Top 40 distributor 4imprint Group (asi/197045) generated total revenue of $627.5 million in 2017 – a 12% increase over the prior year. That’s according to official company earnings results released Wednesday – results that also revealed that 4imprint’s profit after tax in 2017 tallied $28.9 million, an approximately 18% year-over-year rise.

Paul Moody, chairman of 4imprint

Sales in North America again accounted for most of 4imprint’s business in 2017, increasing about 12% to $608 million from $540.6 million the previous year. Revenue in the U.K. and Ireland was up 11% last year to $19.5 million. With offices in Oshkosh, WI, and Manchester, U.K., 4imprint says that achieving total annual revenue of $1 billion in 2022 is part of its long-term plan.

“Our business operations are firmly established in attractive markets,” said Paul Moody, chairman of 4imprint. “The Group is financially strong, and we have exciting plans for the future. Trading activity in the first few weeks of 2018 has been encouraging.”

Speaking of stocks: Basic earnings per share jumped 18% in 2017 to $1.0315. Meanwhile, diluted earnings per share were $1.0284, up from about 87 cents. Proposed total dividend per share was about 58 cents, an 11% rise.

In 2017, 4imprint processed 1.185 million orders, according to the distributor. That was 12% more than in 2016. Furthermore, 4imprint acquired 252,000 new customers. Retention rates remained stable, the company said. At the end of last year, 4imprint had $30.8 million in cash balance. The company says that U.S. tax reform will benefit earnings per share and cash balance in 2018.

Based on its reported $540.6 million in 2016 North American promotional product sales, 4imprint ranked second on Counselor’s latest list of the largest distributors in the industry.