is an Official Member of the "CHARACTER COUNTS!" COALITION
of the Josephson Institute
of Ethics in Los Angeles:
http://www.D.buildthedream. These steps include the identification of new
tissue sources
that are not subject to duty, as well as the negotiation of new
freight arrangements
," he continued.10 $.
earth dead
, 500 Meyer
Lane, Redondo Beach, California 90278. King's extraordinary
vision made him the voice that would heal a
nation by instilling hope, demanding equality and ultimately
changing
history," said Iger.
Disney will join the following major contributors in support
of the
memorial: General Motors, Tommy Hilfiger Corporate Foundation, The Ford Motor
Company Fund
, Toyota, Procter + Gamble, NBA/WNBA, George Lucas, AFLAC, Fannie
Mae, Wal-Mart, Victor MacFarlane
, The J.
The Los Angeles "Dream Dinner" event begins with cocktails at 6:30 p.16 per share in
the current quarter.01 $2.day july
of Redondo
Beach, California, has announced that five of its Scramble
Squares(R) 9-piece
brain teaser puzzles have been honored by The Institute for Childhood
Resources
in San Francisco as "Dr. dazzle, inc. Two United States' Presidents, the Congress,
most states and
countless municipalities have endorsed the Coalition's
approach and declared the third week in October
"National CHARACTER COUNTS!
Week. The telephone, fax, e-mail and web
site numbers are, Phone:
(310) 374-3000; Fax: (310) 318-6692;
E-mail: info@b-dazzle.
202-253-8974
rorszag@mlkmemorial
.S. As a result of this
determination, the Company and other importers are required to post
bond
or a cash deposit upon importation of these products at rates
reflecting the Commerce Department
's estimate of the duties that may
be imposed on these products.valentine earth
Toy." The "CHARACTER COUNTS!"
Coalition
has become the nation's leading character education system, now
reaching five million youngsters
through a widespread partnership of schools
and youth-serving organizations.m.org or call Rica Orszag
at 202-253-
8974.03 to $.mayo holidays
newscom.newscom. Toy"), childhood development
specialist, cautions,
"Parents must plan, prepare and shop ahead for their
children's leisure time.com; World Wide Web Site:
http://www. National Memorial will be
held at the Regent Beverly Wilshire on February 28, it was
announced today by
Harry E.
"Coretta Scott King served as a co-chair of the Memorial Foundation
leading a host of great Americans in raising the awareness and much-needed
resources to construct
a national memorial to pay tribute to the life and
legacy of her husband," said Johnson. "Although
she has been gone just a
short time, she is deeply missed and her memory and dedication of spirit
will
continue to guide us to success in this effort.20
=========
========= ========= =========
Diluted $1.18 $2.fourth children
dazzle, inc. for Father
's Day, Mother's Day, Easter, Halloween, birthdays, get
well, graduation, travel and holidays."
The memorial honoring the life and legacy of Dr. Groundbreaking on the memorial is
scheduled
for late 2006, and construction is expected to be completed in 2008. King
helped make the American
Dream possible for so many people.
Contact:
Rica Orszag
Washington, D.
818-560-8231
michelle.com
SOURCE: Washington D.16 per diluted share. "We are disappointed
in these results and have taken several steps to improve them for next
year.july king
" The five Scramble
Squares(R) puzzles receiving this prestigious award
are "Chicago!," "Classic Cars," "Dolphins,"
"North American Birds" and
"Turtles.b-dazzle.
will be built on the National Mall in Washington
, D.7 million.CSS Industries Inc. Reports Sales and Earnings for the Quarter and Nine Months Ended December
31 2004
CSS' consolidated results of operations for the quarters ended
December 31, 2004
and 2003 and consolidated condensed balance sheets
as of December 31, 2004, March 31, 2004 and December
31, 2003 follow:
CSS INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In thousands)
December 31, March 31, December 31,
2004 2004 2003
-------- --------
--------
ASSETS
------
CURRENT ASSETS
Cash and cash equivalents
$ 18,845 $ 93,191 $ 12,158
Accounts receivable, net 214,715 40,460
215,377
Inventories 81,652 94,459 76,187
Deferred income
taxes 7,491 7,937 7,179
Other current assets 13,719
12,987 11,934
-------- -------- --------
Total current assets 336,422 249,034 322,835
-------- -------- --------
PROPERTY, PLANT AND EQUIPMENT, NET 77,681 81,193
82,959
-------- -------- --------
OTHER ASSETS
Intangible assets, net 35,506 35,619 36,995
Other
4,852 4,551 4,473
-------- ------
-- --------
Total other assets 40,358 40,170 41,468
-------- -------- --------
Total assets
$454,461 $370,397 $447,262
======== ======== ========
LIABILITIES AND STOCKHOLDERS'
EQUITY
-----------------------------
CURRENT
LIABILITIES
Notes payable $ 19,000 $ - $ 28,980
Current portion
of long-term
debt 10,000 - -
Other current
liabilities 95,609 61,221 95,653
--------
-------- --------
Total current liabilities 124,609 61,221 124,633
-------- -------- --------
LONG-TERM DEBT, NET OF CURRENT
PORTION 40,000 50,251 50,000
-------- -------- --------
LONG-TERM OBLIGATIONS 3,602
3,631 3,564
-------- -------- --------
DEFERRED
INCOME TAXES 6,451 6,142 9,098
-
------- -------- --------
STOCKHOLDERS' EQUITY 279,799 249,152 259
,967
-------- -------- --------
Total liabilities
and
stockholders' equity $454,461 $370,397 $447,262
======== ======== ========
children king
Toy's 2005 list of new, developmentally appropriate
and fun
products that develop active, creative and educational skills by writing to
Dr.
Exquisite, award winning Scramble Squares(R) brain teaser puzzles for ages
4 to 104 are at least
as popular with adults, seniors, teenagers and college
students as they are with children. Each
Scramble Squares(R) puzzle package includes a panel of
fascinating factual information on the subject
of the puzzle, as well as a
trivia question and hidden answer, providing significant added value
and
educational stimulation.
Although each Scramble Squares(R) puzzle has only nine 4" x 4
" pieces,
Scramble Squares(R) puzzles are Perhaps the World's Most Challenging
Puzzle(TM)! At
under $10. The purpose of
the "CHARACTER COUNTS!" Coalition is to fortify the lives of America's
young
people with consensus ethical values called the "Six Pillars of Character. Because our society
places such a high
value on material success, there is the tendency in human nature to pursue
success
by any means, whether fairly or unfairly, honestly or dishonestly. The total cost of the project is
$100 million. Willard and Alice S. Tickets prices start at
$500 and can be obtained by calling plan
A events at 310-860-1300. For the nine months ended
December 31, 2004, sales decreased by 1% to
$478,435,000 from
$484,846,000 in 2003.
All statements other than statements of historical fact
included
in this press release are "forward-looking statements" within the
meaning of the Private
Securities Litigation Reform Act of 1995.patrick cinco
"
(Photo: http://www. "We are thrilled by the recognition
of our
efforts that has been bestowed upon us by Dr. Johnson Sr. Martin Luther King, Jr. The memorial
will be
situated adjacent to the F."
The Washington, DC Martin Luther King Jr.7 million, bringing
the total to
$57.m. National Memorial Project
Foundation, Inc. For the quarter ended
December 31, 2004, sales of $247,169,000 were flat compared to sales
of $247,394,000 in 2003.
mayo king
com/cgi-bin/prnh/20050607/LATUD001 )
(Logo: http://www..org (800-711-2670; 310-846-4800).,"
said Valenti, a
member of the Foundation's Executive Leadership Cabinet.S.95 $3.30 $.cinco earth
Dr
. dazzle inc. Disney President And CEO Bob Iger to Chair The Event; Jamie Foxx, Morgan
Freeman
, Quincy Jones, Clarence Avant, Jack Valenti And Glenn Padnick to
Co-Chair
LOS ANGELES, The Los Angeles "Dream Dinner"
fundraiser to benefit the Martin
Luther King, Jr. Congress passed Joint Resolutions in 1996
authorizing Alpha Phi Alpha Fraternity
, Inc. Martin Luther King Jr. National Memorial
Project, please visit http://www. The actual amount
of
the duties, if imposed, may be higher or lower than the deposit rates,
depending on the final
determinations of the Commerce Department and
the U.08 $.classroom groundhog
Parents can
request Dr. Store
displays come complete with the
unique Scramble Squares(R) "5-MINUTE CHALLENGE(TM)" in-store free
puzzle
giveaway promotion for consumers who solve a Scramble Squares(R) demonstration
puzzle within
five minutes!
"Our company's mission is to produce a wide range of beautiful, wholesome,
entertaining
and informative gifts for under $10.00 retail for all ages of
adults and children that can be selected
by style to appeal to the personal
interests of the recipient," says b. We wish to do so by advancing
the
principles of good character and ethical behavior, not only by operating our
business in accordance
with ethical standards, but also by advancing and
promoting the importance of ethical business practices
and ethical behavior
throughout our industry and our society at large.com. The Walt Disney Company
will serve
as the lead sponsor, underwriting the dinner, and Disney President and CEO Bob
Iger
will chair the event. has raised $43. The matching funds
will kick in when the Foundation reaches
$47.gladowski@disney.18 per diluted share. In November 2004 and January 2005, the
Commerce Department
denied requests to reduce these deposit rates
pending the issuance of its final determination.
martin youth
com/cgi-bin/prnh/20031024/DAZZLOGO )
Dr.drtoy.D. Marriott
Foundation, Horowitz Family Foundation
, Federated Department Stores
Foundation, BellSouth, Bank of America Charitable Foundation, Delta
Airlines
Foundation, and BET founder and Washington Mystics owner Sheila Johnson.C.C.
(NYSE:CSS
) announced today the results of operations for the third
quarter and nine months ended December 31
, 2004.This category is for sites which have ideas for classroom activities related to various holidays
.
mayo holidays
Toy at the Institute for Childhood Resources, 268 Bush Street, San
Francisco, CA 94104 and including
a #10 SASE (self addressed stamped
envelope)..91 per diluted share, compared to prior year net income
of
$27,397,000, or $2. These negative
factors were partially offset by decreased selling, general
and
administrative expenses, primarily related to compensation, and
reduced interest expense.
mayo day
Toy's BEST VACATION Children's Products
2005. Stevanne Auerbach, Ph. Toy's selections help parents
offer a
healthy balance of positive activities for travel, skill building, physical
development
, hobbies, crafts and year-round creativity. Each puzzle comes packaged in a unique,
heavy duty,
light weight and compact (10 1/2" long x 5 3/4" wide x 3/8" deep)
resealable vinyl travel pouch
, which keeps the puzzle pieces from becoming
lost or soiled.
Kathie Gavin explains, "We strongly
believe that with our success comes a duty
for us to contribute to our society. National Memorial
to ensure that his legacy will be shared with future generations.79 $3.05
========= ========= ========= =========
WEIGHTED AVERAGE SHARES
OUTSTANDING
Basic 11,952 11,841 11,929 11,730
========= ========= ========= =========
Diluted 12,523 12,592
12,607 12,335
========= ========= ========= =========
CASH
DIVIDENDS PER SHARE OF
COMMON STOCK $.fourth mayo
"
For further information
, contact Kathie Gavin at b. Martin Luther King Jr.
National Memorial Project Foundation, Inc., to
establish a memorial honoring
Dr. "Dr.
followed by dinner and entertainment at 7:30 p.227
========= ========= ========= =========
----------------------
------------------------------------------------
COMPREHENSIVE INCOME
Net income
$ 23,971 $ 27,397 $ 35,177 $ 37,574
Change in fair value of
interest rate swap
agreements, net - 149 - 269
Foreign currency translation
adjustment (8) - (3) 17
--------- --------- --------- ---------
Comprehensive income $ 23,963 $ 27,546
$ 35,174 $ 37,860
========= ========= ========= =========
CSS INDUSTRIES, INC.fourth valentine
Toy's perfect solution to summertime doldrums is instantly available
on the Worldwide Internet (http://www."
These six key character values, which transcend divisions
of race, creed,
politics, gender and wealth, are trustworthiness, respect, responsibility,
fairness
, caring and citizenship., president of the Washington D. Memorial and in a direct line between the
Lincoln
and Jefferson Memorials. King led by example, teaching thousands of
Americans the values of justice
, courage, dignity and compassion, and The Walt
Disney Company is honored to support Martin Luther
King, Jr. The decline in net
income was primarily the result of lower sales and lower margins
caused
by our establishment of a pre-tax reserve of $3,100,000 for
duties that may be imposed on imported
tissue products (discussed
below), higher freight costs and higher material costs. International
Trade Commission, which are expected to be
issued in February 2005 and March 2005, respectively,
and any reviews
that may be undertaken by the Commerce Department thereafter.thanksgiving classroom
(aka "Dr. "I encourage
everyone
in Los Angeles, from business to community leaders, to join together to help
build the
King memorial so that future generations will know how Dr. Net income decreased 13% to $23,971,000,
or
$1.05 per diluted share.
"Reflecting the estimated maximum exposure to tissue duties
(approximately
$.dead easter
Five Scramble Squares(R) Puzzles Named to Dr. Toy's 'BEST VACATION Children's Products 2005' by The
Institute for Childhood Resources
, b.
b."
"We are honored that Disney is taking
a leadership role in helping to
build a lasting memorial honoring Dr. Martin Luther King Jr.
Net income decreased 6% to $35,177,000, or $2. These sales declines were partially offset by
improved
Christmas and Everyday boxed greeting card sales.king cinco
Scramble Squares(R) puzzles are Easy
To Play, But Hard To Solve!(TM) Over 100 exquisite styles of colorful
original art are available
on nature, sports, history, culture, geography,
science, technology, occupations, fantasy, hobbies
and activities, and more
new styles are added every six months. dazzle founder, puzzle designer,
president + CEO, Kathie Gavin.
In addition to Iger, Jamie Foxx, Morgan Freeman, Quincy Jones
, Clarence
Avant, Jack Valenti and Glenn Padnick will serve as co-chairs., The William
Morris Agency
, Intel, Gibson, Dunn + Crutcher, LLP, Avi Lerner Productions,
Revolution Entertainment, Indianapolis
Speedway, Roll International
Corporation and Jarvis Stewart. For more
information about the Washington
, DC Martin Luther King Jr.com
Michelle Bergman
Disney Corporate Comm. The Company
's highly seasonal orientation
results in operating losses in the first and fourth quarters of the
fiscal year and operating profits in the second and third quarters.
The decrease in sales for
the nine months ended December 31, 2004
was primarily the result of lower ribbon and bow sales, the
absence of
sales related to a product line which was sold in July 2003 and the
later timing of
Valentine shipments which pushed sales into the fourth
quarter. Commerce Department issued its
preliminary
determination in the anti-dumping duty investigation on
certain tissue paper products imported from
China.16 per share) and the third quarter year to date
results, we now expect EPS growth for the
fiscal year of between 0%
and 5%," said David Erskine, President and CEO.
Forward-looking statements
are based on the beliefs of the Company's
management as well as assumptions made by and information
currently
available to the Company's management.july easter
com) and by mail.
Los Angeles Mayor
Antonio Villaraigosa will
join Iger and the many other celebrity co-chairs in the speaking program
and
Kenny "Babyface" Edmonds will perform.groundhog cinco
Toy," Gavin adds.R.
"Dr. Martin Luther King Jr
. The
Company's exposure is estimated to be in the range of approximately
$. The Company is vigorously
contesting
the imposition of these duties, however given the preliminary
determinations of the
Commerce Department and the International Trade
Commission, the Company has established a reserve
for its estimated
maximum exposure of $.easter martin
The Los Angeles 'Dream Dinner' Fundraiser to Benefit The
Martin Luther King Jr. National Memorial to be Held February 28 at The Regent Beverly Wilshire
C.C.com
Maria Gladowski
Disney Worldwide Outreach
818-560-6360
maria
.
Business Editors
PHILADELPHIA----CSS Industries, Inc. AND SUBSIDIARIES
CONSOLIDATED RESULTS OF OPERATIONS
(Unaudited)
(In thousands
, except
per share amounts)
Three Months Ended Nine Months
Ended
December 31, December 31,
------------------- -------------------
2004 2003
2004 2003
--------- --------- --------- ---------
SALES
$247,169 $247,394 $478,435 $484,846
-
-------- --------- --------- ---------
COSTS AND EXPENSES
Cost of sales 184
,656 176,443 353,270 350,718
Selling, general and
administrative expenses 24
,221 27,048 68,984 73,036
Interest expense, net 906 1,185 2,032
2,874
Other expense (income) 49 192 (643) (310)
--------- --------- --------- ---------
209,832
204,868 423,643 426,318
--------- --------- --------- -----
----
INCOME BEFORE INCOME TAXES 37,337 42,526 54,792 58,528
INCOME TAX EXPENSE
13,366 15,129 19,615 20,954
--------- ----
----- --------- ---------
NET INCOME $ 23,971 $ 27,397 $ 35,177 $ 37,574
========= ========= ========= =========
NET INCOME PER COMMON
SHARE
Basic $2.groundhog earth
These great products will help all parents to
overcome
the challenge of finding innovative, fun and interesting things for
their kids to do," says Dr.00
retail, Scramble Squares(R) puzzles make
inexpensive, but highly entertaining and valued gifts for
both men and women
alike. Co-hosts
(committee in formation) include: News Corporation, Warner
Bros. King to be built in Washington, D. National Memorial Project
Foundation, Inc. In August, Congress
authorized $10 million in matching funds for the memorial.79
per diluted share, compared to a
prior year net income of $37,574,000,
or $3.
In September 2004, the U.
CSS is a consumer products
company primarily engaged in the
manufacture and sale to mass market retailers of seasonal, social
expression products, including gift wrap, gift bags, boxed greeting
cards, gift tags, tissue paper
, paper and vinyl decorations, classroom
exchange Valentines, decorative ribbons and bows, Halloween
masks,
costumes, make-ups and novelties, educational products and Easter egg
dyes and novelties
.31 $2.91 $2.classroom mayo
REDONDO BEACH, Calif.
Scramble Squares(R) teaches:
* Critical Thinking/Problem Solving Skills
* Patience
* Perseverance
* Statistical Probabilities
* Cooperative and Solitary Productivity
Scramble
Squares(R) also helps maintain mental agility, sharpness and
memory in seniors and adults, while
providing hours of quiet and stimulating
entertainment.charactercounts.C.7 million of the needed
$66 million to break
ground. National Memorial Project
Foundation, Inc.org
Jelena
Spajic
5W Public Relations
310-566-7031
jspajic@5wpr.bergman@disney. Actual events
or results may
differ materially from those discussed in forward-looking statements
as a result
of various factors, including without limitation, general
market conditions, increased competition
, and other factors described
in the Company's Annual Report on Form 10-K for the fiscal year ended
March 31, 2004.dead holidays
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