Net sales in the quarter were $1.76 billion, down $162.4 million or 8.4% from the fourth quarter of 2017, including a $119.5 million impact from the July 2018 disposition of the Print Logistics business. On an organic basis, consolidated net sales decreased 1.2% primarily driven by lower volume, including the planned exit of low margin sourcing business, and modest price pressure in the Business Services segment. Diluted loss per share attributable to common stockholders was $0.32 in the fourth quarter of 2018 compared to $0.75 in the fourth quarter of 2017. The fourth quarter of 2018 included a $0.45 loss per share on debt extinguishments and a $0.32 loss per share for adjustments related to the Tax Cuts and Jobs Act of 2017 (“Tax Reform”). Click read more below for additional detail.
The seventh annual Inkjet Summit will be held at the Ponte Vedra Inn & Club, located here, April 8-10, 2019. The Inkjet Summit is an invitation-only, hosted event specifically designed for senior managers and business executives at printing companies and corporate enterprises who are looking to develop strategies, understand their options and make major investment decisions around production inkjet digital printing technology.
According to Inkjet Summit Conference Chair Marco Boer, of IT Strategies: “The Inkjet Summit has become the most coveted event to attend in the production inkjet business. With more than 300 participants in 2018, there is no other event where one can learn so much – from both peers and sponsors – in such a condensed amount of time.”
The pressure towards ever shorter print runs has been apparent for several years, leading many to adopt inkjet technology to increase their plant efficiencies, Boer points out. “However, there is a more recent acute pressure that makes inkjet automation the ‘must have’ next capital investment option: a lack of qualified labor to run the presses. The unique educational format of the 2019 Inkjet Summit will continue to be a win-win for both attendees and sponsors,” he says.
The goal of the Inkjet Summit is to provide attendees with a focused conference program that covers the key topics needed to understand their options, challenges, economics and critical decision-making criteria while providing valuable peer-to-peer interaction and real-life experiences. Along with that, the Inkjet Summit provides access to the key suppliers in the production inkjet space, which all play a critical role in the make-up of a successful end-to-end inkjet solution.