Ricoh Unveils First Look at RICOH Pro Z75 B2-Format Sheetfed Inkjet Press (piworld.com)

The Company’s revenues for the second quarter ended August 31, 2022 were $111.2 million compared to $100.5 million for the same quarter last year, an increase of $10.7 million, or 10.6%. Gross profit margin was $35.2 million, or 31.7%, as compared to $28.9 million, or 28.8%, for the same quarter last year. Net earnings for the quarter were $12.2 million, or $0.47 per diluted share, as compared to $7.5 million, or $0.29 per diluted share, for the same quarter last year. The Company’s revenues for the six-month period ended August 31, 2022 were $218.9 million compared to $197.4 million for the same period last year, an increase of $21.5 million or 10.9%. Gross profit margin was $69.2 million, or 31.6%, as compared to $58.1 million, or 29.4% for the six-month periods ended August 31, 2022 and August 31, 2021, respectively. Net earnings for the six-month period ended August 31, 2022 were $23.8 million, or $0.92 per diluted share compared to $14.8 million, or $0.57 per diluted share for the same period last year.

Worzalla, an employee-owned company specializing in printing high-quality children’s books, movie tie-in books and cookbooks, announced it is hiring for 35 open positions at its facility in Stevens Point, Wisconsin. Worzalla cites an increased demand for books during the coronavirus pandemic for the need to hire additional associates. “Throughout the coronavirus pandemic, we have seen an increase in demand for books of all categories, especially in the children’s books category for both education and entertainment,” said Richard Letchinger, Vice President of Sales and Marketing at Worzalla. “Our customers across the country have been reaching out to us to print a variety of projects, both classics and new titles, to help educate and entertain kids at home.”

Quad/Graphics announced that it has increased its equity position in Rise Interactive, acquiring a majority ownership stake in the award-winning digital marketing agency. Quad/Graphics has owned a non-controlling interest in Rise since July 2016. The investment accelerates Quad’s ongoing transformation to leverage its strong print foundation as part of a much larger integrated marketing platform that addresses clients’ increasing need to reduce complexity and improve process efficiencies and marketing spend effectiveness. This industry-differentiating platform allows Quad to fulfill traditional agency functions, such as data and media strategy, while also providing integrated marketing execution across multiple channels – both online and offline. “We are pleased to strengthen our strategic partnership with Rise, which shares our Quad 3.0 vision for reinventing how clients plan, integrate, execute and measure campaigns more efficiently and effectively across all media channels,” said Joel Quadracci, Chairman, President & CEO of Quad/Graphics. Click Read More below for additional information.