The Standard Register Company (SR, Financial) filed Quarterly Report for the period ended 2010-04-04.
The Standard Register Company has a market cap of $150.36 million; its shares were traded at around $5.15 with a P/E ratio of 27.11 and P/S ratio of 0.22. The dividend yield of The Standard Register Company stocks is 3.88%.
General and administrative expenses increased $3.3 million. Increases in planned technology spending on system infrastructure projects accounted for approximately $1.9 million of the increase. Additionally, deferred compensation costs were higher by approximately $0.8 million as compared to 2009, due to one-time death benefits received in 2009 that were not received in 2010 and lower investment earnings.
Operating income was down $1.5 million for the first quarter of 2010 compared with 2009, reflecting the lower gross margin of $0.5 million, higher administrative expenses of approximately $1.5 million, and lower selling expenses of approximately $0.5 million. Cost reductions implemented late in 2009 as a result of the MyC3 Initiative contributed to the decline in selling expenses.
Operating income declined $1.6 million due to the decline in gross margin of $1.5 million, lower selling expenses of $0.5 million, and higher administrative expenses of $0.6 million. Selling expenses were lower as a result of restructuring actions in 2008 and 2009 and lower commissions on reduced revenue compared to the first quarter of 2009.
Operating loss was $2.3 million, compared to a loss of $0.4 million in 2009. The decline of $1.9 million is a result of reduced gross margin of $1.8 million, increased administrative expenses of approximately $0.5 million, offset by lower selling expenses of $0.4 million. Selling expenses decreased primarily as a result of workforce reductions taken as part of our restructuring activities in 2008 and 2009.
Operating income was up $0.1 million from an operating loss of $0.8 million in the first quarter of 2009 to an operating loss of $0.7 million in 2010. The increase in gross margin contributed to $1.4 million of the increase; however, this increase was offset by an increase in administrative expenses of approximately $1.0 million and increased selling costs of $0.3 million. Selling expenses increased primarily due to costs associated with implementing our go-to-market strategy and higher commissions due to increased revenues as compared to the first quarter of 2009.
Read the The complete Report
The Standard Register Company has a market cap of $150.36 million; its shares were traded at around $5.15 with a P/E ratio of 27.11 and P/S ratio of 0.22. The dividend yield of The Standard Register Company stocks is 3.88%.
Highlight of Business Operations:
Net loss was $0.8 million, or $0.03 per share compared to a net loss of $11.0 million, or $0.38 per share in 2009. We had no pension settlements charges in 2010, compared to $19.7 million in the first quarter of 2009. On a per share basis, the pension settlements represented a loss of $0.41 per share for the first quarter of 2009.General and administrative expenses increased $3.3 million. Increases in planned technology spending on system infrastructure projects accounted for approximately $1.9 million of the increase. Additionally, deferred compensation costs were higher by approximately $0.8 million as compared to 2009, due to one-time death benefits received in 2009 that were not received in 2010 and lower investment earnings.
Operating income was down $1.5 million for the first quarter of 2010 compared with 2009, reflecting the lower gross margin of $0.5 million, higher administrative expenses of approximately $1.5 million, and lower selling expenses of approximately $0.5 million. Cost reductions implemented late in 2009 as a result of the MyC3 Initiative contributed to the decline in selling expenses.
Operating income declined $1.6 million due to the decline in gross margin of $1.5 million, lower selling expenses of $0.5 million, and higher administrative expenses of $0.6 million. Selling expenses were lower as a result of restructuring actions in 2008 and 2009 and lower commissions on reduced revenue compared to the first quarter of 2009.
Operating loss was $2.3 million, compared to a loss of $0.4 million in 2009. The decline of $1.9 million is a result of reduced gross margin of $1.8 million, increased administrative expenses of approximately $0.5 million, offset by lower selling expenses of $0.4 million. Selling expenses decreased primarily as a result of workforce reductions taken as part of our restructuring activities in 2008 and 2009.
Operating income was up $0.1 million from an operating loss of $0.8 million in the first quarter of 2009 to an operating loss of $0.7 million in 2010. The increase in gross margin contributed to $1.4 million of the increase; however, this increase was offset by an increase in administrative expenses of approximately $1.0 million and increased selling costs of $0.3 million. Selling expenses increased primarily due to costs associated with implementing our go-to-market strategy and higher commissions due to increased revenues as compared to the first quarter of 2009.
Read the The complete Report
