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.
Presstek continues to develop and expand its digital plate portfolio to meet the widest range of offset printing needs. Most recently, the company announced Presstek PhD 830, a negative-working thermal pre-heat plate that is compatible with the industry’s leading thermal CTP systems.
The first, a five-color Presstek 75DI with coater, was sold to a commercial print operation in the Midwest. The second, a four-color model, was sold to a West Coast communications company. Presstek has sold seven 75DI presses since the product was commercialized this year, five of which are to be installed in North America.
Today it is becoming much more common to find printers using more than one printing technology. The trend in the future will be for much of the work to be done using a common workflow and for the output technology to be selected at the time of production.
Commercial printing industry supplier company and personnel news from Printing Impressions’ December 2011 edition.
GREENWICH, CT—Presstek Inc., a supplier of digital offset printing solutions to the printing and communications industries, announced $11.2 million in annualized profit improvement actions and expects to return to positive adjusted EBITDA in the first quarter of 2012. The company, which posted a net loss of $5.4 million in the third quarter, will greatly reduce its workforce as part of its goal of regaining profitability.
Presstek Inc., a leading supplier of digital offset printing solutions to the printing and communications industries, announced $11.2 million in annualized profit improvement actions and expects to return to positive adjusted EBITDA in the first quarter of 2012.
Presstek reported total revenue of $26.9 million for the quarter, a decline of 14.4 percent vs. the third quarter of 2010, which was impacted by general global economic weakness. “We started taking major cost reduction actions during the third quarter of this year to right-size our business to current economic conditions, and this work has continued into the fourth quarter,” said Presstek Chairman, President and CEO Jeff Jacobson.
Presstek Inc., a leading supplier of digital offset printing solutions to the printing and communications industries, today reported that a Presstek 52DI digital offset press will be shown for the first time in China at the All in Print China show, scheduled for Nov. 14-17, 2011, in Shanghai. The Presstek 52DI will be demonstrated in Shanghai Electric Printing & Packaging Machinery Group booth number E3A107.
Presstek Inc., a leading supplier of digital offset printing solutions to the printing and communications industries, has restructured its North American sales organization to better capitalize on the expertise of its team as well as to provide improved customer focus during and after the sales cycle.
