3Q Revenue Hits Record $269 Million for Advo

Share this content:
Cooperative advertising mail company Advo Inc., this week reported its revenue for the third quarter ended June 27 was a record $269 million, up 4.2 percent from the same quarter last year.

Advo, Windsor, CT, reported operating income for the third quarter was $23.2 million, up 21.3 percent from $19.1 million in third-quarter 1997. The company reported diluted earning per share was 52 cents compared to 38 cents, an increase of 37 percent over the same quarter last year.

According to Advo, the revenue increase was driven by a 1.6 percent revenue-per-piece increase and a 1 percent pieces-per-package increase, which were offset somewhat by a reduction in mail packages distributed. Advo's co-op mail program, Mailbox Values, reaches 60 million households weekly.

Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

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