Business Management - Finance/Financial

Xerox reported $1.47 billion of revenue, a decrease of 35.3% year-over-year or 34.6% in constant currency.

The Raymond J. Prince Graphic Communication Future Leader Program will award annual scholarships to graphic communication students who demonstrate academic achievement and the potential to succeed in graphic communication.

This action arises out of Trend’s reported breach of a supply agreement whereby Flint Group provided Trend with inks, flat blankets, sleeves, fountain solutions, web conditions, and press washes.

The economic lockdown is easing. Businesses are reopening. There’s pent-up demand for all the things we haven’t been able to do or purchase in months. This is what can be expected when the economy begins its recovery.

In a new blog post, Andy Paparozzi, chief economist for PRINTING United Alliance, answers some of the questions printers are asking about the impact of COVID-19 on their businesses.

Heidelberg's financial year has been impacted by the deteriorated economic climate caused by the COVID-19 pandemic. The company has rolled out a comprehensive package of measures to counteract this downturn and boost profitability.

The Postal Regulatory Commission's analysis of the Postal Service does not include the impact of COVID-19. However, unaudited current volumes and preliminary financial forecasts provided by USPS point to precipitous declines in mail volume and revenue, which would exacerbate the large financial losses it experienced in FY19.

Quad announced that it delivered a strong first quarter, despite reduction in near-term client demand due to the COVID-19 pandemic.

As part of the company's first-quarter 2020 financial results, Xerox reported a $49 million decrease in operating cash flow and $1.86 billion of revenue. The company is also producing FDA-approved ventilators, antiseptic hand sanitizer, and medical-grade face masks to help fight the COVID-19 pandemic.

Book and magazine printing powerhouse LSC Communications voluntarily filed for business reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. The only surprise — perhaps expedited from the financial fallout of COVID-19 — is that the announcement came April 13.