Business Management - Finance/Financial

Printing industry giant Quad reported a third quarter net loss; cut its quarterly dividend in half; lowered its full-year guidance; announced an additional $50 million cost reduction initiative; and revealed plans to sell its U.S. book manufacturing platform, which generates $200 million in annual book printing sales.

Heidelberg released second quarter plans with a better order situation to compensate for its weak first quarter. The company intends to focus on the demand for contract and subscription offerings, and introduce measures to increase liquidity and safeguard profitability in the 2019/2020 financial year.

It may not amount to a recession, says SGIA Chief Economist Andy Paparozzi, but printers should expect economic growth to slow and take steps now to prepare for it.

Holders of approximately 99.7% of common shares present and voting at Xerox’s annual meeting, representing approximately 77% of the company’s total outstanding common shares, voted in favor of the proposal. Xerox is targeting the third quarter of 2019 for the closing of the holding company reorganization.

After a long history of steady climbs followed by dramatic plunges, structural changes in the industry and the market have empowered paper companies to put the brakes on the pricing thrill ride for publishers. Welcome to the new normal for magazine and book paper prices.

Consumer price index (CPI)-based price increases were not enough to offset revenue lost from declining volumes.

On April 10, the Association of College and University Printers honored the winners of its ACUP Awards competition in a ceremony in New Haven, Conn. The gala event capped the association's three-day educational conference, which drew more than 100 higher-ed in-plant managers.

After 105 years at its current site in downtown Washington, the agency is evaluating a 100-acre parcel in Prince George’s County, Md.

Steven Kaczorowski admitted to helping the mail service provider owner defraud the USPS out of more than $1.5 million in postage.

Taking the collaboration with Masterwork, which dates back to 2014, to the next level is also designed to open up further potential in the growing package printing segment, especially in China — the world’s largest individual market.