Quad Completes Sale of Former Oklahoma City and Fernley Manufacturing Facilities

We sometimes tend to forget the sustainable advantages that paper has compared to other materials. The fact that it’s chemical free, biodegradable, has low CO2 emissions and is of sustainable origin are almost taken for granted. With the increasing attention on plastic waste and the scary images of plastic islands floating in our oceans, paper’s being perceived more positively than ever before. Janosch Schenk, Technical Customer Service Engineer, Alfeld Mill reveals just why: “Although there is no recognised certification system for green printing, we can identify trends and standard practices in the different industry segments. The reality from the paper perspective is that green printing doesn’t really bring any new difficulties to the table. We don’t need to adjust our processes because independent certifications already exist for paper that demand certification requirements. For us, green printing is a new name for something we already do.” Here are ways green printing’s already being put into practice: Click Read More below for additional information.

Net sales in the third quarter of 2017 were $329.5 million compared to $382.7 million in the same period last year, a decline of 13.9%. The Company generated net sales of $1.01 billion for the nine months ended September 30, 2017, compared to $1.16 billion for the same period last year, a decline of 13.1%. The sales decline for both the three and nine month periods was primarily driven by: (i) lower sales in the envelope segment, primarily due to lower direct mail demand primarily from our financial institution customers and lower demand in our wholesale and generic transactional envelope product lines primarily due to marketplace trends; (ii) lower sales volumes in the commercial print group and the publisher services group, primarily driven by lower customer demand and continued pricing pressures; and (iii) lower sales in the label segment, primarily due to the decision to exit our coating operation which was completed in the second quarter of 2016, and lower sales driven by customer demand and product mix changes. Operating loss was $0.5 million for the three months ended September 30, 2017, compared to operating income of $20.2 million in the same period last year. Operating income was $22.6 million for the nine months ended September 30, 2017, compared to operating income of $51.9 million for the same period last year, a decline of 56.5%. The decline during the three months ended September 30, 2017 was primarily due to lower gross profit resulting from lower sales volumes and intangible asset impairments of $7.7 million driven by our current and expected future operating results for certain product lines. The declines in the nine months ended September 30, 2017 were primarily due to lower gross profit resulting from lower sales volumes, the impact of the decision to exit the coating operation, intangible asset impairments of $7.7 million driven by our current and expected future operating results for certain product lines, and higher restructuring and other charges resulting from the 2017 Profitability Improvement Plan. Click Read More below for additional information.

Modern Litho, a full-service commercial printer and mailer based in Jefferson City, Missouri with additional production facilities in St. Louis and Kansas City, has announced the appointment of Mark Gerling to Vice President of Sales. Hired for this role in 2020, Gerling was on special assignment for the past three years through the disruption and aftermath of the pandemic. He will now lead the Modern Litho sales teams on a local, regional and national level while continuing to focus on developing catalog and publication reseller relationships.