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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 for the 12-month period are expected to fall by as much as 22%.

Transcontinental posts Q1 profit rise

Montreal-based Transcontinental cited the ongoing benefits from its acquisition of Quad/Graphics assets in Canada as it reported a modest 5% rise in net profit to US $17.4m for the first quarter on an 8% rise in turnover to US $515m.

Quad/Graphics posts modest Q4 profit

Sussex, WI-based Quad/Graphics managed to overcome pricing pressure and a decline in sales to post a $21m Q4 net profit, reversing a $7m loss for the same period a year earlier.

Election drives Consolidated Graphics Q3 revenue rise

Consolidated Graphics (CGX) cited an increase in both digital and election year print spending as it reported Q3 net income up 32.4% to $16.9m on a 4% revenue rise to $295.3m.

US Postal Service reports $15.9bn full year net loss

Re-enforcing the point that it needs a dramatic overhaul, the U.S. Postal Service (USPS) has reported a $15.9bn net loss for the year ending September 30 - a loss that includes $11.1bn in payments to prepay its retiree health benefits that the USPS defaulted on several months ago.

Xerox highlights iGen sales amidst poor Q3 results

Xerox was keen to highlight double-digit growth in iGen colour press sales as a stagnant macro-economy and reduced government spending led to a drop in Q3 turnover and profits.

RR Donnelley Q2 profits up despite slowdown in print sales

Chicago-based R.R. Donnelley & Sons posted a second quarter profit of $88.8m, up from $12.2m for the same period in 2011, despite a 3.6% decline in revenues to $2.5bn.

Ennis posts Q1 profit drop, despite boost in print sales

Midlothian, TX-based print and apparel company Ennis reported a first quarter drop in EDITA of more than 50% compared with the same period in 2011 to $10m, largely due to declines on the clothing side of its business.

CGX makes splash at Drupa, but posts disappointing results

Houston-based Consolidated Graphics (CGX) had a bit of a mixed week, creating a splash at drupa by announcing the purchase of 11 new HP Indigo 10000 digital presses, while reporting a loss in its fourth quarter results on a nearly 3% decline in revenue.

Xerox posts Q1 revenue rise, shifts focus to BPO

Xerox saw its Q1 revenues rise slightly over the same period in 2011 to $5.5bn, while pre-tax profit declined 11% to $313m as the company continued its shift from a hardware/technology provider into enterprise services such as print outsourcing.

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