EFI Showcases Groundbreaking Innovations in Digital Printing at SuperCorrExpo 2024

Out of an abundance of caution for employees, customers, prospects and partners, Electronics For Imaging, Inc. has canceled its planned exhibit at the drupa 2021 tradeshow taking place in Dusseldorf, Germany, next April. “Our company has a long, positive history with drupa, as do I personally, having also run two companies that have been major drupa exhibitors in the past,” said Jeff Jacobson, chairman and CEO, EFI™. “The show has always represented some of the best of what can be accomplished at an in-person event for the global print industry. “But, with the limited amount of knowledge anyone can have right now about what conditions will be for public gatherings early next year, withdrawing from drupa 2021 is an unfortunate albeit prudent decision,” Jacobson added.

Full Year 2020 Highlights: *Revenue was $217.9 million lower than the previous year. COVID-19 negatively impacted the company's results, primarily across the Promotional Solutions, Cloud Solutions and Checks segments. *The Payments segment formed at the beginning of the year delivered revenue growth of 12% over the previous year. COVID-19-related delays in customer implementations impacted the growth rate in this segment, which will likely continue into Q1 2021. *Net income of $8.8 million was impacted by COVID-19 and continued costs in support of the company’s transformation. *Cash flow from operations for 2020 was $217.6 million and capital expenditures were $62.6 million. Free cash flow, defined as cash provided by operating activities less capital expenditures, was $155.0 million, a decrease of $65.1 million as compared to 2019. *Net debt of $716.9 million was the lowest since June 30, 2018. *During the fourth quarter, the company repaid $200 million on its revolving credit facility under which it borrowed at the onset of the COVID-19 pandemic.

Industry thought leader Denise M. Gustavson has been tasked with leading NAPCO Media’s Printing, Packaging, and Publishing Group, which includes Printing Impressions, packagePRINTING and In-plant Graphics magazines, among other brands,…