RRD Completes Sale of International Mail and Parcel Logistics Business

The 2020 Gold Ink Awards recently took place, with winners being announced earlier this month. We are pleased to announce that Arandell was the recipient of eight awards this year, including the Silver award for our work on the Gudrun Sjoden Spring 2020 catalog. Arandell participates in several print industry competitions each year, including the Graphics Excellence Awards, the Premier Print Awards and of course, the Gold Ink Awards. Along with it being the last competition of the year, the Gold Ink Awards competition is also the most prestigious, as it is put on by Printing Impressions – the print industry’s most well-recognized and influential industry publication.

Full Year 2020 Highlights: *Revenue was $217.9 million lower than the previous year. COVID-19 negatively impacted the company's results, primarily across the Promotional Solutions, Cloud Solutions and Checks segments. *The Payments segment formed at the beginning of the year delivered revenue growth of 12% over the previous year. COVID-19-related delays in customer implementations impacted the growth rate in this segment, which will likely continue into Q1 2021. *Net income of $8.8 million was impacted by COVID-19 and continued costs in support of the company’s transformation. *Cash flow from operations for 2020 was $217.6 million and capital expenditures were $62.6 million. Free cash flow, defined as cash provided by operating activities less capital expenditures, was $155.0 million, a decrease of $65.1 million as compared to 2019. *Net debt of $716.9 million was the lowest since June 30, 2018. *During the fourth quarter, the company repaid $200 million on its revolving credit facility under which it borrowed at the onset of the COVID-19 pandemic.

The Great Lakes Graphics Association (GLGA) will hold its annual Graphics Excellence Awards (GEA) Celebrations on Wednesday, May 25, 2022. The Celebrations are the culmination of the annual GEA competition, which recognizes companies throughout Illinois, Indiana and Wisconsin for superb craftsmanship in the design, creation and production of outstanding printed projects they produce for their customers. Dual sites will have simultaneous Celebrations that evening: the Medinah Shrine Center in Addison, IL, and the Wisconsin Club in Milwaukee, WI. The Celebrations start at 5 p.m. with an extended networking reception. All of the award-winning projects will be on display for attendees to examine and to choose their favorite in the voting for the People’s Choice award. A formal dinner will be served at 6:30 p.m. followed by the presentation of the award plaques and the announcement of the top winners.