Graphic Systems Services to Participate at the The IJC USA Annual Inkjet Conference in Chicago

We are thrilled to announce our remarkable success in the 2024 Graphics Excellence Awards (GEA) competition hosted by The Great Lakes Graphics Association (GLGA). This prestigious recognition highlights our unwavering dedication to excellence and innovation in the printing industry. We’re proud to share that we’ve received not just one but two prestigious awards in this year's competition. Our team is pleased to receive a Best of Division Award for Texas Parks & Wildlife’s Special Anniversary Issue and an Award of Excellence for Destination Madison’s Visitor Guide, reaffirming our commitment to delivering top-notch quality and service to our clients. The judging process, which took place from March 13-15, 2024, was conducted by a panel of independent judges carefully selected for their extensive expertise in printing, packaging, and print production. The GEA competition stands as one of the largest regional printing competitions in the nation, making this achievement all the more meaningful.

Revenues decreased by $142.3 million, or 18.5%, from $767.4 million in the second quarter of 2019 to $625.1 million in the corresponding period of 2020. This decrease is largely due to the impact of the disposal of our paper packaging operations ($70.8 million), which were sold at the end of the first quarter of 2020, and a decrease in volume in the Printing Sector, mostly due to the impact of the COVID-19 pandemic in April 2020. The sale of the specialty media assets and event planning activities also contributed to this decrease. The organic decline in the Packaging Sector of $7.0 million, or 1.7%, is mainly due to the decrease in raw material costs. Operating earnings increased by $1.0 million, or 2.3%, from $43.1 million in the second quarter of 2019 to $44.1 in the second quarter of 2020 following a decrease in restructuring and other costs. Adjusted operating earnings decreased by $15.1 million, or 18.1 %, from $83.6 million in the second quarter of 2019 to $68.5 million in the second quarter of 2020. This decrease is mostly attributable to lower revenues in the Printing Sector. In addition to cost reduction measures related to COVID-19, the operational efficiency initiatives introduced early in the fiscal year helped to mitigate this decline. The Printing Sector's adjusted operating earnings margin decreased from 16.6% in the second quarter of 2019 to 14.9% in the second quarter of 2020. Net earnings attributable to shareholders of the Corporation increased by $3.4 million, or 15.2%, from $22.3 million in the second quarter of 2019 to $25.7 million in the second quarter of 2020. This increase is mainly attributable to the stability of operating earnings combined with the decrease in net financial expenses resulting from a reduction in net indebtedness during the year.

Expanding its range of in-mould label products and presenting non-UV print shops the ability to compete in this growing segment, Flint Group today announces the global availability of Novastar® D 2000 IML BIO for metallised paper and non-absorbent substrates. According to Jürgen Riedlinger, Director Global Product Management, Sheetfed, “Over the last 5 to 6 years global production of in-mould labels has grown at around 4% per year, due in part to the ability of the technology to enhance the product visibility and brand identification in the market. And we believe in-mould labelling will continue to grow significantly as the manufacturing efficiencies and visual quality it brings gets wider endorsement. Currently in-mould accounts for less than 3% of all labelling, so there is plenty of room for it to grow.” Click Read More below for additional information.