Second Quarter 2017 Highlights • Revenue increased 7.7% year-over-year, driven by Small Business Services which grew 5.1% and includes the results of several small tuck-in acquisitions and from growth in Financial Services of 18.9% driven by the results of FMCG Direct and Data Support Systems, which were acquired in the fourth quarter of 2016 and RDM Corporation, which was acquired in April 2017. • Revenue from marketing solutions and other services increased 26.3% year-over-year and grew to 38.2% of total revenue in the quarter. • Gross margin was 63.1% of revenue, compared to 64.5% in the second quarter of 2016. The impact of acquisitions, increased delivery and material costs this year, and a favorable adjustment from an environmental reserve in 2016, were only partially offset by previous price increases and continued improvements in manufacturing productivity. Click Read More below for additional details.
Allen Press, Inc. is excited to announce the purchase of a Muller Martini Tempo 22 Saddle Stitcher. The Tempo 22 is among the world’s fastest saddle stitchers, producing up to 22,000 booklets per hour.
The acquisition further cements Allen Press’ position as the most advanced and versatile printing company in Kansas and Missouri. Customers will benefit greatly from this technological marvel which will deliver faster turnaround times, top quality and greater efficiencies on the production of all 8 ½ x 11 range saddle stitched materials.
“We have built an aspirational and world-class equipment list over the last few years, now besting even our largest competitors in the Kansas City area,” said Randy Radosevich, Allen Press CEO. “Adding the Tempo 22 further highlights our ascension to being an industry leader. This is very exciting for Allen Press, our partners, and the entire Lawrence, KS community.”
Saddle stitching is the primary binding technique for a variety of printed materials including magazines, publications, booklets, annual reports and catalogs. The Tempo 22 can produce these materials at lightning speeds. In most cases producing booklets three times faster than normal stitching machines, while also offering inline and fully automated inkjetting, cross-strapping and shrink-wrapping options.
“We’re excited to let our customer community know about our newest acquisition and what it means for their projects. And even more new technology is coming, so stay tuned!”, said Maria Preston-Cargill, Senior Vice President, Sales and Marketing.
The Tempo 22 is expected to arrive next month with installation and testing to be completed by month-end.