LSC Communications, operating under bankruptcy protection and set to auction its assets next month, reported second quarter results for the period ending July 31 on Thursday. Book printing sales comprised $198 million, a decline of $91 million from $289 million a year ago, down almost 32 percent, “primarily due to lower volume which was partially caused by the impact of COVID-19 and a $25 million decrease in pass-through paper sales.” The company said the decrease in book printing sales was mainly from lower “educational book volumes due to the uncertainty around school openings. Demand for trade books remained strong, but […]
