Phoenix Color Acquires Moore-Langen Printing from LSC Communications

Summary Results: Net earnings improved during the third quarter of 2017 to $20 million, a $9 million year-over-year increase, despite a 4.8% decrease in net sales to $1.0 billion. Organic sales decreased 3.7% due to ongoing industry volume and pricing pressures after excluding pass-through paper sales (-1.2% impact) and foreign exchange (+0.1% impact), and is consistent with the Company’s previous guidance. Diluted earnings per share for the third quarter of 2017 improved to $0.38 compared to $0.22 in 2016 primarily due to lower depreciation and amortization, and cost reductions and productivity improvement activities. Third quarter 2017 Non-GAAP Adjusted EBITDA decreased to $116 million compared to $122 million in 2016; however, due to ongoing productivity improvements and sustainable cost reductions, the Company was able to keep Adjusted EBITDA margin flat year-over-year at 11.5%. Net earnings improved for the nine months ended September 30, 2017, to $52 million, a $45 million increase from 2016, despite a 5.2% decrease in net sales to $3.0 billion. Organic sales decreased 3.7% due to ongoing industry volume and pricing pressures after excluding pass-through paper sales (-1.4% impact) and foreign exchange (-0.1% impact). Diluted earnings per share improved to $1.01 during the nine months ended September 30, 2017, compared to $0.15 in 2016. Year-to-date Non-GAAP Adjusted EBITDA was $334 million, a 1.8% decrease from 2016, and Adjusted EBITDA margin improved to 11.2% as compared to 10.9% in 2016. Click Read More below for additional information.

Johnson & Quin is expanding its capacity to produce full color personalized direct mail packages by adding additional color printing, folding, and inserting equipment at its facility in Niles, Ill., north of Chicago. Johnson & Quin’s clients are seeing increased response when mailing packages with more personalization in color and, as a result, are mailing increased volumes. Based on this higher demand, the company is adding MBO High-Speed Folding Systems, Pitney Bowes Mailstream Direct Ultra-High-Speed Inserters and MCS Condor Color Inkjet Envelope Printers. “With over 40 years of direct mail production experience, Johnson & Quin continues to implement new technology and increase capacity to provide clients with high quality direct mail production to make their marketing programs successful,” said Andrew Henkel, Vice President & Principal at Johnson & Quin. “The addition of this new equipment in combination with high-speed color inkjet presses allow us to produce high volume direct mail programs with full color personalization in quick time frames.”

Allen Press, Inc. is pleased to announce that Paula Gibbs has been promoted to Sales Executive. Gibbs joined Allen Press in February 2017 as an Account Manager. As Sales Executive, Gibbs will lead sales efforts in the eastern Kansas region, including Lawrence, Kansas City, Topeka and Manhattan. Gibbs will work closely with the Allen Press marketing and operations teams with a focus on growing digital printing, direct mail and marketing communications services. “It’s our goal to be a printing, direct mail and marketing leader in Lawrence and the surrounding areas. Paula is a natural fit to build community relationships and to help local businesses grow,” said Maria Preston-Cargill, Allen Press Senior Vice President of Sales and Marketing. “Paula’s experience in multiple areas of the industry and her enthusiasm for printing will serve her and her customers well as she takes on this new role.” Click Read More below for additional information.