Big Flower, MSGI Report Record Results

Share this article:
Printer and advertising services provider Big Flower Holdings, New York, yesterday reported an earnings increase of 44.2 percent to $40.4 million or $1.80 per share on revenue growth of 26.4 percent to $1.74 billion for the year ended Dec. 31.


For the fourth quarter of the year, earnings were up 33.5 percent to $17.98 million or 78 cents a share on revenue growth of 19.5 percent to $502.8 million. Big Flower's fourth-quarter results were driven by revenue growth of 39.2 percent and earnings growth of 53.2 percent in its direct marketing services group and the firm's digital printing, insert advertising and commercial printing businesses, said president/CEO Edward Reilly.


Integrated marketing services provider MSGI, New York, saw revenue growth of 56 percent to $16.6 million for its second quarter but reported a net loss of $1.52 million, up 72 percent from the same period a year ago. EPS improved from a minus 33 cents to a minus 14 cents. MSGI chairman/CEO Jeremy Barbera attributed the losses to its start-up fulfillment business but said direct and Internet marketing operations were profitable. The company has received offers to sell a majority stake in the Metro Fulfillment subsidiary and expects to complete a transaction this quarter.
Share this article:

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Agency

John Wanamaker Is Dead, Long Live the CMO

John Wanamaker Is Dead, Long Live the CMO

A century-old motto isn't—and shouldn't be—relevant today. CMOs need to get with the times and put their customer knowledge to good use.

Unleashing the True Power of the Customer

Unleashing the True Power of the Customer

Retailers who harness customer loyalty program data can create a customer-centric competitive advantage.

News Byte: Gartner Retail Expert Joins eCommera as CMO

News Byte: Gartner Retail Expert Joins eCommera as ...

Kevin Sterneckert brings a wealth of knowledge and experience to eCommera.