By Trevor Shackelford March 3, 2005 -- Standard Register (NYSE: SR) released their fourth quarter and full-year 2004 financial results. Revenue for the quarter was $236.2 million, up 6.8% from the same period last year. Net income for the quarter was $13.4 million, or $0.47 per share, versus a net loss of $24.4 million, or $0.86 per share, in 2003. The company generated revenues of $890.2 million in 2004, down from $894.3 million in 2003. The net loss for 2004 was $30.2 million, or $1.06 per share, versus a net loss of $39.1 million, or $1.38 per share, in 2003. Topics of this Summary Quarter and 2004 Highlights Outlook Q & A Quarter and 2004 Highlights Standard Register sold its Equipment Service business to Pitney Bowes at the end of the Q4. The sale produced a net after tax gain of $12.8 million, or $0.45 per share. Without the sale, the company posted a net gain of approximately $600,000 for the quarter. Excluding restructuring and asset impairment charges, profitability on continuing operations improved in each quarter of 2004. Gross margins were downs in 2004, due to paper price increases. These price increases could not be passed on in 2004 due to limitations imposed in contracts with customers. Most of 2004’s increases should be passed on in 2005. EBITDA for the InSystems business unit was positive in the Q4 after the Q3 restructuring. Fulfillment Services business unit has been changed to the Print-on-Demand unit. According to the company, the unit saw operational improvement throughout 2004. Outlook During the call, Standard Register outlined several areas of focus for 2005. The first is to increase market share in the Documents and Labels business. The company plans on expanding offerings in commercial print, PathForward consulting, and contract print, as well as rolling out a new Print-on-Demand strategy. Standard Register also sees revenues and margins for the InSystems business unit continuing to grow in 2005. Finally, the company would like to work to move its digital pen and paper offering beyond the pilot stages. Standard Register anticipates that revenues for the first quarter of 2005 will come in under that posted in the fourth quarter of 2004. The company expects modest revenue growth and improvements in operating profit for 2005. Q & A Standard Register is excited about its electronic pen and paper product in 2005. The company is seeing interest from the early adopter crowd, and although no specific projections were made, they do see revenue climbing in 2005. 2005 Restructuring costs should be approximately $3 million coming primarily from 2004 carry-over.