GLGA News: GLGA Announces Recipients of Third Annual Women in Print Excellence Award

Angela Hipelius, CEO of Liberty Creative Solutions, describes the company with a mix of history and mission. She shares that Liberty is starting its 60th year in business; and is second-generation, family-owned. It specializes in direct mail services, including the use of variable data to help its customers — which come from the education, healthcare, and nonprofit markets — achieve their goals. While the company has not changed its general approach over the past few years, Hipelius says it is focused strongly on “refining some of the systems we use to grow.” This includes working on efficiencies throughout the company’s processes and utilizing customer input in the development of its systems. Most of Liberty’s growth, she indicates, comes from doing more for its main clients, and by “nurturing existing accounts and being a trusted supplier for them.” That approach will continue. Hipelius says while the company has not acquired other businesses as a part of its revenue growth strategy, it has acquired technology. In 2019, it added a Canon ProStream 1000 inkjet web press to its technology mix, which now includes offset, toner-based digital printing, and high-speed production inkjet. Currently, she says the company is looking to install more printing and finishing capacity — something that complements the ProStream.

The Company’s revenues for the second quarter ended August 31, 2022 were $111.2 million compared to $100.5 million for the same quarter last year, an increase of $10.7 million, or 10.6%. Gross profit margin was $35.2 million, or 31.7%, as compared to $28.9 million, or 28.8%, for the same quarter last year. Net earnings for the quarter were $12.2 million, or $0.47 per diluted share, as compared to $7.5 million, or $0.29 per diluted share, for the same quarter last year. The Company’s revenues for the six-month period ended August 31, 2022 were $218.9 million compared to $197.4 million for the same period last year, an increase of $21.5 million or 10.9%. Gross profit margin was $69.2 million, or 31.6%, as compared to $58.1 million, or 29.4% for the six-month periods ended August 31, 2022 and August 31, 2021, respectively. Net earnings for the six-month period ended August 31, 2022 were $23.8 million, or $0.92 per diluted share compared to $14.8 million, or $0.57 per diluted share for the same period last year.

TC Transcontinental announces the appointment of Eric Morisset as Chief Development Officer effective today, December 1, 2020. Based in Montréal, Mr. Morisset will report to François Olivier, President and Chief Executive Officer of TC Transcontinental, and will be part of the Executive Management Committee. Since 2018, the role of Corporate Development Officer had been held by Sam Bendavid, who was appointed earlier this year as Senior Vice President, TC Transcontinental Advanced Coatings and Procurement within TC Transcontinental Packaging. Mr. Morisset will be responsible for the Corporation’s M&A strategy and all aspects of acquisitions, divestitures and partnerships, as well as for overseeing company strategy. “We are extremely pleased to welcome Eric Morisset as Chief Development Officer at a time when, with our solid financial situation, we are well positioned to pursue growth opportunities through strategic, targeted acquisitions,” said François Olivier, President and Chief Executive Officer of TC Transcontinental. “Passionate about building and growing businesses, Eric is an accomplished senior executive who comes to us with a stellar background and extensive M&A and capital markets experience.”