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Checkpoint Systems Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: November 1, 2012 04:34PM

Checkpoint Systems Inc. (CKP) filed Quarterly Report for the period ended 2012-09-23. Checkpoint Systems, Inc. has a market cap of $329.9 million; its shares were traded at around $8.06 with and P/S ratio of 0.4.



Highlight of Business Operations:

Revenues for the third quarter of 2012 compared to the third quarter of 2011 decreased $26.9 million, or 12.5%, from $215.1 million to $188.2 million. Foreign currency translation had a negative impact on revenues of approximately $10.1 million, or 4.7%, in the third quarter of 2012 as compared to the third quarter of 2011.

Shrink Management Solutions (SMS) revenues decreased $13.9 million, or 9.4%, during the third quarter of 2012 compared to the third quarter of 2011. Foreign currency translation had a negative impact of approximately $6.6 million. The remaining decrease of $7.3 million in Shrink Management Solutions was due to organic declines in CheckView®, Alpha®, and EAS consumables. These decreases were partially offset by increases in EAS systems and Merchandise Visibility (RFID).

Revenues for the first nine months of 2012 compared to the first nine months of 2011 decreased $64.9 million, or 10.6%, from $613.8 million to $548.9 million. Foreign currency translation had a negative impact on revenues of approximately $22.4 million, or 3.7%, in the first nine months of 2012 as compared to the first nine months of 2011.

Shrink Management Solutions (SMS) revenues decreased $41.6 million, or 10.0%, during the first nine months of 2012 compared to the first nine months of 2011. Foreign currency translation had a negative impact of approximately $14.2 million. The remaining decrease of $27.4 million in Shrink Management Solutions was due to declines in CheckView®, Alpha®, and EAS consumables. These decreases were partially offset by increases in Merchandise Visibility (RFID) and EAS systems.

During the first nine months of 2012, gross profit decreased $34.9 million, or 14.8%, from $236.1 million to $201.2 million. The negative impact of foreign currency translation on gross profit was approximately $6.2 million. Gross profit, as a percentage of net revenues, decreased from 38.5% to 36.7%.

Read the The complete Report



Stocks Discussed: CKP,
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