In our most recent earnings release on February 2, 2011 Consolidated Graphics once again demonstrated industry leadership in terms of innovation and financial strength. We met with Jon Biro, chief financial officer of Consolidated Graphics, to talk about what this means to our customers and investors.Consolidated Graphics will continue to invest in new technology. “Technology is advancing faster than ever before, and has become an integral component to creating more relevant print collateral. From data security to a world-leading digital infrastructure, Consolidated Graphics will continue to expand the breadth and quality of its service offerings. We’ve invested over $100 million into technology over the last four years, including building the world’s largest digital print platform. We’re seeing a huge benefit from this investment in terms of digital sales growth, and have the financial wherewithal to maintain this leadership position as technology evolves.”
We have staying power. “At a time when many smaller print companies are struggling financially, CGX has shown that we’re here to stay. Both customers and investors can take comfort in the fact that we are continuing to grow, both organically and through acquisitions.”
We are positioned to grow. “CGX maintains solid relationships with our bank group, and has immediate access to capital. When a business acquisition opportunity presents itself, as it often does, we’re positioned to act quickly and pay cash to acquire a company that has proven to be a strategic fit.”
Biro believes that Consolidated Graphics is making investments in the right technologies, at the right time. “We saw 24% growth in digital printing, greater access to national clients with higher transaction volumes, and solid same-store sales growth in fiscal year 2011. We have dramatically less debt than we did three years ago, and we maintain our commitment to bringing the most effective and highest value print solutions to our customers.”
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