Printers report mixed quarterly results

It was a mixed message coming out of the results from two large commercial printers this week, with sales up and earnings down slightly.

RR Donnelley & Sons Co. reported net sales increased 23 percent during its second quarter for a total of $2.8 billion. The increase was due to, among things, its acquisition of Banta Corp., Perry Judd's and Von Hoffmann.

RR Donnelley, Chicago, also reported a second-quarter net loss from continuing operations of $69.4 million or 32 cents per diluted share compared to net earnings from continuing operations of $124.4 million or 57 cents per diluted share on net sales of $2.3 billion in the second quarter of 2006.

Consolidated Graphics Inc. reported that sales rose 8 percent during its first quarter ended June 30 for a total of $258.6 million, an 8 percent increase compare to last year.

The Houston-based commercial printer's first-quarter net income totaled $13.6 million, a 1 percent drop compared to last year. Diluted earnings per share were 96 cents compared to 97 cents in the first quarter of last year.

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions