IKON Office Solutions, Inc.
Stock Symbol: IKN
IKON Office Solutions, Inc. Industry:
IKON Office Solutions, Inc. Description:
IKON Office Solutions, Inc. (www.ikon.com) is one of the world's leading providers of products and services that help businesses communicate. IKON provides customers with total business solutions for every office, production and outsourcing need, including copiers and printers, color solutions, distributed printing, facilities management, imaging and legal outsourcing solutions, as well as network design and consulting, e-business development, telecommunications services and technology training. With fiscal 2000 revenues of $5.4 billion, IKON has approximately 900 locations worldwide including the United States, Canada, Mexico, the United Kingdom, France, Germany, Ireland, and Denmark.
IKON Office Solutions, Inc. Financial Summary:
IKN offers a broad range of products, including copiers, printers, computer networks, outsourcing, imaging, network design, application development and technology training. For the 9 months ended 6/30/05, sales fell 4% to $3.28B. Net income from continuing ops. fell 14% to $57.8M. Revenues reflect a decline in finance revenues due to the sale of lease receivables to General Electric Capital Corp. Net income also reflects an $11M restructuring charge.
IKON Office Solutions, Inc. Business Summary:
IKON Office Solutions, Inc. (IKON) delivers integrated document management solutions and systems, enabling customers to improve document workflow and increase efficiency. As an independent channel for copier, printer and multifunction product (MFP) technologies, the Company delivers tailored, high-value solutions implemented and supported by its services organization, Enterprise Services. IKON also provides services, including professional services, a blend of onsite and offsite-managed services, customized workflow solutions and comprehensive support through its service force. The Company primarily distributes equipment made by Canon, Ricoh, Konica Minolta, EFI and Hewlett-Packard (HP). IKON integrates products and services to manage document workflow and increase functionality and efficiency for its customers. The Company's existing products and services portfolio includes digital copying and printing, enterprise services and lease financing.