Print Sales and Both Indicator Indexes Accelerate, But Printing Industry Hiring Shortage Remains (piworld.com)

Huston Patterson and Sigma Graphics, leading suppliers of high-graphic printed materials, announced the companies have merged with Lewisburg Printing Company (“LPC”). LPC, a portfolio company of Radial Equity Partners, manufactures printed materials and packaging for a broad range of markets, including personal care, food & beverage, healthcare, and other consumer markets. Terms of the transaction were not disclosed. Founded in 1895 in Decatur, IL, Huston Patterson manufactures printed materials for the packaging and point-of-purchase markets. The company is a G7 Master Printer with a broad range of capabilities including large and small format lithographic and digital printing as well as value-added prepress and finishing services. The company provides unparalleled value and performance through the effective use of both technology and craftsmanship. Sigma Graphics, located in Ottawa, Illinois, is Huston Patterson’s specialty products division.

Quantum Group, a trusted expert in commercial and digital printing, direct mail, and fulfillment, continues to expand its print technology leadership through its investment in an HP PageWide Web Press T240 HD. This latest technology offers a digital print engine that delivers unprecedented versatility and color-consistency combined with the agility to deliver personalized communications cost-effectively. With the ability to print 4/4 images at 500 feet per minute the production capabilities of this new printer are vast. “Today’s commercial print providers require a combination of offset-class print quality, productivity, and media versatility, along with the unique capabilities and efficiency of digital printing,” says Avi Basu, Americas director of marketing, HP Graphics Solutions Business. “Quantum’s investment will enable their clients to experience the benefits of digital printing, whether they are printing hundreds or hundreds of thousands, using Quantum’s multiple HP platforms from sheetfed Indigo to HP PageWide Web presses.” Click Read More below for additional detail.

The Company’s revenues for the first quarter ended May 31, 2022 were $107.7 million compared to $96.9 million for the same quarter last year, an increase of $10.8 million, or 11.1%. The increase includes revenue contribution of approximately $1.9 million from AmeriPrint, an acquisition completed on May 31, 2021. Gross profit margin was $34.0 million, or 31.6%, as compared to $29.2 million, or 30.1%, for the same quarter last year. Net earnings for the quarter were $11.6 million, or $0.45 per diluted share, as compared to $7.3 million, or $0.28 per diluted share, for the same quarter last year.