Electronics For Imaging, Inc., is showcasing the winning production capabilities of its versatile industrial inkjet portfolio at the 2024 AICC/TAPPI SuperCorrExpo in Orlando. With its broad range of preferred solutions, EFI™ continues to push the boundaries of industrial digital printing to help independent sheet plants, box manufacturers, and integrated paper and packaging producers drive greater efficiency, sustainability and profitability. EFI stands out as the only company to offer both water-based and UV ink solutions for digital corrugated packaging printing, and the company’s packaging experts are at hand in booth #2711 to discuss breakthrough solutions such as the popular 1.4- meter-wide EFI Nozomi 14000 LED inkjet printer, as well as EFI’s new Nozomi 14000 AQ model featuring water-based inks.

Walsworth announced it has hired printing industry veteran Andy Billett as the company’s new Chief Operating Officer (COO). Billett will be replacing Walsworth’s current COO Jim Mead, who is retiring from the company in November and will be based out of Walsworth’s corporate office in Marceline, Missouri. Billett comes to Walsworth with 25-plus years of printing and senior leadership experience at Taylor Corporation, Custom Ink and Jostens. Once he began to explore the opportunity to join Walsworth, he said it was a perfect match. “Meeting Don Sr., Don, and the team at Marceline made me feel at home,” said Billett. “Walsworth reminded me of my days at Taylor Corporation – genuine, honest and sincere. The values and culture at Walsworth are very strong, and the Walsworths have a compelling growth strategy for the future. Discussing this strategy and my potential role, and how I can help the team achieve it, drew me in.”

The Company’s revenues for the second quarter ended August 31, 2022 were $111.2 million compared to $100.5 million for the same quarter last year, an increase of $10.7 million, or 10.6%. Gross profit margin was $35.2 million, or 31.7%, as compared to $28.9 million, or 28.8%, for the same quarter last year. Net earnings for the quarter were $12.2 million, or $0.47 per diluted share, as compared to $7.5 million, or $0.29 per diluted share, for the same quarter last year. The Company’s revenues for the six-month period ended August 31, 2022 were $218.9 million compared to $197.4 million for the same period last year, an increase of $21.5 million or 10.9%. Gross profit margin was $69.2 million, or 31.6%, as compared to $58.1 million, or 29.4% for the six-month periods ended August 31, 2022 and August 31, 2021, respectively. Net earnings for the six-month period ended August 31, 2022 were $23.8 million, or $0.92 per diluted share compared to $14.8 million, or $0.57 per diluted share for the same period last year.