Schumann Printers Acquires New UV Coater from Graphic Systems Services

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.

Fiery, LLC and Esko announced a new technology partnership to develop innovative solutions that advance digital print technologies and packaging workflows. The companies will collaborate on workflow integrations to more rapidly develop new solutions to help print suppliers in the digital print and packaging industries. The companies unveiled seamless integration between Fiery Impress, the turnkey DFE for industrial inkjet presses and inline manufacturing lines, and Esko Automation Engine, prepress workflow automation. The integration allows customers to easily migrate their existing workflows for digital print technologies.

In today’s printing industry, the concept of innovation is wide in definition, but rather narrow in its goal. Leading companies have grasped many tools to define themselves, increase profitability, and differentiate. They utilize new technologies, systems integration, an expanded product mix, exemplary customer service, and more. As a group, the eight companies included in the 2021 class of Printing Impressions’ Innovators of the Year demonstrate new approaches that can move printing businesses forward and possess strong insight into where the industry is going. Even amid the challenges presented by the COVID-19 pandemic, these companies succeed, grow, focus, and inspire. This year’s innovators were nominated by a group of printing industry experts and consultants, who identified them as notables. The summary of Heeter that follows shares what makes theis company innovative, interesting, and exceptional. The insight it presents may provide the inspiration you need to take your company to a new level, or in a new direction. read the full article at: https://www.piworld.com/article/2021-innovator-year-heeter-customer-achieve-roi/