Valassis Exceeds Earnings Expectations
Revenue for the quarter, which ended June 30, was $256.8 million, up 5.6 percent from $243.1 million in second-quarter 2003. The company also said it experienced growth in its freestanding insert business.
"We recognize this as an opportunity to refocus our efforts on a co-op FSI price improvement initiative," chairman/president/CEO Alan F. Schultz said in a statement. "We will begin implementing what we believe to be a low-risk approach to improving the pricing environment, while protecting our existing business."