With publicly held companies on the 2010 Printing Impressions 400 reporting sales declines for their most recently completed fiscal years, pay levels for the principal officers at these large firms didn't necessarily follow suit. For most of the executives appearing here, their overall salaries were up significantly.
DAYTON, OH—Standard Register, a provider of document services, announced it has completed the majority of a $10 million refresh of its national network of digital printing centers, aimed at heightening customer service, expanding overall capabilities and improving environmental sustainability.
For the quarter, it had revenue of $163.6 million and a net profit of $1.4 million. That compares to last year's quarterly revenue of $163.5 million and a net loss of $5.5 million. Through the first nine months, Standard Register reported revenue of $495.7 million and a net profit of $0.5 million.
Since January, the company has transformed five of its regional print centers into “super centers,” equipping each with high-speed, high-quality color printing and in-line finishing and bindery capabilities. In addition, the regional centers and Standard Register's three largest satellite facilities were upgraded with the latest high-speed, monochrome printing equipment as well as wide-format printers.
SMARTworks manages 80 percent of Standard Register's order volume, storing an estimated 15 terabytes of data and digital assets. It gives users the ability to source, manage and control business-critical documents, printing and inventoried items. They can also create and deliver personalized communications, sales and marketing collateral, while improving brand compliance.
Commercial printer company and personnel news from Printing Impressions' September 2010 edition.
It has purchased the assets of Fusion Graphics, Inc., primarily consisting of intellectual property, and will make it part of the firm’s Industramark business unit.
The value of all GPO work awarded during this period was $425 million compared to $421 million awarded in 2008. Work done by the top 50 suppliers was valued at $270 million during 2009 compared to $287 million in 2008.
The salary excesses in the financial/investment banking world that fueled widespread public outrage, however, won't be found among the earnings of principal officers at the largest publicly held printing companies.
Standard Register disputes the claim that a female employee was driven out of her job because of sexual harassment, but the company must contend with a lawsuit that's been filed by the U.S. Equal Employment Opportunity Commission, according to the Dayton Daily News.
