Navigation Links
Pregis Announces Fourth Quarter and Full Year 2008 Financial Results
Date:3/26/2009

uarter of 2007. The fourth quarter operating loss reflects a $19.1 million non-cash goodwill impairment charge within one of the Company's specialty packaging businesses driven by the anticipation of a significant reduction in future revenue from a customer that had historically comprised a material portion of the reporting unit's annual revenues. Adjusted for this goodwill impairment charge, unfavorable foreign currency translation of $1.3 million, restructuring activity of $1.5 million, and a related curtailment gain of $3.7 million, operating income for the fourth quarter of 2008 was $5.8 million. This represents a decline of approximately 34% compared to operating income of $8.8 million for the fourth quarter of 2007, also adjusted for restructuring activity of $2.8 million, a $3.1 million write-off of third party due diligence and legal costs related to a potential acquisition that was not consummated, and an unusual insurance gain of $2.0 million. The fourth quarter's decline in earnings was driven by a reduction in sales volumes, offset in part by cost savings from the Company's various productivity and cost reduction programs as well as favorable impact from the Company' third quarter selling price increases.

Operating income for the full year of 2008 was $13.3 million, compared to 2007 operating income of $46.0 million. For the full year, 2008 operating income, adjusted for the aforementioned fourth quarter goodwill impairment charge of $19.1 million, favorable foreign currency translation of $2.0 million, restructuring activity of $9.3 million, and a related curtailment gain of $3.7 million, was $36.0 million. This represents a decline of approximately 27% compared to 2007 operating income of $49.2 million, also adjusted for restructuring activity of $2.9 million, a $3.1 million write-off of third party due diligence and legal costs related to a potential acquisition that was not consummated, and an unusual insurance gain of $2.8 millio
'/>"/>

SOURCE Pregis Corporation
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Related medicine news :

1. Pregis Announces Investor Conference Call to Review Fourth Quarter and Full Year 2008 Financial Results
2. Pregis Announces Third Quarter 2008 Financial Results
3. Pregis Announces Investor Conference Call to Review 2008 Third Quarter Financial Results
4. Pregis Announces Second Quarter 2008 Financial Results
5. Pregis Announces First Quarter 2008 Financial Results
6. Pregis Announces Fouth Quarter and Full Year 2007 Financial Results
7. Pregis Announces Investor Conference Call to Review 2007 Fourth Quarter and Full Year Financial Results
8. Pregis Corporation Appoints New President of Protective Packaging North America
9. Jazz Pharmaceuticals, Inc. Announces Fourth Quarter and Full Year 2008 Financial Results
10. Sagent Pharmaceuticals Announces U.S. FDA Approval of Azithromycin for Injection
11. Mylan Announces Intention to Purchase Remaining Interest in Matrix Laboratories and Delist Matrix from Indian Stock Exchanges
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/5/2015)... May 05, 2015 Buckeye Health Plan ... new CEO and plan president of Buckeye Health Plan. ... the position immediately. , Hill has more than 28 ... the Pacific Northwest, from managed care to large health ... and CEO of HealthPlus of Michigan, a health plan ...
(Date:5/5/2015)... San Francisco, California (PRWEB) May 05, 2015 ... company based in San Francisco, leads an international initiative ... in order to extend the human lifespan. Scientists ... clocks inherent to women, from the initiation of her ... reveal a possible mechanism for aging and, ultimately, extend ...
(Date:5/5/2015)... May 05, 2015 HealthSlide, ... innovative interoperability solutions for hospitals nationwide, has announced ... calculator. Hospital CIOs and CTOs can access the ... calculator shows both initial and ongoing savings of ... , “Our nation’s hospitals pay an average of ...
(Date:5/5/2015)... 05, 2015 After record-breaking sales of ... 2014, Walgreens introduces the Cookies & Cream flavor at ... Extend Nutrition has continually raised the bar for nutritional ... combined with an unprecedented nutritional profile, backed by international ... Extend Nutrition will launch additional new products and expand ...
(Date:5/5/2015)... OR (PRWEB) May 05, 2015 Every year, ... eye seasons. Turns out, the worst dry eye season is ... count spikes in most of the United States. The only ... Fresh water advocate Sharon Kleyne, host of the Sharon Kleyne ... eye on her radio show of May 11, 2015. Kleyne ...
Breaking Medicine News(10 mins):Health News:Buckeye Health Plan Announces New Chief Executive Officer 2Health News:Buckeye Health Plan Announces New Chief Executive Officer 3Health News:Igantia Announces Digital Initiative to Decode Longevity 2Health News:HealthSlide Launches ROI Cost Calculator 2Health News:Nationwide Launch of Extend Nutrition’s Newest Bar Flavors Follows Most Successful New Item Sales in Company History 2Health News:Nationwide Launch of Extend Nutrition’s Newest Bar Flavors Follows Most Successful New Item Sales in Company History 3Health News:Nationwide Launch of Extend Nutrition’s Newest Bar Flavors Follows Most Successful New Item Sales in Company History 4Health News:Nature’s Tears EyeMist tear film supplement soothes dry eye caused by spring pollen season, reports inventor Sharon Kleyne 2Health News:Nature’s Tears EyeMist tear film supplement soothes dry eye caused by spring pollen season, reports inventor Sharon Kleyne 3
... ... Before, ... adolescent meningococcal,vaccinations are included in the 2008 Childhood and Adolescent Immunization,Schedules ... the American Academy of Pediatrics (AAP), and the,American Academy of Family ...
... CA Mandate Weakens After SEIU Contributes $450K to Prop ... ... must,be "mean" or people will not be compelled to buy health insurance under ... the financial projections for a similar plan pending in,California., As reported in ...
... (IDFA) President and CEO Connie Tipton today issued the,following ... draft report on animal cloning., "Clearly the European ... ago with respect to assessing the safety and unintended ... report is,simply the first step for EFSA and the ...
... Californians too high, to push the legislation through without needed ... ... As the State Senate,prepares to consider Assembly Bill X1-1, the compromise ... Nunez, the state,s insurance agents urged lawmakers to make,the fixes that will ...
... Hy-Vee officials announced,today that a new generic prescription drug ... supermarkets and drugstores., The program offers a 30-day ... $4,per prescription. The medicines on the list include antibiotics ... diabetes,cholesterol and digestive issues., There are no forms ...
... sexes evolved , FRIDAY, Jan. 11 (HealthDay News) -- One of ... gender development in humans. , Duke University researchers report on the ... , In research with Phycomyces blakesleeanus , the Duke team ... these versions sexM (sex minus) and sexP (sex plus). Both encode ...
Cached Medicine News:Health News:Health Groups Release 2008 Immunization Schedules 2Health News:MA Proponent of Health Insurance Mandate Says 'Mean' Penalties Needed to Force People to Buy Insurance 2Health News:IDFA: Dairy Processors Urge Further Review of Cloning 2Health News:Insurance Agents Call for State Senate to Improve California's Health Care Reform Compromise 2Health News:Hy-Vee Unveils New Generic Drug Program 2Health News:Fungus Sheds Light on Development of Human Genders 2
(Date:5/5/2015)... 2015  InfuSystem Holdings, Inc. (NYSE MKT: INFU), a ... for the U.S. healthcare industry, today announced that it ... 12, 2015 after the market closes. The ... on Tuesday, May 12, 2015 at 4:30 p.m. Eastern ... participate in this call, please dial in toll-free 1-800-446-1671 ...
(Date:5/5/2015)...  Stryker Orthopaedics announced today its return to THE ...  Since becoming the "Official Joint Replacement Products of ... ago, the company has made 14 stops along the ... activation the Stryker Mobility Zone – a destination designed ... health. Proving to be a successful program, Stryker has ...
(Date:5/5/2015)...  AMRI (NASDAQ: AMRI ) today reported financial and ... Highlights: , First quarter contract revenue ... First quarter royalties of $6.7 million, down 19% from ... of $0.20 up 25% from $0.16 in 2014, including a ... , Completed the acquisitions of SSCI/West Lafayette, ...
Breaking Medicine Technology:Stryker Returns to TPC Sawgrass for THE PLAYERS Championship Alongside Former Tournament Winners Fred Funk and Hal Sutton 2Stryker Returns to TPC Sawgrass for THE PLAYERS Championship Alongside Former Tournament Winners Fred Funk and Hal Sutton 3AMRI Announces First Quarter 2015 Results 2AMRI Announces First Quarter 2015 Results 3AMRI Announces First Quarter 2015 Results 4AMRI Announces First Quarter 2015 Results 5AMRI Announces First Quarter 2015 Results 6AMRI Announces First Quarter 2015 Results 7AMRI Announces First Quarter 2015 Results 8AMRI Announces First Quarter 2015 Results 9AMRI Announces First Quarter 2015 Results 10AMRI Announces First Quarter 2015 Results 11AMRI Announces First Quarter 2015 Results 12AMRI Announces First Quarter 2015 Results 13AMRI Announces First Quarter 2015 Results 14AMRI Announces First Quarter 2015 Results 15AMRI Announces First Quarter 2015 Results 16
... TORONTO, May 23, 2012 Aditya Birla ... of Aditya Birla Nuvo), announced today that it ... 2. Workers Compensation and Property and Casualty Pharmacy ... health care accrediting organization that establishes quality standards ...
... China, May 23, 2012 /PRNewswire-Asia/ -- China Botanic ... ("China Botanic" or the "Company"), a developer, manufacturer ... Chinese Medicines ("TCM") in China, today announced that ... and Export Fair (the "Canton Fair") held in ...
Cached Medicine Technology:Minacs Receives New URAC Pharmacy Benefit Management Accreditations 2Minacs Receives New URAC Pharmacy Benefit Management Accreditations 3China Botanic Attends the 111th China Import and Export Fair 2China Botanic Attends the 111th China Import and Export Fair 3
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
Medicine Products: