The volume of GPO work contracted to the private sector in January through March of this year totaled $61 million, compared to $59 million for the fourth quarter of 2011. NPC Inc. topped the list with $5.357 million awarded to the firm.
STAMFORD, CT—Cenveo Inc. announced it has been retained by Thompson Media Group to manage its content, print and fulfillment production needs and provide mobile applications to Thompson Media Group customers.
Cenveo Inc. announced it has been retained by Thompson Media Group to manage the company’s content, print and fulfillment production needs. Meanwhile, Cenveo Publisher Services, a division of Cenveo in Columbia, MD, has been awarded a new three-year contract by the American Society for Biochemistry and Molecular Biology to provide a full range of journal production services.
Commercial printer company and personnel news from Printing Impressions’ June 2012 edition.
Cenveo generated net sales of $455.6 million in the first quarter of 2012, compared to $477.0 million for the same period of 2011, and had a net loss of $27.2 million, compared to net income of $2.8 million in the first quarter of 2011.
STAMFORD, CT—Standard & Poor's (S&P) Ratings Services has revised its ratings outlook on Cenveo Inc. to negative from stable. It also reaffirmed its ratings on the company, including the 'B' corporate credit rating. According to S&P, the negative outlook reflects the potential for a downgrade if Cenveo continues to have a significant balance under its 2013 note as the date of the maturity approaches.
Standard & Poor’s Ratings Services revised its rating outlook on Stamford, CT-based diversified printing company Cenveo Inc. to negative from stable. The outlook revision reflects the potential for a downgrade, should the company maintain sizable debt maturities in December 2013 as this date approaches.
The corporate credit rating on Cenveo reflects Standard & Poor’s expectation that the company’s leverage will remain high and coverage will remain weak. For these reasons, we consider Cenveo’s financial profile “highly leveraged.” We view the company’s business risk profile as “weak” because of Cenveo's participation in the highly competitive and cyclical printing markets.
WILSON, PA—Cadmus Specialty Publications, which traces its roots here back to the late 1800s as Mack Printing, has notified the Pennsylvania Department of Labor & Industry of its intention to close, The Express-Times reported. The April 27 shutdown will result in the loss of 195 jobs.
Commercial printer company and personnel news from Printing Impressions’ March 2012 edition.
Commercial Printing Industry News Briefs from Printing Impressions’ March 2012 edition, including items on Indexx, PrintingForLess.com, RR Donnelley, Cenveo, Lifetouch Church Directories & Portraits, Annan & Bird Lithographers, Concord Litho, NPG Printing, and Minuteman Press.