Standard Register reports revenue growth, profit loss


Standard Register is accelerating its business as it starts to realize customer and cost efficiency benefits from its acquisition of WorkflowOne, the company’s top executive told investors on Friday.

On Friday, the Dayton-based communication services company headquartered at 600 Albany St. reported revenue of $225.3 million for the 2014 second quarter, a 64.7 percent increase compared to revenue of $136.8 million for the same period last year.

Standard Register reported a net loss of $5.8 million, or 67 cents per share, for the 2014 second quarter, compared to a net profit of $2 million, or 34 cents per share, for the same period last year.

Results for the second quarter of 2013 do not include results from WorkflowOne, which Standard Register acquired on August 1, 2013.

Standard Register is only about halfway through the WorkflowOne integration and “not yet at a point where we are achieving organic revenue growth from our solutions that is sufficient to outpace the decline in demand for traditional business forms and labels,” said Joseph P. Morgan Jr., the company’s president and chief executive.

Morgan said the company, which has more than 800 employees in Dayton and more than 3,200 worldwide, made stronger progress in the second quarter, improving its gross margin as a percentage of revenue to 28.2 percent from 27.3 percent during the first quarter of 2014.

Standard Register continues to anticipate at least $40 million in annual savings when the integration is complete at the end of 2015, officials said.

Last week, Standard Register announced that it was at risk of being de-listed by the New York Stock Exchange, because the company is not in compliance with the NYSE’s continued listing standards. It is the second time since April 2012 that the company has been in danger of having its stock de-listed.

Standard Register Chief Financial Officer Robert Ginnan said the company plans to submit a business plan in August that demonstrates its ability to regain compliance.


Reader Comments ...


Next Up in Business

Xenia Twp. trustees approve Kil-Kare rezoning request 
Xenia Twp. trustees approve Kil-Kare rezoning request 

UPDATE @ 9:26 p.m.:  Xenia Twp. trustees have voted to allow a rezoning request for land near Kil-Kare Speedway and Drag Strip. The vote was 2-1.  Trustee Susan Spradin was the dissenting vote.  David Reed, Dayton attorney for Nutter Enterprises, which opposed the zoning change, said he and his client are determining their next steps...
New store opens at The Greene in Beavercreek
New store opens at The Greene in Beavercreek

A new puzzle shop has opened at The Greene Town Center in Beavercreek. Puzzle Plus, a family-owned puzzle store, sells jigsaws, brain teasers, puzzle books and games. The store carries games and puzzles for all ages and skill levels. The puzzle store opened in 1995 in Beavercreek, but just moved to a new location at The Greene at 4465 Glengarry Drive...
Sweepstakes scam drains older couple’s life savings
Sweepstakes scam drains older couple’s life savings

An older couple from West Liberty is out tens of thousands of dollars after falling prey to a telephone sweepstakes scam.  The Logan County husband and wife, who wish to remain anonymous, paid a total of $48,000 to a company that goes by the name Consumer Protection Bureau, which offered in return a cash prize of $600,000, according to a release...
Target discontinues popular brands, but sees increase in sales
Target discontinues popular brands, but sees increase in sales

Target Corp. has announced several changes including store redesigns and discontinuing some of its popular clothing brands, and the changes seem to be working in the retailer’s favor. The chain store increased its comparable sales and traffic growth, according to its second quarter earnings report. Second quarter comparable sales increased about...
3 reasons Facebook chose to build its $750M data center in Ohio
3 reasons Facebook chose to build its $750M data center in Ohio

Facebook plans to develop a $750 million data center in New Albany near Columbus, the social media giant announced on Tuesday. Ohio Gov. John Kasich and the social media company announced Facebook will build its 10th data center in New Albany, which is just northeast of Columbus. Kasich said the announcement is “further proof that Ohio is earning...
More Stories