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Why Standard Register is up 354 Percent Thursday

Standard Register (NYSE: SR), a Dayton, Ohio based company that provides communications services to the healthcare and general business fields, is up 354 percent after releasing earnings and announcing an acquisiton. The company reported EPS of $0.25 per share–up from a loss of $0.30 per share one year prior.

Revenue came in at $136.8 million with a net loss of $4.8 million.

It also announced that it acquired WorkFlowOne in a transaction valued at $210 million. The Company will go to market under the Standard Register corporate umbrella and will rapidly integrate its operations. WorkflowOne will initially operate as a subsidiary of Standard Register. Joseph P. Morgan, Jr., president and chief executive officer of Standard Register, will lead the combined company. WorkFlowOne is a document management company that provides products and services for standard mail, email marketing, and branded merchandise.

The stock has slowly risen Thursday on the news.

 

[stock-tools exchange="NYSE" symbol="SA" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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