MPAC MOD-PAC CORP. featured news, full reports, and detailed charts
MOD-PAC CORP. (MPAC) Wrap Up:
Certain statements contained in this report are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties. All statements contained herein that are not clearly historical in nature are forward-looking, and the word “anticipate,” “believe,” “expect,” “estimate,” “project,” and similar expressions are generally intended to identify forward looking statements. Any forward looking statement contained herein, in press releases, written statements or other documents filed with the Securities and Exchange Commission, or in MOD-PAC CORP’s (MOD-PAC) communications and discussions with investors and analysts in the normal course of business through meetings, webcasts, phone calls and conference calls, regarding expectations with respect to sales, earnings, cash flows, operating efficiencies, product and market channel expansions, capacity utilization and expansion, and r ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f14%2f0000950152-08-001939.html#FIS_BUSINESS"MOD-PAC Corp. (MPAC:NASDAQ)
Snapshot of MOD-PAC Corp. (MPAC)
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OPEN
$3.85
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PREVIOUS CLOSE
$4.10
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DAY HIGH
$4.35
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DAY LOW
$3.82
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52 WEEK HIGH
11/4/09 - $4.92
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52 WEEK LOW
03/12/09 - $0.81
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MARKET CAP
12.0M
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AVERAGE VOLUME 3 mo
5.1K
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DILUTED EPS TTM
$-0.91
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SHARES OUTSTANDING
2.8M
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MPAC Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
MPAC Top Compensated Officers
Executives, Board Directors
Key developments for MOD-PAC Corp. (MPAC)
MOD-PAC Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended October 3, 2009. For the quarter, the company reported total revenue of $12.59 million, relatively flat compared with revenue of $12.64 million in the 2008 third quarter. Excluding last year's specialty print and direct mail sales, total revenue in the recent quarter grew $1.0 million, or 8.8%, as compared with the 2008 third quarter. Net income was $1.01 million, or $0.29 per diluted share compared with net income of $14,000 or $0.00 per diluted share, in the third quarter of 2008. Net income increased as a result of improved operating leverage from the rationalization and a $263,000 fair value adjustment to increase the specialty print and direct mail assets. Adjusted earnings before interest, asset impairment, fair value adjustment, taxes, depreciation and amortization, and non-cash option expense (Adjusted EBITDA) was $1.51 million in the third quarter of 2009 compared with $1.04 million in the 2008 third quarter. The company generated $1.0 million in cash from operations during the quarter from higher net income and non-cash depreciation and amortization expense, partially offset by increased working capital requirements. Capital expenditures in the third quarter of 2009 were $0.14 million compared with $0.34 million in the same period last year. Equipment upgrades made up the bulk of the third quarter 2009 expenditures. Income from operations was $675,000 compared to $121,000 for the same period last year. Income before taxes was $1,011,000 compared to $54,000 for the same period last year. Net sales for the nine months of 2009 were up 2.3% to $35.7 million compared with $34.9 million in the first nine months of 2008. Adjusted EBITDA was $1.5 million in 2009 compared with $1.8 million in 2008. Loss from operations was $3.58 million compared to $1.39 million for the same period last year. Income before taxes was $3.36 million compared to $1.50 million for the same period last year. Net cash provided by operating activities was $491,000 compared to $117,000 for the same period last year. Capital expenditures were $0.8 million in the first nine months of 2009 compared with $1.6 million in the same period last year. Capital expenditures are expected to be approximately $1.0 million in fiscal year 2009.
MOD-PAC Corp., Q3 2009 Earnings Call, Nov-04 2009
MOD-PAC Corp. reported unaudited consolidated earnings results for the second quarter and six months ended July 4, 2009. For the quarter, the company reported net loss of $3,723,000, or $1.09 per diluted share on total revenues of $11,213,000 against net loss of $538,000 or $0.16 per diluted share on total revenues of $11,064,000 for the same period a year ago. Loss from operations was $3,678,000 against $801,000 for the same period a year ago. Loss before taxes was $3,723,000 against $805,000 for the same period a year ago. Adjusted Net Loss was $1,309,000 or $0.39 per diluted share against $538,000 or $0.16 per diluted share for the same period a year ago. Negative adjusted EBITDA was $443,000 against Adjusted EBITDA of $343,000 for the same period a year ago. Sales growth reflects the success the company is having in increasing market share of its custom folding carton product line. For the six months, the company reported net loss of $4,256,000, or $1.24 per diluted share on total revenues of $23,539,000 against net loss of $1,038,000 or $0.30 per diluted share on total revenues of $22,641,000 for the same period a year ago. Loss from operations was $4,257,000 against $1,511,000 for the same period a year ago. Loss before taxes was $4,376,000 against $1,555,000 for the same period a year ago. Adjusted Net Loss was $1,842,000 or $0.54 per diluted share against $1,038,000 or $0.30 per diluted share for the same period a year ago. Negative adjusted EBITDA was $33,000 against Adjusted EBITDA of $724, 000 for the same period a year ago. Net cash used in operating activities was $482,000 against loss of $471,000 for the same period a year ago. Capital expenditures was $702,000 against loss of $1,266,000 for the same period a year ago.
MPAC Competitors
| Company | Last | Change |
| Bowne & Co., Inc | $6.11 USD | +0.08 |
| Champion Industries Inc | $1.77 USD | -0.02 |
| Consolidated Graphics Inc | $28.50 USD | +0.39 |
| Graphic Packaging Holding Co | $2.69 USD | +0.04 |
| Rock Tenn Co | $46.85 USD | -0.18 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MPAC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.3x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.2x |
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MPAC |
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MPAC transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About MOD-PAC CORP.
More news for MPAC
Premiere Global Services, MOD-PAC: Biggest Price Decliners (PGI, MPAC)
Premiere Global Services Inc. topped the list of Biggest Percentage Price Decliners among common stocks on the New York Stock Exchange at the close on Wednesday. See the full list . MOD-PAC Corp. topped the list of Biggest Percentage Price Decliners among common stocks on the Nasdaq Stock Market. See the full list . Go to Markets Data Center (WSJMarkets.com) for complete coverage. ...Click here to read the whole Article (external link)
MOD-PAC CORP. Announces Third Quarter 2009 Conference Call and Webcast
BUFFALO, N.Y., Oct. 21, 2009 (GLOBE NEWSWIRE) -- MOD-PAC CORP. (Nasdaq:MPAC - News), a manufacturer of custom and stock paper board packaging and personalized print products, today announced that it will release its third quarter 2009 financial results on Wednesday, November 4, 2009. The release of the financial results will be followed by a company-hosted teleconference and webcast beginning at 4:30 p.m. Eastern Time. During the teleconference, Daniel G. Keane, President and Chief Executive Officer, and David B. Lupp, Chief Operating Officer and Chief Financial Officer, will review the financial and operating results for the period and discuss MOD-PAC CORP.'s corporate strategy and outlook. A question-and-answer session will follow. The MOD-PAC CORP. conference call can be accessed the following ways: -- The live webcast can be found at http://www.modpac.com. Participants should go to the website 10 - 15 minutes prior to the scheduled conference in order to register and download any necessary audio software. -- The teleconference can be accessed by dialing (201) 689-8562 and requesting conference ID number 334954 approximately 10 minutes prior to the call. Schedule this webcast into MS-Outlook calendar (click open when prompted):http://apps.shareholder.com/PNWOutlook/t.aspx?m=39011&k=716552EC To listen to the archived call: -- The archived webcast will be at http://www.modpac.com. A transcript will also be posted...Click here to read the whole Article (external link)
MOD-PAC CORP. Reports Earnings per Share of $0.29 on $12.6 million in Revenue in Third Quarter 2009
BUFFALO, N.Y.--(BUSINESS WIRE)--MOD-PAC CORP. (NASDAQ: MPAC - News), a manufacturer of custom and stock paper board packaging and personalized print products, today reported total revenue of $12.59 million in the third quarter of 2009, which ended October 3, 2009, relatively flat compared with revenue of $12.64 million in the 2008 third quarter. Strong sales growth in the custom folding carton line was offset by reduced sales in the stock packaging and personalized print lines which have been impacted heavily by the weak economy and the elimination of sales to the commercial print market due to the rationalization of the Company’s specialty print and direct mail product line in June this year. Excluding last year’s specialty print and direct mail sales, total revenue in the recent quarter grew $1.0 million, or 8.8%, as compared with the 2008 third quarter. Net income for the quarter was $1.01 million, or $0.29 per diluted share compared with net income of $14 thousand, or $0.00 per diluted share, in the third quarter of 2008. Net income increased as a result of improved operating leverage from the rationalization and a $263 thousand fair value adjustment to increase the specialty print and direct mail assets.Third Quarter 2009 Sales Review: Existing customers drove custom folding carton growthMr. Daniel G. Keane, President and CEO of MOD-PAC CORP., commented, “Our cust...Click here to read the whole Article (external link)
MOD PAC CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
Show all filings for MOD PAC CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for MOD PAC CORP 4-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" ...Click here to read the whole Article (external link)
Q3 2009 MOD PAC CORP Earnings Release - Time Not Supplied
Earnings Announcements for Wednesday, November 4CompanySymbolTimeConferenceCall99 CENTS OnlyNDNAfter Market CloseAdept TechnologyADEPAfter Market CloseAffymax, Inc.AFFYBefore Market OpenAgilysys, Inc.AGYSBefore Market OpenAgrium Inc.AGUBefore Market OpenListenAlamo GroupALGAfter Market CloseALGOMA CENTRAL CORPALC.TOTime Not SuppliedALLIANCE BANKSHARES CORPABVAAfter Market CloseAllied Motion Technologies, Inc.AMOTTime Not SuppliedListenAlmost FamilyAFAMBefore Market OpenAlnylam PharmaceuticalsALNYAfter Market CloseListenAlon USA Energy Inc.ALJAfter Market CloseAlterian plcALN.LTime Not SuppliedAlvarionALVRBefore Market OpenListenAmbac Financial GroupABK08:30 am ETListenAmbassadors International, Inc.AMIEAfter Market CloseAmdocs LimitedDOX...Click here to read the whole Article (external link)
RehabCare Group, MOD-PAC: Biggest Price Gainers (RHB, MPAC)
By MARKET DATA STAFF RehabCare Group Inc. topped the list of Biggest Percentage Price Gainers among common stocks on the New York Stock Exchange at the close on Wednesday. See the full list . MOD-PAC Corp. topped the list of Biggest Percentage Price Gainers among common stocks on the Nasdaq Stock Market. See the full list . Go to Markets Data Center (WSJMarkets.com) for complete coverage. ...Click here to read the whole Article (external link)
Ambac, Mod-Pac: Midday Volume Plays
Stock quotes in this article: ABK , MPAC , CLRT , ...Click here to read the whole Article (external link)
MOD PAC CORP Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations OVERVIEW In the 2009 second quarter, we made a strategic decision to rationalize our product lines and exit the commercial print market, choosing to focus our resources on our growing custom folding carton line. As a result of the rationalization, we expect to realize significant improvement in operating performance as we had not realized the results that we had anticipated in the commercial print market over the last four years. In addition, we expect that we can be more effective in sales and marketing in the custom folding carton market with a more focused approach. Our custom folding carton customers are generally in the healthcare, confectionary, food and food service, and automotive industries, including private label manufacturers. Our expertise in this market is our ability to run on-demand the specific quantities required by our customers as opposed to doing long runs and creating inventory and obsolescence challenges either for our customers or ourselves. As a result, we do not require minimum print orders and are more flexible than most printers in addressing our customers' needs. This capability has served extremely well for our private label customers who may have several of the same carton requirements with varying print requirements for their customers. We also plan to continue developing our stock packaging and personalized print product lines. Our stock packaging line serves primarily private confectionaries and, therefore is seasonal in nature and driven by the economy. During this recession, sales in stock packages have declined measurably. Our personalized print product line is focused on its store, catalog and web sales. Because we provide products such as personalized dinner and cocktail napkins, small boxes for sundries at events, and other celebration type items both for the retail and corporate markets, this product line is also heavily impact...Click here to read the whole Article (external link)
MOD PAC CORP Financials
PERIOD ENDING3-Oct-094-Jul-094-Apr-0931-Dec-08Total Revenue12,587 11,213 12,326 13,620 Cost of Revenue10,069 10,757 10,906 11,499 Gross Profit2,518 456 1,420 2,121 Operating ExpensesResearch Development - - - - Selling General and Administrative2,251 1,959 1,999 1,876 Non Recurring - 2,175 - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss267 (3,678)(579)245 Income from Continuing OperationsTotal Other Income/Expenses Net388 22 (11)53 Earnings Before Interest And Taxes882 (3,656)(590)298 Interest Expense(130)67 63 71 Income Before Tax1,012 (3,723)(653)227 Income Tax Expense238 - (120)98 Minority Interest - - - - Net Income From Continuing Ops774 (3,723)(533)129 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - - &n...Click here to read the whole Article (external link)