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.
According to Joel Quadracci, Quad/Graphics chairman, president and CEO, second quarter results were consistent with expectations, and the company is on track to achieve its 2013 objectives. The reported results include Vertis from the day of acquisition on January 16, 2013.
Semper International has reported an industry sales boost during the last half of the second quarter of 2013. Semper's most recent quarterly survey, that highlights trends in the printing and graphics industries, reveals a positive outlook and improved sales.
Courier Corp. has released its results for the quarter ended June 29, 2013, the third quarter of its 2013 fiscal year. Revenues were $64.1 million, up 9 percent from last year’s third-quarter revenues of $58.9 million. Net income for the quarter was $1.7 million or $.15 per diluted share, up from $1.6 million or $.13 per diluted share in last year’s third quarter.
According to Robert Keane, president and CEO of Vistaprint, fiscal year 2013 was a year with mixed financial results for the company. “Our total revenue performance was disappointing relative to our expectations 12 months ago. Though our revenue growth in North America was strong with good execution of our strategic and financial objectives, our growth in Europe and Australia was weaker than expected."
R.R. Donnelley & Sons Company reported financial results for the second quarter of 2013. Net sales in the quarter were $2.6 billion, up $43.0 million, or 1.7 percent from the second quarter of 2012 due to the impact of 2012 acquisitions and volume growth in the U.S. Print and Related Services segment.
For the quarter ended June 30, 2013, Electronics For Imaging reported record revenue of $180.3 million, up 10 percent compared to second quarter 2012 revenue of $163.9 million.
The New York Stock Exchange (NYSE) has determined to commence proceedings to delist Verso Paper's common stock from the NYSE due to Verso's failure to satisfy the NYSE's continued listing standard relating to market capitalization. Under the NYSE's rules, Verso has the right to a review of the NYSE staff's delisting determination by a committee of the board of directors of the NYSE.
