The company’s financial improvement was largely a reflection of strong sales and operating improvements across its core graduation product categories, the company said.
“We continue to see great momentum throughout the business as we kick off our new fiscal year,” said Ryan Esko, CEO, Balfour. “Balfour today is operating from a stronger financial position, and we’re focused on investing in our customers, operating platform, sales representatives, and team. We’re incredibly grateful to our customers, employees, and sales representatives for their partnership.”
Balfour is also well underway in the construction of its additional, new, and state-of-the-art yearbook printing facility to provide schools an extra edge by offering access to the latest innovations in printing technologies. The facility is fully owned by Balfour and will harness its significant investment in new proprietary technology, Balfour Vivid Print, to deliver “best-in-class yearbooks” to its customers starting in 2023, the company claimed.
“This is an exciting investment that supports our continued growth and expands our ability to deliver exceptional products to customers,” said Esko. “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 yearbook printing facility, we’ll be an even stronger partner for schools and students.”
In addition to building this new facility, Balfour has also arranged a partnership with an established printing company, which is under common ownership and has three printing locations, to provide printing capacity overflow and redundancy whenever it is needed.
Formerly known as American Achievement Corp. and Iconic Group, Balfour & Co. operates under brands like Balfour, GradImages, University Photo, Gaspard, ArtCarved, KeepSake, and Taylor Publishing Co.