The second quarter of Courier Corp.'s fiscal year is usually its slowest, coming in between the traditional busy seasons in the education market. In the company’s book manufacturing segment, second-quarter sales were up from a year ago overall, led by increased sales in the specialty trade market.
Whether you keep a very strong current ratio with large cash reserves in the business or you choose to keep it in liquid personal assets, do one or the other. You will sleep better and will be better prepared for emergencies. Equally important is to be in a position to capitalize on the great opportunities that are still out there in our industry.
Schawk Inc. has released its fourth-quarter and full-year 2012 results. Net loss in the fourth quarter of 2012 was $18.1 million, or a loss of $0.69 per diluted share, versus net income of $5.8 million, or $0.22 per diluted share, in the fourth quarter of 2011. "During 2012, our revenue grew nearly six percent globally within our largest client channel, consumer packaged goods," said CEO David A. Schawk.
Cenveo Inc. generated net sales of $451.8 million for the three months ended December 29, 2012, compared to $486.5 million for the same period last year. The decrease in net sales was primarily due to lower sales in our print and envelope product lines as a result of lower direct mail volumes from our financial services customers, the closure and consolidations of a print plant and two envelope plants and our decision to exit certain low margin business.
Quad/Graphics Inc. reported preliminary unaudited fourth quarter and full-year 2012 results in advance of management's attendance at the 2013 Baird Business Solutions Conference in New York City today. “Despite ongoing economic and industry challenges in 2012, we expect our fourth quarter and full-year 2012 results to be in line with our previously discussed expectations,” said Joel Quadracci, Quad/Graphics chairman, president and CEO.
R.R. Donnelley & Sons Co. has reported a 2012 fourth-quarter net loss attributable to common shareholders of $849.0 million. "Following the challenging conditions we have faced for the last several quarters, we are pleased with the improvement in revenue and margin trends we achieved in the fourth quarter," said Thomas J. Quinlan III, RR Donnelley's president and CEO.
InnerWorkings Inc., which procures, manages and delivers printed materials and promotional products as part of a comprehensive outsourced enterprise solution, reported record revenue of $208.0 million, an increase of 19 percent compared to revenue of $175.2 million in the fourth quarter of 2011.
Consolidated Graphics (CGX) has announced its financial results for its third quarter ended December 31, 2012. Revenue for the December 2012 quarter increased 4.0 percent to $295.3 million, compared to the prior year. Adjusted Diluted Earnings per Share was $1.75, the all-time high in the history of the company.
Semper International's print Industry Insight survey has revealed an increase in reported profitability during the fourth quarter of 2012. Other key findings of the survey revealed that 79 percent of companies surveyed reported a profitable Q3, and the greatest competitive threat to printers remains largely unchanged from last quarter.
Vistaprint N.V. has released its financial results for the three-month period ended December 31, 2012, the second quarter of its 2013 fiscal year. “Our quarterly earnings per share were above our expectations, due in part to our strong gross margins and onetime favorability in our tax rate,” said Robert Keane, president and chief executive officer.
