Business Management - Finance/Financial

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.

For the three months ended June 30, 2013, InnerWorkings Inc. reported revenue of $210.9 million, compared to $201.4 million in the second quarter of 2012. "As expected, this wasn't a particularly strong quarter by our standards," said Joseph M. Busky, CFO. "However, we expect growth will accelerate in the second half of the year due to recent new enterprise wins, contributions from acquisitions, and the overall seasonality of our business."

Cenveo Inc. has reported its Q2 results for 2013. The company generated net sales of $415.7 million for the three months ended June 29, 2013, compared to $433.2 million for the same period last year. However, the company's envelope operations have continued to see significant improvement in direct mail as credit card mailing volumes have increased over 20 percent in the first half of the year.

Eastman Kodak reported a $157 million loss from continuing operations before provision for income taxes in the second quarter, a 49 percent improvement from the $306 million loss reported in the prior-year quarter. “In this quarter we continued our progress in recreating Kodak as a technology company focused on imaging for business, and serving customers worldwide with breakthrough solutions and enterprise services,” said Antonio M. Perez, chairman and CEO.