LSC Auction Delayed Until September 9 (publishersweekly.com)

In October 2019, PRINT United will break down the obstructive silos that have been established and will align all segments of printing technology under one roof with the goal of providing significantly increased ROI for exhibitors and attendees. This three-day event will take place in Dallas. In order to solicit feedback and make the exhibitors an integral part of the decision making around PRINT United, partners SGIA and NAPCO Media recently held an Exhibitor Focus Group in Dallas. The key takeaways center around the prospect of convergence, new opportunities, increased ROI and unity in the printing industry.

Komori America announced that Quantum Graphics, a commercial printer based in Eden Prairie, Minnesota, is looking forward to gaining a higher level of automation and faster speed to market with the investment in its fourth Komori press, an eight-color Lithrone G40 advance perfector (GL840P advance) with LED-UV and an MBO T800.1 buckle folder. Experiencing substantial growth over the past several years, the company services well-known brands that demand high-quality, consistent color and fast turnaround. The GL840P advance’s ability to deliver high-speed production coupled with the MBO T800.1’s automated functions will provide the increased capacity needed to meet Quantum Graphics’ aggressive demand forecast. “To meet our goals, we needed to update our equipment,” said Guy Peterson, president and CEO of Quantum Graphics. “As part of the process, we decided on the eight-color perfector because it would give us additional capabilities and greater capacity beyond our current offering. The press configuration is well-matched to the variety of work we already produce for our clients and will allow us to offer new inline embellishment and coating effects to add additional value to client projects. We anticipate the GL840P advance will double our throughput, which made adding a folder with the automated features of the T800.1 a must.

Highlights: *Continued improvement in profitability in the Packaging Sector and maintained rigorous cost control in the Printing Sector. *Revenues of $655.7 million for the quarter ended October 25, 2020; operating earnings of $81.2 million; and net earnings attributable to shareholders of the Corporation of $51.3 million ($0.59 per share). *Solid financial position with liquidities of $241.0 million and access to unused lines of credit of $432.8 million, for total available liquidities of $673.8 million. *Improved net indebtedness ratio(1) to 1.9x as a result of the decrease in long-term debt of $363.0 million and the increase in adjusted operating earnings before depreciation and amortization(1) during the fiscal year. *Launched new packaging made of 30% post-consumer recycled plastic for the case wrap of AHA® Sparkling Water, a brand of The Coca-Cola Company.