Quad leads the way in environmental responsibility

RMGT, manufacturer of the leading 8-up sheetfed offset press in North America, announces that Envision3 is the most recent printing operation in North America to install the new 8-UP+ RMGT 970 offset press. Based in the greater Chicago area in Bloomingdale, IL, Envision3 is one of the top 300 largest printing and mailing manufacturers in the country and is a full-service offset and digital printing, packaging, mailing, and finishing company. Since its inception in 2000, Envision3 has been a traditional 40” shop having installed three Mitsubishi presses in this time period. Since Mitsubishi merged with Ryobi to form RMGT, Envision3 recently expanded their offset press line with the newly introduced RMGT 970 press. “We've been a Mitsubishi shop, now RMGT, for the 21 years since our formation,” states Kevin Franz, President, Envision3. “Mitsubishi and RM Machinery have won our business multiple times through the years with their new presses and great service.” Envision3 started in 2000 with a 40-inch and a 28-inch Mitsubishi offset press and later moved on to the Mitsubishi Diamond 3000 series. In the last quarter of 2021, Envision3 installed the latest addition to the 9 Series family, the RMGT 970, which features a new 25” x 38” sheet size.

*Reported revenue decreased 3.1% including impact from divestitures, while comparable adjusted revenue was flat year-over-year *Third quarter GAAP diluted EPS was ($0.18) while adjusted diluted EPS was $0.79 *Net loss of $8.0 million including restructuring and other charges in the quarter, down from net income of $14.7 million in the prior year

The commercial printing industry will grow in 2021. Growth will begin during the second quarter, and accelerate through year end. No company, however, should count on the upturn or the shakeout of weak competitors to make everything right. Much will be different in the post-COVID world. And much of the gains ahead will be reserved for companies already thinking about those differences, and how to make them opportunities rather than threats. Those conclusions are based on the COVID-19 Print Business Indicators Survey, conducted every other month by PRINTING United Alliance and NAPCO Research. Nearly 200 commercial printers participate. The diverse group has annual sales ranging from less than $1 million to more than $700 million, and is located across the U.S. and Canada. We measure percent change in sales in two ways. Year-over-year is the first to capture the depth and breadth of the downturn. Among all companies surveyed, sales fell 16.9%, on average, during the first three quarters of 2020 compared with year earlier levels, declining for 81.9% — by at least 20% for more than half and at least 30% for nearly one-third — and increasing for just 17%. One participant speaks for many when he describes what’s happened this year as a “seismic downturn.”