Graphco, distributor of the leading 8-UP sheetfed press in the Midwest and Southeast, has delivered another fully automated RMGT offset press to Hagg Press in Elgin, Illinois. This time an RMGT 970ST+LED installation continues the Graphco/Hagg Press relationship which began in 2018, when a new 40-inch RMGT 10 Series press was purchased as the first step in modernizing the firm’s print platform. “We knew we needed to change out our old presses,we just weren’t sure what brand was the best for our business,” states Jordan Hagg, President of Hagg Press. The first RMGT 10 Series press picked up the volume formerly produced by one 28” and two 40” presses from Komori and Manroland. Hagg’s print volume grew significantly during the first few years after the new press came online. “Half of our RMGT years took place during the pandemic, but growth has basically been thrust on us by our existing customers and several new major accounts that came our way. I think our print quality, fair pricing, and the fact we rarely miss a deadline makes Hagg Press an attractive source,” Hagg comments. “We’re glad we picked the RMGT press from Graphco.”

Recent Highlights *Achieved sixth consecutive quarter of year-over-year growth as Net Sales increased 18% in the third quarter of 2022 compared to the third quarter of 2021 due to print segment share gains, increased pricing in response to inflationary cost pressures, and increased sales in the Company’s international locations. *Recognized Net Earnings of $14 million in both the third quarter of 2022 and 2021, with 2021 Net Earnings including non-recurring gains of $18 million, net of tax, from a property insurance claim and a sale and leaseback of a production facility. *Repurchased 3.1 million shares of Quad Class A common stock for $10 million year-to-date, representing more than 5% of Quad’s outstanding shares.

Because several areas in Michigan failed to achieve compliance with the National Ambient Air Quality Standard for ozone, the Michigan Department of Environment, Great Lakes, and Energy (EGLE) is moving forward with a series of new regulations designed to reduce the precursors of ozone, which are volatile organic compounds (VOC) and nitrogen oxides (NOx). The Michigan counties designated as nonattainment include those in the West and the Detroit area and include Berrien, Livingston, Macomb, Monroe, Oakland, St. Clair, Washtenaw, and Wayne. In addition, portions of Allegan and Muskegon counties are also designated as nonattainment. The inability to demonstrate compliance with the ozone standard has triggered requirements in the Clean Air Act requiring EGLE to develop and implement a new set of air pollution control regulations designed to reduce emissions of VOCs and NOx. EGLE will have to adopt federal Environmental Protection Agency guidelines on a variety of industries including printing since VOCs are emitted.