Net sales in the quarter were $1.68 billion, up $59.5 million or 3.7% from the second quarter of 2017. On an organic basis, consolidated net sales increased 2.7% primarily driven by higher volume and fuel surcharges in the Business Services segment, partially offset by price pressure. From a products and services perspective, Packaging, Logistics and Direct Mail accounted for most of the increase while Commercial Print was lower due to ongoing secular pressure and lower specialty card sales. Gross profit in the second quarter of 2018 was $290.6 million or 17.3% of net sales versus $302.0 million or 18.6% of net sales in the prior year quarter. The favorable impact of volume growth and cost reduction initiatives was more than offset by unfavorable changes in foreign exchange rates and modest price pressure. Click Read More below for additional information.
Komori America Corp. announced today that 4over Inc., one of North America’s largest trade printers, has once again invested in Komori’s technologically advanced presses, with the purchase of three new Komori Lithrone machines. The company has depended on the reliability and quality of Komori presses since 4over’s inception in 2001. Experiencing triple-digit growth annually, 4over quickly expanded from a single location to 18 locations. The company cites that its partnership with Komori has supported 4over’s solid growth and reputation by always offering the advanced technology and technical expertise needed to ensure the superior print quality, color consistency and fast turnaround 4over is known for delivering.
The addition of the new Komori presses not only adds to 4over’s capacity to enable the fast delivery customers require, but also makes it possible to produce photo-quality print on a variety of substrates, from business cards to posters, linen stock to magnets and more. Additionally, the versatility and speed of the multi-color Komori’s provide added capabilities that reinforce the unmatched short-run competence that has made 4over a market leader.
“Komori and 4over have had a long-term partnership, and we are excited to add these new technologically advanced presses to our fleet of Komori presses already in operation,” said Zarik Megerdichian, CEO of 4over Inc. “We are extremely pleased with the performance of the long perfector, double coater presses. With Komori’s approach to continued advancement, we have the competitive advantage of always being ahead of our customers’ needs for more complicated print requirements. For this, and so many reasons, we are very pleased to make this exciting journey with Komori.”
Kosh Miyao, president and COO, Komori America, also adds, “4over’s reputation for being the best value in the trade print market is gained by always delivering on its promise of innovation, excellence and unsurpassed delivery speed. Our Lithrone G40 presses will only add to that competitive edge. As always, we are proud of our long-term partnership with 4over and look forward to continuing our successful relationship.”