Dennis Rediker
Dennis Rediker
capital cash company flow funding million operating pension positive
The Company netted positive cash flow of $15.9 million during 2005 -- after funding all of our operating needs, $20.2 million in capital expenditures, $15.0 million in pension contributions, $5.2 million in restructuring costs, and $26.6 million in dividend payments.
additional areas assumed business company critical good human job katie leading resources responsibility success
Katie assumed the additional responsibility for our Human Resources organization in 2004. She has done a good job leading two areas of the company that are critical to success in today's business environment.
asset balance chain continue document enterprise exceed expect focus growth industry management market modest price printed products quarter remains revenue services strength strong supply total year
The market for many of our products and services, particularly our traditional printed products, remains very price competitive. Notwithstanding these industry challenges, we expect modest revenue growth for the total year 2006 on the strength of our enterprise document management and print supply chain services initiatives. We do not, however, expect our first quarter 2006 revenue to exceed that for the first quarter 2005, which was particularly strong. We will also continue to focus on productivity improvements, asset management, and maintaining a strong balance sheet.