LSC COMMUNICATIONS INC. overview

LSC Communications, Inc. (OTCQX: LKSD) (“LSC” or the “Company”) today announced that the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) has approved its previously announced stock and asset purchase agreement, under which an affiliate of Atlas Holdings LLC (“Atlas””) with the support of certain of LSC’s secured creditors (the “Creditor Group”), will acquire substantially all of the Company’s assets. “With the Court’s approval of the sale,...

LSC Communications, Inc. (OTCQX: LKSD) (“LSC” or the “Company”) today announced that the Company has entered into a stock and asset purchase agreement (the “Purchase Agreement”) with an affiliate of Atlas Holdings LLC (“Atlas” or the “Purchaser”) with the support of certain of LSC’s secured creditors (the “Creditor Group”). Under the terms of the Purchase Agreement, the Purchaser will acquire substantially all of the Company’s assets through a combination of cash and...

LSC Communications, Inc. (OTC: LKSDQ) today reported financial results for the second quarter of 2020. Financial Highlights: Net sales of $532 million compared to $869 million in the second quarter of 2019 Organic net sales decrease of 29.1% from the second quarter of 2019 GAAP net loss of $63 million, or $1.86 per diluted share, compared to net loss of $25 million, or $0.72 per diluted share, in the second quarter of 2019 Non-GAAP net loss of $16 million, or $0.46 per diluted share, compared to...

LSC Communications, Inc. (OTC: LKSDQ) today reported financial results for the first quarter of 2020. Financial Highlights: Net sales of $701 million compared to $845 million in the first quarter of 2019 Organic net sales decrease of 11.2% from the first quarter of 2019 GAAP net loss of $52 million, or $1.56 per diluted share, compared to net loss of $125 million, or $3.77 per diluted share, in the first quarter of 2019 Non-GAAP net loss of $25 million, or $0.75 per diluted share, compared to...

LSC Communications, Inc. (OTCQX: LKSD) (“LSC” or the “Company”) today announced that the Company, along with most of its U.S. subsidiaries, has voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. The Company’s decision follows a comprehensive evaluation of opportunities to reduce its debt and better position LSC to compete and deliver exceptional products and services to its...

LSC Communications, Inc. (OTCQX: LKSD) (“LSC” or the “Company”) today announced that on February 27, 2020, its Board of Directors adopted a Stockholder Protection Rights Agreement (the “Rights Agreement”) and declared a dividend of one Right on each outstanding share of Common Stock. The record date to determine stockholders entitled to receive the Rights is March 9, 2020. The Rights Agreement will expire on February 27, 2021. The Rights Agreement is designed to ensure that all LSC...

LSC Communications, Inc. (OTCQX: LKSD) today reported financial results for the fourth quarter of 2019. Financial Highlights: Net sales of $778 million compared to $939 million in the fourth quarter of 2018 Organic net sales decrease of 14.1% from the fourth quarter of 2018 GAAP net loss of $169 million, or $5.02 per diluted share, compared to net loss of $16 million, or $0.47 per diluted share, in the fourth quarter of 2018 Non-GAAP net loss of $34 million, or $1.03 per diluted share, compared...

LSC Communications, Inc. (OTCQX: LKSD) (“LSC or the “Company”) today announced that Sententia Group, LP has nominated 6 individuals to stand for election as directors at LSC’s 2020 Annual Meeting of Shareholders. LSC shareholders are not required to take any action at this time. LSC issued the following statement: “Since the termination of its merger with Quad Graphics last year, LSC has acted quickly to take decisive action to manage LSC’s operational and financial position. We have...