Standard Register (SR) Pares Some Early Gains, But Run Continues
The Standard Register Company (NYSE: SR) is seeing more upside Friday following a 360 percent gain on Thursday following quarterly results and a new acquisition.
The company reported Q2 EPS of $0.25 and revs of $136.8 million, versus EPS of $0.66 and revs of $155.1 million reported in the same period last year.
In addition, Standard Register also announced that it acquired WorkflowOne for $218 million. The company said it expects to achieve $1 billion in annual revenue and $40 million in annual savings when the integration of the two companies is complete. Closing wasn't made clear in the release.
After moving up as much as 21.4 percent earlier, Standard Register is now just 2.2 percent higher on the session.
The company reported Q2 EPS of $0.25 and revs of $136.8 million, versus EPS of $0.66 and revs of $155.1 million reported in the same period last year.
In addition, Standard Register also announced that it acquired WorkflowOne for $218 million. The company said it expects to achieve $1 billion in annual revenue and $40 million in annual savings when the integration of the two companies is complete. Closing wasn't made clear in the release.
After moving up as much as 21.4 percent earlier, Standard Register is now just 2.2 percent higher on the session.