Paxar Corporation Q1 net income falls slightly, sales up

27 Apr '06

3 min read

In connection with its global realignment plan announced in October 2005, the company reaffirmed that it will incur one-time cash costs of $20 million to $25 million over the life of the program, which will be substantially completed by the third quarter of 2007. It estimates that the impact of these plans will result in $15 million of savings in 2007 and expects to achieve ongoing savings at an annual rate of $20 million to $25 million by the end of 2007 and potentially higher in the following years.

Rob van der Merwe concluded, "We are optimistic about Paxar's future. We believe we have the industry's best products, people and resources to grow, and we are aggressively investing in emerging markets around the world to better meet the needs of our global customers."

The company announced that it has increased its 2006 sales guidance to $830 million to $850 million reflecting the Adhipress acquisition and strong first quarter results.

Paxar Corporation is a global leader in providing identification solutions to the retail and apparel industry, worldwide. Paxar's leadership in brand development, merchandising, information services and supply chain solutions enables the company to satisfy customer needs around the world.

Paxar Corporation

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