Valassis Q3 Earnings Drop To $26.7 Million

Share this content:
Valassis, a Livonia, MI, marketing services company, said yesterday that its third-quarter earnings fell to $26.7 million from $32.7 million in the prior-year quarter.


Revenue for the quarter, which ended Sept. 30, was $230.1 million, up 7.4 percent from $214.2 million in third-quarter 2002.


The company said it was hurt by a lack of pricing power.


"The actual strength of our business is presently overshadowed by an unnatural pricing situation in the co-op free-standing insert industry, which is impeding our short-term results and outlook," said Alan F. Schultz, Valassis chairman/president/CEO. "In 2004, we will generate substantial earnings and cash flow, and we are on schedule with our plan to recover market share in the co-op FSI business."


close

Next Article in Data/Analytics

Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above