Consolidated Graphics

For the most part, coated and uncoated offset papers run reasonably well on toner-based digital systems but, with inkjet, it's a whole different ball game. Inkjet inks have a high water content, and tend to soak into uncoated papers or sit up on coated papers where they may smear.

Chairman and CEO Joe Davis has spent $5.46 million to buy more Consolidated Graphics Inc. stock, according to an SEC filing. He added to an $18.97 million purchase in May, as citybizlist reported. Davis last week bought 145,821 shares in the Houston-headquartered commercial printer at $37.49 apiece.

It will install a new six-unit Goss M-500 press and IWEB finishing system later this year at its Lancaster, OH facility. One of the first printers in the United States to specialize in web offset production with inline finishing, the press is being added to a lineup of 13 heatset web presses already in use at the facility.

Revenue for the quarter was $236.7 million, a 4.8% increase compared to the prior year quarter. Adjusted Net Income was $4.9 million, compared to $.6 million for the prior year.

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Printing is still part of the solution at Consolidated Graphics (CGX), the $1.2 billion commercial kingpin based in Houston. But people are an even bigger part. Joe Davis, president and CEO of the 10th largest printing enterprise in North America, likes to surround himself with energetic, enthusiastic and intelligent folks.

I am coaching a number of sales reps who are being forced to partake in their company’s CRM software. You’d think they were being tortured in some Iranian prison by the way they talk about how much they cannot stand recording every inane detail.

Frederic Printing will use the inkjet production system to produce print on-demand (POD) textbooks, direct mail pieces and election ballots.

HOUSTON—Consolidated Graphics (CGX) announced that Hickory Printing Solutions, a Consolidated Graphics company, has acquired certain assets of The Hickory Printing Group headquartered in Conover, NC. Hickory Printing was founded in 1917 and grew to be one of the largest commercial printers in the southeastern United States. Terms of the transaction were not disclosed.

George B. Glisan and Jeffrey A. Hale will reprise their roles as CEO and CFO, respectively, with the new Hickory Printing Solutions.