Profitability: The Dynamic Ratios Calculator
August 30, 2017 – Profitability continues to be the biggest challenge impacting companies in the printing industry. Forget about sales. Great sales just make your company an attractive target for acquisition if your probability isn’t large enough to purchase new equipment, to attract the best talent, or to make the changes necessary to compete in the marketplace.
This is why we have created a Dynamic Ratios Calculator to provide you with a resource that will help you quickly understand how your company is performing financially. The Dynamic Ratios Calculator allows you to compare yourself versus others based on information you provide. All you need is four numbers – annual sales, income before taxes, number of full-time equivalent employees and your annual substrate costs – and you will quickly understand whether you are a market leader, market challenger or market laggard.
The formulas are all based on information derived from Printing Industries of America annual Dynamic Ratios Study and have been widely accepted as key indicators regardless of what type of process you use or type of product you manufacture. Whether you are a printer, finisher, bindery, packager, tag/label manufacturer or converter, the Dynamic Ratio Calculator is for you.
What if you aren’t a market leader? Participate in the PIA’s Financial Performance Assessment. It is a great way for you to taker a deeper dive into how you can become more profitable.
Check it out the Dynamic Ratios Calculator today by visiting www.glga.info/drc.
Legislative Win for GLGA Members in Illinois! House Overrides Governor’s Veto to Finally Reinstate Sales Tax Exemption
July 6, 2017 – After a hard fought legislative session, the Graphic Arts sales tax exemption has finally been restored! The credit is now PERMANENT and exempt from automatic sunset laws. Due to our efforts in Springfield the Graphic Arts sales tax exemption became part of the Manufacturing Machinery & Equipment exemption effective July 1, 2017. This is a HUGE win for all GLGA members.
The law now allows a permanent sales tax exemption for graphic arts and printing equipment, which at a MINIMUM is equal to $6,254 for every $100,000 spent on covered equipment.
2017 Print & Packaging Legislative Summit
The 2017 Print & Packaging Legislative Summit took Capitol Hill by storm on June 20 and June 21. More than 50 representatives of the print and packaging industry took their message to the lawmakers in Washington, DC. This year’s agenda called for greater emphasis on topics such as workforce development, tax reform, smarter regulation, postal reform, and health care reform.
The Summit kicked off with a partner luncheon with the National Association of Manufacturers (NAM), Vice President Mike Pence, and Speaker of the House Paul Ryan (R-WI). “American manufacturing is roaring again” was the message the Vice President conveyed throughout his remarks while Speaker Ryan honed in on the need for tax reform to ease the financial burden placed on business owners.
That evening, attendees again gathered at the Rayburn Building for a reception which included US Rep. Sean Duffy (R-WI), who spoke about how important paper and print/packaging is to Wisconsin’s economy. During his remarks, Representative Duffy reaffirmed his commitment to working to passing pro-business legislation that will keep the industry strong. After the reception, attendees met with special guest US Sen. Todd Young (R-IN), who spoke about the need for healthcare and tax reform.
Wednesday morning started bright and early at the NAM breakfast with Secretary of Labor Alex Acosta. The Secretary shared his vision for closing the skills gap and re-introducing apprenticeships in the workplace.
Following breakfast, Joseph Lyman, President of GLGA, and Rob Straka, Vice President of Priority Press, Indianapolis, IN, met with representatives and senators their staffs throughout the three-state region to reinforce the need for workforce development legislation, postal reform and pro-business tax reform. Lyman said, “Legislative action on tax and postal reform, as well as workforce development, is vital to ensure that our industry can continue to remain competitive. GLGA is committed to fighting for the passage of pro-business legislation and regulations to help its members.”