Business Management - Finance/Financial
The reduced availability of raw materials and higher shipping and logistics costs require an adjustment in prices.
The amendment raises from 10% to 15% the level of beneficial ownership of RRD common stock.
Deluxe achieved strong cash flow, improved cash on hand and liquidity, held total debt steady, and reduced net debt.
Net sales were $706 million in Q1 of 2021, down 14% from the same period in 2020, primarily due to COVID and ongoing volume pressures.
RRD announced the pricing of an add-on offering of $50 million aggregate principal amount of the company’s 6.125% senior secured notes.
Koenig & Bauer entered 2021 on a strong note, posting a 5.3% increase in order intake over the previous year to €286.0m
On this episode of The Week that Was, RRD reported financial results for Q1; LPI purchased multiple 41″ Scodix Ultra 6000 presses; the PRC released its Financial Analysis of the USPS for 2020; and Mark Michelson discusses ENPOINTE's rebranding with the company's VP of sales and president of its agency.
RR Donnelley reported an operating cash flow $61 million better in the quarter than in the prior year, but a 3.6% decline in net sales.
RR Donnelley completed an amendment to the credit agreement for its senior secured asset-based revolving credit facility.
On this episode of The Week that Was, Editor-in-Chief Mark Michelson talks with Chris Falco about the 100% bonus depreciation allowance; RRD announced pricing of senior secured notes; we share two more Rising Stars; and the PRINTING United Alliance Premier PRINT Awards competition is now open!