Plan Sees Bowne Eliminating 650 Jobs

“We earned $71 million in gross profit during the first quarter, despite the significant downturn in the capital markets,” Shea said. “We believe our recent strategic acquisitions, combined with our ongoing efforts to diversify our revenue stream and reduce costs, will benefit us as we manage through this challenging environment. We are confident that pursuing this strategy will significantly improve our profitability in the second half of this year and beyond.”