LSC Granted a Week’s Extension in Auction Process (publishersweekly.com)

In honor of World Environment Day, Xerox today announced a partnership with the Arbor Day Foundation to plant nearly 23,000 trees — one for each Xerox employee — contributing to the nonprofit’s global reforestation efforts while also educating employees on how they can make a meaningful difference for the environment. The partnership coincides with this year’s World Environment Day focus on the continuation of the UN Decade on Ecosystem Restoration, a global mission to revive billions of hectares, from forests to farmlands. “Partners like Xerox help us achieve the scale needed to drive meaningful impact through trees," said Dan Lambe, chief executive of the Arbor Day Foundation. “It’s going to take organizations of all types and sizes coming together to make a difference. We are grateful for their commitment.” The Arbor Day Foundation has worked to plant nearly 500 million trees over the past 50 years through efforts that improve forests and communities of greatest need worldwide.

Third Quarter 2020 Highlights: * Total revenue increased by 10.4% to $49.9 million, from $45.2 million in the third quarter of 2019. * EBITDA1 was up 49.3% to $8.1 million, an increase of $2.7 million, from $5.4 million in the third quarter of 2019. EBITDA includes a $0.9 million of assistance from the Canadian Emergency Wage Subsidy (“CEWS”) program. * Net Earnings increased to $2.7 million (or $0.10 per share), from $1.2 million (or $0.04 per share) in the third quarter of 2019. * Packaging and Specialty Products segment revenue increased by 18.9% to $15.8 million, up from $13.3 million in the third quarter of 2019. * Envelope segment revenue increased by 6.9% to $34.1 million, up from $31.9 million in the third quarter of 2019. * Net cash flows from operating activities increased to $7.2 million, up from $3.7 million in the third quarter of 2019.

PRINTING United, scheduled to take place Oct. 6-8, 2021 at the Orange County Convention Center in Orlando, Fla., has been cancelled. The PRINTING United Alliance board of directors felt the ability to deliver a successful tradeshow event for all involved became significantly hampered recently with the growing uncertainty and spike in cases resulting from the COVID-19 Delta variant, and its depressing effect on registration and exhibitor participation. “We want to sincerely thank our vast industry partners -- including exhibitors, members and attendees -- for their collective support during this ever-changing landscape and time,” says Ford Bowers, CEO, PRINTING United Alliance. “We conferred with dozens of exhibitors from all segments and sizes, regularly monitored attendee sentiment, and the weight of opinion supported the difficult decision to cancel this year’s show.”