Centaurus Financial - we invest in your success
CuraDebit Free Debt Analysis
  Home > Fortune 500 Companies > Ikon Office Solutions.

Ikon Office Solutions.


Ikon Office Solutions are a publicly traded company having a good stock performance result. Ikon Office Solutions are a fortune 500 stock listed company trading under IKN.
 
Ikon Office Solutions integrates imaging systems and services that help businesses manage document workflow and increase efficiency. Ikon is the world's largest independent distribution channel for copier and printer technologies, the company offers best-in-class systems from leading manufacturers such as Canon, Ricoh and HP and service support through its team of 7,000 service professionals worldwide. The company also represents the industry's broadest portfolio of document management services, outsourcing and professional services, on-site copy and mailroom management, fleet management, digital printing solutions, and customized workflow and imaging application development.
 
Net income from continuing operations for the first quarter of fiscal year 2006 was 28 million dollars, or 0.21 dollar per diluted share, including a 0.04 dollar gain related to the previously announced sale of Kafevend, a non-strategic UK business, and a 0.01 dollar charge for the loss from early extinguishment of debt. Excluding these items, first quarter earnings per diluted share from continuing operations were 0.18 dollar, consistent with the Company's previously communicated range of 0.16 dollar - 0.18 dollar.

Total revenue for the first quarter of fiscal year 2006 was 1.04 billion dollars, compared to 1.09 billion dollars for the first quarter of fiscal year 2005, a decline of 4 percent year over year. Targeted revenue, which represents 97 percent of total revenue, was flat for the quarter.

Customer Services and Supplies revenue of 371 million dollars, which includes revenue from the servicing of copier/printer equipment and direct sales of supplies, declined 2 percent compared to the first quarter of fiscal year 2005. Revenue continued to be impacted by the rapid decline in the analog equipment base, partially offset by continued growth in the digital equipment base. Gross margin on Customer Services and Supplies increased to 46.4 percent from 44.8 percent a year ago, driven by an improvement in parts costs and a lower cost structure in North America, and continued focus on cost reduction and productivity improvements.

The company integrates and applies industry leading expertise and innovative technology to help companies meet today's complex document workflow demands and prepare them for tomorrow's challenges. Ikon Office Solutions provides customized, scalable solutions that streamline every phase of the document lifecycle from input to output, as well as distribution, storage and retrieval.
 

Back to Fortune 500 Companies

 
 
Infinit-i