Tecnau Launches Automatic Cut-Sheet Finishing System for Digital Book Production (piworld.com)

Highlights *Revenues of $690.6 million for the quarter ended January 30, 2022; operating earnings of $33.8 million; and net earnings attributable to shareholders of the Corporation of $18.4 million ($0.21 per share). *Completed, on February 1st, 2022, a private offering of $200 million of 2.667% senior unsecured notes due in February 2025. *Ranked 16th among the world's most sustainable corporations by Corporate Knights.

Canon U.S.A. Inc., a leader in digital imaging solutions, announced the new upcoming1 varioPRINT iX1700 B3+ size inkjet digital sheetfed press, designed to deliver an exceptional combination of high print quality and fast, efficient production for the demanding commercial, in-plant, and direct mail print markets. Introduced as an expansion of Canon’s broad digital press portfolio, the varioPRINT iX1700 color inkjet production press joins the varioPRINT iX-series within Canon’s sheetfed inkjet portfolio, combining the flexibility of sheetfed printing with production inkjet. Engineered for reliable, high productivity and consistent, high quality, the new press will be based on a compelling blend of brand new and proven Canon technologies.

Recent Actions: *Quad completed the sale of its Versailles, Ky., book manufacturing plant, to CJK Group, Inc., which serves book, magazine, catalog, and journal publishers. This initiative was the first step in the previously announced strategic decision to divest the Company’s book business to optimize its product portfolio. Quad expects to use the proceeds from the sale to reduce debt. *The Company obtained an amendment to its existing April 28, 2014, senior secured credit facility that widens the leverage ratio by an estimated 0.75x to 1.0x turn through the third quarter of 2021. As a part of this agreement, Quad maintains the ability to complete certain acquisitions during the relief period and has agreed to reduce the revolver capacity, which was previously expanded to support a subsequently terminated acquisition, from $800 million to $500 million. The agreement’s maturity remains January 2024, and Quad’s next nearest debt maturity is the 7% senior unsecured notes due May 2022. *Quad recently strengthened its leadership team at its integrated marketing agency, Periscope, with the addition of new President, Cari Bucci-Hulings. Bucci-Hulings is an industry expert who has driven highly successful product development and business growth platforms, and most recently served as President of MARC USA, one of the largest independent agencies in the country. *The Company also continues to scale Accelerated Insights, its proprietary virtual testing platform, to help clients in multiple industry verticals predict which combination of format, offer, message and imagery will be most effective in print. The unparalleled testing methodology drives improved response at a fraction of the time and cost of traditional testing. Quad recently brought aboard senior-level data analytics and business insights talent to expand the solution beyond direct mail and catalogs to packaging and other retail uses.