About us

Client Overview: Commercial printing company with revenues in excess of $1.5M in revenues. The company’s services and products include commercial print, envelopes, labels, packaging and business documents through a network of production, fulfillment and distribution facilities throughout North America.

Opportunities/Challenges:

• Stock price had gone from $21 to $2 in 9 months
• Credit rating had been downgraded to BBB-
• Shareholder lawsuits had been initiated
• EBITDA had diminished from $170M to $110M

Solutions:

• Provided accessible leadership to investment community, customers and employees, and direction to the organization
• Initiated and implemented $55.8M in cost reduction; EBITDA plan of $205M in 2006.
• Restructured the organization, eliminating two layers of management
• Rebuilt relationship and reached control agreement with dissident shareholder

Results:

Stock price increase:

• 2+ to 5+ on announcement that the BOD was seeking alternatives
• 5+ to 7+ on announcement of CEO search
• 7+ to 10+ on announcement in changes and restructuring
• 10+ to 26+ on execution of plan by current management
• Increased market capitalization from $375M to $750M, increasing share price from $10 to $14.50 per share