Standard Register shares collapse on Q3 results


Standard Register (SR -28.8%) shares collapsed after the company posted a net loss of $23.2M on revenue of $199.3M in Q3 (vs. net income of $2.5M and revenue of $145.7M in Q3 2012).

Q3 results included $68.3M in revenue, a $0.6M net loss, and $18.5M in acquisition/restructuring expenses due to WorkflowOne, which Standard Register acquired in Aug.

SR shares remain up 213% since the acquisition.

Comments (1)
  • User 15709682
    , contributor
    Comment (1) | Send Message
     
    Looks like the 18.5 acquisition expense is a one-time (or possibly some more in 4th quarter) Had there been no expense the company would have been profitable.

     

    Also, the pension expenses are more in control so the next 3-6 months should be very sweet for SR
    28 Oct 2013, 01:34 AM Reply Like
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