>>
Home / Knowledge / News / Apparel/Garments / Paxar Corporation Q1 net income falls slightly, sales up

Paxar Corporation Q1 net income falls slightly, sales up

27
Apr '06
Paxar Corporation has reported sales of $199.6 million for the first quarter of 2006, compared with sales of $187.2 million for the first quarter of 2005.

The net income of $5.2 million was reported for the first quarter of 2006, versus net income of $5.4 million for the first quarter of 2005. For the comparable quarter in 2005, excluding the effects of integration and restructuring charges, net income was $5.9 million.

Sales in the first quarter of 2006 increased 6.6 percent from the first quarter of 2005. Organic sales increased by 5.6 percent principally due to significant growth in Asia Pacific, most notably in the Apparel Identification business. Acquisitions, specifically EMCO and Paxar India, increased sales by 2.8 percent. Foreign currency fluctuations resulted in a 1.8 percent decline in sales in the quarter as compared to the first quarter of 2005.

Rob van der Merwe, President and CEO, said, "We are pleased with our first quarter performance as demand for our products and services were very strong. During the quarter, we saw significant increases in our apparel business, entered into new customer and partner arrangements and completed the purchase of Adhipress SA, which further enhances our capabilities to drive growth in electronic article surveillance (EAS) with key customers in the European markets. We continued to make progress with global product innovation initiatives, and our RFID roll-out with Marks & Spencer, for which we havesupplied in excess of 17 million tags, is exceeding our expectations."


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Atul Ganatra,

Atul Ganatra

<div>Engaged in providing a wide range of services to the entire cotton...

G Tumbarello,

G Tumbarello

Lilly + Sid is an award-winning organic children's clothing company from...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Sujata & Taniya Biswas, Suta

Sujata & Taniya Biswas
Suta

Founded by <b>Sujata and Taniya Biswas</b>, Suta is a humble brand which...

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

Leave your Comments

ESTEEMED CLIENTS

Abit
Alix Partners
Landmark Group
IKEA of Sweden AB
Decathlon
Helly Hansen Far East Ltd
Gloria Jeans
Rayonese Textile Inc., Division de Culp Inc.
Sainsbury's Argos Asia Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
H;&M Hennes ;& Mauritz (Far East) Ltd
Sportmaster Ltd.
Splash
Lacoste (Wanchai)
Gokaldas Exports Limited
International Textile Manufacturers Federation
Guess Europe Sagl,
BIMBA ;& LOLA SL
Hirdaramani International Export Private Limited
Seasalt Limited
Tommy Hilfiger
The Top Form Brassiere Manufacturing Company Limited
Aramark Uniform ;& Career Apparel, LLC
Lululemon Athletica Inc
Asos
Chico’ FAS
Gap International Sourcing Limited
The LYCRA Company Singapore  Pte. Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
Maceton Limited
KIABI
SHAHI Exports Pvt Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Bluestem Global Sourcing Limited
PVH Corporation
Walmart
Under Armour Global Sourcing Ltd
Truetzschler India Private Limited
Page Industries Limited (Bangalore)
Vardhman Textile Ltd
BIANCA
Arvind Limited
C;&A Sourcing International Ltd
Vianney Textil Hogar S.A. De C.V.
Sportswear Company Spa
Huntsman (Singapore) Pte Ltd
Green Fibre
Babyshop
KAS Direct Sourcing
Brandix Lanka Limited
Rosset ;& Cia Limited
Puma
Midas Clothing Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Etam Group Strategy Hong Kong Limited
Alison Hayes Romania
Lenzing Aktiengesellschaft
NITI Aayog
Benetton Group
Chori Company Limited
Cat Tuong Real Estate Group Joint Stock Company
TESCO INTERNATIONAL SOURCING LIMITED
SYNERGIES HONG KONG LIMITED
Desigual - ABASIC, S.A.
Target Corporation (MN)
Varner AS Retail
Hela Clothing Pvt Ltd
Esprit Europe Services GmbH
Reiter India Private Limited
Lifestyle
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Gatsby Africa
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Restoque S.A.
Groz-Beckert East Asia LLP
OVS Hong Kong Sourcing Ltd.
Phong Phu international JSC (PPJ)
LC Waikiki
T.T. Limited
Lisa S.P.A.
Recron Polyester from Reliance Industries Limited
Tory Burch Hong Kong Ltd
John Varvatos
Aquarelle Clothing Limited
Amazon China
IDH – The Sustainable Trade Initiative
Boardriders Asia Sourcing Limited
J ;& P Coats
Tchibo GmbH
Eastman Chemical Company

January 2022

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


Advanced Search