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Revenue Recognition
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Revenue Disaggregation

The following tables provide information about disaggregated revenue by the Company’s operating segments and major products and services offerings for the three and nine months ended September 30, 2025 and 2024:

United States Print
and Related Services
InternationalTotal
Three Months Ended September 30, 2025
Catalog, publications, retail inserts and directories$282.8 $24.8 $307.6 
Direct mail and other printed products130.9 18.4 149.3 
Other2.2 — 2.2 
Total products415.9 43.2 459.1 
Logistics services54.5 — 54.5 
Marketing services and medical services74.4 — 74.4 
Total services128.9 — 128.9 
Total net sales$544.8 $43.2 $588.0 
Three Months Ended September 30, 2024
Catalog, publications, retail inserts and directories$317.1 $58.0 $375.1 
Direct mail and other printed products118.8 33.0 151.8 
Other2.9 — 2.9 
Total products438.8 91.0 529.8 
Logistics services62.9 4.0 66.9 
Marketing services and medical services77.4 0.7 78.1 
Total services140.3 4.7 145.0 
Total net sales$579.1 $95.7 $674.8 
United States Print
and Related Services
InternationalTotal
Nine Months Ended September 30, 2025
Catalog, publications, retail inserts and directories$843.1 $89.8 $932.9 
Direct mail and other printed products388.8 73.5 462.3 
Other6.7 — 6.7 
Total products1,238.6 163.3 1,401.9 
Logistics services162.2 2.6 164.8 
Marketing services and medical services222.3 0.3 222.6 
Total services384.5 2.9 387.4 
Total net sales$1,623.1 $166.2 $1,789.3 
Nine Months Ended September 30, 2024
Catalog, publications, retail inserts and directories$921.7 $165.3 $1,087.0 
Direct mail and other printed products357.2 82.6 439.8 
Other7.7 0.1 7.8 
Total products1,286.6 248.0 1,534.6 
Logistics services182.0 11.8 193.8 
Marketing services and medical services233.7 1.7 235.4 
Total services415.7 13.5 429.2 
Total net sales$1,702.3 $261.5 $1,963.8 


Nature of Products and Services

The Company recognizes its products and services revenue based on when the transfer of control passes to the client or when the service is completed and accepted by the client.
The products offering is predominantly comprised of the Company’s print operations which includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, custom print products, other commercial and specialty printed products and global paper procurement.

The Company considers its logistic operations as services, which include the delivery of printed material. The services offering also includes revenues related to the Company’s marketing services operations, which include data and analytics, technology solutions, media services, creative and content solutions, managed services and execution in non-print channels (e.g., digital and broadcast), as well as medical services.
Costs to Obtain Contracts

In accordance with Accounting Standards Codification (“ASC”) 606 — Revenue from Contracts with Customers, the Company defers certain contract acquisition costs paid to the client at contract inception. Costs to obtain contracts with a duration of less than one year are expensed as incurred. For all contract costs with contracts over one year, the Company amortizes the costs to obtain contracts on a straight-line basis over the estimated life of the contract and reviews quarterly for impairment. Activity impacting costs to obtain contracts for the nine months ended September 30, 2025, was as follows:
Costs to Obtain Contracts
Balance at December 31, 2024$1.0 
Costs to obtain contracts0.3 
Amortization of costs to obtain contracts(0.7)
Balance at September 30, 2025$0.6