Home / Knowledge / News / Information Technology / Checkpoint Systems reports record sales for Q4, 2007
Checkpoint Systems reports record sales for Q4, 2007
Feb '08
Checkpoint Systems Inc reported financial results for the fourth quarter and year ended December 30, 2007.

Revenue for the fourth quarter of 2007 was $262.7 million, an increase of 21.4%, compared to revenue of $216.3 million in the fourth quarter of 2006. Foreign currency had a positive impact on revenue of 7.5%. Revenue from the Alpha, SIDEP and Asialco businesses, which were acquired during the fourth quarter of 2007, accounted for approximately 7.2% of the overall sales growth in the quarter.

Earnings from continuing operations for the fourth quarter were $24.5 million, or $0.60 per diluted share, compared to earnings from continuing operations of $18.6 million, or $0.46 per diluted share, in the fourth quarter of 2006.

"Checkpoint concluded its best performing year in the Company's history, reporting record financial results for the fourth quarter," said Rob van der Merwe, President and Chief Executive Officer of Checkpoint.

"Revenues for the quarter increased across all geographies, supported by recent acquisitions and organic growth within our base business, and were higher than our internal expectations. Supported by the increased revenue and ongoing focus on controlling our operating expenses, earnings from continuing operations also reached record levels, showing growth compared with the fourth quarter of the prior year. I commend George Off, the management team and our employees for doing an excellent job throughout the year."

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

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

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search