Canon announces donation to support humanitarian efforts for Ukraine

Our reported revenue and organic constant-currency revenue declined 7% and 10%, respectively, in Q1. The pandemic continues to negatively impact our revenue results, but the year-over-year decline was less severe in Q1 compared to Q4 across all segments Q1 FY2021 GAAP operating income increased $10.6 million year over year to $36.0 million. The negative revenue impact of the pandemic was offset by variable cost controls, advertising efficiency and fixed cost savings. We also had a year-over-year decrease in restructuring charges of $2.3 million. Our GAAP operating income benefited from about $4.0 million of COVID-19-related government incentives, primarily to offset wages for manufacturing and customer service team members in countries where demand decreased but roles were maintained.

Two Sides North America (TSNA) is pleased to announce that Troi Mailing Services Inc. has joined its membership. Troi Mailing Services is a Smartmail Marketing Expert Partner, and a provider of Canadian & International Direct Mail media. For over 30 years, Troi Mailing has provided printing, direct mail, postage, and distribution expertise to their customers and has joined with Two Sides to educate companies on why sustainable marketing mail is the right choice to reduce the impact their marketing has on the environment. “I am very excited for Troi Mailing to be part of this community that is finally pushing back against unsubstantiated green claims,” shared Kirk Barton, CEO.“ It’s great to have the resources to defend and promote the truer value of using paper. With the resources provided by Two Sides North America, Troi can offensively promote print and direct mail and quash any unfounded claims as to why digital or paperless communications solely might be better.”

Revenues increased by $92.2 million, or 14.8%, from $623.3 million in the second quarter of 2021 to $715.5 million in the corresponding period of 2022. Operating earnings before depreciation and amortization decreased by $6.1 million, or 5.6%, from $108.9 million in the second quarter of 2021 to $102.8 million in the second quarter of 2022. Net earnings attributable to shareholders of the Corporation decreased by $7.3 million, from $35.6 million in the second quarter of 2021 to $28.3 million in the second quarter of 2022.