Rémi Marcoux named “Founder Emeritus” of TC Transcontinental

Net sales for the first quarter ended March 31, 2018, were $968 million, representing a 3.1% decrease as compared to 2017. Organic sales declined 5.1% due to ongoing print industry volume and pricing pressures after excluding acquisitions (2.0% impact), pass-through paper sales (-0.2% impact) and foreign exchange (0.2% impact), and is consistent with previous guidance. The Company incurred a net loss of $3.5 million, or $0.07 per share, for the three months ended March 31, 2018, which included a special $22 million non-cash employee stock ownership plan contribution as part of the benefit of tax reform. Net cash provided by operating activities was $2 million for the first quarter 2018, compared to $63 million in the first quarter of 2017, and Free Cash Flow decreased $62 million to a negative $22 million. These variances were primarily due to expected timing differences in 2018 versus 2017 for cash generated from working capital, which will be weighted more towards the fourth quarter. Click Read More below for additional information.

CJK Group, Inc. has acquired select business assets of Joe Christensen, Inc. in Lincoln, Nebraska. Joe Christensen, a family-owned company since 1933 that specializes in the printing of law reviews and law journals, has made the decision to transition out of the law review and law journal business and has entrusted the transition of its publication work to Sheridan, effective immediately. This body of work represents over 300 publications, some of the nation’s top law reviews among them. Sheridan has been a significant provider to the industry as well, with over 350 law publications currently being produced in the Sheridan Pennsylvania facility. Chris Kurtzman, CEO of CJK Group commented, “Acquiring the law review and law publication assets of Joe Christensen, Inc. is indeed an honor for Sheridan, as we look to be the leading publication services provider to this esteemed market. Over the last two decades, we’ve devoted many efforts and developed streamlined solutions to serve this community and are looking forward to not only delivering on but exceeding the expectations of our new customers.”

At a pre-drupa press event recently, held just before Dcsoop in Indianapolis, Indiana, HP revealed a number of innovations that will make their debut in Düsseldorf later this year. Of particular interest are the updates and refreshes to the Indigo and PageWide press lines. Anat Ruhrberg, the head of Commercial Product & Solutions for HP Indigo, noted that while analog printed pages are beginning to see a decline in terms of overall volume, digital pages are seeing a sharp increase, making it increasingly clear that no shop that wants to continue to be relevant and competitive in the years to come can afford to ignore the technology any more. Investments in digital presses are going to be key to capturing and retaining business. That shift is playing out with the Indigo line, she noted, with data showing that consistently, as much as 50% of the pages being printed on the Indigo 100k are new volume. That said, 95% of all printed pages are still printed on analog presses, which means the opportunity for growth is massive.