The Power of Print – The Bellytip (royle.com)

Net sales in the second quarter of 2017 were $355.0 million compared to $410.1 million in the same period last year, a decline of 13.4%. The Company generated net sales of $736.9 million for the six months ended July 1, 2017, compared to $850.6 million for the same period last year, a decline of 13.4%. The sales decline was primarily driven by: (i) lower sales in the envelope segment, primarily due to lower demand in office product and wholesale envelope product lines primarily due to marketplace trends and lower direct mail demand primarily from our financial institution customers; (ii) lower sales volumes in the commercial print group and the publisher services group, primarily driven by lower customer demand and continued pricing pressures; and (iii) lower sales in the label segment, primarily due to the decision to exit our coating operation which was completed in the second quarter of 2016, and lower sales driven by product mix changes.

Fourth Quarter Financial Highlights and Recent Events • Total revenue increased by 19.0% to $78.8 million, from $66.2 million in the fourth quarter of 2021. • Envelope segment revenue was up 30.1% to $60.7 million, from $46.7 million in the fourth quarter of 2021. • Packaging & specialty products segment revenue declined by 7.6% to $18.1 million, from $19.6 million last year, largely as a result of the wind down of Durabox and the relocation of folding carton operations. • Net Earnings increased 36.0% to $6.7 million, from $4.9 million in the fourth quarter of 2021. • Acquisitions of Royal Envelope Corporation (“Royal Envelope”), on November 1, 2022, and Impression Paragraph Inc. (“Paragraph”), on January 16, 2023.

Specialty Print Communications (SPC), a Niles, Illinois based direct mail and digital solutions provider, marked 25 years in business on May 19th with a ceremony outside its offices. From humble beginnings in 1996 as a print and promotional products provider, SPC has grown into one of the country’s largest independent marketing organizations, with nearly 400 employees providing print and digital solutions to blue chip clients in retail, etail, healthcare, financial services, automotive, travel & leisure, and other industries. To commemorate 25 years in business, SPC has partnered with One Tree Planted (www.gofundme.com), a non-profit organization focused on reforestation, which will plant 2,500 seedlings in hard-hit areas across the United States. “We really wanted to focus our positive energy outward to include our larger community.