David Ward
San Diego
Semper survey shows dramatic Q1 plunge in print profits
US printers had a sharp drop in first quarter profits despite a modest rise in sales revenues, the Semper International survey for Q1 2013 has found.
EFI posts Q1 profits, revenue rise
Foster City, CA-based EFI cited strong US sales as well as continued demand for its Fiery controllers as it reported Q1 income of $8.2m (Q1 2012: $6.2m) on a 7% revenue rise to $171.4m.
Xerox boosts Q1 profits despite sales downturn
Xerox cited weakness in its Document Technology business, which includes the iGen commercial press line, as it reported Q1 sales declined by 2.7% over the same period in 2012 to $5.4bn.
Boise-based Alexander Clark Printing adds Komori LSX629
Boise, Idaho based Alexander Clark Printing has added a six-color 29" Komori LSX629 to both boost productivity and expand its footprint in categories such as packaging.
InnerWorkings warns of drop in 2013 earnings
Chicago-based managed print services provider InnerWorkings said the recent loss of one major client has caused it to lower it 2013 revenue forecast by $30m to $900-930m (from $930-960m) while profits...
Mohawk expands digital paper/substrate lineup
Cohoes, NY-based Mohawk announced this week a major expansion of its lineup of synthetic papers, envelopes and specialty substrates for digital commercial printing.
Kodak to sell Document Imaging business to Brother
Kodak announced this week it has agreed to sell assets from its Document Imaging business to office equipment maker Brother Industries in a cash deal worth $210m (137m).
Presstek cuts 70 positions in global restructure
Less than six months after it was acquired by private equity firm American Industrial Partners (AIP), Presstek is going through a restructuring that includes a number of redundancies.
USPS in U-turn on Saturday delivery
The board of the US Postal Service (USPS) announced this week that it has directed US Postmaster General Patrick Donahoe not to go ahead with plans to end Saturday delivery this August.
Monotype's Pencil to Pixel comes to New York next month
Following a successful event in London last November, Monotype is bringing the Pencil to Pixel exhibition to New York so that US-based font fanatics and type devotees can get an up close look at rare...