LSC Communications Acquires Fairrington Transportation

The U.S. Government Publishing Office’s (GPO) print procurement program awarded $469.2 million in contracts with private-sector printing companies across the country to meet the printing and publishing needs of Federal agencies in fiscal year 2024. This work represented more than 73,00 orders. Nearly 75 percent of all printing ordered by Federal agencies from GPO is performed by private sector firms working under contract with the Agency. GPO typically competitively awards contracts to approximately 1,000 printing contractors a year. Nearly 10,000 companies are registered to do business with the Agency, using GPO as their one-stop shop for print and related services contract opportunities. In fiscal year 2024, GPO awarded jobs to vendors in all 50 states, plus the District of Columbia, Puerto Rico, Guam, and the U.S. Virgin Islands. GPO’s relationship with the private sector dates back to the 1940s. This program provides significant economic opportunity for the printing industry and local economies.

Quad/Graphics, Inc. announced that it has been added as a member of the U.S. small-cap Russell 2000® Index pertaining to the 2022 Russell indexes reconstitution, effective June 27, 2022. The Company’s membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The stock also was automatically added to the appropriate growth and value indexes. “We are pleased to be a member of the Russell indexes, and look forward to continuing to share how we are accelerating and scaling our strategy as a marketing experience company,” said Tony Staniak, Chief Financial Officer of Quad. “We continue to build on positive sales growth momentum from clients embracing our integrated marketing platform, while focusing on financial objectives to drive shareholder value.”

First Quarter Financial Highlights and Recent Events • Total revenue of $73.3 million, down from $88.4 million in the first quarter of 2023, but up sequentially from $72.3 million in the fourth quarter of 2023. • Envelope segment revenue of $53.4 million, versus $64.5 million a year ago and $50.6 million three months ago. • Packaging and Specialty Products segment revenue of $19.8 million, versus $24.0 million last year and $21.7 million in the fourth quarter of 2023. • Net earnings of $3.5 million, or $0.14 per share, versus $9.5 million, or $0.37 per share, in the first quarter of 2023, and $0.7 million, or $0.03 per share in the fourth quarter of 2023.