R.R. Donnelley & Sons Company (RRD) released its 2023 (Un)Packaging Reality Report, revealing how brands navigated last year’s market pressures and shortages to ease certain supply chain challenges and meet eCommerce demands. The second edition of RRD’s annual report now includes complementary input from label decision makers, in addition to the original audience of packaging decision makers.
According to the report, those citing product-related concerns dropped to 20% from the previous 34% while concerns surrounding packaging materials and transportation also mellowed. Meanwhile, eCommerce orders rose for 60% of respondents. Despite this challenging environment, 77% claimed their organizations moved closer to sustainability goals.
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R.R. Donnelley & Sons Company announced it will expand its North American production capabilities to support the trading card and collectible card game industry. Known for exceptional quality and service, Reynosa’s 300,000-square-foot manufacturing space houses 10 sheetfed presses, featuring both UV and conventional printing, and complete finishing capabilities. Investments in the pressroom and specialty finishing capabilities will enable this site to produce cards and their associated packaging by mid-spring of 2021. Additionally, RRD will be installing a 12-color UV press to their Packaging Solutions facility in Durham, North Carolina. RRD’s Durham operation has served top brands and emerging card publishers for over 30 years and is one of the largest producers of trading cards in North America. This will be the second press of its kind at the facility, signaling RRD’s ongoing commitment to support increases in client demand and ability to deliver high-quality products required by both card collectors and game players alike.
As the first company in packaging industry, DS Smith had opted for the revolutionary digital pre-printing technology for medium and large-scale productions in one of their British locations. Now, the company celebrated the commissioning of the second HP T1100S digital pre-printing machine in their site in Fulda, Germany, opening up entirely new possibilities of brand activation and brand protection for their customers. Together with about 180 guests of leading brands, DS Smith celebrated the official commissioning of the digital pre-printing machine at their site in Fulda. In presentations, workshops and during the official commissioning, the new possibilities this revolutionary printing technology provides for the producers of branded articles and for industry were in the centre of attention. Click Read More below for additional information.
*Revenue for the first quarter was $114.7 million higher than the previous year. Excluding the First American acquisition, which closed on June 1, 2021, revenue increased $31.4 million, or 7.1% year-over-year. *The Payments segment delivered revenue growth of 109.1% over the previous year to $166.2 million. Excluding First American, Payments grew 4.3%. *Net income of $9.7 million included $12.7 million of acquisition amortization from the First American acquisition, as well as an increase in interest expense of $15.8 million driven by the transaction. *Cash flow from operations for the first quarter was $34.3 million and capital expenditures were $20.8 million. Free cash flow was $13.5 million, a decrease of $4.4 million compared to the first quarter of 2021, partially driven by increased cash interest payments.