*GAAP net sales decreased 15.9%; non-GAAP organic net sales decreased 12.1% *GAAP income from operations was down $55.1 million versus the prior year primarily due to a $56.5 million increase in restructuring and other charges; current quarter included a charge for MEPP withdrawal obligations related to the LSC Communications (“LSC”) bankruptcy *GAAP loss per share from continuing operations of $0.13 included third quarter charges of $0.52 per share for restructuring and other *Operating cash flow, including discontinued operations, increased $40.1 million from prior year period, year-to-date improvement now at $113.0 million *Entered into definitive agreement to sell its Logistics DLS Worldwide business for $225 million, expected to close by year end *Launched plan to redeem $83.3 million of principal outstanding on Senior Notes due March 15, 2021
As the printing industry’s need for new talent intensifies, its most thoroughly conceived partnership for workforce development is making steady progress on multiple fronts.
Mariano Rivera, a legend in Major League Baseball and a philanthropist in private life, is working with printing companies and suppliers in Florida, Texas, and the Northeast to expand a vocational training program aimed at equipping underserved young people with sets of certified and highly employable job skills.
Through his namesake charitable foundation, the New York Yankees Hall-of-Famer is also building a second dedicated training center where students will receive, in addition to career education, the 1:1 mentoring experiences that Rivera and his present-day team see as equally vital to the students’ long-term success.
The first of these centers, located in Gainesville, FL, has produced its first crop of job-ready graduates. It is to be joined by a 40,000-sq.-ft. facility that the Mariano Rivera Foundation plans to break ground for in New Rochelle, NY, this spring.
A third such facility will open in Houston, TX, in June, according to Luis A. Villa (Atlantic Tomorrow’s Office), who is acting as the industry’s principal liaison to the foundation.
more at: https://www.piworld.com/article/legendary-game-saver-becomes-game-changer-print-industry-recruitment/