EAS RFID: Checkpoint Systems, Inc. Announces 2004 Second Quarter Results

From Business Wire (press release), CA ... regard was the recently announced agreement with CVS, which will allow Checkpoint to outfit all 5,300 CVS stores with our industry-leading RF EAS technology. ...

" ... Checkpoint Systems, Inc. (NYSE: CKP) reported financial results for the second quarter ended June 27, 2004. The Company's second quarter 2004 net earnings were $8.4 million, or $0.22 per diluted share, compared to net earnings of $10.7 million, or $0.29 per diluted share, in the second quarter 2003. During the quarter, the company increased its research and development expenses by $3.9 million and selling and marketing expenses by $3.9 million, as compared to the second quarter of 2003. Revenue for the second quarter 2004 was $189.3 million versus $175.7 million for the second quarter 2003, an increase of 7.7%. Foreign exchange had a positive impact on revenue of approximately $7.6 million or 4.3% in the second quarter 2004, as compared to the second quarter 2003. ... "

Checkpoint Systems, Inc. is a multinational company that manufactures and markets labeling systems designed to improve efficiency, reduce costs, and provide value-added label solutions for customers across many markets and industries. Checkpoint is a leading provider of EAS and RFID systems, source tagging, barcode labeling systems, hand-held labeling systems and retail merchandising systems. Applications include automatic identification, retail security and pricing and promotional labels. Operating directly in 30 countries, Checkpoint has a global network of subsidiaries and provides professional customer service and technical support around the world.