• Revenues increased by $616.3 million, or 30.7%, from $2,007.2 million to $2,623.5 million, mainly as a result of the transformational acquisition of Coveris Americas completed on May 1, 2018. This increase was partially mitigated by the sale of our local and regional newspaper media assets in Québec and the sale of the printing operations of our Fremont, California, plant. Adjusted revenues, which exclude the accelerated recognition of deferred revenues of $102.1 million, increased by $514.2 million, or 25.6%, from $2,007.2 million to $2,521.4 million. • Net earnings increased by $1.9 million, or 0.9%, from $211.5 million to $213.4 million. Adjusted net earnings, which exclude the accelerated recognition of deferred revenues, accelerated depreciation, restructuring and other costs (gains), impairment of assets, amortization of intangible assets and the reversal of the fair value adjustment of inventory sold arising from business combinations, net of related income taxes, increased by $25.7 million, or 12.0%, from $213.7 million to $239.4 million. Click read more below for additional detail.
Royle Printing is pleased to announce that Todd Gawronski is joining Royle Printing as Director of Business Development. Todd will be responsible for developing new business opportunities and creating customized solutions for our customers; specifically in the catalog and direct mail segments.
“Royle is delighted to have Todd join our team,” says Chris Carpenter, President and Owner of Royle Printing. “Todd has a great deal of experience and success in working with a variety of catalog companies, demonstrating his knowledge of design, data and robust mail plans. As we continue to grow and expand our capabilities in this niche, I’m confident Todd will become a valued resource for our clients and production team.”
Todd is a well-known resource within the catalog and direct mail markets. He brings over 25 years of sales and business development experience to Royle Printing. Most recently, Todd worked with Arandell Corporation where he was responsible for pre-qualification, client development and acquisition for retail, catalog and direct mail.
“I am very excited about joining Royle Printing,” states Gawronski. “Royle’s leadership, financial strength and company culture clearly make them standout. They are very well positioned to experience growth in the catalog and direct mail markets – I’m confident I can play a lead role in helping them accomplish this goal.”