Home / Knowledge / News / Information Technology / Checkpoint Systems Q1'FY14 gross profit margins up 6.4%
Checkpoint Systems Q1'FY14 gross profit margins up 6.4%
06
May '14
Checkpoint Systems, Inc. reported financial results for the first quarter ended March 30, 2014.
 
First Quarter GAAP Results
Net revenues from continuing operations in the first quarter of 2014 decreased 0.5%, to $147.4 million from $148.2 million in the first quarter of 2013. Foreign currency translation effects resulted in a $0.9 million or 0.6% decrease in net revenues. During the quarter, gross profit margins were 42.3% compared with 35.9% in the 2013 first quarter.
 
Selling, general, and administrative (SG&A) expenses in the first quarter of 2014 decreased $1.2 million or 2.1% to $54.3 million from $55.5 million in the first quarter of 2013. The first quarter of 2014 included approximately $2.2 million ($1.6 million in SG&A) of additional cost reductions from the global restructuring initiatives.
 
Operating income in the first quarter of 2014 was $2.2 million, $4.4 million higher when compared with operating loss of $2.2 million in the same period last year. Foreign currency translation effects resulted in a $0.7 million reduction in operating income.
 
Net earnings from continuing operations in the first quarter of 2014 were nil per diluted share versus a net loss of $0.12 per diluted share in the same period last year.
 
First Quarter Adjusted non-GAAP Operating Income, EBITDA and Earnings per Share
Adjusted non-GAAP operating income from continuing operations was $4.1 million in the first quarter of 2014, $10.7 million higher when compared with a loss of $6.6 million in the same period last year. Adjusted EBITDA was $11.8 million in the first quarter of 2014, $9.5 million higher compared with $2.3 million in the first quarter of 2013. Adjusted non-GAAP net earnings from continuing operations in the first quarter of 2014 was $0.04 per diluted share compared to net loss of $0.23 per diluted share in the same period last year.
 
Click here to view full results.
 

Checkpoint Systems


Must ReadView All

US announces final CVD on fine denier PSF from China, India

Textiles | On 19th Jan 2018

US announces final CVD on fine denier PSF from China, India

The US secretary of commerce Wilbur Ross recently announced the...

EU consumers to gain from cheaper, safer, better e-payments

Apparel/Garments | On 19th Jan 2018

EU consumers to gain from cheaper, safer, better e-payments

European consumers can now reap the full benefits of paying online...

Courtesy: Epson

Textiles | On 19th Jan 2018

Epson's new SC F2100 enhances DTG printing

Epson, a leader in inkjet printers and digital textile printing...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search