Heidelberg significantly improved profitability in the second quarter of financial year 2013/2014. The operating result (EBITDA) in the second quarter was above the previous year's figure. EBITDA for the first half of the year also improved considerably and was positive overall.
Results for Quad/Graphics' third quarter ending September 30, 2013, have been reported. The results include Vertis Holdings, from the day of acquisition on January 16, 2013. Net Sales for the third quarter 2013 increased to $1.2 billion versus $1.0 billion for the same period in 2012 primarily due to the Vertis acquisition.
Memphis, TN-based International Paper (IP) reported third quarter net earnings of $382 million, an increase of $145 million, or 38 percent, from the third quarter 2012 net earnings of $259 million. The earnings posted Thursday, October 24, were also a 32 percent increase from the second quarter of 2013.
As expected, International Paper had higher wood costs because of the wettest summer in the Southeastern United States in 100 years. The impact of the soaking on wood costs was even higher for the quarter than IP anticipated and created more of a headwind, although the rainfall has since moderated.
FOSTER CITY, CA—EFI announced that it has acquired the Edmonds, WA-based automated print planning and imposition technology company operating as Metrix Software.
For the quarter ended September 30, 2013, EFI has reported record third quarter revenue of $178.8 million, up 16 percent compared to third quarter 2012 revenue of $154.1 million. "With new breakthrough products across our portfolio, we expect the demand to continue as EFI's innovation helps customers around the globe win new business and boost productivity," said Guy Gecht, CEO of EFI.
For anyone who loves a story, the closure of Walla Walla’s (WA) book bindery is not exactly an unexpected ending. Nonetheless the announcement to employees and customers last week that an end is in sight was a disappointing twist.
In six to eight weeks, the bindery located just off Poplar Street will close. Work produced there will move from the hands of the 20 employees who run the facility to the company’s Chesterland, OH, bindery.
For this community, the plant closure marks the end of a decades-old tradition that started in College Place. For publishing and book binding, it represents an ever-thickening
Acording to the International Data Corp. (IDC) Worldwide Quarterly Large Format Printer Tracker, the technical segment of the large-format market is a driver of growth opportunity. This segment grew 2.4 percent year over year to more than 43,700 units shipped in 2Q13.
Aggressive actions to contain costs and increase efficiency helped prevent the U.S. Postal Service's financial loss in the third quarter of its 2013 fiscal year from being greater. Also significant were a decrease in workers’ compensation expenses due to fluctuations of discount rates.
Compared to the end of March earnings, Koenig & Bauer Group (KBA) have improved considerably after six months. The company generated a pre-tax profit of €10m in the second quarter thanks to higher sales, a profitable product mix and cost savings.
STAMFORD, CT—Cenveo Inc. released results for the three and six months ended June 29, 2013. The company generated net sales of $415.7 million for the three month segment, compared to $433.2 million for the same period last year. Cenveo generated net sales of $844.0 million for the six month measure, compared to $883.0 million for the same period last year.
