CBS News featured Onward Reserve, a valued Lett Direct client and The Dingley Press, a trusted partner in a segment that aired nationally this week. This informative story confirms the importance of catalogs as a major driver of traffic to the web. It’s very well done and we want to share this segment with you in case you missed it.
https://www.cbsnews.com/videos/printing-catalogs-is-a-booming-business-in-this-state/?utm_source=Lett+Direct+Subscribers+-+Updated&utm_campaign=97d482fee6-2017_09_20&utm_medium=email&utm_term=0_3f5db68a9d-97d482fee6-465671601&mc_cid=97d482fee6&mc_eid=6c15c235f5
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Last week, SG360°, a print and direct marketing solutions provider headquartered in Wheeling, Ill., announced the acquisition of Data Service Solutions (DSS), an integrated print finishing company located in Bolingbrook, Ill. The deal reportedly makes this the second largest acquisition in the company’s history (the first was Lehigh Direct in 2014), and adds a fifth additional facility in the Chicago area. Printing Impressions caught up with Mary Lee Schneider, president and CEO of SG360°, to learn more about the acquisition, what it means for SG360° and the company’s plans for the future. “This is our first acquisition since we became part of a private equity team, ICV Partners, in December. SG360° is all about growth and we're excited to take our capabilities to the next level and really help our customers manage their complex communication needs,” says Schneider. Schneider, a former RR Donnelley veteran who has been president of SG360° for almost two years, says that the capabilities of DSS will strengthen SG360°’s positioning as a leading integrated direct marketing services firm, enhances the growth of SG360°'s fulfillment business, supports the firm's distribution strategy, and will be key to driving long-term, sustainable growth. Click Read More below for more of the story.
Q4 Key messages *GAAP net sales, including the impact of dispositions and FX, decreased 5.6%; Non-GAAP organic net sales decreased 4.8%; both decline rates improved sequentially from the prior two quarters *GAAP earnings per share from continuing operations of $0.46 and Non-GAAP adjusted earnings per share from continuing operations of $0.71 both increased significantly from the prior year *Operating cash flow of $124.6 million in the quarter is down from prior year; 2020 amount includes $47 million paid to terminate 25 deferred compensation plans and cash taxes on the gain from selling the Logistics businesses in addition to the expected impact from accelerating working capital improvements to earlier quarters in 2020 *Gross leverage ratio of 3.7x improves 1.0x from September 30, 2020 and 0.5x from December 31, 2019; net leverage ratio of 3.0x improves 0.7x from both September 30, 2020 and December 31, 2019
Thysse, best known for generating innovative brand solutions and serving its local community, announced an expanded internal leadership structure. The adjustment will bring the company closer to its vision of becoming the premier model of a Brand Experience Provider. The restructuring includes new internal roles for owner and company President, Jason Thysse, who will serve as Chief Executive Officer, and for Dean Bott, former General Manager, now serving as President. The new leadership structure allows Jason to focus on strategy that shifts Thysse into the future, transitioning the company to one that encourages leadership at every level. This move will empower Thysse employees to act with autonomy in supporting the company’s overall vision while fostering accountability and effective decision-making in their daily work. In his new role as President, Dean Bott will draw on his extensive experience with process education within the print industry, assuming responsibility for day-to-day company functions. Already a key leader in the company, Bott will now oversee leadership, finance, marketing, sales and operations – both creative and manufacturing.