Electronics For Imaging, Inc. announced its results for the fourth quarter and year ended December 31, 2018. For the three months ended December 31, 2018, the Company reported revenue of $256.9 million, down 5% compared to $269.2 million for the same period in 2017. GAAP net loss was $3.1 million compared to GAAP net loss of $26.3 million for the same period in 2017 or $(0.07) per diluted share compared to $(0.58) per diluted share for the same period in 2017. Non-GAAP net income was $20.5 million, down 14% compared to $24.0 million for the same period in 2017 or $0.46 per diluted share, down 12% compared to $0.52 per diluted share for the same period in 2017. Cash flow from operating activities was $33.4 million, 162% of non-GAAP net income compared to $8.9 million, 37% of non-GAAP net income during the same period in 2017. For the year ended December 31, 2018, the Company reported revenue of $1.02 billion, up 2% compared to $993.3 million in for the year ended December 31, 2017.
North American Communications (NAC), a printing, mailing and fulfillment operation that billed itself as one of the largest bi-national, fully integrated direct mail printing operations in North America, suddenly closed its Duncansville, Pa., headquarters location on Monday, May 20, resulting in job losses for the 201 employees who worked at the 180,000-sq.-ft. Duncansville production facility.
NAC’s portfolio of direct mail services included envelope production, forms and commercial printing, data processing, imaging, bindery, lettershop, mailing and commingling. It serviced high-volume direct mail marketers within several vertical markets, including financial services, insurance, health care and nonprofits. In addition, in recent years NAC had ventured into high-speed inkjet printing, operating Océ ColorStream continuous-feed inkjet presses from Canon Solutions America for color variable digital output.
more at source: https://www.piworld.com/article/venerable-direct-mail-printer-north-american-communications-closes-suddenly-resulting-in-loss-of-200-jobs/