Business Management - Finance/Financial
The net loss for the year was $8.8 billion, an increase in net loss of $4.9 billion compared to 2018. Approximately $3.4 billion of this increase in net loss was the non-cash impact of discount rate changes on actuarial calculations affecting workers' compensation expense.
Activist investor Carl Icahn — who already owns a 10.6% controlling stake in Xerox — has acquired a 4.24% ($1.2B) stake in HP Inc.
We are wrapping up our search for the country's largest in-plants, but you still have until Monday morning to participate. If your in-plant has at least $1 million in annual revenue and 15 or more full-time employees, you may qualify for this year's list.
Printing industry giant Quad reported a third quarter net loss; cut its quarterly dividend in half; lowered its full-year guidance; announced an additional $50 million cost reduction initiative; and revealed plans to sell its U.S. book manufacturing platform, which generates $200 million in annual book printing sales.
Heidelberg released second quarter plans with a better order situation to compensate for its weak first quarter. The company intends to focus on the demand for contract and subscription offerings, and introduce measures to increase liquidity and safeguard profitability in the 2019/2020 financial year.
It may not amount to a recession, says SGIA Chief Economist Andy Paparozzi, but printers should expect economic growth to slow and take steps now to prepare for it.
Holders of approximately 99.7% of common shares present and voting at Xerox’s annual meeting, representing approximately 77% of the company’s total outstanding common shares, voted in favor of the proposal. Xerox is targeting the third quarter of 2019 for the closing of the holding company reorganization.
After a long history of steady climbs followed by dramatic plunges, structural changes in the industry and the market have empowered paper companies to put the brakes on the pricing thrill ride for publishers. Welcome to the new normal for magazine and book paper prices.
Consumer price index (CPI)-based price increases were not enough to offset revenue lost from declining volumes.