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

14 Feb '07
2 min read

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.

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Paxar Corporation, USA

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