixation lead...
Unipolar temporary atrial pacing lead is smaller and thinner than Medtronics standard temporary pacing leads. It is well suited for thin, delicate, atrial tissue....
VascoTip is a unipolar tined permanent pacing lead. Due to advanced technology, VascoTip 9/60 M is compatible to all pacemaker-cavities with the size of IS-1 (3.2 mm), 5 mm, 6 mm....
Medicine Products: