First Quarter Highlights *Delivered sales of $3.6 billion, up 18.2%, compared to the first quarter of 2021; up 17.9% on a daily, constant currency basis *Expanded gross margin by 245 bps compared to the first quarter of 2021 *Operating earnings of $534 million, up 49.2%, resulting in EPS of $7.07, an increase of 57.8% versus the first quarter of 2021 *Produced operating cash flow of $343 million, up 16.7%; returned $163 million to shareholders through dividends and share repurchases
Midland Paper, Packaging & Supplies, one of North America’s largest independent distributors of media for business communications, wrapped up a very successful Dscoop 2018 in Dallas Texas last week.
Midland Paper unveiled three unique specialty products that created new and exciting print opportunities for the Dscoop participants:
•Diamond Print Glitter – Eye catching, non-flaking, glitter paper that folds without cracking with unlimited print applications
•Blanks Plastic Paper – Unique waterproof poly film used for menus, tags, cards, POP, signage and other graphic applications
•Setalux HP – Printable book, magazine, catalog cover material as well as luxury packaging.
“All three new products created a lot of “buzz” on the showcase floor. We couldn’t keep up with the requests for samples on the Diamond Print Glitter, while the Plastic Paper and Setalux HP were extremely popular. Dscoop attendees were coming up with new applications I never even thought of”, stated Rick Keber, Senior Product Manager for Midland’s Specialty Paper & Film division.
With over $1 billion in annual sales, Midland Paper, Packaging & Supplies is one of the largest independently owned merchant distributors in North America. Midland’s access to the world’s highest quality paper mills and digital substrate manufacturers, combined with its commitment to provide excellent customer service and unmatched industry expertise, uniquely positions the company to be the future of digital media supply.