Home / Knowledge / News / Apparel/Garments / Paxar sales up 12% in quarter, highest Q4 in the company's history

Paxar sales up 12% in quarter, highest Q4 in the company's history

14
Feb '07
Paxar Corporation reported record sales of $230.8 million for the fourth quarter of 2006 compared with sales of $206.8 million for the fourth quarter of 2005. Net income of $9.5 million, or $0.23 per share, was reported for the fourth quarter of 2006, versus a net loss of $0.8 million, or $0.02 per share, for the fourth quarter of 2005.

Excluding the effects of integration, restructuring and other charges of $3.7 million, or $0.07 per share, net income for the fourth quarter of 2006 was $12.6 million, or $0.30 per share. The comparable figure for 2005 was $12.1 million, or $0.29 per share.

Click here for 2006 Reconciliation of GAAP to Non-GAAP Measures:

Fourth quarter 2006 earnings per share also included a charge of $0.8 million, or $0.02 per share, related to the impact of expensing share-based compensation pursuant to the adoption of FAS 123R.

For the full year 2006, the Company reported sales of $880.8 million compared with sales of $809.1 million for the full year 2005. Net income of $56.8 million, or $1.36 per share, was reported for the full year 2006, versus net income of $23.0 million, or $0.56 per share, for the full year 2005.

Excluding the effects of integration, restructuring and other charges of $10.0 million, or $0.19 per share, the pretax gain of $39.4 million, or $0.58 per share, related to the settlement of the patent lawsuit with Zebra, and the $5.0 million impairment charge, or $0.12 per share, related to an investment in an unaffiliated company, net income for the full year 2006 was $45.5 million, or $1.09 per share. The comparable amount for 2005, excluding one-time items, was $44.0 million, or $1.07 per share.

Click here for 2006 Reconciliation of GAAP to Non-GAAP Measures:

For the full year 2006, earnings per share also included a charge of $3.9 million, or $0.07 per share, related to the impact of expensing share-based compensation pursuant to the adoption of FAS 123R.

Click here to read more:

Paxar Corporation, USA


Must ReadView All

Pic: Shutterstock

Textiles | On 10th Apr 2021

Turkey's exports to UK surge in Q1 following post-Brexit FTA

Turkish exporters have seen a noteworthy surge in exports to the...

Pic: Sunshine Seeds / Shutterstock.com

Textiles | On 10th Apr 2021

South African woven cotton textile sector workers get 5.5% rise

Those working in the woven cotton textile sub-sector in South Africa...

Pic: Shutterstock

E-commerce | On 10th Apr 2021

H&M launches on e-commerce platform Zalora in southeast Asia

H&M has joined hands with Zalora and has launched on the e-commerce...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

One thing is certain, online sales will go up

Textile Industry, Head honchos

Textile Industry
Head honchos

Cooperate and collaborate for greater good

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Akash Sehgal,

Akash Sehgal

Part of retail and hospitality conglomerate Landmark Group in Dubai,...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Siddhant Sinha,

Siddhant Sinha

Set up by Pradeep Sinha, a graduate engineer from Manipal Institute of...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

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

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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


March 2021

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


Advanced Search