1 / 10

Standard Register Second Quarter 2007 Conference Call

Standard Register Second Quarter 2007 Conference Call. July 27, 2007. Safe Harbor Statement:

grady-tyler
Télécharger la présentation

Standard Register Second Quarter 2007 Conference Call

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Standard Register Second Quarter 2007 Conference Call July 27, 2007

  2. Safe Harbor Statement: This report includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2007 and beyond could differ materially from the Company’s current expectations. Forward-looking statements are identified by words such as “anticipates,” “projects,” “expects,” “plans,” “intends,” “believes,” “estimates,” “targets,” and other similar expressions that indicate trends and future events. Factors that could cause the Company’s results to differ materially from those expressed in forward-looking statements include, without limitation, variation in demand and acceptance of the Company’s products and services, the frequency, magnitude and timing of paper and other raw-material-price changes, general business and economic conditions beyond the Company’s control, timing of the completion and integration of acquisitions, the consequences of competitive factors in the marketplace, cost-containment strategies, and the Company’s success in attracting and retaining key personnel. Additional information concerning factors that could cause actual results to differ materially from those projected is contained in the Company’s filing with The Securities and Exchange Commission, including its report on Form 10-K for the year ended December 31, 2006. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information since these statements may no longer be accurate or timely. 2

  3. Dennis L. Rediker President and Chief Executive Officer 3

  4. Results for the Second Quarter • Revenue down 5 percent or $11.5 million • Shortfall attributed to three accounts - $12 million • Growth areas net of three accounts: • Labels +2 percent • Digital Print +3 percent • POD Services +9 percent • Document Systems +22 percent • Commercial Print Services +16 percent • Gross margins fell 3.1 percentage points due to lower revenue • Excluding Pension Amortization, SG&A – improved by $1 million • Operating Profit was $3.3 million vs. $12.2 million 4

  5. Results for 1st Half 2007 vs. 1st Half 2006 • Revenue was down 2.8 percent or $12.6 million • Same three accounts accounted for declines of $20 million • Growth areas net of three account: • Digital Print +18 percent • Document Systems +19 percent • Commercial Print Service +11 percent • Gross Margins weaker due to lower revenue • Excluding Pension Amortization, SG&A lower • Operating Profit of $12.7 million vs. $26.4 million 5

  6. Outlook • Revising revenue guidance from low to mid single-digit and flat for full year • Annualizing 1st half revenue we need $18 million in additional revenue in 2nd half • Will come in 3 areas: • - Reduction of backlog $10 million • - New Products 5 million • - Implementations 5 million • $20 million total • $15 million in cost reductions in 2nd half 2007 • $25 million in cost reductions in 2008 6

  7. Craig J. Brown Chief Financial Officer 7

  8. 8

  9. 9

  10. For Additional Information, contact: Robert J. Cestelli Vice President, Investor Relations Phone: 937.221.1304 Fax: 937.221.1205 E-mail: robert.cestelli@standardregister.com Website: www.standardregister.com 10

More Related