Business Management - Finance/Financial
RR Donnelley has released its financial results for the fourth quarter 2016. The company reports that net sales in the quarter were $1.88 billion, up $67.0 million or 3.7% from the fourth quarter of 2015. This increase was primarily due to $80.4 million in net sales previously recognized by reporting units that are now part of LSC and Donnelley Financial and $14.0 million from the previously announced acquisition of Precision Dialogue, partially offset by a negative $16.1 million impact from changes in foreign exchange rates, a $6.3 million reduction related to dispositions completed earlier in the year and a consolidated net organic sales decline of 0.4%.
InnerWorkings has reported a Q4 gross profit increase of 10%, and a record $140 million in new enterprise contracts signed in 2016.
LSC Communications has reported financial results for the fourth quarter of 2016 and guidance for the full year of 2017.
Quad/Graphics, Inc. has reported fourth quarter and full-year 2016 results, with net sales of $1.2B and full-year net sales of $4.3B.
During the third quarter, Heidelberg’s operating result (EBITDA) and the net result after taxes improved further compared to the same quarter of the previous year. A large number of orders placed at drupa for presses with longer delivery times that were presented at and ordered during the trade show will be supplied on schedule in the fourth quarter. The series launch of these products at the end of the financial year will also generate higher sales and a better results than in the previous year.
Verso Corp. was approved for a six-year $1.2M tax incentive by the Ohio Tax Credit Authority, ahead of a move that consolidates its Memphis, Tenn., headquarters with its larger Miamisburg, Ohio, facility. Verso officials said that the move should be completed by the end of the second quarter, reported the Dayton Business Journal.
In 2016, the SpeedPro Imaging franchise generated $58 million in system-wide revenue, representing a 14% year over year increase.
Participants will learn the key elements of the plan to successfully transfer leadership and ownership of a printing & packaging firm.
Deluxe Corp. has announced its financial results for the fourth quarter ended December 31, 2016.
Cimpress has announced its intention to implement organizational changes that will deeply decentralize the company’s operations.