Bowne Reports Increases in Revenue, Profit in Fourth Quarter

Segment Profit: The Company generated segment profit of $10.5 million in the fourth quarter of 2009, as compared to a loss of ($2.2) million last year. Segment profit for the full year in 2009 was $46.1 million, a 39% increase over 2008 results, despite a $91 million reduction in revenue. The Company's segment profit margin in the quarter and 2009 full year periods was 6.2% and 6.8%, respectively, and also represents a significant improvement over last year. The improved profitability and operating margins reflect the impact of the cost reductions that have been put in place over the past two years.