Fey Printing Wins Best of Show in GLGA’s 2024 Graphics Excellence Award Competition

Color Ink, an experiential communications company based in Sussex, Wisconsin, is proud to announce its latest investment in advanced printing technology. The company has recently acquired the state-of-the-art Komori GL640/C Advance press, specifically designed for packaging printing, further solidifying its position as an industry leader in high-quality print solutions. The decision to invest in the Komori GL640/C Advance press aligns with Color Ink's commitment to delivering exceptional printing services that meet the evolving needs of its diverse clientele. With this strategic acquisition, Color Ink aims to expand its capabilities and continue providing innovative packaging solutions to its customers across various industries.

Third Quarter Financial Highlights and Recent Events * Total revenue increased by 23.9% to $67.9 million, from $54.8 million in the third quarter of 2021. * Packaging and specialty products segment revenue of $18.8 million, up 5.8% from $17.8 million last year. * Envelope segment revenue up 32.6% to $49.1 million, from $37.0 million in the prior year. * Net Earnings increased significantly to $8.1 million, or 11.9% of revenue, from $3.4 million or 6.1% of revenue, last year. * Earnings per share of $0.31, up sharply from $0.13 a year ago. * Recorded no assistance from the Canada Emergency Wage Subsidy (“CEWS”) and Canada Emergency Rent Subsidy (“CERS”) programs in the third quarter of 2022, compared to $0.6 million in the equivalent quarter of 2021. * Purchased 96,600 shares for a total consideration of $0.3 million as part of NCIB program. * Acquisition on November 1, 2022 of Royal Envelope Corporation (“Royal Envelope”) located in Chicago.

Second quarter key messages: *GAAP net sales decreased 23.0%; non-GAAP organic net sales decreased 17.1%; June net sales performance was the strongest month in the quarter as local economies began to reopen *GAAP (loss) income from operations was down $36.8 million versus the prior year; non-GAAP adjusted income from operations decreased $14.1 million; additional cost-out actions implemented throughout the quarter *Operating cash flow in the quarter increased $22.5 million from the prior year period driven by working capital improvements; year-to-date improvement now at $72.9 million; capital expenditures were down $18.6 million in the quarter