Revenue for the quarter was $251.6 million, down 15% compared to the same quarter last year. On a sequential basis revenue increased 11.4% compared to the first quarter of 2009 and operating income and earnings per share also improved significantly.
Consolidated Graphics (CGX), based here, announced that its St. Louis-based Nies/Artcraft subsidiary has acquired certain assets of The Kohler Print Group and Pinnacle Press, which is also headquartered in St. Louis. Following the completion of the transaction, Nies/Artcraft will do business as Nies/Kohler. Terms of the deal were not disclosed.
HOUSTON—Consolidated Graphics announced that its St. Louis-based Nies/Artcraft subsidiary has acquired certain assets of The Kohler Print Group and Pinnacle Press, which is also headquartered in St. Louis.
Following the completion of the transaction, Nies/Artcraft, Inc. will do business as Nies/Kohler. Owners Kevin, Kent and Keith Kohler and certain other employees of the Kohler Print Group have joined Nies/Kohler.
The two Xeikon 5000plus digital color presses are in addition to the Xeikon 6000s that CGX has already been using to produce high quality dust jackets for photo books.
The publishers of National Geographic have teamed up with Consolidated Graphics (CGX) and its HP Indigo digital printing capabilities to put a personal touch on their storied magazine.
IN A SENSE, Janet Green could be described as a drama queen. But fate has cast her as a printing kingpin. The CEO of Irvine, CA-based Greens Printing longed to be a star of stage and screen. So destined for an acting career was Green that upon graduating high school, she already had numerous credits in stage, musical theater and television commercials.
DENVER—Frederic Printing, a Consolidated Graphics company, has installed an HP Inkjet Web Press, the second press of its kind installed worldwide. The press’ 400 fpm speed and 30˝ size enable the firm to produce full-color maps, personalized direct mail and other commercial print products that require high throughput rates. The press provides Consolidated Graphics with quick turnaround and low-waste capabilities in mainstream book manufacturing.
Frederic Printing, a Consolidated Graphics company in Denver, has installed an HP Inkjet Web Press, only the second install worldwide. It plans to use the press to produce full-color maps, personalized direct mail and other commercial print products that require high throughput rates.
Consolidated Graphics, Inc. reported revenue for the June quarter was $225.9 million, down 21% compared to the same quarter last year. Operating income declined to $.9 million in the June quarter compared to $20.0 million last year due to the lower revenues and a more difficult operating environment.
