Huston Patterson and Sigma Graphics Merge with Lewisburg Printing Co. (LPC) (piworld.com)

Third quarter net sales were $935 million, down $14 million, or 1.5%, from the third quarter of 2016. Pro forma for acquisitions completed in the last four quarters, changes in foreign exchange rates, and pass-through paper sales, organic net sales decreased 6.6% from the third quarter of 2016. The decrease in organic net sales was due to lower volume and price declines in both the Print and Office Products segments. Third quarter 2017 net loss was $3 million, or $0.07 per diluted share, compared to net income of $38 million, or $1.17 per diluted share, in the third quarter of 2016. The third quarter of 2017 included $19 million of interest expense primarily related to debt issued in connection with the October 1, 2016 separation from RR Donnelley & Sons Company, while no interest expense was allocated to LSC Communications in the third quarter of 2016. The effective tax rate for the third quarter of 2017 reflected the impact of non-deductible goodwill impairment charges. Click Read More below for additional information.

Modern Litho, a full-service commercial and publication printer headquartered in Jefferson City, Missouri, today announces a new location for its St. Louis operation. The new facility, located at 5001 Southwest Avenue on The Hill, will accommodate more than 67,000 sq. ft. of production and administration space, and will allow for expanded services in the St. Louis market including: enhanced digital printing, expanded mailing, on-site storage, and fulfillment. “A lot has changed since 2018 when we first moved into the 5111 location. It has served us well and I believe contributed to helping us become the company we are today,” said Jeff Davidson, Owner. “We’ve experienced growth both organic and through strategic acquisition. Honoring our commitment to serving our customers means we must continue to invest in our workforce, equipment, and facilities,” Davidson went on to say. Modern Litho –St. Louis has moved from the location on The Hill at 5111 Southwest Avenue to the new facility and is operating at 5001 Southwest Avenue as of November 8, 2023.

2021 Third Quarter Results - Revenues increased by $34.2 million, or 5.8%, from $587.4 million in the third quarter of 2020 to $621.6 million in the corresponding period of 2021. Operating earnings decreased by $25.1 million, or 33.3%, from $75.3 million in the third quarter of 2020 to $50.2 million in the third quarter of 2021. Net earnings attributable to shareholders of the Corporation decreased by $20.2 million, from $48.3 million in the third quarter of 2020 to $28.1 million in the third quarter of 2021.