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.
Why are people so willing to issue debt in our industry, at such low rates, with such flimsy justification, and with such an awful track record? The premium for distressed assets is down to around 5 percent, close to a historical low. There is a LOT of dumb money, and it doesn’t seem to be getting any smarter.
HOUSTON—Consolidated Graphics announced financial results for its fourth quarter and year ended March 31, 2013. Revenue for the March 2013 quarter increased to $251.0 million, compared to $250.6 million for the same quarter last year due to a .5 percent same-store sales increase, excluding election related business.
Consolidated Graphics' Revenue for the March 2013 quarter increased to $251.0 million, compared to $250.6 million for the same quarter last year due to a .5 percent same-store sales increase, excluding election related business.
