First Quarter Highlights: • Delivered net sales of $1.0 billion. • Achieved Adjusted EBITDA of $120 million, representing a $17 million increase over prior year. • Realized Adjusted EBITDA margin of 11.5% compared to 9.5% in 2015. • Generated Free Cash Flow of $86 million, representing a $64 million increase over prior year. • Improved Debt Leverage Ratio to 2.62x as of March 31, 2016, reduced from 2.88x as of December 31, 2015. • Declared quarterly dividend of $0.30 per share.
DNI Corp., the Nashville-headquartered print and mail solutions company now in its 35th year, is accelerating its investment in advanced production technology with the purchase its first inkjet press: a leading-edge SCREEN Truepress Jet520S.
Experiencing steady growth over the past several years, company owner, Jono Huddleston, and president, Andrew Honeybone, attribute the increased sales to a number of factors that include penetration in a wider scope of industry segments and the addition of an electronic bill presentment and payment technology platform. But perhaps the biggest contributor to DNI’s success is the company’s culture of putting customers first. In order to continue on its growth path, the company recently procured the new SCREEN Truepress Jet520S inkjet press.
“We are working to help our customers be efficient, cost effective and competitive. We want them to consider us a one-stop shop delivering the leading quality and response time they expect,” Honeybone explained. “The investment in new equipment not only broadens our capacity, but solidifies a level of quality, speed and efficiency that will allow DNI to deliver enhanced value on products and services that clients increasingly depend on us to support.”
With the start-up of the SCREEN Truepress Jet520S press, DNI can deliver even more impactful communications for customers. Specifically, the Truepress Jet520S press is a roll-fed, drop-on-demand inkjet production press that delivers among the highest resolutions available for full-color images and personalization of direct mail pieces and transactional documents.
In late 2018, upon completion of thorough due diligence and an in-depth selection process to identify the ‘right’ manufacturing partner and technology, DNI decided to expand the company’s foundation for continued growth and extend its print value chain as a one-source solution to save its clients time and money.
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