Mossberg & Company Adds Eight-Color Sheetfed Offset Perfecting Press (piworld.com)

The Sustainable Green Printing Partnership (SGP), the leading authority in sustainable printing certifications, announced today that its sister organization, SGP Foundation Inc, earned the Silver GuideStar Nonprofit Profile Seal of Transparency. This is the second level of recognition offered by GuideStar, the world’s largest source of nonprofit information. SGP Foundation is moving forward in its mission to provide education and awareness of sustainability best practices to the printing industry. “Since 2016, we have been building a 501(c)3 organization dedicated to providing education on sustainable practices for and in the printing industry,” said Jonathan Graham, SGP Foundation chair. “We are pleased to now share our organization’s transparency in a user-friendly and highly visual manner. By updating our GuideStar Nonprofit Profile to the Sliver level, we can now easily share more information with our supporters as well as GuideStar’s online community of donors, grantmakers and the public.”

Komori announced that Nosco®, a full-service packaging solutions provider, has purchased a nine-color Lithrone GX40RP advance (GLX940RP advance) dedicated two-sided press, with coater and LED-UV curing. Headquartered in Gurnee, Illinois, Nosco is a subsidiary of Holden Industries, Inc., which is a 100% employee-owned company. Investment in the new press is part of Nosco’s bold growth plans to scale up folding carton production at its Wisconsin-based Packaging Innovation Center by 125 million units in 2023. In support of that goal, the GLX940RP advance is uniquely configured to meet the specific needs of the company’s rapidly expanding pharmaceutical packaging business, which serves more than 450 of the major pharmaceutical companies across the United States. The GLX940RP advance, a recipient of the industry-renowned InterTech™ Technology Award, is a dedicated two-sided printing press that makes it possible for Nosco to provide up to eight-color printing on the outside and one color on the inside of the package that many pharmaceutical packaging applications require.

Net earnings improved during the second quarter of 2017 to $7 million, a $15 million increase, versus an $8 million net loss in 2016, despite a 6.7% decrease in net sales to $963 million. Organic sales decreased 4.8% due to ongoing industry volume and pricing pressures after excluding pass-through paper sales (-1.7% impact) and foreign exchange (-0.2% impact). The organic sales decrease is consistent with the Company’s previous guidance. Diluted earnings per share improved to $0.13 compared to a $0.16 loss in 2016 primarily due to lower depreciation and amortization, and cost reductions and productivity improvement activities. Second quarter 2017 Non-GAAP Adjusted EBITDA decreased $1 million to $97 million compared to $98 million in 2016; however, Adjusted EBITDA margin improved to 10.0% from 9.5% in 2016. Non-GAAP Adjusted Diluted Earnings per Share improved by $0.21 during the second quarter 2017 to $0.24. The improvement in Adjusted EBITDA margin and Adjusted Diluted Earnings per Share was primarily due to cost reductions and productivity improvement activities. Click Read More below for additional details.