Mid America Display, the custom product display and signage division of St. Louis corrugated packaging provider Boxes, Inc., is expanding its leading-edge digital production packaging supply chain and display graphics operations with the purchase of a second ultra-high-speed EFI™ Nozomi C18000 single-pass inkjet, direct-to-board digital printer; EFI MarketDirect PackCentral software; and an EFI VUTEk® superwide-format printer from Electronics For Imaging, Inc. When the new single-pass solution is installed later this month, Mid America Display will be the first company in the world to operate two Nozomi C18000 printers in a single production facility. The company will unveil its second ultra-high-speed single-pass corrugated printer during a Dec. 4 open house event. The 71-inch wide, LED-inkjet Nozomi C18000 is a groundbreaking production device that has earned multiple industry awards for its high quality, efficiency and productivity. According to Mid America Display and Boxes, Inc. CEO Mike Patton, it brings greater digital capacity and redundancy to the company’s offerings, meeting growing demand across all market segments.
By the end of 2019, Hobby Lobby will have 900 craft stores in the United States. In order to meet the printing requirements for the future expansion, Hobby Lobby Printing replaced an older press with a Heidelberg Speedmaster XL 106 four-color press with UV technology. The Peak Performance technology together with the right Saphira consumables and the comprehensive analytic capabilities of the Heidelberg Assistant ensures a significant rise in productivity. With the Heidelberg Assistant , Heidelberger Druckmaschinen AG (Heidelberg) customers benefit from full process transparency as well as smart and efficient operation of their print shop – the Smart Print Shop. With 18,000 sheets per hour, the Speedmaster XL 106 offers high productivity and the highest level of automation on the market. Prinect Inpress Control 2 , the inline color measurement system for color and register control, guarantees maximum efficiency through fully automatic setup and measurement of each printed sheet. This means that even complex job changes can be tackled at high speeds. At Hobby Lobby, the first measurement results are available after just a few sheets, and the job is ready to go in under a minute. “The Speedmaster XL 106 is fantastic. Instantly we tripled our production compared with our last press,” explains Dave Dunn, Print Shop Manager at Hobby Lobby. “The printing press is fast, and the color quality is outstanding.” The innovative Push to Stop operating concept and the integrated Prinect workflow means that autonomous printing is possible.
Quad/Graphics, Inc. announced that it is a founding member of Forests in Focus, a sustainability initiative from GreenBlue, an environmental nonprofit dedicated to the sustainable use of materials in society, and the American Forest Foundation (AFF), a conservation organization that works with family landowners in the United States. Forests in Focus helps members identify family-owned forests as a source for sustainable wood fiber, the raw material used to make paper and packaging. Forests in Focus was developed by GreenBlue and AFF in partnership with the U.S. Department of Agriculture’s Forest Service and the Environmental Systems Research Institute. In addition to Quad, Forests in Focus is supported by several multi-national companies that share a passion for sustainability, including McDonald’s, Target, Mars Incorporated, Staples, Domtar, Georgia-Pacific, Sappi, WestRock and Weyerhaeuser.
Third quarter net sales were $834 million, down $181 million, or 17.9%, from the third quarter of 2018. After adjusting for acquisitions, dispositions, changes in foreign exchange rates and pass-through paper sales, organic net sales decreased 9.3% from the third quarter of 2018. The decrease in organic net sales was largely due to the ongoing impact of digital substitution on magazine and catalog volume and lower education book volume driven by earlier back-to-school production that benefitted the first half of 2019. The third quarter 2019 net income was $24 million, or $0.69 per diluted share, compared to net loss of $4 million, or $0.12 per diluted share, in the third quarter of 2018. The third quarter 2019 net income included the $45 million pre-tax merger termination fee received from Quad Graphics ($34 million net of tax) partially offset by other after-tax charges of $8 million. The third quarter 2018 net loss included after-tax charges of $29 million. These items are excluded from the presentation of non-GAAP net income. Additional details regarding the amount and nature of these adjustments and other items are included in the attached schedules.
Utah PaperBox recently invested in the Fujifilm J Press 720S sheetfed production inkjet press and has experienced an immediate boost in sales, in addition to furthering its commitment to long-term strategy and its customer base. Speed to market is imperative,” says Salazar. “We quickly print exact sample prototypes from the J Press, and are absolutely confident of the quality when we show it to the client for approvals. Not one prototype has been rejected, because the client knows exactly how their product will look. That is our competitive advantage.” Utah PaperBox has clients that have previously asked for ‘test market’ boxes upwards of 5,000 pieces. “To run that job on an offset press, the upfront cost for our clients didn’t justify the risky investment to see if it will sell on their-end,” said Salazar. “With the J Press we are able to fulfill these types of jobs for our clients with a fair price and quick turnarounds.”
Friesens Corporation, Canada's largest printer of hardcover books, is investing in two new industrial-scale HP Indigo 50000 Digital Presses to extend its leadership in book printing with a more flexible, cost-efficient production platform, as it shifts more capacity to digital production. Installation of the first unit was completed this week at the Friesens printing facility in Altona, Manitoba. The oversized B1 (30-inch) duplex, roll-to-roll HP Indigo 50000 Digital Press is the first in this digital productivity class to be installed in Canada.
A Philadelphia enterprise that printed more than a billion Bibles since its founding during the Civil War says its Northeast Philadelphia plant will be closed by Christmas. LSC Communications of Chicago plans to shut the printing plant at 11311 Roosevelt Blvd. and lay off 174 workers. The company is consolidating Bible production at another plant it owns near Crawfordsville, Ind., and moving some of the Philadelphia presses there, according to people who work at the plant.
Net sales in the quarter were $1.62 billion, down $30.1 million or 1.8% from the third quarter of 2018. The decrease includes a $13.4 million impact from recent business dispositions and a $10.5 million reduction due to changes in foreign exchange rates. On an organic basis, consolidated net sales decreased 0.4%. The Marketing Solutions segment grew 19.9% organically driven by higher volume in the Direct Marketing and Digital Print and Fulfillment product categories. Income from operations was $73.8 million in the third quarter compared to $60.9 million in the third quarter of 2018. The third quarter of 2019 included a pre-tax restructuring benefit of $2.3 million primarily due to a pre-tax gain of $4.7 million from the sales of restructured facilities.
Results for the nine months ended September 30, 2019, included: • Net Sales (excluding discontinued operations) were $2.9 billion in both 2019 and 2018. Organic sales declined 2.6% after excluding sales related to the acquisitions of Ivie and Periscope, and an investment in Rise Interactive. The organic results reflect new sales generated from the Company’s Quad 3.0 transformation strategy, offset by ongoing print industry volume and pricing pressures, and a negative 0.7% impact from foreign exchange. • Net Loss Attributable to Quad Common Shareholders was $164 million in 2019, as compared to net earnings of $29 million in 2018 and includes a $101 million loss from discontinued operations. Net loss from continuing operations was $63 million, as compared to net earnings from continuing operations of $41 million.
Paragon Group (Paragon), the leading provider of Customer Communications, Identification and Graphics Services in Europe, and R.R. Donnelley & Sons Company announced today that Paragon has acquired RRD’s European Global Document Solutions (GDS) business, headquartered in the UK, for an undisclosed amount. GDS provides document management services and solutions. The transaction closed on October 25, 2019. GDS has locations in the UK, France, Spain, Germany, Netherlands, Poland and Italy and employs approximately 1,500 people. GDS’ net sales were approximately $270 million in 2018.