Commentary: Welcome to a Better Printing Industry (piworld.com)

February 13, 2023
Midland Paper Clips
Printer News

One of the great things about my job is I get to spend time talking to people with strong insight about the printing industry. And from a couple of recent exchanges with a couple of the PRINTING United Alliance’s subject matter experts, I’ve concluded that printing is a better industry to work for than it previously has been.

Inherently Safer
A couple of months ago, I spoke with Gary Jones, the Alliance’s vice president, environmental, health, and safety affairs. In that discussion, Gary outlined some of the ways printing businesses often fall short of OSHA requirements, and how they can take steps to do what’s required and provide a safe workplace for their employees.

As the printing industry has become more digital, more automated, less assisted by the human touch of work in process, it has become inherently safer – to a point. While it is true that injuries do still happen, and machine guards are, at times, circumvented, there is less reason today to do so. There are fewer opportunities for a press operator, for instance, to make equipment adjustments “on-the-fly.”

More Attractive
Within a soon-to-be released article in Printing Impressions by Adriane Harrison, the Alliance’s vice president of human relations consulting, she says the generation of workers just now coming into our workforce – those known as Gen Z – are most interested in working for employers that care about their physical and mental well-being. This is according to a 2020 Gallup survey.

much more at: https://www.piworld.com/article/printing-industry-better-place-work-than-before/

Net sales in the third quarter of 2017 were $329.5 million compared to $382.7 million in the same period last year, a decline of 13.9%. The Company generated net sales of $1.01 billion for the nine months ended September 30, 2017, compared to $1.16 billion for the same period last year, a decline of 13.1%. The sales decline for both the three and nine month periods was primarily driven by: (i) lower sales in the envelope segment, primarily due to lower direct mail demand primarily from our financial institution customers and lower demand in our wholesale and generic transactional envelope product lines primarily due to marketplace trends; (ii) lower sales volumes in the commercial print group and the publisher services group, primarily driven by lower customer demand and continued pricing pressures; and (iii) lower sales in the label segment, primarily due to the decision to exit our coating operation which was completed in the second quarter of 2016, and lower sales driven by customer demand and product mix changes. Operating loss was $0.5 million for the three months ended September 30, 2017, compared to operating income of $20.2 million in the same period last year. Operating income was $22.6 million for the nine months ended September 30, 2017, compared to operating income of $51.9 million for the same period last year, a decline of 56.5%. The decline during the three months ended September 30, 2017 was primarily due to lower gross profit resulting from lower sales volumes and intangible asset impairments of $7.7 million driven by our current and expected future operating results for certain product lines. The declines in the nine months ended September 30, 2017 were primarily due to lower gross profit resulting from lower sales volumes, the impact of the decision to exit the coating operation, intangible asset impairments of $7.7 million driven by our current and expected future operating results for certain product lines, and higher restructuring and other charges resulting from the 2017 Profitability Improvement Plan. Click Read More below for additional information.

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