Second Quarter 2017 Highlights • Revenue increased 7.7% year-over-year, driven by Small Business Services which grew 5.1% and includes the results of several small tuck-in acquisitions and from growth in Financial Services of 18.9% driven by the results of FMCG Direct and Data Support Systems, which were acquired in the fourth quarter of 2016 and RDM Corporation, which was acquired in April 2017. • Revenue from marketing solutions and other services increased 26.3% year-over-year and grew to 38.2% of total revenue in the quarter. • Gross margin was 63.1% of revenue, compared to 64.5% in the second quarter of 2016. The impact of acquisitions, increased delivery and material costs this year, and a favorable adjustment from an environmental reserve in 2016, were only partially offset by previous price increases and continued improvements in manufacturing productivity. Click Read More below for additional details.
Royle Printing is pleased to announce that Mike Sipala is joining Royle Printing as a senior account executive. Mike will be responsible for developing and enhancing business opportunities in the Northeast corridor, specifically in the catalog and direct mail segments.
“Royle is delighted to have Mike join our team,” says Chris Carpenter, president and owner of Royle Printing. “Mike has a wealth of experience and success in working with a variety of catalog companies, sharing partnerships with some of most prominent names in the catalog industry. As we continue to grow and expand our capabilities in this niche, I’m confident Mike will play an important role in helping us grow the business.”
Mike is a well-known resource within the catalog and direct mail markets. He brings more than 35 years of sales and business development experience to Royle Printing. Most recently, he worked with Arandell Corporation, developing and managing a number of client partnerships. Mike has also worked closely with Nahan Printing, serving in a similar capacity.
“I am very excited about joining Royle Printing,” states Sipala. “Royle’s financial strength, company culture and ambitions for growth really impressed me. They are very well positioned to experience growth in the catalog and direct mail markets – I’m confident I can play an important role in helping them accomplish this goal.”