Captaris Reports Q2, 2008 Financial Results
Revenue Increases 15% Sequentially
Revenue Increases 15% Sequentially
Synergy program well underway – target increased to $250 million – Net earnings of $0.05 per diluted share, earnings before items(1) of $0.06 per diluted share – Free cash flow(1) of $77 million in the second quarter – Net debt(1) reduced by $104 million year-to-date
Second-quarter 2008 GAAP net earnings from continuing operations of $145.1 million or $0.68 per diluted share vs. a net loss of $69.4 million or $0.32 per diluted share in 2007
Sales: up 2 percent (4 percent operating growth) EBITDA: up 13 percent; EBITDA margin at high level Burdens due to exchange rate effect
Stephen Green has been named Vice President, Marketing, Prepress Solutions for Kodaks Graphic Communications Group (GCG). In assuming his new role, Green will be responsible for building and leading the marketing organization for Prepress Solutions worldwide.
– Annual Synergy Run Rate of Over $270 Million at End of Q2 – Operating Income Improvement of $86 Million, $104 Million Excluding Special Items – Newsprint Segment Improves to Break-Even – Phase 2 Review of Operations Ongoing
Schofield Healthcare Media Ltd, a division of Schofield Media Europe Ltd, announced on the 6th August that it has acquired Aberdeen-based HealthComm UK and its subsidiary, Continence UK.