Midland Leadership in Inkjet Papers Continues at thINK 2022 (whattheythink.com)

Allen Press announced today that Mark Kohlhase has been named Chief Executive Officer, effective immediately. Kohlhase had been serving as the Interim CEO since January 2020. As CEO, Kohlhase will continue overseeing all aspects of the company and setting long-term strategic goals and objectives. “Providing excellent customer service has been and continues to be my primary focus,” Kohlhase said. “As CEO, I believe that a servant leadership approach and a laser-like focus on our customers’ well-being will help us create long-term stability for Allen Press.” Kohlhase will continue to focus on the core competencies of commercial printing and scholarly publishing services that are Allen Press mainstays.

For the nine months ended September 30, 2017, the Company reported revenue of $724.1 million, down 0.2% year-over-year compared to $725.4 million for the same period in 2016. GAAP net income was $9.4 million or $0.20 per diluted share, compared to $25.0 million or $0.52 per diluted share for the same period in 2016. Non-GAAP net income was $74.0 million or $1.57 per diluted share, compared to non-GAAP net income of $80.5 million or $1.68 per diluted share for the same period in 2016. Cash flow from operating activities for the nine months ended September 30, 2017, was $42.4 million, down 24% compared to $55.8 million during the same period in 2016. "We are clearly disappointed in the third quarter results, which fell below our expectations largely due to delayed deals in our direct business," said Guy Gecht, CEO of EFI. "To reaccelerate growth, we are reallocating budget and talent toward our largest opportunities, in textile and packaging, along with making organizational changes and adding senior positions to improve focus and execution." Click Read More below for additional information.

Printing industry leaders gathered in Newburyport, Mass., to celebrate the startup at Bradford & Bigelow (B&B) of the first manroland Goss Lithoman 48-page, 4-color web offset press utilizing the most advanced LED/UV technology that eliminates all VOC emissions, substantially reduces energy consumption and paper waste, and provides operational efficiency with a press length 40 feet shorter than a traditional heatset web offset press. In addition to the environmental benefits, Baldwin’s LED/UV technology, with minimal heat, provides a better quality product with no web growth and runs at top-notch speed, according to Jonathan Fore, Baldwin’s Director of Product Management. “This successful launch has been a team effort and we are very grateful to our partners who made this startup a great success,” stated John Galligan, B&B CEO. It marks the company’s second manroland Goss web offset press install within the past four years, according to Rick Dunn, B&B EVP. “The manroland Goss engineering team did a terrific job adjusting the press design to integrate the LED/UV technology. And the on-site support of manroland Goss, AMS/Baldwin, and Universal Color was terrific,” Dunn said. “Challenges came up and our partners worked together and promptly addressed and resolved the issues,” added Mike Daugherty, B&B Press Manager.