The Print company by the name of Catalyst, which sits in Richmond, has just come out with third quarter numbers that are stronger than expected and show growth over its last business quarter. This maker of mechanical printing paper—which calls itself the largest such maker in all of Western North America—came out with net earnings of $6 million that featured sales of $322.3 million, all in the third quarter of 2010.
The president of this Print company in Richmond, Kevin J. Clarke, still calls business conditions tough, to be sure, yet he also claims that said conditions are showing hints of real improvement. Turning to the paper demand in North America in a statement that accompanied Catalyst’s earnings announcement, Clarke said paper demand stabilized in large part due to a dual increase in prices as well as sales volumes. Clarke was also proud of Catalyst’s ability to shore up and even expand its existing customer relations, while also looking to the future by way of selling into new markets.
Listed on the Toronto Stock Exchange under the symbol CTL, Catalyst improved over last quarter on its net loss before specific items figure, recording merely a net loss of $9.6 million in the third quarter of 2010 over the much worse net loss before specific items of nearly $44 million in the second quarter.
Going into the next quarter, this Richmond Print company looks positioned to endure more hardship as the rising Canadian dollar will work to push earnings results down in the future.Get a Free Quote for Print
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