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.
more at: https://investor.rrd.com/news/news-details/2023/RRD-Report-Amid-Steadying-Supply-Chains-and-eCommerce-Demands-Brands-Make-Meaningful-Strides-in-Sustainability/default.aspx?_gl=12nj1gl_gaMzY2NDQxNzE0LjE2NTQ1MTgyNjI._ga_2DQDYY9CC3*MTY4OTU5NTE3Mi4yNDUuMC4xNjg5NTk1MTcyLjYwLjAuMA..&_ga=2.31825534.115203656.1689595172-366441714.1654518262
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Third Quarter Financial Highlights and Recent Events * Total revenue increased by 23.9% to $67.9 million, from $54.8 million in the third quarter of 2021. * Packaging and specialty products segment revenue of $18.8 million, up 5.8% from $17.8 million last year. * Envelope segment revenue up 32.6% to $49.1 million, from $37.0 million in the prior year. * Net Earnings increased significantly to $8.1 million, or 11.9% of revenue, from $3.4 million or 6.1% of revenue, last year. * Earnings per share of $0.31, up sharply from $0.13 a year ago. * Recorded no assistance from the Canada Emergency Wage Subsidy (“CEWS”) and Canada Emergency Rent Subsidy (“CERS”) programs in the third quarter of 2022, compared to $0.6 million in the equivalent quarter of 2021. * Purchased 96,600 shares for a total consideration of $0.3 million as part of NCIB program. * Acquisition on November 1, 2022 of Royal Envelope Corporation (“Royal Envelope”) located in Chicago.
In support of the important work underway to advocate for the advancement of diverse talent in the creative industry, Quad is contributing $25,000 to a scholarship program at the Brandcenter at Virginia Commonwealth University (VCU), a two-year full-time master’s program dedicated to developing the next generation of creative talent. The Brandcenter at VCU is among the preeminent advertising and design programs in the country, and Quad’s donation will directly support the Brandcenter & Rising Endowed Scholarship, which provides need-based assistance to diverse students looking to make an impact in the fields of advertising, marketing, branding and communications.
We are thrilled to announce that Schumann Printers received three awards at the 2024 Graphics Excellence Awards (GEA) hosted by the Great Lakes Graphics Association (GLGA). The GEA is one of the largest regional printing competitions in the nation, drawing entries from many leading printing companies. Schumann Printers proudly received three awards: 2 Best of Category Awards - Directories and Sourcebooks & Web Press Printing Coated Paper (4 or more colors) & 1 Best of Division Awards - Architectural/Art/Travel/Other Magazines