This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Checkpoint Systems, Inc. Announces Fourth Quarter And Full-Year 2012 Results

(b) Excludes CheckView ® Discontinued Operations.

(c) After adjusting the 2012 base for $22.0 million in revenue reductions resulting from eliminating non-strategic products and sales units in our Apparel Labeling Solutions, Retail Merchandising Solutions and Library businesses.

(d) After adjusting the 2012 base for $7.6 million in gross profit reductions resulting from eliminating non-strategic products and sales units in our Apparel Labeling Solutions, Retail Merchandising Solutions and Library businesses.

(e) After increasing the adjusted non-GAAP 2012 base by $3.1 million to restore R&D expenditures to $19.5 million, consistent with our normal historical level for R&D spend.

Checkpoint Systems will host a conference call today, March 5, 2013, at 8:30 a.m. Eastern Time, to discuss its fourth quarter and full-year 2012 results. The conference call will be simultaneously broadcast live over the Internet. Listeners may access a webcast of the call at http://ir.checkpointsystems.com. A replay will be available following the event.

Financial Summary (a) (Unaudited) (amounts in millions, except per share data)
    Quarter Ended       Twelve Months Ended
      December 30, 2012     December 25, 2011       December 30, 2012     December 25, 2011
Net revenues     $ 200.2       $ 225.1         $ 690.8       $ 763.7
               
From Continuing

Operations
From Discontinued

Operations
Total

Company
      December 30, 2012     December 25, 2011       December 30, 2012     December 25, 2011       December 30, 2012     December 25, 2011
Quarter Ended            
As Reported (GAAP)
Net loss (b) $ (31.3 ) $ (14.3 ) $ (4.1 ) $ (4.8 ) $ (35.4 ) $ (19.1 )
Diluted loss per share (b) $ (0.76 ) $ (0.35 ) $ (0.10 ) $ (0.12 ) $ (0.86 ) $ (0.47 )
Non-GAAP (c)
Net earnings (loss) (b) $ 3.9 $ (4.8 ) $ (4.1 ) $ (4.8 ) $ (0.2 ) $ (9.6 )
Diluted earnings (loss) per share (b)     $ 0.09       $ (0.12 )       $ (0.10 )     $ (0.12 )       $ (0.01 )     $ (0.24 )
Twelve Months Ended
As Reported (GAAP)
Net loss (b) $ (137.9 ) $ (65.4 ) $ (8.0 ) $ (1.2 ) $ (145.9 ) $ (66.6 )
Diluted loss per share (b) $ (3.36 ) $ (1.61 ) $ (0.20 ) $ (0.03 ) $ (3.56 ) $ (1.64 )
Non-GAAP (c)
Net earnings (loss) (b) $ (10.6 ) $ 12.7 $ (8.0 ) $ (1.2 ) $ (18.6 ) $ 11.5
Diluted earnings (loss) per share (b)     $ (0.26 )     $ 0.31         $ (0.19 )     $ (0.03 )       $ (0.45 )     $ 0.28  
 

(a) See accompanying reconciliation of GAAP to Non-GAAP financial measures.(b) Attributable to Checkpoint Systems, Inc.(c) Excludes goodwill impairment expenses, restructuring expenses, and other items identified in the accompanying addendum.

8 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs