You can generally identify forward-looking statements by the Company’s use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “should,” or “will,” or the negative thereof or other variations thereon or comparable home medical supply terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, medical supplies many of which are beyond the Company’s control. The call can be accessed through the following dial-in numbers. We took aggressive pricing action in response to the escalating raw material costs and remain committed to maintaining pricing discipline. Gross profit margin, as a percent of net sales, was 20.7% in the fourth quarter of 2008, compared to 23.9% in the fourth quarter of 2007. Dollar strengthened significantly against the euro and pound sterling, net sales for the quarter decreased 6.8%. A summary of a significant medical supplies online canada measure required by the Company’s indentures is presented in the supplemental information at the end of this release.
For the year, the medical supplies decline in earnings was driven by higher costs of resin and other raw materials through much of the year, mitigated in part by the benefit of the Company’s selling price increases and productivity and cost reduction programs. Make sure you have a resource for cleaning those wounds as well, such as an antiseptic cream or apria medical supplies ointment. For the full medical supply companies year, 2008 operating income, adjusted for the aforementioned fourth quarter goodwill impairment charge of $19.1 million, favorable foreign currency translation of $2.0 million, restructuring activity of $9.3 million, and a related curtailment gain of $3.7 million, was $36.0 million. For a discussion of key risk factors, please see the risk factors disclosed in the Company’s filings with the Securities & Exchange Commission, including medical suppliers the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q.
It’s because, specifically, we can’t give you a list of what’s to be included in your home medical supply. A first aid kit is a very basic and necessary home medical supply. Operating income for the full year of 2008 was $13.3 million, compared to 2007 operating income of $46.0 million. medical supply companies Although we were very successful in 2008 in reducing costs through our various cost reduction and restructuring initiatives, we recognize that based on our 2009 outlook, additional cost reductions are required.
Staying healthy is equivalent to being free of terrible ailments and having the right medications and other medical supplies in eugen sickness do come. Rapidly escalating raw materials costs had a significant negative impact on our performance in the first half of the year, while unprecedented economic weakness in both the North American and European economies negatively impacted us apria medical supplies indiana in the second half, particularly in the fourth quarter. For a family, one of the foundations to have a loving and peaceful home is when family list medical supply companies members stay healthy and live well.
For the full year, our gross profit margin, as a percent of net sales, decreased to 21.6% for 2008 compared to 24.4% for 2007. A replay of the conference call will be available through. medical office supplies To this point, we are implementing additional restructuring initiatives to reduce medical suppliers our cost structure by optimizing our manufacturing metro medical supply company footprint and our organizational structure and operating processes. Your family may need these medical supplies depending on certain conditions of each in your family.
Comments on segment net sales performance for the fourth quarter of 2008 are as follows. The fourth quarter’s decline in earnings was driven by a reduction in sales volumes, home medical supply offset in part by cost savings from the Company’s various productivity and cost reduction programs as well as favorable impact from medical supply companies the Company’ third quarter selling price increases. This next phase of our restructuring should be fully implemented by mid-2009.
The Company undertakes no duty to update its forward-looking statements.. The forward-looking statements included medical suppliers in this are made only as of the date hereof. Pregis Corporation is a leading global provider of innovative protective, flexible, and foodservice packaging and hospital supply medicare medical supplies products. Dependency on medical supplies may also decrease once your injury or illness heals. Incontinent supplies, Massage Supplies and Massage tables, Medical Stockings, Lymphadema Pump, Microscopes, Nebulizer , Muscle Stimulators, Opthalmoscope, Otoscope, Overbed table, medical supply company Orthopedic supplies, Pulse oximeter, Pulse monitor, Shower kendall medical supplies chair and Stethoscopes. In addition, we successfully implemented a number of aggressive productivity and cost reduction initiatives essential medical supply company which will benefit our business going forward.”
Mr. Since not everyone in your family may need the same resources. Some things than should not be forgotten for your first aid kit are adhesive bandages in several sizes to be used for several different kinds of cuts and scrapes.
But remember, if your first aid kit is not stocked with the proper home medical supply medical supplies, it’ll be meaningless. The decline dental medical supplies for the year was primarily due to increased costs of discount medical supplies canada resin, fuel and other raw materials, combined with the significant decline in volumes in the latter part of the year, offset by the impact of selling price increases and cost reduction initiatives. The Company generated an operating loss in the fourth quarter of 2008 of $12.3 million, compared to operating income of $4.9 million for the fourth quarter of 2007. hospital supplies The margin decline was primarily the result of decreased medical supplies online australia sales volumes due to weakened demand across our segments, offset in part by the impact of selling price increases implemented in the third quarter of 2008 as well the impact of our 2008 cost reduction initiatives. -30-
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Pregis Announces Fourth Quarter and Full Year hospital supplies 2008 Financial Results
DEERFIELD, Ill., / / — Pregis Corporation, a leading international manufacturer, marketer, and supplier of protective medical supply company packaging products and specialty packaging solutions, today announced its 2008 fourth quarter and full year financial results. This represents a decline of approximately 27% compared to 2007 operating income of $49.2 million, also adjusted for restructuring activity of $2.9 million, a $3.1 million write-off of third party due diligence and legal costs related to a potential medical office supplies acquisition that was not consummated, and an unusual insurance gain of $2.8 million. So what should be included in your home medical supply.
Given these conditions, it is very important to work within your needs once you are stocking up your home medical supply. 617-614-3669; Participant Passcode. This contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. With such medical supply company resource, you’ll always be prepared for any minor emergency that arises. The fourth quarter operating loss reflects a $19.1 million non-cash medical supplies toilet goodwill impairment charge within one of the Company’s specialty packaging businesses driven by the anticipation of a significant reduction in future revenue from a customer that had historically comprised a material portion of the reporting unit’s annual revenues.
Given these risk and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The replay may be accessed using the following dial-in information. Exactly what home medical supplies you need may vary from year to year. For the full year, 2008 medical office supplies net sales increased 4.1% to $1.019 billion as compared to $979.4 million in 2007. So, in order to be always prepared of whatever illness that may afflict any member of your family, we strongly advice for you to have home medical supply. If you’re a head of the family, you know that this is important and is foremost in your priorities.
McDonnell continued, “We enter 2009 with the expectation that it will be a very challenging year, given the continuing economic uncertainty. However, despite these significant headwinds we still generated solid earnings and cash flow. Commenting on the Company’s results, Jamison McDonnell, President and Chief Executive Officer, stated, “2008 featured some of the most challenging market conditions this industry has ever faced. Some medical supplies in your first aid kit may also be specific to individual needs of your family. Adjusted for this goodwill impairment charge, unfavorable foreign currency translation of $1.3 million, restructuring activity of $1.5 million, and a related curtailment gain of $3.7 million, operating income for the fourth quarter of 2008 was $5.8 million. The most important thing is that, once you need a specific medical supply, you’ll have access to it at any given time. Of course, it should have everything you and your family needs to stay healthy and live well. The specialty-packaging leader currently operates 46 facilities in 18 countries around the world.
The Company will conduct an investor conference call to review its 2008 fourth quarter and full year results on at 10:00 a.m. You’ll know the right medical supply depending on what injury or ailments that each of the members in your family are afflicted with. Aside from the basic first aid kit, you may discount medical supplies online also be needing any of these home medical supplies. We estimate that these new initiatives should drive 2009 year-over-year savings of approximately $15 million to $20 million, which will help offset the economic weakness we believe will continue throughout 2009.”
In the fourth quarter of 2008, the Company hired a new executive to manage the operations of the flexible packaging, hospital supplies and rigid packaging businesses as an integrated unit, in support of the Company’s strategy to drive synergies across these businesses. Pregis Corporation is a wholly owned subsidiary of Pregis Holding II Corporation.
Excluding a $21 million impact of favorable foreign currency translation on a year-to-date medical supplies for the elderly basis and incremental revenue from 2007 acquisitions, 2008 net sales decreased 1.1%. However, certain home medical supplies need to be on hand every time. For the fourth quarter of 2008, the Company generated net sales of $219.6 million, a decrease of 13.4% versus net sales of $253.7 million in the fourth quarter of 2007. This represents a decline of approximately 34% compared to operating income of $8.8 million for the fourth quarter of 2007, also adjusted for restructuring activity of $2.8 million, a $3.1 million write-off of third party due diligence and legal costs related to a potential acquisition that was not consummated, and an unusual insurance gain of $2.0 million. In the fourth quarter of 2008, the Company began reporting the operations of its flexible packaging, hospital supplies and rigid packaging business as one reportable segment, Specialty Packaging, to be aligned with the aforementioned changes in its internal management structure. As a result, the Company now reports two reportable segments. These risks may cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.
Excluding incremental revenue from 2007 acquisitions, as well as a $20 million impact of unfavorable foreign currency translation, as the U.S. For more information about Pregis, visit the Company’s web site at. For example, your grandmother might need incontinent medical supply items, while these kinds of medical supplies might not be available in your supply chest.