Presstek Expects to Report Stronger Than Anticipated Fourth Quarter 2011 Revenue
GREENWICH, CT—Jan. 11, 2012—Presstek, Inc. (NASDAQ: PRST), a leading supplier of digital offset printing solutions to the printing and communications industries, today announced that it expects to report revenue in the range of $29.2 million to $29.7 million for the fourth quarter of 2011. This would represent an increase of 8.5-10.4 percent from third quarter 2011 revenue. The company had previously provided an outlook for the fourth quarter of 2011 indicating that revenue would be relatively stable with the third quarter 2011 revenue of $26.9 million.
“We’re pleased that the relatively strong start we saw to fourth quarter consumables and equipment held throughout the quarter,” said Presstek Chairman, President and CEO Jeff Jacobson. “We normally see an end-of-year holiday slowdown, but volumes held strong and our consumables and service revenue came in better than expected.
“Equipment was also strong, and we expect to exceed equipment revenue from both the third quarter 2011 and fourth quarter 2010 results. These preliminary results reaffirm our strategic focus on growing our CtP plate and DI portfolio offerings in larger commercial, in-plant, packaging and digital printing operations while continuing to carefully manage our cost structure,” Jacobson added
Presstek Inc. is a leading supplier of digital offset printing solutions to the printing and communications industries. Presstek’s DI digital offset solutions bridge the gap between toner and conventional offset printing, enabling printers to cost effectively meet increasing customer demand for high quality, short run color printing with a fast turnaround time while providing improved profit margins. The Company’s CTP portfolio ranges from two-page to eight-page systems, many of which are fully automated. These systems support Presstek’s line of chemistry-free plates as well as Aeon, a no preheat thermal plate which offers run lengths up to one million impressions. Presstek also offers a range of workflow solutions, pressroom supplies, and reliable service. Presstek is well positioned to support print environments of any size on a worldwide basis.