DALLAS–(BUSINESS WIRE)–Sep 21, 2022–
Balfour & Co. (“Balfour”), the trusted North American leader in college-grade consumer products, today announced nearly 100% year-over-year improvement in performance operational as well as the construction of its new state-of-the-art plant. -art print facility. Balfour offers custom products such as class jewelry and apparel, yearbooks, graduation caps and gowns, announcement products and photography.
The company’s financial improvement was largely a reflection of strong sales and operating improvements in its major graduation product categories. With its financial flexibility and strong operational position, Balfour continues to invest in its platform to expand its products and customer support within existing and emerging categories in the startup services space.
“We continue to see great momentum across the business as we enter our new fiscal year,” said Ryan Esko, CEO of Balfour. “Today, Balfour operates from a stronger financial position, and we are focused on investing in our customers, our operating platform, our sales representatives and our team. We are extremely grateful to our customers, employees and sales representatives for their partnership. »
Balfour is also well on its way to constructing its new state-of-the-art supplementary directory printing facility to give schools an added advantage by providing access to the latest innovations in printing technology. The facility is wholly owned by Balfour and will leverage its significant investment in its new proprietary technology, Balfour Vivid Print™to provide best-in-class directories to its customers from 2023.
Mr. Esko added, “This is an exciting investment that supports our continued growth and expands our ability to deliver exceptional products to our customers. Balfour has been a trusted partner for nearly 110 years in helping students capture some of life’s most meaningful memories. With this new state-of-the-art directory printing facility, we will be an even stronger partner for schools and students.
In addition to building this new facility, Balfour has also partnered with an established printing company, which is under common ownership and has three printing sites, to provide surplus printing capacity and redundancy whenever that is necessary.
The Balfour team continues to focus on excellence and innovation with its products and services entering its new fiscal year.
Balfour & Co. is one of the world’s leading educational services companies leading the industry in digital product innovation by helping students and their families celebrate the most meaningful moments in their lives. Operating under Balfour®, GradImages®, University Photo®, Gaspard®, ArtCarved®, KeepSake® and Taylor Publishing Company®, the company provides personalized products such as jewelry and class apparel, yearbooks, caps and dresses graduation, announcement products and photography through digital marketing technology, personal school deliveries and personalized school kits. The company operates throughout North America with approximately 5,000 team members.
*Balfour uses an estimated measure of Adjusted EBITDA, along with other key measures, as an indicator of operating performance.
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CONTACT: Melissa Goodis
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: FASHION ONLINE RETAIL DISCOUNT/VARIETY CATALOG SPECIALTY
SOURCE: Balfour & Co.
Copyright BusinessWire 2022.
PUBLISHED: 09/21/2022 14:00 / DISK: 09/21/2022 14:03
Copyright BusinessWire 2022.