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News Breaks
July 23, 2014
16:45 EDTTISOrchids Paper reports Q2 EPS ex-items 27c, consensus 39c
Reports Q2 revenue $29.2M, consensus $31.44M. The company stated, "Despite a challenging sales environment in the first half of 2014 due to increased promotions on branded products affecting private label sales, and inventory reductions at our customers, our focus on product development, new distribution, operational efficiencies, and the Fabrica partnership has positioned us well for future growth and profitability. We believe that the second quarter performance was an anomaly and a strong base of business has been established for the rest of the year that we expect will deliver record results in both sales and earnings for the second half of 2014.
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