MOD-PAC CORP. Reports Second Quarter 2006 Financial Results; Custom Folding Cartons Product Line Grows 19.8%; Personalized Print Achieves Record Quarter of $1.4 Million Driven by Web-Based Sales.
Business Wire (August 09, 2006)
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MOD-PAC CORP. Reports Second Quarter 2006 Financial Results; Custom Folding Cartons Product Line Grows 19.8%; Personalized Print Achieves Record Quarter of $1.4 Million Driven by Web-Based Sales.
BUFFALO, N.Y. -- MOD-PAC CORP. (NASDAQ: MPAC) a commercial on demand printer and manufacturer of custom paper board packaging, today reported revenue of $11.0 million for the second quarter of 2006, which ended July 1, 2006. This compares with revenue of $16.3 million for the second quarter of 2005. For the second quarter this year, a net loss of $1.0 million, or $0.29 per diluted share, compares with net income of $0.7 million, or $0.18 per diluted share, in the same period last year.
Revenue Impacting the quarter-to-quarter revenue comparative was $1.8 million in amortization in the second quarter of 2005 for a contract buy-out fee from a former customer that elected to produce its own printed materials. In addition, the second quarter last year included $5.6 million in com...Try vLex for FREE for 3 days
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