Arandell Job Fair

They all love to read! This past month Thomson Reuters partnered with the Minnesota Vikings to bring back the Scholastic Book Fair to Highwood Elementary and Barack and Michelle Obama Elementary schools. There was lots of fun to be had at the book fair. Viktor, the Viking mascot, made an appearance and signed copies of Where’s Viktor’s Mustache that the children could take home along with three other books of their choice. Alongside the players and coaches, Steve Zweber, Director of Manufacturing & Fulfillment at Core Publishing Solutions, was there. Steve was grateful that he was able to attend and help further a love of reading in the community.

Despite the popularity of digital platforms, print is still alive and well – and it’s ripe for innovation. Nowhere is that more evident than with production inkjet printing. Offset printing continues to occupy the largest segment in the printing technology space, but production inkjet printing is growing in popularity among book printers, direct mail providers and marketers looking for cost-effective ways to create customized content and/or respond dynamically to consumer demand. “Print buyers are interested in smaller print runs with hundreds or thousands of pieces instead of tens of thousands or more. And they want variable data and customization capabilities so they can run more targeted campaigns and niche promotions,” says Meredith Collins, channel marketing manager for Domtar Paper. “Advancements in production inkjet printing mean you can now do all of that with greater flexibility.”

Financial Summary *$1.78 billion of revenue in Q4, down 7.9 percent year-over-year, or down 7.4 percent in constant currency; $7.04 billion of FY revenue, up 0.2 percent year-over-year, or down 1.4 percent in constant currency. *Q4 and FY GAAP (loss)/earnings per share (EPS) of $(3.97) and $(2.56), down $4.33 and $3.40 year-over-year, respectively. Both Q4 and FY GAAP EPS include an after-tax non-cash goodwill impairment charge of $750 million or $4.38 and $4.08 per share, respectively. *$198 million of operating cash flow in Q4, down $37 million year-over-year; $629 million of FY operating cash flow, up $81 million year-over-year. *$182 million of free cash flow in Q4, down $39 million year-over-year; $561 million of FY free cash flow, up $87 million year-over-year. *Delivered $375 million of targeted 2021 gross cost savings through Project Own It, or $1.8 billion since inception. *Returned more than $1 billion to shareholders, close to double FY 2021 free cash flow.