Printing Industry Hall of Fame Inductee Chris Carpenter, of Royle Printing, Builds Relationships Upon Respect (piworld.com)

Q3 Key messages *GAAP net sales, including the impact of foreign exchange, increased 6.4%; Non-GAAP organic net sales increased 5.5%; largely driven by strengthening demand for many of the Company’s products and services *GAAP and Non-GAAP income from operations exceeded prior year; both benefitted from higher sales and strong cost management despite supply chain challenges and inflation *GAAP operating margin improved 450 bps while Non-GAAP improved by 20 bps *GAAP earnings per share from continuing operations of $0.38 and Non-GAAP adjusted earnings per share from continuing operations of $0.57, both improved significantly from prior year *Cash used in operating activities during the nine months ended September 30, 2021 was $29 million compared to cash provided by operating activities of $25 million in the prior year period; current year results reflect working capital investments due to increased volume and inflation in addition to $33 million paid earlier this year to settle LSC bankruptcy-related claims and terminate certain interest rate swap agreements *Gross leverage ratio of 3.7x improved 1.0x from September 30, 2020; net leverage ratio of 3.2x improved 0.5x from the same period last year

TC Transcontinental announces the retirement of Brian Reid, President of TC Transcontinental Printing, following an outstanding career of 41 years with the company. He will be leaving his position October 30 and staying on until the end of January 2023 to facilitate the transition. Effective October 31, Senior Vice Presidents Nick Cannon, Patrick Brayley and Pierre Deslongchamps will take on expanded roles, reporting to Peter Brues, President and Chief Executive Officer. “It has been a great ride, more than 40 amazing years at TC Transcontinental. I leave with confidence in the future of the Printing Sector, a solid business with long-standing customers, large and small, and a highly talented, engaged and experienced team”, said Brian Reid, President, TC Transcontinental Printing. “I am grateful to our employees who, day in and day out, through their relentless work, make a difference for TC Transcontinental and its customers. It has been a privilege to be part of such a great company during all these years, and I thank our customers, the Board of Directors and the Marcoux family for their confidence.”

Sun Chemical will increase prices across its entire portfolio of publication, packaging and commercial sheetfed inks, coatings, and adhesives in North America, effective immediately. The inflationary cost trends in raw materials used within the ink industry have continued to accelerate throughout the course of the year. In addition to the raw material pressures, significant cost increases have been instituted in steel drums, pails, and other packaging components. Availability of skilled labor remains a challenge and in order to attract and retain a committed team, labor costs and benefits have risen exponentially. International and domestic logistics costs have continued their steady climb and forecasts show no change in these trends in the near term. “Sun Chemical’s top priority throughout 2021 has been to maintain the supply of our products to our customers. We have absorbed the higher costs of expedited freight, raw materials and other key inputs in order to achieve that objective,” said Chris Parrilli, President of North American Inks.