PRATI has bolstered its European sales operation by signing a distribution agreement with Nilpeter. The partnership is effective as from October 12 and will see Nilpeter distribute PRATI’s label finishing machines in Germany, as well as provide technical and customer service support in the region.
Catalyst Paper (TSX:CTL) recorded net earnings of $13.2 million ($0.03 per common share) on sales of $263.4 million for the third quarter of 2009 compared to a net loss of $1.9 million ($0.01 per common share) on sales of $291.5 million in the second quarter. Net earnings reflect a $33 million after-tax gain on translation of long-term U.S. dollar denominated debt, comparable to the gain in the second quarter.
Company Reports Solid Revenue and Profitability
RockTenn (NYSE:RKT) today reported earnings for the quarter ended September 30, 2009 of $1.72 per diluted share. The Companys adjusted earnings were $1.21 per diluted share, excluding specific items related to the alternative fuel tax credit and restructuring charges. Adjusted earnings per diluted share increased 34% over the prior year quarter adjusted earnings of $0.90 per diluted share.
Schweitzer-Mauduit International, Inc. (NYSE:SWM) today reported third quarter 2009 earnings results for the period ended September 30, 2009 and announced plans to construct an Asian greenfield production site to produce reconstituted tobacco leaf (RTL).
– Net Revenue of $534 Million – Adjusted EBITDA of $265 Million – Adjusted Free Cash Flow of $227 Million
Pitney Bowes Inc. (NYSE:PBI) today reported third quarter 2009 financial results.
