Net sales in the quarter were $1.71 billion, up $48.9 million or 2.9% from the first quarter of 2017. On an organic basis, consolidated net sales increased 1.3% driven by higher volumes in both segments as well as higher fuel surcharges in Business Services, partially offset by price pressure in Business Services. From a products and services perspective, Packaging, Logistics, Direct Mail and Business Process Outsourcing accounted for most of the increase while Commercial Print was down due to ongoing secular pressure and lower specialty card sales. Gross profit in the first quarter of 2018 was $294.7 million or 17.3% of net sales versus $326.8 million or 19.7% of net sales in the prior year quarter. The favorable impact of volume growth and cost reduction initiatives was more than offset by inflationary increases, primarily in paper and costs of transportation, unfavorable changes in foreign exchange rates, operational inefficiencies due to volume reductions from two clients and modest price pressure. Click Read More below for additional information.
SCREEN Americas announces the installation of the Truepress Jet520HD AD at MSP, of Bloomsburg, Pennsylvania. The installation of the high-definition inkjet web press with an advanced drying unit, the Truepress Jet520HD AD will join the Truepress Jet520NX in the company’s 100,000-square-foot facility. The new SCREEN press replaces MSP’s original Truepress Jet520S and Truepress Jet520ZZ models. With this latest installation, MSP plans on eliminating its offset lithographic equipment entirely.
The ability to put multiple jobs on one roll combined with a one-touch operation has proven to be both profitable for the printer and beneficial to the customer allowing MSP to effortlessly convert more than 100 of its clients over to SCREEN’s technology. The company’s chief operating officer, Doug Wright, expects that with the installation of the Truepress Jet520HD AD, the few remaining clients he has on lithographic presses will soon make the switch to digital inkjet technology.
more at: https://www.piworld.com/article/pennsylvania-printer-msp-installs-screen-truepress-inkjet-press/