Paxar Corporation has reported sales of US$230.8m for the fourth quarter of 2006 compared with sales of $206.8m for the fourth quarter of 2005.

The company, which provides identification solutions to the retail and apparel industry, posted Q4 net income of $9.5m, or $0.23 per share, versus a net loss of $0.8m, or $0.02 per share, for the fourth quarter of 2005.

For the full-year 2006, Paxar reported sales of $880.8m compared with sales of $809.1m for the full-year 2005.

Net income for the year was $56.8m, or $1.36 per share, versus net income of $23.0m, or $0.56 per share, for the full-year 2005.

Paxar chairman, president and CEO Rob van der Merwe said: "Our very strong fourth-quarter growth continued to reflect the robust demand for our products and services that we have been experiencing all year long. This was largely driven by organic growth across our Asia Pacific businesses where we have realised comparable quarter growth in excess of 20% for the past six quarters."

The company announced 2007 sales guidance in the range of $925m to $945m and said that it expects reported earnings for 2007 to be in the range of $1.13 to $1.21 per share.