Commercial Printing Outlook: Adversity Also Creates Opportunity (piworld.com)

Results for the three months ended September 30, 2020, included: *Net Sales — Net sales were $679 million in 2020, down 28% from 2019. Sales declined 26% during the quarter, excluding the impact of the January 2020 sale of the Omaha packaging plant, primarily due to the economic impact from the COVID-19 pandemic, and ongoing print industry volume and pricing pressures. *Net Earnings (Loss) From Continuing Operations — Net earnings from continuing operations increased $50 million from the third quarter of 2019, from a net loss of $47 million in 2019 ($0.94 diluted loss per share from continuing operations) to net earnings of $3 million in 2020 ($0.05 diluted earnings per share from continuing operations). Results for the nine months ended September 30, 2020, included: *Net Sales — Net sales were $2.1 billion in 2020, down 27% in 2019. Sales declined 25% during the nine months ended September 30, 2020, after excluding the impact of the January 2020 sale of the Omaha packaging plant, primarily due to the economic impact from the COVID-19 pandemic, and ongoing print industry volume and pricing pressures. *Net Loss From Continuing Operations — Net loss from continuing operations improved $42 million from the first nine months of 2019, from a net loss of $63 million in 2019 ($1.26 diluted loss per share from continuing operations) to a net loss of $21 million in 2020 ($0.41 diluted loss per share from continuing operations).

What notable federal legislative activity took place in 2023? A significant win for the PRINTING United Alliance’s apparel community was the enactment of the bipartisan Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act, also known as the INFORM Consumers Act. The law will make it harder for criminal enterprises to operate in the shadows of the Internet. The Act took effect on June 27, 2023, and will crack down on criminals selling stolen, counterfeit, or unsafe items in online marketplaces. It requires online marketplaces to collect, verify, and disclose certain information about “high-volume third-party sellers.” The Federal Trade Commission (FTC) can issue civil penalties of $50,120 per violation.

Lane Press is delighted to announce that Christopher (Chris) Armstrong joined the Company as Executive Vice President on Tuesday, May 30, 2023. Chris is based at our facility in South Burlington, Vermont. Chris brings a wealth of business expertise, including sales, operations, and client service, to Lane, having spent more than 25 years in dynamic, print-based businesses in roles of increasing complexity. Prior to joining Lane Press, Chris was Marketing Solutions Executive at Quad, where he worked with large strategic accounts. Prior to Quad, Chris spent six years at Universal Wilde, a full-service printer and production facility, where he held multiple positions, culminating in Vice President Operations and Client Engagement. In this role, Chris owned operational process, delivered strategic support for clients, and directed a staff of 360 across three locations.