Supremex Inc. announces the bolt-on acquisition of Vista Graphic Communications, LLC, an Indianapolis, Indiana based provider of print and folding carton packaging. “This turn-key operation brings us closer to our growing e-commerce customer base in the U.S. and provides us with much needed print and converting capacity to meet existing and growing demand for our customized patent-protected e-commerce packaging solutions,” said Stewart Emerson, President & CEO of Supremex. “Vista is strategically located, employs a skilled workforce, and with modest planned equipment additions we can quickly build a fully-integrated e-commerce packaging hub.” Vista Graphic Communications, LLC is a printing and packaging solutions manufacturer focused on highly customized folding cartons and micro flute packaging. The Company was founded by Tim Rolfsen in 1985, runs two full production lines, including 40” litho presses, die-cutting and gluing, and serves clients primarily in the medical, dental and publishing markets.
Electronics For Imaging, Inc. (Nasdaq:EFII), a world leader in customer-focused digital printing innovation, today announced its results for the fourth quarter and year ended December 31, 2017.
For the quarter ended December 31, 2017, the Company reported record fourth quarter revenue of $269.2 million, up 1% compared to fourth quarter 2016 revenue of $266.7 million. GAAP net loss was $25.4 million compared to GAAP net income of $19.9 million for the same period in 2016 or $(0.55) per diluted share compared to $0.42 per diluted share for the same period in 2016. Non-GAAP net income was $24.0 million, down 33% compared to non-GAAP net income of $35.7 million for the same period in 2016 or $0.52 per diluted share, down 31% compared to $0.75 per diluted share for the same period in 2016. Cash flow from operating activities was $8.9 million, down 86% compared to $65.2 million during the same period in 2016.
For the year ended December 31, 2017, the Company reported revenue of $993.3 million, up 0.1% year-over-year compared to $992.1 million for the same period in 2016. GAAP net loss was $14.4 million or $(0.31) per diluted share, compared to GAAP net income of $44.9 million or $0.94 per diluted share for the same period in 2016. Non-GAAP net income was $100.7 million or $2.14 per diluted share, compared to non-GAAP net income of $116.2 million or $2.43 per diluted share for the same period in 2016. Cash flow from operating activities was $51.3 million, down 58% compared to $121.0 million during the same period in 2016.
“The performance of our direct business drove record quarterly and full year revenue for EFI. We look for this growth from inkjet and software to accelerate in the first quarter,” said Guy Gecht, CEO of EFI. “Having just finished a very exciting Connect Users’ Conference, the EFI team is energized as we enter 2018, with a year full of new product introductions across the Company and Nozomi on track for a strong first year in the corrugated market. We are well positioned to help customers transform their businesses,” concluded Mr. Gecht.
more detail at: http://ir.efi.com/news-releases/news-release-details/efi-reports-record-revenue-fourth-quarter-and-full-year-2017