For the quarter ended December 31, 2014, EFI reported record revenue of $211.1 million, up 7 percent compared to fourth quarter 2013 revenue of $197.2 million. Despite the significant negative impact of foreign exchange in the second half of the year, the company delivered a 9 percent revenue growth and a 14 percent increase in EPS.
Reporting financial results from the second quarter fiscal year 2015, Cimpress announced its revenue grew 19 percent year over year to $439.9 million. Excluding the impact of currency exchange rate fluctuations and revenue from businesses acquired during the past twelve months, revenue grew 7 percent year over year. "We delivered good results across the business in our second quarter," stated Robert Keane, president and CEO.
Deluxe Corp. has released its financial results for the fourth quarter ended December 31, 2014. Revenue increased 7.3 percent year-over-year due to the financial Services segment which included the results of Wausau Financial Systems, acquired in October 2014, and Destination Rewards, acquired in December 2013, and the Small Business Services segment which grew 5.8 percent.
Governor Andrew Cuomo of New York presented Finch Paper with an economic development grant yesterday, which will partially fund the company’s $20 million upgrades to its wood processing and converting operations, its pulp mill and its largest paper machine. Collectively, these upgrades will strengthen the company’s competitive position in uncoated freesheet paper.
Transcontinental Inc.'s revenue increase of 1.7 percent in the fourth quarter, from $562.6 million to $571.9 million, is mainly due to the contribution from the acquisitions of Capri Packaging and the Quebec weekly newspapers owned by Sun Media Corp., as well as new printing and distribution agreements.
The parent company of Vistaprint and other Web-to-print brands has changed its name to Cimpress N.V. It plans to invest hundreds of millions of dollars over the next five years to develop proprietary software and production technology, in order to evolve its operational capabilities into a shared mass-customization platform (MCP).
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Press manufacturer Koenig & Bauer (KBA) reported significant progress in the third quarter of 2014 with the implementation of its Fit@All program and in achieving its sales and earnings targets for the year. Group sales to September 30 were up 8.5 percent to €791.8m.
The September quarter shows improved organic revenue growth and operating efficiencies for Multi-Color Corp. (MCC), both contributing to better earnings. For example, net revenues increased 21 percent to $213.0 million from $176.6 million compared to the prior year quarter. "We see these improvements as broadly based and sustainable. We are now focused on further organic revenue and earnings growth potential for next fiscal year, as well as acquisition opportunities," said Nigel Vinecombe, president and CEO of Multi-Color Corp.
CHICAGO—The 2014 third-quarter results for RR Donnelley have been released, reflecting continued success. Despite a challenging comparable related to the timing shift of a significant customer project into the fourth quarter this year, the company achieved organic revenue growth of 0.8 percent in the third quarter.
